SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: NICOLET BANKSHARES INC
Filing Type: Form 13F Information Table (Quarterly Report of Holdings)
Reporting Period: Ended March 31, 2023
Context: This filing discloses the equity securities held by Nicoret Bankshares Inc. as of the end of the first quarter of 2023. It is a regulatory disclosure of investment holdings, not a report of the company's own operating financial results.
Key Financial Metrics and Holdings
The filing details a diversified portfolio of common stocks and exchange-traded funds (ETFs). Key metrics derived from the table include:
- Total Portfolio Value: The filing lists individual security values but does not provide a consolidated total portfolio value in the text.
- Largest Equity Holdings (by Value):
- SPDR Portfolio S&P 500 Value ETF: $45,581,602
- SPDR Portfolio S&P 500 Growth ETF: $24,971,346
- Vanguard Total Bond Market ETF: $18,620,664
- JPM Alerian MLP Index ETN: $7,579,926
- Apple Inc.: $10,800,018
- Self-Holding: Nicoret Bankshares Inc. holds 924,636 shares of its own common stock (CUSIP 65406E102) valued at $58,298, reported under "Other" voting authority.
- Investment Discretion: The vast majority of holdings are reported with "Sole" voting authority, indicating direct control over the investment decisions for those assets.
Material Changes
The filing text provided is a snapshot of holdings as of March 31, 2023. It does not contain comparative data from the prior quarter (December 31, 2022) or year-over-year figures. Therefore, material changes in position size or portfolio composition cannot be determined from this document alone.
Guidance, Outlook, and Risks
Guidance and Outlook: Form 13F filings are historical disclosures of holdings and do not contain forward-looking guidance, management commentary, or strategic outlooks.
Risks and Contingencies: The filing includes a standard SEC disclaimer stating that the Commission has not reviewed the information for accuracy. No specific risk factors or contingencies regarding the company's operations are disclosed in this specific form.
Investor Verification Checklist
- Verify the total aggregate value of the portfolio by summing the "Value" column, as the filing does not provide a total.
- Compare these holdings against the previous quarter's 13F filing to identify significant buy/sell activity.
- Note the significant allocation to passive index funds (SPDR and Vanguard ETFs) versus active individual stock picks.
- Confirm the nature of the "Other" voting authority on the company's own stock (924,636 shares) to understand if these are treasury shares or held in a specific capacity.
- Review the company's 10-Q or 10-K for the same period to understand how these investments impact the bank's overall liquidity and capital adequacy.