First Business Financial Services
FBIZ
82 hedge funds and large institutions have $156M invested in First Business Financial Services in 2023 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 21 increasing their positions, 30 reducing their positions, and 4 closing their positions.
75% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 4
3% more funds holding
Funds holding: 80 → 82 (+2)
0% more capital invested
Capital invested by funds: $156M → $156M (+$159K)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
1.25% less ownership
Funds ownership: 63.78% → 62.53% (-1.2%)
30% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 30
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
+$405K |
| 2 |
Millennium Management
New York
|
+$355K |
| 3 |
Geode Capital Management
Boston,
Massachusetts
|
+$291K |
| 4 |
RP
Riverwater Partners
Milwaukee,
Wisconsin
|
+$210K |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$163K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
-$668K |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$576K |
| 3 |
BlackRock
New York
|
-$570K |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$308K |
| 5 |
FBFS
First Business Financial Services
Madison,
Wisconsin
|
-$232K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AP
76
Atwood & Palmer
Kansas City,
Missouri
| $6K | – | – | – |
|
|
ACM
77
Aquatic Capital Management
Chicago,
Illinois
| $6K | – | – | – |
|
|
WTG
78
West Tower Group
Richmond,
Virginia
| $5.52K | +$5.81K | +184 | New |
|
|
C
79
Covestor
London,
United Kingdom
| $1K | -$442 | -14 | -25% |
|
|
CCP
80
Carmel Capital Partners
San Diego,
California
| $750 | +$789 | +25 | New |
|
81
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $570 | +$600 | +19 | New |
|
82
Qube Research & Technologies (QRT)
London,
United Kingdom
| $90 | +$95 | +3 | New |
|
|
83
First Trust Advisors
Wheaton,
Illinois
| – | -$668K | -22,664 | Closed |
|
|
84
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$576K | -18,111 | Closed |
|
85
Lazard Asset Management
New York
| – | -$41K | -1,404 | Closed |
|
86
Osaic Holdings
Scottsdale,
Arizona
| – | -$4.37K | -148 | Closed |
|
FBIZ Hedge Fund Activity: Q3 2023 in Review
82 of the 6,302 institutional investors tracked by Wall St. Rank reported a position in First Business Financial Services (FBIZ) for Q3 2023, worth a combined $156M — up 0.1% from $156M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new FBIZ positions and 4 closed out — a net gain of 3 holders — while 21 added to existing stakes and 30 trimmed.
The largest buyer was Wealth Enhancement Advisory Services, opening a new position worth an estimated $405K. The largest seller was First Trust Advisors, exiting entirely with an estimated $668K sold.
- 82 institutional investors held First Business Financial Services (FBIZ) as of Q3 2023, up from 80 in Q2 2023.
- Funds reported $156M of First Business Financial Services stock for Q3 2023, up 0.1% quarter-over-quarter.
- 7 funds opened new First Business Financial Services positions in Q3 2023 and 4 closed out, a net change of +3 holders.
- The largest First Business Financial Services buyer in Q3 2023 was Wealth Enhancement Advisory Services, an estimated $405K added.
- The largest First Business Financial Services seller in Q3 2023 was First Trust Advisors, an estimated $668K sold.
Based on aggregated 13F filings for Q3 2023.