First Business Financial Services, Inc.

13F filer, CIK 1521951, MADISON, WI

First Business Financial Services, Inc. reported $999,245,863 across 159 holdings for the quarter ended 2024-09-30, in a 13F-HR filed 2024-11-06. Its ten largest share positions make up 75.7% of the portfolio.

Filed 2024-11-06 (acceptance time not in the bulk data set), ingested 2026-10-07 18:26:56 UTC13F-HR 0001140361-24-045361

Period: 2024-09-30
Reported value: $999M
Holdings: 159
Top 10 weight: 75.7%
New: 10
Sold out: 8

Largest buys vs the previous quarter

Security	Shares change	Approx. value
PLFRXnew	+1,699,780	$16.1M
AVGOadded	+32,955	$5.68M
AAPLadded	+5,458	$1.27M
NVDAadded	+6,217	$755K
TTEKadded	+14,044	$662K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

Security	Shares change	Approx. value
VTIreduced	-27,580	-$7.81M
FISVexited	-36,173	-$5.39M
AGGreduced	-51,084	-$5.17M
IJRreduced	-25,772	-$3.01M
IWFreduced	-7,515	-$2.82M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2024

Share positions as resolved from 13F-HR 0001140361-24-045361, largest first. % of portfolio is the value over $999,245,863, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
VTIVANGUARD INDEX FDS	877,618	$249M	24.87%	-27,580	Timeline
IEFAISHARES TR	1,657,693	$129M	12.95%	+2,385	Timeline
IWFISHARES TR	203,112	$76.2M	7.63%	-7,515	Timeline
IJRISHARES TR	529,655	$61.9M	6.2%	-25,772	Timeline
DGROISHARES TR	898,495	$56.3M	5.64%	+10,279	Timeline
IWDISHARES TR	286,403	$54.4M	5.44%	-780	Timeline
IJHISHARES TR	749,645	$46.7M	4.68%	-9,857	Timeline
AGGISHARES TR	411,275	$41.6M	4.17%	-51,084	Timeline
SPYSTATE STR SPDR S&P 500 ETF T	42,854	$24.6M	2.46%	-1,721	Timeline
FBIZFIRST BUSINESS FINL SVCS INC	365,912	$16.7M	1.67%	+12,194	Timeline
PLFRXAristotle Floating Rate Income	1,699,780	$16.1M	1.61%	new	Timeline
AAPLAPPLE INC	58,144	$13.5M	1.36%	+5,458	Timeline
JPSTJ P MORGAN EXCHANGE TRADED F	201,911	$10.2M	1.03%	-23,549	Timeline
NVDANVIDIA CORPORATION	81,760	$9.93M	0.99%	+6,217	Timeline
MSFTMICROSOFT CORP	18,335	$7.89M	0.79%	+229	Timeline
JPMJPMORGAN CHASE & CO	30,907	$6.52M	0.65%	+712	Timeline
AVGOBROADCOM INC	36,742	$6.34M	0.63%	+32,955	Timeline
GOOGLALPHABET INC	36,444	$6.04M	0.6%	+213	Timeline
ARISTA NETWORKS INCARISTA NETWORKS INC	14,211	$5.45M	0.55%	+89
LLYELI LILLY & CO	5,894	$5.22M	0.52%	+356	Timeline
MTUMISHARES TR	20,335	$4.12M	0.41%	0	Timeline
COSTCOSTCO WHOLESALE CORPORATION	4,076	$3.61M	0.36%	+466	Timeline
PWRQUANTA SVCS INC	11,746	$3.5M	0.35%	+403	Timeline
IVVISHARES TR	5,873	$3.39M	0.34%	0	Timeline
SYKSTRYKER CORPORATION	8,627	$3.12M	0.31%	+924	Timeline
