SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: FIRST BUSINESS FINANCIAL SERVICES, INC.
Filing Type: Form 13F Information Table (Statement of Holdings)
Reporting Period: Quarter ended September 30, 2023
Context: This filing discloses the equity securities held by the company as of 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 data reflects the portfolio composition:
- Total Portfolio Value: The filing lists individual security values but does not explicitly state a total aggregate portfolio value in the text provided.
- Largest Equity Holdings (by Value):
- iShares Core MSCI EAFE ETF: $105,216,111
- Vanguard Total Stock Market ETF: $188,992,010
- iShares Core S&P Small-Cap ETF: $51,680,200
- iShares Russell 1000 Growth ETF: $56,306,093
- iShares Russell 1000 Value ETF: $42,887,025
- iShares Core US Aggregate Bond ETF: $42,308,220
- iShares Core Dividend Growth ETF: $44,591,364
- First Business Financial Services, Inc. (Own Stock): $10,670,116
- Notable Individual Stock Holdings: Apple Inc. ($9,320,330), Microsoft Corp ($4,597,004), Amazon.com Inc ($2,002,776), Alphabet Inc Class A ($5,445,608).
- Voting Authority: The company reports "SOLE" voting authority for the vast majority of listed securities.
Material Changes
Comparison to Prior Period: The provided text contains only the snapshot of holdings for the period ended September 30, 2023. It does not include data from the prior quarter (June 30, 2023) or a summary of changes (purchases/sales) between periods. Therefore, material changes cannot be determined from this document alone.
Guidance, Outlook, and Risks
Management Commentary: None. Form 13F is a factual disclosure of holdings and does not contain management discussion, guidance, or outlook.
Risks and Contingencies: None disclosed in this filing. The filing includes a standard disclaimer that the SEC has not reviewed the information for accuracy or completeness.
Investor Verification Checklist
- Portfolio Concentration: Verify the total aggregate value of the portfolio to assess the weight of the top ETF holdings (e.g., Vanguard Total Stock Market, iShares Core MSCI EAFE) relative to the company's total assets.
- Own Stock Position: Confirm the significance of the $10.67 million holding in First Business Financial Services, Inc. common stock relative to the company's total equity or float.
- Derivatives and Options: Review the "Put/Call" column; the text indicates "SH" (Shares) for all listed items, suggesting no reported options or derivatives positions in this specific table.
- Shared Voting Authority: Note that while most authority is "SOLE," verify if any "SHARED" authority exists in the full dataset for specific securities (e.g., Alphabet Inc Class A shows 140 shares with shared authority).
- Regulatory Compliance: Ensure the filing date aligns with the 45-day post-quarter-end requirement for Form 13F submissions.