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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, Q4 2025

Institutional positions in Nicolet Bankshares Inc as of Dec 31, 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
200
+24 vs. Q3 2025
Shares held
8.18M
+819.0K (+11.1%) vs. Q3 2025
Total value
$992.1M
+$2.74M (+0.3%) vs. Q3 2025
New holders
38
69 more added
Sold out
14
62 more reduced

5 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 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 holdersQ4 2025: 200 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 heldQ4 2025: $992.1M
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, Q4 2025

Shares, value and share of portfolio for each institution holding Nicolet Bankshares Inc; share changes are against Q3 2025.

Institutions holding NIC in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Envestnet Asset Management Inc5,874$712.5K0.00%+290+5.2%Added
Aigen Investment Management, LP5,960$722.9K0.17%+5,960New
Odyssean, LLC6,146$745.5K0.54%+6,146New
Mirae Asset Global ETFs Holdings Ltd.6,186$750.4K0.00%−91−1.4%Reduced
Schaper Benz & Wise Investment Counsel Inc6,379$773.8K0.06%00.0%Unchanged
Canada Pension Plan Investment Board6,400$776.3K0.00%+6,400New
Ellsworth Advisors, LLC6,358$846.1K0.17%+6,358New
Sequoia Financial Advisors, LLC6,980$846.7K0.00%−20.0%Reduced
MetLife Investment Management7,374$894.5K0.00%−628−7.8%Reduced
Aquatic Capital Management LLC7,471$906.2K0.03%+4,169+126.3%Added
Johnson Financial Group, Inc.7,500$909.8K0.03%00.0%Unchanged
SG Americas Securities, LLC7,750$940.0K0.00%−2,163−21.8%Reduced
Mercer Global Advisors Inc8,153$989.0K0.00%+363+4.7%Added
The PNC Financial Services Group, Inc.8,626$1.05M0.00%00.0%Unchanged
Stephenson National Bank & Trust9,040$1.10M0.32%−500−5.2%Reduced
Kennedy Capital Management, Inc.9,374$1.14M0.02%−49−0.5%Reduced
Dana Investment Advisors, Inc.10,000$1.21M0.04%00.0%Unchanged
Arrowstreet Capital, Limited Partnership10,136$1.23M0.00%+10,136New
Associated Banc-Corp10,312$1.25M0.03%+2,537+32.6%Added
Bowman & Co S.C.10,755$1.30M0.55%−989−8.4%Reduced
Northwestern Mutual Wealth Management Co11,137$1.35M0.00%+1,709+18.1%Added
Deutsche Bank AG11,561$1.40M0.00%+525+4.8%Added
Susquehanna Fundamental Investments, LLC11,662$1.41M0.05%+5,213+80.8%Added
Citigroup Inc11,740$1.42M0.00%+1,731+17.3%Added
Legal & General Group Plc11,868$1.45M0.00%−2,171−15.5%Reduced
Lazard Asset Management LLC12,134$1.47M0.00%+12,134New
Two Sigma Investments, LP12,248$1.49M0.00%+10,392+559.9%Added
Caldwell Trust Co12,578$1.53M0.14%00.0%Unchanged
Jackson Creek Investment Advisors LLC13,226$1.60M0.47%−419−3.1%Reduced
California State Teachers Retirement System13,337$1.62M0.00%−27−0.2%Reduced
AQR Capital Management LLC13,482$1.64M0.00%+4,726+54.0%Added
Engineers Gate Manager LP13,556$1.64M0.02%+13,556New
Sugar Maple Asset Management, LLC13,912$1.69M1.13%+2,668+23.7%Added
Raymond James Financial Inc14,174$1.72M0.00%+14,174New
Rafferty Asset Management, LLC14,175$1.72M0.01%+781+5.8%Added
SEI Investments Co14,208$1.72M0.00%+11,089+355.5%Added
Advisor Group Holdings, Inc.14,478$1.76M0.00%+1,086+8.1%Added
Bank of America Corp14,974$1.82M0.00%−5,211−25.8%Reduced
Wells Fargo & Company15,243$1.85M0.00%+4,997+48.8%Added
Price T Rowe Associates Inc15,265$1.85M0.00%+496+3.4%Added
Susquehanna International Group, LLP15,818$1.92M0.00%+4,431+38.9%Added
