First Business Financial Services as of Dec. 31, 2025
Portfolio Holdings for First Business Financial Services
First Business Financial Services holds 168 positions in its portfolio as reported in the December 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 | 789k | 335.27 | |
| Ishares Core Msci Eafe Etf core msci eafe (IEFA) | 12.4 | $135M | 1.5M | 89.46 | |
| iShares Russell 1000 Growth Index (IWF) | 7.9 | $86M | 182k | 473.30 | |
| iShares S&P SmallCap 600 Index (IJR) | 5.4 | $59M | 493k | 120.18 | |
| Ishares Tr core div grwth (DGRO) | 5.2 | $57M | 822k | 69.42 | |
| iShares Russell 1000 Value Index (IWD) | 5.1 | $55M | 262k | 210.34 | |
| iShares S&P MidCap 400 Index (IJH) | 4.2 | $46M | 697k | 66.00 | |
| iShares Lehman Aggregate Bond (AGG) | 3.5 | $38M | 382k | 99.88 | |
| Spdr S&p 500 Etf (SPY) | 2.7 | $30M | 44k | 681.92 | |
| First Business Financial Services (FBIZ) | 1.8 | $20M | 361k | 54.30 | |
| NVIDIA Corporation (NVDA) | 1.6 | $18M | 95k | 186.50 | |
| Apple (AAPL) | 1.4 | $16M | 57k | 271.86 | |
| Broadcom (AVGO) | 1.2 | $13M | 38k | 346.10 | |
| Alphabet Inc Class A cs (GOOGL) | 1.1 | $12M | 39k | 313.00 | |
| J P Morgan Exchange Traded F ultra shrt (JPST) | 1.0 | $11M | 218k | 50.59 | |
| JPMorgan Chase & Co. (JPM) | 0.9 | $10M | 32k | 322.22 | |
| Microsoft Corporation (MSFT) | 0.8 | $8.5M | 18k | 483.62 | |
| Arista Networks (ANET) | 0.7 | $7.7M | 59k | 131.03 | |
| Ciena Corporation (CIEN) | 0.6 | $6.3M | 27k | 233.87 | |
| Eli Lilly & Co. (LLY) | 0.6 | $6.1M | 5.7k | 1074.68 | |
| Quanta Services (PWR) | 0.5 | $6.0M | 14k | 422.06 | |
| Technology SPDR (XLK) | 0.5 | $5.3M | 37k | 143.97 | |
| Ishares Tr Msci Usa Momentum Factor (MTUM) | 0.5 | $5.1M | 20k | 250.31 | |
| iShares S&P Natl AMTFr Mncpl Bd (MUB) | 0.4 | $4.8M | 45k | 107.11 | |
| AmerisourceBergen (COR) | 0.4 | $4.6M | 14k | 337.75 | |
| Lam Research (LRCX) | 0.4 | $4.6M | 27k | 171.18 | |
| Berkshire Hathaway (BRK.A) | 0.4 | $4.5M | 6.00 | 754800.00 | |
| Citigroup (C) | 0.4 | $4.2M | 36k | 116.69 | |
| iShares S&P 500 Index (IVV) | 0.4 | $4.0M | 5.9k | 684.94 | |
| Bank of America Corporation (BAC) | 0.4 | $3.9M | 71k | 55.00 | |
| Costco Wholesale Corporation (COST) | 0.3 | $3.6M | 4.2k | 862.34 | |
| Analog Devices (ADI) | 0.3 | $3.2M | 12k | 271.20 | |
| Exxon Mobil Corporation (XOM) | 0.3 | $3.2M | 27k | 120.34 | |
| Expedia (EXPE) | 0.3 | $3.1M | 11k | 283.31 | |
| Stryker Corporation (SYK) | 0.3 | $3.1M | 8.7k | 351.47 | |
| General Dynamics Corporation (GD) | 0.3 | $3.0M | 8.8k | 336.66 | |
| Nucor Corporation (NUE) | 0.3 | $2.9M | 18k | 163.11 | |
| Electronic Arts (EA) | 0.3 | $2.9M | 14k | 204.33 | |
