UNITES STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2000
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: 700 North Water Street
Suite 1010
Milwaukee, WI 53202
Form 13F File Number: 28-1226
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 therein is true,
correct and complete, and that it is understood that all required items,
statements, schedules, list, and tables, are considered integral parts of
this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Jeffrey T. May
Title: Senior Vice President and Treasurer
Phone: 414-272-4650
Signature, Place, and Date of Signing:
/s/ Jeffrey T. May Milwaukee, WI 5/12/000
[Signature] [City, State] [Date]
Report Type (check only one.):
[x] 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).)
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NICHOLAS COMPANY, INC.
Item 2: Item 4: Item 5:
Item 1: Title Item 3: Fair Market Shares Investment Item 8:
Name of of CUSIP Value or Principal Discretion Voting Authority
Issuer Class Number (thousands) Amount (a)Sole (a)Sole (b)Shared (c)None
- ----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
ADC TelecommunicationsCOM 000886101 154,896 2,875,100 SH 2,875,100 179,100 2,696,000
Abbott Laboratories COM 002824100 66,918 1,901,760 SH 1,901,760 51,760 1,850,000
Alamosa PCS Holdings, COM 011593100 3,020 80,000 SH 80,000 0 80,000
Albertson's, Inc. COM 013104104 946 30,500 SH 30,500 30,500 0
American General CorpoCOM 026351106 2,739 48,800 SH 48,800 41,800 7,000
American Home ProductsCOM 026609107 70,377 1,312,400 SH 1,312,400 13,400 1,299,000
American InternationalCOM 026874107 88 802 SH 802 802 0
Anaren Microwave, Inc.COM 032744104 3,356 35,000 SH 35,000 0 35,000
Andrew Corporation COM 034425108 6,291 275,000 SH 275,000 0 275,000
Aon Corporation COM 037389103 645 20,000 SH 20,000 0 20,000
Apple Computer, Inc. COM 037833100 15,836 116,600 SH 116,600 29,600 87,000
ArrowPoint CommunicatiCOM 042810101 889 7,500 SH 7,500 0 7,500
Artesyn Technologies, COM 043127109 36,462 1,925,400 SH 1,925,400 337,000 1,588,400
Asia Satellite TelecomSPONSORED ADR 04516X106 5,694 140,800 SH 140,800 0 140,800
Assisted Living ConcepSUB DB CV 6%02 04543LAD1 1,028 1,750,000 PRN 1,750,000 0 1,750,000
Associated Banc-Corp COM 045487105 1,008 33,748 SH 33,748 33,748 0
Atlantic Richfield ComCOM 048825103 85 1,000 SH 1,000 1,000 0
Automatic Data ProcessCOM 053015103 29,249 606,200 SH 606,200 6,200 600,000
AutoZone, Inc. COM 053332102 2,439 87,900 SH 87,900 87,900 0
Bando McGlocklin CapitCOM 060003100 151 18,150 SH 18,150 18,150 0
Berkshire Hathaway IncCL A 084670108 112,055 1,959 SH 1,959 0 1,959
BioChem Pharma Inc. COM 09058T108 7,523 340,000 SH 340,000 0 340,000
Biogen, Inc. COM 090597105 6,988 100,000 SH 100,000 0 100,000
Biomet, Inc. COM 090613100 21,279 585,000 SH 585,000 130,000 455,000
Boston Scientific CorpCOM 101137107 64,061 3,005,800 SH 3,005,800 235,800 2,770,000
Braun Consulting, Inc.COM 105651103 1,440 45,000 SH 45,000 0 45,000
Brooks Automation, IncCOM 11434A100 14,063 225,000 SH 225,000 0 225,000
Brown & Brown, Inc. COM 115236101 11,488 296,950 SH 296,950 166,950 130,000
Business Objects S.A. SPONSORED ADR 12328X107 3,483 35,000 SH 35,000 0 35,000
CBS Corporation COM 12490K107 51,342 906,700 SH 906,700 1,700 905,000
C.H. Robinson WorldwidCOM 12541W100 5,431 145,800 SH 145,800 80,800 65,000
