Nicolet Bankshares Inc.

Name: NICOLET BANKSHARES INC 13F holdings, Q4 2025
Creator: NICOLET BANKSHARES INC
Published: 2026-02-09

Q2 2026Q1 2026Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 9, 2026), Nicolet Bankshares Inc. reported 226 stock positions worth $624.0 million. Its top holding was Nicolet Bankshares (NIC) at 17.2% of the portfolio, followed by Ste STR SPDR PT S&P 500 ETF (SPYM, 6.4%) and SS SPDR P S&P 500 Value ETF (SPYV, 6.4%). Compared with Q3 2025, it opened 21 new positions, sold out of 13, added to 71 and reduced 98. The biggest buy was a new position in Ste STR SPDR PT S&P 500 ETF (SPYM) and the biggest sale SS SPDR P S&P 500 Value ETF (SPYV, shares −33%).

Most Recent 13F: Q2 2026
Location: GREEN BAY, WI
CIK: 0001174850
Portfolio Value: $624.0M (Q4 2025)
SEC Filing: 0001174850-26-000041 ↗ filed Feb 9, 2026

Holdings Value

Holdings 226 stocks · $624.0M


NIC Nicolet Bankshares Inc.	17.17%	883,159	$107.1M	Reduce -0.4%
SPYM Ste STR SPDR PT S&P 500 ETF	6.44%	500,712	$40.2M	New
SPYV SS SPDR P S&P 500 Value ETF	6.44%	706,930	$40.2M	Reduce -33.2%
VOO Vanguard S&P 500 ETF	4.93%	49,029	$30.7M	Add +14.3%
SPYG SS SPDR P S&P 500 Growth ETF	3.82%	223,453	$23.8M	Reduce -42.6%
AVEM Avantis Emerging Markets Eq	2.84%	230,389	$17.7M	Add +14.2%
AAPL Apple Inc.	2.59%	59,427	$16.2M	Reduce -10.7%
SPY SS SPDR S&P 500 ETF Trust-US	2.19%	19,996	$13.6M	Reduce -0.7%
IVW iShares S&P 500 Growth ETF	2.10%	106,070	$13.1M	Reduce -1.4%
MSFT Microsoft Corp.	2.04%	26,263	$12.7M	Reduce -13.3%
VEA Vanguard Ftse Developed ETF	1.98%	197,735	$12.4M	Add +24.8%
NVDA Nvidia Corp.	1.81%	60,623	$11.3M	Reduce -20.2%
IVV iShares Core S&P 500 ETF	1.71%	15,595	$10.7M	Add +6.9%
VONE Vanguard Russell 1000	1.58%	31,891	$9.9M	New
AVRE Avantis Real Estate ETF	1.33%	190,247	$8.3M	Add +3.0%
GOOGL Alphabet Inc. Class A	1.20%	23,915	$7.5M	Add +12.2%
AMZN Amazon.com Inc.	1.01%	27,408	$6.3M	Reduce -20.0%
JPM JPMorgan Chase & Co.	1.01%	19,500	$6.3M	Reduce -18.3%
EFA iShares MSCI Eafe ETF	0.98%	63,912	$6.1M	Reduce -5.0%
VTI VG Morningstar TS MKT ETF-US	0.96%	17,818	$6.0M	Add +20.9%
AMLP Alerian MLP ETF	0.94%	125,324	$5.9M	Reduce -4.3%
GOOG Alphabet Inc. Class C	0.93%	18,584	$5.8M	Reduce -34.8%
IWF iShares Russell 1000 Growth	0.91%	12,016	$5.7M	Reduce -18.6%
IVE iShares S&P 500 Value ETF	0.91%	26,794	$5.7M	No change
