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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 (Amended)

FIRST BUSINESS FINANCIAL SERVICES, INC.

Quarter ended Q1 2024 · Filed May 15, 2024 · Accession 0001521951-24-000044

Total Value
$932.5M
Positions
165
Other Managers
0
Confidential Omitted
No
View on SEC.gov

Holdings (165)

#IssuerTicker / CUSIPSharesValue% of Filing
1Vanguard Total Stock Market ET922908769905,085$235.2M25.22%
2iShares Core MSCI EAFE ETF46432F8421,661,809$123.3M13.23%
3iShares Russell 1000 Growth ET464287614212,689$71.7M7.69%
4iShares Core S&P Small-Cap ETF464287804557,631$61.6M6.61%
5iShares Core Dividend Growth46434V621910,361$52.9M5.67%
6iShares Russell 1000 Value ETF464287598288,324$51.6M5.54%
7iShares Core S&P Mid-Cap ETF464287507763,417$46.4M4.97%
8iShares Core US Aggregate Bond464287226460,699$45.1M4.84%
9SPDR S&P 500 ETFSPY44,033$23.0M2.47%
10First Business Financial Servi319390100350,190$13.1M1.41%
11JPMorgan Ultra-Short Income ET46641Q837224,625$11.3M1.22%
12Apple IncAAPL51,765$8.9M0.95%
13Microsoft CorpMSFT17,516$7.4M0.79%
14Nvidia CorpNVDA6,880$6.2M0.67%
15JPMorgan Chase & CoVYLD29,102$5.8M0.63%
16Fiserv IncFISV36,173$5.8M0.62%
17Alphabet Inc Cap Stk Cl AGOOG35,714$5.4M0.58%
18Broadcom IncAVGO3,764$5.0M0.53%
19Lilly Eli CoLLY5,301$4.1M0.44%
20Arista Networks IncANET13,181$3.8M0.41%
21iShares Edge MSCI USA Momentum46432F39620,335$3.8M0.41%
22iShares S&P 500 Core4642872005,873$3.1M0.33%
23CENCORA INCCOR12,176$3.0M0.32%
24Quanta Services Inc74762E10210,968$2.8M0.31%
25Technology Select Sector SPDR81369Y80313,385$2.8M0.30%
26Exxon Mobil CorpXOM23,173$2.7M0.29%
27Lam Research CorporationLRCX2,772$2.7M0.29%
28Analog Devices IncADI13,137$2.6M0.28%
29Accenture PLCACN7,410$2.6M0.28%
30Energy Select Sector SPDR ETF81369Y50627,122$2.6M0.27%
31Citigroup IncC-PR37,970$2.4M0.26%
32Costco Wholesale Corp22160K1053,272$2.4M0.26%
33Stryker CorpSYK6,665$2.4M0.26%
34Cisco Systems IncCSCO45,625$2.3M0.24%
35Pepsico IncPEP12,588$2.2M0.24%
36Iqvia Holdings IncIQV8,521$2.2M0.23%
37Republic Services Inc76075910011,216$2.1M0.23%
38T Mobile US IncTMUSZ13,047$2.1M0.23%
39Lowe's Companies Inc5486611078,349$2.1M0.23%
40Walt Disney Company25468710616,886$2.1M0.22%
41Adobe IncADBE4,086$2.1M0.22%
42Bank Of America Corp06050510454,366$2.1M0.22%
43UnitedHealth Group IncUNH4,166$2.1M0.22%
44Prudential Financial IncPUKPF16,484$1.9M0.21%
45CSX Corp ComCSX51,647$1.9M0.21%
46Intercontinental Exchange Inc45866F10413,770$1.9M0.20%
47TJX Companies Inc87254010918,417$1.9M0.20%
48Texas Instruments Inc88250810410,715$1.9M0.20%
49Corteva Inc ComCTVA32,303$1.9M0.20%
50Electronic Arts IncEA13,567$1.8M0.19%
