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:
06-30-2022
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]
07-26-2022
                           [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:
225
Form 13F Information table Value Total:
4578799
          (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 CorporationCOM83186520916,152295,391SHSOLE289,581 0 5,810
Abbott LaboratoriesCOM0028241007,71671,015SHSOLE71,015 0 0
AbbVie, Inc.COM00287Y1097,63549,850SHSOLE49,850 0 0
Adobe IncorporatedCOM00724F10142,446115,955SHSOLE115,955 0 0
Advanced Micro Devices, Inc.COM00790310731,415410,813SHSOLE410,813 0 0
Air Products and Chemicals, Inc.COM00915810632,028133,185SHSOLE133,185 0 0
Alcon AGORD SHSH0130112842,467607,620SHSOLE607,620 0 0
Alphabet Inc. Class CCAP STK CL C02079K107115,45452,780SHSOLE52,580 0 200
Amazon.com, Inc.COM02313510662,900592,220SHSOLE592,220 0 0
Amedisys, Inc.COM0234361083,16530,112SHSOLE30,112 0 0
AMETEK, Inc.COM03110010014,503131,980SHSOLE128,595 0 3,385
Analog Devices, Inc.COM0326541059,85667,465SHSOLE64,965 0 2,500
Aon Plc Class ASHS CL AG0403H10873,666273,160SHSOLE273,160 0 0
Apple Inc.COM037833100117,515859,530SHSOLE859,530 0 0
Aptargroup, Inc.COM03833610316,231157,260SHSOLE154,800 0 2,460
Arthur J. Gallagher & Co.COM3635761091631,000SHSOLE 0 0 1,000
Astrazeneca PLC Sponsored ADRSPONSORED ADR0463531084,66070,530SHSOLE70,530 0 0
AtriCure, Inc.COM04963C2095,907144,575SHSOLE144,575 0 0
Avery Dennison CorporationCOM0536111096,34139,175SHSOLE36,775 0 2,400
AZEK Co., Inc. Class ACL A05478C10588652,900SHSOLE52,900 0 0
Beacon Roofing Supply, Inc.COM0736851095,444105,995SHSOLE105,995 0 0
Best Buy Co., Inc.COM0865161011,21618,660SHSOLE18,660 0 0
BJ's Wholesale Club Holdings, Inc.COM05550J10117,714284,246SHSOLE276,461 0 7,785
BlackLine, Inc.COM09239B1097,001105,125SHSOLE105,125 0 0
BlackRock, Inc.COM09247X1014,8788,010SHSOLE8,010 0 0
Blackstone Inc.COM09260D1071461,600SHSOLE 0 0 1,600
Boston Scientific CorporationCOM10113710741,5531,114,920SHSOLE1,114,920 0 0
Broadcom Inc.COM11135F1017,58615,615SHSOLE15,615 0 0
Broadridge Financial Solutions, Inc.COM11133T10316,326114,530SHSOLE111,500 0 3,030
BRP Group, Inc. Class ACOM CL A05589G1021,80174,590SHSOLE74,590 0 0
Builders FirstSource, Inc.COM12008R1075,10795,104SHSOLE95,104 0 0
Burlington Stores, Inc.COM1220171068,29060,850SHSOLE59,270 0 1,580
Cadence Design Systems, Inc.COM12738710837,752251,630SHSOLE251,630 0 0
CarMax, Inc.COM14313010212,668140,010SHSOLE136,345 0 3,665
Carriage Services Inc.COM1439051075,284133,270SHSOLE133,270 0 0
CBRE Group, Inc. Class ACL A12504L10939,847541,325SHSOLE537,050 0 4,275
CDW Corp.COM12514G10816,940107,515SHSOLE104,505 0 3,010
Cedar Fair, L.P.DEPOSITORY UNIT1501851063808,646SHSOLE8,646 0 0
Charles River Laboratories International, Inc.COM15986410710,85950,751SHSOLE49,471 0 1,280
Charles Schwab CorpCOM80851310538,312606,395SHSOLE601,395 0 5,000
Chevron CorporationCOM1667641009,47765,460SHSOLE65,460 0 0
Chipotle Mexican Grill, Inc.COM1696561056,3994,895SHSOLE4,770 0 125