CVS Corporation COM 126650100 155,746 4,146,306 SH 4,146,306 191,358 3,954,948
Cardinal Health, Inc. COM 14149Y108 104,795 2,284,370 SH 2,284,370 171,477 2,112,893
Cedar Fair, L.P. DEPOSITRY UNIT 150185106 477 24,000 SH 24,000 24,000 0
Cincinnati Financial CCOM 172062101 220 5,856 SH 5,856 5,856 0
Cisco Systems, Inc. COM 17275R102 46,388 600,000 SH 600,000 0 600,000
Cintas Corporation COM 172908105 145,720 3,718,536 SH 3,718,536 209,286 3,509,250
Citigroup Inc. COM 172967101 103,975 1,753,000 SH 1,753,000 0 1,753,000
Citrix Systems, Inc. COM 177376100 21,366 322,500 SH 322,500 0 322,500
Clear Channel CommunicCOM 184502102 97,762 1,415,565 SH 1,415,565 74,100 1,341,465
Commerce Bancorp, Inc.COM 200519106 3,691 99,750 SH 99,750 0 99,750
Community First BankshCOM 203902101 3,304 206,500 SH 206,500 0 206,500
Compaq Computer CorporCOM 204493100 49,256 1,850,000 SH 1,850,000 50,000 1,800,000
Computer Sciences CorpCOM 205363104 33,628 425,000 SH 425,000 0 425,000
Concord CommunicationsCOM 206186108 1,351 38,000 SH 38,000 0 38,000
Concord EFS, Inc. COM 206197105 21,590 941,250 SH 941,250 170,000 771,250
CONMED Corporation COM 207410101 7,393 295,000 SH 295,000 0 295,000
Correctional PropertieCOM 22025E104 516 44,850 SH 44,850 0 44,850
Crescent Real Estate ECOM 225756105 175 10,000 SH 10,000 10,000 0
DBT Online, Inc. COM 233044106 16,880 909,350 SH 909,350 3,000 906,350
Dean Foods Company COM 242361103 952 35,600 SH 35,600 35,600 0
Diamond Technology ParCL A 252762109 658 10,000 SH 10,000 0 10,000
Walt Disney Company (TCOM 254687106 89,945 2,173,900 SH 2,173,900 73,900 2,100,000
go.com COM 254687205 6,471 310,000 SH 310,000 0 310,000
Dollar General CorporaCOM 256669102 538 20,000 SH 20,000 0 20,000
Dover Downs EntertainmCOM 260086103 1,270 99,580 SH 99,580 0 99,580
EMC Corporation COM 268648102 25,000 200,000 SH 200,000 0 200,000
Elan Corporation, plc ADR 284131208 125,609 2,644,400 SH 2,644,400 0 2,644,400
Electronic Data SystemCOM 285661104 46,209 719,900 SH 719,900 19,900 700,000
Emeritus Corporation-CSDCV144A 6.25%06291005AA4 5,181 8,781,000 PRN 8,781,000 0 8,781,000
Emmis Communications CCL A 291525103 3,943 84,800 SH 84,800 0 84,800
Entercom CommunicationCL A 293639100 3,672 72,000 SH 72,000 0 72,000
Entrust Technologies ICOM 293848107 5,955 70,000 SH 70,000 0 70,000
Expeditors InternationCOM 302130109 19,120 481,000 SH 481,000 81,000 400,000
Fastenal Company COM 311900104 106,508 2,224,700 SH 2,224,700 135,700 2,089,000
Freddie Mac COM 313400301 98,149 2,221,192 SH 2,221,192 55,992 2,165,200
Fannie Mae COM 313586109 45 800 SH 800 800 0
Fifth Third Bancorp COM 316773100 84,320 1,338,414 SH 1,338,414 112,572 1,225,842
Firstar Corporation COM 33763V109 19,692 858,500 SH 858,500 82,300 776,200
Fiserv, Inc. COM 337738108 38,483 1,034,825 SH 1,034,825 209,200 825,625
Firstmerit CorporationCOM 337915102 1,770 96,000 SH 96,000 96,000 0
Fleet Boston FinancialCOM 339030108 73 2,000 SH 2,000 2,000 0
Forest Laboratories, ICOM 345838106 27,919 330,400 SH 330,400 0 330,400
G & K Services, Inc. -CL A 361268105 12,241 626,212 SH 626,212 53,000 573,212
GTE Corporation COM 362320103 37,254 524,700 SH 524,700 15,700 509,000
GT Group Telecom Inc. CL B 362359408 209 10,000 SH 10,000 0 10,000
Gateway, Inc. COM 367626108 23,850 450,000 SH 450,000 0 450,000
General Motors CorporaCOM 370442105 828 10,000 SH 10,000 0 10,000
