Nicolet Bankshares Inc.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 9, 2024), Nicolet Bankshares Inc. reported 216 stock positions worth $482.1 million. Its top holding was Nicolet Bankshares (NIC) at 16.1% of the portfolio, followed by SS SPDR P S&P 500 Value ETF (SPYV, 11.5%) and SS SPDR P S&P 500 Growth ETF (SPYG, 6.2%). Compared with Q4 2023, it opened 18 new positions, sold out of 4, added to 82 and reduced 77. The biggest buy was SS SPDR S&P 500 ETF Trust-US (SPY, shares +16%) and the biggest sale Apple (AAPL, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- GREEN BAY, WI
- CIK
- 0001174850
- Portfolio Value
- $482.1M (Q1 2024)
- SEC Filing
- 0001628280-24-022123 ↗ filed May 9, 2024
Holdings Value
Holdings 216 stocks · $482.1M
| NIC Nicolet Bankshares Inc. | 16.07% | 900,737 | $77.5M | Reduce -1.0% |
| SPYV SS SPDR P S&P 500 Value ETF | 11.46% | 1,103,040 | $55.3M | Reduce -0.5% |
| SPYG SS SPDR P S&P 500 Growth ETF | 6.18% | 407,563 | $29.8M | Reduce -3.5% |
| MSFT Microsoft Corp. | 2.82% | 32,333 | $13.6M | Add +0.2% |
| AAPL Apple Inc. | 2.64% | 74,296 | $12.7M | Reduce -0.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.44% | 22,500 | $11.8M | Add +16.0% |
| IVW iShares S&P 500 Growth ETF | 2.24% | 128,149 | $10.8M | Add +1.1% |
| NVDA Nvidia Corp. | 1.98% | 10,586 | $9.6M | Reduce -1.8% |
| AMJ JPMorgan Alerian MLP Index | 1.74% | 294,663 | $8.4M | Reduce -9.4% |
| IWF iShares Russell 1000 Growth | 1.39% | 19,863 | $6.7M | Add +0.2% |
| AMZN Amazon.com Inc. | 1.31% | 35,072 | $6.3M | Add +1.0% |
| IVE iShares S&P 500 Value ETF | 1.28% | 33,016 | $6.2M | No change |
| VOO Vanguard S&P 500 ETF | 1.27% | 12,755 | $6.1M | Add +6.6% |
| VEA Vanguard Ftse Developed ETF | 1.21% | 116,706 | $5.9M | Add +0.6% |
| IVV iShares Core S&P 500 ETF | 1.19% | 10,925 | $5.7M | Add +1.0% |
| GOOG Alphabet Inc. Class C | 1.17% | 37,095 | $5.6M | Add +0.9% |
| EFA iShares MSCI Eafe ETF | 1.14% | 68,521 | $5.5M | Add +1.8% |
| COST Costco Wholesale Corp. | 1.11% | 7,300 | $5.3M | Add +0.3% |
| AVRE Avantis Real Estate ETF | 1.10% | 125,307 | $5.3M | Add +2.7% |
| JPM JPMorgan Chase & Co. | 1.04% | 25,006 | $5.0M | Reduce -0.8% |
| AMLP Alerian MLP ETF | 0.90% | 91,095 | $4.3M | Add +9.0% |
| TLH iShares 10-20 Year Treasury | 0.83% | 37,996 | $4.0M | Add +26.2% |
| MA Mastercard Inc. Class A | 0.78% | 7,800 | $3.8M | Add +0.3% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.69% | 20,501 | $3.3M | Reduce -1.4% |
| META Meta Platforms Inc. Class A | 0.68% | 6,795 | $3.3M | Add +0.3% |
| GOOGL Alphabet Inc. Class A | 0.67% | 21,518 | $3.2M | Add +0.5% |
| PG The Procter & Gamble Co. | 0.66% | 19,701 | $3.2M | Add +0.2% |
| ABT Abbott Laboratories | 0.65% | 27,608 | $3.1M | Add +0.5% |
