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First Business Financial Services
FBIZ

78 hedge funds and large institutions have $110M invested in First Business Financial Services in 2019 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 25 increasing their positions, 23 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

100% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 3

4% more funds holding

Funds holding: 75 → 78 (+3)

9% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 23

2% more capital invested

Capital invested by funds: $108M → $110M (+$1.77M)

0.54% less ownership

Funds ownership: 62.97% → 62.43% (-0.54%)

Holders
78
Holders Change
+3
Holders Change %
+4%
% of All Funds
1.69%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.04%
New
6
Increased
25
Reduced
23
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
PRCP
Pacific Ridge Capital Partners
Oregon
+$587K
2
MI
M3F Inc
Utah
+$581K
3
Renaissance Technologies
Renaissance Technologies
New York
+$528K
4
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$493K
5
Ameriprise
Ameriprise
Minnesota
+$469K

Top Sellers

1
MCM
Maltese Capital Management
New York
-$1.76M
2
Russell Investments Group
Russell Investments Group
United Kingdom
-$660K
3
ROC
River Oaks Capital
Minnesota
-$655K
4
Wellington Management Group
Wellington Management Group
Massachusetts
-$469K
5
O
OppenheimerFunds
New York
-$339K
Name Holding Trade Value Shares
Change 		Change in
Stake
BFC
1
Banc Funds Company
Illinois
$13.5M – – –
Manulife (Manufacturers Life Insurance)
2
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$9.96M -$70.1K -3,316 -0.7%
BlackRock
3
BlackRock
New York
$8.88M -$264K -12,488 -3%
Vanguard Group
4
Vanguard Group
Pennsylvania
$8.25M -$10.3K -487 -0.1%
FBFS
5
First Business Financial Services
Wisconsin
$7.73M -$225K -10,640 -3%
Dimensional Fund Advisors
6
Dimensional Fund Advisors
Texas
$7.57M +$493K +23,328 +7%
MI
7
M3F Inc
Utah
$5.08M +$581K +27,490 +12%
Renaissance Technologies
8
Renaissance Technologies
New York
$4.2M +$528K +25,000 +14%
State Street
9
State Street
Massachusetts
$3.3M -$153K -7,228 -4%
Northern Trust
10
Northern Trust
Illinois
$3.29M +$2.3K +109 +0.1%
PRCP
11
Pacific Ridge Capital Partners
Oregon
$3.13M +$587K +27,772 +22%
LSV Asset Management
12
LSV Asset Management
Illinois
$3.09M -$77.1K -3,648 -2%
BCM
13
BHZ Capital Management
California
$2.98M +$7.38K +349 +0.2%
PCA
14
PL Capital Advisors
Florida
$2.42M – – –
BCM
15
Bridgeway Capital Management
Texas
$1.82M – – –
JP Morgan Chase
16
JP Morgan Chase
New York
$1.79M +$21K +995 +1%
Geode Capital Management
17
Geode Capital Management
Massachusetts
$1.51M +$73.1K +3,460 +5%
PCM
18
Poehling Capital Management
Wisconsin
$1.42M -$31.7K -1,500 -2%
RHCA
19
Rosenthal Henry Capital Advisors
Indiana
$1.4M -$80.3K -3,800 -5%
Hotchkis & Wiley Capital Management
20
Hotchkis & Wiley Capital Management
California
$1.28M +$366K +17,300 +37%
CCM
21
Cutler Capital Management
Massachusetts
$1.05M – – –
Bank of New York Mellon
22
Bank of New York Mellon
New York
$958K +$17.1K +809 +2%
MAM
23
Martingale Asset Management
Massachusetts
$948K +$42.3K +2,000 +4%
VIM
24
Vista Investment Management
Pennsylvania
$945K -$148 -7 -0%
Federated Hermes
25
Federated Hermes
Pennsylvania
$927K +$79.9K +3,778 +9%
1
2 3 4

FBIZ Hedge Fund Activity: Q1 2019 in Review

78 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in First Business Financial Services (FBIZ) for Q1 2019, worth a combined $110M — up 1.6% from $108M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new FBIZ positions and 3 closed out — a net gain of 3 holders — while 25 added to existing stakes and 23 trimmed.

The largest buyer was Pacific Ridge Capital Partners, adding an estimated $587K. The largest seller was Maltese Capital Management, exiting entirely with an estimated $1.76M sold.

  • 78 institutional investors held First Business Financial Services (FBIZ) as of Q1 2019, up from 75 in Q4 2018.
  • Funds reported $110M of First Business Financial Services stock for Q1 2019, up 1.6% quarter-over-quarter.
  • 6 funds opened new First Business Financial Services positions in Q1 2019 and 3 closed out, a net change of +3 holders.
  • The largest First Business Financial Services buyer in Q1 2019 was Pacific Ridge Capital Partners, an estimated $587K added.
  • The largest First Business Financial Services seller in Q1 2019 was Maltese Capital Management, an estimated $1.76M sold.

Based on aggregated 13F filings for Q1 2019.