Hillsdale Investment Management’s First Business Financial Services FBIZ Stock Holding History

Hillsdale Investment 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
2026 Q1	$4.48M	Hold	83,071	–	–	0.12%	214
2025 Q4	$4.51M	Sell	83,071 -900	-1%	-$47.1K	0.12%	224
2025 Q3	$4.3M	Sell	83,971 -20,100	-19%	-$1.03M	0.13%	224
2025 Q2	$5.27M	Buy	104,071 +23,800	+30%	+$1.14M	0.19%	156
2025 Q1	$3.78M	Buy	80,271 +27,629	+52%	+$1.36M	0.19%	126
2024 Q4	$2.44M	Buy	52,642 +49,628	+1,647%	+$2.32M	0.12%	201
2024 Q3	$137K	Buy	+3,014	New	+$127K	0.01%	425
2023 Q4	–	Sell	-2,300	Closed	-$69K	–	590
2023 Q3	$69K	Sell	2,300 -400	-15%	-$12.6K	0.01%	415
2023 Q2	$79.6K	Sell	2,700 -200	-7%	-$5.67K	0.01%	384
2023 Q1	$88.5K	Buy	2,900 +300	+12%	+$10.3K	0.01%	471
2022 Q4	$95K	Buy	2,600 +300	+13%	+$11K	0.01%	459
2022 Q3	$74K	Sell	2,300 -300	-12%	-$9.96K	0.01%	450
2022 Q2	$81K	Hold	2,600	–	–	0.01%	438
2022 Q1	$85K	Hold	2,600	–	–	0.01%	448
2021 Q4	$76K	Buy	2,600 +600	+30%	+$17.5K	0.01%	457
2021 Q3	$57K	Buy	2,000 +400	+25%	+$11.1K	﹤0.01%	463
2021 Q2	$43K	Buy	+1,600	New	+$42.2K	﹤0.01%	480
2020 Q4	–	Sell	-30,741	Closed	-$440K	–	616
2020 Q3	$440K	Sell	30,741 -16,059	-34%	-$249K	0.04%	351
2020 Q2	$770K	Sell	46,800 -1,200	-3%	-$18.8K	0.07%	236
2020 Q1	$744K	Hold	48,000	–	–	0.09%	187
2019 Q4	$1.26M	Buy	48,000 +6,000	+14%	+$149K	0.11%	171
2019 Q3	$1.01M	Buy	42,000 +12,200	+41%	+$287K	0.09%	176
2019 Q2	$700K	Buy	29,800 +28,700	+2,609%	+$652K	0.07%	270
2019 Q1	$22K	Buy	1,100 +200	+22%	+$4.23K	﹤0.01%	463
2018 Q4	$18K	Buy	900 +200	+29%	+$4.14K	﹤0.01%	447
2018 Q3	$16K	Sell	700 -28,700	-98%	-$676K	﹤0.01%	339
2018 Q2	$765K	Buy	+29,400	New	+$760K	0.09%	171
2014 Q3	–	Sell	-26,400	Closed	-$621K	–	558
2014 Q2	$621K	Buy	26,400 +19,162	+265%	+$443K	0.14%	87
2014 Q1	$171K	Buy	+7,238	New	+$153K	0.05%	329

Other funds holding FBIZ

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

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

FBFS

First Business Financial Services Madison, Wisconsin $1.29B AUM 27.28% 1-Year Est. Return

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

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

American Century Companies Kansas City, Missouri $194B AUM 35% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

BFC

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

CCM

Cutler Capital Management Worcester, Massachusetts $370M AUM 15.34% 1-Year Est. Return

Hillsdale Investment Management's FBIZ Position: Q1 2026 in Review

Hillsdale Investment Management held its First Business Financial Services (FBIZ) position steady in Q1 2026 at 83,071 shares worth $4.48M. The position accounts for 0.12% of the portfolio, ranked #214.

Hillsdale Investment Management first reported a position in FBIZ in Q1 2014 and has held it in 29 quarters since. The position peaked at $5.27M in Q2 2025. 144 funds tracked by Wall St. Rank hold FBIZ as of Q1 2026.

Hillsdale Investment Management held 83,071 shares of First Business Financial Services worth $4.48M as of Q1 2026.
Hillsdale Investment Management left its First Business Financial Services share count unchanged in Q1 2026.
First Business Financial Services made up 0.12% of Hillsdale Investment Management's portfolio in Q1 2026, its #214 holding.
Hillsdale Investment Management first reported a position in First Business Financial Services in Q1 2014 and has held it in 29 quarters since.
Hillsdale Investment Management's First Business Financial Services position peaked at $5.27M in Q2 2025.
144 funds tracked by Wall St. Rank held First Business Financial Services as of Q1 2026.

Based on Hillsdale Investment Management's 13F filing for Q1 2026, filed 4 May 2026.