Nicolet Bankshares Inc.
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Nicolet Bankshares Inc. reported 208 stock positions worth $476.7 million. Its top holding was Nicolet Bankshares (NIC) at 15.4% of the portfolio, followed by SS SPDR P S&P 500 Value ETF (SPYV, 11.1%) and SS SPDR P S&P 500 Growth ETF (SPYG, 6.6%). Compared with Q1 2024, it opened 3 new positions, sold out of 11, added to 44 and reduced 122. The biggest buy was a new position in Alerian MLP ETN2044 (AMJB) and the biggest sale an exit from JPMorgan Alerian MLP Index (AMJ).
- Most Recent 13F
- Q2 2026
- Location
- GREEN BAY, WI
- CIK
- 0001174850
- Portfolio Value
- $476.7M (Q2 2024)
- SEC Filing
- 0001174850-24-000038 ↗ filed Aug 14, 2024
Holdings Value
Holdings 208 stocks · $476.7M
| NIC Nicolet Bankshares Inc. | 15.42% | 885,054 | $73.5M | Reduce -1.7% |
| SPYV SS SPDR P S&P 500 Value ETF | 11.10% | 1,085,792 | $52.9M | Reduce -1.6% |
| SPYG SS SPDR P S&P 500 Growth ETF | 6.61% | 392,994 | $31.5M | Reduce -3.6% |
| AAPL Apple Inc. | 3.23% | 73,020 | $15.4M | Reduce -1.7% |
| MSFT Microsoft Corp. | 3.00% | 31,990 | $14.3M | Reduce -1.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.50% | 21,858 | $11.9M | Reduce -2.9% |
| IVW iShares S&P 500 Growth ETF | 2.48% | 127,845 | $11.8M | Reduce -0.2% |
| NVDA Nvidia Corp. | 2.29% | 88,205 | $10.9M | Reduce -16.7% |
| VOO Vanguard S&P 500 ETF | 1.65% | 15,764 | $7.9M | Add +23.6% |
| AMLP Alerian MLP ETF | 1.50% | 149,226 | $7.2M | Add +63.8% |
| GOOG Alphabet Inc. Class C | 1.42% | 36,974 | $6.8M | Reduce -0.3% |
| AMZN Amazon.com Inc. | 1.42% | 34,967 | $6.8M | Reduce -0.3% |
| IWF iShares Russell 1000 Growth | 1.31% | 17,095 | $6.2M | Reduce -13.9% |
| COST Costco Wholesale Corp. | 1.27% | 7,139 | $6.1M | Reduce -2.2% |
| IVV iShares Core S&P 500 ETF | 1.26% | 10,984 | $6.0M | Add +0.5% |
| IVE iShares S&P 500 Value ETF | 1.26% | 33,016 | $6.0M | No change |
| AMJB Alerian MLP ETN2044 filed as JPMORGAN CHASE FINL CO LLC | 1.20% | 197,187 | $5.7M | New |
| VEA Vanguard Ftse Developed ETF | 1.18% | 113,748 | $5.6M | Reduce -2.5% |
| EFA iShares MSCI Eafe ETF | 1.13% | 68,670 | $5.4M | Add +0.2% |
| AVRE Avantis Real Estate ETF | 1.09% | 126,324 | $5.2M | Add +0.8% |
| JPM JPMorgan Chase & Co. | 1.06% | 25,061 | $5.1M | Add +0.2% |
| TLH iShares 10-20 Year Treasury | 0.88% | 40,658 | $4.2M | Add +7.0% |
| GOOGL Alphabet Inc. Class A | 0.83% | 21,644 | $3.9M | Add +0.6% |
| META Meta Platforms Inc. Class A | 0.74% | 7,034 | $3.5M | Add +3.5% |
| MA Mastercard Inc. Class A | 0.72% | 7,736 | $3.4M | Reduce -0.8% |
| PG The Procter & Gamble Co. | 0.69% | 19,901 | $3.3M | Add +1.0% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.68% | 20,173 | $3.2M | Reduce -1.6% |
