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First Business Financial Services
FBIZ

75 hedge funds and large institutions have $128M invested in First Business Financial Services in 2018 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 34 increasing their positions, 18 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

89% more repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 18

0.46% more ownership

Funds ownership: 62.68% → 63.15% (+0.46%)

5% less funds holding

Funds holding: 79 → 75 (-4)

10% less capital invested

Capital invested by funds: $143M → $128M (-$14.5M)

80% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 5

Holders
75
Holders Change
-4
Holders Change %
-5.06%
% of All Funds
1.71%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
1
Increased
34
Reduced
18
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MCM
Maltese Capital Management
New York
+$1.88M
2
MI
M3F Inc
Utah
+$1.18M
3
Millennium Management
Millennium Management
New York
+$662K
4
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$535K
5
Hotchkis & Wiley Capital Management
Hotchkis & Wiley Capital Management
California
+$306K

Top Sellers

Rank Fund Capital Flow
1
BFC
Banc Funds Company
Illinois
-$2.52M
2
Wellington Management Group
Wellington Management Group
Massachusetts
-$942K
3
HIM
Hillsdale Investment Management
Ontario, Canada
-$676K
4
ZIM
Zacks Investment Management
Illinois
-$315K
5
RhumbLine Advisers
RhumbLine Advisers
Massachusetts
-$209K
Name Holding Trade Value Shares
Change 		Change in
Stake
Millennium Management
26
Millennium Management
New York
$1.17M +$662K +28,107 +126%
CCM
27
Cutler Capital Management
Massachusetts
$1.16M – – –
VIM
28
Vista Investment Management
Pennsylvania
$1.12M – – –
MAM
29
Martingale Asset Management
Massachusetts
$1.1M -$94 -4 -0%
Hotchkis & Wiley Capital Management
30
Hotchkis & Wiley Capital Management
California
$1.1M +$306K +12,984 +37%
Wells Fargo
31
Wells Fargo
California
$815K -$60.8K -2,584 -7%
EVC
32
Eidelman Virant Capital
Missouri
$746K +$235K +10,000 +45%
Morgan Stanley
33
Morgan Stanley
New York
$617K +$177K +7,528 +39%
SO
34
STRS Ohio
Ohio
$574K -$37.7K -1,600 -6%
Prudential Financial
35
Prudential Financial
New Jersey
$536K +$11.5K +490 +2%
Russell Investments Group
36
Russell Investments Group
United Kingdom
$532K -$7.3K -310 -1%
California Public Employees Retirement System
37
California Public Employees Retirement System
California
$526K – – –
T. Rowe Price Associates
38
T. Rowe Price Associates
Maryland
$484K +$15.3K +650 +3%
O
39
OppenheimerFunds
New York
$476K +$145K +6,165 +43%
Jacobs Levy Equity Management
40
Jacobs Levy Equity Management
New Jersey
$473K +$86.6K +3,681 +22%
TCIM
41
TIAA CREF Investment Management
New York
$430K -$11.6K -493 -3%
Charles Schwab
42
Charles Schwab
California
$398K +$21.2K +900 +6%
WCM
43
Wedge Capital Management
North Carolina
$334K – – –
OAM
44
Oxford Asset Management
United Kingdom
$315K +$8.24K +350 +3%
TA
45
Teachers Advisors
New York
$314K -$2.4K -102 -0.7%
Bank of Montreal
46
Bank of Montreal
Ontario, Canada
$311K -$8.05K -342 -2%
Baird Financial Group
47
Baird Financial Group
Wisconsin
$310K – – –
MSL
48
Mackay Shields LLC
New York
$308K – – –
California State Teachers Retirement System (CalSTRS)
49
California State Teachers Retirement System (CalSTRS)
California
$294K – – –
Bessemer Group
50
Bessemer Group
New Jersey
$292K – – –
1
2
3 4

FBIZ Hedge Fund Activity: Q3 2018 in Review

75 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in First Business Financial Services (FBIZ) for Q3 2018, worth a combined $128M — down 10% from $143M a quarter earlier.

Sellers outnumbered buyers: 5 funds closed out of FBIZ and 1 opened new positions — a net loss of 4 holders — while 18 trimmed existing stakes and 34 added.

The largest buyer was Maltese Capital Management, opening a new position worth an estimated $1.88M. The largest seller was Banc Funds Company, cutting an estimated $2.52M.

  • 75 institutional investors held First Business Financial Services (FBIZ) as of Q3 2018, down from 79 in Q2 2018.
  • Funds reported $128M of First Business Financial Services stock for Q3 2018, down 10% quarter-over-quarter.
  • 1 fund opened new First Business Financial Services positions in Q3 2018 and 5 closed out, a net change of -4 holders.
  • The largest First Business Financial Services buyer in Q3 2018 was Maltese Capital Management, an estimated $1.88M added.
  • The largest First Business Financial Services seller in Q3 2018 was Banc Funds Company, an estimated $2.52M sold.

Based on aggregated 13F filings for Q3 2018.