Nicolet Bankshares Inc.
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 11, 2026), Nicolet Bankshares Inc. reported 612 stock positions worth $3.1 billion. Its top holding was Ste STR SPDR PT S&P 500 ETF (SPYM) at 14.0% of the portfolio, followed by Apple (AAPL, 3.7%) and SS SPDR P S&P 500 Value ETF (SPYV, 3.7%). Compared with Q1 2026, it opened 83 new positions, sold out of 34, added to 211 and reduced 257. The biggest buy was Ste STR SPDR PT S&P 500 ETF (SPYM, shares +8%) and the biggest sale Principal Act Hi YLD ETF (YLD, shares −74%).
- Most Recent 13F
- Q2 2026
- Location
- GREEN BAY, WI
- CIK
- 0001174850
- Portfolio Value
- $3.1B (Q2 2026)
- SEC Filing
- 0001174850-26-000167 ↗ filed Aug 11, 2026
Holdings Value
Holdings 612 stocks · $3.1B
| SPYM Ste STR SPDR PT S&P 500 ETF | 14.05% | 5,001,980 | $441.8M | Add +7.8% |
| AAPL Apple Inc. | 3.71% | 387,221 | $116.8M | Add +0.1% |
| SPYV SS SPDR P S&P 500 Value ETF | 3.68% | 1,884,218 | $115.8M | Reduce -0.1% |
| AVEM Avantis Emerging Markets Eq | 3.22% | 1,058,365 | $101.2M | Reduce -0.7% |
| SPYG SS SPDR P S&P 500 Growth ETF | 3.00% | 794,989 | $94.4M | Reduce -1.2% |
| VEA Vanguard Ftse Developed ETF | 2.71% | 1,188,926 | $85.3M | Add +14.0% |
| VOO Vanguard S&P 500 ETF | 1.82% | 82,963 | $57.1M | Reduce -7.8% |
| ITOT iShares Core S&P Total U.S. | 1.74% | 331,608 | $54.7M | Add +2.8% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 1.73% | 674,232 | $54.5M | Add +17.0% |
| FBND Fidelity Total Bond ETF | 1.49% | 1,027,399 | $46.7M | Add +54.1% |
| MSFT Microsoft Corp. | 1.35% | 112,186 | $42.6M | Reduce -0.8% |
| NVDA Nvidia Corp. | 1.33% | 211,513 | $41.8M | Add +7.0% |
| VTEB Vanguard Tax-Exempt Bond ETF | 1.27% | 789,092 | $39.9M | Reduce -1.6% |
| SCHV Schwab US Large-Cap Value | 1.25% | 1,126,459 | $39.2M | Reduce -5.6% |
| MUB iShares National Muni Bond E | 1.23% | 358,958 | $38.6M | Add +2.3% |
| JPM JPMorgan Chase & Co. | 1.22% | 115,433 | $38.5M | Reduce -2.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.20% | 74,391 | $37.6M | Add +0.8% |
| VONG Vanguard Russell 1000 Growth | 1.07% | 262,461 | $33.5M | Reduce -1.1% |
| AMZN Amazon.com Inc. | 1.05% | 137,494 | $33.2M | Add +0.8% |
| UITB Victoryshares Core Intermedi | 1.00% | 671,256 | $31.4M | Add +38.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.97% | 40,943 | $30.6M | Reduce -0.1% |
| GOOGL Alphabet Inc. Class A | 0.94% | 81,850 | $29.7M | Reduce -1.9% |
| IVV iShares Core S&P 500 ETF | 0.94% | 39,364 | $29.6M | Reduce -2.9% |
| AVRE Avantis Real Estate ETF | 0.94% | 619,231 | $29.5M | Add +3.6% |
| GOOG Alphabet Inc. Class C | 0.88% | 77,299 | $27.7M | Add +0.6% |
| IEFA iShares Core MSCI Eafe ETF | 0.86% | 278,220 | $26.9M | Add +0.5% |
| PG The Procter & Gamble Co. | 0.79% | 167,289 | $24.9M | Add +2.3% |
| BND Vanguard Total Bond Market | 0.74% | 316,382 | $23.1M | Add +7.4% |
| MU Micron Technology Inc. | 0.74% | 21,644 | $23.1M | Reduce -7.6% |
| VONE Vanguard Russell 1000 | 0.69% | 64,114 | $21.7M | Add +4.2% |
