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 covers the portfolio holdings as of the period ending March 31, 2018. As a Form 13F, this document discloses the equity securities held by the institution but does not contain the company's own financial performance metrics (revenue, profit, cash flow) or operational commentary.
Key Financial Metrics and Portfolio Composition
The filing details the specific equity and fund positions held by Nicolet Bankshares Inc. Key portfolio characteristics include:
- Significant Self-Holding: The institution holds a substantial position in its own stock (Nicolet Bankshares Inc), totaling approximately 716,585 shares across two entries (692,983 shares with sole voting authority and 13,141 shares with other voting authority).
- Top Equity Holdings: Major individual stock positions include Wells Fargo & Co (44,720 shares), WEC Energy Group Inc (46,564 shares), General Electric Corp (31,648 shares), ExxonMobil Corp (29,967 shares), and Apple Inc (26,079 shares).
- ETF and Fund Exposure: The portfolio includes significant allocations to Exchange Traded Funds (ETFs), particularly Vanguard FTSE Developed Market (233,303 shares), FlexShares Global Upstream Natural Resources (433,598 shares), and FlexShares IBOXX 5-Year Target Duration (238,312 shares).
- Voting Authority: The vast majority of holdings are reported with "Sole" voting authority, though some positions (e.g., AbbVie, Alphabet, Apple) show "Shared" voting authority.
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 list current holdings but do not explicitly state the net change in share counts or value 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 statutory disclosure of holdings and does not contain narrative commentary from management regarding the company's strategy or financial risks.
Important Facts for Investor Verification
- Self-Holding Concentration: Verify the strategic intent behind the large holding of Nicolet Bankshares Inc stock (approx. 716k shares), which may indicate treasury stock management or employee benefit plan holdings.
- Portfolio Diversification: Note the heavy weighting in broad market ETFs (Vanguard, iShares, SPDR) alongside specific sector bets in energy (FlexShares Upstream) and financials (Wells Fargo).
- Reporting Limitations: Confirm that this document reflects only equity securities; it does not disclose the bank's loan portfolio, deposit base, or overall liquidity position.
- Valuation Context: The "Value" column in the source text represents the approximate market value of the holdings at the time of filing; investors should verify current market prices for these positions.