SEC 13F Intelligence

Managers / Q1 2023 · view latest →

Nicollet Investment Management, Inc.

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

Reported Value
$192M
Q1 2023
Positions
59
Filings on Record
29
2019–present window
Filed
May 9, 2023
original filing

Summary

Nicollet Investment Management, Inc. reported $192M in U.S.-listed holdings across 59 positions for Q1 2023.

Its largest position, AAPL, represents 12.7% of the portfolio.

Compared with Q4 2022, the fund opened 1 new position and exited 0.

Portfolio Metrics

Turnover
+2.8%
vs prior filed quarter
Top-10 Concentration
+55.7%
share of reported value
Largest Position
+12.7%
Apple Computer

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: 91.5%ETP: 7.2%REIT: 1.3%
  • Common Stock · 91.5% · $176M
  • ETP · 7.2% · $14M
  • REIT · 1.3% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
IVVIShares Core S&P 500 ETFNEW+930930+$382,000$382,000
ECLEcolab Inc.ADDED+17.5K22.1K+$3M$4M
SCHMSchwab U.S. Mid Cap ETFADDED+4.9K33.5K+$397,000$2M
ACNAccenture PLC CL AADDED+1.5K13.5K+$646,000$4M
AAPLApple ComputerTRIMMED−11.5K147.7K+$4M$24M
IONSIonis Pharmaceuticals IncADDED+5278.5K+$3,000$303,000
AMZNAmazon Com Inc.TRIMMED−6.5K106.3K+$2M$11M
UNPUnion Pacific CorpADDED+1.0K20.9K+$88,000$4M

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

Holdings — Q1 2023

58 positions (from 59 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLApple Computerhistory →COM12.67%$24M147.7K
2MSFTMicrosoft Corphistory →COM9.04%$17M60.3K
3GOOGAlphabet Inc Cl CCOM7.50%$14M138.8K
4AMZNAmazon Com Inc.history →COM5.71%$11M106.3K
5VVisa Inchistory →COM4.44%$9M37.9K
6GWWGrainger W W Inchistory →COM3.72%$7M10.4K
7TSLATesla Motors Inchistory →COM3.67%$7M34.0K
8SLBSchlumberger LTDhistory →COM3.56%$7M139.3K
9SCHXSchwab U.S. Large Cap ETFhistory →ETF2.95%$6M117.3K
10METAMeta Platforms Inc Cl Ahistory →COM2.46%$5M22.3K
11UNPUnion Pacific Corphistory →COM2.19%$4M20.9K
12KOCoca Cola Co.history →COM2.17%$4M67.4K
13UNHUnitedhealth Group Inchistory →COM2.04%$4M8.3K
14ACNAccenture PLC CL Ahistory →COM2.00%$4M13.5K
15ORCLOracle Corphistory →COM1.93%$4M39.9K
16ECLEcolab Inc.history →COM1.91%$4M22.1K
17FISVFiserv Inchistory →COM1.85%$4M31.4K
18MRKMerck & Co.history →COM1.74%$3M31.4K
19NOWServicenow, Inchistory →COM1.72%$3M7.1K
20PANWPalo Alto Networks Inchistory →COM1.65%$3M15.9K
21EOGE O G Resources Inc.history →COM1.60%$3M26.8K
22JNJJohnson & Johnsonhistory →COM1.49%$3M18.4K
23TJXTJX Cos Inc Newhistory →COM1.47%$3M36.0K
24CBChubb Ltd Fhistory →COM1.40%$3M13.9K
25EQIXEquinix, Inchistory →COM1.33%$3M3.5K
26SYYSysco Corp.history →COM1.29%$2M32.1K
27HDHome Depot Inc.history →COM1.29%$2M8.4K
28PYPLPaypal Holdings Inchistory →COM1.29%$2M32.6K
29IWLIshares Russell Top 200 ETFhistory →ETF1.25%$2M24.7K
30SCHMSchwab U.S. Mid Cap ETFhistory →ETF1.18%$2M33.5K
31FASTFastenal Companyhistory →COM1.04%$2M37.0K
32VMIValmont Inds IncCOM0.79%$2M4.8K
33AKAMAkamai Technologies IncCOM0.76%$1M18.7K
34UTHRUnited TherapeuticsCOM0.65%$1M5.5K
35SCHASchwab US Small Cap ETFETF0.64%$1M29.6K
36LHXL3 Harris Technologies IncCOM0.64%$1M6.3K
37EXPDExpeditors Int'l WACOM0.59%$1M10.2K
38KNXKnight Swift TransportationCOM0.50%$963,00017.0K
39LULULululemon Athletica IncCOM0.48%$915,0002.5K
40FISFISCOM0.46%$892,00016.4K
41SWKSSkyworks Solutions IncCOM0.42%$802,0006.8K
42SOSouthern CoCOM0.41%$797,00011.5K
43Splunk IncCOM0.41%$793,0008.3K
44CTRACoterra Energy IncCOM0.40%$776,00031.6K
45ALKSAlkermes PlcCOM0.38%$730,00025.9K
46SPYSPDR S&P 500 ETFETF0.37%$709,0001.7K
47RDNRadian Group IncCOM0.33%$630,00028.5K
48FFIVF5 Networks, IncCOM0.31%$591,0004.1K
49DINOHF Sinclair CorpCOM0.29%$567,00011.7K
50MDYSpdr S&P Midcap 400 ETFETF0.29%$563,0001.2K
51XELXCEL Energy IncCOM0.22%$415,0006.2K
52MMM3M CompanyCOM0.21%$408,0003.9K
53IVVIShares Core S&P 500 ETFETF0.20%$382,000930
54IONSIonis Pharmaceuticals IncCOM0.16%$303,0008.5K
55GLDSpdr Gold TR Gold ShsCOM0.16%$302,0001.6K
56IWMIShares Tr Russell 2000 ETFETF0.15%$280,0001.6K
57Stericycle IncCOM0.13%$257,0005.9K
58LLYEli LillyCOM0.11%$218,000635

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 ↗.