| SCHB Schwab US Broad Market ETF | 0.60% | 650,210 | $18.8M | Reduce -7.1% |
| WEC WEC Energy Group Inc. | 0.59% | 160,285 | $18.7M | Reduce -0.2% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.59% | 84,960 | $18.6M | Add +2.6% |
| IVW iShares S&P 500 Growth ETF | 0.55% | 126,764 | $17.4M | Add +0.1% |
| CAT Caterpillar Inc. | 0.54% | 16,554 | $17.1M | Reduce -0.5% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.54% | 55,781 | $16.9M | Add +8.9% |
| SPAB SS SPDR P Agg Bond ETF | 0.52% | 637,416 | $16.3M | Add +0.7% |
| META Meta Platforms Inc. Class A | 0.51% | 27,975 | $16.1M | Reduce -7.3% |
| AVGO Broadcom Inc. | 0.51% | 42,684 | $16.1M | Add +2.4% |
| FSCC Fed Hermes Small Cap Core | 0.51% | 435,082 | $16.0M | Add +27.4% |
| LLY Eli Lilly & Co. | 0.51% | 13,329 | $16.0M | Add +19.8% |
| AGG iShares Core U.S. Aggregate | 0.50% | 159,599 | $15.8M | Reduce -2.4% |
| VCLT Vanguard Long-Term Corp. Bond | 0.48% | 202,549 | $15.2M | Reduce -2.3% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.45% | 181,022 | $14.3M | Reduce -0.7% |
| AMLP Alerian MLP ETF | 0.45% | 275,028 | $14.3M | Reduce -1.3% |
| ORCL Oracle Corp. | 0.42% | 90,690 | $13.2M | Add +4.6% |
| AMD Advanced Micro Devices | 0.41% | 22,815 | $12.9M | Reduce -89.8% |
| HD Home Depot Inc. | 0.39% | 35,145 | $12.3M | Reduce -3.2% |
| KO The Coca-Cola Co. | 0.39% | 149,477 | $12.3M | Reduce -0.4% |
| JNJ Johnson & Johnson | 0.39% | 47,859 | $12.2M | Add +2.9% |
| XOM Exxon Mobil Corp. | 0.38% | 88,251 | $12.1M | Add +0.3% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.36% | 132,654 | $11.5M | Reduce -0.8% |
| CSCO Cisco Systems Inc. | 0.36% | 98,287 | $11.4M | Reduce -2.9% |
| WMT Walmart Inc. | 0.35% | 98,940 | $11.1M | Reduce -0.1% |
| AMJB Alerian MLP ETN2044 filed as JPMORGAN CHASE FINL CO LLC | 0.35% | 322,369 | $11.0M | Reduce -2.4% |
| ABBV Abbvie Inc. | 0.34% | 42,391 | $10.7M | Reduce -0.4% |
| JHHY John Hancock High Yield ETF | 0.33% | 408,702 | $10.5M | New |
| VTI VG Morningstar TS MKT ETF-US | 0.33% | 27,996 | $10.4M | Add +3.0% |
| COST Costco Wholesale Corp. | 0.32% | 10,783 | $10.1M | Reduce -3.5% |
| SUB iShares Short-Term National | 0.32% | 94,184 | $10.0M | Add +21.5% |
| VGSH Vanguard Short-Term Treasury | 0.31% | 169,574 | $9.9M | Add +1.7% |
| INTC Intel Corp. | 0.31% | 71,387 | $9.8M | Reduce -1.2% |
| EFA iShares MSCI Eafe ETF | 0.30% | 89,859 | $9.3M | Reduce -0.5% |
| UAL United Airlines Holdings Inc. | 0.30% | 68,629 | $9.3M | Add +52.8% |
| CWI State Street SPDR MSCI Acwi | 0.27% | 211,015 | $8.6M | Add +8.8% |
| AVUV Avantis US Small Cap Value | 0.27% | 69,097 | $8.6M | Add +19.4% |
| IWF iShares Russell 1000 Growth | 0.26% | 66,486 | $8.2M | Reduce -0.1% |
| ETN Eaton Corp. PLC | 0.26% | 19,481 | $8.1M | Reduce -3.7% |
| AVDE Avantis International Equity | 0.26% | 89,459 | $8.0M | Add +38.1% |
| UMBF Umb Financial Corp. | 0.25% | 55,956 | $8.0M | No change |
| BA The Boeing Co. | 0.25% | 35,035 | $8.0M | Reduce -1.9% |
| IVE iShares S&P 500 Value ETF | 0.25% | 34,482 | $7.9M | Add +0.2% |