General Motors CorporaCL H NEW 370442832 181,807 1,460,300 SH 1,460,300 84,400 1,375,900
Genuine Parts Company COM 372460105 899 37,650 SH 37,650 22,650 15,000
Glacier Water Trust I PFD A 376398202 4,141 265,000 SH 265,000 0 265,000
Global TeleSystems GroCOM 37936U104 43,142 2,104,500 SH 2,104,500 124,500 1,980,000
Grainger (W.W.), Inc. COM 384802104 87 1,600 SH 1,600 1,600 0
Guidant Corporation COM 401698105 81,014 1,377,500 SH 1,377,500 1,000 1,376,500
Harley-Davidson, Inc. COM 412822108 61,659 776,800 SH 776,800 14,800 762,000
Harris Corporation COM 413875105 20,029 579,500 SH 579,500 159,500 420,000
Health Management AssoCL A 421933102 109,837 7,707,838 SH 7,707,838 614,718 7,093,120
Healthcare Realty TrusCOM 421946104 2,010 120,000 SH 120,000 0 120,000
Heartland Express, IncCOM 422347104 1,086 78,247 SH 78,247 78,247 0
Hewlett-Packard CompanCOM 428236103 56,670 427,500 SH 427,500 2,500 425,000
Home Depot, Inc. (The)COM 437076102 45,343 702,998 SH 702,998 38,198 664,800
HomeFed Corporation COM 43739D208 487 760,625 SH 760,625 0 760,625
Homestead Savings - CNPFD A CV $2.95 437843204 5 5,000 SH 5,000 0 5,000
Household InternationaCOM 441815107 1,112 29,800 SH 29,800 13,800 16,000
IMS Health IncorporateCOM 449934108 15,162 895,200 SH 895,200 195,200 700,000
ISS Group, Inc. COM 450306105 5,243 45,000 SH 45,000 0 45,000
ITC/\DeltaCom, Inc. COM 45031T104 3,919 110,000 SH 110,000 0 110,000
Inforte Corp. COM 45677R107 1,960 40,000 SH 40,000 0 40,000
Integral Systems, Inc.COM 45810H107 6,525 145,000 SH 145,000 0 145,000
Intel Corporation COM 458140100 109,046 826,500 SH 826,500 16,000 810,500
Interim Services Inc. COM 45868P100 2,640 142,222 SH 142,222 0 142,222
International BusinessCOMM 459200101 55,519 470,500 SH 470,500 20,500 450,000
International SpeedwayCL A 460335201 17,783 395,736 SH 395,736 0 395,736
International SpeedwayCL B 460335300 4,500 100,000 SH 100,000 0 100,000
Interpublic Group of CCOM 460690100 662 14,000 SH 14,000 0 14,000
InvestorsBancorp COM 461833105 23 3,756 SH 3,756 3,756 0
Keane, Inc. COM 486665102 23,533 932,000 SH 932,000 164,000 768,000
Knight Transportation,COM 499064103 6,357 363,251 SH 363,251 113,001 250,250
Kohl's Corporation COM 500255104 99,209 967,890 SH 967,890 11,390 956,500
Lamar Advertising CompCL A 512815101 8,286 182,100 SH 182,100 62,100 120,000
Landauer, Inc. COM 51476K103 730 40,000 SH 40,000 10,000 30,000
Leggett & Platt, IncorCOM 524660107 585 27,200 SH 27,200 27,200 0
Eli Lilly and Company COM 532457108 55,560 881,900 SH 881,900 6,900 875,000
Lucent Technologies InCOM 549463107 18,225 300,000 SH 300,000 0 300,000
MGIC Investment CorporCOM 552848103 70 1,600 SH 1,600 1,600 0
Manor Care, Inc. COM 564055101 20,222 1,497,950 SH 1,497,950 24,200 1,473,750
Marsh & McLennan CompaCOM 571748102 993 9,000 SH 9,000 6,000 3,000
Marshall & Ilsley CorpCOM 571834100 164,825 2,854,113 SH 2,854,113 103,850 2,750,263
MatrixOne, Inc. COM 57685P304 1,198 30,000 SH 30,000 0 30,000
McDonald's CorporationCOM 580135101 57,110 1,520,388 SH 1,520,388 20,388 1,500,000
Medallion Financial CoCOM 583928106 5,296 315,000 SH 315,000 0 315,000
Medtronic, Inc. COM 585055106 54,432 1,058,210 SH 1,058,210 34,414 1,023,796
Mercury General CorporCOM 589400100 128,183 4,345,192 SH 4,345,192 92,792 4,252,400
Merrill Lynch & Co., ICOM 590188108 73,752 702,400 SH 702,400 2,400 700,000
