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First Business Financial Services
FBIZ

76 hedge funds and large institutions have $144M invested in First Business Financial Services in 2021 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 24 increasing their positions, 21 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 21

3% more capital invested

Capital invested by funds: $140M → $144M (+$4.03M)

1.52% less ownership

Funds ownership: 60.35% → 58.83% (-1.5%)

3% less funds holding

Funds holding: 78 → 76 (-2)

18% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 11

Holders
76
Holders Change
-2
Holders Change %
-2.56%
% of All Funds
1.33%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
9
Increased
24
Reduced
21
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FL
Fourthstone LLC
Missouri
+$1.03M
2
Goldman Sachs
Goldman Sachs
New York
+$664K
3
BlackRock
BlackRock
New York
+$657K
4
AllianceBernstein
AllianceBernstein
Tennessee
+$611K
5
CCM
Cutler Capital Management
Massachusetts
+$553K

Top Sellers

Rank Fund Capital Flow
1
BFC
Banc Funds Company
Illinois
-$5.31M
2
Millennium Management
Millennium Management
New York
-$1.62M
3
Vanguard Group
Vanguard Group
Pennsylvania
-$891K
4
PPA
Parametric Portfolio Associates
Washington
-$775K
5
Renaissance Technologies
Renaissance Technologies
New York
-$632K
Name Holding Trade Value Shares
Change 		Change in
Stake
BFC
1
Banc Funds Company
Illinois
$13.8M -$5.31M -192,180 -29%
Dimensional Fund Advisors
2
Dimensional Fund Advisors
Texas
$13.4M +$387K +13,990 +3%
FBFS
3
First Business Financial Services
Wisconsin
$9.82M +$29.5K +1,068 +0.3%
Vanguard Group
4
Vanguard Group
Pennsylvania
$9.52M -$891K -32,255 -9%
Manulife (Manufacturers Life Insurance)
5
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$9.2M +$468K +16,952 +6%
PRCP
6
Pacific Ridge Capital Partners
Oregon
$8.31M -$478K -17,297 -6%
Renaissance Technologies
7
Renaissance Technologies
New York
$7.09M -$632K -22,859 -8%
MI
8
M3F Inc
Utah
$6.95M +$76.4K +2,765 +1%
FL
9
Fourthstone LLC
Missouri
$5.38M +$1.03M +37,410 +25%
Franklin Resources
10
Franklin Resources
California
$4.19M – – –
AllianceBernstein
11
AllianceBernstein
Tennessee
$3.72M +$611K +22,098 +21%
CCM
12
Cutler Capital Management
Massachusetts
$3.65M +$553K +20,000 +19%
BCM
13
BHZ Capital Management
California
$3.55M – – –
BlackRock
14
BlackRock
New York
$3.19M +$657K +23,773 +27%
LSV Asset Management
15
LSV Asset Management
Illinois
$3.18M – – –
Millennium Management
16
Millennium Management
New York
$2.62M -$1.62M -58,581 -39%
BCM
17
Basswood Capital Management
New York
$2.58M +$545K +19,710 +28%
BCM
18
Bridgeway Capital Management
Texas
$2.45M – – –
Hotchkis & Wiley Capital Management
19
Hotchkis & Wiley Capital Management
California
$2.22M -$217K -7,840 -9%
BGIM
20
Brandywine Global Investment Management
Pennsylvania
$2.13M -$22.1K -800 -1%
Geode Capital Management
21
Geode Capital Management
Massachusetts
$1.81M +$33.4K +1,210 +2%
PCM
22
Poehling Capital Management
Wisconsin
$1.73M – – –
Northern Trust
23
Northern Trust
Illinois
$1.48M -$64.2K -2,325 -4%
Goldman Sachs
24
Goldman Sachs
New York
$1.46M +$664K +24,034 +90%
RHCA
25
Rosenthal Henry Capital Advisors
Indiana
$1.44M – – –
1
2 3 4

FBIZ Hedge Fund Activity: Q3 2021 in Review

76 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in First Business Financial Services (FBIZ) for Q3 2021, worth a combined $144M — up 2.9% from $140M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of FBIZ and 9 opened new positions — a net loss of 2 holders — while 21 trimmed existing stakes and 24 added.

The largest buyer was Fourthstone LLC, adding an estimated $1.03M. The largest seller was Banc Funds Company, cutting an estimated $5.31M.

  • 76 institutional investors held First Business Financial Services (FBIZ) as of Q3 2021, down from 78 in Q2 2021.
  • Funds reported $144M of First Business Financial Services stock for Q3 2021, up 2.9% quarter-over-quarter.
  • 9 funds opened new First Business Financial Services positions in Q3 2021 and 11 closed out, a net change of -2 holders.
  • The largest First Business Financial Services buyer in Q3 2021 was Fourthstone LLC, an estimated $1.03M added.
  • The largest First Business Financial Services seller in Q3 2021 was Banc Funds Company, an estimated $5.31M sold.

Based on aggregated 13F filings for Q3 2021.