Nicolet Bankshares, Inc.
US ˙ NYSE

SecurityNIC / Nicolet Bankshares, Inc.
InstitutionAdvisor Group Holdings, Inc.
Latest Disclosed Ownership13,684 shares
Latest Disclosed Value $ 2,033,922
Advisor Group Holdings, Inc. reports 5.48% decrease in ownership of NIC / Nicolet Bankshares, Inc.

On May 15, 2026 - Advisor Group Holdings, Inc. filed a 13F-HR form disclosing ownership of 13,684 shares of Nicolet Bankshares, Inc. (US:NIC) valued at $2,033,716 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 14,478 shares of Nicolet Bankshares, Inc.. This represents a change in shares of -5.48% during the quarter. The current value of the position is $1,878,540 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F NICOLET BANKSHARES COM 65406E102 13,684 -794 -5.48 2,034 15.77 0.0017
2026-02-17 2025-12-31 13F NICOLET BANKSHARES COM 65406E102 14,478 1,086 8.11 1,756 -4.77 0.0026
2025-11-14 2025-09-30 13F NICOLET BANKSHARES COM 65406E102 13,392 5 0.04 1,845 11.55 0.0026
2025-09-04 2025-06-30 13F/A-1 NICOLET BANKSHARES COM 65406E102 13,387 -348 -2.53 1,653 10.49 0.0029
2025-08-13 2025-06-30 13F NICOLET BANKSHARES COM 65406E102 13,010 -725 1,365 0.0016
2025-05-12 2025-03-31 13F NICOLET BANKSHARES COM 65406E102 13,735 361 2.70 1,497 6.63 0.0033
2025-06-06 2024-12-31 13F/A-1 NICOLET BANKSHARES COM 65406E102 13,374 326 2.50 1,403 12.51 0.0031
2025-02-07 2024-12-31 13F NICOLET BANKSHARES COM 65406E102 13,062 14 1,253 0.0032
2024-11-13 2024-09-30 13F NICOLET BANKSHARES COM 65406E102 13,048 -751 -5.44 1,248 8.91 0.0028
2024-08-13 2024-06-30 13F NICOLET BANKSHARES COM 65406E102 13,799 252 1.86 1,146 -1.63 0.0027
2024-05-10 2024-03-31 13F NICOLET BANKSHARES COM 65406E102 13,547 -92 -0.67 1,165 6.11 0.0026
2024-02-12 2023-12-31 13F NICOLET BANKSHARES COM 65406E102 13,639 -2,643 -16.23 1,098 -3.43 0.0019
2023-11-13 2023-09-30 13F NICOLET BANKSHARES COM 65406E102 16,282 -386 -2.32 1,136 0.44 0.0017
2023-08-21 2023-06-30 13F/A-1 NICOLET BANKSHARES COM 65406E102 16,668 -757 -4.34 1,132 3.01 0.0020
2023-08-10 2023-06-30 13F NICOLET BANKSHARES COM 65406E102 16,668 -757 1,132 0.0003
2023-05-12 2023-03-31 13F NICOLET BANKSHARES COM 65406E102 17,425 -1 -0.01 1,099 -21.01 0.0021
2023-02-10 2022-12-31 13F NICOLET BANKSHARES COM 65406E102 17,426 169 0.98 1,390 14.40 0.0028
2022-11-14 2022-09-30 13F NICOLET BANKSHARES COM 65406E102 17,257 -3 -0.02 1,215 -2.64 0.0028
2022-08-10 2022-06-30 13F NICOLET BANKSHARES COM 65406E102 17,260 3 0.02 1,248 -22.72 0.0028
2022-05-04 2022-03-31 13F NICOLET BANKSHARES COM 65406E102 17,257 5,929 52.34 1,615 66.15 0.0031
2022-02-03 2021-12-31 13F NICOLET BANKSHARES COM 65406E102 11,328 5,737 102.61 972 134.78 0.0018
2021-11-05 2021-09-30 13F NICOLET BANKSHARES COM 65406E102 5,591 1,755 45.75 414 53.90 0.0009
2021-08-02 2021-06-30 13F NICOLET BANKSHARES COM 65406E102 3,836 7 0.18 269 -15.94 0.0006
2021-05-13 2021-03-31 13F NICOLET BANKSHARES COM 65406E102 3,829 0 0.00 320 25.98 0.0008
2021-02-10 2020-12-31 13F NICOLET BANKSHARES COM 65406E102 3,829 262 7.35 254 30.26 0.0007
2020-11-12 2020-09-30 13F NICOLET BANKSHARES COM 65406E102 3,567 0 0.00 195 -0.51 0.0006
2020-08-14 2020-06-30 13F NICOLET BANKSHARES COM 65406E102 3,567 0 0.00 196 0.51 0.0007
2020-05-18 2020-03-31 13F NICOLET BANKSHARES COM 65406E102 3,567 3,567 195 0.0008
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.