AMJB Alerian MLP ETN2044 filed as JPMORGAN CHASE FINL CO LLC	0.69%	143,292	$4.3M	Reduce -26.5%
COST Costco Wholesale Corp.	0.68%	4,924	$4.2M	Reduce -23.3%
META Meta Platforms Inc. Class A	0.67%	6,293	$4.2M	Reduce -6.6%
VTV Vanguard Mrngstr Val ETF-Aui	0.60%	19,454	$3.7M	Add +1.1%
VO Vngrd Mrngstr MD-Cap ETF-Usd	0.54%	11,692	$3.4M	Add +83.2%
CWI State Street SPDR MSCI Acwi	0.53%	92,071	$3.3M	Add +92.1%
MA Mastercard Inc. Class A	0.49%	5,385	$3.1M	Reduce -19.7%
XOM Exxon Mobil Corp.	0.47%	24,462	$2.9M	Reduce -7.1%
DFAC Dimensional US Core Equity 2	0.46%	71,746	$2.8M	Add +90.1%
VUG Vanguard Mrngstar GR ETF-Sui	0.45%	5,794	$2.8M	Add +15.6%
VOE Vngrd Mrngstr MD-Cap Val ETF	0.45%	15,790	$2.8M	Add +26.5%
BRK.B Berkshire Hathaway Inc. Class B	0.44%	5,457	$2.7M	Reduce -5.2%
IWD iShares Russell 1000 Value E	0.41%	12,122	$2.5M	Reduce -0.8%
ABT Abbott Laboratories	0.40%	20,059	$2.5M	Reduce -19.1%
CAT Caterpillar Inc.	0.40%	4,370	$2.5M	Add +1.2%
PG The Procter & Gamble Co.	0.39%	16,916	$2.4M	Reduce -13.0%
VV Vngrd Mrgstr LRG-Cap ETF-Usd	0.38%	7,527	$2.4M	Reduce -4.3%
VXUS Vanguard Total Intl Stock	0.38%	31,064	$2.3M	Add +16.4%
IWM iShares Russell 2000 ETF	0.38%	9,510	$2.3M	Reduce -5.1%
JNJ Johnson & Johnson	0.37%	11,283	$2.3M	Reduce -1.5%
HD Home Depot Inc.	0.36%	6,565	$2.3M	Reduce -9.1%
KO The Coca-Cola Co.	0.36%	32,112	$2.2M	Reduce -11.9%
IJH iShares Core S&P Midcap ETF	0.35%	33,399	$2.2M	Add +28.9%
WMT Walmart Inc.	0.34%	19,231	$2.1M	Reduce -22.6%
ORCL Oracle Corp.	0.33%	10,713	$2.1M	Reduce -13.6%
TJX TJX Companies Inc. filed as TJX COS INC NEW	0.32%	13,022	$2.0M	Reduce -13.6%
QQQ Invesco QQQ Trust Series 1	0.31%	3,176	$2.0M	Add +3.3%
MCD McDonald's Corp.	0.30%	6,092	$1.9M	Reduce -20.5%
ETN Eaton Corp. PLC	0.29%	5,763	$1.8M	Reduce -6.4%
WEC WEC Energy Group Inc.	0.28%	16,674	$1.8M	Reduce -13.8%
RTX RTX Corp.	0.27%	9,309	$1.7M	Add +6.3%
ADI Analog Devices Inc.	0.27%	6,275	$1.7M	Reduce -16.7%
BND Vanguard Total Bond Market	0.27%	22,937	$1.7M	Add +7.1%
DE Deere & Co.	0.27%	3,601	$1.7M	Add +0.2%
VB Vanguard Most SM-Cap ETF-Usd	0.27%	6,498	$1.7M	Add +29.1%
SNDR Schneider National Inc. Class B	0.27%	62,949	$1.7M	No change
WFC Wells Fargo & Co.	0.27%	17,880	$1.7M	Add +13.8%
AVGO Broadcom Inc.	0.27%	4,789	$1.7M	Reduce -3.2%
PANW Palo Alto Networks Inc.	0.26%	8,910	$1.6M	Reduce -18.8%
CVX Chevron Corp.	0.26%	10,746	$1.6M	Reduce -4.8%
