UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
Report for the Calendar Year or Quarter Ended:
12-31-2022
Check here if Amendment: ☐ Amendment Number:
This Amendment (Check only one.):☐ is a restatement.
☐ adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:
NICHOLAS COMPANY, INC.
Address:
411 E. WISCONSIN AVE.
SUITE 2100
MILWAUKEE, WI 53202
Form 13F File Number:
028-04359

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.


Person Signing this Report on Behalf of Reporting Manager:
Name:
Jennifer R. Kloehn
Title:
Chief Financial Officer
Phone:
4147556374


Signature, Place, and Date of Signing:

Jennifer R. Kloehn
                         [Signature]
Milwaukee, WISCONSIN
                 [City, State]
02-09-2023
                           [Date]
                          

Report Type (Check only one.):

☒ 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) 

☐ 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) 

☐ 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)


Form 13F Summary Page

Report Summary:

Number of Other Included Managers:
0
Form 13F Information table Entry Total:
218
Form 13F Information table Value Total:
4674632861
          (thousands)

List of Other Included Managers:

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings and list entries.]

  
NONE


UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
A. O. Smith CorporationCOM83186520916,630,567290,541SHSOLE 0 289,571 0
Abbott LaboratoriesCOM0028241009,345,32585,120SHSOLE 0 85,120 0
AbbVie, Inc.COM00287Y1098,061,10749,880SHSOLE 0 49,880 0
Adobe IncorporatedCOM00724F10147,539,910141,265SHSOLE 0 141,265 0
Advanced Micro Devices, Inc.COM00790310735,448,168547,293SHSOLE 0 547,293 0
Air Products and Chemicals, Inc.COM00915810610,164,87432,975SHSOLE 0 32,975 0
Alcon AGORD SHSH0130112841,647,553607,550SHSOLE 0 607,550 0
Alphabet Inc. Class CCAP STK CL C02079K107107,546,0841,212,060SHSOLE 0 1,208,060 0
Altair Engineering Inc. Class ACOM CL A0213691034,139,13491,030SHSOLE 0 91,030 0
Amazon.com, Inc.COM02313510647,825,820569,355SHSOLE 0 569,355 0
Amedisys, Inc.COM0234361085,032,61760,242SHSOLE 0 60,242 0
American Tower CorporationCOM03027X1005,547,55426,185SHSOLE 0 26,185 0
AMETEK, Inc.COM03110010018,440,246131,980SHSOLE 0 128,595 0
Analog Devices, Inc.COM03265410510,571,73464,450SHSOLE 0 61,950 0
Aon Plc Class ASHS CL AG0403H10881,974,237273,120SHSOLE 0 273,120 0
Apple Inc.COM03783310099,067,727762,470SHSOLE 0 762,470 0
AptarGroup, Inc.COM03833610317,301,504157,315SHSOLE 0 154,855 0
Arthur J. Gallagher & Co.COM363576109188,5401,000SHSOLE 0 0 0
Astrazeneca PLC Sponsored ADRSPONSORED ADR0463531088,194,986120,870SHSOLE 0 120,870 0
Atlassian Corp Class ACL A0494681019,422,59373,225SHSOLE 0 73,225 0