| XOM Exxon Mobil Corp. | 0.62% | 25,515 | $2.9M | Reduce -1.4% |
| ADBE Adobe Inc. | 0.59% | 5,060 | $2.8M | Add +19.1% |
| CMG Chipotle Mexican Grill Inc. | 0.57% | 43,250 | $2.7M | Add +0.6% |
| ABT Abbott Laboratories | 0.56% | 25,679 | $2.7M | Reduce -7.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.53% | 6,201 | $2.5M | Reduce -0.3% |
| HD Home Depot Inc. | 0.53% | 7,295 | $2.5M | Add +1.9% |
| KO The Coca-Cola Co. | 0.53% | 39,390 | $2.5M | Add +1.4% |
| IWD iShares Russell 1000 Value E | 0.49% | 13,485 | $2.4M | Reduce -9.3% |
| MCD McDonald's Corp. | 0.46% | 8,575 | $2.2M | Reduce -0.2% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.45% | 8,675 | $2.2M | Reduce -1.4% |
| CRM Salesforce Inc. | 0.45% | 8,252 | $2.1M | Reduce -3.3% |
| IWM iShares Russell 2000 ETF | 0.44% | 10,338 | $2.1M | No change |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.43% | 5,439 | $2.0M | No change |
| PANW Palo Alto Networks Inc. | 0.43% | 5,983 | $2.0M | Add +1.3% |
| VTI VG Morningstar TS MKT ETF-US | 0.41% | 7,230 | $1.9M | Reduce -1.0% |
| ADI Analog Devices Inc. | 0.40% | 8,319 | $1.9M | Reduce -2.7% |
| BND Vanguard Total Bond Market | 0.38% | 25,260 | $1.8M | Reduce -24.9% |
| ORCL Oracle Corp. | 0.38% | 12,795 | $1.8M | Add +37.8% |
| CVX Chevron Corp. | 0.36% | 11,030 | $1.7M | Reduce -0.6% |
| WEC WEC Energy Group Inc. | 0.36% | 21,839 | $1.7M | Reduce -0.5% |
| HON Honeywell International Inc. | 0.36% | 7,965 | $1.7M | Reduce -2.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.35% | 9,542 | $1.7M | Add +0.2% |
| GD General Dynamics Corp. | 0.34% | 5,628 | $1.6M | Reduce -3.9% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.34% | 14,585 | $1.6M | Add +0.5% |
| SNDR Schneider National Inc. Class B | 0.33% | 66,000 | $1.6M | No change |
| VGLT Vanguard Long-Term Treasury | 0.33% | 27,145 | $1.6M | Reduce -19.7% |
| ICE Intercontinental Exchange Inc. | 0.31% | 10,953 | $1.5M | Reduce -8.0% |
| INTU Intuit Inc. | 0.31% | 2,277 | $1.5M | Reduce -0.9% |
| DHR Danaher Corp. | 0.31% | 5,981 | $1.5M | Reduce -2.5% |
| QQQ Invesco QQQ Trust Series 1 | 0.31% | 3,039 | $1.5M | Add +1.3% |
| WMT Walmart Inc. | 0.30% | 21,277 | $1.4M | Reduce -2.1% |
| ETN Eaton Corp. PLC | 0.30% | 4,563 | $1.4M | Reduce -0.5% |
| AON Aon PLC Class A | 0.30% | 4,867 | $1.4M | No change |
| MDLZ Mondelez International Inc. Class A | 0.30% | 21,566 | $1.4M | Reduce -6.3% |
| DE Deere & Co. | 0.29% | 3,658 | $1.4M | Reduce -24.6% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.28% | 1,469 | $1.3M | Reduce -4.7% |
| UNH Unitedhealth Group Inc. | 0.28% | 2,588 | $1.3M | Reduce -4.7% |
| PEP Pepsico Inc. | 0.28% | 7,979 | $1.3M | Reduce -6.9% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.27% | 8,710 | $1.3M | Reduce -1.2% |
