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First Business Financial Services

117 hedge funds and large institutions have $285M invested in First Business Financial Services in 2025 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 43 increasing their positions, 37 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

16% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 37

8% more capital invested

Capital invested by funds: $264M → $285M (+$21.2M)

8% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 13

1% more funds holding

Funds holding: 116117 (+1)

0.2% more ownership

Funds ownership: 67.46%67.66% (+0.2%)

0% more funds holding in top 10

Funds holding in top 10: 22 (0)

Holders
117
Holders Change
+1
Holders Change %
+0.86%
% of All Funds
1.54%
Holding in Top 10
2
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.03%
New
14
Increased
43
Reduced
37
Closed
13
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
State of Wisconsin Investment Board
76
State of Wisconsin Investment Board
Wisconsin
$259K +$245K +5,115 New
IQI
77
Integrated Quantitative Investments
Washington
$253K
BFIM
78
Beese Fulmer Investment Management
Ohio
$241K
PAM
79
Panagora Asset Management
Massachusetts
$235K +$222K +4,633 New
EFL
80
ERn Financial LLC
Wisconsin
$234K
MIM
81
MetLife Investment Management
New Jersey
$233K
SCM
82
Semanteon Capital Management
Massachusetts
$232K +$220K +4,580 New
Mirae Asset Global ETFs Holdings
83
Mirae Asset Global ETFs Holdings
Hong Kong
$220K -$17.3K -361 -8%
CSS
84
Cubist Systematic Strategies
Connecticut
$213K -$61.1K -1,274 -23%
FA
85
Fedenia Advisers
Wisconsin
$208K +$197K +4,100 New
Citigroup
86
Citigroup
New York
$203K -$137K -2,862 -42%
T. Rowe Price Associates
87
T. Rowe Price Associates
Maryland
$200K +$189K +3,935 New
New York State Common Retirement Fund
88
New York State Common Retirement Fund
New York
$196K
QT
89
Quantbot Technologies
New York
$147K +$139K +2,893 New
HCA
90
Harbor Capital Advisors
Illinois
$146K +$13.8K +288 +11%
VEA
91
Virtus ETF Advisers
New York
$108K
BNP Paribas Financial Markets
92
BNP Paribas Financial Markets
France
$100K +$5.18K +108 +6%
TRCT
93
Tower Research Capital (TRC)
New York
$95.7K +$70.8K +1,476 +357%
PFSRSONJ
94
Police & Firemen's Retirement System of New Jersey
New Jersey
$95.1K
Carson Wealth (CWM LLC)
95
Carson Wealth (CWM LLC)
Nebraska
$80K +$31.9K +666 +73%
Ohio Public Employees Retirement System (OPERS)
96
Ohio Public Employees Retirement System (OPERS)
Ohio
$77.5K
EWA
97
EverSource Wealth Advisors
Alabama
$65.4K +$61.7K +1,287 +32,175%
AIP
98
Ameritas Investment Partners
Nebraska
$40.6K
Legal & General Group
99
Legal & General Group
United Kingdom
$36.7K +$1.97K +41 +6%
Fidelity Investments
100
Fidelity Investments
Massachusetts
$32.5K -$719 -15 -2%

FBIZ Hedge Fund Activity: Q2 2025 in Review

117 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in First Business Financial Services (FBIZ) for Q2 2025, worth a combined $285M — up 8% from $264M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new FBIZ positions and 13 closed out — a net gain of 1 holder — while 43 added to existing stakes and 37 trimmed.

The largest buyer was American Century Companies, adding an estimated $1.21M. The largest seller was BlackRock, cutting an estimated $2.8M.

  • 117 institutional investors held First Business Financial Services (FBIZ) as of Q2 2025, up from 116 in Q1 2025.
  • Funds reported $285M of First Business Financial Services stock for Q2 2025, up 8% quarter-over-quarter.
  • 14 funds opened new First Business Financial Services positions in Q2 2025 and 13 closed out, a net change of +1 holder.
  • The largest First Business Financial Services buyer in Q2 2025 was American Century Companies, an estimated $1.21M added.
  • The largest First Business Financial Services seller in Q2 2025 was BlackRock, an estimated $2.8M sold.

Based on aggregated 13F filings for Q2 2025.