First Business Financial Services, Inc 13F annual report
First Business Financial Services, Inc is an investment fund managing more than $943 billion ran by Brendan Freeman. There are currently 157 companies in Mr. Freeman’s portfolio. The largest investments include Vanguard Total Stock Market Et and Ishares Core Msci Eafe Etf, together worth $362 billion.
$943 billion Assets Under Management (AUM)
As of 26th July 2024, First Business Financial Services, Inc’s top holding is 905,198 shares of Vanguard Total Stock Market Et currently worth over $242 billion and making up 25.7% of the portfolio value.
In addition, the fund holds 1,655,308 shares of Ishares Core Msci Eafe Etf worth $120 billion.
The third-largest holding is Ishares Russell 1000 Growth Et worth $76.8 billion and the next is Ishares Core S&p Small-cap Etf worth $59.2 billion, with 555,427 shares owned.
Currently, First Business Financial Services, Inc's portfolio is worth at least $943 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at First Business Financial Services, Inc
The First Business Financial Services, Inc office and employees reside in Madison, Wisconsin. According to the last 13-F report filed with the SEC, Brendan Freeman serves as the President, Private Wealth at First Business Financial Services, Inc.
Recent trades
In the most recent 13F filing, First Business Financial Services, Inc revealed that it had opened a new position in
Equinix Inc and bought 2,358 shares worth $1.78 billion.
This means they effectively own approximately 0.1% of the company.
Equinix Inc makes up
38.4%
of the fund's Real Estate sector allocation and has grown its share price by 0.7% in the past year.
The investment fund also strengthened its position in Vanguard Total Stock Market Et by buying
113 additional shares.
This makes their stake in Vanguard Total Stock Market Et total 905,198 shares worth $242 billion.
On the other hand, there are companies that First Business Financial Services, Inc is getting rid of from its portfolio.
First Business Financial Services, Inc closed its position in Johnson Controls Intl, Plc on 2nd August 2024.
It sold the previously owned 18,878 shares for $1.23 billion.
Brendan Freeman also disclosed a decreased stake in Ishares Core Msci Eafe Etf by approximately 0.1%.
This leaves the value of the investment at $120 billion and 1,655,308 shares.
One of the average hedge funds
The two most similar investment funds to First Business Financial Services, Inc are Pegasus Partners and Global Endowment Management, L.P.. They manage $943 billion and $944 billion respectively.
Brendan Freeman investment strategy
First Business Financial Services, Inc’s portfolio is diversified across 13 sectors.
Currently, their heaviest sector is Technology — making up 5.1% of
the total portfolio value.
The fund focuses on investments in the United States as
52.9% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
52% of the total holdings value.
