# NICHOLAS COMPANY, INC.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 903949. Source: https://holderbook.com/funds/903949-nicholas-company-inc/

- Reported value: $5.5B
- Positions: 195
- Weight of the ten largest: 27.6%
- Filed: 2026-08-05

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $242.9M | 687,505 | 4.4% | 32 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $231.6M | 1,157,479 | 4.2% | 22 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $208.0M | 872,851 | 3.8% | 32 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $191.8M | 662,695 | 3.5% | 32 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $168.6M | 451,971 | 3.1% | 32 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $104.2M | 179,426 | 1.9% | 18 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $99.5M | 263,532 | 1.8% | 23 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $90.8M | 266,270 | 1.7% | 32 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $85.0M | 241,086 | 1.6% | 32 |
| WASTE CONNECTIONS INC | [WCN](https://holderbook.com/stocks/WCN/) | $84.7M | 508,052 | 1.5% | 9 |
| OREILLY AUTOMOTIVE INC | [ORLY](https://holderbook.com/stocks/ORLY/) | $84.6M | 918,393 | 1.5% | 32 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $83.9M | 69,981 | 1.5% | 28 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $81.3M | 248,520 | 1.5% | 32 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $81.0M | 534,900 | 1.5% | 32 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $80.1M | 159,828 | 1.5% | 32 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $79.6M | 267,187 | 1.5% | 28 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $79.0M | 84,494 | 1.4% | 26 |
| ASTRAZENECA PLC | [AZN](https://holderbook.com/stocks/AZN/) | $77.8M | 410,378 | 1.4% | 2 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $77.7M | 182,455 | 1.4% | 3 |
| VULCAN MATLS CO | [VMC](https://holderbook.com/stocks/VMC/) | $76.4M | 258,825 | 1.4% | 32 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $74.2M | 245,975 | 1.4% | 22 |
| CADENCE DESIGN SYSTEM INC | [CDNS](https://holderbook.com/stocks/CDNS/) | $73.0M | 194,478 | 1.3% | 22 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $70.9M | 125,815 | 1.3% | 5 |
| SHERWIN WILLIAMS CO | [SHW](https://holderbook.com/stocks/SHW/) | $69.9M | 203,075 | 1.3% | 16 |
| SNOWFLAKE INC | [SNOW](https://holderbook.com/stocks/SNOW/) | $69.9M | 274,687 | 1.3% | 9 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $69.2M | 159,717 | 1.3% | 8 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $68.3M | 216,873 | 1.2% | 12 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $67.4M | 165,430 | 1.2% | 31 |
| FASTENAL CO | [FAST](https://holderbook.com/stocks/FAST/) | $67.3M | 1,400,863 | 1.2% | 32 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $67.2M | 195,945 | 1.2% | 32 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $66.1M | 646,490 | 1.2% | 32 |
| JOHNSON CONTROLS INTERNATION | [JCI](https://holderbook.com/stocks/JCI/) | $64.3M | 440,030 | 1.2% | 4 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $63.9M | 786,118 | 1.2% | 29 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $62.0M | 120,785 | 1.1% | 32 |
| SYNOPSYS INC | [SNPS](https://holderbook.com/stocks/SNPS/) | $60.3M | 135,282 | 1.1% | 22 |