| BFC Bank First Corp. | 0.25% | 51,534 | $7.8M | Add +0.0% |
| PM Philip Morris International | 0.25% | 42,157 | $7.7M | Add +0.7% |
| IBIT iShares Bitcoin Trust ETF | 0.24% | 211,199 | $7.6M | Add +932.0% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.24% | 148,390 | $7.5M | Reduce -6.8% |
| PEP Pepsico Inc. | 0.23% | 51,232 | $7.2M | Reduce -8.8% |
| MDY State Street SPDR S&P Midcap | 0.23% | 10,279 | $7.2M | Add +1.0% |
| MA Mastercard Inc. Class A | 0.23% | 13,586 | $7.1M | Reduce -6.4% |
| JEPI JPMorgan Equity Premium Inco | 0.23% | 125,285 | $7.1M | Add +13.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.22% | 46,064 | $7.0M | Reduce -3.4% |
| TSLA Tesla Inc. | 0.22% | 16,214 | $6.8M | Add +14.3% |
| URI United Rentals Inc. | 0.21% | 5,979 | $6.8M | Reduce -1.4% |
| CVX Chevron Corp. | 0.21% | 40,284 | $6.7M | Reduce -3.8% |
| RTX RTX Corp. | 0.21% | 34,358 | $6.7M | Reduce -1.9% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.21% | 146,322 | $6.6M | Add +11.4% |
| MLN Vaneck Long Muni ETF | 0.21% | 372,507 | $6.6M | Reduce -3.2% |
| V Visa Inc. Class A | 0.21% | 18,747 | $6.5M | Add +1.6% |
| C Citigroup Inc. | 0.21% | 45,939 | $6.5M | Reduce -6.0% |
| PANW Palo Alto Networks Inc. | 0.20% | 18,484 | $6.4M | Reduce -2.5% |
| OSK Oshkosh Corp. | 0.20% | 43,023 | $6.2M | Add +0.7% |
| DE Deere & Co. | 0.19% | 9,648 | $6.1M | Add +3.7% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.19% | 30,872 | $6.1M | Add +12.3% |
| VUSB Vanguard Ultra Short Bond Et | 0.19% | 122,424 | $6.1M | Add +4.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.19% | 21,031 | $6.1M | Add +1.9% |
| DFAC Dimensional US Core Equity 2 | 0.19% | 135,626 | $6.0M | Reduce -13.0% |
| AMAT Applied Materials Inc. | 0.18% | 8,567 | $5.8M | Reduce -0.3% |
| ABT Abbott Laboratories | 0.18% | 62,435 | $5.7M | Reduce -26.9% |
| IEMG iShares Core MSCI Emerging | 0.18% | 68,858 | $5.7M | Add +5.4% |
| ADI Analog Devices Inc. | 0.18% | 14,273 | $5.6M | Reduce -6.9% |
Options reported separately and not counted above: NFLX calls ($38K), NVDA calls ($20K), NKE calls ($4K).
Portfolio Sells Q1 2026 → Q2 2026
| YLD Principal Act Hi YLD ETF | Reduce -74.2% | 0.09% | −0.30 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -0.1% | 3.68% | −0.26 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -1.6% | 1.27% | −0.21 |
| SLNO Soleno Therapeutics Inc. | Sold out | 0.00% | −0.19 |
| MSFT Microsoft Corp. | Reduce -0.8% | 1.35% | −0.19 |
| VOO Vanguard S&P 500 ETF | Reduce -7.8% | 1.82% | −0.17 |
| ABT Abbott Laboratories | Reduce -26.9% | 0.18% | −0.14 |
| BSX Boston Scientific Corp. | Reduce -79.3% | 0.02% | −0.13 |
| META Meta Platforms Inc. Class A | Reduce -7.3% | 0.51% | −0.13 |
| ALK Alaska Air Group Inc. | Reduce -86.5% | 0.02% | −0.12 |
| WMT Walmart Inc. | Reduce -0.1% | 0.35% | −0.10 |
| CVX Chevron Corp. | Reduce -3.8% | 0.21% | −0.10 |
| AGG iShares Core U.S. Aggregate | Reduce -2.4% | 0.50% | −0.10 |
| SCHV Schwab US Large-Cap Value | Reduce -5.6% | 1.25% | −0.10 |