| XOM Exxon Mobil Corp. | 0.62% | 25,881 | $3.0M | Reduce -1.3% |
| HD Home Depot Inc. | 0.57% | 7,160 | $2.7M | Reduce -2.4% |
| IWD iShares Russell 1000 Value E | 0.55% | 14,860 | $2.7M | Add +8.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.54% | 6,223 | $2.6M | Reduce -4.3% |
| CRM Salesforce Inc. | 0.53% | 8,537 | $2.6M | Reduce -1.5% |
| CMG Chipotle Mexican Grill Inc. | 0.52% | 860 | $2.5M | Add +0.3% |
| BND Vanguard Total Bond Market | 0.51% | 33,650 | $2.4M | Add +12.9% |
| MCD McDonald's Corp. | 0.50% | 8,594 | $2.4M | Reduce -1.5% |
| KO The Coca-Cola Co. | 0.49% | 38,834 | $2.4M | Add +0.9% |
| IWM iShares Russell 2000 ETF | 0.45% | 10,338 | $2.2M | Reduce -1.4% |
| ADBE Adobe Inc. | 0.44% | 4,249 | $2.1M | Add +1.4% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.44% | 8,802 | $2.1M | Reduce -4.3% |
| VGLT Vanguard Long-Term Treasury | 0.42% | 33,797 | $2.0M | Reduce -26.1% |
| DE Deere & Co. | 0.41% | 4,848 | $2.0M | Reduce -0.2% |
| VTI VG Morningstar TS MKT ETF-US | 0.39% | 7,306 | $1.9M | Reduce -6.9% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.39% | 5,439 | $1.9M | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.38% | 9,519 | $1.8M | Reduce -0.3% |
| WEC WEC Energy Group Inc. | 0.37% | 21,957 | $1.8M | No change |
| CVX Chevron Corp. | 0.36% | 11,094 | $1.7M | Add +0.2% |
| ADI Analog Devices Inc. | 0.35% | 8,550 | $1.7M | Add +0.1% |
| HON Honeywell International Inc. | 0.35% | 8,193 | $1.7M | Add +4.2% |
| RSP Invesco S&P 500 Equal Weight | 0.35% | 9,927 | $1.7M | Reduce -4.4% |
| PANW Palo Alto Networks Inc. | 0.35% | 5,907 | $1.7M | Add +0.2% |
| GD General Dynamics Corp. | 0.34% | 5,855 | $1.7M | Reduce -1.2% |
| ICE Intercontinental Exchange Inc. | 0.34% | 11,905 | $1.6M | Reduce -0.6% |
| AON Aon PLC Class A | 0.34% | 4,867 | $1.6M | No change |
| MDLZ Mondelez International Inc. Class A | 0.33% | 23,014 | $1.6M | Add +0.1% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.33% | 1,542 | $1.6M | Reduce -0.8% |
| DHR Danaher Corp. | 0.32% | 6,134 | $1.5M | Add +0.4% |
| PEP Pepsico Inc. | 0.31% | 8,571 | $1.5M | Reduce -6.3% |
| SNDR Schneider National Inc. Class B | 0.31% | 66,000 | $1.5M | No change |
| INTU Intuit Inc. | 0.31% | 2,298 | $1.5M | Reduce -3.1% |
| MUB iShares National Muni Bond E | 0.31% | 13,850 | $1.5M | Add +3.6% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.31% | 14,511 | $1.5M | Add +1.3% |
| ETN Eaton Corp. PLC | 0.30% | 4,588 | $1.4M | Add +3.0% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.28% | 8,812 | $1.4M | Reduce -66.2% |
| JNJ Johnson & Johnson | 0.28% | 8,636 | $1.4M | Reduce -1.5% |
| UNH Unitedhealth Group Inc. | 0.28% | 2,716 | $1.3M | Add +6.0% |
| NSC Norfolk Southern Corp. | 0.28% | 5,260 | $1.3M | Add +1.5% |
