NB

Nicolet Bankshares INC

Diversified strategyHigh-turnover traderMomentum follower

Total reported value

$2.7B

Reporting period: 2026-03-31 · Number of holdings: 832

NICOLET BANKSHARES INC disclosed 832 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $2.7B and a quarterly turnover rate of 138.4%.

Personality snowflake

Concentration
10.88
Portfolio Stability
100
Momentum/Contrarian
100
Sector conviction
45.67
Diversification
100
Sizing Uniformity
62.17

Recent moves

  • Add SPYM

    +826.3%　$317.0M

  • Trim VOO

    +83.6%　$23.2M

  • Trim SPYV

    +166.7%　$66.6M

  • Add MUB

    +6247.9%　$36.7M

  • Trim SPY

    +105.0%　$13.1M

  • Add AAPL

    +551.1%　$82.4M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

Showing top 562 holdings (of 832 total)

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1SPYMSte Str Spdr Pt S&p 500 ETFETF-Large Cap & Growth13.18%+6.74%+826.28%
2SPYVSs Spdr P S&p 500 Value ETFETF-Large Cap & Growth3.94%-2.50%+166.73%
3AAPLApple INCStock-Tech3.64%+1.05%+551.14%
4AVEMAvantis Emerging Markets EqETF-Emerging Markets3.19%+0.35%+362.55%
5SPYGSs Spdr P S&p 500 Growth ETFETF-Large Cap & Growth2.93%-0.89%+260.07%
6VEAVanguard Ftse Developed ETFETF-Other2.50%+0.52%+427.51%
7VOOVanguard S&p 500 ETFETF-Large Cap & Growth1.99%-2.94%+83.60%
8ITOTIshares Core S&p Total U.s.ETF-Other1.71%+1.71%NEW
9MSFTMicrosoft CORPStock-Tech1.54%-0.50%+330.61%
10VOVanguard Mid-cap ETFETF-Other1.53%+0.99%+1132.40%
11VTEBVanguard Tax-exempt Bond ETFETF-Other1.48%+1.48%NEW
12MUBIshares National Muni Bond EETF-Other1.37%+1.28%+6247.89%
13SCHVSchwab US Large-cap ValueETF-Other1.34%+1.34%NEW
14BRK-BBerkshire Hathaway Inc-cl BStock-Other1.30%+0.86%+1251.79%
15JPMJpmorgan Chase & CoStock-Financials1.28%+0.27%+504.21%
16NVDANvidia CORPStock-Tech1.28%-0.53%+225.98%
17FBNDFidelity Total Bond ETFETF-Other1.12%+1.12%NEW
18VONGVanguard Russell 1000 GrowthETF-Other1.07%+1.07%NEW
19AMZNAmazon.com INCStock-Consumer Disc1.05%+0.04%+397.43%
20SPYSs Spdr S&p 500 ETF Trust-usETF-Large Cap & Growth0.99%-1.20%+104.95%
21IVVIshares Core S&p 500 ETFETF-Large Cap & Growth0.98%-0.73%+159.83%
22AVREAvantis Real Estate ETFETF-Other0.97%-0.35%+214.11%
23IEFAIshares Core Msci Eafe ETFETF-Other0.93%+0.88%+7521.68%
24GOOGLAlphabet Inc-cl AStock-Comm Services0.90%-0.30%+248.78%
25PGProcter & Gamble Co/theStock-Consumer Staples0.87%+0.48%+866.60%
26UITBVictoryshares Core IntermediETF-Other0.84%+0.62%+1546.45%
27GOOGAlphabet Inc-cl CStock-Comm Services0.82%-0.11%+313.44%
28BNDVanguard Total Bond MarketETF-Other0.80%+0.53%+1184.40%
29WECWec Energy Group INCStock-Utilities0.69%+0.41%+863.04%
30VONEVanguard Russell 1000ETF-Other0.67%—+92.94%
31SCHBSchwab US Broad Market ETFETF-Other0.65%+0.65%NEW
32METAMeta Platforms Inc-class AStock-Comm Services0.64%-0.03%+379.66%
33VTVVanguard Value ETFETF-Other0.60%—+325.51%
34AGGIshares Core U.s. AggregateETF-Other0.60%+0.40%+1190.43%
35SPABSs Spdr P Agg Bond ETFETF-Other0.60%+0.60%NEW
36VCLTVanguard Long-term CORP BondETF-Corp Bonds0.57%+0.57%NEW
37XOMExxon Mobil CORPStock-Energy0.54%+0.07%+259.62%
38AMLPAlerian Mlp ETFETF-Other0.54%—+122.29%
39VCSHVanguard S/t CORP Bond ETFETF-Corp Bonds0.53%+0.49%+5818.73%
40IVWIshares S&p 500 Growth ETFETF-Large Cap & Growth0.53%—+19.38%
41VBVanguard Small-cap ETFETF-Other0.50%+0.23%+688.33%
42AVGOBroadcom INCStock-Tech0.48%+0.21%+770.45%
43ORCLOracle CORPStock-Tech0.47%+0.14%+709.51%
44WMTWalmart INCStock-Consumer Staples0.45%+0.12%+415.04%
45HDHome Depot INCStock-Consumer Disc0.44%+0.08%+453.16%
46CATCaterpillar INCStock-Industrials0.44%+0.04%+280.73%
47KOCoca-cola Co/theStock-Consumer Staples0.42%+0.06%+367.24%
48JNJJohnson & JohnsonStock-Healthcare0.42%+0.05%+312.36%
49AMJBAlerian Mlp Etn2044ETF-Other0.42%—+130.56%
50COSTCostco Wholesale CORPStock-Consumer Staples0.41%—+126.91%
1–50 of 562

Holding changes this quarter

Nicolet Bankshares INC's most significant position changes for 2026-03-31: Sold out: Nicolet Bankshares INC (NIC); New buy: Ishares Core S&p Total U.s. (ITOT); New buy: Vanguard Tax-exempt Bond ETF (VTEB); New buy: Schwab US Large-cap Value (SCHV); New buy: Fidelity Total Bond ETF (FBND).

