FIRST BUSINESS FINANCIAL SERVICES, INC.

PublicCIK: 1521951
FBIZNASDAQ
Location

MADISON, WI

192
Positions
$1.12B
Total AUM (reported)
8.06M
Total Shares

Allocation by class

TOTAL AUM$1.12B192 positions
COM$1.12B100.0%

Portfolio Concentration

Top 342.2%4–1027.6%11–2513.4%Rest16.8%TOP 1069.8%0%100%
Top 3$474.78M42.2%
4–10$310.78M27.6%
11–25$150.34M13.4%
Rest$188.83M16.8%

Top 3 weight

42.2%

Top 10 weight

69.8%

Voting Authority Distribution

Total shares with voting rights: 8.06M

Sole

Full voting authority

7.58M

shares

% of voting shares94.0%
Shared

Joint voting authority

0.00

shares

% of voting shares0.0%
None

No voting authority

486.41K

shares

% of voting shares6.0%

Investment Discretion (by position count)

Sole192
Shared0
Other0
Dominant voting typeSole · 94.0% of voting shares
Institutional Holdings192
Rows:

Vanguard Total Stock Market ET

SOLE
Com
Shares797.19K
TypeSH
Market value$255.75M
22.74%
Sole
797.19K
Shared
0.00
None
0.00

iShares Core MSCI EAFE ETF

SOLE
Com
Shares1.56M
TypeSH
Market value$140.87M
12.52%
Sole
1.56M
Shared
0.00
None
0.00

iShares Russell 1000 Growth ET

SOLE
Com
Shares183.31K
TypeSH
Market value$78.16M
6.95%
Sole
183.31K
Shared
0.00
None
0.00

iShares Core S&P Small-Cap ETF

SOLE
Com
Shares500.94K
TypeSH
Market value$62.27M
5.54%
Sole
500.94K
Shared
0.00
None
0.00

iShares Core Dividend Growth

SOLE
Com
Shares835.15K
TypeSH
Market value$58.61M
5.21%
Sole
835.15K
Shared
0.00
None
0.00

iShares Russell 1000 Value ETF

SOLE
Com
Shares266.21K
TypeSH
Market value$56.88M
5.06%
Sole
266.21K
Shared
0.00
None
0.00

iShares Core S&P Mid-Cap ETF

SOLE
Com
Shares707.53K
TypeSH
Market value$47.78M
4.25%
Sole
707.53K
Shared
0.00
None
0.00

iShares Core US Aggregate Bond

SOLE
Com
Shares375.70K
TypeSH
Market value$37.30M
3.32%
Sole
375.70K
Shared
0.00
None
0.00

State Street SPDR S&P 500 ETF

SOLE
Com
Shares43.75K
TypeSH
Market value$28.45M
2.53%
Sole
43.75K
Shared
0.00
None
0.00

First Business Financial Servi

SOLE
Com
Shares361.31K
TypeSH
Market value$19.49M
1.73%
Sole
0.00
Shared
0.00
None
361.31K

JPMorgan Ultra-Short Income ET

SOLE
Com
Shares349.70K
TypeSH
Market value$17.70M
1.57%
Sole
349.70K
Shared
0.00
None
0.00

Nvidia Corp

SOLE
Com
Shares99.95K
TypeSH
Market value$17.43M
1.55%
Sole
96K
Shared
0.00
None
3.95K

Apple Inc

SOLE
Com
Shares59.47K
TypeSH
Market value$15.09M
1.34%
Sole
54.86K
Shared
0.00
None
4.61K

Broadcom Inc

SOLE
Com
Shares41.65K
TypeSH
Market value$12.89M
1.15%
Sole
41.65K
Shared
0.00
None
0.00

Alphabet Inc Cap Stk Cl A

SOLE
Com
Shares42.16K
TypeSH
Market value$12.12M
1.08%
Sole
42.16K
Shared
0.00
None
0.00

Ciena Corp

SOLE
Com
Shares30.05K
TypeSH
Market value$11.67M
1.04%
Sole
30.05K
Shared
0.00
None
0.00

JPMorgan Chase & Co

SOLE
Com
Shares35.34K
TypeSH
Market value$10.40M
0.92%
Sole
35.34K
Shared
0.00
None
0.00

Quanta Services Inc

SOLE
Com
Shares15.53K
TypeSH
Market value$8.52M
0.76%
Sole
15.53K
Shared
0.00
None
0.00

Arista Networks Inc

SOLE
Com
Shares66.17K
TypeSH
Market value$8.12M
0.72%
Sole
66.17K
Shared
0.00
None
0.00

Microsoft Corp

SOLE
Com
Shares18.05K
TypeSH
Market value$6.68M
0.59%
Sole
17.22K
Shared
0.00
None
829.00

Vanguard Short-Term Inflation

SOLE
Com
Shares132.82K
TypeSH
Market value$6.63M
0.59%
Sole
132.82K
Shared
0.00
None
0.00

Lam Research Corporation

SOLE
Com
Shares30.84K
TypeSH
Market value$6.59M
0.59%
Sole
30.84K
Shared
0.00
None
0.00

Lilly Eli Co

SOLE
Com
Shares6.42K
TypeSH
Market value$5.90M
0.52%
Sole
6.42K
Shared
0.00
None
0.00

iShares National Muni Bond ETF

SOLE
Com
Shares52.98K
TypeSH
Market value$5.62M
0.50%
Sole
52.98K
Shared
0.00
None
0.00

Exxon Mobil Corp

SOLE
Com
Shares29.25K
TypeSH
Market value$4.96M
0.44%
Sole
25.36K
Shared
0.00
None
3.89K
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