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First Business Financial Services
FBIZ

82 hedge funds and large institutions have $147M invested in First Business Financial Services in 2019 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 32 increasing their positions, 28 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 3

14% more repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 28

10% more capital invested

Capital invested by funds: $134M → $147M (+$13.4M)

3% more funds holding

Funds holding: 80 → 82 (+2)

0.79% more ownership

Funds ownership: 64.32% → 65.11% (+0.79%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
82
Holders Change
+2
Holders Change %
+2.5%
% of All Funds
1.62%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
5
Increased
32
Reduced
28
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BFC
Banc Funds Company
Illinois
+$578K
2
Renaissance Technologies
Renaissance Technologies
New York
+$481K
3
PRCP
Pacific Ridge Capital Partners
Oregon
+$466K
4
Bank of New York Mellon
Bank of New York Mellon
New York
+$420K
5
Millennium Management
Millennium Management
New York
+$315K

Top Sellers

Rank Fund Capital Flow
1
PCA
PL Capital Advisors
Florida
-$983K
2
MI
M3F Inc
Utah
-$733K
3
FBFS
First Business Financial Services
Wisconsin
-$388K
4
WG
Winton Group
United Kingdom
-$237K
5
OAM
Oxford Asset Management
United Kingdom
-$210K
Name Holding Trade Value Shares
Change 		Change in
Stake
BGIM
26
Brandywine Global Investment Management
Pennsylvania
$1.14M +$230K +9,266 +27%
Federated Hermes
27
Federated Hermes
Pennsylvania
$1.13M +$24.5K +990 +2%
Wells Fargo
28
Wells Fargo
California
$857K -$9.79K -395 -1%
N
29
Nuveen
North Carolina
$807K -$60.4K -2,436 -7%
Jacobs Levy Equity Management
30
Jacobs Levy Equity Management
New Jersey
$792K +$188K +7,564 +34%
EVC
31
Eidelman Virant Capital
Missouri
$785K -$52.1K -2,100 -7%
Acadian Asset Management
32
Acadian Asset Management
Massachusetts
$742K +$119K +4,801 +21%
T. Rowe Price Associates
33
T. Rowe Price Associates
Maryland
$733K +$8.06K +325 +1%
Millennium Management
34
Millennium Management
New York
$733K +$315K +12,689 +84%
Wellington Management Group
35
Wellington Management Group
Massachusetts
$691K -$107K -4,308 -14%
Prudential Financial
36
Prudential Financial
New Jersey
$675K -$19.8K -800 -3%
SO
37
STRS Ohio
Ohio
$608K -$9.92K -400 -2%
California Public Employees Retirement System
38
California Public Employees Retirement System
California
$577K -$52.1K -2,100 -9%
WAM
39
Wakefield Asset Management
Colorado
$571K -$6.3K -254 -1%
Ameriprise
40
Ameriprise
Minnesota
$558K +$20.3K +820 +4%
GC
41
Globeflex Capital
California
$537K – – –
Bessemer Group
42
Bessemer Group
New Jersey
$537K +$29.8K +1,200 +6%
Charles Schwab
43
Charles Schwab
California
$528K – – –
NAS
44
Nicolet Advisory Services
Wisconsin
$497K – – –
WCM
45
Wedge Capital Management
North Carolina
$434K +$42.3K +1,706 +12%
Morgan Stanley
46
Morgan Stanley
New York
$433K +$218K +8,781 +115%
Invesco
47
Invesco
Georgia
$399K +$42.1K +1,697 +13%
California State Teachers Retirement System (CalSTRS)
48
California State Teachers Retirement System (CalSTRS)
California
$342K – – –
RhumbLine Advisers
49
RhumbLine Advisers
Massachusetts
$334K +$917 +37 +0.3%
Russell Investments Group
50
Russell Investments Group
United Kingdom
$331K – – –
1
2
3 4

FBIZ Hedge Fund Activity: Q4 2019 in Review

82 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in First Business Financial Services (FBIZ) for Q4 2019, worth a combined $147M — up 10% from $134M a quarter earlier.

Buyers outnumbered sellers: 5 funds opened new FBIZ positions and 3 closed out — a net gain of 2 holders — while 32 added to existing stakes and 28 trimmed.

The largest buyer was Banc Funds Company, adding an estimated $578K. The largest seller was PL Capital Advisors, exiting entirely with an estimated $983K sold.

  • 82 institutional investors held First Business Financial Services (FBIZ) as of Q4 2019, up from 80 in Q3 2019.
  • Funds reported $147M of First Business Financial Services stock for Q4 2019, up 10% quarter-over-quarter.
  • 5 funds opened new First Business Financial Services positions in Q4 2019 and 3 closed out, a net change of +2 holders.
  • The largest First Business Financial Services buyer in Q4 2019 was Banc Funds Company, an estimated $578K added.
  • The largest First Business Financial Services seller in Q4 2019 was PL Capital Advisors, an estimated $983K sold.

Based on aggregated 13F filings for Q4 2019.