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First Business Financial Services
FBIZ

144 hedge funds and large institutions have $312M invested in First Business Financial Services in 2026 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 59 increasing their positions, 36 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

64% more repeat investments, than reductions

Existing positions increased: 59 | Existing positions reduced: 36

55% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 11

4% more funds holding

Funds holding: 139 → 144 (+5)

0.54% more ownership

Funds ownership: 68.71% → 69.24% (+0.54%)

0% more capital invested

Capital invested by funds: $311M → $312M (+$1.09M)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

Holders
144
Holders Change
+5
Holders Change %
+3.6%
% of All Funds
1.77%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
17
Increased
59
Reduced
36
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
EF
Empowered Funds
Pennsylvania
+$2.33M
2
Morgan Stanley
Morgan Stanley
New York
+$1.38M
3
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
+$1.29M
4
American Century Companies
American Century Companies
Missouri
+$1.29M
5
State Street
State Street
Massachusetts
+$870K

Top Sellers

1
Geode Capital Management
Geode Capital Management
Massachusetts
-$1.96M
2
MI
M3F Inc
Utah
-$1.63M
3
PCM
Poehling Capital Management
Wisconsin
-$1.48M
4
AllianceBernstein
AllianceBernstein
Tennessee
-$631K
5
AQR Capital Management
AQR Capital Management
Connecticut
-$629K
Name Holding Trade Value Shares
Change 		Change in
Stake
IA
126
IFP Advisors
Florida
$9.38K – – –
MAM
127
Meeder Asset Management
Ohio
$9.11K +$9.39K +169 New
AF
128
Allworth Financial
California
$8.79K +$1.56K +28 +21%
S
129
SignatureFD
Georgia
$8.25K +$111 +2 +1%
Optiver Holding
130
Optiver Holding
Netherlands
$4.42K +$445 +8 +11%
Osaic Holdings
131
Osaic Holdings
Arizona
$3.83K -$569K -10,236 -99%
SAM
132
Smartleaf Asset Management
Massachusetts
$2.76K +$889 +16 +46%
FFA
133
Farther Finance Advisors
California
$2.35K – – –
PNC Financial Services Group
134
PNC Financial Services Group
Pennsylvania
$1.83K – – –
Simplex Trading
135
Simplex Trading
Illinois
$1.56K +$1.61K +29 New
RIL
136
Rothschild Investment LLC
Illinois
$1.51K +$167 +3 +12%
TWD
137
True Wealth Design
Ohio
$1.19K – – –
MCM
138
MAI Capital Management
Ohio
$1.13K +$945 +17 +425%
AAP
139
Arax Advisory Partners
Colorado
$1.02K +$945 +17 +850%
PA
140
Parallel Advisors
California
$809 +$834 +15 New
RFP
141
Root Financial Partners
California
$593 +$611 +11 New
AssetMark Inc
142
AssetMark Inc
California
$431 – – –
SIC
143
SJS Investment Consulting
Ohio
$378 +$111 +2 +40%
Nisa Investment Advisors
144
Nisa Investment Advisors
Missouri
$270 – – –
Principal Financial Group
145
Principal Financial Group
Iowa
– -$618K -11,377 Closed
A
146
AlphaQuest
New York
– -$499K -9,182 Closed
AA
147
ALPS Advisors
Colorado
– -$482K -8,878 Closed
SPS
148
Susquehanna Portfolio Strategies
Pennsylvania
– -$202K -3,720 Closed
FA
149
Fedenia Advisers
Wisconsin
– -$201K -3,700 Closed
JFGIW
150
Johnson Financial Group Inc (Wisconsin)
Wisconsin
– -$177K -3,260 Closed
3 4 5
6
7

FBIZ Hedge Fund Activity: Q1 2026 in Review

144 of the 8,125 institutional investors tracked by Wall St. Rank reported a position in First Business Financial Services (FBIZ) for Q1 2026, worth a combined $312M — up 0.35% from $311M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new FBIZ positions and 11 closed out — a net gain of 6 holders — while 59 added to existing stakes and 36 trimmed.

The largest buyer was Empowered Funds, opening a new position worth an estimated $2.33M. The largest seller was Geode Capital Management, cutting an estimated $1.96M.

  • 144 institutional investors held First Business Financial Services (FBIZ) as of Q1 2026, up from 139 in Q4 2025.
  • Funds reported $312M of First Business Financial Services stock for Q1 2026, up 0.35% quarter-over-quarter.
  • 17 funds opened new First Business Financial Services positions in Q1 2026 and 11 closed out, a net change of +6 holders.
  • The largest First Business Financial Services buyer in Q1 2026 was Empowered Funds, an estimated $2.33M added.
  • The largest First Business Financial Services seller in Q1 2026 was Geode Capital Management, an estimated $1.96M sold.

Based on aggregated 13F filings for Q1 2026.