First Business Financial Services as of Sept. 30, 2025
Portfolio Holdings for First Business Financial Services
First Business Financial Services holds 185 positions in its portfolio as reported in the September 2025 quarterly 13F filing
| Company (Ticker) | Portfolio Weight | Valued At | Change in Shares | Share Count | Share Price |
|---|---|---|---|---|---|
| Vanguard Total Stock Market ETF (VTI) | 24.3 | $265M | 807k | 328.17 | |
| Ishares Core Msci Eafe Etf core msci eafe (IEFA) | 12.2 | $133M | 1.5M | 87.31 | |
| iShares Russell 1000 Growth Index (IWF) | 8.1 | $88M | 188k | 468.41 | |
| iShares S&P SmallCap 600 Index (IJR) | 5.4 | $59M | 499k | 118.83 | |
| Ishares Tr core div grwth (DGRO) | 5.1 | $56M | 824k | 68.08 | |
| iShares Russell 1000 Value Index (IWD) | 5.0 | $54M | 265k | 203.59 | |
| iShares S&P MidCap 400 Index (IJH) | 4.2 | $46M | 704k | 65.26 | |
| iShares Lehman Aggregate Bond (AGG) | 3.3 | $36M | 363k | 100.25 | |
| Spdr S&p 500 Etf (SPY) | 2.7 | $29M | 44k | 666.18 | |
| First Business Financial Services (FBIZ) | 1.8 | $19M | 374k | 51.26 | |
| NVIDIA Corporation (NVDA) | 1.6 | $18M | 94k | 186.58 | |
| Apple (AAPL) | 1.3 | $14M | 57k | 254.63 | |
| Broadcom (AVGO) | 1.1 | $12M | 37k | 329.91 | |
| J P Morgan Exchange Traded F ultra shrt (JPST) | 0.9 | $10M | 203k | 50.73 | |
| JPMorgan Chase & Co. (JPM) | 0.9 | $10M | 32k | 315.43 | |
| Microsoft Corporation (MSFT) | 0.9 | $9.7M | 19k | 517.95 | |
| Alphabet Inc Class A cs (GOOGL) | 0.9 | $9.3M | 38k | 243.10 | |
| Arista Networks (ANET) | 0.8 | $8.3M | 57k | 145.71 | |
| Caterpillar (CAT) | 0.6 | $7.0M | 15k | 477.15 | |
| Quanta Services (PWR) | 0.5 | $5.7M | 14k | 414.42 | |
| Ishares Tr Msci Usa Momentum Factor (MTUM) | 0.5 | $5.2M | 20k | 256.45 | |
| Technology SPDR (XLK) | 0.5 | $5.1M | 18k | 281.86 | |
| iShares S&P Natl AMTFr Mncpl Bd (MUB) | 0.4 | $4.6M | 44k | 106.49 | |
| Deere & Company (DE) | 0.4 | $4.6M | 10k | 457.26 | |
| Berkshire Hathaway (BRK.A) | 0.4 | $4.5M | 6.00 | 754200.00 | |
| Eli Lilly & Co. (LLY) | 0.4 | $4.3M | 5.6k | 763.00 | |
| AmerisourceBergen (COR) | 0.4 | $4.2M | 13k | 312.53 | |
| iShares S&P 500 Index (IVV) | 0.4 | $3.9M | 5.9k | 669.30 | |
| Costco Wholesale Corporation (COST) | 0.4 | $3.9M | 4.2k | 925.63 | |
| Ciena Corporation (CIEN) | 0.3 | $3.8M | 26k | 145.67 | |
| MGE Energy (MGEE) | 0.3 | $3.7M | 44k | 84.18 | |
| Bank of America Corporation (BAC) | 0.3 | $3.6M | 70k | 51.59 | |
| Citigroup (C) | 0.3 | $3.5M | 35k | 101.50 | |
| Lam Research (LRCX) | 0.3 | $3.5M | 26k | 133.90 | |
| Metropcs Communications (TMUS) | 0.3 | $3.3M | 14k | 239.38 | |
| Stryker Corporation (SYK) | 0.3 | $3.1M | 8.4k | 369.67 | |
| Exxon Mobil Corporation (XOM) | 0.3 | $3.0M | 26k | 112.75 | |
| Electronic Arts (EA) | 0.3 | $3.0M | 15k | 201.70 | |
| Republic Services (RSG) | 0.3 | $2.9M | 13k | 229.48 | |
| General Dynamics Corporation (GD) | 0.3 | $2.9M | 8.5k | 341.00 | |