LRCX Lam Research Corp.	0.25%	9,265	$1.6M	Reduce -5.1%
AMD Advanced Micro Devices	0.25%	7,246	$1.6M	Reduce -0.1%
GD General Dynamics Corp.	0.25%	4,570	$1.5M	Reduce -23.7%
INTU Intuit Inc.	0.24%	2,294	$1.5M	Add +20.6%
CSCO Cisco Systems Inc.	0.24%	19,546	$1.5M	Reduce -21.4%
SPTM SS SPDR P S&P 1500 Comp ETF	0.23%	17,456	$1.4M	Reduce -9.8%
CRM Salesforce Inc.	0.23%	5,412	$1.4M	Reduce -27.8%
LLY Eli Lilly & Co.	0.23%	1,316	$1.4M	Reduce -4.5%
UITB Victoryshares Core Intermedi	0.22%	29,476	$1.4M	Add +128.5%
VGT Vanguard Info Tech ETF	0.22%	1,849	$1.4M	Add +178.5%
ABBV Abbvie Inc.	0.21%	5,869	$1.3M	Add +2.8%
V Visa Inc. Class A	0.21%	3,754	$1.3M	Add +0.5%
COR Cencora Inc.	0.21%	3,821	$1.3M	Reduce -22.5%
AGG iShares Core U.S. Aggregate	0.20%	12,671	$1.3M	Add +33.5%
SCHW Schwab (charles) Corp.	0.20%	12,658	$1.3M	Reduce -12.3%
VOOG Vanguard S&P 500 Growth ETF	0.20%	2,841	$1.3M	No change
NSC Norfolk Southern Corp.	0.20%	4,322	$1.2M	Reduce -30.9%
LOW Lowe's Cos Inc.	0.20%	5,167	$1.2M	Add +0.8%
VXF Vanguard Extended Market ETF	0.19%	5,804	$1.2M	Add +57.1%
YLD Principal Act Hi YLD ETF	0.19%	63,107	$1.2M	Add +13.5%
GUNR NT Mstar GLBL NR ETF	0.19%	25,409	$1.2M	Reduce -9.2%
PFE Pfizer Inc.	0.19%	46,404	$1.2M	Add +2.2%
ADBE Adobe Inc.	0.18%	3,272	$1.1M	Reduce -33.6%
IWB iShares Russell 1000 ETF	0.18%	3,025	$1.1M	Reduce -1.1%
NEE Nextera Energy Inc.	0.18%	13,947	$1.1M	Reduce -16.8%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.18%	3,725	$1.1M	Reduce -0.2%
BFC Bank First Corp.	0.17%	8,914	$1.1M	No change
EMR Emerson Electric Co.	0.17%	8,019	$1.1M	Add +185.0%
PEP Pepsico Inc.	0.17%	7,366	$1.1M	Add +0.1%
IWS iShares Russell Mid-Cap Valu	0.16%	7,292	$1.0M	No change
DHR Danaher Corp.	0.16%	4,351	$996K	Reduce -11.6%
TMO Thermo Fisher Scientific Inc.	0.16%	1,713	$993K	Add +2.1%
GS Goldman Sachs Group Inc.	0.16%	1,122	$986K	Add +17.4%
ICE Intercontinental Exchange Inc.	0.16%	6,037	$978K	Reduce -20.6%
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.16%	8,565	$974K	Reduce -17.4%
AVDE Avantis International Equity	0.16%	11,765	$968K	New
NFLX Netflix Inc.	0.15%	10,310	$967K	Add +1.5%
BMY Bristol-Myers Squibb Co.	0.15%	17,463	$942K	Add +6.7%
IWP iShares Russell Mid-Cap Grow	0.15%	6,748	$924K	Add +11.4%
BA The Boeing Co.	0.15%	4,217	$916K	Add +3.5%
GSK GSK PLC-Spon ADR	0.15%	18,645	$914K	Reduce -28.9%
BX Blackstone Inc.	0.15%	5,895	$909K	Reduce -25.5%
