SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: NICOLET BANKSHARES INC
Filing Type: Form 13F Information Table
Reporting Period: June 30, 2023
Context: This filing discloses the equity securities held by the company as of the end of the second quarter of 2023. As a Form 13F, this document details investment holdings rather than the company's own operating financial results (revenue, profit, etc.).
Key Financial Metrics and Holdings
The filing provides a comprehensive list of equity holdings, including common stocks and exchange-traded funds (ETFs). Key metrics include the number of shares held and the approximate value of each position.
- Total Portfolio Composition: The portfolio consists of a diversified mix of large-cap U.S. equities, international equities, and various sector-specific and broad-market ETFs.
- Top Equity Holdings (by Share Count):
- Apple Inc.: 88,055 shares
- Alphabet Inc. (Class C): 49,889 shares
- Amazon.com Inc.: 49,403 shares
- Microsoft Corp.: 39,991 shares
- Alphabet Inc. (Class A): 20,971 shares
- Top ETF Holdings (by Share Count):
- SPDR Portfolio S&P 500 Value ETF: 1,136,726 shares
- SPDR Portfolio S&P 500 Growth ETF: 430,935 shares
- JPM Alerian MLP Index ETN: 345,989 shares
- Vanguard Total Bond Market ETF: 136,331 shares
- Vanguard FTSE Developed Markets ETF: 161,532 shares
- Self-Holding: The company holds 946,485 shares of its own stock (NICOLET BANKSHARES INC), valued at approximately $64,276.
Material Changes and Voting Authority
Voting Authority: The filing indicates that for the vast majority of holdings, the company exercises "Sole" voting authority. A small number of positions are listed under "Other" (OTR) discretion, typically associated with specific ETF structures or shared arrangements.
Comparison to Prior Period: This filing is a snapshot as of June 30, 2023. The provided text does not contain data for the prior quarter (March 31, 2023); therefore, material changes in holdings volume or value cannot be calculated from this document alone.
Guidance, Outlook, and Risks
Management Commentary: Form 13F filings are regulatory disclosures of holdings and do not contain management commentary, forward-looking guidance, or strategic outlooks.
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 detailed in this document.
Investor Verification Checklist
- Portfolio Concentration: Verify the percentage of the total portfolio allocated to the top 10 holdings (e.g., Apple, Microsoft, Alphabet) to assess concentration risk.
- ETF Exposure: Analyze the specific underlying assets of the large ETF positions (e.g., SPDR S&P 500 Value/Growth, Vanguard Total Bond Market) to understand the true sector exposure.
- Self-Holding Intent: Investigate the purpose of the 946,485 shares of Nicoret Bankshares Inc. held by the company (e.g., treasury stock, employee compensation plans).
- Derivatives: Note that the filing lists "Put/Call" columns, but the provided data shows "SH" (Shares) for all entries, indicating no reported options positions in this specific table view.
- Valuation Accuracy: Confirm the "Value" column figures against market prices as of June 30, 2023, to ensure the reported approximate values align with historical closing prices.