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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
+3.78%
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
$269M
AUM Growth
+$17.8M
Cap. Flow
+$8.62M
Cap. Flow %
3.2%
Top 10 Hldgs %
89.78%
Holding
79
New
7
Increased
11
Reduced
42
Closed
13

Top Buys

Rank Stock Value
1
XLE icon
State Street Energy Select Sector SPDR ETF
XLE
+$6.27M
2
VTI icon
Vanguard Morningstar Total Stock Market ETF
VTI
+$5.08M
3
IWF icon
iShares Russell 1000 Growth ETF
IWF
+$3.21M
4
IWD icon
iShares Russell 1000 Value ETF
IWD
+$2.63M
5
EFA icon
iShares MSCI EAFE ETF
EFA
+$1.93M

Top Sells

Rank Stock Value
1
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$2.27M
2
XLV icon
State Street Health Care Select Sector SPDR ETF
XLV
+$2.04M
3
XLK icon
State Street Technology Select Sector SPDR ETF
XLK
+$1.94M
4
BND icon
Vanguard Total Bond Market
BND
+$797K
5
XLI icon
State Street Industrial Select Sector SPDR ETF
XLI
+$540K

Sector Composition

Rank Sector Weight
1 Financials 4.7%
2 Consumer Staples 1.11%
3 Industrials 0.89%
4 Consumer Discretionary 0.49%
5 Technology 0.45%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TPR icon
76
Tapestry
TPR
$30.8B
– –
-4,037
Closed -$200K
XLI icon
77
State Street Industrial Select Sector SPDR ETF
XLI
$32.5B
– –
-10,316
Closed -$540K
XLY icon
78
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$21.9B
– –
-16,184
Closed -$524K
CB
79
DELISTED
CHUBB CORPORATION
CB
– –
-2,501
Closed -$223K
1 2 3
4

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First Business Financial Services's Q2 2014 Portfolio in Review

As of Q2 2014, First Business Financial Services held 79 positions worth $269M, up 7.1% from $251M the previous quarter. Its ten largest holdings account for 90% of the portfolio.

First Business Financial Services deployed $8.62M of net new capital in Q2 2014, opening 7 new positions and adding to 11 existing holdings. Its largest new stake was State Street Energy Select Sector SPDR ETF: 132,482 shares worth $6.63M.

By sector, the portfolio is most concentrated in Financials at 4.7% of assets, down from 5.1% a quarter earlier, followed by Consumer Staples and Industrials.

On the sell side, the largest reduction was iShares Core US Aggregate Bond ETF, an estimated $2.27M trimmed.

  • First Business Financial Services's largest Q2 2014 buy was State Street Energy Select Sector SPDR ETF: 132,482 shares worth $6.63M.
  • First Business Financial Services added most to Vanguard Morningstar Total Stock Market ETF in Q2 2014, an estimated $5.08M increase.
  • First Business Financial Services's biggest Q2 2014 reduction was iShares Core US Aggregate Bond ETF, cutting an estimated $2.27M.
  • First Business Financial Services fully exited State Street Industrial Select Sector SPDR ETF in Q2 2014, selling an estimated $540K.
  • First Business Financial Services's ten largest holdings make up 90% of its $269M portfolio in Q2 2014.
  • First Business Financial Services opened 7 new positions and closed 13 in Q2 2014.
  • First Business Financial Services's portfolio value rose 7.1% quarter-over-quarter to $269M.

Based on First Business Financial Services's 13F filing for Q2 2014, filed 5 Aug 2014.