NICOLET BANKSHARES INC

Q3 2025 13F-HR Holdings

Location
Green Bay, WI
Holdings as of
9/30/2025
Date filed
11/13/2025
Form type
13F-HR
Num holdings
219
Total value ($000)
$622,276
Net value change ($000)
+43,531 (7.5%)
New positions
17
Sold out positions
6
Turnover %
1.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/13/2025 Next filing: 2/9/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
NIC 9,746 8.9%
AAPL 3,188 23.2%
SPYG 3,101 8.3%
VOO 2,584 10.9%
NVDA 2,041 16.8%
AVEM 1,785 13.3%
GOOGL 1,782 34.5%
CWI 1,674 NEW
GOOGL 1,506 40.9%
VEA 1,152 13.8%
Top Reduces (Value $000, Stocks/ETFs)
AVRE -6,495 -99.9%
BND -1,072 -40.2%
IVE -747 -11.9%
CMG -630 -33.7%
AMLP -600 -8.9%
SPY -558 -4.0%
TFC -437 -48.9%
IVW -409 -3.1%
GUNR -400 -24.6%
COST -356 -5.7%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type