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FBFS

First Business Financial Services Portfolio holdings

AUM $1.29B
1-Year Est. Return 27.28%
This Fund
S&P 500
This Quarter Est. Return
+3.08%
1 Year Est. Return
+27.28%
3 Year Est. Return
+73.97%
5 Year Est. Return
+72.39%
10 Year Est. Return
+213.72%
AUM
$1.09B
AUM Growth
-$1.04M
Cap. Flow
-$29.9M
Cap. Flow %
-2.74%
Top 10 Hldgs %
72.65%
Holding
187
New
2
Increased
47
Reduced
67
Closed
19

Top Buys

Rank Stock Value
1
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$1.83M
2
META icon
Meta Platforms (Facebook)
META
+$1.81M
3
PRU icon
Prudential Financial
PRU
+$856K
4
JPST icon
JPMorgan Ultra-Short Income ETF
JPST
+$755K
5
AVGO icon
Broadcom
AVGO
+$353K

Top Sells

Rank Stock Value
1
CAT icon
Caterpillar
CAT
+$7.78M
2
VTI icon
Vanguard Morningstar Total Stock Market ETF
VTI
+$6.06M
3
DE icon
Deere & Co
DE
+$4.59M
4
MGEE icon
MGE Energy Inc
MGEE
+$3.13M
5
IWF icon
iShares Russell 1000 Growth ETF
IWF
+$2.7M

Sector Composition

Rank Sector Weight
1 Technology 8.38%
2 Financials 5.18%
3 Communication Services 2.28%
4 Healthcare 2.03%
5 Industrials 1.87%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VTI icon
1
Vanguard Morningstar Total Stock Market ETF
VTI
$684B
$264M 24.29%
788,902
-18,227
-2% -$6.06M
IEFA icon
2
iShares Core MSCI EAFE ETF
IEFA
$196B
$135M 12.43%
1,513,690
-7,285
-0.5% -$644K
IWF icon
3
iShares Russell 1000 Growth ETF
IWF
$125B
$86.2M 7.91%
728,296
-22,776
-3% -$2.7M
IJR icon
4
iShares Core S&P Small-Cap ETF
IJR
$110B
$59.2M 5.44%
492,711
-6,707
-1% -$802K
DGRO icon
5
iShares Core Dividend Growth ETF
DGRO
$43.9B
$57.1M 5.24%
822,044
-1,982
-0.2% -$136K
IWD icon
6
iShares Russell 1000 Value ETF
IWD
$84.2B
$55.2M 5.07%
262,423
-3,006
-1% -$621K
IJH icon
7
iShares Core S&P Mid-Cap ETF
IJH
$125B
$46M 4.22%
696,772
-7,398
-1% -$485K
AGG icon
8
iShares Core US Aggregate Bond ETF
AGG
$139B
$38.1M 3.5%
381,535
+18,241
+5% +$1.83M
SPY icon
9
State Street SPDR S&P 500 ETF Trust
SPY
$821B
$29.9M 2.74%
43,791
– –
FBIZ icon
10
First Business Financial Services
FBIZ
$586M
$19.6M 1.8%
361,311
-12,922
-3% -$676K
NVDA icon
11
NVIDIA
NVDA
$5.14T
$17.6M 1.62%
94,501
+847
+0.9% +$158K
AAPL icon
12
Apple
AAPL
$4.52T
$15.5M 1.42%
56,928
+451
+0.8% +$121K
AVGO icon
13
Broadcom
AVGO
$1.7T
$13.1M 1.2%
37,823
+988
+3% +$353K
GOOGL icon
14
Alphabet (Google) Class A
GOOGL
$4.24T
$12.2M 1.12%
38,978
+602
+2% +$172K
JPST icon
15
JPMorgan Ultra-Short Income ETF
JPST
$40.8B
$11M 1.01%
217,698
+14,901
+7% +$755K
JPM icon
16
JPMorgan Chase
JPM
$946B
$10.3M 0.95%
32,107
+524
+2% +$162K
MSFT icon
17
Microsoft
MSFT
$3.64T
$8.55M 0.79%
17,678
-1,125
-6% -$564K
ANET icon
18
Arista Networks
ANET
$237B
$7.74M 0.71%
59,041
+1,949
+3% +$268K
CIEN icon
19
Ciena
CIEN
$54B
$6.25M 0.57%
26,740
+784
+3% +$152K
LLY icon
20
Eli Lilly
LLY
$1.11T
$6.15M 0.56%
5,719
+118
+2% +$113K
PWR icon
21
Quanta Services
PWR
$91.2B
$5.96M 0.55%
14,111
+266
+2% +$117K
XLK icon
22
State Street Technology Select Sector SPDR ETF
XLK
$118B
$5.25M 0.48%
36,498
– –
MTUM icon
23
iShares MSCI USA Momentum Factor ETF
MTUM
$24.5B
$5.09M 0.47%
20,335
– –
MUB icon
24
iShares National Muni Bond ETF
MUB
$45.6B
$4.83M 0.44%
45,130
+1,474
+3% +$158K
COR icon
25
Cencora
COR
$62B
$4.64M 0.43%
13,742
+398
+3% +$136K
1
2 3 4 5

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First Business Financial Services's Q4 2025 Portfolio in Review

As of Q4 2025, First Business Financial Services held 187 positions worth $1.09B, down 0.1% from $1.09B the previous quarter. Its ten largest holdings account for 73% of the portfolio.

First Business Financial Services's Q4 2025 filing shows 2 new, 47 increased, 67 reduced and 19 closed positions. Its largest new stake was Truist Financial: 4,292 shares worth $211K. The largest sale was Caterpillar, an estimated $7.78M.

By sector, the portfolio is most concentrated in Technology at 8.4% of assets, up from 8% a quarter earlier, followed by Financials and Communication Services.

  • First Business Financial Services's largest Q4 2025 buy was Truist Financial: 4,292 shares worth $211K.
  • First Business Financial Services added most to iShares Core US Aggregate Bond ETF in Q4 2025, an estimated $1.83M increase.
  • First Business Financial Services's biggest Q4 2025 reduction was Caterpillar, cutting an estimated $7.78M.
  • First Business Financial Services fully exited Deere & Co in Q4 2025, selling an estimated $4.59M.
  • First Business Financial Services's ten largest holdings make up 73% of its $1.09B portfolio in Q4 2025.
  • First Business Financial Services opened 2 new positions and closed 19 in Q4 2025.
  • First Business Financial Services's portfolio value fell 0.1% quarter-over-quarter to $1.09B.

Based on First Business Financial Services's 13F filing for Q4 2025, filed 6 Feb 2026.