First Business Financial Services, Inc.

13F filer · CIK 0001521951

Reported Jul 28, 2026

Net buyer this quarter

13F portfolio value$1.29BU.S. long equity reported on 13F

Positions15414 new · 5 closed

Net flow last quarter+$10.4MBuys minus sells

Top 10 positions weight13.6%Concentration

Holdings

13F · last 4 quarters free

Scroll for earlier quarters

Company	Value	% of portfolio	% of company	POSITION CHANGE qoq %	First reported
Q2 2026Reported Jul 28, 2026154 positions
SPYSPDR S&P 500 ETF Trust	$32.6M	2.53%	Not reported	-0.2%	Q2 2013
FBIZFirst Business Financial Services, Inc.	$21.5M	1.67%	4.07%	-5.9%	Q2 2013
NVDANvidia Corp	$20.5M	1.59%	0.00%	+2.6%	Q1 2016
AAPLApple Inc.	$17.3M	1.35%	0.00%	+0.8%	Q2 2015
AVGOBroadcom Inc.	$15.6M	1.21%	0.00%	-1.0%	Q1 2016
GOOGLAlphabet Inc.	$15.6M	1.21%	0.00%	+3.4%	Q3 2018
CIENCiena Corp	$14.1M	1.10%	0.02%	-4.1%	Q2 2023
LRCXLam Research Corp	$14.1M	1.09%	0.00%	+5.4%	Q2 2017
JPMJPMorgan Chase & Co	$11.8M	0.92%	0.00%	+2.2%	Q1 2017
ANETArista Networks, Inc.	$11.7M	0.91%	0.01%	+3.9%	Q4 2019
PWRQuanta Services, Inc.	$11.2M	0.87%	0.01%	+0.4%	Q2 2019
LLYELI LILLY & Co	$7.97M	0.62%	0.00%	+3.5%	Q4 2019
MSFTMicrosoft Corp	$6.95M	0.54%	0.00%	+3.3%	Q3 2013
CCitigroup Inc	$5.8M	0.45%	0.00%	+3.5%	Q2 2017
ADIAnalog Devices Inc	$5.51M	0.43%	0.00%	+3.7%	Q3 2017
BACBank of America Corp	$4.56M	0.35%	0.00%	+3.1%	Q4 2018
NUENucor Corp	$4.56M	0.35%	0.01%	+4.1%	Q2 2025
CORCencora, Inc.	$4.53M	0.35%	0.01%	+4.4%	Q4 2013
BRK.ABerkshire Hathaway Inc	$4.49M	0.35%	Not reported	Not reported	Q2 2016
COSTCostco Wholesale Corp	$4.42M	0.34%	0.00%	+1.6%	Q1 2014
XOMExxonMobil Holdings Corp	$4.21M	0.33%	0.00%	+5.4%	Q1 2017
