13F HOLDINGS REPORT
FIRST BUSINESS FINANCIAL SERVICES, INC.
Quarter ended Q2 2023 · Filed May 9, 2023 · Accession 0001521951-23-000055
Total Value
$796.8M
Positions
168
Other Managers
0
Confidential Omitted
No
Holdings (168)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | Vanguard Total Stock Market ET | 922908769 | 907,898 | $185.3M | 23.26% |
| 2 | iShares Core MSCI EAFE ETF | 46432F842 | 1,658,691 | $110.9M | 13.92% |
| 3 | iShares Core S&P Small-Cap ETF | 464287804 | 558,488 | $54.0M | 6.78% |
| 4 | iShares Russell 1000 Growth ET | 464287614 | 214,866 | $52.5M | 6.59% |
| 5 | iShares Core US Aggregate Bond | 464287226 | 474,888 | $47.3M | 5.94% |
| 6 | iShares Core Dividend Growth | 46434V621 | 918,451 | $45.9M | 5.76% |
| 7 | iShares Russell 1000 Value ETF | 464287598 | 287,861 | $43.8M | 5.50% |
| 8 | iShares Core S&P Mid-Cap ETF | 464287507 | 151,843 | $38.0M | 4.77% |
| 9 | SPDR S&P 500 ETF | SPY | 44,499 | $18.2M | 2.29% |
| 10 | Vanguard Real Estate ETF | 922908553 | 193,195 | $16.0M | 2.01% |
| 11 | JPMorgan Ultra-Short Income ET | 46641Q837 | 216,757 | $10.9M | 1.37% |
| 12 | First Business Financial Servi | 319390100 | 354,515 | $10.8M | 1.36% |
| 13 | Apple Inc | AAPL | 54,273 | $8.9M | 1.12% |
| 14 | iShares Edge MSCI USA Momentum | 46432F396 | 30,881 | $4.3M | 0.54% |
| 15 | Alphabet Inc Cap Stk Cl A | GOOG | 40,678 | $4.2M | 0.53% |
| 16 | Microsoft Corp | MSFT | 14,374 | $4.1M | 0.52% |
| 17 | Fiserv Inc | FISV | 36,410 | $4.1M | 0.52% |
| 18 | JPMorgan Chase & Co | VYLD | 28,288 | $3.7M | 0.46% |
| 19 | Pepsico Inc | PEP | 18,209 | $3.3M | 0.42% |
| 20 | Analog Devices Inc | ADI | 12,993 | $2.6M | 0.32% |
| 21 | Cisco Systems Inc | CSCO | 48,323 | $2.5M | 0.32% |
| 22 | iShares S&P 500 Core | 464287200 | 5,786 | $2.4M | 0.30% |
| 23 | Energy Select Sector SPDR ETF | 81369Y506 | 28,106 | $2.3M | 0.29% |
| 24 | Coca-Cola Co | KO | 36,905 | $2.3M | 0.29% |
| 25 | Abbvie Inc Com | ABBV | 13,768 | $2.2M | 0.28% |
| 26 | Merck & Co Inc | MRK | 20,570 | $2.2M | 0.27% |
| 27 | Arista Networks Inc | ANET | 12,913 | $2.2M | 0.27% |
| 28 | McDonald's Corp | MCD | 7,639 | $2.1M | 0.27% |
| 29 | Broadcom Inc | AVGO | 3,203 | $2.1M | 0.26% |
| 30 | Lilly Eli Co | LLY | 5,978 | $2.1M | 0.26% |
| 31 | Technology Select Sector SPDR | 81369Y803 | 13,385 | $2.0M | 0.25% |
| 32 | Texas Instruments Inc | 882508104 | 10,539 | $2.0M | 0.25% |
| 33 | Elevance Health INC | ELV | 4,214 | $1.9M | 0.24% |
| 34 | T Mobile US Inc | TMUSZ | 13,010 | $1.9M | 0.24% |
| 35 | UnitedHealth Group Inc | UNH | 3,931 | $1.9M | 0.23% |
| 36 | Home Depot Inc | HD | 6,199 | $1.8M | 0.23% |
| 37 | Amerisourcebergen Corp | COR | 11,399 | $1.8M | 0.23% |
| 38 | Amgen Inc | AMGN | 7,284 | $1.8M | 0.22% |
| 39 | Johnson & Johnson | JNJ | 11,036 | $1.7M | 0.21% |
