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First Business Financial Services
FBIZ

84 hedge funds and large institutions have $208M invested in First Business Financial Services in 2023 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 31 increasing their positions, 23 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 5

35% more repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 23

33% more capital invested

Capital invested by funds: $156M → $208M (+$52.1M)

2% more funds holding

Funds holding: 82 → 84 (+2)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0.12% less ownership

Funds ownership: 62.53% → 62.42% (-0.12%)

Holders
84
Holders Change
+2
Holders Change %
+2.44%
% of All Funds
1.22%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
8
Increased
31
Reduced
23
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$1.71M
2
Morgan Stanley
Morgan Stanley
New York
+$1.42M
3
EI
EAM Investors
California
+$615K
4
GCP
GSA Capital Partners
United Kingdom
+$315K
5
Barclays
Barclays
United Kingdom
+$285K

Top Sellers

Rank Fund Capital Flow
1
MI
M3F Inc
Utah
-$1.21M
2
JFGIW
Johnson Financial Group Inc (Wisconsin)
Wisconsin
-$637K
3
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
-$392K
4
AllianceBernstein
AllianceBernstein
Tennessee
-$339K
5
FBFS
First Business Financial Services
Wisconsin
-$203K
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$27.6M +$1.71M +50,900 +8%
Dimensional Fund Advisors
2
Dimensional Fund Advisors
Texas
$21.1M -$13.7K -406 -0.1%
BFC
3
Banc Funds Company
Illinois
$18.4M – – –
Vanguard Group
4
Vanguard Group
Pennsylvania
$14.2M +$120K +3,563 +1%
FBFS
5
First Business Financial Services
Wisconsin
$14M -$203K -6,030 -2%
Manulife (Manufacturers Life Insurance)
6
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$11.5M -$392K -11,641 -4%
MI
7
M3F Inc
Utah
$8.8M -$1.21M -35,955 -14%
PRCP
8
Pacific Ridge Capital Partners
Oregon
$6.7M -$71.5K -2,125 -1%
Geode Capital Management
9
Geode Capital Management
Massachusetts
$6.25M +$116K +3,451 +2%
CCM
10
Cutler Capital Management
Massachusetts
$6.12M +$11.6K +344 +0.2%
Renaissance Technologies
11
Renaissance Technologies
New York
$6.1M -$29.9K -888 -0.6%
Franklin Resources
12
Franklin Resources
California
$5.25M +$1.21K +36 +0%
State Street
13
State Street
Massachusetts
$4.72M +$53.8K +1,598 +1%
AllianceBernstein
14
AllianceBernstein
Tennessee
$4.7M -$339K -10,068 -8%
LSV Asset Management
15
LSV Asset Management
Illinois
$4.38M – – –
Northern Trust
16
Northern Trust
Illinois
$4.09M +$64.5K +1,917 +2%
BCM
17
Bridgeway Capital Management
Texas
$3.35M +$113K +3,368 +4%
Hotchkis & Wiley Capital Management
18
Hotchkis & Wiley Capital Management
California
$3.32M -$101K -3,000 -3%
American Century Companies
19
American Century Companies
Missouri
$2.65M +$707 +21 +0%
Federated Hermes
20
Federated Hermes
Pennsylvania
$2.63M +$82.2K +2,444 +4%
Morgan Stanley
21
Morgan Stanley
New York
$2.48M +$1.42M +42,151 +214%
PCM
22
Poehling Capital Management
Wisconsin
$2.34M – – –
VIM
23
Vista Investment Management
Pennsylvania
$2.1M +$10.1K +301 +0.6%
Acadian Asset Management
24
Acadian Asset Management
Massachusetts
$2.1M – – –
RHCA
25
Rosenthal Henry Capital Advisors
Indiana
$1.8M – – –
1
2 3 4

FBIZ Hedge Fund Activity: Q4 2023 in Review

84 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in First Business Financial Services (FBIZ) for Q4 2023, worth a combined $208M — up 33% from $156M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new FBIZ positions and 5 closed out — a net gain of 3 holders — while 31 added to existing stakes and 23 trimmed.

The largest buyer was BlackRock, adding an estimated $1.71M. The largest seller was M3F Inc, cutting an estimated $1.21M.

  • 84 institutional investors held First Business Financial Services (FBIZ) as of Q4 2023, up from 82 in Q3 2023.
  • Funds reported $208M of First Business Financial Services stock for Q4 2023, up 33% quarter-over-quarter.
  • 8 funds opened new First Business Financial Services positions in Q4 2023 and 5 closed out, a net change of +3 holders.
  • The largest First Business Financial Services buyer in Q4 2023 was BlackRock, an estimated $1.71M added.
  • The largest First Business Financial Services seller in Q4 2023 was M3F Inc, an estimated $1.21M sold.

Based on aggregated 13F filings for Q4 2023.