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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
+11.78%
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
$561M
AUM Growth
-$26.8M
Cap. Flow
-$83.5M
Cap. Flow %
-14.89%
Top 10 Hldgs %
86.82%
Holding
157
New
3
Increased
10
Reduced
62
Closed
52

Top Buys

Rank Stock Value
1
IWD icon
iShares Russell 1000 Value ETF
IWD
+$33.7M
2
IEFA icon
iShares Core MSCI EAFE ETF
IEFA
+$6.1M
3
IJR icon
iShares Core S&P Small-Cap ETF
IJR
+$5.29M
4
VTI icon
Vanguard Morningstar Total Stock Market ETF
VTI
+$5.24M
5
IJH icon
iShares Core S&P Mid-Cap ETF
IJH
+$3.4M

Top Sells

Rank Stock Value
1
IWF icon
iShares Russell 1000 Growth ETF
IWF
+$23.1M
2
XLI icon
State Street Industrial Select Sector SPDR ETF
XLI
+$15.7M
3
SCHB icon
Schwab US Broad Market ETF
SCHB
+$3.69M
4
EFA icon
iShares MSCI EAFE ETF
EFA
+$2.08M
5
IWM icon
iShares Russell 2000 ETF
IWM
+$909K

Sector Composition

Rank Sector Weight
1 Technology 3.74%
2 Financials 3.45%
3 Healthcare 1.49%
4 Consumer Staples 1.14%
5 Consumer Discretionary 0.74%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MDY icon
101
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$27B
$228K 0.04%
660
-20
-3% -$6.73K
VO icon
102
Vanguard Morningstar Mid-Cap ETF
VO
$109B
$227K 0.04%
+5,652
New +$217K
WMT icon
103
Walmart Inc
WMT
$894B
$227K 0.04%
6,975
– –
DAL icon
104
Delta Air Lines
DAL
$61.3B
$224K 0.04%
4,344
– –
NKE icon
105
Nike
NKE
$63B
$212K 0.04%
+2,523
New +$208K
ABT icon
106
Abbott
ABT
$183B
– –
-3,335
Closed -$241K
AMLP icon
107
Alerian MLP ETF
AMLP
$12.8B
– –
-4,973
Closed -$217K
BND icon
108
Vanguard Total Bond Market
BND
$158B
– –
-3,440
Closed -$272K
DD icon
109
DuPont de Nemours
DD
$19.9B
– –
-1,838
Closed -$249K
ETN icon
110
Eaton
ETN
$174B
– –
-4,395
Closed -$302K
F icon
111
Ford
F
$56.3B
– –
-25,425
Closed -$195K
KMB icon
112
Kimberly-Clark
KMB
$37.3B
– –
-2,150
Closed -$245K
MER.PRK
113
Bank of America Income Capital Obligation Notes due December 15 2066
MER.PRK
$1.06B
– –
-7,920
Closed -$200K
VNQ icon
114
Vanguard Real Estate ETF
VNQ
$39.2B
– –
-4,920
Closed -$367K
VZ icon
115
Verizon
VZ
$193B
– –
-4,530
Closed -$255K
WFC icon
116
Wells Fargo
WFC
$270B
– –
-8,173
Closed -$377K
XEL icon
117
Xcel Energy
XEL
$48.2B
– –
-4,872
Closed -$240K
XLI icon
118
State Street Industrial Select Sector SPDR ETF
XLI
$33.9B
– –
-244,270
Closed -$15.7M
1 2 3 4
5

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First Business Financial Services's Q1 2019 Portfolio in Review

As of Q1 2019, First Business Financial Services held 157 positions worth $561M, down 4.6% from $588M the previous quarter. Its ten largest holdings account for 87% of the portfolio.

First Business Financial Services withdrew a net $83.5M in Q1 2019, closing 52 positions and reducing 62 holdings. Its most notable exit was State Street Industrial Select Sector SPDR ETF, an estimated $15.7M position sold in full.

By sector, the portfolio is most concentrated in Technology at 3.7% of assets, up from 3% a quarter earlier, followed by Financials and Healthcare.

Against the trend, First Business Financial Services opened a new position in SPDR Gold Trust worth $244K.

  • First Business Financial Services's largest Q1 2019 buy was SPDR Gold Trust: 2,000 shares worth $244K.
  • First Business Financial Services added most to iShares Russell 1000 Value ETF in Q1 2019, an estimated $33.7M increase.
  • First Business Financial Services's biggest Q1 2019 reduction was iShares Russell 1000 Growth ETF, cutting an estimated $23.1M.
  • First Business Financial Services fully exited State Street Industrial Select Sector SPDR ETF in Q1 2019, selling an estimated $15.7M.
  • First Business Financial Services's ten largest holdings make up 87% of its $561M portfolio in Q1 2019.
  • First Business Financial Services opened 3 new positions and closed 52 in Q1 2019.
  • First Business Financial Services's portfolio value fell 4.6% quarter-over-quarter to $561M.

Based on First Business Financial Services's 13F filing for Q1 2019, filed 3 May 2019.