On the other hand, small-cap stocks make up only 0.6% of the portfolio.
The average market cap of the portfolio companies is close to $178 billion.
The complete list of First Business Financial Services, Inc trades based on 13F SEC filings
These positions were updated on August 2nd based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Vanguard Total Stock Market Et |
0.01%
905,198
|
$242,149,517,000 | 25.67% |
| Ishares Core Msci Eafe Etf |
0.39%
1,655,308
|
$120,241,573,000 | 12.75% |
| Ishares Russell 1000 Growth Et |
0.97%
210,627
|
$76,775,648,000 | 8.14% |
| Ishares Core S&p Small-cap Etf |
0.40%
555,427
|
$59,241,844,000 | 6.28% |
| Ishares Core Dividend Growth |
2.43%
888,216
|
$51,170,124,000 | 5.42% |
| Ishares Russell 1000 Value Etf |
0.40%
287,183
|
$50,104,818,000 | 5.31% |
| Ishares Core Us Aggregate Bond |
0.36%
462,359
|
$44,881,188,000 | 4.76% |
| Ishares Core S&p Mid-cap Etf |
0.51%
759,502
|
$44,446,057,000 | 4.71% |
| Spdr S&p 500 Etf |
1.23%
44,575
|
$24,258,607,000 | 2.57% |
| First Business Financial Servi |
1.01%
353,718
|
$13,084,029,000 | 1.39% |
| Jpmorgan Ultra-short Income Et |
0.37%
225,460
|
$11,378,966,000 | 1.21% |
| Apple Inc |
1.78%
52,686
|
$11,096,725,000 | 1.18% |
| NVIDIA Corp |
998.01%
75,543
|
$9,332,582,000 | 0.99% |
| Microsoft Corporation |
3.37%
18,106
|
$8,092,477,000 | 0.86% |
| Alphabet Inc Cap Stk Cl A |
1.45%
36,231
|
$6,599,477,000 | 0.70% |
| JPMorgan Chase & Co. |
3.76%
30,195
|
$6,107,241,000 | 0.65% |
| Broadcom Inc |
0.61%
3,787
|
$6,080,142,000 | 0.64% |
| Fiserv, Inc. |
No change
36,173
|
$5,391,224,000 | 0.57% |
| Lilly Eli Co |
4.47%
5,538
|
$5,013,994,000 | 0.53% |
| Arista Networks Inc |
7.14%
14,122
|
$4,949,479,000 | 0.52% |
| Ishares Edge Msci Usa Momentum |
No change
20,335
|
$3,962,681,000 | 0.42% |
| Ishares S&p 500 Core |
No change
5,873
|
$3,213,882,000 | 0.34% |
| Costco Wholesale Corp |
10.33%
3,610
|
$3,068,464,000 | 0.33% |
| Analog Devices Inc. |
1.03%
13,272
|
$3,029,467,000 | 0.32% |
| Technology Select Sector Spdr |
0.75%
13,285
|
$3,005,466,000 | 0.32% |
| Lam Research Corp. |
No change
2,772
|
$2,951,764,000 | 0.31% |
| Quanta Services, Inc. |
3.42%
11,343
|
$2,882,143,000 | 0.31% |
| Cencora Inc. |
4.45%
12,718
|
$2,865,365,000 | 0.30% |
| Exxon Mobil Corp. |
2.95%
23,856
|
$2,746,303,000 | 0.29% |
| Stryker Corp. |
15.57%
7,703
|
$2,620,946,000 | 0.28% |
| Energy Select Sector Spdr Etf |
0.48%
27,252
|
$2,484,020,000 | 0.26% |
| Citigroup Inc |
0.35%
38,104
|
$2,418,080,000 | 0.26% |
| T-Mobile US Inc |
2.15%
13,328
|
$2,348,127,000 | 0.25% |
| Republic Services, Inc. |
6.42%
11,936
|
$2,319,642,000 | 0.25% |
| Cisco Systems, Inc. |
4.44%
47,650
|
$2,263,852,000 | 0.24% |
| Texas Instruments Inc. |
8.05%
11,578
|
$2,252,268,000 | 0.24% |
| Bank Of America Corp. |
3.28%
56,148
|
$2,233,006,000 | 0.24% |
| Unitedhealth Group Inc |
1.85%
4,243
|
$2,160,790,000 | 0.23% |
| TJX Companies, Inc. |
3.31%
19,027
|
$2,094,873,000 | 0.22% |
| Corteva Inc |
14.45%