Microsoft Corporation COM 594918104 84,926 799,300 SH 799,300 24,300 775,000
Microchip Technology ICOM 595017104 4,603 70,000 SH 70,000 0 70,000
Monsanto Company COM 611662107 21,115 410,000 SH 410,000 34,900 375,100
Morgan Stanley Dean WiCOM NEW 617446448 57,232 701,700 SH 701,700 13,700 688,000
Motorola, Inc. COM 620076109 123,585 868,028 SH 868,028 18,028 850,000
Mutual Risk ManagementCOM 628351108 3,487 174,342 SH 174,342 174,342 0
National City BancorpoCOM 635312101 3,213 221,580 SH 221,580 0 221,580
National Commerce BancCOM 635449101 13,450 727,000 SH 727,000 247,000 480,000
National Health RealtyCOM 635905102 5,767 709,828 SH 709,828 28,000 681,828
National Health InvestCOM 63633D104 22,394 1,875,900 SH 1,875,900 55,400 1,820,500
National HealthCare CoCOM 636906100 5,825 1,109,452 SH 1,109,452 10,000 1,099,452
Nationwide Financial SCL A 638612101 22,353 764,200 SH 764,200 294,200 470,000
Nextel Partners, Inc. CL A 65333F107 5,075 175,000 SH 175,000 0 175,000
Nokia OYJ SPONSORED ADR 654902204 34,760 160,000 SH 160,000 0 160,000
Nortel Networks CorporCOM 656569100 50,400 400,000 SH 400,000 0 400,000
NOVA Corporation COM 669784100 6,116 210,000 SH 210,000 0 210,000
OTG Software, Inc. COM 671059103 1,411 35,000 SH 35,000 0 35,000
Omnicare, Inc. COM 681904108 2,135 177,000 SH 177,000 177,000 0
Oracle Corporation COM 68389X105 23,419 300,000 SH 300,000 0 300,000
O'Reilly Automotive, ICOM 686091109 19,176 1,351,600 SH 1,351,600 321,600 1,030,000
Osteotech, Inc. COM 688582105 3,676 274,838 SH 274,838 0 274,838
Outback Steakhouse, InCOM 689899102 6,413 200,000 SH 200,000 0 200,000
PIMCO Advisors HoldingUT LTD PART INT 69338P102 3,831 100,000 SH 100,000 100,000 0
PSS World Medical, IncCOM 69366A100 13,129 1,936,125 SH 1,936,125 355,500 1,580,625
PanAmSat Corporation COM 697933109 19,704 401,600 SH 401,600 79,100 322,500
Patterson Dental CompaCOM 703412106 14,170 370,450 SH 370,450 67,300 303,150
Paychex, Inc. COM 704326107 16,498 315,000 SH 315,000 0 315,000
PepsiCo, Inc. COM 713448108 28 800 SH 800 800 0
Pharmacia & Upjohn, InCOM 716941109 770 13,000 SH 13,000 0 13,000
Pfizer Inc. COM 717081103 44,606 1,220,000 SH 1,220,000 0 1,220,000
Pitney Bowes Inc. COM 724479100 447 10,000 SH 10,000 0 10,000
Plantronics, Inc. COM 727493108 7,455 80,000 SH 80,000 0 80,000
Plexus Corp. COM 729132100 5,330 80,000 SH 80,000 0 80,000
Predictive Systems, InCOM 74036W102 7,062 155,000 SH 155,000 0 155,000
Progressive CorporatioCOM 743315103 122 1,600 SH 1,600 1,600 0
Protective Life CorporCOM 743674103 129,783 4,087,640 SH 4,087,640 320,640 3,767,000
Proxicom, Inc. COM 744282104 6,647 150,000 SH 150,000 0 150,000
QUALCOMM Incorporated COM 747525103 22,397 150,000 SH 150,000 0 150,000
Qwest Communications ICOM 749121109 117,934 2,431,626 SH 2,431,626 150,154 2,281,472
RPM, Inc. COM 749685103 4,910 446,329 SH 446,329 366,329 80,000
Rational Software CorpCOM NEW 75409P202 28,458 372,000 SH 372,000 2,000 370,000
Reckson Associates ReaCOM 75621K106 1,014 54,100 SH 54,100 54,100 0
Reckson Associates ReaPFD CV SER A% 75621K205 388 20,500 SH 20,500 0 20,500
REMEC, Inc. COM 759543101 2,525 50,000 SH 50,000 0 50,000
Renal Care Group, Inc.COM 759930100 30,867 1,423,250 SH 1,423,250 237,000 1,186,250
Res-Care, Inc. COM 760943100 3,424 365,250 SH 365,250 0 365,250
Sagent Technology, IncCOM 786693101 2,017 70,000 SH 70,000 0 70,000
Salem Communications CCL A 794093104 2,793 234,000 SH 234,000 6,000 228,000
