NICHOLAS COMPANY, INC.

MILWAUKEE, WI · CIK 903949 · 13F filing filed 2026-08-05

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)

$5.5bn reported value +7.3% vs Q1 2026

195positions

27.6%in top 10

4 new 88 added 77 reduced 12 sold out vs Q1 2026

Holdings, Q2 2026

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	ALPHABET INC CAP STK CL C GOOG	GOOG	687,505	$242.9m4.44%	4.44%	Reduced -30.5k	-30,540 -4.2%
2	NVIDIA CORPORATION COM NVDA	NVDA	1,157,479	$231.6m4.24%	4.24%	Added +305	+305 0.0%
3	AMAZON COM INC COM AMZN	AMZN	872,851	$208.0m3.80%	3.80%	Added +60	+60 0.0%
4	APPLE INC COM AAPL	AAPL	662,695	$191.8m3.51%	3.51%	Added +65	+65 0.0%
5	MICROSOFT CORP COM MSFT	MSFT	451,971	$168.6m3.08%	3.08%	Added +115	+115 0.0%
6	ADVANCED MICRO DEVICES INC COM AMD	AMD	179,426	$104.2m1.91%	1.91%	Reduced -78.0k	-78,050 -30.3%
7	BROADCOM INC COM AVGO	AVGO	263,532	$99.5m1.82%	1.82%	Added +60	+60 0.0%
8	PALO ALTO NETWORKS INC COM PANW	PANW	266,270	$90.8m1.66%	1.66%	Reduced -78.1k	-78,110 -22.7%
9	HOME DEPOT INC COM HD	HD	241,086	$85.0m1.55%	1.55%	Added +1.5k	+1,530 0.6%
10	WASTE CONNECTIONS INC COM WCN	WCN	508,052	$84.7m1.55%	1.55%	Reduced -95	-95 -0.0%
11	OREILLY AUTOMOTIVE INC COM ORLY	ORLY	918,393	$84.6m1.55%	1.55%	Reduced -41.8k	-41,802 -4.3%
12	ELI LILLY & CO COM LLY	LLY	69,981	$83.9m1.54%	1.54%	Unchanged
13	JPMORGAN CHASE & CO COM JPM	JPM	248,520	$81.3m1.49%	1.49%	Added +130	+130 0.1%
14	TJX COS INC NEW COM TJX	TJX	534,900	$81.0m1.48%	1.48%	Reduced -1.3k	-1,300 -0.2%
15	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	159,828	$80.1m1.47%	1.47%	Unchanged
16	TEXAS INSTRS INC COM TXN	TXN	267,187	$79.6m1.46%	1.46%	Reduced -22.2k	-22,250 -7.7%
17	COSTCO WHSL CORP NEW COM COST	COST	84,494	$79.0m1.45%	1.45%	Unchanged
18	ASTRAZENECA PLC ORD AZN	AZN	410,378	$77.8m1.42%	1.42%	Added +140	+140 0.0%
19	EATON CORP PLC SHS ETN	ETN	182,455	$77.7m1.42%	1.42%	Added +1.3k	+1,275 0.7%
20	VULCAN MATLS CO COM VMC	VMC	258,825	$76.4m1.40%	1.40%	Reduced -60	-60 -0.0%
21	KLA CORP COM NEW KLAC	KLAC	245,975	$74.2m1.36%	1.36%	Reduced -124.1k	-124,075 -33.5%
22	CADENCE DESIGN SYSTEM INC COM CDNS	CDNS	194,478	$73.0m1.33%	1.33%	Added +50	+50 0.0%
23	META PLATFORMS INC CL A META	META	125,815	$70.9m1.30%	1.30%	Added +6.5k	+6,475 5.4%
24	SHERWIN WILLIAMS CO COM SHW	SHW	203,075	$69.9m1.28%	1.28%	Added +45	+45 0.0%
