NICOLET BANKSHARES INC (NIC) — Institutional Holders, Q2 2026

256 institutional investment managers reported a NIC position on SEC Form 13F-HR for the quarter ended June 30, 2026, with a combined reported value of $2.2B. Every filer is listed below, ranked by position value, 100 per page; this page shows ranks 1 to 100. Put and call option positions are excluded, and a firm filing several lots or share classes is shown once with its total.

← NIC stock profile

NIC in Q2 2026: what funds did

Funds that filed a 13F for both Q1 2026 and Q2 2026, by what they did with the common stock. Share counts are adjusted for any split between the two quarters; dollar figures are the change in shares at this quarter’s price.

New positions

Added to

Trimmed

Sold out

Biggest buyers

BlackRockAdded · +1,402,419 sh+$231.9M
VANGUARD CAPITAL MANAGEMENTNew · +818,051 sh+$135.3M
STATE STREETAdded · +463,199 sh+$76.6M
VANGUARD PORTFOLIO MANAGEMENTNew · +358,093 sh+$59.2M
VANGUARD FIDUCIARYNew · +132,405 sh+$21.9M

Biggest sellers

FIRST ADVISORSTrimmed · -118,008 sh-$19.5M
WELLINGTON MANAGEMENT GROUP LLPSold out · -94,723 sh-$15.7M
SUSQUEHANNA INTERNATIONAL GROUP, LLPTrimmed · -65,308 sh-$10.8M
D. E. ShawTrimmed · -62,909 sh-$10.4M
PRUDENTIAL FINANCIALTrimmed · -53,059 sh-$8.8M

