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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
-19.15%
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
$502M
AUM Growth
-$130M
Cap. Flow
-$1.94M
Cap. Flow %
-0.39%
Top 10 Hldgs %
83.97%
Holding
132
New
8
Increased
18
Reduced
64
Closed
17

Top Buys

Rank Stock Value
1
EFAV icon
iShares MSCI EAFE Min Vol Factor ETF
EFAV
+$44.8M
2
MTUM icon
iShares MSCI USA Momentum Factor ETF
MTUM
+$19.9M
3
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$6.61M
4
VTI icon
Vanguard Total Stock Market ETF
VTI
+$6.11M
5
IJH icon
iShares Core S&P Mid-Cap ETF
IJH
+$2.83M

Top Sells

Rank Stock Value
1
EFA icon
iShares MSCI EAFE ETF
EFA
+$30.1M
2
IWD icon
iShares Russell 1000 Value ETF
IWD
+$21.2M
3
IEFA icon
iShares Core MSCI EAFE ETF
IEFA
+$19.3M
4
SCHB icon
Schwab US Broad Market ETF
SCHB
+$6.91M
5
FISV
Fiserv Inc
FISV
+$3.33M

Sector Composition

Rank Sector Weight
1 Technology 4.4%
2 Financials 2.35%
3 Healthcare 1.26%
4 Consumer Staples 1.13%
5 Consumer Discretionary 0.96%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VTI icon
1
Vanguard Total Stock Market ETF
VTI
$654B
$124M 24.66%
960,748
+39,507
+4% +$6.11M
AGG icon
2
iShares Core US Aggregate Bond ETF
AGG
$138B
$44.7M 8.89%
387,061
+14,190
+4% +$1.62M
USMV icon
3
iShares MSCI USA Min Vol Factor ETF
USMV
$23.2B
$41.2M 8.2%
762,112
+13,071
+2% +$829K
EFAV icon
4
iShares MSCI EAFE Min Vol Factor ETF
EFAV
$5.22B
$39.6M 7.88%
+638,167
New +$44.8M
IEFA icon
5
iShares Core MSCI EAFE ETF
IEFA
$186B
$39.5M 7.86%
790,925
-324,906
-29% -$19.3M
IWF icon
6
iShares Russell 1000 Growth ETF
IWF
$122B
$32.7M 6.5%
867,148
-13,600
-2% -$586K
IWD icon
7
iShares Russell 1000 Value ETF
IWD
$82B
$32.3M 6.43%
325,419
-170,068
-34% -$21.2M
IJR icon
8
iShares Core S&P Small-Cap ETF
IJR
$109B
$29.2M 5.81%
519,898
+24,289
+5% +$1.81M
IJH icon
9
iShares Core S&P Mid-Cap ETF
IJH
$123B
$21.8M 4.35%
758,580
+76,000
+11% +$2.83M
MTUM icon
10
iShares MSCI USA Momentum Factor ETF
MTUM
$25.5B
$17.1M 3.41%
+160,775
New +$19.9M
SPY icon
11
State Street SPDR S&P 500 ETF Trust
SPY
$778B
$10.8M 2.15%
41,957
+21,668
+107% +$6.61M
FISV
12
Fiserv Inc
FISV
$27.2B
$6.26M 1.25%
65,927
-29,941
-31% -$3.33M
FBIZ icon
13
First Business Financial Services
FBIZ
$562M
$5.17M 1.03%
333,273
-15,056
-4% -$344K
AAPL icon
14
Apple
AAPL
$4.89T
$2.96M 0.59%
46,560
-1,076
-2% -$79.1K
MUB icon
15
iShares National Muni Bond ETF
MUB
$45.1B
$2.74M 0.55%
24,282
+104
+0.4% +$11.9K
MSFT icon
16
Microsoft
MSFT
$2.84T
$1.89M 0.38%
11,982
+182
+2% +$29.9K
FIS icon
17
Fidelity National Information Services
FIS
$21.5B
$1.8M 0.36%
14,815
+1,294
+10% +$180K
UNH icon
18
UnitedHealth
UNH
$382B
$1.21M 0.24%
4,831
-108
-2% -$29.7K
KO icon
19
Coca-Cola
KO
$354B
$1.16M 0.23%
26,250
-10,137
-28% -$547K
CSCO icon
20
Cisco
CSCO
$450B
$1.08M 0.22%
27,552
-2,868
-9% -$126K
AMT icon
21
American Tower
AMT
$77.7B
$1.06M 0.21%
4,848
-111
-2% -$25.8K
DIS icon
22
Walt Disney
DIS
$165B
$1.04M 0.21%
10,721
-133
-1% -$16.8K
ALL icon
23
Allstate
ALL
$66.9B
$1.03M 0.2%
11,213
-200
-2% -$21.7K
MRK icon
24
Merck
MRK
$324B
$991K 0.2%
13,496
-286
-2% -$22.5K
LRCX icon
25
Lam Research
LRCX
$382B
$961K 0.19%
40,060
-750
-2% -$21.6K
1
2 3 4 5

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First Business Financial Services's Q1 2020 Portfolio in Review

As of Q1 2020, First Business Financial Services held 132 positions worth $502M, down 21% from $632M the previous quarter. Its ten largest holdings account for 84% of the portfolio.

First Business Financial Services's Q1 2020 filing shows 8 new, 18 increased, 64 reduced and 17 closed positions. Its largest new stake was iShares MSCI EAFE Min Vol Factor ETF: 638,167 shares worth $39.6M. The largest sale was iShares MSCI EAFE ETF, an estimated $30.1M.

By sector, the portfolio is most concentrated in Technology at 4.4% of assets, down from 4.8% a quarter earlier, followed by Financials and Healthcare.

  • First Business Financial Services's largest Q1 2020 buy was iShares MSCI EAFE Min Vol Factor ETF: 638,167 shares worth $39.6M.
  • First Business Financial Services added most to State Street SPDR S&P 500 ETF Trust in Q1 2020, an estimated $6.61M increase.
  • First Business Financial Services's biggest Q1 2020 reduction was iShares Russell 1000 Value ETF, cutting an estimated $21.2M.
  • First Business Financial Services fully exited iShares MSCI EAFE ETF in Q1 2020, selling an estimated $30.1M.
  • First Business Financial Services's ten largest holdings make up 84% of its $502M portfolio in Q1 2020.
  • First Business Financial Services opened 8 new positions and closed 17 in Q1 2020.
  • First Business Financial Services's portfolio value fell 21% quarter-over-quarter to $502M.

Based on First Business Financial Services's 13F filing for Q1 2020, filed 1 May 2020.