AI Portfolio Summary
In 2025 Q4, FIRST BUSINESS FINANCIAL SERVICES, INC. maintained a portfolio of 187 distinct positions. They heavily accumulated shares in iShares Core US Aggr, increasing their position by 5.0%. The fund also reduced its exposure to Microsoft Corp by 6.0%.
Total Positions
187
Quarter
2025 Q4
Top Holding
VTI (24.3%)
Top 10 Concentration
72.6%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 187
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
VTI
Vanguard Total ...
|
ETF | 24.29% | 24.30% |
#1
Prev: #1
|
6.5 | -18,227 | -2.3% |
P
S
|
788,902 | $264,495,174 | 2013 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
IEFA
iShares Core MS...
|
ETF | 12.43% | 12.18% |
#2
Prev: #2
|
6.0 | -7,285 | -0.5% |
P
S
|
1,513,690 | $135,414,707 | 2015 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
IWF
iShares Russell...
|
ETF | 7.91% | 8.07% |
#3
Prev: #3
|
4.7 | -5,694 | -3.0% |
P
S
|
182,074 | $86,175,624 | 2013 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
IJR
iShares Core S&...
|
ETF | 5.44% | 5.44% |
#4
Prev: #4
|
3.2 | -6,707 | -1.3% |
P
S
|
492,711 | $59,214,008 | 2018 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
DGRO
iShares Core Di...
|
ETF | 5.24% | 5.15% |
#5
Prev: #5
|
3.1 | -1,982 | -0.2% |
P
S
|
822,044 | $57,066,294 | 2022 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
IWD
iShares Russell...
|
ETF | 5.07% | 4.96% |
#6
Prev: #6
|
2.5 | -3,006 | -1.1% |
P
S
|
262,423 | $55,198,054 | 2013 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
IJH
iShares Core S&...
|
ETF | 4.22% | 4.22% |
#7
Prev: #7
|
2.2 | -7,398 | -1.1% |
P
S
|
696,772 | $45,986,952 | 2018 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AGG
iShares Core US...
|
ETF | 3.50% | 3.34% |
#8
Prev: #8
|
3.4 | 18,241 | 5.0% |
P
S
|
381,535 | $38,107,716 | 2013 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SPY
SPDR S&P 500 ET...
|
ETF | 2.74% | 2.68% |
#9
Prev: #9
|
2.1 | no change | no change |
P
S
|
43,791 | $29,861,959 | 2013 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
FBIZ
First Business ...
|
Financial Services | 1.80% | 1.76% |
#10
Prev: #10
|
1.2 | -12,922 | -3.5% |
P
S
|
361,311 | $19,619,187 | 2013 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NVDA
Nvidia Corp
|
Technology | 1.62% | 1.60% |
#11
Prev: #11
|
1.1 | 847 | 0.9% |
P
S
|
94,501 | $17,624,437 | 2016 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AAPL
Apple Inc
|
Technology | 1.42% | 1.32% |
#12
Prev: #12
|
1.1 | 451 | 0.8% |
P
S
|
56,928 | $15,476,446 | 2015 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AVGO
Broadcom Inc
|
Technology | 1.20% | 1.11% |
#13
Prev: #13
|
1.0 | 988 | 2.7% |
P
S
|
37,823 | $13,090,540 | 2016 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GOOGL
Alphabet Inc Ca...
|
Communication Services | 1.12% | 0.86% |
#14
3
Prev: #17
|
0.9 | 602 | 1.6% |
P
S
|
38,978 | $12,200,114 | 2018 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
JPST
JPMorgan Ultra-...
|
ETF | 1.01% | 0.94% |
#15
1
Prev: #14
|
2.4 | 14,901 | 7.3% |
P
S
|
217,698 | $11,013,342 | 2022 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
JPM
JPMorgan Chase ...
|
Financial Services | 0.95% | 0.91% |
#16
1
Prev: #15
|
0.9 | 524 | 1.7% |
P
S
|
32,107 | $10,345,518 | 2017 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MSFT
Microsoft Corp
|
Technology | 0.79% | 0.89% |
#17
1
Prev: #16
|
0.8 | -1,125 | -6.0% |
P
S
|
17,678 | $8,549,434 | 2013 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ANET
Arista Networks...
|
Technology | 0.71% | 0.76% |
#18
Prev: #18
|
0.8 | 1,949 | 3.4% |
P
S
|
59,041 | $7,736,142 | 2019 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CIEN
Ciena Corp
|
Technology | 0.57% | 0.35% |
#19
11
Prev: #30
|
0.7 | 784 | 3.0% |
P
S
|
26,740 | $6,253,684 | 2023 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
LLY
Lilly Eli Co
|
Healthcare | 0.56% | 0.39% |
#20
6
Prev: #26
|
0.7 | 118 | 2.1% |
P
S
|
5,719 | $6,146,095 | 2019 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
PWR
Quanta Services...
|
Industrials | 0.55% | 0.53% |
#21
1
Prev: #20
|
0.7 | 266 | 1.9% |
P
S
|
14,111 | $5,955,689 | 2019 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
XLK
State Street Te...
|
Unknown | 0.48% | 0.47% |
#22
Prev: #22
|
3.2 | 18,249 | 100.0% |
P
S
|
36,498 | $5,254,617 | 2014 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MTUM
iShares Edge MS...
|
ETF | 0.47% | 0.48% |
#23
2
Prev: #21
|
1.2 | no change | no change |
P
S
|
20,335 | $5,090,054 | 2020 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MUB
iShares Nationa...
|
ETF | 0.44% | 0.43% |
#24
1
Prev: #23
|
0.7 | 1,474 | 3.4% |
P
S
|
45,130 | $4,833,874 | 2013 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
COR
CENCORA INC
|
Healthcare | 0.43% | 0.38% |
#25
2
Prev: #27
|
0.7 | 398 | 3.0% |
P
S
|
13,742 | $4,641,361 | 2013 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
LRCX
Lam Research Co...
