13F-HR: Nicolet Bankshares Discloses Q3 2025 Investment Holdings

Nicolet Bankshares Inc. filed its Form 13F-HR, revealing its institutional investment holdings totaling over $622 million as of September 30, 2025.

Summary

• Nicolet Bankshares Inc. submitted its quarterly Form 13F-HR to the SEC, detailing its discretionary investment holdings.
• The report covers the calendar quarter ended September 30, 2025.
• The total fair market value of the institutional investment manager's holdings is $622,276,443.
• The filing lists 223 distinct securities entries.
• H. Phillip Moore, Jr., CFO, signed the report on November 13, 2025.
• The largest single holding by value is Nicolet Bankshares Inc. Common Stock, valued at $119,307,418, representing 887,044 shares with sole investment discretion but no voting authority.

Sentiment

Score: 5

Explanation: The filing is a routine regulatory disclosure of investment holdings, providing factual data without expressing explicit sentiment or forward-looking statements that would indicate a positive or negative outlook.

Positives

• Transparency in investment strategy and portfolio composition is provided through the detailed disclosure of 223 holdings.
• The portfolio demonstrates diversification across various sectors and asset classes, including common stocks and ETFs.

Future Outlook

NA

Industry Context

This filing provides a snapshot of Nicolet Bankshares Inc.'s investment management activities, typical for institutional investment managers. The disclosed holdings reflect the manager's investment strategy and allocation across various public equities and exchange-traded funds, offering insights into their market positioning relative to broader industry trends.

Comparison to Industry Standards

• The portfolio's composition, featuring a mix of large-cap common stocks (e.g., Apple Inc., Microsoft Corp., Alphabet Inc.) and diversified ETFs (e.g., SPDR S&P 500 ETF Trust, Vanguard FTSE Developed Markets), aligns with common strategies employed by institutional investors seeking broad market exposure and sector-specific investments.
• The inclusion of the reporting manager's own stock (Nicolet Bankshares Inc.) in the holdings table is a common practice for financial institutions that manage client assets or employee benefit plans, where their own securities might be held in a fiduciary capacity. This is comparable to how other bank trust departments or wealth management arms might report holdings.

Related Party Transactions

• The filing lists Nicolet Bankshares Inc. Common Stock as a holding with a value of $119,307,418 and 887,044 shares. This represents a holding of the reporting manager's own securities, likely in a fiduciary capacity for clients or employee benefit plans, which can be considered a related party transaction in a broad sense of disclosure.

Stakeholder Impact

• Shareholders of Nicolet Bankshares Inc. gain transparency into the investment strategies and portfolio composition managed by the institution, which can inform their assessment of the company's asset management capabilities.
• Investment professionals and analysts can use this data to track institutional money flows and identify trends in the holdings of Nicolet Bankshares Inc.

Key Dates

Keywords

Nicolet Bankshares Inc., 13F-HR, Institutional Holdings, Investment Portfolio, SEC Filing, Equity Holdings, ETF Holdings, Financial Services, Asset Management, Q3 2025