Nicollet Investment Management, Inc.

Q4 2025 13F-HR Holdings

Location
Minneapolis, MN
Holdings as of
12/31/2025
Date filed
2/11/2026
Form type
13F-HR
Num holdings
74
Total value ($000)
$315,966
Net value change ($000)
+9,355 (3.1%)
New positions
6
Sold out positions
3
Turnover %
5.6%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/10/2025 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)
RSP 8,418 NEW
BSX 4,722 NEW
MDY 4,361 592.5%
GOOGL 2,849 16.5%
GOOGL 2,426 18.7%
AAPL 1,195 6.1%
AMZN 1,131 5.2%
ALGN 982 NEW
LYFT 927 NEW
MRNA 897 NEW
Top Reduces (Value $000, Stocks/ETFs)
MSFT -4,049 -15.7%
PANW -3,484 -53.6%
ORCL -3,285 -30.6%
FISV -3,205 -73.2%
META -1,641 -9.8%
NVO -1,101 -51.3%
NVDA -1,087 -7.8%
UBER -1,049 -16.3%
RMD -818 -11.7%
FAST -674 -17.9%
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