| QQQ Invesco QQQ Trust Series 1 | 0.28% | 2,999 | $1.3M | Reduce -29.6% |
| V Visa Inc. Class A | 0.27% | 4,744 | $1.3M | Add +0.4% |
| WMT Walmart Inc. | 0.27% | 21,732 | $1.3M | Add +4.5% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.27% | 23,695 | $1.3M | Add +1.4% |
| LOW Lowe's Cos Inc. | 0.27% | 5,028 | $1.3M | Reduce -0.7% |
| CVS CVS Health Corp. | 0.26% | 15,795 | $1.3M | Add +5.0% |
| AMT American Tower Corp. | 0.26% | 6,341 | $1.3M | Add +1.5% |
| BMY Bristol-Myers Squibb Co. | 0.26% | 22,940 | $1.2M | Add +2.6% |
| CSCO Cisco Systems Inc. | 0.26% | 24,876 | $1.2M | Add +0.1% |
| TFC Truist Financial Corp. | 0.26% | 31,834 | $1.2M | Add +4.0% |
| TMO Thermo Fisher Scientific Inc. | 0.25% | 2,110 | $1.2M | Reduce -11.9% |
| VXUS Vanguard Total Intl Stock | 0.25% | 20,020 | $1.2M | No change |
| CAT Caterpillar Inc. | 0.25% | 3,284 | $1.2M | Reduce -0.2% |
| CMCSA Comcast Corp. Class A | 0.24% | 27,228 | $1.2M | Add +3.8% |
| ORCL Oracle Corp. | 0.24% | 9,283 | $1.2M | Reduce -3.3% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.24% | 4,663 | $1.2M | Reduce -9.2% |
| GSK GSK PLC-Spon ADR | 0.24% | 27,105 | $1.2M | Add +1.1% |
| LLY Eli Lilly & Co. | 0.24% | 1,476 | $1.1M | Add +1.5% |
| PFE Pfizer Inc. | 0.24% | 41,379 | $1.1M | Add +3.9% |
| BX Blackstone Inc. | 0.24% | 8,704 | $1.1M | Add +0.7% |
| NEE Nextera Energy Inc. | 0.23% | 17,649 | $1.1M | Reduce -1.4% |
| SCHW Schwab (charles) Corp. | 0.23% | 15,206 | $1.1M | Add +1.4% |
| FISV Fiserv Inc. | 0.22% | 6,590 | $1.1M | Reduce -2.6% |
| NKE Nike Inc. Class B | 0.22% | 11,153 | $1.0M | Add +8.3% |
| IWB iShares Russell 1000 ETF | 0.21% | 3,597 | $1.0M | Reduce -0.3% |
| CDW CDW Corp. | 0.21% | 3,974 | $1.0M | Add +2.4% |
| COR Cencora Inc. | 0.21% | 4,107 | $998K | Reduce -0.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.21% | 8,108 | $992K | Reduce -3.1% |
| ABBV Abbvie Inc. | 0.21% | 5,437 | $990K | Add +0.6% |
| EOG EOG Resources Inc. | 0.20% | 7,707 | $985K | Add +2.9% |
| LRCX Lam Research Corp. | 0.20% | 1,000 | $972K | Reduce -2.3% |
| WFC Wells Fargo & Co. | 0.20% | 16,581 | $961K | Add +4.2% |
| ZBH Zimmer Biomet Holdings Inc. | 0.20% | 7,161 | $945K | Add +3.6% |
Portfolio Sells Q4 2023 → Q1 2024
| AAPL Apple Inc. | Reduce -0.7% | 2.64% | −0.60 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Reduce -66.2% | 0.28% | −0.57 |
| NIC Nicolet Bankshares Inc. | Reduce -1.0% | 16.07% | −0.40 |
| VGLT Vanguard Long-Term Treasury | Reduce -26.1% | 0.42% | −0.22 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -0.5% | 11.46% | −0.17 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -29.6% | 0.28% | −0.12 |
| AMJ JPMorgan Alerian MLP Index | Reduce -9.4% | 1.74% | −0.11 |
| VGSH Vanguard Short-Term Treasury | Sold out | 0.00% | −0.10 |
