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First Business Financial Services
FBIZ

70 hedge funds and large institutions have $117M invested in First Business Financial Services in 2016 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 28 increasing their positions, 20 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 20

1% less capital invested

Capital invested by funds: $118M → $117M (-$1.64M)

9% less funds holding

Funds holding: 77 → 70 (-7)

78% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 9

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
70
Holders Change
-7
Holders Change %
-9.09%
% of All Funds
1.87%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
2
Increased
28
Reduced
20
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
BFC
Banc Funds Company
Illinois
+$578K
2
BCM
Bridgeway Capital Management
Texas
+$576K
3
KCM
Kennedy Capital Management
Missouri
+$555K
4
BFA
BlackRock Fund Advisors
California
+$408K
5
MAM
Martingale Asset Management
Massachusetts
+$280K

Top Sellers

1
EPCA
Elizabeth Park Capital Advisors
Ohio
-$1.26M
2
EI
EAM Investors
California
-$1.22M
3
Stifel Financial
Stifel Financial
Missouri
-$560K
4
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$264K
5
Two Sigma Advisers
Two Sigma Advisers
New York
-$249K
Name Holding Trade Value Shares
Change 		Change in
Stake
NFA
26
Nationwide Fund Advisors
Ohio
$798K +$17.9K +775 +2%
BCM
27
Buckhead Capital Management
Georgia
$676K -$186K -8,020 -22%
EVC
28
Eidelman Virant Capital
Missouri
$593K – – –
Mariner
29
Mariner
Kansas
$572K -$25.3K -1,092 -4%
AI
30
Analytic Investors
California
$551K – – –
California Public Employees Retirement System
31
California Public Employees Retirement System
California
$533K – – –
DM
32
Delphi Management
Massachusetts
$477K +$5.21K +225 +1%
CCMH
33
Cornerstone Capital Management Holdings
New York
$456K +$164K +7,100 +58%
WAM
34
Wealthspire Advisors (Maryland)
Maryland
$454K – – –
California State Teachers Retirement System (CalSTRS)
35
California State Teachers Retirement System (CalSTRS)
California
$402K +$4.63K +200 +1%
Bank of Montreal
36
Bank of Montreal
Ontario, Canada
$368K – – –
EA
37
Emerald Acquisition
Washington
$356K -$34.7K -1,500 -9%
Two Sigma Investments
38
Two Sigma Investments
New York
$327K +$1.32K +57 +0.4%
T. Rowe Price Associates
39
T. Rowe Price Associates
Maryland
$313K +$278 +12 +0.1%
TA
40
Teachers Advisors
New York
$298K – – –
Prudential Financial
41
Prudential Financial
New Jersey
$290K +$47.9K +2,070 +20%
Charles Schwab
42
Charles Schwab
California
$273K – – –
Invesco
43
Invesco
Georgia
$273K +$30.9K +1,335 +13%
Baird Financial Group
44
Baird Financial Group
Wisconsin
$232K – – –
Jacobs Levy Equity Management
45
Jacobs Levy Equity Management
New Jersey
$231K -$6.94K -300 -3%
PCM
46
Palouse Capital Management
Washington
$225K -$1.99K -86 -0.9%
EGA
47
Eagle Global Advisors
Texas
$218K +$215K +9,291 New
RhumbLine Advisers
48
RhumbLine Advisers
Massachusetts
$214K +$4.63K +200 +2%
New York State Common Retirement Fund
49
New York State Common Retirement Fund
New York
$188K – – –
Deutsche Bank
50
Deutsche Bank
Germany
$186K -$2.43K -105 -1%
1
2
3 4

FBIZ Hedge Fund Activity: Q3 2016 in Review

70 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in First Business Financial Services (FBIZ) for Q3 2016, worth a combined $117M — down 1.4% from $118M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of FBIZ and 2 opened new positions — a net loss of 7 holders — while 20 trimmed existing stakes and 28 added.

The largest buyer was Banc Funds Company, adding an estimated $578K. The largest seller was Elizabeth Park Capital Advisors, cutting an estimated $1.26M.

  • 70 institutional investors held First Business Financial Services (FBIZ) as of Q3 2016, down from 77 in Q2 2016.
  • Funds reported $117M of First Business Financial Services stock for Q3 2016, down 1.4% quarter-over-quarter.
  • 2 funds opened new First Business Financial Services positions in Q3 2016 and 9 closed out, a net change of -7 holders.
  • The largest First Business Financial Services buyer in Q3 2016 was Banc Funds Company, an estimated $578K added.
  • The largest First Business Financial Services seller in Q3 2016 was Elizabeth Park Capital Advisors, an estimated $1.26M sold.

Based on aggregated 13F filings for Q3 2016.