President, Private Wealth

0001140361-24-035470.txt : 20240802 0001140361-24-035470.hdr.sgml : 20240802 20240802120218 ACCESSION NUMBER: 0001140361-24-035470 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240630 FILED AS OF DATE: 20240802 DATE AS OF CHANGE: 20240802 EFFECTIVENESS DATE: 20240802 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIRST BUSINESS FINANCIAL SERVICES, INC. CENTRAL INDEX KEY: 0001521951 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] ORGANIZATION NAME: 02 Finance IRS NUMBER: 391576570 STATE OF INCORPORATION: WI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-15585 FILM NUMBER: 241169575 BUSINESS ADDRESS: STREET 1: 401 CHARMANY DRIVE CITY: MADISON STATE: WI ZIP: 53719 BUSINESS PHONE: 608-238-8008 MAIL ADDRESS: STREET 1: 401 CHARMANY DRIVE STREET 2: PO BOX 44961 CITY: MADISON STATE: WI ZIP: 53744 FORMER COMPANY: FORMER CONFORMED NAME: First Business Financial Services, Inc. DATE OF NAME CHANGE: 20110527 13F-HR 1 primary_doc.xml X0202 13F-HR LIVE 0001521951 XXXXXXXX 06-30-2024 06-30-2024 false FIRST BUSINESS FINANCIAL SERVICES, INC.

401 CHARMANY DRIVE PO BOX 44961 MADISON WI 53744

13F HOLDINGS REPORT 028-15585 N Brendan Freeman President, Private Wealth 608-232-5951 /s/ Brendan Freeman Madison WI 08-01-2024 0 157 943256633 INFORMATION TABLE 2 informationtable.xml Ark Innovation Com 00214Q104 222255 5057 SH SOLE 5057 0 0 Abbott Laboratories Com 002824100 586988 5649 SH SOLE 3127 0 2522 Abbvie Inc Com Com 00287Y109 1263245 7365 SH SOLE 5202 0 2163 Adobe Inc Com 00724F101 1529402 2753 SH SOLE 2753 0 0 Advanced Micro Devices Inc Com 007903107 540322 3331 SH SOLE 3331 0 0 Allegheny Technologies Inc Com 01741R102 746080 13455 SH SOLE 13455 0 0 AB High Income Municipal Advis Com 018642744 133099 12823 SH SOLE 12823 0 0 Alphabet Inc Cap Stk Cl C Com 02079K107 1355474 7390 SH SOLE 7390 0 0 Alphabet Inc Cap Stk Cl A Com 02079K305 6599477 36231 SH SOLE 36091 0 140 Altria Group Inc Com 02209S103 324134 7116 SH SOLE 363 0 6753 Amazon.com Inc Com 023135106 1700214 8798 SH SOLE 8798 0 0 American Express CO Com 025816109 339915 1468 SH SOLE 1468 0 0 CENCORA INC Com 03073E105 2865365 12718 SH SOLE 12718 0 0 Ameriprise Financial Inc Com 03076C106 466919 1093 SH SOLE 1093 0 0 Amgen Inc Com 031162100 287142 919 SH SOLE 919 0 0 Analog Devices Inc Com 032654105 3029467 13272 SH SOLE 13272 0 0 Elevance Health INC Com 036752103 1346522 2485 SH SOLE 2485 0 0 Apple Inc Com 037833100 11096725 52686 SH SOLE 47674 0 5012 Applied Materials Inc Com 038222105 262893 1114 SH SOLE 1114 0 0 Arista Networks Inc Com 040413106 4949479 14122 SH SOLE 14122 0 0 Bank of America Corp Com 060505104 2233006 56148 SH SOLE 56148 0 0 Barrick Gold Corp ADR Com 067901108 183480 11000 SH SOLE 11000 0 0 Berkshire Hathaway INC-CL B Com 084670702 694001 1706 SH SOLE 1597 0 109 BlackRock Inc Com 09247X101 658200 836 SH SOLE 836 0 0 Broadcom Inc Com 11135F101 6080142 