36,971
|
$1,994,216,000 | 0.21% |
| Intercontinental Exchange Inc |
5.55%
14,534
|
$1,989,559,000 | 0.21% |
| Qualcomm, Inc. |
6.34%
9,967
|
$1,985,227,000 | 0.21% |
| Electronic Arts, Inc. |
3.68%
14,066
|
$1,959,816,000 | 0.21% |
| IQVIA Holdings Inc |
8.12%
9,213
|
$1,947,997,000 | 0.21% |
| Prudential Financial, Inc. |
0.55%
16,574
|
$1,942,307,000 | 0.21% |
| Lowe's Companies Inc |
2.83%
8,585
|
$1,892,649,000 | 0.20% |
| Csx Corp Com |
7.40%
55,469
|
$1,855,438,000 | 0.20% |
| Equinix Inc |
Opened
2,358
|
$1,784,063,000 | 0.19% |
| Walt Disney Company |
5.64%
17,839
|
$1,771,234,000 | 0.19% |
| Industrials Select Sector Spdr |
No change
14,013
|
$1,707,764,000 | 0.18% |
| Amazon.com Inc. |
2.01%
8,798
|
$1,700,214,000 | 0.18% |
| Ishares Russell 1000 Etf |
No change
5,578
|
$1,659,678,000 | 0.18% |
| General Dynamics Corp. |
2.80%
5,697
|
$1,652,928,000 | 0.18% |
| Schlumberger Ltd. |
3.11%
32,980
|
$1,555,996,000 | 0.16% |
| Adobe Inc |
32.62%
2,753
|
$1,529,402,000 | 0.16% |
| NextEra Energy Inc |
437.22%
21,591
|
$1,528,859,000 | 0.16% |
| Darden Restaurants, Inc. |
8.98%
10,061
|
$1,522,431,000 | 0.16% |
| Coca-Cola Co |
1.89%
23,335
|
$1,485,273,000 | 0.16% |
| Accenture plc |
37.40%
4,639
|
$1,407,519,000 | 0.15% |
| Hilton Worldwide Holdings Inc |
Opened
6,415
|
$1,399,753,000 | 0.15% |
| Alphabet Inc Cap Stk Cl C |
1.34%
7,390
|
$1,355,474,000 | 0.14% |
| Elevance Health Inc |
3.37%
2,485
|
$1,346,522,000 | 0.14% |
| Ishares Edge Msci Min Vol Usa |
No change
15,793
|
$1,325,980,000 | 0.14% |
| Thermo Fisher Scientific Inc. |
546.58%
2,360
|
$1,305,080,000 | 0.14% |
| Procter & Gamble Co. |
11.46%
7,843
|
$1,293,468,000 | 0.14% |
| Kroger Co. |
4.50%
25,583
|
$1,277,359,000 | 0.14% |
| Abbvie Inc |
13.94%
7,365
|
$1,263,245,000 | 0.13% |
| Johnson Controls Intl, Plc |
Closed
18,878
|
$1,233,111,000 | |
| Expedia Group Inc |
5.84%
9,747
|
$1,228,025,000 | 0.13% |
| Eog Res Inc |
1.95%
9,745
|
$1,226,603,000 | 0.13% |
| Ishares Russell 2000 |
No change
5,923
|
$1,201,717,000 | 0.13% |
| Spdr Gold Trust Shs |
No change
5,500
|
$1,182,555,000 | 0.13% |
| Merck & Co Inc |
4.24%
9,466
|
$1,171,891,000 | 0.12% |
| Vanguard Small-cap Etf |
No change
5,129
|
$1,118,327,000 | 0.12% |
| Lululemon Athletica inc. |
Opened
3,630
|
$1,084,281,000 | 0.11% |
| Philip Morris International In |
5.27%
10,596
|
$1,073,693,000 | 0.11% |
| Consumer Discr Select Sect Spd |
No change
5,651
|
$1,030,742,000 | 0.11% |
| Essential Utilities Inc |
Closed
26,753
|
$991,199,000 | |
| Financial Select Sector Spdr E |
No change
24,095
|
$990,545,000 | 0.11% |
| Pepsico Inc |
54.78%
5,692
|
$938,782,000 | 0.10% |
| Mondelez Intl Inc Class A |
6.15%
13,502
|
$883,571,000 | 0.09% |
| CIENA Corp. |
3.79%
18,061
|
$870,179,000 | 0.09% |
| Vanguard Communication Svcs Et |
No change
6,200
|
$856,840,000 | 0.09% |
| American Tower Corp. |
Closed
4,302
|
$850,032,000 | |
| Transdigm Group Incorporated |
No change
652
|
$833,002,000 | 0.09% |
