Q3 2026 13F · SEC CIK 1729048

Nicollet Investment Management, Inc.

Wealth managerFiled 2026-10-14 for Q3 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $336.1M
Reported positions: 77
Top holdings a year, 3 yrs: +18.3%
Assets under management: $557.4M

Nicollet Investment Management, Inc. is a wealth manager that reported 77 positions worth $336.1M in its Q3 2026 13F, filed 2026-10-14. Its largest holdings were Apple Inc (AAPL, 7.0%), Amazon Com Inc (AMZN, 7.0%), Microsoft Corp (MSFT, 6.7%). A portfolio copying its top holdings returned 18.3% a year over the last 3 years, against 20.4% for the S&P 500.

Nicollet Investment Management, Inc. holdings largest 50 of 77 positions.

Weights are shares of the filer's total reported 13F value, compared with Q2 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Nicollet Investment Management, Inc. 13F holdings
Stock	% of 13F value	Q2 2026	Shares	Share change	Reported value
AAPLApple Inc	7.0%	6.5%	70,368	-4.0%	$23.4M
AMZNAmazon Com Inc	7.0%	7.1%	93,740	-2.4%	$23.4M
MSFTMicrosoft Corp	6.7%	5.1%	44,063	+0.2%	$22.6M
GOOGAlphabet Inc	6.0%	6.7%	59,517	-2.4%	$20.3M
METAMeta Platforms Inc	4.7%	3.8%	21,960	+0.7%	$15.9M
GOOGLAlphabet Inc	4.7%	5.2%	45,965	-1.7%	$15.8M
NVDANvidia Corporation	4.4%	4.1%	65,369	-1.9%	$14.9M
VVisa Inc	3.5%	3.6%	33,167	-3.2%	$11.9M
GWWWw Grainger Inc	3.1%	3.7%	8,416	-4.1%	$10.5M
RSPInvesco Exchange Traded Fd T	2.7%	2.9%	43,491	-0.7%	$9.0M
SCHXSchwab Strategic Tr	2.6%	2.7%	292,534	-0.1%	$8.8M
EQIXEquinix Inc	2.4%	2.2%	7,889	+13.3%	$8.0M
IWLIshares Tr	2.3%	2.3%	40,486	-0.4%	$7.7M
PANWPalo Alto Networks Inc	1.8%	1.7%	15,537	-1.6%	$6.2M
MMM3m Co	1.8%	1.9%	37,026	-2.9%	$6.1M
MRNAModerna Inc	1.7%	0.6%	28,958	-2.7%	$5.6M
RMDResmed Inc	1.6%	1.5%	24,279	-3.3%	$5.4M
SLBSlb Limited	1.6%	1.6%	110,037	-3.8%	$5.4M
ECLEcolab Inc	1.6%	1.7%	19,199	-2.3%	$5.3M
UNPUnion Pac Corp	1.5%	1.6%	18,885	-1.4%	$5.1M
NEENextera Energy Inc	1.5%	—	66,849	—	$5.1M
MDYState Str Spdr S&p Midcap 40	1.5%	1.8%	7,620	-5.4%	$5.0M
ORCLOracle Corp	1.5%	1.7%	36,361	-1.6%	$5.0M
KOCoca Cola Co	1.4%	1.5%	56,098	-3.9%	$4.8M
UBERUber Technologies Inc	1.3%	1.4%	61,746	-2.6%	$4.2M
TJXTjx Cos Inc New	1.2%	1.5%	31,184	-1.1%	$4.1M
GSGoldman Sachs Group Inc	1.2%	1.4%	4,582	+0.9%	$4.1M
CBChubb Limited	1.2%	1.3%	12,328	-2.6%	$4.0M
SCHMSchwab Strategic Tr	1.2%	1.3%	115,394	-0.1%	$3.9M
FASTFastenal Co	1.1%	1.1%	75,266	-0.8%	$3.7M
TMOThermo Fisher Scientific Inc	1.1%	0.9%	5,353	-3.2%	$3.6M
UTHRUnited Therapeutics Corp Del	0.9%	1.0%	5,668	-2.1%	$3.1M
CRMSalesforce Inc	0.9%	0.7%	12,974	-5.3%	$3.0M
EOGEog Res Inc	0.9%	0.9%	21,162	-3.9%	$2.9M
NOWServicenow Inc	0.8%	0.6%	20,557	-2.0%	$2.8M
UNHUnitedhealth Group Inc	0.8%	1.0%	7,188	-3.7%	$2.6M
VMIValmont Inds Inc Com	0.7%	0.9%	4,911	-3.2%	$2.3M
SBUXStarbucks Corp	0.7%	0.8%	23,756	-2.4%	$2.2M
ACNAccenture PLC Ireland	0.6%	0.5%	11,667	-7.1%	$2.1M
SYYSysco Corp	0.6%	0.7%	27,134	-2.6%	$2.1M
AKAMAkamai Technologies Inc	0.6%	0.7%	19,714	-1.9%	$2.1M
BSXBoston Scientific Corp	0.6%	0.6%	47,313	-1.6%	$2.1M
EXPDExpeditors Intl Wash Inc	0.6%	0.6%	10,684	-2.5%	$2.0M
FFIVF5 Inc	0.5%	0.5%	4,132	-2.6%	$1.8M
ALKSAlkermes PLC	0.5%	0.7%	43,012	-2.7%	$1.7M
ULTAUlta Beauty Inc	0.5%	—	3,137	—	$1.7M
LHXL3harris Technologies Inc	0.5%	0.6%	6,885	+0.6%	$1.6M
GNRCGenerac Hldgs Inc	0.5%	0.7%	7,404	-2.3%	$1.5M
SCHASchwab Strategic Tr	0.4%	0.5%	42,958	+0.9%	$1.4M
NVONovo-Nordisk A S	0.4%	0.6%	36,721	-5.6%	$1.4M

