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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 5 of 10  ·  192 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
81 ATI ATI Inc Industrials 7,484.0 $1.1M 0.10% $145.46 +16.2%
82 MRK Merck & Co Inc Healthcare 8,804.0 $1.1M 0.09% $120.29 -0.6%
83 Berkshire Hathaway INC-CL B 2,199.0 $1.1M 0.09% +152.0 +7.4% $479.20
84 CRM Salesforce Inc. Technology 5,309.0 $991K 0.09% +1K +23.6% $186.67 -4.1%
85 IWO iShares Russell 2000 Growth 3,132.0 $983K 0.09% $313.81 +22.1%
86 ASML ASML Holding N V N Y Registry Technology 732.0 $967K 0.09% $1320.83 +22.0%
87 VO Vanguard Mid-Cap ETF 3,205.0 $920K 0.08% +236.0 +8.0% $287.18 -72.5%
88 IWN iShares Russell 2000 Value 4,604.0 $873K 0.08% $189.59 +13.5%
89 NULV Nuveen ESG Large Cap Value 18,931.0 $861K 0.08% -254.0 -1.3% $45.50 +11.7%
90 XLC State Street Comm Svcs Select 7,317.0 $811K 0.07% $110.86 +5.0%
91 USMV iShares Edge MSCI Min Vol USA 8,694.0 $806K 0.07% $92.74 +3.9%
92 BLK Blackrock Inc New Financial Services 835.0 $803K 0.07% $961.71 +9.3%
93 ETN Eaton Corp PLC Industrials 2,173.0 $777K 0.07% +167.0 +8.3% $357.67 +12.9%
94 PG Procter & Gamble Co Consumer Defensive 5,360.0 $774K 0.07% -1K -15.7% $144.44 +1.3%
95 ACN Accenture PLC Technology 3,889.0 $771K 0.07% $198.29 -10.0%
96 TDG Transdigm Group Inc Industrials 652.0 $756K 0.07% $1158.96 +9.2%
97 CTA Simplify Managed Futures ETF 24,179.0 $731K 0.07% NEW $30.22 -3.8%
98 AMD Advanced Micro Devices Inc Technology 3,506.0 $713K 0.06% +360.0 +11.4% $203.43 +154.6%
99 SLV Ishares Silver Trust Financial Services 10,330.0 $704K 0.06% -2K -15.5% $68.14 +0.7%
100 MDLZ Mondelez Intl Inc Class A Consumer Defensive 12,118.0 $698K 0.06% $57.64 +8.1%
Page 5 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%