SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: FIRST BUSINESS FINANCIAL SERVICES, INC.
Filing Type: Form 13F Information Table (Quarterly Report of Holdings)
Reporting Period: The filing text does not explicitly state the calendar quarter end date, though the metadata indicates a reference to "2026 Jun 30". The table lists holdings as of the period covered by this specific submission.
Context: This filing discloses the equity securities held by the company at the end of the reporting period. It is a regulatory requirement for institutional investment managers to report their holdings to the SEC.
Key Financial Metrics and Holdings
The filing provides a detailed list of equity holdings but does not contain the company's own financial performance metrics (revenue, profit, cash flow, debt, or liquidity). The following metrics are derived from the reported portfolio:
- Total Portfolio Value: The filing lists individual security values but does not provide a consolidated total portfolio value in the text.
- Top Holdings by Value (Selected):
- iShares Core MSCI EAFE ETF: $151,396,683
- Vanguard Total Stock Market ETF: $294,127,404
- iShares Core S&P Mid-Cap ETF: $54,878,570
- iShares Russell 1000 Growth ETF: $90,878,036
- iShares Core Dividend Growth ETF: $63,592,433
- iShares Core S&P Small-Cap ETF: $74,451,917
- iShares Russell 1000 Value ETF: $64,446,379
- First Business Financial Services (Own Stock): $21,489,739
- Investment Discretion: The company reports "SOLE" discretion for all listed positions.
- Voting Authority: The table distinguishes between Sole, Shared, and None voting authority for each position.
Material Changes
The filing text does not provide comparative data against the prior reporting period. Therefore, material changes in holdings, increases or decreases in share counts, or shifts in asset allocation cannot be determined from this document alone.
Guidance, Outlook, and Risks
Guidance and Outlook: Form 13F filings are historical disclosures of holdings and do not contain forward-looking guidance, management commentary, or strategic outlooks.
Risks and Contingencies: The filing includes a standard disclaimer stating that the SEC has not reviewed the information for accuracy or completeness. No specific risk factors or contingencies related to the company's operations are disclosed in this table.
Unusual Items: The portfolio contains a significant position in the company's own stock (First Business Financial Services) valued at approximately $21.5 million, with 340,189 shares held under "None" voting authority, suggesting these may be held in a specific capacity (e.g., treasury or restricted).
Key Facts for Investor Verification
- Portfolio Composition: Verify the heavy weighting in passive index funds (iShares and Vanguard ETFs) versus active individual stock picks.
- Own Stock Position: Confirm the nature of the 340,189 shares of First Business Financial Services held, as voting authority is listed as "None".
- Reporting Date Accuracy: Cross-reference the metadata date (2026 Jun 30) with the actual filing date to ensure the data reflects the intended quarter.
- Total Assets Under Management: Sum the "Value" column manually or via external tools to determine the total reported portfolio size, as the total is not explicitly stated in the text.
- Concentration Risk: Assess the concentration in large-cap and mid-cap ETFs versus individual sector bets (e.g., Technology, Financials, Energy).