← Back to Discover
FIRST BUSINESS FINANCIAL SERVICES, INC.
Period ended Sep 30, 2026 · Latest filing Oct 29, 2026
These quarterly holdings are delayed and may not include all assets or short positions.
Values are from the reporting date, not current prices or purchase costs.
The same security may appear in multiple rows.
Source: SEC
Reported portfolio value
Quarter-end reported holdings; not current value or investment performance.
View reported values
- Sep 30, 2026: $1,280,298,787
More quarters will appear as history becomes available.
Top holdings
Top 10 at Sep 30, 2026. Matching entries are combined; security classes and options remain separate. Shares exclude principal amounts; option shares reflect the reported underlying amount.
View top holdings values
- Vanguard Total Stock Market ET · Com · 922908769 · shares: $297,602,010
- iShares Core MSCI EAFE ETF · Com · 46432F842 · shares: $151,168,742
- iShares Russell 1000 Growth ET · Com · 464287614 · shares: $92,166,057
- iShares Core S&P Small-Cap ETF · Com · 464287804 · shares: $68,468,252
- iShares Russell 1000 Value ETF · Com · 464287598 · shares: $65,550,461
- iShares Core Dividend Growth · Com · 46434V621 · shares: $63,878,399
- iShares Core US Aggregate Bond · Com · 464287226 · shares: $39,954,873
- State Street SPDR S&P 500 ETF · Com · 78462F103 · shares: $33,314,729
- Nvidia Corp · Com · 67066G104 · shares: $23,979,672
- First Business Financial Servi · Com · 319390100 · shares: $22,504,059
Reported holdings
207 reported entries| Issuer | Class | CUSIP | Type | Shares / principal | Reported value (USD) |
|---|---|---|---|---|---|
| Cintas Corporation | Com | 172908105 | — | 4,021 shares | $784,336 |
| State Street Comm Svcs Select | Com | 81369Y852 | — | 7,057 shares | $783,115 |
| Weyco Group Inc | Com | 962149100 | — | 15,388 shares | $744,933 |
| Mastercard Inc Cl A | Com | 57636Q104 | — | 1,296 shares | $714,705 |
| Transdigm Group Inc | Com | 893641100 | — | 654 shares | $708,020 |
| Mondelez Intl Inc Class A | Com | 609207105 | — | 12,208 shares | $705,867 |
| Illinois Tool Works Inc | Com | 452308109 | — | 2,527 shares | $650,147 |
| Ishares Silver Trust | Com | 46428Q109 | — | 11,830 shares | $644,853 |
| Applied Materials Inc | Com | 038222105 | — | 1,197 shares | $612,122 |
| Chevron Corp | Com | 166764100 | — | 2,972 shares | $606,912 |
| Ameriprise Financial Inc | Com | 03076C106 | — | 1,230 shares | $605,591 |
| Cummins Inc | Com | 231021106 | — | 1,163 shares | $600,771 |
| International Business Machine | Com | 459200101 | — | 2,666 shares | $586,333 |
| STATE STREET SPDR S&P MIDCAP 4 | Com | 78467Y107 | — | 887 shares | $582,502 |
| Vanguard Morningstar Value ETF | Com | 922908744 | — | 2,689 shares | $581,039 |
| Abbott Laboratories | Com | 002824100 | — | 5,860 shares | $579,144 |
| Altria Group Inc | Com | 02209S103 | — | 8,384 shares | $564,579 |
| Tetra Tech Inc New | Com | 88162G103 | — | 16,820 shares | $554,219 |
| McKesson Corp | Com | 58155Q103 | — | 643 shares | $549,000 |
| Hilton Worldwide Hldgs Inc | Com | 43300A203 | — | 1,705 shares | $542,395 |
| Visa Inc | Com | 92826C839 | — | 1,494 shares | $536,839 |
| iShares MSCI EAFE ETF | Com | 464287465 | — | 5,128 shares | $532,748 |
| Intuitive Surgical Inc | Com | 46120E602 | — | 1,298 shares | $527,806 |
| Vanguard Information Technolog | Com | 92204A702 | — | 4,152 shares | $521,782 |
| MGE Energy Inc | Com | 55277P104 | — | 7,458 shares | $517,958 |
| Blackstone Inc | Com | 09260D107 | — | 4,589 shares | $514,381 |
| GE Aerospace | Com | 369604301 | — | 1,638 shares | $511,531 |
| TE Connectivity PLC ADR | Com | G87052109 | — | 2,375 shares | $501,315 |
| Caterpillar Inc | Com | 149123101 | — | 601 shares | $487,285 |
| Pepsico Inc | Com | 713448108 | — | 3,736 shares | $473,426 |
| Ishares Tr Global Tech ETF | Com | 464287291 | — | 3,143 shares | $465,855 |
| Bank Of Montreal ADR | Com | 063671101 | — | 2,785 shares | $465,791 |
| Vanguard FTSE Developed Market | Com | 921943858 | — | 6,562 shares | $463,343 |
| Parker Hannifin Corp | Com | 701094104 | — | 470 shares | $449,047 |
| American Express CO | Com | 025816109 | — | 1,475 shares | $448,548 |
| iShares MSCI ACWI ex US | Com | 464288240 | — | 5,905 shares | $446,536 |
| Micron Technology Inc | Com | 595112103 | — | 415 shares | $442,021 |
| Southern Company | Com | 842587107 | — | 5,324 shares | $441,306 |
| GE Vernova Inc | Com | 36828A101 | — | 444 shares | $422,018 |
