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Nicolet Bankshares
NIC

157 hedge funds and large institutions have $828M invested in Nicolet Bankshares in 2025 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 43 increasing their positions, 56 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,155% more call options, than puts

Call options by funds: $2.73M | Put options by funds: $218K

38% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 16

24% more capital invested

Capital invested by funds: $668M → $828M (+$160M)

4% more funds holding

Funds holding: 151 → 157 (+6)

2.61% more ownership

Funds ownership: 47.39% → 50% (+2.6%)

23% less repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 56

Holders
157
Holders Change
+6
Holders Change %
+3.97%
% of All Funds
2.11%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.01%
New
22
Increased
43
Reduced
56
Closed
16
Calls
$2.73M
Puts
$218K
Net Calls
+$2.52M
Net Calls Change
+$1.97M

Top Buyers

Rank Fund Capital Flow
1
First Trust Advisors
First Trust Advisors
Illinois
+$36.1M
2
Boston Partners
Boston Partners
Massachusetts
+$15.6M
3
BlackRock
BlackRock
New York
+$7.86M
4
NB
Nicolet Bankshares
Wisconsin
+$5.16M
5
UBS Group
UBS Group
Switzerland
+$4.55M

Top Sellers

Rank Fund Capital Flow
1
JP Morgan Chase
JP Morgan Chase
New York
-$5.2M
2
WAM
Weiss Asset Management
Massachusetts
-$4.51M
3
AllianceBernstein
AllianceBernstein
Tennessee
-$3.5M
4
State Street
State Street
Massachusetts
-$2.96M
5
Goldman Sachs
Goldman Sachs
New York
-$2.89M
Name Holding Trade Value Shares
Change 		Change in
Stake
IIM
76
INTECH Investment Management
Florida
$841K +$233K +2,072 +37%
Rafferty Asset Management
77
Rafferty Asset Management
New York
$818K -$115K -1,026 -12%
Carson Wealth (CWM LLC)
78
Carson Wealth (CWM LLC)
Nebraska
$817K +$2.02K +18 +0.2%
SFA
79
Sequoia Financial Advisors
Ohio
$761K – – –
CF
80
Corebridge Financial
Texas
$731K +$1.46K +13 +0.2%
NP
81
NorthRock Partners
Minnesota
$729K -$48K -427 -6%
Renaissance Technologies
82
Renaissance Technologies
New York
$717K -$1.91M -17,000 -72%
SBWIC
83
Schaper Benz & Wise Investment Counsel
Wisconsin
$695K – – –
Millennium Management
84
Millennium Management
New York
$661K -$1.05M -9,376 -61%
State of Wisconsin Investment Board
85
State of Wisconsin Investment Board
Wisconsin
$647K +$81.9K +729 +14%
Los Angeles Capital Management
86
Los Angeles Capital Management
California
$634K +$33.5K +298 +5%
Envestnet Asset Management
87
Envestnet Asset Management
Illinois
$628K -$5.51K -49 -0.8%
PP
88
PDT Partners
New York
$596K -$157K -1,393 -20%
VWM
89
Verus Wealth Management
Wisconsin
$572K – – –
New York State Common Retirement Fund
90
New York State Common Retirement Fund
New York
$543K – – –
TI
91
Tidal Investments
Wisconsin
$480K +$495K +4,402 New
Baird Financial Group
92
Baird Financial Group
Wisconsin
$473K -$2.13K -19 -0.4%
MSWM
93
McGlone Suttner Wealth Management
Wisconsin
$445K +$787 +7 +0.2%
HighTower Advisors
94
HighTower Advisors
Illinois
$432K +$445K +3,960 New
VOYA Investment Management
95
VOYA Investment Management
Georgia
$431K -$38.1K -339 -8%
ASRS
96
Arizona State Retirement System
Arizona
$428K -$674 -6 -0.2%
SG Americas Securities
97
SG Americas Securities
New York
$405K +$418K +3,720 New
AA
98
ALPS Advisors
Colorado
$340K -$59.6K -530 -15%
CWM
99
CIBC World Markets
New York
$331K +$342K +3,040 New
FIA
100
Foundations Investment Advisors
Arizona
$327K – – –
2 3
4
5 6

NIC Hedge Fund Activity: Q1 2025 in Review

157 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in Nicolet Bankshares (NIC) for Q1 2025, worth a combined $828M — up 24% from $668M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new NIC positions and 16 closed out — a net gain of 6 holders — while 43 added to existing stakes and 56 trimmed.

The largest buyer was First Trust Advisors, adding an estimated $36.1M. The largest seller was JP Morgan Chase, cutting an estimated $5.2M.

  • 157 institutional investors held Nicolet Bankshares (NIC) as of Q1 2025, up from 151 in Q4 2024.
  • Funds reported $828M of Nicolet Bankshares stock for Q1 2025, up 24% quarter-over-quarter.
  • 22 funds opened new Nicolet Bankshares positions in Q1 2025 and 16 closed out, a net change of +6 holders.
  • The largest Nicolet Bankshares buyer in Q1 2025 was First Trust Advisors, an estimated $36.1M added.
  • The largest Nicolet Bankshares seller in Q1 2025 was JP Morgan Chase, an estimated $5.2M sold.

Based on aggregated 13F filings for Q1 2025.