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 $1.12 billion in total holdings as of March 31, 2024.
First Business Financial Services owns shares of 192 different stocks, but just 20 companies or ETFs make up 80% of its holdings.
Approximately 4.86% of the portfolio was purchased this quarter.
About 0.21% of the portfolio was sold this quarter.
This quarter, First Business Financial Services has purchased 168 new stocks and bought additional shares in 86 stocks.
First Business Financial Services sold shares of 13 stocks and completely divested from 3 stocks this quarter.

Largest Holdings

Vanguard Total Stock Market ETF: $255,745,561
iShares Core MSCI EAFE ETF: $140,868,844
iShares Russell 1000 Growth ETF: $78,162,531
iShares Core S&P Small-Cap ETF: $62,271,976
iShares Core Dividend Growth ETF: $58,611,178

Largest New Holdings this Quarter

922020805 - Vanguard Short-Term Inflation-Protected Securities ETF: $6,634,459 Holding
88636J204 - Return Stacked Global Stocks &: $2,128,040 Holding
82889N699 - Simplify Managed Futures Strategy ETF: $730,689 Holding
29670G102 - Essential Utilities: $569,659 Holding
09260D107 - Blackstone: $335,426 Holding

Largest Purchases this Quarter

JPMorgan Ultra-Short Income ETF: 132,005 shares (about $6.68M)
Vanguard Short-Term Inflation-Protected Securities ETF: 132,822 shares (about $6.63M)
iShares Core MSCI EAFE ETF: 42,356 shares (about $3.83M)
Vanguard Total Stock Market ETF: 8,285 shares (about $2.66M)
Return Stacked Global Stocks &: 78,208 shares (about $2.13M)

Largest Sales this Quarter

iShares Core U.S. Aggregate Bond ETF: 5,839 shares (about $579.64K)
SPDR Gold Shares: 1,000 shares (about $430.29K)
McDonald's: 596 shares (about $185.23K)
Procter & Gamble: 1,000 shares (about $144.44K)
iShares Silver Trust: 1,900 shares (about $129.47K)