NIC 13F holders ranked 1–100 of 256

Institutional investors reporting a position in NICOLET BANKSHARES INC on SEC Form 13F-HR for Q2 2026, ranked by reported value.
#	Institution	Shares	Value	% of portfolio	QoQShares vs Q1 2026
1	BlackRock#1 · 3,027,246 sh	3,027,246	$500.7M	<0.01%	+86.3%
2	STATE STREET#2 · 1,174,560 sh	1,174,560	$194.2M	<0.01%	+65.1%
3	DIMENSIONAL FUND ADVISORS#3 · 823,902 sh	823,902	$136.3M	0.02%	+0.6%
4	VANGUARD CAPITAL MANAGEMENT#4 · 818,051 sh	818,051	$135.3M	<0.01%	New
5	GEODE CAPITAL MANAGEMENT#5 · 504,741 sh	504,741	$83.5M	<0.01%	+10.5%
6	WESTWOOD GROUP#6 · 450,659 sh	450,659	$74.5M	0.56%	-7.4%
7	GOLDMAN SACHS GROUP#7 · 392,808 sh	392,808	$65.0M	<0.01%	+40.4%
8	AMERICAN CENTURY COMPANIES#8 · 361,263 sh	361,263	$59.7M	0.03%	+11.3%
9	VANGUARD PORTFOLIO MANAGEMENT#9 · 358,093 sh	358,093	$59.2M	<0.01%	New
10	Boston Partners#10 · 311,319 sh	311,319	$51.5M	0.05%	+1.9%
11	FJ Capital Management#11 · 277,243 sh	277,243	$45.9M	5.95%	-9.5%
12	ALLIANCEBERNSTEIN L.P.#12 · 307,207 sh	307,207	$45.7M	0.02%	+20.4%
13	NORTHERN#13 · 240,562 sh	240,562	$39.8M	<0.01%	+18.2%
14	Invesco Ltd.#14 · 215,666 sh	215,666	$35.7M	<0.01%	+5.7%
15	SILVERCREST ASSET MANAGEMENT GROUP#15 · 198,353 sh	198,353	$32.8M	0.21%	-6.2%
16	MANUFACTURERS LIFE INSURANCE COMPANY, THE#16 · 186,808 sh	186,808	$30.9M	0.02%	-8.5%
17	CHARLES SCHWAB INVESTMENT MANAGEMENT#17 · 176,441 sh	176,441	$29.2M	<0.01%	+11.8%
18	JENNISON ASSOCIATES#18 · 172,925 sh	172,925	$28.6M	0.02%	-19.2%
19	MORGAN STANLEY#19 · 159,708 sh	159,708	$26.4M	<0.01%	+100.1%
20	FIRST ADVISORS#20 · 144,116 sh	144,116	$23.8M	0.01%	-45.0%
21	Bank of New York Mellon#21 · 139,427 sh	139,427	$23.1M	<0.01%	+61.9%
22	VANGUARD FIDUCIARY#22 · 132,405 sh	132,405	$21.9M	<0.01%	New
23	PRINCIPAL FINANCIAL GROUP#23 · 124,379 sh	124,379	$20.6M	0.01%	+344.3%
24	Champlain Investment Partners#24 · 103,783 sh	103,783	$17.2M	0.44%	-17.3%
25	OBERWEIS ASSET MANAGEMENT#25 · 83,200 sh	83,200	$13.8M	0.28%	+11.2%
26	Jupiter Topco#26 · 72,728 sh	72,728	$12.0M	<0.01%	—
27	PUBLIC SECTOR PENSION INVESTMENT BOARD#27 · 67,153 sh	67,153	$11.1M	0.03%	New
28	MALTESE CAPITAL MANAGEMENT#28 · 60,000 sh	60,000	$9.9M	1.81%	+2.3%
29	Stieven Capital Advisors, L.P.#29 · 55,967 sh	55,967	$9.3M	1.77%	+6.0%
30	HEARTLAND ADVISORS#30 · 55,758 sh	55,758	$9.2M	0.41%	0.0%
31	Nuveen#31 · 52,521 sh	52,521	$8.7M	<0.01%	+13.6%
32	RHUMBLINE ADVISERS#32 · 47,649 sh	47,649	$7.9M	<0.01%	+89.6%
33	JPMORGAN CHASE#33 · 46,927 sh	46,927	$7.8M	<0.01%	-40.8%
34	Merit Financial Group#34 · 46,857 sh	46,857	$7.7M	0.05%	-0.4%
35	Legal & General Group Plc#35 · 46,176 sh	46,176	$7.6M	<0.01%	+219.2%
36	RMB Capital Management#36 · 42,832 sh	42,832	$7.1M	0.11%	-41.2%
37	MENDON CAPITAL ADVISORS#37 · 40,000 sh	40,000	$6.6M	2.34%	-46.7%
38	Swiss National Bank#38 · 39,700 sh	39,700	$6.6M	<0.01%	-1.5%
39	Creative Planning#39 · 39,691 sh	39,691	$6.6M	<0.01%	-4.1%
40	STATE OF WISCONSIN INVESTMENT BOARD#40 · 38,761 sh	38,761	$6.4M	0.01%	+4.0%
41	N.E.W. Advisory Services#41 · 38,566 sh	38,566	$6.4M	0.43%	-1.3%
42	SEI INVESTMENTS#42 · 37,878 sh	37,878	$6.3M	<0.01%	-14.8%
43	NORTH STAR ASSET MANAGEMENT#43 · 37,675 sh	37,675	$6.2M	0.25%	-1.6%
44	UBS Group AG#44 · 36,486 sh	36,486	$6.0M	<0.01%	-46.0%
45	PRUDENTIAL FINANCIAL#45 · 36,302 sh	36,302	$6.0M	<0.01%	-59.4%
46	FRANKLIN RESOURCES#46 · 35,779 sh	35,779	$5.9M	<0.01%	-2.7%
47	ADVISORY RESEARCH#47 · 35,434 sh	35,434	$5.9M	0.58%	-2.0%
48	HSBC PLC#48 · 32,830 sh	32,830	$5.4M	<0.01%	New
