Nicholas Investment Partners, LP — 13F Holdings & Portfolio
CIK 1389574 · latest 13F-HR filed 2026-08-14
Nicholas Investment Partners, LP manages $1.78B in 13F-reported U.S. long-equity assets across 204 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are BWXT (2.99%), RVMD (2.58%), CALY (2.07%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 45 new positions and exited 46; 105 existing positions rose in reported value and 35 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
$1.78B
Long-equity book
Holdings
204
Distinct positions
Period
2026-06-30
Filed 2026-08-14
Q/Q Activity
+45 / −46 / ↑105 / ↓35
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26BWXT3.0% · +4%RVMD2.6% · -6%CALY2.1% · +74%MOD1.7% · +5%CRS1.5% · +4%LINC1.5% · +16%NVDA1.4% · +7%STRL1.4% · -39%AXSM1.4% · +22%GEV1.4% · -32%XENE1.3% · +60%BBIO1.3% · +4%LSCC1.3% · +4%KTB1.2% · newTSM1.2% · +9%SEAGATE HDD1.2% · -12%WTFC1.2% · +12%SITM1.2% · +3%TFII1.1% · +6%MIRM1.1% · +32%ELVN1.1% · +114%AVGO1.1% · 0%SPHR1.1% · +5%DNTH1.0% · +264%AMZN1.0% · +7%CYTK1.0% · +199%CCJ1.0% · +0%AEIS1.0% · +13%SKT1.0% · +5%RSI0.9% · +4%MPWR0.9% · +1%KLAC0.9% · +902%POWL0.9% · +216%OFRM0.9% · +272%RYTM0.9% · newFTAI0.9% · -10%ROIV0.8% · +51%XOM0.8% · 0%LTH0.8% · newPARR0.8% · -0%MTSI0.8% · -27%WDC0.8% · 0%SMTC0.8% · +17%BAPA0.8% · +12%NEE0.8% · 0%GS0.7% · 0%XPO0.7% · -0%HAPN0.7% · newGH0.7% · 0%MTSI0.7% · 0%SHOO0.7% · +52%PL0.7% · +5%ON0.7% · 0%ATRO0.7% · newONTO0.6% · +5%AGX0.6% · +26%GOOG0.6% · +8%SPG0.6% · 0%FLS0.6% · +227%LRCX0.6% · -1%
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 valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated 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 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 17.9%Cumulative share of the portfolio held in the largest N positions.
Firm Profile & Key People
As of the firm’s regulatory filing dated Jan 23, 2026.
Assets Under Management
$6.08B
Discretionary
$6.08B
Employees
16
Accounts
13
Address
411 E. WISCONSIN AVE.
STE 2100
MILWAUKEE, WI 53202-4467
STE 2100
MILWAUKEE, WI 53202-4467
Phone
(414) 272-4650
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| KLOEHN, JENNIFER, REBECCA Control | CHIEF FINANCIAL OFFICER, CHIEF COMPLIANCE OFFICER, EXECUTIVE VICE PRESIDENT, TREASURER since Jul 2004 | Less than 5% | Individual |
| LUBAR, DAVID, JOHN Control | DIRECTOR since Apr 2007 | Less than 5% | Individual |
| LUNDGREN, K., THOR Control | DIRECTOR since Jul 2006 | Less than 5% | Individual |
| NICHOLAS, DAVID, OWEN Control | CHIEF EXECUTIVE OFFICER, PRESIDENT, CHIEF INVESTMENT OFFICER, DIRECTOR, SHAREHOLDER since Aug 1986 | 50–75% | Individual |
| O'REILLY, CHRISTOPHER, E Control | CHIEF TECHNOLOGY OFFICER, EXECUTIVE VICE PRESIDENT since Oct 2005 | Less than 5% | Individual |
| PAVELEC, LAWRENCE, JOHN Control | CHIEF OPERATING OFFICER, EXECUTIVE VICE PRESIDENT, SECRETARY since Apr 2003 | Less than 5% | Individual |
| FASCIANO, SUSAN, NICHOLAS | SHAREHOLDER since Dec 2003 | 10–25% | Individual |
| NICHOLAS, LYNN, SHARON | SHAREHOLDER since Sep 1983 | 10–25% | Individual |
Ownership & leadership changes · 6 filings with changes since Jan 30, 2012
From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.
