Advanced Drainage Systems, Inc.
MX ˙ BMV ˙ US00790R1041
SecurityMX:WMS / Advanced Drainage Systems, Inc.
InstitutionNicolet Advisory Services, Llc
Latest Disclosed Ownership5,570 shares
Latest Disclosed Value $ 873,305
Nicolet Advisory Services, Llc reports 1.97% decrease in ownership of WMS / Advanced Drainage Systems, Inc.

On February 13, 2026 - Nicolet Advisory Services, Llc filed a 13F-HR form disclosing ownership of 5,570 shares of Advanced Drainage Systems, Inc. (MX:WMS) valued at $873,305 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 13, 2025 disclosing 5,682 shares of Advanced Drainage Systems, Inc.. This represents a change in shares of -1.97% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

Upgrade to unlock premium data and export to Excel .

Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-02-13 2025-12-31 13F ADVANCED DRAIN SYS INC DEL COM 00790R104 5,570 -112 -1.97 873 11.07 0.0588
2025-11-13 2025-09-30 13F ADVANCED DRAIN SYS INC DEL COM 00790R104 5,682 507 9.80 786 33.67 0.0612
2025-08-13 2025-06-30 13F ADVANCED DRAIN SYS INC DEL COM 00790R104 5,175 984 23.48 589 35.80 0.0501
2025-05-08 2025-03-31 13F ADVANCED DRAIN SYS INC DEL COM 00790R104 4,191 167 4.15 433 -4.63 0.0430
2025-02-12 2024-12-31 13F ADVANCED DRAIN SYS INC DEL COM 00790R104 4,024 157 4.06 454 -24.08 0.0417
2024-11-12 2024-09-30 13F ADVANCED DRAIN SYS INC DEL COM 00790R104 3,867 210 5.74 599 4.00 0.0565
2024-08-14 2024-06-30 13F ADVANCED DRAIN SYS INC DEL COM 00790R104 3,657 413 12.73 576 4.55 0.0551
2024-05-10 2024-03-31 13F ADVANCED DRAIN SYS INC DEL COM 00790R104 3,244 661 25.59 550 65.66 0.0559
2024-02-13 2023-12-31 13F ADVANCED DRAIN SYS INC DEL COM 00790R104 2,583 399 18.27 332 32.80 0.0357
2023-11-07 2023-09-30 13F ADVANCED DRAIN SYS INC DEL COM 00790R104 2,184 -153 -6.55 251 -3.10 0.0278
2023-08-09 2023-06-30 13F ADVANCED DRAIN SYS INC DEL COM 00790R104 2,337 2,337 259 0.0284
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.