49	PEREGRINE CAPITAL MANAGEMENT#49 · 30,565 sh	30,565	$5.1M	0.16%	-8.0%
50	DARK FOREST CAPITAL MANAGEMENT#50 · 30,280 sh	30,280	$5.0M	0.32%	-24.6%
51	UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AME#51 · 30,162 sh	30,162	$5.0M	<0.01%	-1.2%
52	AMERIPRISE FINANCIAL#52 · 29,947 sh	29,947	$5.0M	<0.01%	+2082.7%
53	BARCLAYS PLC#53 · 29,408 sh	29,408	$4.9M	<0.01%	-39.7%
54	BANK OF AMERICA#54 · 29,075 sh	29,075	$4.8M	<0.01%	-7.5%
55	PRICE T ROWE ASSOCIATES#55 · 27,696 sh	27,696	$4.6M	<0.01%	+23.1%
56	WEALTH ENHANCEMENT ADVISORY SERVICES#56 · 27,277 sh	27,277	$4.5M	—	+31.4%
57	CITIGROUP#57 · 24,882 sh	24,882	$4.1M	<0.01%	+57.7%
58	BANK OF MONTREAL#58 · 24,371 sh	24,371	$4.0M	<0.01%	+6.3%
59	BESSEMER GROUP#59 · 24,278 sh	24,278	$4.0M	<0.01%	-4.7%
60	VOLORIDGE INVESTMENT MANAGEMENT#60 · 22,863 sh	22,863	$3.8M	0.02%	-33.0%
61	WELLS FARGO & COMPANY#61 · 22,633 sh	22,633	$3.7M	<0.01%	+81.3%
62	ROYAL BANK OF CANADA#62 · 22,296 sh	22,296	$3.7M	<0.01%	+0.4%
63	DEUTSCHE BANK AG\#63 · 21,049 sh	21,049	$3.5M	<0.01%	+26.7%
64	ANCHOR CAPITAL ADVISORS#64 · 20,881 sh	20,881	$3.5M	0.10%	-1.6%
65	Odyssean#65 · 20,012 sh	20,012	$3.3M	0.54%	+101.0%
66	STIFEL FINANCIAL#66 · 19,162 sh	19,162	$3.2M	<0.01%	-0.4%
67	Legacy Private#67 · 18,857 sh	18,857	$3.1M	—	-0.7%
68	PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO#68 · 18,704 sh	18,704	$3.1M	<0.01%	+0.5%
69	Quantinno Capital Management#69 · 18,338 sh	18,338	$3.0M	<0.01%	-36.1%
70	Squarepoint Ops#70 · 16,960 sh	16,960	$2.8M	<0.01%	+0.7%
71	OSAIC#71 · 16,806 sh	16,806	$2.8M	<0.01%	+22.8%
72	AQR CAPITAL MANAGEMENT#72 · 16,762 sh	16,762	$2.8M	<0.01%	-10.0%
73	GREAT WEST LIFE ASSURANCE#73 · 15,838 sh	15,838	$2.6M	<0.01%	+638.7%
74	Rafferty Asset Management#74 · 15,079 sh	15,079	$2.5M	<0.01%	+10.4%
75	FIRST NATIONAL BANK OF OMAHA#75 · 14,676 sh	14,676	$2.4M	0.07%	+18.5%
76	Sugar Maple Asset Management#76 · 14,457 sh	14,457	$2.4M	—	+3.9%
77	VANGUARD ASSET MANAGEMENT, Ltd#77 · 14,361 sh	14,361	$2.4M	<0.01%	New
78	First National Advisers#78 · 13,215 sh	13,215	$2.2M	0.31%	+21.1%
79	THRIVENT FINANCIAL FOR LUTHERANS#79 · 12,839 sh	12,839	$2.1M	<0.01%	New
80	Caldwell#80 · 12,578 sh	12,578	$2.1M	0.17%	0.0%
81	Atom Investors#81 · 12,448 sh	12,448	$2.1M	0.18%	-37.5%
82	FMR#82 · 12,225 sh	12,225	$2.0M	<0.01%	-74.7%
83	Jump Financial#83 · 12,203 sh	12,203	$2.0M	0.02%	New
84	MetLife Investment Management#84 · 11,631 sh	11,631	$1.9M	<0.01%	+15.3%
85	MERCER GLOBAL ADVISORS#85 · 11,597 sh	11,597	$1.9M	<0.01%	+22.5%
86	TWO SIGMA INVESTMENTS#86 · 11,115 sh	11,115	$1.8M	<0.01%	New
87	ASSOCIATED BANC#87 · 10,312 sh	10,312	$1.7M	0.04%	0.0%
88	Dana Investment Advisors#88 · 10,000 sh	10,000	$1.7M	0.04%	0.0%
89	NORTHWESTERN MUTUAL WEALTH MANAGEMENT#89 · 9,975 sh	9,975	$1.6M	<0.01%	-8.0%
90	D. E. Shaw#90 · 9,664 sh	9,664	$1.6M	<0.01%	-86.7%
91	Russell Investments Group, Ltd.#91 · 9,641 sh	9,641	$1.6M	<0.01%	+371.2%
92	State of Alaska, Department of Revenue#92 · 9,473 sh	9,473	$1.6M	—	+212.2%
93	Cresset Asset Management#93 · 9,330 sh	9,330	$1.5M	<0.01%	-0.1%
94	MIRAE ASSET GLOBAL ETFS Ltd.#94 · 9,204 sh	9,204	$1.5M	<0.01%	+6.4%
95	XTX Topco Ltd#95 · 9,167 sh	9,167	$1.5M	0.02%	-17.5%
96	PNC FINANCIAL SERVICES GROUP#96 · 9,084 sh	9,084	$1.5M	<0.01%	-4.2%
97	STEPHENSON NATIONAL BANK#97 · 8,840 sh	8,840	$1.5M	—	0.0%
98	Louisiana State Employees Retirement System#98 · 8,600 sh	8,600	$1.4M	—	New
99	VICTORY CAPITAL MANAGEMENT#99 · 8,385 sh	8,385	$1.4M	<0.01%	+275.2%
100	CHOREO#100 · 8,255 sh	8,255	$1.4M	0.01%	-1.4%