| Metropcs Communications (TMUS) | 0.3 | $2.9M | 14k | 203.04 | |
| Prudential Financial (PRU) | 0.3 | $2.8M | 25k | 112.88 | |
| TJX Companies (TJX) | 0.3 | $2.8M | 18k | 153.61 | |
| Coca-Cola Company (KO) | 0.2 | $2.7M | 38k | 69.91 | |
| Republic Services (RSG) | 0.2 | $2.6M | 13k | 211.93 | |
| Facebook Inc cl a (META) | 0.2 | $2.5M | 3.8k | 660.09 | |
| Amazon (AMZN) | 0.2 | $2.5M | 11k | 230.82 | |
| Nextera Energy (NEE) | 0.2 | $2.4M | 30k | 80.28 | |
| Energy Select Sector SPDR (XLE) | 0.2 | $2.4M | 54k | 44.71 | |
| Intercontinental Exchange (ICE) | 0.2 | $2.4M | 15k | 161.96 | |
| Cisco Systems (CSCO) | 0.2 | $2.3M | 30k | 77.03 | |
| Equinix (EQIX) | 0.2 | $2.3M | 2.9k | 766.16 | |
| Industrial SPDR (XLI) | 0.2 | $2.2M | 14k | 155.12 | |
| Alphabet Inc Class C cs (GOOG) | 0.2 | $2.2M | 6.9k | 313.80 | |
| Texas Instruments Incorporated (TXN) | 0.2 | $2.1M | 12k | 173.49 | |
| SPDR Gold Trust (GLD) | 0.2 | $2.1M | 5.2k | 396.31 | |
| Toll Brothers (TOL) | 0.2 | $2.0M | 15k | 135.22 | |
| Lowe's Companies (LOW) | 0.2 | $2.0M | 8.4k | 241.16 | |
| Netflix (NFLX) | 0.2 | $1.9M | 20k | 93.76 | |
| Iqvia Holdings (IQV) | 0.2 | $1.8M | 7.9k | 225.41 | |
| Darden Restaurants (DRI) | 0.2 | $1.8M | 9.5k | 184.02 | |
| Philip Morris International (PM) | 0.2 | $1.7M | 11k | 160.40 | |
| iShares Russell 1000 Index (IWB) | 0.1 | $1.6M | 4.2k | 373.44 | |
| Qualcomm (QCOM) | 0.1 | $1.6M | 9.2k | 171.05 | |
| Abbvie (ABBV) | 0.1 | $1.6M | 6.8k | 228.49 | |
| Consumer Discretionary SPDR (XLY) | 0.1 | $1.5M | 13k | 119.41 | |
| Oshkosh Corporation (OSK) | 0.1 | $1.5M | 12k | 125.63 | |
| Palantir Technologies (PLTR) | 0.1 | $1.4M | 8.1k | 177.75 | |
| Kroger (KR) | 0.1 | $1.4M | 23k | 62.48 | |
| Schlumberger (SLB) | 0.1 | $1.4M | 36k | 38.38 | |
| Financial Select Sector SPDR (XLF) | 0.1 | $1.3M | 24k | 54.77 | |
| American Electric Power Company (AEP) | 0.1 | $1.3M | 11k | 115.31 | |
| Vanguard Small-Cap ETF (VB) | 0.1 | $1.3M | 5.0k | 257.95 | |
| Apollo Global Mgmt (APO) | 0.1 | $1.3M | 8.6k | 144.76 | |
| iShares Russell 2000 Index (IWM) | 0.1 | $1.2M | 5.0k | 246.16 | |
| Vanguard Telecommunication Services ETF (VOX) | 0.1 | $1.2M | 6.2k | 193.63 | |
| salesforce (CRM) | 0.1 | $1.1M | 4.3k | 264.91 | |
| Accenture (ACN) | 0.1 | $1.0M | 3.9k | 268.30 | |
| Berkshire Hathaway (BRK.B) | 0.1 | $1.0M | 2.0k | 502.65 | |
| iShares Russell 2000 Growth Index (IWO) | 0.1 | $1.0M | 3.1k | 323.01 | |
| Colgate-Palmolive Company (CL) | 0.1 | $978k | 12k | 79.02 | |
| Johnson & Johnson (JNJ) | 0.1 | $959k | 4.6k | 206.95 | |
| Merck & Co (MRK) | 0.1 | $927k | 8.8k | 105.26 | |
| Wal-Mart Stores (WMT) | 0.1 | $926k | 8.3k | 111.41 | |