| LLY Eli Lilly & Co. | 0.27% | 1,441 | $1.3M | Reduce -2.4% |
| JNJ Johnson & Johnson | 0.27% | 8,866 | $1.3M | Add +2.7% |
| NEE Nextera Energy Inc. | 0.26% | 17,369 | $1.2M | Reduce -1.6% |
| TFC Truist Financial Corp. | 0.26% | 31,539 | $1.2M | Reduce -0.9% |
| NSC Norfolk Southern Corp. | 0.25% | 5,648 | $1.2M | Add +7.4% |
| VXUS Vanguard Total Intl Stock | 0.25% | 20,020 | $1.2M | No change |
| AMT American Tower Corp. | 0.25% | 6,190 | $1.2M | Reduce -2.4% |
| V Visa Inc. Class A | 0.25% | 4,579 | $1.2M | Reduce -3.5% |
| CSCO Cisco Systems Inc. | 0.25% | 24,634 | $1.2M | Reduce -1.0% |
| TMO Thermo Fisher Scientific Inc. | 0.24% | 2,031 | $1.1M | Reduce -3.7% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.24% | 23,775 | $1.1M | Add +0.3% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.23% | 4,590 | $1.1M | Reduce -1.6% |
| LOW Lowe's Cos Inc. | 0.23% | 5,006 | $1.1M | Reduce -0.4% |
| PFE Pfizer Inc. | 0.23% | 39,256 | $1.1M | Reduce -5.1% |
| CAT Caterpillar Inc. | 0.23% | 3,284 | $1.1M | No change |
| SCHW Schwab (charles) Corp. | 0.23% | 14,788 | $1.1M | Reduce -2.8% |
| IWB iShares Russell 1000 ETF | 0.22% | 3,597 | $1.1M | No change |
| LRCX Lam Research Corp. | 0.22% | 1,000 | $1.1M | No change |
| BX Blackstone Inc. | 0.22% | 8,566 | $1.1M | Reduce -1.6% |
| MUB iShares National Muni Bond E | 0.21% | 9,456 | $1.0M | Reduce -31.7% |
| GSK GSK PLC-Spon ADR | 0.21% | 26,132 | $1.0M | Reduce -3.6% |
| CVS CVS Health Corp. | 0.21% | 16,980 | $1.0M | Add +7.5% |
| VOOG Vanguard S&P 500 Growth ETF | 0.20% | 2,902 | $968K | No change |
| WFC Wells Fargo & Co. | 0.20% | 15,961 | $948K | Reduce -3.7% |
| FISV Fiserv Inc. | 0.20% | 6,359 | $948K | Reduce -3.5% |
| MRSH Marsh & McLennan Cos | 0.20% | 4,428 | $933K | Add +13.1% |
| ABBV Abbvie Inc. | 0.19% | 5,372 | $921K | Reduce -1.2% |
| CMCSA Comcast Corp. Class A | 0.19% | 22,921 | $898K | Reduce -15.8% |
| BMY Bristol-Myers Squibb Co. | 0.19% | 21,552 | $895K | Reduce -6.0% |
| COR Cencora Inc. | 0.19% | 3,956 | $891K | Reduce -3.7% |
| BA The Boeing Co. | 0.18% | 4,755 | $865K | Add +9.1% |
| CDW CDW Corp. | 0.18% | 3,866 | $865K | Reduce -2.7% |
| EOG EOG Resources Inc. | 0.18% | 6,870 | $865K | Reduce -10.9% |
| NKE Nike Inc. Class B | 0.18% | 11,182 | $843K | Add +0.3% |
Portfolio Sells Q1 2024 → Q2 2024
| AMJ JPMorgan Alerian MLP Index | Sold out | 0.00% | −1.74 |
| NIC Nicolet Bankshares Inc. | Reduce -1.7% | 15.42% | −0.65 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -1.6% | 11.10% | −0.36 |
| RSP Invesco S&P 500 Equal Weight | Reduce -72.3% | 0.09% | −0.25 |
| DE Deere & Co. | Reduce -24.6% | 0.29% | −0.13 |
