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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
RSPT icon
201
Invesco S&P 500 Equal Weight Technology ETF
RSPT
$5.89B
$246K 0.04%
+5,400
New +$245K
VCSH icon
202
Vanguard Short-Term Corporate Bond ETF
VCSH
$45B
$246K 0.04%
3,080
– –
AWK icon
203
American Water Works
AWK
$26.5B
$245K 0.04%
1,875
– –
DD icon
204
DuPont de Nemours
DD
$19.2B
$242K 0.04%
2,008
-4,142
-67% -$466K
APD icon
205
Air Products & Chemicals
APD
$68B
$240K 0.04%
970
+111
+13% +$28.1K
SBUX icon
206
Starbucks
SBUX
$120B
$239K 0.04%
2,842
-800
-22% -$67.5K
SCZ icon
207
iShares MSCI EAFE Small-Cap ETF
SCZ
$13.5B
$239K 0.04%
3,083
+194
+7% +$14.9K
SYK icon
208
Stryker
SYK
$131B
$235K 0.04%
668
-25
-4% -$9.11K
XLE icon
209
State Street Energy Select Sector SPDR ETF
XLE
$38.8B
$233K 0.04%
5,210
– –
AMG icon
210
Affiliated Managers Group
AMG
$9.78B
$231K 0.04%
+803
New +$208K
AMAT icon
211
Applied Materials
AMAT
$421B
$231K 0.04%
900
-900
-50% -$216K
EFV icon
212
iShares MSCI EAFE Value ETF
EFV
$30.1B
$231K 0.04%
3,238
– –
SPDW icon
213
State Street SPDR Portfolio Developed World ex-US ETF
SPDW
$41.5B
$230K 0.04%
5,178
– –
TLH icon
214
iShares 10-20 Year Treasury Bond ETF
TLH
$10.8B
$230K 0.04%
2,259
-1,126
-33% -$116K
MMM icon
215
3M
MMM
$93.8B
$227K 0.04%
+1,418
New +$232K
DTE icon
216
DTE Energy
DTE
$28.7B
$226K 0.04%
+1,750
New +$238K
GEV icon
217
GE Vernova
GEV
$264B
$219K 0.04%
335
+4
+1% +$2.44K
XLI icon
218
State Street Industrial Select Sector SPDR ETF
XLI
$34.6B
$217K 0.03%
+1,400
New +$215K
ASML icon
219
ASML
ASML
$673B
$213K 0.03%
199
-20
-9% -$20.9K
GLW icon
220
Corning
GLW
$140B
$212K 0.03%
+2,425
New +$209K
TPLC icon
221
Timothy Plan US Large/Mid Cap Core ETF
TPLC
$315M
$207K 0.03%
4,544
– –
CB icon
222
Chubb
CB
$135B
$203K 0.03%
+649
New +$190K
GILD icon
223
Gilead Sciences
GILD
$166B
$203K 0.03%
+1,650
New +$201K
PH icon
224
Parker-Hannifin
PH
$134B
$202K 0.03%
+230
New +$188K
AMP icon
225
Ameriprise Financial
AMP
$49.6B
$201K 0.03%
+410
New +$195K
6 7 8
9
10

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SCM
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NCM
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TAM
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HCM
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LP
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XL
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CI
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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.