NICHOLAS COMPANY, INC.

CIK

903949

Location

MILWAUKEE, WI

Portfolio Value

Mid $4,890,305,363

Diversification

Diversified

Filing Date

Global Rank

#533 / 8,232 ▲ 10

Top Industry

Semiconductors 9.4%

3Y Alpha vs SPY

-13.2%

Period ended 2 months ago

Filed May 4, 2026 · 41d

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

+24.5%

SPY

+76.3%

Annualised alpha

-13.2%

Max drawdown

−19.7%

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

202 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

4.1%

+0.1 pts

Top 5

16.5%

−0.4 pts

Top 10

25.0%

+0.1 pts

HHI

136

Diversified+2

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	33.8%	$1,654,243,082	60
Consumer Cyclical	15.1%	$737,433,115	24
Healthcare	14.7%	$720,689,376	35
Industrials	13.3%	$650,747,884	33
Financial Services	10.7%	$522,071,958	22
Consumer Defensive	4.2%	$205,199,447	10
Communication Services	3.0%	$145,506,635	2
Basic Materials	2.9%	$143,862,279	3
Real Estate	1.0%	$51,143,192	5
Utilities	0.7%	$32,290,826	4
Energy	0.6%	$27,117,569	4

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
AVGO	Broadcom Inc.	+242,855	263,472	$81,547,218
NFLX	Netflix Inc	+196,935	803,210	$77,228,641
PANW	Palo Alto Networks Inc	+120,730	344,380	$55,211,001
BSX	Boston Scientific Corp	+114,116	741,274	$46,514,943
SYY	Sysco Corp	+61,465	92,380	$6,589,465
WCN	Waste Connections, Inc.	+59,035	508,147	$82,543,398
CDNS	Cadence Design Systems Inc	+58,282	194,428	$54,025,708
ALKT	Alkami Technology, Inc.	+34,285	346,582	$5,430,939
AAPL	Apple Inc.	+31,135	662,630	$168,168,867
ROP	Roper Technologies Inc	+29,160	109,535	$38,760,055
CMG	Chipotle Mexican Grill Inc	+27,660	379,350	$12,142,993
RYAN	Ryan Specialty Holdings, Inc.	+25,030	143,670	$4,847,425
ETN	Eaton Corp plc	+24,955	181,180	$64,802,650
JCI	Johnson Controls International plc	+18,295	440,030	$57,621,928
NOW	ServiceNow, Inc.	+17,900	443,915	$46,411,313
CSCO	Cisco Systems, Inc.	+15,660	105,000	$8,146,950
MDT	Medtronic plc	+14,785	85,600	$7,417,240
LNT	Alliant Energy Corp	+14,250	102,485	$7,354,323
WEC	Wec Energy Group, Inc.	+12,745	63,380	$7,337,502
VIK	Viking Holdings Ltd	+12,675	173,925	$12,780,009
BAH	Booz Allen Hamilton Holding Corp	+10,540	71,175	$5,553,785
MSFT	Microsoft Corp	+9,429	451,856	$167,263,535
HLT	Hilton Worldwide Holdings Inc.	+9,075	49,045	$14,913,603
TSCO	Tractor Supply Co /De/	+8,935	115,644	$5,238,673
SN	SharkNinja, Inc.	+8,370	124,411	$13,175,124
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
KO	Coca Cola Co	−299,797	785,813	$59,761,078
SLP	Simulations Plus, Inc.	−260,572	2,140	$25,294
DT	Dynatrace, Inc.	−217,464	226,149	$8,362,990
TECH	BIO-TECHNE Corp	−207,925	182,869	$9,556,733
TJX	Tjx Companies Inc /De/	−120,630	536,200	$85,631,140
WBS	Webster Financial Corp	−105,640	45,829	$3,181,449
ADBE	Adobe Inc.	−98,876	75,750	$18,413,310
PHR	Phreesia, Inc.	−96,543	152,109	$1,274,673
SBUX	Starbucks Corp	−87,385	646,565	$57,925,758
FOUR	Shift4 Payments, Inc.	−86,587	93,963	$4,109,001
NDAQ	Nasdaq, Inc.	−85,470	75	$6,366
ESTC	Elastic N.V.	−81,315	120,456	$6,021,595
LRCX	Lam Research Corp	−69,510	251,582	$53,753,010
WDAY	Workday, Inc.	−64,730	217,285	$28,229,667
GMED	Globus Medical Inc	−58,272	249,449	$21,492,525
CNS	Cohen & Steers, Inc.	−51,378	125,665	$7,860,345
CMS	Cms Energy Corp	−49,575	102,465	$7,949,234
TXN	Texas Instruments Inc	−42,692	289,437	$56,191,299
SPSC	Sps Commerce Inc	−41,441	22,977	$1,279,129
AMD	Advanced Micro Devices Inc	−40,369	257,476	$52,378,342
IIIV	i3 Verticals, Inc.	−37,521	293,827	$6,569,971
ZS	Zscaler, Inc.	−34,855	227,842	$31,963,954
MCHP	Microchip Technology Inc	−33,555	370,152	$23,915,520
WING	Wingstop Inc.	−31,526	42,011	$6,510,444
DCI	DONALDSON Co INC	−29,155	38,125	$3,235,668
No positions match the current search.