| 40 | Stryker Corp | SYK | 5,966 | $1.7M | 0.21% |
| 41 | Exxon Mobil Corp | XOM | 14,923 | $1.6M | 0.21% |
| 42 | Procter & Gamble Co | 742718109 | 10,941 | $1.6M | 0.20% |
| 43 | Walt Disney Company | 254687106 | 15,929 | $1.6M | 0.20% |
| 44 | American Tower Corp | 03027X100 | 7,759 | $1.6M | 0.20% |
| 45 | Bank Of America Corp | 060505104 | 55,348 | $1.6M | 0.20% |
| 46 | Electronic Arts Inc | EA | 13,006 | $1.6M | 0.20% |
| 47 | Schlumberger Ltd | SLB | 31,729 | $1.6M | 0.20% |
| 48 | Adobe Inc | ADBE | 3,992 | $1.5M | 0.19% |
| 49 | Amazon.com Inc | AMZN | 14,500 | $1.5M | 0.19% |
| 50 | Lowe's Companies Inc | 548661107 | 7,486 | $1.5M | 0.19% |
| 51 | Lam Research Corporation | LRCX | 2,800 | $1.5M | 0.19% |
| 52 | Republic Services Inc | 760759100 | 10,800 | $1.5M | 0.18% |
| 53 | Prudential Financial Inc | PUKPF | 17,393 | $1.4M | 0.18% |
| 54 | Industrials Select Sector SPDR | 81369Y704 | 14,013 | $1.4M | 0.18% |
| 55 | Costco Wholesale Corp | 22160K105 | 2,846 | $1.4M | 0.18% |
| 56 | TJX Companies Inc | 872540109 | 17,943 | $1.4M | 0.18% |
| 57 | CSX Corp Com | CSX | 46,703 | $1.4M | 0.18% |
| 58 | Rio Tinto PLC Sponsored ADR | RTNTF | 19,969 | $1.4M | 0.17% |
| 59 | Paychex Inc | PAYX | 11,860 | $1.4M | 0.17% |
| 60 | Darden Restaurants Inc | DRI | 8,688 | $1.3M | 0.17% |
| 61 | Intercontinental Exchange Inc | 45866F104 | 12,604 | $1.3M | 0.16% |
| 62 | Quanta Services Inc | 74762E102 | 7,668 | $1.3M | 0.16% |
| 63 | iShares Russell 1000 ETF | 464287622 | 5,578 | $1.3M | 0.16% |
| 64 | General Dynamics Corp | GD | 5,432 | $1.2M | 0.16% |
| 65 | Abbott Laboratories | ABLZF | 11,930 | $1.2M | 0.15% |
| 66 | Essential Utilities, Inc | 29670G102 | 27,612 | $1.2M | 0.15% |
| 67 | Philip Morris International In | 718172109 | 12,068 | $1.2M | 0.15% |
| 68 | iShares Edge MSCI Min Vol USA | 46429B697 | 16,093 | $1.2M | 0.15% |
| 69 | Kroger Co | KR | 23,670 | $1.2M | 0.15% |
| 70 | Nvidia Corp | NVDA | 4,203 | $1.2M | 0.15% |
| 71 | iShares Russell 2000 | 464287655 | 6,206 | $1.1M | 0.14% |
| 72 | Johnson Controls Intl, PLC | G51502105 | 18,187 | $1.1M | 0.14% |
| 73 | Vanguard Small-Cap ETF | 922908751 | 5,736 | $1.1M | 0.14% |
| 74 | Qualcomm Inc | QCOM | 8,381 | $1.1M | 0.13% |
| 75 | Micron Technology Inc | MU | 16,105 | $971,776 | 0.12% |
| 76 | Visa Inc | V | 4,232 | $954,147 | 0.12% |
| 77 | Chevron Corp | CVX | 5,817 | $949,102 | 0.12% |
| 78 | Vanguard Mid-Cap ETF | 922908629 | 4,451 | $938,805 | 0.12% |
| 79 | Mondelez Intl Inc Class A | 609207105 | 12,911 | $900,155 | 0.11% |
| 80 | Citigroup Inc | C-PR | 19,009 | $891,332 | 0.11% |
| 81 | Consumer Discr Select Sect SPD | 81369Y407 | 5,651 | $845,051 | 0.11% |
| 82 | Illinois Tool Works Inc | 452308109 | 3,298 | $802,898 | 0.10% |
| 83 | Devon Energy Corp New | 25179M103 | 15,828 | $801,055 | 0.10% |
