NICHOLAS COMPANY, INC.

$5.1B reported 13(f) long value · latest quarter 2026-03-31 · CIK 903949 · EDGAR ↗

sum of disclosed values for 2026-03-31; 0 positions carry a NULL value and are excluded from the sum, surfaced here rather than folded away: $5.1B
ALL retained default holdings for this (filer, period), including NULL-value ones: 203
positions with no comparable holding in the prior quarter (kind new), 2026-03-31: 9
positions absent from this quarter's filing after being held last quarter (kind exit), 2026-03-31 — inferred from absence, not a sale record: 11

A quarter-end snapshot. Filed up to 45 days later, so this page is not current holdings and never a complete portfolio. what a 13F is — and is not ↓ methodology §13F ↗

Position changes — into 2026-03-31

by shares · Δ value · filing link · how changes are classified §

Position changes into quarter 2026-03-31
position matched across quarters by exact reported CUSIP over a registry gap — producer-reconciled identity, never a name match `identity_reconciled_by_cusip`	the reported share count is unchanged across the pair; this build's data classified the change from its reported value; builds from 2026-09-10 on read it as NO CHANGE `classified_by_value` · EXIT = absent this quarter: disposed, delisted, under confidential treatment, or reported instead by an affiliated manager — the filing does not say which · change not classifiable: value undisclosed on one side of the quarter pair, or neither shares nor value can classify it · NO CHANGE = the share count is identical in both quarters; the value moved only with price, so the row is mark-to-market and never an ADD or a TRIM (NEW / ADD / TRIM / EXIT / NO CHANGE) · NO PRIOR = this filer has no comparable holdings list for the previous quarter on record — a first filing under this registration, or a quarter reported inside an affiliated manager's filing — so the position is not called a new stake	derived by Public Filings from the published aggregate; NULL means the source did not disclose a usable value — never zero	reported unit changed across the pair (SH↔PRN); the share delta is withheld rather than fabricated `shares_unit_mismatch`	Prev value	Curr value	Prev shares	Curr shares
position key `pos:17821` · issuer key `iss:89` CAP STK CL C	TRIM	−$44.3M	−79,465	$250M	$206M	797,510	718,045
position key `pos:15642` · issuer key `iss:1334` COM	TRIM	−$14.2M	−1,076	$216M	$202M	1,158,250	1,157,174
position key `pos:14175` · issuer key `iss:95` COM	TRIM	−$19.9M	−763	$202M	$182M	873,554	872,791
position key `pos:13215` · issuer key `iss:144` COM	ADD	−$3.5M	+31,135	$172M	$168M	631,495	662,630
position key `pos:11825` · issuer key `iss:1225` COM	ADD	−$46.7M	+9,429	$214M	$167M	442,427	451,856
position key `pos:11403` · issuer key `iss:1342` COM	TRIM	+$995K	−675	$87.6M	$88.6M	960,870	960,195
position key `pos:17899` · issuer key `iss:1745` COM	TRIM	−$15.3M	−120,630	$101M	$85.6M	656,830	536,200
position key `pos:12030` · issuer key `iss:525` COM	TRIM	+$8.1M	−3,782	$76.1M	$84.2M	88,276	84,494
