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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
VYM icon
126
Vanguard High Dividend Yield ETF
VYM
$81.3B
$1.15M 0.08%
7,779
+1,864
+32% +$265K
DAL icon
127
Delta Air Lines
DAL
$57B
$1.14M 0.08%
16,048
-62
-0.4% -$3.87K
AMT icon
128
American Tower
AMT
$77.7B
$1.12M 0.08%
6,542
+389
+6% +$70.8K
MPWR icon
129
Monolithic Power Systems
MPWR
$65.8B
$1.1M 0.07%
1,137
-159
-12% -$153K
ROL icon
130
Rollins
ROL
$18.8B
$1.1M 0.07%
18,012
-156
-0.9% -$9.16K
LRCX icon
131
Lam Research
LRCX
$365B
$1.09M 0.07%
4,954
-1,029
-17% -$160K
EMR icon
132
Emerson Electric
EMR
$83.6B
$1.08M 0.07%
7,442
+3,592
+93% +$477K
PSX icon
133
Phillips 66
PSX
$83.3B
$1.06M 0.07%
7,610
+373
+5% +$50.2K
AVDE icon
134
Avantis International Equity ETF
AVDE
$17.9B
$1.06M 0.07%
+12,392
New +$994K
AMAT icon
135
Applied Materials
AMAT
$410B
$1.05M 0.07%
3,412
+101
+3% +$24.2K
AXON
136
Axon Enterprise
AXON
$42.4B
$1.03M 0.07%
1,637
+50
+3% +$31K
EXLS icon
137
EXL Service
EXLS
$4.36B
$1.03M 0.07%
24,419
-871
-3% -$35.6K
EFA icon
138
iShares MSCI EAFE ETF
EFA
$76.8B
$1.01M 0.07%
10,154
+864
+9% +$81.9K
BMY icon
139
Bristol-Myers Squibb
BMY
$128B
$1.01M 0.07%
18,088
+2,906
+19% +$140K
COP icon
140
ConocoPhillips
COP
$141B
$989K 0.07%
10,352
+95
+0.9% +$8.59K
MDLZ icon
141
Mondelez International
MDLZ
$77.9B
$975K 0.07%
17,762
-949
-5% -$54.6K
KKR icon
142
KKR & Co
KKR
$91.3B
$962K 0.06%
7,180
+2,133
+42% +$265K
VNQ icon
143
Vanguard Real Estate ETF
VNQ
$39.8B
$958K 0.06%
10,698
-156
-1% -$14K
UNP icon
144
Union Pacific
UNP
$178B
$956K 0.06%
4,164
+6
+0.1% +$1.37K
IEFA icon
145
iShares Core MSCI EAFE ETF
IEFA
$188B
$955K 0.06%
10,308
-12,922
-56% -$1.14M
PGR icon
146
Progressive
PGR
$125B
$945K 0.06%
4,366
+10
+0.2% +$2.26K
ASML icon
147
ASML
ASML
$636B
$943K 0.06%
736
-17
-2% -$17.7K
YUM icon
148
Yum! Brands
YUM
$40.7B
$941K 0.06%
5,999
+2,625
+78% +$389K
NOW icon
149
ServiceNow
NOW
$109B
$939K 0.06%
6,582
-728
-10% -$125K
IWB icon
150
iShares Russell 1000 ETF
IWB
$47.7B
$934K 0.06%
2,450
+1,168
+91% +$433K
4 5
6
7 8

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MPM
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GH
GAM Holding Zurich, Switzerland $1.57B AUM 25.73% 1-Year Est. Return
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
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.