NICOLET ADVISORY SERVICES, LLC

CIK

1775863

Location

GREEN BAY, WI

Portfolio Value

Mid $1,420,418,298

Diversification

Diversified

Filing Date

Global Rank

#1,845 / 8,818 ▲ 99 · as of Dec 2025

Top Industry

Consumer Electronics 10.6%

3Y Alpha vs SPY

+2.3%

Period ended 8 months ago

Filed Feb 13, 2026 · 7mo

24 quarters · since Mar 2020

Clone Performance

Sep 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

+78.3%

SPY

+69.0%

Annualised alpha

+2.3%

Max drawdown

−14.6%

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. Captured split ratios restate closes onto one basis; only an unusable ratio can exclude earlier closes for that listing. It tracks 100% of reported value on average across 11 quarters.NICOLET ADVISORY SERVICES, LLC has stopped filing, so the simulation ends in Jul 2026 — where its last reported portfolio went stale — rather than trading that portfolio forward to today. Past performance does not predict future results.

Portfolio Concentration

351 tracked positions · as of Dec 31, 2025 · Δ vs Sep 30, 2025

Top Position

29.9%

+2.4 pts

Top 5

50.4%

+2.7 pts

Top 10

62.0%

+2.1 pts

HHI

1,058

Diversified+133

Portfolio Trend

24 quarters · across all stocks

Sector Breakdown

As of Dec 31, 2025

Sector	% Portfolio	Value	Positions
Unclassified	63.2%	$898,206,914	47
Technology	11.0%	$155,961,563	61
Financial Services	7.4%	$105,476,192	53
Consumer Defensive	3.6%	$50,967,475	17
Industrials	3.4%	$48,750,563	55
Consumer Cyclical	3.1%	$43,899,638	26
Communication Services	2.8%	$39,998,449	11
Healthcare	2.6%	$36,792,665	40
Utilities	1.4%	$20,306,777	11
Energy	0.9%	$13,286,552	14
Basic Materials	0.3%	$3,655,716	8
Real Estate	0.2%	$3,115,794	8