ServiceMaster Company COM 81760N109 79,833 7,096,250 SH 7,096,250 454,250 6,642,000
Shire Pharmaceuticals SPONSORED ADR 82481R106 6,919 135,000 SH 135,000 0 135,000
Sonoco Products CompanCOM 835495102 331 14,091 SH 14,091 14,091 0
Sprint Corporation COM FON GROUP 852061100 65,470 1,039,200 SH 1,039,200 39,200 1,000,000
Sprint Corp. (PCS GrouPCS COM SER 1 852061506 19,594 300,000 SH 300,000 0 300,000
Stryker Corporation COM 863667101 90,074 1,291,390 SH 1,291,390 38,390 1,253,000
Sun Microsystems, Inc.COM 866810104 51,068 545,000 SH 545,000 0 545,000
SunGard(R) Data SystemCOM 867363103 10,966 290,500 SH 290,500 125,500 165,000
Sybron International CCOM 87114F106 146,212 5,041,800 SH 5,041,800 263,100 4,778,700
TESSCO Technologies InCOM 872386107 5,894 287,500 SH 287,500 50,500 237,000
Tekelec COM 879101103 2,599 70,000 SH 70,000 0 70,000
Telaxis CommunicationsCOM 879202109 601 10,000 SH 10,000 0 10,000
Tellabs, Inc. COM 879664100 83,417 1,324,400 SH 1,324,400 84,400 1,240,000
Texas Instruments IncoCOM 882508104 400 200,000 SH 200,000 0 200,000
Thermo Electron CorporCOM 883556102 35,186 1,726,925 SH 1,726,925 225,100 1,501,825
Thermo Instrument SystCOM 883559106 14,371 682,300 SH 682,300 39,200 643,100
Thermo BioAnalysis CorCOM 88355H108 14,904 538,300 SH 538,300 0 538,300
Thermo Optek CorporatiCOM 883582108 5,594 376,100 SH 376,100 0 376,100
ThermoQuest CorporatioCOM 883655102 7,839 468,000 SH 468,000 0 468,000
Thermedics Inc. COM 883901100 3,686 450,200 SH 450,200 187,000 263,200
Time Warner Inc. COM 887315109 62,500 625,000 SH 625,000 0 625,000
Time Warner Telecom InCL A 887319101 1,988 25,000 SH 25,000 0 25,000
Tootsie Roll IndustrieCOM 890516107 4,083 129,623 SH 129,623 119,323 10,300
Turnstone Systems, IncCOM 900423104 575 5,000 SH 5,000 0 5,000
USA Networks, Inc. COM 902984103 95,836 4,247,600 SH 4,247,600 237,600 4,010,000
U.S. Foodservice COM 90331R101 4,506 175,000 SH 175,000 175,000 0
Universal Access, Inc.COM 913363107 570 17,000 SH 17,000 0 17,000
Valspar Corporation (TCOM 920355104 70,802 1,848,000 SH 1,848,000 155,400 1,692,600
VERITAS Software CorpoCOM 923436109 31,113 237,500 SH 237,500 0 237,500
Vulcan Materials CompaCOM 929160109 92,637 2,022,100 SH 2,022,100 56,100 1,966,000
Waddell & Reed FinanciCL A 930059100 5,166 122,100 SH 122,100 92,100 30,000
Walgreen Co. COM 931422109 64,270 2,495,912 SH 2,495,912 95,912 2,400,000
Watson PharmaceuticalsCOM 942683103 84,994 2,141,593 SH 2,141,593 155,500 1,986,093
Wells Fargo & Company COM 949746101 778 19,000 SH 19,000 19,000 0
Wisconsin Energy CorpoCOM 976657106 498 25,000 SH 25,000 0 25,000
Xircom, Inc. COM 983922105 2,775 75,000 SH 75,000 0 75,000
Zebra Technologies CorCL A 989207105 7,500 150,000 SH 150,000 0 150,000
FLAG Telecom Holdings COM G3529L102 2,217 98,000 SH 98,000 0 98,000
Loral Space & CommunicCOM G56462107 28,546 2,802,100 SH 2,802,100 245,000 2,557,100
RenaissanceRe HoldingsCOM G7496G103 327 8,000 SH 8,000 0 8,000
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6,065,713
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Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 212
Form 13F Information Table Value Total (thousands): $6,065,713
List of Other Included Managers: NONE
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.
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