Chubb LimitedCOMH1467J10441,416210,685SHSOLE209,525 0 1,160
Cintas CorporationCOM17290810568,154182,460SHSOLE182,460 0 0
Cisco Systems, Inc.COM17275R1027,690180,340SHSOLE180,340 0 0
Citizens Financial Group, Inc.COM17461010510,696299,697SHSOLE291,642 0 8,055
CMS Energy CorporationCOM1258961006,05289,655SHSOLE89,655 0 0
Coca-Cola CompanyCOM1912161009,029143,515SHSOLE143,515 0 0
Cohen & Steers, Inc.COM19247A10011,272177,260SHSOLE177,260 0 0
Comfort Systems USA, Inc.COM1999081046,32776,090SHSOLE76,090 0 0
Community Bank System, Inc.COM2036071063,59156,750SHSOLE56,750 0 0
ConocoPhillipsCOM20825C1046,56073,040SHSOLE73,040 0 0
Constellation Brands, Inc. Class ACL A21036P10862,349267,525SHSOLE265,965 0 1,560
Construction Partners, Inc. Class ACOM CL A21044C1076,939331,388SHSOLE331,388 0 0
Cooper Companies, Inc.COM NEW21664840212,10838,670SHSOLE37,680 0 990
Copart, Inc.COM21720410642,787393,765SHSOLE393,765 0 0
Costco Wholesale CorporationCOM22160K10550,552105,475SHSOLE105,475 0 0
CrowdStrike Holdings, Inc. Class ACL A22788C10540,406239,714SHSOLE237,520 0 2,194
CVS Health CorporationCOM1266501008,47291,435SHSOLE91,435 0 0
CyberArk Software Ltd.SHSM2682V10817,488136,670SHSOLE134,170 0 2,500
Descartes Systems Group Inc.COM2499061087,476120,460SHSOLE120,460 0 0
DexCom, Inc.COM25213110734,202458,900SHSOLE458,900 0 0
Digital Realty Trust, Inc.COM2538681035,32441,011SHSOLE41,011 0 0
Dominion Energy IncCOM25746U1096,47181,080SHSOLE81,080 0 0
Domino's Pizza, Inc.COM25754A20111,64329,875SHSOLE29,135 0 740
Dorman Products, Inc.COM2582781009,70488,455SHSOLE88,455 0 0
DuPont de Nemours, Inc.COM26614N1027,026126,415SHSOLE126,415 0 0
Dynatrace, Inc.COM NEW2681501095,993151,958SHSOLE148,853 0 3,105
Eaton Corp. PlcSHSG291831035,52243,825SHSOLE43,825 0 0
Elastic NVORD SHSN1450610410,664157,590SHSOLE153,410 0 4,180
Eli Lilly and CompanyCOM53245710837,770116,490SHSOLE116,490 0 0
Enterprise Products Partners L.P.COM29379210744,4771,825,080SHSOLE1,825,080 0 0
ePlus inc.COM2942681077,087133,420SHSOLE133,420 0 0
Equinix, Inc.COM29444U7007,34511,180SHSOLE10,830 0 350
EVERTEC, Inc.COM30040P1037,973216,175SHSOLE216,175 0 0
ExlService Holdings, Inc.COM30208110410,74272,910SHSOLE70,410 0 2,500
Exponent, Inc.COM30214U1027,36080,465SHSOLE80,465 0 0
Fastenal CompanyCOM31190010462,5041,252,075SHSOLE1,245,845 0 6,230
Fidelity National Information Services, Inc.COM31620M1066,46470,510SHSOLE70,510 0 0
First Horizon CorporationCOM3205171058,374383,077SHSOLE378,117 0 4,960
Fiserv, Inc.COM33773810861,814694,770SHSOLE694,770 0 0
FLEETCOR Technologies, Inc.COM33904110514,37268,400SHSOLE66,625 0 1,775
Fortive Corp.COM34959J10847,522873,895SHSOLE868,345 0 5,550
Fortune Brands Home & Security, Inc.COM34964C1069,216153,910SHSOLE149,185 0 4,725
Gartner, Inc.COM36665110712,26650,720SHSOLE49,365 0 1,355
Genuine Parts CompanyCOM3724601054,55334,230SHSOLE34,230 0 0
Glacier Bancorp, Inc.COM37637Q1055,535116,720SHSOLE116,720 0 0
Global Payments Inc.COM37940X10229,738268,782SHSOLE268,782 0 0
