NICOLET BANKSHARES INC

Filed: 5/14/2025ACC: 0001174850-25-000025

📋 What this filing means

NICOLET BANKSHARES INC filed this quarterly 13F‑HR report disclosing 197 equity positions with a total reported market value of $498.06M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

197

Positions

$498.06M

Total AUM (reported)

5.12M

Total Shares

Allocation by class

COMMON STOCK$275.03M55.2%

OTHER$223.03M44.8%

Portfolio Concentration

Top 3$182.33M36.6%

4–10$79.80M16.0%

11–25$82.10M16.5%

Rest$153.83M30.9%

Top 3 weight

36.6%

Top 10 weight

52.6%

Voting Authority Distribution

Total shares with voting rights: 5.12M

Sole

Full voting authority

3.92M

% of voting shares76.6%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

1.20M

% of voting shares23.4%

Investment Discretion (by position count)

Sole192

Shared0

Other5

Dominant voting typeSole · 76.6% of voting shares

Institutional Holdings197

Rows:

NICOLET BANKSHARES INC

SOLE

COMMON STOCK

Shares888.34K

TypeSH

Market value$96.79M

19.43%

Sole

0.00

Shared

0.00

None

888.34K

SPDR PORTFOLIO S&P 500 VALUE ETF

SOLE

OTHER

Shares1.08M

TypeSH

Market value$55.35M

11.11%

Sole

1.08M

Shared

0.00

None

1.92K

SPDR PORTFOLIO S&P 500 GROWTH ETF

SOLE

OTHER

Shares375.57K

TypeSH

Market value$30.18M

6.06%

Sole

374.16K

Shared

0.00

None

1.40K

APPLE INC

SOLE

COMMON STOCK

Shares64.75K

TypeSH

Market value$14.38M

2.89%

Sole

55.01K

Shared

0.00

None

9.74K

SPDR S&P 500 ETF TRUST

OTR

OTHER

Shares22.58K

TypeSH

Market value$12.63M

2.54%

Sole

22.33K

Shared

0.00

None

251.00

VANGUARD S&P 500 ETF

SOLE

OTHER

Shares22.28K

TypeSH

Market value$11.45M

2.30%

Sole

22.28K

Shared

0.00

None

0.00

ISHARES S&P 500 BARRA GROWTH INDEX FUND

SOLE

OTHER

Shares121.67K

TypeSH

Market value$11.29M

2.27%

Sole

121.67K

Shared

0.00

None

0.00

MICROSOFT CORP

SOLE

COMMON STOCK

Shares29.04K

TypeSH

Market value$10.90M

2.19%

Sole

22.55K

Shared

0.00

None

6.49K

AVANTIS EMERGING MARKETS EQUITY ETF

SOLE

OTHER

Shares181.02K

TypeSH

Market value$10.89M

2.19%

Sole

164.82K

Shared

0.00

None

16.20K

NVIDIA CORP

SOLE

COMMON STOCK

Shares76.10K

TypeSH

Market value$8.25M

1.66%

Sole

56.45K

Shared

0.00

None

19.65K

ALPS ETF TR ALERIAN MLP ETF NEW

OTR

OTHER

Shares135.43K

TypeSH

Market value$7.03M

1.41%

Sole

135.43K

Shared

0.00

None

0.00

JPM ALERIAN MLP INDEX ETN 1/28/2044

SOLE

OTHER

Shares203.24K

TypeSH

Market value$6.60M

1.33%

Sole

202.78K

Shared

0.00

None

465.00

ISHARES CORE S&P 500 ETF

SOLE

OTHER

Shares11.01K

TypeSH

Market value$6.19M

1.24%

Sole

10.15K

Shared

0.00

None

855.00

AMAZON.COM INC

SOLE

COMMON STOCK

Shares32.40K

TypeSH

Market value$6.17M

1.24%

Sole

22.34K

Shared

0.00

None

10.06K

ISHARES S&P 500/VALUE

SOLE

OTHER

Shares32.05K

TypeSH

Market value$6.11M

1.23%

Sole

32.05K

Shared

0.00

None

0.00

AVANTIS INVESTORS

OTR

OTHER

Shares140.45K

TypeSH

Market value$6.04M

1.21%

Sole

140.26K

Shared

0.00

None

185.00

COSTCO WHOLESALE CORP

SOLE

