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Nichols Asset Management LLC Historical SEC 13F Holdings & Archive (Q4 2016)
Nichols Asset Management LLCCIK: 0001512914
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$51.0M
Reporting period: 2016-12-31 · Number of holdings: 64
Nichols Asset Management LLC disclosed 64 holdings in its latest 13F filing for the period ending 2016-12-31, with total reported value of $51.0M and a quarterly turnover rate of 9.9%.
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Personality snowflake
- Concentration
- 15.56
- Portfolio Stability
- 9.93
- Momentum
- 100
- Sector conviction
- 65.27
- Diversification
- 100
- Sizing Uniformity
- 87.7
Nichols Asset Management LLC's disclosed holdings carry a Herfindahl concentration index of 0.039 — mathematically equivalent to about 26 equally-sized positions, well below its 64 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.23), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 22% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim 73935A104
-16.7% -$472.0K
Add 252787106
0.0% $187.0K
Trim CVS
-36.5% -$255.0K
Add QNDX
0.0% -$40.0K
Add SPY
0.0% $86.0K
Trim V
-30.9% -$186.0K
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | PFF | Ishares Preferred & Income S | ETF-Other | 10.68% | -0.12% | — | |
| 2 | QNDX | State Street SPDR Portfolio Nasdaq 100 ETF | ETF-Tech | 10.53% | +0.43% | — | |
| 3 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 5.22% | +0.41% | — | |
| 4 | ✓ | Spdr Djia ETF Trust | ETF-Other | 4.93% | +0.59% | — | |
| 5 | ✓ | Powershares Qqq Trust Ser 1 | Stock-Other | 4.57% | -0.66% | -16.65% | |
| 6 | DVY | Ishares Select Dividend ETF | ETF-Other | 3.23% | +0.26% | — | |
| 7 | MRSH | Marsh & Mclennan Cos | Stock-Financials | 3.13% | — | — | |
| 8 | IGSB | Ishares 1-5y Inv Grade CORP | ETF-Other | 2.69% | — | — | |
| 9 | INTC | Intel CORP | Stock-Tech | 1.98% | +0.02% | — | |
| 10 | MMM | 3m Co | Stock-Industrials | 1.98% | — | — | |
| 11 | JNJ | Johnson & Johnson | Stock-Healthcare | 1.90% | — | +0.96% | |
| 12 | CNC | Centene CORP | Stock-Healthcare | 1.87% | -0.24% | — | |
| 13 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 1.81% | +0.18% | — | |
| 14 | BDX | Becton Dickinson And Co | Stock-Healthcare | 1.60% | -0.05% | — | |
| 15 | AEP | American Electric Power Company, Inc. | Stock-Utilities | 1.58% | +0.17% | — | |
| 16 | UTXZ | United Tech CORP | Stock-Other | 1.52% | +0.18% | — | |
| 17 | ✓ | Stock-Other | 1.47% | -0.05% | — | ||
| 18 | PEP | Pepsico Inc | Stock-Consumer Staples | 1.41% | +0.01% | — | |
| 19 | NSRGY | Nestle Sa-spons Adr | Stock-Other | 1.39% | -0.07% | — | |
| 20 | GIS | General Mills Inc | Stock-Consumer Staples | 1.24% | — | — | |
| 21 | ROP | Roper Technologies Inc | Stock-Tech | 1.23% | — | — | |
| 22 | ABBV | Abbvie Inc | Stock-Healthcare | 1.20% | — | — | |
| 23 | TJX | Tjx Companies Inc | Stock-Consumer Disc | 1.19% | — | — | |
| 24 | SF | Stifel Financial CORP | Stock-Financials | 1.15% | +0.31% | — | |
| 25 | TMO | Thermo Fisher Scientific Inc | Stock-Healthcare | 1.15% | -0.08% | — | |
| 26 | IWM | Ishares Russell 2000 ETF | ETF-Small Cap | 1.11% | +0.13% | — | |
| 27 | PUK | Prudential Plc-adr | Stock-Other | 1.08% | +0.16% | — | |
| 28 | UNP | Union Pacific CORP | Stock-Industrials | 1.07% | +0.11% | — | |
| 29 | BASFY | Basf Se-spon Adr | Stock-Other | 1.06% | +0.13% | — | |
| 30 | WPP | Wpp Plc-sponsored Adr | Stock-Other | 1.04% | -0.01% | — | |
| 31 | ES | Eversource Energy | Stock-Utilities | 1.03% | — | — | |
| 32 | BIIB | Biogen Inc | Stock-Healthcare | 1.03% | -0.05% | — | |
