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First Business Financial Services
FBIZ

104 hedge funds and large institutions have $257M invested in First Business Financial Services in 2024 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 49 increasing their positions, 19 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

158% more repeat investments, than reductions

Existing positions increased: 49 | Existing positions reduced: 19

125% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 8

11% more funds holding

Funds holding: 94 → 104 (+10)

6% more capital invested

Capital invested by funds: $241M → $257M (+$15.6M)

3.06% more ownership

Funds ownership: 63.82% → 66.88% (+3.1%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

Holders
104
Holders Change
+10
Holders Change %
+10.64%
% of All Funds
1.37%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
18
Increased
49
Reduced
19
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$6.77M
2
Invesco
Invesco
Georgia
+$3.96M
3
HIM
Hillsdale Investment Management
Ontario, Canada
+$2.32M
4
American Century Companies
American Century Companies
Missouri
+$1.59M
5
JP Morgan Chase
JP Morgan Chase
New York
+$1.2M

Top Sellers

Rank Fund Capital Flow
1
BFC
Banc Funds Company
Illinois
-$3.19M
2
MI
M3F Inc
Utah
-$2.68M
3
SBH
Segall Bryant & Hamill
Illinois
-$1.66M
4
Franklin Resources
Franklin Resources
California
-$1.46M
5
EI
EAM Investors
California
-$684K
Name Holding Trade Value Shares
Change 		Change in
Stake
Goldman Sachs
26
Goldman Sachs
New York
$2.53M +$472K +10,086 +23%
HIM
27
Hillsdale Investment Management
Ontario, Canada
$2.44M +$2.32M +49,628 +1,647%
JP Morgan Chase
28
JP Morgan Chase
New York
$2.32M +$1.2M +25,550 +104%
EF
29
Empowered Funds
Pennsylvania
$2.08M +$101K +2,156 +5%
RHCA
30
Rosenthal Henry Capital Advisors
Indiana
$2.08M – – –
Morgan Stanley
31
Morgan Stanley
New York
$1.98M +$163K +3,484 +9%
UCI
32
Uncommon Cents Investing
Wisconsin
$1.68M +$3.28K +70 +0.2%
Bank of New York Mellon
33
Bank of New York Mellon
New York
$1.53M +$77.4K +1,653 +5%
FL
34
Fourthstone LLC
Missouri
$1.4M +$1.02M +21,715 +255%
Barclays
35
Barclays
United Kingdom
$1.39M +$97K +2,072 +7%
Ameriprise
36
Ameriprise
Minnesota
$1.25M +$752K +16,048 +147%
GCM
37
Gator Capital Management
Florida
$1.09M -$9.37K -200 -0.8%
N
38
Nuveen
North Carolina
$1.06M – – –
Charles Schwab
39
Charles Schwab
California
$996K – – –
Baird Financial Group
40
Baird Financial Group
Wisconsin
$983K – – –
Two Sigma Investments
41
Two Sigma Investments
New York
$883K +$199K +4,242 +29%
US Bancorp
42
US Bancorp
Minnesota
$830K +$661K +14,125 +372%
Connor, Clark & Lunn Investment Management (CC&L)
43
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$759K +$444K +9,474 +137%
Two Sigma Advisers
44
Two Sigma Advisers
New York
$667K +$206K +4,400 +44%
HSBC Holdings
45
HSBC Holdings
United Kingdom
$655K +$13.7K +293 +2%
Royal Bank of Canada
46
Royal Bank of Canada
Ontario, Canada
$613K +$13.2K +282 +2%
Millennium Management
47
Millennium Management
New York
$603K -$139K -2,960 -19%
MAM
48
Martingale Asset Management
Massachusetts
$595K +$30K +640 +5%
Man Group
49
Man Group
United Kingdom
$579K +$250K +5,348 +75%
Wealth Enhancement Advisory Services
50
Wealth Enhancement Advisory Services
Minnesota
$564K +$3.14K +67 +0.6%
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FBIZ Hedge Fund Activity: Q4 2024 in Review

104 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in First Business Financial Services (FBIZ) for Q4 2024, worth a combined $257M — up 6.5% from $241M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new FBIZ positions and 8 closed out — a net gain of 10 holders — while 49 added to existing stakes and 19 trimmed.

The largest buyer was BlackRock, adding an estimated $6.77M. The largest seller was Banc Funds Company, cutting an estimated $3.19M.

  • 104 institutional investors held First Business Financial Services (FBIZ) as of Q4 2024, up from 94 in Q3 2024.
  • Funds reported $257M of First Business Financial Services stock for Q4 2024, up 6.5% quarter-over-quarter.
  • 18 funds opened new First Business Financial Services positions in Q4 2024 and 8 closed out, a net change of +10 holders.
  • The largest First Business Financial Services buyer in Q4 2024 was BlackRock, an estimated $6.77M added.
  • The largest First Business Financial Services seller in Q4 2024 was Banc Funds Company, an estimated $3.19M sold.

Based on aggregated 13F filings for Q4 2024.