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 discloses the company's holdings in equity securities as of the reporting period ending June 30, 2024. As a Form 13F, this document details the investment portfolio managed by the institution rather than the operating financial results of Nicolet Bankshares itself.
Key Financial Metrics and Portfolio Composition
The filing lists specific holdings in individual stocks and exchange-traded funds (ETFs). While the document provides the value of individual positions, it does not explicitly state the aggregate total portfolio value in a summary line. Key observations include:
- Top Equity Holdings by Value: Significant positions are held in large-cap technology and consumer staples, including Apple Inc. ($15,379,472), Microsoft Corp. ($14,295,696), Nvidia Corp. ($10,896,846), and Alphabet Inc. (Class C: $6,781,771; Class A: $3,942,455).
- ETF Exposure: The portfolio includes substantial allocations to passive index funds, such as the SPDR Portfolio S&P 500 Value ETF ($52,894,013) and the SPDR Portfolio S&P 500 Growth ETF ($31,490,609).
- Self-Holding: Nicolet Bankshares Inc holds 885,054 shares of its own common stock, valued at $73,495, with sole voting authority.
- Voting Authority: The majority of holdings are reported under "Sole" voting authority, indicating direct control over voting decisions for those securities.
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 typically list current holdings but do not include a comparative table of changes (purchases/sales) within the text of the information table itself. Therefore, specific increases or decreases in positions cannot be determined from this document alone.
Guidance, Outlook, and Risks
The filing text does not provide a clear value regarding management commentary, future guidance, or specific risk factors. This document is a regulatory disclosure of asset ownership and does not contain forward-looking statements, earnings outlooks, or contingency plans. The standard SEC disclaimer notes that the Commission has not reviewed the information for accuracy or completeness.
Important Facts for Investor Verification
- Portfolio Concentration: Verify the concentration risk in the top 10 holdings, which include significant exposure to the technology sector (Apple, Microsoft, Nvidia, Alphabet).
- Passive vs. Active: Confirm the proportion of the portfolio allocated to broad market ETFs (e.g., SPDR, iShares, Vanguard) versus individual stock picks to understand the investment strategy.
- Self-Holding Status: Note the specific volume of Nicolet Bankshares stock held by the company itself (885,054 shares) and its voting classification.
- Reporting Lag: Acknowledge that this data reflects holdings as of June 30, 2024, and may not represent current positions if significant trading occurred after the filing date.