First Business Financial Services portfolio

What changed this quarter

116 positions with a change (14 new, 69 added to, 25 trimmed, 8 sold). 3 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• iShares Core S&P Midcap ETF−67%fewer sharesReduced
  4.3% → 1.3%
• Flexshares Tr+0.8 ppof portfolioNew
  — → 0.8%
• iShares Global Infrastructur ETF+0.8 ppof portfolioNew
  — → 0.8%

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• Vanguard Index FundsVTI23.2%
• iShares Core Msci Eafe ETFIEFA11.8%
• iShares Russell 1000 Growth ETFIWF7.2%
• iShares Core S&P Small-cap E ETFIJR5.3%
• iShares Russell 1000 Value E ETFIWD5.1%
• iShares Core Dividend Growth ETFDGRO5.0%
• iShares Core U.s. Aggregate ETFAGG3.1%
• State Str Spdr S&P 500 ETF TSPY2.6%
• NVIDIANVDA1.9%
• First Business Financial ServicesFBIZ1.8%
• J P Morgan Exchange Traded FundJPST1.6%
• AppleAAPL1.5%
• AlphabetGOOGL · GOOG1.4%
• iShares Core S&P Midcap ETFIJH1.3%
• BroadcomAVGO1.2%
• Arista NetworksANET1.1%
• JPMorgan ChaseJPM1.0%
• Lam ResearchLRCX0.9%
• Flexshares TrGUNR0.8%
• CienaCIEN0.8%
• iShares Global Infrastructur ETFIGF0.8%
• Quanta ServicesPWR0.8%
• MicrosoftMSFT0.8%
• Vanguard Short-term Tips ETFVTIP0.6%
• Eli LillyLLY0.6%
• State Street Technology Select Sector ETFXLK0.6%
• iShares Core S&P 500 ETFIVV0.5%
• iShares Msci USA Momentum FA ETFMTUM0.5%
• Berkshire HathawayBRK/A · BRK/B0.5%
• iShares National Muni Bond E ETFMUB0.5%
• Analog DevicesADI0.4%
• CitigroupC0.4%
• Exxon MobilXOM0.4%
• NucorNUE0.4%
• CencoraCOR0.4%
• Bank of AmericaBAC0.3%
• Costco WholesaleCOST0.3%
• Texas InstrumentsTXN0.3%
• General DynamicsGD0.3%
• EquinixEQIX0.3%
• Tidal Trust IIRSSB0.3%
• Coca-ColaKO0.3%
• Expedia GroupEXPE0.3%
• Amazon.comAMZN0.3%
• State Street Energy Select Sector ETFXLE0.3%
• Prudential FinancialPRU0.3%
• Cisco SystemsCSCO0.2%
• Generac HoldingsGNRC0.2%
• T-mobile USTMUS0.2%
• Intercontinental ExchangeICE0.2%
• StrykerSYK0.2%
• TJXTJX0.2%
• Nextera EnergyNEE0.2%
• IQVIA HoldingsIQV0.2%
• Toll BrothersTOL0.2%
• Advanced Micro DevicesAMD0.2%
• State Street Industrial Select Sector ETFXLI0.2%
• Darden RestaurantsDRI0.2%
• DoorDashDASH0.2%
• Philip Morris InternationalPM0.2%
• SLBSLB0.2%
• OshkoshOSK0.2%
• QualcommQCOM0.2%
• Palantir TechnologiesPLTR0.2%
• Lowe'sLOW0.2%
• AbbVieABBV0.1%
• Howmet AerospaceHWM0.1%
• iShares Russell 1000 ETFIWB0.1%
• SPDR Gold Shares ETFGLD0.1%
• American Electric PowerAEP0.1%
• KrogerKR0.1%
• NetflixNFLX0.1%
• Colgate-palmoliveCL0.1%
• Vanguard Most Sm-cap ETF-usd ETFVB0.1%
• State Street Consumer Disc Select Sect ETFXLY0.1%
• Apollo Global ManagementAPO0.1%
• iShares Russell 2000 ETFIWM0.1%
• SalesforceCRM0.1%
• ATIATI0.1%
• ASML HoldingASML0.1%
• CorningGLW0.1%
• MerckMRK0.1%
• State Street Financial Select Sector ETFXLF0.1%
• Johnson & JohnsonJNJ0.1%
• Meta PlatformsMETA0.1%
• EatonETN0.1%
• Vanguard Communication Servi ETFVOX0.1%
• iShares Russell 2000 Growth ETFIWO0.1%
• WalmartWMT0.1%
• Simplify Managed Futures St ETFCTA0.1%
• Nushares ETF TrNULV0.1%
• Vanguard Index FundsVO0.1%
• iShares Russell 2000 Value E ETFIWN0.1%
• BlackRockBLK0.1%
• iShares Msci USA Min Vol FAC ETFUSMV0.1%
• Vanguard Mrngstar GR ETF-sui ETFVUG0.1%
• Procter & GamblePG0.1%
• Marvell TechnologyMRVL0.1%