TXNTexas Instruments Inc	$4.16M	0.32%	0.00%	+2.7%	Q1 2018
GDGeneral Dynamics Corp	$3.65M	0.28%	0.00%	+4.5%	Q2 2022
CSCOCisco Systems, Inc.	$3.65M	0.28%	0.00%	0.0%	Q3 2018
EQIXEquinix Inc	$3.56M	0.28%	0.00%	+3.7%	Q2 2024
EXPEExpedia Group, Inc.	$3.24M	0.25%	0.01%	+3.8%	Q4 2019
KOCoca Cola Co	$3.23M	0.25%	0.00%	+2.6%	Q1 2014
SYKStryker Corp	$3.16M	0.24%	0.00%	+3.7%	Q1 2018
RSGRepublic Services, Inc.	$3.08M	0.24%	0.00%	+1.6%	Q4 2019
PRUPrudential Financial Inc	$3.08M	0.24%	0.01%	+1.8%	Q3 2019
AMZNAmazon Com Inc	$3.07M	0.24%	0.00%	+4.2%	Q2 2020
TJXTJX Companies Inc	$3.05M	0.24%	0.00%	+3.5%	Q1 2014
NEENextera Energy Inc	$3.04M	0.24%	0.00%	+4.0%	Q3 2019
TOLToll Brothers, Inc.	$2.98M	0.23%	0.02%	+6.5%	Q2 2025
TMUST-Mobile US, Inc.	$2.93M	0.23%	0.00%	+3.4%	Q4 2019
EAElectronic Arts Inc.	$2.9M	0.22%	Not reported	-0.4%	Q4 2019
METAMeta Platforms, Inc.	$2.56M	0.20%	Not reported	+5.4%	Q1 2021
GOOGAlphabet Inc.	$2.48M	0.19%	Not reported	+2.0%	Q2 2018
DRIDarden Restaurants Inc	$2.29M	0.18%	0.01%	+3.9%	Q4 2019
OSKOshkosh Corp	$2.27M	0.18%	0.02%	+5.0%	Q2 2025
ICEIntercontinental Exchange, Inc.	$2.19M	0.17%	0.00%	+3.1%	Q1 2017
GLWCorning Inc	$2.18M	0.17%	0.00%	-4.7%	Q2 2019
LOWLowes Companies Inc	$2.14M	0.17%	0.00%	+4.0%	Q1 2014
AMDAdvanced Micro Devices Inc	$2.09M	0.16%	0.00%	+2.7%	Q2 2021
HWMHowmet Aerospace Inc.	$2.05M	0.16%	0.00%	Not reported	Q1 2025
QCOMQualcomm Inc	$1.95M	0.15%	0.00%	+4.1%	Q4 2013
PMPhilip Morris International Inc.	$1.91M	0.15%	0.00%	+0.9%	Q2 2013
AEPAmerican Electric Power Co Inc	$1.89M	0.15%	0.00%	+6.3%	Q3 2025
SLBSLB Limited	$1.88M	0.15%	0.00%	+4.1%	Q3 2013
IQVIqvia Holdings Inc.	$1.8M	0.14%	0.01%	+4.2%	Q2 2021

