FIRST BUSINESS FINANCIAL SERVICES, INC. XLE — SPDR

Ownership history in FIRST BUSINESS FINANCIAL SERVICES, INC.  ·  28 quarters on record

AI Ownership Summary

FIRST BUSINESS FINANCIAL SERVICES, INC. reported SPDR (XLE) in 28 quarterly 13F filings from 2023 Q4 through 2025 Q4. Peak portfolio weight reached 0.26% in 2023 Q4. The latest visible filing shows XLE at 0.22% of the fund.

This page tracks quarterly shares, estimated market value, portfolio weight, filing dates, and disclosure-aligned stock prices directly from SEC EDGAR 13F filings. Older history is available after unlock; the visible window still shows the most recent pattern.

What this XLE ownership page tells you

This page is designed to answer the real investor question behind a 13F filing: how meaningful was FIRST BUSINESS FINANCIAL SERVICES, INC.'s position in SPDR, and how did that conviction change over time? You can read the holding window, peak weight, latest reported size, disclosure timing, and quarter-by-quarter changes without piecing the story together from raw SEC rows.

Freshest filing
Latest Reported Filing
2025 Q4

XLE was reported at 0.22% of portfolio in the most recent visible filing.

High-water mark
Peak Conviction
0.26% in 2023 Q4

Peak weight helps separate a token disclosure from a real conviction holding the fund genuinely cared about.

Time in book
Holding Window
2023 Q4 to 2025 Q4

Longer holding windows often tell a very different story from short-lived tactical trades or one-quarter experiments.

Decision context
Why It Matters
Position size beats headlines

Knowing that a fund owned a stock is useful. Knowing whether it was a 0.20% placeholder or a true high-conviction position is where the signal actually starts.

XLE stock page FIRST BUSINESS FINANCIAL SERVICES, INC. fund profile FIRST BUSINESS FINANCIAL SERVICES, INC. full holdings
How FIRST BUSINESS FINANCIAL SERVICES, INC. held XLE — position size vs. price
% of Fund (quarterly)    XLE price (quarter-end, indexed to 100)    SPY (indexed to 100)    QQQ (indexed to 100)
📋 Quarterly Holdings History 9 quarters  ▾
Quarter Action Sold % After 3M Timing Shares Change Chg % % of Fund Mkt Value Filed Price (Filed)
2025 Q4 ADDED — — — 54,244 +27,122 +100.0% 0.22% $2.4M 2026-02-14 (Est.) $54.00
2025 Q3 REDUCED — — — 27,122 -130 -0.5% 0.22% $2.4M 2025-10-30 $43.09
2025 Q2 UNCHANGED — — — 27,252 — 0% 0.21% $2.3M 2025-07-31 $42.59
2025 Q1 UNCHANGED — — — 27,252 — 0% 0.25% $2.5M 2025-05-02 $39.71
2024 Q4 UNCHANGED — — — 27,252 — 0% 0.23% $2.3M 2025-02-06 $42.58
2024 Q3 UNCHANGED — — — 27,252 — 0% 0.24% $2.4M 2024-11-06 $44.60
2024 Q2 ADDED — — — 27,252 +130 +0.5% 0.26% $2.5M 2024-08-02 $41.80
2024 Q1 UNCHANGED — — — 27,122 — 0% 0.26% $2.3M 2024-05-06 $43.76
2023 Q4 REDUCED — — — 27,122 -386 -1.4% 0.26% $2.3M 2024-02-14 $38.76
19 older quarters hidden  —  Sign in free or upgrade to Premium to see full history

🏢 Other funds also holding XLE

As of 2026 Q1 — sorted by position size

TTP Investments, Inc. 3Y 7Y 6.78% AFFINITY WEALTH MANAGEMENT LLC 3Y 7Y 6.58% OneAscent Family Office, LLC 5.8% CAMELOT TECHNOLOGY ADVISORS, INC. 5.08% Decker Retirement Planning Inc. 4.53% SURIENCE PRIVATE WEALTH LLC 3Y 4.51% Lake Hills Wealth Management, LLC 3Y 4.47% Prota Financial, LLC 4.41% Harbour Wealth Management Group, Inc. 4.24% Biltmore Wealth Management, LLC 3Y 7Y 4.05%

FAQ About FIRST BUSINESS FINANCIAL SERVICES, INC. and XLE

These are the practical questions this page is built to answer before you even open the full history table.

How long has FIRST BUSINESS FINANCIAL SERVICES, INC. reported owning XLE?

FIRST BUSINESS FINANCIAL SERVICES, INC. reported XLE across 9 quarterly 13F filings, from 2023 Q4 through 2025 Q4.

What was the largest reported XLE position in FIRST BUSINESS FINANCIAL SERVICES, INC.'s portfolio?

The largest reported portfolio weight for XLE was 0.26% in 2023 Q4.

What is the latest reported XLE position on this page?

The most recent filing on this page is 2025 Q4, when FIRST BUSINESS FINANCIAL SERVICES, INC. reported 54,244 shares, equal to 0.22% of portfolio, with an estimated market value of $2.4M.

What does the chart on this XLE ownership page compare?

The chart compares FIRST BUSINESS FINANCIAL SERVICES, INC.'s quarterly XLE portfolio weight with the stock's indexed share price, so you can see whether the fund was building, trimming, or holding the position as price moved.

How well did FIRST BUSINESS FINANCIAL SERVICES, INC. time their XLE position?

Based on 13F filing dates vs. subsequent XLE price moves, FIRST BUSINESS FINANCIAL SERVICES, INC. correctly timed 8 out of 18 reported position changes (44%). The annualised alpha on XLE relative to SPY over the holding period was -9.8%.

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