| WEC WEC Energy Group Inc. | Reduce -0.2% | 0.59% | −0.09 |
| HON Honeywell International Inc. | Reduce -5.9% | 0.04% | −0.09 |
| PEP Pepsico Inc. | Reduce -8.8% | 0.23% | −0.09 |
| COST Costco Wholesale Corp. | Reduce -3.5% | 0.32% | −0.09 |
| VCLT Vanguard Long-Term Corp. Bond | Reduce -2.3% | 0.48% | −0.09 |
| AMLP Alerian MLP ETF | Reduce -1.3% | 0.45% | −0.08 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -0.7% | 0.45% | −0.08 |
| FRMI Fermi Inc. | Reduce -55.9% | 0.11% | −0.07 |
| AMJB Alerian MLP ETN2044 | Reduce -2.4% | 0.35% | −0.07 |
| TJX TJX Companies Inc. | Reduce -3.4% | 0.22% | −0.06 |
| JPM JPMorgan Chase & Co. | Reduce -2.0% | 1.22% | −0.06 |
| MCD McDonald's Corp. | Reduce -6.8% | 0.14% | −0.06 |
| ACN Accenture PLC Class A | Reduce -27.6% | 0.04% | −0.06 |
| UTHR United Therapeutics Corp. | Reduce -13.9% | 0.11% | −0.05 |
| NFLX Netflix Inc. | Reduce -1.5% | 0.10% | −0.05 |
| SLV iShares Silver Trust | Reduce -64.9% | 0.02% | −0.05 |
| SCHB Schwab US Broad Market ETF | Reduce -7.1% | 0.60% | −0.05 |
| ADBE Adobe Inc. | Reduce -46.4% | 0.03% | −0.05 |
| HD Home Depot Inc. | Reduce -3.2% | 0.39% | −0.05 |
| HUBS HubSpot Inc. | Reduce -42.4% | 0.03% | −0.05 |
| COP Conocophillips | Reduce -14.3% | 0.06% | −0.04 |
| INTU Intuit Inc. | Reduce -13.8% | 0.04% | −0.04 |
| MA Mastercard Inc. Class A | Reduce -6.4% | 0.23% | −0.04 |
| IVV iShares Core S&P 500 ETF | Reduce -2.9% | 0.94% | −0.04 |
| NEE Nextera Energy Inc. | Reduce -3.8% | 0.14% | −0.04 |
| RTX RTX Corp. | Reduce -1.9% | 0.21% | −0.04 |
| MLN Vaneck Long Muni ETF | Reduce -3.2% | 0.21% | −0.04 |
| COR Cencora Inc. | Reduce -20.9% | 0.06% | −0.04 |
| TMO Thermo Fisher Scientific Inc. | Reduce -11.6% | 0.13% | −0.04 |
| WAL Western Alliance Bancorp | Reduce -39.8% | 0.05% | −0.04 |
| PFF iShares Preferred & Income S | Reduce -11.2% | 0.12% | −0.04 |
| PFE Pfizer Inc. | Reduce -3.2% | 0.08% | −0.03 |
| OKTA Okta Inc. | Sold out | 0.00% | −0.03 |
| WIX Wix.com Ltd. | Sold out | 0.00% | −0.03 |
| DFAC Dimensional US Core Equity 2 | Reduce -13.0% | 0.19% | −0.03 |
| VZ Verizon Communications Inc. | Reduce -0.8% | 0.08% | −0.03 |
Portfolio Buys Q1 2026 → Q2 2026
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +7.8% | 14.05% | +0.87 |
| FBND Fidelity Total Bond ETF | Add +54.1% | 1.49% | +0.36 |
| JHHY John Hancock High Yield ETF | New | 0.33% | +0.33 |
| VEA Vanguard Ftse Developed ETF | Add +14.0% | 2.71% | +0.22 |
| IBIT iShares Bitcoin Trust ETF | Add +932.0% | 0.24% | +0.21 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +17.0% | 1.73% | +0.20 |
| UITB Victoryshares Core Intermedi | Add +38.3% | 1.00% | +0.16 |
| UAL United Airlines Holdings Inc. | Add +52.8% | 0.30% | +0.14 |
| FSCC Fed Hermes Small Cap Core | Add +27.4% | 0.51% | +0.13 |
| LLY Eli Lilly & Co. | Add +19.8% | 0.51% | +0.13 |
| IWY iShares Russell Top 200 Grow | New | 0.13% | +0.13 |
| FIS Fidelity National Info Serv | Add +540.7% | 0.12% | +0.09 |
| IQV Iqvia Holdings Inc. | Add +200.6% | 0.12% | +0.08 |
