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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
$811M
AUM Growth
+$13.9M
Cap. Flow
-$26.3M
Cap. Flow %
-3.24%
Top 10 Hldgs %
77.08%
Holding
180
New
12
Increased
55
Reduced
38
Closed
13

Top Buys

Rank Stock Value
1
IQV icon
IQVIA
IQV
+$1.63M
2
CTVA icon
Corteva
CTVA
+$1.38M
3
EOG icon
EOG Resources
EOG
+$1.08M
4
PWR icon
Quanta Services
PWR
+$797K
5
CIEN icon
Ciena
CIEN
+$786K

Top Sells

Rank Stock Value
1
VNQ icon
Vanguard Real Estate ETF
VNQ
+$16M
2
VTI icon
Vanguard Morningstar Total Stock Market ETF
VTI
+$3.73M
3
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$1.66M
4
IEFA icon
iShares Core MSCI EAFE ETF
IEFA
+$1.63M
5
MTUM icon
iShares MSCI USA Momentum Factor ETF
MTUM
+$1.48M

Sector Composition

Rank Sector Weight
1 Technology 5.71%
2 Financials 3.17%
3 Healthcare 2.77%
4 Industrials 1.59%
5 Consumer Staples 1.59%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
XLE icon
26
State Street Energy Select Sector SPDR ETF
XLE
$37.7B
$2.31M 0.29%
56,984
+772
+1% +$31.4K
COR icon
27
Cencora
COR
$61.5B
$2.24M 0.28%
11,616
+217
+2% +$37.5K
KO icon
28
Coca-Cola
KO
$373B
$2.16M 0.27%
35,905
-1,000
-3% -$62.2K
MCD icon
29
McDonald's
MCD
$195B
$2.12M 0.26%
7,114
-525
-7% -$153K
ANET icon
30
Arista Networks
ANET
$252B
$2.1M 0.26%
51,828
+176
+0.3% +$6.8K
ADBE icon
31
Adobe
ADBE
$102B
$1.98M 0.24%
4,056
+64
+2% +$25.8K
HD icon
32
Home Depot
HD
$351B
$1.93M 0.24%
6,199
– –
TXN icon
33
Texas Instruments
TXN
$254B
$1.91M 0.24%
10,634
+95
+0.9% +$16.4K
UNH icon
34
UnitedHealth
UNH
$372B
$1.89M 0.23%
3,939
+8
+0.2% +$3.91K
ELV icon
35
Elevance Health
ELV
$83.9B
$1.89M 0.23%
4,244
+30
+0.7% +$13.8K
AMZN icon
36
Amazon
AMZN
$2.98T
$1.87M 0.23%
14,361
-139
-1% -$15.9K
SYK icon
37
Stryker
SYK
$128B
$1.86M 0.23%
6,082
+116
+2% +$33.5K
TMUS icon
38
T-Mobile US
TMUS
$184B
$1.84M 0.23%
13,246
+236
+2% +$33.1K
ABBV icon
39
AbbVie
ABBV
$437B
$1.84M 0.23%
13,628
-140
-1% -$20.5K
IQV icon
40
IQVIA
IQV
$38.7B
$1.83M 0.23%
+8,122
New +$1.63M
LRCX icon
41
Lam Research
LRCX
$388B
$1.8M 0.22%
28,050
+50
+0.2% +$2.82K
JNJ icon
42
Johnson & Johnson
JNJ
$620B
$1.73M 0.21%
10,436
-600
-5% -$96.8K
EA icon
43
Electronic Arts
EA
$52.9B
$1.7M 0.21%
13,145
+139
+1% +$17.6K
LOW icon
44
Lowe's Companies
LOW
$123B
$1.7M 0.21%
7,539
+53
+0.7% +$11K
PG icon
45
Procter & Gamble
PG
$339B
$1.66M 0.21%
10,960
+19
+0.2% +$2.86K
RSG icon
46
Republic Services
RSG
$63.4B
$1.66M 0.2%
10,838
+38
+0.4% +$5.43K
NVDA icon
47
NVIDIA
NVDA
$5.32T
$1.65M 0.2%
39,010
-3,020
-7% -$100K
CSX icon
48
CSX Corp
CSX
$94B
$1.65M 0.2%
48,348
+1,645
+4% +$52K
AMGN icon
49
Amgen
AMGN
$221B
$1.62M 0.2%
7,317
+33
+0.5% +$7.66K
BAC icon
50
Bank of America
BAC
$443B
$1.6M 0.2%
55,705
+357
+0.6% +$10.2K
1
2
3 4 5

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First Business Financial Services's Q2 2023 Portfolio in Review

As of Q2 2023, First Business Financial Services held 180 positions worth $811M, up 1.7% from $797M the previous quarter. Its ten largest holdings account for 77% of the portfolio.

First Business Financial Services withdrew a net $26.3M in Q2 2023, closing 13 positions and reducing 38 holdings. Its most notable exit was Vanguard Real Estate ETF, an estimated $16M position sold in full.

By sector, the portfolio is most concentrated in Technology at 5.7% of assets, up from 5.2% a quarter earlier, followed by Financials and Healthcare.

Against the trend, First Business Financial Services opened a new position in IQVIA worth $1.83M.

  • First Business Financial Services's largest Q2 2023 buy was IQVIA: 8,122 shares worth $1.83M.
  • First Business Financial Services added most to Quanta Services in Q2 2023, an estimated $797K increase.
  • First Business Financial Services's biggest Q2 2023 reduction was Vanguard Morningstar Total Stock Market ETF, cutting an estimated $3.73M.
  • First Business Financial Services fully exited Vanguard Real Estate ETF in Q2 2023, selling an estimated $16M.
  • First Business Financial Services's ten largest holdings make up 77% of its $811M portfolio in Q2 2023.
  • First Business Financial Services opened 12 new positions and closed 13 in Q2 2023.
  • First Business Financial Services's portfolio value rose 1.7% quarter-over-quarter to $811M.

Based on First Business Financial Services's 13F filing for Q2 2023, filed 7 Aug 2023.