NICOLET BANKSHARES INC
CIK 1174850 · View on SEC EDGAR ↗
- Portfolio value
- $1.6B
- Positions
- 615
- As of
- June 30, 2026
#1,810 of 9,443 by 13F value · top 19.2%
Portfolio value QoQ: +36.4% 13F does not disclose cash
- Top 10 holdings weight
- 26.76%
- Top 25 holdings weight
- 43.41%
- Positions above 1%
- 20
- Effective number of positions
- 86.1
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 14.17% Est. buys $378,506,373 · sells $191,472,232
Median holding: 2.0 quarters Tracked Q4 2024–Q2 2026 · 92.6% still held
- New positions
- 88
- Increased
- 206
- Decreased
- 247
- Closed
- 35
On this page
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Sector breakdown
Technology
11.8%
Industrials
6.8%
Healthcare
4.7%
Financials
3.4%
Retail
2.9%
Communication Services
2.9%
Financial Services
2.3%
Utilities
1.4%
Energy
1.3%
Consumer Staples
1.1%
Consumer Discretionary
0.8%
Communications
0.5%
Real Estate
0.5%
Consumer products
0.4%
Telecommunication
0.3%
Materials
0.3%
Logistics & Transportation
0.1%
Packaging
0.0%
N/A
0.0%
Other/Unmapped
58.4%
Full portfolio 615 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| SPYM | $79,619,104 | 5.11% | 905,998 | $79,354,046 | Up ×1 | ||
| ITOT | $54,735,194 | 3.51% | 331,608 | $8,481,137 | Up ×1 | ||
| AAPL Apple Inc. - Common Stock | $51,381,944 | 3.30% | 177,571 | $50,253,087 | Up ×1 | ||
| SPYV | $39,836,112 | 2.55% | 655,307 | $826,409 | Down ×1 | ||
| SCHV | $39,212,038 | 2.51% | 1,126,459 | $2,817,669 | Down ×1 | ||
| VOO | $36,464,116 | 2.34% | 53,092 | $3,408,845 | Down ×1 | ||
| VONG Vanguard Russell 1000 Growth ETF | $33,108,030 | 2.12% | 259,041 | $3,985,445 | Down ×1 | ||
| AVEM | $28,884,184 | 1.85% | 299,349 | $5,685,686 | Up ×6 | ||
| MUB | $27,680,510 | 1.78% | 257,206 | $27,374,586 | Up ×1 | ||
| SPYG | $26,316,899 | 1.69% | 221,169 | $4,397,983 | Down ×1 | ||
| IEFA | $25,191,251 | 1.62% | 260,833 | $1,058,308 | Down ×1 | ||
| MSFT Microsoft Corporation - Common Stock | $21,674,700 | 1.39% | 58,106 | $80,093 | Down ×1 | ||
| SPY SPY | $18,893,281 | 1.21% | 25,300 | $1,537,658 | Down ×1 | ||
| SCHB | $18,830,082 | 1.21% | 650,210 | $1,265,554 | Down ×1 | ||
| VEA | $18,153,075 | 1.16% | 254,780 | $3,195,393 | Up ×6 | ||
| NVDA NVIDIA Corporation - Common Stock | $18,088,736 | 1.16% | 90,403 | $3,664,810 | Up ×2 | ||
| IVV | $16,247,168 | 1.04% | 21,695 | $1,395,786 | Down ×1 | ||
| VONE Vanguard Russell 1000 ETF | $16,170,492 | 1.04% | 47,740 | $2,843,758 | Up ×2 | ||
| AMZN Amazon.com, Inc. - Common Stock | $16,131,565 | 1.03% | 67,683 | $15,921,213 | Up ×1 | ||
| SPAB | $15,689,237 | 1.01% | 614,782 | $231,692 | Up ×1 | ||
| GOOG Alphabet Inc. - Class C Capital Stock | $15,283,642 | 0.98% | 43,256 | $2,938,049 | Up ×2 | ||
| VCLT Vanguard Long-Term Corporate Bond ETF | $15,241,812 | 0.98% | 202,549 | $-253,397 | Down ×1 | ||
| AGG | $15,210,059 | 0.98% | 153,668 | $-421,491 | Down ×1 | ||
