NICHOLAS COMPANY, INC.

Registered adviser

CIK

903949

Location

MILWAUKEE, WI

Portfolio Value

Mid $5,453,923,429

Diversification

Diversified

Filing Date

Global Rank

#824 / 8,827 ▼ 38 · as of Jun 2026

Top Industry

Semiconductors 12.2%

Period ended 38 days ago

Filed Nov 5, 2026 · 2d

27 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 108347

Roster of Nov 1, 2026

Regulatory AUM

$6,076,875,451

Main clients

Registered funds and BDCs (99% of AUM)

Registered funds advised

4 series (0 index, 0 ETFs)

$6,020,870,364 net assets· N-CEN Oct 31, 2025

LEI

54930018QCFUBTDXIT38

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Feb 2026 to Nov 2026	$6,076,875,451	Registered funds and BDCs (99%)
Feb 2025 to Jan 2026	$6,320,548,103	Registered funds and BDCs (99%)
Feb 2024 to Jan 2025	$5,132,297,895	Registered funds and BDCs (99%)
May 2023 to Jan 2024	$4,882,201,529	Registered funds and BDCs (99%)
Feb 2023 to Apr 2023	$4,882,201,529	Registered funds and BDCs (99%)
Feb 2022 to Jan 2023	$6,180,872,905	Registered funds and BDCs (99%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.

Style

Diversified active

Top 10 weight 27.6%, 66.2 effective positions, active share 58.1% against the S&P 500 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Low turnover

15.6% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 21.3 quarters (12+), a floor since 61.0% of the book was already held when coverage starts

Closest benchmark: the S&P 500 as of 2026-06-30, active share 58.1%; sector active share 20.6% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

199 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

4.6%

+0.1 pts

Top 5

21.1%

+2.1 pts

Top 10

29.7%

+2.1 pts

HHI

160

Diversified+9

Portfolio Trend

27 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Technology	39.1%	$2,130,271,427	58
Consumer Cyclical	12.8%	$695,975,572	21
Industrials	12.7%	$691,882,575	37
Healthcare	12.2%	$667,374,788	33
Financial Services	9.3%	$509,454,513	20
Communication Services	6.1%	$333,371,418	2
Consumer Defensive	3.6%	$193,713,668	12
Basic Materials	2.6%	$141,080,887	4
Real Estate	0.7%	$39,917,143	4
Utilities	0.5%	$27,197,063	4
Energy	0.4%	$23,684,375	4

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
AJG	Arthur J. Gallagher & Co.	+173,705	214,415	$48,910,205
AVGO	Broadcom Inc.	+44,620	308,152	$108,219,900
ALKT	Alkami Technology, Inc.	+34,030	380,612	$5,210,578
TGT	Target Corp	+14,125	37,860	$5,932,283
ESAB	ESAB Corp	+13,535	48,940	$3,224,167
VIK	Viking Holdings Ltd	+11,825	175,930	$13,780,596
META	Meta Platforms, Inc.	+11,025	136,840	$99,233,631
MCHP	Microchip Technology Inc	+7,930	344,397	$26,783,754
HON	Honeywell International Inc	+7,905	23,157	$4,884,737
ODFL	Old Dominion Freight Line, Inc.	+5,460	101,015	$17,560,447
TJX	Tjx Companies Inc	+5,240	540,140	$71,465,923
OLLI	Ollie's Bargain Outlet Holdings, Inc.	+4,910	66,340	$5,682,021
LNT	Alliant Energy Corp	+3,495	106,190	$6,721,827
PLD	Prologis, Inc.	+3,350	55,920	$7,260,652
PG	PROCTER & GAMBLE Co	+3,105	49,868	$7,244,823
NEE	Nextera Energy Inc	+2,965	107,045	$8,107,588
AMT	American Tower Corp	+2,790	40,665	$6,656,453
WEC	Wec Energy Group, Inc.	+2,190	65,670	$6,618,222
HD	Home Depot, Inc.	+635	241,721	$68,767,207
MAMA	Mama's Creations, Inc.	+135	392,951	$5,065,138
CNS	Cohen & Steers, Inc.	+120	125,785	$9,196,141
BURL	Burlington Stores, Inc.	+112	50,697	$13,545,731
FOUR	Shift4 Payments, Inc.	+110	94,073	$3,402,620
NCNO	nCino, Inc.	+95	289,043	$5,240,349
BWIN	Baldwin Insurance Group, Inc.	+95	184,275	$5,858,102
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
NOMD	Nomad Foods Ltd	−401,182	24,605	$254,169
PANW	Palo Alto Networks Inc	−104,075	162,195	$64,441,695
AOS	Smith A O Corp	−98,343	287,330	$16,196,792
FAST	Fastenal Co	−80,115	1,320,748	$65,416,648
RJF	Raymond James Financial Inc	−68,038	80,927	$12,788,084
NVDA	Nvidia Corp	−64,785	1,092,694	$249,549,455
USB	US Bancorp De	−59,800	138,490	$7,999,182
TMO	Thermo Fisher Scientific Inc.	−57,165	102,663	$69,302,658
OKTA	Okta, Inc.	−44,665	125,071	$26,153,596
CRM	Salesforce, Inc.	−33,025	242,245	$55,612,184
SNOW	Snowflake Inc.	−32,425	242,262	$82,262,484
SCI	Service Corp International	−25,472	184,688	$14,063,991
GMED	Globus Medical Inc	−23,910	225,419	$16,883,883
AMD	Advanced Micro Devices Inc	−22,735	156,691	$95,857,286
NTRS	Northern Trust Corp	−20,520	55,149	$9,340,034
ORLY	O Reilly Automotive Inc	−16,140	902,253	$77,061,428
COST	Costco Wholesale Corp	−15,210	69,284	$63,071,996
SN	SharkNinja, Inc.	−12,755	111,531	$20,088,963
TENB	Tenable Holdings, Inc.	−12,355	179,262	$6,523,344
LLY	ELI LILLY & Co	−11,750	58,231	$67,377,925
PNC	Pnc Financial Services Group, Inc.	−10,300	42,700	$9,490,502
BJ	BJ's Wholesale Club Holdings, Inc.	−10,165	173,804	$15,989,968
LSCC	Lattice Semiconductor Corp	−10,050	283,903	$35,663,894
COP	Conocophillips	−8,620	58,466	$7,317,019
BR	Broadridge Financial Solutions, Inc.	−8,585	58,894	$9,487,823
No positions match the current search.

