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 83.05% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
24.8%	Michael Dunlap	8,999,229	US$968.1m	-0.05%	no data
9.32%	Angela Muhleisen	3,387,986	US$364.5m	-25.4%	no data
6.91%	Dan Muhleisen	2,512,723	US$270.3m	84.3%	no data
5.73%	Dimensional Fund Advisors LP	2,083,441	US$224.1m	0.33%	0.04%
5.22%	The Magnolia Group, LLC	1,900,000	US$204.4m	0%	28.66%
5.13%	Deborah Bartels	1,864,177	US$200.5m	23.1%	no data
4.36%	Union Financial Services, Inc	1,586,691	US$170.7m	0%	no data
3.61%	The Vanguard Group, Inc.	1,313,570	US$141.3m	0.27%	no data
2.89%	BlackRock, Inc.	1,050,396	US$113.0m	-7.22%	no data
2.31%	Shelby Butterfield	840,055	US$90.4m	-2.65%	no data
1.95%	Farmers & Merchants Investment, Inc.	709,191	US$76.3m	438%	no data
1.52%	Jeffrey Noordhoek	552,679	US$59.5m	-0.26%	no data
1.17%	Estate Of Stephen F. Butterfield	423,873	US$45.6m	0%	no data
1%	State Street Global Advisors, Inc.	364,545	US$39.2m	10.5%	no data
0.91%	Geode Capital Management, LLC	332,009	US$35.7m	2.02%	no data
0.85%	Sycale Advisors (NY) LLC	309,093	US$33.3m	-13.5%	12.74%
0.8%	Madison Avenue Partners, LP	290,213	US$31.2m	0%	3.49%
0.67%	General American Investors Company, Inc.	243,415	US$26.2m	0%	1.77%
0.67%	Terry Heimes	242,950	US$26.1m	-0.6%	no data
0.63%	Northern Trust Global Investments	230,635	US$24.8m	-9.08%	no data
0.63%	QVT Financial LP	229,665	US$24.7m	0%	1.64%
0.59%	Empyrean Capital Partners, LP	215,000	US$23.1m	-37.3%	1.8%
0.55%	James Kruger	199,450	US$21.5m	-0.59%	no data
0.54%	Charles Schwab Investment Management, Inc.	194,863	US$21.0m	0%	no data
0.35%	Bandera Partners LLC	127,000	US$13.7m	5.32%	5.31%