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First Business Financial Services
FBIZ

61 hedge funds and large institutions have $121M invested in First Business Financial Services in 2017 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 30 increasing their positions, 15 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 15

0.62% more ownership

Funds ownership: 59.44% → 60.06% (+0.62%)

5% less funds holding

Funds holding: 64 → 61 (-3)

10% less capital invested

Capital invested by funds: $135M → $121M (-$13.7M)

60% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 5

Holders
61
Holders Change
-3
Holders Change %
-4.69%
% of All Funds
1.52%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
30
Reduced
15
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Vanguard Group
Vanguard Group
Pennsylvania
+$3.13M
2
MCM
Maltese Capital Management
New York
+$2.15M
3
Northern Trust
Northern Trust
Illinois
+$2.06M
4
BFC
Banc Funds Company
Illinois
+$557K
5
State Street
State Street
Massachusetts
+$440K

Top Sellers

1
PAIM
Punch & Associates Investment Management
Minnesota
-$5.44M
2
EMFAT
Emerald Mutual Fund Advisers Trust
Pennsylvania
-$1.7M
3
Wells Fargo
Wells Fargo
California
-$1.49M
4
RHCA
Rosenthal Henry Capital Advisors
Indiana
-$367K
5
Wellington Management Group
Wellington Management Group
Massachusetts
-$355K
Name Holding Trade Value Shares
Change 		Change in
Stake
BFC
1
Banc Funds Company
Illinois
$18.1M +$557K +22,770 +3%
Wellington Management Group
2
Wellington Management Group
Massachusetts
$17.5M -$355K -14,490 -2%
Manulife (Manufacturers Life Insurance)
3
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$11.5M +$266K +10,857 +2%
BlackRock
4
BlackRock
New York
$9.41M +$383K +15,656 +4%
FBFS
5
First Business Financial Services
Wisconsin
$9.2M +$79.6K +3,250 +0.8%
Vanguard Group
6
Vanguard Group
Pennsylvania
$7.73M +$3.13M +128,039 +62%
Dimensional Fund Advisors
7
Dimensional Fund Advisors
Texas
$5.36M +$333K +13,620 +6%
LSV Asset Management
8
LSV Asset Management
Illinois
$3.9M – – –
Renaissance Technologies
9
Renaissance Technologies
New York
$3.88M +$103K +4,200 +3%
Northern Trust
10
Northern Trust
Illinois
$3.85M +$2.06M +84,058 +102%
State Street
11
State Street
Massachusetts
$3.48M +$440K +17,984 +14%
JP Morgan Chase
12
JP Morgan Chase
New York
$2.58M -$111K -4,530 -4%
MCM
13
Maltese Capital Management
New York
$2.03M +$2.15M +87,800 New
RHCA
14
Rosenthal Henry Capital Advisors
Indiana
$1.73M -$367K -15,000 -17%
BCM
15
Bridgeway Capital Management
Texas
$1.67M – – –
Geode Capital Management
16
Geode Capital Management
Massachusetts
$1.45M +$87.4K +3,572 +6%
Federated Hermes
17
Federated Hermes
Pennsylvania
$1.43M +$92K +3,758 +6%
EMFAT
18
Emerald Mutual Fund Advisers Trust
Pennsylvania
$1.16M -$1.7M -69,625 -58%
MAM
19
Martingale Asset Management
Massachusetts
$1.08M +$22K +900 +2%
Bank of New York Mellon
20
Bank of New York Mellon
New York
$1.07M +$25.9K +1,060 +2%
BCM
21
BHZ Capital Management
California
$831K +$224K +9,168 +34%
Wells Fargo
22
Wells Fargo
California
$798K -$1.49M -60,945 -64%
Deutsche Bank
23
Deutsche Bank
Germany
$785K +$215K +8,798 +35%
NFA
24
Nationwide Fund Advisors
Ohio
$759K +$92K +3,758 +13%
BCM
25
Buckhead Capital Management
Georgia
$741K – – –
1
2 3

FBIZ Hedge Fund Activity: Q2 2017 in Review

61 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in First Business Financial Services (FBIZ) for Q2 2017, worth a combined $121M — down 10% from $135M a quarter earlier.

Sellers outnumbered buyers: 5 funds closed out of FBIZ and 2 opened new positions — a net loss of 3 holders — while 15 trimmed existing stakes and 30 added.

The largest buyer was Vanguard Group, adding an estimated $3.13M. The largest seller was Punch & Associates Investment Management, exiting entirely with an estimated $5.44M sold.

  • 61 institutional investors held First Business Financial Services (FBIZ) as of Q2 2017, down from 64 in Q1 2017.
  • Funds reported $121M of First Business Financial Services stock for Q2 2017, down 10% quarter-over-quarter.
  • 2 funds opened new First Business Financial Services positions in Q2 2017 and 5 closed out, a net change of -3 holders.
  • The largest First Business Financial Services buyer in Q2 2017 was Vanguard Group, an estimated $3.13M added.
  • The largest First Business Financial Services seller in Q2 2017 was Punch & Associates Investment Management, an estimated $5.44M sold.

Based on aggregated 13F filings for Q2 2017.