New Positions

Positions the filer opened this quarter

9 positions

Ticker	Company	Shares	Value
AZN	Astrazeneca PLC	410,238	$80,907,138
CRL	Charles River Laboratories International, Inc.	71,940	$12,409,650
DDOG	Datadog, Inc.	92,645	$10,936,742
LIN	Linde PLC	16,715	$8,286,628
PLD	Prologis, Inc.	52,485	$6,937,467
HON	Honeywell International Inc	30,405	$6,872,442
ACN	Accenture plc	33,865	$6,715,090
ESAB	ESAB Corp	28,230	$2,728,711
TW	Tradeweb Markets Inc.	20,890	$2,457,917
No positions match the current search.

Sold Out

Positions the filer fully exited

10 positions

Ticker	Company	Shares	Value
TEAM	Atlassian Corp	306,819	$49,747,632
CARR	CARRIER GLOBAL Corp	922,625	$48,751,505
TTD	Trade Desk, Inc.	1,016,743	$38,595,564
LECO	Lincoln Electric Holdings Inc	31,420	$7,529,488
APD	Air Products & Chemicals, Inc.	23,897	$5,903,036
NVO	Novo Nordisk A S	90,890	$4,624,483
NXRT	NexPoint Residential Trust, Inc.	110,965	$3,340,046
CRWD	CrowdStrike Holdings, Inc.	3,040	$1,425,030
SWKS	Skyworks Solutions, Inc.	21,566	$1,367,500
MICC	Magnum Ice Cream Co N.V.	75	$1,188
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

202 positions · $4,890,305,363 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 1–50 of 202 positions by value · page 1 of 5

