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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
+4.14%
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
$474M
AUM Growth
+$42.9M
(+9.9%)
Cap. Flow
+$24.7M
Cap. Flow
% of AUM
5.21%
Top 10 Holdings %
Top 10 Hldgs %
89.32%
Holding
88
New
18
Increased
39
Reduced
9
Closed
12
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Russell 2000 ETF
IWM
|
+$25.4M |
| 2 |
State Street Industrial Select Sector SPDR ETF
XLI
|
+$18.2M |
| 3 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$17.2M |
| 4 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$10.7M |
| 5 |
iShares Core US Aggregate Bond ETF
AGG
|
+$6.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Russell 1000 ETF
IWB
|
+$24.8M |
| 2 |
State Street Technology Select Sector SPDR ETF
XLK
|
+$17.2M |
| 3 |
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
|
+$14.6M |
| 4 |
Vanguard Communication Services ETF
VOX
|
+$7.4M |
| 5 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$3.52M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 3.59% |
| 2 | Consumer Staples | 1.05% |
| 3 | Consumer Discretionary | 0.91% |
| 4 | Technology | 0.78% |
| 5 | Industrials | 0.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Sprott Physical Gold
PHYS
$14.6B
| $198K | 0.04% |
19,350
| – | – |
|
77
Kroger
KR
$35.4B
| – | – |
-8,643
| Closed | -$298K |
|
78
Macy's
M
$6.53B
| – | – |
-11,654
| Closed | -$417K |
|
79
Northrop Grumman
NOC
$77.1B
| – | – |
-2,115
| Closed | -$492K |
|
80
Progressive
PGR
$123B
| – | – |
-11,930
| Closed | -$424K |
|
81
Schwab US Broad Market ETF
SCHB
$43.2B
| – | – |
-184,242
| Closed | -$1.66M |
|
82
AT&T
T
$159B
| – | – |
-6,492
| Closed | -$208K |
|
83
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$3.05B
| – | – |
-5,025
| Closed | -$238K |
|
|
84
Vanguard Communication Services ETF
VOX
$5.59B
| – | – |
-73,927
| Closed | -$7.4M |
|
|
85
State Street Technology Select Sector SPDR ETF
XLK
$115B
| – | – |
-713,220
| Closed | -$17.2M |
|
86
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.2B
| – | – |
-4,873
| Closed | -$252K |
|
|
87
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$22.6B
| – | – |
-359,396
| Closed | -$14.6M |
|
|
IOC
88
DELISTED
Interoil Corporation
IOC
| – | – |
-9,000
| Closed | -$428K |
|
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First Business Financial Services's Q1 2017 Portfolio in Review
As of Q1 2017, First Business Financial Services held 88 positions worth $474M, up 9.9% from $431M the previous quarter. Its ten largest holdings account for 89% of the portfolio.
First Business Financial Services deployed $24.7M of net new capital in Q1 2017, opening 18 new positions and adding to 39 existing holdings. Its largest new stake was State Street Industrial Select Sector SPDR ETF: 281,217 shares worth $18.3M.
By sector, the portfolio is most concentrated in Financials at 3.6% of assets, up from 3.4% a quarter earlier, followed by Consumer Staples and Consumer Discretionary.
On the sell side, the largest reduction was iShares Russell 1000 ETF, an estimated $24.8M trimmed.
- First Business Financial Services's largest Q1 2017 buy was State Street Industrial Select Sector SPDR ETF: 281,217 shares worth $18.3M.
- First Business Financial Services added most to iShares Russell 2000 ETF in Q1 2017, an estimated $25.4M increase.
- First Business Financial Services's biggest Q1 2017 reduction was iShares Russell 1000 ETF, cutting an estimated $24.8M.
- First Business Financial Services fully exited State Street Technology Select Sector SPDR ETF in Q1 2017, selling an estimated $17.2M.
- First Business Financial Services's ten largest holdings make up 89% of its $474M portfolio in Q1 2017.
- First Business Financial Services opened 18 new positions and closed 12 in Q1 2017.
- First Business Financial Services's portfolio value rose 9.9% quarter-over-quarter to $474M.
Based on First Business Financial Services's 13F filing for Q1 2017, filed 11 May 2017.