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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
+4.59%
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
$545M
AUM Growth
+$42.5M
(+8.5%)
Cap. Flow
+$19.9M
Cap. Flow
% of AUM
3.65%
Top 10 Holdings %
Top 10 Hldgs %
90.21%
Holding
88
New
8
Increased
52
Reduced
4
Closed
10
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$3.87M |
| 2 |
iShares MSCI EAFE ETF
EFA
|
+$2.66M |
| 3 |
iShares Core US Aggregate Bond ETF
AGG
|
+$2.54M |
| 4 |
iShares Russell 1000 Growth ETF
IWF
|
+$1.39M |
| 5 |
iShares Russell 2000 ETF
IWM
|
+$1.18M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Moody's
MCO
|
+$692K |
| 2 |
Lam Research
LRCX
|
+$624K |
| 3 |
Cboe Global Markets
CBOE
|
+$510K |
| 4 |
Ross Stores
ROST
|
+$507K |
| 5 |
Public Storage
PSA
|
+$497K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 90.47% |
| 2 | Financials | 3.43% |
| 3 | Technology | 1.41% |
| 4 | Healthcare | 1.32% |
| 5 | Consumer Discretionary | 1.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
AT&T
T
$175B
| $262K | 0.05% |
8,905
+1,912
| +27% | +$52.2K |
|
77
Citigroup
C
$229B
| $225K | 0.04% |
3,025
| – | – |
|
78
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.4B
| $207K | 0.04% |
+600
| New | +$202K |
|
79
Alaska Air
ALK
$4.55B
| – | – |
-6,164
| Closed | -$470K |
|
|
80
Cboe Global Markets
CBOE
$30.6B
| – | – |
-4,739
| Closed | -$510K |
|
81
Everest Group
EG
$14.2B
| – | – |
-1,775
| Closed | -$405K |
|
82
GE Aerospace
GE
$347B
| – | – |
-1,830
| Closed | -$212K |
|
|
83
Lam Research
LRCX
$401B
| – | – |
-33,730
| Closed | -$624K |
|
|
84
Moody's
MCO
$83.3B
| – | – |
-4,973
| Closed | -$692K |
|
85
Packaging Corp of America
PKG
$20.7B
| – | – |
-4,297
| Closed | -$493K |
|
|
86
Public Storage
PSA
$55.5B
| – | – |
-2,321
| Closed | -$497K |
|
|
87
Ross Stores
ROST
$73.3B
| – | – |
-7,856
| Closed | -$507K |
|
|
XL
88
DELISTED
XL Group Ltd.
XL
| – | – |
-12,031
| Closed | -$475K |
|
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First Business Financial Services's Q4 2017 Portfolio in Review
As of Q4 2017, First Business Financial Services held 88 positions worth $545M, up 8.5% from $503M the previous quarter. Its ten largest holdings account for 90% of the portfolio.
First Business Financial Services deployed $19.9M of net new capital in Q4 2017, opening 8 new positions and adding to 52 existing holdings. Its largest new stake was Cardinal Health: 13,400 shares worth $821K.
By sector, the portfolio is most concentrated in Miscellaneous at 90% of assets, down from 91% a quarter earlier, followed by Financials and Technology.
On the sell side, the largest reduction was iShares National Muni Bond ETF, an estimated $177K trimmed.
- First Business Financial Services's largest Q4 2017 buy was Cardinal Health: 13,400 shares worth $821K.
- First Business Financial Services added most to Vanguard Morningstar Total Stock Market ETF in Q4 2017, an estimated $3.87M increase.
- First Business Financial Services's biggest Q4 2017 reduction was iShares National Muni Bond ETF, cutting an estimated $177K.
- First Business Financial Services fully exited Moody's in Q4 2017, selling an estimated $692K.
- First Business Financial Services's ten largest holdings make up 90% of its $545M portfolio in Q4 2017.
- First Business Financial Services opened 8 new positions and closed 10 in Q4 2017.
- First Business Financial Services's portfolio value rose 8.5% quarter-over-quarter to $545M.
Based on First Business Financial Services's 13F filing for Q4 2017, filed 7 Feb 2018.