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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
+1.32%
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
$585M
AUM Growth
+$9.4M
Cap. Flow
+$3.44M
Cap. Flow %
0.59%
Top 10 Hldgs %
85.37%
Holding
123
New
6
Increased
26
Reduced
27
Closed
5

Top Buys

Rank Stock Value
1
USMV icon
iShares MSCI USA Min Vol Factor ETF
USMV
+$46.7M
2
IEFA icon
iShares Core MSCI EAFE ETF
IEFA
+$3.85M
3
IWD icon
iShares Russell 1000 Value ETF
IWD
+$1.27M
4
IJR icon
iShares Core S&P Small-Cap ETF
IJR
+$1.15M
5
IJH icon
iShares Core S&P Mid-Cap ETF
IJH
+$645K

Top Sells

Rank Stock Value
1
VTI icon
Vanguard Total Stock Market ETF
VTI
+$42.4M
2
SCHB icon
Schwab US Broad Market ETF
SCHB
+$6.39M
3
EFA icon
iShares MSCI EAFE ETF
EFA
+$792K
4
FISV
Fiserv Inc
FISV
+$539K
5
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$411K

Sector Composition

Rank Sector Weight
1 Technology 4.43%
2 Financials 3.75%
3 Healthcare 1.4%
4 Consumer Staples 1.22%
5 Consumer Discretionary 0.83%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VTI icon
1
Vanguard Total Stock Market ETF
VTI
$654B
$140M 23.9%
925,985
-281,109
-23% -$42.4M
IEFA icon
2
iShares Core MSCI EAFE ETF
IEFA
$186B
$68M 11.62%
1,113,318
+63,720
+6% +$3.85M
IWD icon
3
iShares Russell 1000 Value ETF
IWD
$82B
$63.4M 10.84%
494,375
+10,018
+2% +$1.27M
USMV icon
4
iShares MSCI USA Min Vol Factor ETF
USMV
$23.2B
$47.2M 8.08%
+736,940
New +$46.7M
AGG icon
5
iShares Core US Aggregate Bond ETF
AGG
$138B
$42.6M 7.27%
375,997
+1,763
+0.5% +$198K
IJR icon
6
iShares Core S&P Small-Cap ETF
IJR
$109B
$38.3M 6.55%
492,507
+14,835
+3% +$1.15M
IWF icon
7
iShares Russell 1000 Growth ETF
IWF
$122B
$35.4M 6.06%
887,632
+6,904
+0.8% +$277K
EFA icon
8
iShares MSCI EAFE ETF
EFA
$76.4B
$28.5M 4.87%
436,508
-12,289
-3% -$792K
IJH icon
9
iShares Core S&P Mid-Cap ETF
IJH
$123B
$26.3M 4.49%
679,630
+16,790
+3% +$645K
FISV
10
Fiserv Inc
FISV
$27.2B
$9.93M 1.7%
95,868
-5,284
-5% -$539K
FBIZ icon
11
First Business Financial Services
FBIZ
$562M
$8.76M 1.5%
363,961
+690
+0.2% +$16.2K
SPY icon
12
State Street SPDR S&P 500 ETF Trust
SPY
$778B
$6.02M 1.03%
20,289
-216
-1% -$63.8K
MUB icon
13
iShares National Muni Bond ETF
MUB
$45.1B
$2.71M 0.46%
23,744
-1,298
-5% -$148K
AAPL icon
14
Apple
AAPL
$4.89T
$2.59M 0.44%
46,336
+1,640
+4% +$85.7K
KO icon
15
Coca-Cola
KO
$354B
$1.98M 0.34%
36,387
-2,500
-6% -$134K
FIS icon
16
Fidelity National Information Services
FIS
$21.5B
$1.8M 0.31%
13,596
– –
MSFT icon
17
Microsoft
MSFT
$2.84T
$1.63M 0.28%
11,750
+189
+2% +$26K
IWM icon
18
iShares Russell 2000 ETF
IWM
$80.9B
$1.46M 0.25%
9,662
-479
-5% -$73.1K
DIS icon
19
Walt Disney
DIS
$165B
$1.42M 0.24%
10,903
-308
-3% -$42.6K
BA icon
20
Boeing
BA
$165B
$1.3M 0.22%
3,415
+35
+1% +$12.5K
ALL icon
21
Allstate
ALL
$66.9B
$1.25M 0.21%
11,461
– –
HD icon
22
Home Depot
HD
$332B
$1.2M 0.21%
5,168
– –
AMT icon
23
American Tower
AMT
$77.7B
$1.1M 0.19%
4,997
– –
ADI icon
24
Analog Devices
ADI
$181B
$1.05M 0.18%
9,438
– –
CTAS icon
25
Cintas
CTAS
$82.4B
$1.04M 0.18%
15,520
– –
1
2 3 4 5

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First Business Financial Services's Q3 2019 Portfolio in Review

As of Q3 2019, First Business Financial Services held 123 positions worth $585M, up 1.6% from $576M the previous quarter. Its ten largest holdings account for 85% of the portfolio.

First Business Financial Services's Q3 2019 filing shows 6 new, 26 increased, 27 reduced and 5 closed positions. Its largest new stake was iShares MSCI USA Min Vol Factor ETF: 736,940 shares worth $47.2M. The largest sale was Vanguard Total Stock Market ETF, an estimated $42.4M.

By sector, the portfolio is most concentrated in Technology at 4.4% of assets, up from 4.2% a quarter earlier, followed by Financials and Healthcare.

  • First Business Financial Services's largest Q3 2019 buy was iShares MSCI USA Min Vol Factor ETF: 736,940 shares worth $47.2M.
  • First Business Financial Services added most to iShares Core MSCI EAFE ETF in Q3 2019, an estimated $3.85M increase.
  • First Business Financial Services's biggest Q3 2019 reduction was Vanguard Total Stock Market ETF, cutting an estimated $42.4M.
  • First Business Financial Services fully exited Schwab US Broad Market ETF in Q3 2019, selling an estimated $6.39M.
  • First Business Financial Services's ten largest holdings make up 85% of its $585M portfolio in Q3 2019.
  • First Business Financial Services opened 6 new positions and closed 5 in Q3 2019.
  • First Business Financial Services's portfolio value rose 1.6% quarter-over-quarter to $585M.

Based on First Business Financial Services's 13F filing for Q3 2019, filed 5 Nov 2019.