UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549FORM N-QQUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTEREDMANAGEMENT INVESTMENT COMPANYInvestment Company Act file number:811-01728Nicholas Fund, Inc.(Exact Name of Registrant as Specified in Charter)700 North Water Street, Milwaukee, Wisconsin 53202(Address of Principal Executive Offices)

   (Zip Code)Jeffrey T. May, Senior Vice President, Secretary and Treasurer700 North Water StreetMilwaukee, Wisconsin 53202(Name and Address of Agent for Service)
  Registrant's Telephone Number, Including Area Code:414-272-4650Date of Fiscal Year End:03/31/2016Date of Reporting Period:06/30/2015 Item 1. Schedule of Investments.


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NICHOLAS FUND, INC.SCHEDULE OF INVESTMENTS (UNAUDITED)AS OF June 30, 2015SHARES ORPRINCIPALAMOUNT

   

   

   VALUE-------------

   

   

   --------------COMMON STOCKS -- 92.40%Consumer Discretionary - Automobiles &Components -- 2.26%1,800,000

   Johnson Controls, Inc.

   

   $   89,154,000--------------Consumer Discretionary - Durables &Apparel -- 2.03%542,014

   Polaris Industries Inc.

   

   80,277,694--------------Consumer Discretionary - Media -- 4.09%1,200,000

   Gannett Co., Inc. *

   

   16,788,0002,400,000

   TEGNA, Inc. *

   

   76,968,000775,000

   Time Warner Inc.

   

   67,742,750--------------161,498,750--------------Consumer Discretionary -Retailing -- 8.08%900,000

   Cabela's Incorporated *

   

   44,982,0003,562,782

   LKQ Corporation *

   

   107,756,342502,476

   O'Reilly Automotive, Inc. *

   

   113,549,526575,352

   Penske Automotive Group, Inc.

   

   29,981,593729,786

   Sally Beauty Company, Inc. *

   

   23,046,642--------------319,316,103--------------Consumer Discretionary - Services -- 3.16%574,085

   McDonald's Corporation

   

   54,578,2611,170,571

   Popeyes Louisiana Kitchen, Inc. *

   

   70,222,554--------------124,800,815--------------Consumer Staples - Food & StaplesRetailing -- 3.95%1,850,000

   Walgreens Boots Alliance, Inc.

   

   156,214,000--------------Consumer Staples - Food, Beverage &Tobacco -- 1.76%870,000

   Philip Morris International Inc.

   

   69,747,900--------------Energy -- 5.01%2,600,719

   Kinder Morgan, Inc.

   

   99,841,6023,793,000

   Plains GP Holdings, L.P.

   

   98,011,120--------------197,852,722--------------Financials - Diversified -- 3.84%694,505

   Affiliated Managers Group, Inc. *

   

   151,818,793--------------Financials - Insurance -- 4.74%760,000

   ACE Limited

   

   77,276,8001,105,000

   Aon plc

   

   110,146,400--------------187,423,200--------------Financials - Real Estate -- 2.25%2,405,000

   CBRE Group, Inc. *

   

   88,985,000--------------Health Care - Equipment &Services -- 3.28%300,000

   C.R. Bard, Inc.

   

   51,210,000986,254

   DaVita HealthCare Partners Inc. *

   

   78,377,605--------------129,587,605--------------
  Page 1


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Health Care - Pharmaceuticals,Biotechnology & Life Sciences -- 21.51%1,350,000

   AbbVie Inc.

   

   90,706,500450,000

   Celgene Corporation *

   

   52,080,7501,770,000

   Gilead Sciences, Inc.

   

   207,231,600300,000

   Jazz Pharmaceuticals public limitedcompany *

   

   52,821,0002,050,000

   Pfizer Inc.

   

   68,736,500825,688

   Thermo Fisher Scientific Inc.

   

   107,141,2751,220,000

   Valeant PharmaceuticalsInternational, Inc. *

   

   271,023,000-------------849,740,625-------------Industrials - Capital Goods -- 6.27%350,000

   Precision Castparts Corp.

   

   69,954,500701,100

   Snap-on Incorporated

   

   111,650,175278,910

   W.W. Grainger, Inc.

   

   66,004,052-------------247,608,727-------------Industrials - Commercial &Professional Services -- 4.91%2,345,900

   ADT Corporation (The)

   

   78,751,8632,053,000

   Copart, Inc. *

   

   72,840,440950,000

   Nielsen N.V.

   

   42,531,500-------------194,123,803-------------Industrials - Transportation -- 2.38%287,273

   AMERCO

   

   93,912,416-------------Information Technology - Semiconductors &Semiconductor Equipment -- 0.35%1,300,000

   Xerox Corporation

   

   13,832,000-------------Information Technology - Software &Services -- 7.68%700,000

   MasterCard Incorporated - Class A

   

   65,436,0001,900,000

   Microsoft Corporation

   

   83,885,0001,850,000

   Oracle Corporation

   

   74,555,0001,242,500

   Solera Holdings, Inc.