Q1 2026Reported May 1, 2026145 positions
SPYSPDR S&P 500 ETF Trust	$28.5M	2.53%	Not reported	-0.1%	Q2 2013
FBIZFirst Business Financial Services, Inc.	$19.5M	1.73%	4.33%	Not reported	Q2 2013
NVDANvidia Corp	$17.4M	1.55%	0.00%	+5.8%	Q1 2016
AAPLApple Inc.	$15.1M	1.34%	0.00%	+4.5%	Q2 2015
AVGOBroadcom Inc.	$12.9M	1.15%	0.00%	+10.1%	Q1 2016
GOOGLAlphabet Inc.	$12.1M	1.08%	0.00%	+8.2%	Q3 2018
CIENCiena Corp	$11.7M	1.04%	0.02%	+12.4%	Q2 2023
JPMJPMorgan Chase & Co	$10.4M	0.92%	0.00%	+10.1%	Q1 2017
PWRQuanta Services, Inc.	$8.52M	0.76%	0.01%	+10.0%	Q2 2019
ANETArista Networks, Inc.	$8.12M	0.72%	0.01%	+12.1%	Q4 2019
MSFTMicrosoft Corp	$6.68M	0.59%	0.00%	+2.1%	Q3 2013
LRCXLam Research Corp	$6.59M	0.59%	0.00%	+14.8%	Q2 2017
LLYELI LILLY & Co	$5.9M	0.52%	0.00%	+12.2%	Q4 2019
XOMExxonMobil Holdings Corp	$4.96M	0.44%	0.00%	+8.7%	Q1 2017
CORCencora, Inc.	$4.82M	0.43%	0.01%	+11.6%	Q4 2013
COSTCostco Wholesale Corp	$4.63M	0.41%	0.00%	+10.5%	Q1 2014
CCitigroup Inc	$4.54M	0.40%	0.00%	+11.5%	Q2 2017
BRK.ABerkshire Hathaway Inc	$4.31M	0.38%	Not reported	Not reported	Q2 2016
ADIAnalog Devices Inc	$4.25M	0.38%	0.00%	+11.8%	Q3 2017
BACBank of America Corp	$3.79M	0.34%	0.00%	+8.9%	Q4 2018
TMUST-Mobile US, Inc.	$3.55M	0.32%	0.00%	+19.9%	Q4 2019
GDGeneral Dynamics Corp	$3.38M	0.30%	0.00%	+11.8%	Q2 2022
NUENucor Corp	$3.32M	0.30%	0.01%	+10.3%	Q2 2025
EQIXEquinix Inc	$3.23M	0.29%	0.00%	+11.9%	Q2 2024
SYKStryker Corp	$3.18M	0.28%	0.00%	+11.2%	Q1 2018
RSGRepublic Services, Inc.	$3.12M	0.28%	0.00%	+13.9%	Q4 2019
TJXTJX Companies Inc	$3.11M	0.28%	0.00%	+8.5%	Q1 2014
NEENextera Energy Inc	$3.1M	0.28%	0.00%	+9.7%	Q3 2019
KOCoca Cola Co	$2.95M	0.26%	0.00%	+1.8%	Q1 2014
EAElectronic Arts Inc.	$2.89M	0.26%	Not reported	Not reported	Q4 2019
EXPEExpedia Group, Inc.	$2.82M	0.25%	0.01%	+11.4%	Q4 2019
PRUPrudential Financial Inc	$2.74M	0.24%	0.01%	+11.6%	Q3 2019
ICEIntercontinental Exchange, Inc.	$2.72M	0.24%	0.00%	+17.2%	Q1 2017
TXNTexas Instruments Inc	$2.64M	0.23%	0.00%	+10.2%	Q1 2018
AMZNAmazon Com Inc	$2.58M	0.23%	0.00%	+14.2%	Q2 2020
METAMeta Platforms, Inc.	$2.47M	0.22%	Not reported	+12.4%	Q1 2021
CSCOCisco Systems, Inc.	$2.41M	0.21%	0.00%	+2.4%	Q3 2018
TOLToll Brothers, Inc.	$2.32M	0.21%	0.02%	+12.4%	Q2 2025
LOWLowes Companies Inc	$2.21M	0.20%	0.00%	+11.9%	Q1 2014
DRIDarden Restaurants Inc	$2.09M	0.19%	0.01%	+12.0%	Q4 2019
OSKOshkosh Corp	$2.07M	0.18%	0.02%	+16.2%	Q2 2025
NFLXNetflix Inc	$2.03M	0.18%	0.00%	+6.2%	Q2 2021
SLBSLB Limited	$1.99M	0.18%	0.00%	+8.9%	Q3 2013
GOOGAlphabet Inc.	$1.97M	0.18%	Not reported	-0.2%	Q2 2018
KRKroger Co	$1.91M	0.17%	0.00%	+17.1%	Q1 2014
GLDSPDR Gold Trust	$1.83M	0.16%	0.00%	-19.1%	Q2 2013
PMPhilip Morris International Inc.	$1.73M	0.15%	0.00%	Not reported	Q2 2013
AEPAmerican Electric Power Co Inc	$1.71M	0.15%	0.00%	+15.1%	Q3 2025
ABBVAbbVie Inc.	$1.56M	0.14%	0.00%	+4.8%	Q2 2017
IQVIqvia Holdings Inc.	$1.53M	0.14%	0.01%	+13.1%	Q2 2021

