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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
PHYS icon
276
Sprott Physical Gold
PHYS
$14.7B
$386K 0.03%
11,035
– –
XLU icon
277
State Street Utilities Select Sector SPDR ETF
XLU
$23.5B
$382K 0.03%
8,972
+1,210
+16% +$53.6K
DUK icon
278
Duke Energy
DUK
$100B
$380K 0.03%
3,256
-914
-22% -$112K
EEM icon
279
iShares MSCI Emerging Markets ETF
EEM
$28.6B
$378K 0.03%
6,516
+184
+3% +$10K
BSX icon
280
Boston Scientific
BSX
$67.6B
$376K 0.03%
3,932
+966
+33% +$94.7K
PCAR icon
281
PACCAR
PCAR
$70.2B
$376K 0.03%
3,171
+74
+2% +$7.58K
MET icon
282
MetLife
MET
$61.2B
$371K 0.03%
4,736
+17
+0.4% +$1.34K
USB icon
283
US Bancorp
USB
$98.9B
$370K 0.02%
6,799
-263
-4% -$12.9K
SO icon
284
Southern Company
SO
$109B
$370K 0.02%
4,262
-1,032
-19% -$94.2K
APP icon
285
Applovin
APP
$139B
$362K 0.02%
550
-3
-0.5% -$1.89K
AOR icon
286
iShares Core 60/40 Balanced Allocation ETF
AOR
$3.64B
$361K 0.02%
5,458
+32
+0.6% +$2.08K
ICSH icon
287
iShares Ultra Short Duration Bond Active ETF
ICSH
$8.06B
$361K 0.02%
7,130
+1,213
+21% +$61.4K
ARMK icon
288
Aramark
ARMK
$15.2B
$361K 0.02%
9,300
-374
-4% -$14.3K
ACGL icon
289
Arch Capital
ACGL
$36.3B
$359K 0.02%
3,855
+874
+29% +$80K
WSO icon
290
Watsco Inc
WSO
$15B
$358K 0.02%
951
-569
-37% -$203K
JEPI icon
291
JPMorgan Equity Premium Income ETF
JEPI
$45.6B
$357K 0.02%
6,124
+382
+7% +$21.8K
CHD icon
292
Church & Dwight Co
CHD
$23.4B
$356K 0.02%
4,110
-2,783
-40% -$238K
BJ icon
293
BJs Wholesale Club
BJ
$12.1B
$356K 0.02%
3,872
-460
-11% -$42.2K
TECH icon
294
Bio-Techne
TECH
$11.2B
$350K 0.02%
5,260
-2,453
-32% -$149K
DOV icon
295
Dover
DOV
$27.7B
$350K 0.02%
1,721
-17
-1% -$3.1K
CVNA icon
296
Carvana
CVNA
$45.9B
$349K 0.02%
3,755
+535
+17% +$39.8K
JKHY icon
297
Jack Henry & Associates
JKHY
$10.9B
$348K 0.02%
1,831
+26
+1% +$4.33K
UPS icon
298
United Parcel Service
UPS
$96B
$346K 0.02%
3,201
+159
+5% +$14.9K
VOOV icon
299
Vanguard S&P 500 Value ETF
VOOV
$6.61B
$345K 0.02%
1,642
– –
VGT icon
300
Vanguard Information Technology ETF
VGT
$138B
$344K 0.02%
3,592
+72
+2% +$6.84K
10 11
12
13 14

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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.