NICOLET ADVISORY SERVICES, LLC

CIK

1775863

Location

GREEN BAY, WI

Portfolio Value

Micro $20,306,777

Diversification

Diversified

Filing Date

Global Rank

#2,406 / 8,420 ▲ 227

Top Industry

Consumer Electronics 11.0%

3Y Alpha vs SPY

-5.0%

Period ended 6 months ago

Filed Feb 13, 2026 · 4mo

24 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

+53.3%

SPY

+74.2%

Annualised alpha

-5.0%

Max drawdown

−15.7%

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

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

Top Position

10.5%

+0.5 pts

Top 5

29.8%

−0.2 pts

Top 10

43.7%

−0.1 pts

HHI

274

Diversified+1

Portfolio Trend

24 quarters · across all stocks

Sector Breakdown

As of Dec 31, 2025

Sector	% Portfolio	Value	Positions
Technology	29.8%	$155,133,155	61
Financial Services	18.9%	$98,415,874	51
Consumer Defensive	9.8%	$50,967,475	17
Industrials	9.3%	$48,343,899	54
Consumer Cyclical	8.4%	$43,616,704	25
Healthcare	7.0%	$36,607,785	40
Communication Services	5.6%	$29,394,863	11
Utilities	3.9%	$20,306,777	11
Unclassified	3.4%	$17,703,248	8
Energy	2.6%	$13,286,552	14
Basic Materials	0.7%	$3,655,716	8
Real Estate	0.6%	$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
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
AAPL	Apple Inc.	+11,187	201,637	$54,817,034
AMZN	Amazon Com Inc	+10,391	64,931	$14,987,373
GSK	GSK plc	+9,262	24,429	$1,197,998
SLB	Slb Limited/Nv	+6,939	26,954	$1,034,494
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
NOW	ServiceNow, Inc.	+5,120	6,582	$1,008,296
MSFT	Microsoft Corp	+4,447	55,206	$26,698,725
C	Citigroup Inc	+3,972	14,398	$1,680,102
ROAD	Construction Partners, Inc.	+3,929	5,962	$647,175
ALIT	Alight, Inc. / Delaware	+3,763	16,269	$31,724
HQY	Healthequity, Inc.	+3,713	6,021	$551,583
JPM	Jpmorgan Chase & Co	+3,709	70,008	$22,557,977
WEC	Wec Energy Group, Inc.	+3,692	138,208	$14,575,415
IBIT	iShares Bitcoin Trust ETF	+3,652	11,074	$549,824
EMR	Emerson Electric Co	+3,592	7,442	$987,702
TJX	Tjx Companies Inc /De/	+3,523	27,737	$4,260,680
BX	Blackstone Inc.	+3,346	15,985	$2,463,927
SHOP	Shopify Inc.	+3,271	6,863	$1,104,737
CVS	CVS HEALTH Corp	+3,199	17,352	$1,377,054
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
CERT	Certara, Inc.	−17,516	13,092	$115,340
CMCSA	Comcast Corp	−13,535	14,530	$407,030
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
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
NKE	NIKE, Inc.	−2,236	10,147	$646,465
DNP	Dnp Select Income Fund Inc	−1,755	24,221	$241,967
VZ	Verizon Communications Inc	−1,661	17,942	$730,777
FISV	Fiserv Inc	−1,599	5,797	$389,384
FIS	Fidelity National Information Services, Inc.	−1,577	7,848	$521,578
UBER	Uber Technologies, Inc	−1,577	6,973	$569,763
NOVT	Novanta Inc	−1,446	2,600	$309,374
RGEN	Repligen Corp	−1,408	3,770	$617,752
CSX	Csx Corp	−1,335	14,673	$531,896
BBWI	Bath & Body Works, Inc.	−1,268	10,009	$200,980
No positions match the current search.

New Positions

Positions the filer opened this quarter

21 positions

Ticker	Company	Shares	Value
RTX	RTX Corp	15,217	$2,790,797
TRV	Travelers Companies, Inc.	7,340	$2,129,040
SNDR	Schneider National, Inc.	17,802	$472,287
TGT	Target Corp	2,757	$269,496
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
LYG	Lloyds Banking Group plc	12,659	$67,092
No positions match the current search.

Sold Out

Positions the filer fully exited

19 positions

Ticker	Company	Shares	Value
TREX	Trex Co Inc	9,276	$479,290
VERX	Vertex, Inc.	18,831	$466,820
OXLC	Oxford Lane Capital Corp.	20,383	$345,084
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
DD	DuPont de Nemours, Inc.	5,240	$170,793
CNH	CNH Industrial N.V.	10,131	$109,921
DVLT	Datavault AI Inc.	17,699	$19,291
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

11 positions · $20,306,777 total · Utilities only · as of Dec 31, 2025

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
WEC	Wec Energy Group, Inc. Utilities	Added	138,208	+3,692	$14,575,415	−5.4%	71.78%
NEE	Nextera Energy Inc Utilities	Added	20,223	+2,530	$1,623,502	+21.6%	7.99%
XEL	Xcel Energy Inc Utilities	Added	12,044	+1,977	$889,569	+9.6%	4.38%
CEG	Constellation Energy Corp Utilities	Added	2,044	+178	$722,083	+17.6%	3.56%
ETR	Entergy Corp /De/ Utilities	Added	5,745	+67	$531,010	+0.4%	2.61%
AEP	American Electric Power Co Inc Utilities	Added	3,348	+294	$386,057	+12.4%	1.90%
DUK	Duke Energy CORP Utilities	Reduced	3,256	-914	$381,635	−26.0%	1.88%
SO	Southern Co Utilities	Reduced	4,262	-1,032	$371,646	−25.9%	1.83%
LNT	Alliant Energy Corp Utilities	Added	5,259	+84	$341,887	−2.0%	1.68%
D	Dominion Energy, Inc Utilities	Added	5,169	+455	$302,851	+5.0%	1.49%
OKLO	Oklo Inc. Utilities	Added	2,524	+272	$181,122	−28.0%	0.89%