Jan 24, 2024 filing
- ChangedNICHOLAS, LYNN, SHARON · title SENIOR VICE PRESIDENT, SHAREHOLDER → SHAREHOLDER
Jan 28, 2022 filing
- No longer listedJOHNSON, DAVID, LINDEN · EXECUTIVE VICE PRESIDENT · Less than 5% · listed since Apr 1980
Jan 29, 2021 filing
- ChangedO'REILLY, CHRISTOPHER, E · title CHIEF TECHNOLOGY OFFICER → CHIEF TECHNOLOGY OFFICER, EXECUTIVE VICE PRESIDENT
Jan 26, 2018 filing
- ChangedKLOEHN, JENNIFER, REBECCA · title CHIEF FINANCIAL OFFICER, CHIEF COMPLIANCE OFFICER, SENIOR VICE PRESIDENT, TREASURER → CHIEF FINANCIAL OFFICER, CHIEF COMPLIANCE OFFICER, EXECUTIVE VICE PRESIDENT, TREASURER
- ChangedLUBAR, DAVID, JOHN · now a control person
- ChangedLUNDGREN, K., THOR · now a control person
- ChangedO'REILLY, CHRISTOPHER, E · now a control person
- ChangedPAVELEC, LAWRENCE, JOHN · title CHIEF OPERATING OFFICER, SENIOR VICE PRESIDENT, SECRETARY → CHIEF OPERATING OFFICER, EXECUTIVE VICE PRESIDENT, SECRETARY
May 19, 2017 filing
- No longer listedALBERT AND NANCY NICHOLAS LIVING TRUST · SHAREHOLDER · 75% or more · control person · listed since Aug 2016
- ChangedFASCIANO, SUSAN, NICHOLAS · ownership Less than 5% → 10–25%
- ChangedNICHOLAS, DAVID, OWEN · ownership Less than 5% → 50–75%
- ChangedNICHOLAS, LYNN, SHARON · ownership Less than 5% → 10–25%
Jan 27, 2017 filing
- No longer listedMAY, JEFFREY, THOMAS · EXECUTIVE VICE PRESIDENT, TREASURER, CHIEF COMPLIANCE OFFICER, CHIEF FINANCIAL OFFICER · Less than 5% · listed since Jul 1987
- No longer listedNICHOLAS, ALBERT, OWEN · CHIEF EXECUTIVE OFFICER, DIRECTOR, SHAREHOLDER · 75% or more · control person · listed since Dec 1967
- AddedALBERT AND NANCY NICHOLAS LIVING TRUST · SHAREHOLDER · 75% or more · control person
- ChangedKLOEHN, JENNIFER, REBECCA · title ASSISTANT VICE PRESIDENT → CHIEF FINANCIAL OFFICER, CHIEF COMPLIANCE OFFICER, SENIOR VICE PRESIDENT, TREASURER; now a control person
- ChangedNICHOLAS, DAVID, OWEN · title CHIEF INVESTMENT OFFICER, DIRECTOR, SHAREHOLDER → CHIEF EXECUTIVE OFFICER, PRESIDENT, CHIEF INVESTMENT OFFICER, DIRECTOR, SHAREHOLDER; now a control person
- ChangedO'REILLY, CHRISTOPHER, E · title ASSISTANT VICE PRESIDENT → CHIEF TECHNOLOGY OFFICER
- ChangedPAVELEC, LAWRENCE, JOHN · title SENIOR VICE PRESIDENT → CHIEF OPERATING OFFICER, SENIOR VICE PRESIDENT, SECRETARY; now a control person
Jan 30, 2012 filing (earliest on record)
- ListedFASCIANO, SUSAN, NICHOLAS · SHAREHOLDER · Less than 5%
- ListedJOHNSON, DAVID, LINDEN · EXECUTIVE VICE PRESIDENT · Less than 5%
- ListedKLOEHN, JENNIFER, REBECCA · ASSISTANT VICE PRESIDENT · Less than 5%
- ListedLUBAR, DAVID, JOHN · DIRECTOR · Less than 5%
- ListedLUNDGREN, K., THOR · DIRECTOR · Less than 5%
- ListedMAY, JEFFREY, THOMAS · EXECUTIVE VICE PRESIDENT, TREASURER, CHIEF COMPLIANCE OFFICER, CHIEF FINANCIAL OFFICER · Less than 5%
