SEC 13F Intelligence

Managers / Q4 2021 · view latest →

Nicollet Investment Management, Inc.

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

Reported Value
$249M
Q4 2021
Positions
65
Filings on Record
29
2019–present window
Filed
Feb 9, 2022
original filing

Summary

Nicollet Investment Management, Inc. reported $249M in U.S.-listed holdings across 65 positions for Q4 2021.

Its largest position, AAPL, represents 14.9% of the portfolio.

Compared with Q3 2021, the fund opened 3 new positions and exited 3.

Portfolio Metrics

Turnover
+6.6%
vs prior filed quarter
Top-10 Concentration
+62.1%
share of reported value
Largest Position
+14.9%
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: 90.9%ETP: 6.3%ADR: 1.4%REIT: 1.3%Other: 0.1%
  • Common Stock · 90.9% · $226M
  • ETP · 6.3% · $16M
  • ADR · 1.4% · $4M
  • REIT · 1.3% · $3M
  • Other · 0.1% · $209,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
FFIVF5 Networks, IncNEW+4.3K4.3K+$1M$1M
LLYEli LillyNEW+750750+$207,000$207,000
SPOTSpotify TechnologyNEW+865865+$202,000$202,000
LUVSouthwest AirlinesSOLD OUT−121.1K0−$6M$0
BABAAlibaba Group Holdings LtdSOLD OUT−22.1K0−$3M$0
DISWalt Disney CompanySOLD OUT−1.3K0−$214,000$0
UNPUnion Pacific CorpADDED+8.7K22.1K+$3M$6M
Draftkings IncTRIMMED−3.3K9.2K−$351,000$253,000

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

Holdings — Q4 2021

64 positions (from 65 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLApple Computerhistory →COM14.93%$37M209.1K
2MSFTMicrosoft Corphistory →COM9.04%$22M66.8K
3GOOGAlphabet Inc Cl CCOM8.94%$22M7.7K
4AMZNAmazon Com Inc.history →COM8.46%$21M6.3K
5TSLATesla Motors Inchistory →COM5.16%$13M12.1K
6METAMeta Platforms Inc Cl Ahistory →COM4.24%$11M31.3K
7VVisa Inchistory →COM3.63%$9M41.6K
8SCHXSchwab U.S. Large Cap ETFhistory →ETF2.68%$7M58.5K
9PYPLPaypal Holdings Inchistory →COM2.63%$7M34.7K
10GWWGrainger W W Inchistory →COM2.36%$6M11.3K
11UNPUnion Pacific Corphistory →COM2.24%$6M22.1K
12NOWServicenow, Inchistory →COM1.99%$5M7.6K
13UNHUnitedhealth Group Inchistory →COM1.87%$5M9.3K
14KOCoca Cola Co.history →COM1.75%$4M73.4K
15HDHome Depot Inc.history →COM1.65%$4M9.9K
16JPMJ.P. Morgan Chase & Co.history →COM1.64%$4M25.7K
17JNJJohnson & Johnsonhistory →COM1.46%$4M21.2K
18SAPSAP SEhistory →COM1.44%$4M25.5K
19PGProcter & Gamblehistory →COM1.42%$4M21.6K
20FISVFiserv Inchistory →COM1.40%$3M33.6K
21EQIXEquinix, Inchistory →COM1.30%$3M3.8K
22PANWPalo Alto Networks Inchistory →COM1.26%$3M5.6K
23TJXTJX Cos Inc Newhistory →COM1.24%$3M40.7K
24LMTLockheed Martin Corphistory →COM1.24%$3M8.7K
25MRKMerck & Co.history →COM1.15%$3M37.4K
26CBChubb Ltd Fhistory →COM1.10%$3M14.1K
27FASTFastenal Companyhistory →COM1.01%$3M39.3K
28AKAMAkamai Technologies IncCOM0.92%$2M19.5K
29SCHMSchwab U.S. Mid Cap ETFETF0.90%$2M27.7K
30IWLIshares Russell Top 200 ETFETF0.87%$2M19.1K
31FISFISCOM0.80%$2M18.1K
32SCHASchwab US Small Cap ETFETF0.65%$2M15.8K
33EXPDExpeditors Int'l WACOM0.59%$1M11.0K
34LHXL3 Harris Technologies IncCOM0.57%$1M6.6K
35VMIValmont Inds IncCOM0.51%$1M5.1K
36UTHRUnited TherapeuticsCOM0.51%$1M5.8K
37SMGThe Scotts Miracle-Gro CompanyCOM0.50%$1M7.7K
38SWKSSkyworks Solutions IncCOM0.45%$1M7.2K
39KNXKnight Swift TransportationCOM0.45%$1M18.2K
40ECLEcolab Inc.COM0.44%$1M4.7K
41FFIVF5 Networks, IncCOM0.42%$1M4.3K
42Splunk IncCOM0.41%$1M8.8K
43LULULululemon Athletica IncCOM0.40%$997,0002.5K
44SPYSPDR S&P 500 ETFETF0.40%$996,0002.1K
45SOSouthern CoCOM0.32%$786,00011.5K
46MDYSpdr S&P Midcap 400 ETFETF0.26%$649,0001.3K
47CTRACoterra Energy IncCOM0.26%$637,00033.5K
48ALKSAlkermes PlcCOM0.25%$629,00027.1K
49RDNRadian Group IncCOM0.25%$612,00028.9K
50HollyFrontier CorporationCOM0.16%$394,00012.0K
51Stericycle IncCOM0.15%$376,0006.3K
52FuboTV IncCOM0.15%$376,00024.2K
53IWMIShares Tr Russell 2000 ETFETF0.14%$349,0001.6K
54IVVIShares Core S&P 500 ETFETF0.14%$345,000724
55XELXCEL Energy IncCOM0.13%$318,0004.7K
56GLDSpdr Gold TR Gold ShsCOM0.11%$282,0001.6K
57IONSIonis Pharmaceuticals IncCOM0.10%$259,0008.5K
58Draftkings IncCOM0.10%$253,0009.2K
59VTIVanguard Total Stock Market ETFETF0.09%$226,000938
60IJRIshares Core S&P Small Cap ETFETF0.09%$216,0001.9K
61MMM3M CompanyCOM0.09%$215,0001.2K
62Phillips Edison & Co.COM0.08%$209,0006.7K
63LLYEli LillyCOM0.08%$207,000750
64SPOTSpotify TechnologyCOM0.08%$202,000865

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 ↗.