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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
-5.54%
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
$700M
AUM Growth
-$42.1M
Cap. Flow
+$17.7M
Cap. Flow %
2.53%
Top 10 Hldgs %
77.78%
Holding
171
New
12
Increased
63
Reduced
30
Closed
10

Top Buys

Rank Stock Value
1
SYK icon
Stryker
SYK
+$8.33M
2
MDY icon
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
+$7.13M
3
XLY icon
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
+$4.22M
4
AMP icon
Ameriprise Financial
AMP
+$2.4M
5
AMT icon
American Tower
AMT
+$2.15M

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$8.35M
2
MUB icon
iShares National Muni Bond ETF
MUB
+$3.66M
3
XLE icon
State Street Energy Select Sector SPDR ETF
XLE
+$1.23M
4
IEFA icon
iShares Core MSCI EAFE ETF
IEFA
+$1.21M
5
XLI icon
State Street Industrial Select Sector SPDR ETF
XLI
+$1.16M

Sector Composition

Rank Sector Weight
1 Technology 5.1%
2 Financials 3.49%
3 Healthcare 2.52%
4 Consumer Staples 1.61%
5 Consumer Discretionary 1.57%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VTI icon
1
Vanguard Total Stock Market ETF
VTI
$654B
$164M 23.4%
912,935
+4,060
+0.4% +$809K
IEFA icon
2
iShares Core MSCI EAFE ETF
IEFA
$186B
$87.7M 12.53%
1,665,385
-20,590
-1% -$1.21M
AGG icon
3
iShares Core US Aggregate Bond ETF
AGG
$138B
$50.1M 7.15%
519,581
-10,688
-2% -$1.08M
IJR icon
4
iShares Core S&P Small-Cap ETF
IJR
$109B
$49.2M 7.02%
564,120
+762
+0.1% +$74K
IWF icon
5
iShares Russell 1000 Growth ETF
IWF
$122B
$45.6M 6.51%
867,072
-2,884
-0.3% -$170K
DGRO icon
6
iShares Core Dividend Growth ETF
DGRO
$42.6B
$40.9M 5.84%
920,386
+13,354
+1% +$657K
IWD icon
7
iShares Russell 1000 Value ETF
IWD
$82B
$39.1M 5.59%
287,837
+1,759
+0.6% +$264K
IJH icon
8
iShares Core S&P Mid-Cap ETF
IJH
$123B
$33.2M 4.75%
757,980
+135
+0% +$6.53K
VNQ icon
9
Vanguard Real Estate ETF
VNQ
$39.9B
$19M 2.71%
236,565
+3,358
+1% +$314K
SPY icon
10
State Street SPDR S&P 500 ETF Trust
SPY
$778B
$16M 2.29%
44,890
-48
-0.1% -$19.1K
FBIZ icon
11
First Business Financial Services
FBIZ
$562M
$11.6M 1.66%
360,523
+5,560
+2% +$185K
AAPL icon
12
Apple
AAPL
$4.89T
$7.55M 1.08%
5,058
-53,225
-91% -$8.35M
FISV
13
Fiserv Inc
FISV
$27.2B
$5.98M 0.85%
63,929
-200
-0.3% -$20.4K
MTUM icon
14
iShares MSCI USA Momentum Factor ETF
MTUM
$25.5B
$4.54M 0.65%
34,607
-10
-0% -$1.4K
GOOGL icon
15
Alphabet (Google) Class A
GOOGL
$3.91T
$3.89M 0.56%
40,689
+389
+1% +$43.1K
MSFT icon
16
Microsoft
MSFT
$2.84T
$3.23M 0.46%
13,877
-78
-0.6% -$20.6K
PEP icon
17
PepsiCo
PEP
$186B
$2.92M 0.42%
17,870
+381
+2% +$65.7K
JPM icon
18
JPMorgan Chase
JPM
$939B
$2.86M 0.41%
27,330
+1,495
+6% +$172K
IVV icon
19
iShares Core S&P 500 ETF
IVV
$876B
$2.08M 0.3%
5,786
+195
+3% +$77.9K
KO icon
20
Coca-Cola
KO
$354B
$2.07M 0.3%
36,904
-2,000
-5% -$124K
XLE icon
21
State Street Energy Select Sector SPDR ETF
XLE
$39.5B
$1.98M 0.28%
21,782
-32,462
-60% -$1.23M
UNH icon
22
UnitedHealth
UNH
$382B
$1.95M 0.28%
3,853
-202
-5% -$106K
LLY icon
23
Eli Lilly
LLY
$1.07T
$1.9M 0.27%
5,868
+318
+6% +$101K
CSCO icon
24
Cisco
CSCO
$450B
$1.88M 0.27%
46,945
+879
+2% +$39K
ELV icon
25
Elevance Health
ELV
$81.9B
$1.86M 0.27%
3,798
-41
-1% -$19.6K
1
2 3 4 5

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First Business Financial Services's Q3 2022 Portfolio in Review

As of Q3 2022, First Business Financial Services held 171 positions worth $700M, down 5.7% from $742M the previous quarter. Its ten largest holdings account for 78% of the portfolio.

First Business Financial Services's Q3 2022 filing shows 12 new, 63 increased, 30 reduced and 10 closed positions. Its largest new stake was Automatic Data Processing: 6,620 shares worth $211K. The largest sale was Apple, an estimated $8.35M.

By sector, the portfolio is most concentrated in Technology at 5.1% of assets, down from 5.1% a quarter earlier, followed by Financials and Healthcare.

  • First Business Financial Services's largest Q3 2022 buy was Automatic Data Processing: 6,620 shares worth $211K.
  • First Business Financial Services added most to Stryker in Q3 2022, an estimated $8.33M increase.
  • First Business Financial Services's biggest Q3 2022 reduction was Apple, cutting an estimated $8.35M.
  • First Business Financial Services fully exited iShares National Muni Bond ETF in Q3 2022, selling an estimated $3.66M.
  • First Business Financial Services's ten largest holdings make up 78% of its $700M portfolio in Q3 2022.
  • First Business Financial Services opened 12 new positions and closed 10 in Q3 2022.
  • First Business Financial Services's portfolio value fell 5.7% quarter-over-quarter to $700M.

Based on First Business Financial Services's 13F filing for Q3 2022, filed 15 Nov 2022.