Chief Executive Officer, President, Chief Investment Officer and Portfolio Manager
Industry experience: 42 years
Nicholas Company Tenure: 39 years
Lead Portfolio Manager - Nicholas Fund, Inc., Nicholas II, Inc., Nicholas Limited Edition, Inc. and Nicholas Equity Income Fund, Inc.
Dave Nicholas joined Nicholas Company as an investment analyst in 1986. He serves in a leadership position for the company as CEO and President, while primarily focusing his efforts day-to-day on investments as a Portfolio Manager and the Chief Investment Officer. Dave has developed his philosophy and skills over the past thirty years under the guidance of the long-held investment philosophy and process developed by Albert O. Nicholas, the founder of Nicholas Company. This opportunity has allowed Dave to gain a deep experience and knowledge analyzing companies and the equity markets.
Dave’s approach is aligned with the Nicholas core investment philosophy and process, while adjusting it to meet the characteristics of various capitalization growth companies. Core elements to the philosophy include identifying companies with secular growth capabilities, consistent earnings growth, strong balance sheets and solid management teams. Dave also shares a preference for non-consensus strategies when market opportunities arise.
Dave is the lead portfolio manager of Nicholas Fund, Nicholas II, Nicholas Limited Edition and Nicholas Equity Income Fund. As Chief Investment Officer he guides the firm’s investment process and the investment team on a day-to-day basis.
Dave earned a B.B.A. in Finance from the University of Wisconsin-Madison and completed his M.S. in Finance at the University of Wisconsin-Milwaukee, where he is a member of the University’s Business School Advisory Board. He has earned the right to use the CFA designation and is a member of the CFA Society Milwaukee.
Senior Research Analyst and Co Portfolio Manager
Industry experience: 19 years
Co Portfolio Manager - Nicholas Equity Income Fund, Inc.
Paul joined Nicholas Company in September 2023 as a senior research analyst. Paul is focused on stocks of all market capitalizations with a particular emphasis on the consumer discretionary and staples sectors. Effective July 2024, Paul serves as associate portfolio manager of Nicholas Equity Income Fund.
Previously, Paul was a senior research analyst at Nuveen in Minneapolis, MN. During his tenure, he spent over 4 years covering the small cap consumer discretionary and staples sectors. Prior to that, he covered consumer staples and materials in the mid- and large-cap space. Paul has also served as an equity oversight analyst at Nuveen. Prior to his tenure at Nuveen, Paul had 6 years of experience in the investment consulting industry with Mercer Investment Consulting and Aon Hewitt.
Paul earned a B.S. in Business Management from Northeastern Illinois University, and an M.B.A. with an emphasis in Financial Analysis and M.S.F. from DePaul University.
The Nicholas Funds are offered only to United States residents, and information on this site is intended only for such persons. Nothing on this web site should be considered a solicitation to buy or an offer to sell shares of any Nicholas Fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.
Please refer to each prospectus for important information about each investment company, including investment objectives, risks, charges and expenses.
Mutual fund investing involves risk; principal loss is possible. Small- and medium-capitalization companies tend to have limited liquidity and greater price volatility than large-capitalization companies. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investment by the Funds in lower-rated and non-rated securities presents a greater risk of loss to principal and interest than higher-rated securities.
Past performance does not guarantee future results.
Diversification does not assure a profit nor protect against loss in a declining market.
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Nicholas Funds are distributed by Quasar Distributors, LLC
