SEC 13F Intelligence

Managers / Q1 2024 · view latest →

Nicollet Investment Management, Inc.

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

Reported Value
$271M
Q1 2024
Positions
68
Filings on Record
29
2019–present window
Filed
May 2, 2024
original filing

Summary

Nicollet Investment Management, Inc. reported $271M in U.S.-listed holdings across 68 positions for Q1 2024.

Its largest position, MSFT, represents 8.5% of the portfolio.

Compared with Q4 2023, the fund opened 5 new positions and exited 2.

Portfolio Metrics

Turnover
+4.5%
vs prior filed quarter
Top-10 Concentration
+50.9%
share of reported value
Largest Position
+8.5%
Microsoft
New / Exited
5 / 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: 89.4%ETP: 7.3%ADR: 2.0%REIT: 1.2%Other: 0.2%
  • Common Stock · 89.4% · $242M
  • ETP · 7.3% · $20M
  • ADR · 2.0% · $5M
  • REIT · 1.2% · $3M
  • Other · 0.2% · $489,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
RMDResmed IncNEW+28.7K28.7K+$6M$6M
HDHome Depot Inc.NEW+8.4K8.4K+$3M$3M
GNRCGenerac Holdings IncNEW+7.9K7.9K+$1M$1M
SMGThe Scotts Miracle-Gro CompanyNEW+12.9K12.9K+$966,000$966,000
Mural Oncology PlcNEW+100.0K100.0K+$489,000$489,000
Stericycle IncADDED+11.3K17.9K+$616,000$945,000
IONSIonis Pharmaceuticals IncADDED+10.7K20.5K+$395,000$890,000
MRKMerck & Co.SOLD OUT−29.9K0−$3M$0

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

Holdings — Q1 2024

67 positions (from 68 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMicrosoft Corphistory →COM8.47%$23M54.6K
2AAPLApple Computerhistory →COM8.22%$22M129.9K
3GOOGAlphabet Inc Cl CCOM7.68%$21M137.1K
4AMZNAmazon Com Inc.history →COM7.09%$19M106.5K
5METAMeta Platforms Inc Cl Ahistory →COM4.21%$11M23.5K
6VVisa Inchistory →COM3.86%$10M37.4K
7GWWGrainger W W Inchistory →COM3.68%$10M9.8K
8SLBSchlumberger LTDhistory →COM2.72%$7M134.6K
9NVDANvidiahistory →COM2.68%$7M8.1K
10SCHXSchwab U.S. Large Cap ETFhistory →ETF2.33%$6M101.7K
11IWLIshares Russell Top 200 ETFhistory →ETF2.13%$6M45.5K
12NOWServicenow, Inchistory →COM2.12%$6M7.5K
13RMDResmed Inchistory →COM2.10%$6M28.7K
14FISVFiserv Inchistory →COM2.02%$5M34.3K
15TSLATesla Motors Inchistory →COM2.00%$5M30.8K
16NVONovo-Nordisk AShistory →COM1.98%$5M41.8K
17ECLEcolab Inc.history →COM1.93%$5M22.7K
18UNPUnion Pacific Corphistory →COM1.87%$5M20.7K
19ORCLOracle Corphistory →COM1.84%$5M39.7K
20ACNAccenture PLC CL Ahistory →COM1.72%$5M13.5K
21PANWPalo Alto Networks Inchistory →COM1.71%$5M16.3K
22MMM3M Companyhistory →COM1.71%$5M43.7K
23UNHUnitedhealth Group Inchistory →COM1.54%$4M8.4K
24KOCoca Cola Co.history →COM1.49%$4M65.9K
25TJXTJX Cos Inc Newhistory →COM1.40%$4M37.5K
26TMOThermo Fisher Scientifichistory →COM1.31%$4M6.1K
27CBChubb Ltd Fhistory →COM1.30%$4M13.6K
28EOGE O G Resources Inc.history →COM1.25%$3M26.5K
29SCHMSchwab U.S. Mid Cap ETFhistory →ETF1.21%$3M40.2K
30HDHome Depot Inc.history →COM1.19%$3M8.4K
31SBUXStarbucks Corphistory →COM1.17%$3M34.8K
32EQIXEquinix, Inchistory →COM1.16%$3M3.8K
33FASTFastenal Companyhistory →COM1.12%$3M39.5K
34SYYSysco Corp.COM0.93%$3M31.1K
35AKAMAkamai Technologies IncCOM0.81%$2M20.1K
36PYPLPaypal Holdings IncCOM0.79%$2M32.0K
37LHXL3 Harris Technologies IncCOM0.52%$1M6.6K
38FISFISCOM0.50%$1M18.4K
39UTHRUnited TherapeuticsCOM0.50%$1M5.9K
40EXPDExpeditors Int'l WACOM0.49%$1M11.0K
41ALKSAlkermes PlcCOM0.44%$1M44.0K
42VMIValmont Inds IncCOM0.43%$1M5.1K
43SCHASchwab US Small Cap ETFETF0.41%$1M22.8K
44LULULululemon Athletica IncCOM0.38%$1M2.7K
45RDNRadian Group IncCOM0.38%$1M30.8K
46GNRCGenerac Holdings IncCOM0.37%$1M7.9K
47KNXKnight Swift TransportationCOM0.37%$1M18.2K
48SMGThe Scotts Miracle-Gro CompanyCOM0.36%$966,00012.9K
49CTRACoterra Energy IncCOM0.35%$949,00034.0K
50Stericycle IncCOM0.35%$945,00017.9K
51SPYSPDR S&P 500 ETFETF0.33%$893,0001.7K
52IONSIonis Pharmaceuticals IncCOM0.33%$890,00020.5K
53FFIVF5 Networks, IncCOM0.31%$829,0004.4K
54SOSouthern CoCOM0.30%$822,00011.5K
55DINOHF Sinclair CorpCOM0.29%$785,00013.0K
56SWKSSkyworks Solutions IncCOM0.28%$771,0007.1K
57MDYSpdr S&P Midcap 400 ETFETF0.26%$693,0001.2K
58LLYEli LillyCOM0.20%$529,000680
59Mural Oncology PlcCOM0.18%$489,000100.0K
60IVVIShares Core S&P 500 ETFETF0.18%$483,000918
61GLDSpdr Gold TR Gold ShsCOM0.13%$339,0001.4K
62IWMIShares Tr Russell 2000 ETFETF0.12%$336,0001.6K
63COSTCostco Wholesale CorpCOM0.11%$311,000425
64XELXCEL Energy IncCOM0.11%$294,0005.5K
65AVGOBroadcom IncCOM0.09%$253,000191
66VTIVanguard Total Stock Market ETFETF0.08%$229,000881
67IJRIshares Core S&P Small Cap ETFETF0.08%$208,0001.9K

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 ↗.