Fund Holdings

FIRST BUSINESS FINANCIAL SERVICES, INC.

Filing Period:
Securities
SharesValue ($K)
Q2 2025
Q3 2025
Change
Q2 2025
Q3 2025
Weight (%)
Change
Alphabet Inc Cap Stk Cl A(GOOG)40,74838,376-2,3727,181,0209,329,2060.86%+2,148,186
Apple Inc(AAPL)59,63156,477-3,15412,234,49214,380,7391.32%+2,146,247
SPDR S&P 500 ETF(SPY)43,99543,791-20427,182,31129,172,6882.68%+1,990,377
Arista Networks Inc(ANET)65,87657,092-8,7846,739,7748,318,8750.76%+1,579,101
Ciena Corp(CIEN)27,68025,956-1,7242,251,2143,781,0110.35%+1,529,797
Nvidia Corp(NVDA)101,71393,654-8,05916,069,63717,473,9631.60%+1,404,326
Caterpillar Inc(CAT)14,66714,66705,693,8766,998,3590.64%+1,304,483
American Electric Power Inc010,599+10,59901,192,3880.11%+1,192,388
Broadcom Inc(AVGO)39,93736,835-3,10211,008,63412,152,2351.11%+1,143,601
iShares Core US Aggregate Bond356,904363,294+6,39035,404,87736,420,2243.34%+1,015,347
iShares Russell 1000 Growth ET205,395187,768-17,62787,206,60987,952,4098.07%+745,800
Microsoft Corp(MSFT)18,12318,803+6809,014,5619,739,0140.89%+724,453
Lam Research Corporation(LRCX)29,28026,211-3,0692,850,1153,509,6530.32%+659,538
Technology Select Sector SPDR18,24918,24904,621,1945,143,6630.47%+522,469
Oklo Inc.(OKLO)5,0006,650+1,650279,950742,3400.07%+462,390
Alphabet Inc Cap Stk Cl C(GOOG)7,4167,216-2001,315,5241,757,4570.16%+441,933
Toll Brothers Inc(TOL)14,01514,579+5641,599,5322,013,9430.18%+414,411
Expedia Group Inc New(EXPE)11,40610,616-7901,923,9642,269,1700.21%+345,206
iShares Edge MSCI USA Momentum20,33520,33504,886,9075,214,9110.48%+328,004
Nucor Corp(NUE)15,58117,203+1,6222,018,3632,329,8020.21%+311,439
Abbvie Inc Com(ABBV)7,4287,278-1501,378,7851,685,1480.15%+306,363
JPMorgan Ultra-Short Income ET197,067202,797+5,7309,987,35610,287,8920.94%+300,536
Amazon.com Inc(AMZN)9,56910,929+1,3602,099,3432,399,6810.22%+300,338
iShares S&P 500 Core5,8735,87303,646,5463,930,7990.36%+284,253
Spdr Gold Trust Shs(GLD)5,1805,18001,579,0191,841,3350.17%+262,316
Electronic Arts Inc(EA)16,94914,682-2,2672,706,7552,961,3590.27%+254,604
Corning Inc(GLW)8,3698,3690440,126686,5090.06%+246,383
Citigroup Inc(C)38,85234,915-3,9373,307,0823,543,8730.33%+236,791
Palantir Technologies Inc(PLTR)9,1988,116-1,0821,253,8711,480,5210.14%+226,650
Phillips 66(PSX)01,631+1,6310221,8490.02%+221,849
Marathon Petroleum Corp(MPC)01,116+1,1160215,0980.02%+215,098
Bank of America Corp71,54369,648-1,8953,385,4153,593,1400.33%+207,725
Quanta Services Inc14,62813,845-7835,530,5545,737,6450.53%+207,091
PPL Corp(PPL)05,553+5,5530206,3490.02%+206,349
Charles River Labs Intl(CRL)01,300+1,3000203,3980.02%+203,398
Wells Fargo & Co(WFC)02,425+2,4250203,2640.02%+203,264
Oshkosh Corporation(OSK)11,74211,845+1031,333,1871,536,2970.14%+203,110
Gilead Sciences Inc(GILD)01,806+1,8060200,4660.02%+200,466
Berkshire Hathaway Inc Class A6604,372,8004,525,2000.42%+152,400
iShares National Muni Bond ETF43,04243,656+6144,497,0284,648,9270.43%+151,899
Consumer Discr Select Sect SPD6,4516,45101,401,9961,545,9180.14%+143,922
TE Connectivity PLC ADR(TEL)2,8002,8000472,276614,6840.06%+142,408
ASML Holding N V N Y Registry7377370590,624713,4820.07%+122,858
Johnson & Johnson(JNJ)5,2144,947-267796,439917,2730.08%+120,834
JPMorgan Chase & Co(JPM)33,95031,583-2,3679,842,4459,962,2260.91%+119,781
Ishares Silver Trust(SLV)12,23012,2300401,266518,1850.05%+116,919
Oracle Corp(ORCL)1,8141,8140396,595510,1690.05%+113,574
