NAS

Nicolet Advisory Services Portfolio holdings

AUM $1.01B

AUM

$1.01B

AUM Growth

-$80.5M (-7%)

Cap. Flow

-$3.23M

Cap. Flow % of AUM

-0.32%

Top 10 Holdings %Top 10 Hldgs %

46.67%

Holding

412

New

Increased

192

Reduced

143

Closed

Top Buys

1	Berkshire Hathaway Class B BRK.B	$1.81M
2	Vanguard Short-Term Treasury ETF VGSH	$1.53M
3	Avantis Emerging Markets Equity ETF AVEM	$1.42M
4	SPDR Nuveen ICE Municipal Bond ETF TFI	$1.23M
5	Vanguard Tax-Exempt Bond Index Fund VTEB	$946K

Top Sells

1	iShares 10-20 Year Treasury Bond ETF TLH	$14.4M
2	Vanguard Total Bond Market BND	$2.81M
3	SPDR Portfolio S&P 500 Value ETF SPYV	$2.53M
4	iShares Core S&P Total US Stock Market ETF ITOT	$2.3M
5	Vanguard FTSE Developed Markets ETF VEA	$1.52M

Sector Composition

1	Technology	9.08%
2	Financials	8.18%
3	Consumer Staples	4.98%
4	Industrials	3.51%
5	Consumer Discretionary	3.22%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
376	376 Heron Therapeutics HRTX $320M	$29.1K	0%	16,000	–	–
377	377 Ardagh Metal Packaging AMBP $2.35B	$26.3K	0%	10,000	–	–
378	378 Airbnb ABNB $86.8B	$0	0%	0 -1,635	Closed	–
379	379 iShares MSCI ACWI ETF ACWI $21.8B	$0	0%	0 -2,642	Closed	–
380	380 American Financial Group AFG $10.5B	$0	0%	0 -1,632	Closed	–
381	381 Alarm.com ALRM $2.9B	$0	0%	0 -5,190	Closed	–
382	382 Arista Networks ANET $122B	$0	0%	0 -3,497	Closed	–
383	383 Ares Management ARES $38B	$0	0%	0 -1,763	Closed	–
384	384 JPMorgan BetaBuilders USD High Yield Corporate Bond ETF BBHY $431M	$0	0%	0 -4,558	Closed	–
385	385 VictoryShares US Large Cap High Div Volatility Wtd ETF CDL $346M	$0	0%	0 -3,229	Closed	–
386	386 Houlihan Lokey HLI $12.4B	$0	0%	0 -1,532	Closed	–
387	387 IDEX IEX $13.8B	$0	0%	0 -979	Closed	–
388	388 JB Hunt Transport Services JBHT $13.9B	$0	0%	0 -1,227	Closed	–
389	389 SPDR Bloomberg High Yield Bond ETF JNK $7.24B	$0	0%	0 -2,993	Closed	–
390	390 Microchip Technology MCHP $35.2B	$0	0%	0 -8,816	Closed	–
391	391 Magnolia Oil & Gas MGY $4.25B	$0	0%	0 -8,231	Closed	–
392	392 Marvell Technology MRVL $58.9B	$0	0%	0 -3,916	Closed	–
393	393 Northrop Grumman NOC $70.4B	$0	0%	0 -529	Closed	–
394	394 Owens Corning OC $11.5B	$0	0%	0 -1,358	Closed	–
395	395 Public Service Enterprise Group PEG $40B	$0	0%	0 -2,381	Closed	–
396	396 Raymond James Financial RJF $29.6B	$0	0%	0 -1,478	Closed	–
397	397 RTX Corp RTX $186B	$0	0%	0 -9,368	Closed	–
398	398 SPDR Bloomberg Short Term High Yield Bond ETF SJNK $4.35B	$0	0%	0 -10,255	Closed	–
399	399 SoundHound AI SOUN $4.06B	$0	0%	0 -11,252	Closed	–
400	400 Sysco SYY $36.1B	$0	0%	0 -2,768	Closed	–