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First Business Financial Services

136 hedge funds and large institutions have $292M invested in First Business Financial Services in 2025 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 48 increasing their positions, 35 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

238% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 8

37% more repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 35

16% more funds holding

Funds holding: 117136 (+19)

2% more capital invested

Capital invested by funds: $285M → $292M (+$6.95M)

0.82% more ownership

Funds ownership: 67.66%68.48% (+0.82%)

0% more funds holding in top 10

Funds holding in top 10: 22 (0)

Holders
136
Holders Change
+19
Holders Change %
+16.24%
% of All Funds
1.78%
Holding in Top 10
2
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.03%
New
27
Increased
48
Reduced
35
Closed
8
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Connor, Clark & Lunn Investment Management (CC&L)
51
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$636K -$45K -880 -7%
GCP
52
GSA Capital Partners
United Kingdom
$622K +$620K +12,127 New
FL
53
Fourthstone LLC
Missouri
$622K +$621K +12,131 New
Lazard Asset Management
54
Lazard Asset Management
New York
$598K -$38.2K -746 -6%
RhumbLine Advisers
55
RhumbLine Advisers
Massachusetts
$587K -$11.6K -226 -2%
Osaic Holdings
56
Osaic Holdings
Arizona
$540K
CP
57
CenterBook Partners
Connecticut
$533K +$532K +10,390 New
HSBC Holdings
58
HSBC Holdings
United Kingdom
$506K -$188K -3,683 -27%
ZIM
59
Zacks Investment Management
Illinois
$499K
UBS Group
60
UBS Group
Switzerland
$496K +$195K +3,809 +65%
Invesco
61
Invesco
Georgia
$480K -$2.5M -48,802 -84%
KAS
62
Kestra Advisory Services
Texas
$472K
AA
63
ALPS Advisors
Colorado
$451K +$450K +8,800 New
MWM
64
Mattern Wealth Management
Kansas
$410K
Principal Financial Group
65
Principal Financial Group
Iowa
$409K +$409K +7,985 New
Prudential Financial
66
Prudential Financial
New Jersey
$399K +$2.05K +40 +0.5%
Jacobs Levy Equity Management
67
Jacobs Levy Equity Management
New Jersey
$392K -$25K -489 -6%
Deutsche Bank
68
Deutsche Bank
Germany
$366K +$87.1K +1,703 +31%
IC
69
IEQ Capital
California
$365K +$365K +7,125 New
MAM
70
Martingale Asset Management
Massachusetts
$359K -$20K -390 -5%
1IA
71
1834 Investment Advisors
Wisconsin
$343K +$1.94K +38 +0.6%
EGM
72
Engineers Gate Manager
New York
$335K -$68.9K -1,347 -17%
Wells Fargo
73
Wells Fargo
California
$314K +$50.2K +981 +19%
Russell Investments Group
74
Russell Investments Group
United Kingdom
$312K +$37.2K +727 +14%
TIM
75
Thompson Investment Management
Wisconsin
$309K

FBIZ Hedge Fund Activity: Q3 2025 in Review

136 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in First Business Financial Services (FBIZ) for Q3 2025, worth a combined $292M — up 2.4% from $285M a quarter earlier.

Buyers outnumbered sellers: 27 funds opened new FBIZ positions and 8 closed out — a net gain of 19 holders — while 48 added to existing stakes and 35 trimmed.

The largest buyer was AQR Capital Management, adding an estimated $3.02M. The largest seller was Banc Funds Company, cutting an estimated $3.63M.

  • 136 institutional investors held First Business Financial Services (FBIZ) as of Q3 2025, up from 117 in Q2 2025.
  • Funds reported $292M of First Business Financial Services stock for Q3 2025, up 2.4% quarter-over-quarter.
  • 27 funds opened new First Business Financial Services positions in Q3 2025 and 8 closed out, a net change of +19 holders.
  • The largest First Business Financial Services buyer in Q3 2025 was AQR Capital Management, an estimated $3.02M added.
  • The largest First Business Financial Services seller in Q3 2025 was Banc Funds Company, an estimated $3.63M sold.

Based on aggregated 13F filings for Q3 2025.