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VOL. XII · NO. 117Established MMXIV · George Town, Grand CaymanAtlantic Edition · $4.50

The Cayman Journal

Finance · Business · Technology · Caribbean & Global Affairs
13F HOLDINGS REPORT

FIRST BUSINESS FINANCIAL SERVICES, INC.

Quarter ended Q2 2024 · Filed August 2, 2024 · Accession 0001140361-24-035470

Total Value
$943.3M
Positions
157
Other Managers
0
Confidential Omitted
No
View on SEC.gov

Holdings (157)

#IssuerTicker / CUSIPSharesValue% of Filing
1Vanguard Total Stock Market ET922908769905,198$242.1M25.67%
2iShares Core MSCI EAFE ETF46432F8421,655,308$120.2M12.75%
3iShares Russell 1000 Growth ET464287614210,627$76.8M8.14%
4iShares Core S&P Small-Cap ETF464287804555,427$59.2M6.28%
5iShares Core Dividend Growth46434V621888,216$51.2M5.42%
6iShares Russell 1000 Value ETF464287598287,183$50.1M5.31%
7iShares Core US Aggregate Bond464287226462,359$44.9M4.76%
8iShares Core S&P Mid-Cap ETF464287507759,502$44.4M4.71%
9SPDR S&P 500 ETFSPY44,575$24.3M2.57%
10First Business Financial Servi319390100353,718$13.1M1.39%
11JPMorgan Ultra-Short Income ET46641Q837225,460$11.4M1.21%
12Apple IncAAPL52,686$11.1M1.18%
13Nvidia CorpNVDA75,543$9.3M0.99%
14Microsoft CorpMSFT18,106$8.1M0.86%
15Alphabet Inc Cap Stk Cl AGOOG36,231$6.6M0.70%
16JPMorgan Chase & CoVYLD30,195$6.1M0.65%
17Broadcom IncAVGO3,787$6.1M0.64%
18Fiserv IncFISV36,173$5.4M0.57%
19Lilly Eli CoLLY5,538$5.0M0.53%
20Arista Networks IncANET14,122$4.9M0.52%
21iShares Edge MSCI USA Momentum46432F39620,335$4.0M0.42%
22iShares S&P 500 Core4642872005,873$3.2M0.34%
23Costco Wholesale Corp22160K1053,610$3.1M0.33%
24Analog Devices IncADI13,272$3.0M0.32%
25Technology Select Sector SPDR81369Y80313,285$3.0M0.32%
26Lam Research CorporationLRCX2,772$3.0M0.31%
27Quanta Services Inc74762E10211,343$2.9M0.31%
28CENCORA INCCOR12,718$2.9M0.30%
29Exxon Mobil CorpXOM23,856$2.7M0.29%
30Stryker CorpSYK7,703$2.6M0.28%
31Energy Select Sector SPDR ETF81369Y50627,252$2.5M0.26%
32Citigroup IncC-PR38,104$2.4M0.26%
33T Mobile US IncTMUSZ13,328$2.3M0.25%
34Republic Services Inc76075910011,936$2.3M0.25%
35Cisco Systems IncCSCO47,650$2.3M0.24%
36Texas Instruments Inc88250810411,578$2.3M0.24%
37Bank of America Corp06050510456,148$2.2M0.24%
38UnitedHealth Group IncUNH4,243$2.2M0.23%
39TJX Companies Inc87254010919,027$2.1M0.22%
40Corteva Inc ComCTVA36,971$2.0M0.21%
41Intercontinental Exchange Inc45866F10414,534$2.0M0.21%
42Qualcomm IncQCOM9,967$2.0M0.21%
43Electronic Arts IncEA14,066$2.0M0.21%
44Iqvia Holdings IncIQV9,213$1.9M0.21%
45Prudential Financial IncPUKPF16,574$1.9M0.21%
46Lowe's Companies Inc5486611078,585$1.9M0.20%
47CSX Corp ComCSX55,469$1.9M0.20%
48Equinix IncEQIX2,358$1.8M0.19%
49Walt Disney Company25468710617,839$1.8M0.19%
50Industrials Select Sector SPDR81369Y70414,013$1.7M0.18%
51Amazon.com IncAMZN8,798$1.7M0.18%
52iShares Russell 1000 ETF4642876225,578$1.7M0.18%
53General Dynamics CorpGD5,697$1.7M0.18%
54Schlumberger LtdSLB32,980$1.6M0.16%
55Adobe IncADBE2,753$1.5M0.16%
56Nextera Energy IncNEE-PW21,591$1.5M0.16%
57Darden Restaurants IncDRI10,061$1.5M0.16%
58Coca-Cola CoKO23,335$1.5M0.16%
59Accenture PLCACN4,639$1.4M0.15%
60Hilton Worldwide Hldgs IncHLT6,415$1.4M0.15%
61Alphabet Inc Cap Stk Cl CGOOG7,390$1.4M0.14%
62Elevance Health INCELV2,485$1.3M0.14%
63iShares Edge MSCI Min Vol USA46429B69715,793$1.3M0.14%
64Thermo Fisher Scientific IncTMO2,360$1.3M0.14%
65Procter & Gamble Co7427181097,843$1.3M0.14%
66Kroger CoKR25,583$1.3M0.14%
67Abbvie Inc ComABBV7,365$1.3M0.13%
68Expedia Group Inc NewEXPE9,747$1.2M0.13%
69EOG Res IncEOG9,745$1.2M0.13%
70iShares Russell 20004642876555,923$1.2M0.13%
71Spdr Gold Trust ShsGLD5,500$1.2M0.13%
72Merck & Co IncMRK9,466$1.2M0.12%
73Vanguard Small-Cap ETF9229087515,129$1.1M0.12%
74Lululemon Athletica IncLULU3,630$1.1M0.11%
75Philip Morris International In71817210910,596$1.1M0.11%
