Nicolet Bankshares, Inc.
US ˙ NYSE

SecurityNIC / Nicolet Bankshares, Inc.
InstitutionDimensional Fund Advisors Lp
Latest Disclosed Ownership819,274 shares
Latest Disclosed Value $ 121,756,151
Dimensional Fund Advisors Lp reports 32.08% increase in ownership of NIC / Nicolet Bankshares, Inc.

On May 7, 2026 - Dimensional Fund Advisors Lp filed a 13F-HR form disclosing ownership of 819,274 shares of Nicolet Bankshares, Inc. (US:NIC) valued at $121,760,502 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 12, 2026 disclosing 620,277 shares of Nicolet Bankshares, Inc.. This represents a change in shares of 32.08% during the quarter. The current value of the position is $108,029,470 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)
2026-05-07 2026-03-31 13F NICOLET BANKSHARES COM 65406E102 819,274 198,997 32.08 121,756 61.82 0.0055
2026-02-12 2025-12-31 13F NICOLET BANKSHARES COM 65406E102 620,277 -5,961 -0.95 75,240 -10.67 0.0158
2025-11-12 2025-09-30 13F NICOLET BANKSHARES COM 65406E102 626,238 -5,684 -0.90 84,228 7.94 0.0181
2025-08-12 2025-06-30 13F NICOLET BANKSHARES COM 65406E102 631,922 -11,940 -1.85 78,032 11.23 0.0181
2025-05-13 2025-03-31 13F NICOLET BANKSHARES COM 65406E102 643,862 2,122 0.33 70,154 4.20 0.0174
2025-02-13 2024-12-31 13F NICOLET BANKSHARES COM 65406E102 641,740 21,819 3.52 67,325 13.57 0.0162
2024-11-07 2024-09-30 13F NICOLET BANKSHARES COM 65406E102 619,921 32,433 5.52 59,282 21.52 0.0144
2024-08-09 2024-06-30 13F NICOLET BANKSHARES COM 65406E102 587,488 16,952 2.97 48,783 -0.57 0.0127
2024-05-10 2024-03-31 13F NICOLET BANKSHARES COM 65406E102 570,536 28,445 5.25 49,060 12.45 0.0133
2024-02-07 2023-12-31 13F NICOLET BANKSHARES COM 65406E102 542,091 20,299 3.89 43,629 19.82 0.0127
2023-11-09 2023-09-30 13F NICOLET BANKSHARES COM 65406E102 521,792 20,437 4.08 36,410 6.94 0.0119
2023-08-09 2023-06-30 13F NICOLET BANKSHARES COM 65406E102 501,355 26,279 5.53 34,048 13.67 0.0109
2023-05-12 2023-03-31 13F NICOLET BANKSHARES COM 65406E102 475,076 38,925 8.92 29,953 87,997.06 0.0101
2023-02-09 2022-12-31 13F NICOLET BANKSHARES COM 65406E102 436,151 8,297 1.94 35 -99.89 0.0103
2022-11-10 2022-09-30 13F NICOLET BANKSHARES COM 65406E102 427,854 1,709 0.40 30,139 -2.23 0.0116
2022-08-12 2022-06-30 13F NICOLET BANKSHARES COM 65406E102 426,145 29,548 7.45 30,828 -16.93 0.0111
2022-05-13 2022-03-31 13F NICOLET BANKSHARES COM 65406E102 396,597 7,098 1.82 37,111 11.11 0.0114
2022-02-09 2021-12-31 13F NICOLET BANKSHARES COM 65406E102 389,499 2,011 0.52 33,399 16.19 0.0101
2021-11-12 2021-09-30 13F NICOLET BANKSHARES COM 65406E102 387,488 126,902 48.70 28,745 56.82 0.0093
2021-08-12 2021-06-30 13F NICOLET BANKSHARES COM 65406E102 260,586 11,919 4.79 18,330 -11.68 0.0058
2021-05-14 2021-03-31 13F NICOLET BANKSHARES COM 65406E102 248,667 1,500 0.61 20,755 26.55 0.0069
2021-03-08 2020-12-31 13F/A-2 NICOLET BANKSHARES COM 65406E102 247,167 3,338 1.37 16,400 23.16 0.0059
2021-02-11 2020-12-31 13F NICOLET BANKSHARES COM 65406E102 247,167 3,338 16,400 5,922.8083
2020-11-12 2020-09-30 13F NICOLET BANKSHARES COM 65406E102 243,829 4,538 1.90 13,316 1.55 0.0056
2020-08-13 2020-06-30 13F NICOLET BANKSHARES COM 65406E102 239,291 8,048 3.48 13,113 3.89 0.0058
2020-05-14 2020-03-31 13F NICOLET BANKSHARES COM 65406E102 231,243 92 0.04 12,622 -26.06 0.0066
2020-02-14 2019-12-31 13F NICOLET BANKSHARES COM 65406E102 231,151 2,797 1.22 17,071 12.29 0.0062
2019-11-12 2019-09-30 13F NICOLET BANKSHARES COM 65406E102 228,354 11,698 5.40 15,202 13.06 0.0059
2019-08-13 2019-06-30 13F NICOLET BANKSHARES COM 65406E102 216,656 27,134 14.32 13,446 19.04 0.0052
2019-08-12 2019-03-31 13F/A-2 NICOLET BANKSHARES COM 65406E102 189,522 24,443 14.81 11,295 40.21 0.0045
2019-05-10 2019-03-31 13F NICOLET BANKSHARES COM 65406E102 189,522 24,443 11,295
2019-02-26 2018-12-31 13F/A-1 NICOLET BANKSHARES COM 65406E102 165,079 14,104 9.34 8,056 -2.11 0.0036
2019-02-13 2018-12-31 13F NICOLET BANKSHARES COM 65406E102 165,079 14,104 8,056
2018-11-13 2018-09-30 13F NICOLET BANKSHARES COM 65406E102 150,975 12,566 9.08 8,230 7.89 0.0031
2018-08-10 2018-06-30 13F NICOLET BANKSHARES COM 65406E102 138,409 28,384 25.80 7,628 25.90 0.0030
2018-05-11 2018-03-31 13F NICOLET BANKSHARES COM 65406E102 110,025 30,818 38.91 6,059 39.74 0.0025
2018-02-12 2017-12-31 13F NICOLET BANKSHARES COM 65406E102 79,207 27,074 51.93 4,336 44.58 0.0018
2017-11-13 2017-09-30 13F NICOLET BANKSHARES COM 65406E102 52,133 20,932 67.09 2,999 75.69 0.0013
2017-08-11 2017-06-30 13F NICOLET BANKSHARES COM 65406E102 31,201 13,214 73.46 1,707 100.35 0.0008
2017-05-12 2017-03-31 13F NICOLET BANKSHARES COM 65406E102 17,987 6,463 56.08 852 54.91 0.0004
2017-02-09 2016-12-31 13F NICOLET BANKSHARES COM 65406E102 11,524 11,524 550 0.0003
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.