SEC 13F Intelligence

Managers / Q3 2024 · view latest →

Nicollet Investment Management, Inc.

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

Reported Value
$289M
Q3 2024
Positions
70
Filings on Record
29
2019–present window
Filed
Nov 6, 2024
original filing

Summary

Nicollet Investment Management, Inc. reported $289M in U.S.-listed holdings across 70 positions for Q3 2024.

Its largest position, MSFT, represents 8.0% of the portfolio.

Compared with Q2 2024, the fund opened 2 new positions and exited 0.

Portfolio Metrics

Turnover
+2.3%
vs prior filed quarter
Top-10 Concentration
+48.9%
share of reported value
Largest Position
+8.0%
Microsoft

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: 89.6%ETP: 7.4%ADR: 1.7%REIT: 1.2%Other: 0.1%
  • Common Stock · 89.6% · $259M
  • ETP · 7.4% · $22M
  • ADR · 1.7% · $5M
  • REIT · 1.2% · $3M
  • Other · 0.1% · $310,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
UBERUber TechnologiesNEW+73.2K73.2K+$6M$6M
FFIVF5 Networks, IncNEW+4.3K4.3K+$958,000$958,000
AVGOBroadcom IncADDED+1.7K1.9K+$22,000$329,000
XELXCEL Energy IncTRIMMED−4.1K4.4K−$164,000$285,000
SOLVSolventum CorpTRIMMED−1.1K9.5K+$104,000$664,000
SBUXStarbucks CorpTRIMMED−3.2K31.2K+$364,000$3M
SCHXSchwab U.S. Large Cap ETFHELD+3.3K105.0K+$588,000$7M
SCHMSchwab U.S. Mid Cap ETFHELD+1.3K41.2K+$314,000$3M

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

Holdings — Q3 2024

69 positions (from 70 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMicrosoft Corphistory →COM8.01%$23M53.9K
2GOOGAlphabet Inc Cl CCOM7.79%$23M135.1K
3AMZNAmazon Com Inc.history →COM6.76%$20M105.0K
4AAPLApple Computerhistory →COM6.62%$19M82.2K
5METAMeta Platforms Inc Cl Ahistory →COM4.64%$13M23.5K
6VVisa Inchistory →COM3.50%$10M36.8K
7GWWGrainger W W Inchistory →COM3.44%$10M9.6K
8NVDANvidiahistory →COM3.30%$10M78.6K
9SCHXSchwab U.S. Large Cap ETFhistory →ETF2.46%$7M105.0K
10RMDResmed Inchistory →COM2.39%$7M28.3K
11ORCLOracle Corphistory →COM2.32%$7M39.5K
12IWLIshares Russell Top 200 ETFhistory →ETF2.27%$7M46.8K
13NOWServicenow, Inchistory →COM2.27%$7M7.3K
14FISVFiserv Inchistory →COM2.13%$6M34.3K
15MMM3M Companyhistory →COM2.03%$6M43.0K
16ECLEcolab Inc.history →COM1.97%$6M22.3K
17SLBSchlumberger LTDhistory →COM1.91%$6M131.8K
18UBERUber Technologieshistory →COM1.90%$6M73.2K
19PANWPalo Alto Networks Inchistory →COM1.89%$5M16.0K
20UNPUnion Pacific Corphistory →COM1.75%$5M20.5K
21NVONovo-Nordisk AShistory →COM1.70%$5M41.3K
22UNHUnitedhealth Group Inchistory →COM1.69%$5M8.3K
23ACNAccenture PLC CL Ahistory →COM1.64%$5M13.4K
24KOCoca Cola Co.history →COM1.62%$5M65.1K
25TJXTJX Cos Inc Newhistory →COM1.49%$4M36.6K
26CRMSalesforce.comhistory →COM1.44%$4M15.2K
27CBChubb Ltd Fhistory →COM1.35%$4M13.5K
28TMOThermo Fisher Scientifichistory →COM1.28%$4M6.0K
29HDHome Depot Inc.history →COM1.18%$3M8.4K
30SCHMSchwab U.S. Mid Cap ETFhistory →ETF1.18%$3M41.2K
31EQIXEquinix, Inchistory →COM1.16%$3M3.8K
32EOGE O G Resources Inc.history →COM1.10%$3M25.9K
33SBUXStarbucks Corphistory →COM1.05%$3M31.2K
34FASTFastenal CompanyCOM0.96%$3M38.9K
35PYPLPaypal Holdings IncCOM0.85%$2M31.6K
36SYYSysco Corp.COM0.83%$2M30.7K
37UTHRUnited TherapeuticsCOM0.72%$2M5.8K
38AKAMAkamai Technologies IncCOM0.69%$2M19.8K
39LHXL3 Harris Technologies IncCOM0.55%$2M6.7K
40FISFISCOM0.53%$2M18.3K
41VMIValmont Inds IncCOM0.50%$1M5.0K
42EXPDExpeditors Int'l WACOM0.49%$1M10.8K
43GNRCGenerac Holdings IncCOM0.43%$1M7.9K
44ALKSAlkermes PlcCOM0.42%$1M43.8K
45SCHASchwab US Small Cap ETFETF0.40%$1M22.3K
46SMGThe Scotts Miracle-Gro CompanyCOM0.39%$1M12.8K
47Stericycle IncCOM0.37%$1M17.6K
48SOSouthern CoCOM0.36%$1M11.5K
49RDNRadian Group IncCOM0.36%$1M29.8K
50FFIVF5 Networks, IncCOM0.33%$958,0004.3K
51KNXKnight Swift TransportationCOM0.33%$949,00017.6K
52IONSIonis Pharmaceuticals IncCOM0.28%$817,00020.4K
53CTRACoterra Energy IncCOM0.28%$811,00033.9K
54SPYSPDR S&P 500 ETFETF0.27%$784,0001.4K
55LULULululemon Athletica IncCOM0.26%$740,0002.7K
56SWKSSkyworks Solutions IncCOM0.25%$716,0007.3K
57MDYSpdr S&P Midcap 400 ETFETF0.25%$709,0001.2K
58SOLVSolventum CorpCOM0.23%$664,0009.5K
59LLYEli LillyCOM0.20%$579,000653
60DINOHF Sinclair CorpCOM0.19%$558,00012.5K
61IVVIShares Core S&P 500 ETFETF0.19%$537,000931
62GLDSpdr Gold TR Gold ShsCOM0.14%$401,0001.6K
63COSTCostco Wholesale CorpCOM0.13%$376,000425
64IWMIShares Tr Russell 2000 ETFETF0.12%$353,0001.6K
65AVGOBroadcom IncCOM0.11%$329,0001.9K
66Mural Oncology PlcCOM0.11%$310,00099.0K
67XELXCEL Energy IncCOM0.10%$285,0004.4K
68VTIVanguard Total Stock Market ETFETF0.09%$249,000881
69IJRIshares Core S&P Small Cap ETFETF0.08%$220,0001.9K

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 ↗.