Nicollet Investment Management, Inc.
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 7, 2024), Nicollet Investment Management, Inc. reported 68 stock positions worth $267.8 million. Its top holding was Microsoft (MSFT) at 9.0% of the portfolio, followed by Amazon.com (AMZN, 7.6%) and Apple (AAPL, 6.6%). Compared with Q1 2024, it opened 1 new position, sold out of 2, added to 7 and reduced 53. The biggest buy was a new position in Salesforce (CRM) and the biggest sale an exit from Tesla (TSLA).
- Most Recent 13F
- Q2 2026
- Location
- MINNEAPOLIS, MN
- CIK
- 0001729048
- Portfolio Value
- $267.8M (Q2 2024)
- SEC Filing
- 0001729048-24-000003 ↗ filed Aug 7, 2024
Holdings Value
Holdings 68 stocks · $267.8M
| MSFT Microsoft Corp. | 9.04% | 54,192 | $24.2M | Reduce -0.7% |
| AMZN Amazon.com Inc. | 7.59% | 105,264 | $20.3M | Reduce -1.1% |
| AAPL Apple Inc. | 6.59% | 83,744 | $17.6M | Reduce -35.5% |
| GOOG Alphabet Inc. Class C | 5.93% | 86,646 | $15.9M | Reduce -2.6% |
| META Meta Platforms Inc. Class A | 4.37% | 23,213 | $11.7M | Reduce -1.3% |
| NVDA Nvidia Corp. | 3.62% | 78,505 | $9.7M | Reduce -2.5% |
| V Visa Inc. Class A | 3.61% | 36,867 | $9.7M | Reduce -1.5% |
| GOOGL Alphabet Inc. Class A | 3.29% | 48,385 | $8.8M | Add +0.5% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 3.26% | 9,688 | $8.7M | Reduce -1.1% |
| SCHX Schwab US Large-Cap ETF | 2.44% | 101,723 | $6.5M | Add +0.0% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 2.33% | 132,184 | $6.2M | Reduce -1.8% |
| IWL iShares Russell Top 200 ETF | 2.28% | 45,574 | $6.1M | Add +0.2% |
| NVO Novo-Nordisk A/S-Spons ADR | 2.20% | 41,195 | $5.9M | Reduce -1.4% |
| NOW ServiceNow Inc. | 2.16% | 7,343 | $5.8M | Reduce -2.5% |
| ORCL Oracle Corp. | 2.07% | 39,248 | $5.5M | Reduce -1.1% |
| RMD Resmed Inc. | 2.02% | 28,294 | $5.4M | Reduce -1.5% |
| PANW Palo Alto Networks Inc. | 2.01% | 15,907 | $5.4M | Reduce -2.6% |
| ECL Ecolab Inc. | 1.99% | 22,344 | $5.3M | Reduce -1.4% |
| FISV Fiserv Inc. | 1.91% | 34,279 | $5.1M | Reduce -0.1% |
| UNP Union Pacific Corp. | 1.72% | 20,352 | $4.6M | Reduce -1.5% |
| MMM 3M Co. | 1.64% | 43,100 | $4.4M | Reduce -1.5% |
| UNH Unitedhealth Group Inc. | 1.58% | 8,300 | $4.2M | Reduce -1.7% |
| KO The Coca-Cola Co. | 1.54% | 64,818 | $4.1M | Reduce -1.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.52% | 36,965 | $4.1M | Reduce -1.4% |
| ACN Accenture PLC Class A | 1.50% | 13,281 | $4.0M | Reduce -1.5% |
| CRM Salesforce Inc. | 1.44% | 15,042 | $3.9M | New |
| CB Chubb Ltd. | 1.28% | 13,444 | $3.4M | Reduce -1.4% |
| TMO Thermo Fisher Scientific Inc. | 1.23% | 5,981 | $3.3M | Reduce -1.9% |
| EOG EOG Resources Inc. | 1.22% | 26,054 | $3.3M | Reduce -1.7% |
| SCHM Schwab US Mid Cap ETF | 1.16% | 39,908 | $3.1M | Reduce -0.6% |
| HD Home Depot Inc. | 1.07% | 8,333 | $2.9M | Reduce -1.2% |
| EQIX Equinix Inc. | 1.05% | 3,727 | $2.8M | Reduce -2.3% |
| SBUX Starbucks Corp. | 1.00% | 34,438 | $2.7M | Reduce -1.0% |