| 33 | MSFT | Microsoft CORP | Stock-Tech | 1.02% | +0.12% | — | |
| 34 | SYY | Sysco CORP | Stock-Consumer Staples | 1.01% | +0.16% | — | |
| 35 | WMT | Walmart Inc | Stock-Consumer Staples | 0.99% | — | — | |
| 36 | KMB | Kimberly-clark CORP | Stock-Consumer Staples | 0.98% | -0.06% | — | |
| 37 | AMT | American Tower CORP | Stock-Real Estate | 0.93% | -0.02% | — | |
| 38 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 0.88% | -0.06% | — | |
| 39 | SYTUSD | Syngenta Ag-adr | Stock-Other | 0.88% | -0.04% | — | |
| 40 | AMGN | Amgen Inc | Stock-Healthcare | 0.82% | -0.07% | — | |
| 41 | ✓ | Fuji Heavy Indus-unspons Adr | Stock-Other | 0.80% | +0.10% | +300.00% | |
| 42 | ✓ | Fdx | Stock-Other | 0.77% | +0.08% | — | |
| 43 | ABT | Abbott Laboratories | Stock-Healthcare | 0.76% | -0.03% | — | |
| 44 | NEE | Nextera Energy Inc | Stock-Utilities | 0.75% | — | — | |
| 45 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 0.69% | -0.01% | — | |
| 46 | V | Visa Inc-class A Shares | Stock-Financials | 0.69% | -0.31% | -30.86% | |
| 47 | CSCO | Cisco Systems, Inc. | Stock-Tech | 0.65% | — | — | |
| 48 | NGG | National Grid plc | Stock-Utilities | 0.65% | -0.11% | — | |
| 49 | CVS | Cvs Health CORP | Stock-Healthcare | 0.65% | -0.44% | -36.50% | |
| 50 | CVX | Chevron CORP | Stock-Energy | 0.64% | +0.11% | — |
1–50 of 64
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2016 Q4 | 64 | $51.0M | 10 | ||
| 2016 Q3 | 69 | $53.5M | 16 | ||
| 2016 Q2 | 69 | $49.2M | 100 | ||
| 2016 Q1 | 112 | $453.5M | 33 | ||
| 2015 Q4 | 113 | $459.1M | 36 | ||
| 2015 Q3 | 118 | $447.6M | 69 | ||
| 2015 Q2 | 127 | $560.6M | 39 | ||
| 2015 Q1 | 129 | $571.5M | 38 | ||
| 2014 Q4 | 132 | $509.7M | 45 | ||
| 2014 Q3 | 157 | $484.0M | 40 | ||
| 2014 Q2 | 158 | $494.7M | 47 | ||
| 2014 Q1 | 157 | $444.3M | 34 | ||
| 2013 Q4 | 157 | $478.9M | 40 | ||
| 2013 Q3 | 158 | $362.7M | 29 | ||
| 2013 Q2 | 152 | $330.1M | 0 |
Holding changes this quarter
Nichols Asset Management LLC's most significant position changes for 2016-12-31: Sold out: Teva Pharmaceutical-sp Adr (TEVA); Sold out: Nike Inc -cl B (NKE); Sold out: Johnson & Johnson (JNJ); New buy: Costco Wholesale CORP (COST); Sold out: Jm Smucker Co/the (SJM).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | ✓ | Spdr Djia ETF Trust | +0.6% | — | Unchanged |
| 2 | QNDX | State Street SPDR Portfolio Nasdaq 100 ETF | +0.4% | — | Unchanged |
| 3 | SPY | Ss Spdr S&p 500 ETF Trust-us | +0.4% | — | Unchanged |
| 4 | SF | Stifel Financial CORP | +0.3% | — | Unchanged |
| 5 | DVY | Ishares Select Dividend ETF | +0.3% | — | Unchanged |
| 6 | UTXZ | United Tech CORP | +0.2% | — | Unchanged |
| 7 | MCD | Mcdonald's CORP | +0.2% | — | Unchanged |
| 8 | AEP | American Electric Power Company, Inc. | +0.2% | — | Unchanged |
| 9 | SYY | Sysco CORP | +0.2% | — | Unchanged |
| 10 | PUK | Prudential Plc-adr | +0.2% | — | Unchanged |
| 11 | IWM | Ishares Russell 2000 ETF | +0.1% | — | Unchanged |
| 12 | BASFY | Basf Se-spon Adr | +0.1% | — | Unchanged |
| 13 | MSFT | Microsoft CORP | +0.1% | — | Unchanged |
| 14 | CVX | Chevron CORP | +0.1% | — | Unchanged |
| 15 | UNP | Union Pacific CORP | +0.1% | — | Unchanged |
| 16 | ✓ | Fuji Heavy Indus-unspons Adr | +0.1% | +300.00% | Add |
| 17 | ADP | Automatic Data Processing | +0.1% | — | Unchanged |
| 18 | ✓ | Fdx | +0.1% | — | Unchanged |
| 19 | INTC | Intel CORP | 0% | — | Unchanged |
| 20 | PEP | Pepsico Inc | 0% | — | Unchanged |
| 21 | WPP | Wpp Plc-sponsored Adr | 0% | — | Unchanged |
| 22 | TSM | Taiwan Semiconductor-sp Adr | 0% | — | Unchanged |
| 23 | AMT | American Tower CORP | 0% | — | Unchanged |
