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, 2016. The document discloses the equity securities held by the company at the end of the quarter. As a Form 13F, this filing details investment holdings rather than the company's operational financial performance (revenue, profit, or cash flow).
Key Financial Metrics and Holdings
The filing provides a comprehensive list of equity securities, including common stocks, preferred stocks, and exchange-traded funds (ETFs). Key metrics include the number of shares held and the aggregate market value of each position.
- Total Portfolio Composition: The portfolio consists of large-cap U.S. equities, international equities, and various sector-specific and broad-market ETFs.
- Largest Equity Holdings (by Value):
- Nicolet Bankshares Inc: 765,751 shares valued at $36,519,000 (Sole Discretion).
- General Electric Corp: 75,928 shares valued at $2,399,000.
- JP Morgan Chase & Co: 28,825 shares valued at $2,487,000.
- Wells Fargo & Co: 41,846 shares valued at $2,306,000.
- ExxonMobil Corp: 32,102 shares valued at $2,898,000.
- Significant ETF Holdings:
- FlexShares Global Upstream Natural Resources: 492,394 shares valued at $14,112,000.
- FlexShares iBoxx 3-Year Target Duration: 337,380 shares valued at $8,333,000.
- iShares MSCI EAFE ETF: 91,214 shares valued at $5,266,000.
- Voting Authority: The majority of holdings are reported under "Sole" discretion, with some positions showing "Shared" or "None" voting authority.
Material Changes Versus Prior Period
The filing text does not provide a clear value for material changes compared to the prior comparable period. Form 13F filings typically list current holdings but do not explicitly state the net change in value or share count from the previous quarter within the text body provided.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for management guidance, future outlook, specific risk factors, or contingencies. This document is a statutory disclosure of holdings and does not contain narrative commentary on the company's strategic direction or financial risks.
Important Facts for Investor Verification
- Self-Holding: Nicolet Bankshares Inc holds a significant position in its own common stock (765,751 shares), which may indicate treasury stock management or a specific investment strategy.
- Concentration Risk: The portfolio includes substantial exposure to specific sectors, particularly Energy (via FlexShares Global Upstream Natural Resources) and Financials (via large holdings in major banks).
- Discretionary Authority: Most holdings are managed with "Sole" discretion, indicating the company has full control over these investment decisions.
- Valuation Basis: All values are reported in thousands (e.g., $36,519 represents $36,519,000) and reflect the market value as of December 31, 2016.