NICHOLAS COMPANY, INC.

MILWAUKEE, WI · CIK 903949 · 13F filing filed 2024-07-24

SEC-registered investment adviser since 1968 · corporation

Assets managed$6.1bn
Staff16 · 7 in investment roles
Main clients (by assets)Mutual funds and ETFs 99%
Websitenicholasinvestments.com
Form ADV · 2026-01-23SEC adviser record

Legal entityNicholas Company, Inc. (US)

$6.0bn reported value -0.7% vs Q1 2024

216positions

21.2%in top 10

6 new 36 added 96 reduced 8 sold out vs Q1 2024

Holdings, Q2 2024

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	MICROSOFT CORP COM MSFT	MSFT	498,345	$222.7m3.71%	3.71%	Unchanged
2	ALPHABET INC CAP STK CL C GOOG	GOOG	1,176,195	$215.7m3.59%	3.59%	Reduced -137.9k	-137,905 -10.5%
3	AMAZON COM INC COM AMZN	AMZN	758,465	$146.6m2.44%	2.44%	Unchanged
4	APPLE INC COM AAPL	AAPL	586,315	$123.5m2.05%	2.05%	Unchanged
5	OREILLY AUTOMOTIVE INC COM ORLY	ORLY	111,466	$117.7m1.96%	1.96%	Reduced -2.6k	-2,625 -2.3%
6	NVIDIA CORPORATION COM NVDA	NVDA	801,255	$99.0m1.65%	1.65%	Reduced -158.8k	-158,795 -16.5%
7	COSTCO WHSL CORP NEW COM COST	COST	105,435	$89.6m1.49%	1.49%	Unchanged
8	DEXCOM INC COM DXCM	DXCM	767,651	$87.0m1.45%	1.45%	Reduced -65	-65 -0.0%
9	HOME DEPOT INC COM HD	HD	251,875	$86.7m1.44%	1.44%	Unchanged
10	ADOBE INC COM ADBE	ADBE	154,330	$85.7m1.43%	1.43%	Added +46.9k	+46,855 43.6%
11	TJX COS INC NEW COM TJX	TJX	761,925	$83.9m1.40%	1.40%	Added +155	+155 0.0%
12	CHIPOTLE MEXICAN GRILL INC COM CMG	CMG	1,255,310	$78.6m1.31%	1.31%	Reduced -224.9k	-224,940 -15.2%
13	ASTRAZENECA PLC SPONSORED ADR SPONSORED ADR		995,625	$77.6m1.29%	1.29%	Unchanged
14	FASTENAL CO COM FAST	FAST	1,227,505	$77.1m1.28%	1.28%	Reduced -120	-120 -0.0%
15	MASTERCARD INCORPORATED CL A MA	MA	172,275	$76.0m1.26%	1.26%	Unchanged
16	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	134,958	$74.6m1.24%	1.24%	Unchanged
17	ELI LILLY & CO COM LLY	LLY	81,775	$74.0m1.23%	1.23%	Reduced -2.3k	-2,290 -2.7%
18	S&P GLOBAL INC COM SPGI	SPGI	165,475	$73.8m1.23%	1.23%	Unchanged
19	FISERV INC COM FISV	FISV	493,795	$73.6m1.22%	1.22%	Unchanged
20	SALESFORCE INC COM CRM	CRM	284,495	$73.1m1.22%	1.22%	Added +17.2k	+17,245 6.5%
21	TEXAS INSTRS INC COM TXN	TXN	375,385	$73.0m1.21%	1.21%	Unchanged
22	VULCAN MATLS CO COM VMC	VMC	290,980	$72.4m1.20%	1.20%	Reduced -60	-60 -0.0%
