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Compiled from SEC Form N-PX filings and Nelnet, Inc.’s Form 8-K, filed 2026-05-18 (Item 5.07 on EDGAR). Page generated 02 October 2026.
Explore Nelnet, Inc. in the interactive database Compare manager voting policies
These tallies are Nelnet, Inc.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed 2026-05-18 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.
| Ballot item | For | Against | Abstain | Withheld | Broker non-votes | Outcome |
|---|---|---|---|---|---|---|
| Elect Director: Kathleen A. Farrell | 119,552,837 | 4,143,228 | 6,492 | -- | 1,665,285 | Majority: yes |
| Elect Director: David S. Graff | 123,079,587 | 615,710 | 7,260 | -- | 1,665,285 | Majority: yes |
| Elect Director: Thomas E. Henning | 123,276,581 | 418,684 | 7,292 | -- | 1,665,285 | Majority: yes |
| Proposal 2: Ratification of the appointment of KPMG LLP | 125,269,425 | 79,209 | 19,208 | -- | -- | Majority: yes |
| Proposal 3: Approval of amendments to the Directors Stock Compensation Plan | 123,605,335 | 67,904 | 29,318 | -- | 1,665,285 | Majority: yes |
| Proposal 4: Advisory vote on executive compensation | 123,485,112 | 184,566 | 32,879 | -- | 1,665,285 | Majority: yes |
Source: Nelnet, Inc., Form 8-K, filed with the SEC on 2026-05-18 — read the filing on EDGAR.
Each item below shows how the 237 asset managers that disclosed a Nelnet, Inc. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report.
Combines 8 wordings of this item as funds reported it.
99.8% Majority: yes · of votes cast
Nelnet, Inc.’s own tally for this item (“Proposal 4: Advisory vote on executive compensation”): 123,485,112 for, 184,566 against, per its Form 8-K filed 2026-05-18 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.
The 235 asset managers below cast 98% of the shares they voted on this item FOR (10,418,667 for, 161,959 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| MAGNOLIA GROUP, LLC | 1,668,976 | 0 | 0 | 0 | For |
| UNION BANK & TRUST CO /NE/ | 1,573,666 | 0 | 0 | 0 | For |
| Vanguard | 1,357,407 | 0 | 0 | 0 | For |
| BlackRock | 904,355 | 8,616 | 0 | 0 | For |
| American Century | 649,392 | 0 | 0 | 0 | For |
| Dimensional | 600,102 | 0 | 0 | 0 | For |
| GEODE CAPITAL MANAGEMENT, LLC | 343,530 | 0 | 0 | 0 | For |
| Charles Schwab | 323,881 | 0 | 0 | 0 | For |
| Fidelity | 300,978 | 0 | 0 | 0 | For |
| State Street | 259,337 | 473 | 0 | 0 | For |
| GENERAL AMERICAN INVESTORS CO INC | 239,026 | 0 | 0 | 0 | For |
| First Pacific Advisors, LP | 213,043 | 0 | 0 | 0 | For |
| Investment Managers Series Trust III | 213,043 | 0 | 0 | 0 | For |
| Empyrean Capital Partners, LP | 164,239 | 0 | 0 | 0 | For |
| Northern Trust | 154,358 | 0 | 0 | 0 | For |
| Sycale Advisors (NY) LLC | 141,221 | 0 | 0 | 0 | For |
| QVT Financial LP | 126,964 | 0 | 0 | 0 | For |
| BAR HARBOR WEALTH MANAGEMENT | 108,696 | 0 | 0 | 0 | For |
| Crawford Fund Management, LLC | 67,716 | 0 | 0 | 0 | For |
| LAWSON KROEKER INVESTMENT MANAGEMENT INC/NE | 65,867 | 0 | 0 | 0 | For |
| Bandera Partners LLC | 60,059 | 0 | 0 | 0 | For |
| MELLON INVESTMENTS Corp | 0 | 48,526 | 0 | 0 | Against |
| SEI | 37,919 | 3,800 | 0 | 0 | For |
| WisdomTree | 0 | 40,348 | 0 | 0 | Against |
| HighTower Advisors, LLC | 37,986 | 0 | 0 | 0 | For |
Showing the 25 largest of 235 asset managers. See all 235 in the interactive database.
Combines 4 wordings of this item as funds reported it.
99.9% Majority: yes · of votes cast
Nelnet, Inc.’s own tally for this item (“Proposal 3: Approval of amendments to the Directors Stock Compensation Plan”): 123,605,335 for, 67,904 against, per its Form 8-K filed 2026-05-18 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.
