Nelnet Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top 25 shareholders own 82.41% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
24.3%	Michael Dunlap	8,813,577	€908.2m	-1.73%	no data
9.34%	Angela Muhleisen	3,387,986	€349.1m	0%	no data
6.92%	Dan Muhleisen	2,512,723	€258.9m	0%	no data
5.6%	Dimensional Fund Advisors LP	2,033,213	€209.5m	-1.22%	0.03%
5.24%	The Magnolia Group, LLC	1,900,000	€195.8m	0%	32.94%
5.14%	Deborah Bartels	1,864,177	€192.1m	0%	no data
4.37%	Union Financial Services, Inc	1,586,691	€163.5m	0%	no data
3.44%	The Vanguard Group, Inc.	1,247,871	€128.6m	26.7%	no data
3.23%	BlackRock, Inc.	1,171,138	€120.7m	2.89%	no data
2.31%	Shelby Butterfield	840,055	€86.6m	0%	no data
1.95%	Farmers & Merchants Investment, Inc.	709,191	€73.1m	0%	no data
1.52%	Jeffrey Noordhoek	552,679	€57.0m	0%	no data
1.17%	Estate Of Stephen F. Butterfield	423,868	€43.7m	0%	no data
1.04%	State Street Global Advisors, Inc.	377,932	€38.9m	-0.66%	no data
0.99%	Geode Capital Management, LLC	360,493	€37.1m	0.44%	no data
0.8%	Madison Avenue Partners, LP	290,213	€29.9m	0%	2.26%
0.67%	General American Investors Company, Inc.	243,415	€25.1m	0%	1.72%
0.67%	Terry Heimes	242,950	€25.0m	0%	no data
0.63%	Northern Trust Global Investments	229,795	€23.7m	3.76%	no data
0.63%	QVT Financial LP	229,665	€23.7m	0%	2.05%
0.56%	Sycale Advisors (NY) LLC	203,658	€21.0m	-12.6%	8.15%
0.55%	Charles Schwab Investment Management, Inc.	199,191	€20.5m	0.06%	no data
0.52%	James Kruger	189,734	€19.6m	-4.87%	no data
0.46%	Matthew Dunlap	168,417	€17.4m	1,150%	no data
0.35%	Bandera Partners LLC	127,000	€13.1m	0%	4.95%