SEC 13F Intelligence

Managers / Q4 2022 · view latest →

Nicollet Investment Management, Inc.

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

Reported Value
$173M
Q4 2022
Positions
58
Filings on Record
29
2019–present window
Filed
Feb 6, 2023
original filing

Summary

Nicollet Investment Management, Inc. reported $173M in U.S.-listed holdings across 58 positions for Q4 2022.

Its largest position, AAPL, represents 11.9% of the portfolio.

Compared with Q3 2022, the fund opened 3 new positions and exited 2.

Portfolio Metrics

Turnover
+8.0%
vs prior filed quarter
Top-10 Concentration
+54.0%
share of reported value
Largest Position
+11.9%
Apple Computer
New / Exited
3 / 2
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: 91.6%ETP: 7.1%REIT: 1.4%
  • Common Stock · 91.6% · $159M
  • ETP · 7.1% · $12M
  • REIT · 1.4% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SYYSysco Corp.NEW+31.0K31.0K+$2M$2M
LULULululemon Athletica IncNEW+2.6K2.6K+$828,000$828,000
MMM3M CompanyNEW+3.9K3.9K+$465,000$465,000
PGProcter & GambleSOLD OUT−20.9K0−$3M$0
SMGThe Scotts Miracle-Gro CompanySOLD OUT−7.6K0−$324,000$0
XELXCEL Energy IncADDED+2.0K6.2K+$165,000$432,000
METAMeta Platforms Inc Cl ATRIMMED−6.0K23.0K−$1M$3M
ACNAccenture PLC CL ATRIMMED−2.4K12.0K−$503,000$3M

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

Holdings — Q4 2022

57 positions (from 58 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLApple Computerhistory →COM11.94%$21M159.2K
2MSFTMicrosoft Corphistory →COM8.58%$15M62.0K
3GOOGAlphabet Inc Cl CCOM7.32%$13M143.1K
4AMZNAmazon Com Inc.history →COM5.47%$9M112.9K
5VVisa Inchistory →COM4.67%$8M39.0K
6SLBSchlumberger LTDhistory →COM4.42%$8M143.4K
7GWWGrainger W W Inchistory →COM3.46%$6M10.8K
8SCHXSchwab U.S. Large Cap ETFhistory →ETF3.06%$5M117.3K
9UNHUnitedhealth Group Inchistory →COM2.55%$4M8.3K
10KOCoca Cola Co.history →COM2.55%$4M69.4K
11TSLATesla Motors Inchistory →COM2.47%$4M34.8K
12UNPUnion Pacific Corphistory →COM2.38%$4M19.9K
13MRKMerck & Co.history →COM2.09%$4M32.6K
14EOGE O G Resources Inc.history →COM2.05%$4M27.4K
15JNJJohnson & Johnsonhistory →COM1.94%$3M19.1K
16ORCLOracle Corphistory →COM1.94%$3M41.2K
17FISVFiserv Inchistory →COM1.92%$3M32.8K
18CBChubb Ltd Fhistory →COM1.85%$3M14.6K
19ACNAccenture PLC CL Ahistory →COM1.85%$3M12.0K
20TJXTJX Cos Inc Newhistory →COM1.72%$3M37.5K
21NOWServicenow, Inchistory →COM1.65%$3M7.4K
22METAMeta Platforms Inc Cl Ahistory →COM1.60%$3M23.0K
23HDHome Depot Inc.history →COM1.59%$3M8.7K
24SYYSysco Corp.history →COM1.37%$2M31.0K
25EQIXEquinix, Inchistory →COM1.36%$2M3.6K
26PYPLPaypal Holdings Inchistory →COM1.35%$2M32.7K
27PANWPalo Alto Networks Inchistory →COM1.33%$2M16.5K
28IWLIshares Russell Top 200 ETFhistory →ETF1.22%$2M23.6K
29SCHMSchwab U.S. Mid Cap ETFhistory →ETF1.08%$2M28.6K
30FASTFastenal Companyhistory →COM1.05%$2M38.6K
31VMIValmont Inds IncCOM0.95%$2M5.0K
32UTHRUnited TherapeuticsCOM0.93%$2M5.8K
33AKAMAkamai Technologies IncCOM0.92%$2M18.8K
34LHXL3 Harris Technologies IncCOM0.79%$1M6.6K
35SCHASchwab US Small Cap ETFETF0.69%$1M29.6K
36FISFISCOM0.67%$1M17.1K
37EXPDExpeditors Int'l WACOM0.64%$1M10.7K
38KNXKnight Swift TransportationCOM0.54%$931,00017.8K
39LULULululemon Athletica IncCOM0.48%$828,0002.6K
40SOSouthern CoCOM0.47%$818,00011.5K
41CTRACoterra Energy IncCOM0.47%$807,00032.9K
42Splunk IncCOM0.42%$722,0008.4K
43ALKSAlkermes PlcCOM0.40%$698,00026.7K
44ECLEcolab Inc.COM0.39%$680,0004.7K
45SPYSPDR S&P 500 ETFETF0.38%$652,0001.7K
46SWKSSkyworks Solutions IncCOM0.37%$644,0007.1K
47DINOHF Sinclair CorpCOM0.36%$620,00011.9K
48FFIVF5 Networks, IncCOM0.34%$590,0004.1K
49RDNRadian Group IncCOM0.32%$553,00029.0K
50MDYSpdr S&P Midcap 400 ETFETF0.31%$543,0001.2K
51MMM3M CompanyCOM0.27%$465,0003.9K
52XELXCEL Energy IncCOM0.25%$432,0006.2K
53Stericycle IncCOM0.17%$302,0006.1K
54IONSIonis Pharmaceuticals IncCOM0.17%$300,0007.9K
55GLDSpdr Gold TR Gold ShsCOM0.16%$280,0001.6K
56IWMIShares Tr Russell 2000 ETFETF0.16%$274,0001.6K
57LLYEli LillyCOM0.13%$232,000635

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 ↗.