Energy Select Sector SPDR ETF27,25227,122-1302,311,2422,423,0790.22%+111,837
Alliant Energy Corp(LNT)15,61415,6140944,1791,052,5400.10%+108,361
Iqvia Holdings Inc(IQV)9,4668,422-1,0441,491,7471,599,6750.15%+107,928
iShares Russell 2000 Growth3,1323,1320895,3141,002,3650.09%+107,051
Vanguard Communication SVCS ET6,2006,20001,060,3861,163,9260.11%+103,540
TJX Companies Inc(TJX)20,02517,798-2,2272,472,8872,572,5230.24%+99,636
Blackrock Inc New(BLK)8318310871,927968,8380.09%+96,911
Industrials Select Sector SPDR14,01314,01302,067,1982,161,2250.20%+94,027
Ameren Corporation(AEE)11,15511,15501,071,3261,164,3590.11%+93,033
Netflix Inc(NFLX)1,7181,995+2772,300,6252,391,8450.22%+91,220
iShares Russell 2000 Value4,6044,6040726,327814,0330.07%+87,706
Cummins Inc(CMI)8248240269,860348,0330.03%+78,173
Advanced Micro Devices Inc(AMD)3,5363,5360501,758572,0890.05%+70,331
Communication Sector Select SP7,0577,0570765,896835,3370.08%+69,441
Home Depot Inc(HD)1,7951,7950658,119727,3160.07%+69,197
Xcel Energy Inc.(XEL)4,1624,312+150283,432347,7630.03%+64,331
Vanguard Index Growth1,5021,5020658,477720,3740.07%+61,897
Altria Group Inc(MO)7,1167,1160417,211470,0830.04%+52,872
General Dynamics Corp(GD)9,8058,540-1,2652,859,7262,912,1400.27%+52,414
GE Aerospace(GE)1,1921,1920306,809358,5770.03%+51,768
Lowe's Companies Inc(LOW)8,9338,088-8451,981,9652,032,5950.19%+50,630
Pepsico Inc(PEP)4,9825,042+60657,823708,0980.06%+50,275
Bank Of Montreal ADR2,4922,4920275,690324,5830.03%+48,893
PNC Financial Services Group I(PNC)3,3413,3410622,829671,3070.06%+48,478
Under Armour Inc(UA)010,000+10,000048,3000.00%+48,300
Chevron Corp(CVX)5,8075,649-158831,504877,2330.08%+45,729
Wal-Mart Inc(WMT)8,6108,592-18841,886885,4920.08%+43,606
Vanguard Information Technolog5195190344,242387,5010.04%+43,259
Vanguard Mid-Cap ETF2,9692,9690830,815872,1140.08%+41,299
Morgan Stanley(MS)2,0842,0840293,552331,2730.03%+37,721
Southern Company(SO)7,0507,225+175647,402684,7130.06%+37,311
Goldman Sachs Group Inc(GS)4114110290,885327,3000.03%+36,415
Financial Select Sector SPDR E24,09524,09501,261,8551,297,9980.12%+36,143
Douglas Dynamics Inc(PLOW)20,00020,0000589,400625,2000.06%+35,800
Eaton Corp PLC(ETN)2,0622,0620736,113771,7040.07%+35,591
Ishares Tr Global Tech ETF3,1433,1430290,225324,3890.03%+34,164
Nuveen ESG Large Cap Value21,24921,003-246890,652920,4980.08%+29,846
Parker Hannifin Corp(PH)4704700328,281356,3310.03%+28,050
Toro Co5,0005,0000353,400381,0000.03%+27,600
Vanguard Index Value2,6892,6890475,254501,4720.05%+26,218
SPDRA S&P MidCap 400 ETF(MDY)8878870502,468528,6790.05%+26,211
McDonald's Corp(MCD)2,2292,2290651,247677,3710.06%+26,124
Hca Healthcare Inc Com(HCA)5915910226,412251,8840.02%+25,472
Applied Materials Inc1,1141,1140203,940228,0800.02%+24,140
Merck & Co Inc(MRK)9,0518,824-227716,477740,5980.07%+24,121
iShares MSCI ACWI ex US5,9055,9050359,851383,8840.04%+24,033
Fidelity Enhanced Large Cap ET5,7005,7000211,071234,3840.02%+23,313
US Bancorp(USB)11,63111,368-263526,303549,4150.05%+23,112
Utilities Select Sector SPDR E3,9523,9520322,720344,6540.03%+21,934
Global X US Infr Dev ETF5,4015,4010235,376257,2500.02%+21,874
Gopro Inc010,000+10,000021,2000.00%+21,200
STRATTEC Security Corporation3,5983,5980223,832244,8800.02%+21,048
Marvell Technology Group LTD(MRVL)3,1363,1360242,726263,6440.02%+20,918
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