13F HOLDINGS REPORT
FIRST BUSINESS FINANCIAL SERVICES, INC.
Quarter ended Q3 2023 · Filed August 7, 2023 · Accession 0001521951-23-000070
Total Value
$810.7M
Positions
167
Other Managers
0
Confidential Omitted
No
Holdings (167)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | Vanguard Total Stock Market ET | 922908769 | 890,002 | $196.0M | 24.18% |
| 2 | iShares Core MSCI EAFE ETF | 46432F842 | 1,634,686 | $110.3M | 13.61% |
| 3 | iShares Russell 1000 Growth ET | 464287614 | 212,025 | $58.3M | 7.20% |
| 4 | iShares Core S&P Small-Cap ETF | 464287804 | 548,526 | $54.7M | 6.74% |
| 5 | iShares Core Dividend Growth | 46434V621 | 900,247 | $46.4M | 5.72% |
| 6 | iShares Core US Aggregate Bond | 464287226 | 458,082 | $44.9M | 5.53% |
| 7 | iShares Russell 1000 Value ETF | 464287598 | 282,564 | $44.6M | 5.50% |
| 8 | iShares Core S&P Mid-Cap ETF | 464287507 | 149,871 | $39.2M | 4.83% |
| 9 | SPDR S&P 500 ETF | SPY | 44,499 | $19.7M | 2.43% |
| 10 | First Business Financial Servi | 319390100 | 362,895 | $10.7M | 1.32% |
| 11 | JPMorgan Ultra-Short Income ET | 46641Q837 | 211,627 | $10.6M | 1.31% |
| 12 | Apple Inc | AAPL | 54,277 | $10.5M | 1.30% |
| 13 | Microsoft Corp | MSFT | 14,394 | $4.9M | 0.60% |
| 14 | Alphabet Inc Cap Stk Cl A | GOOG | 40,792 | $4.9M | 0.60% |
| 15 | Fiserv Inc | FISV | 36,410 | $4.6M | 0.57% |
| 16 | JPMorgan Chase & Co | VYLD | 28,467 | $4.1M | 0.51% |
| 17 | Pepsico Inc | PEP | 17,733 | $3.3M | 0.41% |
| 18 | iShares Edge MSCI USA Momentum | 46432F396 | 20,389 | $2.9M | 0.36% |
| 19 | Lilly Eli Co | LLY | 6,016 | $2.8M | 0.35% |
| 20 | iShares S&P 500 Core | 464287200 | 6,209 | $2.8M | 0.34% |
| 21 | Broadcom Inc | AVGO | 3,162 | $2.7M | 0.34% |
| 22 | Analog Devices Inc | ADI | 13,026 | $2.5M | 0.31% |
| 23 | Cisco Systems Inc | CSCO | 48,324 | $2.5M | 0.31% |
| 24 | Quanta Services Inc | 74762E102 | 12,236 | $2.4M | 0.30% |
| 25 | Technology Select Sector SPDR | 81369Y803 | 13,385 | $2.3M | 0.29% |
| 26 | Energy Select Sector SPDR ETF | 81369Y506 | 28,492 | $2.3M | 0.29% |
| 27 | Versus Capital Real Assets Fun | 92535N100 | 81,295 | $2.2M | 0.28% |
| 28 | Amerisourcebergen Corp | COR | 11,616 | $2.2M | 0.28% |
| 29 | Coca-Cola Co | KO | 35,905 | $2.2M | 0.27% |
| 30 | McDonald's Corp | MCD | 7,114 | $2.1M | 0.26% |
| 31 | Arista Networks Inc | ANET | 12,957 | $2.1M | 0.26% |
| 32 | Adobe Inc | ADBE | 4,056 | $2.0M | 0.24% |
| 33 | Home Depot Inc | HD | 6,199 | $1.9M | 0.24% |
| 34 | Texas Instruments Inc | 882508104 | 10,634 | $1.9M | 0.24% |
| 35 | UnitedHealth Group Inc | UNH | 3,939 | $1.9M | 0.23% |
| 36 | Elevance Health INC | ELV | 4,244 | $1.9M | 0.23% |
| 37 | Amazon.com Inc | AMZN | 14,361 | $1.9M | 0.23% |
| 38 | Stryker Corp | SYK | 6,082 | $1.9M | 0.23% |
| 39 | T Mobile US Inc | TMUSZ | 13,246 | $1.8M | 0.23% |
