Filed: 7/28/2026ACC: 0001140361-26-029854
📋 What this filing means
FIRST BUSINESS FINANCIAL SERVICES, INC. filed this quarterly 13F‑HR report disclosing 201 equity positions with a total reported market value of $1.29B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
201
Positions
$1.29B
Total AUM (reported)
8.76M
Total Shares
Allocation by class
COM$1.29B100.0%
Portfolio Concentration
Top 3$536.40M41.6%
4–10$349.95M27.1%
11–25$186.77M14.5%
Rest$216.24M16.8%
Top 3 weight
41.6%
Top 10 weight
68.7%
Voting Authority Distribution
Total shares with voting rights: 8.76M
Sole
Full voting authority
8.29M
shares
% of voting shares94.6%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
470.21K
shares
% of voting shares5.4%
Investment Discretion (by position count)
Sole201
Shared0
Other0
Dominant voting typeSole · 94.6% of voting shares
Institutional Holdings201
Rows:
Vanguard Total Stock Market ET
SOLEShares794.85K
TypeSH
Market value$294.13M
22.81%
Sole
794.85K
Shared
0.00
None
0.00
iShares Core MSCI EAFE ETF
SOLEShares1.57M
TypeSH
Market value$151.40M
11.74%
Sole
1.57M
Shared
0.00
None
0.00
iShares Russell 1000 Growth ET
SOLEShares731.88K
TypeSH
Market value$90.88M
7.05%
Sole
731.88K
Shared
0.00
None
0.00
iShares Core S&P Small-Cap ETF
SOLEShares502K
TypeSH
Market value$74.45M
5.77%
Sole
502K
Shared
0.00
None
0.00
iShares Russell 1000 Value ETF
SOLEShares265.83K
TypeSH
Market value$64.45M
5.00%
Sole
265.83K
Shared
0.00
None
0.00
iShares Core Dividend Growth
SOLEShares839.06K
TypeSH
Market value$63.59M
4.93%
Sole
839.06K
Shared
0.00
None
0.00
iShares Core S&P Mid-Cap ETF
SOLEShares711.69K
TypeSH
Market value$54.88M
4.26%
Sole
711.69K
Shared
0.00
None
0.00
iShares Core US Aggregate Bond
SOLEShares388.64K
TypeSH
Market value$38.47M
2.98%
Sole
388.64K
Shared
0.00
None
0.00
State Street SPDR S&P 500 ETF
SOLEShares43.68K
TypeSH
Market value$32.62M
2.53%
Sole
43.68K
Shared
0.00
None
0.00
First Business Financial Servi
SOLEShares340.19K
TypeSH
Market value$21.49M
1.67%
Sole
0.00
Shared
0.00
None
340.19K
Nvidia Corp
SOLEShares102.55K
TypeSH
Market value$20.52M
1.59%
Sole
98.60K
Shared
0.00
None
3.95K
JPMorgan Ultra-Short Income ET
SOLEShares363.80K
TypeSH
Market value$18.40M
1.43%
Sole
363.80K
Shared
0.00
None
0.00
Apple Inc
SOLEShares59.95K
TypeSH
Market value$17.35M
1.35%
Sole
55.34K
Shared
0.00
None
4.61K
Broadcom Inc
SOLEShares41.25K
TypeSH
Market value$15.58M
1.21%
Sole
41.25K
Shared
0.00
None
0.00
Alphabet Inc Cap Stk Cl A
SOLEShares43.59K
TypeSH
Market value$15.58M
1.21%
Sole
43.59K
Shared
0.00
None
0.00
Ciena Corp
SOLEShares28.81K
TypeSH
Market value$14.13M
1.10%
Sole
28.81K
Shared
0.00
None
0.00
Lam Research Corporation
SOLEShares32.52K
TypeSH
Market value$14.09M
1.09%
Sole
32.52K
Shared
0.00
None
0.00
JPMorgan Chase & Co
SOLEShares36.12K
TypeSH
Market value$11.82M
0.92%
Sole
36.12K
Shared
0.00
None
0.00
Arista Networks Inc
SOLEShares68.75K
TypeSH
Market value$11.68M
0.91%
Sole
68.75K
Shared
0.00
None
0.00