position key `pos:16804` · issuer key `iss:1945` COM	ADD	+$3.8M	+59,035	$78.8M	$82.5M	449,112	508,147
position key `pos:12827` · issuer key `iss:323` COM	ADD	+$74.4M	+242,855	$7.1M	$81.5M	20,617	263,472
position key `pos:17695` · issuer key `iss:2037` ORD	NEW	+$80.9M	+410,238	$0	$80.9M	—	410,238
position key `pos:10715` · issuer key `iss:916` COM	TRIM	−$3.7M	−152	$82.5M	$78.8M	239,708	239,556
position key `pos:15125` · issuer key `iss:1798` COM	TRIM	−$14.1M	−140	$92.7M	$78.6M	159,968	159,828
position key `pos:15433` · issuer key `iss:1290` COM	ADD	+$20.4M	+196,935	$56.8M	$77.2M	606,275	803,210
position key `pos:18039` · issuer key `iss:1025` COM	TRIM	−$7.0M	−200	$80.1M	$73.1M	248,590	248,390
position key `pos:10720` · issuer key `iss:1622` SPONSORED ADR	TRIM	−$481K	−1,265	$72.7M	$72.2M	1,500,255	1,498,990
position key `pos:12141` · issuer key `iss:1933` COM	TRIM	−$4.3M	−3,420	$74.8M	$70.5M	262,305	258,885
position key `pos:15495` · issuer key `iss:1590` COM	TRIM	−$16.2M	−150	$86.5M	$70.3M	165,540	165,390
position key `pos:16825` · issuer key `iss:987` COM	TRIM	−$2.1M	−245	$70.8M	$68.7M	437,155	436,910
position key `pos:11390` · issuer key `iss:720` CL A	TRIM	−$10.5M	−70	$78.8M	$68.3M	119,410	119,340
position key `pos:13768` · issuer key `iss:1651` COM	TRIM	−$768K	−190	$65.8M	$65.1M	203,220	203,030
position key `pos:15311` · issuer key `iss:724` COM	TRIM	+$8.7M	−1,560	$56.3M	$65.0M	1,401,810	1,400,250
position key `pos:17839` · issuer key `iss:2093` SHS	ADD	+$15.0M	+24,955	$49.8M	$64.8M	156,225	181,180
position key `pos:15863` · issuer key `iss:1123` COM	TRIM	−$18.7M	−7,348	$83.1M	$64.4M	77,329	69,981
position key `pos:16096` · issuer key `iss:1206` COM	ADD	+$1.9M	+2,730	$61.0M	$62.8M	199,475	202,205
position key `pos:14206` · issuer key `iss:1193` CL A	TRIM	−$8.7M	−110	$69.0M	$60.3M	120,850	120,740
position key `pos:10493` · issuer key `iss:471` COM	TRIM	−$16.1M	−299,797	$75.9M	$59.8M	1,085,610	785,813
position key `pos:12848` · issuer key `iss:1921` COM CL A	TRIM	−$9.6M	−180	$68.8M	$59.2M	196,055	195,875
position key `pos:14354` · issuer key `iss:2031` SHS CL A	TRIM	−$5.5M	−175	$64.0M	$58.5M	181,402	181,227
position key `pos:16012` · issuer key `iss:1713` COM	TRIM	−$3.9M	−87,385	$61.8M	$57.9M	733,950	646,565
position key `pos:13619` · issuer key `iss:2145` SHS	ADD	+$7.1M	+18,295	$50.5M	$57.6M	421,735	440,030
position key `pos:16841` · issuer key `iss:1791` COM	TRIM	−$1.4M	−42,692	$57.6M	$56.2M	332,129	289,437
position key `pos:14782` · issuer key `iss:1406` COM	ADD	+$14.0M	+120,730	$41.2M	$55.2M	223,650	344,380
position key `pos:18187` · issuer key `iss:1040` COM NEW	TRIM	+$428K	−7,485	$54.1M	$54.5M	44,490	37,005
position key `pos:15220` · issuer key `iss:1725` COM	TRIM	−$3.8M	−149	$57.9M	$54.1M	164,677	164,528
position key `pos:11814` · issuer key `iss:371` COM	ADD	+$11.5M	+58,282	$42.6M	$54.0M	136,146	194,428
position key `pos:10455` · issuer key `iss:1091` COM NEW	TRIM	−$1.2M	−69,510	$55.0M	$53.8M	321,092	251,582
position key `pos:18221` · issuer key `iss:1739` COM	TRIM	−$10.0M	−115	$63.6M	$53.6M	135,317	135,202
position key `pos:14060` · issuer key `iss:47` COM	TRIM	−$11.4M	−40,369	$63.8M	$52.4M	297,845	257,476
