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NICOLET BANKSHARES INC — 13F Holdings & Portfolio

CIK 1174850 · latest 13F-HR filed 2026-08-11

Backtest portfolio

NICOLET BANKSHARES INC manages $3.15B in 13F-reported U.S. long-equity assets across 916 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are SPYM (11.49%), SPYM (2.53%), SPYV (2.42%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 85 new positions and exited 35; 294 existing positions rose in reported value and 138 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$3.15B

Long-equity book

Holdings
916

Distinct positions

Period
2026-06-30

Filed 2026-08-11

Q/Q Activity
+85 / −35 / ↑294 / ↓138

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
SPYM14.0% · +8%AAPL3.7% · +0%SPYV3.7% · -0%AVEM3.2% · -1%SPYG3.0% · -1%VEA2.7% · +14%VOO1.8% · -8%ITOT1.7% · +3%VO1.7% · +368%FBND1.5% · +54%MSFT1.4% · -1%NVDA1.3% · +7%VTEB1.3% · -2%SCHV1.2% · -6%MUB1.2% · +2%JPM1.2% · -2%BRK.B1.2% · +1%VONG1.1% · -1%AMZN1.1% · +1%UITB1.0% · +38%SPY1.0% · -0%GOOGL0.9% · -2%IVV0.9% · -3%AVRE0.9% · +4%GOOG0.9% · +1%IEFA0.9% · +0%PG0.8% · +2%BND0.7% · +7%MU0.7% · -8%VONE0.7% · +4%SCHB0.6% · -7%WEC0.6% · -0%VTV0.6% · +3%IVW0.6% · +0%CAT0.5% · -0%VB0.5% · +9%SPAB0.5% · +1%META0.5% · -7%AVGO0.5% · +2%FSCC0.5% · +27%LLY0.5% · +20%AGG0.5% · -2%VCLT0.5% · -2%VCSH0.5% · -1%AMLP0.5% · -1%ORCL0.4% · +5%AMD0.4% · -90%HD0.4% · -3%KO0.4% · -0%JNJ0.4% · +3%XOM0.4% · +0%VUG0.4% · +495%CSCO0.4% · -3%WMT0.4% · -0%AMJB0.4% · -2%ABBV0.3% · -0%JHHY0.3% · newVTI0.3% · +3%COST0.3% · -4%SUB0.3% · +22%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 37.2%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

