Business Context and Reporting Period
This filing is a Form 13F Information Table submitted by Nicolet Bankshares Inc for the reporting period ending December 31, 2019. The document discloses the company's holdings of equity securities and other investment instruments as of the close of the quarter. It does not contain operational financial statements (revenue, profit, or cash flow) for Nicolet Bankshares Inc itself, but rather details its investment portfolio.
Key Financial Metrics and Portfolio Composition
The filing lists the value of securities held in thousands of dollars. Key portfolio statistics include:
- Total Reported Holdings: The table lists over 100 individual positions across equities, ETFs, and other securities.
- Largest Equity Position: Nicolet Bankshares Inc (Common Stock) with a reported value of $839,465 (in thousands), representing a significant self-holding or treasury position.
- Top External Equity Holdings:
- Apple Inc: $6,375
- Microsoft Corp: $4,624
- Abbott Labs: $2,338
- Alphabet Inc (Class C): $2,580
- Intel Corp: $1,808
- ETF and Fund Holdings: Significant allocations to index funds, including Vanguard FTSE Developed Market ($9,819), SPDR Portfolio S&P 500 Value ($6,567), and FlexShares Global Upstream Natural Resources ($4,326).
- Voting Authority: The majority of holdings are reported with "Sole" voting authority, though some positions (e.g., Abbott Labs, Alphabet Inc) show "Shared" authority.
Material Changes Versus Prior Period
The filing text provided does not contain comparative data from the prior quarter (September 30, 2019). Consequently, material changes in holdings, additions, or deletions cannot be determined from this document alone.
Guidance, Outlook, and Risks
This Form 13F filing is a regulatory disclosure of holdings and does not contain management commentary, forward-looking guidance, risk factors, or contingency plans. The document includes a standard disclaimer stating that the SEC has not reviewed the information for accuracy or completeness.
Important Facts for Investor Verification
- Self-Holding Magnitude: Verify the nature of the $839,465 holding in Nicolet Bankshares Inc stock, as this represents a substantial portion of the reported portfolio value.
- Portfolio Concentration: Assess the concentration risk in the top 10 holdings, which include major technology and healthcare firms.
- ETF Exposure: Confirm the specific underlying assets of the large ETF positions (e.g., FlexShares, Vanguard) to understand the true sector exposure.
- Missing Financials: Note that this document does not provide Nicolet Bankshares Inc's own revenue, earnings, or liquidity metrics; those must be sourced from the company's 10-K or 10-Q filings.