FIRST BUSINESS FINANCIAL SERVICES, INC.

CIK: 0001521951SEC EDGAR →

Portfolio Value

$1.1T

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$264.5B
24.29%
2

iShares Core MSCI EAFE ETF

1,513,690$135.4B
12.43%
3

iShares Russell 1000 Growth ET

182,074$86.2B
7.91%
4

iShares Core S&P Small-Cap ETF

492,711$59.2B
5.44%
5

iShares Core Dividend Growth

822,044$57.1B
5.24%
6

iShares Russell 1000 Value ETF

262,423$55.2B
5.07%
7

iShares Core S&P Mid-Cap ETF

696,772$46.0B
4.22%
8

iShares Core US Aggregate Bond

381,535$38.1B
3.50%
9

SPDR S&P 500 ETF

43,791$29.9B
2.74%
10

First Business Financial Servi

361,311$19.6B
1.80%

Quarterly Changes

Top Buys

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

Top Sells

No sells this quarter

New Positions (168)

$264.5B · 789K shares
$135.4B · 1.5M shares
$86.2B · 182K shares
$59.2B · 493K shares
$57.1B · 822K shares
$55.2B · 262K shares
$46.0B · 697K shares
$38.1B · 382K shares
$29.9B · 44K shares
$19.6B · 361K shares
$17.6B · 95K shares
$15.5B · 57K shares
$13.1B · 38K shares
$12.2B · 39K shares
$11.0B · 218K shares
$10.3B · 32K shares
$8.5B · 18K shares
$7.7B · 59K shares
$6.3B · 27K shares
$6.1B · 6K shares
$6.0B · 14K shares
$5.3B · 36K shares
$5.1B · 20K shares
$4.8B · 45K shares
$4.6B · 14K shares
$4.6B · 27K shares
$4.5B · 6 shares
$4.2B · 36K shares
$4.0B · 6K shares
$3.9B · 71K shares
$3.6B · 4K shares
$3.2B · 12K shares
$3.2B · 27K shares
$3.1B · 11K shares
$3.1B · 9K shares
$3.0B · 9K shares
$2.9B · 18K shares
$2.9B · 14K shares
$2.9B · 14K shares
$2.8B · 25K shares
$2.8B · 18K shares
$2.7B · 38K shares
$2.6B · 12K shares
$2.5B · 4K shares
$2.5B · 11K shares
$2.4B · 30K shares
$2.4B · 54K shares
$2.4B · 15K shares
$2.3B · 30K shares
$2.3B · 3K shares
$2.2B · 14K shares
$2.2B · 7K shares
$2.1B · 12K shares
$2.1B · 5K shares
$2.0B · 15K shares
$2.0B · 8K shares
$1.9B · 20K shares
$1.8B · 8K shares
$1.8B · 10K shares
$1.7B · 10K shares
$1.6B · 4K shares
$1.6B · 9K shares
$1.6B · 7K shares
$1.5B · 13K shares
$1.5B · 12K shares
$1.4B · 8K shares
$1.4B · 23K shares
$1.4B · 36K shares
$1.3B · 24K shares
$1.3B · 11K shares
$1.3B · 5K shares
$1.3B · 9K shares
$1.2B · 5K shares
$1.2B · 6K shares
$1.1B · 4K shares
$1.0B · 4K shares
$1.0B · 2K shares
$1.0B · 3K shares
$977.0M · 12K shares
$959.0M · 5K shares
$926.0M · 9K shares
$925.0M · 8K shares
$911.0M · 6K shares
$893.0M · 835 shares
$867.0M · 652 shares
$864.0M · 19K shares
$861.0M · 7K shares
$861.0M · 3K shares
$858.0M · 7K shares
$834.0M · 5K shares
$818.0M · 9K shares
$787.0M · 12K shares
$783.0M · 732 shares
$732.0M · 2K shares
$732.0M · 8K shares
$702.0M · 1K shares
$681.0M · 5K shares
$673.0M · 3K shares
$668.0M · 2K shares
$652.0M · 12K shares
$641.0M · 3K shares
$638.0M · 2K shares
$593.0M · 2K shares
$564.0M · 17K shares
$546.0M · 4K shares
$544.0M · 1K shares
$540.0M · 2K shares
$535.0M · 887 shares
$522.0M · 2K shares
$519.0M · 4K shares
$513.0M · 3K shares
$504.0M · 883 shares
$497.0M · 1K shares
$492.0M · 5K shares
$490.0M · 6K shares
$488.0M · 1K shares
$477.0M · 7K shares
$433.0M · 14K shares
$430.0M · 1K shares
$429.0M · 523 shares
$420.0M · 824 shares
$416.0M · 3K shares
$413.0M · 470 shares
$410.0M · 7K shares
$401.0M · 6K shares
$396.0M · 6K shares
$391.0M · 519 shares
$386.0M · 4K shares
$385.0M · 2K shares
$384.0M · 672 shares
$377.0M · 2K shares
$368.0M · 2K shares
$366.0M · 1K shares
$364.0M · 2K shares
$360.0M · 3K shares
$358.0M · 4K shares
$353.0M · 5K shares
$349.0M · 2K shares
$337.0M · 8K shares
$330.0M · 3K shares
$328.0M · 1K shares
$326.0M · 371 shares
$319.0M · 2K shares
$309.0M · 4K shares
$304.0M · 2K shares
$302.0M · 1K shares
$290.0M · 879 shares
$287.0M · 5K shares
$287.0M · 3K shares
$281.0M · 1K shares
$277.0M · 1K shares
$273.0M · 4K shares
$268.0M · 1K shares
$264.0M · 3K shares
$263.0M · 4K shares
$259.0M · 2K shares
$259.0M · 1K shares
$258.0M · 5K shares
$252.0M · 648 shares
$238.0M · 411 shares
$238.0M · 2K shares
$237.0M · 6K shares
$230.0M · 2K shares
$227.0M · 3K shares
$224.0M · 2K shares
$211.0M · 4K shares
$209.0M · 2K shares
$48.0M · 10K shares

Sector Breakdown

Sector# HoldingsValue%
Financial Services59$735.0B67.5%
Unknown13$152.6B14.0%
Technology26$92.1B8.5%
Communication Services7$24.8B2.3%
Consumer Cyclical12$20.8B1.9%
Industrials16$18.3B1.7%
Healthcare14$17.5B1.6%
Consumer Defensive9$12.1B1.1%
Utilities7$5.6B0.5%
Energy3$5.0B0.5%
Basic Materials1$2.9B0.3%
Real Estate1$2.3B0.2%