position key `pos:17782` · issuer key `iss:2255` ORD SHS	TRIM	−$2.4M	−200	$54.3M	$51.9M	688,610	688,410
position key `pos:12725` · issuer key `iss:1615` COM	ADD	−$20.6M	+3,645	$71.9M	$51.4M	271,530	275,175
position key `pos:17687` · issuer key `iss:765` COM	TRIM	+$59.0K	−65	$49.4M	$49.4M	894,425	894,360
position key `pos:14095` · issuer key `iss:307` COM	ADD	−$13.3M	+114,116	$59.8M	$46.5M	627,158	741,274
position key `pos:13683` · issuer key `iss:1648` COM	ADD	−$18.8M	+17,900	$65.3M	$46.4M	426,015	443,915
position key `pos:15592` · issuer key `iss:954` COM	TRIM	+$2.4M	−135	$43.2M	$45.6M	175,415	175,280
position key `pos:17845` · issuer key `iss:455` COM	TRIM	−$5.0M	−253	$49.0M	$44.0M	260,491	260,238
position key `pos:10193` · issuer key `iss:1574` COM	ADD	+$3.0M	+29,160	$35.8M	$38.8M	80,375	109,535
position key `pos:11122` · issuer key `iss:1684` COM SHS	TRIM	−$16.9M	−407	$53.8M	$36.9M	245,189	244,782
position key `pos:10449` · issuer key `iss:2012` COM	TRIM	−$27.1M	−34,855	$59.1M	$32.0M	262,697	227,842
position key `pos:15974` · issuer key `iss:1099` COM	TRIM	+$5.4M	−15,950	$26.5M	$31.9M	359,503	343,553
position key `pos:17607` · issuer key `iss:1988` CL A	TRIM	−$32.3M	−64,730	$60.6M	$28.2M	282,015	217,285
position key `pos:12068` · issuer key `iss:1677` COM	TRIM	−$702K	−5,075	$26.1M	$25.4M	390,718	385,643
position key `pos:13458` · issuer key `iss:952` COM	ADD	+$1.5M	+50	$23.6M	$25.1M	132,533	132,583
position key `pos:11347` · issuer key `iss:1318` COM	TRIM	+$1.6M	−3,150	$22.6M	$24.2M	94,125	90,975
position key `pos:16854` · issuer key `iss:1767` COM	TRIM	+$1.6M	−4,305	$22.6M	$24.1M	44,204	39,899
position key `pos:11213` · issuer key `iss:1227` COM	TRIM	−$1.8M	−33,555	$25.7M	$23.9M	403,707	370,152
position key `pos:13567` · issuer key `iss:121` COM	ADD	+$1.0M	+70	$22.4M	$23.4M	109,288	109,358
position key `pos:15683` · issuer key `iss:1526` COM	ADD	−$2.4M	+75	$24.9M	$22.4M	154,765	154,840
position key `pos:17000` · issuer key `iss:829` CL A	TRIM	−$5.4M	−58,272	$26.9M	$21.5M	307,721	249,449
position key `pos:17272` · issuer key `iss:521` COM SHS	ADD	−$682K	+80	$21.3M	$20.7M	70,925	71,005
position key `pos:17824` · issuer key `iss:1514` COM	TRIM	−$1.5M	−146	$21.7M	$20.2M	210,888	210,742
position key `pos:14227` · issuer key `iss:348` CL A	TRIM	−$4.1M	−2,820	$23.5M	$19.4M	146,345	143,525
position key `pos:17837` · issuer key `iss:1223` COM	ADD	−$2.0M	+15	$21.1M	$19.1M	15,149	15,164
position key `pos:10426` · issuer key `iss:1352` COM	ADD	+$3.7M	+55	$15.0M	$18.7M	95,550	95,605
position key `pos:17290` · issuer key `iss:39` COM	TRIM	−$42.7M	−98,876	$61.1M	$18.4M	174,626	75,750
position key `pos:12595` · issuer key `iss:1938` COM	TRIM	+$1.8M	−4,360	$16.7M	$18.4M	78,038	73,678
position key `pos:15823` · issuer key `iss:1815` COM	ADD	−$4.2M	+170	$21.9M	$17.7M	255,088	255,258
position key `pos:17471` · issuer key `iss:152` COM	TRIM	+$535K	−260	$17.1M	$17.6M	139,825	139,565
position key `pos:10225` · issuer key `iss:1647` COM	ADD	+$959K	+65	$16.4M	$17.3M	210,070	210,135
