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First Business Financial Services
FBIZ

70 hedge funds and large institutions have $117M invested in First Business Financial Services in 2016 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 28 increasing their positions, 20 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 20

1% less capital invested

Capital invested by funds: $118M → $117M (-$1.64M)

9% less funds holding

Funds holding: 77 → 70 (-7)

78% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 9

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
70
Holders Change
-7
Holders Change %
-9.09%
% of All Funds
1.87%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
2
Increased
28
Reduced
20
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
BFC
Banc Funds Company
Illinois
+$578K
2
BCM
Bridgeway Capital Management
Texas
+$576K
3
KCM
Kennedy Capital Management
Missouri
+$555K
4
BFA
BlackRock Fund Advisors
California
+$408K
5
MAM
Martingale Asset Management
Massachusetts
+$280K

Top Sellers

1
EPCA
Elizabeth Park Capital Advisors
Ohio
-$1.26M
2
EI
EAM Investors
California
-$1.22M
3
Stifel Financial
Stifel Financial
Missouri
-$560K
4
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$264K
5
Two Sigma Advisers
Two Sigma Advisers
New York
-$249K
Name Holding Trade Value Shares
Change 		Change in
Stake
ST
51
Smithfield Trust
Pennsylvania
$176K – – –
Bessemer Group
52
Bessemer Group
New Jersey
$134K +$132K +5,700 New
SO
53
STRS Ohio
Ohio
$117K +$16.2K +700 +16%
AIM
54
Acrospire Investment Management
Illinois
$111K -$15.5K -671 -12%
AIG
55
American International Group
New York
$109K +$162 +7 +0.2%
BA
56
BlackRock Advisors
Delaware
$80K +$11.9K +514 +18%
BGIM
57
Brandywine Global Investment Management
Pennsylvania
$73K – – –
Morgan Stanley
58
Morgan Stanley
New York
$65K -$132K -5,719 -67%
US Bancorp
59
US Bancorp
Minnesota
$62K – – –
Citigroup
60
Citigroup
New York
$61K +$27.3K +1,179 +84%
BlackRock
61
BlackRock
New York
$34K – – –
Legal & General Group
62
Legal & General Group
United Kingdom
$30K – – –
UBS Group
63
UBS Group
Switzerland
$25K -$12.9K -558 -34%
Bank of America
64
Bank of America
North Carolina
$19K -$463 -20 -2%
BNP Paribas Financial Markets
65
BNP Paribas Financial Markets
France
$13.9K +$6.55K +283 +92%
Royal Bank of Canada
66
Royal Bank of Canada
Ontario, Canada
$5K – – –
HR
67
Howe & Rusling
New York
$3K – – –
Barclays
68
Barclays
United Kingdom
$2K +$1.55K +67 +197%
GC
69
Globeflex Capital
California
$1K – – –
TCIM
70
TIAA CREF Investment Management
New York
$788 -$42.8K -1,851 -5%
EI
71
EAM Investors
California
– -$1.22M -51,948 Closed
Stifel Financial
72
Stifel Financial
Missouri
– -$560K -23,878 Closed
Balyasny Asset Management
73
Balyasny Asset Management
Illinois
– -$264K -11,266 Closed
Two Sigma Advisers
74
Two Sigma Advisers
New York
– -$249K -10,600 Closed
MLICM
75
Metropolitan Life Insurance Company (MetLife)
New York
– -$147K -6,261 Closed
1 2
3
4

FBIZ Hedge Fund Activity: Q3 2016 in Review

70 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in First Business Financial Services (FBIZ) for Q3 2016, worth a combined $117M — down 1.4% from $118M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of FBIZ and 2 opened new positions — a net loss of 7 holders — while 20 trimmed existing stakes and 28 added.

The largest buyer was Banc Funds Company, adding an estimated $578K. The largest seller was Elizabeth Park Capital Advisors, cutting an estimated $1.26M.

  • 70 institutional investors held First Business Financial Services (FBIZ) as of Q3 2016, down from 77 in Q2 2016.
  • Funds reported $117M of First Business Financial Services stock for Q3 2016, down 1.4% quarter-over-quarter.
  • 2 funds opened new First Business Financial Services positions in Q3 2016 and 9 closed out, a net change of -7 holders.
  • The largest First Business Financial Services buyer in Q3 2016 was Banc Funds Company, an estimated $578K added.
  • The largest First Business Financial Services seller in Q3 2016 was Elizabeth Park Capital Advisors, an estimated $1.26M sold.

Based on aggregated 13F filings for Q3 2016.