Latest Nicollet Investment Management, Inc. Stock Portfolio

$291Million– No. of Holdings #76

Nicollet Investment Management, Inc. Performance:

2026 Q1: -5.66%YTD: -5.66%2025: 9.63%

Performance for 2026 Q1 is -5.66%, and YTD is -5.66%, and 2025 is 9.63%.

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

On 2026-05-13, the fund reported it's updated stock portfolio. In the 13F Holdings report, Nicollet Investment Management, Inc. reported an equity portfolio of $292 Millions as of 31 Mar, 2026.

The top stock holdings of Nicollet Investment Management, Inc. are AMZN, AAPL, GOOG. The fund has invested 6.8% of it's portfolio in AMAZON COM INC. and 6.3% of portfolio in APPLE COMPUTER.

The fund managers got completely rid off ELI LILLY (LLY) stocks. They significantly reduced their stock positions in ISHARES RUSSELL TOP 200 ETF (AOA), SPDR S&P MIDCAP 400 ETF (MDY) and ALPHABET INC CL A (GOOG). Nicollet Investment Management, Inc. opened new stock positions in GOLDMAN SACHS GROUP INC (GS), WHEATON PRECIOUS METAL CL F (WPM) and ISHARES S&P 500 GROWTH ETF (IJR). The fund showed a lot of confidence in some stocks as they added substantially to NOVO-NORDISK AS (NVO), E O G RESOURCES INC. (EOG) and SYSCO CORP. (SYY).

Nicollet Investment Management, Inc. Equity Portfolio Value

Last Reported on: 13 May, 2026

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

Our best estimate is that Nicollet Investment Management, Inc. made a return of -5.66% in the last quarter. In trailing 12 months, it's portfolio return was 10.09%.

Performance
S&P 500

New Buys

Ticker	$ Bought
goldman sachs group inc	3,792,000
wheaton precious metal cl f	352,000
ishares s&p 500 growth etf	263,000

New stocks bought by Nicollet Investment Management, Inc.

Additions

Ticker	% Inc.
novo-nordisk as	90.57
e o g resources inc.	2.29
sysco corp.	2.06
accenture plc cl a	0.2
starbucks corp	0.16

Additions to existing portfolio by Nicollet Investment Management, Inc.

Reductions

Ticker	% Reduced
ishares russell top 200 etf	-15.4
spdr s&p midcap 400 etf	-7.33
alphabet inc cl a	-6.09
solventum corp	-5.83
palo alto networks inc	-5.34
schwab u.s. mid cap etf	-4.77
unitedhealth group inc	-4.41
ionis pharmaceuticals inc	-4.27

Nicollet Investment Management, Inc. reduced stake in above stock

Sold off

Ticker	$ Sold
eli lilly	-230,000

Nicollet Investment Management, Inc. got rid off the above stocks

Sector Distribution

Nicollet Investment Management, Inc. has about 24.6% of it's holdings in Technology sector.

Technology
Communication Services
Others
Industrials
Consumer Cyclical
Healthcare
Financial Services
Energy
Real Estate
Consumer Defensive
Basic Materials

Sector	%
Technology	24.6
Communication Services	15
Others	13.4
Industrials	10.7
Consumer Cyclical	10.7
Healthcare	7.7
Financial Services	7
Energy	3.8
Real Estate	2.6
Consumer Defensive	2.3
Basic Materials	2

Market Cap. Distribution

Nicollet Investment Management, Inc. has about 84.2% of it's portfolio invested in the large-cap and mega-cap stocks.

MEGA-CAP
LARGE-CAP
UNALLOCATED
MID-CAP

Category	%
MEGA-CAP	47.8
LARGE-CAP	36.4
UNALLOCATED	13.4
MID-CAP	2.5

Stocks belong to which Index?

About 80.8% of the stocks held by Nicollet Investment Management, Inc. either belong to S&P 500 or RUSSELL 2000 index.

S&P 500
Others

Index	%
S&P 500	80.8
Others	18.4

Top 5 Winners (%)		%
MRNA	moderna inc	70.7 %
GNRC	generac holdings inc	42.3 %
EOG	e o g resources inc.	37.1 %
DINO	hf sinclair corp	34.7 %
SLB	schlumberger ltd	33.5 %

Top 5 Winners ($)		$
EQIX	equinix, inc	1.7 M
SLB	schlumberger ltd	1.5 M
EOG	e o g resources inc.	0.9 M
GWW	grainger w w inc	0.7 M
MRNA	moderna inc	0.6 M

Top 5 Losers (%)		%
BSX	boston scientific co	-33.6 %
NOW	servicenow, inc	-31.1 %
LYFT	lyft inc cl a	-31.1 %
CRM	salesforce.com	-29.2 %
FIS	fis	-29.0 %

Top 5 Losers ($)		$
MSFT	microsoft corp	-5.0 M
AMZN	amazon com inc.	-2.2 M
META	meta platforms inc cl a	-2.0 M
ORCL	oracle corp	-1.8 M
GOOG	alphabet inc cl c	-1.7 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 76 stocks in it's portfolio. About 47.3% of the portfolio is in top 10 stocks. MSFT proved to be the most loss making stock for the portfolio. EQIX was the most profitable stock for Nicollet Investment Management, Inc. last quarter.

Last Reported on: 13 May, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple computer	6.33	72,873	18,494,000	reduced	-4.23

ACN	accenture plc cl a	0.85	12,467	2,472,000	added	0.2

AKAM	akamai technologies inc	0.77	19,582	2,249,000	reduced	-0.51

ALGN	align technology inc	0.36	6,042	1,036,000	reduced	-3.97

ALKS	alkermes plc	0.52	43,301	1,531,000	reduced	-2.65

AMZN	amazon com inc.	6.83	95,744	19,941,000	reduced	-3.31

AOA	ishares russell top 200 etf	2.21	40,299	6,467,000	reduced	-15.4

AVGO	broadcom inc	0.18	1,720	532,000	unchanged	0.00

BSX	boston scientific co	1.03	47,855	3,003,000	reduced	-3.37

CB	chubb ltd f	1.41	12,601	4,107,000	reduced	-3.19

COST	costco wholesale corp	0.14	403	401,000	unchanged	0.00

CRM	salesforce.com	0.90	14,009	2,615,000	reduced	-2.59

CSD	invsc sp 500 equal etf	2.81	42,696	8,194,000	reduced	-2.84

CTRA	coterra energy inc	0.41	34,014	1,195,000	reduced	-3.84

DINO	hf sinclair corp	0.28	12,866	803,000	reduced	-4.24

ECL	ecolab inc.	1.78	19,587	5,211,000	reduced	-3.01

EOG	e o g resources inc.	1.09	21,989	3,179,000	added	2.29

EQIX	equinix, inc	2.64	7,870	7,714,000	reduced	-2.61

EXPD	expeditors int'l wa	0.52	10,698	1,532,000	reduced	-3.75

FAST	fastenal company	1.17	73,890	3,428,000	reduced	-3.85