NICOLET BANKSHARES INC

CIK

1174850

Location

GREEN BAY, WI

Portfolio Value

Mid $1,109,663,327

Diversification

Diversified

Filing Date

Global Rank

#1,663 / 8,623 ▲ 1798 · as of Mar 2026

Top Industry

Semiconductors 10.8%

3Y Alpha vs SPY

-1.7%

Period ended 4 months ago

Filed May 14, 2026 · 3mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+63.4%

SPY

+65.3%

Annualised alpha

-0.5%

Max drawdown

−16.4%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

389 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

8.9%

−25.8 pts

Top 5

23.0%

−29.1 pts

Top 10

35.4%

−26.0 pts

HHI

194

Diversified−1,122

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	30.0%	$333,036,112	70
Financial Services	14.9%	$164,820,307	64
Industrials	11.1%	$123,214,011	72
Healthcare	9.6%	$107,017,019	46
Consumer Defensive	7.8%	$86,978,566	21
Consumer Cyclical	7.4%	$82,553,546	35
Communication Services	5.6%	$62,535,486	12
Energy	4.0%	$44,696,110	19
Unclassified	4.0%	$44,015,879	10
Utilities	3.8%	$42,419,981	21
Real Estate	0.9%	$10,259,446	9
Basic Materials	0.7%	$8,116,864	10

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
AAPL	Apple Inc.	+327,528	386,955	$98,205,307
AMD	Advanced Micro Devices Inc	+216,782	224,028	$45,574,015
PG	PROCTER & GAMBLE Co	+146,594	163,510	$23,617,383
WEC	Wec Energy Group, Inc.	+143,904	160,578	$18,590,114
NVDA	Nvidia Corp	+136,994	197,617	$34,464,404
KO	Coca Cola Co	+117,929	150,041	$11,410,617
AMZN	Amazon Com Inc	+108,928	136,336	$28,394,697
JPM	Jpmorgan Chase & Co	+98,321	117,821	$34,658,224
MSFT	Microsoft Corp	+86,827	113,090	$41,862,525
CSCO	Cisco Systems, Inc.	+81,712	101,258	$7,856,606
WMT	Walmart Inc.	+79,817	99,048	$12,309,684
ORCL	Oracle Corp	+76,010	86,723	$12,757,819
BRK-B	Berkshire Hathaway Inc	+68,310	73,767	$35,349,145
PFE	Pfizer Inc	+66,879	113,283	$3,180,985
ABT	Abbott Laboratories	+65,355	85,414	$8,769,454
XOM	ExxonMobil Holdings Corp	+63,509	87,971	$14,925,159
INTC	Intel Corp	+61,125	72,232	$3,187,596
GOOGL	Alphabet Inc.	+59,495	83,410	$23,985,379
PEP	Pepsico Inc	+48,820	56,186	$8,725,123
BFC	Bank First Corp	+42,605	51,519	$6,958,155
C	Citigroup Inc	+42,388	48,850	$5,540,078
MO	Altria Group, Inc.	+37,790	42,306	$2,791,772
NEE	Nextera Energy Inc	+37,023	50,970	$4,734,093
AVGO	Broadcom Inc.	+36,897	41,686	$12,902,233
CMCSA	Comcast Corp	+36,865	50,346	$1,445,432
No positions match the current search.

