First Business Financial Services (FBIZ) 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
Ark Innovation	Com	00214Q104	240,359	5,057	SH		SOLE		5,057	0	0
Abbott Laboratories	Com	002824100	620,556	5,443	SH		SOLE		2,921	0	2,522
Abbvie Inc Com	Com	00287Y109	1,381,175	6,994	SH		SOLE		4,989	0	2,005
Adobe Inc	Com	00724F101	1,464,282	2,828	SH		SOLE		2,828	0	0
Advanced Micro Devices Inc	Com	007903107	546,550	3,331	SH		SOLE		3,331	0	0
Allegheny Technologies Inc	Com	01741R102	900,274	13,455	SH		SOLE		13,455	0	0
Alliant Energy Corp	Com	018802108	219,334	3,614	SH		SOLE		498	0	3,116
Alphabet Inc Cap Stk Cl C	Com	02079K107	1,249,912	7,476	SH		SOLE		7,476	0	0
Alphabet Inc Cap Stk Cl A	Com	02079K305	6,044,237	36,444	SH		SOLE		36,444	0	0
Altria Group Inc	Com	02209S103	363,201	7,116	SH		SOLE		363	0	6,753
Amazon.com Inc	Com	023135106	1,612,500	8,654	SH		SOLE		8,654	0	0
American Express CO	Com	025816109	398,122	1,468	SH		SOLE		1,468	0	0
CENCORA INC	Com	03073E105	2,983,435	13,255	SH		SOLE		13,255	0	0
Ameriprise Financial Inc	Com	03076C106	513,502	1,093	SH		SOLE		1,093	0	0
Amgen Inc	Com	031162100	245,524	762	SH		SOLE		762	0	0
Analog Devices Inc	Com	032654105	2,950,089	12,817	SH		SOLE		12,817	0	0
Elevance Health INC	Com	036752103	1,370,200	2,635	SH		SOLE		2,635	0	0
Apple Inc	Com	037833100	13,547,552	58,144	SH		SOLE		53,532	0	4,612
Applied Materials Inc	Com	038222105	225,084	1,114	SH		SOLE		1,114	0	0
Arista Networks Inc	Com	040413106	5,454,466	14,211	SH		SOLE		14,211	0	0
Aristotle Floating Rate Income	Com	04045F592	16,130,914	1,699,780	SH		SOLE		1,699,780	0	0
Bank of America Corp	Com	060505104	2,350,326	59,232	SH		SOLE		59,232	0	0
Berkshire Hathaway INC-CL B	Com	084670702	785,204	1,706	SH		SOLE		1,597	0	109
BlackRock Inc	Com	09247X101	788,093	830	SH		SOLE		830	0	0
Broadcom Inc	Com	11135F101	6,337,995	36,742	SH		SOLE		36,742	0	0
CSX Corp Com	Com	126408103	2,079,949	60,236	SH		SOLE		60,236	0	0
Caterpillar Inc	Com	149123101	260,877	667	SH		SOLE		584	0	83
Charles River Labs Intl	Com	159864107	256,061	1,300	SH		SOLE		1,300	0	0
Chevron Corp	Com	166764100	754,170	5,121	SH		SOLE		1,768	0	3,353
Ciena Corp	Com	171779309	1,315,624	21,361	SH		SOLE		21,361	0	0
Cisco Systems Inc	Com	17275R102	2,713,102	50,979	SH		SOLE		48,100	0	2,879
Cintas Corporation	Com	172908105	424,936	2,064	SH		SOLE		2,064	0	0
Citigroup Inc	Com	172967424	2,463,999	39,361	SH		SOLE		39,361	0	0
Coca-Cola Co	Com	191216100	1,676,853	23,335	SH		SOLE		2,575	0	20,760
Corning Inc	Com	219350105	429,783	9,519	SH		SOLE		9,519	0	0
Corteva Inc Com	Com	22052L104	2,372,177	40,350	SH		SOLE		40,350	0	0
Costco Wholesale Corp	Com	22160K105	3,613,456	4,076	SH		SOLE		4,076	0	0
Cummins Inc	Com	231021106	292,706	904	SH		SOLE		904	0	0
Danaher Corp	Com	235851102	259,393	933	SH		SOLE		933	0	0
Darden Restaurants Inc	Com	237194105	1,785,406	10,878	SH		SOLE		10,878	0	0
