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Nelnet Inc (NNI)

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Institutional Investors' Holdings

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No.	Name	Shares	Value	% Port
1.	Farmers & Merchants Investments Inc	1,204,798	$133,648,242	4.25%
2.	Blackrock, Inc.	1,148,040	$127,352,076	0%
3.	General American Investors Co Inc	243,415	$27,002,026	1.97%
4.	Charter Trust Co	109,231	$12,116,995	0.8%
5.	Lawson Kroeker Investment Management Inc	101,138	$11,219,238	2.07%