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First Business Financial Services
FBIZ

75 hedge funds and large institutions have $139M invested in First Business Financial Services in 2021 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 23 increasing their positions, 24 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

2.06% more ownership

Funds ownership: 58.83% → 60.89% (+2.1%)

4% less capital invested

Capital invested by funds: $144M → $139M (-$5.13M)

4% less repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 24

1% less funds holding

Funds holding: 76 → 75 (-1)

14% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 7

Holders
75
Holders Change
-1
Holders Change %
-1.32%
% of All Funds
1.15%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
6
Increased
23
Reduced
24
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
+$737K
2
FL
Fourthstone LLC
Missouri
+$693K
3
PRCP
Pacific Ridge Capital Partners
Oregon
+$436K
4
BlackRock
BlackRock
New York
+$298K
5
Millennium Management
Millennium Management
New York
+$229K

Top Sellers

Rank Fund Capital Flow
1
BFC
Banc Funds Company
Illinois
-$1.13M
2
E
Ergoteles
New York
-$629K
3
Renaissance Technologies
Renaissance Technologies
New York
-$604K
4
Marshall Wace
Marshall Wace
United Kingdom
-$550K
5
NAS
Nicolet Advisory Services
Wisconsin
-$542K
Name Holding Trade Value Shares
Change 		Change in
Stake
RHCA
26
Rosenthal Henry Capital Advisors
Indiana
$1.46M – – –
VIM
27
Vista Investment Management
Pennsylvania
$1.34M +$69.6K +2,381 +5%
SFI
28
Susquehanna Fundamental Investments
Pennsylvania
$1M – – –
Federated Hermes
29
Federated Hermes
Pennsylvania
$952K +$2.28K +78 +0.2%
T. Rowe Price Associates
30
T. Rowe Price Associates
Maryland
$773K – – –
State Street
31
State Street
Massachusetts
$707K – – –
American Century Companies
32
American Century Companies
Missouri
$707K +$185K +6,341 +35%
Arrowstreet Capital
33
Arrowstreet Capital
Massachusetts
$698K -$137K -4,693 -16%
UCI
34
Uncommon Cents Investing
Wisconsin
$694K +$66K +2,256 +10%
GCM
35
Gator Capital Management
Florida
$694K +$696K +23,808 New
Susquehanna International Group
36
Susquehanna International Group
Pennsylvania
$690K +$224K +7,663 +48%
Bank of America
37
Bank of America
North Carolina
$606K -$1.58K -54 -0.3%
Barclays
38
Barclays
United Kingdom
$598K -$34.7K -1,185 -5%
KCM
39
Kennedy Capital Management
Missouri
$579K +$53.3K +1,821 +10%
Morgan Stanley
40
Morgan Stanley
New York
$527K -$10K -343 -2%
Bank of New York Mellon
41
Bank of New York Mellon
New York
$469K -$156K -5,346 -25%
HSBC Holdings
42
HSBC Holdings
United Kingdom
$450K – – –
Jacobs Levy Equity Management
43
Jacobs Levy Equity Management
New Jersey
$414K +$179K +6,126 +76%
EVC
44
Eidelman Virant Capital
Missouri
$397K – – –
Two Sigma Investments
45
Two Sigma Investments
New York
$385K -$13.9K -476 -3%
Two Sigma Advisers
46
Two Sigma Advisers
New York
$379K -$87.7K -3,000 -19%
HF
47
HRT Financial
New York
$372K -$239K -8,186 -39%
RP
48
Riverwater Partners
Wisconsin
$359K +$360K +12,295 New
GC
49
Globeflex Capital
California
$354K – – –
Royal Bank of Canada
50
Royal Bank of Canada
Ontario, Canada
$348K +$133K +4,536 +61%
1
2
3 4

FBIZ Hedge Fund Activity: Q4 2021 in Review

75 of the 6,499 institutional investors tracked by Wall St. Rank reported a position in First Business Financial Services (FBIZ) for Q4 2021, worth a combined $139M — down 3.6% from $144M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of FBIZ and 6 opened new positions — a net loss of 1 holder — while 24 trimmed existing stakes and 23 added.

The largest buyer was Manulife (Manufacturers Life Insurance), adding an estimated $737K. The largest seller was Banc Funds Company, cutting an estimated $1.13M.

  • 75 institutional investors held First Business Financial Services (FBIZ) as of Q4 2021, down from 76 in Q3 2021.
  • Funds reported $139M of First Business Financial Services stock for Q4 2021, down 3.6% quarter-over-quarter.
  • 6 funds opened new First Business Financial Services positions in Q4 2021 and 7 closed out, a net change of -1 holder.
  • The largest First Business Financial Services buyer in Q4 2021 was Manulife (Manufacturers Life Insurance), an estimated $737K added.
  • The largest First Business Financial Services seller in Q4 2021 was Banc Funds Company, an estimated $1.13M sold.

Based on aggregated 13F filings for Q4 2021.