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First Business Financial Services
FBIZ

80 hedge funds and large institutions have $134M invested in First Business Financial Services in 2019 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 34 increasing their positions, 19 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

80% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 5

79% more repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 19

5% more funds holding

Funds holding: 76 → 80 (+4)

3% more capital invested

Capital invested by funds: $130M → $134M (+$3.68M)

0.99% more ownership

Funds ownership: 63.32% → 64.32% (+0.99%)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
80
Holders Change
+4
Holders Change %
+5.26%
% of All Funds
1.75%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
9
Increased
34
Reduced
19
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Renaissance Technologies
Renaissance Technologies
New York
+$673K
2
WAM
Wakefield Asset Management
Colorado
+$516K
3
GC
Globeflex Capital
California
+$480K
4
WG
Winton Group
United Kingdom
+$475K
5
HSBC Holdings
HSBC Holdings
United Kingdom
+$436K

Top Sellers

Rank Fund Capital Flow
1
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
-$3.81M
2
PCA
PL Capital Advisors
Florida
-$1.07M
3
Deutsche Bank
Deutsche Bank
Germany
-$452K
4
OAM
Oxford Asset Management
United Kingdom
-$218K
5
Millennium Management
Millennium Management
New York
-$146K
Name Holding Trade Value Shares
Change 		Change in
Stake
PCA
26
PL Capital Advisors
Florida
$983K -$1.07M -45,387 -53%
MSL
27
Mackay Shields LLC
New York
$890K +$160K +6,800 +23%
BGIM
28
Brandywine Global Investment Management
Pennsylvania
$812K – – –
N
29
Nuveen
North Carolina
$796K -$46K -1,956 -6%
Wells Fargo
30
Wells Fargo
California
$793K +$18.7K +795 +2%
EVC
31
Eidelman Virant Capital
Missouri
$769K – – –
Wellington Management Group
32
Wellington Management Group
Massachusetts
$736K -$16.4K -697 -2%
T. Rowe Price Associates
33
T. Rowe Price Associates
Maryland
$662K +$57.8K +2,458 +10%
Prudential Financial
34
Prudential Financial
New Jersey
$636K +$27.5K +1,168 +5%
California Public Employees Retirement System
35
California Public Employees Retirement System
California
$578K +$30.6K +1,300 +6%
SO
36
STRS Ohio
Ohio
$565K -$30.6K -1,300 -5%
Acadian Asset Management
37
Acadian Asset Management
Massachusetts
$562K +$76.4K +3,250 +16%
Jacobs Levy Equity Management
38
Jacobs Levy Equity Management
New Jersey
$542K – – –
WAM
39
Wakefield Asset Management
Colorado
$528K +$516K +21,925 New
GC
40
Globeflex Capital
California
$491K +$480K +20,404 New
Ameriprise
41
Ameriprise
Minnesota
$490K -$18.9K -805 -4%
WG
42
Winton Group
United Kingdom
$486K +$475K +20,175 New
Charles Schwab
43
Charles Schwab
California
$483K – – –
Bessemer Group
44
Bessemer Group
New Jersey
$462K +$14.1K +600 +3%
NAS
45
Nicolet Advisory Services
Wisconsin
$454K – – –
HSBC Holdings
46
HSBC Holdings
United Kingdom
$447K +$436K +18,544 New
Millennium Management
47
Millennium Management
New York
$364K -$146K -6,194 -29%
WCM
48
Wedge Capital Management
North Carolina
$356K – – –
Bank of Montreal
49
Bank of Montreal
Ontario, Canada
$331K +$3.27K +139 +1%
Invesco
50
Invesco
Georgia
$324K +$316K +13,452 New
1
2
3 4

FBIZ Hedge Fund Activity: Q3 2019 in Review

80 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in First Business Financial Services (FBIZ) for Q3 2019, worth a combined $134M — up 2.8% from $130M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new FBIZ positions and 5 closed out — a net gain of 4 holders — while 34 added to existing stakes and 19 trimmed.

The largest buyer was Renaissance Technologies, adding an estimated $673K. The largest seller was Manulife (Manufacturers Life Insurance), cutting an estimated $3.81M.

  • 80 institutional investors held First Business Financial Services (FBIZ) as of Q3 2019, up from 76 in Q2 2019.
  • Funds reported $134M of First Business Financial Services stock for Q3 2019, up 2.8% quarter-over-quarter.
  • 9 funds opened new First Business Financial Services positions in Q3 2019 and 5 closed out, a net change of +4 holders.
  • The largest First Business Financial Services buyer in Q3 2019 was Renaissance Technologies, an estimated $673K added.
  • The largest First Business Financial Services seller in Q3 2019 was Manulife (Manufacturers Life Insurance), an estimated $3.81M sold.

Based on aggregated 13F filings for Q3 2019.