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First Business Financial Services
FBIZ

89 hedge funds and large institutions have $177M invested in First Business Financial Services in 2022 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 29 increasing their positions, 28 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

80% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 5

3% more funds holding

Funds holding: 86 → 89 (+3)

4% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 28

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

2% less capital invested

Capital invested by funds: $180M → $177M (-$3.34M)

2.03% less ownership

Funds ownership: 65.72% → 63.69% (-2%)

Holders
89
Holders Change
+3
Holders Change %
+3.49%
% of All Funds
1.43%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
9
Increased
29
Reduced
28
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
BlackRock
BlackRock
New York
+$2.18M
2
Millennium Management
Millennium Management
New York
+$1.27M
3
Federated Hermes
Federated Hermes
Pennsylvania
+$547K
4
State Street
State Street
Massachusetts
+$406K
5
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$388K

Top Sellers

1
BFC
Banc Funds Company
Illinois
-$4.22M
2
PRCP
Pacific Ridge Capital Partners
Oregon
-$2.26M
3
Invesco
Invesco
Georgia
-$1.15M
4
AllianceBernstein
AllianceBernstein
Tennessee
-$1.11M
5
MI
M3F Inc
Utah
-$991K
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$23.5M +$2.18M +59,371 +10%
BFC
2
Banc Funds Company
Illinois
$16.8M -$4.22M -114,677 -20%
FBFS
3
First Business Financial Services
Wisconsin
$13M -$201K -5,478 -2%
Vanguard Group
4
Vanguard Group
Pennsylvania
$12.5M +$64.5K +1,755 +0.5%
Manulife (Manufacturers Life Insurance)
5
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$11.5M -$465K -12,638 -4%
MI
6
M3F Inc
Utah
$10.3M -$991K -26,955 -9%
Renaissance Technologies
7
Renaissance Technologies
New York
$6.39M +$215K +5,848 +3%
Geode Capital Management
8
Geode Capital Management
Massachusetts
$5.01M +$349K +9,483 +7%
PRCP
9
Pacific Ridge Capital Partners
Oregon
$5.01M -$2.26M -61,358 -31%
CCM
10
Cutler Capital Management
Massachusetts
$4.96M – – –
Franklin Resources
11
Franklin Resources
California
$4.77M +$1.66K +45 +0%
AllianceBernstein
12
AllianceBernstein
Tennessee
$4.67M -$1.11M -30,291 -19%
ROC
13
River Oaks Capital
Minnesota
$4.45M -$199K -5,400 -4%
State Street
14
State Street
Massachusetts
$3.89M +$406K +11,041 +12%
Northern Trust
15
Northern Trust
Illinois
$3.6M -$21K -570 -0.6%
LSV Asset Management
16
LSV Asset Management
Illinois
$3.36M -$10.3K -280 -0.3%
BCM
17
Bridgeway Capital Management
Texas
$2.88M – – –
Acadian Asset Management
18
Acadian Asset Management
Massachusetts
$2.56M -$353K -9,587 -12%
Hotchkis & Wiley Capital Management
19
Hotchkis & Wiley Capital Management
California
$2.56M -$126K -3,420 -5%
PCM
20
Poehling Capital Management
Wisconsin
$2.13M – – –
American Century Companies
21
American Century Companies
Missouri
$2.02M +$384K +10,440 +23%
RHCA
22
Rosenthal Henry Capital Advisors
Indiana
$1.83M – – –
VIM
23
Vista Investment Management
Pennsylvania
$1.73M +$993 +27 +0.1%
Federated Hermes
24
Federated Hermes
Pennsylvania
$1.68M +$547K +14,867 +48%
Bank of New York Mellon
25
Bank of New York Mellon
New York
$1.45M +$66.6K +1,810 +5%
1
2 3 4

FBIZ Hedge Fund Activity: Q4 2022 in Review

89 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in First Business Financial Services (FBIZ) for Q4 2022, worth a combined $177M — down 1.9% from $180M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new FBIZ positions and 5 closed out — a net gain of 4 holders — while 29 added to existing stakes and 28 trimmed.

The largest buyer was BlackRock, adding an estimated $2.18M. The largest seller was Banc Funds Company, cutting an estimated $4.22M.

  • 89 institutional investors held First Business Financial Services (FBIZ) as of Q4 2022, up from 86 in Q3 2022.
  • Funds reported $177M of First Business Financial Services stock for Q4 2022, down 1.9% quarter-over-quarter.
  • 9 funds opened new First Business Financial Services positions in Q4 2022 and 5 closed out, a net change of +4 holders.
  • The largest First Business Financial Services buyer in Q4 2022 was BlackRock, an estimated $2.18M added.
  • The largest First Business Financial Services seller in Q4 2022 was Banc Funds Company, an estimated $4.22M sold.

Based on aggregated 13F filings for Q4 2022.