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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 6 of 10  ·  192 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
101 MA Mastercard Inc Cl A Financial Services 1,382.0 $691K 0.06% +499.0 +56.5% $499.66 -2.0%
102 VUG Vanguard Index Growth 1,550.0 $677K 0.06% +48.0 +3.2% $436.79 -79.6%
103 ITW Illinois Tool Works Inc Industrials 2,506.0 $652K 0.06% -100.0 -3.8% $260.29 -4.4%
104 ISRG Intuitive Surgical Inc Healthcare 1,340.0 $618K 0.06% +100.0 +8.1% $460.99 -7.9%
105 ABT Abbott Laboratories Healthcare 5,818.0 $597K 0.05% +375.0 +6.9% $102.67 -16.1%
106 PEP Pepsico Inc Consumer Defensive 3,809.0 $592K 0.05% $155.29 -6.0%
107 MGEE MGE Energy Inc Utilities 7,458.0 $576K 0.05% +1K +19.3% $77.29 -1.6%
108 WTRG Essential Utilities, Inc Utilities 14,146.0 $570K 0.05% NEW $40.27 -7.9%
109 CVX Chevron Corp Energy 2,731.0 $565K 0.05% $206.90 -11.8%
110 MO Altria Group Inc Consumer Defensive 8,306.0 $548K 0.05% +1K +16.7% $65.99 +9.2%
111 MDY STATE STREET SPDR S&P MIDCAP 4 Financial Services 887.0 $547K 0.05% $616.76 +10.2%
112 VTV Vanguard Index Value 2,689.0 $528K 0.05% $196.20 +8.0%
113 HD Home Depot Inc Consumer Cyclical 1,590.0 $523K 0.05% -134.0 -7.8% $328.89 -2.8%
114 SO Southern Company Utilities 5,261.0 $508K 0.04% +827.0 +18.6% $96.52 -3.6%
115 TTEK Tetra Tech Inc New Industrials 16,820.0 $507K 0.04% $30.12 -8.0%
116 EFA iShares MSCI EAFE ETF 5,128.0 $498K 0.04% $97.13 +8.0%
117 TEL TE Connectivity PLC ADR Technology 2,375.0 $496K 0.04% $209.02 +1.0%
118 MCD McDonald's Corp Consumer Cyclical 1,592.0 $495K 0.04% -596.0 -27.2% $310.79 -10.5%
119 IBM International Business Machine Technology 2,004.0 $486K 0.04% +240.0 +13.6% $242.39 +8.2%
120 CTAS Cintas Corporation Industrials 2,867.0 $485K 0.04% +815.0 +39.7% $169.14 +2.0%
Page 6 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%