First Business Financial Services Top Holdings and 13F Report (2024)

About First Business Financial Services

First Business Financial Services NASDAQ: FBIZ has filed 13-F forms with the SEC as an investor. First Business Financial Services is itself a publicly traded company. First Business Financial Services, Inc. operates as the bank holding company for First Business Bank that provides commercial banking products and services for small and medium-sized businesses, business owners, executives, professionals, and high net worth individuals in Wisconsin, Kansas, and Missouri. For more information on First Business Financial Services stock, visit the First Business Financial Services stock profile here.

Investment Activity

First Business Financial Services has $1.11 billion in total holdings as of March 31, 2024.
First Business Financial Services owns shares of 185 different stocks, but just 17 companies or ETFs make up 80% of its holdings.
Approximately 2.07% of the portfolio was purchased this quarter.
About 2.13% of the portfolio was sold this quarter.
This quarter, First Business Financial Services has purchased 170 new stocks and bought additional shares in 34 stocks.
First Business Financial Services sold shares of 50 stocks and completely divested from 5 stocks this quarter.

Largest Holdings

Vanguard Total Stock Market ETF: $274,163,704
iShares Core MSCI EAFE ETF: $142,166,857
iShares Russell 1000 Growth ETF: $87,206,609
iShares Core S&P Small-Cap ETF: $61,501,964
iShares Core Dividend Growth ETF: $59,914,977

Largest New Holdings this Quarter

64110L106 - Netflix: $2,300,625 Holding
670346105 - Nucor: $2,018,363 Holding
889478103 - Toll Brothers: $1,599,532 Holding
688239201 - Oshkosh: $1,333,187 Holding
79466L302 - Salesforce: $1,166,022 Holding

Largest Purchases this Quarter

Netflix: 1,718 shares (about $2.30M)
Nucor: 15,581 shares (about $2.02M)
NVIDIA: 10,727 shares (about $1.69M)
Toll Brothers: 14,015 shares (about $1.60M)
Oshkosh: 11,742 shares (about $1.33M)

Largest Sales this Quarter

Corteva: 35,949 shares (about $2.68M)
Walt Disney: 19,449 shares (about $2.41M)
iShares Core U.S. Aggregate Bond ETF: 22,861 shares (about $2.27M)
CSX: 52,690 shares (about $1.72M)
Hilton Worldwide: 5,971 shares (about $1.59M)

