First Business Financial Services
FBIZ
141 hedge funds and large institutions have $375M invested in First Business Financial Services in 2026 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 65 increasing their positions, 40 reducing their positions, and 13 closing their positions.
78% more capital inflows, than outflows
Capital inflows: $23.7M | Capital outflows: $13.3M
63% more repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 40
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
1.84% more ownership
Funds ownership: 69.24% → 71.08% (+1.8%)
2% less funds holding
Funds holding: 144 → 141 (-3)
15% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$3.37M |
| 2 |
Two Sigma Investments
New York
|
+$2.42M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$1.99M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
+$1.89M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$952K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MI
M3F Inc
Salt Lake City,
Utah
|
-$1.6M |
| 2 |
FBFS
First Business Financial Services
Madison,
Wisconsin
|
-$1.22M |
| 3 |
Franklin Resources
San Mateo,
California
|
-$964K |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
-$908K |
| 5 |
Lazard Asset Management
New York
|
-$905K |
FBIZ Hedge Fund Activity: Q2 2026 in Review
141 of the 8,354 institutional investors tracked by Wall St. Rank reported a position in First Business Financial Services (FBIZ) for Q2 2026, worth a combined $375M — up 20% from $312M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of FBIZ and 11 opened new positions — a net loss of 2 holders — while 40 trimmed existing stakes and 65 added.
The largest buyer was BlackRock, adding an estimated $3.37M. The largest seller was M3F Inc, exiting entirely with an estimated $1.6M sold.
- 141 institutional investors held First Business Financial Services (FBIZ) as of Q2 2026, down from 144 in Q1 2026.
- Funds reported $375M of First Business Financial Services stock for Q2 2026, up 20% quarter-over-quarter.
- 11 funds opened new First Business Financial Services positions in Q2 2026 and 13 closed out, a net change of -2 holders.
- The largest First Business Financial Services buyer in Q2 2026 was BlackRock, an estimated $3.37M added.
- The largest First Business Financial Services seller in Q2 2026 was M3F Inc, an estimated $1.6M sold.
Based on aggregated 13F filings for Q2 2026.