| 84 | Shell Plc ADR | RYDAF | 13,737 | $790,427 | 0.10% |
| 85 | Financial Select Sector SPDR E | 81369Y605 | 24,034 | $772,693 | 0.10% |
| 86 | SPDRA S&P MidCap 400 ETF | MDY | 1,633 | $748,584 | 0.09% |
| 87 | Expedia Group Inc New | EXPE | 7,574 | $734,905 | 0.09% |
| 88 | Thomson Reuters Corp | TMSOF | 5,581 | $726,200 | 0.09% |
| 89 | iShares Russell 2000 Growth | 464287648 | 3,152 | $714,937 | 0.09% |
| 90 | Alphabet Inc Cap Stk Cl C | GOOG | 6,620 | $688,480 | 0.09% |
| 91 | Tetra Tech Inc New | TTEK | 4,676 | $686,951 | 0.09% |
| 92 | Intel Corp | INTC | 21,011 | $686,429 | 0.09% |
| 93 | Nike Inc | NKE | 5,572 | $683,350 | 0.09% |
| 94 | Air Prods Chems Inc | AIIR | 2,360 | $677,816 | 0.09% |
| 95 | Amdocs Ltd ADR | DOX | 7,038 | $675,859 | 0.08% |
| 96 | iShares Russell 2000 Value | 464287630 | 4,662 | $638,787 | 0.08% |
| 97 | Nice Ltd Sponsored ADR | NCSYF | 2,713 | $620,979 | 0.08% |
| 98 | Aon PLC Shs Cl A | AON | 1,921 | $605,672 | 0.08% |
| 99 | Vanguard Communication SVCS ET | 92204A884 | 6,200 | $599,354 | 0.08% |
| 100 | Allegheny Technologies Inc | ATI | 14,325 | $565,265 | 0.07% |
| 101 | Mastercard Inc Cl A | MA | 1,547 | $562,195 | 0.07% |
| 102 | MGE Energy Inc | MGEE | 7,203 | $559,457 | 0.07% |
| 103 | BlackRock Inc | BLK | 817 | $546,671 | 0.07% |
| 104 | Advanced Micro Devices Inc | AMD | 5,372 | $526,510 | 0.07% |
| 105 | Transdigm Group Inc | TDG | 648 | $477,608 | 0.06% |
| 106 | Pfizer Inc | PFE | 11,165 | $455,532 | 0.06% |
| 107 | Accenture PLC | ACN | 1,473 | $420,998 | 0.05% |
| 108 | Communication Sector Select SP | 81369Y852 | 7,057 | $409,094 | 0.05% |
| 109 | American Funds Capital Income | 140193103 | 6,310 | $402,784 | 0.05% |
| 110 | Corning Inc | GLW | 11,406 | $402,404 | 0.05% |
| 111 | Intuitive Surgical Inc | ISRG | 1,533 | $391,636 | 0.05% |
| 112 | TE Connectivity Ltd | TEL | 2,955 | $387,548 | 0.05% |
| 113 | PNC Financial Services Group I | 693475105 | 3,041 | $386,511 | 0.05% |
| 114 | Meta Platforms Inc | META | 1,803 | $382,128 | 0.05% |
| 115 | Nuveen ESG Large Cap Value | NU | 11,106 | $378,381 | 0.05% |
| 116 | US Bancorp | USB-PS | 10,445 | $376,542 | 0.05% |
| 117 | Vanguard Index Growth | 922908736 | 1,502 | $374,659 | 0.05% |
| 118 | Vanguard Index Value | 922908744 | 2,689 | $371,378 | 0.05% |
| 119 | Charles River Labs Intl | 159864107 | 1,825 | $368,322 | 0.05% |
| 120 | Spdr Gold Trust Shs | GLD | 2,000 | $366,440 | 0.05% |
| 121 | Wal-Mart Inc | WMT | 2,422 | $357,124 | 0.04% |
| 122 | iShares Select Dividend | 464287168 | 3,022 | $354,118 | 0.04% |
| 123 | Paypal Hldgs Inc | PYPL | 4,560 | $346,286 | 0.04% |
| 124 | Nextera Energy Inc | NEE-PW | 4,410 | $339,923 | 0.04% |
| 125 | Altria Group Inc | MO | 7,616 | $339,826 | 0.04% |
| 126 | Applied Materials Inc | 038222105 | 2,739 | $336,431 | 0.04% |