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Reduced	1,157,174	-1,076	$201,811,145	−6.6%	4.13%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	872,791	-763	$181,776,181	−9.8%	3.72%
AAPL	Apple Inc. Technology	Added	662,630	+31,135	$168,168,867	−2.0%	3.44%
MSFT	Microsoft Corp Technology	Added	451,856	+9,429	$167,263,535	−21.8%	3.42%
ORLY	O Reilly Automotive Inc Consumer Cyclical	Reduced	960,195	-675	$88,635,600	+1.1%	1.81%
TJX	Tjx Companies Inc /De/ Consumer Cyclical	Reduced	536,200	-120,630	$85,631,140	−15.1%	1.75%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	84,494	-3,782	$84,192,356	+10.6%	1.72%
WCN	Waste Connections, Inc. Industrials	Added	508,147	+59,035	$82,543,398	+4.8%	1.69%
AVGO	Broadcom Inc. Technology	Added	263,472	+242,855	$81,547,218	+1042.8%	1.67%
AZN	Astrazeneca PLC Healthcare	NEW	410,238	NEW	$80,907,138	NEW	1.65%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	239,556	-152	$78,787,572	−4.5%	1.61%
TMO	Thermo Fisher Scientific Inc. Healthcare	Reduced	159,828	-140	$78,560,256	−15.2%	1.61%
NFLX	Netflix Inc Communication Services	Added	803,210	+196,935	$77,228,641	+35.9%	1.58%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	248,390	-200	$73,066,402	−8.8%	1.49%
SNY	Sanofi Healthcare	Reduced	1,498,990	-1,265	$72,221,338	−0.7%	1.48%
VMC	Vulcan Materials CO Basic Materials	Reduced	258,885	-3,420	$70,494,385	−5.8%	1.44%
SPGI	S&P Global Inc. Financial Services	Reduced	165,390	-150	$70,346,982	−18.7%	1.44%
ICE	Intercontinental Exchange, Inc. Financial Services	Reduced	436,910	-245	$68,717,204	−2.9%	1.41%
META	Meta Platforms, Inc. Communication Services	Reduced	119,340	-70	$68,277,994	−13.4%	1.40%
SHW	Sherwin Williams Co Basic Materials	Reduced	203,030	-190	$65,081,266	−1.2%	1.33%
FAST	Fastenal Co Industrials	Reduced	1,400,250	-1,560	$64,971,600	+15.5%	1.33%
ETN	Eaton Corp plc Industrials	Added	181,180	+24,955	$64,802,650	+30.2%	1.33%
LLY	ELI LILLY & Co Healthcare	Reduced	69,981	-7,348	$64,366,424	−22.5%	1.32%
MCD	Mcdonalds Corp Consumer Cyclical	Added	202,205	+2,730	$62,843,291	+3.1%	1.29%
MA	Mastercard Inc Financial Services	Reduced	120,740	-110	$60,328,948	−12.6%	1.23%
KO	Coca Cola Co Consumer Defensive	Reduced	785,813	-299,797	$59,761,078	−21.3%	1.22%
V	Visa Inc. Financial Services	Reduced	195,875	-180	$59,201,260	−13.9%	1.21%
AON	Aon plc Financial Services	Reduced	181,227	-175	$58,496,451	−8.6%	1.20%
SBUX	Starbucks Corp Consumer Cyclical	Reduced	646,565	-87,385	$57,925,758	−6.3%	1.18%
JCI	Johnson Controls International plc Industrials	Added	440,030	+18,295	$57,621,928	+14.1%	1.18%
TXN	Texas Instruments Inc Technology	Reduced	289,437	-42,692	$56,191,299	−2.5%	1.15%
PANW	Palo Alto Networks Inc Technology	Added	344,380	+120,730	$55,211,001	+34.0%	1.13%
KLAC	Kla Corp Technology	Reduced	37,005	-7,485	$54,486,532	+0.8%	1.11%
SYK	Stryker Corp Healthcare	Reduced	164,528	-149	$54,062,255	−6.6%	1.11%
CDNS	Cadence Design Systems Inc Technology	Added	194,428	+58,282	$54,025,708	+27.0%	1.10%
LRCX	Lam Research Corp Technology	Reduced	251,582	-69,510	$53,753,010	−2.2%	1.10%
SNPS	Synopsys Inc Technology	Reduced	135,202	-115	$53,604,888	−15.7%	1.10%
AMD	Advanced Micro Devices Inc Technology	Reduced	257,476	-40,369	$52,378,342	−17.9%	1.07%
ALC	Alcon Inc Healthcare	Reduced	688,410	-200	$51,871,693	−4.4%	1.06%
CRM	Salesforce, Inc. Technology	Added	275,175	+3,645	$51,366,917	−28.6%	1.05%
FTV	Fortive Corp Technology	Reduced	894,360	-65	$49,440,220	+0.1%	1.01%
BSX	Boston Scientific Corp Healthcare	Added	741,274	+114,116	$46,514,943	−22.2%	0.95%
NOW	ServiceNow, Inc. Technology	Added	443,915	+17,900	$46,411,313	−28.9%	0.95%
ITW	Illinois Tool Works Inc Industrials	Reduced	175,280	-135	$45,623,631	+5.6%	0.93%
CTAS	Cintas Corp Industrials	Reduced	260,238	-253	$44,016,655	−10.2%	0.90%
ROP	Roper Technologies Inc Technology	Added	109,535	+29,160	$38,760,055	+8.3%	0.79%
SNOW	Snowflake Inc. Technology	Reduced	244,782	-407	$36,918,021	−31.4%	0.75%
ZS	Zscaler, Inc. Technology	Reduced	227,842	-34,855	$31,963,954	−45.9%	0.65%
LSCC	Lattice Semiconductor Corp Technology	Reduced	343,553	-15,950	$31,867,976	+20.5%	0.65%
WDAY	Workday, Inc. Technology	Reduced	217,285	-64,730	$28,229,667	−53.4%	0.58%