Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in NIC held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 1.6M | $241.5M | +44.0% | 10.333% | 0.00% |
| 2 | DIMENSIONAL FUND ADVISORS LP | 819K | $121.8M | +32.1% | 5.210% | 0.03% |
| 3 | STATE STREET CORP | 711K | $105.7M | +55.1% | 4.524% | 0.00% |
| 4 | WESTWOOD HOLDINGS GROUP INC | 487K | $72.3M | β | 3.096% | 0.53% |
| 5 | GEODE CAPITAL MANAGEMENT, LLC | 457K | $67.9M | +47.6% | 2.906% | 0.00% |
| 6 | AMERICAN CENTURY COMPANIES INC | 325K | $48.2M | +63.0% | 2.065% | 0.02% |
| 7 | FJ Capital Management LLC | 306K | $45.5M | +1400.3% | 1.948% | 5.13% |
| 8 | Boston Partners | 305K | $45.4M | +62.6% | 1.943% | 0.05% |
| 9 | GOLDMAN SACHS GROUP INC | 280K | $41.6M | +132.7% | 1.779% | 0.00% |
| 10 | FIRST TRUST ADVISORS LP | 262K | $39.0M | -32.5% | 1.667% | 0.03% |
| 11 | JENNISON ASSOCIATES LLC | 214K | $31.8M | β | 1.361% | 0.02% |
| 12 | SILVERCREST ASSET MANAGEMENT GROUP LLC | 211K | $31.4M | β | 1.345% | 0.23% |
| 13 | ALLIANCEBERNSTEIN L.P. | 255K | $31.0M | +9.2% | 1.623% | 0.01% |
| 14 | MANUFACTURERS LIFE INSURANCE COMPANY, THE | 204K | $30.4M | +0.4% | 1.299% | 0.03% |
| 15 | Invesco Ltd. | 204K | $30.3M | +874.3% | 1.298% | 0.00% |
| 16 | NORTHERN TRUST CORP | 204K | $30.3M | +69.3% | 1.295% | 0.00% |
| 17 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 158K | $23.4M | +43.1% | 1.003% | 0.00% |
| 18 | Champlain Investment Partners, LLC | 126K | $18.7M | β | 0.798% | 0.24% |
| 19 | JANUS HENDERSON GROUP PLC | 104K | $15.5M | +2.7% | 0.662% | 0.01% |
| 20 | WELLINGTON MANAGEMENT GROUP LLP | 95K | $14.1M | β | 0.602% | 0.00% |
| 21 | PRUDENTIAL FINANCIAL INC | 89K | $13.3M | β | 0.568% | 0.02% |
| 22 | Bank of New York Mellon Corp | 86K | $12.8M | +38.4% | 0.548% | 0.00% |
| 23 | MORGAN STANLEY | 80K | $11.9M | -16.3% | 0.508% | 0.00% |
| 24 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 75K | $11.2M | +327.2% | 0.479% | 0.00% |
| 25 | MENDON CAPITAL ADVISORS CORP | 75K | $11.1M | +274.9% | 0.477% | 4.32% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). β% of Fundβ shows how much of that investorβs total 13F portfolio is invested in NIC β a direct measure of their conviction.
Filings activity in NIC during Q1 2026, grouped by how each filer changed its position.
8 quarters of 13F filings Β· Ξ columns show change vs prior quarter
| Quarter | Inst. Holders | Ξ Holders | Ownership % | Ξ Ownership | Total 13F Value | Ξ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 224 | +17% | 62.55% | +20.86 pp | $1.46B | +50% |
| Q4 2025 | 191 | +8.5% | 41.69% | 0.27 pp | $974M | 0.7% |
| Q3 2025 | 176 | +8.6% | 41.96% | +2.81 pp | $980M | +7.2% |
| Q2 2025 | 162 | +3.2% | 39.15% | +4.26 pp | $914M | +12% |
| Q1 2025 | 157 | +4.0% | 34.89% | +7.09 pp | $815M | +25% |
| Q4 2024 | 151 | +11% | 27.80% | +3.49 pp | $649M | +14% |
| Q3 2024 | 136 | +16% | 24.31% | +3.78 pp | $568M | +18% |
| Q2 2024 | 117 | β | 20.53% | β | $479M | β |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Ξ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying NIC stock.
Based on Q1 2026 13F filings, institutional ownership of Nicolet Bankshares, Inc. stands at 62.5%, held across 224 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of NIC, with approximately 1,624,827 shares worth $0.24B as of Q1 2026.
Yes β 1 widely-followed marquee investor appear among the top 25 institutional holders of NIC, including SUSQUEHANNA INTERNATIONAL GROUP, LLP.
Our composite Smart Money Score for NIC is 68 out of 100 (Bullish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
65 institutions opened new positions in NIC during Q1 2026, while 32 fully exited. 143 added to existing positions and 15 trimmed.
NIC institutional ownership rose by 20.86 percentage points quarter-over-quarter, with a net change of +33 holders.
The top 10 institutions account for 56.7% of all reported 13F value in NIC, and the top 25 account for 78.4%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Nicolet Bankshares, Inc. (NIC) Institutional Ownership