23	THE TRADE DESK INC COM CL A TTD	TTD	736,560	$71.9m1.20%	1.20%	Reduced -108.2k	-108,160 -12.8%
24	UNITEDHEALTH GROUP INC COM UNH	UNH	139,610	$71.1m1.18%	1.18%	Added +21.3k	+21,340 18.0%
25	SERVICENOW INC COM NOW	NOW	89,520	$70.4m1.17%	1.17%	Added +5.7k	+5,700 6.8%
26	VISA INC COM CL A V	V	266,225	$69.9m1.16%	1.16%	Added +75	+75 0.0%
27	BOSTON SCIENTIFIC CORP COM BSX	BSX	900,625	$69.4m1.15%	1.15%	Reduced -214.3k	-214,345 -19.2%
28	CONSTELLATION BRANDS INC CL A STZ	STZ	267,425	$68.8m1.14%	1.14%	Reduced -40	-40 -0.0%
29	AON PLC SHS CL A AON	AON	228,245	$67.0m1.11%	1.11%	Unchanged
30	FORTIVE CORP COM FTV	FTV	899,725	$66.7m1.11%	1.11%	Reduced -155	-155 -0.0%
31	CINTAS CORP COM CTAS	CTAS	94,270	$66.0m1.10%	1.10%	Reduced -8.9k	-8,935 -8.7%
32	PALO ALTO NETWORKS INC COM PANW	PANW	191,732	$65.0m1.08%	1.08%	Reduced -50	-50 -0.0%
33	WASTE CONNECTIONS INC COM WCN	WCN	365,967	$64.2m1.07%	1.07%	New
34	WORKDAY INC CL A WDAY	WDAY	281,985	$63.0m1.05%	1.05%	Added +56.4k	+56,395 25.0%
35	SHERWIN WILLIAMS CO COM SHW	SHW	203,135	$60.6m1.01%	1.01%	Unchanged
36	SANOFI SPONSORED ADR SNY	SNY	1,225,490	$59.5m0.99%	0.99%	Added +91.9k	+91,920 8.1%
37	JPMORGAN CHASE & CO COM JPM	JPM	289,170	$58.5m0.97%	0.97%	Reduced -93.1k	-93,125 -24.4%
38	COPART INC COM CPRT	CPRT	1,075,920	$58.3m0.97%	0.97%	Reduced -111.5k	-111,515 -9.4%
39	SYNOPSYS INC COM SNPS	SNPS	97,460	$58.0m0.96%	0.96%	Unchanged
40	STRYKER CORPORATION COM SYK	SYK	164,620	$56.0m0.93%	0.93%	Unchanged
41	MERCK & CO INC COM MRK	MRK	449,897	$55.7m0.93%	0.93%	Reduced -10.9k	-10,945 -2.4%
42	SKYWORKS SOLUTIONS INC COM SWKS	SWKS	521,190	$55.5m0.92%	0.92%	Reduced -115	-115 -0.0%
43	INTERCONTINENTAL EXCHANGE IN COM ICE	ICE	396,775	$54.3m0.90%	0.90%	Unchanged
44	HONEYWELL INTL INC COM COM		253,910	$54.2m0.90%	0.90%	Reduced -12.4k	-12,430 -4.7%
45	ALCON AG ORD SHS ALC	ALC	607,730	$54.1m0.90%	0.90%	Added +180	+180 0.0%
46	ENTERPRISE PRODS PARTNERS L COM EPD	EPD	1,824,480	$52.9m0.88%	0.88%	Unchanged
47	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	172,735	$52.4m0.87%	0.87%	Added +47.5k	+47,495 37.9%
48	ULTA BEAUTY INC COM ULTA	ULTA	133,560	$51.5m0.86%	0.86%	Reduced -25	-25 -0.0%
49	GLOBAL PMTS INC COM GPN	GPN	508,552	$49.2m0.82%	0.82%	Added +59.8k	+59,835 13.3%