Last Quarter's Activity

Export CSV

Dec 31, 2025 vs Sep 30, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
BWX	State Street SPDR Bloomberg International Treasury Bond ETF	+662,199	5,484,256	$425,266,509
ACSG	American Century Small Cap Growth Insights ETF	+188,820	1,156,052	$76,083,990
VEA	Vanguard FTSE Developed Markets ETF	+156,856	720,525	$45,011,196
VCRM	Vanguard Core Tax-Exempt Bond ETF	+133,935	695,282	$34,965,731
CWI	State Street SPDR MSCI ACWI ex-US ETF	+57,729	143,095	$5,715,354
VB	Vanguard Morningstar Small-Cap ETF	+40,041	297,984	$64,538,111
ABI	VictoryShares Pioneer Asset-Based Income ETF	+35,216	395,946	$18,702,172
FAAA	Fidelity AAA CLO ETF	+32,356	591,999	$27,255,633
NVDA	Nvidia Corp	+19,323	117,178	$21,853,697
KO	Coca Cola Co	+18,426	114,363	$7,995,117
NFLX	Netflix Inc	+16,427	18,144	$1,701,181
FNDA	Schwab Fundamental U.S. Small Company ETF	+14,904	33,809	$919,442
AAPL	Apple Inc.	+11,187	201,637	$54,817,034
ECNS	iShares MSCI China Small-Cap ETF	+10,549	18,355	$2,653,071
AMZN	Amazon Com Inc	+10,391	64,931	$14,987,373
GOOGL	Alphabet Inc.	+10,260	81,481	$25,530,516
GSK	GSK plc	+9,262	24,429	$1,197,998
BNDW	Vanguard Total World Bond ETF	+8,709	289,383	$21,304,862
XLBI	State Street Materials Select Sector SPDR Premium Income ETF	+7,797	15,701	$823,029
SLB	Slb Limited/Nv	+6,939	26,954	$1,034,494
BIV	Vanguard Intermediate-Term Bond ETF	+6,772	262,973	$19,490,729
PFE	Pfizer Inc	+6,583	49,120	$1,223,088
CSCO	Cisco Systems, Inc.	+6,232	44,183	$3,403,416
FCX	Freeport-Mcmoran Inc	+5,397	15,461	$785,264
MDT	Medtronic plc	+5,243	8,912	$856,086
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
JPM	Jpmorgan Chase & Co	−276,992	281,769	$28,891,748
BCHP	Principal Focused Blue Chip ETF	−106,235	433,302	$8,234,904
ACES	ALPS Clean Energy ETF	−53,450	166,826	$8,017,298
AAXJ	iShares MSCI All Country Asia ex Japan ETF	−38,451	676,525	$94,964,434
BBAG	JPMorgan BetaBuilders U.S. Aggregate Bond ETF	−23,184	10,965	$575,256
DCOR	Dimensional US Core Equity 1 ETF	−19,316	102,380	$3,963,014
CERT	Certara, Inc.	−17,516	13,092	$115,340
CMCSA	Comcast Corp	−13,535	14,530	$434,301
CMG	Chipotle Mexican Grill Inc	−12,789	6,505	$240,685
PEP	Pepsico Inc	−7,565	35,081	$5,034,825
CPRT	Copart Inc	−7,479	12,050	$471,757
AMCR	Amcor plc	−5,646	33,925	$282,934
BFC	Bank First Corp	−4,460	40,765	$4,965,992
EXPO	Exponent Inc	−4,404	5,952	$413,425
PG	PROCTER & GAMBLE Co	−3,968	124,120	$17,787,637
CSGP	Costar Group, Inc.	−3,951	5,693	$382,797
CARR	CARRIER GLOBAL Corp	−3,901	13,008	$687,342
ABT	Abbott Laboratories	−2,984	36,484	$4,571,080
CLF	Cleveland-Cliffs Inc.	−2,814	10,937	$145,243
CHD	Church & Dwight Co Inc /De/	−2,783	4,110	$344,623
HON	Honeywell International Inc	−2,746	7,835	$1,528,530
TECH	BIO-TECHNE Corp	−2,453	5,260	$309,340
BIL	State Street SPDR Bloomberg 1-3 Month T-Bill ETF	−2,399	107,352	$5,007,585
NKE	NIKE, Inc.	−2,236	10,147	$646,465
BNDC	FlexShares Core Select Bond Fund	−2,009	13,545	$621,038
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
RTX	RTX Corp	15,217	$2,790,797
TRV	Travelers Companies, Inc.	7,340	$2,129,040
GLIX	Lazard Listed Infrastructure ETF	84,500	$2,103,881
VXF	Vanguard Extended Market ETF	4,134	$864,502
SNDR	Schneider National, Inc.	17,802	$472,287
AKRE	Akre Focus ETF	4,797	$314,251
TACN	T. Rowe Price Active Core International Equity ETF	5,718	$285,042
TGT	Target Corp	2,757	$269,496
CVY	Invesco Zacks Multi-Asset Income ETF	3,530	$264,926
LHX	L3harris Technologies, Inc. /De/	898	$263,625
NLY	Annaly Capital Management Inc	10,993	$245,803
AGO	Assured Guaranty Ltd	2,621	$235,549
STZ	Constellation Brands, Inc.	1,673	$230,807
UNF	Unifirst Corp	1,170	$225,693
DCI	DONALDSON Co INC	2,540	$225,196
HLT	Hilton Worldwide Holdings Inc.	765	$219,746
GXO	GXO Logistics, Inc.	4,126	$217,192
ICLR	Icon PLC	1,161	$211,557
IAU	Ishares Gold Trust	2,596	$210,717
ATR	Aptargroup, Inc.	1,709	$208,429
VTR	Ventas, Inc.	2,673	$206,836
GM	General Motors Co	2,532	$205,902
HUM	Humana Inc	791	$202,598
SPGI	S&P Global Inc.	375	$195,971
TXRH	Texas Roadhouse, Inc.	1,115	$185,090
No positions match the current search.