New Positions

Positions the filer opened this quarter

10 positions

Ticker	Company	Shares	Value
MU	Micron Technology Inc	43,130	$45,938,194
APH	Amphenol Corp	302,250	$25,479,675
MPWR	Monolithic Power Systems, Inc.	11,870	$15,991,501
EME	EMCOR Group, Inc.	15,650	$11,807,768
MS	Morgan Stanley	37,415	$7,037,013
WM	Waste Management Inc	28,385	$5,788,269
ECL	Ecolab Inc.	21,080	$5,788,146
MMM	3M Co	33,400	$5,482,610
OMCL	Omnicell, Inc.	60,610	$2,063,770
CVSA	Covista Inc.	11,860	$1,449,292
No positions match the current search.

Sold Out

Positions the filer fully exited

6 positions

Ticker	Company	Shares	Value
AON	Aon plc	181,267	$60,124,451
NFLX	Netflix Inc	803,360	$57,359,904
FICO	Fair Isaac Corp	7,829	$9,353,932
CB	Chubb Ltd	25,425	$8,663,314
WING	Wingstop Inc.	44,285	$7,679,461
HONA	Honeywell Aerospace Inc.	15,227	$3,366,385
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

199 tracked positions · $5,453,923,429 total · filing declares 199 positions · $5,453,923,511 · as of Sep 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 199 positions by value · page 1 of 4

