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 82.16% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
24.4%	Michael Dunlap	8,999,229	US$850.6m	-0.05%	no data
9.2%	Angela Muhleisen	3,387,986	US$320.2m	-25.4%	no data
6.82%	Dan Muhleisen	2,512,723	US$237.5m	84.3%	no data
5.64%	Dimensional Fund Advisors LP	2,076,549	US$196.3m	0.59%	0.04%
5.16%	The Magnolia Group, LLC	1,900,000	US$179.6m	0%	27.32%
5.06%	Deborah Bartels	1,864,177	US$176.2m	23.1%	no data
4.31%	Union Financial Services, Inc	1,586,691	US$150.0m	0%	no data
3.56%	The Vanguard Group, Inc.	1,310,085	US$123.8m	0.19%	no data
3.07%	BlackRock, Inc.	1,132,096	US$107.0m	6.31%	no data
2.34%	Shelby Butterfield	862,963	US$81.6m	-20.6%	no data
1.93%	Farmers & Merchants Investment, Inc.	709,191	US$67.0m	438%	no data
1.5%	Jeffrey Noordhoek	552,679	US$52.2m	-0.26%	no data
1.15%	Estate Of Stephen F. Butterfield	423,868	US$40.1m	3.76%	no data
0.97%	Sycale Advisors (NY) LLC	357,139	US$33.8m	13.2%	15.88%
0.93%	Empyrean Capital Partners, LP	342,970	US$32.4m	-24.1%	2.32%
0.9%	State Street Global Advisors, Inc.	329,874	US$31.2m	-0.41%	no data
0.88%	Geode Capital Management, LLC	325,422	US$30.8m	-1%	no data
0.69%	Northern Trust Global Investments	253,682	US$24.0m	2.12%	no data
0.66%	General American Investors Company, Inc.	243,415	US$23.0m	0%	1.69%
0.66%	Terry Heimes	242,950	US$23.0m	-0.6%	no data
0.62%	QVT Financial LP	229,665	US$21.7m	0%	1.45%
0.54%	James Kruger	199,450	US$18.9m	-0.59%	no data
0.5%	Charles Schwab Investment Management, Inc.	184,806	US$17.5m	0%	no data
0.33%	Bandera Partners LLC	120,583	US$11.4m	7.66%	4.36%
0.33%	BNY Mellon Asset Management	120,492	US$11.4m	16.9%	no data