50	CADENCE DESIGN SYSTEM INC COM CDNS	CDNS	158,970	$48.9m0.81%	0.81%	Added +55	+55 0.0%
51	ADVANCED MICRO DEVICES INC COM AMD	AMD	293,023	$47.5m0.79%	0.79%	Added +68.8k	+68,755 30.7%
52	MCDONALDS CORP COM MCD	MCD	178,865	$45.6m0.76%	0.76%	Unchanged
53	ROPER TECHNOLOGIES INC COM ROP	ROP	80,340	$45.3m0.75%	0.75%	Unchanged
54	STARBUCKS CORP COM SBUX	SBUX	557,095	$43.4m0.72%	0.72%	Unchanged
55	ATLASSIAN CORPORATION CL A TEAM	TEAM	239,465	$42.4m0.70%	0.70%	Added +61.5k	+61,485 34.5%
56	KLA CORP COM NEW KLAC	KLAC	51,135	$42.2m0.70%	0.70%	Reduced -5.1k	-5,065 -9.0%
57	LAM RESEARCH CORP COM COM		38,550	$41.0m0.68%	0.68%	Reduced -4.0k	-4,045 -9.5%
58	ILLINOIS TOOL WKS INC COM ITW	ITW	171,745	$40.7m0.68%	0.68%	Added +10.5k	+10,510 6.5%
59	MONDELEZ INTL INC CL A MDLZ	MDLZ	615,460	$40.3m0.67%	0.67%	Unchanged
60	LABORATORY CORP AMER HLDGS COM NEW COM NEW		185,890	$37.8m0.63%	0.63%	Unchanged
61	CYBERARK SOFTWARE LTD SHS CYBR	CYBR	136,052	$37.2m0.62%	0.62%	Reduced -12.6k	-12,583 -8.5%
62	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	95,559	$36.6m0.61%	0.61%	Reduced -113.9k	-113,900 -54.4%
63	LAMB WESTON HLDGS INC COM LW	LW	348,821	$29.3m0.49%	0.49%	Added +133.0k	+133,035 61.6%
64	MICROCHIP TECHNOLOGY INC. COM MCHP	MCHP	299,075	$27.4m0.46%	0.46%	Reduced -135	-135 -0.1%
65	SNOWFLAKE INC CL A SNOW	SNOW	197,155	$26.6m0.44%	0.44%	New
66	BJS WHSL CLUB HLDGS INC COM BJ	BJ	287,246	$25.2m0.42%	0.42%	Reduced -14.6k	-14,560 -4.8%
67	GLOBUS MED INC CL A GMED	GMED	360,191	$24.7m0.41%	0.41%	Reduced -2.6k	-2,570 -0.7%
68	RAYMOND JAMES FINL INC COM RJF	RJF	197,949	$24.5m0.41%	0.41%	Reduced -125	-125 -0.1%
69	SMITH A O CORP COM AOS	AOS	294,586	$24.1m0.40%	0.40%	Reduced -195	-195 -0.1%
70	RB GLOBAL INC COM RBA	RBA	307,127	$23.5m0.39%	0.39%	Reduced -22.9k	-22,929 -7.0%
71	VERISK ANALYTICS INC COM VRSK	VRSK	85,663	$23.1m0.38%	0.38%	Reduced -6.4k	-6,355 -6.9%
72	GARTNER INC COM IT	IT	50,650	$22.7m0.38%	0.38%	Reduced -30	-30 -0.1%
73	CDW CORP COM CDW	CDW	101,605	$22.7m0.38%	0.38%	Reduced -35	-35 -0.0%
74	PTC INC COM PTC	PTC	123,075	$22.4m0.37%	0.37%	Reduced -6.4k	-6,380 -4.9%
75	L3HARRIS TECHNOLOGIES INC COM LHX	LHX	99,225	$22.3m0.37%	0.37%	Reduced -10	-10 -0.0%
76	AMETEK INC COM AME	AME	131,840	$22.0m0.37%	0.37%	Reduced -110	-110 -0.1%
77	METTLER TOLEDO INTERNATIONAL COM MTD	MTD	15,479	$21.6m0.36%	0.36%	Unchanged
