Nicolet Bankshares portfolio

What changed this quarter

506 positions with a change (81 new, 164 added to, 231 trimmed, 30 sold); also, 1 entered through an IPO, 2 exited through an acquisition or merger, 1 entered through a spin-off. 2 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• STE Str SPDR PT S&P 500 ETF+7.8%more sharesIncreased
  13.2% → 14.0%
• Fidelity Total Bond ETF+54%more sharesIncreased
  1.1% → 1.5%

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• STE Str SPDR PT S&P 500 ETFSPYM14.0%
• AppleAAPL3.7%
• State Street SPDR P S&P 500 Value ETFSPYV3.7%
• American Centy ETF TrAVEM3.2%
• State Street SPDR P S&P 500 Growth ETFSPYG3.0%
• Vanguard Ftse Developed ETFVEA2.7%
• AlphabetGOOGL · GOOG1.8%
• Vanguard S&P 500 ETFVOO1.8%
• iShares Core S&P Total U.s ETFITOT1.7%
• Vanguard Index FundsVO1.7%
• Fidelity Total Bond ETFFBND1.5%
• MicrosoftMSFT1.4%
• NVIDIANVDA1.3%
• Vanguard Tax-exempt Bond ETFVTEB1.3%
• Schwab US Large-cap Value ETFSCHV1.2%
• iShares National Muni Bond E ETFMUB1.2%
• JPMorgan ChaseJPM1.2%
• Berkshire HathawayBRK/B1.2%
• Vanguard Russell 1000 Growth ETFVONG1.1%
• Amazon.comAMZN1.1%
• Victory Portfolios IIUITB1.0%
• State Str Spdr S&P 500 ETF TSPY1.0%
• iShares Core S&P 500 ETFIVV0.9%
• American Centy ETF TrAVRE0.9%
• iShares Core Msci Eafe ETFIEFA0.9%
• Procter & GamblePG0.8%
• Vanguard Total Bond Market ETFBND0.7%
• Micron TechnologyMU0.7%
• Vanguard Russell 1000 ETFVONE0.7%
• Schwab US Broad Market ETFSCHB0.6%
• WEC Energy GroupWEC0.6%
• Vanguard Mrngstr Val ETF-aui ETFVTV0.6%
• iShares S&P 500 Growth ETFIVW0.6%
• CaterpillarCAT0.5%
• Vanguard Most Sm-cap ETF-usd ETFVB0.5%
• State Street SPDR P AGG Bond ETFSPAB0.5%
• Meta PlatformsMETA0.5%
• BroadcomAVGO0.5%
• Federated Hermes ETF TrustFSCC0.5%
• Eli LillyLLY0.5%
• iShares Core U.s. Aggregate ETFAGG0.5%
• Vanguard Long-term Corp Bond ETFVCLT0.5%
• Vanguard S/t Corp Bond ETFVCSH0.5%
• Alps ETF TrAMLP0.5%
• OracleORCL0.4%
• Advanced Micro DevicesAMD0.4%
• Home DepotHD0.4%
• Coca-ColaKO0.4%
• Johnson & JohnsonJNJ0.4%
• Exxon MobilXOM0.4%
• Vanguard Mrngstar GR ETF-sui ETFVUG0.4%
• Cisco SystemsCSCO0.4%
• WalmartWMT0.4%
• JPMorgan Chase FinancialAMJB0.4%
• AbbVieABBV0.3%
• John Hancock Exchange TradedJHHY0.3%
• Vanguard Index FundsVTI0.3%
• Costco WholesaleCOST0.3%
• iShares Short-term National ETFSUB0.3%
• Vanguard Short-term Treasury ETFVGSH0.3%
• IntelINTC0.3%
• iShares Msci Eafe ETFEFA0.3%
• United Airlines HoldingsUAL0.3%
• State Street SPDR Msci Acwi ETFCWI0.3%
• American Centy ETF TrAVUV0.3%
• iShares Russell 1000 Growth ETFIWF0.3%
• EatonETN0.3%
• American Centy ETF TrAVDE0.3%
• UMB FinancialUMBF0.3%
• BoeingBA0.3%
• iShares S&P 500 Value ETFIVE0.2%
• Bank FirstBFC0.2%
• Philip Morris InternationalPM0.2%
• Ishares Bitcoin Trust ETFIBIT0.2%
• STE Str SPDR PT DW EU ETFSPDW0.2%
• PepsicoPEP0.2%
• State Str Spdr S&P Midcap 40MDY0.2%
• MastercardMA0.2%
• J P Morgan Exchange Traded FundJEPI0.2%
• TJXTJX0.2%
• TeslaTSLA0.2%
• United RentalsURI0.2%
• ChevronCVX0.2%
• RTXRTX0.2%
• St SR UTL SL SE SPDR ETF-usd ETFXLU0.2%
• Vaneck ETF TrustMLN0.2%
• VisaV0.2%
• CitigroupC0.2%
• Palo Alto NetworksPANW0.2%
• OshkoshOSK0.2%
• DeereDE0.2%
• Vanguard Index FundsVOE0.2%
• Vanguard Ultra Short Bond ET ETFVUSB0.2%
• International Business MachinesIBM0.2%
• Dimensional ETF TrustDFAC0.2%
• Applied MaterialsAMAT0.2%
• Abbott LaboratoriesABT0.2%
• IsharesIEMG0.2%
• Analog DevicesADI0.2%