Nelnet, Inc. has 7 Schedule 13D or 13G filings on record since 2025-11-13. 5 holders' latest filing reports 5% or more of class a common stock, par value $0.01 per share. Each figure below is the holder's own, as filed, with the filing linked.
Holders
| Holder | Percent | Shares | Latest | Event date |
|---|---|---|---|---|
| Dunlap, Michael S. | 37.8% | 13,387,235 | SCHEDULE 13D/A, 2025-11-13 | 2025-11-10 |
| Whitetail Rock Capital Management, LLC | 21.6% | 6,881,976 | SCHEDULE 13G/A, 2026-05-13 | 2026-03-31 |
| Muhleisen, Angela L. | 18.1% | 4,683,900 | SCHEDULE 13G/A, 2025-11-13 | 2025-09-30 |
| Union Bank & Trust Co / Trustee | 7.9% | 2,047,228 | SCHEDULE 13G/A, 2025-11-13 | 2025-09-30 |
| Magnolia Capital Fund, LP | 5.9% | 1,493,149 | SCHEDULE 13D/A, 2026-06-05 | 2026-05-14 |
| The Vanguard Group | 0% | 0 | SCHEDULE 13G/A, 2026-03-27 | 2026-03-13 |
Purpose of Transaction (Item 4)
Magnolia Capital Fund, LP
This Schedule 13D amendment is being jointly filed to report that, in partial satisfaction of certain withdrawal requests, effective May 13 and May 14, 2026, MCF distributed in-kind, to withdrawing limited partners 76,401 and 99,426 shares, respectively, of the Issuer's Common Stock. As a result of the distributions: (1) MCF is no longer deemed a beneficial owner of such distributed shares and, accordingly, the number of shares reported by MCF is decreased by 175,827 (with a corresponding decrease in the number of shares beneficially owned by TMG, as the general partner of MCF, and Adam Peterson, as the managing member of TMG). Although Reporting Persons have no specific plan or proposal to acquire additional Common Stock or dispose of the Common Stock, Reporting Persons at any time and from time to time may acquire additional Common Stock or dispose of any or all of its Common Stock depending upon on ongoing evaluation of the investment in the Common Stock, prevailing market conditions, other investment opportunities, liquidity requirements of the Reporting Person and/or other investment considerations. On March 23, 2026, Adam Peterson notified Nelnet, Inc. of his resignation from the Board of Directors effective immediately. As a result of Mr. Peterson's resignation and the noted distributions herein, the Reporting Persons requirement to maintain a Schedule 13D have ceased.Item 4 of the SCHEDULE 13D/A filed 2026-06-05
Timeline
| Filed | Holder | Percent | Filing |
|---|---|---|---|
| 2025-11-13 | Union Bank & Trust Co / Trustee | 7.9% | SCHEDULE 13G/A |
| 2025-11-13 | Muhleisen, Angela L. | 18.1% | SCHEDULE 13G/A |
| 2025-11-13 | Dunlap, Michael S. | 37.8% | SCHEDULE 13D/A |
| 2026-03-27 | The Vanguard Group | 0% | SCHEDULE 13G/A |
| 2026-05-13 | Whitetail Rock Capital Management, LLC | 21.6% | SCHEDULE 13G/A |
| 2026-06-05 | Magnolia Capital Fund, LP | 5.9% | SCHEDULE 13G |
| 2026-06-05 | Magnolia Capital Fund, LP | 5.9% | SCHEDULE 13D/A |
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Where this comes from
Anyone who comes to own more than 5% of a class of a listed company's voting shares has to tell the SEC. A holder who may seek to change or influence the company files Schedule 13D, and has to say in Item 4, "Purpose of Transaction", what it intends to do. A holder with no such intent, such as many index and passive funds, may file the shorter Schedule 13G. Both are amended when the stake changes, including when it falls below 5%.
Every row here is one of those filings, linked to the filing itself. Percentages and share counts are exactly as the holder filed them, for the holder the filing names; an amendment showing a lower figure is shown as filed. Item 4 text is quoted word for word. Where a 13D's Item 4 contains a sentence stating a definite intent to influence the company, that sentence is marked and quoted; the page does not describe the holder or its motives beyond the words it filed. Nothing here is investment advice.