SEC Form 13F Summary: First Business Financial Services, Inc.
Business Context and Reporting Period
This filing is a Form 13F Information Table submitted by First Business Financial Services, Inc. for the reporting period ending June 30, 2019. The form discloses the company's holdings of equity securities, including common stocks and exchange-traded funds (ETFs), as required by the Securities and Exchange Commission.
Key Financial Metrics and Portfolio Composition
The filing details the specific securities held rather than the company's own operating financials (revenue, profit, or cash flow). Key portfolio metrics include:
- Total Holdings: The portfolio consists of 100+ individual positions, including large-cap equities and diversified ETFs.
- Top Equity Holdings (by Value):
- First Business Financial Services, Inc.: 363,271 shares valued at $3,097,000 (Column 5: $8,537 x 1000).
- Fiserv Inc: 101,152 shares valued at $932,000.
- iShares Core MSCI EAFE ETF: 1,049,598 shares valued at $67,645,000.
- Vanguard Total Stock Market ETF: 1,207,094 shares valued at $18,117,000.
- iShares Russell 1000 Value ETF: 484,357 shares valued at $61,620,000.
- Voting Authority: The manager reported Sole voting authority for all listed positions. No shared or none voting authority was reported.
- Derivatives: The filing lists "Put/Call" columns, but no specific put or call option positions were reported for the listed securities.
Material Changes and Prior Period Comparison
The filing text provided does not contain data for the prior comparable period (March 31, 2019). Consequently, material changes in holdings, additions, or deletions cannot be calculated from this document alone.
Guidance, Outlook, and Risks
Form 13F filings are historical disclosures of holdings and do not contain management commentary, forward-looking guidance, or risk factors regarding the company's future operations. The filing includes a standard disclaimer that the SEC has not reviewed the information for accuracy or completeness.
Investor Verification Checklist
- Verify the total aggregate value of the portfolio by summing Column 5 (Value) across all rows to assess total asset size.
- Confirm the concentration risk by analyzing the percentage of the portfolio held in the top 5 positions (notably the large ETF positions).
- Check the "Other" column (Column 8) for any non-voting shares or restricted stock, which is significant for the company's own stock (363,271 shares listed in Column 8).
- Compare this filing with the Q1 2019 Form 13F to identify specific trades made during the second quarter.
- Review the company's 10-Q or 10-K for the same period to understand the operating financials (revenue, profit, debt) which are not present in this 13F.