Nicollet Investment Management, Inc.

CIK

1729048

Location

MINNEAPOLIS, MN

Portfolio Value

Small $289,898,724

Diversification

Diversified

Filing Date

Global Rank

#3,776 / 8,633 ▲ 47

Top Industry

Internet Content & Information 17.9%

3Y Alpha vs SPY

+11.6%

Period ended 51 days ago

Filed Aug 5, 2026 · 15d

26 quarters · since Mar 2020

Clone Performance

Aug 2023–Aug 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

+136.5%

SPY

+76.2%

Annualised alpha

+12.5%

Max drawdown

−20.3%

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. Returns use comparable raw closes and exclude dividends; a captured split can shorten the simulated window. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

65 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

13.2%

+1.2 pts

Top 5

38.7%

+1.0 pts

Top 10

55.7%

+0.9 pts

HHI

459

Diversified+27

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	27.2%	$78,813,114	15
Communication Services	17.4%	$50,544,734	2
Industrials	12.9%	$37,265,657	9
Consumer Cyclical	11.9%	$34,358,996	5
Healthcare	8.9%	$25,903,732	13
Financial Services	7.9%	$22,930,188	5
Energy	3.5%	$10,088,625	4
Unclassified	2.8%	$8,119,871	4
Consumer Defensive	2.6%	$7,449,489	3
Real Estate	2.5%	$7,257,119	1
Basic Materials	2.3%	$6,604,216	3
Utilities	0.2%	$562,983	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
LYFT	Lyft, Inc.	+2,570	49,502	$723,224
FAST	Fastenal Co	+2,011	75,901	$3,645,525
ALKS	Alkermes plc.	+918	44,219	$2,317,075
RDN	Radian Group Inc	+843	29,629	$1,116,124
NOW	ServiceNow, Inc.	+736	20,984	$2,083,291
SYY	Sysco Corp	+685	27,853	$2,327,953
FIS	Fidelity National Information Services, Inc.	+639	18,762	$729,466
MRNA	Moderna, Inc.	+634	29,756	$2,083,812
UNP	Union Pacific Corp	+595	19,152	$5,209,344
IONS	Ionis Pharmaceuticals Inc	+594	20,240	$1,604,829
FISV	Fiserv Inc	+550	17,616	$864,064
AKAM	Akamai Technologies Inc	+522	20,104	$2,376,493
TJX	Tjx Companies Inc /De/	+414	31,527	$4,776,340
AAPL	Apple Inc.	+411	73,284	$21,205,458
SMG	Scotts Miracle-Gro Co	+386	12,152	$827,672
KNX	Knight-Swift Transportation Holdings Inc.	+380	17,606	$1,370,979
DINO	HF Sinclair Corp	+355	13,221	$920,842
RMD	Resmed Inc	+320	25,103	$4,892,072
AMZN	Amazon Com Inc	+283	96,027	$22,887,075
PANW	Palo Alto Networks Inc	+272	15,795	$5,386,410
EXPD	Expeditors International Of Washington Inc	+260	10,958	$1,785,934
LHX	L3harris Technologies, Inc. /De/	+231	6,845	$1,989,088
MDY	Spdr S&P Midcap 400 ETF Trust	+230	8,059	$5,668,217
MMM	3M Co	+228	38,130	$6,173,628
BSX	Boston Scientific Corp	+214	48,069	$2,051,584
No positions match the current search.

Trimmed

Positions the filer reduced

11 positions

Ticker	Company	Δ Shares	Shares	Value
GOOGL	Alphabet Inc.	−1,151	107,741	$38,257,126
EQIX	Equinix Inc	−908	6,962	$7,257,119
PYPL	PayPal Holdings, Inc.	−835	26,624	$1,149,624
KO	Coca Cola Co	−389	58,380	$4,744,542
NVO	Novo Nordisk A S	−309	38,896	$1,864,674
CRM	Salesforce, Inc.	−306	13,703	$2,146,711
SOLV	Solventum Corp	−161	7,016	$541,284
ORCL	Oracle Corp	−48	36,950	$5,415,022
META	Meta Platforms, Inc.	−22	21,814	$12,287,608
UNH	Unitedhealth Group Inc	−15	7,464	$3,102,262
UBER	Uber Technologies, Inc	−4	63,410	$4,575,665
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
DVN	Devon Energy Corp/De	24,043	$993,456
LLY	ELI LILLY & Co	214	$256,678
No positions match the current search.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
BRK-B	Berkshire Hathaway Inc	587	$281,290
CTRA	Coterra Energy Inc.	34,014	$0
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

65 tracked positions · $289,898,724 total · filing declares 77 positions · $323,860 · as of Jun 30, 2026