51Industrials Select Sector SPDR81369Y70414,013$1.8M0.19%
52Schlumberger LtdSLB31,986$1.8M0.19%
53iShares Russell 1000 ETF4642876225,578$1.6M0.17%
54Qualcomm IncQCOM9,373$1.6M0.17%
55General Dynamics CorpGD5,542$1.6M0.17%
56Abbvie Inc ComABBV8,558$1.6M0.17%
57Amazon.com IncAMZN8,625$1.6M0.17%
58Darden Restaurants IncDRI9,232$1.5M0.17%
59Coca-Cola CoKO23,785$1.5M0.16%
60Procter & Gamble Co7427181098,858$1.4M0.15%
61Kroger CoKR24,481$1.4M0.15%
62iShares Edge MSCI Min Vol USA46429B69715,793$1.3M0.14%
63Merck & Co IncMRK9,885$1.3M0.14%
64Expedia Group Inc NewEXPE9,209$1.3M0.14%
65Amgen IncAMGN4,417$1.3M0.13%
66Elevance Health INCELV2,404$1.2M0.13%
67iShares Russell 20004642876555,923$1.2M0.13%
68Johnson Controls Intl, PLCG5150210518,878$1.2M0.13%
69EOG Res IncEOG9,559$1.2M0.13%
70Vanguard Small-Cap ETF9229087515,129$1.2M0.13%
71Alphabet Inc Cap Stk Cl CGOOG7,490$1.1M0.12%
72Spdr Gold Trust ShsGLD5,500$1.1M0.12%
73Consumer Discr Select Sect SPD81369Y4075,651$1.0M0.11%
74Philip Morris International In71817210911,186$1.0M0.11%
75Financial Select Sector SPDR E81369Y60524,095$1.0M0.11%
76Mondelez Intl Inc Class A60920710514,387$1.0M0.11%
77Essential Utilities, Inc29670G10226,753$991,1990.11%
78Illinois Tool Works Inc4523081093,331$893,8070.10%
79Chevron CorpCVX5,569$878,4540.09%
80Ciena CorpCIEN17,401$860,4790.09%
81American Tower Corp03027X1004,302$850,0320.09%
82iShares Russell 2000 Growth4642876483,132$848,1460.09%
83Johnson & JohnsonJNJ5,324$842,2040.09%
84Vanguard Communication SVCS ET92204A8846,200$813,5640.09%
85Transdigm Group IncTDG652$803,0030.09%
86Intel CorpINTC17,594$777,1270.08%
87Berkshire Hathaway INC-CL BBRK-A1,786$751,0490.08%
88Home Depot IncHD1,936$742,6500.08%
89Advanced Micro Devices IncAMD4,081$736,5800.08%
90iShares Russell 2000 Value4642876304,604$731,1610.08%
91Vanguard Mid-Cap ETF9229086292,832$707,6040.08%
92McDonald's CorpMCD2,480$699,2360.07%
93BlackRock IncBLK830$691,9710.07%
94Abbott LaboratoriesABLZF6,063$689,1210.07%
95Allegheny Technologies IncATI13,455$688,4920.07%
96Tetra Tech Inc NewTTEK3,511$648,5170.07%
97Eaton Corp PLCETN2,042$638,4930.07%
98Thomson Reuters Corp.TMSOF3,942$614,2820.07%
99PNC Financial Services Group I6934751053,713$600,0210.06%
100MGE Energy IncMGEE7,338$577,6470.06%
101Communication Sector Select SP81369Y8527,057$576,2750.06%
102Air Prods Chems IncAIIR2,370$574,1800.06%
103Aon PLC Shs Cl AAON1,632$544,6310.06%
104Nike IncNKE5,713$536,9080.06%
105Vanguard Index Growth9229087361,502$516,9880.06%
106Nice Ltd Sponsored ADRNCSYF1,963$511,5970.05%
107SPDRA S&P MidCap 400 ETFMDY917$510,2190.05%
108Intuitive Surgical IncISRG1,240$494,8720.05%
