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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 Q3 2024 · Filed November 6, 2024 · Accession 0001140361-24-045361

Total Value
$999.2M
Positions
159
Other Managers
0
Confidential Omitted
No
View on SEC.gov

Holdings (159)

#IssuerTicker / CUSIPSharesValue% of Filing
1Vanguard Total Stock Market ET922908769877,618$248.5M24.87%
2iShares Core MSCI EAFE ETF46432F8421,657,693$129.4M12.95%
3iShares Russell 1000 Growth ET464287614203,112$76.2M7.63%
4iShares Core S&P Small-Cap ETF464287804529,655$61.9M6.20%
5iShares Core Dividend Growth46434V621898,495$56.3M5.64%
6iShares Russell 1000 Value ETF464287598286,403$54.4M5.44%
7iShares Core S&P Mid-Cap ETF464287507749,645$46.7M4.68%
8iShares Core US Aggregate Bond464287226411,275$41.6M4.17%
9SPDR S&P 500 ETFSPY42,854$24.6M2.46%
10First Business Financial Servi319390100365,912$16.7M1.67%
11Aristotle Floating Rate Income04045F5921,699,780$16.1M1.61%
12Apple IncAAPL58,144$13.5M1.36%
13JPMorgan Ultra-Short Income ET46641Q837201,911$10.2M1.03%
14Nvidia CorpNVDA81,760$9.9M0.99%
15Microsoft CorpMSFT18,335$7.9M0.79%
16JPMorgan Chase & CoVYLD30,907$6.5M0.65%
17Broadcom IncAVGO36,742$6.3M0.63%
18Alphabet Inc Cap Stk Cl AGOOG36,444$6.0M0.60%
19Arista Networks IncANET14,211$5.5M0.55%
20Lilly Eli CoLLY5,894$5.2M0.52%
21iShares Edge MSCI USA Momentum46432F39620,335$4.1M0.41%
22Costco Wholesale Corp22160K1054,076$3.6M0.36%
23Quanta Services Inc74762E10211,746$3.5M0.35%
24iShares S&P 500 Core4642872005,873$3.4M0.34%
25Stryker CorpSYK8,627$3.1M0.31%
26Technology Select Sector SPDR81369Y80313,285$3.0M0.30%
27CENCORA INCCOR13,255$3.0M0.30%
28T Mobile US IncTMUSZ14,343$3.0M0.30%
29Analog Devices IncADI12,817$3.0M0.30%
30Exxon Mobil CorpXOM24,135$2.8M0.28%
31Cisco Systems IncCSCO50,979$2.7M0.27%
32UnitedHealth Group IncUNH4,370$2.6M0.26%
33Texas Instruments Inc88250810412,156$2.5M0.25%
34Republic Services Inc76075910012,494$2.5M0.25%
35Citigroup IncC-PR39,361$2.5M0.25%
36Intercontinental Exchange Inc45866F10415,163$2.4M0.24%
37Equinix IncEQIX2,713$2.4M0.24%
38Energy Select Sector SPDR ETF81369Y50627,252$2.4M0.24%
39Lowe's Companies Inc5486611078,764$2.4M0.24%
40Corteva Inc ComCTVA40,350$2.4M0.24%
41Bank of America Corp06050510459,232$2.4M0.24%
42Lam Research CorporationLRCX2,856$2.3M0.23%
43TJX Companies Inc87254010919,483$2.3M0.23%
44Iqvia Holdings IncIQV9,553$2.3M0.23%
45Electronic Arts IncEA15,286$2.2M0.22%
46Prudential Financial IncPUKPF17,386$2.1M0.21%
47CSX Corp ComCSX60,236$2.1M0.21%
48Nextera Energy IncNEE-PW24,307$2.1M0.21%
49Walt Disney Company25468710619,958$1.9M0.19%
50Industrials Select Sector SPDR81369Y70414,013$1.9M0.19%
51General Dynamics CorpGD6,244$1.9M0.19%
52Darden Restaurants IncDRI10,878$1.8M0.18%
53iShares Russell 1000 ETF4642876225,578$1.8M0.18%
54Coca-Cola CoKO23,335$1.7M0.17%
55Qualcomm IncQCOM9,791$1.7M0.17%
56Amazon.com IncAMZN8,654$1.6M0.16%
57Thermo Fisher Scientific IncTMO2,560$1.6M0.16%
58Hilton Worldwide Hldgs IncHLT6,831$1.6M0.16%
59Accenture PLCACN4,229$1.5M0.15%
60Expedia Group Inc NewEXPE9,940$1.5M0.15%
61Adobe IncADBE2,828$1.5M0.15%
62Kroger CoKR24,935$1.4M0.14%
63Schlumberger LtdSLB33,970$1.4M0.14%
64Abbvie Inc ComABBV6,994$1.4M0.14%
65EOG Res IncEOG11,152$1.4M0.14%
66Elevance Health INCELV2,635$1.4M0.14%
67Spdr Gold Trust ShsGLD5,500$1.3M0.13%
68Ciena CorpCIEN21,361$1.3M0.13%
69iShares Russell 20004642876555,923$1.3M0.13%
70Procter & Gamble Co7427181097,490$1.3M0.13%
71Philip Morris International In71817210910,537$1.3M0.13%
72Alphabet Inc Cap Stk Cl CGOOG7,476$1.2M0.13%
73Vanguard Small-Cap ETF9229087515,129$1.2M0.12%
74Consumer Discr Select Sect SPD81369Y4075,651$1.1M0.11%
75Lululemon Athletica IncLULU4,070$1.1M0.11%
76Financial Select Sector SPDR E81369Y60524,095$1.1M0.11%
77Merck & Co IncMRK8,895$1.0M0.10%