JMBS Janus Henderson Mortg Backed	0.15%	19,815	$905K	Add +43.4%
PM Philip Morris International	0.14%	5,600	$898K	Add +1.4%
RSP Invesco S&P 500 Equal Weight	0.14%	4,610	$883K	Add +4.2%
VOT Vngrd Mrngstr MC GRW ETF-Usd	0.14%	3,157	$881K	Add +211.7%
HON Honeywell International Inc.	0.14%	4,459	$870K	Reduce -44.5%
IEMG iShares Core MSCI Emerging	0.14%	12,861	$865K	Reduce -0.9%
VWO Vanguard Ftse Emerging Marke	0.14%	15,950	$857K	Add +9.1%
VEU Vanguard Ftse All-World Ex-U	0.14%	11,533	$848K	Add +5.8%
VGSH Vanguard Short-Term Treasury	0.14%	14,445	$848K	Add +18.4%
VHT Vanguard Health Care ETF	0.13%	2,832	$815K	No change
UNH Unitedhealth Group Inc.	0.13%	2,454	$810K	Reduce -4.1%
MDLZ Mondelez International Inc. Class A	0.13%	14,672	$790K	Reduce -34.0%
IJR iShares Core S&P Small-Cap E	0.12%	6,368	$765K	Add +13.5%
C Citigroup Inc.	0.12%	6,462	$754K	Add +7.9%
IWR iShares Russell Mid-Cap ETF	0.12%	7,818	$753K	Add +38.5%
MDY State Street SPDR S&P Midcap	0.12%	1,235	$745K	Reduce -0.5%
CVS CVS Health Corp.	0.12%	9,376	$744K	Reduce -19.2%
UNP Union Pacific Corp.	0.12%	3,211	$743K	Reduce -7.8%
APH Amphenol Corp. Class A	0.12%	5,444	$736K	Reduce -5.2%
CMG Chipotle Mexican Grill Inc.	0.12%	19,662	$727K	Reduce -37.9%
BOND PIMCO Active Bond Exchange-T	0.12%	7,769	$723K	Add +73.3%
ACN Accenture PLC Class A	0.11%	2,663	$714K	Reduce -2.3%
AMT American Tower Corp.	0.11%	4,026	$707K	Reduce -31.6%
YUM Yum! Brands Inc.	0.11%	4,590	$694K	Add +47.0%
MRK Merck & Co. Inc.	0.11%	6,564	$691K	Add +0.5%
EOG EOG Resources Inc.	0.10%	6,199	$651K	Reduce -14.0%
IGF iShares Global Infrastructur	0.10%	10,545	$647K	Add +0.7%
GE General Electric filed as GE AEROSPACE	0.10%	2,084	$642K	Add +27.4%
FCX Freeport-McMoran Inc.	0.09%	11,660	$592K	Reduce -17.6%
MUB iShares National Muni Bond E	0.09%	5,527	$592K	No change
EVRG Evergy Inc.	0.09%	8,000	$580K	No change
FIS Fidelity National Info Serv	0.09%	8,681	$577K	Reduce -0.7%
DFUS Dimensional US Eq MKT ETF	0.09%	7,736	$574K	No change
ORLY O'reilly Automotive Inc.	0.09%	6,180	$564K	No change
KKR KKR & Co. Inc.	0.09%	4,356	$555K	Add +32.5%
CATH Global X S&P 500 Ca Val ETF	0.09%	6,668	$548K	No change
JPST JPMorgan Ultra-Short Income	0.09%	10,730	$543K	Add +149.4%
SLB SLB Ltd. filed as SLB LIMITED	0.08%	13,594	$522K	Reduce -29.0%
NKE Nike Inc. Class B	0.08%	8,127	$518K	Reduce -16.3%