| AON PLC | [AON](https://holderbook.com/stocks/AON/) | $60.1M | 181,267 | 1.1% | 25 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $57.4M | 803,360 | 1.0% | 6 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $55.1M | 203,920 | 1.0% | 32 |
| FORTIVE CORP | [FTV](https://holderbook.com/stocks/FTV/) | $54.6M | 894,215 | 1.0% | 32 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $53.8M | 436,910 | 1.0% | 32 |
| CINTAS CORP | [CTAS](https://holderbook.com/stocks/CTAS/) | $51.9M | 305,433 | 1.0% | 32 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $47.4M | 175,415 | 0.9% | 29 |
| ALCON AG | [ALC](https://holderbook.com/stocks/ALC/) | $46.2M | 688,295 | 0.8% | 29 |
| LATTICE SEMICONDUCTOR CORP | [LSCC](https://holderbook.com/stocks/LSCC/) | $45.0M | 293,953 | 0.8% | 30 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $44.1M | 444,205 | 0.8% | 32 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $43.1M | 275,270 | 0.8% | 32 |
| BOSTON SCIENTIFIC CORP | [BSX](https://holderbook.com/stocks/BSX/) | $41.9M | 982,444 | 0.8% | 32 |
| ROPER TECHNOLOGIES INC | [ROP](https://holderbook.com/stocks/ROP/) | $37.1M | 109,535 | 0.7% | 25 |
| MICROCHIP TECHNOLOGY INC. | [MCHP](https://holderbook.com/stocks/MCHP/) | $30.7M | 336,467 | 0.6% | 32 |
| IDEX CORP | [IEX](https://holderbook.com/stocks/IEX/) | $30.1M | 132,653 | 0.6% | 32 |
| ZSCALER INC | [ZS](https://holderbook.com/stocks/ZS/) | $29.6M | 209,676 | 0.5% | 6 |
| NORDSON CORP | [NDSN](https://holderbook.com/stocks/NDSN/) | $27.4M | 90,940 | 0.5% | 32 |
| WORKDAY INC | [WDAY](https://holderbook.com/stocks/WDAY/) | $26.6M | 217,130 | 0.5% | 32 |
| AMETEK INC | [AME](https://holderbook.com/stocks/AME/) | $26.4M | 109,288 | 0.5% | 32 |
| TELEDYNE TECHNOLOGIES INC | [TDY](https://holderbook.com/stocks/TDY/) | $25.6M | 38,404 | 0.5% | 23 |
| DATADOG INC | [DDOG](https://holderbook.com/stocks/DDOG/) | $25.0M | 95,955 | 0.5% | 2 |
| RB GLOBAL INC | [RBA](https://holderbook.com/stocks/RBA/) | $24.5M | 210,719 | 0.4% | 12 |
| SMITH A O CORP | [AOS](https://holderbook.com/stocks/AOS/) | $24.2M | 385,673 | 0.4% | 19 |
| OKTA INC | [OKTA](https://holderbook.com/stocks/OKTA/) | $23.2M | 169,736 | 0.4% | 17 |
| CORPAY INC | [CPAY](https://holderbook.com/stocks/CPAY/) | $22.8M | 68,345 | 0.4% | 10 |
| RAYMOND JAMES FINL INC | [RJF](https://holderbook.com/stocks/RJF/) | $22.6M | 148,965 | 0.4% | 32 |
| OLD DOMINION FREIGHT LINE IN | [ODFL](https://holderbook.com/stocks/ODFL/) | $20.7M | 95,555 | 0.4% | 32 |
| METTLER TOLEDO INTERNATIONAL | [MTD](https://holderbook.com/stocks/MTD/) | $20.3M | 15,919 | 0.4% | 32 |
| GLOBUS MED INC | [GMED](https://holderbook.com/stocks/GMED/) | $19.7M | 249,329 | 0.4% | 23 |
| CBRE GROUP INC | [CBRE](https://holderbook.com/stocks/CBRE/) | $19.3M | 143,405 | 0.4% | 32 |
| WABTEC | [WAB](https://holderbook.com/stocks/WAB/) | $19.0M | 70,358 | 0.3% | 32 |
| SHARKNINJA INC | [SN](https://holderbook.com/stocks/SN/) | $18.9M | 124,286 | 0.3% | 4 |
| TRANSUNION | [TRU](https://holderbook.com/stocks/TRU/) | $18.4M | 255,108 | 0.3% | 32 |
| APTARGROUP INC | [ATR](https://holderbook.com/stocks/ATR/) | $17.5M | 139,615 | 0.3% | 32 |
| VIKING HOLDINGS LTD | [VIK](https://holderbook.com/stocks/VIK/) | $17.2M | 164,105 | 0.3% | 4 |
| MONGODB INC | [MDB](https://holderbook.com/stocks/MDB/) | $16.5M | 49,116 | 0.3% | 8 |
| STERIS PLC | [STE](https://holderbook.com/stocks/STE/) | $16.4M | 78,005 | 0.3% | 30 |