| 40 | Abbvie Inc Com | ABBV | 13,628 | $1.8M | 0.23% |
| 41 | Iqvia Holdings Inc | IQV | 8,122 | $1.8M | 0.23% |
| 42 | Lam Research Corporation | LRCX | 2,805 | $1.8M | 0.22% |
| 43 | Johnson & Johnson | JNJ | 10,436 | $1.7M | 0.21% |
| 44 | Electronic Arts Inc | EA | 13,145 | $1.7M | 0.21% |
| 45 | Lowe's Companies Inc | 548661107 | 7,539 | $1.7M | 0.21% |
| 46 | Procter & Gamble Co | 742718109 | 10,960 | $1.7M | 0.21% |
| 47 | Republic Services Inc | 760759100 | 10,838 | $1.7M | 0.20% |
| 48 | Nvidia Corp | NVDA | 3,901 | $1.7M | 0.20% |
| 49 | CSX Corp Com | CSX | 48,348 | $1.6M | 0.20% |
| 50 | Amgen Inc | AMGN | 7,317 | $1.6M | 0.20% |
| 51 | Bank Of America Corp | 060505104 | 55,705 | $1.6M | 0.20% |
| 52 | Schlumberger Ltd | SLB | 32,084 | $1.6M | 0.19% |
| 53 | Costco Wholesale Corp | 22160K105 | 2,853 | $1.5M | 0.19% |
| 54 | TJX Companies Inc | 872540109 | 18,064 | $1.5M | 0.19% |
| 55 | Prudential Financial Inc | PUKPF | 17,345 | $1.5M | 0.19% |
| 56 | Exxon Mobil Corp | XOM | 14,138 | $1.5M | 0.19% |
| 57 | Industrials Select Sector SPDR | 81369Y704 | 14,013 | $1.5M | 0.19% |
| 58 | Darden Restaurants Inc | DRI | 8,785 | $1.5M | 0.18% |
| 59 | Walt Disney Company | 254687106 | 16,401 | $1.5M | 0.18% |
| 60 | Intercontinental Exchange Inc | 45866F104 | 12,727 | $1.4M | 0.18% |
| 61 | iShares Russell 1000 ETF | 464287622 | 5,578 | $1.4M | 0.17% |
| 62 | Corteva Inc Com | CTVA | 23,661 | $1.4M | 0.17% |
| 63 | Paychex Inc | PAYX | 11,904 | $1.3M | 0.16% |
| 64 | Abbott Laboratories | ABLZF | 11,956 | $1.3M | 0.16% |
| 65 | Johnson Controls Intl, PLC | G51502105 | 18,114 | $1.2M | 0.15% |
| 66 | iShares Edge MSCI Min Vol USA | 46429B697 | 16,093 | $1.2M | 0.15% |
| 67 | Philip Morris International In | 718172109 | 12,068 | $1.2M | 0.15% |
| 68 | General Dynamics Corp | GD | 5,451 | $1.2M | 0.14% |
| 69 | iShares Russell 2000 | 464287655 | 6,206 | $1.2M | 0.14% |
| 70 | Vanguard Small-Cap ETF | 922908751 | 5,773 | $1.1M | 0.14% |
| 71 | Merck & Co Inc | MRK | 9,768 | $1.1M | 0.14% |
| 72 | Essential Utilities, Inc | 29670G102 | 27,982 | $1.1M | 0.14% |
| 73 | Kroger Co | KR | 23,755 | $1.1M | 0.14% |
| 74 | EOG Res Inc | EOG | 9,452 | $1.1M | 0.13% |
| 75 | Qualcomm Inc | QCOM | 8,938 | $1.1M | 0.13% |
| 76 | Visa Inc | V | 4,232 | $1.0M | 0.12% |
| 77 | Spdr Gold Trust Shs | GLD | 5,500 | $980,485 | 0.12% |
| 78 | Vanguard Mid-Cap ETF | 922908629 | 4,451 | $979,932 | 0.12% |
| 79 | Consumer Discr Select Sect SPD | 81369Y407 | 5,651 | $959,596 | 0.12% |
| 80 | Mondelez Intl Inc Class A | 609207105 | 12,911 | $941,728 | 0.12% |
| 81 | Chevron Corp | CVX | 5,629 | $885,723 | 0.11% |
| 82 | Shell Plc ADR | RYDAF | 13,931 | $841,154 | 0.10% |
| 83 | Expedia Group Inc New | EXPE | 7,673 | $839,349 | 0.10% |