Globus Medical Inc Class ACL A37957720811,262200,605SHSOLE195,280 0 5,325
Graco Inc.COM38410910411,696196,875SHSOLE191,870 0 5,005
Grid Dynamics Holdings, Inc. Class ACL A39813G1094,680278,225SHSOLE278,225 0 0
Hologic, Inc.COM4364401019,920143,145SHSOLE139,465 0 3,680
Home Depot, Inc.COM43707610276,154277,660SHSOLE276,260 0 1,400
Honeywell International Inc.COM43851610651,950298,890SHSOLE298,890 0 0
i3 Verticals, Inc. Class ACOM CL A46571Y1078,342333,420SHSOLE333,420 0 0
IAA, Inc.COM44925310313,405409,050SHSOLE404,350 0 4,700
ICF International, Inc.COM44925C1038,47889,245SHSOLE89,245 0 0
IDEX CorporationCOM45167R10412,88470,935SHSOLE70,605 0 330
Illinois Tool Works Inc.COM45230810931,668173,760SHSOLE173,760 0 0
InMode Ltd.SHSM5425M1034,745211,715SHSOLE211,715 0 0
Insulet CorporationCOM45784P10111,42252,411SHSOLE51,411 0 1,000
Intercontinental Exchange, Inc.COM45866F10442,974456,975SHSOLE456,975 0 0
International Business Machines CorporationCOM4592001018,31858,915SHSOLE58,915 0 0
Intuitive Surgical, Inc.COM NEW46120E60297485SHSOLE485 0 0
IQVIA Holdings IncCOM46266C10517,05678,601SHSOLE76,501 0 2,100
J & J Snack Foods Corp.COM4660321096,42245,985SHSOLE45,985 0 0
Jack Henry & Associates, Inc.COM42628110115,20684,467SHSOLE82,567 0 1,900
Johnson & JohnsonCOM47816010451,270288,830SHSOLE288,830 0 0
JPMorgan Chase & Co.COM46625H10043,080382,555SHSOLE382,555 0 0
Juniper Networks, Inc.COM48203R1047,177251,830SHSOLE251,830 0 0
KAR Auction Services, Inc.COM48238T1096,442436,140SHSOLE436,140 0 0
KLA CorporationCOM NEW48248010034,315107,545SHSOLE107,545 0 0
Knight-Swift Transportation Holdings Inc. Class ACL A4990491047,688166,075SHSOLE166,075 0 0
L3Harris Technologies IncCOM50243110916,24167,195SHSOLE66,995 0 200
Laboratory Corporation of America HoldingsCOM NEW50540R40943,577185,940SHSOLE184,440 0 1,500
Lam Research CorporationCOM51280710829,53469,305SHSOLE69,305 0 0
Lamb Weston Holdings, Inc.COM51327210418,138253,826SHSOLE250,266 0 3,560
Lattice Semiconductor CorporationCOM5184151044,84099,795SHSOLE99,795 0 0
La-Z-Boy IncorporatedCOM5053361075,541233,705SHSOLE233,705 0 0
Lennox International Inc.COM5261071079,68746,890SHSOLE45,685 0 1,205
Leslie's, Inc.COM527064109805,280SHSOLE5,280 0 0
Lincoln Electric Holdings, Inc.COM5339001065,52944,820SHSOLE44,820 0 0
LivaNova PlcSHSG5509L10110,219163,583SHSOLE161,073 0 2,510
Lockheed Martin CorporationCOM5398301096,28014,605SHSOLE14,605 0 0
M.D.C. Holdings, Inc.COM5526761083,498108,260SHSOLE108,260 0 0
Marten Transport, Ltd.COM5730751087,517446,892SHSOLE446,892 0 0
Mastercard Incorporated Class ACL A57636Q10462,705198,760SHSOLE198,760 0 0
McDonald's CorporationCOM58013510144,631180,780SHSOLE180,780 0 0
Medtronic PlcSHSG5960L10355,323616,415SHSOLE616,415 0 0
Merck & Co., Inc.COM58933Y10549,255540,252SHSOLE540,252 0 0
Meta Platforms Inc. Class ACL A30303M10236,568226,780SHSOLE226,780 0 0
Mettler-Toledo International Inc.COM59268810513,96912,160SHSOLE12,100 0 60
Microchip Technology IncorporatedCOM59501710420,955360,800SHSOLE354,750 0 6,050
