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First Business Financial Services
FBIZ

76 hedge funds and large institutions have $144M invested in First Business Financial Services in 2021 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 24 increasing their positions, 21 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 21

3% more capital invested

Capital invested by funds: $140M → $144M (+$4.03M)

1.52% less ownership

Funds ownership: 60.35% → 58.83% (-1.5%)

3% less funds holding

Funds holding: 78 → 76 (-2)

18% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 11

Holders
76
Holders Change
-2
Holders Change %
-2.56%
% of All Funds
1.33%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
9
Increased
24
Reduced
21
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FL
Fourthstone LLC
Missouri
+$1.03M
2
Goldman Sachs
Goldman Sachs
New York
+$664K
3
BlackRock
BlackRock
New York
+$657K
4
AllianceBernstein
AllianceBernstein
Tennessee
+$611K
5
CCM
Cutler Capital Management
Massachusetts
+$553K

Top Sellers

Rank Fund Capital Flow
1
BFC
Banc Funds Company
Illinois
-$5.31M
2
Millennium Management
Millennium Management
New York
-$1.62M
3
Vanguard Group
Vanguard Group
Pennsylvania
-$891K
4
PPA
Parametric Portfolio Associates
Washington
-$775K
5
Renaissance Technologies
Renaissance Technologies
New York
-$632K
Name Holding Trade Value Shares
Change 		Change in
Stake
Ameriprise
51
Ameriprise
Minnesota
$276K -$111K -4,000 -29%
Connor, Clark & Lunn Investment Management (CC&L)
52
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$270K -$36.2K -1,309 -12%
B
53
Bailard
California
$270K +$260K +9,400 New
Baird Financial Group
54
Baird Financial Group
Wisconsin
$265K – – –
KAS
55
Kestra Advisory Services
Texas
$264K +$254K +9,200 New
TI
56
Trexquant Investment
Connecticut
$234K +$225K +8,157 New
Jacobs Levy Equity Management
57
Jacobs Levy Equity Management
New Jersey
$231K -$22.8K -825 -9%
MWM
58
Mattern Wealth Management
Kansas
$230K – – –
Royal Bank of Canada
59
Royal Bank of Canada
Ontario, Canada
$212K -$35.9K -1,300 -15%
1IA
60
1834 Investment Advisors
Wisconsin
$174K +$1.05K +38 +0.6%
HI
61
Harbour Investments
Wisconsin
$66K – – –
Wells Fargo
62
Wells Fargo
California
$58K +$27.5K +997 +95%
KIG
63
Kowal Investment Group
Wisconsin
$58K +$55.6K +2,014 New
US Bancorp
64
US Bancorp
Minnesota
$57K – – –
HIM
65
Hillsdale Investment Management
Ontario, Canada
$57K +$11.1K +400 +25%
JFGIW
66
Johnson Financial Group Inc (Wisconsin)
Wisconsin
$56K – – –
Russell Investments Group
67
Russell Investments Group
United Kingdom
$54K – – –
Ohio Public Employees Retirement System (OPERS)
68
Ohio Public Employees Retirement System (OPERS)
Ohio
$26K – – –
UBS Group
69
UBS Group
Switzerland
$19K +$18.3K +664 New
Optiver Holding
70
Optiver Holding
Netherlands
$16K – – –
AP
71
Atwood & Palmer
Missouri
$6K – – –
Osaic Holdings
72
Osaic Holdings
Arizona
$4K – – –
BNP Paribas Financial Markets
73
BNP Paribas Financial Markets
France
$3.99K -$8.59K -311 -69%
TRCT
74
Tower Research Capital (TRC)
New York
$1K -$73.2K -2,649 -99%
CAPTRUST Financial Advisors
75
CAPTRUST Financial Advisors
North Carolina
$1K – – –
1 2
3
4

FBIZ Hedge Fund Activity: Q3 2021 in Review

76 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in First Business Financial Services (FBIZ) for Q3 2021, worth a combined $144M — up 2.9% from $140M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of FBIZ and 9 opened new positions — a net loss of 2 holders — while 21 trimmed existing stakes and 24 added.

The largest buyer was Fourthstone LLC, adding an estimated $1.03M. The largest seller was Banc Funds Company, cutting an estimated $5.31M.

  • 76 institutional investors held First Business Financial Services (FBIZ) as of Q3 2021, down from 78 in Q2 2021.
  • Funds reported $144M of First Business Financial Services stock for Q3 2021, up 2.9% quarter-over-quarter.
  • 9 funds opened new First Business Financial Services positions in Q3 2021 and 11 closed out, a net change of -2 holders.
  • The largest First Business Financial Services buyer in Q3 2021 was Fourthstone LLC, an estimated $1.03M added.
  • The largest First Business Financial Services seller in Q3 2021 was Banc Funds Company, an estimated $5.31M sold.

Based on aggregated 13F filings for Q3 2021.