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First Business Financial Services
FBIZ

89 hedge funds and large institutions have $177M invested in First Business Financial Services in 2022 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 29 increasing their positions, 28 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

80% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 5

3% more funds holding

Funds holding: 86 → 89 (+3)

4% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 28

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

2% less capital invested

Capital invested by funds: $180M → $177M (-$3.34M)

2.03% less ownership

Funds ownership: 65.72% → 63.69% (-2%)

Holders
89
Holders Change
+3
Holders Change %
+3.49%
% of All Funds
1.43%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
9
Increased
29
Reduced
28
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
BlackRock
BlackRock
New York
+$2.18M
2
Millennium Management
Millennium Management
New York
+$1.27M
3
Federated Hermes
Federated Hermes
Pennsylvania
+$547K
4
State Street
State Street
Massachusetts
+$406K
5
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$388K

Top Sellers

1
BFC
Banc Funds Company
Illinois
-$4.22M
2
PRCP
Pacific Ridge Capital Partners
Oregon
-$2.26M
3
Invesco
Invesco
Georgia
-$1.15M
4
AllianceBernstein
AllianceBernstein
Tennessee
-$1.11M
5
MI
M3F Inc
Utah
-$991K
Name Holding Trade Value Shares
Change 		Change in
Stake
B
51
Bailard
California
$371K +$373K +10,143 New
Baird Financial Group
52
Baird Financial Group
Wisconsin
$356K – – –
JP Morgan Chase
53
JP Morgan Chase
New York
$348K +$80.7K +2,193 +30%
KAS
54
Kestra Advisory Services
Texas
$336K – – –
QC
55
Quadrature Capital
United Kingdom
$329K +$330K +8,973 New
MWM
56
Mattern Wealth Management
Kansas
$292K – – –
MAM
57
Martingale Asset Management
Massachusetts
$275K +$25.9K +703 +10%
RP
58
Riverwater Partners
Wisconsin
$273K – – –
1IA
59
1834 Investment Advisors
Wisconsin
$228K +$1.14K +31 +0.5%
D.E. Shaw & Co
60
D.E. Shaw & Co
New York
$226K -$78.3K -2,130 -26%
TIM
61
Thompson Investment Management
Wisconsin
$220K +$221K +6,020 New
LCM
62
Legato Capital Management
California
$216K +$218K +5,919 New
New York State Common Retirement Fund
63
New York State Common Retirement Fund
New York
$207K -$257 -7 -0.1%
MIM
64
MetLife Investment Management
New Jersey
$156K – – –
US Bancorp
65
US Bancorp
Minnesota
$139K – – –
AIG
66
American International Group
New York
$139K -$515 -14 -0.4%
Deutsche Bank
67
Deutsche Bank
Germany
$121K +$2.06K +56 +2%
UBS Group
68
UBS Group
Switzerland
$120K +$121K +3,289 New
California State Teachers Retirement System (CalSTRS)
69
California State Teachers Retirement System (CalSTRS)
California
$117K +$1.32K +36 +1%
Allspring Global Investments
70
Allspring Global Investments
North Carolina
$101K -$2.24K -61 -2%
HIM
71
Hillsdale Investment Management
Ontario, Canada
$95K +$11K +300 +13%
TRCT
72
Tower Research Capital (TRC)
New York
$86K +$64.1K +1,743 +285%
Lazard Asset Management
73
Lazard Asset Management
New York
$51K – – –
BNP Paribas Financial Markets
74
BNP Paribas Financial Markets
France
$48.2K -$114K -3,089 -70%
AB
75
Amalgamated Bank
New York
$37K – – –
1 2
3
4

FBIZ Hedge Fund Activity: Q4 2022 in Review

89 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in First Business Financial Services (FBIZ) for Q4 2022, worth a combined $177M — down 1.9% from $180M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new FBIZ positions and 5 closed out — a net gain of 4 holders — while 29 added to existing stakes and 28 trimmed.

The largest buyer was BlackRock, adding an estimated $2.18M. The largest seller was Banc Funds Company, cutting an estimated $4.22M.

  • 89 institutional investors held First Business Financial Services (FBIZ) as of Q4 2022, up from 86 in Q3 2022.
  • Funds reported $177M of First Business Financial Services stock for Q4 2022, down 1.9% quarter-over-quarter.
  • 9 funds opened new First Business Financial Services positions in Q4 2022 and 5 closed out, a net change of +4 holders.
  • The largest First Business Financial Services buyer in Q4 2022 was BlackRock, an estimated $2.18M added.
  • The largest First Business Financial Services seller in Q4 2022 was Banc Funds Company, an estimated $4.22M sold.

Based on aggregated 13F filings for Q4 2022.