| Analog Devices (ADI) | 0.3 | $2.9M | 12k | 245.70 | |
| TJX Companies (TJX) | 0.2 | $2.6M | 18k | 144.54 | |
| Coca-Cola Company (KO) | 0.2 | $2.5M | 38k | 66.32 | |
| Energy Select Sector SPDR (XLE) | 0.2 | $2.4M | 27k | 89.34 | |
| Intercontinental Exchange (ICE) | 0.2 | $2.4M | 14k | 168.48 | |
| Amazon (AMZN) | 0.2 | $2.4M | 11k | 219.57 | |
| Netflix (NFLX) | 0.2 | $2.4M | 2.0k | 1198.92 | |
| Nucor Corporation (NUE) | 0.2 | $2.3M | 17k | 135.43 | |
| Expedia (EXPE) | 0.2 | $2.3M | 11k | 213.75 | |
| Nextera Energy (NEE) | 0.2 | $2.2M | 30k | 75.49 | |
| Equinix (EQIX) | 0.2 | $2.2M | 2.8k | 783.24 | |
| Texas Instruments Incorporated (TXN) | 0.2 | $2.2M | 12k | 183.73 | |
| Industrial SPDR (XLI) | 0.2 | $2.2M | 14k | 154.23 | |
| Cisco Systems (CSCO) | 0.2 | $2.1M | 31k | 68.42 | |
| Lowe's Companies (LOW) | 0.2 | $2.0M | 8.1k | 251.31 | |
| Toll Brothers (TOL) | 0.2 | $2.0M | 15k | 138.14 | |
| SPDR Gold Trust (GLD) | 0.2 | $1.8M | 5.2k | 355.47 | |
| Prudential Financial (PRU) | 0.2 | $1.8M | 17k | 103.74 | |
| Alphabet Inc Class C cs (GOOG) | 0.2 | $1.8M | 7.2k | 243.55 | |
| Darden Restaurants (DRI) | 0.2 | $1.8M | 9.2k | 190.36 | |
| Philip Morris International (PM) | 0.2 | $1.7M | 11k | 162.20 | |
| Abbvie (ABBV) | 0.2 | $1.7M | 7.3k | 231.54 | |
| Iqvia Holdings (IQV) | 0.1 | $1.6M | 8.4k | 189.94 | |
| iShares Russell 1000 Index (IWB) | 0.1 | $1.6M | 4.2k | 365.48 | |
| EOG Resources (EOG) | 0.1 | $1.5M | 14k | 112.12 | |
| Consumer Discretionary SPDR (XLY) | 0.1 | $1.5M | 6.5k | 239.64 | |
| Oshkosh Corporation (OSK) | 0.1 | $1.5M | 12k | 129.70 | |
| Qualcomm (QCOM) | 0.1 | $1.5M | 9.0k | 166.36 | |
| Palantir Technologies (PLTR) | 0.1 | $1.5M | 8.1k | 182.42 | |
| Kroger (KR) | 0.1 | $1.5M | 22k | 67.41 | |
| Schlumberger (SLB) | 0.1 | $1.4M | 40k | 34.37 | |
| Financial Select Sector SPDR (XLF) | 0.1 | $1.3M | 24k | 53.87 | |
| Vanguard Small-Cap ETF (VB) | 0.1 | $1.3M | 5.0k | 254.28 | |
| iShares Russell 2000 Index (IWM) | 0.1 | $1.2M | 5.0k | 241.96 | |
| American Electric Power Company (AEP) | 0.1 | $1.2M | 11k | 112.50 | |
| Ameren Corporation (AEE) | 0.1 | $1.2M | 11k | 104.38 | |
| Vanguard Telecommunication Services ETF (VOX) | 0.1 | $1.2M | 6.2k | 187.73 | |
| Procter & Gamble Company (PG) | 0.1 | $1.1M | 7.3k | 153.65 | |
| Apollo Global Mgmt (APO) | 0.1 | $1.1M | 8.0k | 133.27 | |
| Alliant Energy Corporation (LNT) | 0.1 | $1.1M | 16k | 67.41 | |
| Berkshire Hathaway (BRK.B) | 0.1 | $1.0M | 2.0k | 502.74 | |
| Accenture (ACN) | 0.1 | $1.0M | 4.2k | 246.60 | |
| iShares Russell 2000 Growth Index (IWO) | 0.1 | $1.0M | 3.1k | 320.04 | |
| salesforce (CRM) | 0.1 | $981k | 4.1k | 237.00 | |
| Blackrock (BLK) | 0.1 | $969k | 831.00 | 1165.87 | |
| Colgate-Palmolive Company (CL) | 0.1 | $922k | 12k | 79.94 | |
| Nushares Etf Tr a (NULV) | 0.1 | $921k | 21k | 43.83 | |
| Johnson & Johnson (JNJ) | 0.1 | $917k | 4.9k | 185.42 | |
| Wal-Mart Stores (WMT) | 0.1 | $886k | 8.6k | 103.06 | |
