NICHOLAS COMPANY, INC.
Long book
$5.10B
Q1 2026
Positions
203
Top-10 weight
26%
concentration
Last quarter
+13.7%
SPY +14.8%
Turnover
9%
of book per quarter
Strategy in plain words
auto-generated from filingsNICHOLAS COMPANY, INC. is an institutional manager, running a $5.10B US long book across 203 positions.
The portfolio is moderately concentrated (top 10 ≈ 26% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: ALPHABET INC-CL C, NVIDIA CORP, AMAZON.COM INC, APPLE INC, MICROSOFT CORP.
Over the last 9 quarters its long book ran on average 3pp per quarter behind the S&P 500, beating the index in 1 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-0.5%
Q2 2024
+4.6%
Q3 2024
+0.4%
Q4 2024
-3.8%
Q1 2025
+6.1%
Q2 2025
+1.1%
Q3 2025
+0.0%
Q4 2025
-7.9%
Q1 2026
+13.7%
Sector allocation
Technology 36%
Consumer discretionary 18%
Healthcare 10%
Services media 9%
Industrials 8%
Financials 6%
Other 5%
Utilities 3%
Long book by quarter
What does NICHOLAS COMPANY, own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| GOOG ALPHABET INC-CL C | Technology | 718.0K | $206.0M | 4.0% | -10.0% |
| NVDA NVIDIA CORP | Technology | 1.2M | $201.8M | 4.0% | -0.1% |
| AMZN AMAZON.COM INC | Consumer discretionary | 872.8K | $181.8M | 3.6% | -0.1% |
| AAPL APPLE INC | Technology | 662.6K | $168.2M | 3.3% | +4.9% |
| MSFT MICROSOFT CORP | Technology | 451.9K | $167.3M | 3.3% | +2.1% |
| ORLY O'REILLY AUTOMOTIVE INC | Consumer discretionary | 960.2K | $88.6M | 1.7% | -0.1% |
| TJX TJX COMPANIES INC | Consumer discretionary | 536.2K | $85.6M | 1.7% | -18.4% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 84.5K | $84.2M | 1.7% | -4.3% |
| WCN WASTE CONNECTIONS INC | Utilities | 508.1K | $82.5M | 1.6% | +13.1% |
| AVGO BROADCOM INC | Technology | 263.5K | $81.5M | 1.6% | +1177.9% |
| AZN ASTRAZENECA PLC | Healthcare | 410.2K | $80.9M | 1.6% | New |
| HD HOME DEPOT INC | Consumer discretionary | 239.6K | $78.8M | 1.5% | -0.1% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 159.8K | $78.6M | 1.5% | -0.1% |
| NFLX NETFLIX INC | Services media | 803.2K | $77.2M | 1.5% | +32.5% |
| JPM JPMORGAN CHASE & CO | Financials | 248.4K | $73.1M | 1.4% | -0.1% |
| VMC VULCAN MATERIALS CO | Materials | 258.9K | $70.5M | 1.4% | -1.3% |
| SPGI S&P GLOBAL INC | Services media | 165.4K | $70.3M | 1.4% | -0.1% |
| ICE INTERCONTINENTAL EXCHANGE IN | Financials | 436.9K | $68.7M | 1.3% | -0.1% |
| META META PLATFORMS INC-CLASS A | Technology | 119.3K | $68.3M | 1.3% | -0.1% |
| SHW SHERWIN-WILLIAMS CO/THE | Consumer discretionary | 203.0K | $65.1M | 1.3% | -0.1% |
| FAST FASTENAL CO | Consumer discretionary | 1.4M | $65.0M | 1.3% | -0.1% |
| ETN EATON CORP PLC | Industrials | 181.2K | $64.8M | 1.3% | +16.0% |
| LLY ELI LILLY & CO | Healthcare | 70.0K | $64.4M | 1.3% | -9.5% |
| MCD MCDONALD'S CORP | Consumer discretionary | 202.2K | $62.8M | 1.2% | +1.4% |
| MA MASTERCARD INC - A | Services media | 120.7K | $60.3M | 1.2% | -0.1% |
| KO COCA-COLA CO/THE | Consumer staples | 785.8K | $59.8M | 1.2% | -27.6% |
| V VISA INC-CLASS A SHARES | Services media | 195.9K | $59.2M | 1.2% | -0.1% |
| AON AON PLC-CLASS A | Financials | 181.2K | $58.5M | 1.1% | -0.1% |
| SBUX STARBUCKS CORP | Consumer discretionary | 646.6K | $57.9M | 1.1% | -11.9% |
| JCI JOHNSON CONTROLS INTERNATION | Industrials | 440.0K | $57.6M | 1.1% | +4.3% |
| TXN TEXAS INSTRUMENTS INC | Technology | 289.4K | $56.2M | 1.1% | -12.9% |
| PANW PALO ALTO NETWORKS INC | Technology | 344.4K | $55.2M | 1.1% | +54.0% |
| KLAC KLA CORP | Other | 37.0K | $54.5M | 1.1% | -16.8% |
| SYK STRYKER CORP | Healthcare | 164.5K | $54.1M | 1.1% | -0.1% |
| CDNS CADENCE DESIGN SYS INC | Technology | 194.4K | $54.0M | 1.1% | +42.8% |
| LRCX LAM RESEARCH CORP | Industrials | 251.6K | $53.8M | 1.1% | -21.6% |
| SNPS SYNOPSYS INC | Technology | 135.2K | $53.6M | 1.1% | -0.1% |
| AMD ADVANCED MICRO DEVICES | Technology | 257.5K | $52.4M | 1.0% | -13.6% |
| ALC ALCON INC | Healthcare | 688.4K | $51.9M | 1.0% | 0.0% |
| CRM SALESFORCE INC | Technology | 275.2K | $51.4M | 1.0% | +1.3% |
| FTV FORTIVE CORP | Technology | 894.4K | $49.4M | 1.0% | 0.0% |
| BSX BOSTON SCIENTIFIC CORP | Healthcare | 741.3K | $46.5M | 0.9% | +18.2% |
| NOW SERVICENOW INC | Technology | 443.9K | $46.4M | 0.9% | +4.2% |
| ITW ILLINOIS TOOL WORKS | Industrials | 175.3K | $45.6M | 0.9% | -0.1% |
| CTAS CINTAS CORP | Other | 260.2K | $44.0M | 0.9% | -0.1% |
| ROP ROPER TECHNOLOGIES INC | Technology | 109.5K | $38.8M | 0.8% | +36.3% |
| SNOW SNOWFLAKE INC | Technology | 244.8K | $36.9M | 0.7% | -0.2% |
| ZS ZSCALER INC | Technology | 227.8K | $32.0M | 0.6% | -13.3% |
| LSCC LATTICE SEMICONDUCTOR CORP | Technology | 343.6K | $31.9M | 0.6% | -4.4% |
| WDAY WORKDAY INC-CLASS A | Technology | 217.3K | $28.2M | 0.6% | -23.0% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 4, 2026 | 203 | $5.10B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 4, 2026 | 205 | $5.71B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 215 | $5.89B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 5, 2025 | 216 | $5.97B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 8, 2025 | 213 | $5.77B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 10, 2025 | 214 | $6.18B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 216 | $6.15B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 24, 2024 | 216 | $6.01B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 218 | $6.05B | canonical | SEC ↗ |
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