SEC 13F Intelligence

Managers / Q4 2024 · view latest →

Nicollet Investment Management, Inc.

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

Reported Value
$291M
Q4 2024
Positions
71
Filings on Record
29
2019–present window
Filed
Feb 12, 2025
original filing

Summary

Nicollet Investment Management, Inc. reported $291M in U.S.-listed holdings across 71 positions for Q4 2024.

Its largest position, GOOG, represents 8.7% of the portfolio.

Compared with Q3 2024, the fund opened 2 new positions and exited 1.

Portfolio Metrics

Turnover
+4.4%
vs prior filed quarter
Top-10 Concentration
+51.7%
share of reported value
Largest Position
+8.7%
Alphabet
New / Exited
2 / 1
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: 89.7%ETP: 7.7%REIT: 1.2%ADR: 1.2%Other: 0.1%
  • Common Stock · 89.7% · $261M
  • ETP · 7.7% · $23M
  • REIT · 1.2% · $4M
  • ADR · 1.2% · $3M
  • Other · 0.1% · $305,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
IEFAIshares Cr MSCI EAFE ETFNEW+3.5K3.5K+$245,000$245,000
AGGIshares Core US Aggregate Bond ETFNEW+2.4K2.4K+$231,000$231,000
SCHMSchwab U.S. Mid Cap ETFADDED+84.0K125.1K+$47,000$3M
SCHXSchwab U.S. Large Cap ETFADDED+210.1K315.1K+$180,000$7M
Stericycle IncSOLD OUT−17.6K0−$1M$0
PANWPalo Alto Networks IncADDED+15.8K31.8K+$323,000$6M
SCHASchwab US Small Cap ETFADDED+22.1K44.5K−$1,000$1M
XELXCEL Energy IncADDED+4.1K8.4K+$283,000$568,000

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

Holdings — Q4 2024

70 positions (from 71 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GOOGAlphabet Inc Cl CCOM8.65%$25M132.6K
2AMZNAmazon Com Inc.history →COM7.77%$23M103.1K
3MSFTMicrosoft Corphistory →COM7.65%$22M52.9K
4AAPLApple Computerhistory →COM6.98%$20M81.2K
5METAMeta Platforms Inc Cl Ahistory →COM4.63%$13M23.0K
6VVisa Inchistory →COM3.93%$11M36.2K
7NVDANvidiahistory →COM3.56%$10M77.1K
8GWWGrainger W W Inchistory →COM3.38%$10M9.3K
9NOWServicenow, Inchistory →COM2.65%$8M7.3K
10SCHXSchwab U.S. Large Cap ETFhistory →ETF2.51%$7M315.1K
11FISVFiserv Inchistory →COM2.41%$7M34.1K
12IWLIshares Russell Top 200 ETFhistory →ETF2.36%$7M47.5K
13ORCLOracle Corphistory →COM2.23%$6M39.0K
14RMDResmed Inchistory →COM2.19%$6M27.9K
15PANWPalo Alto Networks Inchistory →COM1.98%$6M31.8K
16MMM3M Companyhistory →COM1.87%$5M42.2K
17ECLEcolab Inc.history →COM1.77%$5M22.0K
18CRMSalesforce.comhistory →COM1.74%$5M15.2K
19ACNAccenture PLC CL Ahistory →COM1.62%$5M13.4K
20SLBSchlumberger LTDhistory →COM1.62%$5M122.8K
21UNPUnion Pacific Corphistory →COM1.57%$5M20.1K
22TJXTJX Cos Inc Newhistory →COM1.49%$4M35.9K
23UNHUnitedhealth Group Inchistory →COM1.44%$4M8.3K
24KOCoca Cola Co.history →COM1.37%$4M64.1K
25UBERUber Technologieshistory →COM1.34%$4M64.5K
26CBChubb Ltd Fhistory →COM1.27%$4M13.4K
27EQIXEquinix, Inchistory →COM1.21%$4M3.7K
28NVONovo-Nordisk AShistory →COM1.20%$3M40.6K
29SCHMSchwab U.S. Mid Cap ETFhistory →ETF1.19%$3M125.1K
30HDHome Depot Inc.history →COM1.12%$3M8.4K
31EOGE O G Resources Inc.history →COM1.06%$3M25.1K
32TMOThermo Fisher Scientifichistory →COM1.03%$3M5.8K
33FASTFastenal CompanyCOM0.96%$3M38.9K
34SBUXStarbucks CorpCOM0.90%$3M28.8K
35PYPLPaypal Holdings IncCOM0.89%$3M30.2K
36SYYSysco Corp.COM0.80%$2M30.4K
37UTHRUnited TherapeuticsCOM0.70%$2M5.8K
38AKAMAkamai Technologies IncCOM0.65%$2M19.8K
39VMIValmont Inds IncCOM0.53%$2M5.0K
40FISFISCOM0.50%$1M18.0K
41LHXL3 Harris Technologies IncCOM0.48%$1M6.6K
42ALKSAlkermes PlcCOM0.43%$1M43.7K
43GNRCGenerac Holdings IncCOM0.42%$1M7.8K
44EXPDExpeditors Int'l WACOM0.41%$1M10.7K
45SCHASchwab US Small Cap ETFETF0.39%$1M44.5K
46FFIVF5 Networks, IncCOM0.37%$1M4.3K
47LULULululemon Athletica IncCOM0.36%$1M2.7K
48SOSouthern CoCOM0.32%$943,00011.5K
49RDNRadian Group IncCOM0.32%$943,00029.7K
50KNXKnight Swift TransportationCOM0.32%$931,00017.6K
51CTRACoterra Energy IncCOM0.30%$865,00033.9K
52SMGThe Scotts Miracle-Gro CompanyCOM0.29%$851,00012.8K
53SPYSPDR S&P 500 ETFETF0.27%$800,0001.4K
54MDYSpdr S&P Midcap 400 ETFETF0.24%$709,0001.2K
55IONSIonis Pharmaceuticals IncCOM0.24%$692,00019.8K
56SWKSSkyworks Solutions IncCOM0.22%$636,0007.2K
57SOLVSolventum CorpCOM0.21%$599,0009.1K
58XELXCEL Energy IncCOM0.20%$568,0008.4K
59IVVIShares Core S&P 500 ETFETF0.19%$548,000931
60LLYEli LillyCOM0.17%$504,000653
61AVGOBroadcom IncCOM0.15%$448,0001.9K
62DINOHF Sinclair CorpCOM0.15%$434,00012.4K
63GLDSpdr Gold TR Gold ShsCOM0.14%$400,0001.6K
64COSTCostco Wholesale CorpCOM0.13%$390,000426
65IWMIShares Tr Russell 2000 ETFETF0.12%$353,0001.6K
66Mural Oncology PlcCOM0.10%$305,00094.7K
67VTIVanguard Total Stock Market ETFETF0.09%$255,000881
68IEFAIshares Cr MSCI EAFE ETFETF0.08%$245,0003.5K
69AGGIshares Core US Aggregate Bond ETFETF0.08%$231,0002.4K
70IJRIshares Core S&P Small Cap ETFETF0.07%$217,0001.9K

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 ↗.