| BND Vanguard Total Bond Market | Reduce -24.9% | 0.38% | −0.13 |
| MUB iShares National Muni Bond E | Reduce -31.7% | 0.21% | −0.10 |
| ABT Abbott Laboratories | Reduce -7.0% | 0.56% | −0.09 |
| CRM Salesforce Inc. | Reduce -3.3% | 0.45% | −0.09 |
| VGLT Vanguard Long-Term Treasury | Reduce -19.7% | 0.33% | −0.09 |
| IWF iShares Russell 1000 Growth | Reduce -13.9% | 1.31% | −0.08 |
| BMY Bristol-Myers Squibb Co. | Reduce -6.0% | 0.19% | −0.07 |
| MA Mastercard Inc. Class A | Reduce -0.8% | 0.72% | −0.06 |
| BIIB Biogen Inc. | Reduce -49.6% | 0.08% | −0.06 |
| BUFC AB Conservative Buffer ETF | Sold out | 0.00% | −0.06 |
| IWD iShares Russell 1000 Value E | Reduce -9.3% | 0.49% | −0.06 |
| CMCSA Comcast Corp. Class A | Reduce -15.8% | 0.19% | −0.06 |
| NUE Nucor Corp. | Sold out | 0.00% | −0.05 |
| IJS iShares S&P Small-Cap 600 Va | Sold out | 0.00% | −0.05 |
| GWW WW Grainger Inc. | Reduce -4.7% | 0.28% | −0.05 |
| SCHD Schwab US DVD Equity ETF | Sold out | 0.00% | −0.05 |
| USB US Bancorp | Sold out | 0.00% | −0.05 |
| VEEV Veeva Systems Inc. Class A | Sold out | 0.00% | −0.05 |
| FDX FedEx Corp. | Reduce -34.9% | 0.10% | −0.05 |
| MCD McDonald's Corp. | Reduce -0.2% | 0.46% | −0.04 |
| ALGN Align Technology Inc. | Sold out | 0.00% | −0.04 |
| PTC PTC Inc. | Sold out | 0.00% | −0.04 |
| ROK Rockwell Automation Inc. | Sold out | 0.00% | −0.04 |
| ZBH Zimmer Biomet Holdings Inc. | Reduce -5.5% | 0.15% | −0.04 |
| ECL Ecolab Inc. | Sold out | 0.00% | −0.04 |
| DIS The Walt Disney Co. | Reduce -2.1% | 0.17% | −0.04 |
| MDLZ Mondelez International Inc. Class A | Reduce -6.3% | 0.30% | −0.04 |
| HAL Halliburton Co. | Reduce -13.6% | 0.11% | −0.04 |
| VEA Vanguard Ftse Developed ETF | Reduce -2.5% | 1.18% | −0.04 |
| PEP Pepsico Inc. | Reduce -6.9% | 0.28% | −0.04 |
| LOW Lowe's Cos Inc. | Reduce -0.4% | 0.23% | −0.03 |
| INTC Intel Corp. | Reduce -2.8% | 0.07% | −0.03 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -37.8% | 0.05% | −0.03 |
| GSK GSK PLC-Spon ADR | Reduce -3.6% | 0.21% | −0.03 |
| CDW CDW Corp. | Reduce -2.7% | 0.18% | −0.03 |
| ICE Intercontinental Exchange Inc. | Reduce -8.0% | 0.31% | −0.02 |
| SBUX Starbucks Corp. | Reduce -18.3% | 0.06% | −0.02 |
| GPN Global Payments Inc. | Reduce -4.5% | 0.05% | −0.02 |
| EOG EOG Resources Inc. | Reduce -10.9% | 0.18% | −0.02 |
| VZ Verizon Communications Inc. | Reduce -33.1% | 0.05% | −0.02 |
| V Visa Inc. Class A | Reduce -3.5% | 0.25% | −0.02 |
| COR Cencora Inc. | Reduce -3.7% | 0.19% | −0.02 |
| FISV Fiserv Inc. | Reduce -3.5% | 0.20% | −0.02 |
| TMO Thermo Fisher Scientific Inc. | Reduce -3.7% | 0.24% | −0.02 |
| ITW Illinois Tool Works | Reduce -2.7% | 0.11% | −0.02 |
Portfolio Buys Q1 2024 → Q2 2024
