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First Business Financial Services
FBIZ

84 hedge funds and large institutions have $208M invested in First Business Financial Services in 2023 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 31 increasing their positions, 23 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 5

35% more repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 23

33% more capital invested

Capital invested by funds: $156M → $208M (+$52.1M)

2% more funds holding

Funds holding: 82 → 84 (+2)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0.12% less ownership

Funds ownership: 62.53% → 62.42% (-0.12%)

Holders
84
Holders Change
+2
Holders Change %
+2.44%
% of All Funds
1.22%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
8
Increased
31
Reduced
23
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$1.71M
2
Morgan Stanley
Morgan Stanley
New York
+$1.42M
3
EI
EAM Investors
California
+$615K
4
GCP
GSA Capital Partners
United Kingdom
+$315K
5
Barclays
Barclays
United Kingdom
+$285K

Top Sellers

Rank Fund Capital Flow
1
MI
M3F Inc
Utah
-$1.21M
2
JFGIW
Johnson Financial Group Inc (Wisconsin)
Wisconsin
-$637K
3
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
-$392K
4
AllianceBernstein
AllianceBernstein
Tennessee
-$339K
5
FBFS
First Business Financial Services
Wisconsin
-$203K
Name Holding Trade Value Shares
Change 		Change in
Stake
EF
26
Empowered Funds
Pennsylvania
$1.53M +$113K +3,368 +10%
Bank of New York Mellon
27
Bank of New York Mellon
New York
$1.51M -$18.5K -551 -1%
UCI
28
Uncommon Cents Investing
Wisconsin
$1.45M +$50K +1,485 +4%
Goldman Sachs
29
Goldman Sachs
New York
$1.27M -$129K -3,824 -11%
Barclays
30
Barclays
United Kingdom
$1.13M +$285K +8,475 +43%
GCM
31
Gator Capital Management
Florida
$956K – – –
N
32
Nuveen
North Carolina
$922K +$148K +4,405 +24%
Charles Schwab
33
Charles Schwab
California
$830K +$538 +16 +0.1%
Invesco
34
Invesco
Georgia
$751K +$158K +4,702 +34%
T. Rowe Price Associates
35
T. Rowe Price Associates
Maryland
$739K +$6.12K +182 +1%
EI
36
EAM Investors
California
$733K +$615K +18,274 New
MAM
37
Martingale Asset Management
Massachusetts
$582K -$3.4K -101 -0.7%
Royal Bank of Canada
38
Royal Bank of Canada
Ontario, Canada
$582K +$32K +952 +7%
RP
39
Riverwater Partners
Wisconsin
$581K +$12.9K +382 +3%
HSBC Holdings
40
HSBC Holdings
United Kingdom
$556K -$24.5K -728 -5%
Wealth Enhancement Advisory Services
41
Wealth Enhancement Advisory Services
Minnesota
$514K +$269 +8 +0.1%
Ameriprise
42
Ameriprise
Minnesota
$474K +$32.4K +962 +9%
RhumbLine Advisers
43
RhumbLine Advisers
Massachusetts
$456K -$4.95K -147 -1%
Bank of America
44
Bank of America
North Carolina
$434K +$90K +2,674 +33%
GC
45
Globeflex Capital
California
$433K – – –
Baird Financial Group
46
Baird Financial Group
Wisconsin
$411K -$5.38K -160 -2%
GCP
47
GSA Capital Partners
United Kingdom
$375K +$315K +9,350 New
KAS
48
Kestra Advisory Services
Texas
$369K – – –
Millennium Management
49
Millennium Management
New York
$352K -$83.2K -2,474 -22%
UBS Group
50
UBS Group
Switzerland
$350K +$147K +4,383 +101%
1
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FBIZ Hedge Fund Activity: Q4 2023 in Review

84 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in First Business Financial Services (FBIZ) for Q4 2023, worth a combined $208M — up 33% from $156M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new FBIZ positions and 5 closed out — a net gain of 3 holders — while 31 added to existing stakes and 23 trimmed.

The largest buyer was BlackRock, adding an estimated $1.71M. The largest seller was M3F Inc, cutting an estimated $1.21M.

  • 84 institutional investors held First Business Financial Services (FBIZ) as of Q4 2023, up from 82 in Q3 2023.
  • Funds reported $208M of First Business Financial Services stock for Q4 2023, up 33% quarter-over-quarter.
  • 8 funds opened new First Business Financial Services positions in Q4 2023 and 5 closed out, a net change of +3 holders.
  • The largest First Business Financial Services buyer in Q4 2023 was BlackRock, an estimated $1.71M added.
  • The largest First Business Financial Services seller in Q4 2023 was M3F Inc, an estimated $1.21M sold.

Based on aggregated 13F filings for Q4 2023.