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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
+1.89%
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
$431M
AUM Growth
+$22.5M
(+5.5%)
Cap. Flow
+$16.3M
Cap. Flow
% of AUM
3.77%
Top 10 Holdings %
Top 10 Hldgs %
88.57%
Holding
82
New
12
Increased
15
Reduced
26
Closed
12
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$6.49M |
| 2 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$5.54M |
| 3 |
iShares MSCI EAFE ETF
EFA
|
+$4.03M |
| 4 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$3.38M |
| 5 |
Schwab US Broad Market ETF
SCHB
|
+$1.62M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Communication Services ETF
VOX
|
+$7.22M |
| 2 |
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
|
+$880K |
| 3 |
Genuine Parts
GPC
|
+$539K |
| 4 |
Southwest Airlines
LUV
|
+$527K |
| 5 |
Microchip Technology
MCHP
|
+$506K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 3.4% |
| 2 | Consumer Discretionary | 0.76% |
| 3 | Consumer Staples | 0.56% |
| 4 | Technology | 0.56% |
| 5 | Industrials | 0.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Moody's
MCO
$82.8B
| $394K | 0.09% |
4,176
-130
| -3% | -$13.1K |
|
52
Elevance Health
ELV
$81.5B
| $390K | 0.09% |
2,711
-171
| -6% | -$22.9K |
|
53
W.W. Grainger
GWW
$65.3B
| $383K | 0.09% |
1,647
-104
| -6% | -$23.2K |
|
54
Bank of Montreal
BMO
$126B
| $379K | 0.09% |
5,268
| – | – |
|
55
Alibaba
BABA
$293B
| $351K | 0.08% |
4,000
| – | – |
|
56
Kraft Heinz
KHC
$30.7B
| $325K | 0.08% |
3,721
-69
| -2% | -$5.9K |
|
57
Kroger
KR
$35.4B
| $298K | 0.07% |
8,643
-1,635
| -16% | -$53.3K |
|
58
McDonald's
MCD
$192B
| $296K | 0.07% |
2,434
+220
| +10% | +$25.8K |
|
59
Microsoft
MSFT
$3.45T
| $258K | 0.06% |
+4,158
| New | +$250K |
|
60
GE Aerospace
GE
$374B
| $256K | 0.06% |
+1,691
| New | +$246K |
|
61
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.2B
| $252K | 0.06% |
4,873
| – | – |
|
62
Berkshire Hathaway Class A
BRK.A
$1.1T
| $244K | 0.06% |
1
| – | – |
|
63
Amgen
AMGN
$208B
| $240K | 0.06% |
1,640
-1,057
| -39% | -$159K |
|
64
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$3.05B
| $238K | 0.06% |
+5,025
| New | +$243K |
|
65
PNC Financial Services
PNC
$99.7B
| $230K | 0.05% |
+1,968
| New | +$205K |
|
66
CVS Health
CVS
$133B
| $223K | 0.05% |
2,827
-1,290
| -31% | -$104K |
|
67
AT&T
T
$159B
| $208K | 0.05% |
+6,492
| New | +$192K |
|
68
Lowe's Companies
LOW
$117B
| $206K | 0.05% |
2,895
-2,609
| -47% | -$185K |
|
69
Invesco S&P 500 Equal Weight ETF
RSP
$97B
| $201K | 0.05% |
+2,323
| New | +$196K |
|
70
Sprott Physical Gold
PHYS
$14.6B
| $182K | 0.04% |
19,350
+9,300
| +93% | +$93.2K |
|
71
Church & Dwight Co
CHD
$23.4B
| – | – |
-8,368
| Closed | -$401K |
|
72
Cincinnati Financial
CINF
$27.3B
| – | – |
-6,555
| Closed | -$494K |
|
|
73
Genuine Parts
GPC
$17.1B
| – | – |
-5,365
| Closed | -$539K |
|
74
Lincoln National
LNC
$8.73B
| – | – |
-8,582
| Closed | -$403K |
|
|
75
Southwest Airlines
LUV
$22B
| – | – |
-13,549
| Closed | -$527K |
|
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First Business Financial Services's Q4 2016 Portfolio in Review
As of Q4 2016, First Business Financial Services held 82 positions worth $431M, up 5.5% from $409M the previous quarter. Its ten largest holdings account for 89% of the portfolio.
First Business Financial Services deployed $16.3M of net new capital in Q4 2016, opening 12 new positions and adding to 15 existing holdings. Its largest new stake was State Street Financial Select Sector SPDR ETF: 302,342 shares worth $7.03M.
By sector, the portfolio is most concentrated in Financials at 3.4% of assets, down from 3.6% a quarter earlier, followed by Consumer Discretionary and Consumer Staples.
On the sell side, the largest reduction was Vanguard Communication Services ETF, an estimated $7.22M trimmed.
- First Business Financial Services's largest Q4 2016 buy was State Street Financial Select Sector SPDR ETF: 302,342 shares worth $7.03M.
- First Business Financial Services added most to Vanguard Morningstar Total Stock Market ETF in Q4 2016, an estimated $5.54M increase.
- First Business Financial Services's biggest Q4 2016 reduction was Vanguard Communication Services ETF, cutting an estimated $7.22M.
- First Business Financial Services fully exited Genuine Parts in Q4 2016, selling an estimated $539K.
- First Business Financial Services's ten largest holdings make up 89% of its $431M portfolio in Q4 2016.
- First Business Financial Services opened 12 new positions and closed 12 in Q4 2016.
- First Business Financial Services's portfolio value rose 5.5% quarter-over-quarter to $431M.
Based on First Business Financial Services's 13F filing for Q4 2016, filed 10 Feb 2017.