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First Business Financial Services
FBIZ

63 hedge funds and large institutions have $117M invested in First Business Financial Services in 2017 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 24 increasing their positions, 16 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 3

50% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 16

3% more funds holding

Funds holding: 61 → 63 (+2)

0.92% less ownership

Funds ownership: 60.06% → 59.14% (-0.92%)

3% less capital invested

Capital invested by funds: $121M → $117M (-$3.59M)

Holders
63
Holders Change
+2
Holders Change %
+3.28%
% of All Funds
1.57%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
5
Increased
24
Reduced
16
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
PCA
PL Capital Advisors
Florida
+$2.2M
2
MI
M3F Inc
Utah
+$612K
3
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$381K
4
Wells Fargo
Wells Fargo
California
+$236K
5
Federated Hermes
Federated Hermes
Pennsylvania
+$136K

Top Sellers

1
Wellington Management Group
Wellington Management Group
Massachusetts
-$2.34M
2
MCM
Maltese Capital Management
New York
-$1.55M
3
EMFAT
Emerald Mutual Fund Advisers Trust
Pennsylvania
-$1.16M
4
Jacobs Levy Equity Management
Jacobs Levy Equity Management
New Jersey
-$227K
5
Ameriprise
Ameriprise
Minnesota
-$201K
Name Holding Trade Value Shares
Change 		Change in
Stake
BFC
1
Banc Funds Company
Illinois
$17.9M – – –
Wellington Management Group
2
Wellington Management Group
Massachusetts
$14.8M -$2.34M -107,063 -14%
Manulife (Manufacturers Life Insurance)
3
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$11.3M +$43.7K +1,999 +0.4%
BlackRock
4
BlackRock
New York
$9.42M +$135K +6,168 +2%
FBFS
5
First Business Financial Services
Wisconsin
$8.87M -$174K -7,971 -2%
Vanguard Group
6
Vanguard Group
Pennsylvania
$7.74M +$117K +5,367 +2%
Dimensional Fund Advisors
7
Dimensional Fund Advisors
Texas
$5.68M +$381K +17,457 +8%
Northern Trust
8
Northern Trust
Illinois
$3.81M +$9.24K +423 +0.3%
LSV Asset Management
9
LSV Asset Management
Illinois
$3.79M -$54.6K -2,500 -1%
Renaissance Technologies
10
Renaissance Technologies
New York
$3.79M -$34.9K -1,600 -1%
State Street
11
State Street
Massachusetts
$3.49M +$54.7K +2,504 +2%
JP Morgan Chase
12
JP Morgan Chase
New York
$2.34M -$185K -8,481 -8%
PCA
13
PL Capital Advisors
Florida
$2.29M +$2.2M +100,865 New
RHCA
14
Rosenthal Henry Capital Advisors
Indiana
$1.71M – – –
BCM
15
Bridgeway Capital Management
Texas
$1.67M +$17.5K +800 +1%
Federated Hermes
16
Federated Hermes
Pennsylvania
$1.55M +$136K +6,230 +10%
Geode Capital Management
17
Geode Capital Management
Massachusetts
$1.48M +$45.5K +2,084 +3%
Bank of New York Mellon
18
Bank of New York Mellon
New York
$1.09M +$34.8K +1,594 +3%
MAM
19
Martingale Asset Management
Massachusetts
$1.05M -$15.3K -700 -1%
Wells Fargo
20
Wells Fargo
California
$1.03M +$236K +10,804 +31%
BCM
21
BHZ Capital Management
California
$898K +$75.9K +3,477 +10%
Deutsche Bank
22
Deutsche Bank
Germany
$825K +$48.2K +2,207 +6%
NFA
23
Nationwide Fund Advisors
Ohio
$734K -$13.1K -600 -2%
BCM
24
Buckhead Capital Management
Georgia
$730K – – –
California Public Employees Retirement System
25
California Public Employees Retirement System
California
$689K – – –
1
2 3

FBIZ Hedge Fund Activity: Q3 2017 in Review

63 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in First Business Financial Services (FBIZ) for Q3 2017, worth a combined $117M — down 3% from $121M a quarter earlier.

Buyers outnumbered sellers: 5 funds opened new FBIZ positions and 3 closed out — a net gain of 2 holders — while 24 added to existing stakes and 16 trimmed.

The largest buyer was PL Capital Advisors, opening a new position worth an estimated $2.2M. The largest seller was Wellington Management Group, cutting an estimated $2.34M.

  • 63 institutional investors held First Business Financial Services (FBIZ) as of Q3 2017, up from 61 in Q2 2017.
  • Funds reported $117M of First Business Financial Services stock for Q3 2017, down 3% quarter-over-quarter.
  • 5 funds opened new First Business Financial Services positions in Q3 2017 and 3 closed out, a net change of +2 holders.
  • The largest First Business Financial Services buyer in Q3 2017 was PL Capital Advisors, an estimated $2.2M added.
  • The largest First Business Financial Services seller in Q3 2017 was Wellington Management Group, an estimated $2.34M sold.

Based on aggregated 13F filings for Q3 2017.