SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: NICOLET BANKSHARES INC
Filing Type: Form 13F Information Table
Reporting Period: Quarter ended March 31, 2024
Context: This filing discloses the equity securities held by Nicoret Bankshares Inc. as of the end of the first quarter of 2024. As a Form 13F, this document details investment holdings rather than the company's own operational financial performance (revenue, profit, etc.).
Key Financial Metrics and Holdings
The filing provides a list of equity securities held, categorized by issuer, class, CUSIP, value, and voting authority. Key metrics derived from the table include:
- Total Portfolio Value: The filing lists numerous individual positions with values ranging from approximately $18,000 to over $55 million. The aggregate value is not explicitly summed in the text, but the portfolio is heavily weighted toward large-cap equities and ETFs.
- Top Holdings by Value:
- SPDR Portfolio S&P 500 Value ETF: $55,227,986
- SPDR Portfolio S&P 500 Growth ETF: $29,813,233
- JPM Alerian MLP Index ETN: $8,394,949
- Microsoft Corp: $13,601,036
- Apple Inc: $12,740,278
- Nvidia Corp: $9,565,086
- Self-Holding: Nicoret Bankshares Inc. holds 900,737 shares of its own common stock (CUSIP 65406E102) valued at $77,454. Voting authority for this position is listed as "None" for sole/shared and "900,737" for "None" (likely indicating treasury stock or restricted voting).
- Voting Authority: The majority of holdings are reported with "Sole" voting authority. Some positions, such as Alphabet Inc. and Amazon.com Inc., show split authority between "Sole" and "Shared."
Material Changes
Comparison to Prior Period: The provided text contains only the snapshot of holdings as of March 31, 2024. It does not include the prior quarter's data (December 31, 2023) or a "Changes in Holdings" section. Therefore, material changes in position size or new entries cannot be determined from this specific text alone.
Guidance, Outlook, and Risks
Management Commentary: None. Form 13F filings are statutory disclosures of holdings and do not contain management discussion, financial guidance, or outlook statements.
Risks and Contingencies: The filing includes a standard disclaimer stating that the SEC has not reviewed the information for accuracy or completeness. No specific operational risks or contingencies are disclosed in this format.
Important Facts for Investor Verification
- Portfolio Concentration: Verify the concentration risk in the top 5 holdings, which include significant positions in S&P 500 ETFs and major technology firms (Microsoft, Apple, Nvidia).
- Self-Holding Status: Confirm the nature of the 900,737 shares of Nicoret Bankshares Inc. stock held, as the voting authority is listed as "None" in the primary columns, suggesting these may be treasury shares or held in a non-voting capacity.
- ETF Exposure: Note the heavy reliance on passive index funds (SPDR, iShares, Vanguard) which dictates the underlying sector exposure of the portfolio.
- Data Limitations: Acknowledge that this filing does not provide data on the bank's loan portfolio, deposit base, net interest margin, or liquidity ratios, which are critical for analyzing a bank's health.