As of November 10, 2026, Nelnet Inc. is a publicly traded company (NYSE: NNI). The largest holder reporting an active stake on Schedule 13D is Michael S. Dunlap, the chairman and a director, at 37.8%. No bankruptcy or receivership appears in its SEC Form 8-K filings (Schedule 13D/A, November 13, 2025).
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Is Nelnet Inc. a real, registered company?
- Nelnet, Inc. files with the SEC under CIK 1258602 (its SEC filings).
- Its shares are listed under the ticker NNI on NYSE (SEC company record).
- Incorporated in Nebraska; business address in Lincoln, Nebraska, as its SEC filings state.
- Court and bankruptcy records: see Before you sign or pay below.
Before you sign or pay
- Court and bankruptcy: No federal court case or bankruptcy filing found under NELNET, INC. in our court records and SEC 8-K records (as of 2026-11-10).
- Leadership changes: the latest reported is Angela Klein, Director (Form 8-K filed 2026-09-16). Check you are dealing with the people now in charge.
- Ownership: 5%+ holders are reported on Schedule 13D or 13G; the latest names Magnolia Capital Fund, LP (filed 2026-06-05).
Who are Nelnet Inc.'s owners and officers?
Nelnet Inc.: incorporated in Nebraska; business address in Lincoln, Nebraska; industry Personal Credit Institutions (Form D, 2026-09-16).
| Report | Holder | Share |
|---|---|---|
| Schedule 13G, 2026-06-05 | Magnolia Capital Fund, LP | 5.9% |
| Schedule 13D/A, 2026-06-05 | Magnolia Capital Fund, LP | 5.9% |
| Schedule 13G/A, 2026-05-13 | Whitetail Rock Capital Management, LLC | 21.6% |
| Schedule 13G/A, 2026-03-27 | The Vanguard Group | 0% |
| Schedule 13G/A, 2025-11-13 | Muhleisen, Angela L. | 18.1% |
| Schedule 13G/A, 2025-11-13 | Union Bank & Trust Co / Trustee | 7.9% |
| Schedule 13D/A, 2025-11-13 | Dunlap, Michael S. | 37.8% |
Questions about who owns Nelnet Inc.
Who owns Nelnet Inc.?
On this page, 5 holders' latest ownership filings report 5% or more of Nelnet Inc.: Dunlap, Michael S. (37.8%, Schedule 13D/A, filed 2025-11-13), Whitetail Rock Capital Management, LLC (21.6%, Schedule 13G/A, filed 2026-05-13), Muhleisen, Angela L. (18.1%, Schedule 13G/A, filed 2025-11-13), Union Bank & Trust Co / Trustee (7.9%, Schedule 13G/A, filed 2025-11-13) and Magnolia Capital Fund, LP (5.9%, Schedule 13G, filed 2026-06-05).
Who are the largest shareholders of Nelnet Inc.?
By the share each holder's latest filing reports, the largest holders of Nelnet Inc. on this page are Dunlap, Michael S. (37.8%), Whitetail Rock Capital Management, LLC (21.6%) and Muhleisen, Angela L. (18.1%).
When did Dunlap, Michael S. buy into Nelnet Inc.?
The filings give report dates, not purchase dates. The earliest filing from Dunlap, Michael S. on this page is the Schedule 13D/A, filed 2025-11-13, reporting 37.8%. That earliest filing is itself an amendment, which updates an earlier report.
Is this an audit or a full list?
Neither. The ownership list on this page covers only Schedule 13D and 13G filings, which holders make once they own 5% or more of a class of shares (an amendment can report a stake that has since fallen below 5%); 7 such filings are shown here. It is not an audit and not a full cap table: holders who never reached 5% are not listed, and a stake can change after its latest filing.
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| Filed | Person | Role | Change | Effective |
|---|---|---|---|---|
| Form 8-K, 2026-09-16 | Angela Klein | Director | appointed | |
| Form 8-K, 2026-09-16 | Edward Pallesen | appointed |
Which insiders own Nelnet Inc. shares?
Directors, officers and holders of 10% or more report their shares on Forms 3, 4 and 5. Each line is the latest such report, largest holding first.
- , the chairman and a director: 4,018,462 shares, held indirectly through By Dunlap Holdings, LLC (Form 4, 2025-12-03).
- , a 10% owner: 2,594,488 shares, 2,191,180 held directly and 403,308 indirectly (Form 4, 2025-08-20).
- Magnolia Group, LLC: 1,678,520 shares, on a joint filing (Form 4, 2026-04-27).
- Magnolia Capital Fund, LP: 1,678,520 shares, on a joint filing (Form 4, 2026-04-27).
- Adam K. Peterson: 1,678,520 shares, on a joint filing (Form 4, 2026-04-27).
Shares only: the company's cover page does not give one share count for a single class, so no percentage is worked out.
How much has Nelnet Inc. raised?
No fundraising or offering filing from Nelnet Inc. is on file with us.
Keep reading
More on Nelnet Inc. and the records around it.
Nelnet Inc. elsewhere on the record
- Leadership changes Sep 2026
- 5%+ stake filings Jun 2026
Companies that share a holder
- Magnolia Capital Fund, LP also filed stake reports on 5 other companies: Boston Omaha Corporation (Sep 2026), America's Car-Mart Inc. (Sep 2026), Pure Cycle Corporation (Aug 2026)
- The Vanguard Group also filed stake reports on 2384 other companies: BellRing Brands, Inc. (Sep 2026), CAL-MAINE FOODS INC (Sep 2026), FTAI Aviation Ltd. (Sep 2026)
Related pages
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