Walt Disney Company	Com	254687106	1,919,760	19,958	SH		SOLE		19,958	0	0
EOG Res Inc	Com	26875P101	1,370,915	11,152	SH		SOLE		11,152	0	0
Electronic Arts Inc	Com	285512109	2,192,624	15,286	SH		SOLE		15,286	0	0
Equinix Inc	Com	29444U700	2,408,140	2,713	SH		SOLE		2,713	0	0
Expedia Group Inc New	Com	30212P303	1,471,319	9,940	SH		SOLE		9,940	0	0
Exxon Mobil Corp	Com	30231G102	2,829,105	24,135	SH		SOLE		22,249	0	1,886
Meta Platforms Inc	Com	30303M102	536,949	938	SH		SOLE		938	0	0
Fidelity National Information	Com	31620M106	358,115	4,276	SH		SOLE		1,350	0	2,926
First Business Financial Servi	Com	319390100	16,681,928	365,912	SH		SOLE		0	0	365,912
First Ctzns Bancshares Inc	Com	31959XAA1	20,450	20,000	SH		SOLE		20,000	0	0
Ford Motor Co	Com	345370860	134,207	12,709	SH		SOLE		11,709	0	1,000
Arthur J. Gallagher & Co	Com	363576109	294,594	1,047	SH		SOLE		1,047	0	0
General Dynamics Corp	Com	369550108	1,886,937	6,244	SH		SOLE		6,244	0	0
GE Aerospace	Com	369604301	224,787	1,192	SH		SOLE		785	0	407
Hca Healthcare Inc Com	Com	40412C101	240,200	591	SH		SOLE		591	0	0
Hilton Worldwide Hldgs Inc	Com	43300A203	1,574,546	6,831	SH		SOLE		6,831	0	0
Home Depot Inc	Com	437076102	695,323	1,716	SH		SOLE		1,386	0	330
Illinois Tool Works Inc	Com	452308109	872,955	3,331	SH		SOLE		3,331	0	0
Intel Corp	Com	458140100	253,016	10,785	SH		SOLE		8,835	0	1,950
Intercontinental Exchange Inc	Com	45866F104	2,435,784	15,163	SH		SOLE		15,163	0	0
Intuitive Surgical Inc	Com	46120E602	614,579	1,251	SH		SOLE		1,251	0	0
Iqvia Holdings Inc	Com	46266C105	2,263,774	9,553	SH		SOLE		9,553	0	0
iShares S&P 500 Core	Com	464287200	3,387,664	5,873	SH		SOLE		5,873	0	0
iShares Core US Aggregate Bond	Com	464287226	41,649,819	411,275	SH		SOLE		411,275	0	0
Ishares Tr Global Tech ETF	Com	464287291	259,392	3,143	SH		SOLE		3,143	0	0
iShares MSCI EAFE ETF	Com	464287465	428,855	5,128	SH		SOLE		5,128	0	0
iShares Core S&P Mid-Cap ETF	Com	464287507	46,717,876	749,645	SH		SOLE		749,645	0	0
iShares Russell 1000 Value ETF	Com	464287598	54,359,289	286,403	SH		SOLE		286,403	0	0
iShares Russell 1000 Growth ET	Com	464287614	76,244,183	203,112	SH		SOLE		203,112	0	0
iShares Russell 1000 ETF	Com	464287622	1,753,667	5,578	SH		SOLE		5,578	0	0
iShares Russell 2000 Value	Com	464287630	768,039	4,604	SH		SOLE		4,604	0	0
iShares Russell 2000 Growth	Com	464287648	889,488	3,132	SH		SOLE		3,132	0	0
iShares Russell 2000	Com	464287655	1,308,331	5,923	SH		SOLE		5,923	0	0
iShares Core S&P Small-Cap ETF	Com	464287804	61,948,449	529,655	SH		SOLE		529,655	0	0
iShares Global Clean Energy ET	Com	464288224	149,956	10,208	SH		SOLE		10,208	0	0
iShares MSCI ACWI ex US	Com	464288240	337,884	5,905	SH		SOLE		5,905	0	0
iShares Edge MSCI Min Vol USA	Com	46429B697	793,849	8,694	SH		SOLE		8,694	0	0
iShares Edge MSCI USA Momentum	Com	46432F396	4,123,125	20,335	SH		SOLE		20,335	0	0
iShares Core MSCI EAFE ETF	Com	46432F842	129,382,939	1,657,693	SH		SOLE		1,657,693	0	0
