Top Holdings by value as of 2025-09-30:

1. Vanguard Total Stock Market ET - $264.9M (24%)
2. iShares Core MSCI EAFE ETF - $132.8M (12%)
3. iShares Russell 1000 Growth ET - $88.0M (8%)
4. iShares Core S&P Small-Cap ETF - $59.3M (5%)
5. iShares Core Dividend Growth - $56.1M (5%)

When compared to holdings as of 2025-06-30:

New Positions:

• American Electric Power Inc
• Charles River Labs Intl
• Gilead Sciences Inc
• Gopro Inc
• Marathon Petroleum Corp
• ... and 4 more

Closed Positions:

• Adobe Inc
• American Tower Corp
• CSX Corp Com
• Corteva Inc Com
• Crowdstrike Hldgs Inc
• ... and 4 more

Increase Position by 25% or more:

• Oklo Inc.

Reduce Position by 25% or more:

• Intel Corp
• Thermo Fisher Scientific Inc
• UnitedHealth Group Inc
• Vanguard Small-Cap ETF

First Business Financial Services, Inc. FBIZ is headquartered in Madison, WI.

Source