AtriCure, Inc.COM04963C2096,323,041142,475SHSOLE 0 142,475 0
Avery Dennison CorporationCOM0536111096,105,13033,730SHSOLE 0 31,730 0
Beacon Roofing Supply, Inc.COM0736851094,111,81377,890SHSOLE 0 77,890 0
BJ's Wholesale Club Holdings, Inc.COM05550J10118,514,611279,846SHSOLE 0 272,061 0
BlackLine, Inc.COM09239B1097,573,929112,590SHSOLE 0 112,590 0
BlackRock, Inc.COM09247X1015,676,1268,010SHSOLE 0 8,010 0
Boston Scientific CorporationCOM10113710751,575,7811,114,670SHSOLE 0 1,114,670 0
Broadcom Inc.COM11135F1018,730,81515,615SHSOLE 0 15,615 0
Broadridge Financial Solutions, Inc.COM11133T10312,486,83293,095SHSOLE 0 90,585 0
BRP Group, Inc. Class ACOM CL A05589G1025,631,737224,015SHSOLE 0 224,015 0
Builders FirstSource, Inc.COM12008R1076,175,21495,179SHSOLE 0 95,179 0
Burlington Stores, Inc.COM12201710611,053,46154,515SHSOLE 0 53,115 0
Cadence Design Systems, Inc.COM12738710830,798,704191,725SHSOLE 0 191,725 0
CarMax, Inc.COM1431301028,549,260140,405SHSOLE 0 136,460 0
Carriage Services Inc.COM1439051073,670,256133,270SHSOLE 0 133,270 0
CBRE Group, Inc. Class ACL A12504L10946,274,894601,285SHSOLE 0 597,010 0
CDW Corp.COM12514G10819,213,422107,590SHSOLE 0 104,555 0
Cedar Fair, L.P.UNIT150185106357,4268,646SHSOLE 0 8,646 0
Charles River Laboratories International, Inc.COM15986410710,832,02749,711SHSOLE 0 49,471 0
Charles Schwab CorpCOM80851310550,474,710606,230SHSOLE 0 601,230 0
Chevron CorporationCOM1667641008,679,23948,355SHSOLE 0 48,355 0
Chipotle Mexican Grill, Inc.COM16965610543,976,49631,695SHSOLE 0 31,570 0
Chubb LimitedCOMH1467J10444,422,222201,370SHSOLE 0 200,210 0
Cintas CorporationCOM17290810563,795,841141,260SHSOLE 0 141,260 0
Cisco Systems, Inc.COM17275R1028,591,398180,340SHSOLE 0 180,340 0
Citizens Financial Group, Inc.COM17461010511,799,071299,697SHSOLE 0 291,642 0
CMS Energy CorporationCOM1258961007,589,151119,835SHSOLE 0 119,835 0
Coca-Cola CompanyCOM1912161009,133,760143,590SHSOLE 0 143,590 0
Cohen & Steers, Inc.COM19247A10011,443,906177,260SHSOLE 0 177,260 0
Comfort Systems USA, Inc.COM1999081048,761,61676,135SHSOLE 0 76,135 0
Community Bank System, Inc.COM2036071064,652,00573,900SHSOLE 0 73,900 0
ConocoPhillipsCOM20825C1044,876,94041,330SHSOLE 0 41,330 0
Constellation Brands, Inc. Class ACL A21036P10861,995,443267,510SHSOLE 0 265,950 0
Construction Partners, Inc. Class ACOM CL A21044C1077,270,836272,418SHSOLE 0 272,418 0
Cooper Companies, Inc.COM NEW21664840214,468,46643,755SHSOLE 0 42,595 0
Copart, Inc.COM21720410647,946,308787,425SHSOLE 0 787,425 0
Costco Wholesale CorporationCOM22160K10548,135,643105,445SHSOLE 0 105,445 0
CrowdStrike Holdings, Inc. Class ACL A22788C10534,165,973324,494SHSOLE 0 324,045 0
CVS Health CorporationCOM1266501008,526,41991,495SHSOLE 0 91,495 0
CyberArk Software Ltd.SHSM2682V10817,720,562136,680SHSOLE 0 134,180 0
