FIRST BUSINESS FINANCIAL SERVICES, INC.
•CIK: 1521951•Filing: Q4 2025
**FIRST BUSINESS FINANCIAL SERVICES, INC.** manages $1.1B across a diversified portfolio of 168 positions. The fund exhibits a significant allocation to broad market equity exposure, notably holding VTI at $264.5M and IEFA at $135.4M. Key tactical overweightings include IWF ($86.2M) and IJR ($59.2M), suggesting a focus on growth and international market capture. This structure indicates a core mandate built on broad index tracking supplemented by targeted sector and geographic tilts.
Total AUM
$1.1B
QoQ Performance
-0.1%
Positions
168
Top 10 Concentration
72.6%
Latest Filing
Q4 2025
Top Holdings Allocation
VTI
IEFA
IWF
IJR
DGRO
IWD
VTI24.3%
IEFA12.4%
IWF7.9%
IJR5.4%
DGRO5.2%
IWD5.1%
IJH4.2%
AGG3.5%
📈 Biggest Buys
📉 Biggest Sells
Sector Breakdown
Other82.3%
Technology7.9%
ETF3.1%
Financial2.5%
Healthcare1.0%
Consumer0.9%
Consumer Staples0.5%
Communication0.5%
🚪 Exited Positionssold since Q3 2025
+14 more exited positions
Changes from Q3 2025
NEW2 new positions
↑53 increased
↓65 decreased
Historical Filings
Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023