SEC 13F Intelligence

Managers / Q1 2020 · view latest →

NICOLET ADVISORY SERVICES, LLC

CIK 0001775863 · 111 N. WASHINGTON STREET, GREEN BAY, WI, 54301 · 920-430-1400

Reported Value
$568M
Q1 2020
Positions
198
Filings on Record
28
2019–present window
Filed
Apr 21, 2020
original filing

Summary

Nicolet Advisory Services, LLC reported $568M in U.S.-listed holdings across 198 positions for Q1 2020.

Its largest position, Spdr, represents 12.3% of the portfolio.

Compared with Q4 2019, the fund opened 39 new positions and exited 13.

Portfolio Metrics

Turnover
+12.5%
vs prior filed quarter
Top-10 Concentration
+53.3%
share of reported value
Largest Position
+12.3%
Spdr
New / Exited
39 / 13
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. 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: $589MQ1 ’19Q2 ’19: $655MQ3 ’19: $659MQ4 ’19: $636MQ1 ’20: $568MQ1 ’20Q2 ’20: $651MQ3 ’20: $644MQ4 ’20: $713MQ1 ’21: $713MQ1 ’21Q2 ’21: $767MQ3 ’21: $788MQ4 ’21: $813MQ1 ’22: $766MQ1 ’22Q2 ’22: $674MQ3 ’22: $613MQ4 ’22: $757MQ1 ’23: $868MQ1 ’23Q2 ’23: $911MQ3 ’23: $903MQ4 ’23: $930MQ1 ’24: $985MQ1 ’24Q2 ’24: $1.0BQ3 ’24: $1.1BQ4 ’24: $1.1BQ1 ’25: $1.0BQ1 ’25Q2 ’25: $1.2BQ3 ’25: $1.3BQ4 ’25: $1.5Bfilingsflow.com

Portfolio Composition

By security type
ETP: 83.6%Common Stock: 15.6%Other: 0.4%Closed-End Fund: 0.1%ADR: 0.1%Other: 0.1%
  • ETP · 83.6% · $475M
  • Common Stock · 15.6% · $89M
  • Other · 0.4% · $2M
  • Closed-End Fund · 0.1% · $657,000
  • ADR · 0.1% · $602,000
  • Other · 0.1% · $681,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
FLEXSHARES TRNEW+77.2K77.2K+$2M$2M
ISHARES TRNEW+7.5K7.5K+$1M$1M
ISHARES TRNEW+5.3K5.3K+$754,000$754,000
VANGUARD ADMIRAL FDS INCNEW+5.8K5.8K+$543,000$543,000
DHRDANAHER CORPORATIONNEW+3.7K3.7K+$510,000$510,000
VANGUARD ADMIRAL FDS INCNEW+3.3K3.3K+$497,000$497,000
LOWLOWES COS INCNEW+5.6K5.6K+$479,000$479,000
COSTCOSTCO WHSL CORP NEWNEW+1.5K1.5K+$436,000$436,000