Name Title / Status Ownership Type

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

NICOLET BANKSHARES INC Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 SPDR SERIES TRUST SPYM 78464A854 $361.4M 11.49% 4,087,401 SH
2 STATE STREET SPDR SPYM 78464A854 $79.6M 2.53% 905,998 SH
3 SPDR SERIES TRUST SPYV 78464A508 $76.0M 2.42% 1,228,911 SH
4 AMERICAN CENTY ETF TR AVEM 025072604 $72.3M 2.30% 759,016 SH
5 SPDR SERIES TRUST SPYG 78464A409 $68.1M 2.17% 573,820 SH
6 VANGUARD TAX-MANAGED FDS VEA 921943858 $67.2M 2.14% 934,146 SH
7 APPLE INC AAPL 037833100 $63.4M 2.01% 202,640 SH
8 ISHARES TR ITOT 464287150 $54.7M 1.74% 331,608 SH
9 APPLE INC AAPL 037833100 $51.4M 1.63% 177,571 SH
10 FIDELITY MERRIMACK STR TR FBND 316188309 $45.9M 1.46% 1,009,158 SH
11 VANGUARD INDEX FDS VO 922908629 $43.1M 1.37% 532,545 SH
12 SPDR SER TR SPYV 78464A508 $39.8M 1.27% 655,307 SH
13 SCHWAB STRATEGIC TR SCHV 808524409 $39.2M 1.25% 1,126,459 SH
14 VANGUARD MUN BD FDS VTEB 922907746 $38.9M 1.24% 769,782 SH
15 VANGUARD INDEX FDS VOO 922908363 $36.5M 1.16% 53,092 SH
16 VANGUARD SCOTTSDALE FDS VONG 92206C680 $33.1M 1.05% 259,041 SH
17 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $29.6M 0.94% 58,500 SH
18 AMERICAN CENTY ETF TR AVEM 025072604 $28.9M 0.92% 299,349 SH
19 VICTORY PORTFOLIOS II UITB 92647N527 $28.6M 0.91% 611,420 SH
20 ISHARES TR MUB 464288414 $27.7M 0.88% 257,206 SH
21 SPDR SER TR SPYG 78464A409 $26.3M 0.84% 221,169 SH
22 ISHARES TR IEFA 46432F842 $25.2M 0.80% 260,833 SH
23 NVIDIA CORPORATION NVDA 67066G104 $23.0M 0.73% 117,692 SH
24 JPMORGAN CHASE & CO JPM 46625H100 $22.1M 0.70% 65,533 SH
25 MICROSOFT CORP MSFT 594918104 $21.7M 0.69% 58,106 SH
26 VANGUARD BD INDEX FDS BND 921937835 $21.2M 0.68% 290,530 SH
27 VANGUARD INDEX FDS VOO 922908363 $20.6M 0.66% 29,871 SH
28 MICROSOFT CORP MSFT 594918104 $20.1M 0.64% 52,014 SH
29 AMERICAN CENTY ETF TR AVRE 025072356 $19.8M 0.63% 414,132 SH
30 STATE STREET SPDR S&P 500 ETF TR SPY 78462F103 $18.9M 0.60% 25,300 SH
31 SCHWAB STRATEGIC TR SCHB 808524102 $18.8M 0.60% 650,210 SH
32 PROCTER & GAMBLE CO PG 742718109 $18.5M 0.59% 124,092 SH
33 VANGUARD TAX-MANAGED FDS VEA 921943858 $18.2M 0.58% 254,780 SH
34 NVIDIA CORPORATION NVDA 67066G104 $18.1M 0.58% 90,403 SH
35 ALPHABET INC GOOGL 02079K305 $17.2M 0.55% 46,819 SH
36 AMAZON COM INC AMZN 023135106 $16.6M 0.53% 68,030 SH
37 WEC ENERGY GROUP INC WEC 92939U106 $16.5M 0.52% 141,283 SH
38 ISHARES TR IVV 464287200 $16.2M 0.52% 21,695 SH
39 VANGUARD SCOTTSDALE FDS VONE 92206C730 $16.2M 0.51% 47,740 SH
40 AMAZON COM INC AMZN 023135106 $16.1M 0.51% 67,683 SH
41 STATE STREET SPDE SPAB 78464A649 $15.7M 0.50% 614,782 SH
42 ALPHABET INC GOOG 02079K107 $15.3M 0.49% 43,256 SH
43 VANGUARD SCOTTSDALE FDS VCLT 92206C813 $15.2M 0.48% 202,549 SH
44 ISHARES TR AGG 464287226 $15.2M 0.48% 153,668 SH
45 ISHARES TR IVW 464287309 $14.5M 0.46% 105,684 SH
46 VANGUARD SCOTTSDALE FDS VCSH 92206C409 $14.3M 0.45% 181,022 SH
47 VANGUARD INDEX FDS VTV 922908744 $14.2M 0.45% 64,525 SH
48 JPMORGAN CHASE & CO JPM 46625H100 $14.0M 0.44% 42,618 SH
49 ISHARES TR IVV 464287200 $12.7M 0.40% 16,814 SH
50 ALPHABET INC GOOGL 02079K305 $12.5M 0.40% 35,031 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-11 $3.15B 916 0001174850-26-000167
2026-03-31 2026-05-14 $2.71B 832 0001174850-26-000116
2025-12-31 2026-02-09 $624.0M 231 0001174850-26-000041
2025-09-30 2025-11-13 $622.3M 223 0001174850-25-000085
Filer Information
Address
111 N WASHINGTON ST
GREEN BAY, WI 54301
Phone
(920) 430-1400
Filing Manager
NICOLET BANKSHARES INC
GREEN BAY, WI
Signatory
H. PHILLIP MOORE, JR.
CFO