position key `pos:13247` · issuer key `iss:2223` SHS USD	ADD	−$2.5M	+100	$19.8M	$17.3M	77,975	78,075
position key `pos:10743` · issuer key `iss:1088` COM	TRIM	−$1.2M	−12,643	$18.2M	$17.0M	61,905	49,262
position key `pos:12742` · issuer key `iss:341` COM	ADD	+$1.9M	+35	$14.6M	$16.5M	50,605	50,640
position key `pos:17630` · issuer key `iss:1849` COM	TRIM	−$6.3M	−6,420	$21.9M	$15.6M	36,275	29,855
position key `pos:12773` · issuer key `iss:1419` COM	TRIM	−$6.6M	−1,635	$21.9M	$15.3M	143,528	141,893
position key `pos:16768` · issuer key `iss:1903` COM	ADD	−$2.7M	+10	$17.7M	$15.1M	79,305	79,315
position key `pos:11521` · issuer key `iss:914` COM	ADD	+$3.4M	+9,075	$11.5M	$14.9M	39,970	49,045
position key `pos:16495` · issuer key `iss:1005` COM	ADD	−$4.4M	+40	$18.1M	$13.7M	80,386	80,426
position key `pos:10705` · issuer key `iss:2209` COM SHS	ADD	+$190K	+8,370	$13.0M	$13.2M	116,041	124,411
position key `pos:14895` · issuer key `iss:596` COM	ADD	−$1.0M	+2,460	$13.9M	$12.8M	33,255	35,715
position key `pos:15107` · issuer key `iss:2241` ORD SHS	ADD	+$1.3M	+12,675	$11.5M	$12.8M	161,250	173,925
position key `pos:14684` · issuer key `iss:1350` CL A	ADD	−$1.2M	+190	$13.8M	$12.6M	160,038	160,228
position key `pos:16398` · issuer key `iss:1439` COM	ADD	−$1.3M	+155	$13.9M	$12.6M	143,330	143,485
position key `pos:16949` · issuer key `iss:431` COM	NEW	+$12.4M	+71,940	$0	$12.4M	—	71,940
position key `pos:13510` · issuer key `iss:444` COM	ADD	−$870K	+27,660	$13.0M	$12.1M	351,690	379,350
position key `pos:14563` · issuer key `iss:351` COM	ADD	−$1.5M	+20	$13.5M	$12.0M	99,375	99,395
position key `pos:13364` · issuer key `iss:1894` CL A COM	ADD	−$3.2M	+15	$15.1M	$11.9M	67,650	67,665
position key `sid:sec:prov:91d6849a98e3e9ee3b4349013a243cf4` · issuer key `cusip6:436440` COM	TRIM	−$797K	−12,995	$12.5M	$11.7M	168,385	155,390
position key `pos:13287` · issuer key `iss:1548` COM	ADD	+$378K	+55	$10.9M	$11.3M	51,552	51,607
position key `pos:17009` · issuer key `iss:510` COM	TRIM	−$1.7M	−55	$12.9M	$11.3M	157,815	157,760
position key `pos:15737` · issuer key `iss:1247` CL A	ADD	−$6.6M	+3,030	$17.6M	$11.0M	41,925	44,955
position key `pos:12281` · issuer key `iss:1321` COM	ADD	+$240K	+40	$10.8M	$11.0M	78,776	78,816
position key `pos:16528` · issuer key `iss:559` CL A COM	NEW	+$10.9M	+92,645	$0	$10.9M	—	92,645
position key `pos:11717` · issuer key `iss:440` COM	TRIM	−$1.3M	−27,590	$12.2M	$10.8M	80,020	52,430
position key `pos:12224` · issuer key `iss:2303` ORD SHS	TRIM	−$4.8M	−975	$15.0M	$10.2M	745,204	744,229
position key `pos:11633` · issuer key `iss:673` COM	TRIM	+$1.3M	−990	$8.3M	$9.6M	10,780	9,790
position key `pos:11969` · issuer key `iss:268` COM	TRIM	−$13.4M	−207,925	$23.0M	$9.6M	390,794	182,869
position key `pos:16221` · issuer key `iss:1477` COM	TRIM	−$410K	−725	$9.4M	$8.9M	151,655	150,930
position key `pos:15035` · issuer key `iss:505` COM	TRIM	+$2.2M	−3,950	$6.6M	$8.9M	71,036	67,086
position key `pos:13563` · issuer key `iss:900` COM	ADD	−$1.3M	+25	$10.1M	$8.7M	55,187	55,212
position key `pos:10427` · issuer key `iss:1241` COM	TRIM	+$3.3M	−185	$5.4M	$8.7M	40,245	40,060