COMMON STOCK

Shares6.34K

TypeSH

Market value$6.00M

1.20%

Sole

5.27K

Shared

0.00

None

1.07K

VANGUARD FTSE DEVELOPED MARKETS

SOLE

OTHER

Shares116.39K

TypeSH

Market value$5.92M

1.19%

Sole

90.89K

Shared

0.00

None

25.50K

ISHARES RUSSELL 1000 GROWTH INDEX FD

SOLE

OTHER

Shares15.77K

TypeSH

Market value$5.69M

1.14%

Sole

15.77K

Shared

0.00

None

0.00

ISHARES MSCI EAFE INDEX FD

SOLE

OTHER

Shares68.74K

TypeSH

Market value$5.62M

1.13%

Sole

68.74K

Shared

0.00

None

0.00

JPMORGAN CHASE & CO

SOLE

COMMON STOCK

Shares22.69K

TypeSH

Market value$5.57M

1.12%

Sole

17.58K

Shared

0.00

None

5.12K

ALPHABET INC CAP STK CL C

SOLE

COMMON STOCK

Shares29.49K

TypeSH

Market value$4.61M

0.93%

Sole

19.89K

Shared

0.00

None

9.60K

MASTERCARD INC

SOLE

COMMON STOCK

Shares6.81K

TypeSH

Market value$3.73M

0.75%

Sole

4.71K

Shared

0.00

None

2.10K

META PLATFORMS INC CL A

SOLE

COMMON STOCK

Shares6.04K

TypeSH

Market value$3.48M

0.70%

Sole

4.12K

Shared

0.00

None

1.93K

VANGUARD VALUE ETF

SOLE

OTHER

Shares19.40K

TypeSH

Market value$3.35M

0.67%

Sole

18.83K

Shared

0.00

None

567.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
NICOLET BANKSHARES INCSOLE	COMMON STOCK	888.34K	SH	$96.79M 19.43%	0.00	888.34K
SPDR PORTFOLIO S&P 500 VALUE ETFSOLE	OTHER	1.08M	SH	$55.35M 11.11%	1.08M	1.92K
SPDR PORTFOLIO S&P 500 GROWTH ETFSOLE	OTHER	375.57K	SH	$30.18M 6.06%	374.16K	1.40K
APPLE INCSOLE	COMMON STOCK	64.75K	SH	$14.38M 2.89%	55.01K	9.74K
SPDR S&P 500 ETF TRUSTOTR	OTHER	22.58K	SH	$12.63M 2.54%	22.33K	251.00
VANGUARD S&P 500 ETFSOLE	OTHER	22.28K	SH	$11.45M 2.30%	22.28K	0.00
ISHARES S&P 500 BARRA GROWTH INDEX FUNDSOLE	OTHER	121.67K	SH	$11.29M 2.27%	121.67K	0.00
MICROSOFT CORPSOLE	COMMON STOCK	29.04K	SH	$10.90M 2.19%	22.55K	6.49K
AVANTIS EMERGING MARKETS EQUITY ETFSOLE	OTHER	181.02K	SH	$10.89M 2.19%	164.82K	16.20K
NVIDIA CORPSOLE	COMMON STOCK	76.10K	SH	$8.25M 1.66%	56.45K	19.65K
ALPS ETF TR ALERIAN MLP ETF NEWOTR	OTHER	135.43K	SH	$7.03M 1.41%	135.43K	0.00
JPM ALERIAN MLP INDEX ETN 1/28/2044SOLE	OTHER	203.24K	SH	$6.60M 1.33%	202.78K	465.00
ISHARES CORE S&P 500 ETFSOLE	OTHER	11.01K	SH	$6.19M 1.24%	10.15K	855.00
AMAZON.COM INCSOLE	COMMON STOCK	32.40K	SH	$6.17M 1.24%	22.34K	10.06K
ISHARES S&P 500/VALUESOLE	OTHER	32.05K	SH	$6.11M 1.23%	32.05K	0.00
AVANTIS INVESTORSOTR	OTHER	140.45K	SH	$6.04M 1.21%	140.26K	185.00
COSTCO WHOLESALE CORPSOLE	COMMON STOCK	6.34K	SH	$6.00M 1.20%	5.27K	1.07K
VANGUARD FTSE DEVELOPED MARKETSSOLE	OTHER	116.39K	SH	$5.92M 1.19%	90.89K	25.50K
ISHARES RUSSELL 1000 GROWTH INDEX FDSOLE	OTHER	15.77K	SH	$5.69M 1.14%	15.77K	0.00
ISHARES MSCI EAFE INDEX FDSOLE	OTHER	68.74K	SH	$5.62M 1.13%	68.74K	0.00
JPMORGAN CHASE & COSOLE	COMMON STOCK	22.69K	SH	$5.57M 1.12%	17.58K	5.12K
ALPHABET INC CAP STK CL CSOLE	COMMON STOCK	29.49K	SH	$4.61M 0.93%	19.89K	9.60K
MASTERCARD INCSOLE	COMMON STOCK	6.81K	SH	$3.73M 0.75%	4.71K	2.10K
META PLATFORMS INC CL ASOLE	COMMON STOCK	6.04K	SH	$3.48M 0.70%	4.12K	1.93K
VANGUARD VALUE ETFSOLE	OTHER	19.40K	SH	$3.35M 0.67%	18.83K	567.00

Page 1 of 8

…