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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
+7.98%
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
$1.09B
AUM Growth
-$18.8M
Cap. Flow
-$96.9M
Cap. Flow %
-8.89%
Top 10 Hldgs %
72.09%
Holding
194
New
9
Increased
17
Reduced
74
Closed
9

Top Buys

Rank Stock Value
1
AEP icon
American Electric Power
AEP
+$1.16M
2
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$634K
3
MSFT icon
Microsoft
MSFT
+$347K
4
NFLX icon
Netflix
NFLX
+$338K
5
AMZN icon
Amazon
AMZN
+$308K

Top Sells

Rank Stock Value
1
VTI icon
Vanguard Morningstar Total Stock Market ETF
VTI
+$30M
2
IEFA icon
iShares Core MSCI EAFE ETF
IEFA
+$15.5M
3
IWF icon
iShares Russell 1000 Growth ETF
IWF
+$7.85M
4
DGRO icon
iShares Core Dividend Growth ETF
DGRO
+$7.47M
5
IJR icon
iShares Core S&P Small-Cap ETF
IJR
+$7.28M

Sector Composition

Rank Sector Weight
1 Technology 8.01%
2 Financials 4.98%
3 Industrials 3%
4 Communication Services 1.94%
5 Healthcare 1.78%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DIS icon
151
Walt Disney
DIS
$181B
$334K 0.03%
2,917
-115
-4% -$13.5K
MS icon
152
Morgan Stanley
MS
$340B
$331K 0.03%
2,084
– –
GS icon
153
Goldman Sachs
GS
$303B
$327K 0.03%
411
– –
HWM icon
154
Howmet Aerospace
HWM
$112B
$327K 0.03%
1,666
– –
BMO icon
155
Bank of Montreal
BMO
$127B
$325K 0.03%
2,492
– –
IXN icon
156
iShares Global Tech ETF
IXN
$8.83B
$324K 0.03%
3,143
– –
AJG icon
157
Arthur J. Gallagher & Co
AJG
$63.6B
$321K 0.03%
1,037
– –
ROK icon
158
Rockwell Automation
ROK
$49B
$303K 0.03%
867
– –
MRVL icon
159
Marvell Technology
MRVL
$196B
$264K 0.02%
3,136
– –
FIS icon
160
Fidelity National Information Services
FIS
$22.1B
$261K 0.02%
3,963
– –
PAVE icon
161
Global X US Infrastructure Development ETF
PAVE
$15.2B
$257K 0.02%
5,401
– –
WWD icon
162
Woodward
WWD
$21.4B
$253K 0.02%
1,000
– –
HCA icon
163
HCA Healthcare
HCA
$89.5B
$252K 0.02%
591
– –
STRT icon
164
STRATTEC Security
STRT
$361M
$245K 0.02%
3,598
– –
T icon
165
AT&T
T
$163B
$244K 0.02%
8,629
+233
+3% +$6.62K
GEV icon
166
GE Vernova
GEV
$264B
$240K 0.02%
390
-117
-23% -$70.9K
NICE icon
167
Nice
NICE
$5.97B
$235K 0.02%
1,625
– –
FELG icon
168
Fidelity Enhanced Large Cap Growth ETF
FELG
$5.75B
$234K 0.02%
5,700
– –
IVW icon
169
iShares S&P 500 Growth ETF
IVW
$77.6B
$233K 0.02%
1,933
– –
AMAT icon
170
Applied Materials
AMAT
$428B
$228K 0.02%
1,114
– –
NKE icon
171
Nike
NKE
$61.9B
$226K 0.02%
3,246
– –
DGRW icon
172
WisdomTree Trust WisdomTree US Quality Dividend Growth Fund
DGRW
$17.3B
$226K 0.02%
2,543
– –
PYPL icon
173
PayPal
PYPL
$50.5B
$222K 0.02%
3,309
-90
-3% -$6.34K
PSX icon
174
Phillips 66
PSX
$81.4B
$222K 0.02%
+1,631
New +$209K
MCHP icon
175
Microchip Technology
MCHP
$46B
$216K 0.02%
3,362
– –
4 5 6
7
8

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First Business Financial Services's Q3 2025 Portfolio in Review

As of Q3 2025, First Business Financial Services held 194 positions worth $1.09B, down 1.7% from $1.11B the previous quarter. Its ten largest holdings account for 72% of the portfolio.

First Business Financial Services withdrew a net $96.9M in Q3 2025, closing 9 positions and reducing 74 holdings. Its most notable exit was Adobe, an estimated $1.34M position sold in full.

By sector, the portfolio is most concentrated in Technology at 8% of assets, up from 7.3% a quarter earlier, followed by Financials and Industrials.

Against the trend, First Business Financial Services opened a new position in American Electric Power worth $1.19M.

  • First Business Financial Services's largest Q3 2025 buy was American Electric Power: 10,599 shares worth $1.19M.
  • First Business Financial Services added most to iShares Core US Aggregate Bond ETF in Q3 2025, an estimated $634K increase.
  • First Business Financial Services's biggest Q3 2025 reduction was Vanguard Morningstar Total Stock Market ETF, cutting an estimated $30M.
  • First Business Financial Services fully exited Adobe in Q3 2025, selling an estimated $1.34M.
  • First Business Financial Services's ten largest holdings make up 72% of its $1.09B portfolio in Q3 2025.
  • First Business Financial Services opened 9 new positions and closed 9 in Q3 2025.
  • First Business Financial Services's portfolio value fell 1.7% quarter-over-quarter to $1.09B.

Based on First Business Financial Services's 13F filing for Q3 2025, filed 30 Oct 2025.