iShares Core Dividend Growth	Com	46434V621	56,326,652	898,495	SH		SOLE		898,495	0	0
JPMorgan Chase & Co	Com	46625H100	6,517,050	30,907	SH		SOLE		30,907	0	0
JPMorgan Ultra-Short Income ET	Com	46641Q837	10,244,964	201,911	SH		SOLE		201,911	0	0
Johnson & Johnson	Com	478160104	862,807	5,324	SH		SOLE		5,224	0	100
Kroger Co	Com	501044101	1,428,776	24,935	SH		SOLE		24,935	0	0
Lam Research Corporation	Com	512807108	2,330,724	2,856	SH		SOLE		2,856	0	0
Lilly Eli Co	Com	532457108	5,221,730	5,894	SH		SOLE		5,894	0	0
Lowe's Companies Inc	Com	548661107	2,373,729	8,764	SH		SOLE		8,764	0	0
Lululemon Athletica Inc	Com	550021109	1,104,395	4,070	SH		SOLE		4,070	0	0
MGE Energy Inc	Com	55277P104	622,592	6,808	SH		SOLE		4,858	0	1,950
Marvell Technology Group LTD	Com	573874104	226,168	3,136	SH		SOLE		3,136	0	0
Mastercard Inc Cl A	Com	57636Q104	437,013	885	SH		SOLE		885	0	0
McDonald's Corp	Com	580135101	697,023	2,289	SH		SOLE		1,693	0	596
McKesson Corp	Com	58155Q103	258,582	523	SH		SOLE		523	0	0
Merck & Co Inc	Com	58933Y105	1,010,116	8,895	SH		SOLE		8,432	0	463
Microsoft Corp	Com	594918104	7,889,551	18,335	SH		SOLE		16,142	0	2,193
Microchip Technology Inc	Com	595017104	302,051	3,762	SH		SOLE		3,762	0	0
Mondelez Intl Inc Class A	Com	609207105	962,130	13,060	SH		SOLE		1,896	0	11,164
Nextera Energy Inc	Com	65339F101	2,054,671	24,307	SH		SOLE		21,191	0	3,116
Nice Ltd Sponsored ADR	Com	653656108	282,214	1,625	SH		SOLE		1,625	0	0
Nike Inc	Com	654106103	325,931	3,687	SH		SOLE		3,687	0	0
Novo Nordisk A/S ADR	Com	670100205	352,923	2,964	SH		SOLE		2,964	0	0
Nvidia Corp	Com	67066G104	9,928,934	81,760	SH		SOLE		81,760	0	0
Nuveen ESG Large Cap Value	Com	67092P300	905,074	21,694	SH		SOLE		21,694	0	0
Oracle Corp	Com	68389X105	274,174	1,609	SH		SOLE		1,609	0	0
PNC Financial Services Group I	Com	693475105	686,348	3,713	SH		SOLE		712	0	3,001
Palantir Technologies Inc	Com	69608A108	371,665	9,991	SH		SOLE		9,991	0	0
Parker Hannifin Corp	Com	701094104	287,478	455	SH		SOLE		455	0	0
Paypal Hldgs Inc	Com	70450Y103	276,928	3,549	SH		SOLE		3,549	0	0
Pepsico Inc	Com	713448108	919,630	5,408	SH		SOLE		4,810	0	598
Philip Morris International In	Com	718172109	1,279,192	10,537	SH		SOLE		1,149	0	9,388
Procter & Gamble Co	Com	742718109	1,297,268	7,490	SH		SOLE		6,490	0	1,000
Prudential Financial Inc	Com	744320102	2,105,445	17,386	SH		SOLE		17,386	0	0
Qualcomm Inc	Com	747525103	1,664,960	9,791	SH		SOLE		9,791	0	0
Quanta Services Inc	Com	74762E102	3,502,070	11,746	SH		SOLE		11,746	0	0
Republic Services Inc	Com	760759100	2,509,295	12,494	SH		SOLE		12,494	0	0
Rockwell Automation Inc	Com	773903109	232,755	867	SH		SOLE		867	0	0
SPDR S&P 500 ETF	Com	78462F103	24,587,911	42,854	SH		SOLE		42,854	0	0
Spdr Gold Trust Shs	Com	78463V107	1,336,830	5,500	SH		SOLE		5,500	0	0
SPDRA S&P MidCap 400 ETF	Com	78467Y107	522,378	917	SH		SOLE		917	0	0
