SEC Form 13F Summary: NICOLET BANKSHARES INC
Business Context and Reporting Period
This filing is a Form 13F Information Table submitted by NICOLET BANKSHARES INC for the reporting period ending March 31, 2016. The document discloses the company's holdings of equity securities and other reportable assets as required by the Securities and Exchange Commission.
Key Financial Metrics and Portfolio Composition
The filing details a diversified portfolio of common stocks, preferred stocks, and exchange-traded funds (ETFs). Key metrics include:
- Total Reportable Positions: The table lists over 100 distinct securities.
- Largest Single Holding: The company holds a significant position in its own stock, NICOLET BANKSHARES INC, with 781,176 shares valued at approximately $30,349,000.
- Top External Equity Holdings: Significant positions include WELLS FARGO & CO ($2,488,000), APPLE INC ($2,712,000), EXXONMOBIL CORP ($1,470,000), and GENERAL ELECTRIC CORP ($1,374,000).
- ETF Exposure: The portfolio includes substantial allocations to sector and index ETFs, such as FLEXSHARES GLOBAL UPSTREAM ($5,493,000), ISHARES MSCI EAFE ETF ($4,478,000), and ISHARES S&P 500 GROWTH ETF ($4,935,000).
- Voting Authority: The company reports "Sole" voting authority for the majority of positions, with some "Shared" authority noted for specific holdings like ALPHABET INC and APPLE INC.
Material Changes and Comparisons
Not Applicable: As this is a standalone snapshot of holdings for the quarter ended March 31, 2016, the filing text does not provide comparative data against the prior period (December 31, 2015) to calculate material changes in position size or value.
Guidance, Outlook, and Risks
Not Applicable: Form 13F filings are strictly regulatory disclosures of asset ownership. They do not contain management commentary, financial guidance, risk factors, or outlook statements regarding the company's future performance.
Investor Verification Checklist
- Verify the total aggregate value of the portfolio to assess the scale of the company's investment activities relative to its balance sheet.
- Confirm the concentration risk associated with the large holding of the company's own stock (NICOLET BANKSHARES INC).
- Review the specific "Shared" voting authority positions to understand any potential conflicts or joint management arrangements.
- Compare the sector allocation (e.g., heavy weighting in Energy ETFs and Financials) against the company's stated investment policy.