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, 2019
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, not a financial performance report containing revenue or profit data.
Key Financial Metrics and Holdings
Note: As this is a Form 13F, standard financial metrics such as revenue, profit, cash flow, and debt are not reported. The following data reflects the value and composition of the reported investment portfolio.
- 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 consists of over 100 distinct positions.
- Largest Single Holding: NICOLET BANKSHARES INC (Common Stock) with a reported value of $46,336,000 (46,336 in table units) and 746,632 shares.
- Top External Equity Holdings (by value):
- Intel Corp: $1,445,000
- Microsoft Corp: $3,968,000
- Apple Inc: $4,418,000
- Johnson & Johnson: $1,656,000
- Wells Fargo & Co: $1,374,000
- Significant ETF/Other Holdings:
- FlexShares Global Upstream Natural Resources: $11,421,000
- Vanguard FTSE Developed Market: $9,034,000
- FlexShares IBOXX 5-Year Target Duration: $3,325,000
- FlexShares Global Quality Dividend: $3,661,000
Material Changes and Voting Authority
The filing details voting authority for each position:
- Sole Discretion: The majority of holdings are reported with "Sole" voting authority.
- Shared Authority: Several positions, including Abbott Labs, Alphabet Inc (Class C), and Bristol Myers Squibb, report shared voting authority.
- Other Authority: A secondary block of NICOLET BANKSHARES INC stock (13,141 shares) is reported with "Other" voting authority.
- Comparison: This filing does not provide comparative data against the prior quarter (March 31, 2019) within the text provided; therefore, material changes in holdings cannot be calculated from this source alone.
Guidance, Outlook, and Risks
Management Commentary: None provided. Form 13F filings are factual disclosures of holdings and do not contain management commentary, guidance, or outlook.
Risks and Contingencies: The filing includes a standard disclaimer stating that the SEC has not reviewed the information for accuracy or completeness. No specific business risks or contingencies are detailed in this document.
Investor Verification Checklist
- Self-Holding Concentration: Verify the strategic intent behind holding $46.3 million of its own stock (NICOLET BANKSHARES INC) within the reported portfolio.
- ETF Exposure: Confirm the specific underlying assets of the large FlexShares and Vanguard ETF positions to understand sector exposure (e.g., Energy, Developed Markets).
- Voting Rights: Review the "Shared" and "Other" voting authority entries to understand if third-party managers influence specific holdings.
- Portfolio Turnover: Compare this list against the Q1 2019 13F filing to identify significant buys or sells, as this document only shows the snapshot as of June 30, 2019.