| IVW | $14,534,720 | 0.93% | 105,684 | $2,515,765 | Down ×1 | ||
| VCSH Vanguard Short-Term Corporate Bond ETF | $14,306,169 | 0.92% | 181,022 | $-144,514 | Down ×1 | ||
| JPM JP Morgan Chase & Co. Common Stock | $13,950,225 | 0.89% | 42,618 | $11,930,817 | Up ×1 | ||
| GOOGL Alphabet Inc. - Class A Common Stock | $12,519,028 | 0.80% | 35,031 | $2,040,917 | Down ×1 | ||
| MU Micron Technology, Inc. - Common Stock | $12,404,000 | 0.80% | 10,746 | $8,052,283 | Down ×1 | ||
| CAT Caterpillar, Inc. Common Stock | $11,728,808 | 0.75% | 11,014 | $3,874,112 | Down ×1 | ||
| VO | $11,415,721 | 0.73% | 141,687 | $2,484,998 | Up ×2 | ||
| SUB | $10,017,461 | 0.64% | 94,184 | $1,769,533 | Up ×1 | ||
| ORCL Oracle Corporation Common Stock | $9,995,735 | 0.64% | 68,207 | $9,541,460 | Up ×1 | ||
| AVRE | $9,717,590 | 0.62% | 205,099 | $785,492 | Up ×2 | ||
| META Meta Platforms, Inc. - Class A Common Stock | $9,547,765 | 0.61% | 16,950 | $-1,222,009 | Down ×1 | ||
| UAL United Airlines Holdings, Inc. - Common Stock | $9,083,996 | 0.58% | 66,799 | $4,949,870 | Up ×1 | ||
| AVGO Broadcom Inc. - Common Stock | $8,506,552 | 0.55% | 22,519 | $1,447,867 | Down ×1 | ||
| EFA | $8,451,053 | 0.54% | 81,354 | $534,764 | Down ×1 | ||
| LLY Eli Lilly and Company Common Stock | $8,439,189 | 0.54% | 7,036 | $1,983,323 | Up ×2 | ||
| ABBV AbbVie Inc. Common Stock | $8,053,235 | 0.52% | 32,003 | $718,168 | Down ×1 | ||
| INTC Intel Corporation - Common Stock | $7,736,758 | 0.50% | 55,409 | $7,424,495 | Up ×1 | ||
| IBIT iShares Bitcoin Trust ETF | $7,628,508 | 0.49% | 211,199 | $7,330,062 | Up ×1 | ||
| JNJ Johnson & Johnson Common Stock | $7,597,903 | 0.49% | 29,916 | $7,232,221 | Up ×1 | ||
| BRKB | $7,393,637 | 0.47% | 14,775 | $-194,016 | Down ×1 | ||
| UMBF UMB Financial Corporation - Common Stock | $7,360,277 | 0.47% | 51,557 | $6,864,114 | Up ×1 | ||
| JEPI | $7,076,096 | 0.45% | 125,285 | $1,179,960 | Up ×2 | ||
| VTI | $7,012,998 | 0.45% | 18,952 | $924,346 | Down ×1 | ||
| CSCO Cisco Systems, Inc. - Common Stock | $6,848,035 | 0.44% | 58,301 | $6,592,609 | Up ×1 | ||
| MLN | $6,623,174 | 0.42% | 372,507 | $-89,133 | Down ×1 | ||
| AMD Advanced Micro Devices, Inc. - Common Stock | $6,367,354 | 0.41% | 10,961 | $6,123,093 | Down ×1 | ||
| XLU XLU | $6,258,144 | 0.40% | 138,027 | $617,116 | Up ×3 | ||
| URI United Rentals, Inc. Common Stock | $6,251,286 | 0.40% | 5,518 | $2,161,151 | Down ×1 | ||
| IWF | $6,248,110 | 0.40% | 50,319 | $875,044 | Up ×2 | ||
| OSK Oshkosh Corporation (Holding Company)Common Stock | $6,204,803 | 0.40% | 43,023 | $-164,796 | Up ×1 | ||
| COST Costco Wholesale Corporation - Common Stock | $6,145,102 | 0.39% | 6,569 | $-625,639 | Down ×1 | ||
| IVE | $6,109,276 | 0.39% | 26,906 | $428,074 | |||
| VUSB | $6,094,267 | 0.39% | 122,424 | $274,351 | Up ×1 | ||
| AMLP | $5,521,299 | 0.35% | 106,486 | $-584,098 | Down ×1 | ||
| AVDE | $5,498,823 | 0.35% | 61,646 | $1,324,695 | Up ×2 | ||