25	SNOWFLAKE INC CL A SNOW	SNOW	274,687	$69.9m1.28%	1.28%	Added +29.9k	+29,905 12.2%
26	LAM RESEARCH CORP COM NEW LRCX	LRCX	159,717	$69.2m1.27%	1.27%	Reduced -91.9k	-91,865 -36.5%
27	STRYKER CORPORATION COM SYK	SYK	216,873	$68.3m1.25%	1.25%	Added +52.3k	+52,345 31.8%
28	S&P GLOBAL INC COM SPGI	SPGI	165,430	$67.4m1.23%	1.23%	Added +40	+40 0.0%
29	FASTENAL CO COM FAST	FAST	1,400,863	$67.3m1.23%	1.23%	Added +613	+613 0.0%
30	VISA INC COM CL A V	V	195,945	$67.2m1.23%	1.23%	Added +70	+70 0.0%
31	STARBUCKS CORP COM SBUX	SBUX	646,490	$66.1m1.21%	1.21%	Reduced -75	-75 -0.0%
32	JOHNSON CTLS INTL PLC SHS JCI	JCI	440,030	$64.3m1.18%	1.18%	Unchanged
33	COCA COLA CO COM KO	KO	786,118	$63.9m1.17%	1.17%	Added +305	+305 0.0%
34	MASTERCARD INCORPORATED CL A MA	MA	120,785	$62.0m1.13%	1.13%	Added +45	+45 0.0%
35	SYNOPSYS INC COM SNPS	SNPS	135,282	$60.3m1.10%	1.10%	Added +80	+80 0.1%
36	AON PLC SHS CL A AON	AON	181,267	$60.1m1.10%	1.10%	Added +40	+40 0.0%
37	NETFLIX INC COM NFLX	NFLX	803,360	$57.4m1.05%	1.05%	Added +150	+150 0.0%
38	MCDONALDS CORP COM MCD	MCD	203,920	$55.1m1.01%	1.01%	Added +1.7k	+1,715 0.8%
39	FORTIVE CORP COM FTV	FTV	894,215	$54.6m1.00%	1.00%	Reduced -145	-145 -0.0%
40	INTERCONTINENTAL EXCHANGE IN COM ICE	ICE	436,910	$53.8m0.98%	0.98%	Unchanged
41	CINTAS CORP COM CTAS	CTAS	305,433	$51.9m0.95%	0.95%	Added +45.2k	+45,195 17.4%
42	ILLINOIS TOOL WKS INC COM ITW	ITW	175,415	$47.4m0.87%	0.87%	Added +135	+135 0.1%
43	ALCON AG ORD SHS ALC	ALC	688,295	$46.2m0.84%	0.84%	Reduced -115	-115 -0.0%
44	LATTICE SEMICONDUCTOR CORP COM LSCC	LSCC	293,953	$45.0m0.82%	0.82%	Reduced -49.6k	-49,600 -14.4%
45	SERVICENOW INC COM NOW	NOW	444,205	$44.1m0.81%	0.81%	Added +290	+290 0.1%
46	SALESFORCE INC COM CRM	CRM	275,270	$43.1m0.79%	0.79%	Added +95	+95 0.0%
47	BOSTON SCIENTIFIC CORP COM BSX	BSX	982,444	$41.9m0.77%	0.77%	Added +241.2k	+241,170 32.5%
48	ROPER TECHNOLOGIES INC COM ROP	ROP	109,535	$37.1m0.68%	0.68%	Unchanged
49	MICROCHIP TECHNOLOGY INC. COM MCHP	MCHP	336,467	$30.7m0.56%	0.56%	Reduced -33.7k	-33,685 -9.1%
50	IDEX CORP COM IEX	IEX	132,653	$30.1m0.55%	0.55%	Added +70	+70 0.1%
51	ZSCALER INC COM ZS	ZS	209,676	$29.6m0.54%	0.54%	Reduced -18.2k	-18,166 -8.0%
52	NORDSON CORP COM NDSN	NDSN	90,940	$27.4m0.50%	0.50%	Reduced -35	-35 -0.0%
