First Business Financial Services
FBIZ
85 hedge funds and large institutions have $163M invested in First Business Financial Services in 2023 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 33 increasing their positions, 27 reducing their positions, and 6 closing their positions.
22% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 27
6.47% more ownership
Funds ownership: 57.44% → 63.91% (+6.5%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3% less funds holding
Funds holding: 88 → 85 (-3)
8% less capital invested
Capital invested by funds: $177M → $163M (-$14.2M)
50% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PRCP
Pacific Ridge Capital Partners
Lake Oswego,
Oregon
|
+$662K |
| 2 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$650K |
| 3 |
LSV Asset Management
Chicago,
Illinois
|
+$499K |
| 4 |
American Century Companies
Kansas City,
Missouri
|
+$360K |
| 5 |
CCM
Cutler Capital Management
Worcester,
Massachusetts
|
+$331K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EI
EAM Investors
Solana Beach,
California
|
-$1.18M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
-$787K |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
-$507K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$428K |
| 5 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
-$413K |
FBIZ Hedge Fund Activity: Q1 2023 in Review
85 of the 6,284 institutional investors tracked by Wall St. Rank reported a position in First Business Financial Services (FBIZ) for Q1 2023, worth a combined $163M — down 8% from $177M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of FBIZ and 3 opened new positions — a net loss of 3 holders — while 27 trimmed existing stakes and 33 added.
The largest buyer was Pacific Ridge Capital Partners, adding an estimated $662K. The largest seller was EAM Investors, exiting entirely with an estimated $1.18M sold.
- 85 institutional investors held First Business Financial Services (FBIZ) as of Q1 2023, down from 88 in Q4 2022.
- Funds reported $163M of First Business Financial Services stock for Q1 2023, down 8% quarter-over-quarter.
- 3 funds opened new First Business Financial Services positions in Q1 2023 and 6 closed out, a net change of -3 holders.
- The largest First Business Financial Services buyer in Q1 2023 was Pacific Ridge Capital Partners, an estimated $662K added.
- The largest First Business Financial Services seller in Q1 2023 was EAM Investors, an estimated $1.18M sold.
Based on aggregated 13F filings for Q1 2023.