NICHOLAS COMPANY, INC.

CIK

903949

Location

MILWAUKEE, WI

Portfolio Value

Mid $4,890,305,359

Diversification

Diversified

Filing Date

Global Rank

#680 / 8,622 ▼ 23 · as of Mar 2026

Top Industry

Semiconductors 9.4%

3Y Alpha vs SPY

-13.4%

Period ended 4 months ago

Filed May 4, 2026 · 3mo

25 quarters · since Mar 2020

Clone Performance

Jul 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

+28.5%

SPY

+67.9%

Annualised alpha

-10.1%

Max drawdown

−19.3%

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. It tracks 100% of reported value on average across 13 quarters. 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%	$650,747,885	33
Financial Services	10.7%	$522,071,953	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	$6,872,443
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 · $4,890,305,359 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	$70,346,977	−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%