   

   55,365,800506,872

   Syntel, Inc. *

   

   24,066,283-------------303,308,083-------------Materials -- 3.68%796,600

   AptarGroup, Inc.

   

   50,799,1821,350,401

   Ball Corporation

   

   94,730,630-------------145,529,812-------------Telecommunication Services -- 1.17%1,300,000

   AT&T Inc.

   

   46,176,000-------------TOTAL COMMON STOCKS(cost $2,166,932,624)

   

   3,650,908,048-------------SHORT-TERM INVESTMENTS -- 7.60%Commercial Paper - 7.55%$

   3,300,000

   Bacardi Corporation 07/01/15, 0.44%

   

   3,300,0004,250,000

   Kellogg Company 07/01/15, 0.40%

   

   4,250,0007,000,000

   Duke Energy Corporation 07/02/15, 0.36%

   

   6,999,9304,900,000

   Bemis Company, Inc. 07/06/15, 0.45%

   

   4,899,6947,000,000

   Sherwin-Williams Company (The)07/06/15, 0.255

   

   6,999,7571,900,000

   AutoZone, Inc. 07/07/015, 0.38%

   

   1,899,8804,400,000

   CBS Corporation 07/07/15, 0.41%

   

   4,399,6993,450,000

   Bacardi-Martini B.V. 07/08/15, 0.44%

   

   3,449,70510,000,000

   PPG Industries, Inc. 07/08/15, 0.42%

   

   9,999,1837,400,000

   Hitachi Capital America Corp.07/09/15, 0.415

   

   7,399,3264,725,000

   Rockwell Collins, Inc. 07/09/15, 0.42%

   

   4,724,5596,125,000

   Valspar Corporation (The) 07/09/15, 0.38%

   

   6,124,4834,000,000

   Valspar Corporation (The) 07/09/15, 0.40%

   

   3,999,644
  Page 2


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$5,000,000

   Kellogg Company 07/10/15, 0.35%

   

   4,999,5634,000,000

   Rockwell Collins, Inc. 07/10/15, 0.48%

   

   3,999,5206,000,000

   AutoZone, Inc. 07/13/15, 0.40%

   

   5,999,2005,000,000

   Nissan Motor Acceptance Corporation07/13/15, 0.40%

   

   4,999,3336,025,000

   Molson Coors Brewing Company07/14/15, 0.40%

   

   6,024,1305,950,000

   Williams Partners L.P. 07/14/15, 0.50%

   

   5,948,9265,000,000

   Bemis Company, Inc. 07/15/15, 0.43%

   

   4,999,1647,000,000

   Williams Partners L.P. 07/15/15, 0.50%

   

   6,998,639675,000

   AutoZone, Inc. 07/16/15, 0.40%

   

   674,8886,000,000

   CBS Corporation 07/16/15, 0.42%

   

   5,998,9506,000,000

   V.F. Corporation 07/16/15, 0.30%

   

   5,999,2507,350,000

   Valspar Corporation (The) 07/16/15, 0.43%

   

   7,348,6832,550,000

   Hitachi Capital America Corp.07/17/15, 0.44%

   

   2,549,5013,750,000

   V.F. Corporation 07/17/15, 0.30%

   

   3,749,5003,100,000

   CBS Corporation 07/20/15, 0.40%

   

   3,099,3466,000,000

   Michelin Luxembourg S.C.S.07/20/15, 0.40%

   

   5,998,7337,500,000

   Marriott International, Inc.07/21/15, 0.39%

   

   7,498,3753,800,000

   Bacardi U.S.A., Inc. 07/22/15, 0.48%

   

   3,798,9365,250,000

   Nissan Motor Acceptance Corporation07/23/15, 0.32%

   

   5,248,9735,000,000

   PPG Industries, Inc. 07/23/15, 0.45%

   

   4,998,6255,000,000

   PPG Industries, Inc. 07/23/15, 0.45%

   

   4,998,6253,150,000

   Aon Corporation 07/24/15, 0.42%

   

   3,149,1556,375,000

   Nissan Motor Acceptance Corporation07/24/15, 0.39%

   

   6,373,4127,200,000

   NorthWestern Corporation 07/24/15, 0.50%

   

   7,197,7007,000,000

   Anthem, Inc. 07/27/15, 0.23%

   

   6,998,8374,350,000

   Marriott International, Inc.07/28/15, 0.45%

   

   4,348,5327,625,000

   Bacardi U.S.A., Inc. 07/29/15, 0.46%

   

   7,622,2725,000,000

   Monsanto Company 08/03/15, 0.49%

   