| Ishares Russell 2000 Growth |
No change
3,132
|
$822,244,000 | 0.09% |
| Chevron Corp. |
7.58%
5,147
|
$805,094,000 | 0.09% |
| Illinois Tool Works, Inc. |
No change
3,331
|
$789,314,000 | 0.08% |
| Johnson & Johnson |
1.09%
5,382
|
$786,633,000 | 0.08% |
| Allegheny Technologies Inc |
No change
13,455
|
$746,080,000 | 0.08% |
| Tetra Tech, Inc. |
No change
3,511
|
$717,929,000 | 0.08% |
| Ishares Russell 2000 Value |
No change
4,604
|
$701,189,000 | 0.07% |
| Berkshire Hathaway Inc. |
4.48%
1,706
|
$694,001,000 | 0.07% |
| Vanguard Mid-cap Etf |
No change
2,832
|
$685,627,000 | 0.07% |
| Thomson-Reuters Corp |
No change
3,942
|
$664,503,000 | 0.07% |
| Home Depot, Inc. |
0.41%
1,928
|
$663,695,000 | 0.07% |
| Blackrock Inc. |
0.72%
836
|
$658,200,000 | 0.07% |
| Eaton Corp Plc |
0.44%
2,051
|
$643,091,000 | 0.07% |
| Communication Sector Select Sp |
No change
7,057
|
$604,503,000 | 0.06% |
| Mcdonald's Corp |
6.69%
2,314
|
$589,700,000 | 0.06% |
| Abbott Laboratories |
6.83%
5,649
|
$586,988,000 | 0.06% |
| Pnc Financial Services Group I |
1.24%
3,759
|
$584,449,000 | 0.06% |
| MGE Energy, Inc. |
6.23%
7,795
|
$582,442,000 | 0.06% |
| Air Prods Chems Inc |
Closed
2,370
|
$574,180,000 | |
| Vanguard Index Growth |
No change
1,502
|
$561,763,000 | 0.06% |
| Intuitive Surgical Inc |
0.08%
1,239
|
$551,169,000 | 0.06% |
| Wal-mart Inc |
2.26%
8,056
|
$545,472,000 | 0.06% |
| Advanced Micro Devices Inc. |
18.38%
3,331
|
$540,322,000 | 0.06% |
| Meta Platforms Inc |
1.80%
1,016
|
$512,288,000 | 0.05% |
| Spdra S&p Midcap 400 Etf |
No change
917
|
$490,668,000 | 0.05% |
| Aon Plc Shs Cl A |
No change
1,632
|
$479,123,000 | 0.05% |
| Ameriprise Financial Inc |
No change
1,093
|
$466,919,000 | 0.05% |
| Nuveen Esg Large Cap Value |
0.59%
11,776
|
$445,015,000 | 0.05% |
| Corning, Inc. |
No change
11,406
|
$443,123,000 | 0.05% |
| Vanguard Index Value |
No change
2,689
|
$431,342,000 | 0.05% |
| TE Connectivity Ltd |
1.46%
2,841
|
$427,372,000 | 0.05% |
| Novo Nordisk A/s Adr |
No change
2,934
|
$418,799,000 | 0.04% |
| Amdocs Ltd Adr |
No change
5,218
|
$411,805,000 | 0.04% |
| Ishares Msci Eafe Etf |
No change
5,128
|
$401,676,000 | 0.04% |
| Fidelity National Information |
No change
5,284
|
$398,202,000 | 0.04% |
| Mastercard Incorporated |
No change
875
|
$386,015,000 | 0.04% |
| Nike, Inc. |
12.25%
5,013
|
$377,830,000 | 0.04% |
| Union Pacific Corp. |
2.04%
1,652
|
$373,782,000 | 0.04% |
| Visa Inc |
2.09%
1,415
|
$371,395,000 | 0.04% |
| Weyco Group, Inc |
No change
12,096
|
$366,751,000 | 0.04% |
| Charles Schwab Corp. |
23.14%
4,976
|
$366,681,000 | 0.04% |
| Cintas Corporation |
16.18%
513
|
$359,233,000 | 0.04% |
| Us Bancorp |
3.21%
9,042
|
$358,967,000 | 0.04% |
| Waste Mgmt Inc Del |
No change
1,657
|
$353,504,000 | 0.04% |
| Microchip Technology, Inc. |
No change
3,762
|
$344,223,000 | 0.04% |
| International Business Machine |
Closed
1,787
|
$341,246,000 | |
| American Express Co. |
1.45%
1,468
|
$339,915,000 | 0.04% |