| Procter & Gamble Company (PG) | 0.1 | $912k | 6.4k | 143.31 | |
| Blackrock (BLK) | 0.1 | $894k | 835.00 | 1070.34 | |
| TransDigm Group Incorporated (TDG) | 0.1 | $867k | 652.00 | 1329.85 | |
| Nushares Etf Tr a (NULV) | 0.1 | $864k | 19k | 45.05 | |
| Vanguard Mid-Cap ETF (VO) | 0.1 | $862k | 3.0k | 290.22 | |
| Select Sector Spdr Tr Communic etfeqty (XLC) | 0.1 | $861k | 7.3k | 117.72 | |
| Allegheny Technologies Incorporated (ATI) | 0.1 | $859k | 7.5k | 114.76 | |
| iShares Russell 2000 Value Index (IWN) | 0.1 | $834k | 4.6k | 181.21 | |
| Ishares Tr usa min vo (USMV) | 0.1 | $819k | 8.7k | 94.16 | |
| iShares Silver Trust (SLV) | 0.1 | $788k | 12k | 64.42 | |
| Asml Holding (ASML) | 0.1 | $783k | 732.00 | 1069.86 | |
| Corning Incorporated (GLW) | 0.1 | $733k | 8.4k | 87.56 | |
| Vanguard Growth ETF (VUG) | 0.1 | $733k | 1.5k | 487.86 | |
| Intuitive Surgical (ISRG) | 0.1 | $702k | 1.2k | 566.36 | |
| Abbott Laboratories (ABT) | 0.1 | $682k | 5.4k | 125.29 | |
| Advanced Micro Devices (AMD) | 0.1 | $674k | 3.1k | 214.16 | |
| McDonald's Corporation (MCD) | 0.1 | $669k | 2.2k | 305.63 | |
| Mondelez Int (MDLZ) | 0.1 | $652k | 12k | 53.83 | |
| Illinois Tool Works (ITW) | 0.1 | $642k | 2.6k | 246.30 | |
| Eaton (ETN) | 0.1 | $639k | 2.0k | 318.51 | |
| Home Depot (HD) | 0.1 | $593k | 1.7k | 344.10 | |
| Tetra Tech (TTEK) | 0.1 | $564k | 17k | 33.54 | |
| Pepsi (PEP) | 0.1 | $547k | 3.8k | 143.52 | |
| American Express Company (AXP) | 0.1 | $545k | 1.5k | 369.95 | |
| Te Connectivity (TEL) | 0.0 | $540k | 2.4k | 227.51 | |
| SPDR S&P MidCap 400 ETF (MDY) | 0.0 | $535k | 887.00 | 603.28 | |
| International Business Machines (IBM) | 0.0 | $523k | 1.8k | 296.21 | |
| Thomson Reuters Corp. (TRI) | 0.0 | $520k | 3.9k | 131.89 | |
| Vanguard Value ETF (VTV) | 0.0 | $514k | 2.7k | 190.99 | |
| MasterCard Incorporated (MA) | 0.0 | $504k | 883.00 | 570.88 | |
| Ameriprise Financial (AMP) | 0.0 | $498k | 1.0k | 490.34 | |
| iShares MSCI EAFE Index Fund (EFA) | 0.0 | $492k | 5.1k | 96.03 | |
| MGE Energy (MGEE) | 0.0 | $490k | 6.3k | 78.42 | |
| Aon (AON) | 0.0 | $488k | 1.4k | 352.88 | |
| Altc Acquisition Corp (OKLO) | 0.0 | $477k | 6.7k | 71.76 | |
| Wey (WEYS) | 0.0 | $433k | 14k | 30.59 | |
| Visa (V) | 0.0 | $430k | 1.2k | 350.71 | |
| McKesson Corporation (MCK) | 0.0 | $429k | 523.00 | 820.29 | |
| Cummins (CMI) | 0.0 | $421k | 824.00 | 510.45 | |
| Chevron Corporation (CVX) | 0.0 | $416k | 2.7k | 152.41 | |
| Parker-Hannifin Corporation (PH) | 0.0 | $413k | 470.00 | 878.96 | |
| Altria (MO) | 0.0 | $410k | 7.1k | 57.66 | |
| Vanguard Europe Pacific ETF (VEA) | 0.0 | $402k | 6.4k | 62.47 | |
| iShares MSCI ACWI ex US Index Fund (ACWX) | 0.0 | $396k | 5.9k | 67.13 | |
