NICOLET ADVISORY SERVICES, LLC

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
415
Total value ($000)
$1,285,360
Net value change ($000)
+110,002 (9.4%)
New positions
46
Sold out positions
39
Turnover %
1.6%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/13/2025 Next filing: 2/13/2026 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)
AAPL 15,929 48.4%
SPYV 13,416 8.2%
SPYG 12,591 8.5%
AVRE 6,864 48.2%
VEA 4,353 14.6%
AVEM 3,626 10.8%
GOOGL 2,812 31.6%
VOO 2,458 17.2%
ITOT 2,191 5.9%
SPY 2,141 29.3%
Top Reduces (Value $000, Stocks/ETFs)
SNPS -435 -100.0%
JPM -421 -2.9%
LECO -359 -100.0%
SKAA -352 -100.0%
AMLP -350 -3.4%
DE -340 -20.9%
PKG -336 -100.0%
PNW -304 -100.0%
CBOE -296 -100.0%
PB -294 -100.0%
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