Nicollet Investment Management, Inc.
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 5, 2026), Nicollet Investment Management, Inc. reported 77 stock positions worth $323.9 million. Its top holding was Amazon.com (AMZN) at 7.1% of the portfolio, followed by Alphabet Class C (GOOG, 6.7%) and Apple (AAPL, 6.5%). Compared with Q1 2026, it opened 3 new positions, sold out of 2, added to 50 and reduced 13. The biggest buy was Palo Alto Networks (PANW, shares +2%) and the biggest sale Meta Platforms Class A (META, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- MINNEAPOLIS, MN
- CIK
- 0001729048
- Portfolio Value
- $323.9M (Q2 2026)
- SEC Filing
- 0001729048-26-000005 ↗ filed Aug 5, 2026
Holdings Value
Holdings 77 stocks · $323.9M
| AMZN Amazon.com Inc. | 7.07% | 96,027 | $22.9M | Add +0.3% |
| GOOG Alphabet Inc. Class C | 6.65% | 60,959 | $21.5M | Reduce -2.7% |
| AAPL Apple Inc. | 6.55% | 73,284 | $21.2M | Add +0.6% |
| GOOGL Alphabet Inc. Class A | 5.16% | 46,782 | $16.7M | Add +1.1% |
| MSFT Microsoft Corp. | 5.06% | 43,970 | $16.4M | Add +0.5% |
| NVDA Nvidia Corp. | 4.12% | 66,612 | $13.3M | Add +0.1% |
| META Meta Platforms Inc. Class A | 3.79% | 21,814 | $12.3M | Reduce -0.1% |
| GWW WW Grainger Inc. | 3.69% | 8,779 | $11.9M | Add +1.1% |
| V Visa Inc. Class A | 3.63% | 34,273 | $11.8M | Add +0.3% |
| RSP Invesco S&P 500 Equal Weight | 2.88% | 43,786 | $9.3M | Add +2.5% |
| SCHX Schwab US Large-Cap ETF | 2.66% | 292,876 | $8.6M | No change |
| IWL iShares Russell Top 200 ETF | 2.32% | 40,644 | $7.5M | Add +0.9% |
| EQIX Equinix Inc. | 2.24% | 6,962 | $7.3M | Reduce -11.5% |
| MMM 3M Co. | 1.91% | 38,130 | $6.2M | Add +0.6% |
| MDY State Street SPDR S&P Midcap | 1.75% | 8,059 | $5.7M | Add +2.9% |
| ECL Ecolab Inc. | 1.69% | 19,651 | $5.5M | Add +0.3% |
| ORCL Oracle Corp. | 1.67% | 36,950 | $5.4M | Reduce -0.1% |
| PANW Palo Alto Networks Inc. | 1.66% | 15,795 | $5.4M | Add +1.8% |
| SLB SLB Ltd. filed as SLB LIMITED | 1.64% | 114,372 | $5.3M | Add +0.1% |
| UNP Union Pacific Corp. | 1.61% | 19,152 | $5.2M | Add +3.2% |
| RMD Resmed Inc. | 1.51% | 25,103 | $4.9M | Add +1.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.47% | 31,527 | $4.8M | Add +1.3% |
| KO The Coca-Cola Co. | 1.47% | 58,380 | $4.7M | Reduce -0.7% |
| GS Goldman Sachs Group Inc. | 1.42% | 4,541 | $4.6M | Add +1.3% |
| UBER Uber Technologies Inc. | 1.41% | 63,410 | $4.6M | Reduce -0.0% |
| CB Chubb Ltd. | 1.33% | 12,658 | $4.3M | Add +0.5% |
| SCHM Schwab US Mid Cap ETF | 1.32% | 115,548 | $4.3M | Reduce -0.8% |