   4,997,7547,500,000

   Thomson Reuters Corporation08/04/15, 0.50%

   

   7,496,4585,275,000

   Hyundai Capital America, Inc.08/05/15, 0.48%

   

   5,272,5384,575,000

   Marriott International, Inc.08/05/15, 0.47%

   

   4,572,9095,000,000

   Monsanto Company 08/10/15, 0.51%

   

   4,997,1675,000,000

   Thomson Reuters Corporation08/10/15, 0.52%

   

   4,997,1117,000,000

   Hyundai Capital America, Inc.08/11/15, 0.48%

   

   6,996,1736,700,000

   Rockwell Collins, Inc. 08/11/15, 0.46%

   

   6,696,4906,000,000

   Campbell Soup Company 08/12/15, 0.44%

   

   5,996,9207,000,000

   Monsanto Company 08/17/15, 0.53%

   

   6,995,1567,000,000

   V.F. Corporation 08/17/15, 0.38%

   

   6,996,5275,000,000

   Campbell Soup Company 08/19/15, 0.42%

   

   4,997,1427,350,000

   Campbell Soup Company 08/31/15, 0.40%

   

   7,345,0187,000,000

   Pall Corporation 09/21/15, 0.55%

   

   6,991,2312,925,000

   SABMiller plc 09/30/15, 0.50%

   

   2,921,303--------------298,336,525--------------Variable Rate Security - 0.05%1,823,014

   Fidelity Institutional Money MarketFund - Class I

   

   1,823,014--------------TOTAL SHORT-TERM INVESTMENTS(cost $300,159,539)

   

   300,159,539--------------TOTAL INVESTMENTS(cost $2,467,092,163) - 100.00%

   

   3,951,067,587--------------OTHER ASSETS, NET OF LIABILITIES - 0.00%(1)

   

   124,955--------------TOTAL NET ASSETS(basis of percentagesdisclosed above) - 100%

   

   $3,951,192,542----------------------------
  Page 3


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% Of net assets.* Non-income producing. (1) The amount rounds to 0.00%As of June 30, 2015, investment cost for federal tax purposes was$2,467,092,163 and the tax basis components of unrealizedappreciation/depreciation were as follows: Unrealized appreciation

   $1,519,642,639Unrealized depreciation

   (35,667,215

   )--------------Net unrealized appreciation

   $1,483,975,424----------------------------
  For information on the Fund's policies regarding the valuation of investmentsand other significant accounting policies, please refer to the Fund's mostrecent Semiannual or Annual Report to Shareholders.Various inputs are used in determining the value of the Fund's investmentsrelating to Finanacial Accounting Standard No. 157.The three-tier hierarchy of inputs is summarized in the three broad Levelslisted below.Level 1 - quoted prices in active markets for identical investmentsLevel 2 - other significant observable inputs (including quoted pricesfor similar investments, interest rates, prepayment speeds,credit risk, etc.)Level 3 - significant unobservable inputs (including the Fund’s ownassumptions in determining the fair value of investments)The inputs or methodology used for valuing securities are not necessarilyan indication of the risk associated with investing in those securities.The following is a summary of the inputs used as of June 30, 2015 invaluing the Fund’s investments carried at value: InvestmentsValuation Inputs

   in SecuritiesLevel 1 -Common Stocks(1)

   $3,650,908,048Variable Rate Security

   1,823,014Level 2 -Commercial Paper

   298,336,525Level 3 -None

   ----------------Total

   $3,951,067,587----------------------------
  (1) See Schedule above for further detail by industry Page 4


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Item 2. Controls and Procedures. (a) The Fund's principal executive officer and principal financial officer have concluded that the Fund's disclosure controls and procedures are sufficient to ensure that information required to be disclosed by the Fund in this Form N-Q was recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms, based upon such officers' evaluation of these controls and procedures as of a date within 90 days of the filing date of the report. (b) There were no significant changes or corrective actions with regard to significant deficiencies or material weaknesses in the Fund's internal controls or in other factors that could significantly affect the Fund's internal controls during the last fiscal quarter. Item 3. Exhibits. Certifications of Principal Executive Officer and Principal Financial Officer pursuant to Rule 30a-2(a) under the Act, attached hereto as part of EX-99.CERT. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. (Registrant)Nicholas Fund, Inc. By:/s/ Albert O. NicholasName: Albert O. NicholasTitle: Principal Executive OfficerDate:08/13/2015 Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed by the following persons on behalf of the registrant and in the capacities and on the dates indicated. By:/s/ Albert O. NicholasName: Albert O. NicholasTitle: Principal Executive OfficerDate:08/13/2015By:/s/ Jeffrey T. MayName: Jeffrey T. MayTitle: Principal Financial OfficerDate:08/13/2015