SEC Form 13F Information Table Summary
Business Context and Reporting Period
Company: FIRST BUSINESS FINANCIAL SERVICES, INC.
Filing Type: Form 13F Information Table (Institutional Investment Manager)
Reporting Period: December 31, 2019
Context: This filing discloses the equity securities held by the company at the end of the reporting period. It is a regulatory disclosure of holdings, not a financial performance report of the company's own operations.
Key Financial Metrics and Holdings
The filing details a portfolio of equity securities and exchange-traded funds (ETFs). Specific financial metrics such as revenue, profit, cash flow, margins, debt, and liquidity for First Business Financial Services, Inc. are not provided in this document, as Form 13F reports only investment holdings.
Portfolio Highlights:
- Total Reported Positions: The table lists approximately 100 distinct issuers, including individual stocks and ETFs.
- Largest Single Holding (Shares): iShares Core MSCI EAFE ETF (1,115,831 shares).
- Largest Single Holding (Value): iShares Core MSCI EAFE ETF ($72,797,000).
- Significant Individual Stock Holdings:
- Fiserv Inc: 95,868 shares ($11,085,000 value).
- First Business Financial Services Inc: 348,329 shares ($9,172,000 value).
- Vanguard Total Stock Market ETF: 921,241 shares ($150,733,000 value).
- Voting Authority: The manager reports "SOLE" discretion for the majority of positions. Some positions (e.g., Alibaba, Apple, AT&T) show shared or none voting authority for specific share blocks.
Material Changes
Comparison to Prior Period: This filing text contains only the snapshot of holdings as of December 31, 2019. It does not include comparative data from the prior quarter (September 30, 2019) or year-over-year changes. Therefore, material changes in holdings cannot be determined from this text alone.
Guidance, Outlook, and Risks
Management Commentary: None provided. Form 13F is a factual data table and does not contain narrative commentary, guidance, or outlook.
Risks and Contingencies: The filing includes a standard disclaimer stating that the SEC has not reviewed the information for accuracy or completeness. No specific business risks or contingencies are disclosed in this document.
Key Facts for Investor Verification
- Self-Holding: The company holds 348,329 shares of its own stock (First Business Financial Services Inc) valued at approximately $9.17 million.
- ETF Concentration: A significant portion of the reported value is concentrated in broad market ETFs (e.g., iShares Core MSCI EAFE, Vanguard Total Stock Market, iShares Russell 1000 Value).
- Financial Performance Data: Investors seeking revenue, earnings, or debt information must refer to the company's Form 10-K or 10-Q filings, as this document does not contain operational financials.
- Valuation Basis: All values are reported in thousands (x$1,000) as per the column header.