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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
+11.78%
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
$561M
AUM Growth
-$26.8M
Cap. Flow
-$83.5M
Cap. Flow %
-14.89%
Top 10 Hldgs %
86.82%
Holding
157
New
3
Increased
10
Reduced
62
Closed
52

Top Buys

Rank Stock Value
1
IWD icon
iShares Russell 1000 Value ETF
IWD
+$33.7M
2
IEFA icon
iShares Core MSCI EAFE ETF
IEFA
+$6.1M
3
IJR icon
iShares Core S&P Small-Cap ETF
IJR
+$5.29M
4
VTI icon
Vanguard Total Stock Market ETF
VTI
+$5.24M
5
IJH icon
iShares Core S&P Mid-Cap ETF
IJH
+$3.4M

Top Sells

Rank Stock Value
1
IWF icon
iShares Russell 1000 Growth ETF
IWF
+$23.1M
2
XLI icon
State Street Industrial Select Sector SPDR ETF
XLI
+$15.7M
3
SCHB icon
Schwab US Broad Market ETF
SCHB
+$3.69M
4
EFA icon
iShares MSCI EAFE ETF
EFA
+$2.08M
5
IWM icon
iShares Russell 2000 ETF
IWM
+$909K

Sector Composition

Rank Sector Weight
1 Technology 3.74%
2 Financials 3.45%
3 Healthcare 1.49%
4 Consumer Staples 1.14%
5 Consumer Discretionary 0.74%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VTI icon
1
Vanguard Total Stock Market ETF
VTI
$654B
$178M 31.76%
1,231,015
+37,582
+3% +$5.24M
IEFA icon
2
iShares Core MSCI EAFE ETF
IEFA
$186B
$63.5M 11.32%
1,045,336
+103,392
+11% +$6.1M
IWD icon
3
iShares Russell 1000 Value ETF
IWD
$82B
$60.9M 10.86%
493,196
+280,385
+132% +$33.7M
AGG icon
4
iShares Core US Aggregate Bond ETF
AGG
$138B
$39.8M 7.1%
365,295
+13,099
+4% +$1.4M
IJR icon
5
iShares Core S&P Small-Cap ETF
IJR
$109B
$36.4M 6.5%
472,273
+68,877
+17% +$5.29M
IWF icon
6
iShares Russell 1000 Growth ETF
IWF
$122B
$35.2M 6.27%
929,420
-644,132
-41% -$23.1M
EFA icon
7
iShares MSCI EAFE ETF
EFA
$76.4B
$31.2M 5.57%
481,532
-33,006
-6% -$2.08M
IJH icon
8
iShares Core S&P Mid-Cap ETF
IJH
$123B
$25.1M 4.47%
662,690
+92,025
+16% +$3.4M
FISV
9
Fiserv Inc
FISV
$27.2B
$8.93M 1.59%
101,152
-4,523
-4% -$373K
FBIZ icon
10
First Business Financial Services
FBIZ
$562M
$7.73M 1.38%
386,157
-10,640
-3% -$225K
SCHB icon
11
Schwab US Broad Market ETF
SCHB
$42.8B
$6.44M 1.15%
567,858
-337,476
-37% -$3.69M
SPY icon
12
State Street SPDR S&P 500 ETF Trust
SPY
$778B
$5.81M 1.04%
20,555
-664
-3% -$180K
MUB icon
13
iShares National Muni Bond ETF
MUB
$45.1B
$2.97M 0.53%
26,676
+1,103
+4% +$121K
AAPL icon
14
Apple
AAPL
$4.89T
$2.13M 0.38%
44,884
-312
-0.7% -$13.2K
KO icon
15
Coca-Cola
KO
$354B
$1.82M 0.32%
38,750
– –
IWM icon
16
iShares Russell 2000 ETF
IWM
$80.9B
$1.67M 0.3%
10,889
-6,052
-36% -$909K
FIS icon
17
Fidelity National Information Services
FIS
$21.5B
$1.54M 0.27%
13,596
– –
BA icon
18
Boeing
BA
$165B
$1.29M 0.23%
3,394
-39
-1% -$15K
MSFT icon
19
Microsoft
MSFT
$2.84T
$1.25M 0.22%
10,580
– –
UNH icon
20
UnitedHealth
UNH
$382B
$1.16M 0.21%
4,676
-59
-1% -$15K
DIS icon
21
Walt Disney
DIS
$165B
$1.13M 0.2%
10,148
-186
-2% -$20.8K
ALL icon
22
Allstate
ALL
$66.9B
$1.08M 0.19%
11,460
-145
-1% -$13.1K
IVV icon
23
iShares Core S&P 500 ETF
IVV
$876B
$1.07M 0.19%
3,750
– –
CSCO icon
24
Cisco
CSCO
$450B
$1.07M 0.19%
19,745
+5,613
+40% +$273K
ADI icon
25
Analog Devices
ADI
$181B
$998K 0.18%
9,484
-162
-2% -$16.3K
1
2 3 4 5

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First Business Financial Services's Q1 2019 Portfolio in Review

As of Q1 2019, First Business Financial Services held 157 positions worth $561M, down 4.6% from $588M the previous quarter. Its ten largest holdings account for 87% of the portfolio.

First Business Financial Services withdrew a net $83.5M in Q1 2019, closing 52 positions and reducing 62 holdings. Its most notable exit was State Street Industrial Select Sector SPDR ETF, an estimated $15.7M position sold in full.

By sector, the portfolio is most concentrated in Technology at 3.7% of assets, up from 3% a quarter earlier, followed by Financials and Healthcare.

Against the trend, First Business Financial Services opened a new position in SPDR Gold Trust worth $244K.

  • First Business Financial Services's largest Q1 2019 buy was SPDR Gold Trust: 2,000 shares worth $244K.
  • First Business Financial Services added most to iShares Russell 1000 Value ETF in Q1 2019, an estimated $33.7M increase.
  • First Business Financial Services's biggest Q1 2019 reduction was iShares Russell 1000 Growth ETF, cutting an estimated $23.1M.
  • First Business Financial Services fully exited State Street Industrial Select Sector SPDR ETF in Q1 2019, selling an estimated $15.7M.
  • First Business Financial Services's ten largest holdings make up 87% of its $561M portfolio in Q1 2019.
  • First Business Financial Services opened 3 new positions and closed 52 in Q1 2019.
  • First Business Financial Services's portfolio value fell 4.6% quarter-over-quarter to $561M.

Based on First Business Financial Services's 13F filing for Q1 2019, filed 3 May 2019.