Comparable stake leader
Michael S. Dunlap
SEC ownership of NELNET INC
Top holders, 13D/G large-stake signals, insider positions, and transaction flow tied to CIK 0001258602.
Disclosed value leader
Michael S. Dunlap
Comparable rows
50/50
Latest evidence
09 Jul 2026
- Public ticker
- NNI on NYSE
- Parsed ownership sources
-
13D/G, 3/4/5, and 13F
Source: Parsed SEC ownership filingsUse: Compare filing families carefully
- Largest SEC-reported holder
-
Michael S. Dunlap
Ranking: Comparable ownership first, then disclosed value
- Comparable ownership rows
-
50 of 50
Meaning: Rows with safely comparable ownership %
- Latest 13D/G holder
-
Michael S. Dunlap
Source: Latest parsed Schedule 13D/G stake
- Latest parsed ownership date
-
09 Jul 2026
Freshness: Most recent filing date in this holder set
- Issuer CIK
- 0001258602
- Issuer location
- Lincoln, NE
Ownership snapshot
CIK-linked ownership evidence from parsed SEC filings.
3 signals
Issuer
Names, identifiers, and filing context for this profile.
2 identity fields
Ownership snapshot
Top shareholders of NELNET INC (13F + 13D/G + 3/4/5)
Grouped by holder across the latest SEC ownership disclosures. Start with comparable ownership when available, then verify the linked 13F, 13D/G, or 3/4/5 evidence.
Comparable stake leader
Michael S. Dunlap
Disclosed value leader
Michael S. Dunlap
Comparable rows
50/50
Latest evidence
09 Jul 2026
13D/G
3/4/5
13F
Lead comparable stake: 38%
13D/G row: Michael S. Dunlap
Showing 1-8 of 50 holder rows.
Quick read
Michael S. Dunlap leads the comparable SEC ownership view at 38%.
50 of 50 rows have a safely comparable ownership percentage. Use this as a filing-backed starting point, then open the detailed table for source links, reporting role, position value, share count, and filing date.
Open SEC evidence
Opens Michael S. Dunlap's linked filing trail.
Comparable ownership
Top 5
Michael S. Dunlap
38%
Whitetail Rock Capital Management...
22%
Angie Muhleisen
18%
UNION BANK & TRUST CO / TRUSTEE
7.9%
MAGNOLIA CAPITAL FUND, LP
5.9%
Ownership % is shown only when SEC disclosures are safely comparable across share classes.
Detailed SEC evidence table Showing 1-8 of 50 holder rows
| Holder | Evidence | Ownership % | Position | 12M Net Δ | As of |
|---|---|---|---|---|---|
| Michael S. Dunlap |
13D/G
3/4/5
Dunlap, Michael S. · Executive Chairman of Board, Director, 10%+ Owner
|
38%
|
$1,678,491,524
13,387,235 shares
|
$0 | 10 Nov 2025 |
| Whitetail Rock Capital Management, LLC |
13D/G
|
22%
|
$881,925,224
6,881,976 shares
|
$0 | 31 Mar 2026 |
| Angie Muhleisen |
13D/G
3/4/5
Muhleisen, Angela L. · 10%+ Owner
|
18%
|
$587,267,382
4,683,900 shares
|
$0 | 30 Sep 2025 |
| UNION BANK & TRUST CO / TRUSTEE |
13D/G
|
7.9%
|
$256,681,447
2,047,228 shares
|
$0 | 30 Sep 2025 |
| MAGNOLIA CAPITAL FUND, LP |
3/4/5
13D/G
Other* · Adam K. Peterson
|
5.9%
from 13D/G
|
$223,176,019
1,678,520 shares
|
— | 30 Mar 2026 |
| VANGUARD GROUP INC |
13D/G
The Vanguard Group
|
5.2%
|
$143,670,790
1,347,756 shares
|
$0 | 31 Dec 2024 |
| Adam K. Peterson |
3/4/5
Other*
|
6.6%
|
$383,602,078
1,678,520 shares
mixed-class rows
|
— | 30 Mar 2026 |
| MAGNOLIA GROUP, LLC |
3/4/5
13F
Other* · Company
|
6.6%
|
$223,176,019
1,678,520 shares
|
— | 30 Mar 2026 |
How to read this table
Rows are grouped by holder and ranked first by SEC-reported ownership % when it is safely comparable, then by disclosed holdings value. — indicates unavailable or non-comparable values; "mixed-class rows" means the latest filing spans non-comparable classes.
