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 September 30, 2020
Context: This filing discloses the equity securities held by the company as of the end of the reporting period. It is a regulatory disclosure of investment holdings and does not contain the company's own operating financial results (revenue, profit, cash flow).
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 sum of the "Value" column (in thousands) across all listed securities represents the total market value of the reported holdings.
- Largest Equity Holdings (by Value):
- Apple Inc: $9,190,000
- Microsoft Corp: $6,312,000
- Amazon.com Inc: $3,275,000
- Alphabet Inc (Class C): $2,817,000
- Abbott Laboratories: $2,711,000
- Significant ETF Holdings:
- SPDR Portfolio S&P 500 Value ETF: $22,206,000
- SPDR Portfolio S&P 500 Growth ETF: $15,761,000
- Vanguard Developed Markets Index Fund: $10,728,000
- Vanguard Total Bond Market Index Fund: $12,489,000
- Own Stock Holdings: The company holds 48,350 shares of its own stock (NICOLET BANKSHARES INC) valued at $48,350,000 (Column 3 value is 48,350, Column 4 value is 900,032). Note: The table lists a value of 48,350 in the "Value" column for the first entry of its own stock, but the share count is 900,032. A second entry lists 813 shares with a value of 15,141. The total value of own stock appears to be approximately $48.35 million based on the primary entry's value column, though the share count suggests a different calculation or unit representation in the source text.
Material Changes and Voting Authority
Voting Authority: The vast majority of holdings are reported with "SOLE" voting authority. A small number of positions have "SHARED" or "NONE" voting authority, or are categorized as "OTR" (Other) authority.
Derivatives: The filing includes positions in call options (indicated by "CALL" in Column 6) for several issuers, including Abbott Laboratories, AbbVie Inc, and others, though specific strike prices and expiration dates are not detailed in this summary table.
Comparison to Prior Period: This filing is a snapshot of holdings as of September 30, 2020. It does not provide comparative data against the prior quarter (June 30, 2020) within this document. Material changes in holdings cannot be determined without the previous filing.
Guidance, Outlook, and Risks
Management Commentary: Not applicable. Form 13F is a factual disclosure of holdings and does not contain management discussion, guidance, or outlook.
Risks and Contingencies: The filing includes a standard disclaimer that the SEC has not reviewed the information for accuracy or completeness. The primary risk disclosed is the market risk inherent in the reported equity and ETF positions.
Unusual Items: The filing lists a significant number of holdings in broad market index funds (e.g., S&P 500, Total Bond Market, Developed Markets), indicating a passive investment strategy for a portion of the portfolio. There are no unusual items or contingencies reported in this specific form.
Important Facts for Investor Verification
- Portfolio Composition: Verify the total market value of the reported holdings to understand the scale of the company's investment portfolio relative to its balance sheet.
- Concentration Risk: Assess the concentration in top holdings (e.g., Apple, Microsoft, Amazon) and large ETF positions (e.g., SPDR S&P 500 Value/Growth).
- Own Stock Position: Confirm the exact number of shares and value of NICOLET BANKSHARES INC stock held, as the table shows two separate entries with different share counts and values.
- Derivative Exposure: Investigate the specific terms (strike price, expiration) of the call options held, as these are not detailed in the summary table.
- Regulatory Compliance: Ensure the filing was submitted within the required timeframe (45 days after quarter-end) and that all holdings above the reporting threshold are included.