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First Business Financial Services
FBIZ

74 hedge funds and large institutions have $139M invested in First Business Financial Services in 2018 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 22 increasing their positions, 23 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

600% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 1

18% more capital invested

Capital invested by funds: $118M → $139M (+$21.7M)

7% more funds holding

Funds holding: 69 → 74 (+5)

2.29% more ownership

Funds ownership: 60.77% → 63.05% (+2.3%)

4% less repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 23

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
74
Holders Change
+5
Holders Change %
+7.25%
% of All Funds
1.7%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
7
Increased
22
Reduced
23
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PRCP
Pacific Ridge Capital Partners
Oregon
+$1.61M
2
BFC
Banc Funds Company
Illinois
+$1M
3
Mariner
Mariner
Kansas
+$836K
4
MI
M3F Inc
Utah
+$735K
5
ROC
River Oaks Capital
Minnesota
+$680K

Top Sellers

Rank Fund Capital Flow
1
Wellington Management Group
Wellington Management Group
Massachusetts
-$507K
2
Wells Fargo
Wells Fargo
California
-$399K
3
California Public Employees Retirement System
California Public Employees Retirement System
California
-$183K
4
JP Morgan Chase
JP Morgan Chase
New York
-$179K
5
Deutsche Bank
Deutsche Bank
Germany
-$169K
Name Holding Trade Value Shares
Change 		Change in
Stake
CCM
26
Cutler Capital Management
Massachusetts
$1.16M +$24.1K +1,000 +2%
Russell Investments Group
27
Russell Investments Group
United Kingdom
$996K +$35K +1,454 +4%
Mariner
28
Mariner
Kansas
$874K +$836K +34,738 New
BCM
29
Buckhead Capital Management
Georgia
$831K – – –
Wells Fargo
30
Wells Fargo
California
$820K -$399K -16,583 -34%
Deutsche Bank
31
Deutsche Bank
Germany
$814K -$169K -7,038 -18%
SO
32
STRS Ohio
Ohio
$664K – – –
TCIM
33
TIAA CREF Investment Management
New York
$610K – – –
California Public Employees Retirement System
34
California Public Employees Retirement System
California
$571K -$183K -7,600 -25%
EVC
35
Eidelman Virant Capital
Missouri
$559K – – –
Prudential Financial
36
Prudential Financial
New Jersey
$509K – – –
T. Rowe Price Associates
37
T. Rowe Price Associates
Maryland
$492K +$60.5K +2,516 +15%
Morgan Stanley
38
Morgan Stanley
New York
$453K -$4.79K -199 -1%
Hotchkis & Wiley Capital Management
39
Hotchkis & Wiley Capital Management
California
$447K – – –
MSL
40
Mackay Shields LLC
New York
$435K +$416K +17,290 New
Jacobs Levy Equity Management
41
Jacobs Levy Equity Management
New Jersey
$433K +$22.5K +935 +6%
Charles Schwab
42
Charles Schwab
California
$373K -$59.6K -2,477 -14%
Bank of Montreal
43
Bank of Montreal
Ontario, Canada
$350K -$48.1K -2,000 -13%
TA
44
Teachers Advisors
New York
$343K – – –
Bessemer Group
45
Bessemer Group
New Jersey
$317K – – –
California State Teachers Retirement System (CalSTRS)
46
California State Teachers Retirement System (CalSTRS)
California
$315K -$11.8K -492 -4%
Baird Financial Group
47
Baird Financial Group
Wisconsin
$294K +$44.5K +1,848 +19%
O
48
OppenheimerFunds
New York
$290K -$54.3K -2,258 -16%
SRAM
49
Stone Ridge Asset Management
New York
$250K – – –
WAM
50
Wealthspire Advisors (Maryland)
Maryland
$216K -$51.2K -2,130 -20%
1
2
3

FBIZ Hedge Fund Activity: Q1 2018 in Review

74 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in First Business Financial Services (FBIZ) for Q1 2018, worth a combined $139M — up 18% from $118M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new FBIZ positions and 1 closed out — a net gain of 6 holders — while 22 added to existing stakes and 23 trimmed.

The largest buyer was Pacific Ridge Capital Partners, opening a new position worth an estimated $1.61M. The largest seller was Wellington Management Group, cutting an estimated $507K.

  • 74 institutional investors held First Business Financial Services (FBIZ) as of Q1 2018, up from 69 in Q4 2017.
  • Funds reported $139M of First Business Financial Services stock for Q1 2018, up 18% quarter-over-quarter.
  • 7 funds opened new First Business Financial Services positions in Q1 2018 and 1 closed out, a net change of +6 holders.
  • The largest First Business Financial Services buyer in Q1 2018 was Pacific Ridge Capital Partners, an estimated $1.61M added.
  • The largest First Business Financial Services seller in Q1 2018 was Wellington Management Group, an estimated $507K sold.

Based on aggregated 13F filings for Q1 2018.