NICOLET BANKSHARES INC

CIK: 0001174850SEC EDGAR →

Portfolio Value

$624.0M

Holdings

226

As of

Q4 2025

New Positions

216

Closed Positions

0

Portfolio Value History

Top 10 Holdings

RankStockSharesValue% of Portfolio
1

NICOLET BANKSHARES INC

883,159$107.1M
17.17%
2

STATE STREET SPDR PORTFOLIO S&P 500 ETF

500,712$40.2M
6.44%
3

STATE STREET SPDR PORTFOLIO S&P 500 VALUE ETF

706,930$40.2M
6.44%
4

VANGUARD S&P 500 ETF

49,029$30.7M
4.93%
5

STATE STREET SPDR S&P 500 GROWTH ETF

223,453$23.8M
3.82%
6

AVANTIS EMERGING MARKETS EQUITY ETF

230,389$17.7M
2.84%
7

APPLE INC

59,427$16.2M
2.59%
8

SPDR S&P 500 ETF TRUST

19,996$13.6M
2.19%
9

ISHARES S&P 500 BARRA GROWTH INDEX FUND

106,070$13.1M
2.10%
10

MICROSOFT CORP

26,263$12.7M
2.04%

Quarterly Changes

Top Buys

SPYMNEW
$40.2M
VONENEW
$9.9M
VOO↑ Increased
$4.5M
VEA↑ Increased
$2.9M
AVEM↑ Increased
$2.6M

Top Sells

SPYV↓ Decreased
$18.4M
SPYG↓ Decreased
$16.8M
NIC↓ Decreased
$12.2M
MSFT↓ Decreased
$3.0M
NVDA↓ Decreased
$2.9M

New Positions (21)

$40.2M · 501K shares
$9.9M · 32K shares
$968K · 12K shares
$494K · 9K shares
$434K · 4K shares
$392K · 4K shares
$385K · 12K shares
$340K · 5K shares
$312K · 3K shares
$260K · 2K shares
$248K · 531 shares
$245K · 5K shares
$231K · 803 shares
$227K · 1K shares
$225K · 2K shares
$217K · 1K shares
$212K · 2K shares
$202K · 230 shares
$202K · 649 shares
$202K · 2K shares
$201K · 410 shares

Closed Positions (13)

$1.3M · 20K shares
$694K · 12K shares
$456K · 10K shares
$366K · 5K shares
$287K · 5K shares
$269K · 10K shares
$240K · 5K shares
$237K · 482 shares
$214K · 1K shares
$213K · 4K shares
$211K · 7K shares
$207K · 2K shares
$206K · 2K shares

Sector Breakdown

Sector# HoldingsValue%
Financial Services100$450.6M72.2%
Technology27$62.1M10.0%
Industrials23$20.2M3.2%
Communication Services6$19.8M3.2%
Consumer Cyclical14$18.8M3.0%
Healthcare20$17.6M2.8%
Consumer Defensive8$13.4M2.2%
Unknown11$8.5M1.4%
Energy7$6.8M1.1%
Utilities5$3.9M0.6%
Basic Materials4$1.4M0.2%
Real Estate1$706K0.1%