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First Business Financial Services
FBIZ

139 hedge funds and large institutions have $311M invested in First Business Financial Services in 2025 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 52 increasing their positions, 47 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 12

11% more repeat investments, than reductions

Existing positions increased: 52 | Existing positions reduced: 47

6% more capital invested

Capital invested by funds: $292M → $311M (+$18.4M)

2% more funds holding

Funds holding: 136 → 139 (+3)

0.23% more ownership

Funds ownership: 68.48% → 68.71% (+0.23%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

Holders
139
Holders Change
+3
Holders Change %
+2.21%
% of All Funds
1.69%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
18
Increased
52
Reduced
47
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Federated Hermes
Federated Hermes
Pennsylvania
+$1.72M
2
AQR Capital Management
AQR Capital Management
Connecticut
+$1.17M
3
American Century Companies
American Century Companies
Missouri
+$981K
4
GCP
GSA Capital Partners
United Kingdom
+$946K
5
TI
Trexquant Investment
Connecticut
+$646K

Top Sellers

1
EF
Empowered Funds
Pennsylvania
-$1.88M
2
BFC
Banc Funds Company
Illinois
-$1.43M
3
Two Sigma Investments
Two Sigma Investments
New York
-$1.39M
4
Two Sigma Advisers
Two Sigma Advisers
New York
-$774K
5
Renaissance Technologies
Renaissance Technologies
New York
-$696K
Name Holding Trade Value Shares
Change 		Change in
Stake
Acadian Asset Management
26
Acadian Asset Management
Massachusetts
$2.56M +$66.1K +1,264 +3%
RHCA
27
Rosenthal Henry Capital Advisors
Indiana
$2.44M – – –
Ameriprise
28
Ameriprise
Minnesota
$2.17M -$500K -9,565 -19%
Qube Research & Technologies (QRT)
29
Qube Research & Technologies (QRT)
United Kingdom
$2.02M +$139K +2,666 +8%
UCI
30
Uncommon Cents Investing
Wisconsin
$1.89M +$13.9K +265 +0.8%
Millennium Management
31
Millennium Management
New York
$1.86M -$313K -5,980 -15%
Bank of New York Mellon
32
Bank of New York Mellon
New York
$1.7M -$154K -2,952 -9%
Royal Bank of Canada
33
Royal Bank of Canada
Ontario, Canada
$1.7M +$230K +4,392 +16%
DSC
34
Daytona Street Capital
Missouri
$1.67M +$1.61M +30,790 New
GCP
35
GSA Capital Partners
United Kingdom
$1.64M +$946K +18,083 +149%
First Trust Advisors
36
First Trust Advisors
Illinois
$1.61M -$34.6K -661 -2%
Barclays
37
Barclays
United Kingdom
$1.55M +$87.1K +1,665 +6%
KCM
38
Kennedy Capital Management
Missouri
$1.37M +$301K +5,752 +29%
Charles Schwab
39
Charles Schwab
California
$1.34M +$131K +2,510 +11%
GCM
40
Gator Capital Management
Florida
$1.3M +$8.63K +165 +0.7%
Stifel Financial
41
Stifel Financial
Missouri
$1.25M +$14.2K +272 +1%
Baird Financial Group
42
Baird Financial Group
Wisconsin
$1.15M – – –
Two Sigma Investments
43
Two Sigma Investments
New York
$1.07M -$1.39M -26,516 -57%
N
44
Nuveen
North Carolina
$1.03M – – –
UBS Group
45
UBS Group
Switzerland
$997K +$454K +8,686 +90%
Franklin Resources
46
Franklin Resources
California
$983K -$215K -4,116 -19%
US Bancorp
47
US Bancorp
Minnesota
$971K – – –
Bank of America
48
Bank of America
North Carolina
$958K +$227K +4,332 +33%
Wealth Enhancement Advisory Services
49
Wealth Enhancement Advisory Services
Minnesota
$798K +$15.6K +298 +2%
JP Morgan Chase
50
JP Morgan Chase
New York
$792K -$83.9K -1,605 -10%
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FBIZ Hedge Fund Activity: Q4 2025 in Review

139 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in First Business Financial Services (FBIZ) for Q4 2025, worth a combined $311M — up 6.3% from $292M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new FBIZ positions and 12 closed out — a net gain of 6 holders — while 52 added to existing stakes and 47 trimmed.

The largest buyer was Federated Hermes, adding an estimated $1.72M. The largest seller was Empowered Funds, exiting entirely with an estimated $1.88M sold.

  • 139 institutional investors held First Business Financial Services (FBIZ) as of Q4 2025, up from 136 in Q3 2025.
  • Funds reported $311M of First Business Financial Services stock for Q4 2025, up 6.3% quarter-over-quarter.
  • 18 funds opened new First Business Financial Services positions in Q4 2025 and 12 closed out, a net change of +6 holders.
  • The largest First Business Financial Services buyer in Q4 2025 was Federated Hermes, an estimated $1.72M added.
  • The largest First Business Financial Services seller in Q4 2025 was Empowered Funds, an estimated $1.88M sold.

Based on aggregated 13F filings for Q4 2025.