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 reporting period ending September 30, 2024. 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 (revenue, profit, cash flow) or operational results.
Key Financial Metrics and Portfolio Composition
The filing details the specific equity positions held by the institution. Key portfolio characteristics include:
- Top Holdings by Value: The largest single position by value is Apple Inc. ($15,977,043), followed by Nvidia Corp ($10,296,898), Alphabet Inc. Class C ($5,749,998), and Amazon.com Inc ($6,347,518).
- Significant ETF Exposure: The portfolio holds substantial positions in exchange-traded funds, including SPDR Portfolio S&P 500 Value ETF ($56,750,337), SPDR Portfolio S&P 500 Growth ETF ($31,935,466), and SPDR S&P 500 ETF Trust ($12,757,554).
- Self-Holding: The institution holds 869,752 shares of its own stock, Nicolet Bankshares Inc, valued at $83,174.
- Voting Authority: The filing distinguishes between "Sole," "Shared," and "None" voting authority. For example, the institution holds sole voting authority for the majority of its Apple and Nvidia shares, while some positions (e.g., Alphabet Class C) 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 tables list current holdings but do not explicitly state the net change in shares or value from the previous quarter within the provided text data.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for management guidance, future outlook, or specific risk factors. This document is a statutory disclosure of current holdings and does not contain narrative commentary, forward-looking statements, or contingency plans.
Important Facts for Investor Verification
- Concentration Risk: Verify the concentration of the portfolio in large-cap technology stocks (Apple, Nvidia, Microsoft, Alphabet) and broad market ETFs.
- Self-Ownership: Note the significant block of 869,752 shares of Nicolet Bankshares Inc held by the institution, which may influence corporate governance dynamics.
- Voting Rights: Review the "Shared" voting authority columns for major holdings like Alphabet and Amazon to understand potential co-investment structures or custodial arrangements.
- Asset Class Mix: Confirm the heavy weighting toward passive index funds (SPDR, iShares, Vanguard) versus active individual stock picking.