Nicollet Investment Management
MINNEAPOLIS, MNfiles as Nicollet Investment Management, Inc.
$324m in 77 US stocks at the end of 30 June 2026. The top 10 are 48.6% of the money. It changed about 5.7% of the portfolio this quarter.
Value
$324m
Stocks
77
Top 10 share
48.6%
Turnover
5.7%
What changed this quarter
New
Bought for the first time this quarter.
- Devon EnergyDVN0.3% of the fund
- Eli LillyLLY<0.1% of the fund
- Spdr Series TrustSPYM<0.1% of the fund
Added
Bought more of a stock they already held.
- Invesco Exchange Traded FD TRSP2.9% of the fund+3%
- State STR Spdr S&P Midcap 40MDY1.8% of the fund+3%
- Union PacificUNP1.6% of the fund+3%
- FastenalFAST1.1% of the fund+3%
- Akamai TechnologiesAKAM0.7% of the fund+3%
- SyscoSYY0.7% of the fund+3%
- Alkermes plc.ALKS0.7% of the fund+2%
- Generac HoldingsGNRC0.7% of the fund+2%
- ModernaMRNA0.6% of the fund+2%
- ServiceNowNOW0.6% of the fund+4%
- L3harris TechnologiesLHX0.6% of the fund+3%
- Expeditors International of WashingtonEXPD0.6% of the fund+2%
- F5FFIV0.5% of the fund+2%
- Ionis PharmaceuticalsIONS0.5% of the fund+3%
- Ulta BeautyULTA0.4% of the fund+4%
- Knight-Swift Transportation HoldingsKNX0.4% of the fund+2%
- Radian GroupRDN0.3% of the fund+3%
- Align TechnologyALGN0.3% of the fund+3%
- HF SinclairDINO0.3% of the fund+3%
- FiservFISV0.3% of the fund+3%
- Scotts Miracle-GroSMG0.3% of the fund+3%
- Fidelity National Information ServicesFIS0.2% of the fund+4%
- LyftLYFT0.2% of the fund+5%
- Skyworks SolutionsSWKS0.1% of the fund+3%
Cut
Sold some of their stake.
- AlphabetGOOG6.7% of the fund-3%
- EquinixEQIX2.2% of the fund-12%
- SalesforceCRM0.7% of the fund-2%
- PayPal HoldingsPYPL0.4% of the fund-3%
- SolventumSOLV0.2% of the fund-2%
- Ishares TRIVW<0.1% of the fund-4%
Sold out
Sold their entire stake.
- Coterra EnergyCTRA-100%
- Berkshire HathawayBRK-B-100%
Holdings
- Invesco Exchange Traded FD TRSP
- Share
- 2.9%
- Value
- $9m
- Shares
- 43,786
+3%
- Schwab Strategic TRSCHX
- Share
- 2.7%
- Value
- $9m
- Shares
- 292,876
Held
- Ishares TRIWL
- Share
- 2.3%
- Value
- $8m
- Shares
- 40,644
Held
- State STR Spdr S&P Midcap 40MDY
- Share
- 1.8%
- Value
- $6m
- Shares
- 8,059
+3%
- Schwab Strategic TRSCHM
- Share
- 1.3%
- Value
- $4m
- Shares
- 115,548
Held
- Schwab Strategic TRSCHA
- Share
- 0.5%
- Value
- $2m
- Shares
- 42,558
Held
- Ishares TRIVV
- Share
- 0.3%
- Value
- $1m
- Shares
- 1,489
Held
- State STR Spdr S&P 500 ETF TSPY
- Share
- 0.3%
- Value
- $1m
- Shares
- 1,349
Held
- Spdr Gold TRGLD
- Share
- 0.2%
- Value
- $580,000
- Shares
- 1,575
Held
- Ishares TRIWM
- Share
- 0.1%
- Value
- $480,000
- Shares
- 1,599
Held
- Vanguard Index FDSVTI
- Share
- 0.1%
- Value
- $326,000
- Shares
- 881
Held
- Ishares TRIVW
- Share
- <0.1%
- Value
- $308,000
- Shares
- 2,240
-4%
- Wheaton Precious MetalsWPM
- Share
- <0.1%
- Value
- $302,000
- Shares
- 2,685
Held
- Ishares TRIJR
- Share
- <0.1%
- Value
- $280,000
- Shares
- 1,885
Held
- Spdr Series TrustSPYM
- Share
- <0.1%
- Value
- $202,000
- Shares
- 2,300
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Amazon.comAMZN | 7.1% | $23m | 96,027 | Held |
| AlphabetGOOG | 6.7% | $22m | 60,959 | -3% |
| AppleAAPL | 6.5% | $21m | 73,284 | Held |
| AlphabetGOOGL | 5.2% | $17m | 46,782 | Held |
| MicrosoftMSFT | 5.1% | $16m | 43,970 | Held |
| NvidiaNVDA | 4.1% | $13m | 66,612 | Held |
| Meta PlatformsMETA | 3.8% | $12m | 21,814 | Held |
| W.W. GraingerGWW | 3.7% | $12m | 8,779 | Held |
| VisaV | 3.6% | $12m | 34,273 | Held |
| Invesco Exchange Traded FD TRSP | 2.9% | $9m | 43,786 | +3% |
| Schwab Strategic TRSCHX | 2.7% | $9m | 292,876 | Held |
| Ishares TRIWL | 2.3% | $8m | 40,644 | Held |
| EquinixEQIX | 2.2% | $7m | 6,962 | -12% |
