Nicollet Investment Management, Inc.

Q3 2025 13F-HR Holdings

Location
Minneapolis, MN
Holdings as of
9/30/2025
Date filed
11/10/2025
Form type
13F-HR
Num holdings
71
Total value ($000)
$306,611
Net value change ($000)
+7,998 (2.7%)
New positions
0
Sold out positions
2
Turnover %
0.4%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/7/2025 Next filing: 2/11/2026 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)
GOOGL 3,877 28.9%
GOOGL 3,498 36.8%
AAPL 3,167 19.4%
ORCL 2,120 24.6%
NVDA 1,594 13.0%
IWL 1,076 15.8%
UTHR 698 39.5%
IONS 515 62.8%
TJX 512 12.4%
FAST 422 12.6%
Top Reduces (Value $000, Stocks/ETFs)
FISV -1,660 -27.5%
GWW -1,100 -11.5%
SO -1,052 -100.0%
AMZN -844 -3.7%
V -814 -6.4%
ACN -774 -19.3%
META -698 -4.0%
CRM -661 -15.8%
NVO -602 -21.9%
NOW -516 -11.9%
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