Latest FIRST BUSINESS FINANCIAL SERVICES, INC. Stock Portfolio

FIRST BUSINESS FINANCIAL SERVICES, INC. Performance:

2024 Q3: 2.75%YTD: 2.93%2023: 9.13%

Performance for 2024 Q3 is 2.75%, and YTD is 2.93%, and 2023 is 9.13%.

About FIRST BUSINESS FINANCIAL SERVICES, INC. and 13F Hedge Fund Stock Holdings

In it's latest 13F Holdings report, FIRST BUSINESS FINANCIAL SERVICES, INC. reported an equity portfolio of $999.2 Millions as of 30 Sep, 2024.

The top stock holdings of FIRST BUSINESS FINANCIAL SERVICES, INC. are VB, IBCE, IJR. The fund has invested 24.9% of it's portfolio in VANGUARD TOTAL STOCK MARKET ET and 12.9% of portfolio in ISHARES CORE MSCI EAFE ETF.

The fund managers got completely rid off FISERV INC, TE CONNECTIVITY LTD (TEL) and KIMBERLY-CLARK CORP (KMB) stocks. They significantly reduced their stock positions in ISHARES EDGE MSCI MIN VOL USA (AMPS), NIKE INC (NKE) and THE CHARLES SCHWAB CORP (SCHW). FIRST BUSINESS FINANCIAL SERVICES, INC. opened new stock positions in ARISTOTLE FLOATING RATE INCOME, SERVICENOW INC (NOW) and HCA HEALTHCARE INC COM (HCA). The fund showed a lot of confidence in some stocks as they added substantially to TETRA TECH INC NEW (TTEK), CINTAS CORPORATION (CTAS) and NUVEEN ESG LARGE CAP VALUE (NDVG).

FIRST BUSINESS FINANCIAL SERVICES, INC. Annual Return Estimates Vs S&P 500

Our best estimate is that FIRST BUSINESS FINANCIAL SERVICES, INC. made a return of 2.75% in the last quarter. In trailing 12 months, it's portfolio return was 9.02%.

New Buys

Ticker	$ Bought
aristotle floating rate income	16,130,900
te connectivity plc adr	423,416
servicenow inc	382,799
hca healthcare inc com	240,200
ge aerospace	224,787
alliant energy corp	219,334
xcel energy inc.	213,988
wisdomtree tr us qtly div grt	211,603

New stocks bought by FIRST BUSINESS FINANCIAL SERVICES, INC.

Additions

Ticker	% Inc.
tetra tech inc new	400
cintas corporation	302
nuveen esg large cap value	84.22
ciena corp	18.27
equinix inc	15.06
eog res inc	14.44
costco wholesale corp	12.91
nextera energy inc	12.58

Additions to existing portfolio by FIRST BUSINESS FINANCIAL SERVICES, INC.

Reductions

Ticker	% Reduced
ishares edge msci min vol usa	-44.95
nike inc	-26.45
the charles schwab corp	-21.00
fidelity national information	-19.08
nice ltd sponsored adr	-17.22
amgen inc	-17.08
corning inc	-16.54
visa inc	-15.19

FIRST BUSINESS FINANCIAL SERVICES, INC. reduced stake in above stock

Sold off

Ticker	$ Sold
fiserv inc	-5,391,220
ab high income municipal advis	-133,099
barrick gold corp adr	-183,480
terran orbital corporation	-8,200
new york cmnty bancorp inc	-32,200
te connectivity ltd	-427,372
kimberly-clark corp	-263,686
honeywell international inc	-204,358

FIRST BUSINESS FINANCIAL SERVICES, INC. got rid off the above stocks

Sector Distribution

FIRST BUSINESS FINANCIAL SERVICES, INC. has about 80.4% of it's holdings in Others sector.

