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First Business Financial Services
FBIZ

64 hedge funds and large institutions have $135M invested in First Business Financial Services in 2017 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 26 increasing their positions, 24 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

11% more capital invested

Capital invested by funds: $121M → $135M (+$13.8M)

1% more ownership

Funds ownership: 58.44% → 59.44% (+1%)

8% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 24

10% less funds holding

Funds holding: 71 → 64 (-7)

43% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 7

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
64
Holders Change
-7
Holders Change %
-9.86%
% of All Funds
1.59%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
4
Increased
26
Reduced
24
Closed
7
Calls
$273K
Puts
–
Net Calls
+$273K
Net Calls Change
+$273K

Top Buyers

1
BlackRock
BlackRock
New York
+$9.71M
2
Wellington Management Group
Wellington Management Group
Massachusetts
+$6.08M
3
Vanguard Group
Vanguard Group
Pennsylvania
+$724K
4
BFC
Banc Funds Company
Illinois
+$688K
5
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$409K

Top Sellers

1
PAIM
Punch & Associates Investment Management
Minnesota
-$2.54M
2
HHC
Hutchin Hill Capital
New York
-$1.22M
3
BCM
Bridgeway Capital Management
Texas
-$698K
4
KCM
Kennedy Capital Management
Missouri
-$453K
5
JP Morgan Chase
JP Morgan Chase
New York
-$344K
Name Holding Trade Value Shares
Change 		Change in
Stake
Wellington Management Group
1
Wellington Management Group
Massachusetts
$20.1M +$6.08M +244,483 +46%
BFC
2
Banc Funds Company
Illinois
$19.8M +$688K +27,700 +4%
Manulife (Manufacturers Life Insurance)
3
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$12.6M +$206K +8,280 +2%
FBFS
4
First Business Financial Services
Wisconsin
$10.3M -$296K -11,919 -3%
BlackRock
5
BlackRock
New York
$10.2M +$9.71M +390,750 +26,727%
Dimensional Fund Advisors
6
Dimensional Fund Advisors
Texas
$5.67M +$409K +16,463 +8%
PAIM
7
Punch & Associates Investment Management
Minnesota
$5.44M -$2.54M -102,264 -33%
Vanguard Group
8
Vanguard Group
Pennsylvania
$5.37M +$724K +29,127 +16%
LSV Asset Management
9
LSV Asset Management
Illinois
$4.39M +$19.9K +800 +0.5%
Renaissance Technologies
10
Renaissance Technologies
New York
$4.25M +$233K +9,378 +6%
State Street
11
State Street
Massachusetts
$3.45M -$55.5K -2,235 -2%
EMFAT
12
Emerald Mutual Fund Advisers Trust
Pennsylvania
$3.11M – – –
JP Morgan Chase
13
JP Morgan Chase
New York
$3.02M -$344K -13,834 -11%
Wells Fargo
14
Wells Fargo
California
$2.48M +$384K +15,438 +19%
RHCA
15
Rosenthal Henry Capital Advisors
Indiana
$2.34M – – –
Northern Trust
16
Northern Trust
Illinois
$2.15M -$2.71K -109 -0.1%
BCM
17
Bridgeway Capital Management
Texas
$1.88M -$698K -28,100 -28%
Geode Capital Management
18
Geode Capital Management
Massachusetts
$1.54M +$52.6K +2,118 +4%
Federated Hermes
19
Federated Hermes
Pennsylvania
$1.51M +$213K +8,583 +17%
MAM
20
Martingale Asset Management
Massachusetts
$1.19M +$137K +5,501 +14%
Bank of New York Mellon
21
Bank of New York Mellon
New York
$1.17M +$54.7K +2,202 +5%
BCM
22
Buckhead Capital Management
Georgia
$833K -$75.1K -3,020 -9%
TCIM
23
TIAA CREF Investment Management
New York
$795K -$60.6K -2,439 -7%
NFA
24
Nationwide Fund Advisors
Ohio
$756K -$24.1K -970 -3%
California Public Employees Retirement System
25
California Public Employees Retirement System
California
$703K +$109K +4,400 +19%
1
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FBIZ Hedge Fund Activity: Q1 2017 in Review

64 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in First Business Financial Services (FBIZ) for Q1 2017, worth a combined $135M — up 11% from $121M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of FBIZ and 4 opened new positions — a net loss of 3 holders — while 24 trimmed existing stakes and 26 added.

The largest buyer was BlackRock, adding an estimated $9.71M. The largest seller was Punch & Associates Investment Management, cutting an estimated $2.54M.

  • 64 institutional investors held First Business Financial Services (FBIZ) as of Q1 2017, down from 71 in Q4 2016.
  • Funds reported $135M of First Business Financial Services stock for Q1 2017, up 11% quarter-over-quarter.
  • 4 funds opened new First Business Financial Services positions in Q1 2017 and 7 closed out, a net change of -3 holders.
  • The largest First Business Financial Services buyer in Q1 2017 was BlackRock, an estimated $9.71M added.
  • The largest First Business Financial Services seller in Q1 2017 was Punch & Associates Investment Management, an estimated $2.54M sold.

Based on aggregated 13F filings for Q1 2017.