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Nichols Asset Management LLC

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%.

Personality snowflake

Concentration
15.56
Portfolio Stability
9.93
Momentum/Contrarian
100
Sector conviction
65.27
Diversification
100
Sizing Uniformity
87.7

Recent moves

  • Trim 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

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1PFFIshares Preferred & Income SETF-Other10.68%-0.12%—
2QNDXState Street SPDR Portfolio Nasdaq 100 ETFETF-Tech10.53%+0.43%—
3SPYSs Spdr S&p 500 ETF Trust-usETF-Large Cap & Growth5.22%+0.41%—
4✓ Spdr Djia ETF TrustETF-Other4.93%+0.59%—
5✓ Stock-Other4.57%-0.66%-16.65%
6DVYIshares Select Dividend ETFETF-Other3.23%+0.26%—
7MRSHMarsh & Mclennan CosStock-Financials3.13%——
8IGSBIshares 1-5y Inv Grade CORPETF-Other2.69%——
9INTCIntel CORPStock-Tech1.98%+0.02%—
10MMM3m CoStock-Industrials1.98%——
11JNJJohnson & JohnsonStock-Healthcare1.90%—+0.96%
12CNCCentene CORPStock-Healthcare1.87%-0.24%—
13MCDMcdonald's CORPStock-Consumer Disc1.81%+0.18%—
14BDXBecton Dickinson And CoStock-Healthcare1.60%-0.05%—
15AEPAmerican Electric Power Company, Inc.Stock-Utilities1.58%+0.17%—
16UTXZUnited Tech CORPStock-Other1.52%+0.18%—
17NVSNovartis AGStock-Healthcare1.47%-0.05%—
18PEPPepsico INCStock-Consumer Staples1.41%+0.01%—
19NSRGYNestle Sa-spons AdrStock-Other1.39%-0.07%—
20GISGeneral Mills INCStock-Consumer Staples1.24%——
21ROPRoper Technologies INCStock-Tech1.23%——
22ABBVAbbvie INCStock-Healthcare1.20%——
23TJXTjx Companies INCStock-Consumer Disc1.19%——
24SFStifel Financial CORPStock-Financials1.15%+0.31%—
25TMOThermo Fisher Scientific INCStock-Healthcare1.15%-0.08%—
26IWMIshares Russell 2000 ETFETF-Small Cap1.11%+0.13%—
27PUKPrudential Plc-adrStock-Other1.08%+0.16%—
28UNPUnion Pacific CORPStock-Industrials1.07%+0.11%—
29BASFYBasf Se-spon AdrStock-Other1.06%+0.13%—
30WPPWpp Plc-sponsored AdrStock-Other1.04%-0.01%—
31ESEversource EnergyStock-Utilities1.03%——
32BIIBBiogen INCStock-Healthcare1.03%-0.05%—
33MSFTMicrosoft CORPStock-Tech1.02%+0.12%—
34SYYSysco CORPStock-Consumer Staples1.01%+0.16%—
35WMTWalmart INCStock-Consumer Staples0.99%——
36KMBKimberly-clark CORPStock-Consumer Staples0.98%-0.06%—
37AMTAmerican Tower CORPStock-Real Estate0.93%-0.02%—
38AMZNAmazon.com INCStock-Consumer Disc0.88%-0.06%—
39SYTUSDSyngenta Ag-adrStock-Other0.88%-0.04%—
40AMGNAmgen INCStock-Healthcare0.82%-0.07%—
41✓ Fuji Heavy Indus-unspons AdrStock-Other0.80%+0.10%+300.00%
42✓ FdxStock-Other0.77%+0.08%—
43ABTAbbott LaboratoriesStock-Healthcare0.76%-0.03%—
44NEENextera Energy INCStock-Utilities0.75%——
45TSMTaiwan Semiconductor-sp AdrStock-Tech0.69%-0.01%—
46VVisa Inc-class A SharesStock-Financials0.69%-0.31%-30.86%
47CSCOCisco Systems, Inc.Stock-Tech0.65%——
48NGGNational Grid plcStock-Utilities0.65%-0.11%—
49CVSCvs Health CORPStock-Healthcare0.65%-0.44%-36.50%
50CVXChevron CORPStock-Energy0.64%+0.11%—
1–50 of 64

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).

Position changes disclosed by Nichols Asset Management LLC for the quarter ending 2016-12-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1✓ Spdr Djia ETF Trust+0.6%—Unchanged
2QNDXState Street SPDR Portfolio Nasdaq 100 ETF+0.4%—Unchanged
3SPYSs Spdr S&p 500 ETF Trust-us+0.4%—Unchanged
4SFStifel Financial CORP+0.3%—Unchanged
5DVYIshares Select Dividend ETF+0.3%—Unchanged
6UTXZUnited Tech CORP+0.2%—Unchanged
7MCDMcdonald's CORP+0.2%—Unchanged
8AEPAmerican Electric Power Company, Inc.+0.2%—Unchanged
9SYYSysco CORP+0.2%—Unchanged
10PUKPrudential Plc-adr+0.2%—Unchanged
11IWMIshares Russell 2000 ETF+0.1%—Unchanged
12BASFYBasf Se-spon Adr+0.1%—Unchanged
13MSFTMicrosoft CORP+0.1%—Unchanged
14CVXChevron CORP+0.1%—Unchanged
15UNPUnion Pacific CORP+0.1%—Unchanged
16✓ Fuji Heavy Indus-unspons Adr+0.1%+300.00%Add
17ADPAutomatic Data Processing+0.1%—Unchanged
18✓ Fdx+0.1%—Unchanged
19INTCIntel CORP0%—Unchanged
20PEPPepsico INC0%—Unchanged
21WPPWpp Plc-sponsored Adr0%—Unchanged
22TSMTaiwan Semiconductor-sp Adr0%—Unchanged
23AMTAmerican Tower CORP0%—Unchanged
24GILDGilead Sciences INC0%—Unchanged
25ABTAbbott Laboratories0%—Unchanged
26SYTUSDSyngenta Ag-adr0%—Unchanged
27HENOYHenkel Kgaa-spons Adr Pfd0%—Unchanged
28BDXBecton Dickinson And Co-0.1%—Unchanged
29NVSNovartis AG-0.1%—Unchanged
30BIIBBiogen INC-0.1%—Unchanged
31✓ Power Assets ADR-0.1%—Unchanged
32KMBKimberly-clark CORP-0.1%—Unchanged
33AMZNAmazon.com INC-0.1%—Unchanged
34NSRGYNestle Sa-spons Adr-0.1%—Unchanged
35AMGNAmgen INC-0.1%—Unchanged
36TMOThermo Fisher Scientific INC-0.1%—Unchanged
37NGGNational Grid plc-0.1%—Unchanged
38PFFIshares Preferred & Income S-0.1%—Unchanged
39CNCCentene CORP-0.2%—Unchanged
40CLColgate-palmolive Co-0.3%-28.57%Trim
41VVisa Inc-class A Shares-0.3%-30.86%Trim
42CVSCvs Health CORP-0.4%-36.50%Trim
43✓ -0.7%-16.65%Trim
44TEVATeva Pharmaceutical-sp Adr—EXITSold out
45NKENike INC -cl B—EXITSold out
46JNJJohnson & Johnson—EXITSold out
47COSTCostco Wholesale CORP—NEWNew buy
48SJMJm Smucker Co/the—EXITSold out
49✓ Senomyx INC—EXITSold out
50JASNQJason Industries INC—EXITSold out

FAQ

What is Nichols Asset Management LLC and what type of investor is it?
Nichols Asset Management LLC 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 (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. — $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%