Latest Nicollet Investment Management, Inc. Stock Portfolio

Nicollet Investment Management, Inc. Performance:

2025 Q2: 7.77%YTD: 1.43%2024: 16.85%

Performance for 2025 Q2 is 7.77%, and YTD is 1.43%, and 2024 is 16.85%.

About Nicollet Investment Management, Inc. and 13F Hedge Fund Stock Holdings

In it's latest 13F Holdings report, Nicollet Investment Management, Inc. reported an equity portfolio of $298.6 Millions as of 30 Jun, 2025.

The top stock holdings of Nicollet Investment Management, Inc. are MSFT, AMZN, META. The fund has invested 8.6% of it's portfolio in MICROSOFT CORP and 7.6% of portfolio in AMAZON COM INC.

They significantly reduced their stock positions in ELI LILLY (LLY), XCEL ENERGY INC (XEL) and BROADCOM INC (AVGO). Nicollet Investment Management, Inc. opened new stock positions in HF SINCLAIR CORP (DINO), MEDTRONIC INC (MDT) and ISHARES CORE S&P SMALL CAP ETF (IJR). The fund showed a lot of confidence in some stocks as they added substantially to FASTENAL COMPANY (FAST) and SPDR S&P 500 ETF (SPY).

Nicollet Investment Management, Inc. Annual Return Estimates Vs S&P 500

Our best estimate is that Nicollet Investment Management, Inc. made a return of 7.77% in the last quarter. In trailing 12 months, it's portfolio return was 7.18%.

New Buys

Ticker	$ Bought
hf sinclair corp	536,000
medtronic inc	275,000
ishares core s&p small cap etf	206,000

New stocks bought by Nicollet Investment Management, Inc.

Additions

Ticker	% Inc.
fastenal company	89.18
spdr s&p 500 etf	0.3

Additions to existing portfolio by Nicollet Investment Management, Inc.

Reductions

Ticker	% Reduced
eli lilly	-65.45
xcel energy inc	-14.5
broadcom inc	-10.53
home depot inc.	-8.41
alphabet inc cl c	-7.33
costco wholesale corp	-6.68
ecolab inc.	-5.76
tjx cos inc new	-5.64

Nicollet Investment Management, Inc. reduced stake in above stock

Sold off

None of the stocks were completely sold off by Nicollet Investment Management, Inc.

Sector Distribution

Nicollet Investment Management, Inc. has about 31.8% of it's holdings in Technology sector.

Sector	%
Technology	31.8
Communication Services	13.5
Consumer Cyclical	11.5
Others	11.2
Industrials	10.2
Financial Services	6.7
Healthcare	5.4
Energy	2.9
Consumer Defensive	2.4
Basic Materials	2.2
Real Estate	1.9

Market Cap. Distribution

Nicollet Investment Management, Inc. has about 85.8% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MEGA-CAP	53.7
LARGE-CAP	32.1
UNALLOCATED	11.2
MID-CAP	3

Stocks belong to which Index?

About 84.6% of the stocks held by Nicollet Investment Management, Inc. either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	83.5
Others	15.5
RUSSELL 2000	1.1

Top 5 Winners (%)		%
AVGO	broadcom inc	61.6 %
ORCL	oracle corp	54.8 %
NVDA	nvidia	45.2 %
MSFT	microsoft corp	31.9 %
IONS	ionis pharmaceuticals inc	30.3 %

Top 5 Winners ($)		$
MSFT	microsoft corp	6.5 M
NVDA	nvidia	3.9 M
META	meta platforms inc cl a	3.9 M
ORCL	oracle corp	3.1 M
AMZN	amazon com inc.	3.1 M

Top 5 Losers (%)		%
FAST	fastenal company	-44.8 %
UNH	unitedhealth group inc	-40.4 %
SLB	schlumberger ltd	-19.0 %
TMO	thermo fisher scientific	-18.5 %
LULU	lululemon athletica inc	-15.8 %

Top 5 Losers ($)		$
FAST	fastenal company	-2.7 M
UNH	unitedhealth group inc	-1.8 M
AAPL	apple computer	-1.4 M
SLB	schlumberger ltd	-1.0 M
TMO	thermo fisher scientific	-0.6 M

Nicollet Investment Management, Inc. Holdings Map

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

Current Stock Holdings of Nicollet Investment Management, Inc.

Nicollet Investment Management, Inc. has 73 stocks in it's portfolio. About 49.6% of the portfolio is in top 10 stocks. FAST proved to be the most loss making stock for the portfolio. MSFT was the most profitable stock for Nicollet Investment Management, Inc. last quarter.

Last Reported on: 07 Aug, 2025

	Ticker	Namesorted descending	% Portfolio	Shares Held	$ Value	Type	% Change
	MSFT	microsoft corp	8.61	51,672	25,702,000	reduced	-4.82
Historical Trend of MICROSOFT CORP Position Held By Nicollet Investment Management, Inc. What % of Portfolio is MSFT?: Number of MSFT shares held: Change in No. of Shares Held:
	AMZN	amazon com inc.	7.56	102,878	22,570,000	reduced	-5.38

	META	meta platforms inc cl a	5.82	23,560	17,389,000	reduced	-3.75

	AAPL	apple computer	5.47	79,563	16,324,000	reduced	-3.71

	GOOG	alphabet inc cl c	4.50	75,671	13,423,000	reduced	-7.33

	V	visa inc	4.28	35,986	12,777,000	reduced	-4.07

	NVDA	nvidia	4.12	77,795	12,291,000	reduced	-2.39

	GWW	grainger w w inc	3.19	9,170	9,539,000	reduced	-3.72

	GOOG	alphabet inc cl a	3.18	53,873	9,494,000	reduced	-0.66

	ORCL	oracle corp	2.88	39,385	8,611,000	reduced	-3.64

	FNDA	schwab u.s. large cap etf	2.56	312,507	7,638,000	reduced	-0.83

	PANW	palo alto networks inc	2.29	33,429	6,841,000	reduced	-2.67

	RMD	resmed inc	2.29	26,477	6,831,000	reduced	-5.13

	AOA	ishares russell top 200 etf	2.29	44,558	6,823,000	reduced	-3.76

	UBER	uber technologies	2.12	67,964	6,341,000	reduced	-5.45

	MMM	3m company	2.05	40,186	6,118,000	reduced	-3.63

		fiserv inc	2.02	35,040	6,041,000	reduced	-5.4

	ECL	ecolab inc.	1.87	20,696	5,576,000	reduced	-5.76

	EQIX	equinix, inc	1.86	7,001	5,569,000	reduced	-1.34

	UNP	union pacific corp	1.53	19,903	4,579,000	reduced	-3.6