Dark Forest Capital Management’s Nicolet Bankshares NIC Stock Holding History

Dark Forest Capital Management’s Portfolio NIC Stock Details NIC Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$5.97M	Buy	40,155 +36,568	+1,019%	+$5.31M	0.53%	27
2025 Q4	$435K	Sell	3,587 -3,212	-47%	-$406K	0.02%	836
2025 Q3	$914K	Buy	6,799 +3,579	+111%	+$475K	0.03%	774
2025 Q2	$398K	Buy	+3,220	New	+$376K	0.02%	975
2022 Q3	–	Sell	-126	Closed	-$9K	–	1340
2022 Q2	$9K	Sell	126 -2,732	-96%	-$221K	﹤0.01%	548
2022 Q1	$267K	Buy	+2,858	New	+$266K	0.06%	332

Other funds holding NIC

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

WHG

Westwood Holdings Group Dallas, Texas $13.7B AUM 21.48% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

American Century Companies Kansas City, Missouri $194B AUM 35% 1-Year Est. Return

FCM

FJ Capital Management Mclean, Virginia $888M AUM 18.97% 1-Year Est. Return

Boston Partners Boston, Massachusetts $95.5B AUM 28.4% 1-Year Est. Return

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

Dark Forest Capital Management's NIC Position: Q1 2026 in Review

Dark Forest Capital Management increased its Nicolet Bankshares (NIC) stake by 1,019% in Q1 2026, buying an estimated $5.31M and bringing the position to 40,155 shares worth $5.97M. The position accounts for 0.53% of the portfolio, ranked #27.

Dark Forest Capital Management first reported a position in NIC in Q1 2022 and has held it in 6 quarters since. 238 funds tracked by Wall St. Rank hold NIC as of Q1 2026.

Dark Forest Capital Management held 40,155 shares of Nicolet Bankshares worth $5.97M as of Q1 2026.
Dark Forest Capital Management bought 36,568 Nicolet Bankshares shares in Q1 2026, an estimated $5.31M.
Nicolet Bankshares made up 0.53% of Dark Forest Capital Management's portfolio in Q1 2026, its #27 holding.
Dark Forest Capital Management first reported a position in Nicolet Bankshares in Q1 2022 and has held it in 6 quarters since.
238 funds tracked by Wall St. Rank held Nicolet Bankshares as of Q1 2026.

Based on Dark Forest Capital Management's 13F filing for Q1 2026, filed 15 May 2026.