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Reduced	1,092,694	-64,785	$249,549,455	+7.8%	4.58%
GOOG	Alphabet Inc. Communication Services	Reduced	687,145	-360	$234,137,787	−3.6%	4.29%
MSFT	Microsoft Corp Technology	Reduced	451,736	-235	$231,695,394	+37.4%	4.25%
AAPL	Apple Inc. Technology	Reduced	662,320	-375	$220,565,806	+15.0%	4.04%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	872,361	-490	$217,348,743	+4.5%	3.99%
AVGO	Broadcom Inc. Technology	Added	308,152	+44,620	$108,219,900	+8.7%	1.98%
META	Meta Platforms, Inc. Communication Services	Added	136,840	+11,025	$99,233,631	+40.0%	1.82%
AMD	Advanced Micro Devices Inc Technology	Reduced	156,691	-22,735	$95,857,286	−8.0%	1.76%
SNOW	Snowflake Inc. Technology	Reduced	242,262	-32,425	$82,262,484	+17.7%	1.51%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	244,420	-4,100	$80,861,468	−0.6%	1.48%
ETN	Eaton Corp plc Industrials	Reduced	182,370	-85	$78,366,212	+0.8%	1.44%
WCN	Waste Connections, Inc. Industrials	Reduced	507,937	-115	$78,186,742	−7.7%	1.43%
ORLY	O Reilly Automotive Inc Consumer Cyclical	Reduced	902,253	-16,140	$77,061,428	−8.9%	1.41%
TXN	Texas Instruments Inc Technology	Reduced	267,052	-135	$74,798,594	−6.1%	1.37%
TJX	Tjx Companies Inc Consumer Cyclical	Added	540,140	+5,240	$71,465,923	−11.8%	1.31%
V	Visa Inc. Financial Services	Reduced	195,830	-115	$70,367,593	+4.7%	1.29%
TMO	Thermo Fisher Scientific Inc. Healthcare	Reduced	102,663	-57,165	$69,302,658	−13.5%	1.27%
HD	Home Depot, Inc. Consumer Cyclical	Added	241,721	+635	$68,767,207	−19.1%	1.26%
KO	Coca Cola Co Consumer Defensive	Reduced	785,718	-400	$67,634,605	+5.9%	1.24%
LLY	ELI LILLY & Co Healthcare	Reduced	58,231	-11,750	$67,377,925	−19.7%	1.24%
MA	Mastercard Inc Financial Services	Reduced	120,715	-70	$66,570,701	+7.3%	1.22%
ICE	Intercontinental Exchange, Inc. Financial Services	Reduced	436,655	-255	$66,384,659	+23.4%	1.22%
AZN	Astrazeneca PLC Healthcare	Reduced	410,168	-210	$66,229,826	−14.9%	1.21%
SHW	Sherwin Williams Co Basic Materials	Reduced	202,960	-115	$65,610,879	−6.2%	1.20%
FAST	Fastenal Co Industrials	Reduced	1,320,748	-80,115	$65,416,648	−2.8%	1.20%
JCI	Johnson Controls International plc Industrials	Reduced	439,805	-225	$65,377,013	+1.7%	1.20%
SPGI	S&P Global Inc. Financial Services	Reduced	165,335	-95	$65,219,697	−3.2%	1.20%
PANW	Palo Alto Networks Inc Technology	Reduced	162,195	-104,075	$64,441,695	−29.0%	1.18%
CDNS	Cadence Design Systems Inc Technology	Reduced	194,363	-115	$64,175,747	−12.1%	1.18%
COST	Costco Wholesale Corp Consumer Defensive	Reduced	69,284	-15,210	$63,071,996	−20.2%	1.16%
VMC	Vulcan Materials CO Basic Materials	Reduced	252,356	-6,469	$61,733,848	−19.1%	1.13%
SBUX	Starbucks Corp Consumer Cyclical	Reduced	646,160	-330	$60,713,193	−8.1%	1.11%
SYK	Stryker Corp Healthcare	Held	216,873	0	$59,724,655	−12.5%	1.10%
CTAS	Cintas Corp Industrials	Held	305,433	0	$59,577,760	+14.7%	1.09%
NOW	ServiceNow, Inc. Technology	Reduced	443,940	-265	$59,492,399	+34.9%	1.09%
SNPS	Synopsys Inc Technology	Reduced	135,202	-80	$58,804,757	−2.6%	1.08%
CRM	Salesforce, Inc. Technology	Reduced	242,245	-33,025	$55,612,184	+29.0%	1.02%
LRCX	Lam Research Corp Technology	Reduced	159,567	-150	$52,419,355	−24.3%	0.96%
FTV	Fortive Corp Technology	Reduced	893,865	-350	$48,992,740	−10.3%	0.90%
AJG	Arthur J. Gallagher & Co. Financial Services	Added	214,415	+173,705	$48,910,205	+423.3%	0.90%
KLAC	Kla Corp Technology	Reduced	245,785	-190	$47,910,870	−35.4%	0.88%
MCD	Mcdonalds Corp Consumer Cyclical	Reduced	203,815	-105	$47,069,036	−14.6%	0.86%
MU	Micron Technology Inc Technology	NEW	43,130	NEW	$45,938,194	NEW	0.84%
ITW	Illinois Tool Works Inc Industrials	Reduced	175,300	-115	$45,101,184	−4.9%	0.83%
ALC	Alcon Inc Healthcare	Reduced	687,885	-410	$44,540,553	−3.6%	0.82%
BSX	Boston Scientific Corp Healthcare	Reduced	981,814	-630	$42,856,181	+2.2%	0.79%
WDAY	Workday, Inc. Technology	Reduced	217,000	-130	$41,329,820	+55.5%	0.76%
ZS	Zscaler, Inc. Technology	Reduced	204,296	-5,380	$40,740,708	+37.7%	0.75%
ROP	Roper Technologies Inc Technology	Reduced	109,455	-80	$38,244,671	+3.2%	0.70%
LSCC	Lattice Semiconductor Corp Technology	Reduced	283,903	-10,050	$35,663,894	−20.7%	0.65%

Showing the top 50 of 199 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

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.