Latest NICOLET BANKSHARES INC Stock Portfolio

NICOLET BANKSHARES INC Performance:

2025 Q3: 4.73%YTD: 32.54%2024: 11.44%

Performance for 2025 Q3 is 4.73%, and YTD is 32.54%, and 2024 is 11.44%.

About NICOLET BANKSHARES INC and 13F Hedge Fund Stock Holdings

NICOLET BANKSHARES INC is a hedge fund based in GREEN BAY, WI. On 14-Apr-2023, the fund reported that it had an AUM (Regulated Assets under Management) of $2.9 Billions. In it's latest 13F Holdings report, NICOLET BANKSHARES INC reported an equity portfolio of $622.3 Millions as of 30 Sep, 2025.

The top stock holdings of NICOLET BANKSHARES INC are NIC, BIL, BIL. The fund has invested 19.2% of it's portfolio in NICOLET BANKSHARES INC and 9.4% of portfolio in STATE STREET SPDR PORTFOLIO S&P 500 VALUE ETF.

The fund managers got completely rid off VANGUARD HIGH DIVIDEND YIELD ETF (VIGI), CIGNA GROUP (CI) and HALLIBURTON CO (HAL) stocks. They significantly reduced their stock positions in CDW CORP (CDW), TRUIST FINL CORP (TFC) and ISHARES MSCI EAFE SM CAPIDX (AAXJ). NICOLET BANKSHARES INC opened new stock positions in SPDR INDEX SHS FDS (CWI), VICTORYSHARES CORE INTERMEDIATE BOND ETF (CDC) and CITIGROUP INC (C). The fund showed a lot of confidence in some stocks as they added substantially to VANGUARD SHORT-TERM TREASURY INDEX FUND (BNDW), ISHARES CORE S&P MID-CAP ETF (IJR) and CARRIER GLOBAL CORP (CARR).

NICOLET BANKSHARES INC Annual Return Estimates Vs S&P 500

Our best estimate is that NICOLET BANKSHARES INC made a return of 4.73% in the last quarter. In trailing 12 months, it's portfolio return was 33.08%.

New Buys

Ticker	$ Bought
spdr index shs fds	1,673,650
victoryshares core intermediate bond etf	613,008
citigroup inc	607,985
kkr & co inc cl a	427,146
tapestry inc	419,820
vanguard short-term corporate bond etf	246,184
synopsys inc	237,814
air prods & chems inc	234,266

New stocks bought by NICOLET BANKSHARES INC

Additions

Ticker	% Inc.
vanguard short-term treasury index fund	136
ishares core s&p mid-cap etf	86.24
carrier global corp	66.42
netflix inc	56.31
conocophillips	37.02
ishares s&p global infrastructure idx etf	35.46
rtx corporation	33.66
pfizer inc	30.56

Additions to existing portfolio by NICOLET BANKSHARES INC

Reductions

Ticker	% Reduced
cdw corp	-52.88
truist finl corp	-51.96
ishares msci eafe sm capidx	-43.26
fedex corporation	-42.1
vanguard total bond market etf	-40.8
blackrock inc	-36.26
ishares dow jones select div ind	-35.04
bath & body works inc	-31.47

NICOLET BANKSHARES INC reduced stake in above stock

Sold off

Ticker	$ Sold
halliburton co	-235,002
vanguard long-term treasury index fd	-200,853
vanguard high dividend yield etf	-267,953
cigna group	-244,960
ameriprise financial inc	-226,835
roper technologies, inc	-200,095

NICOLET BANKSHARES INC got rid off the above stocks

Sector Distribution

NICOLET BANKSHARES INC has about 47.6% of it's holdings in Others sector.

Sector	%
Others	47.6
Financial Services	23
Technology	11.5
Industrials	3.5
Consumer Cyclical	3.4
Communication Services	3.2
Consumer Defensive	2.9
Healthcare	2.6
Energy	1.1

Market Cap. Distribution

NICOLET BANKSHARES INC has about 32.8% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	47.4
MEGA-CAP	20.2
SMALL-CAP	19.3
LARGE-CAP	12.6

Stocks belong to which Index?

About 52.1% of the stocks held by NICOLET BANKSHARES INC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	47.9
S&P 500	32.7
RUSSELL 2000	19.4

Top 5 Winners (%)		%
INTC	intel corp	49.8 %
LRCX	lam research corp	37.6 %
GOOG	alphabet inc cap stk cl c	37.3 %
GOOG	alphabet inc cap stk cl a	36.8 %
ORCL	oracle corporation	27.7 %

Top 5 Winners ($)		$
NIC	nicolet bankshares inc	9.8 M
AAPL	apple inc	3.3 M
NVDA	nvidia corp	2.2 M
GOOG	alphabet inc cap stk cl c	1.9 M
GOOG	alphabet inc cap stk cl a	1.4 M

Top 5 Losers (%)		%
CMG	chipotle mexican grill inc-cl a	-30.2 %
ACN	accenture plc class a	-17.5 %
FIS	fidelity natl information	-17.5 %
BBWI	bath & body works inc	-14.0 %
CRM	salesforce, inc.	-13.1 %

Top 5 Losers ($)		$
CMG	chipotle mexican grill inc-cl a	-0.6 M
COST	costco wholesale corp	-0.4 M
CRM	salesforce, inc.	-0.3 M
SNDR	schneider national inc	-0.2 M
DE	deere & co	-0.2 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 218 stocks in it's portfolio. About 53.5% of the portfolio is in top 10 stocks. CMG proved to be the most loss making stock for the portfolio. NIC was the most profitable stock for NICOLET BANKSHARES INC last quarter.

Last Reported on: 13 Nov, 2025

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc	2.72	66,541	16,943,300	reduced	-0.75

AAXJ	ishares s&p global infrastructure idx etf	0.10	10,470	639,926	added	35.46

AAXJ	ishares national muni bond etf	0.10	5,527	588,570	reduced	-8.31

AAXJ	ishares 10-20 year treasury bond etf	0.06	3,385	348,621	reduced	-26.6

AAXJ	ishares msci eafe sm capidx	0.04	2,889	221,644	reduced	-43.26

AAXJ	ishares tr	0.04	3,238	219,634	unchanged	0.00

ABBV	abbvie inc	0.21	5,708	1,321,630	added	5.47

ABC	cencora, inc.	0.25	4,932	1,541,400	added	23.83

ABT	abbott labs	0.53	24,797	3,321,310	added	2.11

ACES	alps etf tr alerian mlp etf new	0.99	130,978	6,146,800	reduced	-5.15

ACIW	aci worldwide inc	0.05	5,387	284,272	unchanged	0.00

ACN	accenture plc class a	0.11	2,725	671,985	reduced	-16.64

ADBE	adobe sys inc	0.28	4,926	1,737,650	added	9.54

ADI	analog devices inc	0.30	7,536	1,851,600	added	4.72

AEMB	avantis emerging markets equity etf	2.44	201,816	15,158,400	added	3.44

AEMB	avantis investors	1.32	184,695	8,215,230	added	25.42

AFL	aflac inc	0.07	4,087	456,518	unchanged	0.00

AGNG	global x fds s&p 500 catholic	0.09	6,668	540,498	unchanged	0.00

AGZD	wisdomtree l/c dividend fund	0.07	5,084	442,461	unchanged	0.00

AMAT	applied matls inc	0.06	1,800	368,532	unchanged	0.00