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 82.61% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
24.7%	Michael Dunlap	8,968,489	US$980.6m	-0.34%	no data
9.34%	Angela Muhleisen	3,387,986	US$370.4m	0%	no data
6.92%	Dan Muhleisen	2,512,723	US$274.7m	0%	no data
5.6%	Dimensional Fund Advisors LP	2,033,213	US$222.3m	-1.22%	0.03%
5.24%	The Magnolia Group, LLC	1,900,000	US$207.7m	0%	34.67%
5.14%	Deborah Bartels	1,864,177	US$203.8m	0%	no data
4.37%	Union Financial Services, Inc	1,586,691	US$173.5m	0%	no data
3.44%	The Vanguard Group, Inc.	1,247,871	US$136.4m	26.7%	no data
3.14%	BlackRock, Inc.	1,138,226	US$124.5m	0%	no data
2.31%	Shelby Butterfield	840,055	US$91.9m	0%	no data
1.95%	Farmers & Merchants Investment, Inc.	709,191	US$77.5m	0%	no data
1.52%	Jeffrey Noordhoek	552,679	US$60.4m	0%	no data
1.17%	Estate Of Stephen F. Butterfield	423,873	US$46.3m	0%	no data
1.04%	State Street Global Advisors, Inc.	377,932	US$41.3m	-0.66%	no data
0.99%	Geode Capital Management, LLC	360,493	US$39.4m	0.44%	no data
0.8%	Madison Avenue Partners, LP	290,213	US$31.7m	0%	2.28%
0.67%	General American Investors Company, Inc.	243,415	US$26.6m	0%	1.76%
0.67%	Terry Heimes	242,950	US$26.6m	0%	no data
0.63%	Northern Trust Global Investments	229,795	US$25.1m	3.76%	no data
0.63%	QVT Financial LP	229,665	US$25.1m	0%	1.71%
0.56%	Sycale Advisors (NY) LLC	203,658	US$22.3m	-12.6%	8.55%
0.55%	Charles Schwab Investment Management, Inc.	199,191	US$21.8m	0.06%	no data
0.52%	James Kruger	189,734	US$20.7m	-4.87%	no data
0.35%	Bandera Partners LLC	127,000	US$13.9m	0%	5.18%
0.33%	American Century Investment Management Inc	119,203	US$13.0m	-2.34%	0.01%