- ListedNICHOLAS, ALBERT, OWEN · CHIEF EXECUTIVE OFFICER, DIRECTOR, SHAREHOLDER · 75% or more · control person
- ListedNICHOLAS, DAVID, OWEN · CHIEF INVESTMENT OFFICER, DIRECTOR, SHAREHOLDER · Less than 5%
- ListedNICHOLAS, LYNN, SHARON · SENIOR VICE PRESIDENT, SHAREHOLDER · Less than 5%
- ListedO'REILLY, CHRISTOPHER, E · ASSISTANT VICE PRESIDENT · Less than 5%
- ListedPAVELEC, LAWRENCE, JOHN · SENIOR VICE PRESIDENT · Less than 5%
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- CALLAWAY GOLF CO$21.1M +135.0%
- REVOLUTION MEDICINES INC$20.4M +80.4%
- DIANTHUS THERAPEUTICS INC$13.9M +323.3%
- CYTOKINETICS INC$13.2M +286.9%
- ENLIVEN THERAPEUTICS INC$12.7M +177.4%
Top Trims
- INSMED INC-$27.1M -90.9%
- NUVALENT INC-$15.4M -94.2%
- BLOOM ENERGY CORP-$14.9M -98.6%
- ROCKET LAB CORP-$9.7M -87.7%
- CENTURY ALUM CO-$8.1M -46.9%
New Positions
- KONTOOR BRANDS INC$21.8M
- RHYTHM PHARMACEUTICALS INC$15.5M
- LIFE TIME GROUP HOLDINGS INC$14.2M
- ASTRONICS CORP$11.7M
- YETI HLDGS INC$10.5M
Exited Positions
- KRATOS DEFENSE & SEC SOLUTIO$27.6M
- EMBRAER S.A.$25.4M
- APOGEE THERAPEUTICS INC$11.0M
- ABIVAX SA$10.0M
- ASCENDIS PHARMA A/S$8.9M
Nicholas Investment Partners, LP 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 | BWX TECHNOLOGIES INC | BWXT | 05605H100 | $53.0M | 2.99% | 272,395 | SH |
| 2 | REVOLUTION MEDICINES INC | RVMD | 76155X100 | $45.8M | 2.58% | 244,594 | SH |
| 3 | CALLAWAY GOLF CO | CALY | 131193104 | $36.7M | 2.07% | 1,954,378 | SH |
| 4 | MODINE MFG CO | MOD | 607828100 | $29.7M | 1.67% | 111,261 | SH |
| 5 | CARPENTER TECHNOLOGY CORP | CRS | 144285103 | $26.9M | 1.52% | 43,653 | SH |
| 6 | LINCOLN EDL SVCS CORP | LINC | 533535100 | $26.5M | 1.49% | 531,935 | SH |
| 7 | NVIDIA CORPORATION | NVDA | 67066G104 | $25.3M | 1.43% | 126,682 | SH |
| 8 | STERLING INFRASTRUCTURE INC | STRL | 859241101 | $25.3M | 1.42% | 30,120 | SH |
| 9 | AXSOME THERAPEUTICS INC. | AXSM | 05464T104 | $24.2M | 1.36% | 98,974 | SH |
| 10 | GE VERNOVA INC | GEV | 36828A101 | $24.1M | 1.36% | 20,532 | SH |
| 11 | XENON PHARMACEUTICALS INC | XENE | 98420N105 | $23.9M | 1.35% | 395,844 | SH |
| 12 | BRIDGEBIO PHARMA INC | BBIO | 10806X102 | $23.2M | 1.31% | 311,494 | SH |
| 13 | LATTICE SEMICONDUCTOR CORP | LSCC | 518415104 | $22.4M | 1.26% | 146,318 | SH |
| 14 | KONTOOR BRANDS INC | KTB | 50050N103 | $21.8M | 1.23% | 261,117 | SH |
| 15 | TAIWAN SEMICONDUCTOR MANUFAC | TSM | 874039100 | $21.5M | 1.21% | 44,929 | SH |
| 16 | SEAGATE HDD CAYMAN | — | 81180WBL4 | $21.2M | 1.20% | 1,820,000 | PRN |
| 17 | WINTRUST FINL CORP | WTFC | 97650W108 | $20.9M | 1.18% | 130,326 | SH |
| 18 | SITIME CORP | SITM | 82982T106 | $20.5M | 1.16% | 27,562 | SH |
| 19 | TFI INTERNATIONAL INC | TFII | 87241L109 | $20.3M | 1.14% | 141,226 | SH |
| 20 | MIRUM PHARMACEUTICALS INC | MIRM | 604749101 | $20.2M | 1.14% | 172,695 | SH |
| 21 | ENLIVEN THERAPEUTICS INC | ELVN | 29337E102 | $19.9M | 1.12% | 391,529 | SH |
