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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
-19.15%
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
$502M
AUM Growth
-$130M
Cap. Flow
-$1.94M
Cap. Flow %
-0.39%
Top 10 Hldgs %
83.97%
Holding
132
New
8
Increased
18
Reduced
64
Closed
17

Top Buys

Rank Stock Value
1
EFAV icon
iShares MSCI EAFE Min Vol Factor ETF
EFAV
+$44.8M
2
MTUM icon
iShares MSCI USA Momentum Factor ETF
MTUM
+$19.9M
3
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$6.61M
4
VTI icon
Vanguard Morningstar Total Stock Market ETF
VTI
+$6.11M
5
IJH icon
iShares Core S&P Mid-Cap ETF
IJH
+$2.83M

Top Sells

Rank Stock Value
1
EFA icon
iShares MSCI EAFE ETF
EFA
+$30.1M
2
IWD icon
iShares Russell 1000 Value ETF
IWD
+$21.2M
3
IEFA icon
iShares Core MSCI EAFE ETF
IEFA
+$19.3M
4
SCHB icon
Schwab US Broad Market ETF
SCHB
+$6.91M
5
FISV
Fiserv Inc
FISV
+$3.33M

Sector Composition

Rank Sector Weight
1 Technology 4.4%
2 Financials 2.35%
3 Healthcare 1.26%
4 Consumer Staples 1.13%
5 Consumer Discretionary 0.96%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PFE icon
101
Pfizer
PFE
$153B
$251K 0.05%
8,112
– –
XLI icon
102
State Street Industrial Select Sector SPDR ETF
XLI
$33.7B
$248K 0.05%
+4,200
New +$316K
WMT icon
103
Walmart Inc
WMT
$890B
$239K 0.05%
6,300
-426
-6% -$16.4K
DRI icon
104
Darden Restaurants
DRI
$24.4B
$238K 0.05%
4,364
-89
-2% -$8.66K
VUG icon
105
Vanguard Morningstar Growth ETF
VUG
$231B
$235K 0.05%
9,012
– –
BMO icon
106
Bank of Montreal
BMO
$127B
$233K 0.05%
4,635
+100
+2% +$6.78K
VTV icon
107
Vanguard Morningstar Value ETF
VTV
$191B
$233K 0.05%
2,614
– –
XLK icon
108
State Street Technology Select Sector SPDR ETF
XLK
$124B
$232K 0.05%
+5,780
New +$264K
NEE icon
109
NextEra Energy
NEE
$177B
$226K 0.05%
3,752
– –
IWM icon
110
iShares Russell 2000 ETF
IWM
$83B
$208K 0.04%
1,817
-7,813
-81% -$1.16M
NKE icon
111
Nike
NKE
$61.9B
$204K 0.04%
2,467
– –
BKR icon
112
Baker Hughes
BKR
$61.1B
$139K 0.03%
13,207
-290
-2% -$5.45K
NMIH icon
113
NMI Holdings
NMIH
$3.36B
$135K 0.03%
11,604
– –
ATI icon
114
ATI
ATI
$31B
$122K 0.02%
14,325
-180
-1% -$2.88K
GTT
115
DELISTED
GTT Communications, Inc.
GTT
$100K 0.02%
12,630
– –
ABBV icon
116
AbbVie
ABBV
$435B
– –
-2,585
Closed -$229K
ACWX icon
117
iShares MSCI ACWI ex US ETF
ACWX
$11.8B
– –
-4,987
Closed -$245K
BAC icon
118
Bank of America
BAC
$442B
– –
-13,915
Closed -$490K
C icon
119
Citigroup
C
$226B
– –
-2,883
Closed -$230K
EFA icon
120
iShares MSCI EAFE ETF
EFA
$80.2B
– –
-433,747
Closed -$30.1M
EXAS
121
DELISTED
Exact Sciences
EXAS
– –
-3,020
Closed -$279K
ITW icon
122
Illinois Tool Works
ITW
$84.5B
– –
-1,287
Closed -$231K
MDY icon
123
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$27.3B
– –
-660
Closed -$248K
PNC icon
124
PNC Financial Services
PNC
$101B
– –
-2,160
Closed -$345K
PSX icon
125
Phillips 66
PSX
$81.4B
– –
-3,584
Closed -$399K
2 3 4
5
6

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First Business Financial Services's Q1 2020 Portfolio in Review

As of Q1 2020, First Business Financial Services held 132 positions worth $502M, down 21% from $632M the previous quarter. Its ten largest holdings account for 84% of the portfolio.

First Business Financial Services's Q1 2020 filing shows 8 new, 18 increased, 64 reduced and 17 closed positions. Its largest new stake was iShares MSCI EAFE Min Vol Factor ETF: 638,167 shares worth $39.6M. The largest sale was iShares MSCI EAFE ETF, an estimated $30.1M.

By sector, the portfolio is most concentrated in Technology at 4.4% of assets, down from 4.8% a quarter earlier, followed by Financials and Healthcare.

  • First Business Financial Services's largest Q1 2020 buy was iShares MSCI EAFE Min Vol Factor ETF: 638,167 shares worth $39.6M.
  • First Business Financial Services added most to State Street SPDR S&P 500 ETF Trust in Q1 2020, an estimated $6.61M increase.
  • First Business Financial Services's biggest Q1 2020 reduction was iShares Russell 1000 Value ETF, cutting an estimated $21.2M.
  • First Business Financial Services fully exited iShares MSCI EAFE ETF in Q1 2020, selling an estimated $30.1M.
  • First Business Financial Services's ten largest holdings make up 84% of its $502M portfolio in Q1 2020.
  • First Business Financial Services opened 8 new positions and closed 17 in Q1 2020.
  • First Business Financial Services's portfolio value fell 21% quarter-over-quarter to $502M.

Based on First Business Financial Services's 13F filing for Q1 2020, filed 1 May 2020.