Nicolet Advisory Services’s Bank First Corp BFC Stock Holding History

Nicolet Advisory Services’s Portfolio BFC Stock Details BFC Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	$5.02M	Sell	40,765 -4,460	-10%	-$568K	0.34%	43
2025 Q3	$5.96M	Hold	45,225	–	–	0.46%	37
2025 Q2	$5.3M	Sell	45,225 -27,602	-38%	-$3.07M	0.45%	38
2025 Q1	$7.23M	Buy	72,827 +128	+0.2%	+$13K	0.72%	29
2024 Q4	$6.81M	Sell	72,699 -1,974	-3%	-$195K	0.63%	35
2024 Q3	$6.46M	Sell	74,673 -146,153	-66%	-$12.9M	0.61%	35
2024 Q2	$18.2M	Buy	220,826 +10,000	+5%	+$807K	1.75%	13
2024 Q1	$17.6M	Sell	210,826 -3,223	-2%	-$273K	1.79%	12
2023 Q4	$17.8M	Sell	214,049 -8,118	-4%	-$671K	1.91%	10
2023 Q3	$17.2M	Sell	222,167 -1	-0%	-$82	1.9%	11
2023 Q2	$18.3M	Buy	222,168 +179,026	+415%	+$13.4M	2.01%	9
2023 Q1	$2.93M	Buy	43,142 +22,197	+106%	+$1.77M	0.34%	45
2022 Q4	$1.81M	Buy	20,945 +6,236	+42%	+$554K	0.24%	49
2022 Q3	$1.13M	Buy	14,709 +1,513	+11%	+$118K	0.18%	52
2022 Q2	$1.02M	Buy	13,196 +5,280	+67%	+$380K	0.15%	61
2022 Q1	$559K	Hold	7,916	–	–	0.07%	99
2021 Q4	$572K	Hold	7,916	–	–	0.07%	102
2021 Q3	$561K	Sell	7,916 -1,250	-14%	-$87.1K	0.07%	109
2021 Q2	$640K	Hold	9,166	–	–	0.08%	91
2021 Q1	$687K	Hold	9,166	–	–	0.1%	82
2020 Q4	$594K	Hold	9,166	–	–	0.08%	88
2020 Q3	$538K	Buy	9,166 +1,000	+12%	+$62.4K	0.08%	91
2020 Q2	$523K	Sell	8,166 -2,845	-26%	-$163K	0.08%	108
2020 Q1	$617K	Buy	11,011 +2,845	+35%	+$175K	0.11%	95
2019 Q4	$572K	Hold	8,166	–	–	0.09%	90
2019 Q3	$540K	Buy	+8,166	New	+$496K	0.08%	89

Other funds holding BFC

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

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

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

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

MFG

Merit Financial Group Alpharetta, Georgia $16.4B AUM 25.17% 1-Year Est. Return

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

Bank of Montreal Toronto, Ontario, Canada $269B AUM 31.4% 1-Year Est. Return

Northern Trust Chicago, Illinois $757B AUM 28.64% 1-Year Est. Return

Charles Schwab San Francisco, California $654B AUM 26.35% 1-Year Est. Return

First Trust Advisors Wheaton, Illinois $140B AUM 27.84% 1-Year Est. Return

Nicolet Advisory Services's BFC Position: Q4 2025 in Review

Nicolet Advisory Services reduced its Bank First Corp (BFC) stake by 9.9% in Q4 2025, selling an estimated $568K and leaving 40,765 shares worth $5.02M. The position accounts for 0.34% of the portfolio, ranked #43.

Nicolet Advisory Services first reported a position in BFC in Q3 2019 and has held it in 26 quarters since. The position peaked at $18.3M in Q2 2023. 145 funds tracked by Wall St. Rank hold BFC as of Q4 2025.

Nicolet Advisory Services held 40,765 shares of Bank First Corp worth $5.02M as of Q4 2025.
Nicolet Advisory Services sold 4,460 Bank First Corp shares in Q4 2025, an estimated $568K.
Bank First Corp made up 0.34% of Nicolet Advisory Services's portfolio in Q4 2025, its #43 holding.
Nicolet Advisory Services first reported a position in Bank First Corp in Q3 2019 and has held it in 26 quarters since.
Nicolet Advisory Services's Bank First Corp position peaked at $18.3M in Q2 2023.
145 funds tracked by Wall St. Rank held Bank First Corp as of Q4 2025.

Based on Nicolet Advisory Services's 13F filing for Q4 2025, filed 13 Feb 2026.