| VOE | $5,447,437 | 0.35% | 27,568 | $790,129 | Up ×5 | ||
| VB | $5,245,794 | 0.34% | 17,306 | $743,390 | Up ×6 | ||
| JEPQ JPMorgan Nasdaq Equity Premium Income ETF | $5,217,277 | 0.33% | 84,889 | $1,339,982 | Up ×1 | ||
| CWI | $5,178,267 | 0.33% | 127,324 | $753,255 | Up ×3 | ||
| SPDW | $4,926,731 | 0.32% | 97,772 | $224,781 | Down ×1 | ||
| HDEF | $4,835,559 | 0.31% | 150,453 | $911,259 | Up ×1 | ||
| CVX Chevron Corporation Common Stock | $4,810,355 | 0.31% | 29,020 | $-1,387,334 | Down ×1 | ||
| IEMG | $4,743,004 | 0.30% | 57,255 | $664,862 | Down ×1 | ||
| XOM Exxon Mobil Corporation Common Stock | $4,737,621 | 0.30% | 34,652 | $3,448,205 | Up ×1 | ||
| DIVO | $4,674,790 | 0.30% | 102,293 | $950,357 | Up ×1 | ||
| WMT Walmart Inc. - Common Stock | $4,564,462 | 0.29% | 40,300 | $3,943,186 | Up ×1 | ||
| FNDF | $4,511,719 | 0.29% | 85,514 | $327,519 | |||
| ABT Abbott Laboratories Common Stock | $4,487,909 | 0.29% | 49,459 | $4,193,657 | Up ×1 | ||
| HD Home Depot, Inc. (The) Common Stock | $4,462,812 | 0.29% | 12,654 | $24,114 | Down ×1 | ||
| VTV | $4,453,399 | 0.29% | 20,435 | $428,356 | Down ×1 | ||
| SCHD | $4,437,180 | 0.28% | 139,930 | $966,291 | Up ×1 | ||
| FSCC | $4,353,723 | 0.28% | 116,628 | $1,710,511 | Up ×1 | ||
| IWM | $4,349,013 | 0.28% | 14,475 | $759,213 | |||
| VGIT Vanguard Intermediate-Term Treasury ETF | $4,295,726 | 0.28% | 73,044 | $87,892 | Up ×1 | ||
| PG Procter & Gamble Company (The) Common Stock | $4,255,229 | 0.27% | 29,018 | $3,707,946 | Up ×1 | ||
| AMJB | $4,202,640 | 0.27% | 121,851 | $-418,193 | Down ×3 | ||
| V Visa Inc. | $4,175,405 | 0.27% | 12,170 | $358,718 | Down ×1 | ||
| VCIT Vanguard Intermediate-Term Corporate Bond ETF | $4,072,083 | 0.26% | 49,269 | $3,575,335 | Up ×1 | ||
| IWY | $3,944,957 | 0.25% | 13,708 | Up ×1 | |||
| C Citigroup, Inc. Common Stock | $3,805,932 | 0.24% | 27,193 | $148,460 | Down ×1 | ||
| AMAT Applied Materials, Inc. - Common Stock | $3,792,858 | 0.24% | 5,246 | $2,027,855 | Up ×2 | ||
| OMC Omnicom Group Inc. Common Stock | $3,787,815 | 0.24% | 52,009 | $1,068,823 | Up ×1 | ||
| PANW Palo Alto Networks, Inc. - Common Stock | $3,785,322 | 0.24% | 11,100 | $1,941,803 | Down ×1 | ||
| KO Coca-Cola Company (The) Common Stock | $3,772,227 | 0.24% | 46,416 | $190,577 | Down ×1 | ||
| SPSM | $3,750,774 | 0.24% | 65,711 | $636,680 | Up ×1 | ||
| PFF iShares Preferred and Income Securities ETF | $3,746,276 | 0.24% | 122,869 | $410,440 | Up ×1 | ||
| GPN Global Payments Inc. Common Stock | $3,718,990 | 0.24% | 51,254 | $47,910 | Down ×1 | ||
| IQV IQVIA Holdings, Inc. Common Stock | $3,681,614 | 0.24% | 19,054 | $2,600,562 | Up ×1 | ||
| MA Mastercard Incorporated Common Stock | $3,659,400 | 0.23% | 7,125 | $-359,865 | Down ×1 | ||
| SMB | $3,608,800 | 0.23% | 208,000 | $10,400 | |||
| VUG | $3,589,367 | 0.23% | 41,669 | $521,792 | Up ×3 | ||