The 73 asset managers below cast 100% of the shares they voted on this item FOR (3,782,610 for, 0 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 1,247,736 | 0 | 0 | 0 | For |
| BlackRock | 454,120 | 0 | 0 | 0 | For |
| Dimensional | 432,930 | 0 | 0 | 0 | For |
| American Century | 318,439 | 0 | 0 | 0 | For |
| Fidelity | 299,478 | 0 | 0 | 0 | For |
| GENERAL AMERICAN INVESTORS CO INC | 239,026 | 0 | 0 | 0 | For |
| Investment Managers Series Trust III | 213,043 | 0 | 0 | 0 | For |
| Charles Schwab | 161,760 | 0 | 0 | 0 | For |
| Northern Trust | 47,376 | 0 | 0 | 0 | For |
| WisdomTree | 40,348 | 0 | 0 | 0 | For |
| Equitable | 30,481 | 0 | 0 | 0 | For |
| TIAA | 26,926 | 0 | 0 | 0 | For |
| First Trust | 24,181 | 0 | 0 | 0 | For |
| AMERICAN BEACON FUNDS | 21,570 | 0 | 0 | 0 | For |
| JAMES ADVANTAGE FUNDS | 20,646 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 18,219 | 0 | 0 | 0 | For |
| SEI | 14,379 | 0 | 0 | 0 | For |
| State Street | 12,156 | 0 | 0 | 0 | For |
| Lincoln Financial | 11,831 | 0 | 0 | 0 | For |
| Invesco | 10,963 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 10,042 | 0 | 0 | 0 | For |
| John Hancock | 10,015 | 0 | 0 | 0 | For |
| Pacific Life | 9,735 | 0 | 0 | 0 | For |
| Jackson National | 9,428 | 0 | 0 | 0 | For |
| Global X | 8,525 | 0 | 0 | 0 | For |
Showing the 25 largest of 73 asset managers. See all 73 in the interactive database.
Combines 4 wordings of this item as funds reported it.
97% Majority: yes · of votes cast
Nelnet, Inc.’s own tally for this item (“Elect Director: Kathleen A. Farrell”): 119,552,837 for, 4,143,228 against, per its Form 8-K filed 2026-05-18 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.
The 68 asset managers below cast 60% of the shares they voted on this item FOR (2,258,736 for, 1,514,648 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 1,246,003 | 1,732 | 0 | 0 | For |
| BlackRock | 454,120 | 0 | 0 | 0 | For |
| Dimensional | 0 | 432,930 | 0 | 0 | Against |
| American Century | 0 | 318,439 | 0 | 0 | Against |
| Fidelity | 3,760 | 295,718 | 0 | 0 | Against |
| GENERAL AMERICAN INVESTORS CO INC | 239,026 | 0 | 0 | 0 | For |
| Investment Managers Series Trust III | 213,043 | 0 | 0 | 0 | For |
| Charles Schwab | 0 | 161,760 | 0 | 0 | Against |
| Northern Trust | 0 | 47,376 | 0 | 0 | Against |
| WisdomTree | 0 | 40,348 | 0 | 0 | Against |
| Equitable | 18,374 | 12,107 | 0 | 0 | For |
| TIAA | 0 | 26,926 | 0 | 0 | Against |
| First Trust | 0 | 24,181 | 0 | 0 | Against |
| AMERICAN BEACON FUNDS | 0 | 21,570 | 0 | 0 | Against |
| JAMES ADVANTAGE FUNDS | 0 | 20,646 | 0 | 0 | Against |
| QUANTITATIVE MASTER SERIES LLC | 18,219 | 0 | 0 | 0 | For |
| SEI | 0 | 14,379 | 0 | 0 | Against |
| State Street | 36 | 12,120 | 0 | 0 | Against |
| Lincoln Financial | 0 | 11,831 | 0 | 0 | Against |
| Invesco | 10,963 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 5,753 | 4,289 | 0 | 0 | For |
| John Hancock | 0 | 10,015 | 0 | 0 | Against |
| Pacific Life | 5,048 | 4,687 | 0 | 0 | For |
| Jackson National | 0 | 9,428 | 0 | 0 | Against |
| Global X | 0 | 8,525 | 0 | 0 | Against |
Showing the 25 largest of 68 asset managers. See all 68 in the interactive database.
Combines 4 wordings of this item as funds reported it.
99.5% Majority: yes · of votes cast
Nelnet, Inc.’s own tally for this item (“Elect Director: David S. Graff”): 123,079,587 for, 615,710 against, per its Form 8-K filed 2026-05-18 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.