53	WORKDAY INC CL A WDAY	WDAY	217,130	$26.6m0.49%	0.49%	Reduced -155	-155 -0.1%
54	AMETEK INC COM AME	AME	109,288	$26.4m0.48%	0.48%	Reduced -70	-70 -0.1%
55	TELEDYNE TECHNOLOGIES INC COM TDY	TDY	38,404	$25.6m0.47%	0.47%	Reduced -1.5k	-1,495 -3.8%
56	DATADOG INC CL A COM DDOG	DDOG	95,955	$25.0m0.46%	0.46%	Added +3.3k	+3,310 3.6%
57	RB GLOBAL INC COM RBA	RBA	210,719	$24.5m0.45%	0.45%	Reduced -23	-23 -0.0%
58	SMITH A O CORP COM AOS	AOS	385,673	$24.2m0.44%	0.44%	Added +30	+30 0.0%
59	OKTA INC CL A OKTA	OKTA	169,736	$23.2m0.42%	0.42%	Added +9.5k	+9,508 5.9%
60	CORPAY INC COM SHS CPAY	CPAY	68,345	$22.8m0.42%	0.42%	Reduced -2.7k	-2,660 -3.8%
61	RAYMOND JAMES FINL INC COM RJF	RJF	148,965	$22.6m0.41%	0.41%	Reduced -5.9k	-5,875 -3.8%
62	OLD DOMINION FREIGHT LINE IN COM ODFL	ODFL	95,555	$20.7m0.38%	0.38%	Reduced -50	-50 -0.1%
63	METTLER TOLEDO INTERNATIONAL COM MTD	MTD	15,919	$20.3m0.37%	0.37%	Added +755	+755 5.0%
64	GLOBUS MED INC CL A GMED	GMED	249,329	$19.7m0.36%	0.36%	Reduced -120	-120 -0.1%
65	CBRE GROUP INC CL A CBRE	CBRE	143,405	$19.3m0.35%	0.35%	Reduced -120	-120 -0.1%
66	WABTEC COM WAB	WAB	70,358	$19.0m0.35%	0.35%	Reduced -3.3k	-3,320 -4.5%
67	SHARKNINJA INC COM SHS SN	SN	124,286	$18.9m0.35%	0.35%	Reduced -125	-125 -0.1%
68	TRANSUNION COM TRU	TRU	255,108	$18.4m0.34%	0.34%	Reduced -150	-150 -0.1%
69	APTARGROUP INC COM ATR	ATR	139,615	$17.5m0.32%	0.32%	Added +50	+50 0.0%
70	VIKING HOLDINGS LTD ORD SHS VIK	VIK	164,105	$17.2m0.31%	0.31%	Reduced -9.8k	-9,820 -5.7%
71	MONGODB INC CL A MDB	MDB	49,116	$16.5m0.30%	0.30%	Added +4.2k	+4,161 9.3%
72	STERIS PLC SHS USD STE	STE	78,005	$16.4m0.30%	0.30%	Reduced -70	-70 -0.1%
73	CHARLES RIV LABS INTL INC COM CRL	CRL	71,895	$16.3m0.30%	0.30%	Reduced -45	-45 -0.1%
74	BJS WHSL CLUB HLDGS INC COM BJ	BJ	183,969	$16.0m0.29%	0.29%	Reduced -9.0k	-9,025 -4.7%
75	BURLINGTON STORES INC COM BURL	BURL	50,585	$16.0m0.29%	0.29%	Reduced -55	-55 -0.1%
76	SERVICE CORP INTL COM SCI	SCI	210,160	$16.0m0.29%	0.29%	Added +25	+25 0.0%
77	REVVITY INC COM RVTY	RVTY	143,355	$15.9m0.29%	0.29%	Reduced -130	-130 -0.1%
78	IQVIA HLDGS INC COM IQV	IQV	80,349	$15.5m0.28%	0.28%	Reduced -77	-77 -0.1%
79	HILTON WORLDWIDE HLDGS INC COM HLT	HLT	45,125	$14.9m0.27%	0.27%	Reduced -3.9k	-3,920 -8.0%
80	PAYLOCITY HLDG CORP COM PCTY	PCTY	141,813	$14.8m0.27%	0.27%	Reduced -80	-80 -0.1%