Forms 3/4/5 flow
Insider trading overview
Net insider flow leans to selling over the last 12 months. Net value: -$6,107,832.
Buys
$0
Insiders: 0
Sells
$6,107,832
Insiders: 3
Net
-$6,107,832
Shares: -50,525
Window
Last 12 months
4 rolling buckets
Buy value
Sell value
Shares: 0
Shares: 50,525
| Window (months) | Buy shares | Sell shares | Buy value | Sell value | Net value |
|---|---|---|---|---|---|
| 0-3 | 0 | 0 | $0 | $0 | $0 |
| 3-6 | 0 | 0 | $0 | $0 | $0 |
| 6-9 | 0 | 400 | $0 | $51,580 | -$51,580 |
| 9-12 | 0 | 50,125 | $0 | $6,056,252 | -$6,056,252 |
Reporting owners
Insider holders from Forms 3/4/5
Showing 1-20 of 24 reporting-owner rows connected to NELNET INC. Open a relationship link for the CIK-to-CIK filing trail.
Rows
24
Largest Forms 3/4/5 holder
Adam K. Peterson
Net 12M change
-$6,107,832
Latest report
09 Jul 2026
| Name | Relationship | Holdings Value | Past Year Net Change | Change % | Valuation | Report Date |
|---|---|---|---|---|---|---|
| Adam K. Peterson | Other* | $383,602,078 | Mixed | 30 Mar 2026 | ||
| Angie Muhleisen | 10%+ Owner | $310,352,653 | Mixed | 18 Aug 2025 | ||
| MAGNOLIA GROUP, LLC | Other* | $223,176,019 | Mixed | 30 Mar 2026 | ||
| MAGNOLIA CAPITAL FUND, LP | Other* | $223,176,019 | Mixed | 30 Mar 2026 | ||
| Michael S. Dunlap | Executive Chairman of Board, Director, 10%+ Owner | $179,807,339 | Mixed | 01 Dec 2025 | ||
| Jeffrey R. Noordhoek | Chief Executive Officer | $31,353,856 | Mixed | 10 Mar 2026 | ||
| James D. Kruger | Chief Financial Officer | $17,608,744 | Median | 09 Jul 2026 | ||
| Timothy Tewes | President | $12,492,395 | Mixed | 10 Mar 2026 | ||
| Terry J. Heimes | Chief Operating Officer | $12,033,069 | Mixed | 10 Mar 2026 | ||
| Thomas E. Henning | Director | $6,876,806 | -$1,056,219 | -13% | Mixed | 15 Jun 2026 |
| James P. Abel | Former Director | $6,804,224 | Mixed | 17 Mar 2022 | ||
| Kathleen A. Farrell | Director | $6,335,102 | Mixed | 15 Jun 2026 | ||
| Kimberly Kay Rath | Director | $6,027,083 | Mixed | 15 Jun 2026 | ||
| DeeAnn Wenger | Pres, Nelnet Business Services | $4,121,050 | Mixed | 10 Mar 2026 | ||
| David S. Graff | Director | $4,108,665 | Mixed | 15 Jun 2026 | ||
| Joseph Ernest Popevis | President, NDS | $3,351,154 | Mixed | 14 May 2026 | ||
| William R. Cintani | Director | $2,868,540 | Mixed | 21 Jun 2022 | ||
| Preeta D. Bansal | Director | $2,610,537 | Mixed | 15 Jun 2026 | ||
| William J. Munn | Secy/Chief Legal Off/Gen Coun | $2,453,721 | Mixed | 15 Apr 2026 | ||
| Matthew W. Dunlap | President, NFS, Director | $2,199,283 | Mixed | 10 Jun 2026 |
Recent insider transactions for NELNET INC
Showing up to 300 recent insider transactions from the last 12 months.
