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 and Nicholas Limited Edition, while serving as co-manager for 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.

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. 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.