| ESGD iShares Trust iShares ESG Aw | Sold out | 0.00% | −0.10 |
| BA The Boeing Co. | Reduce -0.7% | 0.17% | −0.08 |
| MCD McDonald's Corp. | Reduce -1.5% | 0.50% | −0.08 |
| GUNR NT Mstar GLBL NR ETF | Reduce -26.2% | 0.16% | −0.07 |
| XLC SS Comm Select Sector SPDR | Sold out | 0.00% | −0.06 |
| BBAG JPMorgan Betabuilders US Agg | Sold out | 0.00% | −0.05 |
| PEP Pepsico Inc. | Reduce -6.3% | 0.31% | −0.04 |
| TMO Thermo Fisher Scientific Inc. | Reduce -11.9% | 0.25% | −0.03 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -9.2% | 0.24% | −0.03 |
| JNJ Johnson & Johnson | Reduce -1.5% | 0.28% | −0.03 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -6.9% | 0.39% | −0.02 |
| DE Deere & Co. | Reduce -0.2% | 0.41% | −0.02 |
| INTU Intuit Inc. | Reduce -3.1% | 0.31% | −0.02 |
| IWM iShares Russell 2000 ETF | Reduce -1.4% | 0.45% | −0.02 |
| UNP Union Pacific Corp. | Reduce -2.9% | 0.19% | −0.02 |
| RSP Invesco S&P 500 Equal Weight | Reduce -4.4% | 0.35% | −0.02 |
| WH Wyndham Hotels & Resorts Inc. | Reduce -3.6% | 0.10% | −0.02 |
| AKAM Akamai Technologies Inc. | Reduce -7.1% | 0.06% | −0.02 |
| PM Philip Morris International | Reduce -0.4% | 0.13% | −0.01 |
| DD Dupont DE Nemours Inc. | Reduce -0.9% | 0.15% | −0.01 |
| EVTC Evertec Inc. | Reduce -5.2% | 0.08% | −0.01 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -4.3% | 0.44% | −0.01 |
| AES AES Corp. | Reduce -1.7% | 0.07% | −0.01 |
| UPS United Parcel Service Class B | Reduce -1.0% | 0.07% | −0.01 |
| RTX RTX Corp. | Reduce -21.2% | 0.06% | −0.01 |
| NEE Nextera Energy Inc. | Reduce -1.4% | 0.23% | −0.01 |
| ITW Illinois Tool Works | Reduce -0.9% | 0.12% | −0.01 |
| ROK Rockwell Automation Inc. | Reduce -1.4% | 0.04% | −0.01 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -6.1% | 0.06% | −0.01 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -1.4% | 0.69% | −0.01 |
| ICE Intercontinental Exchange Inc. | Reduce -0.6% | 0.34% | −0.01 |
| GPN Global Payments Inc. | Reduce -4.3% | 0.08% | −0.01 |
| SSNC Ss&c Technologies Holdings | Reduce -3.2% | 0.09% | −0.01 |
| USB US Bancorp | Reduce -5.4% | 0.05% | −0.01 |
| SDY SS SPDR S&P Dividend ETF | Reduce -1.1% | 0.10% | −0.00 |
| ROP Roper Technologies Inc. | Reduce -1.2% | 0.06% | −0.00 |
| GD General Dynamics Corp. | Reduce -1.2% | 0.34% | −0.00 |
| SCHF Schwab Intl Equity ETF | Reduce -0.6% | 0.08% | −0.00 |
| PFG Principal Financial Group | Reduce -3.6% | 0.10% | −0.00 |
| ACIW Aci Worldwide Inc. | Reduce -2.6% | 0.08% | −0.00 |
| HD Home Depot Inc. | Reduce -2.4% | 0.57% | −0.00 |
| RPM RPM International Inc. | Reduce -1.4% | 0.06% | −0.00 |
Portfolio Buys Q4 2023 → Q1 2024
| SPY SS SPDR S&P 500 ETF Trust-US | Add +16.0% | 2.44% | +0.37 |
| POCT Innovator U.S. Equity Power | New | 0.19% | +0.19 |
