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First Business Financial Services
FBIZ

116 hedge funds and large institutions have $264M invested in First Business Financial Services in 2025 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 39 increasing their positions, 41 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 8

12% more funds holding

Funds holding: 104 → 116 (+12)

3% more capital invested

Capital invested by funds: $257M → $264M (+$7.05M)

0.58% more ownership

Funds ownership: 66.88% → 67.46% (+0.58%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

5% less repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 41

Holders
116
Holders Change
+12
Holders Change %
+11.54%
% of All Funds
1.56%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
20
Increased
39
Reduced
41
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$6.71M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$2.43M
3
American Century Companies
American Century Companies
Missouri
+$1.69M
4
HIM
Hillsdale Investment Management
Ontario, Canada
+$1.36M
5
FBFS
First Business Financial Services
Wisconsin
+$875K

Top Sellers

Rank Fund Capital Flow
1
Hotchkis & Wiley Capital Management
Hotchkis & Wiley Capital Management
California
-$2.93M
2
BFC
Banc Funds Company
Illinois
-$2.92M
3
FL
Fourthstone LLC
Missouri
-$1.4M
4
JP Morgan Chase
JP Morgan Chase
New York
-$1.38M
5
Invesco
Invesco
Georgia
-$1.33M
Name Holding Trade Value Shares
Change 		Change in
Stake
RHCA
26
Rosenthal Henry Capital Advisors
Indiana
$2.12M – – –
EF
27
Empowered Funds
Pennsylvania
$1.96M -$170K -3,450 -8%
Franklin Resources
28
Franklin Resources
California
$1.94M -$820K -16,607 -29%
Morgan Stanley
29
Morgan Stanley
New York
$1.86M -$164K -3,322 -8%
UCI
30
Uncommon Cents Investing
Wisconsin
$1.64M -$66K -1,337 -4%
Bank of New York Mellon
31
Bank of New York Mellon
New York
$1.53M -$33.8K -685 -2%
Barclays
32
Barclays
United Kingdom
$1.21M -$218K -4,410 -15%
Ameriprise
33
Ameriprise
Minnesota
$1.14M -$138K -2,801 -10%
GCM
34
Gator Capital Management
Florida
$1.12M – – –
Two Sigma Investments
35
Two Sigma Investments
New York
$1.1M +$214K +4,329 +23%
N
36
Nuveen
North Carolina
$1.08M – – –
Charles Schwab
37
Charles Schwab
California
$1.05M +$31.7K +642 +3%
JP Morgan Chase
38
JP Morgan Chase
New York
$1.04M -$1.38M -27,922 -56%
Baird Financial Group
39
Baird Financial Group
Wisconsin
$1M – – –
Millennium Management
40
Millennium Management
New York
$909K +$309K +6,263 +48%
US Bancorp
41
US Bancorp
Minnesota
$843K -$2.02K -41 -0.2%
EI
42
EAM Investors
California
$831K +$870K +17,624 New
Connor, Clark & Lunn Investment Management (CC&L)
43
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$782K +$8.79K +178 +1%
Two Sigma Advisers
44
Two Sigma Advisers
New York
$721K +$44.4K +900 +6%
HSBC Holdings
45
HSBC Holdings
United Kingdom
$689K +$27.4K +556 +4%
Royal Bank of Canada
46
Royal Bank of Canada
Ontario, Canada
$645K +$21.3K +431 +3%
Wealth Enhancement Advisory Services
47
Wealth Enhancement Advisory Services
Minnesota
$624K +$51.7K +1,047 +9%
Lazard Asset Management
48
Lazard Asset Management
New York
$619K +$313K +6,351 +94%
Qube Research & Technologies (QRT)
49
Qube Research & Technologies (QRT)
United Kingdom
$611K +$208K +4,214 +48%
Creative Planning
50
Creative Planning
Kansas
$571K +$255K +5,160 +74%
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FBIZ Hedge Fund Activity: Q1 2025 in Review

116 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in First Business Financial Services (FBIZ) for Q1 2025, worth a combined $264M — up 2.7% from $257M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new FBIZ positions and 8 closed out — a net gain of 12 holders — while 39 added to existing stakes and 41 trimmed.

The largest buyer was BlackRock, adding an estimated $6.71M. The largest seller was Hotchkis & Wiley Capital Management, exiting entirely with an estimated $2.93M sold.

  • 116 institutional investors held First Business Financial Services (FBIZ) as of Q1 2025, up from 104 in Q4 2024.
  • Funds reported $264M of First Business Financial Services stock for Q1 2025, up 2.7% quarter-over-quarter.
  • 20 funds opened new First Business Financial Services positions in Q1 2025 and 8 closed out, a net change of +12 holders.
  • The largest First Business Financial Services buyer in Q1 2025 was BlackRock, an estimated $6.71M added.
  • The largest First Business Financial Services seller in Q1 2025 was Hotchkis & Wiley Capital Management, an estimated $2.93M sold.

Based on aggregated 13F filings for Q1 2025.