Institutional Manager · CIK 0001729847

Nikulski Financial, Inc.

BETTENDORF, IA · File #028-18302

Latest AUM

$418.3M

Positions

166

Top-10 Concentration

44.9%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
REDUCE	VANGUARD SPECIALIZED FUNDS	921908844	-21,836	-$4.8M	+$405,374
REDUCE	GOLDMAN SACHS ETF TR	NVGLF	-27,809	-$3.7M	+$176,497
REDUCE	INVESCO EXCHANGE TRADED FD T	IVZ	-47,284	-$3.5M	+$260,584
ADD	INVESCO EXCH TRADED FD TR II	IVZ	+62,383	+$3.5M	+$158,708
REDUCE	INVESCO QQQ TR	IVZ	-5,372	-$3.3M	+$261,724
ADD	VANECK ETF TRUST	92189F676	+8,137	+$2.9M	+$131,106
ADD	NETFLIX INC	NFLX	+28,753	+$2.7M	-$615,574
NEW	GLOBAL X FDS	37960A529	+40,900	+$2.7M	$0
ADD	INVESCO EXCHANGE TRADED FD T	IVZ	+18,491	+$2.6M	+$16,838
ADD	MICROSOFT CORP	MSFT	+5,251	+$2.5M	-$787,760

Sector Allocation

Technology

19.0%$79.6M

Financials

11.2%$47.0M

Consumer Discretionary

7.5%$31.6M

4.5%$18.7M

3.0%$12.6M

2.8%$11.9M

2.0%$8.4M

Communication Services

1.1%$4.5M

Consumer Staples

1.1%$4.4M

Energy

0.3%$1.3M

Filing History

Jan 15, 202613F HOLDINGS REPORTQ/E Dec 2025166 pos · $418.3M
Nov 5, 202513F HOLDINGS REPORTQ/E Sep 2025153 pos · $398.0M
Aug 15, 202513F HOLDINGS REPORTQ/E Jun 2025144 pos · $365.2M
May 1, 202513F HOLDINGS REPORTQ/E Mar 2025137 pos · $330.8M
Jan 21, 202513F HOLDINGS REPORTQ/E Dec 2024133 pos · $340.2M
Oct 28, 202413F HOLDINGS REPORTQ/E Sep 2024132 pos · $334.1M
Jul 30, 202413F HOLDINGS REPORTQ/E Jun 2024128 pos · $314.3M
Apr 18, 202413F HOLDINGS REPORTQ/E Mar 2024131 pos · $301.5M
Oct 17, 202313F HOLDINGS REPORTQ/E Dec 2023125 pos · $241.7M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	APPLE INC	AAPL	82,969	$22.6M	7.09%
2	ALPHABET INC	GOOG	57,788	$18.1M	5.69%
3	VANGUARD SPECIALIZED FUNDS	921908844	81,954	$18.0M	5.66%
4	AMAZON COM INC	AMZN	76,562	$17.7M	5.56%
5	MICROSOFT CORP	MSFT	28,197	$13.6M	4.29%
6	NVIDIA CORPORATION	NVDA	66,284	$12.4M	3.89%
7	COSTCO WHSL CORP NEW	22160K105	13,824	$11.9M	3.75%
8	JPMORGAN CHASE & CO.	VYLD	33,684	$10.9M	3.41%
9	ABBVIE INC	ABBV	38,524	$8.8M	2.77%
10	PALO ALTO NETWORKS INC	PANW	47,585	$8.8M	2.76%
11	INVESCO QQQ TR	IVZ	13,465	$8.3M	2.60%
12	INVESCO EXCHANGE TRADED FD T	IVZ	100,765	$7.6M	2.38%
13	GOLDMAN SACHS ETF TR	NVGLF	56,601	$7.5M	2.36%
14	ISHARES TR	464287804	62,242	$7.5M	2.35%
15	LAM RESEARCH CORP	LRCX	41,818	$7.2M	2.25%
16	VANGUARD INDEX FDS	922908629	23,661	$6.9M	2.16%
17	CONSTELLATION ENERGY CORP	CEG	19,280	$6.8M	2.14%
18	INVESCO EXCH TRADED FD TR II	IVZ	117,436	$6.5M	2.05%
19	VISA INC	V	16,040	$5.6M	1.77%
20	BROADCOM INC	AVGO	15,654	$5.4M	1.70%