GWW WW Grainger Inc.	0.08%	498	$503K	Reduce -38.1%
XLK SS Technology Select Sector	0.08%	3,480	$501K	Add +12.6%
ITW Illinois Tool Works	0.08%	2,017	$497K	No change
SCHE Schwab Emrg Mrkts Eqty ETF	0.08%	15,092	$494K	No change
JEPI JPMorgan Equity Premium Inco	0.08%	8,631	$494K	New
AMGN Amgen Inc.	0.08%	1,479	$484K	Add +4.9%
GLD SPDR Gold Shares	0.08%	1,218	$483K	Add +1.7%
TPR Tapestry Inc.	0.08%	3,750	$479K	Add +1.1%
BDX Becton Dickinson and Co.	0.08%	2,419	$469K	Reduce -18.5%
XLU St Sr Utl SL SE SPDR ETF-Usd	0.08%	10,972	$468K	Add +13.7%
LMT Lockheed Martin Corp.	0.07%	963	$466K	No change
MRSH Marsh & McLennan Cos	0.07%	2,474	$459K	Reduce -31.4%
AFL Aflac Inc.	0.07%	4,087	$451K	No change
CSX CSX Corp.	0.07%	12,394	$449K	No change
DLN Wisdomtree US Largecap Divid	0.07%	5,084	$448K	No change
COP Conocophillips	0.07%	4,655	$436K	Add +9.7%
VTWO Vanguard Russell 2000 ETF	0.07%	4,364	$434K	New
NOW ServiceNow Inc.	0.07%	2,714	$416K	Reduce -31.6%
IWN iShares Russell 2000 Value E	0.07%	2,289	$415K	Reduce -8.8%
INTC Intel Corp.	0.07%	11,107	$410K	No change
CPRT Copart Inc.	0.07%	10,442	$409K	Add +7.4%
PYPL PayPal Holdings Inc.	0.07%	6,947	$406K	Reduce -32.9%
CMCSA Comcast Corp. Class A	0.06%	13,481	$403K	Reduce -49.8%
MDT Medtronic PLC	0.06%	4,082	$392K	New
EPD Enterprise Products Partners	0.06%	12,025	$386K	New
OVL Overlay Shares Large Cap Eq	0.06%	7,200	$383K	Add +62.7%
BIIB Biogen Inc.	0.06%	2,169	$382K	Reduce -22.3%
SDY SS SPDR S&P Dividend ETF	0.06%	2,655	$369K	Reduce -0.7%
BLK BlackRock Inc.	0.06%	345	$369K	Reduce -40.5%
LIN Linde PLC	0.06%	849	$362K	Reduce -14.8%
FDX FedEx Corp.	0.06%	1,230	$355K	Reduce -35.8%
SSNC Ss&c Technologies Holdings	0.06%	4,063	$355K	No change
DVY iShares Select Dividend ETF	0.06%	2,475	$349K	No change
QCOM Qualcomm Inc.	0.06%	2,016	$345K	Reduce -22.2%
EDV Vanguard Extended Dur Treas	0.05%	5,232	$340K	New
SCHF Schwab Intl Equity ETF	0.05%	13,576	$326K	No change
IEFA iShares Core MSCI Eafe ETF	0.05%	3,634	$325K	Add +14.3%
MBB iShares MBS ETF	0.05%	3,285	$313K	New
TSLA Tesla Inc.	0.05%	693	$312K	Add +33.5%
ICF iShares Select U.S. REIT ETF	0.05%	4,942	$295K	Reduce -26.0%
MCHP Microchip Technology Inc.	0.05%	4,488	$286K	Reduce -4.3%
VRTX Vertex Pharmaceuticals Inc.	0.04%	617	$280K	No change
KMB Kimberly-Clark Corp.	0.04%	2,748	$277K	No change
ZBH Zimmer Biomet Holdings Inc.	0.04%	3,054	$275K	Reduce -41.9%