| 24 | GILD | Gilead Sciences Inc | 0% | — | Unchanged |
| 25 | ABT | Abbott Laboratories | 0% | — | Unchanged |
| 26 | SYTUSD | Syngenta Ag-adr | 0% | — | Unchanged |
| 27 | HENOY | Henkel Kgaa-spons Adr Pfd | 0% | — | Unchanged |
| 28 | BDX | Becton Dickinson And Co | -0.1% | — | Unchanged |
| 29 | ✓ | -0.1% | — | Unchanged | |
| 30 | BIIB | Biogen Inc | -0.1% | — | Unchanged |
| 31 | ✓ | Power Assets ADR | -0.1% | — | Unchanged |
| 32 | KMB | Kimberly-clark CORP | -0.1% | — | Unchanged |
| 33 | AMZN | Amazon.com Inc | -0.1% | — | Unchanged |
| 34 | NSRGY | Nestle Sa-spons Adr | -0.1% | — | Unchanged |
| 35 | AMGN | Amgen Inc | -0.1% | — | Unchanged |
| 36 | TMO | Thermo Fisher Scientific Inc | -0.1% | — | Unchanged |
| 37 | NGG | National Grid plc | -0.1% | — | Unchanged |
| 38 | PFF | Ishares Preferred & Income S | -0.1% | — | Unchanged |
| 39 | CNC | Centene CORP | -0.2% | — | Unchanged |
| 40 | CL | Colgate-palmolive Co | -0.3% | -28.57% | Trim |
| 41 | V | Visa Inc-class A Shares | -0.3% | -30.86% | Trim |
| 42 | CVS | Cvs Health CORP | -0.4% | -36.50% | Trim |
| 43 | ✓ | Powershares Qqq Trust Ser 1 | -0.7% | -16.65% | Trim |
| 44 | TEVA | Teva Pharmaceutical-sp Adr | — | EXIT | Sold out |
| 45 | NKE | Nike Inc -cl B | — | EXIT | Sold out |
| 46 | JNJ | Johnson & Johnson | — | EXIT | Sold out |
| 47 | COST | Costco Wholesale CORP | — | NEW | New buy |
| 48 | SJM | Jm Smucker Co/the | — | EXIT | Sold out |
| 49 | ✓ | Senomyx Inc | — | EXIT | Sold out |
| 50 | JASNQ | Jason Industries Inc | — | EXIT | Sold out |
💡
Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Filing History
FAQ
What is Nichols Asset Management LLC and what type of investor is it?
Nichols Asset Management LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2016-12-31), the firm manages a tracked equity portfolio valued at approximately $51.0M, spread across 64 disclosed positions.
What are Nichols Asset Management LLC's largest equity positions?
Based on the latest 13F filing, Nichols Asset Management LLC's top holdings by market value are:
1. Ishares Preferred & Income S (PFF) — $5.4M (10.7%)
2. State Street SPDR Portfolio Nasdaq 100 ETF (QNDX) — $5.4M (10.5%)
3. Ss Spdr S&p 500 ETF Trust-us (SPY) — $2.7M (5.2%)
4. Spdr Djia ETF Trust — $2.5M (4.9%)
5. Powershares Qqq Trust Ser 1 — $2.3M (4.6%)
What changes did Nichols Asset Management LLC make in its most recent portfolio filing?
In the latest reported quarter, Nichols Asset Management LLC made 12 notable position adjustments: 1 new positions were initiated, 1 existing holdings were added to, 4 positions were partially reduced, and 6 were completely exited. The largest of these moves: Sold out: Teva Pharmaceutical-sp Adr (TEVA); Sold out: Nike Inc -cl B (NKE); Sold out: Johnson & Johnson (JNJ); New buy: Costco Wholesale CORP (COST); Sold out: Jm Smucker Co/the (SJM)
What sectors does Nichols Asset Management LLC focus on?
Nichols Asset Management LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Health Care: 32.0%
• Information Technology: 26.4%
• Consumer Staples: 15.3%
• Consumer Discretionary: 12.4%
• Energy: 5.9%
• Industrials: 4.9%
Investment Profile
Nichols Asset Management LLC's portfolio is broadly diversified and long-term-holding, with 32.0% of the portfolio concentrated in Health Care.
Its turnover score has fallen from 36 to 10 over the past 4 quarters — a shift toward longer holding periods.
It has added to its SPDR DJIA ETF TRUST position over the past two quarters (+$235.0K, now $2.5M), while trimming CVS over the same stretch (-$300.0K, still holding $330.0K).
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