3787 SH SOLE 3787 0 0 CSX Corp Com Com 126408103 1855438 55469 SH SOLE 55469 0 0 Caterpillar Inc Com 149123101 222178 667 SH SOLE 584 0 83 Charles River Labs Intl Com 159864107 268554 1300 SH SOLE 1300 0 0 Chevron Corp Com 166764100 805094 5147 SH SOLE 1794 0 3353 Ciena Corp Com 171779309 870179 18061 SH SOLE 18061 0 0 Cisco Systems Inc Com 17275R102 2263852 47650 SH SOLE 44771 0 2879 Cintas Corporation Com 172908105 359233 513 SH SOLE 513 0 0 Citigroup Inc Com 172967424 2418080 38104 SH SOLE 38104 0 0 Coca-Cola Co Com 191216100 1485273 23335 SH SOLE 2575 0 20760 Corning Inc Com 219350105 443123 11406 SH SOLE 11406 0 0 Corteva Inc Com Com 22052L104 1994216 36971 SH SOLE 36971 0 0 Costco Wholesale Corp Com 22160K105 3068464 3610 SH SOLE 3610 0 0 Cummins Inc Com 231021106 250345 904 SH SOLE 904 0 0 Danaher Corp Com 235851102 233110 933 SH SOLE 933 0 0 Darden Restaurants Inc Com 237194105 1522431 10061 SH SOLE 10061 0 0 Walt Disney Company Com 254687106 1771234 17839 SH SOLE 17839 0 0 EOG Res Inc Com 26875P101 1226603 9745 SH SOLE 9745 0 0 Electronic Arts Inc Com 285512109 1959816 14066 SH SOLE 14066 0 0 Equinix Inc Com 29444U700 1784063 2358 SH SOLE 2358 0 0 Expedia Group Inc New Com 30212P303 1228025 9747 SH SOLE 9747 0 0 Exxon Mobil Corp Com 30231G102 2746303 23856 SH SOLE 21970 0 1886 Meta Platforms Inc Com 30303M102 512288 1016 SH SOLE 908 0 108 Fidelity National Information Com 31620M106 398202 5284 SH SOLE 1350 0 3934 First Business Financial Servi Com 319390100 13084029 353718 SH SOLE 0 0 353718 First Ctzns Bancshares Inc Com 31959XAA1 20209 20000 SH SOLE 20000 0 0 Fiserv Inc Com 337738108 5391224 36173 SH SOLE 948 0 35225 Arthur J. Gallagher & Co Com 363576109 268904 1037 SH SOLE 1037 0 0 General Dynamics Corp Com 369550108 1652928 5697 SH SOLE 5697 0 0 Hilton Worldwide Hldgs Inc Com 43300A203 1399753 6415 SH SOLE 6415 0 0 Home Depot Inc Com 437076102 663695 1928 SH SOLE 1598 0 330 Honeywell International Inc Com 438516106 204358 957 SH SOLE 957 0 0 Illinois Tool Works Inc Com 452308109 789314 3331 SH SOLE 3331 0 0 Intel Corp Com 458140100 329428 10637 SH SOLE 8687 0 1950 Intercontinental Exchange Inc Com 45866F104 1989559 14534 SH SOLE 14284 0 250 Intuitive Surgical Inc Com 46120E602 551169 1239 SH SOLE 1239 0 0 Iqvia Holdings Inc Com 46266C105 1947997 9213 SH SOLE 9213 0 0 iShares S&P 500 Core Com 464287200 3213882 5873 SH SOLE 5873 0 0 iShares Core US Aggregate Bond Com 464287226 44881188 462359 SH SOLE 462359 0 0 Ishares Tr Global Tech ETF Com 464287291 260303 3143 SH SOLE 3143 0 0 iShares MSCI EAFE ETF Com 464287465 401676 5128 SH SOLE 5128 0 0 iShares Core S&P Mid-Cap ETF Com 464287507 44446057 759502 SH SOLE 759502 0 0 iShares Russell 1000 Value ETF Com 464287598 50104818 287183 SH SOLE 287183 0 0 iShares Russell 1000 Growth ET Com 464287614 76775648 210627 SH SOLE 210627 0 0 iShares Russell 1000 ETF Com 464287622 1659678 5578 SH SOLE 5578 0 0 