First Business Financial Services
FBIZ
75 hedge funds and large institutions have $128M invested in First Business Financial Services in 2018 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 34 increasing their positions, 18 reducing their positions, and 5 closing their positions.
89% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 18
0.46% more ownership
Funds ownership: 62.68% → 63.15% (+0.46%)
5% less funds holding
Funds holding: 79 → 75 (-4)
10% less capital invested
Capital invested by funds: $143M → $128M (-$14.5M)
80% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Maltese Capital Management
New York
|
+$1.88M |
| 2 |
MI
M3F Inc
Salt Lake City,
Utah
|
+$1.18M |
| 3 |
Millennium Management
New York
|
+$662K |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$535K |
| 5 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$306K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFC
Banc Funds Company
Chicago,
Illinois
|
-$2.52M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$942K |
| 3 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
-$676K |
| 4 |
ZIM
Zacks Investment Management
Chicago,
Illinois
|
-$315K |
| 5 |
RhumbLine Advisers
Boston,
Massachusetts
|
-$209K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ZIM
76
Zacks Investment Management
Chicago,
Illinois
| – | -$315K | -12,104 | Closed |
|
|
77
RhumbLine Advisers
Boston,
Massachusetts
| – | -$209K | -8,023 | Closed |
|
78
Ameriprise
Minneapolis,
Minnesota
| – | -$203K | -7,805 | Closed |
|
79
SEI Investments
Oaks,
Pennsylvania
| – | -$16K | -622 | Closed |
|
|
PIA
80
Piedmont Investment Advisors
Durham,
North Carolina
| – | -$4K | -144 | Closed |
|
FBIZ Hedge Fund Activity: Q3 2018 in Review
75 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in First Business Financial Services (FBIZ) for Q3 2018, worth a combined $128M — down 10% from $143M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of FBIZ and 1 opened new positions — a net loss of 4 holders — while 18 trimmed existing stakes and 34 added.
The largest buyer was Maltese Capital Management, opening a new position worth an estimated $1.88M. The largest seller was Banc Funds Company, cutting an estimated $2.52M.
- 75 institutional investors held First Business Financial Services (FBIZ) as of Q3 2018, down from 79 in Q2 2018.
- Funds reported $128M of First Business Financial Services stock for Q3 2018, down 10% quarter-over-quarter.
- 1 fund opened new First Business Financial Services positions in Q3 2018 and 5 closed out, a net change of -4 holders.
- The largest First Business Financial Services buyer in Q3 2018 was Maltese Capital Management, an estimated $1.88M added.
- The largest First Business Financial Services seller in Q3 2018 was Banc Funds Company, an estimated $2.52M sold.
Based on aggregated 13F filings for Q3 2018.