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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
-14.41%
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
$742M
AUM Growth
-$162M
Cap. Flow
-$24.9M
Cap. Flow %
-3.35%
Top 10 Hldgs %
78.31%
Holding
185
New
14
Increased
27
Reduced
72
Closed
26

Top Buys

Rank Stock Value
1
DGRO icon
iShares Core Dividend Growth ETF
DGRO
+$45.7M
2
VNQ icon
Vanguard Real Estate ETF
VNQ
+$23.2M
3
BAC icon
Bank of America
BAC
+$1.82M
4
PRU icon
Prudential Financial
PRU
+$1.65M
5
ADBE icon
Adobe
ADBE
+$1.48M

Top Sells

Rank Stock Value
1
MTUM icon
iShares MSCI USA Momentum Factor ETF
MTUM
+$56.1M
2
IWF icon
iShares Russell 1000 Growth ETF
IWF
+$23.9M
3
VTI icon
Vanguard Morningstar Total Stock Market ETF
VTI
+$5.92M
4
ALL icon
Allstate
ALL
+$1.9M
5
KLAC icon
KLA
KLAC
+$1.78M

Sector Composition

Rank Sector Weight
1 Technology 5.11%
2 Financials 3.3%
3 Healthcare 2.42%
4 Consumer Staples 1.63%
5 Consumer Discretionary 1.4%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LULU icon
176
lululemon athletica
LULU
$14.2B
– –
-575
Closed -$210K
MRNA icon
177
Moderna
MRNA
$21.5B
– –
-1,341
Closed -$231K
QQQ icon
178
Invesco QQQ Trust
QQQ
$479B
– –
-657
Closed -$238K
RMD icon
179
ResMed
RMD
$32.4B
– –
-877
Closed -$213K
SBUX icon
180
Starbucks
SBUX
$120B
– –
-2,363
Closed -$215K
SCHX icon
181
Schwab US Large- Cap ETF
SCHX
$73.9B
– –
-15,588
Closed -$280K
SNOW icon
182
Snowflake
SNOW
$110B
– –
-1,002
Closed -$230K
TMO icon
183
Thermo Fisher Scientific
TMO
$214B
– –
-393
Closed -$232K
TWLO icon
184
Twilio
TWLO
$29.3B
– –
-1,440
Closed -$237K
4 5 6 7
8

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CTA
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First Business Financial Services's Q2 2022 Portfolio in Review

As of Q2 2022, First Business Financial Services held 185 positions worth $742M, down 18% from $904M the previous quarter. Its ten largest holdings account for 78% of the portfolio.

First Business Financial Services withdrew a net $24.9M in Q2 2022, closing 26 positions and reducing 72 holdings. Its most notable exit was Allstate, an estimated $1.9M position sold in full.

By sector, the portfolio is most concentrated in Technology at 5.1% of assets, down from 5.3% a quarter earlier, followed by Financials and Healthcare.

Against the trend, First Business Financial Services opened a new position in iShares Core Dividend Growth ETF worth $43.2M.

  • First Business Financial Services's largest Q2 2022 buy was iShares Core Dividend Growth ETF: 907,032 shares worth $43.2M.
  • First Business Financial Services added most to Bank of America in Q2 2022, an estimated $1.82M increase.
  • First Business Financial Services's biggest Q2 2022 reduction was iShares MSCI USA Momentum Factor ETF, cutting an estimated $56.1M.
  • First Business Financial Services fully exited Allstate in Q2 2022, selling an estimated $1.9M.
  • First Business Financial Services's ten largest holdings make up 78% of its $742M portfolio in Q2 2022.
  • First Business Financial Services opened 14 new positions and closed 26 in Q2 2022.
  • First Business Financial Services's portfolio value fell 18% quarter-over-quarter to $742M.

Based on First Business Financial Services's 13F filing for Q2 2022, filed 2 Aug 2022.