Sold Out

Positions the filer fully exited

22 positions

Ticker	Company	Shares	Value
OXLC	Oxford Lane Capital Corp.	40,766	$690,168
TREX	Trex Co Inc	9,276	$479,290
VERX	Vertex, Inc.	18,831	$466,820
DD	DuPont de Nemours, Inc.	5,240	$408,195
PH	Parker-Hannifin Corp	434	$329,037
VVV	Valvoline Inc	8,576	$307,964
JJSF	J&J Snack Foods Corp	2,592	$249,065
MRVL	Marvell Technology, Inc.	2,897	$243,550
TFC	Truist Financial Corp	5,135	$234,772
FBTC	Fidelity Wise Origin Bitcoin Fund	2,350	$234,553
GWW	W.W. Grainger, Inc.	243	$231,569
OTIS	Otis Worldwide Corp	2,518	$230,220
OC	Owens Corning	1,614	$228,316
CDW	CDW Corp	1,383	$220,284
PSA	Public Storage	762	$220,103
CCI	Crown Castle Inc.	2,228	$214,979
CACI	Caci International Inc /De/	403	$201,008
CNH	CNH Industrial N.V.	10,131	$109,921
AIPO	Defiance AI & Power Infrastructure ETF	10,047	$55,256
DVLT	Datavault AI Inc.	17,699	$19,291
XLB	State Street Materials Select Sector SPDR ETF	3,660	$0
—		4,243	$0
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

351 tracked positions · $1,420,418,298 total · filing declares 421 positions · $1,484,480,144 · as of Dec 31, 2025