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

Showing 1–50 of 65 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
GOOGL	Alphabet Inc. Communication Services	Reduced	107,741	-1,151	$38,257,126	+22.3%	13.20%
AMZN	Amazon Com Inc Consumer Cyclical	Added	96,027	+283	$22,887,075	+14.8%	7.89%
AAPL	Apple Inc. Technology	Added	73,284	+411	$21,205,458	+14.7%	7.31%
MSFT	Microsoft Corp Technology	Added	43,970	+208	$16,401,689	+1.2%	5.66%
NVDA	Nvidia Corp Technology	Added	66,612	+37	$13,328,395	+14.8%	4.60%
META	Meta Platforms, Inc. Communication Services	Reduced	21,814	-22	$12,287,608	−1.6%	4.24%
GWW	W.W. Grainger, Inc. Industrials	Added	8,779	+92	$11,942,951	+26.0%	4.12%
V	Visa Inc. Financial Services	Added	34,273	+109	$11,758,723	+13.9%	4.06%
EQIX	Equinix Inc Real Estate	Reduced	6,962	-908	$7,257,119	−5.9%	2.50%
MMM	3M Co Industrials	Added	38,130	+228	$6,173,628	+12.2%	2.13%
MDY	Spdr S&P Midcap 400 ETF Trust	Added	8,059	+230	$5,668,217	+17.4%	1.96%
ECL	Ecolab Inc. Basic Materials	Added	19,651	+64	$5,474,965	+5.1%	1.89%
ORCL	Oracle Corp Technology	Reduced	36,950	-48	$5,415,022	−0.5%	1.87%
PANW	Palo Alto Networks Inc Technology	Added	15,795	+272	$5,386,410	+116.4%	1.86%
SLB	Slb Limited/Nv Energy	Added	114,372	+169	$5,317,154	−9.4%	1.83%
UNP	Union Pacific Corp Industrials	Added	19,152	+595	$5,209,344	+15.7%	1.80%
RMD	Resmed Inc Healthcare	Added	25,103	+320	$4,892,072	−12.1%	1.69%
TJX	Tjx Companies Inc /De/ Consumer Cyclical	Added	31,527	+414	$4,776,340	−3.9%	1.65%
KO	Coca Cola Co Consumer Defensive	Reduced	58,380	-389	$4,744,542	+6.2%	1.64%
GS	Goldman Sachs Group Inc Financial Services	Added	4,541	+59	$4,592,631	+21.1%	1.58%
UBER	Uber Technologies, Inc Technology	Reduced	63,410	-4	$4,575,665	+0.3%	1.58%
CB	Chubb Ltd Financial Services	Added	12,658	+57	$4,313,086	+5.0%	1.49%
FAST	Fastenal Co Industrials	Added	75,901	+2,011	$3,645,525	+6.3%	1.26%
UTHR	UNITED THERAPEUTICS Corp Healthcare	Added	5,789	+90	$3,136,653	−7.2%	1.08%
UNH	Unitedhealth Group Inc Healthcare	Reduced	7,464	-15	$3,102,262	+53.3%	1.07%
VMI	Valmont Industries Inc Industrials	Added	5,072	+97	$2,929,587	+47.4%	1.01%
EOG	Eog Resources Inc Energy	Added	22,024	+35	$2,857,173	−10.1%	0.99%
HD	Home Depot, Inc. Consumer Cyclical	Added	7,881	+1	$2,779,471	+7.2%	0.96%
TMO	Thermo Fisher Scientific Inc. Healthcare	Added	5,532	+28	$2,773,523	+2.5%	0.96%
SBUX	Starbucks Corp Consumer Cyclical	Added	24,341	+139	$2,487,406	+14.7%	0.86%
AKAM	Akamai Technologies Inc Technology	Added	20,104	+522	$2,376,493	+5.7%	0.82%
SYY	Sysco Corp Consumer Defensive	Added	27,853	+685	$2,327,953	+20.1%	0.80%
ALKS	Alkermes plc. Healthcare	Added	44,219	+918	$2,317,075	+51.3%	0.80%
GNRC	Generac Holdings Inc. Industrials	Added	7,577	+167	$2,218,621	+53.3%	0.77%
CRM	Salesforce, Inc. Technology	Reduced	13,703	-306	$2,146,711	−17.9%	0.74%
MRNA	Moderna, Inc. Healthcare	Added	29,756	+634	$2,083,812	+40.9%	0.72%
NOW	ServiceNow, Inc. Technology	Added	20,984	+736	$2,083,291	−1.6%	0.72%
BSX	Boston Scientific Corp Healthcare	Added	48,069	+214	$2,051,584	−31.7%	0.71%
LHX	L3harris Technologies, Inc. /De/ Industrials	Added	6,845	+231	$1,989,088	−12.9%	0.69%
NVO	Novo Nordisk A S Healthcare	Reduced	38,896	-309	$1,864,674	+29.4%	0.64%
EXPD	Expeditors International Of Washington Inc Industrials	Added	10,958	+260	$1,785,934	+16.6%	0.62%
FFIV	F5, Inc. Technology	Added	4,241	+88	$1,764,086	+46.8%	0.61%
IONS	Ionis Pharmaceuticals Inc Healthcare	Added	20,240	+594	$1,604,829	+8.8%	0.55%
ACN	Accenture plc Technology	Added	12,553	+86	$1,562,095	−36.8%	0.54%
ULTA	Ulta Beauty, Inc. Consumer Cyclical	Added	3,168	+116	$1,428,704	−10.4%	0.49%
KNX	Knight-Swift Transportation Holdings Inc. Industrials	Added	17,606	+380	$1,370,979	+38.2%	0.47%
PYPL	PayPal Holdings, Inc. Financial Services	Reduced	26,624	-835	$1,149,624	−7.4%	0.40%
RDN	Radian Group Inc Financial Services	Added	29,629	+843	$1,116,124	+17.2%	0.39%
ALGN	Align Technology Inc Healthcare	Added	6,200	+158	$1,045,692	+1.0%	0.36%
SPY	Spdr S&P 500 ETF Trust	Added	1,349	+1	$1,007,392	+14.9%	0.35%

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.