NICOLET BANKSHARES INC

PublicCIK: 1174850

NICNYSE

Location

GREEN BAY, WI

864

Positions

$3.15B

Total AUM (reported)

33.83M

Total Shares

Allocation by class

OTHER$792.61M25.2%

COMMON STOCK$614.15M19.5%

COM$435.86M13.9%

ST STR P500ETF$361.45M11.5%

ST STR P500VAL$76.01M2.4%

AVANTIS EMGMKT$72.34M2.3%

ST STR P500GRW$68.11M2.2%

Portfolio Concentration

Top 3$517.83M16.5%

4–10$424.99M13.5%

11–25$464.83M14.8%

Rest$1.74B55.2%

Top 3 weight

16.5%

Top 10 weight

30.0%

Voting Authority Distribution

Total shares with voting rights: 33.83M

Sole

Full voting authority

15.29M

% of voting shares45.2%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

18.54M

% of voting shares54.8%

Investment Discretion (by position count)

Sole859

Shared0

Other5

Dominant voting typeNone · 54.8% of voting shares

Institutional Holdings864

Rows:

SPDR SERIES TRUST

SOLE

ST STR P500ETF

Shares4.09M

TypeSH

Market value$361.45M

11.49%

Sole

0.00

Shared

0.00

None

4.09M

STATE STREET SPDR

SOLE

OTHER

Shares914.58K

TypeSH

Market value$80.37M

2.56%

Sole

913.02K

Shared

0.00

None

1.56K

SPDR SERIES TRUST

SOLE

ST STR P500VAL

Shares1.23M

TypeSH

Market value$76.01M

2.42%

Sole

2.49K

Shared

0.00

None

1.23M

AMERICAN CENTY ETF TR

SOLE

AVANTIS EMGMKT

Shares759.02K

TypeSH

Market value$72.34M

2.30%

Sole

850.00

Shared

0.00

None

758.17K

SPDR SERIES TRUST

SOLE

ST STR P500GRW

Shares573.82K

TypeSH

Market value$68.11M

2.17%

Sole

1.21K

Shared

0.00

None

572.61K

VANGUARD TAX-MANAGED FDS

SOLE

VAN FTSE DEV MKT

Shares934.15K

TypeSH

Market value$67.16M

2.14%

Sole

0.00

Shared

0.00

None

934.15K

APPLE INC

SOLE

COM

Shares202.64K

TypeSH

Market value$63.36M

2.01%

Sole

0.00

Shared

0.00

None

202.64K

ISHARES TR

SOLE

CORE S&P TTL STK

Shares331.61K

TypeSH

Market value$54.74M

1.74%

Sole

0.00

Shared

0.00

None

331.61K

APPLE INC

SOLE

COMMON STOCK

Shares184.58K

TypeSH

Market value$53.41M

1.70%

Sole

182.93K

Shared

0.00

None

1.66K

FIDELITY MERRIMACK STR TR

SOLE

TOTAL BD ETF

Shares1.01M

TypeSH

Market value$45.88M

1.46%

Sole

0.00

Shared

0.00

None

1.01M

VANGUARD INDEX FDS

SOLE

MID CAP ETF

Shares532.54K

TypeSH

Market value$43.09M

1.37%

Sole

0.00

Shared

0.00

None

532.54K

SPDR SER TR

SOLE

OTHER

Shares655.31K

TypeSH

Market value$39.84M

1.27%

Sole

655.31K

Shared

0.00

None

0.00

SCHWAB STRATEGIC TR

SOLE

OTHER

Shares1.13M

TypeSH

Market value$39.21M

1.25%

Sole

1.13M

Shared

0.00

None

353.00

VANGUARD MUN BD FDS

SOLE

TAX EXEMPT BD

Shares769.78K

TypeSH

Market value$38.90M

1.24%

Sole

0.00

Shared

0.00

None

769.78K

VANGUARD INDEX FDS

SOLE

OTHER

Shares53.09K

TypeSH

Market value$36.46M

1.16%

Sole

53.09K

Shared

0.00

None

0.00

VANGUARD SCOTTSDALE FDS

SOLE

OTHER

Shares259.04K

TypeSH

Market value$33.11M

1.05%

Sole

258.98K

Shared

0.00

None

63.00

BERKSHIRE HATHAWAY INC DEL