Principal Financial Group Inc16,750$2.03M0.00%+5,733+52.0%Added
Quest Partners LLC16,782$2.04M0.11%+14,927+804.7%Added
Virtu Financial LLC16,887$2.05M0.08%+16,887New
HRT Financial LP16,924$2.05M0.01%+16,924New
Royal Bank of Canada17,095$2.07M0.00%+2,509+17.2%Added
Creative Planning17,723$2.15M0.00%−960−5.1%Reduced
UBS Asset Management Americas Inc17,790$2.16M0.00%−1,394−7.3%Reduced
Rhumbline Advisers18,949$2.30M0.00%−1,612−7.8%Reduced
Franklin Resources Inc19,148$2.32M0.00%+12,132+172.9%Added
Mendon Capital Advisors Corp20,000$2.43M0.95%+200+1.0%Added
FJ Capital Management LLC20,421$2.48M0.27%+4,668+29.6%Added
Legacy Private Trust Co.20,423$2.48M0.15%+1,955+10.6%Added
Invesco Ltd.20,940$2.54M0.00%−1,849−8.1%Reduced
RMB Capital Management, LLC21,137$2.56M0.04%+10.0%Added
Anchor Capital Advisors LLC21,438$2.60M0.08%+2,060+10.6%Added
CBOE Vest Financial, LLC22,974$2.79M0.04%−9,588−29.4%Reduced
Bank of Montreal23,181$2.83M0.00%+147+0.6%Added
Bessemer Group Inc24,278$2.94M0.00%+24,278New
Barclays PLC25,680$3.11M0.00%+5,791+29.1%Added
Swiss National Bank26,300$3.19M0.00%00.0%Unchanged
Nuveen, LLC26,936$3.27M0.00%−1,211−4.3%Reduced
Squarepoint Ops LLC26,966$3.27M0.01%+11,485+74.2%Added
Point72 Asset Management, L.P.27,671$3.36M0.01%+24,171+690.6%Added
Wealth Enhancement Advisory Services, LLC27,081$3.40M0.00%−4,567−14.4%Reduced
ExodusPoint Capital Management, LP32,854$3.99M0.04%+31,145+1,822.4%Added
Jane Street Group, LLC33,429$4.05M0.00%+22,934+218.5%Added
Marshall Wace, LLP35,668$4.33M0.00%+35,668New
Renaissance Technologies LLC38,332$4.65M0.01%+38,332New
North Star Asset Management Inc38,760$4.70M0.19%−472−1.2%Reduced
Advisory Research Inc39,596$4.80M0.60%−2,480−5.9%Reduced
N.E.W. Advisory Services LLC39,948$4.85M0.36%+1,940+5.1%Added
D. E. Shaw & Co., Inc.42,697$5.18M0.00%+42,697New
Jupiter Asset Management Ltd45,453$5.51M0.04%+45,453New
Voloridge Investment Management, LLC48,542$5.89M0.02%+43,223+812.6%Added
UBS Group AG49,213$5.97M0.00%+18,657+61.1%Added
Merit Financial Group, LLC49,314$5.98M0.05%+11,729+31.2%Added
FMR LLC50,929$6.18M0.00%−91,968−64.4%Reduced
Oberweis Asset Management Inc61,700$7.48M0.27%+1,500+2.5%Added
Bank of New York Mellon Corp62,236$7.55M0.00%+1,655+2.7%Added
Millennium Management LLC65,534$7.95M0.01%+65,534New
JPMorgan Chase & Co82,920$10.1M0.00%+59,031+247.1%Added
Tudor Investment Corp Et Al84,708$10.3M0.06%+56,086+196.0%Added
Morgan Stanley95,370$11.6M0.00%+62,061+186.3%Added
Janus Henderson Group PLC101,380$12.3M0.01%−4,258−4.0%Reduced
Charles Schwab Investment Management Inc110,211$13.4M0.00%−1,406−1.3%Reduced
Goldman Sachs Group Inc120,218$14.6M0.00%+57,280+91.0%Added
Northern Trust Corp120,256$14.6M0.00%−13,239−9.9%Reduced
Boston Partners187,808$23.0M0.02%−11,588−5.8%Reduced
American Century Companies Inc199,119$24.2M0.01%+19,853+11.1%Added
Manufacturers Life Insurance Company, The203,490$24.7M0.02%−6,035−2.9%Reduced
Citadel Advisors LLC225,815$27.4M0.02%+225,815New
Alliancebernstein L.P.233,788$28.4M0.01%−17,708−7.0%Reduced
Geode Capital Management, LLC309,646$37.6M0.00%−3,699−1.2%Reduced
First Trust Advisors LP388,488$47.1M0.03%−151,998−28.1%Reduced
State Street Corp458,724$55.6M0.00%+26,893+6.2%Added
Dimensional Fund Advisors LP620,277$75.2M0.02%−5,961−1.0%Reduced
Vanguard Group Inc737,578$89.5M0.00%+22,474+3.1%Added
Nicolet Bankshares Inc883,159$107.1M17.17%−3,885−0.4%Reduced
BlackRock, Inc.1,128,444$136.9M0.00%+74,956+7.1%Added