78Mondelez Intl Inc Class A60920710513,060$962,1300.10%
79Transdigm Group IncTDG652$930,4890.09%
80Pepsico IncPEP5,408$919,6300.09%
81Nuveen ESG Large Cap ValueNU21,694$905,0740.09%
82Vanguard Communication SVCS ET92204A8846,200$901,4180.09%
83Allegheny Technologies IncATI13,455$900,2740.09%
84iShares Russell 2000 Growth4642876483,132$889,4880.09%
85Illinois Tool Works Inc4523081093,331$872,9550.09%
86Johnson & JohnsonJNJ5,324$862,8070.09%
87Tetra Tech Inc NewTTEK17,555$827,8940.08%
88iShares Edge MSCI Min Vol USA46429B6978,694$793,8490.08%
89BlackRock IncBLK830$788,0930.08%
90Berkshire Hathaway INC-CL BBRK-A1,706$785,2040.08%
91iShares Russell 2000 Value4642876304,604$768,0390.08%
92Chevron CorpCVX5,121$754,1700.08%
93Vanguard Mid-Cap ETF9229086292,832$747,1670.07%
94McDonald's CorpMCD2,289$697,0230.07%
95Home Depot IncHD1,716$695,3230.07%
96PNC Financial Services Group I6934751053,713$686,3480.07%
97Eaton Corp PLCETN2,062$683,4290.07%
98Thomson Reuters Corp.TMSOF3,942$672,5050.07%
99Wal-Mart IncWMT8,056$650,5220.07%
100Communication Sector Select SP81369Y8527,057$637,9530.06%
101MGE Energy IncMGEE6,808$622,5920.06%
102Abbott LaboratoriesABLZF5,443$620,5560.06%
103Intuitive Surgical IncISRG1,251$614,5790.06%
104Vanguard Index Growth9229087361,502$576,6630.06%
105Aon PLC Shs Cl AAON1,632$564,6560.06%
106Advanced Micro Devices IncAMD3,331$546,5500.05%
107Meta Platforms IncMETA938$536,9490.05%
108SPDRA S&P MidCap 400 ETFMDY917$522,3780.05%
109Ameriprise Financial Inc03076C1061,093$513,5020.05%
110Vanguard Index Value9229087442,689$469,4190.05%
111Weyco Group IncWEYS13,096$445,7880.04%
112Mastercard Inc Cl AMA885$437,0130.04%
113Corning IncGLW9,519$429,7830.04%
114iShares MSCI EAFE ETF4642874655,128$428,8550.04%
115Cintas CorporationCTAS2,064$424,9360.04%
116TE Connectivity PLC ADRTEL2,800$423,4160.04%
117US BancorpUSB-PS9,042$413,4910.04%
118Union Pacific CorpUNP1,619$399,0510.04%
119American Express COAXP1,468$398,1220.04%
120Amdocs Ltd ADRDOX4,450$389,2860.04%
121Servicenow IncNOW428$382,7990.04%
122Palantir Technologies IncPLTR9,991$371,6650.04%
123Altria Group IncMO7,116$363,2010.04%
124Fidelity National Information31620M1064,276$358,1150.04%
125Novo Nordisk A/S ADRNONOF2,964$352,9230.04%
126Vanguard FTSE Developed Market9219438586,514$344,0040.03%
127Waste Mgmt Inc Del94106L1091,657$343,9930.03%
128iShares MSCI ACWI ex US4642882405,905$337,8840.03%
129Visa IncV1,200$329,9400.03%
130Nike IncNKE3,687$325,9310.03%
131Vanguard Information Technolog92204A702519$304,4040.03%
132Microchip Technology IncMCHPP3,762$302,0510.03%
133Arthur J. Gallagher & Co3635761091,047$294,5940.03%
134Cummins IncCMI904$292,7060.03%
135Parker Hannifin CorpPH455$287,4780.03%
136Nice Ltd Sponsored ADRNCSYF1,625$282,2140.03%
137Paypal Hldgs IncPYPL3,549$276,9280.03%
138Oracle CorpORCL-PD1,609$274,1740.03%
139Caterpillar IncCAT667$260,8770.03%
140Danaher Corp235851102933$259,3930.03%
141Ishares Tr Global Tech ETF4642872913,143$259,3920.03%
142McKesson CorpMCK523$258,5820.03%
143Charles River Labs Intl1598641071,300$256,0610.03%
144The Charles Schwab CorpSCHW-PJ3,931$254,7680.03%
145Intel CorpINTC10,785$253,0160.03%
146Amgen IncAMGN762$245,5240.02%
147Ark Innovation00214Q1045,057$240,3590.02%
148Hca Healthcare Inc ComHCA591$240,2000.02%
149Rockwell Automation IncROK867$232,7550.02%
150Starbucks CorpSBUX2,357$229,7840.02%
151Marvell Technology Group LTDMRVL3,136$226,1680.02%
152Applied Materials Inc0382221051,114$225,0840.02%
153GE Aerospace3696043011,192$224,7870.02%
154Alliant Energy CorpLNT3,614$219,3340.02%
155Xcel Energy Inc.XELLL3,277$213,9880.02%
156Wisdomtree Tr US Qtly Div GrtWT2,543$211,6030.02%
157iShares Global Clean Energy ET46428822410,208$149,9560.02%
158Ford Motor Co34537086012,709$134,2070.01%
159First Ctzns Bancshares Inc31959XAA120,000$20,4500.00%