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 Q2	$5.01M	Sell	30,280 -9,875	-25%	-$1.46M	0.32%	54
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 $6.73T AUM 46.02% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $552B AUM 44.19% 1-Year Est. Return

Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM

Geode Capital Management Boston, Massachusetts $1.88T AUM 44.46% 1-Year Est. Return

WHG

Westwood Holdings Group Dallas, Texas $13.3B AUM 29.38% 1-Year Est. Return

Goldman Sachs New York $1.15T AUM 47.82% 1-Year Est. Return

American Century Companies Kansas City, Missouri $226B AUM 44.75% 1-Year Est. Return

Vanguard Portfolio Management Malvern, Pennsylvania $2.22T AUM

Boston Partners Boston, Massachusetts $113B AUM 38.87% 1-Year Est. Return

Dark Forest Capital Management's NIC Position: Q2 2026 in Review

Dark Forest Capital Management reduced its Nicolet Bankshares (NIC) stake by 25% in Q2 2026, selling an estimated $1.46M and leaving 30,280 shares worth $5.01M. The position accounts for 0.32% of the portfolio, ranked #54.

Dark Forest Capital Management first reported a position in NIC in Q1 2022 and has held it in 7 quarters since. The position peaked at $5.97M in Q1 2026. 253 funds tracked by Wall St. Rank hold NIC as of Q2 2026.

Dark Forest Capital Management held 30,280 shares of Nicolet Bankshares worth $5.01M as of Q2 2026.
Dark Forest Capital Management sold 9,875 Nicolet Bankshares shares in Q2 2026, an estimated $1.46M.
Nicolet Bankshares made up 0.32% of Dark Forest Capital Management's portfolio in Q2 2026, its #54 holding.
Dark Forest Capital Management first reported a position in Nicolet Bankshares in Q1 2022 and has held it in 7 quarters since.
Dark Forest Capital Management's Nicolet Bankshares position peaked at $5.97M in Q1 2026.
253 funds tracked by Wall St. Rank held Nicolet Bankshares as of Q2 2026.

Based on Dark Forest Capital Management's 13F filing for Q2 2026, filed 14 Aug 2026.