| Chevron Corporation (CVX) | 0.1 | $877k | 5.6k | 155.29 | |
| Vanguard Mid-Cap ETF (VO) | 0.1 | $872k | 3.0k | 293.74 | |
| TransDigm Group Incorporated (TDG) | 0.1 | $859k | 652.00 | 1318.02 | |
| Facebook Inc cl a (META) | 0.1 | $836k | 1.1k | 734.38 | |
| Select Sector Spdr Tr Communic etfeqty (XLC) | 0.1 | $835k | 7.1k | 118.37 | |
| Ishares Tr usa min vo (USMV) | 0.1 | $827k | 8.7k | 95.14 | |
| iShares Russell 2000 Value Index (IWN) | 0.1 | $814k | 4.6k | 176.81 | |
| Mondelez Int (MDLZ) | 0.1 | $811k | 13k | 62.47 | |
| Illinois Tool Works (ITW) | 0.1 | $784k | 3.0k | 260.76 | |
| Eaton (ETN) | 0.1 | $772k | 2.1k | 374.25 | |
| Altc Acquisition Corp (OKLO) | 0.1 | $742k | 6.7k | 111.63 | |
| Merck & Co (MRK) | 0.1 | $741k | 8.8k | 83.93 | |
| Abbott Laboratories (ABT) | 0.1 | $729k | 5.4k | 133.94 | |
| Home Depot (HD) | 0.1 | $727k | 1.8k | 405.19 | |
| Vanguard Growth ETF (VUG) | 0.1 | $720k | 1.5k | 479.61 | |
| Asml Holding (ASML) | 0.1 | $714k | 737.00 | 968.09 | |
| Pepsi (PEP) | 0.1 | $708k | 5.0k | 140.44 | |
| Corning Incorporated (GLW) | 0.1 | $687k | 8.4k | 82.03 | |
| Southern Company (SO) | 0.1 | $685k | 7.2k | 94.77 | |
| McDonald's Corporation (MCD) | 0.1 | $677k | 2.2k | 303.89 | |
| PNC Financial Services (PNC) | 0.1 | $671k | 3.3k | 200.93 | |
| Douglas Dynamics (PLOW) | 0.1 | $625k | 20k | 31.26 | |
| Te Connectivity (TEL) | 0.1 | $615k | 2.8k | 219.53 | |
| Thomson Reuters Corp. (TRI) | 0.1 | $612k | 3.9k | 155.33 | |
| Allegheny Technologies Incorporated (ATI) | 0.1 | $609k | 7.5k | 81.34 | |
| Tetra Tech (TTEK) | 0.1 | $586k | 18k | 33.38 | |
| Advanced Micro Devices (AMD) | 0.1 | $572k | 3.5k | 161.79 | |
| Intuitive Surgical (ISRG) | 0.1 | $560k | 1.3k | 447.23 | |
| U.S. Bancorp (USB) | 0.1 | $549k | 11k | 48.33 | |
| International Business Machines (IBM) | 0.1 | $547k | 1.9k | 282.16 | |
| SPDR S&P MidCap 400 ETF (MDY) | 0.0 | $529k | 887.00 | 596.03 | |
| iShares Silver Trust (SLV) | 0.0 | $518k | 12k | 42.37 | |
| Oracle Corporation (ORCL) | 0.0 | $510k | 1.8k | 281.24 | |
| MasterCard Incorporated (MA) | 0.0 | $503k | 885.00 | 568.81 | |
| Vanguard Value ETF (VTV) | 0.0 | $502k | 2.7k | 186.49 | |
| Ameriprise Financial (AMP) | 0.0 | $499k | 1.0k | 491.25 | |
| Aon (AON) | 0.0 | $494k | 1.4k | 356.58 | |
| American Express Company (AXP) | 0.0 | $488k | 1.5k | 332.16 | |
| iShares MSCI EAFE Index Fund (EFA) | 0.0 | $479k | 5.1k | 93.37 | |
| Altria (MO) | 0.0 | $470k | 7.1k | 66.06 | |
| Visa (V) | 0.0 | $462k | 1.4k | 341.38 | |
| Wey (WEYS) | 0.0 | $426k | 14k | 30.09 | |
| Cintas Corporation (CTAS) | 0.0 | $421k | 2.1k | 205.26 | |
| Capital One Financial (COF) | 0.0 | $416k | 2.0k | 212.58 | |
| McKesson Corporation (MCK) | 0.0 | $404k | 523.00 | 772.54 | |
| Duke Energy (DUK) | 0.0 | $402k | 3.2k | 123.75 | |
| Vanguard Europe Pacific ETF (VEA) | 0.0 | $390k | 6.5k | 59.92 | |
| Waste Management (WM) | 0.0 | $388k | 1.8k | 220.83 | |
