FIRST BUSINESS FINANCIAL SERVICES, INC.

Q1 2026 13F-HR Holdings

Location
Madison, WI
Holdings as of
3/31/2026
Date filed
5/1/2026
Form type
13F-HR
Num holdings
192
Total value ($000)
$1,124,730
Net value change ($000)
+35,688 (3.3%)
New positions
27
Sold out positions
3
Turnover %
1.4%
Sector allocation + QoQ delta (equities-only)
Prev filing: 2/6/2026 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q4 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
JPST 6,685 60.7%
VTIP 6,634 NEW
IEFA 5,454 4.0%
CIEN 5,412 86.5%
IJR 3,058 5.2%
PWR 2,569 43.1%
RSSB 2,128 NEW
LRCX 1,991 43.3%
IJH 1,793 3.9%
XOM 1,725 53.3%
Top Reduces (Value $000, Stocks/ETFs)
VTI -8,749 -3.3%
IWF -8,013 -9.3%
MSFT -1,869 -21.9%
SPY -1,407 -4.7%
AGG -813 -2.1%
XLK -404 -7.7%
AAPL -383 -2.5%
EXPE -286 -9.2%
ACN -271 -26.0%
QCOM -264 -16.8%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type