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FBFS

First Business Financial Services Portfolio holdings

AUM $1.12B
1-Year Est. Return 22.16%
This Fund
S&P 500
This Quarter Est. Return
-0.47%
1 Year Est. Return
+22.16%
3 Year Est. Return
+59.84%
5 Year Est. Return
+59.27%
10 Year Est. Return
+176.73%
AUM
$1.12B
AUM Growth
+$35.7M
Cap. Flow
+$53M
Cap. Flow %
4.71%
Top 10 Hldgs %
69.84%
Holding
195
New
27
Increased
86
Reduced
13
Closed
3

Top Buys

Rank Stock Value
1
JPST icon
JPMorgan Ultra-Short Income ETF
JPST
+$6.68M
2
VTIP icon
Vanguard Short-Term Inflation-Protected Securities Index Fund
VTIP
+$6.61M
3
IEFA icon
iShares Core MSCI EAFE ETF
IEFA
+$3.95M
4
VTI icon
Vanguard Total Stock Market ETF
VTI
+$2.78M
5
RSSB icon
Return Stacked Global Stocks & Bonds ETF
RSSB
+$2.23M

Top Sells

Rank Stock Value
1
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$584K
2
GLD icon
SPDR Gold Trust
GLD
+$448K
3
FIS icon
Fidelity National Information Services
FIS
+$263K
4
WFC icon
Wells Fargo
WFC
+$230K
5
EXAS
Exact Sciences
EXAS
+$225K

Sector Composition

Rank Sector Weight
1 Technology 8.69%
2 Financials 5.03%
3 Communication Services 2.27%
4 Industrials 2.23%
5 Healthcare 1.94%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
APO icon
76
Apollo Global Management
APO
$70.7B
$1.21M 0.11%
10,902
+2,266
+26% +$281K
XLF icon
77
State Street Financial Select Sector SPDR ETF
XLF
$55.6B
$1.19M 0.11%
24,095
– –
JNJ icon
78
Johnson & Johnson
JNJ
$635B
$1.14M 0.1%
4,647
+12
+0.3% +$2.79K
VOX icon
79
Vanguard Communication Services ETF
VOX
$5.53B
$1.12M 0.1%
6,200
– –
WMT icon
80
Walmart Inc
WMT
$871B
$1.1M 0.1%
8,814
+505
+6% +$62K
ATI icon
81
ATI
ATI
$27B
$1.09M 0.1%
7,484
– –
MRK icon
82
Merck
MRK
$324B
$1.06M 0.09%
8,804
– –
BRK.B icon
83
Berkshire Hathaway Class B
BRK.B
$1.07T
$1.05M 0.09%
2,199
+152
+7% +$74.6K
CRM icon
84
Salesforce
CRM
$134B
$991K 0.09%
5,309
+1,014
+24% +$210K
IWO icon
85
iShares Russell 2000 Growth ETF
IWO
$14.5B
$983K 0.09%
3,132
– –
ASML icon
86
ASML
ASML
$675B
$967K 0.09%
732
– –
VO icon
87
Vanguard Mid-Cap ETF
VO
$106B
$920K 0.08%
12,820
+944
+8% +$70.1K
IWN icon
88
iShares Russell 2000 Value ETF
IWN
$14.4B
$873K 0.08%
4,604
– –
NULV icon
89
Nuveen ESG Large-Cap Value ETF
NULV
$2.16B
$861K 0.08%
18,931
-254
-1% -$11.9K
XLC icon
90
State Street Communication Services Select Sector SPDR ETF
XLC
$21.9B
$811K 0.07%
7,317
– –
USMV icon
91
iShares MSCI USA Min Vol Factor ETF
USMV
$23.2B
$806K 0.07%
8,694
– –
BLK icon
92
Blackrock
BLK
$164B
$803K 0.07%
835
– –
ETN icon
93
Eaton
ETN
$157B
$777K 0.07%
2,173
+167
+8% +$59.4K
PG icon
94
Procter & Gamble
PG
$343B
$774K 0.07%
5,360
-1,000
-16% -$152K
ACN icon
95
Accenture
ACN
$89.9B
$771K 0.07%
3,889
+5
+0.1% +$1.17K
TDG icon
96
TransDigm Group
TDG
$69.2B
$756K 0.07%
652
– –
CTA icon
97
Simplify Managed Futures Strategy ETF
CTA
$1.65B
$731K 0.07%
+24,179
New +$703K
AMD icon
98
Advanced Micro Devices
AMD
$851B
$713K 0.06%
3,506
+360
+11% +$76.9K
SLV icon
99
iShares Silver Trust
SLV
$28.1B
$704K 0.06%
10,330
-1,900
-16% -$144K
MDLZ icon
100
Mondelez International
MDLZ
$77.7B
$698K 0.06%
12,118
– –
2 3
4
5 6

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First Business Financial Services's Q1 2026 Portfolio in Review

As of Q1 2026, First Business Financial Services held 195 positions worth $1.12B, up 3.3% from $1.09B the previous quarter. Its ten largest holdings account for 70% of the portfolio.

First Business Financial Services deployed $53M of net new capital in Q1 2026, opening 27 new positions and adding to 86 existing holdings. Its largest new stake was Vanguard Short-Term Inflation-Protected Securities Index Fund: 132,822 shares worth $6.63M.

By sector, the portfolio is most concentrated in Technology at 8.7% of assets, up from 8.4% a quarter earlier, followed by Financials and Communication Services.

On the sell side, the largest reduction was iShares Core US Aggregate Bond ETF, an estimated $584K trimmed.

  • First Business Financial Services's largest Q1 2026 buy was Vanguard Short-Term Inflation-Protected Securities Index Fund: 132,822 shares worth $6.63M.
  • First Business Financial Services added most to JPMorgan Ultra-Short Income ETF in Q1 2026, an estimated $6.68M increase.
  • First Business Financial Services's biggest Q1 2026 reduction was iShares Core US Aggregate Bond ETF, cutting an estimated $584K.
  • First Business Financial Services fully exited Fidelity National Information Services in Q1 2026, selling an estimated $263K.
  • First Business Financial Services's ten largest holdings make up 70% of its $1.12B portfolio in Q1 2026.
  • First Business Financial Services opened 27 new positions and closed 3 in Q1 2026.
  • First Business Financial Services's portfolio value rose 3.3% quarter-over-quarter to $1.12B.

Based on First Business Financial Services's 13F filing for Q1 2026, filed 1 May 2026.