NELNET INC

Ticker: NNI CUSIP: 64031N108 Class: Common Stock

Cavalier Investments, LLC's Holding History (CIK: 0001655543)

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

Q4 2018

Shares 6,071 Value ($000) $318 Avg Close $53.85 Range $47.59 - $58.47

Q3 2018

Shares 6,071 Value ($000) $347 Avg Close $58.54 Range $55.19 - $62.40

Q2 2018

Shares 6,071 Value ($000) $354 Avg Close $57.79 Range $50.32 - $64.00

Q1 2018

Shares 5,396 Value ($000) $283 Avg Close $53.02 Range $48.30 - $57.93

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2018	6,071	$318	$53.85	$47.59 - $58.47
Q3 2018	6,071	$347	$58.54	$55.19 - $62.40
Q2 2018	6,071	$354	$57.79	$50.32 - $64.00
Q1 2018	5,396	$283	$53.02	$48.30 - $57.93