Business Context and Reporting Period
This filing is a Form 13F Information Table submitted by Nicolet Bankshares Inc for the reporting period ending June 30, 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 own operational financial performance.
Key Financial Metrics and Holdings
The filing lists the value of securities held in thousands of dollars. Key metrics derived from the table include:
- Total Portfolio Value: The aggregate value of all listed securities is approximately $1,064,500,000 (sum of Column 4).
- Largest Single Holding: Nicolet Bankshares Inc (Common Stock) with a value of $31,277,000 (821,340 shares).
- Top External Equity Holdings:
- Wells Fargo & Co: $2,178,000
- Apple Inc: $2,519,000
- ExxonMobil Corp: $2,401,000
- General Electric Corp: $1,446,000
- Johnson & Johnson: $1,440,000
- ETF and Fund Holdings: Significant allocations to FlexShares (Global Upstream Natural Gas and IBOXX 3-Year Target Duration) and iShares (MSCI EAFE, S&P Global Infrastructure).
Material Changes and Voting Authority
The filing does not provide comparative data for the prior quarter (March 31, 2016); therefore, material changes in holdings cannot be calculated from this document alone. However, the table discloses voting authority:
- Sole Discretion: The majority of holdings are reported with "Sole" voting authority.
- Shared Authority: Several positions, including Apple Inc ($2,367,000), Alphabet Inc ($322,000), and Visa Inc ($3,629,000), have "Shared" voting authority.
- Other Authority: Certain ETF positions (e.g., FlexShares Global Upstream Natural Gas) are listed with "Other" voting authority.
Guidance, Risks, and Contingencies
This filing is a statutory 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: Verify the significance of the $31.3 million holding in Nicolet Bankshares Inc common stock relative to the company's total assets and capital structure.
- Concentration Risk: Assess the concentration in large-cap financials (Wells Fargo, JP Morgan, Bank of America via ETFs) and energy sectors (ExxonMobil, FlexShares Upstream).
- Valuation Basis: Confirm that the values listed are in thousands of dollars as per the column header "VALUE (x$1000)".
- Missing Data: Note that this filing does not provide revenue, profit, cash flow, or debt metrics for Nicolet Bankshares Inc; those figures must be sourced from the company's 10-Q or 10-K filings.