|
Technology | 0.42% | 0.32% |
#26
8
Prev: #34
|
0.7 | 648 | 2.5% |
P
S
|
26,859 | $4,597,724 | 2017 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BRK/A
Berkshire Hatha...
|
Financial Services | 0.42% | 0.42% |
#27
2
Prev: #25
|
1.2 | no change | no change |
P
S
|
6 | $4,528,800 | 2016 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
C
Citigroup Inc
|
Financial Services | 0.38% | 0.33% |
#28
5
Prev: #33
|
0.7 | 1,012 | 2.9% |
P
S
|
35,927 | $4,192,322 | 2017 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
IVV
iShares S&P 500...
|
ETF | 0.37% | 0.36% |
#29
1
Prev: #28
|
1.1 | no change | no change |
P
S
|
5,873 | $4,022,653 | 2014 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BAC
Bank of America...
|
Financial Services | 0.36% | 0.33% |
#30
2
Prev: #32
|
0.6 | 1,643 | 2.4% |
P
S
|
71,291 | $3,921,005 | 2018 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
COST
Costco Wholesal...
|
Consumer Defensive | 0.33% | 0.35% |
#31
2
Prev: #29
|
0.6 | 29 | 0.7% |
P
S
|
4,208 | $3,628,727 | 2014 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ADI
Analog Devices ...
|
Technology | 0.30% | 0.26% |
#32
9
Prev: #41
|
0.6 | 336 | 2.9% |
P
S
|
11,959 | $3,243,281 | 2017 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
XOM
Exxon Mobil Cor...
|
Energy | 0.30% | 0.27% |
#33
4
Prev: #37
|
0.6 | 536 | 2.0% |
P
S
|
26,898 | $3,236,905 | 2017 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
EXPE
Expedia Group I...
|
Consumer Cyclical | 0.28% | 0.21% |
#34
15
Prev: #49
|
0.6 | 337 | 3.2% |
P
S
|
10,953 | $3,103,094 | 2019 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SYK
Stryker Corp
|
Healthcare | 0.28% | 0.29% |
#35
1
Prev: #36
|
0.6 | 259 | 3.1% |
P
S
|
8,689 | $3,053,923 | 2018 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GD
General Dynamic...
|
Industrials | 0.27% | 0.27% |
#36
4
Prev: #40
|
0.6 | 282 | 3.3% |
P
S
|
8,822 | $2,970,015 | 2022 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NUE
Nucor Corp
|
Basic Materials | 0.27% | 0.21% |
#37
11
Prev: #48
|
0.6 | 605 | 3.5% |
P
S
|
17,808 | $2,904,663 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
EA
Electronic Arts...
|
Communication Services | 0.27% | 0.27% |
#38
Prev: #38
|
0.6 | -492 | -3.4% |
P
S
|
14,190 | $2,899,443 | 2019 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
TMUS
T Mobile US Inc
|
Communication Services | 0.26% | 0.30% |
#39
4
Prev: #35
|
0.6 | 422 | 3.1% |
P
S
|
14,101 | $2,863,067 | 2019 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
PRU
Prudential Fina...
|
Financial Services | 0.26% | 0.16% |
#40
18
Prev: #58
|
2.6 | 7,986 | 46.6% |
P
S
|
25,141 | $2,837,916 | 2019 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
TJX
TJX Companies I...
|
Consumer Cyclical | 0.25% | 0.24% |
#41
1
Prev: #42
|
0.6 | 142 | 0.8% |
P
S
|
17,940 | $2,755,763 | 2014 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
KO
Coca-Cola Co
|
Consumer Defensive | 0.24% | 0.23% |
#42
1
Prev: #43
|
0.6 | 614 | 1.6% |
P
S
|
38,069 | $2,661,404 | 2014 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
RSG
Republic Servic...
|
Industrials | 0.24% | 0.27% |
#43
4
Prev: #39
|
0.6 | -220 | -1.7% |
P
S
|
12,495 | $2,648,065 | 2019 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
META
Meta Platforms ...
|
Communication Services | 0.23% | 0.08% |
#44
49
Prev: #93
|
3.1 | 2,705 | 237.7% |
P
S
|
3,843 | $2,536,726 | 2021 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AMZN
Amazon.com Inc
|
Consumer Cyclical | 0.23% | 0.22% |
#45
1
Prev: #46
|
0.6 | -100 | -0.9% |
P
S
|
10,829 | $2,499,550 | 2020 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NEE
Nextera Energy ...
|
Utilities | 0.22% | 0.20% |
#46
4
Prev: #50
|
0.6 | 811 | 2.7% |
P
S
|
30,371 | $2,438,184 | 2019 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
XLE
State Street En...
|
Unknown | 0.22% | 0.22% |
#47
3
Prev: #44
|
3.1 | 27,122 | 100.0% |
P
S
|
54,244 | $2,425,249 | 2014 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ICE
Intercontinenta...
|
Financial Services | 0.22% | 0.22% |
#48
3
Prev: #45
|
0.6 | 413 | 2.9% |
P
S
|
14,745 | $2,388,100 | 2017 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CSCO
Cisco Systems I...
|
Technology | 0.21% | 0.19% |
#49
5
Prev: #54
|
0.6 | -358 | -1.2% |
P
S
|
30,321 | $2,335,627 | 2018 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
EQIX
Equinix Inc
|
Real Estate | 0.21% | 0.20% |
#50
1
Prev: #51
|
0.6 | 102 | 3.6% |
P
S
|
2,947 | $2,257,874 | 2024 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) |
Showing 1-50 of 187 holdings