Sector Allocation Over Time

Selling

Neutral

Buying

Latest 13F Holdings and Changes Since Previous Quarterly Filing

Issuer Name	Holdings Value	Approximate Purchase/Sale	Change in Shares	Shares Held	% of Portfolio	Sector
VTI Vanguard Total Stock Market ETF	$274,163,704	$120,660 ▼	0.0%	902,062	24.7%	ETF
IEFA iShares Core MSCI EAFE ETF	$142,166,857	$663,249 ▼	-0.5%	1,703,005	12.8%	ETF
IWF iShares Russell 1000 Growth ETF	$87,206,609	$143,933 ▼	-0.2%	205,395	7.9%	ETF
IJR iShares Core S&P Small-Cap ETF	$61,501,964	$739,675 ▼	-1.2%	562,741	5.5%	ETF
DGRO iShares Core Dividend Growth ETF	$59,914,977	$42,840 ▲	0.1%	937,050	5.4%	ETF
IWD iShares Russell 1000 Value ETF	$57,355,342	$143,342 ▼	-0.2%	295,296	5.2%	ETF
IJH iShares Core S&P Mid-Cap ETF	$49,003,118	$209,814 ▼	-0.4%	790,118	4.4%	ETF
AGG iShares Core U.S. Aggregate Bond ETF	$35,404,877	$2,267,811 ▼	-6.0%	356,904	3.2%	Finance
SPY SPDR S&P 500 ETF Trust	$27,182,311		0.0%	43,995	2.5%	Finance
FBIZ First Business Financial Services	$19,984,914	$34,044 ▲	0.2%	394,491	1.8%	Finance
NVDA NVIDIA	$16,069,637	$1,694,759 ▲	11.8%	101,713	1.4%	Computer and Technology
AAPL Apple	$12,234,492	$320,476 ▼	-2.6%	59,631	1.1%	Computer and Technology
AVGO Broadcom	$11,008,634	$288,330 ▼	-2.6%	39,937	1.0%	Computer and Technology
JPST JPMorgan Ultra-Short Income ETF	$9,987,356	$551,449 ▼	-5.2%	197,067	0.9%	ETF
JPM JPMorgan Chase & Co.	$9,842,445	$254,541 ▲	2.7%	33,950	0.9%	Finance
MSFT Microsoft	$9,014,561	$588,436 ▼	-6.1%	18,123	0.8%	Computer and Technology
GOOGL Alphabet	$7,181,020	$197,025 ▲	2.8%	40,748	0.6%	Computer and Technology
Arista Networks Inc	$6,739,774	$138,323 ▲	2.1%	65,876	0.6%	Com
CAT Caterpillar	$5,693,876		0.0%	14,667	0.5%	Industrials
PWR Quanta Services	$5,530,554	$482,430 ▲	9.6%	14,628	0.5%	Construction
DE Deere & Company	$5,105,240		0.0%	10,040	0.5%	Industrials
MTUM iShares MSCI USA Momentum Factor ETF	$4,886,907		0.0%	20,335	0.4%	ETF
LLY Eli Lilly and Company	$4,817,495	$272,835 ▼	-5.4%	6,180	0.4%	Medical
COR Cencora	$4,681,258	$315,742 ▲	7.2%	15,612	0.4%	Medical
XLK Technology Select Sector SPDR Fund	$4,621,194	$1,295,018 ▲	38.9%	18,249	0.4%	ETF
COST Costco Wholesale	$4,537,885	$75,235 ▲	1.7%	4,584	0.4%	Retail/Wholesale
MUB iShares National Muni Bond ETF	$4,497,028	$51,195 ▼	-1.1%	43,042	0.4%	ETF
BRK.A Berkshire Hathaway	$4,372,800		0.0%	6	0.4%	Finance
MGEE MGE Energy	$4,147,748	$55,098 ▲	1.3%	46,899	0.4%	Utilities
SYK Stryker	$3,757,694	$20,573 ▼	-0.5%	9,498	0.3%	Medical
IVV iShares Core S&P 500 ETF	$3,646,546		0.0%	5,873	0.3%	ETF
TMUS T-Mobile US	$3,619,408	$215,149 ▼	-5.6%	15,191	0.3%	Computer and Technology
RSG Republic Services	$3,540,333	$197,041 ▲	5.9%	14,356	0.3%	Business Services
BAC Bank of America	$3,385,415	$263,951 ▲	8.5%	71,543	0.3%	Finance
C Citigroup	$3,307,082	$549,109 ▼	-14.2%	38,852	0.3%	Financial Services
ADI Analog Devices	$3,197,323	$170,184 ▼	-5.1%	13,433	0.3%	Computer and Technology
XOM Exxon Mobil	$3,155,522	$26,734 ▲	0.9%	29,272	0.3%	Energy
ICE Intercontinental Exchange	$3,006,890	$44,033 ▼	-1.4%	16,389	0.3%	Finance
GD General Dynamics	$2,859,726	$152,247 ▼	-5.1%	9,805	0.3%	Aerospace
Lam Research Corporation	$2,850,115	$209,573 ▼	-6.8%	29,280	0.3%	Com
TXN Texas Instruments	$2,712,971	$94,467 ▼	-3.4%	13,067	0.2%	Computer and Technology
EA Electronic Arts	$2,706,755	$42,640 ▼	-1.6%	16,949	0.2%	Consumer Discretionary
KO CocaCola	$2,699,254	$1,077,806 ▲	66.5%	38,152	0.2%	Consumer Staples
EQIX Equinix	$2,607,551	$249,778 ▲	10.6%	3,278	0.2%	Finance
CSCO Cisco Systems	$2,481,445	$1,295,047 ▼	-34.3%	35,766	0.2%	Computer and Technology
TJX TJX Companies	$2,472,887	$122,008 ▼	-4.7%	20,025	0.2%	Retail/Wholesale
DRI Darden Restaurants	$2,323,996	$306,902 ▼	-11.7%	10,662	0.2%	Retail/Wholesale
XLE Energy Select Sector SPDR Fund	$2,311,242		0.0%	27,252	0.2%	ETF
NFLX Netflix	$2,300,625	$2,300,625 ▲	New Holding	1,718	0.2%	Consumer Discretionary
CIEN Ciena	$2,251,214	$274,814 ▲	13.9%	27,680	0.2%	Computer and Technology
NEE NextEra Energy	$2,247,750	$408,051 ▲	22.2%	32,379	0.2%	Utilities
AMZN Amazon.com	$2,099,343	$87,756 ▲	4.4%	9,569	0.2%	Retail/Wholesale
PRU Prudential Financial	$2,083,047	$39,538 ▼	-1.9%	19,388	0.2%	Finance
XLI Industrial Select Sector SPDR Fund	$2,067,198		0.0%	14,013	0.2%	ETF
