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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
-5.91%
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
$312M
AUM Growth
-$32.2M
(-9.3%)
Cap. Flow
-$11.4M
Cap. Flow
% of AUM
-3.66%
Top 10 Holdings %
Top 10 Hldgs %
87.84%
Holding
84
New
9
Increased
45
Reduced
17
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Russell Mid-Cap ETF
IWR
|
+$16.5M |
| 2 |
iShares Core US Aggregate Bond ETF
AGG
|
+$10.2M |
| 3 |
State Street Utilities Select Sector SPDR ETF
XLU
|
+$5.04M |
| 4 |
iShares National Muni Bond ETF
MUB
|
+$970K |
| 5 |
iShares Russell 2000 ETF
IWM
|
+$464K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Russell 1000 ETF
IWB
|
+$18.1M |
| 2 |
Vanguard Total Stock Market ETF
VTI
|
+$10.3M |
| 3 |
State Street Technology Select Sector SPDR ETF
XLK
|
+$6.07M |
| 4 |
iShares Russell 1000 Growth ETF
IWF
|
+$3.56M |
| 5 |
iShares Russell 1000 Value ETF
IWD
|
+$2.24M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 4.52% |
| 2 | Consumer Discretionary | 1.06% |
| 3 | Consumer Staples | 0.92% |
| 4 | Industrials | 0.82% |
| 5 | Technology | 0.69% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Vanguard Total Stock Market ETF
VTI
$654B
| $86.3M | 27.64% |
874,572
-98,378
| -10% | -$10.3M |
|
|
2
iShares Core US Aggregate Bond ETF
AGG
$138B
| $57.3M | 18.34% |
522,711
+93,832
| +22% | +$10.2M |
|
3
iShares MSCI EAFE ETF
EFA
$76.4B
| $43.7M | 14% |
762,836
-10,015
| -1% | -$618K |
|
|
4
iShares Russell 1000 Growth ETF
IWF
$122B
| $22.8M | 7.29% |
979,780
-144,536
| -13% | -$3.56M |
|
|
5
iShares Russell 1000 Value ETF
IWD
$82B
| $22.8M | 7.29% |
244,149
-22,563
| -8% | -$2.24M |
|
|
6
iShares Russell Mid-Cap ETF
IWR
$56.8B
| $15.5M | 4.97% |
+399,212
| New | +$16.5M |
|
7
First Business Financial Services
FBIZ
$562M
| $10.8M | 3.44% |
457,435
+9,381
| +2% | +$212K |
|
8
State Street Health Care Select Sector SPDR ETF
XLV
$42.1B
| $5.24M | 1.68% |
79,156
-14,491
| -15% | -$1.06M |
|
|
9
State Street Utilities Select Sector SPDR ETF
XLU
$24.1B
| $5.07M | 1.62% |
+234,060
| New | +$5.04M |
|
10
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.2B
| $4.89M | 1.56% |
103,531
-10,522
| -9% | -$511K |
|
11
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$21.4B
| $4.84M | 1.55% |
130,424
-14,760
| -10% | -$567K |
|
|
12
iShares National Muni Bond ETF
MUB
$45.1B
| $3.19M | 1.02% |
29,069
+8,910
| +44% | +$970K |
|
13
State Street SPDR S&P 500 ETF Trust
SPY
$778B
| $3.03M | 0.97% |
15,791
-4,715
| -23% | -$956K |
|
14
iShares Russell 2000 Value ETF
IWN
$14.4B
| $2.63M | 0.84% |
29,161
-4,165
| -12% | -$400K |
|
15
iShares Russell 2000 Growth ETF
IWO
$14.5B
| $2.56M | 0.82% |
19,143
-4,093
| -18% | -$606K |
|
16
Fidelity National Information Services
FIS
$21.5B
| $790K | 0.25% |
11,771
-6,175
| -34% | -$411K |
|
17
Philip Morris
PM
$301B
| $748K | 0.24% |
9,428
| – | – |
|
|
18
State Street Technology Select Sector SPDR ETF
XLK
$115B
| $595K | 0.19% |
30,148
-294,504
| -91% | -$6.07M |
|
19
Apple
AAPL
$4.89T
| $582K | 0.19% |
21,104
+14,480
| +219% | +$425K |
|
20
Broadcom
AVGO
$1.82T
| $494K | 0.16% |
39,530
+280
| +0.7% | +$3.54K |
|
21
Mondelez International
MDLZ
$77.7B
| $467K | 0.15% |
11,164
| – | – |
|
22
Home Depot
HD
$332B
| $463K | 0.15% |
4,013
+14
| +0.4% | +$1.62K |
|
23
Valero Energy
VLO
$89.8B
| $440K | 0.14% |
7,319
+56
| +0.8% | +$3.56K |
|
24
Boeing
BA
$165B
| $433K | 0.14% |
3,310
+17
| +0.5% | +$2.36K |
|
25
UnitedHealth
UNH
$382B
| $432K | 0.14% |
3,722
+20
| +0.5% | +$2.39K |
|
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First Business Financial Services's Q3 2015 Portfolio in Review
As of Q3 2015, First Business Financial Services held 84 positions worth $312M, down 9.3% from $345M the previous quarter. Its ten largest holdings account for 88% of the portfolio.
First Business Financial Services withdrew a net $11.4M in Q3 2015, closing 6 positions and reducing 17 holdings. Its most notable exit was iShares Russell 1000 ETF, an estimated $18.1M position sold in full.
By sector, the portfolio is most concentrated in Financials at 4.5% of assets, up from 4.1% a quarter earlier, followed by Consumer Discretionary and Consumer Staples.
Against the trend, First Business Financial Services opened a new position in iShares Russell Mid-Cap ETF worth $15.5M.
- First Business Financial Services's largest Q3 2015 buy was iShares Russell Mid-Cap ETF: 399,212 shares worth $15.5M.
- First Business Financial Services added most to iShares Core US Aggregate Bond ETF in Q3 2015, an estimated $10.2M increase.
- First Business Financial Services's biggest Q3 2015 reduction was Vanguard Total Stock Market ETF, cutting an estimated $10.3M.
- First Business Financial Services fully exited iShares Russell 1000 ETF in Q3 2015, selling an estimated $18.1M.
- First Business Financial Services's ten largest holdings make up 88% of its $312M portfolio in Q3 2015.
- First Business Financial Services opened 9 new positions and closed 6 in Q3 2015.
- First Business Financial Services's portfolio value fell 9.3% quarter-over-quarter to $312M.
Based on First Business Financial Services's 13F filing for Q3 2015, filed 5 Nov 2015.