Q4 2025Reported Feb 6, 2026129 positions
SPYSPDR S&P 500 ETF Trust	$29.9M	2.74%	Not reported	Not reported	Q2 2013
FBIZFirst Business Financial Services, Inc.	$19.6M	1.80%	4.34%	-3.5%	Q2 2013
NVDANvidia Corp	$17.6M	1.62%	0.00%	+0.9%	Q1 2016
AAPLApple Inc.	$15.5M	1.42%	0.00%	+0.8%	Q2 2015
AVGOBroadcom Inc.	$13.1M	1.20%	0.00%	+2.7%	Q1 2016
GOOGLAlphabet Inc.	$12.2M	1.12%	0.00%	+1.6%	Q3 2018
JPMJPMorgan Chase & Co	$10.3M	0.95%	0.00%	+1.7%	Q1 2017
MSFTMicrosoft Corp	$8.55M	0.79%	0.00%	-6.0%	Q3 2013
ANETArista Networks, Inc.	$7.74M	0.71%	0.00%	+3.4%	Q4 2019
CIENCiena Corp	$6.25M	0.57%	0.02%	+3.0%	Q2 2023
LLYELI LILLY & Co	$6.15M	0.56%	0.00%	+2.1%	Q4 2019
PWRQuanta Services, Inc.	$5.96M	0.55%	0.01%	+1.9%	Q2 2019
CORCencora, Inc.	$4.64M	0.43%	0.01%	+3.0%	Q4 2013
LRCXLam Research Corp	$4.6M	0.42%	0.00%	+2.5%	Q2 2017
BRK.ABerkshire Hathaway Inc	$4.53M	0.42%	Not reported	Not reported	Q2 2016
CCitigroup Inc	$4.19M	0.38%	0.00%	+2.9%	Q2 2017
BACBank of America Corp	$3.92M	0.36%	0.00%	+2.4%	Q4 2018
COSTCostco Wholesale Corp	$3.63M	0.33%	0.00%	+0.7%	Q1 2014
ADIAnalog Devices Inc	$3.24M	0.30%	0.00%	+2.9%	Q3 2017
XOMExxonMobil Holdings Corp	$3.24M	0.30%	0.00%	+2.0%	Q1 2017
EXPEExpedia Group, Inc.	$3.1M	0.28%	0.01%	+3.2%	Q4 2019
SYKStryker Corp	$3.05M	0.28%	0.00%	+3.1%	Q1 2018
GDGeneral Dynamics Corp	$2.97M	0.27%	0.00%	+3.3%	Q2 2022
NUENucor Corp	$2.9M	0.27%	0.01%	+3.5%	Q2 2025
EAElectronic Arts Inc.	$2.9M	0.27%	Not reported	-3.4%	Q4 2019
TMUST-Mobile US, Inc.	$2.86M	0.26%	0.00%	+3.1%	Q4 2019
PRUPrudential Financial Inc	$2.84M	0.26%	0.01%	+46.6%	Q3 2019
TJXTJX Companies Inc	$2.76M	0.25%	0.00%	+0.8%	Q1 2014
KOCoca Cola Co	$2.66M	0.24%	0.00%	+1.6%	Q1 2014
RSGRepublic Services, Inc.	$2.65M	0.24%	0.00%	-1.7%	Q4 2019
METAMeta Platforms, Inc.	$2.54M	0.23%	Not reported	+237.7%	Q1 2021
AMZNAmazon Com Inc	$2.5M	0.23%	0.00%	-0.9%	Q2 2020
NEENextera Energy Inc	$2.44M	0.22%	0.00%	+2.7%	Q3 2019
ICEIntercontinental Exchange, Inc.	$2.39M	0.22%	0.00%	+2.9%	Q1 2017
CSCOCisco Systems, Inc.	$2.34M	0.21%	0.00%	-1.2%	Q3 2018
EQIXEquinix Inc	$2.26M	0.21%	0.00%	+3.6%	Q2 2024
GOOGAlphabet Inc.	$2.16M	0.20%	Not reported	-4.4%	Q2 2018
TXNTexas Instruments Inc	$2.14M	0.20%	0.00%	+2.5%	Q1 2018
GLDSPDR Gold Trust	$2.08M	0.19%	0.00%	+1.3%	Q2 2013
TOLToll Brothers, Inc.	$2.04M	0.19%	0.02%	+3.6%	Q2 2025
LOWLowes Companies Inc	$2.02M	0.19%	0.00%	+3.4%	Q1 2014
NFLXNetflix Inc	$1.86M	0.17%	0.00%	-0.3%	Q2 2021
IQVIqvia Holdings Inc.	$1.79M	0.16%	0.00%	-5.9%	Q2 2021
DRIDarden Restaurants Inc	$1.75M	0.16%	0.01%	+3.3%	Q4 2019
PMPhilip Morris International Inc.	$1.68M	0.15%	0.00%	-0.3%	Q2 2013
QCOMQualcomm Inc	$1.57M	0.14%	0.00%	+2.1%	Q4 2013
ABBVAbbVie Inc.	$1.56M	0.14%	0.00%	-6.0%	Q2 2017
OSKOshkosh Corp	$1.52M	0.14%	0.02%	+2.2%	Q2 2025
PLTRPalantir Technologies Inc.	$1.44M	0.13%	0.00%	Not reported	Q4 2021
KRKroger Co	$1.41M	0.13%	0.00%	+4.5%	Q1 2014

