Filed: 11/13/2025ACC: 0001174850-25-000085
📋 What this filing means
NICOLET BANKSHARES INC filed this quarterly 13F‑HR report disclosing 219 equity positions with a total reported market value of $622.28M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
219
Positions
$622.28M
Total AUM (reported)
5.48M
Total Shares
Allocation by class
COMMON STOCK$332.89M53.5%
OTHER$289.39M46.5%
Portfolio Concentration
Top 3$218.55M35.1%
4–10$114.63M18.4%
11–25$101.00M16.2%
Rest$188.09M30.2%
Top 3 weight
35.1%
Top 10 weight
53.5%
Voting Authority Distribution
Total shares with voting rights: 5.48M
Sole
Full voting authority
4.30M
shares
% of voting shares78.4%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
1.18M
shares
% of voting shares21.6%
Investment Discretion (by position count)
Sole215
Shared0
Other4
Dominant voting typeSole · 78.4% of voting shares
Institutional Holdings219
Rows:
NICOLET BANKSHARES INC
SOLEShares887.04K
TypeSH
Market value$119.31M
19.17%
Sole
0.00
Shared
0.00
None
887.04K
STATE STREET SPDR PORTFOLIO S&P 500 VALUE ETF
SOLEShares1.06M
TypeSH
Market value$58.58M
9.41%
Sole
1.06M
Shared
0.00
None
1.96K
STATE STREET SPDR S&P 500 GROWTH ETF
SOLEShares389.11K
TypeSH
Market value$40.67M
6.53%
Sole
387.68K
Shared
0.00
None
1.43K
VANGUARD S&P 500 ETF
SOLEShares42.91K
TypeSH
Market value$26.28M
4.22%
Sole
42.91K
Shared
0.00
None
0.00
APPLE INC
SOLEShares66.54K
TypeSH
Market value$16.94M
2.72%
Sole
56.80K
Shared
0.00
None
9.74K
MICROSOFT CORP
SOLEShares30.29K
TypeSH
Market value$15.69M
2.52%
Sole
23.80K
Shared
0.00
None
6.49K
AVANTIS EMERGING MARKETS EQUITY ETF
SOLEShares201.82K
TypeSH
Market value$15.16M
2.44%
Sole
186.62K
Shared
0.00
None
15.20K
NVIDIA CORP
SOLEShares75.93K
TypeSH
Market value$14.17M
2.28%
Sole
56.28K
Shared
0.00
None
19.65K
SPDR S&P 500 ETF TRUST
OTRShares20.13K
TypeSH
Market value$13.41M
2.16%
Sole
19.88K
Shared
0.00
None
251.00
ISHARES S&P 500 BARRA GROWTH INDEX FUND
SOLEShares107.58K
TypeSH
Market value$12.99M
2.09%
Sole
107.58K
Shared
0.00
None
0.00
ISHARES CORE S&P 500 ETF
SOLEShares14.59K
TypeSH
Market value$9.77M
1.57%
Sole
13.74K
Shared
0.00
None
855.00
VANGUARD FTSE DEVELOPED MARKETS
SOLEShares158.50K
TypeSH
Market value$9.50M
1.53%
Sole
135K
Shared
0.00
None
23.50K
AVANTIS INVESTORS
SOLEShares184.51K
TypeSH
Market value$8.21M
1.32%
Sole
184.17K
Shared
0.00
None
334.00
JPMORGAN CHASE & CO
SOLEShares23.86K
TypeSH
Market value$7.53M
1.21%
Sole
18.89K
Shared
0.00
None
4.96K
AMAZON.COM INC
SOLEShares34.26K
TypeSH
Market value$7.52M
1.21%
Sole
24.20K
Shared
0.00
None
10.06K
ALPHABET INC CAP STK CL C
SOLEShares28.50K
TypeSH
Market value$6.94M
1.12%
Sole
18.90K
Shared
0.00
None
9.60K
ISHARES RUSSELL 1000 GROWTH INDEX FD
SOLEShares14.77K
TypeSH
Market value$6.92M
1.11%
Sole
14.77K
Shared
0.00
None
0.00
ISHARES MSCI EAFE INDEX FD
SOLEShares67.26K
TypeSH
Market value$6.28M
1.01%
Sole
67.26K
Shared
0.00
None
0.00
ALPS ETF TR ALERIAN MLP ETF NEW
OTRShares130.98K
TypeSH
Market value$6.15M
0.99%
Sole
130.98K
Shared
0.00
None
0.00
COSTCO WHOLESALE CORP
SOLEShares6.42K
TypeSH
Market value$5.94M
0.95%
Sole
5.35K