Flags: no row carries a flag.

1–20 of the 100 changes on this page

Mark-to-market only (no share change) · 27

Positions whose share count is identical in both quarters; the value changed with price, not with a decision.

Positions held with no share change into quarter 2026-03-31
position matched across quarters by exact reported CUSIP over a registry gap — producer-reconciled identity, never a name match `identity_reconciled_by_cusip`	the reported share count is unchanged across the pair; this build's data classified the change from its reported value; builds from 2026-09-10 on read it as NO CHANGE `classified_by_value` · EXIT = absent this quarter: disposed, delisted, under confidential treatment, or reported instead by an affiliated manager — the filing does not say which · change not classifiable: value undisclosed on one side of the quarter pair, or neither shares nor value can classify it · NO CHANGE = the share count is identical in both quarters; the value moved only with price, so the row is mark-to-market and never an ADD or a TRIM (NEW / ADD / TRIM / EXIT / NO CHANGE) · NO PRIOR = this filer has no comparable holdings list for the previous quarter on record — a first filing under this registration, or a quarter reported inside an affiliated manager's filing — so the position is not called a new stake	derived by Public Filings from the published aggregate; NULL means the source did not disclose a usable value — never zero	Prev value	Curr value	Prev shares	Curr shares
position key `pos:16686` · issuer key `iss:213` COM	NO CHANGE	+$1.6M	$17.4M	$19.0M	192,994	192,994
position key `pos:12678` · issuer key `iss:1400` COM	NO CHANGE	−$3.6M	$19.5M	$16.0M	112,099	112,099
position key `pos:16392` · issuer key `iss:1549` COM	NO CHANGE	−$989K	$14.5M	$13.5M	60,360	60,360
position key `pos:11059` · issuer key `iss:322` COM	NO CHANGE	−$4.6M	$17.1M	$12.4M	76,434	76,434
position key `pos:13599` · issuer key `iss:1035` COM	NO CHANGE	+$1.9M	$10.3M	$12.1M	49,590	49,590
position key `pos:14191` · issuer key `iss:1855` COM	NO CHANGE	+$536K	$11.0M	$11.5M	47,431	47,431
position key `pos:13363` · issuer key `iss:1393` COM	NO CHANGE	−$33.9K	$11.1M	$11.0M	52,950	52,950
position key `pos:16131` · issuer key `iss:1632` COM	NO CHANGE	−$679K	$11.4M	$10.8M	114,467	114,467
position key `pos:15134` · issuer key `iss:1844` COM NEW	NO CHANGE	−$267K	$10.6M	$10.3M	197,965	197,965
position key `pos:10718` · issuer key `iss:1311` COM	NO CHANGE	+$1.3M	$8.3M	$9.6M	103,895	103,895
position key `pos:11774` · issuer key `iss:1974` COM	NO CHANGE	+$189K	$9.0M	$9.2M	50,539	50,539
position key `pos:12366` · issuer key `iss:22` COM	NO CHANGE	−$2.0M	$11.2M	$9.1M	88,998	88,998
position key `pos:15499` · issuer key `iss:23` COM	NO CHANGE	−$426K	$8.8M	$8.4M	38,725	38,725
position key `pos:11267` · issuer key `iss:2257` COM	NO CHANGE	+$351K	$7.9M	$8.3M	25,425	25,425
position key `pos:11610` · issuer key `iss:287` COM	NO CHANGE	−$920K	$9.1M	$8.1M	8,469	8,469
position key `pos:10904` · issuer key `iss:1569` COM	NO CHANGE	−$593K	$7.6M	$7.0M	19,641	19,641
position key `pos:14992` · issuer key `iss:1485` COM	NO CHANGE	+$52.8K	$6.7M	$6.7M	46,683	46,683
position key `pos:13891` · issuer key `iss:1313` CL B	NO CHANGE	−$1.3M	$7.9M	$6.5M	123,652	123,652
position key `pos:14039` · issuer key `iss:112` COM	NO CHANGE	−$113K	$6.6M	$6.5M	37,795	37,795
position key `pos:17751` · issuer key `iss:1214` COM	NO CHANGE	+$739K	$5.2M	$5.9M	49,156	49,156
position key `pos:11671` · issuer key `iss:122` COM	NO CHANGE	+$403K	$5.4M	$5.8M	16,415	16,415
position key `pos:14585` · issuer key `iss:1246` CL A	NO CHANGE	+$381K	$5.4M	$5.8M	99,966	99,966
position key `pos:15622` · issuer key `iss:282` COM	NO CHANGE	−$1.9M	$7.4M	$5.5M	47,910	47,910
position key `pos:13340` · issuer key `iss:666` COM	NO CHANGE	+$688K	$3.8M	$4.5M	119,100	119,100
position key `pos:16115` · issuer key `iss:1869` COM	NO CHANGE	−$985K	$5.5M	$4.5M	16,547	16,547
position key `pos:17242` · issuer key `iss:1111` COM	NO CHANGE	−$142K	$3.2M	$3.1M	6,600	6,600
position key `pos:15560` · issuer key `iss:1973` COM	NO CHANGE	+$506K	$2.4M	$2.9M	39,952	39,952

Flags: no row carries a flag.

