We are live on ! Find out more
FBIZ icon

First Business Financial Services
FBIZ

82 hedge funds and large institutions have $156M invested in First Business Financial Services in 2023 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 21 increasing their positions, 30 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

75% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 4

3% more funds holding

Funds holding: 80 → 82 (+2)

0% more capital invested

Capital invested by funds: $156M → $156M (+$159K)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

1.25% less ownership

Funds ownership: 63.78% → 62.53% (-1.2%)

30% less repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 30

Holders
82
Holders Change
+2
Holders Change %
+2.5%
% of All Funds
1.3%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
7
Increased
21
Reduced
30
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wealth Enhancement Advisory Services
Wealth Enhancement Advisory Services
Minnesota
+$405K
2
Millennium Management
Millennium Management
New York
+$355K
3
Geode Capital Management
Geode Capital Management
Massachusetts
+$291K
4
RP
Riverwater Partners
Wisconsin
+$210K
5
Vanguard Group
Vanguard Group
Pennsylvania
+$163K

Top Sellers

Rank Fund Capital Flow
1
First Trust Advisors
First Trust Advisors
Illinois
-$668K
2
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$576K
3
BlackRock
BlackRock
New York
-$570K
4
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
-$308K
5
FBFS
First Business Financial Services
Wisconsin
-$232K
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of New York Mellon
26
Bank of New York Mellon
New York
$1.15M +$2.68K +85 +0.2%
Goldman Sachs
27
Goldman Sachs
New York
$1.06M -$103K -3,277 -8%
UCI
28
Uncommon Cents Investing
Wisconsin
$1.04M -$4.11K -130 -0.4%
EF
29
Empowered Funds
Pennsylvania
$1.04M +$89.8K +2,844 +9%
GCM
30
Gator Capital Management
Florida
$716K – – –
JFGIW
31
Johnson Financial Group Inc (Wisconsin)
Wisconsin
$637K – – –
Charles Schwab
32
Charles Schwab
California
$621K – – –
Barclays
33
Barclays
United Kingdom
$592K -$12.2K -385 -2%
Morgan Stanley
34
Morgan Stanley
New York
$590K -$59.5K -1,884 -9%
N
35
Nuveen
North Carolina
$558K – – –
T. Rowe Price Associates
36
T. Rowe Price Associates
Maryland
$548K -$155K -4,924 -21%
MAM
37
Martingale Asset Management
Massachusetts
$439K – – –
RP
38
Riverwater Partners
Wisconsin
$423K +$210K +6,641 +89%
HSBC Holdings
39
HSBC Holdings
United Kingdom
$423K -$15.1K -477 -3%
Invesco
40
Invesco
Georgia
$421K +$3.03K +96 +0.7%
Royal Bank of Canada
41
Royal Bank of Canada
Ontario, Canada
$407K +$11K +349 +3%
Wealth Enhancement Advisory Services
42
Wealth Enhancement Advisory Services
Minnesota
$385K +$405K +12,816 New
RhumbLine Advisers
43
RhumbLine Advisers
Massachusetts
$346K +$1.39K +44 +0.4%
Millennium Management
44
Millennium Management
New York
$337K +$355K +11,245 New
Ameriprise
45
Ameriprise
Minnesota
$325K – – –
GC
46
Globeflex Capital
California
$324K – – –
Baird Financial Group
47
Baird Financial Group
Wisconsin
$312K +$31.6K +1,000 +11%
KAS
48
Kestra Advisory Services
Texas
$276K – – –
Two Sigma Advisers
49
Two Sigma Advisers
New York
$264K -$139K -4,400 -33%
Bank of America
50
Bank of America
North Carolina
$245K +$10.7K +338 +4%
1
2
3 4

FBIZ Hedge Fund Activity: Q3 2023 in Review

82 of the 6,302 institutional investors tracked by Wall St. Rank reported a position in First Business Financial Services (FBIZ) for Q3 2023, worth a combined $156M — up 0.1% from $156M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new FBIZ positions and 4 closed out — a net gain of 3 holders — while 21 added to existing stakes and 30 trimmed.

The largest buyer was Wealth Enhancement Advisory Services, opening a new position worth an estimated $405K. The largest seller was First Trust Advisors, exiting entirely with an estimated $668K sold.

  • 82 institutional investors held First Business Financial Services (FBIZ) as of Q3 2023, up from 80 in Q2 2023.
  • Funds reported $156M of First Business Financial Services stock for Q3 2023, up 0.1% quarter-over-quarter.
  • 7 funds opened new First Business Financial Services positions in Q3 2023 and 4 closed out, a net change of +3 holders.
  • The largest First Business Financial Services buyer in Q3 2023 was Wealth Enhancement Advisory Services, an estimated $405K added.
  • The largest First Business Financial Services seller in Q3 2023 was First Trust Advisors, an estimated $668K sold.

Based on aggregated 13F filings for Q3 2023.