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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
MTW icon
351
Manitowoc
MTW
$523M
$263K 0.02%
19,083
-125
-0.7% -$1.42K
CMG icon
352
Chipotle Mexican Grill
CMG
$42.6B
$262K 0.02%
6,505
-12,789
-66% -$463K
DGX icon
353
Quest Diagnostics
DGX
$25.6B
$260K 0.02%
1,479
-317
-18% -$57.7K
OKLO
354
Oklo
OKLO
$7.27B
$259K 0.02%
2,524
+272
+12% +$30.3K
HPE icon
355
Hewlett Packard
HPE
$63.8B
$257K 0.02%
11,638
+2,185
+23% +$51.5K
ITW icon
356
Illinois Tool Works
ITW
$81.9B
$257K 0.02%
1,009
-43
-4% -$10.7K
SGDM icon
357
Sprott Gold Miners ETF
SGDM
$553M
$256K 0.02%
3,300
– –
SHEL icon
358
Shell
SHEL
$239B
$256K 0.02%
3,568
+104
+3% +$7.66K
NLY icon
359
Annaly Capital Management
NLY
$16.9B
$255K 0.02%
+10,993
New +$239K
STZ icon
360
Constellation Brands
STZ
$22.2B
$254K 0.02%
+1,673
New +$230K
VCR icon
361
Vanguard Consumer Discretionary ETF
VCR
$5.92B
$253K 0.02%
613
– –
XLF icon
362
State Street Financial Select Sector SPDR ETF
XLF
$56.7B
$251K 0.02%
4,539
+415
+10% +$22.1K
TMUS icon
363
T-Mobile US
TMUS
$190B
$251K 0.02%
1,270
-242
-16% -$51.3K
XLE icon
364
State Street Energy Select Sector SPDR ETF
XLE
$38.8B
$247K 0.02%
5,327
-249
-4% -$11.1K
SGDJ icon
365
Sprott Junior Gold Miners ETF
SGDJ
$279M
$245K 0.02%
2,655
– –
DCI icon
366
Donaldson
DCI
$10.8B
$244K 0.02%
+2,540
New +$221K
DNP icon
367
DNP Select Income Fund
DNP
$4.15B
$243K 0.02%
24,221
-1,755
-7% -$17.7K
EW icon
368
Edwards Lifesciences
EW
$47.8B
$242K 0.02%
2,919
+76
+3% +$6.24K
ESE icon
369
ESCO Technologies
ESE
$8.4B
$242K 0.02%
1,133
+118
+12% +$24.9K
VFLO icon
370
VictoryShares Free Cash Flow ETF
VFLO
$8.71B
$242K 0.02%
6,000
– –
FCFS icon
371
FirstCash
FCFS
$9.06B
$240K 0.02%
1,445
-133
-8% -$21K
GXO icon
372
GXO Logistics
GXO
$6.13B
$238K 0.02%
+4,126
New +$217K
WCC
373
WESCO International
WCC
$16.5B
$237K 0.02%
865
-426
-33% -$104K
UNF icon
374
Unifirst Corp
UNF
$5.38B
$236K 0.02%
+1,170
New +$197K
HDUS
375
Hartford Disciplined US Equity ETF
HDUS
$199M
$235K 0.02%
3,546
+316
+10% +$20.5K
13 14
15
16 17

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GH
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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
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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.