Q3 2025Reported Oct 30, 2025145 positions
SPYSPDR S&P 500 ETF Trust	$29.2M	2.68%	Not reported	-0.5%	Q2 2013
FBIZFirst Business Financial Services, Inc.	$19.2M	1.76%	4.50%	-5.1%	Q2 2013
NVDANvidia Corp	$17.5M	1.60%	0.00%	-7.9%	Q1 2016
AAPLApple Inc.	$14.4M	1.32%	0.00%	-5.3%	Q2 2015
AVGOBroadcom Inc.	$12.2M	1.11%	0.00%	-7.8%	Q1 2016
JPMJPMorgan Chase & Co	$9.96M	0.91%	0.00%	-7.0%	Q1 2017
MSFTMicrosoft Corp	$9.74M	0.89%	0.00%	+3.8%	Q3 2013
GOOGLAlphabet Inc.	$9.33M	0.86%	0.00%	-5.8%	Q3 2018
ANETArista Networks, Inc.	$8.32M	0.76%	0.00%	-13.3%	Q4 2019
CATCaterpillar Inc	$7M	0.64%	0.00%	Not reported	Q4 2013
PWRQuanta Services, Inc.	$5.74M	0.53%	0.01%	-5.4%	Q2 2019
DEDeere & Co	$4.59M	0.42%	0.00%	Not reported	Q1 2014
BRK.ABerkshire Hathaway Inc	$4.53M	0.42%	Not reported	Not reported	Q2 2016
LLYELI LILLY & Co	$4.27M	0.39%	0.00%	-9.4%	Q4 2019
CORCencora, Inc.	$4.17M	0.38%	0.01%	-14.5%	Q4 2013
COSTCostco Wholesale Corp	$3.87M	0.35%	0.00%	-8.8%	Q1 2014
CIENCiena Corp	$3.78M	0.35%	0.02%	-6.2%	Q2 2023
MGEEMge Energy Inc	$3.74M	0.34%	0.12%	-5.4%	Q1 2020
BACBank of America Corp	$3.59M	0.33%	0.00%	-2.7%	Q4 2018
CCitigroup Inc	$3.54M	0.33%	0.00%	-10.1%	Q2 2017
LRCXLam Research Corp	$3.51M	0.32%	0.00%	-10.5%	Q2 2017
TMUST-Mobile US, Inc.	$3.27M	0.30%	0.00%	-10.0%	Q4 2019
SYKStryker Corp	$3.12M	0.29%	0.00%	-11.2%	Q1 2018
XOMExxonMobil Holdings Corp	$2.97M	0.27%	0.00%	-9.9%	Q1 2017
EAElectronic Arts Inc.	$2.96M	0.27%	Not reported	-13.4%	Q4 2019
RSGRepublic Services, Inc.	$2.92M	0.27%	0.00%	-11.4%	Q4 2019
GDGeneral Dynamics Corp	$2.91M	0.27%	0.00%	-12.9%	Q2 2022
ADIAnalog Devices Inc	$2.86M	0.26%	0.00%	-13.5%	Q3 2017
TJXTJX Companies Inc	$2.57M	0.24%	0.00%	-11.1%	Q1 2014
KOCoca Cola Co	$2.48M	0.23%	0.00%	-1.8%	Q1 2014
ICEIntercontinental Exchange, Inc.	$2.41M	0.22%	0.00%	-12.6%	Q1 2017
AMZNAmazon Com Inc	$2.4M	0.22%	0.00%	+14.2%	Q2 2020
NFLXNetflix Inc	$2.39M	0.22%	0.00%	+16.1%	Q2 2021
NUENucor Corp	$2.33M	0.21%	0.01%	+10.4%	Q2 2025
EXPEExpedia Group, Inc.	$2.27M	0.21%	0.01%	-6.9%	Q4 2019
NEENextera Energy Inc	$2.23M	0.20%	0.00%	-8.7%	Q3 2019
EQIXEquinix Inc	$2.23M	0.20%	0.00%	-13.2%	Q2 2024
TXNTexas Instruments Inc	$2.21M	0.20%	0.00%	-7.9%	Q1 2018
CSCOCisco Systems, Inc.	$2.1M	0.19%	0.00%	-14.2%	Q3 2018
LOWLowes Companies Inc	$2.03M	0.19%	0.00%	-9.5%	Q1 2014
TOLToll Brothers, Inc.	$2.01M	0.18%	0.02%	+4.0%	Q2 2025
GLDSPDR Gold Trust	$1.84M	0.17%	0.00%	Not reported	Q2 2013
PRUPrudential Financial Inc	$1.78M	0.16%	0.00%	-11.5%	Q3 2019
GOOGAlphabet Inc.	$1.76M	0.16%	Not reported	-2.7%	Q2 2018
DRIDarden Restaurants Inc	$1.76M	0.16%	0.01%	-13.4%	Q4 2019
PMPhilip Morris International Inc.	$1.7M	0.16%	0.00%	Not reported	Q2 2013
ABBVAbbVie Inc.	$1.69M	0.15%	0.00%	-2.0%	Q2 2017
IQVIqvia Holdings Inc.	$1.6M	0.15%	0.00%	-11.0%	Q2 2021
EOGEog Resources Inc	$1.55M	0.14%	0.00%	-6.2%	Q1 2022
OSKOshkosh Corp	$1.54M	0.14%	0.02%	+0.9%	Q2 2025

Premium opens every quarter this fund has filed