1y return+23.1%S&P 500 +20.9%
3y return+71.4%S&P 500 +68.5%
5y return+73.1%S&P 500 +74.5%
10y return+213.6%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $314 against $357 in the S&P 500.2
Nicolet Bankshares IncS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| SPYMState Street Spdr | $441.8M | 14.0% | +7.8% |
| AAPLApple Inc | $116.8M | 3.7% | |
| SPYVSpdr Ser Tr | $115.8M | 3.7% | |
| AVEMAmerican Centy Etf Tr | $101.2M | 3.2% | |
| SPYGSpdr Ser Tr | $94.4M | 3.0% | −1.2% |
| VEAVanguard Tax-managed Fds | $85.3M | 2.7% | +14.0% |
| VOOVanguard Index Fds | $57.1M | 1.8% | −7.8% |
| ITOTIshares Tr | $54.7M | 1.7% | +2.8% |
| VOVanguard Morn Mid Cap Etf | $54.5M | 1.7% | +17.0% |
| FBNDFidelity Merrimack Str Tr | $46.7M | 1.5% | +54.1% |
| MSFTMicrosoft Corp | $42.6M | 1.4% | |
| NVDANvidia Corporation | $41.8M | 1.3% | +7.0% |
| VTEBVanguard Mun Bd Fds | $39.9M | 1.3% | −1.6% |
| SCHVSchwab Strategic Tr | $39.2M | 1.2% | −5.6% |
| MUBIshares Tr | $38.6M | 1.2% | +2.3% |
| JPMJpmorgan Chase & Co | $38.5M | 1.2% | −2.0% |
| BRK/BBerkshire Hathaway Inc Del | $37.6M | 1.2% | |
| VONGVanguard Scottsdale Fds | $33.5M | 1.1% | −1.1% |
| AMZNAmazon Com Inc | $33.2M | 1.1% | |
| UITBVictoryshares | $31.4M | 1.0% | +38.3% |
| SPYState Street Spdr S&p 500 Etf Tr | $30.6M | 1.0% | |
| GOOGLAlphabet Inc | $29.7M | 0.9% | −1.9% |
| IVVIshares Tr | $29.6M | 0.9% | −2.9% |
| AVREAvantis Global | $29.5M | 0.9% | +3.6% |
| GOOGAlphabet Inc | $27.7M | 0.9% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NVDANvidia Corporation | June 30, 2020 | +2006.7% | $41.8M |
| CATCaterpillar Inc | June 30, 2020 | +741.8% | $17.1M |
| GOOGLAlphabet Inc | June 30, 2020 | +404.0% | $29.7M |
| GOOGAlphabet Inc | June 30, 2020 | +399.9% | $27.7M |
| JPMJpmorgan Chase & Co | June 30, 2020 | +248.0% | $38.5M |
| AAPLApple Inc | June 30, 2020 | +217.3% | $116.8M |
| AVGOBroadcom Inc | March 31, 2024 | +185.0% | $16.1M |
| BRK/BBerkshire Hathaway Inc Del | June 30, 2020 | +180.3% | $37.6M |
| IVWIshares Tr | June 30, 2020 | +165.1% | $17.4M |
| SPYGSpdr Ser Tr | June 30, 2020 | +164.9% | $94.4M |
Sold off last quarter
- Soleno Therapeutics IncCUSIP 834203309 was $5.2M
- Honeywell Intl IncCUSIP 438516106 was $3.7M
- OKTAOkta Inc was $905K
- Wix Com LtdCUSIP M98068105 was $898K
- CTRACoterra Energy Inc was $457K
- DHID R Horton Inc was $313K
- Amcor PLCCUSIP G0250X149 was $283K
- EPAMEpam Sys Inc was $277K
- AWKAmerican Wtr Wks Co Inc New was $275K
- MGRCMcgrath Rentcorp was $270K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +13.4% | +14.8% |
| March 31, 2026 | +1.9% | −4.6% |
| December 31, 2025 | −0.4% | +2.4% |
| September 30, 2025 | +7.0% | +7.8% |
| June 30, 2025 | +9.2% | +10.5% |
| March 31, 2025 | −1.6% | −4.6% |
| December 31, 2024 | +1.8% | +2.1% |
| September 30, 2024 | +7.0% | +5.4% |
| June 30, 2024 | +1.4% | +4.0% |
| March 31, 2024 | +8.3% | +10.0% |
| December 31, 2023 | +11.3% | +11.2% |
| September 30, 2023 | −2.6% | −3.6% |
| June 30, 2023 | +6.9% | +8.3% |
| March 31, 2023 | +0.9% | +7.0% |
| December 31, 2022 | +9.0% | +7.1% |
| September 30, 2022 | −5.1% | −5.3% |
| June 30, 2022 | −16.3% | −16.5% |
| March 31, 2022 | −2.2% | −4.9% |
| December 31, 2021 | +9.9% | +10.7% |
| September 30, 2021 | +0.6% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Nicolet Bankshares Inc Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1174850&type=13F-HR&dateb=&owner=include&count=40CIK 1174850
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1174850/000117485026000167/Filed August 11, 2026 · accession 0001174850-26-000167