Sector	%
Others	80.4
Technology	6.3
Financial Services	3.8
Healthcare	2.2
Industrials	1.7
Consumer Cyclical	1.5
Communication Services	1.5
Consumer Defensive	1.2

Market Cap. Distribution

FIRST BUSINESS FINANCIAL SERVICES, INC. has about 17.9% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	80.1
LARGE-CAP	9
MEGA-CAP	8.9
SMALL-CAP	1.8

Stocks belong to which Index?

About 19.4% of the stocks held by FIRST BUSINESS FINANCIAL SERVICES, INC. either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	80.6
S&P 500	17.4
RUSSELL 2000	2

Top 5 Winners (%)		%
PLTR	palantir technologies inc	44.8 %
PYPL	paypal hldgs inc	33.7 %
CIEN	ciena corp	26.0 %
PH	parker hannifin corp	24.9 %
SBUX	starbucks corp	24.3 %

Top 5 Winners ($)		$
IJR	ishares core s&p small-cap etf	5.6 M
IJR	ishares russell 1000 value etf	4.4 M
FBIZ	first business financial servi	3.1 M
IJR	ishares core s&p mid-cap etf	2.9 M
IJR	ishares russell 1000 growth et	2.4 M

Top 5 Losers (%)		%
TTEK	tetra tech inc new	-77.5 %
CTAS	cintas corporation	-72.3 %
LRCX	lam research corporation	-36.1 %
INTC	intel corp	-23.9 %
MCK	mckesson corp	-15.3 %

Top 5 Losers ($)		$
TTEK	tetra tech inc new	-2.8 M
LRCX	lam research corporation	-1.3 M
CTAS	cintas corporation	-1.1 M
GOOG	alphabet inc cap stk cl a	-0.6 M
MSFT	microsoft corp	-0.3 M

FIRST BUSINESS FINANCIAL SERVICES, INC. Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of FIRST BUSINESS FINANCIAL SERVICES, INC.

FIRST BUSINESS FINANCIAL SERVICES, INC. has 158 stocks in it's portfolio. About 75.7% of the portfolio is in top 10 stocks. TTEK proved to be the most loss making stock for the portfolio. IJR was the most profitable stock for FIRST BUSINESS FINANCIAL SERVICES, INC. last quarter.

Last Reported on: 06 Nov, 2024

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc	1.36	58,144	13,547,600	added	10.36

AAXJ	ishares msci acwi ex us	0.03	5,905	337,884	unchanged	0.00

AAXJ	ishares global clean energy et	0.01	10,208	149,956	new

ABBV	abbvie inc com	0.14	6,994	1,381,180	reduced	-5.04

ABC	cencora inc	0.30	13,255	2,983,440	added	4.22

ABT	abbott laboratories	0.06	5,443	620,556	reduced	-3.65

ACN	accenture plc	0.15	4,229	1,494,870	reduced	-8.84

ACWF	ishares core dividend growth	5.64	898,495	56,326,700	added	1.16

ADBE	adobe inc	0.15	2,828	1,464,280	added	2.72

ADI	analog devices inc	0.30	12,817	2,950,090	reduced	-3.43

AJG	arthur j. gallagher & co	0.03	1,047	294,594	added	0.96

AMAT	applied materials inc	0.02	1,114	225,084	unchanged	0.00

AMD	advanced micro devices inc	0.06	3,331	546,550	unchanged	0.00

AMGN	amgen inc	0.03	762	245,524	reduced	-17.08

AMP	ameriprise financial inc	0.05	1,093	513,502	unchanged	0.00

AMPS	ishares edge msci min vol usa	0.08	8,694	793,849	reduced	-44.95

AMZN	amazon.com inc	0.16	8,654	1,612,500	reduced	-1.64

ANET	arista networks inc	0.55	14,211	5,454,470	added	0.63

AON	aon plc shs cl a	0.06	1,632	564,656	unchanged	0.00

ARKF	ark innovation	0.02	5,057	240,359	unchanged	0.00