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Nicolet Bankshares Inc

NIC
Exchange
NYSE
Industry
National Commercial Banks
SEC CIK
0001174850

In the last 90 days, Nicolet Bankshares Inc insiders filed 0 open-market purchases and 2 sales; 255 institutions reported holding it in 13F filings for Q2 2026, worth $2.17B in total; no superinvestor holds it.

13F holders, Q3 2025

Institutional positions in Nicolet Bankshares Inc as of Sep 30, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
181
+17 vs. Q2 2025
Shares held
7.37M
−159.3K (−2.1%) vs. Q2 2025
Total value
$990.6M
+$61.0M (+6.6%) vs. Q2 2025
New holders
29
58 more added
Sold out
12
58 more reduced

1 institution that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q2 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting NIC on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ3 2025: 181 institutions
Q1 2021: 97 institutionsQ2 2021: 108 institutionsQ3 2021: 122 institutionsQ4 2021: 132 institutionsQ1 2022: 137 institutionsQ2 2022: 134 institutionsQ3 2022: 126 institutionsQ4 2022: 130 institutionsQ1 2023: 119 institutionsQ2 2023: 114 institutionsQ3 2023: 116 institutionsQ4 2023: 119 institutionsQ1 2024: 124 institutionsQ2 2024: 121 institutionsQ3 2024: 141 institutionsQ4 2024: 152 institutionsQ1 2025: 158 institutionsQ2 2025: 165 institutionsQ3 2025: 181 institutionsQ4 2025: 200 institutionsQ1 2026: 240 institutionsQ2 2026: 255 institutions
Value heldQ3 2025: $990.6M
Q1 2021: $333.7MQ2 2021: $291.8MQ3 2021: $378.9MQ4 2021: $441.1MQ1 2022: $533.7MQ2 2022: $405.3MQ3 2022: $389.0MQ4 2022: $383.4MQ1 2023: $315.6MQ2 2023: $363.5MQ3 2023: $375.2MQ4 2023: $445.4MQ1 2024: $500.6MQ2 2024: $491.0MQ3 2024: $581.6MQ4 2024: $668.6MQ1 2025: $828.9MQ2 2025: $929.8MQ3 2025: $990.6MQ4 2025: $992.1MQ1 2026: $1.66BQ2 2026: $2.17B
Institutions holding NIC and their total value by quarter
QuarterHoldersValue
Q2 2026255$2.17B
Q1 2026240$1.66B
Q4 2025200$992.1M
Q3 2025181$990.6M
Q2 2025165$929.8M
Q1 2025158$828.9M
Q4 2024152$668.6M
Q3 2024141$581.6M
Q2 2024121$491.0M
Q1 2024124$500.6M
Q4 2023119$445.4M
Q3 2023116$375.2M
Q2 2023114$363.5M
Q1 2023119$315.6M
Q4 2022130$383.4M
Q3 2022126$389.0M
Q2 2022134$405.3M
Q1 2022137$533.7M
Q4 2021132$441.1M
Q3 2021122$378.9M
Q2 2021108$291.8M
Q1 202197$333.7M

Institutions, Q3 2025

Shares, value and share of portfolio for each institution holding Nicolet Bankshares Inc; share changes are against Q2 2025.