Trimmed

Positions the filer reduced

6 positions

Ticker	Company	Δ Shares	Shares	Value
SNDR	Schneider National, Inc.	−46,270	16,679	$439,658
CMG	Chipotle Mexican Grill Inc	−3,416	16,246	$520,034
ACIW	Aci Worldwide, Inc.	−500	4,887	$200,415
WH	Wyndham Hotels & Resorts, Inc.	−345	2,920	$237,191
SSNC	SS&C Technologies Holdings Inc	−275	3,788	$255,955
MCHP	Microchip Technology Inc	−207	4,281	$276,595
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
MU	Micron Technology Inc	23,424	$7,913,564
UMBF	Umb Financial Corp	55,956	$6,311,277
OSK	Oshkosh Corp	42,735	$6,291,019
SLNO	Soleno Therapeutics Inc	156,766	$5,248,525
FRMI	Fermi Inc.	838,978	$4,899,631
T	At&T Inc.	163,133	$4,729,225
URI	United Rentals, Inc.	6,062	$4,416,529
UTHR	UNITED THERAPEUTICS Corp	7,427	$4,404,062
UAL	United Airlines Holdings, Inc.	44,902	$4,134,127
MCK	Mckesson Corp	4,773	$4,130,363
BSX	Boston Scientific Corp	63,057	$3,956,826
ALK	Alaska Air Group, Inc.	103,646	$3,812,099
GPN	Global Payments Inc	54,548	$3,671,080
JAZZ	Jazz Pharmaceuticals plc	18,224	$3,445,247
LNT	Alliant Energy Corp	47,593	$3,415,273
VZ	Verizon Communications Inc	63,411	$3,183,232
AON	Aon plc	9,106	$2,939,234
GGG	Graco Inc	33,000	$2,793,450
ASB	Associated Banc-Corp	106,491	$2,753,857
OMC	Omnicom Group Inc.	36,104	$2,718,992
MS	Morgan Stanley	15,615	$2,569,760
ALL	Allstate Corp	12,091	$2,506,947
WAL	Western Alliance Bancorporation	34,873	$2,470,752
SYF	Synchrony Financial	36,248	$2,465,588
BAC	Bank Of America Corp /De/	50,146	$2,444,616
No positions match the current search.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
NIC	Nicolet Bankshares Inc	883,159	$107,127,186
DD	DuPont de Nemours, Inc.	6,023	$242,124
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

389 tracked positions · $1,109,663,327 total · filing declares 832 positions · $2,710,677,701 · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 389 positions by value · page 1 of 8

