First Business Financial Services
FBIZ
116 hedge funds and large institutions have $264M invested in First Business Financial Services in 2025 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 39 increasing their positions, 41 reducing their positions, and 8 closing their positions.
150% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 8
12% more funds holding
Funds holding: 104 → 116 (+12)
3% more capital invested
Capital invested by funds: $257M → $264M (+$7.05M)
0.58% more ownership
Funds ownership: 66.88% → 67.46% (+0.58%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
5% less repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 41
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$6.71M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$2.43M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
+$1.69M |
| 4 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
+$1.36M |
| 5 |
FBFS
First Business Financial Services
Madison,
Wisconsin
|
+$875K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
-$2.93M |
| 2 |
BFC
Banc Funds Company
Chicago,
Illinois
|
-$2.92M |
| 3 |
FL
Fourthstone LLC
St Louis,
Missouri
|
-$1.4M |
| 4 |
JP Morgan Chase
New York
|
-$1.38M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$1.33M |
FBIZ Hedge Fund Activity: Q1 2025 in Review
116 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in First Business Financial Services (FBIZ) for Q1 2025, worth a combined $264M — up 2.7% from $257M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new FBIZ positions and 8 closed out — a net gain of 12 holders — while 39 added to existing stakes and 41 trimmed.
The largest buyer was BlackRock, adding an estimated $6.71M. The largest seller was Hotchkis & Wiley Capital Management, exiting entirely with an estimated $2.93M sold.
- 116 institutional investors held First Business Financial Services (FBIZ) as of Q1 2025, up from 104 in Q4 2024.
- Funds reported $264M of First Business Financial Services stock for Q1 2025, up 2.7% quarter-over-quarter.
- 20 funds opened new First Business Financial Services positions in Q1 2025 and 8 closed out, a net change of +12 holders.
- The largest First Business Financial Services buyer in Q1 2025 was BlackRock, an estimated $6.71M added.
- The largest First Business Financial Services seller in Q1 2025 was Hotchkis & Wiley Capital Management, an estimated $2.93M sold.
Based on aggregated 13F filings for Q1 2025.