EFX Equifax Inc.	0.04%	1,260	$273K	No change
FISV Fiserv Inc.	0.04%	3,885	$261K	Reduce -23.5%
IEI iShares 3-7 Year Treasury Bo	0.04%	2,186	$261K	New
AOS Smith (a.o.) Corp.	0.04%	3,900	$261K	No change
MO Altria Group Inc.	0.04%	4,516	$260K	Add +1.1%
SPGI S&P Global Inc.	0.04%	495	$259K	No change
ACIW Aci Worldwide Inc.	0.04%	5,387	$258K	No change
PSX Phillips 66	0.04%	1,971	$254K	No change
PFG Principal Financial Group	0.04%	2,845	$251K	No change
CRWD CrowdStrike Holdings Inc. Class A	0.04%	531	$249K	New
WH Wyndham Hotels & Resorts Inc.	0.04%	3,265	$247K	No change
RSPT Invesco S&P 500 Equal Weight	0.04%	5,400	$246K	New
VCSH Vanguard S/T Corp. Bond ETF	0.04%	3,080	$246K	No change
AWK American Water Works Co. Inc.	0.04%	1,875	$245K	No change
DD Dupont DE Nemours Inc.	0.04%	6,023	$242K	Reduce -22.0%
APD Air Products & Chemicals Inc.	0.04%	970	$240K	Add +12.9%
SBUX Starbucks Corp.	0.04%	2,842	$239K	Reduce -22.0%
SCZ iShares MSCI Eafe Small-Cap	0.04%	3,083	$239K	Add +6.7%
SYK Stryker Corp.	0.04%	668	$235K	Reduce -3.6%
XLE SS Energy Select Sector	0.04%	5,210	$233K	No change
AMG Affiliated Managers Group	0.04%	803	$231K	New
AMAT Applied Materials Inc.	0.04%	900	$231K	Reduce -50.0%
EFV iShares MSCI Eafe Value ETF	0.04%	3,238	$231K	No change
SPDW Ste STR SPDR PT DW Eu ETF	0.04%	5,178	$230K	No change
TLH iShares 10-20 Year Treasury	0.04%	2,259	$230K	Reduce -33.3%
MMM 3M Co.	0.04%	1,418	$227K	New
DTE DTE Energy Company	0.04%	1,750	$226K	New
GEV GE Vernova Inc.	0.04%	335	$219K	Add +1.2%
XLI SS Industrial Select Sector	0.03%	1,400	$217K	New
ASML ASML Holding NV-NY Reg SHS	0.03%	199	$213K	Reduce -9.1%
GLW Corning Inc.	0.03%	2,425	$212K	New
TPLC Timothy PLN US LRG/Mid Cap	0.03%	4,544	$207K	No change
CB Chubb Ltd.	0.03%	649	$203K	New
GILD Gilead Sciences Inc.	0.03%	1,650	$203K	New
PH Parker Hannifin Corp.	0.03%	230	$202K	New
AMP Ameriprise Financial Inc.	0.03%	410	$201K	New
LHX L3HARRIS Technologies Inc.	0.03%	684	$201K	Reduce -1.4%

Portfolio Sells Q3 2025 → Q4 2025


SPYV SS SPDR P S&P 500 Value ETF	Reduce -33.2%	6.44%	−2.98
SPYG SS SPDR P S&P 500 Growth ETF	Reduce -42.6%	3.82%	−2.71
NIC Nicolet Bankshares Inc.	Reduce -0.4%	17.17%	−2.00
MSFT Microsoft Corp.	Reduce -13.3%	2.04%	−0.49
NVDA Nvidia Corp.	Reduce -20.2%	1.81%	−0.46
COST Costco Wholesale Corp.	Reduce -23.3%	0.68%	−0.27
AMJB Alerian MLP ETN2044	Reduce -26.5%	0.69%	−0.24