What Nicollet Investment Management, Inc. bought and sold in Q3 2026, against Q2 2026.

New positions

Q2 2026's filing was too long to tell new positions apart.

Share counts compared with the Q2 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +11.0% /yr; S&P 500 +20.1%
3 years: +18.3% /yr; S&P 500 +20.4%
5 years: +9.9% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q3 2026	$336.1M	77
Q2 2026	$323.9M	77
Q1 2026	$292.0M	76
Q4 2025	$316.0M	74
Q3 2025	$306.6M	71
Q2 2025	$298.6M	73
Q1 2025	$284.5M	70
Q4 2024	$291.2M	71
Q3 2024	$289.3M	70
Q2 2024	$267.8M	68
Q1 2024	$271.0M	68
Q4 2023	$245.2M	65

Questions about Nicollet Investment Management, Inc.'s portfolio

What stocks does Nicollet Investment Management, Inc. own?

Nicollet Investment Management, Inc.'s latest 13F, for Q3 2026 and filed Oct 14, 2026, lists 77 positions worth $336.1M. The largest are Apple Inc (AAPL) at 7.0%, Amazon Com Inc (AMZN) at 7.0%, Microsoft Corp (MSFT) at 6.7%, Alphabet Inc (GOOG) at 6.0% and Meta Platforms Inc (META) at 4.7%.

What did Nicollet Investment Management, Inc. buy last quarter?

In Q3 2026, Nicollet Investment Management, Inc. added Equinix Inc (EQIX) (+13.3% shares), compared with its Q2 2026 filing.

What did Nicollet Investment Management, Inc. sell last quarter?

In Q3 2026, Nicollet Investment Management, Inc. cut from its top 50 Home Depot Inc (HD), cut from its top 50 Ionis Pharmaceuticals Inc (IONS), Accenture PLC Ireland (ACN) (-7.1% shares), Novo-Nordisk A S (NVO) (-5.6% shares) and State Str Spdr S&p Midcap 40 (MDY) (-5.4% shares), compared with its Q2 2026 filing.

How has Nicollet Investment Management, Inc.'s portfolio performed?

A portfolio copying Nicollet Investment Management, Inc.'s 20 largest 13F holdings each quarter, from the day each filing was public, returned +18.3% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +11.0% against +20.1%. Over 5 years: +9.9% a year against +11.6%.

When is Nicollet Investment Management, Inc.'s next 13F filing due?

13F filings are due 45 days after each quarter ends. Nicollet Investment Management, Inc.'s filing for the quarter ending Dec 31, 2026 is due by Feb 14, 2027; this page updates the day after it is published.

How much money does Nicollet Investment Management, Inc. manage?

Nicollet Investment Management, Inc. reported $557.4M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $336.1M.