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First Business Financial Services
FBIZ

84 hedge funds and large institutions have $208M invested in First Business Financial Services in 2023 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 31 increasing their positions, 23 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 5

35% more repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 23

33% more capital invested

Capital invested by funds: $156M → $208M (+$52.1M)

2% more funds holding

Funds holding: 82 → 84 (+2)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0.12% less ownership

Funds ownership: 62.53% → 62.42% (-0.12%)

Holders
84
Holders Change
+2
Holders Change %
+2.44%
% of All Funds
1.22%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
8
Increased
31
Reduced
23
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$1.71M
2
Morgan Stanley
Morgan Stanley
New York
+$1.42M
3
EI
EAM Investors
California
+$615K
4
GCP
GSA Capital Partners
United Kingdom
+$315K
5
Barclays
Barclays
United Kingdom
+$285K

Top Sellers

Rank Fund Capital Flow
1
MI
M3F Inc
Utah
-$1.21M
2
JFGIW
Johnson Financial Group Inc (Wisconsin)
Wisconsin
-$637K
3
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
-$392K
4
AllianceBernstein
AllianceBernstein
Tennessee
-$339K
5
FBFS
First Business Financial Services
Wisconsin
-$203K
Name Holding Trade Value Shares
Change 		Change in
Stake
RCM
76
Richardson Capital Management
Wisconsin
$16K +$13.5K +400 New
HI
77
Harbour Investments
Wisconsin
$10.7K – – –
AP
78
Atwood & Palmer
Missouri
$8.02K – – –
GI
79
GAMMA Investing
California
$5.88K +$5.38K +160 New
WTG
80
West Tower Group
Virginia
$2.85K -$3.8K -113 -61%
C
81
Covestor
United Kingdom
$1K -$538 -16 -37%
BTI
82
Blue Trust Inc
Georgia
$1K +$1.55K +46 New
PNC Financial Services Group
83
PNC Financial Services Group
Pennsylvania
$762 – – –
Qube Research & Technologies (QRT)
84
Qube Research & Technologies (QRT)
United Kingdom
$120 – – –
JFGIW
85
Johnson Financial Group Inc (Wisconsin)
Wisconsin
– -$637K -21,216 Closed
HIM
86
Hillsdale Investment Management
Ontario, Canada
– -$69K -2,300 Closed
Allspring Global Investments
87
Allspring Global Investments
North Carolina
– -$50.1K -1,669 Closed
ACM
88
Aquatic Capital Management
Illinois
– -$6K -200 Closed
CCP
89
Carmel Capital Partners
California
– -$750 -25 Closed
1 2 3
4

FBIZ Hedge Fund Activity: Q4 2023 in Review

84 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in First Business Financial Services (FBIZ) for Q4 2023, worth a combined $208M — up 33% from $156M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new FBIZ positions and 5 closed out — a net gain of 3 holders — while 31 added to existing stakes and 23 trimmed.

The largest buyer was BlackRock, adding an estimated $1.71M. The largest seller was M3F Inc, cutting an estimated $1.21M.

  • 84 institutional investors held First Business Financial Services (FBIZ) as of Q4 2023, up from 82 in Q3 2023.
  • Funds reported $208M of First Business Financial Services stock for Q4 2023, up 33% quarter-over-quarter.
  • 8 funds opened new First Business Financial Services positions in Q4 2023 and 5 closed out, a net change of +3 holders.
  • The largest First Business Financial Services buyer in Q4 2023 was BlackRock, an estimated $1.71M added.
  • The largest First Business Financial Services seller in Q4 2023 was M3F Inc, an estimated $1.21M sold.

Based on aggregated 13F filings for Q4 2023.