SOLE

CL B NEW

Shares58.50K

TypeSH

Market value$29.63M

0.94%

Sole

0.00

Shared

0.00

None

58.50K

AMERICAN CENTY ETF TR

SOLE

OTHER

Shares299.35K

TypeSH

Market value$28.88M

0.92%

Sole

299.03K

Shared

0.00

None

319.00

VICTORY PORTFOLIOS II

SOLE

CORE BD ETF

Shares611.42K

TypeSH

Market value$28.62M

0.91%

Sole

0.00

Shared

0.00

None

611.42K

ISHARES TR

SOLE

OTHER

Shares259.83K

TypeSH

Market value$27.96M

0.89%

Sole

259.81K

Shared

0.00

None

20.00

SPDR SER TR

SOLE

OTHER

Shares221.17K

TypeSH

Market value$26.32M

0.84%

Sole

221.17K

Shared

0.00

None

0.00

ISHARES TR

SOLE

OTHER

Shares260.83K

TypeSH

Market value$25.19M

0.80%

Sole

260.79K

Shared

0.00

None

46.00

NVIDIA CORPORATION

SOLE

COM

Shares117.79K

TypeSH

Market value$23.03M

0.73%

Sole

0.00

Shared

0.00

None

117.79K

MICROSOFT CORP

SOLE

COMMON STOCK

Shares60.17K

TypeSH

Market value$22.45M

0.71%

Sole

59.08K

Shared

0.00

None

1.09K

JPMORGAN CHASE & CO

SOLE

COM

Shares65.53K

TypeSH

Market value$22.13M

0.70%

Sole

0.00

Shared

0.00

None

65.53K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
SPDR SERIES TRUSTSOLE	ST STR P500ETF	4.09M	SH	$361.45M 11.49%	0.00	4.09M
STATE STREET SPDRSOLE	OTHER	914.58K	SH	$80.37M 2.56%	913.02K	1.56K
SPDR SERIES TRUSTSOLE	ST STR P500VAL	1.23M	SH	$76.01M 2.42%	2.49K	1.23M
AMERICAN CENTY ETF TRSOLE	AVANTIS EMGMKT	759.02K	SH	$72.34M 2.30%	850.00	758.17K
SPDR SERIES TRUSTSOLE	ST STR P500GRW	573.82K	SH	$68.11M 2.17%	1.21K	572.61K
VANGUARD TAX-MANAGED FDSSOLE	VAN FTSE DEV MKT	934.15K	SH	$67.16M 2.14%	0.00	934.15K
APPLE INCSOLE	COM	202.64K	SH	$63.36M 2.01%	0.00	202.64K
ISHARES TRSOLE	CORE S&P TTL STK	331.61K	SH	$54.74M 1.74%	0.00	331.61K
APPLE INCSOLE	COMMON STOCK	184.58K	SH	$53.41M 1.70%	182.93K	1.66K
FIDELITY MERRIMACK STR TRSOLE	TOTAL BD ETF	1.01M	SH	$45.88M 1.46%	0.00	1.01M
VANGUARD INDEX FDSSOLE	MID CAP ETF	532.54K	SH	$43.09M 1.37%	0.00	532.54K
SPDR SER TRSOLE	OTHER	655.31K	SH	$39.84M 1.27%	655.31K	0.00
SCHWAB STRATEGIC TRSOLE	OTHER	1.13M	SH	$39.21M 1.25%	1.13M	353.00
VANGUARD MUN BD FDSSOLE	TAX EXEMPT BD	769.78K	SH	$38.90M 1.24%	0.00	769.78K
VANGUARD INDEX FDSSOLE	OTHER	53.09K	SH	$36.46M 1.16%	53.09K	0.00
VANGUARD SCOTTSDALE FDSSOLE	OTHER	259.04K	SH	$33.11M 1.05%	258.98K	63.00
BERKSHIRE HATHAWAY INC DELSOLE	CL B NEW	58.50K	SH	$29.63M 0.94%	0.00	58.50K
AMERICAN CENTY ETF TRSOLE	OTHER	299.35K	SH	$28.88M 0.92%	299.03K	319.00
VICTORY PORTFOLIOS IISOLE	CORE BD ETF	611.42K	SH	$28.62M 0.91%	0.00	611.42K
ISHARES TRSOLE	OTHER	259.83K	SH	$27.96M 0.89%	259.81K	20.00
SPDR SER TRSOLE	OTHER	221.17K	SH	$26.32M 0.84%	221.17K	0.00
ISHARES TRSOLE	OTHER	260.83K	SH	$25.19M 0.80%	260.79K	46.00
NVIDIA CORPORATIONSOLE	COM	117.79K	SH	$23.03M 0.73%	0.00	117.79K
MICROSOFT CORPSOLE	COMMON STOCK	60.17K	SH	$22.45M 0.71%	59.08K	1.09K
JPMORGAN CHASE & COSOLE	COM	65.53K	SH	$22.13M 0.70%	0.00	65.53K

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