109Meta Platforms IncMETA998$484,6090.05%
110Ameriprise Financial Inc03076C1061,093$479,2150.05%
111Wal-Mart IncWMT7,878$474,0190.05%
112Amdocs Ltd ADRDOX5,218$471,5510.05%
113Nuveen ESG Large Cap ValueNU11,846$460,3360.05%
114Vanguard Index Value9229087442,689$437,9310.05%
115Mastercard Inc Cl AMA875$421,3740.05%
116Cintas CorporationCTAS612$420,4620.05%
117US BancorpUSB-PS9,342$417,5870.04%
118iShares MSCI EAFE ETF4642874655,128$409,5220.04%
119TE Connectivity LtdTEL2,800$406,6720.04%
120Union Pacific CorpUNP1,619$398,1610.04%
121Fidelity National Information31620M1065,284$391,9670.04%
122Visa IncV1,386$386,8050.04%
123Weyco Group IncWEYS12,096$385,6200.04%
124Novo Nordisk A/S ADRNONOF2,934$376,7260.04%
125Corning IncGLW11,406$375,9420.04%
126Altria Group IncMO8,116$354,0200.04%
127Waste Mgmt Inc Del94106L1091,657$353,1900.04%
128Charles River Labs Intl1598641071,300$352,2350.04%
129International Business MachineINTR1,787$341,2460.04%
130Microchip Technology IncMCHPP3,762$337,4890.04%
131American Express COAXP1,447$329,4670.04%
132Vanguard FTSE Developed Market9219438586,514$326,8070.04%
133Arthur J. Gallagher & Co3635761091,287$321,8010.03%
134iShares MSCI ACWI ex US4642882405,905$315,2680.03%
135The Charles Schwab CorpSCHW-PJ4,041$292,3260.03%
136Pfizer IncPFE10,350$287,2130.03%
137McKesson CorpMCK523$280,7730.03%
138Vanguard Information Technolog92204A702519$272,1320.03%
139Valero Energy CorpVLO1,574$268,6660.03%
140Cummins IncCMI904$266,3640.03%
141Ark Innovation00214Q1045,224$261,6180.03%
142Starbucks CorpSBUX2,835$259,0910.03%
143Nextera Energy IncNEE-PW4,019$256,8540.03%
144Rockwell Automation IncROK867$252,5830.03%
145Palantir Technologies IncPLTR10,811$248,7610.03%
146Parker Hannifin CorpPH445$247,3270.03%
147Kimberly-Clark CorpKMB1,908$246,8000.03%
148Caterpillar IncCAT663$242,9430.03%
149Paypal Hldgs IncPYPL3,549$237,7480.03%
150Ishares Tr Global Tech ETF4642872913,143$235,1280.03%
151Danaher Corp235851102933$232,9890.02%
152Applied Materials Inc0382221051,114$229,7400.02%
153Marathon Petroleum CorpMARA1,126$226,8890.02%
154Verizon Communications IncVZ5,388$226,0800.02%
155Marvell Technology Group LTDMRVL3,177$225,1860.02%
156Phillips 66PSX1,378$225,0830.02%
157Alliant Energy CorpLNT4,414$222,4660.02%
158Bristol Myers Squibb CoCELG-RI3,998$216,8120.02%
159Thermo Fisher Scientific IncTMO365$212,1420.02%
160Genuine Parts CoGPC1,313$203,4230.02%
161GE Aerospace3696043011,146$201,1570.02%
162Xcel Energy Inc.XELLL3,737$200,8640.02%
163Barrick Gold Corp ADR06790110811,000$183,0400.02%
164Ford Motor Co34537086011,789$156,5580.02%
165Terran Orbital Corporation88105P10310,000$13,1000.00%