13F-HR: Nicolet Bankshares Discloses $624M Q4 2025 Holdings

Nicolet Bankshares Inc. filed its Q4 2025 13F-HR report, revealing a diversified portfolio of 231 equity holdings totaling approximately $624 million.

Summary

• Nicolet Bankshares Inc. submitted its Form 13F-HR for the calendar quarter ended December 31, 2025.
• The report details 231 distinct equity holdings.
• The total market value of these holdings is approximately $623,975,617.
• The portfolio includes a wide range of common stocks and exchange-traded funds (ETFs) across various sectors.
• Nicolet Bankshares Inc. holds 883,159 shares of its own common stock, valued at $107,127,187.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. A 13F-HR is a routine disclosure of holdings and does not inherently convey positive or negative sentiment regarding the reporting entity's operational performance or future prospects.

Positives

• NA

Negatives

• NA

Risks

• NA

Future Outlook

This Form 13F-HR filing provides a snapshot of institutional investment holdings as of December 31, 2025, and does not contain forward-looking statements or guidance from Nicolet Bankshares Inc. regarding future performance or investment strategy.

Management Comments

• H. Phillip Moore, Jr., CFO, signed the report, representing that the information is true, correct, and complete, and that he is authorized to submit it.

Industry Context

StockSavvy.ai notes that Nicolet Bankshares Inc.'s portfolio, as disclosed in this 13F-HR, reflects a highly diversified investment strategy typical of a financial institution managing a broad range of assets. The inclusion of numerous large-cap common stocks across various sectors (technology, healthcare, consumer staples, financials, industrials) alongside a significant allocation to various ETFs (S&P 500, Russell, MSCI, bond funds) suggests a strategy focused on broad market exposure and risk management, rather than highly concentrated bets.

Comparison to Industry Standards

• The portfolio's broad diversification across common stocks and ETFs is consistent with asset management practices observed among regional bank holding companies and other institutional investment managers aiming for balanced growth and risk mitigation.
• The inclusion of a substantial number of ETFs (e.g., iShares Core S&P 500 ETF, Vanguard Total Stock Market ETF) indicates a strategy that leverages passive investment vehicles for broad market exposure, a common approach to achieve diversification and manage costs.
• The significant holding in its own common stock is a typical practice for bank holding companies, often related to employee benefit plans, treasury stock, or other corporate purposes, and is not unusual compared to peers in the banking sector.

Management Changes

Corporate Governance

Legal Proceedings

• NA

Related Party Transactions

• Nicolet Bankshares Inc. holds 883,159 shares of its own common stock, valued at $107,127,187, representing a significant related party holding within its investment portfolio.

Stakeholder Impact

• Shareholders: Provides transparency into the company's investment portfolio, offering insight into its asset allocation strategy.
• Investment Professionals: Offers data for analyzing institutional investment trends and specific holdings of Nicolet Bankshares Inc.

Next Steps

• NA

Key Dates

Keywords

Nicolet Bankshares, 13F-HR, Holdings Report, Institutional Investment, Equity Portfolio, SEC Filing, Investment Management, Diversified Portfolio, ETFs, Common Stock