Newest filing in this build: 2026-07-31. Per-row filing dates are on each receipt.

Truncated by Public Filings. Changes compare every position with a security identifier, new and exited included; holdings without one are counted, not compared. methodology §13F ↗

Reported positions — 2026-03-31

1–100 of 203 positions · $5.1B disclosed value over 203 rows · 0 undisclosed-value rows

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This build carries one quarter for this manager: 2026-03-31. Notable managers carry four published quarters, others two.

Positions NICHOLAS COMPANY, INC. reported for the quarter ended 2026-03-31, as that filer reported them
This list carries reported issuer names and security identities, without a dated ticker mapping. Symbols are not inferred from names.	a position composed from a base filing plus NEW-HOLDINGS amendments keeps every source row here; the composition's latest filed date is the one shown served from this build's published holdings (derived from the filer's own reported rows); every row resolves to its filing	value undisclosed on the filing: retained and counted, excluded from sums, never shown as $0	Shares	Wt
—	Alphabet Inc. Class C · CAP STK CL C CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗ ticker not yet mapped	$206M	718,045	4.0%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	NVIDIA Corporation · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$202M	1,157,174	4.0%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	Amazon.com, Inc. · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$182M	872,791	3.6%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	Apple Inc. · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$168M	662,630	3.3%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	Microsoft Corporation · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$167M	451,856	3.3%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	O'Reilly Automotive, Inc. · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$88.6M	960,195	1.7%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	TJX Companies Inc · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$85.6M	536,200	1.7%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	Costco Wholesale Corporation · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$84.2M	84,494	1.7%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	Waste Connections, Inc. · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$82.5M	508,147	1.6%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	Broadcom Inc. · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$81.5M	263,472	1.6%
—	Astrazeneca PLC Sponsored ADR · ORD CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗ ticker not yet mapped	$80.9M	410,238	1.6%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	Home Depot, Inc. · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$78.8M	239,556	1.5%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	Thermo Fisher Scientific Inc. · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$78.6M	159,828	1.5%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	Netflix, Inc. · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$77.2M	803,210	1.5%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	JPMorgan Chase & Co. · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$73.1M	248,390	1.4%
—	Sanofi Sponsored ADR · SPONSORED ADR CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗ ticker not yet mapped	$72.2M	1,498,990	1.4%
—	Vulcan Materials Company · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗ ticker not yet mapped	$70.5M	258,885	1.4%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	S&P Global, Inc. · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$70.3M	165,390	1.4%
—	Intercontinental Exchange, Inc. · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗ ticker not yet mapped	$68.7M	436,910	1.3%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	Meta Platforms Inc Class A · CL A CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$68.3M	119,340	1.3%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	Sherwin-Williams Company · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$65.1M	203,030	1.3%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	Fastenal Company · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$65.0M	1,400,250	1.3%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	Eaton Corp. Plc · SHS CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$64.8M	181,180	1.3%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	Eli Lilly and Company · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$64.4M	69,981	1.3%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	McDonald's Corporation · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$62.8M	202,205	1.2%
—	Mastercard Incorporated Class A · CL A CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗ ticker not yet mapped	$60.3M	120,740	1.2%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	Coca-Cola Company · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$59.8M	785,813	1.2%
—	Visa Inc. Class A · COM CL A CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗ ticker not yet mapped	$59.2M	195,875	1.2%
—	Aon Plc Class A · SHS CL A CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗ ticker not yet mapped	$58.5M	181,227	1.1%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	Starbucks Corporation · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$57.9M	646,565	1.1%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	Johnson Controls International plc · SHS CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$57.6M	440,030	1.1%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	Texas Instruments Incorporated · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$56.2M	289,437	1.1%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	Palo Alto Networks, Inc. · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$55.2M	344,380	1.1%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	KLA Corporation · COM NEW CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$54.5M	37,005	1.1%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	Stryker Corporation · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$54.1M	164,528	1.1%
—	Cadence Design Systems, Inc. · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗ ticker not yet mapped	$54.0M	194,428	1.1%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	Lam Research Corporation · COM NEW CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$53.8M	251,582	1.1%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	Synopsys, Inc. · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$53.6M	135,202	1.1%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	Advanced Micro Devices, Inc. · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$52.4M	257,476	1.0%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	Alcon AG · ORD SHS CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$51.9M	688,410	1.0%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	Salesforce, Inc. · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$51.4M	275,175	1.0%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	Fortive Corp. · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$49.4M	894,360	1.0%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	Boston Scientific Corporation · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$46.5M	741,274	0.9%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	ServiceNow, Inc. · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$46.4M	443,915	0.9%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	Illinois Tool Works Inc. · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$45.6M	175,280	0.9%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	Cintas Corporation · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$44.0M	260,238	0.9%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	Roper Technologies, Inc. · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$38.8M	109,535	0.8%
