NELNET INC

Ticker: NNI CUSIP: 64031N108 Class: Common Stock

Ground Swell Capital, LLC's Holding History (CIK: 0001534450)

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

Q3 2014

Shares 200 Value ($000) $9 Avg Close $42.91 Range $40.16 - $45.91

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	200	$9	$42.91	$40.16 - $45.91