Quanta Services Inc
SOLEShares15.59K
TypeSH
Market value$11.23M
0.87%
Sole
15.59K
Shared
0.00
None
0.00
Lilly Eli Co
SOLEShares6.64K
TypeSH
Market value$7.97M
0.62%
Sole
6.64K
Shared
0.00
None
0.00
Vanguard Short-Term Inflation
SOLEShares150.17K
TypeSH
Market value$7.54M
0.59%
Sole
150.17K
Shared
0.00
None
0.00
iShares Edge MSCI USA Momentum
SOLEShares20.34K
TypeSH
Market value$6.97M
0.54%
Sole
20.34K
Shared
0.00
None
0.00
Microsoft Corp
SOLEShares18.64K
TypeSH
Market value$6.95M
0.54%
Sole
17.82K
Shared
0.00
None
829.00
State Street Technology Select
SOLEShares36.50K
TypeSH
Market value$6.95M
0.54%
Sole
36.50K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
Vanguard Total Stock Market ETSOLE | Com | 794.85K | SH | $294.13M 22.81% | 794.85K | 0.00 | 0.00 |
iShares Core MSCI EAFE ETFSOLE | Com | 1.57M | SH | $151.40M 11.74% | 1.57M | 0.00 | 0.00 |
iShares Russell 1000 Growth ETSOLE | Com | 731.88K | SH | $90.88M 7.05% | 731.88K | 0.00 | 0.00 |
iShares Core S&P Small-Cap ETFSOLE | Com | 502K | SH | $74.45M 5.77% | 502K | 0.00 | 0.00 |
iShares Russell 1000 Value ETFSOLE | Com | 265.83K | SH | $64.45M 5.00% | 265.83K | 0.00 | 0.00 |
iShares Core Dividend GrowthSOLE | Com | 839.06K | SH | $63.59M 4.93% | 839.06K | 0.00 | 0.00 |
iShares Core S&P Mid-Cap ETFSOLE | Com | 711.69K | SH | $54.88M 4.26% | 711.69K | 0.00 | 0.00 |
iShares Core US Aggregate BondSOLE | Com | 388.64K | SH | $38.47M 2.98% | 388.64K | 0.00 | 0.00 |
State Street SPDR S&P 500 ETFSOLE | Com | 43.68K | SH | $32.62M 2.53% | 43.68K | 0.00 | 0.00 |
First Business Financial ServiSOLE | Com | 340.19K | SH | $21.49M 1.67% | 0.00 | 0.00 | 340.19K |
Nvidia CorpSOLE | Com | 102.55K | SH | $20.52M 1.59% | 98.60K | 0.00 | 3.95K |
JPMorgan Ultra-Short Income ETSOLE | Com | 363.80K | SH | $18.40M 1.43% | 363.80K | 0.00 | 0.00 |
Apple IncSOLE | Com | 59.95K | SH | $17.35M 1.35% | 55.34K | 0.00 | 4.61K |
Broadcom IncSOLE | Com | 41.25K | SH | $15.58M 1.21% | 41.25K | 0.00 | 0.00 |
Alphabet Inc Cap Stk Cl ASOLE | Com | 43.59K | SH | $15.58M 1.21% | 43.59K | 0.00 | 0.00 |
Ciena CorpSOLE | Com | 28.81K | SH | $14.13M 1.10% | 28.81K | 0.00 | 0.00 |
Lam Research CorporationSOLE | Com | 32.52K | SH | $14.09M 1.09% | 32.52K | 0.00 | 0.00 |
JPMorgan Chase & CoSOLE | Com | 36.12K | SH | $11.82M 0.92% | 36.12K | 0.00 | 0.00 |
Arista Networks IncSOLE | Com | 68.75K | SH | $11.68M 0.91% | 68.75K | 0.00 | 0.00 |
Quanta Services IncSOLE | Com | 15.59K | SH | $11.23M 0.87% | 15.59K | 0.00 | 0.00 |
Lilly Eli CoSOLE | Com | 6.64K | SH | $7.97M 0.62% | 6.64K | 0.00 | 0.00 |
Vanguard Short-Term InflationSOLE | Com | 150.17K | SH | $7.54M 0.59% | 150.17K | 0.00 | 0.00 |
iShares Edge MSCI USA MomentumSOLE | Com | 20.34K | SH | $6.97M 0.54% | 20.34K | 0.00 | 0.00 |
Microsoft CorpSOLE | Com | 18.64K | SH | $6.95M 0.54% | 17.82K | 0.00 | 829.00 |
State Street Technology SelectSOLE | Com | 36.50K | SH | $6.95M 0.54% | 36.50K | 0.00 | 0.00 |
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