Institutions holding NIC in Q3 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Schaper Benz & Wise Investment Counsel Inc6,379$858.0K0.06%00.0%Unchanged
Susquehanna Fundamental Investments, LLC6,449$867.4K0.03%−706−9.9%Reduced
Dark Forest Capital Management LP6,799$914.5K0.03%+3,579+111.1%Added
Sequoia Financial Advisors, LLC6,982$939.1K0.01%+20.0%Added
Franklin Resources Inc7,016$943.7K0.00%+4,567+186.5%Added
Johnson Financial Group, Inc.7,500$1.01M0.04%+7,500New
Associated Banc-Corp7,775$1.05M0.03%00.0%Unchanged
Mercer Global Advisors Inc7,790$1.05M0.00%+26+0.3%Added
MetLife Investment Management8,002$1.08M0.01%00.0%Unchanged
Cubist Systematic Strategies, LLC8,035$1.08M0.02%+5,295+193.2%Added
Fisher Asset Management, LLC8,141$1.09M0.00%−1,433−15.0%Reduced
The PNC Financial Services Group, Inc.8,626$1.16M0.00%00.0%Unchanged
AQR Capital Management LLC8,756$1.18M0.00%−23−0.3%Reduced
Kennedy Capital Management, Inc.9,423$1.27M0.03%−1,301−12.1%Reduced
Northwestern Mutual Wealth Management Co9,428$1.27M0.00%+9+0.1%Added
Stephenson National Bank & Trust9,540$1.28M0.39%00.0%Unchanged
SG Americas Securities, LLC9,913$1.33M0.00%+3,327+50.5%Added
Dana Investment Advisors, Inc.10,000$1.34M0.04%00.0%Unchanged
Citigroup Inc10,009$1.35M0.00%−2,842−22.1%Reduced
Wells Fargo & Company10,246$1.38M0.00%+1,701+19.9%Added
Jane Street Group, LLC10,495$1.41M0.00%−1,627−13.4%Reduced
Principal Financial Group Inc11,017$1.48M0.00%+1,655+17.7%Added
Deutsche Bank AG11,036$1.48M0.00%+1,538+16.2%Added
Sugar Maple Asset Management, LLC11,244$1.51M1.08%−75−0.7%Reduced
Susquehanna International Group, LLP11,387$1.53M0.00%−21,386−65.3%Reduced
Bowman & Co S.C.11,744$1.58M0.67%−148−1.2%Reduced
Caldwell Trust Co12,578$1.69M0.16%00.0%Unchanged
California State Teachers Retirement System13,364$1.80M0.00%+849+6.8%Added
Rafferty Asset Management, LLC13,394$1.80M0.01%+4,311+47.5%Added
Panagora Asset Management Inc13,558$1.82M0.01%−5,672−29.5%Reduced
Jackson Creek Investment Advisors LLC13,645$1.83M0.53%−3,686−21.3%Reduced
Advisor Group Holdings, Inc.13,392$1.84M0.00%+50.0%Added
Legal & General Group Plc14,039$1.89M0.00%−282−2.0%Reduced
Royal Bank of Canada14,586$1.96M0.00%−528−3.5%Reduced
Price T Rowe Associates Inc14,769$1.99M0.00%+401+2.8%Added
Squarepoint Ops LLC15,481$2.08M0.00%+12,950+511.7%Added
FJ Capital Management LLC15,753$2.12M0.23%+15,753New
Stifel Financial Corp15,791$2.12M0.00%−95−0.6%Reduced
EAM Investors, LLC16,236$2.15M0.25%+16,236New
Legacy Private Trust Co.18,468$2.48M0.15%−194−1.0%Reduced
Creative Planning18,683$2.51M0.00%+3,138+20.2%Added
UBS Asset Management Americas Inc19,184$2.58M0.00%−20,720−51.9%Reduced
Anchor Capital Advisors LLC19,378$2.61M0.08%−2,867−12.9%Reduced
Mendon Capital Advisors Corp19,800$2.65M1.20%+19,800New
Barclays PLC19,889$2.68M0.00%−9,152−31.5%Reduced
Bank of America Corp20,185$2.71M0.00%−2,513−11.1%Reduced
Rhumbline Advisers20,561$2.77M0.00%−837−3.9%Reduced
RMB Capital Management, LLC21,136$2.84M0.05%+21,136New
Invesco Ltd.22,789$3.07M0.00%−493−2.1%Reduced
Bank of Montreal23,034$3.10M0.00%00.0%Unchanged
JPMorgan Chase & Co23,889$3.21M0.00%+2,709+12.8%Added
Swiss National Bank26,300$3.54M0.00%+200+0.8%Added
Nuveen, LLC28,147$3.79M0.00%00.0%Unchanged
Tudor Investment Corp Et Al28,622$3.85M0.02%+28,622New
UBS Group AG30,556$4.11M0.00%−16,590−35.2%Reduced
Wealth Enhancement Advisory Services, LLC31,648$4.21M0.01%−39−0.1%Reduced
CBOE Vest Financial, LLC32,562$4.38M0.06%+4,827+17.4%Added
Morgan Stanley33,309$4.48M0.00%−5,822−14.9%Reduced
Merit Financial Group, LLC37,585$5.06M0.05%+150.0%Added
N.E.W. Advisory Services LLC38,008$5.11M0.46%−329−0.9%Reduced
North Star Asset Management Inc39,232$5.28M0.21%−6,583−14.4%Reduced
Advisory Research Inc42,076$5.66M0.74%−506−1.2%Reduced
Qube Research & Technologies Ltd49,468$6.65M0.01%+20,640+71.6%Added
Oberweis Asset Management Inc60,200$8.10M0.31%00.0%Unchanged
Bank of New York Mellon Corp60,581$8.15M0.00%+577+1.0%Added
Goldman Sachs Group Inc62,938$8.47M0.00%+8,695+16.0%Added
Janus Henderson Group PLC105,638$14.2M0.01%−57,675−35.3%Reduced
Charles Schwab Investment Management Inc111,617$15.0M0.00%+1,161+1.1%Added
Northern Trust Corp133,495$18.0M0.00%+357+0.3%Added
FMR LLC142,897$19.2M0.00%−126,849−47.0%Reduced
American Century Companies Inc179,266$24.1M0.01%−5,015−2.7%Reduced
Boston Partners199,396$26.8M0.03%+57,536+40.6%Added
Manufacturers Life Insurance Company, The209,525$28.2M0.02%−15,171−6.8%Reduced
Alliancebernstein L.P.251,496$33.8M0.01%−30,875−10.9%Reduced
Geode Capital Management, LLC313,345$42.2M0.00%−15,862−4.8%Reduced
State Street Corp431,831$58.1M0.00%+29,744+7.4%Added
First Trust Advisors LP540,486$72.7M0.05%+21,473+4.1%Added
Dimensional Fund Advisors LP626,238$84.2M0.02%−5,684−0.9%Reduced
Vanguard Group Inc715,104$96.2M0.00%−33,848−4.5%Reduced
Nicolet Bankshares Inc887,044$119.3M19.17%−2350.0%Reduced
BlackRock, Inc.1,053,488$141.7M0.00%−18,971−1.8%Reduced
Brandywine Global Investment Management, LLC0$00.00%−17,269−100.0%Sold out
Jacobs Levy Equity Management, Inc0$00.00%−13,157−100.0%Sold out
Millennium Management LLC0$00.00%−12,666−100.0%Sold out
XTX Topco Ltd0$00.00%−8,525−100.0%Sold out
Ameriprise Financial Inc0$00.00%−7,727−100.0%Sold out
D. E. Shaw & Co., Inc.0$00.00%−4,910−100.0%Sold out
Brevan Howard Capital Management LP0$00.00%−4,300−100.0%Sold out
Toroso Investments, LLC0$00.00%−3,525−100.0%Sold out
Martingale Asset Management L P0$00.00%−1,700−100.0%Sold out
Raymond James Financial Inc0$00.00%−1,079−100.0%Sold out
GeoWealth Management, LLC0$00.00%−3−100.0%Sold out
Twin Peaks Wealth Advisors, LLC0$00.00%−2−100.0%Sold out
CIBC World Markets Corp––––Not filed