—	Snowflake, Inc. Class A · COM SHS CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗ ticker not yet mapped	$36.9M	244,782	0.7%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	Zscaler, Inc. · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$32.0M	227,842	0.6%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	Lattice Semiconductor Corporation · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$31.9M	343,553	0.6%
—	Workday, Inc. Class A · CL A CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗ ticker not yet mapped	$28.2M	217,285	0.6%
—	A. O. Smith Corporation · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗ ticker not yet mapped	$25.4M	385,643	0.5%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	IDEX Corporation · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$25.1M	132,583	0.5%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	Nordson Corporation · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$24.2M	90,975	0.5%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	Teledyne Technologies Incorporated · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$24.1M	39,899	0.5%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	Microchip Technology Incorporated · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$23.9M	370,152	0.5%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	AMETEK, Inc. · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$23.4M	109,358	0.5%
—	Raymond James Financial, Inc. · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗ ticker not yet mapped	$22.4M	154,840	0.4%
—	Globus Medical Inc Class A · CL A CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗ ticker not yet mapped	$21.5M	249,449	0.4%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	Corpay, Inc. · COM SHS CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$20.7M	71,005	0.4%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	RB Global, Inc. · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$20.2M	210,742	0.4%
—	CBRE Group, Inc. Class A · CL A CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗ ticker not yet mapped	$19.4M	143,525	0.4%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	Mettler-Toledo International Inc. · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$19.1M	15,164	0.4%
—	BJ's Wholesale Club Holdings, Inc. · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗ ticker not yet mapped	$19.0M	192,994	0.4%
—	Old Dominion Freight Line, Inc. · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗ ticker not yet mapped	$18.7M	95,605	0.4%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	Adobe Inc. · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$18.4M	75,750	0.4%
—	Westinghouse Air Brake Technologies Corporation · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗ ticker not yet mapped	$18.4M	73,678	0.4%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	TransUnion · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$17.7M	255,258	0.3%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	AptarGroup, Inc. · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$17.6M	139,565	0.3%
—	Service Corporation International · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗ ticker not yet mapped	$17.3M	210,135	0.3%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	STERIS plc · SHS USD CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$17.3M	78,075	0.3%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	L3Harris Technologies Inc · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$17.0M	49,262	0.3%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	Burlington Stores, Inc. · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$16.5M	50,640	0.3%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	PTC Inc. · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$16.0M	112,099	0.3%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	Ulta Beauty Inc. · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$15.6M	29,855	0.3%
—	Paylocity Holding Corp. · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗ ticker not yet mapped	$15.3M	141,893	0.3%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	Verisk Analytics Inc · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$15.1M	79,315	0.3%
—	Hilton Worldwide Holdings Inc. · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗ ticker not yet mapped	$14.9M	49,045	0.3%
—	IQVIA Holdings Inc · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗ ticker not yet mapped	$13.7M	80,426	0.3%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	ResMed Inc. · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$13.5M	60,360	0.3%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	SharkNinja, Inc. · COM SHS CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$13.2M	124,411	0.3%
—	Domino's Pizza, Inc. · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗ ticker not yet mapped	$12.8M	35,715	0.3%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	Viking Holdings Ltd · ORD SHS CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$12.8M	173,925	0.3%
—	Okta, Inc. Class A · CL A CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗ ticker not yet mapped	$12.6M	160,228	0.2%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	Revvity, Inc. · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$12.6M	143,485	0.2%
—	Broadridge Financial Solutions, Inc. · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗ ticker not yet mapped	$12.4M	76,434	0.2%
—	Charles River Laboratories International, Inc. · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗ ticker not yet mapped	$12.4M	71,940	0.2%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	Chipotle Mexican Grill, Inc. · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$12.1M	379,350	0.2%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	Johnson & Johnson · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$12.1M	49,590	0.2%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	CDW Corporation · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$12.0M	99,395	0.2%
—	Veeva Systems Inc Class A · CL A COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗ ticker not yet mapped	$11.9M	67,665	0.2%
—	Hologic, Inc. · COM CUSIP 436440101 quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗ ticker not yet mapped	$11.7M	155,390	0.2%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	Union Pacific Corporation · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$11.5M	47,431	0.2%
—	Republic Services, Inc. · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗ ticker not yet mapped	$11.3M	51,607	0.2%
—	Cooper Companies, Inc. · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗ ticker not yet mapped	$11.3M	157,760	0.2%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	PNC Financial Services Group, Inc. · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$11.0M	52,950	0.2%
—	MongoDB, Inc. Class A · CL A CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗ ticker not yet mapped	$11.0M	44,955	0.2%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	Northern Trust Corporation · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$11.0M	78,816	0.2%
—	Datadog, Inc. Class A · CL A COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗ ticker not yet mapped	$10.9M	92,645	0.2%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	Chevron Corporation · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-04 +34d src ↗	$10.8M	52,430	0.2%

