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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
Cap. Flow
-$25.7M
Cap. Flow %
-4.61%
Top 10 Hldgs %
82.11%
Holding
128
New
13
Increased
44
Reduced
42
Closed
7

Top Buys

Rank Stock Value
1
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$8.09M
2
MTUM icon
iShares MSCI USA Momentum Factor ETF
MTUM
+$4.06M
3
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$1.19M
4
JPM icon
JPMorgan Chase
JPM
+$996K
5
MUB icon
iShares National Muni Bond ETF
MUB
+$973K

Top Sells

Rank Stock Value
1
VTI icon
Vanguard Morningstar Total Stock Market ETF
VTI
+$19.8M
2
IWD icon
iShares Russell 1000 Value ETF
IWD
+$7.79M
3
IWF icon
iShares Russell 1000 Growth ETF
IWF
+$7.28M
4
USMV icon
iShares MSCI USA Min Vol Factor ETF
USMV
+$3.66M
5
IEFA icon
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
SYY icon
126
Sysco
SYY
$40.3B
– –
-12,132
Closed -$554K
TRV icon
127
Travelers Companies
TRV
$80.2B
– –
-4,929
Closed -$490K
GTT
128
DELISTED
GTT Communications, Inc.
GTT
– –
-12,630
Closed -$100K
2 3 4 5
6

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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.