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. (NASDAQ:FBIZ) is a bank holding company headquartered in Madison, Wisconsin, offering a suite of commercial banking and financial services. Through its wholly owned subsidiary, First Business Bank, the company provides relationship-driven lending, deposit and treasury management solutions to small and mid-sized businesses, nonprofit organizations and high-net-worth individuals. Its core products include commercial real estate financing, equipment leasing, SBA-guaranteed lending, and cash management services. 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 $1.29 billion in total holdings as of March 31, 2024.
First Business Financial Services owns shares of 201 different stocks, but just 20 companies or ETFs make up 80% of its holdings.
Approximately 7.19% of the portfolio was purchased this quarter.
About 0.41% of the portfolio was sold this quarter.
This quarter, First Business Financial Services has purchased 192 new stocks and bought additional shares in 113 stocks.
First Business Financial Services sold shares of 25 stocks and completely divested from 6 stocks this quarter.

Largest Holdings

Vanguard Total Stock Market ETF: $294,127,404
iShares Core MSCI EAFE ETF: $151,396,683
iShares Russell 1000 Growth ETF: $90,878,036
iShares Core S&P Small-Cap ETF: $74,451,917
iShares Russell 1000 Value ETF: $64,446,379

Largest New Holdings this Quarter

443201108 - Howmet Aerospace: $2,053,553 Holding
595112103 - Micron Technology: $477,876 Holding
458140100 - Intel: $342,094 Holding
884903881 - Thomson Reuters Corp NPV: $321,943 Holding
G7997R103 - Seagate Technology: $309,765 Holding

Largest Purchases this Quarter

iShares Russell 1000 Growth ETF: 548,576 shares (about $68.12M)
Howmet Aerospace: 7,638 shares (about $2.05M)
iShares Core S&P 500 ETF: 2,165 shares (about $1.62M)
iShares Core U.S. Aggregate Bond ETF: 12,940 shares (about $1.28M)
Return Stacked Global Stocks &: 39,900 shares (about $1.23M)

Largest Sales this Quarter

First Business Financial Services: 21,122 shares (about $1.33M)
Vanguard Total Stock Market ETF: 2,334 shares (about $863.67K)
Ciena: 1,242 shares (about $609.28K)
Essential Utilities: 8,146 shares (about $312.07K)
McDonald's: 733 shares (about $198.14K)