| FIS Fidelity National Information Services, Inc. Common Stock | $3,577,232 | 0.23% | 92,007 | $3,122,252 | Up ×2 | ||
| JAZZ Jazz Pharmaceuticals plc - Ordinary Shares | $3,567,802 | 0.23% | 14,806 | $122,555 | Down ×1 | ||
| DE Deere & Company Common Stock | $3,563,666 | 0.23% | 5,618 | $2,980,088 | Up ×1 | ||
| GLW Corning Incorporated Common Stock | $3,550,477 | 0.23% | 13,900 | $1,363,264 | Down ×1 | ||
| CRM Salesforce, Inc. Common Stock | $3,485,371 | 0.22% | 22,248 | $-357,231 | Up ×2 | ||
| UTHR United Therapeutics Corporation - Common Stock | $3,463,919 | 0.22% | 6,393 | $-940,143 | Down ×1 | ||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| AVEM | $28,884,184 | 1.85% | up ×6 |
| VEA | $18,153,075 | 1.16% | up ×6 |
| XLU | $6,258,144 | 0.40% | up ×3 |
| VOE | $5,447,437 | 0.35% | up ×5 |
| VB | $5,245,794 | 0.34% | up ×6 |
| CWI | $5,178,267 | 0.33% | up ×3 |
| VUG | $3,589,367 | 0.23% | up ×3 |
| GS | $3,442,470 | 0.22% | up ×5 |
| PM | $3,282,973 | 0.21% | up ×3 |
| GEV | $3,029,155 | 0.19% | up ×3 |
| UITB | $2,802,598 | 0.18% | up ×3 |
| NOW | $2,787,682 | 0.18% | up ×6 |
| VXUS | $2,745,596 | 0.18% | up ×5 |
| VOT | $2,584,253 | 0.17% | up ×4 |
| TSLA | $2,344,845 | 0.15% | up ×3 |
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| IWY | $3,944,957 | 13,708 | 0.25% |
| IOO | $1,686,743 | 12,159 | 0.11% |
| BCS | $1,570,289 | 58,462 | 0.10% |
| FYC | $1,405,852 | 11,335 | 0.09% |
| DAR | $1,262,651 | 23,117 | 0.08% |
| PLTU | $1,178,957 | 46,784 | 0.08% |
| KDP | $1,169,737 | 35,739 | 0.08% |
| SMMT | $1,057,680 | 72,593 | 0.07% |
| WDAY | $979,849 | 8,004 | 0.06% |
| Unknown issuer (CUSIP: 43849R105) | $947,769 | 4,287 | 0.06% |
| PGX | $888,888 | 81,400 | 0.06% |
| IGHG | $808,426 | 10,330 | 0.05% |
| FRDM | $765,642 | 10,770 | 0.05% |
| CTSH | $759,921 | 19,621 | 0.05% |
| SJM | $719,887 | 6,399 | 0.05% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| ITOT | Bought more | +9K | +$8.5M |
| MU | Trimmed | -2K | +$8.1M |
| AVEM | Bought more | +11K | +$5.7M |
| UAL | Bought more | +22K | +$4.9M |
| SPYG | Trimmed | -3K | +$4.4M |
| VONG | Trimmed | -6K | +$4.0M |
| CAT | Trimmed | -73 | +$3.9M |
| NVDA | Bought more | +8K | +$3.7M |
| XOM | Bought more | +27K | +$3.4M |
| VOO | Trimmed | -2K | +$3.4M |
16 positions hidden (data completeness check)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| NIC | March 31, 2026 | 883,159 | $107,127,187 | 16.4% |
| SLNO | June 30, 2026 | 156,766 | $5,248,525 | No longer tracked |
| HON | June 30, 2026 | 8,708 | $1,968,269 | -1.9% |
| IBIT | Dec. 31, 2025 | 19,771 | $1,285,115 | |
| OKTA | June 30, 2026 | 11,493 | $904,614 | -2.7% |
| WIX | June 30, 2026 | 9,970 | $897,998 | 77.0% |
| CARR | Dec. 31, 2025 | 11,628 | $694,192 | 15.3% |
| POCT | June 30, 2025 | 14,000 | $543,900 | No longer tracked |
| TFC | Dec. 31, 2025 | 9,988 | $456,651 | 3.0% |
| CTRA | June 30, 2026 | 12,994 | $456,609 | No longer tracked |
