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Portfolio (Quarterly) Guide ↗

First Business Financial Services, Inc.

· CIK 0001521951
13F Portfolio $1.1B AUM 192 positions Filed May 1, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 27 New 84 Added 11 Reduced 3 Exited
Page 4 of 10  ·  192 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
61 GOOG Alphabet Inc Cap Stk Cl C Communication Services 6,884.0 $2.0M 0.18% $286.86 +34.2%
62 KR Kroger Co Consumer Defensive 26,349.0 $1.9M 0.17% +4K +17.1% $72.36 -11.8%
63 GLD Spdr Gold Trust Financial Services 4,247.0 $1.8M 0.16% -1K -19.1% $430.29 -3.9%
64 PM Philip Morris International In Consumer Defensive 10,458.0 $1.7M 0.15% $165.34 +8.7%
65 AEP American Electric Power Inc Utilities 13,027.0 $1.7M 0.15% +2K +15.1% $131.08 -2.3%
66 ABBV Abbvie Inc Com Healthcare 7,166.0 $1.6M 0.14% +326.0 +4.8% $217.49 +0.5%
67 Iqvia Holdings Inc 8,964.0 $1.5M 0.14% +1K +13.1% $170.54
68 IWB iShares Russell 1000 ETF 4,244.0 $1.5M 0.14% $356.56 +15.4%
69 XLY State Street Consumer Dis Sele 12,902.0 $1.4M 0.12% $108.98 +11.6%
70 VB Vanguard Small-Cap ETF 5,070.0 $1.3M 0.12% +31.0 +0.6% $261.92 +12.5%
71 QCOM Qualcomm Inc Technology 10,128.0 $1.3M 0.12% +959.0 +10.5% $128.78 +93.1%
72 PLTR Palantir Technologies Inc Technology 8,815.0 $1.3M 0.12% +699.0 +8.6% $146.28 -4.4%
73 CL Colgate-Palmolive Co Consumer Defensive 15,111.0 $1.3M 0.12% +3K +22.2% $85.23 +8.2%
74 IWM iShares Russell 2000 4,950.0 $1.2M 0.11% $248.00 +17.8%
75 GLW Corning Inc Technology 8,962.0 $1.2M 0.11% +593.0 +7.1% $135.97 +36.3%
76 APOS Apollo Global Mgmt Inc Financial Services 10,902.0 $1.2M 0.11% +2K +26.2% $111.42 -76.5%
77 XLF Financial Select Sector SPDR E 24,095.0 $1.2M 0.11% $49.37 +3.7%
78 JNJ Johnson & Johnson Healthcare 4,647.0 $1.1M 0.10% $244.44 -5.6%
79 VOX Vanguard Communication SVCS ET 6,200.0 $1.1M 0.10% $179.84 +10.4%
80 WMT Wal-Mart Inc Consumer Defensive 8,814.0 $1.1M 0.10% +505.0 +6.1% $124.28 -5.1%
Page 4 of 10  ·  192 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 32.2%
Financial Services 27.5%
Communication Services 8.4%
Industrials 8.1%
Consumer Cyclical 5.8%
Consumer Defensive 5.3%
Healthcare 5.1%
Energy 2.8%
Utilities 2.7%
Real Estate 1.1%