FIRST BUSINESS FINANCIAL SERVICES, INC.

Est. AUM

$1.12B

13F long equity, this entity only

Positions

192

Period

Mar 2026 (Q1)

SEC EDGAR

View filings ↗

Mar 2026 (Q1)

#	Issuer	Class	Value	Shares	% Portfolio	Discretion
1	Vanguard Total Stock Market ET	Com	$255.7M	797187	22.74%	SOLE
2	iShares Core MSCI EAFE ETF	Com	$140.9M	1556046	12.52%	SOLE
3	iShares Russell 1000 Growth ET	Com	$78.2M	183308	6.95%	SOLE
4	iShares Core S&P Small-Cap ETF	Com	$62.3M	500941	5.54%	SOLE
5	iShares Core Dividend Growth	Com	$58.6M	835155	5.21%	SOLE
6	iShares Russell 1000 Value ETF	Com	$56.9M	266206	5.06%	SOLE
7	iShares Core S&P Mid-Cap ETF	Com	$47.8M	707534	4.25%	SOLE
8	iShares Core US Aggregate Bond	Com	$37.3M	375696	3.32%	SOLE
9	State Street SPDR S&P 500 ETF	Com	$28.5M	43754	2.53%	SOLE
10	First Business Financial Servi	Com	$19.5M	361311	1.73%	SOLE
11	JPMorgan Ultra-Short Income ET	Com	$17.7M	349703	1.57%	SOLE
12	Nvidia Corp	Com	$17.4M	99950	1.55%	SOLE
13	Apple Inc	Com	$15.1M	59469	1.34%	SOLE
14	Broadcom Inc	Com	$12.9M	41647	1.15%	SOLE
15	Alphabet Inc Cap Stk Cl A	Com	$12.1M	42161	1.08%	SOLE
16	Ciena Corp	Com	$11.7M	30050	1.04%	SOLE
17	JPMorgan Chase & Co	Com	$10.4M	35340	0.92%	SOLE
18	Quanta Services Inc	Com	$8.5M	15527	0.76%	SOLE
19	Arista Networks Inc	Com	$8.1M	66173	0.72%	SOLE
20	Microsoft Corp	Com	$6.7M	18047	0.59%	SOLE
21	Vanguard Short-Term Inflation	Com	$6.6M	132822	0.59%	SOLE
22	Lam Research Corporation	Com	$6.6M	30841	0.59%	SOLE
23	Lilly Eli Co	Com	$5.9M	6416	0.52%	SOLE
24	iShares National Muni Bond ETF	Com	$5.6M	52980	0.50%	SOLE
25	Exxon Mobil Corp	Com	$5.0M	29246	0.44%	SOLE
26	iShares Edge MSCI USA Momentum	Com	$4.9M	20335	0.43%	SOLE
27	State Street Technology Select	Com	$4.9M	36498	0.43%	SOLE
28	CENCORA INC	Com	$4.8M	15341	0.43%	SOLE
29	Costco Wholesale Corp	Com	$4.6M	4649	0.41%	SOLE
30	Citigroup Inc	Com	$4.5M	40051	0.40%	SOLE
31	Berkshire Hathaway Inc Class A	Com	$4.3M	6	0.38%	SOLE
32	Analog Devices Inc	Com	$4.3M	13374	0.38%	SOLE
33	iShares S&P 500 Core	Com	$4.2M	6474	0.38%	SOLE
34	Bank of America Corp	Com	$3.8M	77650	0.34%	SOLE
35	T Mobile US Inc	Com	$3.5M	16904	0.32%	SOLE
36	General Dynamics Corp	Com	$3.4M	9862	0.30%	SOLE
37	State Street Energy Select Sec	Com	$3.3M	54244	0.30%	SOLE
38	Nucor Corp	Com	$3.3M	19645	0.30%	SOLE
39	Equinix Inc	Com	$3.2M	3297	0.29%	SOLE
40	Stryker Corp	Com	$3.2M	9665	0.28%	SOLE
41	Republic Services Inc	Com	$3.1M	14228	0.28%	SOLE
42	TJX Companies Inc	Com	$3.1M	19471	0.28%	SOLE
43	Nextera Energy Inc	Com	$3.1M	33324	0.28%	SOLE
44	Coca-Cola Co	Com	$2.9M	38766	0.26%	SOLE
45	Electronic Arts Inc	Com	$2.9M	14190	0.26%	SOLE
46	Expedia Group Inc New	Com	$2.8M	12202	0.25%	SOLE
47	Prudential Financial Inc	Com	$2.7M	28046	0.24%	SOLE
48	Intercontinental Exchange Inc	Com	$2.7M	17277	0.24%	SOLE
49	Texas Instruments Inc	Com	$2.6M	13596	0.23%	SOLE
50	Amazon.com Inc	Com	$2.6M	12366	0.23%	SOLE

1–50 of 192

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Values in USD (reported in $thousands on 13F). Source: SEC EDGAR.