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Nicolet Bankshares Portfolio holdings

AUM $2.71B
1-Year Est. Return 17.55%
This Fund
S&P 500
This Quarter Est. Return
+0.53%
1 Year Est. Return
+17.55%
3 Year Est. Return
+63.91%
5 Year Est. Return
+76.2%
10 Year Est. Return
+266.82%
AUM
$624M
AUM Growth
+$1.7M
Cap. Flow
+$3.01M
Cap. Flow %
0.48%
Top 10 Hldgs %
50.54%
Holding
239
New
21
Increased
71
Reduced
98
Closed
13

Top Buys

Rank Stock Value
1
SPYM
State Street SPDR Portfolio S&P 500 ETF
SPYM
+$39.8M
2
VONE icon
Vanguard Russell 1000 ETF
VONE
+$9.77M
3
VOO icon
Vanguard S&P 500 ETF
VOO
+$3.8M
4
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$2.4M
5
AVEM icon
Avantis Emerging Markets Equity ETF
AVEM
+$2.19M

Top Sells

Rank Stock Value
1
SPYV icon
State Street SPDR Portfolio S&P 500 Value ETF
SPYV
+$19.8M
2
SPYG icon
State Street SPDR Portfolio S&P 500 Growth ETF
SPYG
+$17.6M
3
NVDA icon
NVIDIA
NVDA
+$2.85M
4
GOOG icon
Alphabet (Google) Class C
GOOG
+$2.84M
5
MSFT icon
Microsoft
MSFT
+$2.02M

Sector Composition

Rank Sector Weight
1 Financials 21.09%
2 Technology 9.99%
3 Industrials 3.28%
4 Communication Services 3.18%
5 Healthcare 3.02%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CMG icon
126
Chipotle Mexican Grill
CMG
$40.9B
$727K 0.12%
19,662
-12,012
-38% -$435K
BOND icon
127
PIMCO Active Bond Exchange-Traded Fund
BOND
$8.45B
$723K 0.12%
7,769
+3,285
+73% +$307K
ACN icon
128
Accenture
ACN
$109B
$714K 0.11%
2,663
-62
-2% -$15.8K
AMT icon
129
American Tower
AMT
$78.8B
$707K 0.11%
4,026
-1,860
-32% -$338K
YUM icon
130
Yum! Brands
YUM
$39.6B
$694K 0.11%
4,590
+1,467
+47% +$217K
MRK icon
131
Merck
MRK
$323B
$691K 0.11%
6,564
+35
+0.5% +$3.29K
EOG icon
132
EOG Resources
EOG
$74.6B
$651K 0.1%
6,199
-1,008
-14% -$108K
IGF icon
133
iShares Global Infrastructure ETF
IGF
$10.6B
$647K 0.1%
10,545
+75
+0.7% +$4.63K
GE icon
134
GE Aerospace
GE
$380B
$642K 0.1%
2,084
+448
+27% +$135K
FCX icon
135
Freeport-McMoran
FCX
$98.7B
$592K 0.09%
11,660
-2,493
-18% -$108K
MUB icon
136
iShares National Muni Bond ETF
MUB
$45.8B
$592K 0.09%
5,527
– –
EVRG icon
137
Evergy
EVRG
$19B
$580K 0.09%
8,000
– –
FIS icon
138
Fidelity National Information Services
FIS
$21.8B
$577K 0.09%
8,681
-65
-0.7% -$4.29K
DFUS
139
Dimensional US Equity ETF
DFUS
$21.6B
$574K 0.09%
7,736
– –
ORLY icon
140
O'Reilly Automotive
ORLY
$75.1B
$564K 0.09%
6,180
– –
KKR icon
141
KKR & Co
KKR
$93.5B
$555K 0.09%
4,356
+1,069
+33% +$133K
CATH icon
142
Global X S&P 500 Catholic Values ETF
CATH
$1.35B
$548K 0.09%
6,668
– –
JPST icon
143
JPMorgan Ultra-Short Income ETF
JPST
$40.6B
$543K 0.09%
10,730
+6,427
+149% +$326K
SLB icon
144
SLB Ltd
SLB
$78.7B
$522K 0.08%
13,594
-5,547
-29% -$201K
NKE icon
145
Nike
NKE
$62.4B
$518K 0.08%
8,127
-1,578
-16% -$103K
GWW icon
146
W.W. Grainger
GWW
$61B
$503K 0.08%
498
-306
-38% -$297K
XLK icon
147
State Street Technology Select Sector SPDR ETF
XLK
$122B
$501K 0.08%
3,480
+390
+13% +$56.3K
ITW icon
148
Illinois Tool Works
ITW
$83.8B
$497K 0.08%
2,017
– –
SCHE icon
149
Schwab Emerging Markets Equity ETF
SCHE
$12.9B
$494K 0.08%
15,092
– –
JEPI icon
150
JPMorgan Equity Premium Income ETF
JEPI
$46B
$494K 0.08%
+8,631
New +$493K
4 5
6
7 8

Similar funds

BCM
Bowie Capital Management Richardson, Texas $2.71B AUM 5.42% 1-Year Est. Return
SCM
Shaolin Capital Management Miami, Florida $2.71B AUM 64.57% 1-Year Est. Return
NCM
Nantahala Capital Management New Canaan, Connecticut $2.72B AUM 121.58% 1-Year Est. Return
TAM
Timucuan Asset Management Jacksonville, Florida $2.72B AUM 4.95% 1-Year Est. Return
HCM
Hollencrest Capital Management Newport Beach, California $2.7B AUM 23.62% 1-Year Est. Return
LP
Longaeva Partners Chicago, Illinois $2.7B AUM 37.16% 1-Year Est. Return
XL
XN LP New York $2.72B AUM 46.67% 1-Year Est. Return
CI
Capital International Los Angeles, California $2.7B AUM 31.08% 1-Year Est. Return

Nicolet Bankshares's Q4 2025 Portfolio in Review

As of Q4 2025, Nicolet Bankshares held 239 positions worth $624M, up 0.27% from $622M the previous quarter. Its ten largest holdings account for 51% of the portfolio.

Nicolet Bankshares's Q4 2025 filing shows 21 new, 71 increased, 98 reduced and 13 closed positions. Its largest new stake was State Street SPDR Portfolio S&P 500 ETF: 500,712 shares worth $40.2M. The largest sale was State Street SPDR Portfolio S&P 500 Value ETF, an estimated $19.8M.

By sector, the portfolio is most concentrated in Financials at 21% of assets, down from 24% a quarter earlier, followed by Technology and Industrials.

  • Nicolet Bankshares's largest Q4 2025 buy was State Street SPDR Portfolio S&P 500 ETF: 500,712 shares worth $40.2M.
  • Nicolet Bankshares added most to Vanguard S&P 500 ETF in Q4 2025, an estimated $3.8M increase.
  • Nicolet Bankshares's biggest Q4 2025 reduction was State Street SPDR Portfolio S&P 500 Value ETF, cutting an estimated $19.8M.
  • Nicolet Bankshares fully exited iShares Bitcoin Trust in Q4 2025, selling an estimated $1.29M.
  • Nicolet Bankshares's ten largest holdings make up 51% of its $624M portfolio in Q4 2025.
  • Nicolet Bankshares opened 21 new positions and closed 13 in Q4 2025.
  • Nicolet Bankshares's portfolio value rose 0.27% quarter-over-quarter to $624M.

Based on Nicolet Bankshares's 13F filing for Q4 2025, filed 9 Feb 2026.