| FAST Fastenal Co. | 0.90% | 38,486 | $2.4M | Reduce -2.5% |
| SYY Sysco Corp. | 0.82% | 30,781 | $2.2M | Reduce -1.2% |
| PYPL PayPal Holdings Inc. | 0.69% | 31,967 | $1.9M | Add +0.0% |
| UTHR United Therapeutics Corp. | 0.69% | 5,772 | $1.8M | Reduce -2.5% |
| AKAM Akamai Technologies Inc. | 0.66% | 19,552 | $1.8M | Reduce -2.5% |
| LHX L3HARRIS Technologies Inc. | 0.55% | 6,594 | $1.5M | Reduce -0.3% |
| FIS Fidelity National Info Serv | 0.52% | 18,401 | $1.4M | Reduce -0.2% |
| VMI Valmont Industries | 0.50% | 4,922 | $1.4M | Reduce -2.6% |
| EXPD Expeditors Intl Wash Inc. | 0.50% | 10,698 | $1.3M | Reduce -2.5% |
| SCHA Schwab US Small-Cap ETF | 0.40% | 22,328 | $1.1M | Reduce -1.9% |
| ALKS Alkermes PLC | 0.39% | 43,131 | $1.0M | Reduce -2.0% |
| GNRC Generac Holdings Inc. | 0.38% | 7,784 | $1.0M | Reduce -1.9% |
| SRCL Stericycle Inc. | 0.38% | 17,540 | $1.0M | Reduce -2.1% |
| IONS Ionis Pharmaceuticals Inc. | 0.36% | 20,108 | $958K | Reduce -2.0% |
| RDN Radian Group Inc. | 0.35% | 29,979 | $932K | Reduce -2.7% |
| SO The Southern Co. | 0.33% | 11,461 | $889K | No change |
| KNX Knight-Swift Transportation | 0.33% | 17,716 | $884K | Reduce -2.5% |
| CTRA Coterra Energy Inc. | 0.33% | 33,124 | $883K | Reduce -2.6% |
| SMG Scotts Miracle-Gro Co. | 0.31% | 12,710 | $827K | Reduce -1.8% |
| LULU Lululemon Athletica Inc. | 0.30% | 2,661 | $795K | Reduce -0.3% |
| SWKS Skyworks Solutions Inc. | 0.28% | 7,096 | $756K | Reduce -0.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.28% | 1,366 | $743K | Reduce -20.0% |
| DINO HF Sinclair Corp. | 0.25% | 12,622 | $673K | Reduce -2.9% |
| MDY State Street SPDR S&P Midcap | 0.25% | 1,245 | $666K | No change |
| LLY Eli Lilly & Co. | 0.22% | 653 | $591K | Reduce -4.0% |
| SOLV Solventum Corp. | 0.21% | 10,581 | $560K | Reduce -3.2% |
| IVV iShares Core S&P 500 ETF | 0.19% | 931 | $510K | Add +1.4% |
| XEL Xcel Energy Inc. | 0.17% | 8,415 | $449K | Add +54.0% |
| COST Costco Wholesale Corp. | 0.13% | 425 | $361K | No change |
| GLD SPDR Gold Shares | 0.13% | 1,650 | $355K | Add +22.2% |
| IWM iShares Russell 2000 ETF | 0.12% | 1,599 | $324K | No change |
| MURA Mural Oncology PLC | 0.12% | 98,016 | $308K | Reduce -2.0% |
| AVGO Broadcom Inc. | 0.11% | 191 | $307K | No change |
| VTI VG Morningstar TS MKT ETF-US | 0.09% | 881 | $236K | No change |
| IJR iShares Core S&P Small-Cap E | 0.07% | 1,885 | $201K | No change |
Portfolio Sells Q1 2024 → Q2 2024
| TSLA Tesla Inc. | Sold out | 0.00% | −2.00 |
| AAPL Apple Inc. | Reduce -35.5% | 6.59% | −1.63 |
| GWW WW Grainger Inc. | Reduce -1.1% | 3.26% | −0.42 |
| SLB SLB Ltd. | Reduce -1.8% | 2.33% | −0.39 |
| FFIV F5 Inc. | Sold out | 0.00% | −0.31 |
| V Visa Inc. Class A | Reduce -1.5% | 3.61% | −0.24 |
| FAST Fastenal Co. | Reduce -2.5% | 0.90% | −0.22 |
| ACN Accenture PLC Class A | Reduce -1.5% | 1.50% | −0.22 |
| SBUX Starbucks Corp. | Reduce -1.0% | 1.00% | −0.17 |
| UNP Union Pacific Corp. | Reduce -1.5% | 1.72% | −0.16 |