| Insider | Symbol | Class | Transaction | % | SEC-reported value | SEC-reported price | Shares | Shares owned | Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|---|
| James D. Kruger | NNI | Class A Common Stock | Gift | -50% | -2,500 | 2,500 | 09 Jul 2026 | By Trust | ||
| Preeta D. Bansal | NNI | Class A Common Stock | Award | 8.73% | 1,626 | 20,243 | 15 Jun 2026 | Direct | ||
| Kathleen A. Farrell | NNI | Class A Common Stock | Award | 7.76% | 1,626 | 22,570 | 15 Jun 2026 | Direct | ||
| Jona M. van Deun | NNI | Class A Common Stock | Award | 57.8% | 407 | 1,111 | 15 Jun 2026 | Direct | ||
| Jona M. van Deun | NNI | Phantom Stock | Award | 17% | 1,219 | 8,398 | 15 Jun 2026 | Direct | ||
| Kimberly Kay Rath | NNI | Phantom Stock | Award | 2.41% | 1,535 | 65,229 | 15 Jun 2026 | Direct | ||
| David S. Graff | NNI | Class A Common Stock | Award | 5.06% | 1,535 | 31,860 | 15 Jun 2026 | Direct | ||
| Thomas E. Henning | NNI | Phantom Stock | Award | 3.02% | 1,738 | 59,312 | 15 Jun 2026 | Direct | ||
| Matthew W. Dunlap | NNI | Class A Common Stock | Tax liability | -0.09% | -15 | 17,054 | 10 Jun 2026 | Direct | ||
| James D. Kruger | NNI | Class A Common Stock | Gift | -50% | -5,000 | 5,000 | 30 Apr 2026 | By Trust | ||
| William J. Munn | NNI | Class A Common Stock | Gift | 9.47% | 1,052 | 12,155 | 15 Apr 2026 | By Trust | ||
| William J. Munn | NNI | Class A Common Stock | Gift | -13.3% | -1,052 | 6,872 | 15 Apr 2026 | Direct | ||
| Peterson Adam K | NNI | Class A Common Stock | Options Exercise | 0.57% | 9,544 | 1,678,520 | 30 Mar 2026 | Direct | ||
| Peterson Adam K | NNI | Class A Common Stock | Options Exercise | 0.57% | 9,544 | 1,678,520 | 30 Mar 2026 | Direct | ||
| Adam K. Peterson | NNI | Class A Common Stock | Options Exercise | 0.57% | 9,544 | 1,678,520 | 30 Mar 2026 | Direct | ||
| Peterson Adam K | NNI | Phantom Stock | Conversion of derivative security | 9,544 | 0 | 30 Mar 2026 | Direct | |||
| Peterson Adam K | NNI | Phantom Stock | Conversion of derivative security | 9,544 | 0 | 30 Mar 2026 | Direct | |||
| Adam K. Peterson | NNI | Phantom Stock | Conversion of derivative security | 9,544 | 0 | 30 Mar 2026 | Direct | |||
| William J. Munn | NNI | Class A Common Stock | Award | 182.1% | 5,608 | 8,687 | 10 Mar 2026 | Direct | ||
| William J. Munn | NNI | Class A Common Stock | Tax liability | -28.1% | -1,204 | 3,079 | 10 Mar 2026 | Direct | ||
| Emily Olinger | NNI | Class A Common Stock | Award | 91.1% | 3,990 | 8,368 | 10 Mar 2026 | Direct | ||
| Emily Olinger | NNI | Class A Common Stock | Tax liability | -13.3% | -670 | 4,378 | 10 Mar 2026 | Direct | ||
| James D. Kruger | NNI | Class A Common Stock | Award | 28.4% | 16,183 | 73,080 | 10 Mar 2026 | Direct | ||
