NICOLET BANKSHARES INC

CIK

1174850

Location

GREEN BAY, WI

Portfolio Value

Micro $86,978,566

Diversification

Diversified

Filing Date

Global Rank

#1,663 / 8,586 ▲ 1797

Top Industry

Semiconductors 10.8%

3Y Alpha vs SPY

-2.0%

Period ended 3 months ago

Filed May 14, 2026 · 33d

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

+69.4%

SPY

+78.1%

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

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

21 positions · $86,978,566 total · Consumer Defensive only · as of Mar 31, 2026

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
PG	PROCTER & GAMBLE Co Consumer Defensive	Added	163,510	+146,594	$23,617,383	+874.2%	27.15%
WMT	Walmart Inc. Consumer Defensive	Added	99,048	+79,817	$12,309,684	+474.5%	14.15%
KO	Coca Cola Co Consumer Defensive	Added	150,041	+117,929	$11,410,617	+408.3%	13.12%
COST	Costco Wholesale Corp /New Consumer Defensive	Added	11,173	+6,249	$11,133,111	+162.2%	12.80%
PEP	Pepsico Inc Consumer Defensive	Added	56,186	+48,820	$8,725,123	+725.3%	10.03%
PM	Philip Morris International Inc. Consumer Defensive	Added	41,884	+36,284	$6,925,100	+671.0%	7.96%
MO	Altria Group, Inc. Consumer Defensive	Added	42,306	+37,790	$2,791,772	+972.1%	3.21%
MDLZ	Mondelez International, Inc. Consumer Defensive	Added	42,675	+28,003	$2,459,786	+211.4%	2.83%
KMB	Kimberly Clark Corp Consumer Defensive	Added	15,545	+12,797	$1,499,625	+440.9%	1.72%
TGT	Target Corp Consumer Defensive	NEW	8,160	NEW	$988,991	NEW	1.14%
BG	Bunge Global SA Consumer Defensive	NEW	7,039	NEW	$895,360	NEW	1.03%
MNST	Monster Beverage Corp Consumer Defensive	NEW	11,550	NEW	$836,913	NEW	0.96%
CHD	Church & Dwight Co Inc /De/ Consumer Defensive	NEW	7,061	NEW	$658,932	NEW	0.76%
OLLI	Ollie's Bargain Outlet Holdings, Inc. Consumer Defensive	NEW	5,657	NEW	$520,670	NEW	0.60%
BJ	BJ's Wholesale Club Holdings, Inc. Consumer Defensive	NEW	4,694	NEW	$461,983	NEW	0.53%
PFGC	Performance Food Group Co Consumer Defensive	NEW	5,038	NEW	$431,555	NEW	0.50%
EL	Estee Lauder Companies Inc Consumer Defensive	NEW	4,000	NEW	$287,080	NEW	0.33%
KHC	Kraft Heinz Co Consumer Defensive	NEW	12,509	NEW	$281,327	NEW	0.32%
SYY	Sysco Corp Consumer Defensive	NEW	3,703	NEW	$264,134	NEW	0.30%
STZ	Constellation Brands, Inc. Consumer Defensive	NEW	1,687	NEW	$253,050	NEW	0.29%
CL	Colgate Palmolive Co Consumer Defensive	NEW	2,656	NEW	$226,370	NEW	0.26%