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First Business Financial Services
FBIZ

68 hedge funds and large institutions have $85.7M invested in First Business Financial Services in 2014 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 30 increasing their positions, 13 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

131% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 13

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

6% less funds holding

Funds holding: 72 → 68 (-4)

7% less capital invested

Capital invested by funds: $92.5M → $85.7M (-$6.78M)

40% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 10

Holders
68
Holders Change
-4
Holders Change %
-5.56%
% of All Funds
1.97%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
6
Increased
30
Reduced
13
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Northern Trust
Northern Trust
Illinois
+$1.35M
2
EVM
Eaton Vance Management
Massachusetts
+$943K
3
MAM
Martingale Asset Management
Massachusetts
+$853K
4
Federated Hermes
Federated Hermes
Pennsylvania
+$552K
5
Renaissance Technologies
Renaissance Technologies
New York
+$522K

Top Sellers

1
TC
TFS Capital
Pennsylvania
-$1.34M
2
Wells Fargo
Wells Fargo
California
-$706K
3
HIM
Hillsdale Investment Management
Ontario, Canada
-$621K
4
PAM
Panagora Asset Management
Massachusetts
-$410K
5
AWCI
Alpine Woods Capital Investors
New York
-$358K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
26
Morgan Stanley
New York
$861K +$226K +10,022 +34%
MAM
27
Martingale Asset Management
Massachusetts
$833K +$853K +37,918 New
GCP
28
GSA Capital Partners
United Kingdom
$743K +$266K +11,800 +54%
Stifel Financial
29
Stifel Financial
Missouri
$735K +$130K +5,762 +21%
TCIM
30
TIAA CREF Investment Management
New York
$719K -$84.2K -3,742 -10%
Bank of Montreal
31
Bank of Montreal
Ontario, Canada
$706K +$276K +12,244 +62%
Bank of New York Mellon
32
Bank of New York Mellon
New York
$579K +$585 +26 +0.1%
BIM
33
BlackRock Investment Management
Delaware
$567K +$29.3K +1,302 +5%
MAA
34
Managed Account Advisors
New Jersey
$554K +$263K +11,674 +86%
NFA
35
Nationwide Fund Advisors
Ohio
$548K +$264K +11,728 +89%
Federated Hermes
36
Federated Hermes
Pennsylvania
$546K +$552K +24,514 +6,772%
Charles Schwab
37
Charles Schwab
California
$520K +$60.2K +2,674 +13%
California Public Employees Retirement System
38
California Public Employees Retirement System
California
$498K – – –
SWM
39
SVA Wealth Management
Wisconsin
$487K – – –
CIC
40
Cornercap Investment Counsel
Georgia
$479K -$8.78K -390 -2%
RFC
41
Russell Frank Company
Washington
$452K – – –
Acadian Asset Management
42
Acadian Asset Management
Massachusetts
$375K +$74.1K +3,292 +24%
AWCI
43
Alpine Woods Capital Investors
New York
$373K -$358K -15,902 -48%
DM
44
Delphi Management
Massachusetts
$370K +$181K +8,050 +92%
California State Teachers Retirement System (CalSTRS)
45
California State Teachers Retirement System (CalSTRS)
California
$318K +$1.84K +82 +0.6%
ST
46
Smithfield Trust
Pennsylvania
$282K +$182K +8,080 +170%
TA
47
Teachers Advisors
New York
$246K – – –
Jacobs Levy Equity Management
48
Jacobs Levy Equity Management
New Jersey
$239K – – –
B
49
Baird
Wisconsin
$216K – – –
Two Sigma Investments
50
Two Sigma Investments
New York
$211K +$216K +9,600 New
1
2
3 4

FBIZ Hedge Fund Activity: Q3 2014 in Review

68 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in First Business Financial Services (FBIZ) for Q3 2014, worth a combined $85.7M — down 7.3% from $92.5M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of FBIZ and 6 opened new positions — a net loss of 4 holders — while 13 trimmed existing stakes and 30 added.

The largest buyer was Northern Trust, adding an estimated $1.35M. The largest seller was TFS Capital, exiting entirely with an estimated $1.34M sold.

  • 68 institutional investors held First Business Financial Services (FBIZ) as of Q3 2014, down from 72 in Q2 2014.
  • Funds reported $85.7M of First Business Financial Services stock for Q3 2014, down 7.3% quarter-over-quarter.
  • 6 funds opened new First Business Financial Services positions in Q3 2014 and 10 closed out, a net change of -4 holders.
  • The largest First Business Financial Services buyer in Q3 2014 was Northern Trust, an estimated $1.35M added.
  • The largest First Business Financial Services seller in Q3 2014 was TFS Capital, an estimated $1.34M sold.

Based on aggregated 13F filings for Q3 2014.