Descartes Systems Group Inc.COM2499061088,390,387120,465SHSOLE 0 120,465 0
DexCom, Inc.COM25213110756,511,856499,045SHSOLE 0 499,045 0
Digital Realty Trust, Inc.COM2538681034,113,17641,021SHSOLE 0 41,021 0
Domino's Pizza, Inc.COM25754A20110,353,89629,890SHSOLE 0 29,140 0
Dorman Products, Inc.COM2582781007,171,55288,680SHSOLE 0 88,680 0
DuPont de Nemours, Inc.COM26614N1025,915,22086,190SHSOLE 0 86,190 0
Dynatrace, Inc.COM NEW26815010914,448,598377,248SHSOLE 0 367,098 0
Eaton Corp. PlcSHSG291831036,878,33443,825SHSOLE 0 43,825 0
Elastic NVORD SHSN145061048,439,305163,870SHSOLE 0 159,585 0
Eli Lilly and CompanyCOM53245710841,010,664112,100SHSOLE 0 112,100 0
Enterprise Products Partners L.P.COM29379210744,020,9301,825,080SHSOLE 0 1,825,080 0
ePlus inc.COM2942681075,911,823133,510SHSOLE 0 133,510 0
Equinix, Inc.COM29444U7007,093,97510,830SHSOLE 0 10,830 0
EVERTEC, Inc.COM30040P1036,999,747216,175SHSOLE 0 216,175 0
Evoqua Water Technologies CorpCOM30057T1054,431,517111,907SHSOLE 0 111,907 0
ExlService Holdings, Inc.COM3020811049,689,70257,190SHSOLE 0 54,690 0
Exponent, Inc.COM30214U1027,974,26880,475SHSOLE 0 80,475 0
Fastenal CompanyCOM31190010459,238,9621,251,880SHSOLE 0 1,245,650 0
Fidelity National Information Services, Inc.COM31620M1066,906,112101,785SHSOLE 0 101,785 0
First Horizon CorporationCOM3205171053,942,785160,930SHSOLE 0 160,930 0
Fiserv, Inc.COM33773810849,899,270493,710SHSOLE 0 493,710 0
FLEETCOR Technologies, Inc.COM33904110512,571,97868,445SHSOLE 0 66,655 0
Fortive Corp.COM34959J10857,782,595899,340SHSOLE 0 893,610 0
Gartner, Inc.COM36665110717,049,02150,720SHSOLE 0 49,365 0
Genuine Parts CompanyCOM3724601054,193,73724,170SHSOLE 0 24,170 0
Glacier Bancorp, Inc.COM37637Q1055,768,302116,720SHSOLE 0 116,720 0
Global Payments Inc.COM37940X10237,722,928379,812SHSOLE 0 379,812 0
Globus Medical Inc Class ACL A37957720816,129,959217,180SHSOLE 0 211,325 0
Grid Dynamics Holdings, Inc. Class ACL A39813G1093,332,901297,050SHSOLE 0 297,050 0
GSK plc Sponsored ADRSPONSORED ADR37733W2046,192,547176,225SHSOLE 0 176,225 0
Hologic, Inc.COM43644010110,708,677143,145SHSOLE 0 139,465 0
Home Depot, Inc.COM43707610287,696,950277,645SHSOLE 0 276,245 0
Honeywell International Inc.COM43851610664,048,913298,875SHSOLE 0 298,875 0
i3 Verticals, Inc. Class ACOM CL A46571Y1078,114,713333,390SHSOLE 0 333,390 0
IAA, Inc.COM44925310316,976,400424,410SHSOLE 0 417,735 0
ICF International, Inc.COM44925C1038,835,26089,200SHSOLE 0 89,200 0
IDEX CorporationCOM45167R10416,203,43870,965SHSOLE 0 70,615 0
Illinois Tool Works Inc.COM45230810948,757,898221,325SHSOLE 0 221,325 0
InMode Ltd.SHSM5425M1037,560,011211,765SHSOLE 0 211,765 0
Insulet CorporationCOM45784P10114,491,64249,226SHSOLE 0 48,226 0
Intercontinental Exchange, Inc.COM45866F10440,705,147396,775SHSOLE 0 396,775 0