| 84 | Financial Select Sector SPDR E | 81369Y605 | 24,684 | $832,098 | 0.10% |
| 85 | Illinois Tool Works Inc | 452308109 | 3,298 | $825,028 | 0.10% |
| 86 | American Tower Corp | 03027X100 | 4,235 | $821,336 | 0.10% |
| 87 | Citigroup Inc | C-PR | 17,598 | $810,212 | 0.10% |
| 88 | Alphabet Inc Cap Stk Cl C | GOOG | 6,620 | $800,821 | 0.10% |
| 89 | SPDRA S&P MidCap 400 ETF | MDY | 1,633 | $782,060 | 0.10% |
| 90 | Tetra Tech Inc New | TTEK | 4,676 | $765,648 | 0.09% |
| 91 | iShares Russell 2000 Growth | 464287648 | 3,152 | $764,864 | 0.09% |
| 92 | Ciena Corp | CIEN | 17,262 | $733,462 | 0.09% |
| 93 | Air Prods Chems Inc | AIIR | 2,360 | $706,891 | 0.09% |
| 94 | Amdocs Ltd ADR | DOX | 7,038 | $695,706 | 0.09% |
| 95 | T Rowe Price Short-Term Bond I | 77957P402 | 153,547 | $687,891 | 0.08% |
| 96 | Intel Corp | INTC | 20,325 | $679,668 | 0.08% |
| 97 | Aon PLC Shs Cl A | AON | 1,921 | $663,129 | 0.08% |
| 98 | Vanguard Communication SVCS ET | 92204A884 | 6,200 | $659,122 | 0.08% |
| 99 | iShares Russell 2000 Value | 464287630 | 4,662 | $656,410 | 0.08% |
| 100 | Allegheny Technologies Inc | ATI | 14,325 | $633,595 | 0.08% |
| 101 | Nike Inc | NKE | 5,604 | $618,513 | 0.08% |
| 102 | Mastercard Inc Cl A | MA | 1,558 | $612,761 | 0.08% |
| 103 | Advanced Micro Devices Inc | AMD | 5,372 | $611,925 | 0.08% |
| 104 | Transdigm Group Inc | TDG | 648 | $579,422 | 0.07% |
| 105 | MGE Energy Inc | MGEE | 7,203 | $569,829 | 0.07% |
| 106 | BlackRock Inc | BLK | 817 | $564,661 | 0.07% |
| 107 | Nice Ltd Sponsored ADR | NCSYF | 2,713 | $560,235 | 0.07% |
| 108 | Intuitive Surgical Inc | ISRG | 1,533 | $524,194 | 0.06% |
| 109 | Meta Platforms Inc | META | 1,788 | $513,120 | 0.06% |
| 110 | Communication Sector Select SP | 81369Y852 | 7,057 | $459,270 | 0.06% |
| 111 | Accenture PLC | ACN | 1,473 | $454,538 | 0.06% |
| 112 | PNC Financial Services Group I | 693475105 | 3,462 | $436,039 | 0.05% |
| 113 | Vanguard Index Growth | 922908736 | 1,502 | $425,006 | 0.05% |
| 114 | TE Connectivity Ltd | TEL | 2,955 | $414,173 | 0.05% |
| 115 | Corning Inc | GLW | 11,406 | $399,666 | 0.05% |
| 116 | Applied Materials Inc | 038222105 | 2,739 | $395,895 | 0.05% |
| 117 | Pfizer Inc | PFE | 10,761 | $394,713 | 0.05% |
| 118 | Nuveen ESG Large Cap Value | NU | 11,091 | $384,303 | 0.05% |
| 119 | Charles River Labs Intl | 159864107 | 1,825 | $383,706 | 0.05% |
| 120 | Wal-Mart Inc | WMT | 2,441 | $383,676 | 0.05% |
| 121 | Vanguard Index Value | 922908744 | 2,689 | $382,107 | 0.05% |
| 122 | Eaton Corp PLC | ETN | 1,879 | $377,867 | 0.05% |
| 123 | US Bancorp | USB-PS | 11,222 | $370,775 | 0.05% |
| 124 | Ameriprise Financial Inc | 03076C106 | 1,093 | $363,051 | 0.04% |
| 125 | Altria Group Inc | MO | 7,616 | $345,005 | 0.04% |
