Nicolet Bankshares Inc.
Nicolet Bankshares, Inc. is a bank holding company operating as the parent for Nicolet National Bank, a full-service regional community bank. Headquartered in Green Bay, Wisconsin, and incorporated in 2000, the company serves individuals and businesses primarily across Wisconsin, Michigan, and Minnesota. It offers a broad suite of banking products, including deposit accounts, business and consumer loans, real estate lending, agricultural financing, wealth management, brokerage, trust, and retirement plan services. The company employs approximately 978 people and is the largest bank headquartered in Wisconsin by total assets. Nicolet Bankshares is listed on the New York Stock Exchange under the symbol NIC and has grown significantly through multiple community bank acquisitions since 2013.
Investment Strategy
Nicolet Bankshares prioritizes community-focused banking with a comprehensive approach to serving both retail and commercial clients. Its strategy centers around sustainable, relationship-driven growth in regional markets, with an emphasis on value creation for customers, employees, and shareholders. The company is an active acquirer of smaller community banks to expand its regional footprint, leveraging local expertise, trust, and a tailored suite of financial products, including customized lending, wealth management, and investment services. Its banking philosophy stresses prudent risk management, core deposit funding, and commitment to community development.
Top Holdings
Equity Positions (205)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
S SPYV | SPDR PORTFOLIO S&P 500 VALUE ETF | 10.00% | $57.9M | 1,106,250 | $32.94 | $52.34 | +$2.6M |
S SPYG | SPDR PORTFOLIO S&P 500 GROWTH ETF | 6.49% | $37.6M | 394,092 | $49.28 | $95.32 | +$7.4M |
V VOO | VANGUARD S&P 500 ETF | 4.09% | $23.7M | 41,710 | $486.90 | $568.03 | +$12.2M |
M MSFT | MICROSOFT CORP | 2.58% | $14.9M | 29,970 | $182.50 | $497.41 | +$4.0M |
S SPY | SPDR S&P 500 ETF TRUST | 2.41% | $14.0M | 22,612 | $304.82 | $617.85 | +$1.3M |