Latest NICOLET BANKSHARES INC Stock Portfolio

NICOLET BANKSHARES INC Performance:

2025 Q4: -1.47%YTD: 35.1%2024: 16.05%

Performance for 2025 Q4 is -1.47%, and YTD is 35.1%, and 2024 is 16.05%.

About NICOLET BANKSHARES INC and 13F Hedge Fund Stock Holdings

NICOLET BANKSHARES INC is a hedge fund based in Green Bay, WI. On 2026-02-09, the fund reported it's updated stock portfolio. In the 13F Holdings report, NICOLET BANKSHARES INC reported an equity portfolio of $624 Millions as of 31 Dec, 2025.

The top stock holdings of NICOLET BANKSHARES INC are NIC, BIL, BIL. The fund has invested 17.2% of it's portfolio in NICOLET BANKSHARES INC and 6.4% of portfolio in STATE STREET SPDR PORTFOLIO S&P 500 ETF.

The fund managers got completely rid off ISHARES BITCOIN TRUST ETF, CARRIER GLOBAL CORP (CARR) and TRUIST FINL CORP (TFC) stocks. They significantly reduced their stock positions in APPLIED MATLS INC (AMAT), COMCAST CORP CL A (CMCSA) and HONEYWELL INTL INC (HON). NICOLET BANKSHARES INC opened new stock positions in STATE STREET SPDR PORTFOLIO S&P 500 ETF (BIL), VANGUARD RUSSELL 1000 ETF (BNDW) and AMERICAN CENTY ETF TR (AEMB). The fund showed a lot of confidence in some stocks as they added substantially to NETFLIX INC (NFLX), SERVICENOW INC (NOW) and VANGUARD MID-CAP GROWTH INDE (VB).

NICOLET BANKSHARES INC Annual Return Estimates Vs S&P 500

Our best estimate is that NICOLET BANKSHARES INC made a return of -1.47% in the last quarter. In trailing 12 months, it's portfolio return was 35.1%.

Performance
S&P 500

New Buys

Ticker	$ Bought
state street spdr portfolio s&p 500 etf	40,167,100
vanguard russell 1000 etf	9,855,600
american centy etf tr	968,495
jpmorgan equity premium income etf	494,038
vanguard russell 2000 etf	434,305
medtronic plc	392,117
enterprise prods partners l p com unit	385,522
vanguard extended treas index etf	340,132

New stocks bought by NICOLET BANKSHARES INC

Additions

Ticker	% Inc.
netflix inc	914
servicenow inc	241
vanguard mid-cap growth inde	211
emerson elec co	184
vanguard information technology etf	178
jpmorgan ultra short inc etf	149
victoryshares core intermediate bond etf	128
state street utilities select sector spdr etf	127

Additions to existing portfolio by NICOLET BANKSHARES INC

Reductions

Ticker	% Reduced
applied matls inc	-50.00
comcast corp cl a	-49.78
honeywell intl inc	-44.49
state street spdr s&p 500 growth etf	-42.57
zimmer biomet holdings, inc.	-41.89
blackrock inc	-40.52
grainger w w inc	-38.06
chipotle mexican grill inc-cl a	-37.92

NICOLET BANKSHARES INC reduced stake in above stock

Sold off

Ticker	$ Sold
ishares bitcoin trust etf	-1,285,120
carrier global corp	-694,192
bath & body works inc	-269,037
truist finl corp	-456,651
at&t inc	-211,659
verizon communications inc	-240,187
financial sector spdr fund	-287,127
masco corp	-366,732

NICOLET BANKSHARES INC got rid off the above stocks

Sector Distribution

NICOLET BANKSHARES INC has about 53.2% of it's holdings in Others sector.

Sector	%
Others	53.2
Financial Services	20.6
Technology	9.9
Industrials	3.2
Communication Services	3.2
Consumer Cyclical	2.8
Healthcare	2.7
Consumer Defensive	2.3
Energy	1.1

Market Cap. Distribution

NICOLET BANKSHARES INC has about 29.1% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	53
MEGA-CAP	17.9
SMALL-CAP	17.3
LARGE-CAP	11.2

Stocks belong to which Index?

About 46.2% of the stocks held by NICOLET BANKSHARES INC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	53.8
S&P 500	28.8
RUSSELL 2000	17.4

Top 5 Winners (%)		%
LLY	lilly (eli) & co	39.9 %
AMD	advanced micro devices inc	32.4 %
LRCX	lam research corp	27.1 %
FCX	freeport-mcmoran inc	26.9 %
GOOG	alphabet inc cap stk cl a	26.8 %

Top 5 Winners ($)		$
GOOG	alphabet inc cap stk cl c	1.7 M
GOOG	alphabet inc cap stk cl a	1.6 M
BIL	state street spdr portfolio s&p 500 value etf	1.3 M
AAPL	apple inc	1.1 M
VB	vanguard s&p 500 etf	0.7 M

Top 5 Losers (%)		%
NFLX	netflix inc	-86.6 %
NOW	servicenow inc	-76.4 %
DD	dupont de nemours inc	-43.1 %
XLB	state street utilities select sector spdr etf	-42.9 %
XLB	state street energy select sector spdr etf	-42.8 %

Top 5 Losers ($)		$
NIC	nicolet bankshares inc	-11.7 M
NFLX	netflix inc	-6.3 M
NOW	servicenow inc	-1.3 M
ORCL	oracle corporation	-1.0 M
MSFT	microsoft corp	-1.0 M

NICOLET BANKSHARES INC Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of NICOLET BANKSHARES INC

NICOLET BANKSHARES INC has 226 stocks in it's portfolio. About 50.5% of the portfolio is in top 10 stocks. NIC proved to be the most loss making stock for the portfolio. GOOG was the most profitable stock for NICOLET BANKSHARES INC last quarter.

Last Reported on: 09 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc	2.59	59,427	16,155,800	reduced	-10.69

AAXJ	ishares s&p global infrastructure idx etf	0.10	10,545	647,041	added	0.72

AAXJ	ishares national muni bond etf	0.10	5,527	591,997	unchanged	0.00

AAXJ	ishares tr	0.05	3,285	312,798	new

AAXJ	ishares barclays 3-7 year treasury bd fd	0.04	2,186	260,899	new

AAXJ	ishares msci eafe sm capidx	0.04	3,083	239,025	added	6.72

AAXJ	ishares tr	0.04	3,238	231,226	unchanged	0.00

AAXJ	ishares 10-20 year treasury bond etf	0.04	2,259	229,673	reduced	-33.26

ABBV	abbvie inc	0.22	5,869	1,341,010	added	2.82

ABC	cencora, inc.	0.21	3,821	1,290,540	reduced	-22.53

ABT	abbott labs	0.40	20,059	2,513,190	reduced	-19.11

ACES	alps etf tr alerian mlp etf new	0.94	125,324	5,892,740	reduced	-4.32

ACIW	aci worldwide inc	0.04	5,387	257,552	unchanged	0.00

ACN	accenture plc class a	0.12	2,663	714,483	reduced	-2.28

ADBE	adobe sys inc	0.18	3,272	1,145,170	reduced	-33.58

ADI	analog devices inc	0.27	6,275	1,701,780	reduced	-16.73

AEMB	avantis emerging markets equity etf	2.84	230,389	17,744,600	added	14.16

AEMB	avantis investors	1.33	190,247	8,281,450	added	3.01

AEMB	american centy etf tr	0.16	11,765	968,495	new

AFL	aflac inc	0.07	4,087	450,673	unchanged	0.00