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, 2022
Context: This filing discloses the equity securities held by the investment manager (Nicolet Bankshares Inc) at the end of the reporting period. It is a regulatory disclosure of holdings, not a financial performance report of the bank itself.
Key Financial Metrics and Holdings
The filing details a diversified portfolio of common stocks and exchange-traded funds (ETFs). Key metrics derived from the table include:
- Total Reported Value: The filing lists individual security values in thousands of dollars (Column 4). The aggregate value is not explicitly summed in the text, but the portfolio contains significant positions in large-cap equities and ETFs.
- Largest Equity Positions (by Value):
- Apple Inc: $13,977,000
- Microsoft Corp: $10,811,000
- Alphabet Inc (Class A): $4,957,000
- Amazon.com Inc: $4,936,000
- Meta Platforms Inc: $1,886,000
- Largest ETF Positions (by Value):
- SPDR SER TR (78464A508): $42,686,000
- Vanguard Tax-Managed Intl FD: $22,318,000
- SPDR SER TR (78464A409): $29,069,000
- FlexShares TR (33939L605): $2,886,000
- Self-Holding: The manager holds 913,306 shares of its own stock (Nicolet Bankshares Inc) valued at $85,458,000, reported with "Other" voting authority.
- Voting Authority: The vast majority of holdings are reported under "Sole" voting authority. Some positions (e.g., Apple, Microsoft, Pfizer) show split authority between "Sole" and "Shared" or "None" (likely due to options or specific fund structures).
Material Changes vs. Prior Period
Not Applicable: This filing is a snapshot of holdings as of March 31, 2022. The provided text does not contain comparative data from the prior quarter (December 31, 2021) or year-over-year changes. Therefore, material changes in position size or portfolio composition cannot be determined from this document alone.
Guidance, Outlook, and Risks
Not Applicable: Form 13F filings are strictly informational regarding security holdings. They do not contain management commentary, financial guidance, risk factors, or outlook statements regarding the company's future performance. The filing includes a standard disclaimer that the SEC has not reviewed the information for accuracy.
Investor Verification Checklist
- Portfolio Concentration: Verify the total aggregate value of the portfolio to assess the concentration risk relative to the bank's total assets.
- Self-Holding Status: Confirm the nature of the 913,306 shares of Nicolet Bankshares Inc held with "Other" voting authority (e.g., treasury stock, employee benefit plans, or specific fund holdings).
- Derivative Exposure: Review the "Shared" and "None" voting authority columns (e.g., Apple, Microsoft, Pfizer) to understand if these represent short positions, options, or securities held in custody for others.
- ETF Composition: Analyze the underlying holdings of the large ETF positions (SPDR, Vanguard, FlexShares) to determine true sector exposure, as these funds may hold overlapping securities.
- Regulatory Compliance: Ensure the filing meets the 45-day post-quarter-end deadline requirement for Form 13F.