NICOLET BANKSHARES INC

Q4 2025 13F-HR Holdings

Location
Green Bay, WI
Holdings as of
12/31/2025
Date filed
2/9/2026
Form type
13F-HR
Num holdings
226
Total value ($000)
$623,976
Net value change ($000)
+1,700 (0.3%)
New positions
21
Sold out positions
13
Turnover %
9.8%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/13/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 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)
SPYM 40,167 NEW
VONE 9,856 NEW
AVRE 8,273 103412.5%
VOO 4,471 17.0%
VEA 2,856 30.1%
AVEM 2,587 17.1%
GOOGL 2,301 44.4%
CWI 1,633 97.6%
VO 1,519 81.1%
DFAC 1,384 95.1%
Top Reduces (Value $000, Stocks/ETFs)
SPYV -18,417 -31.4%
SPYG -16,824 -41.4%
NIC -12,180 -10.2%
MSFT -2,987 -19.0%
NVDA -2,861 -20.2%
COST -1,694 -28.5%
JPM -1,470 -25.5%
ORCL -1,397 -40.1%
IBIT -1,285 -100.0%
JPM -1,243 -16.5%
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.
Filter:
Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type