Schlumberger Ltd	Com	806857108	1,425,042	33,970	SH		SOLE		33,970	0	0
The Charles Schwab Corp	Com	808513105	254,768	3,931	SH		SOLE		3,931	0	0
Consumer Discr Select Sect SPD	Com	81369Y407	1,132,291	5,651	SH		SOLE		5,651	0	0
Energy Select Sector SPDR ETF	Com	81369Y506	2,392,726	27,252	SH		SOLE		27,252	0	0
Financial Select Sector SPDR E	Com	81369Y605	1,091,985	24,095	SH		SOLE		24,095	0	0
Industrials Select Sector SPDR	Com	81369Y704	1,897,921	14,013	SH		SOLE		14,013	0	0
Technology Select Sector SPDR	Com	81369Y803	2,999,222	13,285	SH		SOLE		13,285	0	0
Communication Sector Select SP	Com	81369Y852	637,953	7,057	SH		SOLE		7,057	0	0
Servicenow Inc	Com	81762P102	382,799	428	SH		SOLE		428	0	0
Starbucks Corp	Com	855244109	229,784	2,357	SH		SOLE		2,357	0	0
Stryker Corp	Com	863667101	3,116,590	8,627	SH		SOLE		8,627	0	0
TJX Companies Inc	Com	872540109	2,290,032	19,483	SH		SOLE		19,483	0	0
T Mobile US Inc	Com	872590104	2,959,821	14,343	SH		SOLE		14,343	0	0
Tetra Tech Inc New	Com	88162G103	827,894	17,555	SH		SOLE		17,555	0	0
Texas Instruments Inc	Com	882508104	2,511,065	12,156	SH		SOLE		12,156	0	0
Thermo Fisher Scientific Inc	Com	883556102	1,583,539	2,560	SH		SOLE		2,560	0	0
Thomson Reuters Corp.	Com	884903808	672,505	3,942	SH		SOLE		3,942	0	0
Transdigm Group Inc	Com	893641100	930,489	652	SH		SOLE		652	0	0
US Bancorp	Com	902973304	413,491	9,042	SH		SOLE		4,189	0	4,853
Union Pacific Corp	Com	907818108	399,051	1,619	SH		SOLE		1,619	0	0
UnitedHealth Group Inc	Com	91324P102	2,555,052	4,370	SH		SOLE		4,370	0	0
Vanguard FTSE Developed Market	Com	921943858	344,004	6,514	SH		SOLE		6,514	0	0
Vanguard Information Technolog	Com	92204A702	304,404	519	SH		SOLE		519	0	0
Vanguard Communication SVCS ET	Com	92204A884	901,418	6,200	SH		SOLE		6,200	0	0
Vanguard Mid-Cap ETF	Com	922908629	747,167	2,832	SH		SOLE		2,832	0	0
Vanguard Index Growth	Com	922908736	576,663	1,502	SH		SOLE		1,502	0	0
Vanguard Index Value	Com	922908744	469,419	2,689	SH		SOLE		2,689	0	0
Vanguard Small-Cap ETF	Com	922908751	1,216,650	5,129	SH		SOLE		5,129	0	0
Vanguard Total Stock Market ET	Com	922908769	248,506,313	877,618	SH		SOLE		877,618	0	0
Visa Inc	Com	92826C839	329,940	1,200	SH		SOLE		1,200	0	0
Wal-Mart Inc	Com	931142103	650,522	8,056	SH		SOLE		8,056	0	0
Waste Mgmt Inc Del	Com	94106L109	343,993	1,657	SH		SOLE		1,657	0	0
Weyco Group Inc	Com	962149100	445,788	13,096	SH		SOLE		0	0	13,096
Wisdomtree Tr US Qtly Div Grt	Com	97717X669	211,603	2,543	SH		SOLE		2,543	0	0
Xcel Energy Inc.	Com	98389B100	213,988	3,277	SH		SOLE		3,140	0	137
Amdocs Ltd ADR	Com	G02602103	389,286	4,450	SH		SOLE		4,450	0	0
Aon PLC Shs Cl A	Com	G0403H108	564,656	1,632	SH		SOLE		1,632	0	0
Accenture PLC	Com	G1151C101	1,494,867	4,229	SH		SOLE		4,229	0	0
Eaton Corp PLC	Com	G29183103	683,429	2,062	SH		SOLE		2,062	0	0
TE Connectivity PLC ADR	Com	G87052109	423,416	2,800	SH		SOLE		2,800	0	0