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Portfolio (Quarterly) Guide ↗

NICOLET ADVISORY SERVICES, LLC

· CIK 0001775863
13F Portfolio $1.5B AUM 421 positions Filed Feb 13, 2026 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 35 New 196 Added 149 Reduced 29 Exited
Page 8 of 8  ·  149 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
141 HUBS HUBSPOT INC Technology 601.0 $226K 0.01% -435.0 -42.0% $375.96 -46.3%
142 BBWI BATH & BODY WORKS INC Consumer Cyclical 10,009.0 $226K 0.01% -1K -11.2% $22.57 -21.3%
143 BBAG J P MORGAN EXCHANGE TRADED F 4,841.0 $225K 0.01% -19K -79.7% $46.49 -1.8%
144 MGRC MCGRATH RENTCORP Industrials 1,969.0 $216K 0.01% -245.0 -11.1% $109.90 +0.2%
145 IT GARTNER INC Technology 891.0 $216K 0.01% -25.0 -2.7% $242.30 -34.0%
146 WEX WEX INC Technology 1,293.0 $208K 0.01% -69.0 -5.1% $160.83 -6.4%
147 CLF CLEVELAND-CLIFFS INC NEW Basic Materials 10,937.0 $141K 0.01% -3K -20.5% $12.91 -13.0%
148 CERT CERTARA INC Healthcare 13,092.0 $123K 0.01% -18K -57.2% $9.39 -44.2%
149 INV INNVENTURE INC Financial Services 14,311.0 $62K 0.00% -1K -7.3% $4.34 +53.0%
Page 8 of 8  ·  149 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 29.9%
Financial Services 18.4%
Industrials 10.2%
Consumer Defensive 10.1%
Consumer Cyclical 8.8%
Communication Services 7.9%
Healthcare 6.7%
Utilities 4.0%
Energy 2.7%
Basic Materials 0.8%