Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

NICOLET BANKSHARES INC (NIC)

190 + 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
↑ +14
Streak
10Q ▲
Buyers last Q
57%

Smart Money Signals — NIC

Based on 187 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 10 quarters in a row

last 6Q
For 10 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
187 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 — +29% more funds vs a year ago

fund count last 6Q
+42 new funds entered over the past year (+29% 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 — 57% buying

105 buying80 selling
Last quarter: 105 funds bought or added vs 80 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.
➡️

Steady new buyers — ~36 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 24 → 20 → 31 → 36. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

55% of holders stayed for 2+ years

■ 55% conviction (2yr+) ■ 24% medium ■ 21% new
102 out of 187 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.
🚀

Acceleration phase — new buyers rushing in

22 → 24 → 20 → 31 → 36 new funds/Q
New funds entering each quarter: 24 → 20 → 31 → 36. 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.
🏛️

Deep conviction — 65% of holders stayed 2+ years

■ 65% veterans ■ 7% 1-2yr ■ 27% new
Of 190 current holders: 124 (65%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 44% AUM from top-100 funds

44% from top-100 AUM funds
35 of 187 holders are among the 100 largest funds by AUM, controlling 44% 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.
3.9
out of 10
Low Exit Risk
Exit risk score 3.9/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

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.

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

-- --
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

36 top-rated funds 0 high-conviction
Consensus
6.8
/ 10
breadth
×
Elite
1.0
/ 10
conviction
Hedge Fund Positioning: NIC
2026 Q1 Stats Unlock in 18 days 190 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 190 175 8.57%
13F Shares 8M 7M 10.89%
Total Value $987M $987M 0.08%
New Positions 36 32 +4
Increased Positions 74 58 +16
Closed Positions 22 15 +7
Reduced Positions 58 58 -
Total Calls 3 4 -25.0%
Total Puts 0 1 -100.0%
PUT/CALL Ratio 0.0 0.25 Bullish

Statistics: NIC

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
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Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q1)

190 + investors

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

Top 25 institutional holders of NIC — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Sugar Maple Asset Management, LLC 1.25% 13,912 $2.1M
2 Sippican Capital Advisors 0.38% 3,727 $554K
3 STEPH & CO 0.37% 8,840 $1.3M
4 PEREGRINE CAPITAL MANAGEMENT LLC 0.18% 33,230 $4.9M
5 Ellsworth Advisors, LLC 0.18% 6,377 $948K
6 Legacy Private Trust Co. 0.17% 18,982 $2.8M
7 Caldwell Trust Co 0.17% 12,578 $1.9M
8 AlphaQuest LLC 0.11% 16,782 $2.0M
9 McGlone Suttner Wealth Management, Inc. 0.09% 4,459 $663K
10 Triasima Portfolio Management inc. 0.08% 3,777 $561K
11 SCHAPER BENZ & WISE INVESTMENT COUNSEL INC/WI 0.07% 6,379 $948K
12 Steele Capital Management, Inc. 0.07% 11,747 $1.7M
13 Merit Financial Group, LLC 0.05% 47,032 $7.0M
14 ASSOCIATED BANC-CORP 0.04% 10,312 $1.5M
15 Magnus Financial Group LLC 0.02% 1,987 $295K
16 Vest Financial, LLC 0.02% 12,890 $1.9M
17 Heck Capital Advisors, LLC 0.02% 2,000 $297K
18 KLCM Advisors, Inc. 0.02% 1,500 $223K
19 Winch Advisory Services, LLC 0.02% 514 $76K
20 IAG Wealth Partners, LLC 0.02% 1,017 $151K
21 ZWJ INVESTMENT COUNSEL INC 0.01% 1,730 $257K
22 Diversified Trust Co 0.01% 3,304 $491K
23 Hills Bank & Trust Co 0.01% 1,132 $168K
24 Apella Capital, LLC 0.01% 2,926 $463K
25 Police & Firemen's Retirement System of New Jersey 0.01% 5,130 $762K
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 — 10 quarters in a row: For 10 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 — 57% buying: Last quarter: 105 funds bought or added vs 80 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 — 44% AUM from top-100 funds: 35 of 187 holders are among the 100 largest funds by AUM, controlling 44% 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?

55% of holders stayed for 2+ years: 102 out of 187 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.