13F-HR: First Business Financial Services, Inc. Discloses Q1 2025 Holdings

First Business Financial Services, Inc. reports its holdings for the quarter ended March 31, 2025, with a total value of $1,016,958,419 across 170 entries.

Summary

• First Business Financial Services, Inc. filed its Form 13F holdings report for the quarter ended March 31, 2025.
• The report includes 170 holdings with a total value of $1,016,958,419.
• The filing indicates sole voting authority for most holdings, with some shared or none reported for certain positions.
• The largest holding is in iShares Core MSCI EAFE ETF with a value of $129,433,368 representing 1,710,950 shares.
• The second largest holding is Vanguard Total Stock Market ETF with a value of $248,031,832 representing 902,459 shares.
• The third largest holding is iShares Core Dividend Growth with a value of $57,849,556 representing 936,380 shares.
• The fourth largest holding is iShares Core S&P Small-Cap ETF with a value of $59,553,556 representing 569,509 shares.
• The fifth largest holding is iShares Russell 1000 Value ETF with a value of $55,701,757 representing 296,034 shares.
• The sixth largest holding is iShares Core S&P Mid-Cap ETF with a value of $46,300,783 representing 793,501 shares.
• The seventh largest holding is iShares Core US Aggregate Bond with a value of $37,566,354 representing 379,765 shares.
• The eighth largest holding is First Business Financial Services with a value of $18,568,566 representing 393,819 shares.
• Other significant holdings include Apple Inc. valued at $13,592,801 and JPMorgan Chase & Co. valued at $8,112,562.
• Nvidia Corp is valued at $9,861,063 representing 90,986 shares.

Sentiment

Score: 7

Explanation: The document is a standard holdings report, indicating a neutral sentiment. The portfolio is well-diversified and includes significant investments in major ETFs and well known companies, suggesting a positive outlook.

Positives

• The portfolio is well-diversified across 170 holdings.
• The total value of holdings is substantial at $1,016,958,419.
• The portfolio includes significant investments in major ETFs like iShares and Vanguard, providing broad market exposure.
• The portfolio includes significant investments in well known companies such as Apple, JPMorgan Chase & Co. and Nvidia Corp.

Risks

• Market fluctuations could impact the value of the holdings.
• Concentration in a few large ETF holdings could expose the portfolio to specific risks associated with those funds.
• The portfolio's performance is subject to the management and performance of the underlying assets within the ETF holdings.

Industry Context

Form 13F filings provide transparency into the holdings of large investment managers, allowing investors to track investment trends and strategies. This filing indicates a preference for large, well-established companies and broad market exposure through ETFs.

Comparison to Industry Standards

• Comparing the portfolio's composition to industry benchmarks like the S&P 500 or MSCI EAFE can reveal its relative risk and return profile.
• The significant allocation to iShares and Vanguard ETFs is a common strategy among institutional investors seeking diversified exposure at a low cost.
• Other investment managers with similar strategies include State Street and BlackRock, who also heavily utilize ETFs in their portfolios.

Stakeholder Impact

• Shareholders can use this information to understand the investment strategy of First Business Financial Services, Inc.
• The holdings in various companies can impact those companies' stock prices and investor sentiment.

Key Dates

Keywords

holdings, Form 13F, investment manager, portfolio, ETFs, shares, equity