Funds that sold out of NIC in Q2 2026 (33)

Held NIC at the end of Q1 2026 and filed a Q2 2026 13F without it. Not in the list above, because they no longer hold it. Largest prior position first.

Institutions that held NIC in Q1 2026 and reported no position in Q2 2026.
Institution	Shares sold	Value in Q1 2026
WELLINGTON MANAGEMENT GROUP LLP94,723 sh	94,723	$14.1M
JANE STREET GROUP28,130 sh	28,130	$4.2M
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP23,840 sh	23,840	$3.5M
JUPITER ASSET MANAGEMENT LTD16,080 sh	16,080	$2.4M
ZACKS INVESTMENT MANAGEMENT15,649 sh	15,649	$2.3M
CITADEL ADVISORS15,258 sh	15,258	$2.3M
Vest Financial12,890 sh	12,890	$1.9M
Jackson Creek Investment Advisors12,817 sh	12,817	$1.9M
Steele Capital Management11,747 sh	11,747	$1.7M
LAZARD ASSET MANAGEMENT11,376 sh	11,376	$1.7M
Integrated Quantitative Investments6,036 sh	6,036	$897.1K
Legato Capital Management4,604 sh	4,604	$684.2K
Midwest Professional Planners, LTD.3,810 sh	3,810	$566.2K
Aquatic Capital Management3,657 sh	3,657	$543.5K
Apella Capital2,926 sh	2,926	$463.1K
Susquehanna Portfolio Strategies2,575 sh	2,575	$382.7K
GAMCO INVESTORS, ET AL2,500 sh	2,500	$371.6K
Smith Group Asset Management2,230 sh	2,230	$331.4K
Swiss Life Asset Management Ltd2,214 sh	2,214	$329.0K
Jain Global2,103 sh	2,103	$312.5K
LEUCADIA NATIONAL1,799 sh	1,799	$267.4K
Entropy Technologies1,600 sh	1,600	$237.8K
Tributary Capital Management1,550 sh	1,550	$230.4K
CULLEN/FROST BANKERS169 sh	169	$25.2K
Allworth Financial155 sh	155	$23.0K
Advisory Services Network152 sh	152	$22.6K
Federation des caisses Desjardins du Quebec151 sh	151	$22.4K
Pinnacle117 sh	117	$17.4K
Kilter Group32 sh	32	$4.8K
JPL Wealth Management18 sh	18	$2.7K
RAFFA WEALTH MANAGEMENT7 sh	7	$1.0K
Rossby Financial, LCC3 sh	3	$449.00
TWIN PEAKS WEALTH ADVISORS2 sh	2	$297.00

Source: Form 13F-HR filings on SEC EDGAR, Q2 2026. Values are as reported by each manager at quarter end. “% of portfolio” is the position’s share of the manager’s total reported 13F value for the same quarter. “New” means the manager filed a 13F for Q1 2026 without this position; a dash means no comparison is available. Where a manager’s own filing is internally inconsistent its value is withheld and it is listed last. 13F data shows reported holdings, not recommendations.