Position changes disclosed by Nicolet Bankshares INC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1SPYMSte Str Spdr Pt S&p 500 ETF+6.7%+826.28%Add
2MUBIshares National Muni Bond E+1.3%+6247.89%Add
3AAPLApple INC+1.1%+551.14%Add
4VOVanguard Mid-cap ETF+1%+1132.40%Add
5IEFAIshares Core Msci Eafe ETF+0.9%+7521.68%Add
6BRK-BBerkshire Hathaway Inc-cl B+0.9%+1251.79%Add
7UITBVictoryshares Core Intermedi+0.6%+1546.45%Add
8BNDVanguard Total Bond Market+0.5%+1184.40%Add
9VEAVanguard Ftse Developed ETF+0.5%+427.51%Add
10VCSHVanguard S/t CORP Bond ETF+0.5%+5818.73%Add
11PGProcter & Gamble Co/the+0.5%+866.60%Add
12WECWec Energy Group INC+0.4%+863.04%Add
13AGGIshares Core U.s. Aggregate+0.4%+1190.43%Add
14AVEMAvantis Emerging Markets Eq+0.4%+362.55%Add
15JPMJpmorgan Chase & Co+0.3%+504.21%Add
16VBVanguard Small-cap ETF+0.2%+688.33%Add
17VGSHVanguard Short-term Treasury+0.2%+1054.18%Add
18AVGOBroadcom INC+0.2%+770.45%Add
19YLDPrincipal Act Hi Yld ETF+0.2%+779.42%Add
20LLYEli Lilly & Co+0.2%+745.74%Add
21ORCLOracle CORP+0.1%+709.51%Add
22WMTWalmart INC+0.1%+415.04%Add
23HDHome Depot INC+0.1%+453.16%Add
24XOMExxon Mobil CORP+0.1%+259.62%Add
25KOCoca-cola Co/the+0.1%+367.24%Add
26JNJJohnson & Johnson+0.1%+312.36%Add
27AMZNAmazon.com INC0%+397.43%Add
28CATCaterpillar INC0%+280.73%Add
29VTVVanguard Value ETF—+325.51%Add
30METAMeta Platforms Inc-class A0%+379.66%Add
31GOOGAlphabet Inc-cl C-0.1%+313.44%Add
32GOOGLAlphabet Inc-cl A-0.3%+248.78%Add
33AVREAvantis Real Estate ETF-0.4%+214.11%Add
34MSFTMicrosoft CORP-0.5%+330.61%Add
35NVDANvidia CORP-0.5%+225.98%Add
36IVVIshares Core S&p 500 ETF-0.7%+159.83%Add
37SPYGSs Spdr P S&p 500 Growth ETF-0.9%+260.07%Add
38SPYSs Spdr S&p 500 ETF Trust-us-1.2%+104.95%Add
39SPYVSs Spdr P S&p 500 Value ETF-2.5%+166.73%Add
40VOOVanguard S&p 500 ETF-2.9%+83.60%Add
41NICNicolet Bankshares INC—EXITSold out
42ITOTIshares Core S&p Total U.s.—NEWNew buy
43VTEBVanguard Tax-exempt Bond ETF—NEWNew buy
44SCHVSchwab US Large-cap Value—NEWNew buy
45FBNDFidelity Total Bond ETF—NEWNew buy
46VONGVanguard Russell 1000 Growth—NEWNew buy
47SCHBSchwab US Broad Market ETF—NEWNew buy
48SPABSs Spdr P Agg Bond ETF—NEWNew buy
49VCLTVanguard Long-term CORP Bond—NEWNew buy
50FSCCFed Hermes Small Cap Core—NEWNew buy

FAQ

What is Nicolet Bankshares INC and what type of investor is it?
Nicolet Bankshares INC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $2.7B, spread across 832 disclosed positions.
What are Nicolet Bankshares INC's largest equity positions?
Based on the latest 13F filing, Nicolet Bankshares INC's top holdings by market value are: 1. Ste Str Spdr Pt S&p 500 ETF (SPYM) — $357.2M (13.2%) 2. Ss Spdr P S&p 500 Value ETF (SPYV) — $106.8M (3.9%) 3. Apple INC (AAPL) — $98.6M (3.6%) 4. Avantis Emerging Markets Eq (AVEM) — $86.4M (3.2%) 5. Ss Spdr P S&p 500 Growth ETF (SPYG) — $79.5M (2.9%)
What changes did Nicolet Bankshares INC make in its most recent portfolio filing?
In the latest reported quarter, Nicolet Bankshares INC made 50 notable position adjustments: 9 new positions were initiated, 40 existing holdings were added to, 0 positions were partially reduced, and 1 were completely exited. The largest of these moves: Sold out: Nicolet Bankshares INC (NIC); New buy: Ishares Core S&p Total U.s. (ITOT); New buy: Vanguard Tax-exempt Bond ETF (VTEB); New buy: Schwab US Large-cap Value (SCHV); New buy: Fidelity Total Bond ETF (FBND)
What sectors does Nicolet Bankshares INC focus on?
Nicolet Bankshares INC is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 28.5% • Financials: 15.1% • Industrials: 11.9% • Health Care: 10.0% • Consumer Staples: 8.4% • Communication Services: 8.3%