78	TRANSUNION COM TRU	TRU	278,205	$20.6m0.34%	0.34%	Unchanged
79	POWER INTEGRATIONS INC COM POWI	POWI	289,911	$20.3m0.34%	0.34%	Added +20.5k	+20,486 7.6%
80	DYNATRACE INC COM NEW DT	DT	453,603	$20.3m0.34%	0.34%	Unchanged
81	ELASTIC N V ORD SHS ESTC	ESTC	177,562	$20.2m0.34%	0.34%	Added +10.6k	+10,645 6.4%
82	APTARGROUP INC COM ATR	ATR	141,820	$20.0m0.33%	0.33%	Reduced -30	-30 -0.0%
83	CORPAY INC COM SHS CPAY	CPAY	72,590	$19.3m0.32%	0.32%	Unchanged
84	LENNOX INTL INC COM LII	LII	36,080	$19.3m0.32%	0.32%	Reduced -2.0k	-2,035 -5.3%
85	OKTA INC CL A OKTA	OKTA	203,297	$19.0m0.32%	0.32%	Added +11.6k	+11,585 6.0%
86	WABTEC COM WAB	WAB	120,152	$19.0m0.32%	0.32%	Reduced -55.0k	-54,990 -31.4%
87	BIO-TECHNE CORP COM TECH	TECH	264,829	$19.0m0.32%	0.32%	Unchanged
88	STERIS PLC SHS USD STE	STE	86,224	$18.9m0.31%	0.31%	Unchanged
89	SERVICE CORP INTL COM SCI	SCI	259,935	$18.5m0.31%	0.31%	Reduced -200	-200 -0.1%
90	NORDSON CORP COM NDSN	NDSN	79,135	$18.4m0.31%	0.31%	Reduced -55	-55 -0.1%
91	BROADRIDGE FINL SOLUTIONS IN COM BR	BR	92,830	$18.3m0.30%	0.30%	Reduced -55	-55 -0.1%
92	IQVIA HLDGS INC COM IQV	IQV	85,931	$18.2m0.30%	0.30%	Reduced -70	-70 -0.1%
93	DOMINOS PIZZA INC COM DPZ	DPZ	34,015	$17.6m0.29%	0.29%	Reduced -25	-25 -0.1%
94	KELLANOVA COM K	K	289,790	$16.7m0.28%	0.28%	New
95	REPUBLIC SVCS INC COM RSG	RSG	84,600	$16.4m0.27%	0.27%	Reduced -25.1k	-25,145 -22.9%
96	OLD DOMINION FREIGHT LINE IN COM ODFL	ODFL	92,030	$16.3m0.27%	0.27%	Unchanged
97	TELEDYNE TECHNOLOGIES INC COM TDY	TDY	41,470	$16.1m0.27%	0.27%	Added +4.6k	+4,635 12.6%
98	PAYLOCITY HLDG CORP COM PCTY	PCTY	121,653	$16.0m0.27%	0.27%	Unchanged
99	IDEX CORP COM IEX	IEX	76,150	$15.3m0.25%	0.25%	Reduced -1.3k	-1,300 -1.7%
100	COOPER COS INC COM COO	COO	174,835	$15.3m0.25%	0.25%	Reduced -125	-125 -0.1%

Sold out since Q1 2024

Security	Ticker	Shares held before	Value then
MODEL N INC MODN	MODN	283,914	$8.1m283.9k shares
BUILDERS FIRSTSOURCE INC BLDR	BLDR	38,644	$8.1m38.6k shares
M D C HLDGS INC		87,795	$5.5m87.8k shares
VERIZON COMMUNICATIONS INC VZ	VZ	122,420	$5.1m122.4k shares
KENVUE INC KVUE	KVUE	181,235	$3.9m181.2k shares
GSK PLC GSK	GSK	85,665	$3.7m85.7k shares
LOCKHEED MARTIN CORP LMT	LMT	6,520	$3.0m6.5k shares
GENPACT LIMITED G	G	41,035	$1.4m41.0k shares