XLKSELECT SECTOR SPDR TR	13,285	$3M	0.3%	0	Timeline
CORCENCORA INC	13,255	$2.98M	0.3%	+537	Timeline
TMUST-MOBILE US INC	14,343	$2.96M	0.3%	+1,015	Timeline
ADIANALOG DEVICES INC	12,817	$2.95M	0.3%	-455	Timeline
XOMEXXON MOBIL CORP	24,135	$2.83M	0.28%	+279	Timeline
CSCOCISCO SYS INC	50,979	$2.71M	0.27%	+3,329	Timeline
UNHUNITEDHEALTH GROUP INC	4,370	$2.56M	0.26%	+127	Timeline
TXNTEXAS INSTRS INC	12,156	$2.51M	0.25%	+578	Timeline
RSGREPUBLIC SVCS INC	12,494	$2.51M	0.25%	+558	Timeline
CCITIGROUP INC	39,361	$2.46M	0.25%	+1,257	Timeline
ICEINTERCONTINENTAL EXCHANGE IN	15,163	$2.44M	0.24%	+629	Timeline
EQIXEQUINIX INC	2,713	$2.41M	0.24%	+355	Timeline
XLESELECT SECTOR SPDR TR	27,252	$2.39M	0.24%	0	Timeline
LOWLOWES COS INC	8,764	$2.37M	0.24%	+179	Timeline
CTVACORTEVA INC	40,350	$2.37M	0.24%	+3,379	Timeline
BACBANK OF AMER CORP	59,232	$2.35M	0.24%	+3,084	Timeline
LAM RESEARCH CORPLAM RESEARCH CORP	2,856	$2.33M	0.23%	+84
TJXTJX COS INC NEW	19,483	$2.29M	0.23%	+456	Timeline
IQVIQVIA HLDGS INC	9,553	$2.26M	0.23%	+340	Timeline
EAELECTRONIC ARTS INC	15,286	$2.19M	0.22%	+1,220	Timeline
PRUPRUDENTIAL FINL INC	17,386	$2.11M	0.21%	+812	Timeline
CSXCSX CORP	60,236	$2.08M	0.21%	+4,767	Timeline
NEENEXTERA ENERGY INC	24,307	$2.05M	0.21%	+2,716	Timeline
DISDISNEY WALT CO	19,958	$1.92M	0.19%	+2,119	Timeline
XLISELECT SECTOR SPDR TR	14,013	$1.9M	0.19%	0	Timeline
GDGENERAL DYNAMICS CORP	6,244	$1.89M	0.19%	+547	Timeline
DRIDARDEN RESTAURANTS INC	10,878	$1.79M	0.18%	+817	Timeline
IWBISHARES TR	5,578	$1.75M	0.18%	0	Timeline
KOCOCA COLA CO	23,335	$1.68M	0.17%	0	Timeline
QCOMQUALCOMM INC	9,791	$1.66M	0.17%	-176	Timeline
AMZNAMAZON COM INC	8,654	$1.61M	0.16%	-144	Timeline
TMOTHERMO FISHER SCIENTIFIC INC	2,560	$1.58M	0.16%	+200	Timeline
HLTHILTON WORLDWIDE HLDGS INC	6,831	$1.57M	0.16%	+416	Timeline
ACNACCENTURE PLC IRELAND	4,229	$1.49M	0.15%	-410	Timeline
EXPEEXPEDIA GROUP INC	9,940	$1.47M	0.15%	+193	Timeline
ADBEADOBE INC	2,828	$1.46M	0.15%	+75	Timeline
KRKROGER CO	24,935	$1.43M	0.14%	-648	Timeline
SLBSLB LIMITED	33,970	$1.43M	0.14%	+990	Timeline
ABBVABBVIE INC	6,994	$1.38M	0.14%	-371	Timeline
EOGEOG RES INC	11,152	$1.37M	0.14%	+1,407	Timeline
ELVELEVANCE HEALTH INC FORMERLY	2,635	$1.37M	0.14%	+150	Timeline
GLDSPDR GOLD TR	5,500	$1.34M	0.13%	0	Timeline
CIENCIENA CORP	21,361	$1.32M	0.13%	+3,300	Timeline
IWMISHARES TR	5,923	$1.31M	0.13%	0	Timeline
PGPROCTER & GAMBLE CO	7,490	$1.3M	0.13%	-353	Timeline
PMPHILIP MORRIS INTL INC	10,537	$1.28M	0.13%	-59	Timeline
GOOGALPHABET INC	7,476	$1.25M	0.13%	+86	Timeline
VBVANGUARD INDEX FDS	5,129	$1.22M	0.12%	0	Timeline
XLYSELECT SECTOR SPDR TR	5,651	$1.13M	0.11%	0	Timeline
