Nicolet Bankshares Inc: which funds bought and sold

Institutions that bought and sold Nicolet Bankshares shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 129 institutions that filed 13F reports for both quarters added to or opened positions in Nicolet Bankshares, and 111 cut or closed them. Together they added a net 2.0M shares, +18.0% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 288K shares (−12.8%); index fund managers were net buyers of 2.2M shares (+51.5%). 48 opened a new position and 31 sold out entirely.

Bought, Q2 2026 129 institutions, 48 of them new holders Sold, Q2 2026 111 institutions, 31 of them sold out

Net change, all compared +2.0M shares (+18.0%)

Net change, active managers −288K shares (−12.8%), 10 bought, 20 sold

Buyers versus sellers

institutions compared, 278

129 bought 38 111 sold

Active managers and hedge funds 10 bought · 20 sold · −288K

Index fund managers 10 bought · 1 sold · +2.2M

Other institutions 109 bought · 90 sold · +67K

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Blackrock, Inc. Index funds	+1.4M +86.3%	3.0M	$501M
State Street Corp Index funds	+463K +65.1%	1.2M	$194M
Vanguard Portfolio Management LLC Index funds	+211K +144.1%	358K	$59.2M
Goldman Sachs Group Inc	+113K +40.4%	393K	$65M
Principal Financial Group Inc	+96K +344.3%	124K	$20.6M
Morgan Stanley	+80K +100.1%	160K	$26.4M
Public Sector Pension Investment Board	+67K New position	67K	$11.1M
Bank Of New York Mellon Corp	+53K +61.9%	139K	$23.1M
Alliancebernstein L.P. Active manager	+52K +20.4%	307K	$45.7M
Geode Capital Management, LLC Index funds	+48K +10.5%	505K	$83.5M
Northern Trust Corp Index funds	+37K +18.2%	241K	$39.8M
American Century Companies Inc Active manager	+37K +11.3%	361K	$59.7M
HSBC Holdings PLC	+33K New position	33K	$5.4M
Legal & General Group PLC	+32K +219.2%	46K	$7.6M
Ameriprise Financial Inc	+29K +2082.7%	30K	$5M
Rhumbline Advisers Index funds	+23K +89.6%	48K	$7.9M
Charles Schwab Investment Management Inc Index funds	+19K +11.8%	176K	$29.2M
Canada Life Assurance Co	+14K +638.7%	16K	$2.6M
Thrivent Financial For Lutherans	+13K New position	13K	$2.1M
Jump Financial, LLC	+12K New position	12K	$2M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Alliancebernstein L.P. Active manager	+52K +20.4%	307K	$45.7M
American Century Companies Inc Active manager	+37K +11.3%	361K	$59.7M
Two Sigma Investments, LP Hedge fund	+11K New position	11K	$1.8M
Oberweis Asset Management Inc/ Active manager	+8,400 +11.2%	83K	$13.8M
Victory Capital Management Inc Active manager	+6,150 +275.2%	8,385	$1.4M
Boston Partners Active manager	+5,883 +1.9%	311K	$51.5M
Price T Rowe Associates Inc Active manager	+5,201 +23.1%	28K	$4.6M
Schonfeld Strategic Advisors LLC Hedge fund	+1,281 New position	1,281	$211,864
Balyasny Asset Management L.P. Hedge fund	+233 +14.9%	1,799	$297,537
Squarepoint Ops LLC Hedge fund	+119 +0.7%	17K	$2.8M

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
First Trust Advisors LP	−118K −45.0%	144K	$23.8M
Wellington Management Group LLP Active manager	−95K Sold out	0	—
Susquehanna International Group, LLP	−65K −96.4%	2,458	$406,529
D. E. Shaw & Co., Inc. Hedge fund	−63K −86.7%	9,664	$1.6M
Prudential Financial Inc	−53K −59.4%	36K	$6M
Jennison Associates LLC Active manager	−41K −19.2%	173K	$28.6M
FMR LLC Active manager	−36K −74.7%	12K	$2M
Westwood Holdings Group Inc Active manager	−36K −7.4%	451K	$74.5M
Mendon Capital Advisors Corp	−35K −46.7%	40K	$6.6M
Jpmorgan Chase & Co	−32K −40.8%	47K	$7.8M
UBS Group AG	−31K −46.0%	36K	$6M
Curi Capital, LLC	−30K −41.2%	43K	$7.1M
Fj Capital Management LLC	−29K −9.5%	277K	$45.9M
Jane Street Group, LLC	−28K Sold out	0	—
Arrowstreet Capital, Limited Partnership Hedge fund	−24K Sold out	0	—
Champlain Investment Partners, LLC Active manager	−22K −17.3%	104K	$17.2M
Marshall Wace, LLP Hedge fund	−20K −84.8%	3,600	$595,404
Barclays PLC	−19K −39.7%	29K	$4.9M
Manufacturers Life Insurance Company, The	−17K −8.5%	187K	$30.9M
Jupiter Asset Management Ltd Active manager	−16K Sold out	0	—

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Wellington Management Group LLP Active manager	−95K Sold out	0	—
D. E. Shaw & Co., Inc. Hedge fund	−63K −86.7%	9,664	$1.6M
Jennison Associates LLC Active manager	−41K −19.2%	173K	$28.6M
FMR LLC Active manager	−36K −74.7%	12K	$2M
Westwood Holdings Group Inc Active manager	−36K −7.4%	451K	$74.5M
Arrowstreet Capital, Limited Partnership Hedge fund	−24K Sold out	0	—
Champlain Investment Partners, LLC Active manager	−22K −17.3%	104K	$17.2M
Marshall Wace, LLP Hedge fund	−20K −84.8%	3,600	$595,404
Jupiter Asset Management Ltd Active manager	−16K Sold out	0	—
Citadel Advisors LLC Hedge fund	−15K Sold out	0	—

New positions

largest by value

Institution	Shares	Value June 30, 2026
Public Sector Pension Investment Board	67K	$11.1M
HSBC Holdings PLC	33K	$5.4M
Thrivent Financial For Lutherans	13K	$2.1M
Jump Financial, LLC	12K	$2M
Two Sigma Investments, LPHedge fund	11K	$1.8M
Louisiana State Employees Retirement System	8,600	$1.4M
J.M. Arbour, LLC	5,986	$990,025
Parr Mcknight Wealth Management Group, LLC	5,376	$889,137
Amalgamated Bank	5,264	$871,000
Yousif Capital Management, LLC	5,186	$857,713

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Wellington Management Group LLPActive manager	95K	$14.1M
Jane Street Group, LLC	28K	$4.2M
Arrowstreet Capital, Limited PartnershipHedge fund	24K	$3.5M
Jupiter Asset Management LtdActive manager	16K	$2.4M
Zacks Investment Management	16K	$2.3M
Citadel Advisors LLCHedge fund	15K	$2.3M
Vest Financial, LLC	13K	$1.9M
Jackson Creek Investment Advisors LLC	13K	$1.9M
Steele Capital Management, Inc.	12K	$1.7M
Lazard Asset Management LLCActive manager	11K	$1.7M

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 251
Ten largest holders: 62.7%
Index fund managers: 49.5%
Active managers and hedge funds: 15.0%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	10	20	2	7	−288K	−12.8%
Index fund managers	10	1	0	0	+2.2M	+51.5%
Other institutions	109	90	46	24	+67K	+1.5%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on Nicolet Bankshares.

Only managers that filed a holdings report for both quarters are compared (278 here). 8 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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