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	$294,127,404	$863,673 â–¼	-0.3%	794,853	22.8%	ETF
IEFA iShares Core MSCI EAFE ETF	$151,396,683	$1,113,761 â–²	0.7%	1,567,578	11.7%	ETF
IWF iShares Russell 1000 Growth ETF	$90,878,036	$68,116,682 â–²	299.3%	731,884	7.0%	ETF
IJR iShares Core S&P Small-Cap ETF	$74,451,917	$157,357 â–²	0.2%	502,002	5.8%	ETF
IWD iShares Russell 1000 Value ETF	$64,446,379	$89,942 â–¼	-0.1%	265,835	5.0%	ETF
DGRO iShares Core Dividend Growth ETF	$63,592,433	$296,036 â–²	0.5%	839,061	4.9%	ETF
IJH iShares Core S&P Mid-Cap ETF	$54,878,570	$320,623 â–²	0.6%	711,692	4.3%	ETF
AGG iShares Core U.S. Aggregate Bond ETF	$38,467,191	$1,280,801 â–²	3.4%	388,636	3.0%	ETF
SPY SPDR S&P 500 ETF Trust	$32,621,901	$52,274 â–¼	-0.2%	43,684	2.5%	ETF
FBIZ First Business Financial Services	$21,489,739	$1,334,277 â–¼	-5.8%	340,189	1.7%	Finance
NVDA NVIDIA	$20,518,429	$519,434 â–²	2.6%	102,546	1.6%	Technology
JPST JPMorgan Ultra-Short Income ETF	$18,397,518	$713,037 â–²	4.0%	363,803	1.4%	ETF
AAPL Apple	$17,348,289	$140,340 â–²	0.8%	59,954	1.3%	Technology
AVGO Broadcom	$15,581,432	$150,722 â–¼	-1.0%	41,248	1.2%	Technology
GOOGL Alphabet	$15,577,401	$510,324 â–²	3.4%	43,589	1.2%	Communication Services
CIEN Ciena	$14,132,052	$609,275 â–¼	-4.1%	28,808	1.1%	Technology
Lam Research Corporation	$14,089,725	$725,394 â–²	5.4%	32,515	1.1%	Com
JPM JPMorgan Chase & Co.	$11,823,487	$255,645 â–²	2.2%	36,121	0.9%	Finance
Arista Networks Inc	$11,679,250	$437,781 â–²	3.9%	68,750	0.9%	Com
PWR Quanta Services	$11,228,304	$48,243 â–²	0.4%	15,594	0.9%	Industrials
LLY Eli Lilly and Company	$7,966,614	$271,071 â–²	3.5%	6,642	0.6%	Healthcare
VTIP Vanguard Short-Term Inflation-Protected Securities ETF	$7,543,089	$871,440 â–²	13.1%	150,171	0.6%	ETF
MTUM iShares MSCI USA Momentum Factor ETF	$6,971,448		0.0%	20,335	0.5%	ETF
MSFT Microsoft	$6,954,585	$222,693 â–²	3.3%	18,644	0.5%	Technology
XLK Technology Select Sector SPDR Fund	$6,953,599		0.0%	36,498	0.5%	ETF
IVV iShares Core S&P 500 ETF	$6,469,661	$1,621,347 â–²	33.4%	8,639	0.5%	ETF
MUB iShares National Muni Bond ETF	$5,890,688	$188,981 â–²	3.3%	54,736	0.5%	ETF
C Citigroup	$5,801,762	$196,224 â–²	3.5%	41,453	0.4%	Finance
ADI Analog Devices	$5,510,337	$198,585 â–²	3.7%	13,874	0.4%	Technology
BAC Bank of America	$4,560,109	$135,612 â–²	3.1%	80,030	0.4%	Finance
NUE Nucor	$4,556,797	$180,873 â–²	4.1%	20,457	0.4%	Materials
COR Cencora	$4,533,906	$192,709 â–²	4.4%	16,022	0.4%	Healthcare
BRK.A Berkshire Hathaway	$4,493,100		0.0%	6	0.3%	Finance
COST Costco Wholesale	$4,418,225	$69,225 â–²	1.6%	4,723	0.3%	Consumer Staples
XOM ExxonMobil	$4,212,480	$213,967 â–²	5.4%	30,811	0.3%	Energy
TXN Texas Instruments	$4,163,740	$111,180 â–²	2.7%	13,969	0.3%	Technology
GD General Dynamics	$3,649,026	$155,511 â–²	4.5%	10,301	0.3%	Industrials
CSCO Cisco Systems	$3,645,723	$1,410 â–¼	0.0%	31,038	0.3%	Technology
Return Stacked Global Stocks &	$3,633,002	$1,227,324 â–²	51.0%	118,108	0.3%	Com
EQIX Equinix	$3,562,889	$126,129 â–²	3.7%	3,418	0.3%	Real Estate
EXPE Expedia Group	$3,242,000	$119,752 â–²	3.8%	12,670	0.3%	Consumer Discretionary
KO CocaCola	$3,232,270	$81,758 â–²	2.6%	39,772	0.3%	Consumer Staples
SYK Stryker	$3,156,271	$113,342 â–²	3.7%	10,025	0.2%	Healthcare
RSG Republic Services	$3,080,924	$49,221 â–²	1.6%	14,459	0.2%	Industrials
PRU Prudential Financial	$3,080,322	$53,317 â–²	1.8%	28,540	0.2%	Finance
AMZN Amazon.com	$3,071,488	$124,175 â–²	4.2%	12,887	0.2%	Consumer Discretionary
TJX TJX Companies	$3,054,089	$104,232 â–²	3.5%	20,159	0.2%	Consumer Discretionary
NEE NextEra Energy	$3,041,933	$117,085 â–²	4.0%	34,658	0.2%	Utilities
TOL Toll Brothers	$2,979,669	$181,719 â–²	6.5%	18,086	0.2%	Consumer Discretionary
TMUS T-Mobile US	$2,930,746	$95,438 â–²	3.4%	17,473	0.2%	Communication Services