International Business Machines CorporationCOM4592001018,302,64858,930SHSOLE 0 58,930 0
IQVIA Holdings IncCOM46266C10516,104,55978,601SHSOLE 0 76,501 0
J & J Snack Foods Corp.COM4660321096,884,41445,985SHSOLE 0 45,985 0
Jack Henry & Associates, Inc.COM42628110114,829,02784,467SHSOLE 0 82,567 0
Johnson & JohnsonCOM47816010451,007,688288,750SHSOLE 0 288,750 0
JPMorgan Chase & Co.COM46625H10051,289,227382,470SHSOLE 0 382,470 0
Juniper Networks, Inc.COM48203R1048,049,765251,870SHSOLE 0 251,870 0
KAR Auction Services, Inc.COM48238T1095,691,627436,140SHSOLE 0 436,140 0
KLA CorporationCOM NEW48248010040,523,184107,480SHSOLE 0 107,480 0
Knight-Swift Transportation Holdings Inc. Class ACL A4990491048,713,949166,265SHSOLE 0 166,265 0
L3Harris Technologies IncCOM50243110912,840,31161,670SHSOLE 0 61,470 0
Laboratory Corporation of America HoldingsCOM NEW50540R40943,773,377185,890SHSOLE 0 184,390 0
Lam Research CorporationCOM51280710829,120,48669,285SHSOLE 0 69,285 0
Lamb Weston Holdings, Inc.COM51327210421,009,966235,116SHSOLE 0 231,646 0
Lattice Semiconductor CorporationCOM5184151046,475,34899,805SHSOLE 0 99,805 0
La-Z-Boy IncorporatedCOM5053361075,334,517233,765SHSOLE 0 233,765 0
Lennox International Inc.COM52610710711,223,47546,915SHSOLE 0 45,710 0
Leslie's, Inc.COM52706410964,4695,280SHSOLE 0 5,280 0
Lincoln Electric Holdings, Inc.COM5339001066,478,20944,835SHSOLE 0 44,835 0
LivaNova PlcSHSG5509L1018,992,093161,903SHSOLE 0 161,073 0
Lockheed Martin CorporationCOM5398301093,918,6778,055SHSOLE 0 8,055 0
M.D.C. Holdings, Inc.COM5526761082,782,06488,040SHSOLE 0 88,040 0
Marten Transport, Ltd.COM5730751086,990,489353,412SHSOLE 0 353,412 0
Mastercard Incorporated Class ACL A57636Q10469,097,428198,710SHSOLE 0 198,710 0
McDonald's CorporationCOM58013510131,121,575118,095SHSOLE 0 118,095 0
Medtronic PlcSHSG5960L10347,911,660616,465SHSOLE 0 616,465 0
Merck & Co., Inc.COM58933Y10548,705,053438,982SHSOLE 0 438,982 0
Mettler-Toledo International Inc.COM59268810517,576,67212,160SHSOLE 0 12,100 0
Microchip Technology IncorporatedCOM59501710425,362,709361,035SHSOLE 0 354,930 0
Microsoft CorporationCOM594918104149,467,815623,250SHSOLE 0 623,250 0
Model N, Inc.COM60752510210,067,154248,204SHSOLE 0 248,204 0
Mondelez International, Inc. Class ACL A60920710543,295,840649,600SHSOLE 0 649,600 0
Morningstar, Inc.COM6177001095,700,64926,320SHSOLE 0 26,320 0
Murphy USA, Inc.COM6267551022,930,97710,485SHSOLE 0 10,485 0
Newell Brands IncCOM6512291064,149,695317,255SHSOLE 0 317,255 0
NexPoint Residential Trust, Inc.COM65341D1024,832,678111,045SHSOLE 0 111,045 0
NextEra Energy, Inc.COM65339F1018,129,26497,240SHSOLE 0 97,240 0
Nomad Foods Ltd.USD ORD SHSG6564A1055,468,442317,195SHSOLE 0 317,195 0
