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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 6 of 22  ·  421 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
101 NSC NORFOLK SOUTHN CORP Industrials 5,299.0 $1.5M 0.10% +648.0 +13.9% $288.75 +8.9%
102 TFI SPDR SERIES TRUST 31,802.0 $1.5M 0.10% -2K -5.1% $45.93 -1.6%
103 TMO THERMO FISHER SCIENTIFIC INC Healthcare 2,329.0 $1.4M 0.10% -240.0 -9.3% $615.52 -27.2%
104 RBC RBC BEARINGS INC Industrials 2,910.0 $1.4M 0.10% -27.0 -0.9% $488.31 +14.7%
105 PANW PALO ALTO NETWORKS INC Technology 7,511.0 $1.4M 0.10% +3K +58.2% $188.88 +38.0%
106 MS MORGAN STANLEY Financial Services 7,600.0 $1.4M 0.10% +121.0 +1.6% $186.57 +7.8%
107 MRK MERCK & CO INC Healthcare 12,786.0 $1.4M 0.09% +1K +9.1% $109.19 +12.1%
108 CVS CVS HEALTH CORP Healthcare 17,352.0 $1.4M 0.09% +3K +22.6% $80.36 +16.1%
109 PLTR PALANTIR TECHNOLOGIES INC Technology 7,734.0 $1.4M 0.09% -305.0 -3.8% $179.41 -23.7%
110 ICE INTERCONTINENTAL EXCHANGE IN Financial Services 8,184.0 $1.4M 0.09% +1K +19.0% $166.25 -8.0%
111 DE DEERE & CO Industrials 2,752.0 $1.4M 0.09% -33.0 -1.2% $490.80 +7.8%
112 UNH UNITEDHEALTH GROUP INC Healthcare 3,893.0 $1.3M 0.09% -104.0 -2.6% $340.52 +14.1%
113 LOW LOWES COS INC Consumer Cyclical 4,838.0 $1.3M 0.09% +1K +33.6% $270.90 -20.6%
114 SPMD SPDR SERIES TRUST 21,482.0 $1.3M 0.09% -9K -30.0% $60.74 +6.1%
115 IWD ISHARES TR 5,961.0 $1.3M 0.09% -1K -16.9% $217.73 +8.5%
116 VOT VANGUARD INDEX FDS 4,473.0 $1.3M 0.09% -205.0 -4.4% $286.48 +1.6%
117 KEYS KEYSIGHT TECHNOLOGIES INC Technology 6,105.0 $1.3M 0.09% +193.0 +3.3% $208.73 +66.0%
118 PFE PFIZER INC Healthcare 49,120.0 $1.2M 0.08% +7K +15.5% $25.27 +2.5%
119 GSK GSK PLC Healthcare 24,429.0 $1.2M 0.08% +9K +61.1% $50.39 +2.0%
120 SLB SLB LIMITED Energy 26,954.0 $1.2M 0.08% +7K +34.7% $45.15 +26.9%
Page 6 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%