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

32

Increased

192

Reduced

143

Closed

32

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
401	401 Target TGT $44.2B	$0	0%	0 -2,512	Closed	–
402	402 T Rowe Price TROW $20.8B	$0	0%	0 -1,973	Closed	–
403	403 Travelers Companies TRV $62B	$0	0%	0 -7,343	Closed	–
404	404 Toro Company TTC $6.84B	$0	0%	0 -2,644	Closed	–
405	405 Trade Desk TTD $35.1B	$0	0%	0 -2,322	Closed	–
406	406 Waters Corp WAT $20.9B	$0	0%	0 -584	Closed	–
407	407 Energy Select Sector SPDR Fund XLE $26.7B	$0	0%	0 -2,346	Closed	–
408	408 Financial Select Sector SPDR Fund XLF $50.2B	$0	0%	0 -5,342	Closed	–
409	409 Utilities Select Sector SPDR Fund XLU $18.6B	$0	0%	0 -4,132	Closed	–