NICOLET BANKSHARES INC

CIK

1174850

Location

GREEN BAY, WI

Portfolio Value

Mid $1,109,906,372

Diversification

Diversified

Filing Date

Global Rank

#1,410 / 8,232 ▲ 1829

Top Industry

Semiconductors 10.8%

3Y Alpha vs SPY

-2.0%

Period ended 2 months ago

Filed May 14, 2026 · 30d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+67.9%

SPY

+76.5%

Annualised alpha

-2.0%

Max drawdown

−16.4%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

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

Top Position

8.8%

−25.9 pts

Top 5

23.0%

−29.1 pts

Top 10

35.4%

−26.0 pts

HHI

194

Diversified−1,123

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	14.8%	$164,330,385	63
Industrials	11.1%	$123,165,041	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
Unclassified	4.0%	$44,797,816	10
Energy	4.0%	$44,696,110	19
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	Exxon Mobil 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

388 positions · $1,109,906,372 total · 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 388 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%	3.18%
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%	1.67%
META	Meta Platforms, Inc. Communication Services	Added	30,185	+23,892	$17,269,743	+315.7%	1.56%
XOM	Exxon Mobil Corp Energy	Added	87,971	+63,509	$14,925,159	+407.0%	1.34%
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%