Share ownership Nelnet, Inc.

NNI

US64031N1081

Consumer Lending

Market Closed - NYSE 16:00:02 2026-10-12 EDT			5-day change	1st Jan Change
125.82 ^USD	+0.45%		+0.65%	-5.37%

10-05	Nelnet's Business Services Unit Acquires India's Entab Infotech	MT
09-16	Nelnet, Inc. Announces Board and Committee Appointments	CI

Share class: Nelnet, Inc.

	Vote	Quantity	Free-Float	Company-owned shares	Total Float
Stock A	1	25,162,763	17,387,313 ( 69.1 %)	0	48.6 %
Stock B	10	10,616,675	0	0

Major shareholders: Nelnet, Inc.

Name	Stocks	%	Valuation
Angela Muhleisen 18.61 %	4,683,900	18.61 %	576 M $
DFA Australia Ltd. 7.173 %	1,805,028	7.173 %	222 M $
The Magnolia Group LLC 5.046 %	1,269,723	5.046 %	156 M $
Farmers & Merchants Investment, Inc. (Lincoln, Nebraska) 4.687 %	1,179,351	4.687 %	145 M $
BlackRock Advisors LLC 4.359 %	1,096,867	4.359 %	135 M $
Union Bank & Trust Co. (Investment Management) 3.707 %	932,710	3.707 %	115 M $
Vanguard Portfolio Management LLC 2.764 %	695,621	2.764 %	86 M $
Vanguard Capital Management LLC 2.325 %	584,970	2.325 %	72 M $
Jeffrey Noordhoek 2.174 %	547,053	2.174 %	67 M $
American Century Cos., Inc. 1.672 %	420,692	1.672 %	52 M $
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Name	Stocks	%	Valuation
Michael Dunlap 60.79 %	6,479,771	60.79 %	798 M $
Farmers & Merchants Investment, Inc. (Lincoln, Nebraska) 20.84 %	2,221,705	20.84 %	273 M $
Shelby Butterfield 11.39 %	1,213,488	11.39 %	149 M $
Stephen Butterfield 7.356 %	784,025	7.356 %	96 M $
Matthew Dunlap 2.122 %	226,197	2.122 %	28 M $

Breakdown by shareholder type

Institutional	40.09%
Individuals	25.35%
Others	9.18%
State Street Corp.	1.45%
Schweizerische Nationalbank	0.11%
SEI Investments Co.	0.06%
The Allstate Corp.	0.05%
Manulife Financial Corp.	0.04%
Fifth Third Bancorp	0.01%
Unknown	23.66%

Based on 1000 largest holdings

Geographical origin of shareholders

United States	41.08%
Individuals	25.35%
Australia	7.19%
United Kingdom	1.59%
France	0.38%
Ireland	0.28%
Switzerland	0.15%
Canada	0.06%
Germany	0.06%
Singapore	0.06%
Austria	0.05%
Cayman Islands	0.05%
Sweden	0.03%
Norway	0.01%
Luxembourg	0.01%

Based on 1000 largest holdings

Nelnet, Inc. operates businesses that are engaged in loan servicing and education technology services and payments. The Company's segments include Loan Servicing and Systems (LSS), Education Technology Services and Payments (ETSP), Asset Generation and Management (AGM), and Nelnet Bank. The LSS segment is focused on consumer loan servicing, loan servicing-related technology solutions and outsourcing business services. This segment includes the brands Nelnet Diversified Solutions, Nelnet Government Services and others. The ETSP segment provides education and payment technology and services for K-12 schools, higher education institutions, churches, and businesses in the United States and internationally. The AGM segment includes the acquisition and management of students and other loan assets, including investment interests therein. The Nelnet Bank includes an Internet Utah-chartered industrial bank focused on the private education and unsecured consumer loan markets.

Employees

5,744

Sector

Consumer Lending

More about the company