| 22 | BROADCOM INC | AVGO | 11135F101 | $19.8M | 1.11% | 52,405 | SH |
| 23 | SPHERE ENTERTAINMENT CO | SPHR | 55826T102 | $19.8M | 1.11% | 114,396 | SH |
| 24 | DIANTHUS THERAPEUTICS INC | DNTH | 252828108 | $18.2M | 1.03% | 186,769 | SH |
| 25 | AMAZON COM INC | AMZN | 023135106 | $17.9M | 1.01% | 75,046 | SH |
| 26 | CYTOKINETICS INC | CYTK | 23282W605 | $17.8M | 1.00% | 209,071 | SH |
| 27 | CAMECO CORP | CCJ | 13321L108 | $17.7M | 1.00% | 173,899 | SH |
| 28 | ADVANCED ENERGY INDS | AEIS | 007973100 | $17.0M | 0.96% | 45,677 | SH |
| 29 | TANGER INC | SKT | 875465106 | $17.0M | 0.96% | 430,134 | SH |
| 30 | RUSH STREET INTERACTIVE INC | RSI | 782011100 | $16.8M | 0.95% | 564,544 | SH |
| 31 | MONOLITHIC PWR SYS INC | MPWR | 609839105 | $16.8M | 0.94% | 12,129 | SH |
| 32 | KLA CORP | KLAC | 482480100 | $16.7M | 0.94% | 55,492 | SH |
| 33 | POWELL INDS INC | POWL | 739128106 | $16.7M | 0.94% | 58,444 | SH |
| 34 | ONCE UPON A FARM PBC | OFRM | 68237F108 | $16.1M | 0.90% | 784,166 | SH |
| 35 | RHYTHM PHARMACEUTICALS INC | RYTM | 76243J105 | $15.5M | 0.87% | 139,270 | SH |
| 36 | FTAI AVIATION LTD | FTAI | G3730V105 | $15.2M | 0.86% | 56,344 | SH |
| 37 | ROIVANT SCIENCES LTD | ROIV | G76279101 | $14.8M | 0.84% | 419,280 | SH |
| 38 | EXXON MOBIL CORP | XOM | 30231G102 | $14.4M | 0.81% | 105,500 | SH |
| 39 | LIFE TIME GROUP HOLDINGS INC | LTH | 53190C102 | $14.2M | 0.80% | 348,728 | SH |
| 40 | PAR PAC HOLDINGS INC | PARR | 69888T207 | $14.1M | 0.79% | 250,545 | SH |
| 41 | MACOM TECH SOLUTIONS HLDGS I | MTSI | 55405Y100 | $13.7M | 0.77% | 36,127 | SH |
| 42 | WESTERN DIGITAL CORP | WDC | 958102AT2 | $13.7M | 0.77% | 815,000 | PRN |
| 43 | SEMTECH CORP | SMTC | 816850101 | $13.7M | 0.77% | 84,478 | SH |
| 44 | BOEING CO | BAPA | 097023204 | $13.6M | 0.77% | 200,750 | PRN |
| 45 | NEXTERA ENERGY CAP HLDGS INC | NEEXU | 65339KCY4 | $13.5M | 0.76% | 10,245,000 | PRN |
| 46 | GOLDMAN SACHS GROUP INC | GS | 38141G104 | $13.1M | 0.74% | 13,000 | SH |
| 47 | XPO INC | XPO | 983793100 | $13.1M | 0.74% | 63,583 | SH |
| 48 | HAPPEN INC | HAPN | 52603A208 | $12.9M | 0.73% | 624,366 | SH |
| 49 | GUARDANT HEALTH INC | GH | 40131MAD1 | $12.4M | 0.70% | 4,955,000 | PRN |
| 50 | MACOM TECH SOLUTIONS HLDGS I | MTSI | 55405YAD2 | $12.4M | 0.70% | 5,400,000 | PRN |
Filing History
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | $1.78B | 204 | 0001389574-26-000005 |
| 2026-03-31 | 2026-05-15 | $1.39B | 205 | 0001389574-26-000002 |
| 2025-12-31 | 2026-02-13 | $1.37B | 205 | 0001389574-26-000001 |
| 2025-09-30 | 2025-11-14 | $1.31B | 211 | 0001389574-25-000002 |
Filer Information
Address
6451 EL SICOMORO STREETRANCHO SANTA FE, CA 92067
Phone
(858) 759-4545
Filing Manager
Nicholas Investment Partners, LP
RANCHO SANTA FE, CA
Signatory
Catherine Newcomb
Chief Compliance Officer