Shared
0.00
None
1.07K
JPM ALERIAN MLP INDEX ETN 1/28/2044
SOLEShares194.98K
TypeSH
Market value$5.76M
0.92%
Sole
194.51K
Shared
0.00
None
468.00
ISHARES S&P 500/VALUE
SOLEShares26.79K
TypeSH
Market value$5.53M
0.89%
Sole
26.79K
Shared
0.00
None
0.00
ALPHABET INC CAP STK CL A
SOLEShares21.32K
TypeSH
Market value$5.18M
0.83%
Sole
21.32K
Shared
0.00
None
0.00
META PLATFORMS INC CL A
SOLEShares6.74K
TypeSH
Market value$4.95M
0.79%
Sole
4.81K
Shared
0.00
None
1.93K
VANGUARD TOTAL STOCK MARKET ETF
SOLEShares14.74K
TypeSH
Market value$4.84M
0.78%
Sole
14.74K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
NICOLET BANKSHARES INCSOLE | COMMON STOCK | 887.04K | SH | $119.31M 19.17% | 0.00 | 0.00 | 887.04K |
STATE STREET SPDR PORTFOLIO S&P 500 VALUE ETFSOLE | OTHER | 1.06M | SH | $58.58M 9.41% | 1.06M | 0.00 | 1.96K |
STATE STREET SPDR S&P 500 GROWTH ETFSOLE | OTHER | 389.11K | SH | $40.67M 6.53% | 387.68K | 0.00 | 1.43K |
VANGUARD S&P 500 ETFSOLE | OTHER | 42.91K | SH | $26.28M 4.22% | 42.91K | 0.00 | 0.00 |
APPLE INCSOLE | COMMON STOCK | 66.54K | SH | $16.94M 2.72% | 56.80K | 0.00 | 9.74K |
MICROSOFT CORPSOLE | COMMON STOCK | 30.29K | SH | $15.69M 2.52% | 23.80K | 0.00 | 6.49K |
AVANTIS EMERGING MARKETS EQUITY ETFSOLE | OTHER | 201.82K | SH | $15.16M 2.44% | 186.62K | 0.00 | 15.20K |
NVIDIA CORPSOLE | COMMON STOCK | 75.93K | SH | $14.17M 2.28% | 56.28K | 0.00 | 19.65K |
SPDR S&P 500 ETF TRUSTOTR | OTHER | 20.13K | SH | $13.41M 2.16% | 19.88K | 0.00 | 251.00 |
ISHARES S&P 500 BARRA GROWTH INDEX FUNDSOLE | OTHER | 107.58K | SH | $12.99M 2.09% | 107.58K | 0.00 | 0.00 |
ISHARES CORE S&P 500 ETFSOLE | OTHER | 14.59K | SH | $9.77M 1.57% | 13.74K | 0.00 | 855.00 |
VANGUARD FTSE DEVELOPED MARKETSSOLE | OTHER | 158.50K | SH | $9.50M 1.53% | 135K | 0.00 | 23.50K |
AVANTIS INVESTORSSOLE | OTHER | 184.51K | SH | $8.21M 1.32% | 184.17K | 0.00 | 334.00 |
JPMORGAN CHASE & COSOLE | COMMON STOCK | 23.86K | SH | $7.53M 1.21% | 18.89K | 0.00 | 4.96K |
AMAZON.COM INCSOLE | COMMON STOCK | 34.26K | SH | $7.52M 1.21% | 24.20K | 0.00 | 10.06K |
ALPHABET INC CAP STK CL CSOLE | COMMON STOCK | 28.50K | SH | $6.94M 1.12% | 18.90K | 0.00 | 9.60K |
ISHARES RUSSELL 1000 GROWTH INDEX FDSOLE | OTHER | 14.77K | SH | $6.92M 1.11% | 14.77K | 0.00 | 0.00 |
ISHARES MSCI EAFE INDEX FDSOLE | OTHER | 67.26K | SH | $6.28M 1.01% | 67.26K | 0.00 | 0.00 |
ALPS ETF TR ALERIAN MLP ETF NEWOTR | OTHER | 130.98K | SH | $6.15M 0.99% | 130.98K | 0.00 | 0.00 |
COSTCO WHOLESALE CORPSOLE | COMMON STOCK | 6.42K | SH | $5.94M 0.95% | 5.35K | 0.00 | 1.07K |
JPM ALERIAN MLP INDEX ETN 1/28/2044SOLE | OTHER | 194.98K | SH | $5.76M 0.92% | 194.51K | 0.00 | 468.00 |
ISHARES S&P 500/VALUESOLE | OTHER | 26.79K | SH | $5.53M 0.89% | 26.79K | 0.00 | 0.00 |
ALPHABET INC CAP STK CL ASOLE | COMMON STOCK | 21.32K | SH | $5.18M 0.83% | 21.32K | 0.00 | 0.00 |
META PLATFORMS INC CL ASOLE | COMMON STOCK | 6.74K | SH | $4.95M 0.79% | 4.81K | 0.00 | 1.93K |
VANGUARD TOTAL STOCK MARKET ETFSOLE | OTHER | 14.74K | SH | $4.84M 0.78% | 14.74K | 0.00 | 0.00 |
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