First Business Financial Services
FBIZ
80 hedge funds and large institutions have $156M invested in First Business Financial Services in 2023 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 26 increasing their positions, 33 reducing their positions, and 8 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
0.13% less ownership
Funds ownership: 63.91% → 63.78% (-0.13%)
4% less capital invested
Capital invested by funds: $163M → $156M (-$6.83M)
6% less funds holding
Funds holding: 85 → 80 (-5)
21% less repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 33
63% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 8
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $472K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EF
Empowered Funds
Havertown,
Pennsylvania
|
+$905K |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$513K |
| 3 |
BlackRock
New York
|
+$470K |
| 4 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$351K |
| 5 |
FBFS
First Business Financial Services
Madison,
Wisconsin
|
+$238K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$799K |
| 2 |
MI
M3F Inc
Salt Lake City,
Utah
|
-$753K |
| 3 |
Two Sigma Investments
New York
|
-$528K |
| 4 |
Renaissance Technologies
New York
|
-$454K |
| 5 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
-$447K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TRCT
76
Tower Research Capital (TRC)
New York
| $8.11K | -$2.98K | -105 | -28% |
|
|
ACM
77
Aquatic Capital Management
Chicago,
Illinois
| $6K | -$5.67K | -200 | -50% |
|
|
AP
78
Atwood & Palmer
Kansas City,
Missouri
| $5.9K | – | – | – |
|
79
Osaic Holdings
Scottsdale,
Arizona
| $4.37K | +$57 | +2 | +1% |
|
|
C
80
Covestor
London,
United Kingdom
| $2K | -$1.05K | -37 | -39% |
|
|
81
Millennium Management
New York
| – | -$799K | -26,190 | Closed |
|
|
82
Two Sigma Investments
New York
| – | -$528K | -17,308 | Closed |
|
|
83
Jacobs Levy Equity Management
Florham Park,
New Jersey
| – | -$447K | -14,667 | Closed |
|
|
QC
84
Quadrature Capital
London,
United Kingdom
| – | -$421K | -13,696 | Closed |
|
|
B
85
Bailard
Foster City,
California
| – | -$407K | -13,347 | Closed |
|
|
PAM
86
Panagora Asset Management
Boston,
Massachusetts
| – | -$272K | -8,903 | Closed |
|
87
SG Americas Securities
New York
| – | -$102K | -3,356 | Closed |
|
|
DWA
88
Dorsey Wright & Associates
Pasadena,
California
| – | -$21.8K | -713 | Closed |
|
FBIZ Hedge Fund Activity: Q2 2023 in Review
80 of the 6,370 institutional investors tracked by Wall St. Rank reported a position in First Business Financial Services (FBIZ) for Q2 2023, worth a combined $156M — down 4.2% from $163M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of FBIZ and 3 opened new positions — a net loss of 5 holders — while 33 trimmed existing stakes and 26 added.
The largest buyer was Empowered Funds, opening a new position worth an estimated $905K. The largest seller was Millennium Management, exiting entirely with an estimated $799K sold.
- 80 institutional investors held First Business Financial Services (FBIZ) as of Q2 2023, down from 85 in Q1 2023.
- Funds reported $156M of First Business Financial Services stock for Q2 2023, down 4.2% quarter-over-quarter.
- 3 funds opened new First Business Financial Services positions in Q2 2023 and 8 closed out, a net change of -5 holders.
- The largest First Business Financial Services buyer in Q2 2023 was Empowered Funds, an estimated $905K added.
- The largest First Business Financial Services seller in Q2 2023 was Millennium Management, an estimated $799K sold.
Based on aggregated 13F filings for Q2 2023.