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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
+5.56%
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
$811M
AUM Growth
+$13.9M
(+1.7%)
Cap. Flow
-$26.3M
Cap. Flow
% of AUM
-3.24%
Top 10 Holdings %
Top 10 Hldgs %
77.08%
Holding
180
New
12
Increased
55
Reduced
38
Closed
13
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
IQVIA
IQV
|
+$1.63M |
| 2 |
Corteva
CTVA
|
+$1.38M |
| 3 |
EOG Resources
EOG
|
+$1.08M |
| 4 |
Quanta Services
PWR
|
+$797K |
| 5 |
Ciena
CIEN
|
+$786K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Real Estate ETF
VNQ
|
+$16M |
| 2 |
Vanguard Total Stock Market ETF
VTI
|
+$3.73M |
| 3 |
iShares Core US Aggregate Bond ETF
AGG
|
+$1.66M |
| 4 |
iShares Core MSCI EAFE ETF
IEFA
|
+$1.63M |
| 5 |
iShares MSCI USA Momentum Factor ETF
MTUM
|
+$1.48M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 5.71% |
| 2 | Financials | 3.17% |
| 3 | Healthcare | 2.77% |
| 4 | Industrials | 1.59% |
| 5 | Consumer Staples | 1.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Vanguard Total Stock Market ETF
VTI
$654B
| $196M | 24.18% |
890,002
-17,896
| -2% | -$3.73M |
|
|
2
iShares Core MSCI EAFE ETF
IEFA
$186B
| $110M | 13.61% |
1,634,686
-24,005
| -1% | -$1.63M |
|
3
iShares Russell 1000 Growth ETF
IWF
$122B
| $58.3M | 7.2% |
848,100
-11,364
| -1% | -$723K |
|
4
iShares Core S&P Small-Cap ETF
IJR
$109B
| $54.7M | 6.74% |
548,526
-9,962
| -2% | -$949K |
|
5
iShares Core Dividend Growth ETF
DGRO
$42.6B
| $46.4M | 5.72% |
900,247
-18,204
| -2% | -$916K |
|
|
6
iShares Core US Aggregate Bond ETF
AGG
$138B
| $44.9M | 5.53% |
458,082
-16,806
| -4% | -$1.66M |
|
7
iShares Russell 1000 Value ETF
IWD
$82B
| $44.6M | 5.5% |
282,564
-5,297
| -2% | -$810K |
|
8
iShares Core S&P Mid-Cap ETF
IJH
$123B
| $39.2M | 4.83% |
749,355
-9,860
| -1% | -$490K |
|
9
State Street SPDR S&P 500 ETF Trust
SPY
$778B
| $19.7M | 2.43% |
44,499
| – | – |
|
10
First Business Financial Services
FBIZ
$562M
| $10.7M | 1.32% |
362,895
+8,380
| +2% | +$238K |
|
11
JPMorgan Ultra-Short Income ETF
JPST
$40B
| $10.6M | 1.31% |
211,627
-5,130
| -2% | -$257K |
|
12
Apple
AAPL
$4.89T
| $10.5M | 1.3% |
54,277
+4
| +0% | +$697 |
|
13
Microsoft
MSFT
$2.84T
| $4.9M | 0.6% |
14,394
+20
| +0.1% | +$6.27K |
|
14
Alphabet (Google) Class A
GOOGL
$3.91T
| $4.88M | 0.6% |
40,792
+114
| +0.3% | +$13.1K |
|
|
FISV
15
Fiserv Inc
FISV
$27.2B
| $4.59M | 0.57% |
36,410
| – | – |
|
16
JPMorgan Chase
JPM
$939B
| $4.14M | 0.51% |
28,467
+179
| +0.6% | +$24.6K |
|
17
PepsiCo
PEP
$186B
| $3.28M | 0.41% |
17,733
-476
| -3% | -$88.8K |
|
|
18
iShares MSCI USA Momentum Factor ETF
MTUM
$25.5B
| $2.94M | 0.36% |
20,389
-10,492
| -34% | -$1.48M |
|
19
Eli Lilly
LLY
$1.07T
| $2.82M | 0.35% |
6,016
+38
| +0.6% | +$15.9K |
|
20
iShares Core S&P 500 ETF
IVV
$876B
| $2.77M | 0.34% |
6,209
+423
| +7% | +$178K |
|
21
Broadcom
AVGO
$1.82T
| $2.74M | 0.34% |
31,620
-410
| -1% | -$29.2K |
|
22
Analog Devices
ADI
$181B
| $2.54M | 0.31% |
13,026
+33
| +0.3% | +$6.11K |
|
23
Cisco
CSCO
$450B
| $2.5M | 0.31% |
48,324
+1
| +0% | +$49 |
|
|
24
Quanta Services
PWR
$93.9B
| $2.4M | 0.3% |
12,236
+4,568
| +60% | +$797K |
|
25
State Street Technology Select Sector SPDR ETF
XLK
$115B
| $2.33M | 0.29% |
26,770
| – | – |
|
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First Business Financial Services's Q2 2023 Portfolio in Review
As of Q2 2023, First Business Financial Services held 180 positions worth $811M, up 1.7% from $797M the previous quarter. Its ten largest holdings account for 77% of the portfolio.
First Business Financial Services withdrew a net $26.3M in Q2 2023, closing 13 positions and reducing 38 holdings. Its most notable exit was Vanguard Real Estate ETF, an estimated $16M position sold in full.
By sector, the portfolio is most concentrated in Technology at 5.7% of assets, up from 5.2% a quarter earlier, followed by Financials and Healthcare.
Against the trend, First Business Financial Services opened a new position in IQVIA worth $1.83M.
- First Business Financial Services's largest Q2 2023 buy was IQVIA: 8,122 shares worth $1.83M.
- First Business Financial Services added most to Quanta Services in Q2 2023, an estimated $797K increase.
- First Business Financial Services's biggest Q2 2023 reduction was Vanguard Total Stock Market ETF, cutting an estimated $3.73M.
- First Business Financial Services fully exited Vanguard Real Estate ETF in Q2 2023, selling an estimated $16M.
- First Business Financial Services's ten largest holdings make up 77% of its $811M portfolio in Q2 2023.
- First Business Financial Services opened 12 new positions and closed 13 in Q2 2023.
- First Business Financial Services's portfolio value rose 1.7% quarter-over-quarter to $811M.
Based on First Business Financial Services's 13F filing for Q2 2023, filed 7 Aug 2023.