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First Business Financial Services
FBIZ

90 hedge funds and large institutions have $172M invested in First Business Financial Services in 2022 Q2 according to their latest regulatory filings, with 24 funds opening new positions, 32 increasing their positions, 19 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

167% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 9

68% more repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 19

17% more funds holding

Funds holding: 77 → 90 (+13)

3.4% more ownership

Funds ownership: 61.81% → 65.21% (+3.4%)

1% more capital invested

Capital invested by funds: $171M → $172M (+$1.3M)

67% less funds holding in top 10

Funds holding in top 10: 3 → 1 (-2)

Holders
90
Holders Change
+13
Holders Change %
+16.88%
% of All Funds
1.52%
Holding in Top 10
1
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-66.67%
% of All Funds
0.02%
New
24
Increased
32
Reduced
19
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
BlackRock
BlackRock
New York
+$11.7M
2
Geode Capital Management
Geode Capital Management
Massachusetts
+$2.11M
3
BFC
Banc Funds Company
Illinois
+$1.95M
4
State Street
State Street
Massachusetts
+$1.82M
5
Northern Trust
Northern Trust
Illinois
+$1.78M

Top Sellers

1
FL
Fourthstone LLC
Missouri
-$5.57M
2
Millennium Management
Millennium Management
New York
-$3.73M
3
PRCP
Pacific Ridge Capital Partners
Oregon
-$3.3M
4
BCM
BHZ Capital Management
California
-$2.6M
5
BGIM
Brandywine Global Investment Management
Pennsylvania
-$2.37M
Name Holding Trade Value Shares
Change 		Change in
Stake
BFC
1
Banc Funds Company
Illinois
$17.9M +$1.95M +58,500 +11%
Dimensional Fund Advisors
2
Dimensional Fund Advisors
Texas
$15.3M +$485K +14,528 +3%
BlackRock
3
BlackRock
New York
$14.9M +$11.7M +349,862 +276%
FBFS
4
First Business Financial Services
Wisconsin
$11.1M +$401K +12,000 +3%
Manulife (Manufacturers Life Insurance)
5
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$10.7M -$73.7K -2,208 -0.6%
Vanguard Group
6
Vanguard Group
Pennsylvania
$10.6M +$436K +13,048 +4%
MI
7
M3F Inc
Utah
$9.08M +$1.52M +45,557 +19%
Renaissance Technologies
8
Renaissance Technologies
New York
$6.43M -$321K -9,600 -4%
PRCP
9
Pacific Ridge Capital Partners
Oregon
$6.39M -$3.3M -98,706 -33%
AllianceBernstein
10
AllianceBernstein
Tennessee
$5.01M +$722K +21,620 +16%
CCM
11
Cutler Capital Management
Massachusetts
$4.21M +$81.8K +2,450 +2%
Franklin Resources
12
Franklin Resources
California
$4.07M -$97.2K -2,910 -2%
Geode Capital Management
13
Geode Capital Management
Massachusetts
$3.97M +$2.11M +63,241 +99%
ROC
14
River Oaks Capital
Minnesota
$3.97M +$50.1K +1,500 +1%
BCM
15
Bridgeway Capital Management
Texas
$3.5M – – –
LSV Asset Management
16
LSV Asset Management
Illinois
$3.27M +$160K +4,780 +5%
Northern Trust
17
Northern Trust
Illinois
$3.12M +$1.78M +53,225 +113%
Acadian Asset Management
18
Acadian Asset Management
Massachusetts
$2.75M +$684K +20,485 +30%
Hotchkis & Wiley Capital Management
19
Hotchkis & Wiley Capital Management
California
$2.6M +$71.1K +2,130 +3%
State Street
20
State Street
Massachusetts
$2.53M +$1.82M +54,646 +208%
PCM
21
Poehling Capital Management
Wisconsin
$1.88M – – –
Invesco
22
Invesco
Georgia
$1.49M +$1.59M +47,714 New
VIM
23
Vista Investment Management
Pennsylvania
$1.44M -$4.81K -144 -0.3%
JFGIW
24
Johnson Financial Group Inc (Wisconsin)
Wisconsin
$1.38M +$1.42M +42,431 +2,169%
BCM
25
BHZ Capital Management
California
$1.37M -$2.6M -77,961 -64%
1
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FBIZ Hedge Fund Activity: Q2 2022 in Review

90 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in First Business Financial Services (FBIZ) for Q2 2022, worth a combined $172M — up 0.76% from $171M a quarter earlier.

Buyers outnumbered sellers: 24 funds opened new FBIZ positions and 9 closed out — a net gain of 15 holders — while 32 added to existing stakes and 19 trimmed.

The largest buyer was BlackRock, adding an estimated $11.7M. The largest seller was Fourthstone LLC, exiting entirely with an estimated $5.57M sold.

  • 90 institutional investors held First Business Financial Services (FBIZ) as of Q2 2022, up from 77 in Q1 2022.
  • Funds reported $172M of First Business Financial Services stock for Q2 2022, up 0.76% quarter-over-quarter.
  • 24 funds opened new First Business Financial Services positions in Q2 2022 and 9 closed out, a net change of +15 holders.
  • The largest First Business Financial Services buyer in Q2 2022 was BlackRock, an estimated $11.7M added.
  • The largest First Business Financial Services seller in Q2 2022 was Fourthstone LLC, an estimated $5.57M sold.

Based on aggregated 13F filings for Q2 2022.