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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
+1.32%
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
$585M
AUM Growth
+$9.4M
Cap. Flow
+$3.44M
Cap. Flow %
0.59%
Top 10 Hldgs %
85.37%
Holding
123
New
6
Increased
26
Reduced
27
Closed
5

Top Buys

Rank Stock Value
1
USMV icon
iShares MSCI USA Min Vol Factor ETF
USMV
+$46.7M
2
IEFA icon
iShares Core MSCI EAFE ETF
IEFA
+$3.85M
3
IWD icon
iShares Russell 1000 Value ETF
IWD
+$1.27M
4
IJR icon
iShares Core S&P Small-Cap ETF
IJR
+$1.15M
5
IJH icon
iShares Core S&P Mid-Cap ETF
IJH
+$645K

Top Sells

Rank Stock Value
1
VTI icon
Vanguard Morningstar Total Stock Market ETF
VTI
+$42.4M
2
SCHB icon
Schwab US Broad Market ETF
SCHB
+$6.39M
3
EFA icon
iShares MSCI EAFE ETF
EFA
+$792K
4
FISV
Fiserv Inc
FISV
+$539K
5
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$411K

Sector Composition

Rank Sector Weight
1 Technology 4.43%
2 Financials 3.75%
3 Healthcare 1.4%
4 Consumer Staples 1.22%
5 Consumer Discretionary 0.83%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
INTC icon
51
Intel
INTC
$509B
$687K 0.12%
13,329
-714
-5% -$35.1K
ELV icon
52
Elevance Health
ELV
$82B
$670K 0.11%
2,790
– –
IWO icon
53
iShares Russell 2000 Growth ETF
IWO
$15B
$660K 0.11%
3,427
+295
+9% +$58.5K
NOC icon
54
Northrop Grumman
NOC
$78.4B
$639K 0.11%
1,705
– –
JNJ icon
55
Johnson & Johnson
JNJ
$614B
$636K 0.11%
4,918
-175
-3% -$23.1K
BABA icon
56
Alibaba
BABA
$309B
$635K 0.11%
3,795
– –
AVGO icon
57
Broadcom
AVGO
$1.99T
$634K 0.11%
22,970
-390
-2% -$11.1K
MRK icon
58
Merck
MRK
$316B
$634K 0.11%
7,894
-251
-3% -$20.1K
MDLZ icon
59
Mondelez International
MDLZ
$79.2B
$618K 0.11%
11,164
– –
IWN icon
60
iShares Russell 2000 Value ETF
IWN
$14.7B
$615K 0.11%
5,152
+523
+11% +$61.8K
NTRS icon
61
Northern Trust
NTRS
$33.4B
$605K 0.1%
6,484
– –
KR icon
62
Kroger
KR
$35.4B
$601K 0.1%
23,304
– –
PFG icon
63
Principal Financial Group
PFG
$24.7B
$601K 0.1%
10,522
– –
INOV
64
DELISTED
Inovalon Holdings, Inc. Class A Common Stock
INOV
$600K 0.1%
36,616
+721
+2% +$11.5K
VB icon
65
Vanguard Morningstar Small-Cap ETF
VB
$82.3B
$592K 0.1%
3,845
– –
WDC icon
66
Western Digital
WDC
$189B
$577K 0.1%
12,807
– –
GOOGL icon
67
Alphabet (Google) Class A
GOOGL
$4.62T
$567K 0.1%
9,280
+40
+0.4% +$2.37K
WBA
68
DELISTED
Walgreens Boots Alliance
WBA
$555K 0.09%
10,034
+100
+1% +$5.36K
ABBV icon
69
AbbVie
ABBV
$431B
$552K 0.09%
7,287
-200
-3% -$13.7K
MCD icon
70
McDonald's
MCD
$191B
$528K 0.09%
2,461
-596
-19% -$128K
XOM icon
71
ExxonMobil
XOM
$638B
$522K 0.09%
7,394
+325
+5% +$23.5K
CFG icon
72
Citizens Financial Group
CFG
$31.1B
$509K 0.09%
14,396
– –
COR icon
73
Cencora
COR
$59.6B
$496K 0.08%
6,028
– –
LNC icon
74
Lincoln National
LNC
$9B
$468K 0.08%
7,763
– –
SWKS icon
75
Skyworks Solutions
SWKS
$10.1B
$464K 0.08%
5,859
– –
1 2
3
4 5

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First Business Financial Services's Q3 2019 Portfolio in Review

As of Q3 2019, First Business Financial Services held 123 positions worth $585M, up 1.6% from $576M the previous quarter. Its ten largest holdings account for 85% of the portfolio.

First Business Financial Services's Q3 2019 filing shows 6 new, 26 increased, 27 reduced and 5 closed positions. Its largest new stake was iShares MSCI USA Min Vol Factor ETF: 736,940 shares worth $47.2M. The largest sale was Vanguard Morningstar Total Stock Market ETF, an estimated $42.4M.

By sector, the portfolio is most concentrated in Technology at 4.4% of assets, up from 4.2% a quarter earlier, followed by Financials and Healthcare.

  • First Business Financial Services's largest Q3 2019 buy was iShares MSCI USA Min Vol Factor ETF: 736,940 shares worth $47.2M.
  • First Business Financial Services added most to iShares Core MSCI EAFE ETF in Q3 2019, an estimated $3.85M increase.
  • First Business Financial Services's biggest Q3 2019 reduction was Vanguard Morningstar Total Stock Market ETF, cutting an estimated $42.4M.
  • First Business Financial Services fully exited Schwab US Broad Market ETF in Q3 2019, selling an estimated $6.39M.
  • First Business Financial Services's ten largest holdings make up 85% of its $585M portfolio in Q3 2019.
  • First Business Financial Services opened 6 new positions and closed 5 in Q3 2019.
  • First Business Financial Services's portfolio value rose 1.6% quarter-over-quarter to $585M.

Based on First Business Financial Services's 13F filing for Q3 2019, filed 5 Nov 2019.