1–20 of the 100 positions on this page

Change kind and share change are in Position changes above; Congress overlap is planned.

One line per issuer, largest first; a row with no issuer key stands on its own line. Open a line for its rows as this filer reported them. The list holds every row this filer reported for the quarter. Issuer totals on the holders pages count each manager's own report once; that never removes a row here. how positions are grouped ↗

Book shape

2026-03-31 · concentration · vs tracked median · tick = median

Top-25 concentration: 47.3%below median 80.0%
Concentration index: 141 bpsbelow median 446 bps
Positions with value: 203 / 203median book 97.5 positions

Concentration uses reported 13F long value, not total assets. The index is withheld when any position lacks a value. Medians are over the 8,748 tracked filers with a 2026-03-31 book; the index median over the 8,662 with a complete book.

holdings whose <value> did not parse — retained and counted, never zero-filled: 0 · share of the period's disclosed value held in the top-N positions; denominator is reported 13F value, not total assets: 47.3% · integer Herfindahl–Hirschman index in basis points over disclosed position values: 141 · QoQ moves: 214

Filing history

AVAILABLE QUARTERS

Available filing periods
Period	Source
2026-03-31	EDGAR ↗

PLANNED sector rotation · Congress overlap · signals for this filer

Complete source filings on SEC EDGAR

The complete filing on EDGAR.

The position list above is served from the published Public Filings build, each position as this filer reported it; where the page cannot embed every reported row, the list says how many it leaves out. This block is provenance, not a substitute: the filing itself is the record, and it is one click away. Public Filings decided on 2026-08-01 to serve this list from its published build; filings newer than this build are on EDGAR.

Open NICHOLAS COMPANY, INC.'s 13F filings on SEC EDGAR ↗

Notes on this data

Reported positions

Quarter-end holdings as filed

Explore the full published position list and its source filing. This record excludes the manager’s cash, shorts and non-13(f) assets.

Share changes

Compare consecutive quarters

Position changes retain the producer’s classification and comparability flags. Share counts and reported values describe different changes.

Coverage

A snapshot, not current holdings

Use the quarter selector to inspect available periods. Unknown values stay unknown and each table states its coverage.

A 13F is a quarterly, long-only snapshot filed up to 45 days late — not current holdings. what a 13F covers ↗

13F reports cover LONG positions in Section 13(f) securities (US exchange-traded equities plus reportable options, warrants, certain convertibles) held by managers with at least $100M in such securities — so managers below that threshold are absent entirely. No short positions, no cash, no non-13(f) assets — not a full portfolio, and not a census of institutional ownership.

Positions are quarter-end snapshots filed up to 45 days late — not current holdings. A position may have been changed or closed before you ever see it, and is older still by however long ago that quarter ended.

Values are the manager's stated market value at quarter-end in era-dependent units (whole dollars for form versions effective 2023-01-03 onward, thousands before), normalized here to whole dollars with unit_basis carried on every record.

Affiliated managers may report the same position (otherManager), so one position can appear under more than one filer.

Positions under confidential treatment may be omitted until a later amendment discloses them.

These are disclosures, not investment advice (ARCHITECTURE.md §5.2 / M2-CONTRACT §5).