| James D. Kruger | NNI | Class A Common Stock | Tax liability | -8.54% | -5,310 | 56,897 | 10 Mar 2026 | Direct | ||
| Terry J. Heimes | NNI | Class A Common Stock | Award | 79.8% | 14,019 | 31,593 | 10 Mar 2026 | Direct | ||
| Terry J. Heimes | NNI | Class A Common Stock | Tax liability | -23.1% | -5,274 | 17,574 | 10 Mar 2026 | Direct | ||
| DeeAnn Wenger | NNI | Class A Common Stock | Award | 23% | 5,928 | 31,661 | 10 Mar 2026 | Direct | ||
| DeeAnn Wenger | NNI | Class A Common Stock | Tax liability | -4.73% | -1,278 | 25,733 | 10 Mar 2026 | Direct | ||
| Timothy Tewes | NNI | Class A Common Stock | Award | 19.8% | 16,183 | 97,748 | 10 Mar 2026 | Direct | ||
| Timothy Tewes | NNI | Class A Common Stock | Tax liability | -6.11% | -5,307 | 81,565 | 10 Mar 2026 | Direct | ||
| Matthew W. Dunlap | NNI | Class A Common Stock | Award | 28.3% | 3,764 | 17,069 | 10 Mar 2026 | Direct | ||
| Matthew W. Dunlap | NNI | Class A Common Stock | Tax liability | -0.72% | -97 | 13,305 | 10 Mar 2026 | Direct | ||
| Jeffrey R. Noordhoek | NNI | Class A Common Stock | Award | 7.38% | 7,527 | 109,583 | 10 Mar 2026 | Direct | ||
| Jeffrey R. Noordhoek | NNI | Class A Common Stock | Tax liability | -2.32% | -2,422 | 102,056 | 10 Mar 2026 | Direct | ||
| Jona M. van Deun | NNI | Class A Common Stock | Sale | -36.2% | $51,580 | $128.95 | -400 | 704 | 09 Dec 2025 | Direct |
| Matthew W. Dunlap | NNI | Class B Common Stock | Gift | 38.7% | 63,126 | 226,197 | 01 Dec 2025 | Direct | ||
| Michael S. Dunlap | NNI | Class B Common Stock | Gift | 505,006 | 168,119 | 01 Dec 2025 | By trust | |||
| Michael S. Dunlap | NNI | Class B Common Stock | Gift | -100% | -568,132 | 0 | 01 Dec 2025 | By GRAT | ||
| Michael S. Dunlap | NNI | Class A Common Stock | Gift | -2.47% | -35,000 | 1,382,982 | 19 Nov 2025 | Direct | ||
| Thomas E. Henning | NNI | Class A Common Stock | Sale | -100% | $399,755 | $128.87 | -3,102 | 0 | 05 Sep 2025 | By Spouse |
| Thomas E. Henning | NNI | Class A Common Stock | Sale | -31.5% | $656,464 | $128.87 | -5,094 | 11,058 | 05 Sep 2025 | Direct |
| Shelby J. Butterfield | NNI | Class A Common Stock | Sale | -98.8% | $5,000,033 | $119.25 | -41,929 | 510 | 25 Aug 2025 | By Butterfield GST Non-Exempt Marital Trust |
| Shelby J. Butterfield | NNI | Class A Common Stock | Conversion of derivative security | 8221.4% | 41,929 | 42,439 | 25 Aug 2025 | By Butterfield GST Non-Exempt Marital Trust | ||
| Shelby J. Butterfield | NNI | Class B Common Stock | Conversion of derivative security | -19% | -41,929 | 178,953 | 25 Aug 2025 | By Butterfield GST Non-Exempt Marital Trust | ||
| Angie Muhleisen | NNI | Class A Common Stock | Gift | -0.53% | -11,699 | 2,191,180 | 18 Aug 2025 | Direct |
* marks a reported price that did not pass the local price check.