| MAS | Dec. 31, 2025 | 5,210 | $366,732 | 16.1% |
| AON | March 31, 2025 | 1,000 | $359,160 | -11.5% |
| DHI | June 30, 2026 | 2,279 | $312,724 | -8.9% |
| XLF | Dec. 31, 2025 | 5,330 | $287,127 | No longer tracked |
| AMCR | June 30, 2026 | 6,957 | $283,148 | 11.1% |
| EPAM | June 30, 2026 | 2,053 | $277,401 | 34.8% |
| AWK | June 30, 2026 | 2,024 | $275,446 | 4.1% |
| MGRC | June 30, 2026 | 2,415 | $270,480 | -3.5% |
| BBWI | Dec. 31, 2025 | 10,444 | $269,037 | -3.1% |
| VYM | Sept. 30, 2025 | 2,010 | $267,953 | No longer tracked |
| SYY | June 30, 2026 | 3,703 | $267,222 | 0.6% |
| GXO | June 30, 2026 | 4,953 | $264,886 | -9.5% |
| BSY | June 30, 2026 | 7,685 | $262,827 | 20.2% |
| NOC | June 30, 2026 | 375 | $261,375 | 9.8% |
| MUSA | June 30, 2026 | 525 | $259,781 | 6.3% |
| STZ | June 30, 2026 | 1,687 | $254,830 | -3.4% |
| CI | Sept. 30, 2025 | 741 | $244,960 | -4.0% |
| PR | June 30, 2026 | 11,780 | $242,668 | 29.3% |
| DD | March 31, 2026 | 6,023 | $242,125 | 206.0% |
| EDV | June 30, 2026 | 3,722 | $241,744 | No longer tracked |
| VZ | Dec. 31, 2025 | 5,465 | $240,187 | 21.4% |
| SNPS | Dec. 31, 2025 | 482 | $237,814 | -15.2% |
| HAL | Sept. 30, 2025 | 11,531 | $235,002 | 44.4% |
| GCT | June 30, 2026 | 5,178 | $234,977 | 58.8% |
| MDU | June 30, 2026 | 11,120 | $233,854 | -4.2% |
| AVY | June 30, 2026 | 1,336 | $231,262 | 12.5% |
| TLH | March 31, 2026 | 2,259 | $229,673 | No longer tracked |
| TROW | March 31, 2025 | 2,008 | $227,085 | 23.8% |
| AMP | Sept. 30, 2025 | 425 | $226,835 | 13.9% |
| DUK | March 31, 2025 | 2,080 | $224,099 | 0.2% |
| DLX | June 30, 2026 | 8,000 | $220,320 | -0.5% |
| AKRE | June 30, 2026 | 4,088 | $215,438 | No longer tracked |
| CDW | Dec. 31, 2025 | 1,348 | $214,709 | -2.4% |
| TSCO | Dec. 31, 2025 | 3,750 | $213,263 | -30.2% |
| UPS | June 30, 2025 | 1,934 | $212,721 | 2.4% |
| T | Dec. 31, 2025 | 7,495 | $211,659 | 2.1% |
| ABNB | June 30, 2026 | 1,687 | $211,196 | 29.2% |
| GWX | June 30, 2026 | 4,851 | $208,936 | No longer tracked |
| GII | June 30, 2026 | 2,728 | $208,164 | No longer tracked |
| FBTC | Dec. 31, 2025 | 2,076 | $207,206 | No longer tracked |
| TSCO | June 30, 2025 | 3,750 | $206,625 | -33.9% |
| TPLC | March 31, 2026 | 4,544 | $206,525 | No longer tracked |
| TROW | Dec. 31, 2025 | 2,008 | $206,101 | 11.1% |
| LAD | June 30, 2026 | 813 | $203,917 | 27.9% |
| AGO | June 30, 2026 | 2,506 | $202,084 | -7.6% |
| ZTS | June 30, 2025 | 1,223 | $201,367 | -50.9% |
| ED | June 30, 2026 | 1,779 | $201,347 | -2.4% |
| CNP | June 30, 2026 | 4,652 | $201,199 | -10.3% |
| VGLT | Sept. 30, 2025 | 3,579 | $200,853 | |
| ROP | Sept. 30, 2025 | 353 | $200,095 | -18.8% |
| ODFL | June 30, 2026 | 1,002 | $200,029 | -4.1% |
| WNC | June 30, 2026 | 15,458 | $132,628 | -11.0% |
| NOK | June 30, 2026 | 15,510 | $128,268 | -23.0% |
| CLF | June 30, 2026 | 10,937 | $90,446 | 23.3% |
| HRTX | June 30, 2026 | 16,000 | $12,856 | -27.4% |