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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
FDX icon
176
FedEx
FDX
$76.6B
$355K 0.06%
1,230
-687
-36% -$180K
SSNC icon
177
SS&C Technologies
SSNC
$18.7B
$355K 0.06%
4,063
– –
DVY icon
178
iShares Select Dividend ETF
DVY
$23.6B
$349K 0.06%
2,475
– –
QCOM icon
179
Qualcomm
QCOM
$172B
$345K 0.06%
2,016
-575
-22% -$98.6K
EDV icon
180
Vanguard World Funds Extended Duration ETF
EDV
$3.47B
$340K 0.05%
+5,232
New +$356K
SCHF icon
181
Schwab International Equity ETF
SCHF
$68.5B
$326K 0.05%
13,576
– –
IEFA icon
182
iShares Core MSCI EAFE ETF
IEFA
$195B
$325K 0.05%
3,634
+454
+14% +$40.1K
MBB icon
183
iShares MBS ETF
MBB
$39B
$313K 0.05%
+3,285
New +$313K
TSLA icon
184
Tesla
TSLA
$1.3T
$312K 0.05%
693
+174
+34% +$77.1K
ICF icon
185
iShares Select U.S. REIT ETF
ICF
$2.08B
$295K 0.05%
4,942
-1,738
-26% -$106K
MCHP icon
186
Microchip Technology
MCHP
$44.5B
$286K 0.05%
4,488
-200
-4% -$12.3K
VRTX icon
187
Vertex Pharmaceuticals
VRTX
$134B
$280K 0.04%
617
– –
KMB icon
188
Kimberly-Clark
KMB
$36.1B
$277K 0.04%
2,748
– –
ZBH icon
189
Zimmer Biomet
ZBH
$18.5B
$275K 0.04%
3,054
-2,202
-42% -$209K
EFX icon
190
Equifax
EFX
$21.4B
$273K 0.04%
1,260
– –
FISV
191
Fiserv Inc
FISV
$27.5B
$261K 0.04%
3,885
-1,191
-23% -$99.7K
IEI icon
192
iShares 3-7 Year Treasury Bond ETF
IEI
$17.7B
$261K 0.04%
+2,186
New +$262K
AOS icon
193
A.O. Smith
AOS
$8.5B
$261K 0.04%
3,900
– –
MO icon
194
Altria Group
MO
$112B
$260K 0.04%
4,516
+50
+1% +$3.02K
SPGI icon
195
S&P Global
SPGI
$121B
$259K 0.04%
495
– –
ACIW icon
196
ACI Worldwide
ACIW
$5.33B
$258K 0.04%
5,387
– –
PSX icon
197
Phillips 66
PSX
$84.4B
$254K 0.04%
1,971
– –
PFG icon
198
Principal Financial Group
PFG
$24.5B
$251K 0.04%
2,845
– –
CRWD icon
199
CrowdStrike
CRWD
$229B
$249K 0.04%
+2,124
New +$270K
WH icon
200
Wyndham Hotels & Resorts
WH
$5.33B
$247K 0.04%
3,265
– –
6 7
8
9 10

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BCM
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SCM
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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
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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.