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, 2016. The document discloses the company's holdings of equity securities and mutual funds as required by the Securities and Exchange Commission.
Key Financial Metrics and Portfolio Composition
The filing details the specific securities held, their CUSIP numbers, share quantities, and market values (in thousands). It does not report the company's own operating revenue, profit, or cash flow.
- Top Single Stock Holding: First Business Financial Common Stock (390,947 shares, valued at $3,586,000).
- Top ETF/Mutual Fund Holding: Vanguard Total Stock Market ETF (1,075,945 shares, valued at $123,600,000).
- Notable Equity Holdings: Includes significant positions in Apple Inc. ($6,775,000), NVIDIA Corp ($11,969,000), and Select Sector SPDR Trusts (various).
- Voting Authority: The manager reports "Sole" voting authority for the vast majority of holdings, with some "Other" authority noted for specific fund positions.
Material Changes Versus Prior Period
The filing text provided contains only the snapshot of holdings as of June 30, 2016. It does not include comparative data from the prior quarter or year, nor does it explicitly list additions or deletions made during the period. Therefore, material changes versus the prior comparable period cannot be determined from this document alone.
Guidance, Outlook, and Risks
This Form 13F is a statutory disclosure of holdings and does not contain management commentary, forward-looking guidance, risk factors, or contingency plans. The filing includes a standard disclaimer stating that the SEC has not reviewed the information for accuracy or completeness.
Important Facts for Investor Verification
- Self-Holding: The company holds a significant position in its own stock (First Business Financial Common Stock), representing a major portion of the disclosed equity value.
- Passive Exposure: A substantial portion of the portfolio is allocated to broad market index funds (Vanguard Total Stock Market ETF, iShares Russell 1000/2000 series, SPDR S&P 500), indicating significant passive market exposure.
- Valuation Basis: All values are reported in thousands (e.g., 115,298 represents $115,298,000 for the Vanguard Total Stock Market ETF).
- Missing Data: The filing does not provide the total aggregate value of the portfolio, the company's liquidity position, or debt levels.