iShares Russell 2000 Value Com 464287630 701189 4604 SH SOLE 4604 0 0 iShares Russell 2000 Growth Com 464287648 822244 3132 SH SOLE 3132 0 0 iShares Russell 2000 Com 464287655 1201717 5923 SH SOLE 5923 0 0 iShares Core S&P Small-Cap ETF Com 464287804 59241844 555427 SH SOLE 555427 0 0 iShares MSCI ACWI ex US Com 464288240 313733 5905 SH SOLE 5905 0 0 iShares Edge MSCI Min Vol USA Com 46429B697 1325980 15793 SH SOLE 15793 0 0 iShares Edge MSCI USA Momentum Com 46432F396 3962681 20335 SH SOLE 20335 0 0 iShares Core MSCI EAFE ETF Com 46432F842 120241573 1655308 SH SOLE 1655308 0 0 iShares Core Dividend Growth Com 46434V621 51170124 888216 SH SOLE 888216 0 0 JPMorgan Chase & Co Com 46625H100 6107241 30195 SH SOLE 30195 0 0 JPMorgan Ultra-Short Income ET Com 46641Q837 11378966 225460 SH SOLE 225460 0 0 Johnson & Johnson Com 478160104 786633 5382 SH SOLE 5282 0 100 Kimberly-Clark Corp Com 494368103 263686 1908 SH SOLE 1908 0 0 Kroger Co Com 501044101 1277359 25583 SH SOLE 25583 0 0 Lam Research Corporation Com 512807108 2951764 2772 SH SOLE 2772 0 0 Lilly Eli Co Com 532457108 5013994 5538 SH SOLE 5538 0 0 Lowe's Companies Inc Com 548661107 1892649 8585 SH SOLE 8585 0 0 Lululemon Athletica Inc Com 550021109 1084281 3630 SH SOLE 3630 0 0 MGE Energy Inc Com 55277P104 582442 7795 SH SOLE 5845 0 1950 Marvell Technology Group LTD Com 573874104 219206 3136 SH SOLE 3136 0 0 Mastercard Inc Cl A Com 57636Q104 386015 875 SH SOLE 875 0 0 McDonald's Corp Com 580135101 589700 2314 SH SOLE 1718 0 596 McKesson Corp Com 58155Q103 305453 523 SH SOLE 523 0 0 Merck & Co Inc Com 58933Y105 1171891 9466 SH SOLE 9003 0 463 Microsoft Corp Com 594918104 8092477 18106 SH SOLE 15913 0 2193 Microchip Technology Inc Com 595017104 344223 3762 SH SOLE 3762 0 0 Mondelez Intl Inc Class A Com 609207105 883571 13502 SH SOLE 2338 0 11164 New York Cmnty Bancorp Inc Com 649445103 32200 10000 SH SOLE 10000 0 0 Nextera Energy Inc Com 65339F101 1528859 21591 SH SOLE 18275 0 3316 Nice Ltd Sponsored ADR Com 653656108 337577 1963 SH SOLE 1963 0 0 Nike Inc Com 654106103 377830 5013 SH SOLE 5013 0 0 Novo Nordisk A/S ADR Com 670100205 418799 2934 SH SOLE 2934 0 0 Nvidia Corp Com 67066G104 9332582 75543 SH SOLE 75543 0 0 Nuveen ESG Large Cap Value Com 67092P300 445015 11776 SH SOLE 11776 0 0 Oracle Corp Com 68389X105 224367 1589 SH SOLE 1589 0 0 PNC Financial Services Group I Com 693475105 584449 3759 SH SOLE 758 0 3001 Palantir Technologies Inc Com 69608A108 273843 10811 SH SOLE 10811 0 0 Parker Hannifin Corp Com 701094104 230144 455 SH SOLE 455 0 0 Paypal Hldgs Inc Com 70450Y103 215988 3722 SH SOLE 3722 0 0 Pepsico Inc Com 713448108 938782 5692 SH SOLE 5094 0 598 Philip Morris International In Com 718172109 1073693 10596 SH SOLE 1208 0 9388 Procter & Gamble Co Com 742718109 1293468 7843 SH SOLE 6843 0 1000 Prudential Financial Inc Com 744320102 1942307 16574 SH SOLE 16574 0 0 Qualcomm Inc Com 747525103 1985227 9967 