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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 10 of 22  ·  421 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
181 AAON AAON INC Industrials 8,509.0 $726K 0.05% -868.0 -9.3% $85.37 +57.7%
182 BMO BANK MONTREAL QUE Financial Services 5,401.0 $723K 0.05% +145.0 +2.8% $133.93 +20.2%
183 VWO VANGUARD INTL EQUITY INDEX F 12,805.0 $721K 0.05% +4K +46.3% $56.29 +4.8%
184 FDVV FIDELITY COVINGTON TRUST 12,605.0 $721K 0.05% +2K +21.9% $57.18 +6.2%
185 CARR CARRIER GLOBAL CORPORATION Industrials 13,008.0 $720K 0.05% -4K -23.1% $55.38 +14.0%
186 MRSH MARSH & MCLENNAN COS INC Financial Services 3,868.0 $718K 0.05% +281.0 +7.8% $185.63 -11.6%
187 VZ VERIZON COMMUNICATIONS INC Communication Services 17,942.0 $715K 0.05% -2K -8.5% $39.84 +21.4%
188 ISRG INTUITIVE SURGICAL INC Healthcare 1,233.0 $706K 0.05% +39.0 +3.3% $572.75 -23.5%
189 ROAD CONSTRUCTION PARTNERS INC Industrials 5,962.0 $698K 0.05% +4K +193.3% $117.09 -3.6%
190 CEG CONSTELLATION ENERGY CORP Utilities 2,044.0 $686K 0.05% +178.0 +9.5% $335.86 -12.4%
191 TYL TYLER TECHNOLOGIES INC Technology 1,510.0 $674K 0.04% -610.0 -28.8% $446.46 -29.8%
192 OLLI OLLIES BARGAIN OUTLET HLDGS Consumer Defensive 5,592.0 $668K 0.04% -76.0 -1.3% $119.51 -31.5%
193 IWM ISHARES TR 2,554.0 $668K 0.04% -74.0 -2.8% $261.50 +9.0%
194 NKE NIKE INC Consumer Cyclical 10,147.0 $666K 0.04% -2K -18.1% $65.64 -31.9%
195 CDNS CADENCE DESIGN SYSTEM INC Technology 2,002.0 $652K 0.04% -43.0 -2.1% $325.51 +14.8%
196 GUNR FLEXSHARES TR 13,545.0 $648K 0.04% -2K -12.9% $47.81 +13.5%
197 MAS MASCO CORP Industrials 9,254.0 $644K 0.04% -1K -10.8% $69.55 -3.3%
198 GEV GE VERNOVA INC Utilities 996.0 $637K 0.04% $639.77 +62.4%
199 RGEN REPLIGEN CORP Healthcare 3,770.0 $635K 0.04% -1K -27.2% $168.40 -31.7%
200 TXN TEXAS INSTRS INC Technology 3,333.0 $630K 0.04% -390.0 -10.5% $189.09 +63.5%
Page 10 of 22  ·  421 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%