Latest FIRST BUSINESS FINANCIAL SERVICES, INC. Stock Portfolio

FIRST BUSINESS FINANCIAL SERVICES, INC. Performance:

2025 Q4: 0.78%YTD: 14.07%2024: 3.1%

Performance for 2025 Q4 is 0.78%, and YTD is 14.07%, and 2024 is 3.1%.

About FIRST BUSINESS FINANCIAL SERVICES, INC. and 13F Hedge Fund Stock Holdings

On 2026-02-06, the fund reported it's updated stock portfolio. In the 13F Holdings report, FIRST BUSINESS FINANCIAL SERVICES, INC. reported an equity portfolio of $1.1 Billions as of 31 Dec, 2025.

The top stock holdings of FIRST BUSINESS FINANCIAL SERVICES, INC. are VB, IBCE, IJR. The fund has invested 24.3% of it's portfolio in VANGUARD TOTAL STOCK MARKET ET and 12.4% of portfolio in ISHARES CORE MSCI EAFE ETF.

The fund managers got completely rid off DEERE & CO COM (DE), EOG RES INC (EOG) and AMEREN CORPORATION (AEE) stocks. They significantly reduced their stock positions in CATERPILLAR INC (CAT), MGE ENERGY INC (MGEE) and ALLIANT ENERGY CORP (LNT). FIRST BUSINESS FINANCIAL SERVICES, INC. opened new stock positions in EXACT SCIENCES CORP (EXAS) and TRUIST FINANCIAL CORPORATION (TFC). The fund showed a lot of confidence in some stocks as they added substantially to NETFLIX INC (NFLX), SERVICENOW INC (NOW) and META PLATFORMS INC (META).

FIRST BUSINESS FINANCIAL SERVICES, INC. Annual Return Estimates Vs S&P 500

Our best estimate is that FIRST BUSINESS FINANCIAL SERVICES, INC. made a return of 0.78% in the last quarter. In trailing 12 months, it's portfolio return was 14.07%.

Performance
S&P 500

New Buys

Ticker	$ Bought
exact sciences corp	224,955
truist financial corporation	211,209

New stocks bought by FIRST BUSINESS FINANCIAL SERVICES, INC.

Additions

Ticker	% Inc.
netflix inc	896
servicenow inc	393
meta platforms inc	237
state street technology select	100
state street energy select sec	100
state street consumer dis sele	100
state street utilities select	100
prudential financial inc	46.55

Additions to existing portfolio by FIRST BUSINESS FINANCIAL SERVICES, INC.

Reductions

Ticker	% Reduced
caterpillar inc	-95.42
mge energy inc	-85.91
alliant energy corp	-65.13
pnc financial services group i	-59.65
us bancorp	-52.52
chevron corp	-51.66
southern company	-38.63
the charles schwab corp	-26.71

FIRST BUSINESS FINANCIAL SERVICES, INC. reduced stake in above stock

Sold off

Ticker	$ Sold
douglas dynamics inc	-625,200
eog res inc	-1,549,500
ameren corporation	-1,164,360
ishares global clean energy et	-170,295
deere & co com	-4,590,890
gopro inc	-21,200
at&t inc	-243,683
intel corp	-212,606

FIRST BUSINESS FINANCIAL SERVICES, INC. got rid off the above stocks

Sector Distribution

FIRST BUSINESS FINANCIAL SERVICES, INC. has about 77.3% of it's holdings in Others sector.

Sector	%
Others	77.3
Technology	8.3
Financial Services	4.4
Communication Services	2.3
Industrials	1.8
Healthcare	1.6
Consumer Cyclical	1.5
Consumer Defensive	1.3

Market Cap. Distribution

FIRST BUSINESS FINANCIAL SERVICES, INC. has about 20.2% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	76.9
MEGA-CAP	11
LARGE-CAP	9.2
SMALL-CAP	1.9

Stocks belong to which Index?

About 21.5% of the stocks held by FIRST BUSINESS FINANCIAL SERVICES, INC. either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	78.5
S&P 500	19.4
RUSSELL 2000	2.1

Top 5 Winners (%)		%
CIEN	ciena corp	59.1 %
SLV	ishares silver trust	52.0 %
ATI	ati inc	41.1 %
LLY	lilly eli co	40.3 %
EXPE	expedia group inc new	31.9 %

Top 5 Winners ($)		$
VB	vanguard total stock market et	5.7 M
IBCE	ishares core msci eafe etf	3.3 M
GOOG	alphabet inc cap stk cl a	2.7 M
CIEN	ciena corp	2.3 M
IJR	ishares russell 1000 value etf	1.8 M

Top 5 Losers (%)		%
NFLX	netflix inc	-86.6 %
NOW	servicenow inc	-75.1 %
XLB	state street utilities select	-43.9 %
XLB	state street consumer dis sele	-43.0 %
XLB	state street energy select sec	-42.8 %

Top 5 Losers ($)		$
NFLX	netflix inc	-12.1 M
XLB	state street technology select	-3.8 M
XLB	state street energy select sec	-1.8 M
XLB	state street consumer dis sele	-1.2 M
NOW	servicenow inc	-0.9 M

FIRST BUSINESS FINANCIAL SERVICES, INC. Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of FIRST BUSINESS FINANCIAL SERVICES, INC.

FIRST BUSINESS FINANCIAL SERVICES, INC. has 168 stocks in it's portfolio. About 72.6% of the portfolio is in top 10 stocks. NFLX proved to be the most loss making stock for the portfolio. VB was the most profitable stock for FIRST BUSINESS FINANCIAL SERVICES, INC. last quarter.

Last Reported on: 06 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc	1.42	56,928	15,476,400	added	0.8

AAXJ	ishares national muni bond etf	0.44	45,130	4,833,870	added	3.38

AAXJ	ishares msci acwi ex us	0.04	5,905	396,403	unchanged	0.00

AAXJ	ishares global clean energy et	0.00	0.00	0.00	sold off	-100

ABBV	abbvie inc com	0.14	6,840	1,562,870	reduced	-6.02

ABC	cencora inc	0.43	13,742	4,641,360	added	2.98

ABT	abbott laboratories	0.06	5,443	681,953	unchanged	0.00

ACN	accenture plc	0.10	3,884	1,042,080	reduced	-6.79

ACWF	ishares core dividend growth	5.24	822,044	57,066,300	reduced	-0.24

ADI	analog devices inc	0.30	11,959	3,243,280	added	2.89

AEE	ameren corporation	0.00	0.00	0.00	sold off	-100

AEP	american electric power inc	0.12	11,322	1,305,540	added	6.82

AGNG	global x us infr dev etf	0.02	5,401	258,114	unchanged	0.00

AJG	arthur j. gallagher & co	0.03	1,037	268,365	unchanged	0.00

ALCC	oklo inc.	0.04	6,650	477,204	unchanged	0.00

AMAT	applied materials inc	0.03	1,078	277,035	reduced	-3.23

AMD	advanced micro devices inc	0.06	3,146	673,747	reduced	-11.03

AMP	ameriprise financial inc	0.05	1,015	497,695	unchanged	0.00

AMPS	ishares edge msci min vol usa	0.07	8,694	818,627	unchanged	0.00

AMZN	amazon.com inc	0.23	10,829	2,499,550	reduced	-0.91