Who owns FBIZWhat FBIZ owns
What FIRST BUSINESS FINANCIAL SERVICES, INC. owns
The company's own 13F portfolio · as of 2026-06-30 · long US-listed stakes only — private holdings, bonds and cash are not disclosable on a 13F
$1.29B
disclosed stock portfolio
201
positions
22.8%
in VTI
Positions, as of 2026-06-30
ordered by filed value · % of book = share of the disclosed stock portfolio · PUT/CALL tags = options positions (share-equivalents), not shares held
| # | Issuer | Shares | Value | % of book |
|---|---|---|---|---|
| 1 | VTIVanguard Total Stock Market ET | 794,853 | $294.1M | 22.8% |
| 2 | IEFAiShares Core MSCI EAFE ETF | 1.6M | $151.4M | 11.7% |
| 3 | IWFiShares Russell 1000 Growth ET | 731,884 | $90.9M | 7% |
| 4 | IJRiShares Core S&P Small-Cap ETF | 502,002 | $74.5M | 5.8% |
| 5 | IWDiShares Russell 1000 Value ETF | 265,835 | $64.4M | 5% |
| 6 | DGROiShares Core Dividend Growth | 839,061 | $63.6M | 4.9% |
| 7 | IJHiShares Core S&P Mid-Cap ETF | 711,692 | $54.9M | 4.3% |
| 8 | AGGiShares Core US Aggregate Bond | 388,636 | $38.5M | 3% |
| 9 | SPYState Street SPDR S&P 500 ETF | 43,684 | $32.6M | 2.5% |
| 10 | FBIZFirst Business Financial Servi | 340,189 | $21.5M | 1.7% |
| 11 | NVDANvidia Corp | 102,546 | $20.5M | 1.6% |
| 12 | JPSTJPMorgan Ultra-Short Income ET | 363,803 | $18.4M | 1.4% |
| 13 | AAPLApple Inc | 59,954 | $17.3M | 1.3% |
| 14 | AVGOBroadcom Inc | 41,248 | $15.6M | 1.2% |
| 15 | GOOGLAlphabet Inc Cap Stk Cl A | 43,589 | $15.6M | 1.2% |
| 16 | CIENCiena Corp | 28,808 | $14.1M | 1.1% |
| 17 | LRCXLam Research Corporation | 32,515 | $14.1M | 1.1% |
| 18 | JPMJPMorgan Chase & Co | 36,121 | $11.8M | 0.9% |
| 19 | ANETArista Networks Inc | 68,750 | $11.7M | 0.9% |
| 20 | PWRQuanta Services Inc | 15,594 | $11.2M | 0.9% |
| 21 | LLYLilly Eli Co | 6,642 | $8.0M | 0.6% |
| 22 | VTIPVanguard Short-Term Inflation | 150,171 | $7.5M | 0.6% |
| 23 | MTUMiShares Edge MSCI USA Momentum | 20,335 | $7.0M | 0.5% |
| 24 | MSFTMicrosoft Corp | 18,644 | $7.0M | 0.5% |
| 25 | XLKState Street Technology Select | 36,498 | $7.0M | 0.5% |
| 26 | IVViShares S&P 500 Core | 8,639 | $6.5M | 0.5% |
| 27 | MUBiShares National Muni Bond ETF | 54,736 | $5.9M | 0.5% |
| 28 | CCitigroup Inc | 41,453 | $5.8M | 0.4% |
| 29 | ADIAnalog Devices Inc | 13,874 | $5.5M | 0.4% |
| 30 | BACBank of America Corp | 80,030 | $4.6M | 0.4% |
| 31 | NUENucor Corp | 20,457 | $4.6M | 0.4% |
| 32 | CORCENCORA INC | 16,022 | $4.5M | 0.4% |
| 33 | BRK/ABerkshire Hathaway Inc Class A | 6 | $4.5M | 0.3% |
| 34 | COSTCostco Wholesale Corp | 4,723 | $4.4M | 0.3% |
| 35 | XOMExxon Mobil Corp | 30,811 | $4.2M | 0.3% |
| 36 | TXNTexas Instruments Inc | 13,969 | $4.2M | 0.3% |
| 37 | GDGeneral Dynamics Corp | 10,301 | $3.6M | 0.3% |
| 38 | CSCOCisco Systems Inc | 31,038 | $3.6M | 0.3% |
| 39 | RSSBReturn Stacked Global Stocks & | 118,108 | $3.6M | 0.3% |
| 40 | EQIXEquinix Inc | 3,418 | $3.6M | 0.3% |
| 41 | EXPEExpedia Group Inc New | 12,670 | $3.2M | 0.3% |
| 42 | KOCoca-Cola Co | 39,772 | $3.2M | 0.3% |
| 43 | SYKStryker Corp | 10,025 | $3.2M | 0.2% |
| 44 | RSGRepublic Services Inc | 14,459 | $3.1M | 0.2% |
| 45 | PRUPrudential Financial Inc | 28,540 | $3.1M | 0.2% |
| 46 | AMZNAmazon.com Inc | 12,887 | $3.1M | 0.2% |
| 47 | TJXTJX Companies Inc | 20,159 | $3.1M | 0.2% |
