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NAS

Nicolet Advisory Services Portfolio holdings

AUM $1.48B
1-Year Est. Return 17.28%
This Fund
S&P 500
This Quarter Est. Return
+2.31%
1 Year Est. Return
+17.28%
3 Year Est. Return
+62.72%
5 Year Est. Return
+62.5%
10 Year Est. Return
–
AUM
$1.48B
AUM Growth
+$199M
Cap. Flow
+$152M
Cap. Flow %
10.26%
Top 10 Hldgs %
49.35%
Holding
449
New
35
Increased
207
Reduced
159
Closed
28

Top Buys

Rank Stock Value
1
SPYM
State Street SPDR Portfolio S&P 500 ETF
SPYM
+$285M
2
AVEM icon
Avantis Emerging Markets Equity ETF
AVEM
+$20.4M
3
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$9.61M
4
VTEB icon
Vanguard Tax-Exempt Bond Index Fund
VTEB
+$6.74M
5
VOO icon
Vanguard S&P 500 ETF
VOO
+$6.62M

Top Sells

Rank Stock Value
1
SPYV icon
State Street SPDR Portfolio S&P 500 Value ETF
SPYV
+$110M
2
SPYG icon
State Street SPDR Portfolio S&P 500 Growth ETF
SPYG
+$101M
3
AMJB icon
Alerian MLP Index ETNs due January 28 2044
AMJB
+$8.34M
4
AVRE icon
Avantis Real Estate ETF
AVRE
+$3.96M
5
IGF icon
iShares Global Infrastructure ETF
IGF
+$3.77M

Sector Composition

Rank Sector Weight
1 Technology 10.43%
2 Financials 6.63%
3 Industrials 3.55%
4 Consumer Staples 3.5%
5 Consumer Discretionary 3.11%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EPD icon
226
Enterprise Products Partners
EPD
$82.5B
$507K 0.03%
15,791
+1,171
+8% +$37K
PLD icon
227
Prologis
PLD
$137B
$505K 0.03%
3,916
+143
+4% +$17.8K
KNSL icon
228
Kinsale Capital Group
KNSL
$8.24B
$503K 0.03%
1,288
-294
-19% -$120K
VMC icon
229
Vulcan Materials
VMC
$36.9B
$502K 0.03%
1,622
+52
+3% +$15.3K
BP icon
230
BP
BP
$109B
$502K 0.03%
14,580
+139
+1% +$4.88K
IEMG icon
231
iShares Core MSCI Emerging Markets ETF
IEMG
$150B
$499K 0.03%
7,031
-6,546
-48% -$439K
JCI icon
232
Johnson Controls International
JCI
$87.5B
$493K 0.03%
4,428
+301
+7% +$34.6K
ZBH icon
233
Zimmer Biomet
ZBH
$17.8B
$492K 0.03%
5,380
+1,845
+52% +$175K
CPRT icon
234
Copart
CPRT
$27.6B
$481K 0.03%
12,050
-7,479
-38% -$310K
BNY
235
Bank of New York Mellon
BNY
$107B
$481K 0.03%
3,986
+129
+3% +$14.3K
IWR icon
236
iShares Russell Mid-Cap ETF
IWR
$56.1B
$475K 0.03%
+4,743
New +$456K
WTM icon
237
White Mountains Insurance
WTM
$5.43B
$474K 0.03%
230
+17
+8% +$33.2K
VTWO icon
238
Vanguard Russell 2000 ETF
VTWO
$17.4B
$469K 0.03%
+4,438
New +$441K
CSL icon
239
Carlisle Companies
CSL
$13.8B
$467K 0.03%
1,311
+274
+26% +$88.8K
PFGC icon
240
Performance Food Group
PFGC
$18B
$464K 0.03%
5,038
– –
APD icon
241
Air Products & Chemicals
APD
$65.2B
$462K 0.03%
1,729
-546
-24% -$138K
FICO icon
242
Fair Isaac
FICO
$29.7B
$462K 0.03%
283
-68
-19% -$117K
MMM icon
243
3M
MMM
$91.9B
$461K 0.03%
2,747
+273
+11% +$44.6K
PSLV icon
244
Sprott Physical Silver Trust
PSLV
$12B
$457K 0.03%
16,240
– –
DBEF icon
245
Xtrackers MSCI EAFE Hedged Equity ETF
DBEF
$9.18B
$456K 0.03%
9,083
– –
SONY icon
246
Sony
SONY
$131B
$456K 0.03%
18,097
+440
+2% +$12.4K
IDXX icon
247
Idexx Laboratories
IDXX
$43.9B
$454K 0.03%
626
+72
+13% +$49K
DFAX icon
248
Dimensional World ex US Core Equity 2 ETF
DFAX
$11.8B
$448K 0.03%
13,150
+2,172
+20% +$69.3K
NXPI icon
249
NXP Semiconductors
NXPI
$67.6B
$447K 0.03%
1,875
-107
-5% -$22.9K
VDC icon
250
Vanguard Consumer Staples ETF
VDC
$7.98B
$444K 0.03%
2,034
– –
8 9
10
11 12

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MPM
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GH
GAM Holding Zurich, Switzerland $1.57B AUM 25.73% 1-Year Est. Return
JCM
Janney Capital Management Pittsburgh, Pennsylvania $1.59B AUM 23.25% 1-Year Est. Return
LGWM
Litman Gregory Wealth Management Larkspur, California $1.37B AUM 16.95% 1-Year Est. Return
APW
Austin Private Wealth Austin, Texas $1.35B AUM 17.75% 1-Year Est. Return
MSFS
Main Street Financial Solutions Newtown, Pennsylvania $1.34B AUM 19.49% 1-Year Est. Return
CB
Cadence Bank Tupelo, Mississippi $1.71B AUM 16.17% 1-Year Est. Return
QLSGSCF
Quent Long Short Global Small Cap Fund New York $1.23B AUM

Nicolet Advisory Services's Q4 2025 Portfolio in Review

As of Q4 2025, Nicolet Advisory Services held 449 positions worth $1.48B, up 15% from $1.29B the previous quarter. Its ten largest holdings account for 49% of the portfolio.

Nicolet Advisory Services deployed $152M of net new capital in Q4 2025, opening 35 new positions and adding to 207 existing holdings. Its largest new stake was Vanguard Russell 1000 ETF: 16,135 shares worth $5.09M.

By sector, the portfolio is most concentrated in Technology at 10% of assets, down from 11% a quarter earlier, followed by Financials and Industrials.

On the sell side, the largest reduction was State Street SPDR Portfolio S&P 500 Value ETF, an estimated $110M trimmed.

  • Nicolet Advisory Services's largest Q4 2025 buy was Vanguard Russell 1000 ETF: 16,135 shares worth $5.09M.
  • Nicolet Advisory Services added most to State Street SPDR Portfolio S&P 500 ETF in Q4 2025, an estimated $285M increase.
  • Nicolet Advisory Services's biggest Q4 2025 reduction was State Street SPDR Portfolio S&P 500 Value ETF, cutting an estimated $110M.
  • Nicolet Advisory Services fully exited State Street SPDR S&P Global Infrastructure ETF in Q4 2025, selling an estimated $965K.
  • Nicolet Advisory Services's ten largest holdings make up 49% of its $1.48B portfolio in Q4 2025.
  • Nicolet Advisory Services opened 35 new positions and closed 28 in Q4 2025.
  • Nicolet Advisory Services's portfolio value rose 15% quarter-over-quarter to $1.48B.

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