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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
+16.93%
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
$558M
AUM Growth
+$55.6M
Cap. Flow
-$25.7M
Cap. Flow %
-4.61%
Top 10 Hldgs %
82.11%
Holding
128
New
13
Increased
44
Reduced
42
Closed
7

Top Buys

Rank Stock Value
1
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$8.09M
2
MTUM icon
iShares MSCI USA Momentum Factor ETF
MTUM
+$4.06M
3
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$1.19M
4
JPM icon
JPMorgan Chase
JPM
+$996K
5
MUB icon
iShares National Muni Bond ETF
MUB
+$973K

Top Sells

Rank Stock Value
1
VTI icon
Vanguard Total Stock Market ETF
VTI
+$19.8M
2
IWD icon
iShares Russell 1000 Value ETF
IWD
+$7.79M
3
IWF icon
iShares Russell 1000 Growth ETF
IWF
+$7.28M
4
USMV icon
iShares MSCI USA Min Vol Factor ETF
USMV
+$3.66M
5
IEFA icon
iShares Core MSCI EAFE ETF
IEFA
+$2.37M

Sector Composition

Rank Sector Weight
1 Technology 4.76%
2 Financials 2.15%
3 Healthcare 1.39%
4 Consumer Discretionary 1.24%
5 Consumer Staples 1.1%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VTI icon
1
Vanguard Total Stock Market ETF
VTI
$654B
$129M 23.19%
826,540
-134,208
-14% -$19.8M
AGG icon
2
iShares Core US Aggregate Bond ETF
AGG
$138B
$53.9M 9.67%
456,204
+69,143
+18% +$8.09M
IEFA icon
3
iShares Core MSCI EAFE ETF
IEFA
$186B
$42.7M 7.66%
747,178
-43,747
-6% -$2.37M
USMV icon
4
iShares MSCI USA Min Vol Factor ETF
USMV
$23.2B
$42.5M 7.61%
700,397
-61,715
-8% -$3.66M
EFAV icon
5
iShares MSCI EAFE Min Vol Factor ETF
EFAV
$5.22B
$40.9M 7.32%
618,473
-19,694
-3% -$1.28M
IJR icon
6
iShares Core S&P Small-Cap ETF
IJR
$109B
$35.9M 6.44%
526,379
+6,481
+1% +$409K
IWF icon
7
iShares Russell 1000 Growth ETF
IWF
$122B
$33.7M 6.04%
701,932
-165,216
-19% -$7.28M
IWD icon
8
iShares Russell 1000 Value ETF
IWD
$82B
$28.7M 5.14%
254,556
-70,863
-22% -$7.79M
MTUM icon
9
iShares MSCI USA Momentum Factor ETF
MTUM
$25.5B
$25.5M 4.56%
194,348
+33,573
+21% +$4.06M
IJH icon
10
iShares Core S&P Mid-Cap ETF
IJH
$123B
$25M 4.48%
702,455
-56,125
-7% -$1.86M
SPY icon
11
State Street SPDR S&P 500 ETF Trust
SPY
$778B
$13M 2.34%
42,278
+321
+0.8% +$94K
FISV
12
Fiserv Inc
FISV
$27.2B
$6.44M 1.15%
65,927
– –
FBIZ icon
13
First Business Financial Services
FBIZ
$562M
$5.45M 0.98%
331,123
-2,150
-0.6% -$33.6K
AAPL icon
14
Apple
AAPL
$4.89T
$4.46M 0.8%
48,872
+2,312
+5% +$179K
MUB icon
15
iShares National Muni Bond ETF
MUB
$45.1B
$3.79M 0.68%
32,856
+8,574
+35% +$973K
MSFT icon
16
Microsoft
MSFT
$2.84T
$2.35M 0.42%
11,543
-439
-4% -$79.7K
GOOGL icon
17
Alphabet (Google) Class A
GOOGL
$3.91T
$1.96M 0.35%
27,620
+17,640
+177% +$1.19M
FIS icon
18
Fidelity National Information Services
FIS
$21.5B
$1.85M 0.33%
13,807
-1,008
-7% -$132K
JPM icon
19
JPMorgan Chase
JPM
$939B
$1.77M 0.32%
18,785
+10,502
+127% +$996K
DIS icon
20
Walt Disney
DIS
$165B
$1.51M 0.27%
13,520
+2,799
+26% +$309K
UNH icon
21
UnitedHealth
UNH
$382B
$1.41M 0.25%
4,777
-54
-1% -$15.5K
CSCO icon
22
Cisco
CSCO
$450B
$1.38M 0.25%
29,597
+2,045
+7% +$89.7K
AMT icon
23
American Tower
AMT
$77.7B
$1.33M 0.24%
5,137
+289
+6% +$71.5K
HD icon
24
Home Depot
HD
$332B
$1.3M 0.23%
5,191
+517
+11% +$118K
LRCX icon
25
Lam Research
LRCX
$382B
$1.29M 0.23%
39,960
-100
-0.2% -$2.73K
1
2 3 4 5

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First Business Financial Services's Q2 2020 Portfolio in Review

As of Q2 2020, First Business Financial Services held 128 positions worth $558M, up 11% from $502M the previous quarter. Its ten largest holdings account for 82% of the portfolio.

First Business Financial Services withdrew a net $25.7M in Q2 2020, closing 7 positions and reducing 42 holdings. Its most notable exit was S&P Global, an estimated $747K position sold in full.

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

Against the trend, First Business Financial Services opened a new position in Costco worth $618K.

  • First Business Financial Services's largest Q2 2020 buy was Costco: 2,039 shares worth $618K.
  • First Business Financial Services added most to iShares Core US Aggregate Bond ETF in Q2 2020, an estimated $8.09M increase.
  • First Business Financial Services's biggest Q2 2020 reduction was Vanguard Total Stock Market ETF, cutting an estimated $19.8M.
  • First Business Financial Services fully exited S&P Global in Q2 2020, selling an estimated $747K.
  • First Business Financial Services's ten largest holdings make up 82% of its $558M portfolio in Q2 2020.
  • First Business Financial Services opened 13 new positions and closed 7 in Q2 2020.
  • First Business Financial Services's portfolio value rose 11% quarter-over-quarter to $558M.

Based on First Business Financial Services's 13F filing for Q2 2020, filed 12 Aug 2020.