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Portfolio (Quarterly) Guide ↗

Nicollet Investment Management, Inc.

· CIK 0001729048
13F Portfolio $292M AUM 76 positions Filed May 13, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 3 New 3 Added 57 Reduced 1 Exited
Page 3 of 4  ·  76 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
41 VMI Valmont Inds Inc Industrials 4,975.0 $2.0M 0.68% -194.0 -3.8% $399.60 +42.7%
42 SYY Sysco Corp. Consumer Defensive 27,168.0 $1.9M 0.66% +548.0 +2.1% $71.33 +10.3%
43 ULTA Ulta Beauty Inc Consumer Cyclical 3,052.0 $1.6M 0.55% -135.0 -4.2% $522.61 -12.7%
44 EXPD Expeditors Int'l WA Industrials 10,698.0 $1.5M 0.53% -417.0 -3.8% $143.20 +12.7%
45 ALKS Alkermes Plc Healthcare 43,301.0 $1.5M 0.52% -1K -2.6% $35.36 +27.2%
46 MRNA Moderna Inc Healthcare 29,122.0 $1.5M 0.51% -1K -4.2% $50.79 +25.9%
47 IONS Ionis Pharmaceuticals Inc Healthcare 19,646.0 $1.5M 0.51% -877.0 -4.3% $75.08 -1.3%
48 GNRC Generac Holdings Inc Industrials 7,410.0 $1.4M 0.50% -324.0 -4.2% $195.28 +43.0%
49 NVO Novo-Nordisk AS Healthcare 39,205.0 $1.4M 0.49% +19K +90.6% $36.76 +17.5%
50 PYPL Paypal Holdings Inc Financial Services 27,459.0 $1.2M 0.42% -994.0 -3.5% $45.23 -6.0%
51 SCHA Schwab US Small Cap ETF 42,558.0 $1.2M 0.42% $29.09 +21.0%
52 FFIV F5 Networks, Inc Technology 4,153.0 $1.2M 0.41% -168.0 -3.9% $289.43 +33.2%
53 CTRA Coterra Energy Inc Energy 34,014.0 $1.2M 0.41% -1K -3.8% $35.13 -7.3%
54 ALGN Align Technology Inc Healthcare 6,042.0 $1.0M 0.35% -250.0 -4.0% $171.47 +6.2%
55 KNX Knight Swift Transportation Industrials 17,226.0 $992K 0.34% -751.0 -4.2% $57.59 +28.8%
56 IVV IShares Core S&P 500 ETF 1,485.0 $970K 0.33% $653.20 +14.8%
57 RDN Radian Group Inc Financial Services 28,786.0 $952K 0.33% -1K -4.2% $33.07 +4.9%
58 FISV Fiserv Inc Technology 17,066.0 $952K 0.33% -440.0 -2.5% $55.78 -14.2%
59 SPY SPDR S&P 500 ETF Financial Services 1,348.0 $877K 0.30% -12.0 -0.9% $650.59 +14.8%
60 FIS FIS Technology 18,123.0 $850K 0.29% -554.0 -3.0% $46.90 -18.5%
Page 3 of 4  ·  76 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 27.7%
Communication Services 16.7%
Consumer Cyclical 11.9%
Industrials 11.9%
Financial Services 10.2%
Healthcare 9.3%
Energy 4.2%
Real Estate 2.9%
Consumer Defensive 2.6%
Basic Materials 2.4%