| CHARLES RIV LABS INTL INC | [CRL](https://holderbook.com/stocks/CRL/) | $16.3M | 71,895 | 0.3% | 2 |
| BJS WHSL CLUB HLDGS INC | [BJ](https://holderbook.com/stocks/BJ/) | $16.0M | 183,969 | 0.3% | 32 |
| BURLINGTON STORES INC | [BURL](https://holderbook.com/stocks/BURL/) | $16.0M | 50,585 | 0.3% | 32 |
| SERVICE CORP INTL | [SCI](https://holderbook.com/stocks/SCI/) | $16.0M | 210,160 | 0.3% | 32 |
| REVVITY INC | [RVTY](https://holderbook.com/stocks/RVTY/) | $15.9M | 143,355 | 0.3% | 32 |
| IQVIA HLDGS INC | [IQV](https://holderbook.com/stocks/IQV/) | $15.5M | 80,349 | 0.3% | 32 |
| HILTON WORLDWIDE HLDGS INC | [HLT](https://holderbook.com/stocks/HLT/) | $14.9M | 45,125 | 0.3% | 5 |
| PAYLOCITY HLDG CORP | [PCTY](https://holderbook.com/stocks/PCTY/) | $14.8M | 141,813 | 0.3% | 32 |
| L3HARRIS TECHNOLOGIES INC | [LHX](https://holderbook.com/stocks/LHX/) | $14.3M | 49,227 | 0.3% | 28 |
| VERISK ANALYTICS INC | [VRSK](https://holderbook.com/stocks/VRSK/) | $14.2M | 79,245 | 0.3% | 32 |
| CDW CORP | [CDW](https://holderbook.com/stocks/CDW/) | $14.0M | 99,380 | 0.3% | 32 |
| ULTA BEAUTY INC | [ULTA](https://holderbook.com/stocks/ULTA/) | $13.4M | 29,820 | 0.2% | 19 |
| STEVANATO GROUP S P A | [STVN](https://holderbook.com/stocks/STVN/) | $13.4M | 743,799 | 0.2% | 19 |
| NORTHERN TR CORP | [NTRS](https://holderbook.com/stocks/NTRS/) | $13.2M | 75,669 | 0.2% | 32 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $13.0M | 53,000 | 0.2% | 32 |
| BIO-TECHNE CORP | [TECH](https://holderbook.com/stocks/TECH/) | $12.9M | 182,687 | 0.2% | 13 |
| CHIPOTLE MEXICAN GRILL INC | [CMG](https://holderbook.com/stocks/CMG/) | $12.9M | 378,975 | 0.2% | 26 |
| PTC INC | [PTC](https://holderbook.com/stocks/PTC/) | $12.7M | 112,039 | 0.2% | 24 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $12.6M | 49,680 | 0.2% | 32 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $12.4M | 45,736 | 0.2% | 14 |
| VEEVA SYS INC | [VEEV](https://holderbook.com/stocks/VEEV/) | $12.0M | 67,605 | 0.2% | 31 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $12.0M | 198,290 | 0.2% | 14 |
| RESMED INC | [RMD](https://holderbook.com/stocks/RMD/) | $11.7M | 60,230 | 0.2% | 32 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $11.4M | 97,295 | 0.2% | 32 |
| COOPER COS INC | [COO](https://holderbook.com/stocks/COO/) | $11.3M | 157,675 | 0.2% | 10 |
| REPUBLIC SVCS INC | [RSG](https://holderbook.com/stocks/RSG/) | $11.0M | 51,607 | 0.2% | 26 |
| DYNATRACE INC | [DT](https://holderbook.com/stocks/DT/) | $11.0M | 249,404 | 0.2% | 18 |
| WILLIAMS SONOMA INC | [WSM](https://holderbook.com/stocks/WSM/) | $10.9M | 46,914 | 0.2% | 7 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +12.4% | +14.8% | -2.4% | 100% |
| Q1 2026 | -8.1% | -4.6% | -3.5% | 100% |
| Q4 2025 | -0.2% | +2.4% | -2.6% | 100% |
| Q3 2025 | +1.0% | +7.8% | -6.8% | 100% |
| Q2 2025 | +5.6% | +10.5% | -4.8% | 100% |
| Q1 2025 | -4.0% | -4.6% | +0.6% | 100% |
| Q4 2024 | +0.2% | +2.1% | -2.0% | 100% |
| Q3 2024 | +4.5% | +5.4% | -0.9% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $5.5B | 195 |
| Q1 2026 | $5.1B | 203 |
| Q4 2025 | $5.7B | 205 |
| Q3 2025 | $5.9B | 215 |
| Q2 2025 | $6.0B | 216 |
| Q1 2025 | $5.8B | 213 |
| Q4 2024 | $6.2B | 214 |
| Q3 2024 | $6.1B | 216 |
| Q2 2024 | $6.0B | 216 |
| Q1 2024 | $6.1B | 218 |
| Q4 2023 | $5.6B | 213 |
| Q3 2023 | $5.0B | 214 |