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, 2017. As a Form 13F, this document discloses equity securities held by institutional investment managers and does not contain the company's own financial performance metrics (e.g., revenue, profit, or cash flow).
Key Financial Metrics and Portfolio Composition
The filing details the specific equity and ETF positions held by the institution. Key portfolio characteristics include:
- Top Holdings by Value: The largest single position is in Nicolet Bankshares Inc (Common Stock), valued at approximately $34.9 million (737,222 shares). Other significant holdings include General Electric Corp ($1.8 million), Wells Fargo & Co ($2.2 million), and ExxonMobil Corp ($2.6 million).
- ETF Exposure: The portfolio holds substantial positions in Exchange Traded Funds, including FlexShares Global Upstream Natural Gas Index Fund (approx. $15.5 million) and FlexShares iBoxx 3-Year Target Duration Bond Index Fund (approx. $8.6 million).
- Voting Authority: The institution reports "Sole" voting authority for the majority of listed positions, with some "Shared" authority noted for specific holdings like Alphabet Inc. and Apple Inc.
Material Changes Versus Prior Period
Not Applicable. This filing text provides a snapshot of holdings for the quarter ended March 31, 2017. It does not contain comparative data, percentage changes, or transaction history relative to the prior reporting period (December 31, 2016).
Guidance, Outlook, and Risks
Not Applicable. Form 13F filings are statutory disclosures of holdings and do not include management commentary, forward-looking guidance, risk factors, or contingency plans. The filing includes a standard disclaimer that the SEC has not reviewed the information for accuracy or completeness.
Important Facts for Investor Verification
- Self-Holding: Verify the significance of the $34.9 million holding in Nicolet Bankshares Inc. common stock, which represents a substantial portion of the reported portfolio value.
- Concentration Risk: Note the heavy weighting in specific sectors, particularly Energy (via FlexShares Global Upstream Natural Gas) and Financials (Wells Fargo, JP Morgan, Citigroup).
- Discretionary Authority: Confirm that the reported positions are held under "Discretionary" management authority, indicating the institution has full control over these investment decisions.
- Data Limitations: Investors should note that this document does not reflect the bank's operational performance, loan portfolio quality, or liquidity status.