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First Business Financial Services
FBIZ

75 hedge funds and large institutions have $139M invested in First Business Financial Services in 2021 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 23 increasing their positions, 24 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

2.06% more ownership

Funds ownership: 58.83% → 60.89% (+2.1%)

4% less capital invested

Capital invested by funds: $144M → $139M (-$5.13M)

4% less repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 24

1% less funds holding

Funds holding: 76 → 75 (-1)

14% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 7

Holders
75
Holders Change
-1
Holders Change %
-1.32%
% of All Funds
1.15%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
6
Increased
23
Reduced
24
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
+$737K
2
FL
Fourthstone LLC
Missouri
+$693K
3
PRCP
Pacific Ridge Capital Partners
Oregon
+$436K
4
BlackRock
BlackRock
New York
+$298K
5
Millennium Management
Millennium Management
New York
+$229K

Top Sellers

Rank Fund Capital Flow
1
BFC
Banc Funds Company
Illinois
-$1.13M
2
E
Ergoteles
New York
-$629K
3
Renaissance Technologies
Renaissance Technologies
New York
-$604K
4
Marshall Wace
Marshall Wace
United Kingdom
-$550K
5
NAS
Nicolet Advisory Services
Wisconsin
-$542K
Name Holding Trade Value Shares
Change 		Change in
Stake
Dimensional Fund Advisors
1
Dimensional Fund Advisors
Texas
$13.6M -$83.4K -2,850 -0.6%
BFC
2
Banc Funds Company
Illinois
$12.9M -$1.13M -38,657 -8%
FBFS
3
First Business Financial Services
Wisconsin
$10M +$15.2K +520 +0.2%
Vanguard Group
4
Vanguard Group
Pennsylvania
$9.63M -$37.3K -1,275 -0.4%
PRCP
5
Pacific Ridge Capital Partners
Oregon
$8.88M +$436K +14,900 +5%
MI
6
M3F Inc
Utah
$7.07M – – –
Renaissance Technologies
7
Renaissance Technologies
New York
$6.61M -$604K -20,641 -8%
FL
8
Fourthstone LLC
Missouri
$6.16M +$693K +23,711 +13%
Franklin Resources
9
Franklin Resources
California
$4.26M – – –
AllianceBernstein
10
AllianceBernstein
Tennessee
$3.87M +$84.3K +2,884 +2%
CCM
11
Cutler Capital Management
Massachusetts
$3.82M +$117K +4,000 +3%
BCM
12
BHZ Capital Management
California
$3.6M – – –
BlackRock
13
BlackRock
New York
$3.54M +$298K +10,174 +9%
ROC
14
River Oaks Capital
Minnesota
$3.52M +$3.53M +120,853 New
LSV Asset Management
15
LSV Asset Management
Illinois
$2.93M -$309K -10,580 -10%
Millennium Management
16
Millennium Management
New York
$2.89M +$229K +7,821 +9%
BCM
17
Basswood Capital Management
New York
$2.51M -$106K -3,612 -4%
BCM
18
Bridgeway Capital Management
Texas
$2.49M – – –
Hotchkis & Wiley Capital Management
19
Hotchkis & Wiley Capital Management
California
$2.23M -$29.2K -1,000 -1%
BGIM
20
Brandywine Global Investment Management
Pennsylvania
$2.11M -$61.4K -2,100 -3%
Geode Capital Management
21
Geode Capital Management
Massachusetts
$1.84M – – –
PCM
22
Poehling Capital Management
Wisconsin
$1.76M – – –
Acadian Asset Management
23
Acadian Asset Management
Massachusetts
$1.63M +$183K +6,244 +13%
Northern Trust
24
Northern Trust
Illinois
$1.47M -$34.8K -1,189 -2%
Goldman Sachs
25
Goldman Sachs
New York
$1.46M -$18K -615 -1%
1
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FBIZ Hedge Fund Activity: Q4 2021 in Review

75 of the 6,499 institutional investors tracked by Wall St. Rank reported a position in First Business Financial Services (FBIZ) for Q4 2021, worth a combined $139M — down 3.6% from $144M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of FBIZ and 6 opened new positions — a net loss of 1 holder — while 24 trimmed existing stakes and 23 added.

The largest buyer was Manulife (Manufacturers Life Insurance), adding an estimated $737K. The largest seller was Banc Funds Company, cutting an estimated $1.13M.

  • 75 institutional investors held First Business Financial Services (FBIZ) as of Q4 2021, down from 76 in Q3 2021.
  • Funds reported $139M of First Business Financial Services stock for Q4 2021, down 3.6% quarter-over-quarter.
  • 6 funds opened new First Business Financial Services positions in Q4 2021 and 7 closed out, a net change of -1 holder.
  • The largest First Business Financial Services buyer in Q4 2021 was Manulife (Manufacturers Life Insurance), an estimated $737K added.
  • The largest First Business Financial Services seller in Q4 2021 was Banc Funds Company, an estimated $1.13M sold.

Based on aggregated 13F filings for Q4 2021.