81	L3HARRIS TECHNOLOGIES INC COM LHX	LHX	49,227	$14.3m0.26%	0.26%	Reduced -35	-35 -0.1%
82	VERISK ANALYTICS INC COM VRSK	VRSK	79,245	$14.2m0.26%	0.26%	Reduced -70	-70 -0.1%
83	CDW CORP COM CDW	CDW	99,380	$14.0m0.26%	0.26%	Reduced -15	-15 -0.0%
84	ULTA BEAUTY INC COM ULTA	ULTA	29,820	$13.4m0.25%	0.25%	Reduced -35	-35 -0.1%
85	STEVANATO GROUP S P A ORD SHS STVN	STVN	743,799	$13.4m0.25%	0.25%	Reduced -430	-430 -0.1%
86	NORTHERN TR CORP COM NTRS	NTRS	75,669	$13.2m0.24%	0.24%	Reduced -3.1k	-3,147 -4.0%
87	PNC FINL SVCS GROUP INC COM PNC	PNC	53,000	$13.0m0.24%	0.24%	Added +50	+50 0.1%
88	BIO-TECHNE CORP COM TECH	TECH	182,687	$12.9m0.24%	0.24%	Reduced -182	-182 -0.1%
89	CHIPOTLE MEXICAN GRILL INC COM CMG	CMG	378,975	$12.9m0.24%	0.24%	Reduced -375	-375 -0.1%
90	PTC INC COM PTC	PTC	112,039	$12.7m0.23%	0.23%	Reduced -60	-60 -0.1%
91	JOHNSON & JOHNSON COM JNJ	JNJ	49,680	$12.6m0.23%	0.23%	Added +90	+90 0.2%
92	UNION PAC CORP COM UNP	UNP	45,736	$12.4m0.23%	0.23%	Reduced -1.7k	-1,695 -3.6%
93	VEEVA SYS INC CL A COM VEEV	VEEV	67,605	$12.0m0.22%	0.22%	Reduced -60	-60 -0.1%
94	US BANCORP DEL COM NEW USB	USB	198,290	$12.0m0.22%	0.22%	Added +325	+325 0.2%
95	RESMED INC COM RMD	RMD	60,230	$11.7m0.21%	0.21%	Reduced -130	-130 -0.2%
96	CISCO SYS INC COM CSCO	CSCO	97,295	$11.4m0.21%	0.21%	Reduced -7.7k	-7,705 -7.3%
97	COOPER COS INC COM COO	COO	157,675	$11.3m0.21%	0.21%	Reduced -85	-85 -0.1%
98	REPUBLIC SVCS INC COM RSG	RSG	51,607	$11.0m0.20%	0.20%	Unchanged
99	DYNATRACE INC COM NEW DT	DT	249,404	$11.0m0.20%	0.20%	Added +23.3k	+23,255 10.3%
100	WILLIAMS SONOMA INC COM WSM	WSM	46,914	$10.9m0.20%	0.20%	Reduced -3.6k	-3,625 -7.2%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
ADOBE INC ADBE	ADBE	75,750	$18.4m75.8k shares
HOLOGIC INC HOLX	HOLX	155,390	$11.7m155.4k shares
COSTAR GROUP INC CSGP	CSGP	214,294	$8.6m214.3k shares
HONEYWELL INTL INC		15,202	$6.9m15.2k shares
ACCENTURE PLC IRELAND ACN	ACN	33,865	$6.7m33.9k shares
TRACTOR SUPPLY CO TSCO	TSCO	115,644	$5.2m115.6k shares
WEBSTER FINL CORP WBS	WBS	45,829	$3.2m45.8k shares
SPS COMM INC SPSC	SPSC	22,977	$1.3m23.0k shares
PHREESIA INC PHR	PHR	152,109	$1.3m152.1k shares
SIMULATIONS PLUS INC		2,140	$25.3k2.1k shares
FIVE9 INC FIVN	FIVN	761	$11.5k761 shares
NASDAQ INC NDAQ	NDAQ	75	$6.4k75 shares