NICOLET ADVISORY SERVICES, LLC

Q4 2025 13F-HR Holdings

Location
Green Bay, WI
Holdings as of
12/31/2025
Date filed
2/13/2026
Form type
13F-HR
Num holdings
421
Total value ($000)
$1,484,480
Net value change ($000)
+199,120 (15.5%)
New positions
35
Sold out positions
29
Turnover %
2.6%
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 292,759 11351.6%
AVEM 24,075 65.0%
VEA 12,589 36.8%
VOO 7,471 44.6%
ITOT 7,398 18.8%
VTEB 7,046 25.1%
GOOGL 5,395 92.7%
VONE 5,090 NEW
VO 4,979 18.2%
GOOGL 4,139 35.3%
Top Reduces (Value $000, Stocks/ETFs)
SPYV -106,325 -60.2%
SPYG -97,796 -60.7%
JPM -7,739 -54.2%
AVRE -3,976 -18.8%
IGF -3,756 -86.0%
RTX -2,332 -100.0%
AMLP -2,172 -21.8%
YLD -2,148 -20.6%
TRV -2,060 -100.0%
PG -1,733 -8.9%
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