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

Holdings — Q1 2020

23 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SPDR SER TRPRTFLO S&P500 VL · PRTFLO S&P500 GW · PORTFOLIO AGRGTE · PORTFOLIO SHORT · NUVEEN BLMBRG SR · PORTFOLIO S&P400 · NUVEEN BRC MUNIC · BLOOMBERG SRT TR · PORTFOLI S&P1500 · PORTFOLIO S&P60041.38%$235M7.68M
2SPDR INDEX SHS FDSPORTFOLIO DEVLPD · S&P GBLINF ETF · DJ GLB RL ES ETF · PORTFOLIO EMG MK · S&P INTL SMLCP · GLB NAT RESRCE8.45%$48M1.72M
3VANGUARD BD INDEX FDSTOTAL BND MRKT · SHORT TRM BOND7.72%$44M515.5K
4VUGVANGUARD INDEX FDSGROWTH ETF · VALUE ETF · MID CAP ETF · SMALL CP ETF4.96%$28M232.7K
5ISHARES TRCORE S&P TTL STK · CORE S&P500 ETF · 0-5 YR TIPS ETF · GLB INFRASTR ETF · RUS 1000 GRW ETF · IBOXX HI YD ETF · TIPS BD ETF4.67%$27M368.0K
6VANGUARD TAX-MANAGED INTL FDFTSE DEV MKT ETF4.07%$23M693.3K
7FLEXSHARES TRIBOXX 5YR TRGT · MORNSTAR UPSTR · IBOXX 3R TARGT2.07%$12M481.1K
8AMJEURJPMORGAN CHASE & COALERIAN ML ETN · COM1.63%$9M613.0K
9PGPROCTER & GAMBLE COhistory →COM1.50%$8M77.2K
10J P MORGAN EXCHANGE-TRADED FHIGH YLD RESRCH1.40%$8M179.6K
11WECWEC ENERGY GROUP INChistory →COM1.39%$8M89.4K
12AAPLAPPLE INChistory →COM1.16%$7M25.9K
13ISHARES INCCORE MSCI EMKT1.00%$6M139.9K
14MSFTMICROSOFT CORPCOM0.65%$4M23.5K
15KOCOCA COLA COCOM0.64%$4M81.8K
16VANGUARD INTL EQUITY INDEX FFTSE EMR MKT ETF0.50%$3M85.3K
17AMLPUSDALPS ETF TRALERIAN MLP0.46%$3M762.1K
18BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.42%$2M13.0K
19VANGUARD SPECIALIZED FUNDSDIV APP ETF0.40%$2M21.8K
20TAT&T INCCOM0.40%$2M77.1K
21SPDR S&P 500 ETF TRTR UNIT0.33%$2M7.2K
22AMZNAMAZON COM INCCOM0.32%$2M928
23EXMOCEXXON MOBIL CORPCOM0.32%$2M47.2K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q4 2025$1.5B421Feb 13, 202613F-HRchanges · EDGAR ↗
Q3 2025$1.3B415Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$1.2B407Aug 13, 202513F-HRchanges · EDGAR ↗
Q1 2025$1.0B380May 8, 202513F-HRchanges · EDGAR ↗
Q4 2024$1.1B380Feb 12, 202513F-HRchanges · EDGAR ↗
Q3 2024$1.1B369Nov 12, 202413F-HRchanges · EDGAR ↗
Q2 2024$1.0B354Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$985M343May 10, 202413F-HRchanges · EDGAR ↗
Q4 2023$930M320Feb 13, 202413F-HRchanges · EDGAR ↗
Q3 2023$903M315Nov 7, 202313F-HRchanges · EDGAR ↗
Q2 2023$911M309Aug 9, 202313F-HRchanges · EDGAR ↗
Q1 2023$868M285May 9, 202313F-HRchanges · EDGAR ↗
Q4 2022$757M241Feb 9, 202313F-HRchanges · EDGAR ↗
Q3 2022$613M193Nov 10, 202213F-HRchanges · EDGAR ↗
Q2 2022$674M186Aug 8, 202213F-HRchanges · EDGAR ↗
Q1 2022$766M201May 10, 202213F-HRchanges · EDGAR ↗
Q4 2021$813M208Feb 8, 202213F-HRchanges · EDGAR ↗
Q3 2021$788M209Nov 16, 202113F-HRchanges · EDGAR ↗
Q2 2021$767M196Aug 11, 202113F-HRchanges · EDGAR ↗
Q1 2021$713M183May 3, 202113F-HRchanges · EDGAR ↗
Q4 2020$713M179Feb 9, 202113F-HRchanges · EDGAR ↗
Q3 2020$644M183Oct 27, 202013F-HRchanges · EDGAR ↗
Q2 2020$651M208Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$568M198Apr 21, 202013F-HRchanges · EDGAR ↗
Q4 2019$636M170Jan 23, 202013F-HRchanges · EDGAR ↗
Q3 2019$659M165Oct 22, 201913F-HRchanges · EDGAR ↗
Q2 2019$655M161Jul 26, 201913F-HRchanges · EDGAR ↗
Q1 2019$589M151May 10, 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 ↗.