NUE Nucor	$2,018,363	$2,018,363 ▲	New Holding	15,581	0.2%	Basic Materials
LOW Lowe's Companies	$1,981,965	$79,208 ▼	-3.8%	8,933	0.2%	Retail/Wholesale
EXPE Expedia Group	$1,923,964	$16,362 ▲	0.9%	11,406	0.2%	Retail/Wholesale
PM Philip Morris International	$1,909,997		0.0%	10,487	0.2%	Consumer Staples
IWB iShares Russell 1000 ETF	$1,894,121		0.0%	5,578	0.2%	ETF
KR Kroger	$1,832,702	$133,346 ▼	-6.8%	25,550	0.2%	Retail/Wholesale
VB Vanguard Small-Cap ETF	$1,800,100	$584,630 ▲	48.1%	7,596	0.2%	ETF
EOG EOG Resources	$1,761,496	$275,940 ▲	18.6%	14,727	0.2%	Energy
TOL Toll Brothers	$1,599,532	$1,599,532 ▲	New Holding	14,015	0.1%	Construction
QCOM QUALCOMM	$1,593,237	$156,871 ▼	-9.0%	10,004	0.1%	Computer and Technology
GLD SPDR Gold Shares	$1,579,019	$219,478 ▼	-12.2%	5,180	0.1%	Finance
IQV IQVIA	$1,491,747	$132,848 ▼	-8.2%	9,466	0.1%	Medical
SLB Schlumberger	$1,484,800	$42,994 ▲	3.0%	43,929	0.1%	Energy
XLY Consumer Discretionary Select Sector SPDR Fund	$1,401,996	$173,864 ▲	14.2%	6,451	0.1%	Finance
ABBV AbbVie	$1,378,785	$3,527 ▲	0.3%	7,428	0.1%	Medical
ADBE Adobe	$1,335,123	$169,840 ▲	14.6%	3,451	0.1%	Computer and Technology
OSK Oshkosh	$1,333,187	$1,333,187 ▲	New Holding	11,742	0.1%	Auto/Tires/Trucks
GOOG Alphabet	$1,315,524	$10,643 ▼	-0.8%	7,416	0.1%	Computer and Technology
XLF Financial Select Sector SPDR Fund	$1,261,855		0.0%	24,095	0.1%	ETF
Palantir Technologies Inc	$1,253,871		0.0%	9,198	0.1%	Com
ACN Accenture	$1,245,475		0.0%	4,167	0.1%	Computer and Technology
IWM iShares Russell 2000 ETF	$1,217,487	$60,637 ▼	-4.7%	5,642	0.1%	Finance
CRM Salesforce	$1,166,022	$1,166,022 ▲	New Holding	4,276	0.1%	Computer and Technology
PG Procter & Gamble	$1,154,273		0.0%	7,245	0.1%	Consumer Staples
CL Colgate-Palmolive	$1,118,252	$1,118,252 ▲	New Holding	12,302	0.1%	Consumer Staples
APO Apollo Global Management	$1,103,323	$1,103,323 ▲	New Holding	7,777	0.1%	Finance
BRK.B Berkshire Hathaway	$1,091,525	$36,433 ▲	3.5%	2,247	0.1%	Finance
AEE Ameren	$1,071,326		0.0%	11,155	0.1%	Utilities
VOX Vanguard Communication Services ETF	$1,060,386		0.0%	6,200	0.1%	ETF
TDG Transdigm Group	$991,457		0.0%	652	0.1%	Aerospace
LNT Alliant Energy	$944,179		0.0%	15,614	0.1%	Utilities
IWO iShares Russell 2000 Growth ETF	$895,314		0.0%	3,132	0.1%	ETF
NULV Nuveen ESG Large-Cap Value ETF	$890,652	$12,575 ▲	1.4%	21,249	0.1%	ETF
MDLZ Mondelez International	$875,371		0.0%	12,980	0.1%	Consumer Staples
Blackrock Inc New	$871,927		0.0%	831	0.1%	Com
WMT Walmart	$841,886		0.0%	8,610	0.1%	Retail/Wholesale
META Meta Platforms	$839,946	$147,618 ▲	21.3%	1,138	0.1%	Computer and Technology
CVX Chevron	$831,504	$2,148 ▼	-0.3%	5,807	0.1%	Energy
VO Vanguard Mid-Cap ETF	$830,815		0.0%	2,969	0.1%	ETF
USMV iShares MSCI USA Min Vol Factor ETF	$816,106		0.0%	8,694	0.1%	ETF
JNJ Johnson & Johnson	$796,439	$22,913 ▼	-2.8%	5,214	0.1%	Medical
TRI Thomson Reuters	$792,854		0.0%	3,942	0.1%	Business Services
ITW Illinois Tool Works	$792,684		0.0%	3,206	0.1%	Industrials
XLC Communication Services Select Sector SPDR Fund	$765,896		0.0%	7,057	0.1%	ETF
ABT Abbott Laboratories	$740,302		0.0%	5,443	0.1%	Medical
ETN Eaton	$736,113		0.0%	2,062	0.1%	Industrials

Showing largest 100 holdings. View all holdings.

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First Business Financial Services Top Holdings and 13F Report (2024)

About First Business Financial Services

Investment Activity

Largest Holdings

Largest New Holdings this Quarter

Largest Purchases this Quarter

Largest Sales this Quarter

Sector Allocation Over Time

Latest 13F Holdings and Changes Since Previous Quarterly Filing

More Institutional Buying and Selling Information

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

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First Business Financial Services Top Holdings and 13F Report (2024)

About First Business Financial Services

Investment Activity

Largest Holdings

Largest New Holdings this Quarter

Largest Purchases this Quarter

Largest Sales this Quarter

Sector Allocation Over Time

Map of 500 Largest Holdings ofFirst Business Financial Services

Latest 13F Holdings and Changes Since Previous Quarterly Filing

More Institutional Buying and Selling Information

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools