SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: NICOLET BANKSHARES INC
Filing Type: Form 13F Information Table
Reporting Period: The filing text indicates a period end of 2025 Dec 31 based on metadata, though the document content itself does not explicitly state the quarter end date in the narrative text. Form 13F filings are quarterly reports of institutional investment managers disclosing their holdings in U.S. equity securities.
Key Financial Metrics and Portfolio Composition
The filing details the portfolio holdings of the reporting manager. Specific financial metrics such as revenue, profit, cash flow, or debt for Nicolet Bankshares Inc. are not provided in this document, as Form 13F reports only investment holdings, not the issuer's operational financials.
Portfolio Highlights:
- Total Holdings Disclosed: The table lists over 150 distinct securities, including common stocks and Exchange Traded Funds (ETFs).
- Largest Equity Holdings (by Shares):
- NICOLET BANKSHARES INC: 883,159 shares (Voting Authority: None)
- APPLE INC: 59,427 shares
- NVIDIA CORP: 60,623 shares
- ALPHABET INC (Class A): 23,915 shares
- AMAZON.COM INC: 27,408 shares
- Significant ETF Exposure: The portfolio holds substantial positions in broad market and sector ETFs, including:
- STATE STREET SPDR PORTFOLIO S&P 500 ETF: 500,712 shares
- VANGUARD S&P 500 ETF: 49,029 shares
- ISHARES S&P 500 BARRA GROWTH INDEX FUND: 106,070 shares
- AVANTIS EMERGING MARKETS EQUITY ETF: 230,389 shares
Material Changes and Voting Authority
Voting Authority: The reporting manager holds Sole voting authority for the vast majority of the listed positions. However, for the issuer's own stock (NICOLET BANKSHARES INC), the manager reports None for sole voting authority, with 883,159 shares listed under "Shared" or "None" columns depending on interpretation of the specific row alignment, though the text explicitly lists "NONE" in the sole column and "883,159" in the shared/none column structure.
Derivatives: The filing includes positions in Put/Call options for several issuers, including Apple Inc., AbbVie Inc., Berkshire Hathaway Inc., and Exxon Mobil Corp., indicating hedging or speculative strategies.
Guidance, Outlook, and Risks
Management Commentary: This filing contains no management commentary, forward-looking guidance, or outlook regarding Nicolet Bankshares Inc.'s operations or financial performance.
Risks and Contingencies: The document includes a standard SEC disclaimer stating that the Commission has not reviewed the information for accuracy or completeness. No specific operational risks or contingencies for the bank are disclosed in this form.
Investor Verification Checklist
- Reporting Date Verification: Confirm the actual quarter-end date (Q4 2025) as the text metadata suggests a future date relative to current real-time, which may indicate a projection or data entry anomaly in the source.
- Issuer Ownership: Verify the 883,159 shares of Nicolet Bankshares Inc. held by the manager and the lack of sole voting authority to understand the nature of this holding (e.g., treasury stock, employee benefit plan, or custodial holding).
- Concentration Risk: Assess the concentration in large-cap technology stocks (Apple, Microsoft, NVIDIA, Alphabet) and broad market ETFs relative to the bank's total asset base.
- Derivative Exposure: Review the specific Put/Call positions for Apple, AbbVie, and others to understand potential hedging strategies or market views.