| FAST Fastenal Co. | 1.13% | 75,901 | $3.6M | Add +2.7% |
| UTHR United Therapeutics Corp. | 0.97% | 5,789 | $3.1M | Add +1.6% |
| UNH Unitedhealth Group Inc. | 0.96% | 7,464 | $3.1M | Reduce -0.2% |
| VMI Valmont Industries | 0.90% | 5,072 | $2.9M | Add +1.9% |
| EOG EOG Resources Inc. | 0.88% | 22,024 | $2.9M | Add +0.2% |
| HD Home Depot Inc. | 0.86% | 7,881 | $2.8M | Add +0.0% |
| TMO Thermo Fisher Scientific Inc. | 0.86% | 5,532 | $2.8M | Add +0.5% |
| SBUX Starbucks Corp. | 0.77% | 24,341 | $2.5M | Add +0.6% |
| AKAM Akamai Technologies Inc. | 0.73% | 20,104 | $2.4M | Add +2.7% |
| SYY Sysco Corp. | 0.72% | 27,853 | $2.3M | Add +2.5% |
| ALKS Alkermes PLC | 0.72% | 44,219 | $2.3M | Add +2.1% |
| GNRC Generac Holdings Inc. | 0.69% | 7,577 | $2.2M | Add +2.3% |
| CRM Salesforce Inc. | 0.66% | 13,703 | $2.1M | Reduce -2.2% |
| MRNA Moderna Inc. | 0.64% | 29,756 | $2.1M | Add +2.2% |
| NOW ServiceNow Inc. | 0.64% | 20,984 | $2.1M | Add +3.6% |
| BSX Boston Scientific Corp. | 0.63% | 48,069 | $2.1M | Add +0.5% |
| LHX L3HARRIS Technologies Inc. | 0.61% | 6,845 | $2.0M | Add +3.5% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.58% | 38,896 | $1.9M | Reduce -0.8% |
| EXPD Expeditors Intl Wash Inc. | 0.55% | 10,958 | $1.8M | Add +2.4% |
| FFIV F5 Inc. | 0.54% | 4,241 | $1.8M | Add +2.1% |
| IONS Ionis Pharmaceuticals Inc. | 0.50% | 20,240 | $1.6M | Add +3.0% |
| ACN Accenture PLC Class A | 0.48% | 12,553 | $1.6M | Add +0.7% |
| SCHA Schwab US Small-Cap ETF | 0.47% | 42,558 | $1.5M | No change |
| ULTA Ulta Beauty Inc. | 0.44% | 3,168 | $1.4M | Add +3.8% |
| KNX Knight-Swift Transportation | 0.42% | 17,606 | $1.4M | Add +2.2% |
| PYPL PayPal Holdings Inc. | 0.36% | 26,624 | $1.1M | Reduce -3.0% |
| RDN Radian Group Inc. | 0.34% | 29,629 | $1.1M | Add +2.9% |
| IVV iShares Core S&P 500 ETF | 0.34% | 1,489 | $1.1M | Add +0.3% |
| ALGN Align Technology Inc. | 0.32% | 6,200 | $1.0M | Add +2.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.31% | 1,349 | $1.0M | Add +0.1% |
| DVN Devon Energy Corp. | 0.31% | 24,043 | $993K | New |
| DINO HF Sinclair Corp. | 0.28% | 13,221 | $921K | Add +2.8% |
| FISV Fiserv Inc. | 0.27% | 17,616 | $864K | Add +3.2% |
| SMG Scotts Miracle-Gro Co. | 0.26% | 12,152 | $828K | Add +3.3% |
| FIS Fidelity National Info Serv | 0.23% | 18,762 | $729K | Add +3.5% |
| LYFT LYFT Inc. Class A | 0.22% | 49,502 | $723K | Add +5.5% |
| AVGO Broadcom Inc. | 0.20% | 1,720 | $650K | No change |
| GLD SPDR Gold Shares | 0.18% | 1,575 | $580K | No change |
| XEL Xcel Energy Inc. | 0.17% | 7,011 | $563K | No change |