| META Meta Platforms Inc. Class A | Add +0.3% | 0.68% | +0.15 |
| AMZN Amazon.com Inc. | Add +1.0% | 1.31% | +0.13 |
| IWP iShares Russell Mid-Cap Grow | New | 0.13% | +0.13 |
| IVW iShares S&P 500 Growth ETF | Add +1.1% | 2.24% | +0.10 |
| AMLP Alerian MLP ETF | Add +9.0% | 0.90% | +0.10 |
| VOO Vanguard S&P 500 ETF | Add +6.6% | 1.27% | +0.10 |
| TLH iShares 10-20 Year Treasury | Add +26.2% | 0.83% | +0.09 |
| MSFT Microsoft Corp. | Add +0.2% | 2.82% | +0.09 |
| CMG Chipotle Mexican Grill Inc. | Add +0.3% | 0.52% | +0.08 |
| IWS iShares Russell Mid-Cap Valu | New | 0.07% | +0.07 |
| BUFC AB Conservative Buffer ETF | New | 0.06% | +0.06 |
| ETN Eaton Corp. PLC | Add +3.0% | 0.30% | +0.06 |
| GE General Electric | New | 0.05% | +0.05 |
| SUB iShares Short-Term National | New | 0.05% | +0.05 |
| LLY Eli Lilly & Co. | Add +1.5% | 0.24% | +0.05 |
| SCHD Schwab US DVD Equity ETF | New | 0.05% | +0.05 |
| AVGO Broadcom Inc. | New | 0.05% | +0.05 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | New | 0.05% | +0.05 |
| VEEV Veeva Systems Inc. Class A | New | 0.05% | +0.05 |
| MAS Masco Corp. | New | 0.05% | +0.05 |
| XLE SS Energy Select Sector | New | 0.05% | +0.05 |
| IWD iShares Russell 1000 Value E | Add +8.7% | 0.55% | +0.04 |
| ALGN Align Technology Inc. | New | 0.04% | +0.04 |
| PTC PTC Inc. | New | 0.04% | +0.04 |
| XLK SS Technology Select Sector | New | 0.04% | +0.04 |
| TSCO Tractor Supply Company | New | 0.04% | +0.04 |
| ECL Ecolab Inc. | New | 0.04% | +0.04 |
| TGT Target Corp. | New | 0.04% | +0.04 |
| VEU Vanguard Ftse All-World Ex-U | Add +95.1% | 0.09% | +0.04 |
| IEMG iShares Core MSCI Emerging | Add +37.6% | 0.16% | +0.04 |
| IWF iShares Russell 1000 Growth | Add +0.2% | 1.39% | +0.04 |
| MA Mastercard Inc. Class A | Add +0.3% | 0.78% | +0.03 |
| IVV iShares Core S&P 500 ETF | Add +1.0% | 1.19% | +0.03 |
| COST Costco Wholesale Corp. | Add +0.3% | 1.11% | +0.03 |
| WMT Walmart Inc. | Add +4.5% | 0.27% | +0.03 |
| WFC Wells Fargo & Co. | Add +4.2% | 0.20% | +0.02 |
| FIS Fidelity National Info Serv | Add +1.1% | 0.15% | +0.02 |
| GSK GSK PLC-Spon ADR | Add +1.1% | 0.24% | +0.02 |
| ABBV Abbvie Inc. | Add +0.6% | 0.21% | +0.02 |
| AMAT Applied Materials Inc. | Add +6.1% | 0.08% | +0.02 |
| PG The Procter & Gamble Co. | Add +0.2% | 0.66% | +0.02 |
| BND Vanguard Total Bond Market | Add +12.9% | 0.51% | +0.01 |
| CDW CDW Corp. | Add +2.4% | 0.21% | +0.01 |
| AMD Advanced Micro Devices | Add +6.5% | 0.07% | +0.01 |
| QCOM Qualcomm Inc. | Add +6.6% | 0.08% | +0.01 |
| GS Goldman Sachs Group Inc. | Add +16.4% | 0.06% | +0.01 |
| FDX FedEx Corp. | Add +0.6% | 0.14% | +0.01 |
| ZBH Zimmer Biomet Holdings Inc. | Add +3.6% | 0.20% | +0.01 |
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 |