First Business Financial Services
FBIZ
52 hedge funds and large institutions have $74.1M invested in First Business Financial Services in 2014 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 17 increasing their positions, 11 reducing their positions, and 3 closing their positions.
367% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 3
55% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 11
21% more funds holding
Funds holding: 43 → 52 (+9)
14% more capital invested
Capital invested by funds: $65.1M → $74.1M (+$9.03M)
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$708K |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$605K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$595K |
| 4 |
Renaissance Technologies
New York
|
+$573K |
| 5 |
CIC
Cornercap Investment Counsel
Atlanta,
Georgia
|
+$468K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Maltese Capital Management
New York
|
-$1.29M |
| 2 |
EA
Emerald Advisers
Leola,
Pennsylvania
|
-$1.12M |
| 3 |
EMFAT
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
|
-$877K |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$743K |
| 5 |
CAM
Cubic Asset Management
Boston,
Massachusetts
|
-$675K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CAM
51
Cubic Asset Management
Boston,
Massachusetts
| – | -$675K | -35,900 | Closed |
|
|
PFBT
52
Parkside Financial Bank & Trust
Saint Louis,
Missouri
| – | -$226K | -12,000 | Closed |
|
53
Bank of America
Charlotte,
North Carolina
| – | -$4K | -174 | Closed |
|
54
BlackRock
New York
| – | +$337 | +16 | New |
|
FBIZ Hedge Fund Activity: Q1 2014 in Review
52 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in First Business Financial Services (FBIZ) for Q1 2014, worth a combined $74.1M — up 14% from $65.1M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new FBIZ positions and 3 closed out — a net gain of 11 holders — while 17 added to existing stakes and 11 trimmed.
The largest buyer was Eaton Vance Management, opening a new position worth an estimated $708K. The largest seller was Maltese Capital Management, cutting an estimated $1.29M.
- 52 institutional investors held First Business Financial Services (FBIZ) as of Q1 2014, up from 43 in Q4 2013.
- Funds reported $74.1M of First Business Financial Services stock for Q1 2014, up 14% quarter-over-quarter.
- 14 funds opened new First Business Financial Services positions in Q1 2014 and 3 closed out, a net change of +11 holders.
- The largest First Business Financial Services buyer in Q1 2014 was Eaton Vance Management, an estimated $708K added.
- The largest First Business Financial Services seller in Q1 2014 was Maltese Capital Management, an estimated $1.29M sold.
Based on aggregated 13F filings for Q1 2014.