| SOLV Solventum Corp. | 0.17% | 7,016 | $541K | Reduce -2.2% |
| IWM iShares Russell 2000 ETF | 0.15% | 1,599 | $480K | No change |
| SWKS Skyworks Solutions Inc. | 0.14% | 6,864 | $465K | Add +2.6% |
| COST Costco Wholesale Corp. | 0.12% | 403 | $377K | No change |
| VTI VG Morningstar TS MKT ETF-US | 0.10% | 881 | $326K | No change |
| IVW iShares S&P 500 Growth ETF | 0.10% | 2,240 | $308K | Reduce -3.6% |
| WPM Wheaton Precious Metals Corp. | 0.09% | 2,685 | $302K | No change |
| IJR iShares Core S&P Small-Cap E | 0.09% | 1,885 | $280K | No change |
| LLY Eli Lilly & Co. | 0.08% | 214 | $257K | New |
| MDT Medtronic PLC | 0.07% | 2,986 | $234K | No change |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.06% | 2,300 | $202K | New |
Portfolio Sells Q1 2026 → Q2 2026
| META Meta Platforms Inc. Class A | Reduce -0.1% | 3.79% | −0.48 |
| CTRA Coterra Energy Inc. | Sold out | 0.00% | −0.41 |
| EQIX Equinix Inc. | Reduce -11.5% | 2.24% | −0.40 |
| CRM Salesforce Inc. | Reduce -2.2% | 0.66% | −0.23 |
| ORCL Oracle Corp. | Reduce -0.1% | 1.67% | −0.19 |
| UBER Uber Technologies Inc. | Reduce -0.0% | 1.41% | −0.15 |
| BRK.B Berkshire Hathaway Inc. Class B | Sold out | 0.00% | −0.10 |
| PYPL PayPal Holdings Inc. | Reduce -3.0% | 0.36% | −0.07 |
| KO The Coca-Cola Co. | Reduce -0.7% | 1.47% | −0.07 |
| IVW iShares S&P 500 Growth ETF | Reduce -3.6% | 0.10% | +0.01 |
| SOLV Solventum Corp. | Reduce -2.2% | 0.17% | +0.01 |
| SCHM Schwab US Mid Cap ETF | Reduce -0.8% | 1.32% | +0.08 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -0.8% | 0.58% | +0.08 |
| UNH Unitedhealth Group Inc. | Reduce -0.2% | 0.96% | +0.26 |
| GOOG Alphabet Inc. Class C | Reduce -2.7% | 6.65% | +0.50 |
Portfolio Buys Q1 2026 → Q2 2026
| PANW Palo Alto Networks Inc. | Add +1.8% | 1.66% | +0.81 |
| GOOGL Alphabet Inc. Class A | Add +1.1% | 5.16% | +0.61 |
| GWW WW Grainger Inc. | Add +1.1% | 3.69% | +0.44 |
| DVN Devon Energy Corp. | New | 0.31% | +0.31 |
| AMZN Amazon.com Inc. | Add +0.3% | 7.07% | +0.24 |
| VMI Valmont Industries | Add +1.9% | 0.90% | +0.22 |
| AAPL Apple Inc. | Add +0.6% | 6.55% | +0.21 |
| ALKS Alkermes PLC | Add +2.1% | 0.72% | +0.19 |
| GNRC Generac Holdings Inc. | Add +2.3% | 0.69% | +0.19 |
| NVDA Nvidia Corp. | Add +0.1% | 4.12% | +0.14 |
| MRNA Moderna Inc. | Add +2.2% | 0.64% | +0.14 |
| FFIV F5 Inc. | Add +2.1% | 0.54% | +0.13 |
| GS Goldman Sachs Group Inc. | Add +1.3% | 1.42% | +0.12 |
| IWL iShares Russell Top 200 ETF | Add +0.9% | 2.32% | +0.11 |
| MDY State Street SPDR S&P Midcap | Add +2.9% | 1.75% | +0.10 |