LULULULULEMON ATHLETICA INC	4,070	$1.1M	0.11%	+440	Timeline
XLFSELECT SECTOR SPDR TR	24,095	$1.09M	0.11%	0	Timeline
MRKMERCK & CO INC	8,895	$1.01M	0.1%	-571	Timeline
MDLZMONDELEZ INTL INC	13,060	$962K	0.1%	-442	Timeline
TDGTRANSDIGM GROUP INC	652	$930K	0.09%	0	Timeline
PEPPEPSICO INC	5,408	$920K	0.09%	-284	Timeline
NULVNUSHARES ETF TR	21,694	$905K	0.09%	+9,918	Timeline
VOXVANGUARD WORLD FD	6,200	$901K	0.09%	0	Timeline
ATIATI INC	13,455	$900K	0.09%	0	Timeline
IWOISHARES TR	3,132	$889K	0.09%	0	Timeline
ITWILLINOIS TOOL WKS INC	3,331	$873K	0.09%	0	Timeline
JNJJOHNSON & JOHNSON	5,324	$863K	0.09%	-58	Timeline
TTEKTETRA TECH INC NEW	17,555	$828K	0.08%	+14,044	Timeline
USMVISHARES TR	8,694	$794K	0.08%	-7,099	Timeline
BLACKROCK INCBLACKROCK INC	830	$788K	0.08%	-6
BRK-BBERKSHIRE HATHAWAY INC DEL	1,706	$785K	0.08%	0	Timeline
IWNISHARES TR	4,604	$768K	0.08%	0	Timeline
CVXCHEVRON CORPORATION	5,121	$754K	0.08%	-26	Timeline
VOVANGUARD INDEX FDS	2,832	$747K	0.07%	0	Timeline
MCDMCDONALDS CORP	2,289	$697K	0.07%	-25	Timeline
HDHOME DEPOT INC	1,716	$695K	0.07%	-212	Timeline
PNCPNC FINL SVCS GROUP INC	3,713	$686K	0.07%	-46	Timeline
ETNEATON CORP PLC	2,062	$683K	0.07%	+11	Timeline
TRITHOMSON REUTERS CORP	3,942	$673K	0.07%	0	Timeline
WMTWALMART INC	8,056	$651K	0.07%	0	Timeline
XLCSELECT SECTOR SPDR TR	7,057	$638K	0.06%	0	Timeline
MGEEMGE ENERGY INC	6,808	$623K	0.06%	-987	Timeline
ABTABBOTT LABORATORIES	5,443	$621K	0.06%	-206	Timeline
ISRGINTUITIVE SURGICAL INC	1,251	$615K	0.06%	+12	Timeline
VUGVANGUARD INDEX FDS	1,502	$577K	0.06%	0	Timeline
AONAON PLC	1,632	$565K	0.06%	0	Timeline
AMDADVANCED MICRO DEVICES INC	3,331	$547K	0.05%	0	Timeline
METAMETA PLATFORMS INC	938	$537K	0.05%	-78	Timeline
MDYSTATE STR SPDR S&P MIDCAP 40	917	$522K	0.05%	0	Timeline
AMPAMERIPRISE FINL INC	1,093	$514K	0.05%	0	Timeline
VTVVANGUARD INDEX FDS	2,689	$469K	0.05%	0	Timeline
WEYSWEYCO GROUP INC	13,096	$446K	0.04%	+1,000	Timeline
MAMASTERCARD INCORPORATED	885	$437K	0.04%	+10	Timeline
GLWCORNING INC	9,519	$430K	0.04%	-1,887	Timeline
EFAISHARES TR	5,128	$429K	0.04%	0	Timeline
CTASCINTAS CORP	2,064	$425K	0.04%	+1,551	Timeline
TELTE CONNECTIVITY PLC	2,800	$423K	0.04%	new	Timeline
USBUS BANCORP	9,042	$413K	0.04%	0	Timeline
UNPUNION PAC CORP	1,619	$399K	0.04%	-33	Timeline
AXPAMERICAN EXPRESS CO	1,468	$398K	0.04%	0	Timeline
DOXAMDOCS LTD	4,450	$389K	0.04%	-768	Timeline
NOWSERVICENOW INC	428	$383K	0.04%	new	Timeline
PLTRPALANTIR TECHNOLOGIES INC	9,991	$372K	0.04%	-820	Timeline
MOALTRIA GROUP INC	7,116	$363K	0.04%	0	Timeline
FISFIDELITY NATL INFORMATION SV	4,276	$358K	0.04%	-1,008	Timeline