| Phillips 66 | Com | 718546104 | — | 1,642 shares | $419,219 |
| Alliant Energy Corp | Com | 018802108 | — | 6,491 shares | $410,880 |
| Home Depot Inc | Com | 437076102 | — | 1,434 shares | $407,959 |
| Morgan Stanley | Com | 617446448 | — | 2,136 shares | $401,739 |
| Union Pacific Corp | Com | 907818108 | — | 1,437 shares | $391,051 |
| Thomson Reuters Corp NPV | Com | 884903881 | — | 3,942 shares | $383,675 |
| Charles River Labs Intl | Com | 159864107 | — | 1,300 shares | $383,513 |
| United States Commodity Index | Com | 911717106 | — | 3,477 shares | $380,436 |
| Duke Energy Corp | Com | 26441C204 | — | 3,273 shares | $373,155 |
| W.W. Grainger Inc | Com | 384802104 | — | 295 shares | $367,499 |
| Palo Alto Networks Inc | Com | 697435105 | — | 897 shares | $356,387 |
| Global X US Infr Dev ETF | Com | 37954Y673 | — | 6,591 shares | $346,028 |
| Aon PLC Shs Cl A | Com | G0403H108 | — | 1,242 shares | $343,748 |
| Waste Mgmt Inc Del | Com | 94106L109 | — | 1,685 shares | $343,605 |
| Servicenow Inc | Com | 81762P102 | — | 2,560 shares | $343,066 |
| Marathon Petroleum Corp | Com | 56585A102 | — | 857 shares | $338,875 |
| Goldman Sachs Group Inc | Com | 38141G104 | — | 371 shares | $334,034 |
| Woodward Inc | Com | 980745103 | — | 1,000 shares | $328,590 |
| State St SPDR Port Developed W | Com | 78463X889 | — | 6,444 shares | $323,553 |
| State Street Utilities Select | Com | 81369Y886 | — | 7,904 shares | $311,734 |
| Rockwell Automation Inc | Com | 773903109 | — | 712 shares | $309,955 |
| Gilead Sciences Inc | Com | 375558103 | — | 2,066 shares | $307,937 |
| Pulte Group Inc Com | Com | 745867101 | — | 2,626 shares | $304,774 |
| Thermo Fisher Scientific Inc | Com | 883556102 | — | 445 shares | $300,397 |
| Seagate Technology Hldngs Plc | Com | G7997R103 | — | 321 shares | $296,071 |
| Intel Corp | Com | 458140100 | — | 2,450 shares | $294,564 |
| Xcel Energy Inc. | Com | 98389B100 | — | 4,178 shares | $294,465 |
| Capital One Finl Corp Com | Com | 14040H105 | — | 1,507 shares | $290,956 |
| Constellation Energy Corp | Com | 21037T109 | — | 1,137 shares | $288,821 |
| Iron Mtn Inc | Com | 46284V101 | — | 2,593 shares | $287,693 |
| Republic Services Inc | Com | 760759100 | — | 1,363 shares | $286,053 |
| Oracle Corp | Com | 68389X105 | — | 2,058 shares | $282,563 |
| Shopify Inc Cl A | Com | 82509L107 | — | 1,905 shares | $282,512 |
| US Bancorp | Com | 902973304 | — | 4,683 shares | $270,490 |
| UnitedHealth Group Inc | Com | 91324P102 | — | 736 shares | $270,171 |
| iShares S&P 500 Growth | Com | 464287309 | — | 1,863 shares | $265,030 |
| ConocoPhillips | Com | 20825C104 | — | 2,097 shares | $262,440 |
| Taiwan Semiconductor MFG LTD A | Com | 874039100 | — | 567 shares | $258,660 |
| Verizon Communications Inc | Com | 92343V104 | — | 5,484 shares | $251,551 |
| Fortinet Inc | Com | 34959E109 | — | 1,390 shares | $248,476 |
| Fidelity Enhanced Large Cap ET | Com | 31609A305 | — | 5,500 shares | $247,995 |
| VANGUARD MORNINGSTAR MEGA CAP | Com | 921910840 | — | 1,536 shares | $247,434 |
| Wisdomtree Tr US Qtly Div Grt | Com | 97717X669 | — | 2,543 shares | $247,281 |
| Microchip Technology Inc | Com | 595017104 | — | 3,136 shares | $243,887 |
| Linde PLC | Com | G54950103 | — | 513 shares | $243,495 |
| Abrdn Physical Gold Shares ETF | Com | 00326A104 | — | 6,096 shares | $241,158 |
| Uber Technologies Inc | Com | 90353T100 | — | 3,512 shares | $240,607 |
| Norfolk Southern Corp | Com | 655844108 | — | 776 shares | $239,784 |
| Arthur J. Gallagher & Co | Com | 363576109 | — | 1,037 shares | $236,550 |
| Goldman Sachs Nasdaq-100 Premi | Com | 38149W630 | — | 4,071 shares | $236,037 |
| Essential Utilities, Inc | Com | 29670G102 | — | 6,000 shares | $235,140 |
| STRATTEC Security Corporation | Com | 863111100 | — | 3,598 shares | $233,726 |
| Amdocs Ltd ADR | Com | G02602103 | — | 4,046 shares | $231,350 |
| Goldman Sachs S&P 500 Premium | Com | 38149W622 | — | 4,076 shares | $227,563 |
| Valero Energy Corp | Com | 91913Y100 | — | 584 shares | $226,364 |
| Amgen Inc | Com | 031162100 | — | 537 shares | $226,351 |
| FT Vest Rising Dividend Target | Com | 33738D879 | — | 8,052 shares | $224,490 |
| Shell Plc ADR | Com | 780259305 | — | 2,358 shares | $224,128 |
| EOG Res Inc | Com | 26875P101 | — | 1,625 shares | $223,860 |
| iShares Russell Mid-Cap Value | Com | 464287473 | — | 1,377 shares | $221,339 |
| The Charles Schwab Corp | Com | 808513105 | — | 2,250 shares | $219,915 |