| Nice Ltd Sponsored Adr |
No change
1,963
|
$337,577,000 | 0.04% |
| Intel Corp. |
39.54%
10,637
|
$329,428,000 | 0.03% |
| Altria Group Inc. |
12.32%
7,116
|
$324,134,000 | 0.03% |
| Vanguard Ftse Developed Market |
No change
6,514
|
$321,922,000 | 0.03% |
| Ishares Msci Acwi Ex Us |
No change
5,905
|
$313,733,000 | 0.03% |
| Mckesson Corporation |
No change
523
|
$305,453,000 | 0.03% |
| Vanguard Information Technolog |
No change
519
|
$299,250,000 | 0.03% |
| Pfizer Inc. |
Closed
10,350
|
$287,213,000 | |
| AMGEN Inc. |
79.19%
919
|
$287,142,000 | 0.03% |
| Palantir Technologies Inc. |
No change
10,811
|
$273,843,000 | 0.03% |
| Arthur J. Gallagher & Co |
19.43%
1,037
|
$268,904,000 | 0.03% |
| Valero Energy Corp. |
Closed
1,574
|
$268,666,000 | |
| Charles River Labs Intl |
No change
1,300
|
$268,554,000 | 0.03% |
| Kimberly-Clark Corp. |
No change
1,908
|
$263,686,000 | 0.03% |
| Applied Materials Inc. |
No change
1,114
|
$262,893,000 | 0.03% |
| Ishares Tr Global Tech Etf |
No change
3,143
|
$260,303,000 | 0.03% |
| Cummins Inc. |
No change
904
|
$250,345,000 | 0.03% |
| Rockwell Automation Inc |
No change
867
|
$238,668,000 | 0.03% |
| Danaher Corp. |
No change
933
|
$233,110,000 | 0.02% |
| Parker-Hannifin Corp. |
2.25%
455
|
$230,144,000 | 0.02% |
| Marathon Petroleum Corp |
Closed
1,126
|
$226,889,000 | |
| Verizon Communications Inc |
Closed
5,388
|
$226,080,000 | |
| Phillips 66 |
Closed
1,378
|
$225,083,000 | |
| Oracle Corp. |
Opened
1,589
|
$224,367,000 | 0.02% |
| Alliant Energy Corp. |
Closed
4,414
|
$222,466,000 | |
| Ark Innovation |
3.20%
5,057
|
$222,255,000 | 0.02% |
| Caterpillar Inc. |
0.60%
667
|
$222,178,000 | 0.02% |
| Marvell Technology Group Ltd |
1.29%
3,136
|
$219,206,000 | 0.02% |
| Bristol-Myers Squibb Co. |
Closed
3,998
|
$216,812,000 | |
| PayPal Holdings Inc |
4.87%
3,722
|
$215,988,000 | 0.02% |
| Starbucks Corp. |
6.70%
2,645
|
$205,913,000 | 0.02% |
| Honeywell International Inc |
Opened
957
|
$204,358,000 | 0.02% |
| Genuine Parts Co. |
Closed
1,313
|
$203,423,000 | |
| GE Aerospace |
Closed
1,146
|
$201,157,000 | |
| Xcel Energy Inc. |
Closed
3,737
|
$200,864,000 | |
| Barrick Gold Corp Adr |
No change
11,000
|
$183,480,000 | 0.02% |
| Ford Motor Co. |
Closed
11,789
|
$156,558,000 | |
| Ab High Income Municipal Advis |
Opened
12,823
|
$133,099,000 | 0.01% |
| New York Cmnty Bancorp Inc |
Opened
10,000
|
$32,200,000 | 0.00% |
| First Ctzns Bancshares Inc |
Opened
20,000
|
$20,209,000 | 0.00% |
| Terran Orbital Corporation |
No change
10,000
|
$8,200,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 173 holdings | |||
Hedge funds similar to First Business Financial Services, Inc
- Sonnipe Ltd
- Fishman Jay A Ltd/mi
- Blue Whale Capital LL.P.
- Jnba Advisors
- Arnhold
- Global Endowment Management, L.P.
- Pegasus Partners
- Colonial Trust Advisors
- Hikari Tsushin
- Bath Savings Trust Co
- Mmbg Investment Advisors Co
- Certuity
- Guoline Advisory Pte Ltd
- Hengehold Capital Management