Nicollet Investment Management Inc.: Portfolio Changes in Q2 2026
This report details the significant stock purchases and sales observed by Nicollet Investment Management Inc. during the second quarter of 2026.
As reported for the period ending June 30, 2026, Nicollet Investment Management Inc. has shown activity in its portfolio holdings. The firm manages a total portfolio value of $323,860 during this quarter.
\nThe most notable change involves the addition of new positions and adjustments to existing ones:
- New Position: Nicollet Investment Management Inc. established a position in Spdr Portfolio S&P 500 Equal Weight ETF (SPLG), acquiring 2,300 shares.
- Position Increase: The investor significantly increased its stake in Devon Energy Corp. (DVN) by adding 24,043 shares and also boosted holdings in Fastenal Company (FAST) with a purchase of 75,901 shares.
In addition to these new additions, the firm made notable adjustments elsewhere:
- Significant Reduction: There was a substantial decrease in holdings for Alphabet Inc. Class A (GOOGL), with shares reduced by 1,675 (-2.67%) during the quarter.
These changes reflect a dynamic investment strategy focused on specific sectors and opportunities within the market:
- The addition of SPLG, an ETF, suggests interest in broad market exposure.
- Technology Focus: Despite the reduction in GOOGL and other adjustments noted later, the portfolio remains heavily weighted towards Technology stocks like AAPL, NVDA, MSFT, PYPL, NOW, FIS, and MRNA.
- The increase in energy sector holdings via DVN indicates a potential strategic move into that area.
Furthermore, Nicollet Investment Management Inc. demonstrated its active management style by initiating new positions:
- New Initiations: The investor added exposure to SCHWAB U.S. Mid Cap ETF (SCHM) and Spdr Portfolio S&P 500 Equal Weight ETF (SPLG), suggesting a focus on mid-cap stocks or specific market cap tilts.
The overall portfolio allocation shows Technology as the largest sector, followed by Communication Services. The exact changes in holdings for all positions are not fully detailed here, but these key movements provide insight into the investor's actions during Q2 2026.