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FBFS

First Business Financial Services Portfolio holdings

AUM $1.12B
1-Year Est. Return 22.16%
This Fund
S&P 500
This Quarter Est. Return
-0.47%
1 Year Est. Return
+22.16%
3 Year Est. Return
+59.84%
5 Year Est. Return
+59.27%
10 Year Est. Return
+176.73%
AUM
$1.12B
AUM Growth
+$35.7M
Cap. Flow
+$53M
Cap. Flow %
4.71%
Top 10 Hldgs %
69.84%
Holding
195
New
27
Increased
86
Reduced
13
Closed
3

Top Buys

Rank Stock Value
1
JPST icon
JPMorgan Ultra-Short Income ETF
JPST
+$6.68M
2
VTIP icon
Vanguard Short-Term Inflation-Protected Securities Index Fund
VTIP
+$6.61M
3
IEFA icon
iShares Core MSCI EAFE ETF
IEFA
+$3.95M
4
VTI icon
Vanguard Total Stock Market ETF
VTI
+$2.78M
5
RSSB icon
Return Stacked Global Stocks & Bonds ETF
RSSB
+$2.23M

Top Sells

Rank Stock Value
1
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$584K
2
GLD icon
SPDR Gold Trust
GLD
+$448K
3
FIS icon
Fidelity National Information Services
FIS
+$263K
4
WFC icon
Wells Fargo
WFC
+$230K
5
EXAS
Exact Sciences
EXAS
+$225K

Sector Composition

Rank Sector Weight
1 Technology 8.69%
2 Financials 5.03%
3 Communication Services 2.27%
4 Industrials 2.23%
5 Healthcare 1.94%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CMI icon
126
Cummins
CMI
$91.7B
$443K 0.04%
824
– –
PH icon
127
Parker-Hannifin
PH
$125B
$421K 0.04%
470
– –
VEA icon
128
Vanguard FTSE Developed Markets ETF
VEA
$226B
$420K 0.04%
6,562
+130
+2% +$8.58K
CAT icon
129
Caterpillar
CAT
$409B
$417K 0.04%
589
-83
-12% -$57.5K
ACWX icon
130
iShares MSCI ACWI ex US ETF
ACWX
$11.3B
$404K 0.04%
5,905
– –
DUK icon
131
Duke Energy
DUK
$102B
$402K 0.04%
3,073
– –
LNT icon
132
Alliant Energy
LNT
$19.4B
$391K 0.03%
5,444
– –
WM icon
133
Waste Management
WM
$95.9B
$381K 0.03%
1,659
– –
BMO icon
134
Bank of Montreal
BMO
$125B
$377K 0.03%
2,785
+323
+13% +$44.9K
AMAT icon
135
Applied Materials
AMAT
$426B
$372K 0.03%
1,089
+11
+1% +$3.7K
V icon
136
Visa
V
$677B
$371K 0.03%
1,227
– –
XLU icon
137
State Street Utilities Select Sector SPDR ETF
XLU
$24.1B
$363K 0.03%
7,904
– –
VGT icon
138
Vanguard Information Technology ETF
VGT
$139B
$362K 0.03%
4,152
– –
WWD icon
139
Woodward
WWD
$25B
$358K 0.03%
1,000
– –
TRI icon
140
Thomson Reuters
TRI
$39.4B
$355K 0.03%
3,881
– –
UNP icon
141
Union Pacific
UNP
$183B
$345K 0.03%
1,422
– –
MS icon
142
Morgan Stanley
MS
$337B
$342K 0.03%
2,076
– –
GE icon
143
GE Aerospace
GE
$367B
$337K 0.03%
1,189
– –
BX icon
144
Blackstone
BX
$104B
$335K 0.03%
+2,917
New +$380K
XEL icon
145
Xcel Energy
XEL
$51B
$332K 0.03%
4,184
– –
USCI icon
146
US Commodity Index
USCI
$372M
$331K 0.03%
+3,477
New +$298K
OKLO
147
Oklo
OKLO
$7B
$330K 0.03%
6,650
– –
IXN icon
148
iShares Global Tech ETF
IXN
$8.7B
$314K 0.03%
3,143
– –
GS icon
149
Goldman Sachs
GS
$313B
$314K 0.03%
371
– –
MRVL icon
150
Marvell Technology
MRVL
$174B
$308K 0.03%
3,113
– –
4 5
6
7 8

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PL
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JAFL
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SL
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First Business Financial Services's Q1 2026 Portfolio in Review

As of Q1 2026, First Business Financial Services held 195 positions worth $1.12B, up 3.3% from $1.09B the previous quarter. Its ten largest holdings account for 70% of the portfolio.

First Business Financial Services deployed $53M of net new capital in Q1 2026, opening 27 new positions and adding to 86 existing holdings. Its largest new stake was Vanguard Short-Term Inflation-Protected Securities Index Fund: 132,822 shares worth $6.63M.

By sector, the portfolio is most concentrated in Technology at 8.7% of assets, up from 8.4% a quarter earlier, followed by Financials and Communication Services.

On the sell side, the largest reduction was iShares Core US Aggregate Bond ETF, an estimated $584K trimmed.

  • First Business Financial Services's largest Q1 2026 buy was Vanguard Short-Term Inflation-Protected Securities Index Fund: 132,822 shares worth $6.63M.
  • First Business Financial Services added most to JPMorgan Ultra-Short Income ETF in Q1 2026, an estimated $6.68M increase.
  • First Business Financial Services's biggest Q1 2026 reduction was iShares Core US Aggregate Bond ETF, cutting an estimated $584K.
  • First Business Financial Services fully exited Fidelity National Information Services in Q1 2026, selling an estimated $263K.
  • First Business Financial Services's ten largest holdings make up 70% of its $1.12B portfolio in Q1 2026.
  • First Business Financial Services opened 27 new positions and closed 3 in Q1 2026.
  • First Business Financial Services's portfolio value rose 3.3% quarter-over-quarter to $1.12B.

Based on First Business Financial Services's 13F filing for Q1 2026, filed 1 May 2026.