| 126 | Microchip Technology Inc | MCHPP | 3,746 | $335,604 | 0.04% |
| 127 | Nextera Energy Inc | NEE-PW | 4,463 | $331,155 | 0.04% |
| 128 | JHancock Investment Grade Bond | 41014P771 | 36,526 | $330,558 | 0.04% |
| 129 | Berkshire Hathaway INC-CL B | BRK-A | 967 | $329,747 | 0.04% |
| 130 | Union Pacific Corp | UNP | 1,566 | $320,435 | 0.04% |
| 131 | Paypal Hldgs Inc | PYPL | 4,560 | $304,289 | 0.04% |
| 132 | Vanguard FTSE Developed Market | 921943858 | 6,514 | $300,817 | 0.04% |
| 133 | Cintas Corporation | CTAS | 602 | $299,242 | 0.04% |
| 134 | Weyco Group Inc | WEYS | 11,096 | $296,152 | 0.04% |
| 135 | Exact Sciences Corp | 30063P105 | 3,115 | $292,499 | 0.04% |
| 136 | Bristol Myers Squibb Co | CELG-RI | 4,568 | $292,124 | 0.04% |
| 137 | iShares MSCI ACWI ex US | 464288240 | 5,905 | $290,644 | 0.04% |
| 138 | Fidelity National Information | 31620M106 | 5,284 | $289,035 | 0.04% |
| 139 | Rockwell Automation Inc | ROK | 867 | $285,633 | 0.04% |
| 140 | American Express CO | AXP | 1,630 | $283,946 | 0.04% |
| 141 | Arthur J. Gallagher & Co | 363576109 | 1,276 | $280,171 | 0.03% |
| 142 | International Business Machine | INTR | 2,018 | $270,029 | 0.03% |
| 143 | Kimberly-Clark Corp | KMB | 1,908 | $263,418 | 0.03% |
| 144 | Waste Mgmt Inc Del | 94106L109 | 1,495 | $259,263 | 0.03% |
| 145 | Xcel Energy Inc. | XELLL | 4,113 | $255,705 | 0.03% |
| 146 | Starbucks Corp | SBUX | 2,464 | $244,084 | 0.03% |
| 147 | Invesco Qqq Tr ETF | IVZ | 657 | $242,709 | 0.03% |
| 148 | Genuine Parts Co | GPC | 1,417 | $239,799 | 0.03% |
| 149 | Generac Holdings Inc | GNRC | 1,572 | $234,432 | 0.03% |
| 150 | Western Digital Corp | WDC | 6,074 | $230,387 | 0.03% |
| 151 | Vanguard Information Technolog | 92204A702 | 519 | $229,481 | 0.03% |
| 152 | The Charles Schwab Corp | SCHW-PJ | 3,994 | $226,380 | 0.03% |
| 153 | Schwab US Large-Cap ETF | 808524201 | 4,298 | $225,086 | 0.03% |
| 154 | AT&T Inc | T-PC | 13,996 | $223,236 | 0.03% |
| 155 | Cummins Inc | CMI | 904 | $221,625 | 0.03% |
| 156 | Danaher Corp | 235851102 | 921 | $221,040 | 0.03% |
| 157 | McKesson Corp | MCK | 508 | $217,073 | 0.03% |
| 158 | Verizon Communications Inc | VZ | 5,685 | $211,425 | 0.03% |
| 159 | Phillips 66 | PSX | 2,196 | $209,454 | 0.03% |
| 160 | Valero Energy Corp | VLO | 1,761 | $206,565 | 0.03% |
| 161 | Synopsys Inc | SNPS | 473 | $205,949 | 0.03% |
| 162 | Automatic Data Processing Inc | ADP | 931 | $204,624 | 0.03% |
| 163 | Barrick Gold Corp ADR | 067901108 | 11,000 | $186,230 | 0.02% |
| 164 | Palantir Technologies Inc | PLTR | 10,811 | $165,733 | 0.02% |
| 165 | Acutus Medical | 005111109 | 10,000 | $8,880 | 0.00% |
| 166 | Fathom Digital Mfg Corp | FTHM | 10,000 | $4,060 | 0.00% |
| 167 | Petroteq Energy Inc ADR | 71678B107 | 100,000 | $10 | 0.00% |