SH SOLE 9967 0 0 Quanta Services Inc Com 74762E102 2882143 11343 SH SOLE 11343 0 0 Republic Services Inc Com 760759100 2319642 11936 SH SOLE 11936 0 0 Rockwell Automation Inc Com 773903109 238668 867 SH SOLE 867 0 0 SPDR S&P 500 ETF Com 78462F103 24258607 44575 SH SOLE 44575 0 0 Spdr Gold Trust Shs Com 78463V107 1182555 5500 SH SOLE 5500 0 0 SPDRA S&P MidCap 400 ETF Com 78467Y107 490668 917 SH SOLE 917 0 0 Schlumberger Ltd Com 806857108 1555996 32980 SH SOLE 32980 0 0 The Charles Schwab Corp Com 808513105 366681 4976 SH SOLE 4976 0 0 Consumer Discr Select Sect SPD Com 81369Y407 1030742 5651 SH SOLE 5651 0 0 Energy Select Sector SPDR ETF Com 81369Y506 2484020 27252 SH SOLE 27252 0 0 Financial Select Sector SPDR E Com 81369Y605 990545 24095 SH SOLE 24095 0 0 Industrials Select Sector SPDR Com 81369Y704 1707764 14013 SH SOLE 14013 0 0 Technology Select Sector SPDR Com 81369Y803 3005466 13285 SH SOLE 13285 0 0 Communication Sector Select SP Com 81369Y852 604503 7057 SH SOLE 7057 0 0 Starbucks Corp Com 855244109 205913 2645 SH SOLE 2645 0 0 Stryker Corp Com 863667101 2620946 7703 SH SOLE 7703 0 0 TJX Companies Inc Com 872540109 2094873 19027 SH SOLE 19027 0 0 T Mobile US Inc Com 872590104 2348127 13328 SH SOLE 13328 0 0 Terran Orbital Corporation Com 88105P103 8200 10000 SH SOLE 10000 0 0 Tetra Tech Inc New Com 88162G103 717929 3511 SH SOLE 3511 0 0 Texas Instruments Inc Com 882508104 2252268 11578 SH SOLE 11578 0 0 Thermo Fisher Scientific Inc Com 883556102 1305080 2360 SH SOLE 2360 0 0 Thomson Reuters Corp. Com 884903808 664503 3942 SH SOLE 3942 0 0 Transdigm Group Inc Com 893641100 833002 652 SH SOLE 652 0 0 US Bancorp Com 902973304 358967 9042 SH SOLE 4189 0 4853 Union Pacific Corp Com 907818108 373782 1652 SH SOLE 1652 0 0 UnitedHealth Group Inc Com 91324P102 2160790 4243 SH SOLE 4243 0 0 Vanguard FTSE Developed Market Com 921943858 321922 6514 SH SOLE 6514 0 0 Vanguard Information Technolog Com 92204A702 299250 519 SH SOLE 519 0 0 Vanguard Communication SVCS ET Com 92204A884 856840 6200 SH SOLE 6200 0 0 Vanguard Mid-Cap ETF Com 922908629 685627 2832 SH SOLE 2832 0 0 Vanguard Index Growth Com 922908736 561763 1502 SH SOLE 1502 0 0 Vanguard Index Value Com 922908744 431342 2689 SH SOLE 2689 0 0 Vanguard Small-Cap ETF Com 922908751 1118327 5129 SH SOLE 5129 0 0 Vanguard Total Stock Market ET Com 922908769 242149517 905198 SH SOLE 905198 0 0 Visa Inc Com 92826C839 371395 1415 SH SOLE 1415 0 0 Wal-Mart Inc Com 931142103 545472 8056 SH SOLE 8056 0 0 Waste Mgmt Inc Del Com 94106L109 353504 1657 SH SOLE 1657 0 0 Weyco Group Inc Com 962149100 366751 12096 SH SOLE 0 0 12096 Amdocs Ltd ADR Com G02602103 411805 5218 SH SOLE 5218 0 0 Aon PLC Shs Cl A Com G0403H108 479123 1632 SH SOLE 1632 0 0 Accenture PLC Com G1151C101 1407519 4639 SH SOLE 4239 0 400 Eaton Corp PLC Com G29183103 643091 2051 SH SOLE 2051 0 0 TE Connectivity Ltd Com H84989104 427372 2841 SH SOLE 2841 0 0