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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
+8.28%
1 Year Est. Return
+17.28%
3 Year Est. Return
+62.72%
5 Year Est. Return
+62.5%
10 Year Est. Return
–
AUM
$1.18B
AUM Growth
+$167M
Cap. Flow
+$29.9M
Cap. Flow %
2.54%
Top 10 Hldgs %
46.91%
Holding
425
New
45
Increased
210
Reduced
137
Closed
18

Top Buys

Rank Stock Value
1
SPYV icon
State Street SPDR Portfolio S&P 500 Value ETF
SPYV
+$7.65M
2
SPYG icon
State Street SPDR Portfolio S&P 500 Growth ETF
SPYG
+$4.78M
3
AVEM icon
Avantis Emerging Markets Equity ETF
AVEM
+$1.77M
4
VTI icon
Vanguard Morningstar Total Stock Market ETF
VTI
+$1.74M
5
VGIT icon
Vanguard Intermediate-Term Treasury ETF
VGIT
+$1.27M

Top Sells

Rank Stock Value
1
BFC icon
Bank First Corp
BFC
+$3.07M
2
GUNR icon
Northern Trust Morningstar Global Upstream Natural Resources ETF
GUNR
+$2.89M
3
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$1.73M
4
IWB icon
iShares Russell 1000 ETF
IWB
+$1.21M
5
VTEB icon
Vanguard Tax-Exempt Bond Index Fund
VTEB
+$1.17M

Sector Composition

Rank Sector Weight
1 Miscellaneous 63.03%
2 Technology 10.25%
3 Financials 7.29%
4 Consumer Staples 4.12%
5 Industrials 3.78%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MUB icon
26
iShares National Muni Bond ETF
MUB
$44.6B
$9.97M 0.85%
95,751
-4,548
-5% -$473K
YLD icon
27
Principal Active High Yield ETF
YLD
$615M
$9.94M 0.85%
518,895
+6,274
+1% +$119K
GOOGL icon
28
Alphabet (Google) Class A
GOOGL
$4.27T
$8.9M 0.76%
47,078
+2,576
+6% +$422K
VTV icon
29
Vanguard Morningstar Value ETF
VTV
$191B
$8.49M 0.72%
48,374
+1,986
+4% +$335K
VUG icon
30
Vanguard Morningstar Growth ETF
VUG
$226B
$8.15M 0.69%
109,920
-114
-0.1% -$7.5K
HD icon
31
Home Depot
HD
$310B
$7.85M 0.67%
20,998
+747
+4% +$270K
SPY icon
32
State Street SPDR S&P 500 ETF Trust
SPY
$803B
$7.3M 0.62%
11,746
+104
+0.9% +$59.5K
SUB icon
33
iShares Short-Term National Muni Bond ETF
SUB
$11.6B
$7.27M 0.62%
68,156
-45
-0.1% -$4.75K
META icon
34
Meta Platforms (Facebook)
META
$1.7T
$7.17M 0.61%
9,561
+107
+1% +$66.1K
KO icon
35
Coca-Cola
KO
$384B
$6.59M 0.56%
95,698
+3,600
+4% +$256K
PEP icon
36
PepsiCo
PEP
$186B
$6.01M 0.51%
43,158
+168
+0.4% +$22.6K
OSK icon
37
Oshkosh
OSK
$8.85B
$5.6M 0.48%
42,894
-1,359
-3% -$132K
BFC icon
38
Bank First Corp
BFC
$1.7B
$5.3M 0.45%
45,225
-27,602
-38% -$3.07M
ABT icon
39
Abbott
ABT
$178B
$5.03M 0.43%
39,533
+4,373
+12% +$577K
WMT icon
40
Walmart Inc
WMT
$865B
$4.74M 0.4%
48,167
+584
+1% +$55.6K
ETN icon
41
Eaton
ETN
$153B
$4.6M 0.39%
12,074
+422
+4% +$130K
GOOG icon
42
Alphabet (Google) Class C
GOOG
$4.23T
$4.2M 0.36%
22,106
+137
+0.6% +$22.6K
IGF icon
43
iShares Global Infrastructure ETF
IGF
$10.3B
$4.15M 0.35%
70,082
-6,061
-8% -$346K
DFAC icon
44
Dimensional US Core Equity 2 ETF
DFAC
$48.7B
$4.02M 0.34%
111,409
-3,764
-3% -$126K
ORCL icon
45
Oracle
ORCL
$417B
$3.85M 0.33%
15,745
-423
-3% -$68.3K
XOM icon
46
ExxonMobil
XOM
$679B
$3.85M 0.33%
35,072
-955
-3% -$102K
VGIT icon
47
Vanguard Intermediate-Term Treasury ETF
VGIT
$39.2B
$3.75M 0.32%
62,778
+21,379
+52% +$1.27M
MDY icon
48
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26B
$3.75M 0.32%
6,609
+815
+14% +$437K
AVGO icon
49
Broadcom
AVGO
$1.65T
$3.75M 0.32%
12,982
+1,125
+9% +$244K
COST icon
50
Costco
COST
$408B
$3.4M 0.29%
3,564
-34
-0.9% -$33.8K
1
2
3 4 5

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LGWM
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APW
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CB
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CGL
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HFS
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Nicolet Advisory Services's Q2 2025 Portfolio in Review

As of Q2 2025, Nicolet Advisory Services held 425 positions worth $1.18B, up 17% from $1.01B the previous quarter. Its ten largest holdings account for 47% of the portfolio.

Nicolet Advisory Services's Q2 2025 filing shows 45 new, 210 increased, 137 reduced and 18 closed positions. Its largest new stake was Schwab US Dividend Equity ETF: 18,701 shares worth $493K. The largest sale was Bank First Corp, an estimated $3.07M.

By sector, the portfolio is most concentrated in Miscellaneous at 63% of assets, up from 63% a quarter earlier, followed by Technology and Financials.

  • Nicolet Advisory Services's largest Q2 2025 buy was Schwab US Dividend Equity ETF: 18,701 shares worth $493K.
  • Nicolet Advisory Services added most to State Street SPDR Portfolio S&P 500 Value ETF in Q2 2025, an estimated $7.65M increase.
  • Nicolet Advisory Services's biggest Q2 2025 reduction was Bank First Corp, cutting an estimated $3.07M.
  • Nicolet Advisory Services fully exited iShares 10-20 Year Treasury Bond ETF in Q2 2025, selling an estimated $850K.
  • Nicolet Advisory Services's ten largest holdings make up 47% of its $1.18B portfolio in Q2 2025.
  • Nicolet Advisory Services opened 45 new positions and closed 18 in Q2 2025.
  • Nicolet Advisory Services's portfolio value rose 17% quarter-over-quarter to $1.18B.

Based on Nicolet Advisory Services's 13F filing for Q2 2025, filed 13 Aug 2025.