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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
+16.93%
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
$558M
AUM Growth
+$55.6M
(+11%)
Cap. Flow
-$25.7M
Cap. Flow
% of AUM
-4.61%
Top 10 Holdings %
Top 10 Hldgs %
82.11%
Holding
128
New
13
Increased
44
Reduced
42
Closed
7
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core US Aggregate Bond ETF
AGG
|
+$8.09M |
| 2 |
iShares MSCI USA Momentum Factor ETF
MTUM
|
+$4.06M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$1.19M |
| 4 |
JPMorgan Chase
JPM
|
+$996K |
| 5 |
iShares National Muni Bond ETF
MUB
|
+$973K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$19.8M |
| 2 |
iShares Russell 1000 Value ETF
IWD
|
+$7.79M |
| 3 |
iShares Russell 1000 Growth ETF
IWF
|
+$7.28M |
| 4 |
iShares MSCI USA Min Vol Factor ETF
USMV
|
+$3.66M |
| 5 |
iShares Core MSCI EAFE ETF
IEFA
|
+$2.37M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 4.76% |
| 2 | Financials | 2.15% |
| 3 | Healthcare | 1.39% |
| 4 | Consumer Discretionary | 1.24% |
| 5 | Consumer Staples | 1.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
iShares Russell 2000 ETF
IWM
$82.1B
| $284K | 0.05% |
1,986
+169
| +9% | +$22.2K |
|
102
TransDigm Group
TDG
$69.8B
| $271K | 0.05% |
+612
| New | +$232K |
|
103
AT&T
T
$162B
| $268K | 0.05% |
11,744
| – | – |
|
104
Berkshire Hathaway Class A
BRK.A
$1.13T
| $267K | 0.05% |
1
| – | – |
|
105
Vanguard Morningstar Value ETF
VTV
$191B
| $260K | 0.05% |
2,614
| – | – |
|
106
Bank of America
BAC
$441B
| $256K | 0.05% |
+10,780
| New | +$255K |
|
107
Invesco S&P 500 Equal Weight ETF
RSP
$98.8B
| $254K | 0.05% |
+2,498
| New | +$241K |
|
108
TE Connectivity
TEL
$62.3B
| $253K | 0.05% |
+3,100
| New | +$233K |
|
109
Pfizer
PFE
$149B
| $252K | 0.05% |
8,112
| – | – |
|
110
Walmart Inc
WMT
$892B
| $252K | 0.05% |
6,300
| – | – |
|
111
Bank of Montreal
BMO
$127B
| $246K | 0.04% |
4,635
| – | – |
|
112
AbbVie
ABBV
$431B
| $238K | 0.04% |
+2,425
| New | +$214K |
|
113
Charles River Laboratories
CRL
$12.7B
| $227K | 0.04% |
+1,300
| New | +$207K |
|
114
Union Pacific
UNP
$175B
| $227K | 0.04% |
+1,344
| New | +$215K |
|
115
Illinois Tool Works
ITW
$84.8B
| $225K | 0.04% |
+1,287
| New | +$210K |
|
116
iShares MSCI ACWI ex US ETF
ACWX
$11.7B
| $216K | 0.04% |
+4,987
| New | +$204K |
|
117
NextEra Energy
NEE
$176B
| $213K | 0.04% |
3,552
-200
| -5% | -$12K |
|
118
Baker Hughes
BKR
$62.3B
| $210K | 0.04% |
13,618
+411
| +3% | +$6.01K |
|
119
Vanguard FTSE Developed Markets ETF
VEA
$234B
| $200K | 0.04% |
5,163
-4,900
| -49% | -$179K |
|
120
NMI Holdings
NMIH
$3.31B
| $187K | 0.03% |
11,604
| – | – |
|
121
ATI
ATI
$30.5B
| $146K | 0.03% |
14,325
| – | – |
|
122
Aon
AON
$76.5B
| – | – |
-1,975
| Closed | -$326K |
|
123
Boeing
BA
$184B
| – | – |
-3,526
| Closed | -$526K |
|
|
DFS
124
DELISTED
Discover Financial Services
DFS
| – | – |
-12,143
| Closed | -$433K |
|
125
S&P Global
SPGI
$119B
| – | – |
-3,048
| Closed | -$747K |
|
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First Business Financial Services's Q2 2020 Portfolio in Review
As of Q2 2020, First Business Financial Services held 128 positions worth $558M, up 11% from $502M the previous quarter. Its ten largest holdings account for 82% of the portfolio.
First Business Financial Services withdrew a net $25.7M in Q2 2020, closing 7 positions and reducing 42 holdings. Its most notable exit was S&P Global, an estimated $747K position sold in full.
By sector, the portfolio is most concentrated in Technology at 4.8% of assets, up from 4.4% a quarter earlier, followed by Financials and Healthcare.
Against the trend, First Business Financial Services opened a new position in Costco worth $618K.
- First Business Financial Services's largest Q2 2020 buy was Costco: 2,039 shares worth $618K.
- First Business Financial Services added most to iShares Core US Aggregate Bond ETF in Q2 2020, an estimated $8.09M increase.
- First Business Financial Services's biggest Q2 2020 reduction was Vanguard Morningstar Total Stock Market ETF, cutting an estimated $19.8M.
- First Business Financial Services fully exited S&P Global in Q2 2020, selling an estimated $747K.
- First Business Financial Services's ten largest holdings make up 82% of its $558M portfolio in Q2 2020.
- First Business Financial Services opened 13 new positions and closed 7 in Q2 2020.
- First Business Financial Services's portfolio value rose 11% quarter-over-quarter to $558M.
Based on First Business Financial Services's 13F filing for Q2 2020, filed 12 Aug 2020.