The 68 asset managers below cast 95% of the shares they voted on this item FOR (3,567,693 for, 205,690 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 1,246,811 | 924 | 0 | 0 | For |
| BlackRock | 454,120 | 0 | 0 | 0 | For |
| Dimensional | 432,930 | 0 | 0 | 0 | For |
| American Century | 318,439 | 0 | 0 | 0 | For |
| Fidelity | 299,478 | 0 | 0 | 0 | For |
| GENERAL AMERICAN INVESTORS CO INC | 239,026 | 0 | 0 | 0 | For |
| Investment Managers Series Trust III | 213,043 | 0 | 0 | 0 | For |
| Charles Schwab | 0 | 161,760 | 0 | 0 | Against |
| Northern Trust | 47,376 | 0 | 0 | 0 | For |
| WisdomTree | 40,348 | 0 | 0 | 0 | For |
| Equitable | 18,374 | 12,107 | 0 | 0 | For |
| TIAA | 26,926 | 0 | 0 | 0 | For |
| First Trust | 24,181 | 0 | 0 | 0 | For |
| AMERICAN BEACON FUNDS | 21,570 | 0 | 0 | 0 | For |
| JAMES ADVANTAGE FUNDS | 20,646 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 18,219 | 0 | 0 | 0 | For |
| SEI | 0 | 14,379 | 0 | 0 | Against |
| State Street | 12,151 | 5 | 0 | 0 | For |
| Lincoln Financial | 11,831 | 0 | 0 | 0 | For |
| Invesco | 10,963 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 10,042 | 0 | 0 | 0 | For |
| John Hancock | 10,015 | 0 | 0 | 0 | For |
| Pacific Life | 9,735 | 0 | 0 | 0 | For |
| Jackson National | 9,428 | 0 | 0 | 0 | For |
| Global X | 0 | 8,525 | 0 | 0 | Against |
Showing the 25 largest of 68 asset managers. See all 68 in the interactive database.
Combines 4 wordings of this item as funds reported it.
99.6% Majority: yes · of votes cast
Nelnet, Inc.’s own tally for this item (“Elect Director: Thomas E. Henning”): 123,276,581 for, 418,684 against, per its Form 8-K filed 2026-05-18 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.
The 68 asset managers below cast 99% of the shares they voted on this item FOR (3,735,317 for, 38,066 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 1,246,811 | 924 | 0 | 0 | For |
| BlackRock | 454,120 | 0 | 0 | 0 | For |
| Dimensional | 432,930 | 0 | 0 | 0 | For |
| American Century | 318,439 | 0 | 0 | 0 | For |
| Fidelity | 299,478 | 0 | 0 | 0 | For |
| GENERAL AMERICAN INVESTORS CO INC | 239,026 | 0 | 0 | 0 | For |
| Investment Managers Series Trust III | 213,043 | 0 | 0 | 0 | For |
| Charles Schwab | 161,760 | 0 | 0 | 0 | For |
| Northern Trust | 47,376 | 0 | 0 | 0 | For |
| WisdomTree | 40,348 | 0 | 0 | 0 | For |
| Equitable | 18,374 | 12,107 | 0 | 0 | For |
| TIAA | 26,926 | 0 | 0 | 0 | For |
| First Trust | 24,181 | 0 | 0 | 0 | For |
| AMERICAN BEACON FUNDS | 21,570 | 0 | 0 | 0 | For |
| JAMES ADVANTAGE FUNDS | 20,646 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 18,219 | 0 | 0 | 0 | For |
| SEI | 14,379 | 0 | 0 | 0 | For |
| State Street | 65 | 12,091 | 0 | 0 | Against |
| Lincoln Financial | 4,193 | 7,638 | 0 | 0 | Against |
| Invesco | 10,963 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 10,042 | 0 | 0 | 0 | For |
| John Hancock | 10,015 | 0 | 0 | 0 | For |
| Pacific Life | 9,735 | 0 | 0 | 0 | For |
| Jackson National | 9,428 | 0 | 0 | 0 | For |
| Global X | 8,525 | 0 | 0 | 0 | For |
Showing the 25 largest of 68 asset managers. See all 68 in the interactive database.
Combines 2 wordings of this item as funds reported it.
99.9% Majority: yes · of votes cast
Nelnet, Inc.’s own tally for this item (“Proposal 2: Ratification of the appointment of KPMG LLP”): 125,269,425 for, 79,209 against, per its Form 8-K filed 2026-05-18 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.