76Consumer Discr Select Sect SPD81369Y4075,651$1.0M0.11%
77Financial Select Sector SPDR E81369Y60524,095$990,5450.11%
78Pepsico IncPEP5,692$938,7820.10%
79Mondelez Intl Inc Class A60920710513,502$883,5710.09%
80Ciena CorpCIEN18,061$870,1790.09%
81Vanguard Communication SVCS ET92204A8846,200$856,8400.09%
82Transdigm Group IncTDG652$833,0020.09%
83iShares Russell 2000 Growth4642876483,132$822,2440.09%
84Chevron CorpCVX5,147$805,0940.09%
85Illinois Tool Works Inc4523081093,331$789,3140.08%
86Johnson & JohnsonJNJ5,382$786,6330.08%
87Allegheny Technologies IncATI13,455$746,0800.08%
88Tetra Tech Inc NewTTEK3,511$717,9290.08%
89iShares Russell 2000 Value4642876304,604$701,1890.07%
90Berkshire Hathaway INC-CL BBRK-A1,706$694,0010.07%
91Vanguard Mid-Cap ETF9229086292,832$685,6270.07%
92Thomson Reuters Corp.TMSOF3,942$664,5030.07%
93Home Depot IncHD1,928$663,6950.07%
94BlackRock IncBLK836$658,2000.07%
95Eaton Corp PLCETN2,051$643,0910.07%
96Communication Sector Select SP81369Y8527,057$604,5030.06%
97McDonald's CorpMCD2,314$589,7000.06%
98Abbott LaboratoriesABLZF5,649$586,9880.06%
99PNC Financial Services Group I6934751053,759$584,4490.06%
100MGE Energy IncMGEE7,795$582,4420.06%
101Vanguard Index Growth9229087361,502$561,7630.06%
102Intuitive Surgical IncISRG1,239$551,1690.06%
103Wal-Mart IncWMT8,056$545,4720.06%
104Advanced Micro Devices IncAMD3,331$540,3220.06%
105Meta Platforms IncMETA1,016$512,2880.05%
106SPDRA S&P MidCap 400 ETFMDY917$490,6680.05%
107Aon PLC Shs Cl AAON1,632$479,1230.05%
108Ameriprise Financial Inc03076C1061,093$466,9190.05%
109Nuveen ESG Large Cap ValueNU11,776$445,0150.05%
110Corning IncGLW11,406$443,1230.05%
111Vanguard Index Value9229087442,689$431,3420.05%
112TE Connectivity LtdTEL2,841$427,3720.05%
113Novo Nordisk A/S ADRNONOF2,934$418,7990.04%
114Amdocs Ltd ADRDOX5,218$411,8050.04%
115iShares MSCI EAFE ETF4642874655,128$401,6760.04%
116Fidelity National Information31620M1065,284$398,2020.04%
117Mastercard Inc Cl AMA875$386,0150.04%
118Nike IncNKE5,013$377,8300.04%
119Union Pacific CorpUNP1,652$373,7820.04%
120Visa IncV1,415$371,3950.04%
121Weyco Group IncWEYS12,096$366,7510.04%
122The Charles Schwab CorpSCHW-PJ4,976$366,6810.04%
123Cintas CorporationCTAS513$359,2330.04%
124US BancorpUSB-PS9,042$358,9670.04%
125Waste Mgmt Inc Del94106L1091,657$353,5040.04%
126Microchip Technology IncMCHPP3,762$344,2230.04%
127American Express COAXP1,468$339,9150.04%
128Nice Ltd Sponsored ADRNCSYF1,963$337,5770.04%
129Intel CorpINTC10,637$329,4280.03%
130Altria Group IncMO7,116$324,1340.03%
131Vanguard FTSE Developed Market9219438586,514$321,9220.03%
132iShares MSCI ACWI ex US4642882405,905$313,7330.03%
133McKesson CorpMCK523$305,4530.03%
134Vanguard Information Technolog92204A702519$299,2500.03%
135Amgen IncAMGN919$287,1420.03%
136Palantir Technologies IncPLTR10,811$273,8430.03%
137Arthur J. Gallagher & Co3635761091,037$268,9040.03%
138Charles River Labs Intl1598641071,300$268,5540.03%
139Kimberly-Clark CorpKMB1,908$263,6860.03%
140Applied Materials Inc0382221051,114$262,8930.03%
141Ishares Tr Global Tech ETF4642872913,143$260,3030.03%
142Cummins IncCMI904$250,3450.03%
143Rockwell Automation IncROK867$238,6680.03%
144Danaher Corp235851102933$233,1100.02%
145Parker Hannifin CorpPH455$230,1440.02%
146Oracle CorpORCL-PD1,589$224,3670.02%
147Ark Innovation00214Q1045,057$222,2550.02%
148Caterpillar IncCAT667$222,1780.02%
149Marvell Technology Group LTDMRVL3,136$219,2060.02%
150Paypal Hldgs IncPYPL3,722$215,9880.02%
151Starbucks CorpSBUX2,645$205,9130.02%
152Honeywell International Inc438516106957$204,3580.02%
153Barrick Gold Corp ADR06790110811,000$183,4800.02%
154AB High Income Municipal Advis01864274412,823$133,0990.01%
155New York Cmnty Bancorp Inc64944510310,000$32,2000.00%
156First Ctzns Bancshares Inc31959XAA120,000$20,2090.00%
157Terran Orbital Corporation88105P10310,000$8,2000.00%