| Vanguard Information Technology ETF (VGT) | 0.0 | $391k | 519.00 | 753.78 | |
| Southern Company (SO) | 0.0 | $387k | 4.4k | 87.20 | |
| Cintas Corporation (CTAS) | 0.0 | $386k | 2.1k | 188.07 | |
| Caterpillar (CAT) | 0.0 | $385k | 672.00 | 572.87 | |
| Capital One Financial (COF) | 0.0 | $377k | 1.6k | 242.36 | |
| Morgan Stanley (MS) | 0.0 | $369k | 2.1k | 177.53 | |
| General Electric (GE) | 0.0 | $366k | 1.2k | 308.03 | |
| Waste Management (WM) | 0.0 | $365k | 1.7k | 219.71 | |
| Duke Energy (DUK) | 0.0 | $360k | 3.1k | 117.21 | |
| Amdocs Ltd ord (DOX) | 0.0 | $358k | 4.5k | 80.51 | |
| Alliant Energy Corporation (LNT) | 0.0 | $354k | 5.4k | 65.01 | |
| Oracle Corporation (ORCL) | 0.0 | $350k | 1.8k | 194.91 | |
| Utilities SPDR (XLU) | 0.0 | $337k | 7.9k | 42.69 | |
| iShares S&P Global Technology Sect. (IXN) | 0.0 | $330k | 3.1k | 105.00 | |
| Union Pacific Corporation (UNP) | 0.0 | $329k | 1.4k | 231.32 | |
| Goldman Sachs (GS) | 0.0 | $326k | 371.00 | 879.00 | |
| Bank Of Montreal Cadcom (BMO) | 0.0 | $320k | 2.5k | 129.79 | |
| Xcel Energy (XEL) | 0.0 | $309k | 4.2k | 73.86 | |
| Servicenow (NOW) | 0.0 | $305k | 2.0k | 153.19 | |
| Woodward Governor Company (WWD) | 0.0 | $302k | 1.0k | 302.32 | |
| UnitedHealth (UNH) | 0.0 | $290k | 879.00 | 330.11 | |
| U.S. Bancorp (USB) | 0.0 | $288k | 5.4k | 53.36 | |
| Charles Schwab Corporation (SCHW) | 0.0 | $288k | 2.9k | 99.91 | |
| PNC Financial Services (PNC) | 0.0 | $281k | 1.3k | 208.73 | |
| Applied Materials (AMAT) | 0.0 | $277k | 1.1k | 256.99 | |
| Strattec Security (STRT) | 0.0 | $274k | 3.6k | 76.14 | |
| Arthur J. Gallagher & Co. (AJG) | 0.0 | $268k | 1.0k | 258.79 | |
| Marvell Technology (MRVL) | 0.0 | $265k | 3.1k | 84.98 | |
| Fidelity National Information Services (FIS) | 0.0 | $263k | 4.0k | 66.46 | |
| Walt Disney Company (DIS) | 0.0 | $260k | 2.3k | 113.77 | |
| Charles River Laboratories (CRL) | 0.0 | $259k | 1.3k | 199.48 | |
| Global X Fds us infr dev (PAVE) | 0.0 | $258k | 5.4k | 47.79 | |
| Rockwell Automation (ROK) | 0.0 | $252k | 648.00 | 389.07 | |
| iShares S&P 500 Growth Index (IVW) | 0.0 | $238k | 1.9k | 123.26 | |
| Thermo Fisher Scientific (TMO) | 0.0 | $238k | 411.00 | 579.45 | |
| Fidelity Covington Trust (FELG) | 0.0 | $238k | 5.7k | 41.70 | |
| Wells Fargo & Company (WFC) | 0.0 | $231k | 2.5k | 93.20 | |
| wisdomtreetrusdivd.. (DGRW) | 0.0 | $227k | 2.5k | 89.43 | |
| EXACT Sciences Corporation (EXAS) | 0.0 | $225k | 2.2k | 101.56 | |
| Truist Financial Corp equities (TFC) | 0.0 | $211k | 4.3k | 49.21 | |
| Gilead Sciences (GILD) | 0.0 | $210k | 1.7k | 122.74 | |
| Under Armour Inc Cl C (UA) | 0.0 | $48k | 10k | 4.80 |
