SEC 13F Intelligence

Managers / Q4 2022 · view latest →

NICHOLAS COMPANY, INC.

CIK 0000903949 · 411 E. WISCONSIN AVE., SUITE 2100, MILWAUKEE, WI, 53202 · 414-272-4650

Reported Value
$4.7B
Q4 2022
Positions
218
Filings on Record
39
2019–present window
Filed
Feb 9, 2023
original filing

Summary

Nicholas Company, Inc. reported $4.7B in U.S.-listed holdings across 218 positions for Q4 2022.

Its largest position, MSFT, represents 3.2% of the portfolio.

Compared with Q3 2022, the fund opened 6 new positions and exited 11.

Portfolio Metrics

Turnover
+4.3%
vs prior filed quarter
Top-10 Concentration
+19.8%
share of reported value
Largest Position
+3.2%
Microsoft Corporation
New / Exited
6 / 11
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $3.8BQ4 ’18Q1 ’19: $4.2BQ2 ’19: $4.5BQ3 ’19: $4.4BQ4 ’19: $4.7BQ4 ’19Q1 ’20: $3.5BQ2 ’20: $4.3BQ3 ’20: $4.7BQ4 ’20: $5.3BQ4 ’20Q1 ’21: $5.4BQ2 ’21: $5.7BQ3 ’21: $5.7BQ4 ’21: $6.1BQ4 ’21Q1 ’22: $5.6BQ2 ’22: $4.6BQ3 ’22: $4.4BQ4 ’22: $4.7BQ4 ’22Q1 ’23: $4.9BQ2 ’23: $5.2BQ3 ’23: $5.0BQ4 ’23: $5.6BQ4 ’23Q1 ’24: $6.1BQ2 ’24: $6.0BQ3 ’24: $6.1BQ4 ’24: $6.2BQ4 ’24Q1 ’25: $5.8BQ2 ’25: $6.0BQ3 ’25: $5.9BQ4 ’25: $5.7BQ4 ’25Q1 ’26: $5.1Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 89.9%Other: 8.0%MLP: 0.9%REIT: 0.6%ADR: 0.6%
  • Common Stock · 89.9% · $4.2B
  • Other · 8.0% · $372M
  • MLP · 0.9% · $44M
  • REIT · 0.6% · $28M
  • ADR · 0.6% · $28M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TEAM1EURAtlassian Corp Class ANEW+73.2K73.2K+$9M$9M
TTDTrade Desk, Inc. Class ANEW+209.4K209.4K+$9M$9M
FOURShift4 Payments, Inc. Class ANEW+115.1K115.1K+$6M$6M
AMTAmerican Tower CorporationNEW+26.2K26.2K+$6M$6M
PZZAPapa John's International, Inc.NEW+51.4K51.4K+$4M$4M
ALTREURAltair Engineering Inc. Class ANEW+91.0K91.0K+$4M$4M
VMCVulcan Materials CompanyADDED+155.7K255.5K+$29M$45M
AQUAUSDEvoqua Water Technologies CorpADDED+57.0K111.9K+$3M$4M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2022