| 3MMMM | 1.9% | $6m | 38,130 | Held |
| State STR Spdr S&P Midcap 40MDY | 1.8% | $6m | 8,059 | +3% |
| EcolabECL | 1.7% | $5m | 19,651 | Held |
| OracleORCL | 1.7% | $5m | 36,950 | Held |
| Palo Alto NetworksPANW | 1.7% | $5m | 15,795 | Held |
| SLB LimitedSLB | 1.6% | $5m | 114,372 | Held |
| Union PacificUNP | 1.6% | $5m | 19,152 | +3% |
| ResmedRMD | 1.5% | $5m | 25,103 | Held |
| TJX CompaniesTJX | 1.5% | $5m | 31,527 | Held |
| Coca-ColaKO | 1.5% | $5m | 58,380 | Held |
| Goldman Sachs GroupGS | 1.4% | $5m | 4,541 | Held |
| Uber TechnologiesUBER | 1.4% | $5m | 63,410 | Held |
| ChubbCB | 1.3% | $4m | 12,658 | Held |
| Schwab Strategic TRSCHM | 1.3% | $4m | 115,548 | Held |
| FastenalFAST | 1.1% | $4m | 75,901 | +3% |
| United TherapeuticsUTHR | 1.0% | $3m | 5,789 | Held |
| UnitedHealth GroupUNH | 1.0% | $3m | 7,464 | Held |
| Valmont IndustriesVMI | 0.9% | $3m | 5,072 | Held |
| EOG ResourcesEOG | 0.9% | $3m | 22,024 | Held |
| Home DepotHD | 0.9% | $3m | 7,881 | Held |
| Thermo Fisher ScientificTMO | 0.9% | $3m | 5,532 | Held |
| StarbucksSBUX | 0.8% | $2m | 24,341 | Held |
| Akamai TechnologiesAKAM | 0.7% | $2m | 20,104 | +3% |
| SyscoSYY | 0.7% | $2m | 27,853 | +3% |
| Alkermes plc.ALKS | 0.7% | $2m | 44,219 | +2% |
| Generac HoldingsGNRC | 0.7% | $2m | 7,577 | +2% |
| SalesforceCRM | 0.7% | $2m | 13,703 | -2% |
| ModernaMRNA | 0.6% | $2m | 29,756 | +2% |
| ServiceNowNOW | 0.6% | $2m | 20,984 | +4% |
| Boston ScientificBSX | 0.6% | $2m | 48,069 | Held |
| L3harris TechnologiesLHX | 0.6% | $2m | 6,845 | +3% |
| Novo Nordisk A SNVO | 0.6% | $2m | 38,896 | Held |
| Expeditors International of WashingtonEXPD | 0.6% | $2m | 10,958 | +2% |
| F5FFIV | 0.5% | $2m | 4,241 | +2% |
| Ionis PharmaceuticalsIONS | 0.5% | $2m | 20,240 | +3% |
| AccentureACN | 0.5% | $2m | 12,553 | Held |
| Schwab Strategic TRSCHA | 0.5% | $2m | 42,558 | Held |
| Ulta BeautyULTA | 0.4% | $1m | 3,168 | +4% |
| Knight-Swift Transportation HoldingsKNX | 0.4% | $1m | 17,606 | +2% |
| PayPal HoldingsPYPL | 0.4% | $1m | 26,624 | -3% |
| Radian GroupRDN | 0.3% | $1m | 29,629 | +3% |
| Ishares TRIVV | 0.3% | $1m | 1,489 | Held |
| Align TechnologyALGN | 0.3% | $1m | 6,200 | +3% |
| State STR Spdr S&P 500 ETF TSPY | 0.3% | $1m | 1,349 | Held |
| Devon EnergyDVN | 0.3% | $993,000 | 24,043 | New |
| HF SinclairDINO | 0.3% | $921,000 | 13,221 | +3% |
| FiservFISV | 0.3% | $864,000 | 17,616 | +3% |
| Scotts Miracle-GroSMG | 0.3% | $828,000 | 12,152 | +3% |
| Fidelity National Information ServicesFIS | 0.2% | $729,000 | 18,762 | +4% |
| LyftLYFT | 0.2% | $723,000 | 49,502 | +5% |
| BroadcomAVGO | 0.2% | $650,000 | 1,720 | Held |
| Spdr Gold TRGLD | 0.2% | $580,000 | 1,575 | Held |
| Xcel EnergyXEL | 0.2% | $563,000 | 7,011 | Held |
| SolventumSOLV | 0.2% | $541,000 | 7,016 | -2% |
| Ishares TRIWM | 0.1% | $480,000 | 1,599 | Held |
| Skyworks SolutionsSWKS | 0.1% | $465,000 | 6,864 | +3% |
| Costco WholesaleCOST | 0.1% | $377,000 | 403 | Held |
| Vanguard Index FDSVTI | 0.1% | $326,000 | 881 | Held |
| Ishares TRIVW | <0.1% | $308,000 | 2,240 | -4% |
| Wheaton Precious MetalsWPM | <0.1% | $302,000 | 2,685 | Held |
| Ishares TRIJR | <0.1% | $280,000 | 1,885 | Held |
| Eli LillyLLY | <0.1% | $257,000 | 214 | New |
| MedtronicMDT | <0.1% | $234,000 | 2,986 | Held |
| Spdr Series TrustSPYM | <0.1% | $202,000 | 2,300 | New |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 8.5% since 30 June 2025.
Where the money is
Technology22.7%
Media & telecom15.6%
Industrials12.9%
Retail & consumer10.6%
Health care8.0%
Financial services7.6%
Energy3.1%
Everyday goods2.3%
Real estate2.2%
Materials2.0%
Utilities0.2%
Other12.7%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.