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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
TJX icon
51
TJX Companies
TJX
$173B
$4.36M 0.29%
27,737
+3,523
+15% +$521K
LLY icon
52
Eli Lilly
LLY
$1.07T
$4.23M 0.29%
3,917
+459
+13% +$439K
COST icon
53
Costco
COST
$422B
$4.18M 0.28%
4,429
+812
+22% +$736K
PM icon
54
Philip Morris
PM
$305B
$4.13M 0.28%
24,999
+102
+0.4% +$15.8K
MU icon
55
Micron Technology
MU
$1.02T
$3.84M 0.26%
11,116
+596
+6% +$137K
ORCL icon
56
Oracle
ORCL
$345B
$3.73M 0.25%
18,208
+1,176
+7% +$280K
MA icon
57
Mastercard
MA
$487B
$3.69M 0.25%
6,519
+1,698
+35% +$949K
DFAC icon
58
Dimensional US Core Equity 2 ETF
DFAC
$47.6B
$3.63M 0.24%
89,230
-21,488
-19% -$839K
VTI icon
59
Vanguard Total Stock Market ETF
VTI
$655B
$3.59M 0.24%
10,470
-315
-3% -$105K
CAT icon
60
Caterpillar
CAT
$402B
$3.58M 0.24%
5,691
+754
+15% +$419K
JNJ icon
61
Johnson & Johnson
JNJ
$641B
$3.38M 0.23%
16,128
+1,281
+9% +$253K
WFC icon
62
Wells Fargo
WFC
$264B
$3.28M 0.22%
34,538
-234
-0.7% -$20.3K
CSCO icon
63
Cisco
CSCO
$452B
$3.27M 0.22%
44,183
+6,232
+16% +$462K
SPSM icon
64
State Street SPDR Portfolio S&P 600 Small Cap ETF
SPSM
$17.1B
$3.13M 0.21%
63,476
+2,110
+3% +$98.4K
RTX icon
65
RTX Corp
RTX
$294B
$2.95M 0.2%
+15,217
New +$2.64M
CWI icon
66
State Street SPDR MSCI ACWI ex-US ETF
CWI
$2.75B
$2.76M 0.19%
+73,730
New +$2.61M
SPDW icon
67
State Street SPDR Portfolio Developed World ex-US ETF
SPDW
$39.8B
$2.68M 0.18%
58,053
-5,703
-9% -$249K
ASB icon
68
Associated Banc-Corp
ASB
$5.78B
$2.61M 0.18%
100,421
– –
MCD icon
69
McDonald's
MCD
$192B
$2.58M 0.17%
8,412
+1,086
+15% +$333K
SCHW
70
Charles Schwab
SCHW
$181B
$2.57M 0.17%
25,183
+1,738
+7% +$165K
VIG icon
71
Vanguard Dividend Appreciation ETF
VIG
$112B
$2.56M 0.17%
11,357
-50
-0.4% -$10.9K
IVW icon
72
iShares S&P 500 Growth ETF
IVW
$72.2B
$2.55M 0.17%
20,367
– –
BX icon
73
Blackstone
BX
$106B
$2.5M 0.17%
15,985
+3,346
+26% +$508K
IWF icon
74
iShares Russell 1000 Growth ETF
IWF
$120B
$2.44M 0.16%
20,452
-5,212
-20% -$617K
AMD icon
75
Advanced Micro Devices
AMD
$807B
$2.44M 0.16%
11,742
+2,330
+25% +$523K
1 2
3
4 5

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MPM
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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
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
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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.