NICSX Performance — Nicholas Fund, Inc., Nicholas Fund Inc.
Data updated: 2026-09-22
NICSX returned +5.54% year to date and +6.35% over one year to Jul 2026. Annualised returns are +12.09% over 3 years and +9.50% over 5 years. The fund trailed its US Large Growth category average: $100 invested three years ago grew to $141, against $166 for the category, and to $106 over one year, against $111. Volatility over the past three years was 13.26% a year. In the 12 months to Jul 2026 the fund lost a net $282.6M, and assets reached $3.99B.
NICSX Growth of $100
What $100 invested in Nicholas Fund, Inc. grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Large Growth category average over the same months.
| Period | NICSX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $106 | $111 |
| 3 years (Jul 2023 – Jul 2026) | $141 | $166 |
| 5 years (Jul 2021 – Jul 2026) | $157 | $157 |
| Since data start (Jul 2019 – Jul 2026) | $232 | $258 |
NICSX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +5.54% |
| 1 year | +6.35% |
| 3 years (annualised) | +12.09% |
| 5 years (annualised) | +9.50% |
NICSX Annual Returns
Calendar-year total returns of Nicholas Fund, Inc., compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +5.53% |
| 2025 (Jan–Dec) | +3.60% |
| 2024 | +16.70% |
| 2023 | +34.23% |
| 2022 | −18.13% |
| 2021 | +26.58% |
| 2020 | +18.91% |
| 2019 (Jul–Dec) | +9.86% |
NICSX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −0.1% | −2.8% | −5.4% | +9.2% | +3.8% | −0.9% | +2.2% | — | — | — | — | — |
| 2025 | +4.4% | −2.3% | −5.9% | +0.1% | +3.8% | +3.1% | — | +0.8% | −0.4% | +1.8% | −0.8% | −0.6% |
| 2024 | +2.9% | +4.5% | +2.2% | −4.7% | +1.7% | +4.2% | +0.1% | +3.4% | +0.7% | −1.2% | +6.8% | −4.4% |
| 2023 | +6.5% | −1.7% | +4.5% | +2.1% | +3.0% | +5.8% | +2.3% | −0.3% | −4.8% | −1.6% | +10.7% | +4.2% |
| 2022 | −6.4% | −4.1% | +3.7% | −8.6% | −0.7% | −7.0% | +9.8% | −4.4% | −8.4% | +7.5% | +6.3% | −5.2% |
| 2021 | −2.4% | +3.0% | +3.4% | +5.6% | −0.1% | +2.8% | +4.0% | +2.8% | −4.5% | +7.0% | −1.3% | +4.1% |
| 2020 | +1.5% | −7.4% | −13.4% | +13.0% | +5.6% | +0.7% | +5.8% | +6.3% | −2.6% | −2.7% | +10.4% | +3.4% |
| 2019 | — | — | — | — | — | — | +1.7% | −1.1% | +0.8% | +2.1% | +3.2% | +2.8% |
NICSX Risk
Risk measures from monthly returns over Jul 2023 – Jul 2026.
- 3-year volatility (annualised): 13.26%
- 3-year Sharpe ratio: 0.57 (vs 4.5% risk-free rate)
- Best month: +10.74% (Nov 2023)
- Worst month: −5.93% (Mar 2025)
NICSX Fund Flows
Monthly money in and out of Nicholas Fund, Inc., from SEC Form N-PORT.
- 12-month net flow: −$282.6M
- 12-month gross sales (incl. reinvestments): $155.5M
- Sales ÷ redemptions: 0.35×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $1.2M | $27.1M | −$25.9M |
| Jun 2026 | $2.2M | $29.4M | −$27.2M |
| May 2026 | $1.8M | $38.5M | −$36.7M |
| Apr 2026 | $2.4M | $43.9M | −$41.5M |
| Mar 2026 | $1.6M | $30.2M | −$28.6M |
| Feb 2026 | $1.3M | $37.4M | −$36.1M |
| Jan 2026 | $2.7M | $53.5M | −$50.8M |
| Dec 2025 | $133.1M | $52.5M | $80.6M |
| Nov 2025 | $1.8M | $29.0M | −$27.2M |
| Oct 2025 | $3.1M | $38.0M | −$35.0M |
| Sep 2025 | $2.4M | $27.0M | −$24.6M |
| Aug 2025 | $2.0M | $31.7M | −$29.6M |
NICSX Assets Under Management
Net assets of Nicholas Fund, Inc. by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $3.99B |
| 2026-04-30 | $3.88B |
| 2026-01-31 | $3.97B |
| 2025-10-31 | $4.18B |
| 2025-06-30 | $4.17B |
| 2025-03-31 | $3.99B |
| 2024-12-31 | $4.23B |
| 2024-09-30 | $4.27B |
| 2024-06-28 | $4.15B |
| 2024-03-31 | $4.18B |
| 2023-12-31 | $3.84B |
| 2023-09-30 | $3.43B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.