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First Business Financial Services
FBIZ

61 hedge funds and large institutions have $121M invested in First Business Financial Services in 2017 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 30 increasing their positions, 15 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 15

0.62% more ownership

Funds ownership: 59.44% → 60.06% (+0.62%)

5% less funds holding

Funds holding: 64 → 61 (-3)

10% less capital invested

Capital invested by funds: $135M → $121M (-$13.7M)

60% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 5

Holders
61
Holders Change
-3
Holders Change %
-4.69%
% of All Funds
1.52%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
30
Reduced
15
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Vanguard Group
Vanguard Group
Pennsylvania
+$3.13M
2
MCM
Maltese Capital Management
New York
+$2.15M
3
Northern Trust
Northern Trust
Illinois
+$2.06M
4
BFC
Banc Funds Company
Illinois
+$557K
5
State Street
State Street
Massachusetts
+$440K

Top Sellers

1
PAIM
Punch & Associates Investment Management
Minnesota
-$5.44M
2
EMFAT
Emerald Mutual Fund Advisers Trust
Pennsylvania
-$1.7M
3
Wells Fargo
Wells Fargo
California
-$1.49M
4
RHCA
Rosenthal Henry Capital Advisors
Indiana
-$367K
5
Wellington Management Group
Wellington Management Group
Massachusetts
-$355K
Name Holding Trade Value Shares
Change 		Change in
Stake
BGIM
51
Brandywine Global Investment Management
Pennsylvania
$70K -$1.69K -69 -2%
Legal & General Group
52
Legal & General Group
United Kingdom
$56K – – –
US Bancorp
53
US Bancorp
Minnesota
$46K – – –
BNP Paribas Financial Markets
54
BNP Paribas Financial Markets
France
$21.3K +$21K +859 +1,363%
AIP
55
Ameritas Investment Partners
Nebraska
$16K – – –
Bank of America
56
Bank of America
North Carolina
$10K -$35.8K -1,463 -76%
MAM
57
Meeder Asset Management
Ohio
$9K +$5.92K +242 +153%
Royal Bank of Canada
58
Royal Bank of Canada
Ontario, Canada
$5K -$4.01K -164 -40%
AP
59
Atwood & Palmer
Missouri
$5K – – –
HR
60
Howe & Rusling
New York
$5K – – –
PAIM
61
Punch & Associates Investment Management
Minnesota
– -$5.44M -209,432 Closed
Two Sigma Investments
62
Two Sigma Investments
New York
– -$300K -11,574 Closed
EGA
63
Eagle Global Advisors
Texas
– -$241K -9,291 Closed
AIM
64
Acrospire Investment Management
Illinois
– -$55K -2,127 Closed
AIM
65
Arcadia Investment Management
Michigan
– -$49K -1,900 Closed
Barclays
66
Barclays
United Kingdom
– -$906 -37 -84%
1 2
3

FBIZ Hedge Fund Activity: Q2 2017 in Review

61 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in First Business Financial Services (FBIZ) for Q2 2017, worth a combined $121M — down 10% from $135M a quarter earlier.

Sellers outnumbered buyers: 5 funds closed out of FBIZ and 2 opened new positions — a net loss of 3 holders — while 15 trimmed existing stakes and 30 added.

The largest buyer was Vanguard Group, adding an estimated $3.13M. The largest seller was Punch & Associates Investment Management, exiting entirely with an estimated $5.44M sold.

  • 61 institutional investors held First Business Financial Services (FBIZ) as of Q2 2017, down from 64 in Q1 2017.
  • Funds reported $121M of First Business Financial Services stock for Q2 2017, down 10% quarter-over-quarter.
  • 2 funds opened new First Business Financial Services positions in Q2 2017 and 5 closed out, a net change of -3 holders.
  • The largest First Business Financial Services buyer in Q2 2017 was Vanguard Group, an estimated $3.13M added.
  • The largest First Business Financial Services seller in Q2 2017 was Punch & Associates Investment Management, an estimated $5.44M sold.

Based on aggregated 13F filings for Q2 2017.