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First Business Financial Services

136 hedge funds and large institutions have $292M invested in First Business Financial Services in 2025 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 48 increasing their positions, 35 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

238% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 8

37% more repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 35

16% more funds holding

Funds holding: 117136 (+19)

2% more capital invested

Capital invested by funds: $285M → $292M (+$6.95M)

0.82% more ownership

Funds ownership: 67.66%68.48% (+0.82%)

0% more funds holding in top 10

Funds holding in top 10: 22 (0)

Holders
136
Holders Change
+19
Holders Change %
+16.24%
% of All Funds
1.78%
Holding in Top 10
2
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.03%
New
27
Increased
48
Reduced
35
Closed
8
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Ohio Public Employees Retirement System (OPERS)
101
Ohio Public Employees Retirement System (OPERS)
Ohio
$78.4K
EWA
102
EverSource Wealth Advisors
Alabama
$65.8K -$358 -7 -0.5%
AIP
103
Ameritas Investment Partners
Nebraska
$41.1K
Legal & General Group
104
Legal & General Group
United Kingdom
$37.1K
Northwestern Mutual Wealth Management
105
Northwestern Mutual Wealth Management
Wisconsin
$33.4K +$33.4K +652 New
Fidelity Investments
106
Fidelity Investments
Massachusetts
$32K -$921 -18 -3%
VCM
107
Versant Capital Management
Arizona
$30.1K +$18.6K +364 +163%
California State Teachers Retirement System (CalSTRS)
108
California State Teachers Retirement System (CalSTRS)
California
$29.3K +$51 +1 +0.2%
SCM
109
Sterling Capital Management
North Carolina
$26.6K +$16.2K +316 +156%
PAS
110
Point72 Asia (Singapore)
Singapore
$21.1K +$21.1K +412 New
Rockefeller Capital Management
111
Rockefeller Capital Management
New York
$20.1K +$20.1K +392 New
TRCT
112
Tower Research Capital (TRC)
New York
$19K -$77.7K -1,519 -80%
Macquarie Group
113
Macquarie Group
Australia
$19K +$18.9K +370 New
GI
114
GAMMA Investing
California
$16.2K +$1.64K +32 +11%
SOADOR
115
State of Alaska Department of Revenue
Alaska
$16K +$16.9K +330 New
AB
116
Amalgamated Bank
New York
$14K
EP
117
Essential Partners
California
$13.6K +$11.7K +229 +619%
HI
118
Harbour Investments
Wisconsin
$12K +$51 +1 +0.4%
C
119
Covestor
United Kingdom
$11K +$8.6K +168 +600%
QCG
120
Quadrant Capital Group
Ohio
$8.05K +$8.03K +157 New
IA
121
IFP Advisors
Florida
$8K +$1.18K +23 +17%
WT
122
Whittier Trust
California
$6.98K +$7.11K +139 New
AF
123
Allworth Financial
California
$5.28K +$4.5K +88 +587%
Optiver Holding
124
Optiver Holding
Netherlands
$3.79K +$3.79K +74 New
PNC Financial Services Group
125
PNC Financial Services Group
Pennsylvania
$1.74K

FBIZ Hedge Fund Activity: Q3 2025 in Review

136 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in First Business Financial Services (FBIZ) for Q3 2025, worth a combined $292M — up 2.4% from $285M a quarter earlier.

Buyers outnumbered sellers: 27 funds opened new FBIZ positions and 8 closed out — a net gain of 19 holders — while 48 added to existing stakes and 35 trimmed.

The largest buyer was AQR Capital Management, adding an estimated $3.02M. The largest seller was Banc Funds Company, cutting an estimated $3.63M.

  • 136 institutional investors held First Business Financial Services (FBIZ) as of Q3 2025, up from 117 in Q2 2025.
  • Funds reported $292M of First Business Financial Services stock for Q3 2025, up 2.4% quarter-over-quarter.
  • 27 funds opened new First Business Financial Services positions in Q3 2025 and 8 closed out, a net change of +19 holders.
  • The largest First Business Financial Services buyer in Q3 2025 was AQR Capital Management, an estimated $3.02M added.
  • The largest First Business Financial Services seller in Q3 2025 was Banc Funds Company, an estimated $3.63M sold.

Based on aggregated 13F filings for Q3 2025.