| AKAM Akamai Technologies Inc. | Reduce -2.5% | 0.66% | −0.15 |
| HD Home Depot Inc. | Reduce -1.2% | 1.07% | −0.12 |
| FISV Fiserv Inc. | Reduce -0.1% | 1.91% | −0.12 |
| SYY Sysco Corp. | Reduce -1.2% | 0.82% | −0.11 |
| EQIX Equinix Inc. | Reduce -2.3% | 1.05% | −0.11 |
| LULU Lululemon Athletica Inc. | Reduce -0.3% | 0.30% | −0.09 |
| RMD Resmed Inc. | Reduce -1.5% | 2.02% | −0.08 |
| TMO Thermo Fisher Scientific Inc. | Reduce -1.9% | 1.23% | −0.07 |
| MMM 3M Co. | Reduce -1.5% | 1.64% | −0.07 |
| MURA Mural Oncology PLC | Reduce -2.0% | 0.12% | −0.07 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -20.0% | 0.28% | −0.05 |
| ALKS Alkermes PLC | Reduce -2.0% | 0.39% | −0.05 |
| SMG Scotts Miracle-Gro Co. | Reduce -1.8% | 0.31% | −0.05 |
| SCHM Schwab US Mid Cap ETF | Reduce -0.6% | 1.16% | −0.05 |
| KNX Knight-Swift Transportation | Reduce -2.5% | 0.33% | −0.04 |
| DINO HF Sinclair Corp. | Reduce -2.9% | 0.25% | −0.04 |
| RDN Radian Group Inc. | Reduce -2.7% | 0.35% | −0.03 |
| EOG EOG Resources Inc. | Reduce -1.7% | 1.22% | −0.03 |
| CB Chubb Ltd. | Reduce -1.4% | 1.28% | −0.02 |
| CTRA Coterra Energy Inc. | Reduce -2.6% | 0.33% | −0.02 |
| SCHA Schwab US Small-Cap ETF | Reduce -1.9% | 0.40% | −0.02 |
| SOLV Solventum Corp. | Reduce -3.2% | 0.21% | −0.00 |
| SWKS Skyworks Solutions Inc. | Reduce -0.3% | 0.28% | −0.00 |
| EXPD Expeditors Intl Wash Inc. | Reduce -2.5% | 0.50% | +0.01 |
| FIS Fidelity National Info Serv | Reduce -0.2% | 0.52% | +0.01 |
| GNRC Generac Holdings Inc. | Reduce -1.9% | 0.38% | +0.01 |
| LLY Eli Lilly & Co. | Reduce -4.0% | 0.22% | +0.03 |
| IONS Ionis Pharmaceuticals Inc. | Reduce -2.0% | 0.36% | +0.03 |
| SRCL Stericycle Inc. | Reduce -2.1% | 0.38% | +0.03 |
| LHX L3HARRIS Technologies Inc. | Reduce -0.3% | 0.55% | +0.03 |
| UNH Unitedhealth Group Inc. | Reduce -1.7% | 1.58% | +0.04 |
| NOW ServiceNow Inc. | Reduce -2.5% | 2.16% | +0.04 |
| KO The Coca-Cola Co. | Reduce -1.7% | 1.54% | +0.05 |
| ECL Ecolab Inc. | Reduce -1.4% | 1.99% | +0.06 |
| VMI Valmont Industries | Reduce -2.6% | 0.50% | +0.08 |
| TJX TJX Companies Inc. | Reduce -1.4% | 1.52% | +0.12 |
| META Meta Platforms Inc. Class A | Reduce -1.3% | 4.37% | +0.16 |
| UTHR United Therapeutics Corp. | Reduce -2.5% | 0.69% | +0.18 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -1.4% | 2.20% | +0.22 |
| ORCL Oracle Corp. | Reduce -1.1% | 2.07% | +0.23 |
Portfolio Buys Q1 2024 → Q2 2024
| CRM Salesforce Inc. | New | 1.44% | +1.44 |
| GOOGL Alphabet Inc. Class A | Add +0.5% | 3.29% | +0.61 |
| IWL iShares Russell Top 200 ETF | Add +0.2% | 2.28% | +0.15 |
| SCHX Schwab US Large-Cap ETF | Add +0.0% | 2.44% | +0.11 |
| XEL Xcel Energy Inc. | Add +54.0% | 0.17% | +0.06 |
| IVV iShares Core S&P 500 ETF | Add +1.4% | 0.19% | +0.01 |
| GLD SPDR Gold Shares | Add +22.2% | 0.13% | +0.01 |
| PYPL PayPal Holdings Inc. | Add +0.0% | 0.69% | −0.10 |
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 |