NELNET INC

Ticker: NNI CUSIP: 64031N108 Class: Common Stock

Arizona State Retirement System's Holding History (CIK: 0001558481)

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

Q4 2025

Shares 3,910 Value ($000) $520 Avg Close $130.83 Range $121.27 - $140.87

Q3 2025

Shares 4,182 Value ($000) $524 Avg Close $125.09 Range $117.92 - $136.17

Q2 2025

Shares 4,125 Value ($000) $500 Avg Close $111.69 Range $98.15 - $121.82

Q1 2025

Shares 4,043 Value ($000) $448 Avg Close $111.95 Range $101.88 - $122.91

Q4 2024

Shares 4,084 Value ($000) $436 Avg Close $110.54 Range $103.62 - $127.32

Q3 2024

Shares 4,071 Value ($000) $461 Avg Close $109.79 Range $100.35 - $116.13

Q2 2024

Shares 4,031 Value ($000) $407 Avg Close $99.45 Range $92.24 - $110.70

Q1 2024

Shares 4,395 Value ($000) $416 Avg Close $87.89 Range $82.22 - $94.71

Q4 2023

Shares 4,470 Value ($000) $394 Avg Close $86.55 Range $81.67 - $90.58

Q3 2023

Shares 4,168 Value ($000) $372 Avg Close $94.39 Range $88.59 - $100.59

Q2 2023

Shares 4,113 Value ($000) $397 Avg Close $94.99 Range $89.57 - $101.60

Q1 2023

Shares 4,213 Value ($000) $387 Avg Close $92.66 Range $87.01 - $97.02

Q4 2022

Shares 4,119 Value ($000) $374 Avg Close $90.69 Range $79.40 - $99.49

Q3 2022

Shares 4,035 Value ($000) $320 Avg Close $87.00 Range $78.41 - $96.51

Q2 2022

Shares 4,108 Value ($000) $350 Avg Close $83.06 Range $72.94 - $87.52

Q1 2022

Shares 4,470 Value ($000) $380 Avg Close $86.11 Range $78.50 - $98.67

Q4 2021

Shares 4,457 Value ($000) $435 Avg Close $88.49 Range $79.74 - $99.79

Q3 2021

Shares 4,473 Value ($000) $354 Avg Close $77.33 Range $72.00 - $81.64

Q2 2021

Shares 4,436 Value ($000) $334 Avg Close $75.15 Range $71.70 - $79.21

Q1 2021

Shares 5,536 Value ($000) $403 Avg Close $72.45 Range $67.93 - $78.36

Q4 2020

Shares 5,512 Value ($000) $393 Avg Close $67.60 Range $59.19 - $73.92

Q3 2020

Shares 5,893 Value ($000) $355 Avg Close $61.19 Range $48.00 - $66.79

Q2 2020

Shares 4,490 Value ($000) $214 Avg Close $46.79 Range $39.01 - $54.34

Q1 2020

Shares 4,670 Value ($000) $212 Avg Close $53.86 Range $36.70 - $61.04

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	3,910	$520	$130.83	$121.27 - $140.87
Q3 2025	4,182	$524	$125.09	$117.92 - $136.17
Q2 2025	4,125	$500	$111.69	$98.15 - $121.82
Q1 2025	4,043	$448	$111.95	$101.88 - $122.91
Q4 2024	4,084	$436	$110.54	$103.62 - $127.32
Q3 2024	4,071	$461	$109.79	$100.35 - $116.13
Q2 2024	4,031	$407	$99.45	$92.24 - $110.70
Q1 2024	4,395	$416	$87.89	$82.22 - $94.71
Q4 2023	4,470	$394	$86.55	$81.67 - $90.58
Q3 2023	4,168	$372	$94.39	$88.59 - $100.59
Q2 2023	4,113	$397	$94.99	$89.57 - $101.60
Q1 2023	4,213	$387	$92.66	$87.01 - $97.02
Q4 2022	4,119	$374	$90.69	$79.40 - $99.49
Q3 2022	4,035	$320	$87.00	$78.41 - $96.51
Q2 2022	4,108	$350	$83.06	$72.94 - $87.52
Q1 2022	4,470	$380	$86.11	$78.50 - $98.67
Q4 2021	4,457	$435	$88.49	$79.74 - $99.79
Q3 2021	4,473	$354	$77.33	$72.00 - $81.64
Q2 2021	4,436	$334	$75.15	$71.70 - $79.21
Q1 2021	5,536	$403	$72.45	$67.93 - $78.36
Q4 2020	5,512	$393	$67.60	$59.19 - $73.92
Q3 2020	5,893	$355	$61.19	$48.00 - $66.79
Q2 2020	4,490	$214	$46.79	$39.01 - $54.34
Q1 2020	4,670	$212	$53.86	$36.70 - $61.04