FIRST BUSINESS FINANCIAL SERVICES, INC.

CIK: 0001521951SEC EDGAR →

Portfolio Value

$1.1B

Holdings

168

As of

Q4 2025

New Positions

168

Closed Positions

0

Portfolio Value History

Top 10 Holdings

RankStockSharesValue% of Portfolio
1

Vanguard Total Stock Market ET

788,902$264.5M
24.29%
2

iShares Core MSCI EAFE ETF

1,513,690$135.4M
12.43%
3

iShares Russell 1000 Growth ET

182,074$86.2M
7.91%
4

iShares Core S&P Small-Cap ETF

492,711$59.2M
5.44%
5

iShares Core Dividend Growth

822,044$57.1M
5.24%
6

iShares Russell 1000 Value ETF

262,423$55.2M
5.07%
7

iShares Core S&P Mid-Cap ETF

696,772$46.0M
4.22%
8

iShares Core US Aggregate Bond

381,535$38.1M
3.50%
9

SPDR S&P 500 ETF

43,791$29.9M
2.74%
10

First Business Financial Servi

361,311$19.6M
1.80%

Quarterly Changes

Top Buys

VTINEW
$264.5M
AQLTNEW
$135.4M
IWFNEW
$86.2M
IJRNEW
$59.2M
DGRONEW
$57.1M

Top Sells

No sells this quarter

New Positions (168)

$264.5M · 789K shares
$135.4M · 1.5M shares
$86.2M · 182K shares
$59.2M · 493K shares
$57.1M · 822K shares
$55.2M · 262K shares
$46.0M · 697K shares
$38.1M · 382K shares
$29.9M · 44K shares
$19.6M · 361K shares
$17.6M · 95K shares
$15.5M · 57K shares
$13.1M · 38K shares
$12.2M · 39K shares
$11.0M · 218K shares
$10.3M · 32K shares
$8.5M · 18K shares
$7.7M · 59K shares
$6.3M · 27K shares
$6.1M · 6K shares
$6.0M · 14K shares
$5.3M · 36K shares
$5.1M · 20K shares
$4.8M · 45K shares
$4.6M · 14K shares
$4.6M · 27K shares
$4.5M · 6 shares
$4.2M · 36K shares
$4.0M · 6K shares
$3.9M · 71K shares
$3.6M · 4K shares
$3.2M · 12K shares
$3.2M · 27K shares
$3.1M · 11K shares
$3.1M · 9K shares
$3.0M · 9K shares
$2.9M · 18K shares
$2.9M · 14K shares
$2.9M · 14K shares
$2.8M · 25K shares
$2.8M · 18K shares
$2.7M · 38K shares
$2.6M · 12K shares
$2.5M · 4K shares
$2.5M · 11K shares
$2.4M · 30K shares
$2.4M · 54K shares
$2.4M · 15K shares
$2.3M · 30K shares
$2.3M · 3K shares
$2.2M · 14K shares
$2.2M · 7K shares
$2.1M · 12K shares
$2.1M · 5K shares
$2.0M · 15K shares
$2.0M · 8K shares
$1.9M · 20K shares
$1.8M · 8K shares
$1.8M · 10K shares
$1.7M · 10K shares
$1.6M · 4K shares
$1.6M · 9K shares
$1.6M · 7K shares
$1.5M · 13K shares
$1.5M · 12K shares
$1.4M · 8K shares
$1.4M · 23K shares
$1.4M · 36K shares
$1.3M · 24K shares
$1.3M · 11K shares
$1.3M · 5K shares
$1.3M · 9K shares
$1.2M · 5K shares
$1.2M · 6K shares
$1.1M · 4K shares
$1.0M · 4K shares
$1.0M · 2K shares
$1.0M · 3K shares
$977K · 12K shares
$959K · 5K shares
$926K · 9K shares
$925K · 8K shares
$911K · 6K shares
$893K · 835 shares
$867K · 652 shares
$864K · 19K shares
$861K · 7K shares
$861K · 3K shares
$858K · 7K shares
$834K · 5K shares
$818K · 9K shares
$787K · 12K shares
$783K · 732 shares
$732K · 2K shares
$732K · 8K shares
$702K · 1K shares
$681K · 5K shares
$673K · 3K shares
$668K · 2K shares
$652K · 12K shares
$641K · 3K shares
$638K · 2K shares
$593K · 2K shares
$564K · 17K shares
$546K · 4K shares
$544K · 1K shares
$540K · 2K shares
$535K · 887 shares
$522K · 2K shares
$519K · 4K shares
$513K · 3K shares
$504K · 883 shares
$497K · 1K shares
$492K · 5K shares
$490K · 6K shares
$488K · 1K shares
$477K · 7K shares
$433K · 14K shares
$430K · 1K shares
$429K · 523 shares
$420K · 824 shares
$416K · 3K shares
$413K · 470 shares
$410K · 7K shares
$401K · 6K shares
$396K · 6K shares
$391K · 519 shares
$386K · 4K shares
$385K · 2K shares
$384K · 672 shares
$377K · 2K shares
$368K · 2K shares
$366K · 1K shares
$364K · 2K shares
$360K · 3K shares
$358K · 4K shares
$353K · 5K shares
$349K · 2K shares
$337K · 8K shares
$330K · 3K shares
$328K · 1K shares
$326K · 371 shares
$319K · 2K shares
$309K · 4K shares
$304K · 2K shares
$302K · 1K shares
$290K · 879 shares
$287K · 5K shares
$287K · 3K shares
$281K · 1K shares
$277K · 1K shares
$273K · 4K shares
$268K · 1K shares
$264K · 3K shares
$263K · 4K shares
$259K · 2K shares
$259K · 1K shares
$258K · 5K shares
$252K · 648 shares
$238K · 411 shares
$238K · 2K shares
$237K · 6K shares
$230K · 2K shares
$227K · 3K shares
$224K · 2K shares
$211K · 4K shares
$209K · 2K shares
$48K · 10K shares

Sector Breakdown

Sector# HoldingsValue%
Financial Services59$735.0M67.5%
Unknown13$152.6M14.0%
Technology26$92.1M8.5%
Communication Services7$24.8M2.3%
Consumer Cyclical12$20.8M1.9%
Industrials16$18.3M1.7%
Healthcare14$17.5M1.6%
Consumer Defensive9$12.1M1.1%
Utilities7$5.6M0.5%
Energy3$5.0M0.5%
Basic Materials1$2.9M0.3%
Real Estate1$2.3M0.2%