ORCL Oracle Corp.	Reduce -13.6%	0.33%	−0.23
IBIT iShares Bitcoin Trust ETF	Sold out	0.00%	−0.21
JPM JPMorgan Chase & Co.	Reduce -18.3%	1.01%	−0.20
IWF iShares Russell 1000 Growth	Reduce -18.6%	0.91%	−0.20
AMZN Amazon.com Inc.	Reduce -20.0%	1.01%	−0.20
GOOG Alphabet Inc. Class C	Reduce -34.8%	0.93%	−0.18
AAPL Apple Inc.	Reduce -10.7%	2.59%	−0.13
HON Honeywell International Inc.	Reduce -44.5%	0.14%	−0.13
ABT Abbott Laboratories	Reduce -19.1%	0.40%	−0.13
META Meta Platforms Inc. Class A	Reduce -6.6%	0.67%	−0.13
MA Mastercard Inc. Class A	Reduce -19.7%	0.49%	−0.12
CARR Carrier Global Corp.	Sold out	0.00%	−0.11
HD Home Depot Inc.	Reduce -9.1%	0.36%	−0.11
NSC Norfolk Southern Corp.	Reduce -30.9%	0.20%	−0.10
MDLZ Mondelez International Inc. Class A	Reduce -34.0%	0.13%	−0.10
PANW Palo Alto Networks Inc.	Reduce -18.8%	0.26%	−0.10
ADBE Adobe Inc.	Reduce -33.6%	0.18%	−0.10
PG The Procter & Gamble Co.	Reduce -13.0%	0.39%	−0.09
CMG Chipotle Mexican Grill Inc.	Reduce -37.9%	0.12%	−0.08
GD General Dynamics Corp.	Reduce -23.7%	0.25%	−0.08
ETN Eaton Corp. PLC	Reduce -6.4%	0.29%	−0.08
MCD McDonald's Corp.	Reduce -20.5%	0.30%	−0.08
WEC WEC Energy Group Inc.	Reduce -13.8%	0.28%	−0.07
TFC Truist Financial Corp.	Sold out	0.00%	−0.07
BX Blackstone Inc.	Reduce -25.5%	0.15%	−0.07
CMCSA Comcast Corp. Class A	Reduce -49.8%	0.06%	−0.07
AMT American Tower Corp.	Reduce -31.6%	0.11%	−0.07
WMT Walmart Inc.	Reduce -22.6%	0.34%	−0.07
FISV Fiserv Inc.	Reduce -23.5%	0.04%	−0.06
MAS Masco Corp.	Sold out	0.00%	−0.06
DD Dupont DE Nemours Inc.	Reduce -22.0%	0.04%	−0.06
CRM Salesforce Inc.	Reduce -27.8%	0.23%	−0.06
NOW ServiceNow Inc.	Reduce -31.6%	0.07%	−0.05
BLK BlackRock Inc.	Reduce -40.5%	0.06%	−0.05
ICE Intercontinental Exchange Inc.	Reduce -20.6%	0.16%	−0.05
PYPL PayPal Holdings Inc.	Reduce -32.9%	0.07%	−0.05
XLF SS Financial Select Sector	Sold out	0.00%	−0.05
AMLP Alerian MLP ETF	Reduce -4.3%	0.94%	−0.04
BBWI Bath & Body Works Inc.	Sold out	0.00%	−0.04
MRSH Marsh & McLennan Cos	Reduce -31.4%	0.07%	−0.04
GWW WW Grainger Inc.	Reduce -38.1%	0.08%	−0.04
COR Cencora Inc.	Reduce -22.5%	0.21%	−0.04
ZBH Zimmer Biomet Holdings Inc.	Reduce -41.9%	0.04%	−0.04

Portfolio Buys Q3 2025 → Q4 2025


SPYM Ste STR SPDR PT S&P 500 ETF	New	6.44%	+6.44
VONE Vanguard Russell 1000	New	1.58%	+1.58
VOO Vanguard S&P 500 ETF	Add +14.3%	4.93%	+0.70
