Nicolet Bankshares Inc (NIC) — Who Owns This Stock? 13F Breakdown (Q2 2026)

NIC ranks #2446 out of 37696 tracked stocks by institutional interest — one of the most closely watched names in our coverage.

NIC is a top-conviction position for FJ Capital Management LLC — at 6.0% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.

The largest dollar stake in NIC belongs to BlackRock, Inc., but the position matters far more to FJ Capital Management LLC, who has 6.0% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.

Wealth Enhancement Advisory Services, LLC has added to its NIC position for two straight quarters, increasing it by $2.5M to reach $5.6M today.

NIC is down 0.4% today, but institutions show net buying of $968.3M this quarter — a divergence between today's price move and the underlying institutional flow.

NIC closed its latest fiscal year with net income of $150.7M, and currently trades at a P/E of 16.7.

• Profitable — net income of $150.7M in the latest fiscal year
• Revenue grew 8.0% year over year
• Net income improved year over year, from $124.1M to $150.7M
• Generated $153.5M in positive operating cash flow
• Liabilities run 6.30x equity — a highly leveraged balance sheet worth noting