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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
+5.56%
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
$811M
AUM Growth
+$13.9M
Cap. Flow
-$26.3M
Cap. Flow %
-3.24%
Top 10 Hldgs %
77.08%
Holding
180
New
12
Increased
55
Reduced
38
Closed
13

Top Buys

Rank Stock Value
1
IQV icon
IQVIA
IQV
+$1.63M
2
CTVA icon
Corteva
CTVA
+$1.38M
3
EOG icon
EOG Resources
EOG
+$1.08M
4
PWR icon
Quanta Services
PWR
+$797K
5
CIEN icon
Ciena
CIEN
+$786K

Top Sells

Rank Stock Value
1
VNQ icon
Vanguard Real Estate ETF
VNQ
+$16M
2
VTI icon
Vanguard Morningstar Total Stock Market ETF
VTI
+$3.73M
3
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$1.66M
4
IEFA icon
iShares Core MSCI EAFE ETF
IEFA
+$1.63M
5
MTUM icon
iShares MSCI USA Momentum Factor ETF
MTUM
+$1.48M

Sector Composition

Rank Sector Weight
1 Technology 5.71%
2 Financials 3.17%
3 Healthcare 2.77%
4 Industrials 1.59%
5 Consumer Staples 1.59%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AMD icon
101
Advanced Micro Devices
AMD
$799B
$612K 0.08%
5,372
– –
TDG icon
102
TransDigm Group
TDG
$69.8B
$579K 0.07%
648
– –
MGEE icon
103
MGE Energy Inc
MGEE
$3.05B
$570K 0.07%
7,203
– –
BLK icon
104
Blackrock
BLK
$175B
$565K 0.07%
817
– –
NICE icon
105
Nice
NICE
$5.69B
$560K 0.07%
2,713
– –
ISRG icon
106
Intuitive Surgical
ISRG
$132B
$524K 0.06%
1,533
– –
META icon
107
Meta Platforms (Facebook)
META
$1.5T
$513K 0.06%
1,788
-15
-0.8% -$3.7K
XLC icon
108
State Street Communication Services Select Sector SPDR ETF
XLC
$22.4B
$459K 0.06%
7,057
– –
ACN icon
109
Accenture
ACN
$105B
$455K 0.06%
1,473
– –
PNC icon
110
PNC Financial Services
PNC
$101B
$436K 0.05%
3,462
+421
+14% +$51.5K
VUG icon
111
Vanguard Morningstar Growth ETF
VUG
$229B
$425K 0.05%
9,012
– –
TEL icon
112
TE Connectivity
TEL
$62.3B
$414K 0.05%
2,955
– –
GLW icon
113
Corning
GLW
$135B
$400K 0.05%
11,406
– –
AMAT icon
114
Applied Materials
AMAT
$419B
$396K 0.05%
2,739
– –
PFE icon
115
Pfizer
PFE
$149B
$395K 0.05%
10,761
-404
-4% -$15.7K
NULV icon
116
Nuveen ESG Large-Cap Value ETF
NULV
$2.26B
$384K 0.05%
11,091
-15
-0.1% -$508
CRL icon
117
Charles River Laboratories
CRL
$12.7B
$384K 0.05%
1,825
– –
WMT icon
118
Walmart Inc
WMT
$892B
$384K 0.05%
7,323
+57
+0.8% +$2.88K
VTV icon
119
Vanguard Morningstar Value ETF
VTV
$191B
$382K 0.05%
2,689
– –
ETN icon
120
Eaton
ETN
$174B
$378K 0.05%
1,879
– –
USB icon
121
US Bancorp
USB
$99.4B
$371K 0.05%
11,222
+777
+7% +$25.1K
AMP icon
122
Ameriprise Financial
AMP
$49.5B
$363K 0.04%
1,093
– –
MO icon
123
Altria Group
MO
$113B
$345K 0.04%
7,616
– –
MCHP icon
124
Microchip Technology
MCHP
$40.4B
$336K 0.04%
3,746
– –
NEE icon
125
NextEra Energy
NEE
$176B
$331K 0.04%
4,463
+53
+1% +$4.01K
3 4
5
6 7

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First Business Financial Services's Q2 2023 Portfolio in Review

As of Q2 2023, First Business Financial Services held 180 positions worth $811M, up 1.7% from $797M the previous quarter. Its ten largest holdings account for 77% of the portfolio.

First Business Financial Services withdrew a net $26.3M in Q2 2023, closing 13 positions and reducing 38 holdings. Its most notable exit was Vanguard Real Estate ETF, an estimated $16M position sold in full.

By sector, the portfolio is most concentrated in Technology at 5.7% of assets, up from 5.2% a quarter earlier, followed by Financials and Healthcare.

Against the trend, First Business Financial Services opened a new position in IQVIA worth $1.83M.

  • First Business Financial Services's largest Q2 2023 buy was IQVIA: 8,122 shares worth $1.83M.
  • First Business Financial Services added most to Quanta Services in Q2 2023, an estimated $797K increase.
  • First Business Financial Services's biggest Q2 2023 reduction was Vanguard Morningstar Total Stock Market ETF, cutting an estimated $3.73M.
  • First Business Financial Services fully exited Vanguard Real Estate ETF in Q2 2023, selling an estimated $16M.
  • First Business Financial Services's ten largest holdings make up 77% of its $811M portfolio in Q2 2023.
  • First Business Financial Services opened 12 new positions and closed 13 in Q2 2023.
  • First Business Financial Services's portfolio value rose 1.7% quarter-over-quarter to $811M.

Based on First Business Financial Services's 13F filing for Q2 2023, filed 7 Aug 2023.