| 127 | Ameriprise Financial Inc | 03076C106 | 1,093 | $335,005 | 0.04% |
| 128 | Bristol Myers Squibb Co | CELG-RI | 4,818 | $333,936 | 0.04% |
| 129 | Fidelity National Information | 31620M106 | 6,033 | $327,773 | 0.04% |
| 130 | Eaton Corp PLC | ETN | 1,879 | $321,948 | 0.04% |
| 131 | Microchip Technology Inc | MCHPP | 3,746 | $313,840 | 0.04% |
| 132 | Union Pacific Corp | UNP | 1,553 | $312,557 | 0.04% |
| 133 | Kimberly-Clark Corp | KMB | 2,308 | $309,780 | 0.04% |
| 134 | AT&T Inc | T-PC | 15,621 | $300,704 | 0.04% |
| 135 | Berkshire Hathaway INC-CL B | BRK-A | 966 | $298,272 | 0.04% |
| 136 | iShares MSCI ACWI ex US | 464288240 | 5,905 | $287,987 | 0.04% |
| 137 | International Business Machine | INTR | 2,191 | $287,218 | 0.04% |
| 138 | Cintas Corporation | CTAS | 602 | $278,533 | 0.03% |
| 139 | Valero Energy Corp | VLO | 1,995 | $278,502 | 0.03% |
| 140 | Xcel Energy Inc. | XELLL | 4,113 | $277,381 | 0.03% |
| 141 | Weyco Group Inc | WEYS | 10,802 | $273,291 | 0.03% |
| 142 | American Express CO | AXP | 1,630 | $268,869 | 0.03% |
| 143 | Genuine Parts Co | GPC | 1,585 | $265,186 | 0.03% |
| 144 | NMI Holdings Inc Cl A | NMIH | 11,604 | $259,117 | 0.03% |
| 145 | Starbucks Corp | SBUX | 2,464 | $256,576 | 0.03% |
| 146 | Rockwell Automation Inc | ROK | 867 | $254,421 | 0.03% |
| 147 | Arthur J. Gallagher & Co | 363576109 | 1,276 | $244,112 | 0.03% |
| 148 | Waste Mgmt Inc Del | 94106L109 | 1,495 | $243,939 | 0.03% |
| 149 | Phillips 66 | PSX | 2,396 | $242,906 | 0.03% |
| 150 | Bank Of Montreal ADR | 063671101 | 2,713 | $241,755 | 0.03% |
| 151 | Verizon Communications Inc | VZ | 6,137 | $238,668 | 0.03% |
| 152 | Vanguard FTSE Developed Market | 921943858 | 5,245 | $236,917 | 0.03% |
| 153 | Alibaba Group Hldg Ltd Sponsor | BBAAY | 2,269 | $231,846 | 0.03% |
| 154 | Western Digital Corp | WDC | 6,074 | $228,808 | 0.03% |
| 155 | Danaher Corp | 235851102 | 903 | $227,592 | 0.03% |
| 156 | Cummins Inc | CMI | 904 | $215,948 | 0.03% |
| 157 | Exact Sciences Corp | 30063P105 | 3,115 | $211,228 | 0.03% |
| 158 | Invesco Qqq Tr ETF | IVZ | 657 | $210,851 | 0.03% |
| 159 | iShares MSCI EAFE ETF | 464287465 | 2,926 | $209,268 | 0.03% |
| 160 | The Charles Schwab Corp | SCHW-PJ | 3,994 | $209,206 | 0.03% |
| 161 | Schwab US Large-Cap ETF | 808524201 | 4,298 | $207,894 | 0.03% |
| 162 | Automatic Data Processing Inc | ADP | 931 | $207,269 | 0.03% |
| 163 | Thermo Fisher Scientific Inc | TMO | 358 | $206,340 | 0.03% |
| 164 | Moderna Inc | MRNA | 1,341 | $205,951 | 0.03% |
| 165 | Barrick Gold Corp ADR | 067901108 | 11,000 | $204,270 | 0.03% |
| 166 | Vanguard Information Technolog | 92204A702 | 519 | $200,059 | 0.03% |
| 167 | Palantir Technologies Inc | PLTR | 10,811 | $91,353 | 0.01% |
| 168 | Acutus Medical | 005111109 | 10,000 | $7,540 | 0.00% |