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	$255,745,561	$2,657,911 â–²	1.1%	797,187	22.7%	ETF
IEFA iShares Core MSCI EAFE ETF	$140,868,844	$3,834,489 â–²	2.8%	1,556,046	12.5%	ETF
IWF iShares Russell 1000 Growth ETF	$78,162,531	$526,178 â–²	0.7%	183,308	6.9%	ETF
IJR iShares Core S&P Small-Cap ETF	$62,271,976	$1,023,071 â–²	1.7%	500,941	5.5%	ETF
DGRO iShares Core Dividend Growth ETF	$58,611,178	$920,130 â–²	1.6%	835,155	5.2%	ETF
IWD iShares Russell 1000 Value ETF	$56,880,236	$808,314 â–²	1.4%	266,206	5.1%	ETF
IJH iShares Core S&P Mid-Cap ETF	$47,779,771	$726,758 â–²	1.5%	707,534	4.2%	ETF
AGG iShares Core U.S. Aggregate Bond ETF	$37,295,342	$579,638 â–¼	-1.5%	375,696	3.3%	Finance
SPY SPDR S&P 500 ETF Trust	$28,454,976	$24,063 â–¼	-0.1%	43,754	2.5%	Finance
FBIZ First Business Financial Services	$19,485,502		0.0%	361,311	1.7%	Finance
JPST JPMorgan Ultra-Short Income ETF	$17,698,469	$6,680,773 â–²	60.6%	349,703	1.6%	ETF
NVDA NVIDIA	$17,431,280	$950,306 â–²	5.8%	99,950	1.5%	Computer and Technology
AAPL Apple	$15,092,638	$644,880 â–²	4.5%	59,469	1.3%	Computer and Technology
AVGO Broadcom	$12,890,163	$1,183,566 â–²	10.1%	41,647	1.1%	Computer and Technology
GOOGL Alphabet	$12,123,817	$915,303 â–²	8.2%	42,161	1.1%	Computer and Technology
CIEN Ciena	$11,666,312	$1,285,041 â–²	12.4%	30,050	1.0%	Computer and Technology
JPM JPMorgan Chase & Co.	$10,395,614	$951,019 â–²	10.1%	35,340	0.9%	Finance
PWR Quanta Services	$8,524,634	$777,412 â–²	10.0%	15,527	0.8%	Construction
Arista Networks Inc	$8,124,721	$875,667 â–²	12.1%	66,173	0.7%	Com
MSFT Microsoft	$6,680,458	$136,593 â–²	2.1%	18,047	0.6%	Computer and Technology
VTIP Vanguard Short-Term Inflation-Protected Securities ETF	$6,634,459	$6,634,459 â–²	New Holding	132,822	0.6%	Manufacturing
Lam Research Corporation	$6,589,488	$850,794 â–²	14.8%	30,841	0.6%	Com
LLY Eli Lilly and Company	$5,901,244	$641,080 â–²	12.2%	6,416	0.5%	Medical
MUB iShares National Muni Bond ETF	$5,623,827	$833,278 â–²	17.4%	52,980	0.5%	ETF
XOM ExxonMobil	$4,961,876	$398,362 â–²	8.7%	29,246	0.4%	Energy
MTUM iShares MSCI USA Momentum Factor ETF	$4,880,197		0.0%	20,335	0.4%	ETF
XLK Technology Select Sector SPDR Fund	$4,850,584		0.0%	36,498	0.4%	ETF
COR Cencora	$4,819,222	$502,310 â–²	11.6%	15,341	0.4%	Medical
COST Costco Wholesale	$4,632,403	$439,426 â–²	10.5%	4,649	0.4%	Retail/Wholesale
C Citigroup	$4,542,184	$467,703 â–²	11.5%	40,051	0.4%	Financial Services
BRK.A Berkshire Hathaway	$4,308,840		0.0%	6	0.4%	Finance
ADI Analog Devices	$4,254,804	$450,168 â–²	11.8%	13,374	0.4%	Computer and Technology
IVV iShares Core S&P 500 ETF	$4,228,882	$392,579 â–²	10.2%	6,474	0.4%	ETF
BAC Bank of America	$3,785,438	$310,001 â–²	8.9%	77,650	0.3%	Finance
TMUS T-Mobile US	$3,550,347	$588,714 â–²	19.9%	16,904	0.3%	Computer and Technology
GD General Dynamics	$3,384,836	$356,949 â–²	11.8%	9,862	0.3%	Aerospace
XLE Energy Select Sector SPDR Fund	$3,322,987		0.0%	54,244	0.3%	ETF
NUE Nucor	$3,321,970	$310,637 â–²	10.3%	19,645	0.3%	Basic Materials
EQIX Equinix	$3,231,851	$343,084 â–²	11.9%	3,297	0.3%	Finance
SYK Stryker	$3,175,822	$320,704 â–²	11.2%	9,665	0.3%	Medical
RSG Republic Services	$3,116,217	$379,562 â–²	13.9%	14,228	0.3%	Business Services
TJX TJX Companies	$3,109,519	$244,501 â–²	8.5%	19,471	0.3%	Retail/Wholesale
NEE NextEra Energy	$3,095,133	$274,275 â–²	9.7%	33,324	0.3%	Utilities
KO CocaCola	$2,948,154	$53,007 â–²	1.8%	38,766	0.3%	Consumer Staples
EA Electronic Arts	$2,892,915		0.0%	14,190	0.3%	Consumer Discretionary
EXPE Expedia Group	$2,817,320	$288,382 â–²	11.4%	12,202	0.3%	Retail/Wholesale
PRU Prudential Financial	$2,739,814	$283,789 â–²	11.6%	28,046	0.2%	Finance
ICE Intercontinental Exchange	$2,717,327	$398,233 â–²	17.2%	17,277	0.2%	Finance
TXN Texas Instruments	$2,639,527	$244,810 â–²	10.2%	13,596	0.2%	Computer and Technology
