SEC 13F Intelligence

Managers / Q3 2021 · view latest →

Nicollet Investment Management, Inc.

CIK 0001729048 · 800 NORTH WASHINGTON AVENUE, SUITE 150, MINNEAPOLIS, MN, 55401 · 6129153033

Reported Value
$238M
Q3 2021
Positions
65
Filings on Record
29
2019–present window
Filed
Nov 5, 2021
original filing

Summary

Nicollet Investment Management, Inc. reported $238M in U.S.-listed holdings across 65 positions for Q3 2021.

Its largest position, AAPL, represents 12.8% of the portfolio.

Compared with Q2 2021, the fund opened 3 new positions and exited 3.

Portfolio Metrics

Turnover
+3.8%
vs prior filed quarter
Top-10 Concentration
+60.3%
share of reported value
Largest Position
+12.8%
Apple Computer
New / Exited
3 / 3
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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
Q1 ’19: $152MQ1 ’19Q2 ’19: $159MQ3 ’19: $158MQ4 ’19: $214MQ1 ’20: $135MQ1 ’20Q2 ’20: $180MQ3 ’20: $198MQ4 ’20: $223MQ1 ’21: $228MQ1 ’21Q2 ’21: $246MQ3 ’21: $238MQ4 ’21: $249MQ1 ’22: $225MQ1 ’22Q2 ’22: $186MQ3 ’22: $183MQ4 ’22: $173MQ1 ’23: $192MQ1 ’23Q2 ’23: $225MQ3 ’23: $223MQ4 ’23: $245MQ1 ’24: $271MQ1 ’24Q2 ’24: $268MQ3 ’24: $289MQ4 ’24: $291MQ1 ’25: $284MQ1 ’25Q2 ’25: $299MQ3 ’25: $307MQ4 ’25: $316MQ1 ’26: $292MQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 89.7%ETP: 6.0%ADR: 2.8%REIT: 1.3%Other: 0.1%
  • Common Stock · 89.7% · $213M
  • ETP · 6.0% · $14M
  • ADR · 2.8% · $7M
  • REIT · 1.3% · $3M
  • Other · 0.1% · $211,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
XELXCEL Energy IncNEW+4.7K4.7K+$296,000$296,000
Phillips Edison & Co.NEW+6.7K6.7K+$211,000$211,000
VTIVanguard Total Stock Market ETFNEW+931931+$207,000$207,000
HONHoneywell Intl IncSOLD OUT−18.9K0−$4M$0
FFIVF5 Networks, IncSOLD OUT−4.3K0−$812,000$0
SPOTSpotify TechnologySOLD OUT−8650−$238,000$0
IVVIShares Core S&P 500 ETFTRIMMED−1.7K719−$719,000$310,000
SPYSPDR S&P 500 ETFTRIMMED−3.9K2.1K−$2M$900,000