NVONOVO-NORDISK A S	2,964	$353K	0.04%	+30	Timeline
VEAVANGUARD TAX-MANAGED FDS	6,514	$344K	0.03%	0	Timeline
WMWASTE MGMT INC DEL	1,657	$344K	0.03%	0	Timeline
ACWXISHARES TR	5,905	$338K	0.03%	0	Timeline
VVISA INC	1,200	$330K	0.03%	-215	Timeline
NKENIKE INC	3,687	$326K	0.03%	-1,326	Timeline
VGTVANGUARD WORLD FD	519	$304K	0.03%	0	Timeline
MCHPMICROCHIP TECHNOLOGY INC.	3,762	$302K	0.03%	0	Timeline
AJGGALLAGHER ARTHUR J & CO	1,047	$295K	0.03%	+10	Timeline
CMICUMMINS INC	904	$293K	0.03%	0	Timeline
PHPARKER-HANNIFIN CORP	455	$287K	0.03%	0	Timeline
NICENICE LTD	1,625	$282K	0.03%	-338	Timeline
PYPLPAYPAL HLDGS INC	3,549	$277K	0.03%	-173	Timeline
ORCLORACLE CORP	1,609	$274K	0.03%	+20	Timeline
CATCATERPILLAR INC	667	$261K	0.03%	0	Timeline
DHRDANAHER CORP DEL	933	$259K	0.03%	0	Timeline
IXNISHARES TR	3,143	$259K	0.03%	0	Timeline
MCKMCKESSON CORP	523	$259K	0.03%	0	Timeline
CRLCHARLES RIV LABS INTL INC	1,300	$256K	0.03%	0	Timeline
SCHWCHARLES SCHWAB CORP (THE)	3,931	$255K	0.03%	-1,045	Timeline
INTCINTEL CORP	10,785	$253K	0.03%	+148	Timeline
AMGNAMGEN INC	762	$246K	0.02%	-157	Timeline
ARKKARK ETF TR	5,057	$240K	0.02%	0	Timeline
HCAHCA HEALTHCARE INC	591	$240K	0.02%	new	Timeline
ROKROCKWELL AUTOMATION INC	867	$233K	0.02%	0	Timeline
SBUXSTARBUCKS CORP	2,357	$230K	0.02%	-288	Timeline
MRVLMARVELL TECHNOLOGY INC	3,136	$226K	0.02%	0	Timeline
AMATAPPLIED MATLS INC	1,114	$225K	0.02%	0	Timeline
GEGE AEROSPACE	1,192	$225K	0.02%	new	Timeline
LNTALLIANT ENERGY CORP	3,614	$219K	0.02%	new	Timeline
XELXCEL ENERGY INC	3,277	$214K	0.02%	new	Timeline
DGRWWISDOMTREE TR	2,543	$212K	0.02%	new	Timeline
ICLNISHARES TR	10,208	$150K	0.02%	new	Timeline
FFORD MTR CO	12,709	$134K	0.01%	new	Timeline
First Ctzns Bancshares IncFirst Ctzns Bancshares Inc	20,000	$20.4K	<0.01%	0

Sold out in Q3 2024

Positions in the previous quarter's report that this quarter's report no longer lists.

Security	Shares before	Value before	Type
FISVFISERV INC	36,173	$5.39M	shares
TE CONNECTIVITY LTDTE CONNECTIVITY LTD	2,841	$427K	shares
KMBKIMBERLY-CLARK CORP	1,908	$264K	shares
HONHONEYWELL INTL INC	957	$204K	shares
BARRICK GOLD CORPBARRICK GOLD CORP	11,000	$183K	shares
AB High Income Municipal Ad…AB High Income Municipal Advisor	12,823	$133K	shares
NEW YORK COMMUNITY BANCORPNEW YORK COMMUNITY BANCORP	10,000	$32.2K	shares
TERRAN ORBITAL CORPORATIONTERRAN ORBITAL CORPORATION	10,000	$8.2K	shares

How Q3 2024 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

Filing	Role	Amendment	Filed	Accepted	Ingested
13F-HR 0001140361-24-045361	base		2024-11-06	acceptance time not in the bulk data set	2026-10-07 18:26:56 UTC