| AAPL Apple Inc. | Add +0.1% | 3.71% | +0.08 |
| THC Tenet Healthcare Corp. | Add +170.4% | 0.11% | +0.06 |
| GOOG Alphabet Inc. Class C | Add +0.6% | 0.88% | +0.06 |
| SPMO Invesco S&P 500 Momentum ETF | Add +391.3% | 0.07% | +0.05 |
| IOO iShares Global 100 ETF | New | 0.05% | +0.05 |
| AVDE Avantis International Equity | Add +38.1% | 0.26% | +0.05 |
| NVDA Nvidia Corp. | Add +7.0% | 1.33% | +0.05 |
| BCS Barclays PLC-Spons ADR | New | 0.05% | +0.05 |
| FYC First Trust Small Cap Growth | New | 0.04% | +0.04 |
| UNH Unitedhealth Group Inc. | Add +8.7% | 0.13% | +0.04 |
| DAR Darling Ingredients Inc. | New | 0.04% | +0.04 |
| KLAC KLA Corp. | Add +35.0% | 0.08% | +0.04 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +8.9% | 0.54% | +0.04 |
| PLTU Dire DLY PLTR Bul 2X ETF-Usd | New | 0.04% | +0.04 |
| KDP Keurig Dr Pepper Inc. | New | 0.04% | +0.04 |
| AVUV Avantis US Small Cap Value | Add +19.4% | 0.27% | +0.04 |
| ASML ASML Holding NV-NY Reg SHS | Add +34.2% | 0.09% | +0.04 |
| SPHQ Invesco S&P 500 Quality ETF | Add +96.0% | 0.07% | +0.04 |
| DELL Dell Technologies -C | Add +12.8% | 0.06% | +0.04 |
| GEV GE Vernova Inc. | Add +18.1% | 0.13% | +0.04 |
| ITOT iShares Core S&P Total U.S. | Add +2.8% | 1.74% | +0.03 |
| SMMT Summit Therapeutics Inc. | New | 0.03% | +0.03 |
| RDVY First Trust Rising Dividend | Add +431.7% | 0.04% | +0.03 |
| TXN Texas Instruments Inc. | Add +14.7% | 0.10% | +0.03 |
| AVGO Broadcom Inc. | Add +2.4% | 0.51% | +0.03 |
| WDAY Workday Inc. Class A | New | 0.03% | +0.03 |
| IEI iShares 3-7 Year Treasury Bo | Add +256.5% | 0.05% | +0.03 |
| GOVT iShares US Treasury Bond ETF | Add +321.0% | 0.04% | +0.03 |
| NOW ServiceNow Inc. | Add +78.3% | 0.10% | +0.03 |
| JEPQ JPM Nasdaq Equity Premium | Add +26.8% | 0.17% | +0.03 |
| COF Capital One Financial Corp. | Add +66.4% | 0.08% | +0.03 |
| PGX Invesco Preferred ETF | New | 0.03% | +0.03 |
| GLIX Lazard Listed Infrastructure | Add +37.9% | 0.15% | +0.03 |
| SVIX -1X Short Vix Futures ETF | Add +9.1% | 0.09% | +0.03 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +217.6% | 0.05% | +0.03 |
| GE General Electric | Add +4.4% | 0.18% | +0.03 |
| IGHG Proshares Ig Hedged | New | 0.03% | +0.03 |
Options Activity Q1 2026 → Q2 2026
| NFLX Netflix Inc. | call | New | 500 | $38K |
| NVDA Nvidia Corp. | call | New | 100 | $20K |
| NKE Nike Inc. Class B | call | New | 100 | $4K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 612 | $3.1B | SPYM, AAPL, SPYV, AVEM, SPYG |
| Q1 2026 | 562 | $2.7B | SPYM, SPYV, AAPL, AVEM, SPYG |
| Q4 2025 | 226 | $624.0M | NIC, SPYM, SPYV, VOO, SPYG |
| Q3 2025 | 218 | $622.3M | NIC, SPYV, SPYG, VOO, AAPL |
| Q2 2025 | 207 | $578.7M | NIC, SPYV, SPYG, VOO, MSFT |
| Q1 2025 | 197 | $498.1M | NIC, SPYV, SPYG, AAPL, SPY |
| Q4 2024 | 193 | $512.1M | NIC, SPYV, SPYG, AAPL, SPY |
| Q3 2024 | 204 | $496.0M | NIC, SPYV, SPYG, AAPL, MSFT |
| Q2 2024 | 208 | $476.7M | NIC, SPYV, SPYG, AAPL, MSFT |
| Q1 2024 | 216 | $482.1M | NIC, SPYV, SPYG, MSFT, AAPL |