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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 11 of 22  ·  421 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
201 TSM TAIWAN SEMICONDUCTOR MFG LTD Technology 1,890.0 $627K 0.04% $331.77 +24.2%
202 CMI CUMMINS INC Industrials 1,101.0 $619K 0.04% +17.0 +1.6% $562.18 +17.3%
203 MIDWESTONE FINL GROUP INC NE 15,496.0 $618K 0.04% NEW $39.88
204 AGG ISHARES TR 6,148.0 $615K 0.04% -7K -52.8% $100.11 -1.4%
205 IGF ISHARES TR 9,908.0 $613K 0.04% -61K -86.0% $61.85 +9.6%
206 ORLY OREILLY AUTOMOTIVE INC Consumer Cyclical 6,361.0 $608K 0.04% +811.0 +14.6% $95.60 -7.9%
207 RYAN RYAN SPECIALTY HOLDINGS INC Financial Services 11,911.0 $604K 0.04% -401.0 -3.3% $50.75 -34.5%
208 IWN ISHARES TR 3,152.0 $604K 0.04% +1K +85.0% $191.61 +11.9%
209 IJR ISHARES TR 4,724.0 $598K 0.04% +829.0 +21.3% $126.54 +9.9%
210 UBER UBER TECHNOLOGIES INC Technology 6,973.0 $590K 0.04% -2K -18.4% $84.67 -16.9%
211 IYW ISHARES TR 2,893.0 $586K 0.04% +37.0 +1.3% $202.42 +21.9%
212 SHM SPDR SERIES TRUST 12,074.0 $581K 0.04% -3K -18.8% $48.15 -0.8%
213 PYPL PAYPAL HLDGS INC Financial Services 10,123.0 $580K 0.04% +901.0 +9.8% $57.29 -23.0%
214 IBIT ISHARES BITCOIN TRUST ETF Financial Services 11,074.0 $574K 0.04% +4K +49.2% $51.87 -15.7%
215 ADBE ADOBE INC Technology 1,715.0 $562K 0.04% -274.0 -13.8% $327.65 -26.3%
216 AMGN AMGEN INC Healthcare 1,699.0 $553K 0.04% -114.0 -6.3% $325.62 +4.0%
217 DSGX DESCARTES SYS GROUP INC Technology 6,094.0 $540K 0.04% -813.0 -11.8% $88.62 -20.0%
218 ENTERGY CORP NEW 5,745.0 $537K 0.04% +67.0 +1.2% $93.50
219 FERG FERGUSON ENTERPRISES INC Industrials 2,195.0 $530K 0.04% -350.0 -13.8% $241.53 -6.6%
220 SCHD SCHWAB STRATEGIC TR 18,544.0 $529K 0.04% -361.0 -1.9% $28.50 +14.9%
Page 11 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%