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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 2 of 22  ·  421 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 GOOGL ALPHABET INC Communication Services 47,777.0 $15.9M 1.07% $331.86 +15.4%
22 WEC WEC ENERGY GROUP INC Utilities 138,208.0 $14.5M 0.98% +4K +2.7% $105.00 +8.0%
23 VB VANGUARD INDEX FDS 50,012.0 $13.6M 0.92% +9K +23.2% $272.21 +6.2%
24 IVV ISHARES TR 18,022.0 $12.6M 0.85% +165.0 +0.9% $698.25 +7.3%
25 VTV VANGUARD INDEX FDS 62,921.0 $12.4M 0.83% +7K +12.7% $196.90 +7.1%
26 VGSH VANGUARD SCOTTSDALE FDS 194,125.0 $11.4M 0.77% -12K -5.7% $58.74 -0.9%
27 GOOG ALPHABET INC Communication Services 33,704.0 $11.2M 0.76% +10K +43.1% $332.73 +14.0%
28 MUB ISHARES TR 99,281.0 $10.7M 0.72% +3K +3.1% $107.55 -1.3%
29 SPY SPDR S&P 500 ETF TR Financial Services 14,510.0 $10.1M 0.68% +396.0 +2.8% $695.16 +7.3%
30 SUB ISHARES TR 77,478.0 $8.3M 0.56% +10K +14.2% $106.92 -0.6%
31 YLD PRINCIPAL EXCHANGE TRADED FD 433,302.0 $8.3M 0.56% -106K -19.7% $19.09 -0.4%
32 VUG VANGUARD INDEX FDS 16,740.0 $8.2M 0.56% -1K -8.0% $492.53 -82.2%
33 HD HOME DEPOT INC Consumer Cyclical 21,667.0 $8.1M 0.55% +607.0 +2.9% $374.95 -16.5%
34 KO COCA COLA CO Consumer Defensive 114,363.0 $8.1M 0.54% +18K +19.2% $70.50 +15.6%
35 AMLP ALPS ETF TR 160,871.0 $7.8M 0.53% -53K -24.9% $48.41 +12.6%
36 META META PLATFORMS INC Communication Services 11,446.0 $7.3M 0.49% +2K +17.0% $641.98 -4.9%
37 AMJB JPMORGAN CHASE FINL CO LLC Financial Services 211,761.0 $6.5M 0.44% -281K -57.0% $30.92 +19.8%
38 OSK OSHKOSH CORP Industrials 42,601.0 $6.4M 0.43% $149.65 -14.1%
39 WMT WALMART INC Consumer Defensive 49,948.0 $5.9M 0.40% +2K +4.4% $117.97 +1.9%
40 AVGO BROADCOM INC Technology 16,047.0 $5.7M 0.38% +3K +21.3% $352.21 +17.6%
Page 2 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%