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

Showing 1–50 of 351 positions by value · page 1 of 8

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
BWX	State Street SPDR Bloomberg International Treasury Bond ETF	Added	5,484,256	+662,199	$425,266,509	+24.0%	29.94%
AAXJ	iShares MSCI All Country Asia ex Japan ETF	Reduced	676,525	-38,451	$94,964,434	+4.5%	6.69%
ACSG	American Century Small Cap Growth Insights ETF	Added	1,156,052	+188,820	$76,083,990	+31.2%	5.36%
VB	Vanguard Morningstar Small-Cap ETF	Added	297,984	+40,041	$64,538,111	+22.9%	4.54%
AAPL	Apple Inc. Technology	Added	201,637	+11,187	$54,817,034	+13.0%	3.86%
VEA	Vanguard FTSE Developed Markets ETF	Added	720,525	+156,856	$45,011,196	+33.3%	3.17%
VCRM	Vanguard Core Tax-Exempt Bond ETF	Added	695,282	+133,935	$34,965,731	+24.4%	2.46%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	58,069	+23	$29,188,382	+0.0%	2.05%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	281,769	-276,992	$28,891,748	−18.5%	2.03%
FAAA	Fidelity AAA CLO ETF	Added	591,999	+32,356	$27,255,633	+5.3%	1.92%
MSFT	Microsoft Corp Technology	Added	55,206	+4,447	$26,698,725	+1.6%	1.88%
GOOGL	Alphabet Inc. Communication Services	Added	81,481	+10,260	$25,530,516	+47.4%	1.80%
NVDA	Nvidia Corp Technology	Added	117,178	+19,323	$21,853,697	+19.7%	1.54%
BNDW	Vanguard Total World Bond ETF	Added	289,383	+8,709	$21,304,862	+28.4%	1.50%
BIV	Vanguard Intermediate-Term Bond ETF	Added	262,973	+6,772	$19,490,729	+2.2%	1.37%
ABI	VictoryShares Pioneer Asset-Based Income ETF	Added	395,946	+35,216	$18,702,172	+9.5%	1.32%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	124,120	-3,968	$17,787,637	−9.6%	1.25%
AMZN	Amazon Com Inc Consumer Cyclical	Added	64,931	+10,391	$14,987,373	+25.2%	1.06%
WEC	Wec Energy Group, Inc. Utilities	Added	138,208	+3,692	$14,575,415	−5.4%	1.03%
SPY	Spdr S&P 500 ETF Trust	Added	14,510	+396	$9,894,659	+5.2%	0.70%
BCHP	Principal Focused Blue Chip ETF	Reduced	433,302	-106,235	$8,234,904	−21.5%	0.58%
ACES	ALPS Clean Energy ETF	Reduced	166,826	-53,450	$8,017,298	−23.3%	0.56%
KO	Coca Cola Co Consumer Defensive	Added	114,363	+18,426	$7,995,117	+25.7%	0.56%
META	Meta Platforms, Inc. Communication Services	Added	11,446	+1,663	$7,555,390	+5.2%	0.53%
HD	Home Depot, Inc. Consumer Cyclical	Added	21,667	+607	$7,455,614	−12.6%	0.52%
CWI	State Street SPDR MSCI ACWI ex-US ETF	Added	143,095	+57,729	$5,715,354	+41.3%	0.40%
WMT	Walmart Inc. Consumer Defensive	Added	49,948	+2,088	$5,564,706	+12.8%	0.39%
AVGO	Broadcom Inc. Technology	Added	16,047	+2,815	$5,553,866	+27.2%	0.39%
OSK	Oshkosh Corp Industrials	Reduced	42,601	-130	$5,351,963	−3.4%	0.38%
PEP	Pepsico Inc Consumer Defensive	Reduced	35,081	-7,565	$5,034,825	−15.9%	0.35%
BIL	State Street SPDR Bloomberg 1-3 Month T-Bill ETF	Reduced	107,352	-2,399	$5,007,585	−1.6%	0.35%
BFC	Bank First Corp Financial Services	Reduced	40,765	-4,460	$4,965,992	−9.5%	0.35%
MDY	Spdr S&P Midcap 400 ETF Trust	Added	8,023	+961	$4,840,115	+15.0%	0.34%
ABT	Abbott Laboratories Healthcare	Reduced	36,484	-2,984	$4,571,080	−13.5%	0.32%
TSLA	Tesla, Inc. Consumer Cyclical	Added	10,109	+489	$4,546,219	+6.3%	0.32%
BA	Boeing Co Industrials	Added	20,406	+1,851	$4,430,550	+10.6%	0.31%
XOM	ExxonMobil Holdings Corp Energy	Added	36,660	+2,148	$4,411,664	+13.4%	0.31%
ETN	Eaton Corp plc Industrials	Added	13,674	+1,432	$4,355,305	−4.9%	0.31%
TJX	Tjx Companies Inc /De/ Consumer Cyclical	Added	27,737	+3,523	$4,260,680	+21.7%	0.30%
LLY	ELI LILLY & Co Healthcare	Added	3,917	+459	$4,209,521	+59.5%	0.30%
PM	Philip Morris International Inc. Consumer Defensive	Added	24,999	+102	$4,009,839	−0.7%	0.28%
DCOR	Dimensional US Core Equity 1 ETF	Reduced	102,380	-19,316	$3,963,014	−14.1%	0.28%
COST	Costco Wholesale Corp /New Consumer Defensive	Added	4,429	+812	$3,819,303	+14.1%	0.27%
MA	Mastercard Inc Financial Services	Added	6,519	+1,698	$3,721,566	+35.7%	0.26%
ORCL	Oracle Corp Technology	Added	18,208	+1,176	$3,548,921	−25.9%	0.25%
VIG	Vanguard Dividend Appreciation ETF	Reduced	22,055	-206	$3,442,707	−0.3%	0.24%
CSCO	Cisco Systems, Inc. Technology	Added	44,183	+6,232	$3,403,416	+31.1%	0.24%
JNJ	Johnson & Johnson Healthcare	Added	16,128	+1,281	$3,337,689	+21.2%	0.23%
CAT	Caterpillar Inc Industrials	Added	5,691	+754	$3,260,203	+38.4%	0.23%
WFC	Wells Fargo & Company/Mn Financial Services	Reduced	34,538	-234	$3,218,941	+10.4%	0.23%

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.