David L. Johnson, CFA

Executive Vice President, Separate Account Portfolio Manager
Industry experience: 54 years
Nicholas Company Tenure: 41 years


Dave Johnson joined Nicholas Company in 1980 as a portfolio manager for separately managed accounts. Dave is responsible for private client portfolios serving high net worth individuals, pension funds, foundations and endowments. He is a seasoned investment manager offering significant experience in guiding clients during challenging markets in pursuit of their financial objectives.


Dave started his career in 1967, after completing two years of military service, with the Milwaukee Company working as a research analyst and later as the portfolio manager for the Audax Fund, a small-company growth fund. He joined Heritage Investment Advisors in 1973, as a research analyst and private account portfolio manager.


Dave earned his B.B.A. and M.B.A. from the University of Wisconsin at Madison. He has earned the right to use the CFA designation and is a member of the CFA Society Milwaukee.




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

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