EA Electronic Arts	$2,896,600	$12,918 â–¼	-0.4%	14,127	0.2%	Communication Services
XLE Energy Select Sector SPDR Fund	$2,880,899		0.0%	54,244	0.2%	ETF
XLI Industrial Select Sector SPDR Fund	$2,595,628		0.0%	14,013	0.2%	ETF
META Meta Platforms	$2,564,659	$130,683 â–²	5.4%	4,553	0.2%	Communication Services
GOOG Alphabet	$2,480,023	$47,700 â–²	2.0%	7,019	0.2%	Communication Services
DRI Darden Restaurants	$2,285,887	$84,876 â–²	3.9%	11,096	0.2%	Consumer Discretionary
OSK Oshkosh	$2,268,127	$108,817 â–²	5.0%	14,778	0.2%	Industrials
ICE Intercontinental Exchange	$2,192,220	$65,248 â–²	3.1%	17,807	0.2%	Finance
GLW Corning	$2,180,861	$108,302 â–¼	-4.7%	8,538	0.2%	Technology
LOW Lowe's Companies	$2,144,486	$81,802 â–²	4.0%	9,726	0.2%	Consumer Discretionary
AMD Advanced Micro Devices	$2,091,276	$54,606 â–²	2.7%	3,600	0.2%	Technology
HWM Howmet Aerospace	$2,053,553	$2,053,553 â–²	New Holding	7,638	0.2%	Industrials
QCOM Qualcomm	$1,948,795	$77,242 â–²	4.1%	10,546	0.2%	Technology
PM Philip Morris International	$1,908,239	$16,282 â–²	0.9%	10,548	0.1%	Consumer Staples
AEP American Electric Power	$1,894,134	$111,911 â–²	6.3%	13,845	0.1%	Utilities
SLB SLB	$1,876,708	$73,873 â–²	4.1%	40,368	0.1%	Energy
IQV IQVIA	$1,804,675	$72,651 â–²	4.2%	9,340	0.1%	Healthcare
ABBV AbbVie	$1,773,307	$29,945 â–¼	-1.7%	7,047	0.1%	Healthcare
IWB iShares Russell 1000 ETF	$1,737,918		0.0%	4,244	0.1%	ETF
NFLX Netflix	$1,575,441	$67,045 â–²	4.4%	22,065	0.1%	Communication Services
GLD SPDR Gold Shares	$1,564,510		0.0%	4,247	0.1%	ETF
VB Vanguard Small-Cap ETF	$1,536,818		0.0%	5,070	0.1%	ETF
KR Kroger	$1,531,351	$68,191 â–²	4.7%	27,577	0.1%	Consumer Staples
XLY Consumer Discretionary Select Sector SPDR Fund	$1,513,147		0.0%	12,902	0.1%	ETF
CL Colgate-Palmolive	$1,493,834	$108,457 â–²	7.8%	16,294	0.1%	Consumer Staples
IWM iShares Russell 2000 ETF	$1,487,228		0.0%	4,950	0.1%	ETF
ASML ASML	$1,460,249	$3,979 â–²	0.3%	734	0.1%	Technology
BRK.B Berkshire Hathaway	$1,420,107	$319,749 â–²	29.1%	2,838	0.1%	Finance
ATI ATI	$1,410,842	$64,255 â–¼	-4.4%	7,158	0.1%	Industrials
APO Apollo Global Management	$1,373,224	$83,409 â–²	6.5%	11,607	0.1%	Finance
XLF Financial Select Sector SPDR Fund	$1,291,733		0.0%	24,095	0.1%	ETF
IWO iShares Russell 2000 Growth ETF	$1,233,883		0.0%	3,132	0.1%	ETF
JNJ Johnson & Johnson	$1,212,961	$32,762 â–²	2.8%	4,776	0.1%	Healthcare
MRK Merck & Co., Inc.	$1,164,467	$33,153 â–²	2.9%	9,062	0.1%	Healthcare
VOX Vanguard Communication Services ETF	$1,140,490		0.0%	6,200	0.1%	ETF
Wal-Mart Inc	$1,087,409	$89,136 â–²	8.9%	9,601	0.1%	Com
ETN Eaton	$1,042,290	$116,331 â–²	12.6%	2,446	0.1%	Industrials
VO Vanguard Mid-Cap ETF	$1,032,907	$774,680 â–²	300.0%	12,820	0.1%	ETF
Palantir Technologies Inc	$1,021,796	$6,650 â–¼	-0.6%	8,758	0.1%	Com
IWN iShares Russell 2000 Value ETF	$1,018,405		0.0%	4,604	0.1%	ETF
NULV Nuveen ESG Large-Cap Value ETF	$950,110	$3,749 â–²	0.4%	19,006	0.1%	ETF
CTA Simplify Managed Futures Strategy ETF	$929,975	$302,772 â–²	48.3%	35,851	0.1%	ETF
MRVL Marvell Technology	$893,968	$33,364 â–¼	-3.6%	3,001	0.1%	Technology
CRM Salesforce	$876,356	$44,648 â–²	5.4%	5,594	0.1%	Technology
TDG Transdigm Group	$871,154	$2,664 â–²	0.3%	654	0.1%	Industrials
AMAT Applied Materials	$865,431	$78,084 â–²	9.9%	1,197	0.1%	Technology
USMV iShares MSCI USA Min Vol Factor ETF	$838,623		0.0%	8,694	0.1%	ETF
Blackrock Inc New	$804,826	$1,923 â–²	0.2%	837	0.1%	Com
PG Procter & Gamble	$802,561	$16,570 â–²	2.1%	5,473	0.1%	Consumer Staples
XLC Communication Services Select Sector SPDR Fund	$783,870		0.0%	7,317	0.1%	ETF

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

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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