Nicholas Company, Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 4, 2026), Nicholas Company, Inc. reported 205 stock positions worth $5.7 billion. Its top holding was Alphabet Class C (GOOG) at 4.4% of the portfolio, followed by Nvidia (NVDA, 3.8%) and Microsoft (MSFT, 3.7%). Compared with Q3 2025, it opened 5 new positions, sold out of 16, added to 73 and reduced 77. The biggest buy was a new position in Eaton (ETN) and the biggest sale an exit from Fiserv (FISV).
- Most Recent 13F
- Q2 2026
- Location
- MILWAUKEE, WI
- CIK
- 0000903949
- Portfolio Value
- $5.7B (Q4 2025)
- SEC Filing
- 0000903949-26-000002 ↗ filed Feb 4, 2026
Holdings Value
Holdings 205 stocks · $5.7B
| GOOG Alphabet Inc. Class C | 4.38% | 797,510 | $250.3M | Reduce -13.5% |
| NVDA Nvidia Corp. | 3.78% | 1,158,250 | $216.0M | No change |
| MSFT Microsoft Corp. | 3.75% | 442,427 | $214.0M | No change |
| AMZN Amazon.com Inc. | 3.53% | 873,554 | $201.6M | No change |
| AAPL Apple Inc. | 3.01% | 631,495 | $171.7M | Add +7.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.77% | 656,830 | $100.9M | Reduce -11.5% |
| AZN Astrazeneca PLC-Spons ADR | 1.75% | 1,083,854 | $99.6M | Reduce -3.9% |
| TMO Thermo Fisher Scientific Inc. | 1.62% | 159,968 | $92.7M | No change |
| ORLY O'reilly Automotive Inc. | 1.53% | 960,870 | $87.6M | Reduce -2.1% |
| SPGI S&P Global Inc. | 1.52% | 165,540 | $86.5M | No change |
| LLY Eli Lilly & Co. | 1.46% | 77,329 | $83.1M | Reduce -21.5% |
| HD Home Depot Inc. | 1.44% | 239,708 | $82.5M | Reduce -0.0% |
| JPM JPMorgan Chase & Co. | 1.40% | 248,590 | $80.1M | No change |
| META Meta Platforms Inc. Class A | 1.38% | 119,410 | $78.8M | Add +19.4% |
| WCN Waste Connections Inc. | 1.38% | 449,112 | $78.8M | Add +32.4% |
| COST Costco Wholesale Corp. | 1.33% | 88,276 | $76.1M | No change |
| KO The Coca-Cola Co. | 1.33% | 1,085,610 | $75.9M | Add +47.3% |
| VMC Vulcan Materials Co. | 1.31% | 262,305 | $74.8M | Reduce -5.0% |
| SNY Sanofi-ADR | 1.27% | 1,500,255 | $72.7M | Reduce -0.0% |
| CRM Salesforce Inc. | 1.26% | 271,530 | $71.9M | No change |
| ICE Intercontinental Exchange Inc. | 1.24% | 437,155 | $70.8M | Add +10.1% |
| MA Mastercard Inc. Class A | 1.21% | 120,850 | $69.0M | Reduce -0.0% |
| V Visa Inc. Class A | 1.20% | 196,055 | $68.8M | No change |
| SHW The Sherwin-Williams Co. | 1.15% | 203,220 | $65.8M | No change |
| NOW ServiceNow Inc. | 1.14% | 426,015 | $65.3M | Add +26.5% |
| AON Aon PLC Class A | 1.12% | 181,402 | $64.0M | Reduce -0.0% |
| AMD Advanced Micro Devices | 1.12% | 297,845 | $63.8M | Reduce -33.6% |
| SNPS Synopsys Inc. | 1.11% | 135,317 | $63.6M | Add +6.8% |
| SBUX Starbucks Corp. | 1.08% | 733,950 | $61.8M | Add +11.8% |
| ADBE Adobe Inc. | 1.07% | 174,626 | $61.1M | Add +7.6% |
| MCD McDonald's Corp. | 1.07% | 199,475 | $61.0M | Add +11.5% |
| WDAY Workday Inc. Class A | 1.06% | 282,015 | $60.6M | Reduce -0.0% |
| BSX Boston Scientific Corp. | 1.05% | 627,158 | $59.8M | No change |
| ZS Zscaler Inc. | 1.03% | 262,697 | $59.1M | Reduce -0.0% |
| SYK Stryker Corp. | 1.01% | 164,677 | $57.9M | No change |
| TXN Texas Instruments Inc. | 1.01% | 332,129 | $57.6M | Add +3.4% |
| NFLX Netflix Inc. | 1.00% | 606,275 | $56.8M | Add +30.3% |
| FAST Fastenal Co. | 0.99% | 1,401,810 | $56.3M | Reduce -3.4% |
| LRCX Lam Research Corp. | 0.96% | 321,092 | $55.0M | Reduce -27.4% |
| ALC Alcon Inc. filed as ALCON AG | 0.95% | 688,610 | $54.3M | Add +4.3% |
| KLAC KLA Corp. | 0.95% | 44,490 | $54.1M | Reduce -13.0% |
| SNOW Snowflake Inc. | 0.94% | 245,189 | $53.8M | Reduce -22.1% |
| JCI Johnson Controls Internation | 0.88% | 421,735 | $50.5M | Add +41.7% |
| ETN Eaton Corp. PLC | 0.87% | 156,225 | $49.8M | New |
| TEAM Atlassian Corp. Class A | 0.87% | 306,819 | $49.7M | Add +8.7% |
| FTV Fortive Corp. | 0.86% | 894,425 | $49.4M | Reduce -0.0% |
| CTAS Cintas Corp. | 0.86% | 260,491 | $49.0M | Reduce -0.0% |
| CARR Carrier Global Corp. | 0.85% | 922,625 | $48.8M | No change |
| ITW Illinois Tool Works | 0.76% | 175,415 | $43.2M | No change |
| CDNS Cadence Design SYS Inc. | 0.75% | 136,146 | $42.6M | No change |
| PANW Palo Alto Networks Inc. | 0.72% | 223,650 | $41.2M | No change |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.68% | 1,016,743 | $38.6M | Add +14.3% |
| ROP Roper Technologies Inc. | 0.63% | 80,375 | $35.8M | No change |
| GMED Globus Medical Inc. Class A | 0.47% | 307,721 | $26.9M | Reduce -14.5% |
| LSCC Lattice Semiconductor Corp. | 0.46% | 359,503 | $26.5M | Reduce -7.1% |
| AOS Smith (a.o.) Corp. | 0.46% | 390,718 | $26.1M | Reduce -0.0% |
| MCHP Microchip Technology Inc. | 0.45% | 403,707 | $25.7M | Add +1.9% |
| RJF Raymond James Financial Inc. | 0.44% | 154,765 | $24.9M | Reduce -0.0% |
| IEX Idex Corp. | 0.41% | 132,533 | $23.6M | Reduce -0.0% |
| CBRE CBRE Group Inc. Class A | 0.41% | 146,345 | $23.5M | Reduce -4.0% |
| TECH Bio-Techne Corp. | 0.40% | 390,794 | $23.0M | Add +6.5% |
| NDSN Nordson Corp. | 0.40% | 94,125 | $22.6M | Add +0.0% |
| TDY Teledyne Technologies Inc. | 0.40% | 44,204 | $22.6M | Reduce -0.0% |
| AME Ametek Inc. | 0.39% | 109,288 | $22.4M | Reduce -4.5% |
| ULTA Ulta Beauty Inc. | 0.38% | 36,275 | $21.9M | Reduce -2.5% |
| PCTY Paylocity Holding Corp. | 0.38% | 143,528 | $21.9M | Reduce -0.0% |
| TRU Transunion | 0.38% | 255,088 | $21.9M | Reduce -0.0% |
| RBA RB Global Inc. | 0.38% | 210,888 | $21.7M | Reduce -0.0% |
| CPAY Corpay Inc. | 0.37% | 70,925 | $21.3M | Reduce -0.0% |
| MTD Mettler-Toledo International | 0.37% | 15,149 | $21.1M | Add +0.1% |
| STE Steris PLC | 0.35% | 77,975 | $19.8M | Add +5.8% |
| PTC PTC Inc. | 0.34% | 112,099 | $19.5M | Reduce -6.9% |
| DT Dynatrace Inc. | 0.34% | 443,613 | $19.2M | Reduce -0.0% |
| LHX L3HARRIS Technologies Inc. | 0.32% | 61,905 | $18.2M | Reduce -5.2% |
| IQV Iqvia Holdings Inc. | 0.32% | 80,386 | $18.1M | Add +6.2% |
| VRSK Verisk Analytics Inc. | 0.31% | 79,305 | $17.7M | Add +6.6% |
| MDB Mongodb Inc. | 0.31% | 41,925 | $17.6M | Reduce -0.0% |
| WING Wingstop Inc. | 0.31% | 73,537 | $17.5M | Add +0.0% |
| BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC | 0.30% | 192,994 | $17.4M | Reduce -5.3% |
| BR Broadridge Financial Solutio | 0.30% | 76,434 | $17.1M | Reduce -6.2% |
| ATR Aptargroup Inc. | 0.30% | 139,825 | $17.1M | Reduce 0.0% |
| WAB Wabtec Corp. | 0.29% | 78,038 | $16.7M | Reduce -10.7% |
| SCI Service Corp. International | 0.29% | 210,070 | $16.4M | Reduce -5.2% |
| ESTC Elastic NV | 0.27% | 201,771 | $15.2M | Reduce -0.0% |
| VEEV Veeva Systems Inc. Class A | 0.26% | 67,650 | $15.1M | Reduce -3.8% |
| STVN Stevanato Group SPA | 0.26% | 745,204 | $15.0M | Reduce -0.0% |
| ODFL Old Dominion Freight Line | 0.26% | 95,550 | $15.0M | Reduce -0.0% |
| BURL Burlington Stores Inc. | 0.26% | 50,605 | $14.6M | Add +8.5% |
| RMD Resmed Inc. | 0.25% | 60,360 | $14.5M | Reduce -6.2% |
| CSGP Costar Group Inc. | 0.25% | 214,249 | $14.4M | Reduce -0.0% |
| RVTY Revvity Inc. | 0.24% | 143,330 | $13.9M | Add +8.1% |
| DPZ Domino's Pizza Inc. | 0.24% | 33,255 | $13.9M | Reduce -0.0% |
| OKTA Okta Inc. | 0.24% | 160,038 | $13.8M | Reduce -7.2% |
| CDW CDW Corp. | 0.24% | 99,375 | $13.5M | Reduce -0.0% |
| FICO Fair Isaac Corp. | 0.23% | 7,829 | $13.2M | No change |
| CMG Chipotle Mexican Grill Inc. | 0.23% | 351,690 | $13.0M | Reduce -75.5% |
| SN Sharkninja Inc. | 0.23% | 116,041 | $13.0M | Add +30.3% |
| COO The Cooper Cos Inc. | 0.23% | 157,815 | $12.9M | Reduce -7.7% |
| HOLX Hologic Inc. | 0.22% | 168,385 | $12.5M | Reduce -0.0% |
| CVX Chevron Corp. | 0.21% | 80,020 | $12.2M | No change |
Portfolio Sells Q3 2025 → Q4 2025
| FISV Fiserv Inc. | Sold out | 0.00% | −1.16 |
| CMG Chipotle Mexican Grill Inc. | Reduce -75.5% | 0.23% | −0.73 |
| KVUE Kenvue Inc. | Sold out | 0.00% | −0.72 |
| ZS Zscaler Inc. | Reduce -0.0% | 1.03% | −0.30 |
| SNOW Snowflake Inc. | Reduce -22.1% | 0.94% | −0.26 |
| ORLY O'reilly Automotive Inc. | Reduce -2.1% | 1.53% | −0.26 |
| FAST Fastenal Co. | Reduce -3.4% | 0.99% | −0.22 |
| HD Home Depot Inc. | Reduce -0.0% | 1.44% | −0.20 |
| MNDY Monday.com Ltd. | Sold out | 0.00% | −0.20 |
| ORCL Oracle Corp. | Sold out | 0.00% | −0.19 |
| WNS WNS Holdings Ltd. | Sold out | 0.00% | −0.16 |
| VMC Vulcan Materials Co. | Reduce -5.0% | 1.31% | −0.13 |
| MORN Morningstar Inc. | Reduce -53.5% | 0.10% | −0.12 |
| SWKS Skyworks Solutions Inc. | Reduce -79.8% | 0.02% | −0.12 |
| AMD Advanced Micro Devices | Reduce -33.6% | 1.12% | −0.11 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -81.4% | 0.03% | −0.11 |
| ADI Analog Devices Inc. | Reduce -56.2% | 0.11% | −0.11 |
| CMCSA Comcast Corp. Class A | Sold out | 0.00% | −0.11 |
| DD Dupont DE Nemours Inc. | Sold out | 0.00% | −0.10 |
| AVGO Broadcom Inc. | Reduce -49.3% | 0.13% | −0.10 |
| OC Owens Corning | Sold out | 0.00% | −0.10 |
| WSO Watsco Inc. | Sold out | 0.00% | −0.10 |
| WDAY Workday Inc. Class A | Reduce -0.0% | 1.06% | −0.09 |
| VEEV Veeva Systems Inc. Class A | Reduce -3.8% | 0.26% | −0.09 |
| ARE Alexandria Real Estate Equit | Sold out | 0.00% | −0.08 |
| LW Lamb Weston Holdings Inc. | Sold out | 0.00% | −0.08 |
| FIVN FIVE9 Inc. | Reduce -99.5% | 0.00% | −0.08 |
| JJSF J & J Snack Foods Corp. | Sold out | 0.00% | −0.07 |
| PTC PTC Inc. | Reduce -6.9% | 0.34% | −0.07 |
| RPAY Repay Holdings Corp. | Sold out | 0.00% | −0.07 |
| VRNS Varonis Systems Inc. | Reduce -4.4% | 0.09% | −0.07 |
| STVN Stevanato Group SPA | Reduce -0.0% | 0.26% | −0.06 |
| OMCL Omnicell Inc. | Sold out | 0.00% | −0.06 |
| CSGP Costar Group Inc. | Reduce -0.0% | 0.25% | −0.05 |
| TJX TJX Companies Inc. | Reduce -11.5% | 1.77% | −0.05 |
| CTAS Cintas Corp. | Reduce -0.0% | 0.86% | −0.05 |
| OPLN Openlane Inc. | Reduce -34.0% | 0.11% | −0.05 |
| RMD Resmed Inc. | Reduce -6.2% | 0.25% | −0.04 |
| TDY Teledyne Technologies Inc. | Reduce -0.0% | 0.40% | −0.04 |
| LRCX Lam Research Corp. | Reduce -27.4% | 0.96% | −0.04 |
| EHC Encompass Health Corp. | Reduce -8.6% | 0.14% | −0.04 |
| CDW CDW Corp. | Reduce -0.0% | 0.24% | −0.03 |
| FIX Comfort Systems USA Inc. | Sold out | 0.00% | −0.03 |
| BR Broadridge Financial Solutio | Reduce -6.2% | 0.30% | −0.03 |
| CERT Certara Inc. | Reduce -0.3% | 0.09% | −0.03 |
| AOS Smith (a.o.) Corp. | Reduce -0.0% | 0.46% | −0.03 |
| DT Dynatrace Inc. | Reduce -0.0% | 0.34% | −0.03 |
| JEF Jefferies Financial Group Inc. | Sold out | 0.00% | −0.03 |
| SCI Service Corp. International | Reduce -5.2% | 0.29% | −0.03 |
| OKTA Okta Inc. | Reduce -7.2% | 0.24% | −0.03 |
Portfolio Buys Q3 2025 → Q4 2025
| ETN Eaton Corp. PLC | New | 0.87% | +0.87 |
| KO The Coca-Cola Co. | Add +47.3% | 1.33% | +0.50 |
| AAPL Apple Inc. | Add +7.7% | 3.01% | +0.47 |
| WCN Waste Connections Inc. | Add +32.4% | 1.38% | +0.37 |
| JCI Johnson Controls Internation | Add +41.7% | 0.88% | +0.33 |
| MCD McDonald's Corp. | Add +11.5% | 1.07% | +0.15 |
| SBUX Starbucks Corp. | Add +11.8% | 1.08% | +0.14 |
| META Meta Platforms Inc. Class A | Add +19.4% | 1.38% | +0.13 |
| ALC Alcon Inc. | Add +4.3% | 0.95% | +0.12 |
| RYAN Ryan Specialty Holdings Inc. | New | 0.11% | +0.11 |
| TEAM Atlassian Corp. Class A | Add +8.7% | 0.87% | +0.11 |