| Vanguard Information Technology ETF (VGT) | 0.0 | $388k | 519.00 | 746.63 | |
| iShares MSCI ACWI ex US Index Fund (ACWX) | 0.0 | $384k | 5.9k | 65.01 | |
| Union Pacific Corporation (UNP) | 0.0 | $383k | 1.6k | 236.37 | |
| Toro Company (TTC) | 0.0 | $381k | 5.0k | 76.20 | |
| Charles Schwab Corporation (SCHW) | 0.0 | $375k | 3.9k | 95.47 | |
| Servicenow (NOW) | 0.0 | $371k | 403.00 | 920.28 | |
| Amdocs Ltd ord (DOX) | 0.0 | $365k | 4.5k | 82.05 | |
| General Electric (GE) | 0.0 | $359k | 1.2k | 300.82 | |
| Parker-Hannifin Corporation (PH) | 0.0 | $356k | 470.00 | 758.15 | |
| Cummins (CMI) | 0.0 | $348k | 824.00 | 422.37 | |
| Xcel Energy (XEL) | 0.0 | $348k | 4.3k | 80.65 | |
| Utilities SPDR (XLU) | 0.0 | $345k | 4.0k | 87.21 | |
| UnitedHealth (UNH) | 0.0 | $340k | 984.00 | 345.30 | |
| Walt Disney Company (DIS) | 0.0 | $334k | 2.9k | 114.50 | |
| Morgan Stanley (MS) | 0.0 | $331k | 2.1k | 158.96 | |
| Goldman Sachs (GS) | 0.0 | $327k | 411.00 | 796.35 | |
| Howmet Aerospace (HWM) | 0.0 | $327k | 1.7k | 196.23 | |
| Bank Of Montreal Cadcom (BMO) | 0.0 | $325k | 2.5k | 130.25 | |
| iShares S&P Global Technology Sect. (IXN) | 0.0 | $324k | 3.1k | 103.21 | |
| Arthur J. Gallagher & Co. (AJG) | 0.0 | $321k | 1.0k | 309.74 | |
| Rockwell Automation (ROK) | 0.0 | $303k | 867.00 | 349.53 | |
| Marvell Technology (MRVL) | 0.0 | $264k | 3.1k | 84.07 | |
| Fidelity National Information Services (FIS) | 0.0 | $261k | 4.0k | 65.94 | |
| Global X Fds us infr dev (PAVE) | 0.0 | $257k | 5.4k | 47.63 | |
| Woodward Governor Company (WWD) | 0.0 | $253k | 1.0k | 252.71 | |
| Hca Holdings (HCA) | 0.0 | $252k | 591.00 | 426.20 | |
| Strattec Security (STRT) | 0.0 | $245k | 3.6k | 68.06 | |
| At&t (T) | 0.0 | $244k | 8.6k | 28.24 | |
| Ge Vernova (GEV) | 0.0 | $240k | 390.00 | 614.90 | |
| Nice Systems (NICE) | 0.0 | $235k | 1.6k | 144.78 | |
| Fidelity Covington Trust (FELG) | 0.0 | $234k | 5.7k | 41.12 | |
| iShares S&P 500 Growth Index (IVW) | 0.0 | $233k | 1.9k | 120.72 | |
| Applied Materials (AMAT) | 0.0 | $228k | 1.1k | 204.74 | |
| Nike (NKE) | 0.0 | $226k | 3.2k | 69.73 | |
| wisdomtreetrusdivd.. (DGRW) | 0.0 | $226k | 2.5k | 88.96 | |
| Paypal Holdings (PYPL) | 0.0 | $222k | 3.3k | 67.06 | |
| Phillips 66 (PSX) | 0.0 | $222k | 1.6k | 136.02 | |
| Microchip Technology (MCHP) | 0.0 | $216k | 3.4k | 64.22 | |
| Marathon Petroleum Corp (MPC) | 0.0 | $215k | 1.1k | 192.74 | |
| Thermo Fisher Scientific (TMO) | 0.0 | $214k | 442.00 | 485.02 | |
| Intel Corporation (INTC) | 0.0 | $213k | 6.3k | 33.55 | |
| PPL Corporation (PPL) | 0.0 | $206k | 5.6k | 37.16 | |
| Charles River Laboratories (CRL) | 0.0 | $203k | 1.3k | 156.46 | |
| Wells Fargo & Company (WFC) | 0.0 | $203k | 2.4k | 83.82 | |
| Gilead Sciences (GILD) | 0.0 | $201k | 1.8k | 111.00 | |
| iShares S&P Global Clean Energy Index (ICLN) | 0.0 | $170k | 11k | 15.48 | |
| Under Armour Inc Cl C (UA) | 0.0 | $48k | 10k | 4.83 | |
| Gopro (GPRO) | 0.0 | $21k | 10k | 2.12 |