| 48 | NEENextera Energy Inc | 34,658 | $3.0M | 0.2% |
| 49 | TOLToll Brothers Inc | 18,086 | $3.0M | 0.2% |
| 50 | TMUST Mobile US Inc | 17,473 | $2.9M | 0.2% |
| 51 | EAElectronic Arts Inc | 14,127 | $2.9M | 0.2% |
| 52 | XLEState Street Energy Select Sec | 54,244 | $2.9M | 0.2% |
| 53 | XLIState Street Industrial Select | 14,013 | $2.6M | 0.2% |
| 54 | METAMeta Platforms Inc | 4,553 | $2.6M | 0.2% |
| 55 | GOOGAlphabet Inc Cap Stk Cl C | 7,019 | $2.5M | 0.2% |
| 56 | DRIDarden Restaurants Inc | 11,096 | $2.3M | 0.2% |
| 57 | OSKOshkosh Corporation | 14,778 | $2.3M | 0.2% |
| 58 | ICEIntercontinental Exchange Inc | 17,807 | $2.2M | 0.2% |
| 59 | GLWCorning Inc | 8,538 | $2.2M | 0.2% |
| 60 | LOWLowe's Companies Inc | 9,726 | $2.1M | 0.2% |
| 61 | AMDAdvanced Micro Devices Inc | 3,600 | $2.1M | 0.2% |
| 62 | HWMHowmet Aerospace Inc | 7,638 | $2.1M | 0.2% |
| 63 | QCOMQualcomm Inc | 10,546 | $1.9M | 0.2% |
| 64 | PMPhilip Morris International In | 10,548 | $1.9M | 0.1% |
| 65 | AEPAmerican Electric Power Inc | 13,845 | $1.9M | 0.1% |
| 66 | SLBSLB Limited | 40,368 | $1.9M | 0.1% |
| 67 | IQVIqvia Holdings Inc | 9,340 | $1.8M | 0.1% |
| 68 | ABBVAbbvie Inc Com | 7,047 | $1.8M | 0.1% |
| 69 | IWBiShares Russell 1000 ETF | 4,244 | $1.7M | 0.1% |
| 70 | NFLXNetflix Inc | 22,065 | $1.6M | 0.1% |
| 71 | GLDSpdr Gold Trust | 4,247 | $1.6M | 0.1% |
| 72 | VBVanguard Small-Cap ETF | 5,070 | $1.5M | 0.1% |
| 73 | KRKroger Co | 27,577 | $1.5M | 0.1% |
| 74 | XLYState Street Consumer Dis Sele | 12,902 | $1.5M | 0.1% |
| 75 | CLColgate-Palmolive Co | 16,294 | $1.5M | 0.1% |
| 76 | IWMiShares Russell 2000 | 4,950 | $1.5M | 0.1% |
| 77 | ASMLASML Holding N V N Y Registry | 734 | $1.5M | 0.1% |
| 78 | BRK/BBerkshire Hathaway INC-CL B | 2,838 | $1.4M | 0.1% |
| 79 | ATIATI Inc | 7,158 | $1.4M | 0.1% |
| 80 | APOApollo Global Mgmt Inc | 11,607 | $1.4M | 0.1% |
| 81 | XLFFinancial Select Sector SPDR E | 24,095 | $1.3M | 0.1% |
| 82 | IWOiShares Russell 2000 Growth | 3,132 | $1.2M | 0.1% |
| 83 | JNJJohnson & Johnson | 4,776 | $1.2M | 0.1% |
| 84 | MRKMerck & Co Inc | 9,062 | $1.2M | 0.1% |
| 85 | VOXVanguard Communication SVCS ET | 6,200 | $1.1M | 0.1% |
| 86 | WMTWal-Mart Inc | 9,601 | $1.1M | 0.1% |
| 87 | ETNEaton Corp PLC | 2,446 | $1.0M | 0.1% |
| 88 | VOVanguard Mid-Cap ETF | 12,820 | $1.0M | 0.1% |
| 89 | PLTRPalantir Technologies Inc | 8,758 | $1.0M | 0.1% |
| 90 | IWNiShares Russell 2000 Value | 4,604 | $1.0M | 0.1% |
| 91 | NULVNuveen ESG Large Cap Value | 19,006 | $950,110 | 0.1% |
| 92 | CTASimplify Managed Futures ETF | 35,851 | $929,975 | 0.1% |
| 93 | MRVLMarvell Technology Group LTD | 3,001 | $893,968 | 0.1% |
| 94 | CRMSalesforce Inc. | 5,594 | $876,356 | 0.1% |
| 95 | TDGTransdigm Group Inc | 654 | $871,154 | 0.1% |
| 96 | AMATApplied Materials Inc | 1,197 | $865,431 | 0.1% |
| 97 | USMViShares Edge MSCI Min Vol USA | 8,694 | $838,623 | 0.1% |
| 98 | BLKBlackrock Inc New | 837 | $804,826 | 0.1% |
| 99 | PGProcter & Gamble Co | 5,473 | $802,561 | 0.1% |
| 100 | XLCState Street Comm Svcs Select | 7,317 | $783,870 | 0.1% |
Source: SEC Form 13F-HR filed by First Business Financial Services, Inc. (CIK 1521951), reporting period 2026-06-30. Values are quarter-end filed marks. Research, not investment advice.