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 82.11% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
24.7%	Michael Dunlap	8,968,489	US$1.0b	-0.34%	no data
9.35%	Angela Muhleisen	3,387,986	US$381.7m	0%	no data
6.93%	Dan Muhleisen	2,512,723	US$283.1m	0%	no data
5.68%	Dimensional Fund Advisors LP	2,058,427	US$231.9m	-1.2%	0.03%
5.24%	The Magnolia Group, LLC	1,900,000	US$214.1m	0%	27.82%
5.14%	Deborah Bartels	1,864,177	US$210.0m	0%	no data
4.38%	Union Financial Services, Inc	1,586,691	US$178.8m	0%	no data
3.14%	BlackRock, Inc.	1,138,226	US$128.2m	8.36%	no data
2.72%	The Vanguard Group, Inc.	985,017	US$111.0m	-25%	no data
2.32%	Shelby Butterfield	840,055	US$94.6m	-2.65%	no data
1.96%	Farmers & Merchants Investment, Inc.	709,191	US$79.9m	0%	no data
1.52%	Jeffrey Noordhoek	552,679	US$62.3m	0%	no data
1.17%	Estate Of Stephen F. Butterfield	423,873	US$47.8m	0%	no data
1.05%	State Street Global Advisors, Inc.	380,425	US$42.9m	4.36%	no data
0.99%	Geode Capital Management, LLC	358,921	US$40.4m	8.11%	no data
0.8%	Madison Avenue Partners, LP	290,213	US$32.7m	0%	2.68%
0.67%	General American Investors Company, Inc.	243,415	US$27.4m	0%	1.78%
0.67%	Terry Heimes	242,950	US$27.4m	0%	no data
0.64%	Sycale Advisors (NY) LLC	232,903	US$26.2m	-24.7%	8.78%
0.63%	QVT Financial LP	229,665	US$25.9m	0%	1.53%
0.61%	Northern Trust Global Investments	221,468	US$25.0m	-3.97%	no data
0.55%	Charles Schwab Investment Management, Inc.	199,076	US$22.4m	0%	no data
0.52%	James Kruger	189,734	US$21.4m	-4.87%	no data
0.35%	Bandera Partners LLC	127,000	US$14.3m	0%	5.35%
0.34%	American Century Investment Management Inc	122,055	US$13.8m	4.95%	0.01%