The 68 asset managers below cast 99.9% of the shares they voted on this item FOR (3,770,488 for, 2,896 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 1,246,813 | 922 | 0 | 0 | For |
| BlackRock | 454,120 | 0 | 0 | 0 | For |
| Dimensional | 432,930 | 0 | 0 | 0 | For |
| American Century | 318,439 | 0 | 0 | 0 | For |
| Fidelity | 299,478 | 0 | 0 | 0 | For |
| GENERAL AMERICAN INVESTORS CO INC | 239,026 | 0 | 0 | 0 | For |
| Investment Managers Series Trust III | 213,043 | 0 | 0 | 0 | For |
| Charles Schwab | 161,760 | 0 | 0 | 0 | For |
| Northern Trust | 47,376 | 0 | 0 | 0 | For |
| WisdomTree | 40,348 | 0 | 0 | 0 | For |
| Equitable | 30,481 | 0 | 0 | 0 | For |
| TIAA | 26,926 | 0 | 0 | 0 | For |
| First Trust | 24,181 | 0 | 0 | 0 | For |
| AMERICAN BEACON FUNDS | 21,570 | 0 | 0 | 0 | For |
| JAMES ADVANTAGE FUNDS | 20,646 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 18,219 | 0 | 0 | 0 | For |
| SEI | 12,479 | 1,900 | 0 | 0 | For |
| State Street | 12,154 | 2 | 0 | 0 | For |
| Lincoln Financial | 11,831 | 0 | 0 | 0 | For |
| Invesco | 10,963 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 10,042 | 0 | 0 | 0 | For |
| John Hancock | 10,015 | 0 | 0 | 0 | For |
| Pacific Life | 9,735 | 0 | 0 | 0 | For |
| Jackson National | 9,428 | 0 | 0 | 0 | For |
| Global X | 8,525 | 0 | 0 | 0 | For |
Showing the 25 largest of 68 asset managers. See all 68 in the interactive database.
Ranked by the number of Nelnet, Inc. shares each manager voted on the most widely held ballot item of the 2025-2026 meeting, shown as a share of the 36,076,912 shares outstanding at the time of that meeting.
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | MAGNOLIA GROUP, LLC | 4.63% |
| 2 | UNION BANK & TRUST CO /NE/ | 4.36% |
| 3 | Vanguard | 3.76% |
| 4 | BlackRock | 2.53% |
| 5 | American Century | 1.80% |
| 6 | Dimensional | 1.66% |
| 7 | GEODE CAPITAL MANAGEMENT, LLC | 0.95% |
| 8 | Charles Schwab | 0.90% |
| 9 | Fidelity | 0.83% |
| 10 | State Street | 0.72% |
Positions disclosed to the SEC on Schedules 13D and 13G, Form 13F and the company’s own proxy statement (DEF 14A).
| Holder | % outstanding | Disclosure |
|---|---|---|
| Whitetail Rock Capital Management, LLC | 19.08% | 13G |
| Angela L. Muhleisen | 11.37% | DEF14A |
| Michael S. Dunlap | 9.01% | DEF14A |
| Dimensional Fund Advisors LP | 5.76% | DEF14A |
| Deborah Bartels | 4.97% | DEF14A |
| Dunlap Holdings, LLC | 4.43% | DEF14A |
| Union Financial Services, Inc. | 4.40% | DEF14A |
| Magnolia Capital Fund, LP | 4.14% | 13G |
| Union Bank and Trust Company | 4.06% | DEF14A |
| The Vanguard Group | 3.74% | DEF14A |
Percentages above are of 36,076,912 shares outstanding, as reported by Nelnet, Inc. on its Form 10-Q dated 2026-03-31 (see the filing on EDGAR). This is the count contemporaneous with the 2025-2026 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.
Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from Nelnet, Inc.’s 10-Q dated 2026-03-31. This page is a static snapshot rebuilt weekly on 02 October 2026; a live search always shows the current data.
At Nelnet, Inc.'s shareholder meeting held 2026-05-14, in the 2025-2026 proxy season, 237 asset managers reported how they voted on 6 ballot items in their SEC Form N-PX filings, covering 1,483 separate fund positions. On the most widely held item on that ballot — Advisory approval of the Company's executive compensation. — FOR was 99.8% of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side), which is more than half. Whether the item was approved is for the filing to say; that statement has not been read for this item. Source: Nelnet, Inc.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on 2026-05-18.
Nelnet, Inc. proxy season coverage: 2023-2024 · 2024-2025 · 2025-2026 (this page).