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMicrosoft Corporationhistory →COM3.20%$149M623.3K
2GOOGAlphabet Inc. Class Chistory →CAP STK CL C2.30%$108M1.21M
3ORLYO'Reilly Automotive, Inc.history →COM2.19%$102M121.2K
4AAPLApple Inc.history →COM2.12%$99M762.5K
5HDHome Depot, Inc.history →COM1.88%$88M277.6K
6Aon Plc Class ASHS CL A1.75%$82M273.1K
7ULTAUlta Beauty Inc.history →COM1.73%$81M172.1K
8TMOThermo Fisher Scientific Inc.history →COM1.59%$74M135.2K
9TJXTJX Companies Inchistory →COM1.53%$72M899.5K
10MAMastercard Incorporated Class Ahistory →CL A1.48%$69M198.7K
11HONGBPHoneywell International Inc.history →COM1.37%$64M298.9K
12CITCintas Corporationhistory →COM1.36%$64M141.3K
13CB1AConstellation Brands, Inc. Class Ahistory →CL A1.33%$62M267.5K
14FASTFastenal Companyhistory →COM1.27%$59M1.25M
15UNHUnitedHealth Group Incorporatedhistory →COM1.26%$59M111.3K
16WDAYWorkday, Inc. Class Ahistory →CL A1.24%$58M346.9K
17FTVFortive Corp.history →COM1.24%$58M899.3K
18DC4DexCom, Inc.history →COM1.21%$57M499.0K
19SPGIS&P Global, Inc.history →COM1.19%$55M165.4K
20VVisa Inc. Class Ahistory →COM CL A1.18%$55M266.2K
21PANWPalo Alto Networks, Inc.history →COM1.13%$53M378.4K
22BSXBoston Scientific Corporationhistory →COM1.10%$52M1.11M
23JPMJPMorgan Chase & Co.history →COM1.10%$51M382.5K
24JNJJohnson & Johnsonhistory →COM1.09%$51M288.8K
25SCHWCharles Schwab Corphistory →COM1.08%$50M606.2K
26FISVFiserv, Inc.history →COM1.07%$50M493.7K
27ITWIllinois Tool Works Inc.history →COM1.04%$49M221.3K
28MRKMerck & Co., Inc.history →COM1.04%$49M439.0K
29COSTCostco Wholesale Corporationhistory →COM1.03%$48M105.4K
30CPRTCopart, Inc.history →COM1.03%$48M787.4K
31Medtronic PlcSHS1.02%$48M616.5K
32AMZNAmazon.com, Inc.history →COM1.02%$48M569.4K
33ADBEAdobe Incorporatedhistory →COM1.02%$48M141.3K
34SNPSSynopsys, Inc.history →COM1.01%$47M147.6K
35CBRECBRE Group, Inc. Class Ahistory →CL A0.99%$46M601.3K
36SBUXStarbucks Corporationhistory →COM0.96%$45M451.9K
37VMCVulcan Materials Companyhistory →COM0.96%$45M255.5K
38Chubb LimitedCOM0.95%$44M201.4K
39EPDEnterprise Products Partners L.P.history →COM0.94%$44M1.83M
40CMGChipotle Mexican Grill, Inc.history →COM0.94%$44M31.7K
41Laboratory Corporation of America HoldingsCOM NEW0.94%$44M185.9K
42AWMSkyworks Solutions, Inc.history →COM0.93%$44M478.6K
43MDLZMondelez International, Inc. Class Ahistory →CL A0.93%$43M649.6K
44TXNTexas Instruments Incorporatedhistory →COM0.92%$43M259.2K
45Alcon AGORD SHS0.89%$42M607.5K
46LLYEli Lilly and Companyhistory →COM0.88%$41M112.1K
47ICEIntercontinental Exchange, Inc.history →COM0.87%$41M396.8K
48KLACKLA Corporationhistory →COM NEW0.87%$41M107.5K
49SHWSherwin-Williams Companyhistory →COM0.85%$40M167.3K
50NVDANVIDIA Corporationhistory →COM0.83%$39M265.4K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$5.1B203May 4, 202613F-HRchanges · EDGAR ↗
Q4 2025$5.7B205Feb 4, 202613F-HRchanges · EDGAR ↗
Q3 2025$5.9B215Nov 12, 202513F-HRchanges · EDGAR ↗
Q2 2025$6.0B216Aug 5, 202513F-HRchanges · EDGAR ↗
Q1 2025$5.8B213May 8, 202513F-HRchanges · EDGAR ↗
Q4 2024$6.2B214Feb 10, 202513F-HRchanges · EDGAR ↗
Q3 2024$6.1B216Nov 12, 202413F-HRchanges · EDGAR ↗
Q2 2024$6.0B216Jul 24, 202413F-HRchanges · EDGAR ↗
Q1 2024$6.1B218May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$5.6B213Feb 13, 202413F-HRchanges · EDGAR ↗
Q3 2023$5.0B214Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$5.2B217Aug 8, 202313F-HRchanges · EDGAR ↗
Q1 2023$4.9B219May 11, 202313F-HRchanges · EDGAR ↗
Q4 2022$4.7B218Feb 9, 202313F-HRchanges · EDGAR ↗
Q3 2022$4.4B223Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$4.6B225Jul 26, 202213F-HRchanges · EDGAR ↗
Q1 2022$5.6B230May 11, 202213F-HRchanges · EDGAR ↗
Q4 2021$6.1B230Feb 11, 202213F-HRchanges · EDGAR ↗
Q3 2021$5.7B235Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$5.7B235Aug 12, 202113F-HRchanges · EDGAR ↗
Q1 2021$5.4B232May 14, 202113F-HRchanges · EDGAR ↗
Q4 2020$5.3B228Feb 10, 202113F-HRchanges · EDGAR ↗
Q3 2020$4.7B222Nov 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$4.3B218Aug 13, 202013F-HRchanges · EDGAR ↗
Q1 2020$3.5B212May 13, 202013F-HRchanges · EDGAR ↗
Q4 2019$4.7B220Feb 13, 202013F-HRchanges · EDGAR ↗
Q3 2019$4.4B221Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$4.5B219Aug 13, 201913F-HRchanges · EDGAR ↗
Q1 2019$4.2B218May 14, 201913F-HRchanges · EDGAR ↗
Q4 2018$3.8B225Feb 14, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.