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FBFS
First Business Financial Services Portfolio holdings
AUM
$1.29B
1-Year Est. Return
27.28%
This Fund
S&P 500
This Quarter
Est. Return
+5.56%
1 Year Est. Return
+27.28%
3 Year Est. Return
+73.97%
5 Year Est. Return
+72.39%
10 Year Est. Return
+213.72%
AUM
$188M
AUM Growth
+$17M
(+10%)
Cap. Flow
+$7.88M
Cap. Flow
% of AUM
4.2%
Top 10 Holdings %
Top 10 Hldgs %
90.93%
Holding
33
New
7
Increased
10
Reduced
12
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
|
+$4M |
| 2 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$3.7M |
| 3 |
iShares Russell 1000 Value ETF
IWD
|
+$1.92M |
| 4 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.62M |
| 5 |
iShares Russell 2000 Value ETF
IWN
|
+$1.57M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$3.36M |
| 2 |
iShares MSCI EAFE ETF
EFA
|
+$2.74M |
| 3 |
iShares Core US Aggregate Bond ETF
AGG
|
+$2.02M |
| 4 |
iShares National Muni Bond ETF
MUB
|
+$419K |
| 5 |
NFP
NATIONAL FINANCIAL PARTNERS CORP
NFP
|
+$304K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 3.27% |
| 2 | Consumer Staples | 0.96% |
| 3 | Technology | 0.37% |
| 4 | Energy | 0.26% |
| 5 | Healthcare | 0.25% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Nike
NKE
$61.9B
| $221K | 0.12% |
+6,072
| New | +$198K |
|
27
Bank of Montreal
BMO
$126B
| $220K | 0.12% |
3,290
-607
| -16% | -$38.1K |
|
28
Microsoft
MSFT
$3.45T
| $220K | 0.12% |
+6,614
| New | +$218K |
|
29
PepsiCo
PEP
$190B
| $220K | 0.12% |
+2,761
| New | +$227K |
|
|
KRFT
30
DELISTED
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
| $217K | 0.12% |
4,143
| – | – |
|
31
Intel
INTC
$455B
| $204K | 0.11% |
+8,911
| New | +$205K |
|
32
McDonald's
MCD
$192B
| – | – |
-2,927
| Closed | -$290K |
|
|
NFP
33
DELISTED
NATIONAL FINANCIAL PARTNERS CORP
NFP
| – | – |
-12,000
| Closed | -$304K |
|
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First Business Financial Services's Q3 2013 Portfolio in Review
As of Q3 2013, First Business Financial Services held 33 positions worth $188M, up 10% from $171M the previous quarter. Its ten largest holdings account for 91% of the portfolio.
First Business Financial Services deployed $7.88M of net new capital in Q3 2013, opening 7 new positions and adding to 10 existing holdings. Its largest new stake was PepsiCo: 2,761 shares worth $220K.
By sector, the portfolio is most concentrated in Financials at 3.3% of assets, down from 3.6% a quarter earlier, followed by Consumer Staples and Technology.
On the sell side, the largest reduction was State Street Financial Select Sector SPDR ETF, an estimated $3.36M trimmed.
- First Business Financial Services's largest Q3 2013 buy was PepsiCo: 2,761 shares worth $220K.
- First Business Financial Services added most to State Street Consumer Discretionary Select Sector SPDR ETF in Q3 2013, an estimated $4M increase.
- First Business Financial Services's biggest Q3 2013 reduction was State Street Financial Select Sector SPDR ETF, cutting an estimated $3.36M.
- First Business Financial Services fully exited NATIONAL FINANCIAL PARTNERS CORP in Q3 2013, selling an estimated $304K.
- First Business Financial Services's ten largest holdings make up 91% of its $188M portfolio in Q3 2013.
- First Business Financial Services opened 7 new positions and closed 2 in Q3 2013.
- First Business Financial Services's portfolio value rose 10% quarter-over-quarter to $188M.
Based on First Business Financial Services's 13F filing for Q3 2013, filed 25 Oct 2013.