Nordson CorporationCOM65566310218,684,79278,600SHSOLE 0 78,200 0
Northern Trust CorporationCOM66585910419,954,495225,500SHSOLE 0 221,830 0
NuVasive, Inc.COM6707041055,192,322125,905SHSOLE 0 125,905 0
NVIDIA CorporationCOM67066G10438,790,671265,435SHSOLE 0 265,435 0
Okta, Inc. Class ACL A67929510512,048,971176,335SHSOLE 0 168,720 0
Old Dominion Freight Line, Inc.COM67958010016,029,31356,485SHSOLE 0 54,890 0
Ollie's Bargain Outlet Holdings IncCOM6811161093,719,33079,405SHSOLE 0 79,405 0
Omnicell, Inc.COM68213N1094,974,43798,660SHSOLE 0 98,660 0
Onto Innovation, Inc.COM6833441055,571,87381,831SHSOLE 0 81,831 0
O'Reilly Automotive, Inc.COM67103H107102,259,299121,156SHSOLE 0 120,321 0
Pacira Biosciences, Inc.COM6951271005,510,033142,710SHSOLE 0 142,710 0
Palo Alto Networks, Inc.COM69743510552,808,215378,445SHSOLE 0 375,355 0
Papa John's International, Inc.COM6988131024,230,32251,395SHSOLE 0 51,395 0
Paylocity Holding Corp.COM70438V10621,314,207109,720SHSOLE 0 107,680 0
PerkinElmer, Inc.COM71404610914,175,541101,095SHSOLE 0 99,895 0
Perrigo Co. PlcSHSG978221037,037,710206,445SHSOLE 0 206,445 0
Petco Health & Wellness Company, Inc. Class ACOM71601V1054,857,884512,435SHSOLE 0 512,435 0
Philip Morris International Inc.COM7181721095,455,21953,900SHSOLE 0 53,900 0
Pinnacle Financial Partners, Inc.COM72346Q1044,677,04863,720SHSOLE 0 63,720 0
PNC Financial Services Group, Inc.COM6934751058,403,98753,210SHSOLE 0 53,210 0
Pool CorporationCOM73278L1055,073,09716,780SHSOLE 0 16,780 0
Power Integrations, Inc.COM73927610320,785,890289,820SHSOLE 0 285,105 0
Prestige Consumer Healthcare IncCOM74112D10110,144,956162,060SHSOLE 0 162,060 0
Procter & Gamble CompanyCOM7427181098,169,08453,900SHSOLE 0 53,900 0
PTC Inc.COM69370C10015,577,591129,770SHSOLE 0 126,120 0
Q2 Holdings, Inc.COM74736L1095,461,999203,275SHSOLE 0 203,275 0
Qualys, Inc.COM74758T3036,842,77560,971SHSOLE 0 60,971 0
Raymond James Financial, Inc.COM75473010921,185,577198,274SHSOLE 0 194,229 0
Repay Holdings Corp. Class ACOM CL A76029L1004,788,704594,870SHSOLE 0 594,870 0
Republic Services, Inc.COM76075910016,317,880126,505SHSOLE 0 122,765 0
ResMed Inc.COM76115210713,993,62167,235SHSOLE 0 65,510 0
Ritchie Bros. Auctioneers IncorporatedCOM7677441057,855,627135,840SHSOLE 0 135,840 0
Roper Technologies, Inc.COM77669610634,714,11180,340SHSOLE 0 80,340 0
S&P Global, Inc.COM78409V10455,415,823165,450SHSOLE 0 165,450 0
Salesforce, Inc.COM79466L30233,258,213250,835SHSOLE 0 250,835 0
Service Corporation InternationalCOM81756510418,004,747260,410SHSOLE 0 253,710 0
ServiceNow, Inc.COM81762P10235,243,26890,770SHSOLE 0 90,770 0
Sherwin-Williams CompanyCOM82434810639,705,309167,300SHSOLE 0 167,300 0
Shift4 Payments, Inc. Class ACL A82452J1096,437,823115,105SHSOLE 0 115,105 0
Skyworks Solutions, Inc.COM83088M10243,617,096478,625SHSOLE 0 474,995 0
