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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
SLB icon
51
SLB Ltd
SLB
$76.9B
$1.58M 0.19%
32,084
+355
+1% +$16.9K
COST icon
52
Costco
COST
$419B
$1.54M 0.19%
2,853
+7
+0.2% +$3.54K
TJX icon
53
TJX Companies
TJX
$178B
$1.53M 0.19%
18,064
+121
+0.7% +$9.54K
PRU icon
54
Prudential Financial
PRU
$41.9B
$1.53M 0.19%
17,345
-48
-0.3% -$4.02K
XOM icon
55
ExxonMobil
XOM
$638B
$1.52M 0.19%
14,138
-785
-5% -$85.7K
XLI icon
56
State Street Industrial Select Sector SPDR ETF
XLI
$33.7B
$1.5M 0.19%
14,013
– –
DRI icon
57
Darden Restaurants
DRI
$23.8B
$1.47M 0.18%
8,785
+97
+1% +$15.2K
DIS icon
58
Walt Disney
DIS
$180B
$1.46M 0.18%
16,401
+472
+3% +$44.7K
ICE icon
59
Intercontinental Exchange
ICE
$83.3B
$1.44M 0.18%
12,727
+123
+1% +$13.3K
IWB icon
60
iShares Russell 1000 ETF
IWB
$49.7B
$1.36M 0.17%
5,578
– –
CTVA icon
61
Corteva
CTVA
$51.4B
$1.36M 0.17%
+23,661
New +$1.38M
PAYX icon
62
Paychex
PAYX
$42.5B
$1.33M 0.16%
11,904
+44
+0.4% +$4.81K
ABT icon
63
Abbott
ABT
$186B
$1.3M 0.16%
11,956
+26
+0.2% +$2.77K
JCI icon
64
Johnson Controls International
JCI
$93.6B
$1.23M 0.15%
18,114
-73
-0.4% -$4.49K
USMV icon
65
iShares MSCI USA Min Vol Factor ETF
USMV
$24B
$1.2M 0.15%
16,093
– –
PM icon
66
Philip Morris
PM
$295B
$1.18M 0.15%
12,068
– –
GD icon
67
General Dynamics
GD
$105B
$1.17M 0.14%
5,451
+19
+0.3% +$4.1K
IWM icon
68
iShares Russell 2000 ETF
IWM
$82.3B
$1.16M 0.14%
6,206
– –
VB icon
69
Vanguard Morningstar Small-Cap ETF
VB
$81.5B
$1.15M 0.14%
5,773
+37
+0.6% +$6.99K
MRK icon
70
Merck
MRK
$317B
$1.13M 0.14%
9,768
-10,802
-53% -$1.23M
WTRG icon
71
Essential Utilities
WTRG
$11.3B
$1.12M 0.14%
27,982
+370
+1% +$15.5K
KR icon
72
Kroger
KR
$35.1B
$1.12M 0.14%
23,755
+85
+0.4% +$4.05K
EOG icon
73
EOG Resources
EOG
$70.9B
$1.08M 0.13%
+9,452
New +$1.08M
QCOM icon
74
Qualcomm
QCOM
$168B
$1.06M 0.13%
8,938
+557
+7% +$64K
V icon
75
Visa
V
$689B
$1.01M 0.12%
4,232
– –
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.