VEA Vanguard Ftse Developed ETF	Add +24.8%	1.98%	+0.45
AVEM Avantis Emerging Markets Eq	Add +14.2%	2.84%	+0.41
GOOGL Alphabet Inc. Class A	Add +12.2%	1.20%	+0.37
CWI State Street SPDR MSCI Acwi	Add +92.1%	0.53%	+0.26
VO Vngrd Mrngstr MD-Cap ETF-Usd	Add +83.2%	0.54%	+0.24
DFAC Dimensional US Core Equity 2	Add +90.1%	0.46%	+0.22
VTI VG Morningstar TS MKT ETF-US	Add +20.9%	0.96%	+0.18
AVDE Avantis International Equity	New	0.16%	+0.16
VGT Vanguard Info Tech ETF	Add +178.5%	0.22%	+0.14
IVV iShares Core S&P 500 ETF	Add +6.9%	1.71%	+0.14
UITB Victoryshares Core Intermedi	Add +128.5%	0.22%	+0.13
EMR Emerson Electric Co.	Add +185.0%	0.17%	+0.11
VOE Vngrd Mrngstr MD-Cap Val ETF	Add +26.5%	0.45%	+0.10
VOT Vngrd Mrngstr MC GRW ETF-Usd	Add +211.7%	0.14%	+0.09
IJH iShares Core S&P Midcap ETF	Add +28.9%	0.35%	+0.08
JEPI JPMorgan Equity Premium Inco	New	0.08%	+0.08
VXF Vanguard Extended Market ETF	Add +57.1%	0.19%	+0.07
CAT Caterpillar Inc.	Add +1.2%	0.40%	+0.07
VTWO Vanguard Russell 2000 ETF	New	0.07%	+0.07
VUG Vanguard Mrngstar GR ETF-Sui	Add +15.6%	0.45%	+0.07
VB Vanguard Most SM-Cap ETF-Usd	Add +29.1%	0.27%	+0.06
MDT Medtronic PLC	New	0.06%	+0.06
EPD Enterprise Products Partners	New	0.06%	+0.06
VXUS Vanguard Total Intl Stock	Add +16.4%	0.38%	+0.06
WFC Wells Fargo & Co.	Add +13.8%	0.27%	+0.06
EDV Vanguard Extended Dur Treas	New	0.05%	+0.05
JPST JPMorgan Ultra-Short Income	Add +149.4%	0.09%	+0.05
MBB iShares MBS ETF	New	0.05%	+0.05
AGG iShares Core U.S. Aggregate	Add +33.5%	0.20%	+0.05
BOND PIMCO Active Bond Exchange-T	Add +73.3%	0.12%	+0.05
JMBS Janus Henderson Mortg Backed	Add +43.4%	0.15%	+0.04
IEI iShares 3-7 Year Treasury Bo	New	0.04%	+0.04
CRWD CrowdStrike Holdings Inc. Class A	New	0.04%	+0.04
RSPT Invesco S&P 500 Equal Weight	New	0.04%	+0.04
RTX RTX Corp.	Add +6.3%	0.27%	+0.04
AMG Affiliated Managers Group	New	0.04%	+0.04
MMM 3M Co.	New	0.04%	+0.04
DTE DTE Energy Company	New	0.04%	+0.04
GS Goldman Sachs Group Inc.	Add +17.4%	0.16%	+0.04
YUM Yum! Brands Inc.	Add +47.0%	0.11%	+0.04
XLI SS Industrial Select Sector	New	0.03%	+0.03
INTU Intuit Inc.	Add +20.6%	0.24%	+0.03
GLW Corning Inc.	New	0.03%	+0.03
IWR iShares Russell Mid-Cap ETF	Add +38.5%	0.12%	+0.03
GILD Gilead Sciences Inc.	New	0.03%	+0.03
CB Chubb Ltd.	New	0.03%	+0.03
BMY Bristol-Myers Squibb Co.	Add +6.7%	0.15%	+0.03

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