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

Holdings — Q3 2021

64 positions (from 65 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLApple Computerhistory →COM12.81%$30M215.0K
2GOOGAlphabet Inc Cl CCOM8.83%$21M7.9K
3AMZNAmazon Com Inc.history →COM8.83%$21M6.4K
4MSFTMicrosoft Corphistory →COM8.11%$19M68.3K
5METAFacebookhistory →COM4.58%$11M32.1K
6TSLATesla Motors Inchistory →COM4.05%$10M12.4K
7VVisa Inchistory →COM3.98%$9M42.4K
8PYPLPaypal Holdings Inchistory →COM3.88%$9M35.5K
9LUVSouthwest Airlineshistory →COM2.62%$6M121.1K
10SCHXSchwab U.S. Large Cap ETFhistory →ETF2.61%$6M59.7K
11NOWServicenow, Inchistory →COM2.04%$5M7.8K
12GWWGrainger W W Inchistory →COM1.91%$5M11.5K
13JPMJ.P. Morgan Chase & Co.history →COM1.81%$4M26.2K
14KOCoca Cola Co.history →COM1.65%$4M74.5K
15FISVFiserv Inchistory →COM1.62%$4M35.4K
16UNHUnitedhealth Group Inchistory →COM1.55%$4M9.4K
17SAPSAP SEhistory →COM1.47%$3M25.8K
18JNJJohnson & Johnsonhistory →COM1.46%$3M21.5K
19HDHome Depot Inc.history →COM1.40%$3M10.2K
20BABAAlibaba Group Holdings Ltdhistory →COM1.38%$3M22.1K
21LMTLockheed Martin Corphistory →COM1.33%$3M9.1K
22PGProcter & Gamblehistory →COM1.32%$3M22.4K
23EQIXEquinix, Inchistory →COM1.29%$3M3.9K
24MRKMerck & Co.history →COM1.20%$3M38.0K
25TJXTJX Cos Inc Newhistory →COM1.15%$3M41.5K
26PANWPalo Alto Networks Inchistory →COM1.15%$3M5.7K
27UNPUnion Pacific Corphistory →COM1.10%$3M13.4K
28CBChubb Ltd Fhistory →COM1.05%$2M14.3K
29FISFISCOM0.98%$2M19.2K
30AKAMAkamai Technologies IncCOM0.88%$2M19.9K
31FASTFastenal CompanyCOM0.86%$2M39.8K
32IWLIshares Russell Top 200 ETFETF0.84%$2M19.4K
33SCHMSchwab U.S. Mid Cap ETFETF0.73%$2M22.5K
34SCHASchwab US Small Cap ETFETF0.67%$2M15.8K
35LHXL3 Harris Technologies IncCOM0.63%$1M6.7K
36Splunk IncCOM0.57%$1M9.3K
37EXPDExpeditors Int'l WACOM0.55%$1M10.9K
38VMIValmont Inds IncCOM0.51%$1M5.2K
39SWKSSkyworks Solutions IncCOM0.50%$1M7.3K
40SMGThe Scotts Miracle-Gro CompanyCOM0.50%$1M8.1K
41UTHRUnited TherapeuticsCOM0.46%$1M5.9K
42LULULululemon Athletica IncCOM0.44%$1M2.6K
43ECLEcolab Inc.COM0.41%$975,0004.7K
44KNXKnight Swift TransportationCOM0.40%$944,00018.5K
45SPYSPDR S&P 500 ETFETF0.38%$900,0002.1K
46ALKSAlkermes PlcCOM0.36%$850,00027.6K
47CTRACabot Oil & Gas CorpCOM0.31%$744,00034.2K
48SOSouthern CoCOM0.30%$710,00011.5K
49FuboTV IncCOM0.29%$694,00029.0K
50RDNRadian Group IncCOM0.28%$672,00029.6K
51Draftkings IncCOM0.25%$604,00012.5K
52MDYSpdr S&P Midcap 400 ETFETF0.25%$602,0001.3K
53Stericycle IncCOM0.20%$472,0006.9K
54HollyFrontier CorporationCOM0.18%$430,00013.0K
55IONSIonis Pharmaceuticals IncCOM0.15%$352,00010.5K
56IWMIShares Tr Russell 2000 ETFETF0.14%$343,0001.6K
57IVVIShares Core S&P 500 ETFETF0.13%$310,000719
58XELXCEL Energy IncCOM0.12%$296,0004.7K
59GLDSpdr Gold TR Gold ShsCOM0.11%$271,0001.6K
60DISWalt Disney CompanyCOM0.09%$214,0001.3K
61MMM3M CompanyCOM0.09%$212,0001.2K
62Phillips Edison & Co.COM0.09%$211,0006.7K
63VTIVanguard Total Stock Market ETFETF0.09%$207,000931
64IJRIshares Core S&P Small Cap ETFETF0.09%$206,0001.9K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$292M76May 13, 202613F-HRchanges · EDGAR ↗
Q4 2025$316M74Feb 11, 202613F-HRchanges · EDGAR ↗
Q3 2025$307M71Nov 10, 202513F-HRchanges · EDGAR ↗
Q2 2025$299M73Aug 7, 202513F-HRchanges · EDGAR ↗
Q1 2025$284M70May 12, 202513F-HRchanges · EDGAR ↗
Q4 2024$291M71Feb 12, 202513F-HRchanges · EDGAR ↗
Q3 2024$289M70Nov 6, 202413F-HRchanges · EDGAR ↗
Q2 2024$268M68Aug 7, 202413F-HRchanges · EDGAR ↗
Q1 2024$271M68May 2, 202413F-HRchanges · EDGAR ↗
Q4 2023$245M65Feb 12, 202413F-HRchanges · EDGAR ↗
Q3 2023$223M62Nov 9, 202313F-HRchanges · EDGAR ↗
Q2 2023$225M60Aug 8, 202313F-HRchanges · EDGAR ↗
Q1 2023$192M59May 9, 202313F-HRchanges · EDGAR ↗
Q4 2022$173M58Feb 6, 202313F-HRchanges · EDGAR ↗
Q3 2022$183M57Nov 8, 202213F-HRchanges · EDGAR ↗
Q2 2022$186M58Aug 11, 202213F-HRchanges · EDGAR ↗
Q1 2022$225M60May 4, 202213F-HRchanges · EDGAR ↗
Q4 2021$249M65Feb 9, 202213F-HRchanges · EDGAR ↗
Q3 2021$238M65Nov 5, 202113F-HRchanges · EDGAR ↗
Q2 2021$246M65Jul 28, 202113F-HRchanges · EDGAR ↗
Q1 2021$228M67May 10, 202113F-HRchanges · EDGAR ↗
Q4 2020$223M62Feb 9, 202113F-HRchanges · EDGAR ↗
Q3 2020$198M58Nov 10, 202013F-HRchanges · EDGAR ↗
Q2 2020$180M57Aug 4, 202013F-HRchanges · EDGAR ↗
Q1 2020$135M55May 4, 202013F-HRchanges · EDGAR ↗
Q4 2019$214M64Feb 7, 202013F-HRchanges · EDGAR ↗
Q3 2019$158M66Nov 12, 201913F-HRchanges · EDGAR ↗
Q2 2019$159M66Aug 9, 201913F-HRchanges · EDGAR ↗
Q1 2019$152M66May 2, 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 ↗.