NICOLET BANKSHARES INC

CIK

1174850

Location

GREEN BAY, WI

Portfolio Value

Mid $1,110,396,294

Diversification

Diversified

Filing Date

Global Rank

#1,663 / 8,588 ▲ 1797

Top Industry

Semiconductors 10.8%

3Y Alpha vs SPY

-1.6%

Period ended 3 months ago

Filed May 14, 2026 · 35d

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

+70.0%

SPY

+76.8%

Annualised alpha

-1.6%

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

389 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−1,124

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%	$164,820,307	64
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

389 positions · $1,110,396,294 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 301–350 of 389 positions by value · page 7 of 8

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
COR	Cencora, Inc. Healthcare	Added	8,393	+4,572	$2,636,576	+104.3%	0.24%
GEV	GE Vernova Inc. Industrials	Added	3,069	+2,734	$2,678,929	+1123.6%	0.24%
AMT	American Tower Corp /Ma/ Real Estate	Added	15,753	+11,727	$2,718,652	+284.6%	0.24%
OMC	Omnicom Group Inc. Communication Services	NEW	36,104	NEW	$2,718,992	NEW	0.24%
ASB	Associated Banc-Corp Financial Services	NEW	106,491	NEW	$2,753,857	NEW	0.25%
LRCX	Lam Research Corp Technology	Added	12,920	+3,655	$2,760,487	+74.1%	0.25%
MO	Altria Group, Inc. Consumer Defensive	Added	42,306	+37,790	$2,791,772	+972.1%	0.25%
GGG	Graco Inc Industrials	NEW	33,000	NEW	$2,793,450	NEW	0.25%
AMAT	Applied Materials Inc /De Technology	Added	8,594	+7,694	$2,937,342	+1170.0%	0.26%
AON	Aon plc Financial Services	NEW	9,106	NEW	$2,939,234	NEW	0.26%
COP	Conocophillips Energy	Added	22,383	+17,728	$2,954,556	+578.0%	0.27%
PANW	Palo Alto Networks Inc Technology	Added	18,964	+10,054	$3,040,307	+85.2%	0.27%
BMY	Bristol Myers Squibb Co Healthcare	Added	50,205	+32,742	$3,044,933	+223.3%	0.27%
NSC	Norfolk Southern Corp Industrials	Added	10,706	+6,384	$3,072,622	+146.2%	0.28%
PFE	Pfizer Inc Healthcare	Added	113,283	+66,879	$3,180,985	+175.3%	0.29%
VZ	Verizon Communications Inc Communication Services	NEW	63,411	NEW	$3,183,232	NEW	0.29%
INTC	Intel Corp Technology	Added	72,232	+61,125	$3,187,596	+677.8%	0.29%
MRK	Merck & Co., Inc. Healthcare	Added	27,686	+21,122	$3,330,348	+382.0%	0.30%
EMR	Emerson Electric Co Industrials	Added	26,055	+18,036	$3,413,725	+220.8%	0.31%
LNT	Alliant Energy Corp Utilities	NEW	47,593	NEW	$3,415,273	NEW	0.31%
JAZZ	Jazz Pharmaceuticals plc Healthcare	NEW	18,224	NEW	$3,445,247	NEW	0.31%
DIS	Walt Disney Co Communication Services	Added	35,787	+27,222	$3,449,150	+254.0%	0.31%
GD	General Dynamics Corp Industrials	Added	10,146	+5,576	$3,482,309	+126.3%	0.31%
GPN	Global Payments Inc Industrials	NEW	54,548	NEW	$3,671,080	NEW	0.33%
HON	Honeywell International Inc Industrials	Added	16,262	+11,803	$3,675,699	+322.5%	0.33%
GS	Goldman Sachs Group Inc Financial Services	Added	4,457	+3,335	$3,770,576	+282.3%	0.34%
BX	Blackstone Inc. Financial Services	Added	32,925	+27,030	$3,786,045	+316.7%	0.34%
ALK	Alaska Air Group, Inc. Industrials	NEW	103,646	NEW	$3,812,099	NEW	0.34%
BSX	Boston Scientific Corp Healthcare	NEW	63,057	NEW	$3,956,826	NEW	0.36%
NFLX	Netflix Inc Communication Services	Added	41,914	+31,604	$4,030,030	+316.9%	0.36%
GE	General Electric Co Industrials	Added	14,269	+12,185	$4,049,113	+530.8%	0.36%
MCK	Mckesson Corp Healthcare	NEW	4,773	NEW	$4,130,363	NEW	0.37%
UAL	United Airlines Holdings, Inc. Industrials	NEW	44,902	NEW	$4,134,127	NEW	0.37%
WFC	Wells Fargo & Company/Mn Financial Services	Added	53,992	+36,112	$4,298,303	+157.9%	0.39%
UTHR	UNITED THERAPEUTICS Corp Healthcare	NEW	7,427	NEW	$4,404,062	NEW	0.40%
URI	United Rentals, Inc. Industrials	NEW	6,062	NEW	$4,416,529	NEW	0.40%
TMO	Thermo Fisher Scientific Inc. Healthcare	Added	9,276	+7,563	$4,559,431	+359.3%	0.41%
SCHW	Schwab Charles Corp Financial Services	Added	48,613	+35,955	$4,568,648	+261.3%	0.41%
QQQ	Invesco Qqq Trust, Series 1	Added	8,054	+4,878	$4,648,606	+138.3%	0.42%
T	At&T Inc. Communication Services	NEW	163,133	NEW	$4,729,225	NEW	0.43%
NEE	Nextera Energy Inc Utilities	Added	50,970	+37,023	$4,734,093	+322.8%	0.43%
ADI	Analog Devices Inc Technology	Added	15,329	+9,054	$4,876,767	+186.6%	0.44%
FRMI	Fermi Inc. Real Estate	NEW	838,978	NEW	$4,899,631	NEW	0.44%
IBM	International Business Machines Corp Technology	Added	20,633	+16,908	$5,001,231	+353.3%	0.45%
DE	Deere & Co Industrials	Added	9,306	+5,705	$5,242,068	+212.7%	0.47%
SLNO	Soleno Therapeutics Inc Healthcare	NEW	156,766	NEW	$5,248,525	NEW	0.47%
TSLA	Tesla, Inc. Consumer Cyclical	Added	14,189	+13,496	$5,274,760	+1592.5%	0.48%
CRM	Salesforce, Inc. Technology	Added	28,489	+23,077	$5,318,040	+270.9%	0.48%
MCD	Mcdonalds Corp Consumer Cyclical	Added	17,313	+11,221	$5,380,706	+189.0%	0.48%
C	Citigroup Inc Financial Services	Added	48,850	+42,388	$5,540,078	+634.7%	0.50%