AMZN Amazon.com	$2,575,467	$320,111 â–²	14.2%	12,366	0.2%	Retail/Wholesale
META Meta Platforms	$2,472,174	$273,478 â–²	12.4%	4,321	0.2%	Computer and Technology
CSCO Cisco Systems	$2,409,170	$56,563 â–²	2.4%	31,050	0.2%	Computer and Technology
TOL Toll Brothers	$2,317,670	$255,745 â–²	12.4%	16,983	0.2%	Construction
XLI Industrial Select Sector SPDR Fund	$2,266,322		0.0%	14,013	0.2%	ETF
LOW Lowe's Companies	$2,210,399	$235,099 â–²	11.9%	9,355	0.2%	Retail/Wholesale
Return Stacked Global Stocks &	$2,128,040	$2,128,040 â–²	New Holding	78,208	0.2%	Com
DRI Darden Restaurants	$2,094,491	$225,054 â–²	12.0%	10,684	0.2%	Retail/Wholesale
OSK Oshkosh	$2,071,097	$288,384 â–²	16.2%	14,069	0.2%	Auto/Tires/Trucks
NFLX Netflix	$2,031,265	$118,938 â–²	6.2%	21,126	0.2%	Consumer Discretionary
SLB SLB	$1,992,853	$162,701 â–²	8.9%	38,779	0.2%	Energy
GOOG Alphabet	$1,974,744	$3,442 â–¼	-0.2%	6,884	0.2%	Computer and Technology
KR Kroger	$1,906,614	$278,007 â–²	17.1%	26,349	0.2%	Retail/Wholesale
GLD SPDR Gold Shares	$1,827,442	$430,290 â–¼	-19.1%	4,247	0.2%	Finance
PM Philip Morris International	$1,729,126		0.0%	10,458	0.2%	Consumer Staples
AEP American Electric Power	$1,707,579	$223,491 â–²	15.1%	13,027	0.2%	Utilities
ABBV AbbVie	$1,558,533	$70,902 â–²	4.8%	7,166	0.1%	Medical
IQV IQVIA	$1,528,721	$177,191 â–²	13.1%	8,964	0.1%	Medical
IWB iShares Russell 1000 ETF	$1,513,241		0.0%	4,244	0.1%	ETF
XLY Consumer Discretionary Select Sector SPDR Fund	$1,406,060		0.0%	12,902	0.1%	Finance
VB Vanguard Small-Cap ETF	$1,327,934	$8,120 â–²	0.6%	5,070	0.1%	ETF
QCOM Qualcomm	$1,304,284	$123,500 â–²	10.5%	10,128	0.1%	Computer and Technology
Palantir Technologies Inc	$1,289,458	$102,250 â–²	8.6%	8,815	0.1%	Com
CL Colgate-Palmolive	$1,287,911	$233,616 â–²	22.2%	15,111	0.1%	Consumer Staples
IWM iShares Russell 2000 ETF	$1,227,600		0.0%	4,950	0.1%	Finance
GLW Corning	$1,218,563	$80,630 â–²	7.1%	8,962	0.1%	Computer and Technology
APO Apollo Global Management	$1,214,701	$252,478 â–²	26.2%	10,902	0.1%	Finance
XLF Financial Select Sector SPDR Fund	$1,189,570		0.0%	24,095	0.1%	ETF
JNJ Johnson & Johnson	$1,135,913	$2,933 â–²	0.3%	4,647	0.1%	Medical
VOX Vanguard Communication Services ETF	$1,115,008		0.0%	6,200	0.1%	ETF
Wal-Mart Inc	$1,095,404	$62,761 â–²	6.1%	8,814	0.1%	Com
ATI ATI	$1,088,623		0.0%	7,484	0.1%	Basic Materials
MRK Merck & Co., Inc.	$1,059,033		0.0%	8,804	0.1%	Medical
BRK.B Berkshire Hathaway	$1,053,761	$72,838 â–²	7.4%	2,199	0.1%	Finance
CRM Salesforce	$991,031	$189,283 â–²	23.6%	5,309	0.1%	Computer and Technology
IWO iShares Russell 2000 Growth ETF	$982,853		0.0%	3,132	0.1%	ETF
ASML ASML	$966,848		0.0%	732	0.1%	Computer and Technology
VO Vanguard Mid-Cap ETF	$920,412	$67,774 â–²	7.9%	3,205	0.1%	ETF
IWN iShares Russell 2000 Value ETF	$872,872		0.0%	4,604	0.1%	ETF
NULV Nuveen ESG Large-Cap Value ETF	$861,361	$11,557 â–¼	-1.3%	18,931	0.1%	ETF
XLC Communication Services Select Sector SPDR Fund	$811,163		0.0%	7,317	0.1%	ETF
USMV iShares MSCI USA Min Vol Factor ETF	$806,282		0.0%	8,694	0.1%	ETF
Blackrock Inc New	$803,028		0.0%	835	0.1%	Com
ETN Eaton	$777,217	$59,731 â–²	8.3%	2,173	0.1%	Industrials
PG Procter & Gamble	$774,198	$144,440 â–¼	-15.7%	5,360	0.1%	Consumer Staples
ACN Accenture	$771,150	$991 â–²	0.1%	3,889	0.1%	Computer and Technology
TDG Transdigm Group	$755,642		0.0%	652	0.1%	Aerospace
CTA Simplify Managed Futures Strategy ETF	$730,689	$730,689 â–²	New Holding	24,179	0.1%	ETF
AMD Advanced Micro Devices	$713,226	$73,235 â–²	11.4%	3,506	0.1%	Computer and Technology
SLV iShares Silver Trust	$703,886	$129,466 â–¼	-15.5%	10,330	0.1%	ETF
MDLZ Mondelez International	$698,482		0.0%	12,118	0.1%	Consumer Staples

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

About MarketBeat

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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