SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: NICOLET BANKSHARES INC
Filing Type: Form 13F Information Table (Statement of Holdings)
Reporting Period: Quarter ended June 30, 2020
Context: This filing discloses the equity securities held by the company at the end of the reporting period. As a bank holding company, the portfolio includes a mix of individual equities, exchange-traded funds (ETFs), and a significant position in its own common stock.
Key Financial Metrics and Portfolio Composition
Total Portfolio Value: The filing lists individual holdings with values in thousands of dollars. The aggregate value is not explicitly summed in the text, but the portfolio is diversified across sectors including Technology, Healthcare, Financials, and Consumer Staples.
Top Holdings by Value (Selected):
- SPDR Portfolio S&P 500 Value ETF: $19,441,000 (670,859 shares)
- SPDR Portfolio S&P 500 Growth ETF: $13,835,000 (308,000 shares)
- Vanguard FTSE Developed Market ETF: $10,219,000 (263,432 shares)
- JPMorgan Alerian MLP Index Fund: $3,344,000 (253,317 shares)
- Apple Inc.: $7,888,000 (21,624 shares)
- Microsoft Corp.: $5,926,000 (29,118 shares)
- Intel Corp.: $1,731,000 (28,931 shares)
Own Stock Position: The company holds a substantial position in its own common stock (NICOLET BANKSHARES INC), totaling 844,449 shares valued at approximately $46,276,000 (sum of $45,446,000 and $830,000 entries).
Debt and Liquidity: This filing type does not provide data on the company's debt, cash flow, or liquidity metrics.
Material Changes and Voting Authority
Voting Authority: The vast majority of holdings are reported with "Sole" voting authority. A small number of ETF positions (e.g., iShares Core MSCI Emerging Markets, SPDR Portfolio S&P 500 Value) show "Shared" voting authority.
Comparison to Prior Period: The filing text provided does not contain data for the prior quarter; therefore, material changes in holdings cannot be calculated from this document alone.
Guidance, Risks, and Contingencies
Management Commentary: Form 13F filings are statutory disclosures of holdings and do not contain management commentary, forward-looking guidance, or risk factors.
Unusual Items: The portfolio includes a significant allocation to passive index funds (ETFs) covering the S&P 500, Emerging Markets, and Fixed Income sectors, alongside active positions in large-cap technology and healthcare firms.
Investor Verification Checklist
- Verify Total Assets Under Management: Confirm if the listed holdings represent the entire investment portfolio or a subset of the company's assets.
- Check Prior Quarter Filings: Compare this list against the March 31, 2020, Form 13F to identify specific buy/sell activity.
- Review Own Stock Holdings: Investigate the purpose of the large holding in NICOLET BANKSHARES INC common stock (e.g., treasury stock, employee benefit plans, or strategic holding).
- Assess Concentration Risk: Evaluate the exposure to specific sectors, particularly the heavy weighting in S&P 500 index funds and technology stocks.