| AMJB Alerian MLP ETN2044 | New | 1.20% | +1.20 |
| AMLP Alerian MLP ETF | Add +63.8% | 1.50% | +0.61 |
| VOO Vanguard S&P 500 ETF | Add +23.6% | 1.65% | +0.38 |
| GOOGL Alphabet Inc. Class A | Add +0.6% | 0.83% | +0.15 |
| ADBE Adobe Inc. | Add +19.1% | 0.59% | +0.14 |
| ORCL Oracle Corp. | Add +37.8% | 0.38% | +0.14 |
| PYPL PayPal Holdings Inc. | New | 0.08% | +0.08 |
| PANW Palo Alto Networks Inc. | Add +1.3% | 0.43% | +0.08 |
| IVV iShares Core S&P 500 ETF | Add +0.5% | 1.26% | +0.07 |
| META Meta Platforms Inc. Class A | Add +3.5% | 0.74% | +0.06 |
| CMG Chipotle Mexican Grill Inc. | Add +0.6% | 0.57% | +0.05 |
| TLH iShares 10-20 Year Treasury | Add +7.0% | 0.88% | +0.05 |
| SPGI S&P Global Inc. | New | 0.04% | +0.04 |
| KO The Coca-Cola Co. | Add +1.4% | 0.53% | +0.03 |
| TJX TJX Companies Inc. | Add +0.5% | 0.34% | +0.03 |
| QQQ Invesco QQQ Trust Series 1 | Add +1.3% | 0.31% | +0.03 |
| MRSH Marsh & McLennan Cos | Add +13.1% | 0.20% | +0.03 |
| PG The Procter & Gamble Co. | Add +1.0% | 0.69% | +0.03 |
| JPM JPMorgan Chase & Co. | Add +0.2% | 1.06% | +0.02 |
| T AT&T Inc. | Add +7.9% | 0.12% | +0.02 |
| MO Altria Group Inc. | Add +18.9% | 0.06% | +0.01 |
| IEMG iShares Core MSCI Emerging | Add +1.5% | 0.17% | +0.01 |
| DD Dupont DE Nemours Inc. | Add +0.8% | 0.16% | +0.01 |
| NFLX Netflix Inc. | Add +0.9% | 0.08% | +0.01 |
| AMGN Amgen Inc. | Add +0.4% | 0.09% | +0.01 |
| MCHP Microchip Technology Inc. | Add +4.4% | 0.12% | +0.01 |
| FCX Freeport-McMoran Inc. | Add +1.2% | 0.13% | +0.01 |
| BA The Boeing Co. | Add +9.1% | 0.18% | +0.01 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +7.7% | 0.05% | +0.01 |
| BBWI Bath & Body Works Inc. | Add +30.7% | 0.13% | +0.00 |
| TGT Target Corp. | Add +26.9% | 0.04% | +0.00 |
| XLE SS Energy Select Sector | Add +4.3% | 0.05% | +0.00 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +4.3% | 0.10% | +0.00 |
| MAS Masco Corp. | Add +16.2% | 0.05% | −0.00 |
| IJH iShares Core S&P Midcap ETF | Add +2.1% | 0.13% | −0.00 |
| BLK BlackRock Finance Inc. | Add +2.1% | 0.13% | −0.00 |
| AOS Smith (a.o.) Corp. | Add +1.0% | 0.07% | −0.00 |
| AVRE Avantis Real Estate ETF | Add +0.8% | 1.09% | −0.01 |
| EFA iShares MSCI Eafe ETF | Add +0.2% | 1.13% | −0.01 |
| JNJ Johnson & Johnson | Add +2.7% | 0.27% | −0.01 |
| NSC Norfolk Southern Corp. | Add +7.4% | 0.25% | −0.02 |
| IBM Intl Business Machines Corp. | Add +0.2% | 0.35% | −0.03 |
| SLB SLB Ltd. | Add +0.3% | 0.24% | −0.03 |
| NKE Nike Inc. Class B | Add +0.3% | 0.18% | −0.04 |
| HD Home Depot Inc. | Add +1.9% | 0.53% | −0.04 |
| EL Estee Lauder Companies Class A | Add +1.3% | 0.10% | −0.04 |
| CVS CVS Health Corp. | Add +7.5% | 0.21% | −0.05 |
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 |