SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: NICOLET BANKSHARES INC
Filing Type: Form 13F Information Table
Reporting Period: December 31, 2021
Context: This filing discloses the equity securities held by the investment manager (Nicolet Bankshares Inc) as of the end of the fourth quarter of 2021. It is a regulatory disclosure of holdings, not a financial performance report of the bank itself.
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 in thousands of dollars but does not explicitly state a consolidated total portfolio value in the text provided.
- Largest Equity Holdings (by Value):
- SPDR Portfolio S&P 500 Value ETF: $41,886,000
- SPDR Portfolio S&P 500 Growth ETF: $30,876,000
- Apple Inc.: $13,004,000
- Microsoft Corp.: $10,623,000
- Amazon.com Inc.: $4,768,000
- Own Stock Holdings: The manager holds 921,657 shares of its own common stock (NICOLET BANKSHARES INC) with a reported value of $79,032,000. Voting authority for these shares is listed as "None," indicating they are likely held in a separate account or trust structure not under direct discretionary management for voting purposes in this context.
- Asset Classes: The portfolio includes significant allocations to broad market ETFs (S&P 500, MSCI EAFE, Russell 2000), sector-specific ETFs (Technology, Healthcare, Real Estate), and individual equities across technology, healthcare, financials, and consumer staples.
Material Changes
Comparison to Prior Period: The provided text contains only the snapshot of holdings for the period ending December 31, 2021. It does not include data from the prior quarter (September 30, 2021) or year-over-year comparisons. Therefore, material changes in position size or new entries cannot be determined from this document alone.
Guidance, Outlook, and Risks
Management Commentary: Form 13F filings are strictly factual disclosures of holdings and do not contain management commentary, forward-looking guidance, or strategic outlooks.
Risks and Contingencies: No specific risk factors or contingencies are disclosed in this filing type. The standard SEC disclaimer notes that the Commission has not reviewed the information for accuracy or completeness.
Investor Verification Checklist
- Verify the total aggregate value of the portfolio by summing the "Value" column, as the total is not explicitly stated in the text.
- Confirm the nature of the 921,657 shares of Nicolet Bankshares Inc held by the manager, specifically why voting authority is listed as "None."
- Compare these holdings against the previous quarter's 13F filing to identify significant buy/sell activity.
- Review the "Other" voting authority column for specific securities (e.g., FlexShares, iShares) to understand the extent of shared or other discretionary control.
- Check for any "OTR" (Other) voting authority entries which may indicate complex ownership structures or derivatives.