Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Nicolet Bankshares Inc (NIC)

246 + Investors. Track Smart Money conviction in NIC. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +19
Streak
11Q ▲
Buyers last Q
54%

Smart Money Signals — NIC

Based on 252 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 11 quarters in a row

last 6Q
For 11 consecutive quarters, more hedge funds added NIC than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
252 hedge funds hold NIC right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +55% more funds vs a year ago

fund count last 6Q
+89 new funds entered over the past year (+55% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟡

Slight buying edge — 54% buying

136 buying116 selling
Last quarter: 136 funds bought or added vs 116 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
⚠️

Fewer new buyers each quarter (-14 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 33 → 36 → 68 → 54. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

42% of holders stayed for 2+ years

■ 42% conviction (2yr+) ■ 19% medium ■ 38% new
106 out of 252 hedge funds have held NIC for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares +71%, value +47%

Value
+47%
Shares
+71%
Last quarter: funds added +71% more shares while total portfolio value only changed +47%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
🚀

Acceleration phase — new buyers rushing in

21 → 33 → 36 → 68 → 54 new funds/Q
New funds entering each quarter: 33 → 36 → 68 → 54. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️

Veteran-anchored — 46% veterans vs 42% newcomers

■ 46% veterans ■ 11% 1-2yr ■ 42% new
Entry-cohort mix of 253 holders: 117 (46%) are 2+ year veterans, 29 entered 1–2 years ago, and 107 (42%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 68% AUM from top-100 funds

68% from top-100 AUM funds
49 of 249 holders are among the 100 largest funds by AUM, controlling 68% of total institutional value in NIC. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.7
out of 10
Moderate Exit Risk
Exit risk score 4.7/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — NIC

In 2026 Q2, 136 hedge funds were net buyers of NIC (54 opened a new position, 82 added to an existing one), while 116 reduced or exited (81 trimmed, 35 sold completely) — a 54% buyer ratio, indicating a slight buying edge. This marks 11 consecutive quarters of net institutional buying — a persistent conviction signal. 68% of total institutional value in NIC is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +19 funds (more new holders than closures). Total institutional holders: 252.

Hedge Fund Ownership: NIC

How many hedge funds hold NIC — quarterly history vs. share price
Quarterly hedge fund ownership of NIC vs. share price

Market Analysis: NIC

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: NIC

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

10 top-rated funds 0 high-conviction
Consensus
4.5
/ 10
breadth
×
Elite
1.2
/ 10
conviction
Hedge Fund Positioning: NIC
246 + Investors

Track Smart Money conviction in NIC. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 246 233 5.58%
13F Shares 13M 10M 30.49%
Total Value $2.15B $1.48B 45.43%
New Positions 53 68 -15
Increased Positions 80 103 -23
Closed Positions 37 28 +9
Reduced Positions 80 40 +40
Total Calls 3 3 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: NIC

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Financial Highlights

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Institutional Holders (2026 Q2)

246 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in NIC. Verified SEC 13F-HR filings.

QUARTER:
Top 25 NIC holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 FJ Capital Management LLC 5.95% 277,243 $45.9M
2 Mendon Capital Advisors Corp 2.34% 40,000 $6.6M
3 Maltese Capital Management LLC 1.81% 60,000 $9.9M
4 Stieven Capital Advisors, L.P. 1.77% 55,967 $9.3M
5 Sugar Maple Asset Management, LLC 1.54% 14,457 $2.4M
6 J.M. Arbour, LLC 0.85% 5,986 $990K
7 Advisory Research Inc 0.58% 35,434 $5.9M
8 Westwood Holdings Group Inc 0.56% 450,659 $74.5M
9 Odyssean, LLC 0.54% 20,012 $3.3M
10 VARCOV Co. 0.49% 7,810 $1.3M
11 Champlain Investment Partners, LLC 0.44% 103,783 $17.2M
12 N.E.W. Advisory Services LLC 0.43% 38,566 $6.4M
13 Angel Oak Capital Advisors, LLC 0.42% 2,000 $331K
14 Heartland Advisors Inc 0.41% 55,758 $9.2M
15 Steph & Co 0.37% 8,840 $1.5M
16 Sippican Capital Advisors 0.35% 3,502 $579K
17 Dark Forest Capital Management LP 0.32% 30,280 $5.0M
18 First National Advisers, LLC 0.31% 13,215 $2.2M
19 Oberweis Asset Management Inc/ 0.28% 83,200 $13.8M
20 North Star Asset Management Inc 0.25% 37,675 $6.2M
21 Silvercrest Asset Management Group LLC 0.21% 198,353 $32.8M
22 Old Mission Investment Co LLC 0.20% 5,839 $966K
23 Atom Investors LP 0.18% 12,448 $2.1M
24 Ellsworth Advisors, LLC 0.18% 6,471 $1.1M
25 Legacy Private Trust Co. 0.17% 18,857 $3.1M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Nicolet Bankshares Inc (NIC)

What does the Smart Money Trend signal show for NIC?

Buying streak — 11 quarters in a row: For 11 consecutive quarters, more hedge funds added NIC than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for NIC?

Slight buying edge — 54% buying: Last quarter: 136 funds bought or added vs 116 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for NIC holders?

Elite ownership — 68% AUM from top-100 funds: 49 of 249 holders are among the 100 largest funds by AUM, controlling 68% of total institutional value in NIC. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held NIC?

42% of holders stayed for 2+ years: 106 out of 252 hedge funds have held NIC for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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