SEC 13F Intelligence

Managers / Q2 2024 · view latest →

Nicollet Investment Management, Inc.

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

Reported Value
$268M
Q2 2024
Positions
68
Filings on Record
29
2019–present window
Filed
Aug 7, 2024
original filing

Summary

Nicollet Investment Management, Inc. reported $268M in U.S.-listed holdings across 68 positions for Q2 2024.

Its largest position, GOOG, represents 9.2% of the portfolio.

Compared with Q1 2024, the fund opened 2 new positions and exited 2.

Portfolio Metrics

Turnover
+6.6%
vs prior filed quarter
Top-10 Concentration
+52.1%
share of reported value
Largest Position
+9.2%
Alphabet
New / Exited
2 / 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: 89.2%ETP: 7.4%ADR: 2.2%REIT: 1.1%Other: 0.1%
  • Common Stock · 89.2% · $239M
  • ETP · 7.4% · $20M
  • ADR · 2.2% · $6M
  • REIT · 1.1% · $3M
  • Other · 0.1% · $308,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CRMSalesforce.comNEW+15.0K15.0K+$4M$4M
SOLVSolventum CorpNEW+10.6K10.6K+$560,000$560,000
NVDANvidiaADDED+70.5K78.5K+$2M$10M
TSLATesla Motors IncSOLD OUT−30.8K0−$5M$0
FFIVF5 Networks, IncSOLD OUT−4.4K0−$829,000$0
XELXCEL Energy IncADDED+3.0K8.4K+$155,000$449,000
AAPLApple ComputerTRIMMED−46.1K83.7K−$5M$18M
GLDSpdr Gold TR Gold ShsADDED+3001.6K+$16,000$355,000

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

Holdings — Q2 2024

67 positions (from 68 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GOOGAlphabet Inc Cl CCOM9.22%$25M135.0K
2MSFTMicrosoft Corphistory →COM9.04%$24M54.2K
3AMZNAmazon Com Inc.history →COM7.59%$20M105.3K
4AAPLApple Computerhistory →COM6.59%$18M83.7K
5METAMeta Platforms Inc Cl Ahistory →COM4.37%$12M23.2K
6NVDANvidiahistory →COM3.62%$10M78.5K
7VVisa Inchistory →COM3.61%$10M36.9K
8GWWGrainger W W Inchistory →COM3.26%$9M9.7K
9SCHXSchwab U.S. Large Cap ETFhistory →ETF2.44%$7M101.7K
10SLBSchlumberger LTDhistory →COM2.33%$6M132.2K
11IWLIshares Russell Top 200 ETFhistory →ETF2.28%$6M45.6K
12NVONovo-Nordisk AShistory →COM2.20%$6M41.2K
13NOWServicenow, Inchistory →COM2.16%$6M7.3K
14ORCLOracle Corphistory →COM2.07%$6M39.2K
15RMDResmed Inchistory →COM2.02%$5M28.3K
16PANWPalo Alto Networks Inchistory →COM2.01%$5M15.9K
17ECLEcolab Inc.history →COM1.99%$5M22.3K
18FISVFiserv Inchistory →COM1.91%$5M34.3K
19UNPUnion Pacific Corphistory →COM1.72%$5M20.4K
20MMM3M Companyhistory →COM1.64%$4M43.1K
21UNHUnitedhealth Group Inchistory →COM1.58%$4M8.3K
22KOCoca Cola Co.history →COM1.54%$4M64.8K
23TJXTJX Cos Inc Newhistory →COM1.52%$4M37.0K
24ACNAccenture PLC CL Ahistory →COM1.50%$4M13.3K
25CRMSalesforce.comhistory →COM1.44%$4M15.0K
26CBChubb Ltd Fhistory →COM1.28%$3M13.4K
27TMOThermo Fisher Scientifichistory →COM1.23%$3M6.0K
28EOGE O G Resources Inc.history →COM1.22%$3M26.1K
29SCHMSchwab U.S. Mid Cap ETFhistory →ETF1.16%$3M39.9K
30HDHome Depot Inc.history →COM1.07%$3M8.3K
31EQIXEquinix, Inchistory →COM1.05%$3M3.7K
32SBUXStarbucks Corphistory →COM1.00%$3M34.4K
33FASTFastenal CompanyCOM0.90%$2M38.5K
34SYYSysco Corp.COM0.82%$2M30.8K
35PYPLPaypal Holdings IncCOM0.69%$2M32.0K
36UTHRUnited TherapeuticsCOM0.69%$2M5.8K
37AKAMAkamai Technologies IncCOM0.66%$2M19.6K
38LHXL3 Harris Technologies IncCOM0.55%$1M6.6K
39FISFISCOM0.52%$1M18.4K
40VMIValmont Inds IncCOM0.50%$1M4.9K
41EXPDExpeditors Int'l WACOM0.50%$1M10.7K
42SCHASchwab US Small Cap ETFETF0.40%$1M22.3K
43ALKSAlkermes PlcCOM0.39%$1M43.1K
44GNRCGenerac Holdings IncCOM0.38%$1M7.8K
45Stericycle IncCOM0.38%$1M17.5K
46IONSIonis Pharmaceuticals IncCOM0.36%$958,00020.1K
47RDNRadian Group IncCOM0.35%$932,00030.0K
48SOSouthern CoCOM0.33%$889,00011.5K
49KNXKnight Swift TransportationCOM0.33%$884,00017.7K
50CTRACoterra Energy IncCOM0.33%$883,00033.1K
51SMGThe Scotts Miracle-Gro CompanyCOM0.31%$827,00012.7K
52LULULululemon Athletica IncCOM0.30%$795,0002.7K
53SWKSSkyworks Solutions IncCOM0.28%$756,0007.1K
54SPYSPDR S&P 500 ETFETF0.28%$743,0001.4K
55DINOHF Sinclair CorpCOM0.25%$673,00012.6K
56MDYSpdr S&P Midcap 400 ETFETF0.25%$666,0001.2K
57LLYEli LillyCOM0.22%$591,000653
58SOLVSolventum CorpCOM0.21%$560,00010.6K
59IVVIShares Core S&P 500 ETFETF0.19%$510,000931
60XELXCEL Energy IncCOM0.17%$449,0008.4K
61COSTCostco Wholesale CorpCOM0.13%$361,000425
62GLDSpdr Gold TR Gold ShsCOM0.13%$355,0001.6K
63IWMIShares Tr Russell 2000 ETFETF0.12%$324,0001.6K
64Mural Oncology PlcCOM0.11%$308,00098.0K
65AVGOBroadcom IncCOM0.11%$307,000191
66VTIVanguard Total Stock Market ETFETF0.09%$236,000881
67IJRIshares Core S&P Small Cap ETFETF0.08%$201,0001.9K

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 ↗.