Data as of Q4 2025 (Dec 31, 2025)

NICOLET ADVISORY SERVICES, LLC

โ€ขCIK: 1775863โ€ขFiling: Q4 2025

**NICOLET ADVISORY SERVICES, LLC** manages $1.5B across a diversified portfolio of 421 positions. The strategy exhibits a notable overweighting toward covered call and income-generating ETFs, evidenced by the top holding in SPYM at $295.3M. Significant allocations are also directed toward broad market exposure, including SPYV ($70.3M), SPYG ($63.4M), and AAPL ($52.5M). This structure suggests a focus on yield enhancement within established equity benchmarks.

Total AUM
$1.5B
QoQ Performance
+15.5%
Positions
346
Top 10 Concentration
52.0%
Latest Filing
Q4 2025

Top Holdings Allocation

SPYM
SPYM19.9%
SPYV4.7%
SPYG4.3%
AVEM4.1%
AAPL3.5%
ITOT3.2%
VEA3.2%
VTEB2.4%

๐Ÿ“ˆ Biggest Buys

SPYM
SPDR SERIES TRUST
+10918.7%
19.9% of portfolio
AVEM
AMERICAN CENTY ETF TR
+54.5%
4.1% of portfolio
VEA
VANGUARD TAX-MANAGED FDS
+27.8%
3.2% of portfolio
VOO
VANGUARD INDEX FDS
+39.1%
1.6% of portfolio
VTEB
VANGUARD MUN BD FDS
+23.9%
2.4% of portfolio

๐Ÿ“‰ Biggest Sells

SPYV
SPDR SERIES TRUST
-61.9%
4.7% of portfolio
SPYG
SPDR SERIES TRUST
-62.0%
4.3% of portfolio
AMJB
JPMORGAN CHASE FINL CO LLC
-57.0%
0.4% of portfolio
AVRE
AMERICAN CENTY ETF TR
-18.8%
1.2% of portfolio
AMLP
ALPS ETF TR
-24.9%
0.5% of portfolio

Sector Breakdown

Other72.1%
Technology11.2%
Financial4.9%
ETF3.3%
Consumer3.2%
Healthcare1.7%
Industrial1.3%
Consumer Staples1.1%

๐Ÿšช Exited Positionssold since Q3 2025

IGF
ISHARES TR
SOLD
$4.4M
โ€”
RTX CORPORATION
SOLD
$2.3M
โ€”
TRAVELERS COMPANIES INC
SOLD
$2.1M
AGG
ISHARES TR
SOLD
$1.3M
BBAG
J P MORGAN EXCHANGE TRADED F
SOLD
$1.1M
+218 more exited positions

Changes from Q3 2025

NEW8 new positions
โ†‘120 increased
โ†“69 decreased

Historical Filings

Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023