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First Business Financial Services
FBIZ

52 hedge funds and large institutions have $74.1M invested in First Business Financial Services in 2014 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 17 increasing their positions, 11 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

367% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 3

55% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 11

21% more funds holding

Funds holding: 43 → 52 (+9)

14% more capital invested

Capital invested by funds: $65.1M → $74.1M (+$9.03M)

67% less funds holding in top 10

Funds holding in top 10: 3 → 1 (-2)

Holders
52
Holders Change
+9
Holders Change %
+20.93%
% of All Funds
1.5%
Holding in Top 10
1
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-66.67%
% of All Funds
0.03%
New
14
Increased
17
Reduced
11
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
EVM
Eaton Vance Management
Massachusetts
+$708K
2
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
+$605K
3
Wells Fargo
Wells Fargo
California
+$595K
4
Renaissance Technologies
Renaissance Technologies
New York
+$573K
5
CIC
Cornercap Investment Counsel
Georgia
+$468K

Top Sellers

Rank Fund Capital Flow
1
MCM
Maltese Capital Management
New York
-$1.29M
2
EA
Emerald Advisers
Pennsylvania
-$1.12M
3
EMFAT
Emerald Mutual Fund Advisers Trust
Pennsylvania
-$877K
4
Wellington Management Group
Wellington Management Group
Massachusetts
-$743K
5
CAM
Cubic Asset Management
Massachusetts
-$675K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
26
Morgan Stanley
New York
$475K +$325K +15,446 +329%
GCP
27
GSA Capital Partners
United Kingdom
$473K +$423K +20,054 New
U
28
UBS
Switzerland
$464K +$353K +16,736 +575%
BIT
29
BlackRock Institutional Trust
California
$463K -$96.4K -4,574 -19%
BG
30
BlackRock Group
United Kingdom
$459K +$410K +19,454 New
BCMU
31
BlueCrest Capital Management (UK)
Guernsey
$408K +$365K +17,300 New
CAM
32
ClariVest Asset Management
California
$358K +$159K +7,536 +99%
MAA
33
Managed Account Advisors
New Jersey
$339K +$175K +8,308 +138%
Acadian Asset Management
34
Acadian Asset Management
Massachusetts
$325K -$26.3K -1,246 -8%
PAM
35
Panagora Asset Management
Massachusetts
$300K +$268K +12,722 New
Bank of Montreal
36
Bank of Montreal
Ontario, Canada
$284K -$239K -11,354 -49%
Invesco
37
Invesco
Georgia
$275K +$179K +8,494 +269%
HIS
38
Horizon Investment Services
Indiana
$261K +$244K +11,560 New
Susquehanna International Group
39
Susquehanna International Group
Pennsylvania
$254K +$227K +10,776 New
Deutsche Bank
40
Deutsche Bank
Germany
$242K +$78.1K +3,704 +56%
B
41
Baird
Wisconsin
$233K +$208K +9,856 New
DM
42
Delphi Management
Massachusetts
$207K -$25.5K -1,210 -12%
SIM
43
Spark Investment Management
New York
$205K +$185K +8,800 New
HIM
44
Hillsdale Investment Management
Ontario, Canada
$171K +$153K +7,238 New
ST
45
Smithfield Trust
Pennsylvania
$116K +$38.4K +1,820 +59%
US Bancorp
46
US Bancorp
Minnesota
$47K – – –
Royal Bank of Canada
47
Royal Bank of Canada
Ontario, Canada
$47K +$23.9K +1,136 +132%
RFC
48
Russell Frank Company
Washington
$40K – – –
Manulife (Manufacturers Life Insurance)
49
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$3.93K +$605K +28,698 +21%
GC
50
Globeflex Capital
California
$2K – – –
1
2
3

FBIZ Hedge Fund Activity: Q1 2014 in Review

52 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in First Business Financial Services (FBIZ) for Q1 2014, worth a combined $74.1M — up 14% from $65.1M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new FBIZ positions and 3 closed out — a net gain of 11 holders — while 17 added to existing stakes and 11 trimmed.

The largest buyer was Eaton Vance Management, opening a new position worth an estimated $708K. The largest seller was Maltese Capital Management, cutting an estimated $1.29M.

  • 52 institutional investors held First Business Financial Services (FBIZ) as of Q1 2014, up from 43 in Q4 2013.
  • Funds reported $74.1M of First Business Financial Services stock for Q1 2014, up 14% quarter-over-quarter.
  • 14 funds opened new First Business Financial Services positions in Q1 2014 and 3 closed out, a net change of +11 holders.
  • The largest First Business Financial Services buyer in Q1 2014 was Eaton Vance Management, an estimated $708K added.
  • The largest First Business Financial Services seller in Q1 2014 was Maltese Capital Management, an estimated $1.29M sold.

Based on aggregated 13F filings for Q1 2014.