Business Context and Reporting Period
This filing is a Form 13F Information Table submitted by Nicolet Bankshares Inc to the U.S. Securities and Exchange Commission. The report details the company's holdings of equity securities as of the reporting period ending December 31, 2020. As a Form 13F, this document discloses investment positions held by institutional investment managers and does not contain the company's own operational financial results (e.g., revenue, net income, or cash flow).
Key Financial Metrics and Portfolio Composition
The filing lists specific equity holdings, including common stocks and exchange-traded funds (ETFs). Key portfolio characteristics include:
- Total Holdings: The portfolio consists of over 100 distinct issuers, ranging from large-cap U.S. equities to international and sector-specific ETFs.
- Top Equity Holdings (by Value): Significant positions include Apple Inc. ($10,308,000), Microsoft Corp. ($6,390,000), Amazon.com Inc. ($3,442,000), and Alphabet Inc. (Class C and A combined ~$4,737,000).
- Self-Holding: The company holds a substantial position in its own stock, Nicolet Bankshares Inc., valued at $57,139,000 (861,176 shares) under sole voting authority, plus an additional $1,005,000 (15,141 shares) under other voting authority.
- ETF Exposure: The portfolio includes significant allocations to passive index funds, such as SPDR Portfolio S&P 500 Value ETF ($27,188,000), Vanguard Developed Markets Index Fund ($12,232,000), and SPDR Portfolio 500 Growth ETF ($17,887,000).
- Voting Authority: The vast majority of holdings are reported with Sole voting authority. Some positions, such as Apple Inc. and Microsoft Corp., show split voting authority between Sole and Shared/Other categories.
Material Changes Versus Prior Period
The filing text does not provide a clear value for material changes compared to the prior comparable period. Form 13F filings are snapshots of holdings at a specific date and do not inherently include comparative data or percentage changes from the previous quarter within the text provided.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for management guidance, future outlook, risk factors, or contingencies. This document is a regulatory disclosure of asset ownership and does not contain narrative commentary, earnings forecasts, or strategic updates from management.
Important Facts for Investor Verification
- Self-Ownership: Verify the total aggregate value of Nicolet Bankshares Inc. stock held by the company itself ($58.1M+), which may indicate treasury stock management or employee benefit plan holdings.
- Concentration Risk: Assess the concentration in large-cap technology stocks (Apple, Microsoft, Amazon, Alphabet) which represent a significant portion of the disclosed equity value.
- Passive vs. Active: Note the heavy reliance on broad market ETFs (SPDR, Vanguard, iShares), suggesting a significant portion of the portfolio is managed passively rather than through active stock picking.
- Reporting Limitations: Confirm that this document reflects only long positions in equity securities and does not disclose derivatives, short positions, or the company's own balance sheet liabilities.