Delphi Management’s First Business Financial Services FBIZ Stock Holding History

Delphi Management’s Portfolio FBIZ Stock Details FBIZ Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q4	–	Sell	-20,283	Closed	-$477K	–	95
2016 Q3	$477K	Buy	20,283 +225	+1%	+$5.21K	0.3%	85
2016 Q2	$471K	Sell	20,058 -1,645	-8%	-$39.8K	0.3%	85
2016 Q1	$498K	Buy	21,703 +4,243	+24%	+$94.6K	0.3%	87
2015 Q4	$437K	Sell	17,460 -9,976	-36%	-$249K	0.28%	86
2015 Q3	$645K	Buy	27,436 +16,260	+145%	+$367K	0.1%	91
2015 Q2	$262K	Buy	+11,176	New	+$252K	0.04%	100
2014 Q4	–	Sell	-16,840	Closed	-$370K	–	107
2014 Q3	$370K	Buy	16,840 +8,050	+92%	+$181K	0.05%	109
2014 Q2	$207K	Hold	8,790	–	–	0.03%	106
2014 Q1	$207K	Sell	8,790 -1,210	-12%	-$25.5K	0.02%	109
2013 Q4	$188K	Buy	+10,000	New	+$178K	0.02%	117

Other funds holding FBIZ

BFC

Banc Funds Company Chicago, Illinois $537M AUM 17.34% 1-Year Est. Return

Wellington Management Group Boston, Massachusetts $535B AUM 26.23% 1-Year Est. Return

Manulife (Manufacturers Life Insurance) Canada, Ontario, Canada $116B AUM 26.37% 1-Year Est. Return

FBFS

First Business Financial Services Madison, Wisconsin $1.12B AUM 22.16% 1-Year Est. Return

PAIM

Punch & Associates Investment Management Edina, Minnesota $1.73B AUM 27.65% 1-Year Est. Return

BFA

BlackRock Fund Advisors San Francisco, California $542B AUM 18.13% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

LSV Asset Management Chicago, Illinois $46.4B AUM 27.74% 1-Year Est. Return

Renaissance Technologies New York $63.9B AUM 45.56% 1-Year Est. Return

Delphi Management's FBIZ Position: Q4 2016 in Review

Delphi Management sold out of First Business Financial Services (FBIZ) in Q4 2016, closing a stake of 20,283 shares — an estimated $477K sold.

Delphi Management first reported a position in FBIZ in Q4 2013 and held it in 10 quarters. The position peaked at $645K in Q3 2015. 71 funds tracked by Wall St. Rank hold FBIZ as of Q4 2016.

Delphi Management reported no remaining First Business Financial Services position as of Q4 2016 after selling out during the quarter.
Delphi Management sold 20,283 First Business Financial Services shares in Q4 2016, an estimated $477K.
Delphi Management first reported a position in First Business Financial Services in Q4 2013 and held it in 10 quarters.
Delphi Management's First Business Financial Services position peaked at $645K in Q3 2015.
71 funds tracked by Wall St. Rank held First Business Financial Services as of Q4 2016.

Based on Delphi Management's 13F filing for Q4 2016, filed 16 Feb 2017.