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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 9 of 10  ·  192 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
161 PSX Phillips 66 Energy 1,471.0 $268K 0.02% NEW $182.18 +16.5%
162 ORCL Oracle Corp Technology 1,794.0 $264K 0.02% $147.11 -13.6%
163 TMO Thermo Fisher Scientific Inc Healthcare 535.0 $263K 0.02% +124.0 +30.2% $491.53 +6.5%
164 USB US Bancorp Financial Services 5,053.0 $263K 0.02% -344.0 -6.4% $52.01 +22.5%
165 GILD Gilead Sciences Inc Healthcare 1,863.0 $260K 0.02% +153.0 +8.9% $139.37 -6.5%
166 NOW Servicenow Inc Technology 2,270.0 $237K 0.02% +280.0 +14.1% $104.55 -2.4%
167 ROK Rockwell Automation Inc Industrials 655.0 $235K 0.02% +7.0 +1.1% $358.88 +29.5%
168 VZ Verizon Communications Inc Communication Services 4,520.0 $227K 0.02% NEW $50.20 -12.8%
169 SIVR Abrdn Physical Silver Shares E Financial Services 3,160.0 $226K 0.02% NEW $71.61 -22.1%
170 AJG Arthur J. Gallagher & Co Financial Services 1,037.0 $225K 0.02% $216.58 +14.6%
171 GEV GE Vernova Inc Utilities 257.0 $224K 0.02% NEW $872.90 +23.6%
172 CRL Charles River Labs Intl Healthcare 1,300.0 $224K 0.02% $172.50 +27.2%
173 DGRW Wisdomtree Tr US Qtly Div Grt 2,543.0 $223K 0.02% $87.84 +9.4%
174 DIS Walt Disney Company Communication Services 2,281.0 $220K 0.02% $96.38 -0.2%
175 IVW iShares S&P 500 Growth 1,933.0 $219K 0.02% $113.11 +20.5%
176 NSC Norfolk Southern Corp Industrials 758.0 $218K 0.02% NEW $287.00 +15.4%
177 HLT Hilton Worldwide Hldgs Inc Consumer Cyclical 705.0 $214K 0.02% NEW $304.08 +6.5%
178 FELG Fidelity Enhanced Large Cap ET 5,700.0 $214K 0.02% $37.49 +15.8%
179 PPL PPL Corp Utilities 5,553.0 $212K 0.02% NEW $38.20 -7.3%
180 SHEL Shell Plc ADR Energy 2,257.0 $210K 0.02% NEW $93.00 -6.2%
Page 9 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%