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AAPL	Apple Inc. Technology	Added	386,955	+327,528	$98,205,307	+507.9%	8.85%
AMD	Advanced Micro Devices Inc Technology	Added	224,028	+216,782	$45,574,015	+2836.8%	4.11%
MSFT	Microsoft Corp Technology	Added	113,090	+86,827	$41,862,525	+229.6%	3.77%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	73,767	+68,310	$35,349,145	+1188.7%	3.19%
JPM	Jpmorgan Chase & Co Financial Services	Added	117,821	+98,321	$34,658,224	+451.6%	3.12%
NVDA	Nvidia Corp Technology	Added	197,617	+136,994	$34,464,404	+204.8%	3.11%
AMZN	Amazon Com Inc Consumer Cyclical	Added	136,336	+108,928	$28,394,697	+348.8%	2.56%
SPY	Spdr S&P 500 ETF Trust	Added	40,982	+20,986	$26,652,233	+95.5%	2.40%
GOOGL	Alphabet Inc. Communication Services	Added	83,410	+59,495	$23,985,379	+220.4%	2.16%
PG	PROCTER & GAMBLE Co Consumer Defensive	Added	163,510	+146,594	$23,617,383	+874.2%	2.13%
WEC	Wec Energy Group, Inc. Utilities	Added	160,578	+143,904	$18,590,114	+957.2%	1.68%
META	Meta Platforms, Inc. Communication Services	Added	30,185	+23,892	$17,269,743	+315.7%	1.56%
XOM	ExxonMobil Holdings Corp Energy	Added	87,971	+63,509	$14,925,159	+407.0%	1.35%
AVGO	Broadcom Inc. Technology	Added	41,686	+36,897	$12,902,233	+678.4%	1.16%
ORCL	Oracle Corp Technology	Added	86,723	+76,010	$12,757,819	+511.0%	1.15%
WMT	Walmart Inc. Consumer Defensive	Added	99,048	+79,817	$12,309,684	+474.5%	1.11%
HD	Home Depot, Inc. Consumer Cyclical	Added	36,315	+29,750	$11,943,639	+428.7%	1.08%
CAT	Caterpillar Inc Industrials	Added	16,638	+12,268	$11,787,357	+370.8%	1.06%
KO	Coca Cola Co Consumer Defensive	Added	150,041	+117,929	$11,410,617	+408.3%	1.03%
JNJ	Johnson & Johnson Healthcare	Added	46,527	+35,244	$11,373,059	+387.1%	1.02%
COST	Costco Wholesale Corp /New Consumer Defensive	Added	11,173	+6,249	$11,133,111	+162.2%	1.00%
LLY	ELI LILLY & Co Healthcare	Added	11,130	+9,814	$10,237,039	+623.8%	0.92%
ABBV	AbbVie Inc. Healthcare	Added	42,564	+36,695	$9,257,243	+590.3%	0.83%
ABT	Abbott Laboratories Healthcare	Added	85,414	+65,355	$8,769,454	+248.9%	0.79%
PEP	Pepsico Inc Consumer Defensive	Added	56,186	+48,820	$8,725,123	+725.3%	0.79%
CVX	Chevron Corp Energy	Added	41,875	+31,129	$8,663,937	+429.0%	0.78%
MU	Micron Technology Inc Technology	NEW	23,424	NEW	$7,913,564	NEW	0.71%
CSCO	Cisco Systems, Inc. Technology	Added	101,258	+81,712	$7,856,606	+421.8%	0.71%
TJX	Tjx Companies Inc /De/ Consumer Cyclical	Added	47,672	+34,650	$7,613,218	+280.6%	0.69%
MA	Mastercard Inc Financial Services	Added	14,511	+9,126	$7,250,566	+135.9%	0.65%
ETN	Eaton Corp plc Industrials	Added	20,226	+14,463	$7,234,233	+294.1%	0.65%
BA	Boeing Co Industrials	Added	35,698	+31,481	$7,104,972	+676.0%	0.64%
BFC	Bank First Corp Financial Services	Added	51,519	+42,605	$6,958,155	+540.8%	0.63%
PM	Philip Morris International Inc. Consumer Defensive	Added	41,884	+36,284	$6,925,100	+671.0%	0.62%
RTX	RTX Corp Industrials	Added	35,020	+25,711	$6,755,356	+295.7%	0.61%
UMBF	Umb Financial Corp Financial Services	NEW	55,956	NEW	$6,311,277	NEW	0.57%
OSK	Oshkosh Corp Industrials	NEW	42,735	NEW	$6,291,019	NEW	0.57%
MDY	Spdr S&P Midcap 400 ETF Trust	Added	10,178	+8,943	$6,277,382	+742.5%	0.57%
V	Visa Inc. Financial Services	Added	18,442	+14,688	$5,573,909	+323.4%	0.50%
C	Citigroup Inc Financial Services	Added	48,850	+42,388	$5,540,078	+634.7%	0.50%
MCD	Mcdonalds Corp Consumer Cyclical	Added	17,313	+11,221	$5,380,706	+189.0%	0.48%
CRM	Salesforce, Inc. Technology	Added	28,489	+23,077	$5,318,040	+270.9%	0.48%
TSLA	Tesla, Inc. Consumer Cyclical	Added	14,189	+13,496	$5,274,760	+1592.5%	0.48%
SLNO	Soleno Therapeutics Inc Healthcare	NEW	156,766	NEW	$5,248,525	NEW	0.47%
DE	Deere & Co Industrials	Added	9,306	+5,705	$5,242,068	+212.7%	0.47%
IBM	International Business Machines Corp Technology	Added	20,633	+16,908	$5,001,231	+353.3%	0.45%
FRMI	Fermi Inc. Real Estate	NEW	838,978	NEW	$4,899,631	NEW	0.44%
ADI	Analog Devices Inc Technology	Added	15,329	+9,054	$4,876,767	+186.6%	0.44%
NEE	Nextera Energy Inc Utilities	Added	50,970	+37,023	$4,734,093	+322.8%	0.43%
T	At&T Inc. Communication Services	NEW	163,133	NEW	$4,729,225	NEW	0.43%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.