Air Products and Chemicals, Inc.
MX ˙ BMV ˙ US0091581068
SecurityMX:APD / Air Products and Chemicals, Inc.
InstitutionNicolet Advisory Services, Llc
Latest Disclosed Ownership1,729 shares
Latest Disclosed Value $ 461,706
Nicolet Advisory Services, Llc reports 24.00% decrease in ownership of APD / Air Products and Chemicals, Inc.

On February 13, 2026 - Nicolet Advisory Services, Llc filed a 13F-HR form disclosing ownership of 1,729 shares of Air Products and Chemicals, Inc. (MX:APD) valued at $461,706 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 13, 2025 disclosing 2,275 shares of Air Products and Chemicals, Inc.. This represents a change in shares of -24.00% 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.

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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 AIR PRODS & CHEMS COM 009158106 1,729 -546 -24.00 462 -25.16 0.0311
2025-11-13 2025-09-30 13F AIR PRODS & CHEMS COM 009158106 2,275 -12 -0.52 616 -4.35 0.0479
2025-08-13 2025-06-30 13F AIR PRODS & CHEMS COM 009158106 2,287 696 43.75 644 54.81 0.0548
2025-05-08 2025-03-31 13F AIR PRODS & CHEMS COM 009158106 1,591 -27 -1.67 417 -12.24 0.0414
2025-02-12 2024-12-31 13F AIR PRODS & CHEMS COM 009158106 1,618 13 0.81 474 3.49 0.0436
2024-11-12 2024-09-30 13F AIR PRODS & CHEMS COM 009158106 1,605 101 6.72 458 19.27 0.0433
2024-08-14 2024-06-30 13F AIR PRODS & CHEMS COM 009158106 1,504 336 28.77 385 37.14 0.0368
2024-05-10 2024-03-31 13F AIR PRODS & CHEMS COM 009158106 1,168 -62 -5.04 280 -15.66 0.0284
2024-02-13 2023-12-31 13F AIR PRODS & CHEMS COM 009158106 1,230 -43 -3.38 332 -8.29 0.0357
2023-11-07 2023-09-30 13F AIR PRODS & CHEMS COM 009158106 1,273 -142 -10.04 363 -11.06 0.0402
2023-08-09 2023-06-30 13F AIR PRODS & CHEMS COM 009158106 1,415 151 11.95 407 14.33 0.0447
2023-05-09 2023-03-31 13F AIR PRODS & CHEMS COM 009158106 1,264 1,264 356 0.0411
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.