| V Visa Inc. Class A | Add +0.3% | 3.63% | +0.09 |
| KNX Knight-Swift Transportation | Add +2.2% | 0.42% | +0.08 |
| LLY Eli Lilly & Co. | New | 0.08% | +0.08 |
| RSP Invesco S&P 500 Equal Weight | Add +2.5% | 2.88% | +0.07 |
| UNP Union Pacific Corp. | Add +3.2% | 1.61% | +0.07 |
| SPYM Ste STR SPDR PT S&P 500 ETF | New | 0.06% | +0.06 |
| SYY Sysco Corp. | Add +2.5% | 0.72% | +0.06 |
| EXPD Expeditors Intl Wash Inc. | Add +2.4% | 0.55% | +0.03 |
| SBUX Starbucks Corp. | Add +0.6% | 0.77% | +0.03 |
| SWKS Skyworks Solutions Inc. | Add +2.6% | 0.14% | +0.02 |
| MMM 3M Co. | Add +0.6% | 1.91% | +0.02 |
| RDN Radian Group Inc. | Add +2.9% | 0.34% | +0.02 |
| IVV iShares Core S&P 500 ETF | Add +0.3% | 0.34% | +0.01 |
| SMG Scotts Miracle-Gro Co. | Add +3.3% | 0.26% | +0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.1% | 0.31% | +0.01 |
| LYFT LYFT Inc. Class A | Add +5.5% | 0.22% | +0.01 |
| DINO HF Sinclair Corp. | Add +2.8% | 0.28% | +0.01 |
| IONS Ionis Pharmaceuticals Inc. | Add +3.0% | 0.50% | −0.01 |
| HD Home Depot Inc. | Add +0.0% | 0.86% | −0.03 |
| ALGN Align Technology Inc. | Add +2.6% | 0.32% | −0.03 |
| AKAM Akamai Technologies Inc. | Add +2.7% | 0.73% | −0.04 |
| FAST Fastenal Co. | Add +2.7% | 1.13% | −0.05 |
| FISV Fiserv Inc. | Add +3.2% | 0.27% | −0.06 |
| FIS Fidelity National Info Serv | Add +3.5% | 0.23% | −0.07 |
| TMO Thermo Fisher Scientific Inc. | Add +0.5% | 0.86% | −0.07 |
| CB Chubb Ltd. | Add +0.5% | 1.33% | −0.07 |
| NOW ServiceNow Inc. | Add +3.6% | 0.64% | −0.08 |
| ECL Ecolab Inc. | Add +0.3% | 1.69% | −0.09 |
| ULTA Ulta Beauty Inc. | Add +3.8% | 0.44% | −0.11 |
| LHX L3HARRIS Technologies Inc. | Add +3.5% | 0.61% | −0.17 |
| UTHR United Therapeutics Corp. | Add +1.6% | 0.97% | −0.19 |
| EOG EOG Resources Inc. | Add +0.2% | 0.88% | −0.21 |
| TJX TJX Companies Inc. | Add +1.3% | 1.47% | −0.23 |
| ACN Accenture PLC Class A | Add +0.7% | 0.48% | −0.36 |
| SLB SLB Ltd. | Add +0.1% | 1.64% | −0.37 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 77 | $323.9M | AMZN, GOOG, AAPL, GOOGL, MSFT |
| Q1 2026 | 76 | $292.0M | AMZN, AAPL, GOOG, MSFT, GOOGL |
| Q4 2025 | 74 | $316.0M | AMZN, MSFT, AAPL, GOOG, GOOGL |
| Q3 2025 | 71 | $306.6M | MSFT, AMZN, AAPL, GOOG, META |
| Q2 2025 | 73 | $298.6M | MSFT, AMZN, META, AAPL, GOOG |
| Q1 2025 | 70 | $284.5M | AMZN, MSFT, AAPL, META, V |
| Q4 2024 | 71 | $291.2M | AMZN, MSFT, AAPL, GOOG, META |
| Q3 2024 | 70 | $289.3M | MSFT, AMZN, AAPL, GOOG, META |
| Q2 2024 | 68 | $267.8M | MSFT, AMZN, AAPL, GOOG, META |
| Q1 2024 | 68 | $271.0M | MSFT, AAPL, AMZN, GOOG, META |