Microsoft CorporationCOM594918104160,099623,365SHSOLE623,365 0 0
Model N, Inc.COM6075251027,752303,044SHSOLE303,044 0 0
Mondelez International, Inc. Class ACL A60920710540,346649,800SHSOLE649,800 0 0
Morningstar, Inc.COM6177001096,36526,320SHSOLE26,320 0 0
Murphy USA, Inc.COM6267551025,30122,765SHSOLE22,765 0 0
Newell Brands IncCOM6512291066,041317,255SHSOLE317,255 0 0
NexPoint Residential Trust, Inc.COM65341D1025,87894,040SHSOLE94,040 0 0
NextEra Energy, Inc.COM65339F1017,52997,200SHSOLE97,200 0 0
Nomad Foods Ltd.USD ORD SHSG6564A1056,082304,235SHSOLE304,235 0 0
Nordson CorporationCOM65566310215,89978,535SHSOLE78,155 0 380
Northern Trust CorporationCOM66585910421,756225,500SHSOLE221,830 0 3,670
NuVasive, Inc.COM6707041055,613114,185SHSOLE114,185 0 0
NVIDIA CorporationCOM67066G10440,246265,490SHSOLE265,490 0 0
Okta, Inc. Class ACL A67929510510,609117,355SHSOLE114,265 0 3,090
Old Dominion Freight Line, Inc.COM67958010014,65957,200SHSOLE57,000 0 200
Ollie's Bargain Outlet Holdings IncCOM6811161094,66379,365SHSOLE79,365 0 0
Omnicell, Inc.COM68213N1098,64576,000SHSOLE76,000 0 0
Onto Innovation, Inc.COM6833441055,70781,831SHSOLE81,831 0 0
O'Reilly Automotive, Inc.COM67103H10795,557151,256SHSOLE150,331 0 925
Pacira Biosciences, Inc.COM6951271008,320142,710SHSOLE142,710 0 0
Palo Alto Networks, Inc.COM69743510570,033141,785SHSOLE140,755 0 1,030
Patrick Industries, Inc.COM7033431034,66389,955SHSOLE89,955 0 0
Paylocity Holding Corp.COM70438V10622,007126,170SHSOLE123,830 0 2,340
PerkinElmer, Inc.COM71404610914,371101,045SHSOLE99,885 0 1,160
Petco Health & Wellness Company, Inc. Class ACOM71601V1057,375500,315SHSOLE500,315 0 0
Philip Morris International Inc.COM7181721095,32153,890SHSOLE53,890 0 0
Pinnacle Financial Partners, Inc.COM72346Q1043,79352,460SHSOLE52,460 0 0
PNC Financial Services Group, Inc.COM6934751058,39153,185SHSOLE53,185 0 0
Pool CorporationCOM73278L1055,89416,780SHSOLE16,780 0 0
Power Integrations, Inc.COM73927610320,520273,565SHSOLE271,075 0 2,490
PPG Industries, Inc.COM69350610714,585127,555SHSOLE127,555 0 0
Prestige Consumer Healthcare IncCOM74112D1019,541162,255SHSOLE162,255 0 0
Procter & Gamble CompanyCOM7427181097,75053,900SHSOLE53,900 0 0
PTC Inc.COM69370C10013,800129,770SHSOLE126,120 0 3,650
Q2 Holdings, Inc.COM74736L1095,364139,075SHSOLE139,075 0 0
Qualys, Inc.COM74758T3037,68660,936SHSOLE60,936 0 0
QuidelOrtho CorporationCOM2197981054,19643,175SHSOLE43,175 0 0
Rapid7 Inc.COM7534221044,94874,065SHSOLE74,065 0 0
Raymond James Financial, Inc.COM75473010920,833233,004SHSOLE228,959 0 4,045
Repay Holdings Corp. Class ACOM CL A76029L1006,041470,129SHSOLE470,129 0 0
Republic Services, Inc.COM76075910017,100130,665SHSOLE126,925 0 3,740
ResMed Inc.COM76115210713,93966,495SHSOLE65,500 0 995
Ritchie Bros. Auctioneers IncorporatedCOM76774410510,548162,125SHSOLE162,125 0 0
Roper Technologies, Inc.COM77669610631,71080,350SHSOLE80,350 0 0
S&P Global, Inc.COM78409V10455,777165,480SHSOLE165,480 0 0
Salesforce, Inc.COM79466L30245,812277,580SHSOLE277,580 0 0
Semtech CorporationCOM8168501015,797105,455SHSOLE105,455 0 0
