NELNET INC

Ticker: NNI CUSIP: 64031N108 Class: Common Stock

LEUTHOLD GROUP, LLC's Holding History (CIK: 0001170152)

Note: Option positions (PUT/CALL) are excluded.

Q3 2019

Shares 5,371 Value ($000) $342 Avg Close $64.11 Range $57.89 - $69.97

Q2 2019

Shares 5,646 Value ($000) $334 Avg Close $58.71 Range $55.17 - $63.97

Q1 2019

Shares 6,667 Value ($000) $367 Avg Close $53.73 Range $51.19 - $56.49

Q4 2018

Shares 7,063 Value ($000) $370 Avg Close $53.85 Range $47.59 - $58.47

Q3 2018

Shares 7,676 Value ($000) $439 Avg Close $58.54 Range $55.19 - $62.40

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2019	5,371	$342	$64.11	$57.89 - $69.97
Q2 2019	5,646	$334	$58.71	$55.17 - $63.97
Q1 2019	6,667	$367	$53.73	$51.19 - $56.49
Q4 2018	7,063	$370	$53.85	$47.59 - $58.47
Q3 2018	7,676	$439	$58.54	$55.19 - $62.40