Smith & Nephew plc Sponsored ADRADR NEW83175M2054,060,793151,015SHSOLE 0 151,015 0
SPS Commerce, Inc.COM78463M1077,323,07957,020SHSOLE 0 57,020 0
STAAR Surgical CompanyCOM PAR $0.018523123055,505,650113,425SHSOLE 0 113,425 0
Starbucks CorporationCOM85524410944,829,472451,910SHSOLE 0 451,910 0
STERIS PlcSHS USDG8473T10015,796,53685,530SHSOLE 0 83,230 0
Stevanato Group SpAORD SHST9224W10914,912,638829,863SHSOLE 0 814,613 0
Syneos Health, Inc. Class ACL A87166B1024,184,638114,085SHSOLE 0 114,085 0
Synopsys, Inc.COM87160710747,130,397147,610SHSOLE 0 147,610 0
Sysco CorporationCOM8718291078,634,263112,940SHSOLE 0 112,940 0
Target CorporationCOM87612E1065,931,04739,795SHSOLE 0 39,795 0
Teledyne Technologies IncorporatedCOM87936010512,579,16931,455SHSOLE 0 31,300 0
Tenable Holdings, Inc.COM88025T1025,372,665140,830SHSOLE 0 140,830 0
Tetra Tech, Inc.COM88162G1036,619,21245,590SHSOLE 0 45,590 0
Texas Instruments IncorporatedCOM88250810442,823,372259,190SHSOLE 0 259,190 0
Thermo Fisher Scientific Inc.COM88355610274,449,433135,193SHSOLE 0 134,948 0
TJX Companies IncCOM87254010971,599,404899,490SHSOLE 0 899,490 0
Trade Desk, Inc. Class ACOM CL A88339J1059,387,402209,400SHSOLE 0 209,400 0
TransUnionCOM89400J10714,137,560249,120SHSOLE 0 242,655 0
Travel Plus Leisure Co.COM8941641022,389,47865,645SHSOLE 0 65,645 0
Truist Financial CorporationCOM89832Q10931,317,234727,800SHSOLE 0 727,800 0
Twilio, Inc. Class ACL A90138F1028,096,858165,377SHSOLE 0 160,917 0
UFP Technologies, Inc.COM9026731023,914,65533,206SHSOLE 0 33,206 0
Ulta Beauty Inc.COM90384S30380,712,875172,070SHSOLE 0 170,630 0
UnitedHealth Group IncorporatedCOM91324P10258,993,129111,270SHSOLE 0 111,270 0
Varonis Systems, Inc.COM9222801024,266,587178,220SHSOLE 0 178,220 0
Veeva Systems Inc Class ACL A COM92247510811,796,87873,100SHSOLE 0 72,735 0
Verisk Analytics IncCOM92345Y10619,087,762108,195SHSOLE 0 105,435 0
Verizon Communications Inc.COM92343V1045,537,473140,545SHSOLE 0 140,545 0
Visa Inc. Class ACOM CL A92826C83955,299,479266,170SHSOLE 0 266,170 0
Vulcan Materials CompanyCOM92916010944,741,481255,505SHSOLE 0 253,035 0
W. P. Carey Inc.COM92936U1096,833,04587,435SHSOLE 0 87,435 0
W.W. Grainger, Inc.COM3848021044,205,2507,560SHSOLE 0 7,560 0
Webster Financial CorporationCOM94789010917,268,685364,780SHSOLE 0 358,645 0
WEC Energy Group IncCOM92939U1065,573,56359,445SHSOLE 0 59,445 0
Wendy's CompanyCOM95058W1009,673,080427,445SHSOLE 0 421,035 0
Westinghouse Air Brake Technologies CorporationCOM92974010818,761,984187,977SHSOLE 0 183,097 0
Williams Companies, Inc.COM969457100668,79120,328SHSOLE 0 20,328 0
WNS (Holdings) Limited Sponsored ADRSPON ADR92932M1019,301,637116,285SHSOLE 0 113,285 0
Workday, Inc. Class ACL A98138H10158,054,307346,945SHSOLE 0 346,945 0