Service Corporation InternationalCOM81756510417,987260,225SHSOLE253,600 0 6,625
ServiceNow, Inc.COM81762P10241,23286,710SHSOLE86,710 0 0
Skyworks Solutions, Inc.COM83088M10243,342467,850SHSOLE464,640 0 3,210
Smith & Nephew PLC Sponsored ADRSPDN ADR NEW83175M2056,796243,419SHSOLE243,419 0 0
SPS Commerce, Inc.COM78463M1076,44657,020SHSOLE57,020 0 0
STAAR Surgical CompanyCOM PAR $0.018523123057,449105,025SHSOLE105,025 0 0
Stanley Black & Decker, Inc.COM8545021014,01438,280SHSOLE38,280 0 0
Starbucks CorporationCOM85524410934,523451,935SHSOLE451,935 0 0
STERIS PlcSHS USDG8473T10017,63285,530SHSOLE83,230 0 2,300
Stevanato Group SpAORD SHST9224W1099,637609,525SHSOLE594,275 0 15,250
Syneos Health, Inc. Class ACL A87166B1028,178114,085SHSOLE114,085 0 0
Synopsys, Inc.COM87160710744,841147,650SHSOLE147,650 0 0
Sysco CorporationCOM87182910710,410122,895SHSOLE122,895 0 0
Tandem Diabetes Care, Inc.COM NEW8753722032,80447,380SHSOLE47,380 0 0
Target CorporationCOM87612E1065,62039,795SHSOLE39,795 0 0
Teledyne Technologies IncorporatedCOM87936010511,79531,445SHSOLE31,300 0 145
Teleflex IncorporatedCOM8793691069,73839,608SHSOLE39,418 0 190
Tenable Holdings, Inc.COM88025T1025,846128,735SHSOLE128,735 0 0
Tetra Tech, Inc.COM88162G1036,22545,590SHSOLE45,590 0 0
Texas Instruments IncorporatedCOM88250810447,114306,630SHSOLE306,630 0 0
Thermo Fisher Scientific Inc.COM88355610273,459135,213SHSOLE134,968 0 245
TJX Companies IncCOM87254010954,240971,170SHSOLE971,170 0 0
TransUnionCOM89400J10719,904248,825SHSOLE242,545 0 6,280
Travel Plus Leisure Co.COM8941641025,669146,035SHSOLE146,035 0 0
Truist Financial CorporationCOM89832Q10934,527727,950SHSOLE727,950 0 0
Twilio, Inc. Class ACL A90138F1028,14397,157SHSOLE94,872 0 2,285
UFP Technologies, Inc.COM9026731026,71884,425SHSOLE84,425 0 0
Ulta Beauty IncCOM90384S30370,144181,965SHSOLE180,525 0 1,440
UnitedHealth Group IncorporatedCOM91324P10257,164111,295SHSOLE111,295 0 0
Varonis Systems, Inc.COM9222801024,865165,935SHSOLE165,935 0 0
Veeva Systems Inc Class ACL A COM92247510811,32357,175SHSOLE55,700 0 1,475
Verisk Analytics IncCOM92345Y10618,727108,195SHSOLE105,435 0 2,760
Verizon Communications Inc.COM92343V1047,132140,525SHSOLE140,525 0 0
Visa Inc. Class ACOM CL A92826C83982,075416,855SHSOLE416,855 0 0
Vulcan Materials CompanyCOM92916010914,17899,775SHSOLE97,305 0 2,470
W. P. Carey Inc.COM92936U1098,705105,055SHSOLE105,055 0 0
W.W. Grainger, Inc.COM3848021045,26211,580SHSOLE11,580 0 0
Webster Financial CorporationCOM94789010916,295386,605SHSOLE385,830 0 775
WEC Energy Group IncCOM92939U1063,44534,235SHSOLE34,235 0 0
Wendy's CompanyCOM95058W1007,968422,035SHSOLE420,830 0 1,205
Westinghouse Air Brake Technologies CorporationCOM92974010815,423187,907SHSOLE183,082 0 4,825
Williams Companies, Inc.COM96945710063420,328SHSOLE20,328 0 0
WNS (Holdings) Limited Sponsored ADRSPON ADR92932M1018,889119,085SHSOLE116,085 0 3,000
Workday, Inc. Class ACL A98138H10131,627226,585SHSOLE226,585 0 0
Zendesk, Inc.COM98936J1017,943107,235SHSOLE104,720 0 2,515