| ICE Intercontinental Exchange Inc. | Add +10.1% | 1.24% | +0.11 |
| LNT Alliant Energy Corp. | New | 0.10% | +0.10 |
| ADBE Adobe Inc. | Add +7.6% | 1.07% | +0.10 |
| AMGN Amgen Inc. | New | 0.09% | +0.09 |
| NOW ServiceNow Inc. | Add +26.5% | 1.14% | +0.09 |
| IQV Iqvia Holdings Inc. | Add +6.2% | 0.32% | +0.07 |
| SN Sharkninja Inc. | Add +30.3% | 0.23% | +0.07 |
| TECH Bio-Techne Corp. | Add +6.5% | 0.40% | +0.06 |
| BURL Burlington Stores Inc. | Add +8.5% | 0.26% | +0.05 |
| MTD Mettler-Toledo International | Add +0.1% | 0.37% | +0.05 |
| SNPS Synopsys Inc. | Add +6.8% | 1.11% | +0.05 |
| VIK Viking Holdings Ltd. | Add +12.2% | 0.20% | +0.05 |
| NFLX Netflix Inc. | Add +30.3% | 1.00% | +0.05 |
| RVTY Revvity Inc. | Add +8.1% | 0.24% | +0.05 |
| SYY Sysco Corp. | New | 0.04% | +0.04 |
| UNP Union Pacific Corp. | Add +23.5% | 0.19% | +0.04 |
| SLP Simulations Plus Inc. | Add +42.9% | 0.08% | +0.04 |
| MDT Medtronic PLC | Add +38.6% | 0.12% | +0.04 |
| STE Steris PLC | Add +5.8% | 0.35% | +0.04 |
| MAMA Mama's Creations Inc. | Add +18.6% | 0.09% | +0.03 |
| NDSN Nordson Corp. | Add +0.0% | 0.40% | +0.03 |
| KNX Knight-Swift Transportation | Add +0.1% | 0.12% | +0.03 |
| INTA Intapp Inc. | Add +16.0% | 0.12% | +0.03 |
| NKE Nike Inc. Class B | Add +33.3% | 0.14% | +0.03 |
| ATRC Atricure Inc. | Add +6.7% | 0.14% | +0.03 |
| NOVT Novanta Inc. | Add +8.8% | 0.10% | +0.03 |
| CWST Casella Waste Systems Inc. Class A | Add +13.9% | 0.14% | +0.02 |
| CSW CSW Industrials Inc. | Add +29.4% | 0.06% | +0.02 |
| MCHP Microchip Technology Inc. | Add +1.9% | 0.45% | +0.02 |
| WEC WEC Energy Group Inc. | Add +27.4% | 0.09% | +0.02 |
| LZB La-Z-Boy Inc. | Add +0.1% | 0.13% | +0.01 |
| UL Unilever PLC-Sponsored ADR | Add +6.1% | 0.15% | +0.01 |
| BL Blackline Inc. | Add +0.1% | 0.14% | +0.01 |
| BX Blackstone Inc. | Add +15.1% | 0.13% | +0.01 |
| NCNO Ncino Inc. | Add +9.6% | 0.13% | +0.01 |
| ALKT Alkami Technology Inc. | Add +11.2% | 0.13% | +0.01 |
| TXN Texas Instruments Inc. | Add +3.4% | 1.01% | +0.01 |
| WMB Williams Cos Inc. | Add +22.7% | 0.04% | +0.01 |
| AMT American Tower Corp. | Add +11.2% | 0.12% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 195 | $5.5B | GOOG, NVDA, AMZN, AAPL, MSFT |
| Q1 2026 | 203 | $5.1B | GOOG, NVDA, AMZN, AAPL, MSFT |
| Q4 2025 | 205 | $5.7B | GOOG, NVDA, MSFT, AMZN, AAPL |
| Q3 2025 | 215 | $5.9B | MSFT, GOOG, NVDA, AMZN, AAPL |
| Q2 2025 | 216 | $6.0B | MSFT, GOOG, AMZN, NVDA, AAPL |
| Q1 2025 | 213 | $5.8B | MSFT, GOOG, AMZN, AAPL, NVDA |
| Q4 2024 | 214 | $6.2B | GOOG, MSFT, AMZN, AAPL, ORLY |
| Q3 2024 | 216 | $6.1B | MSFT, GOOG, AMZN, AAPL, ORLY |
| Q2 2024 | 216 | $6.0B | MSFT, GOOG, AMZN, AAPL, ORLY |
| Q1 2024 | 218 | $6.1B | MSFT, GOOG, AMZN, ORLY, DXCM |