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First Business Financial Services
FBIZ

94 hedge funds and large institutions have $241M invested in First Business Financial Services in 2024 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 38 increasing their positions, 22 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)

86% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 7

73% more repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 22

25% more capital invested

Capital invested by funds: $193M → $241M (+$48.8M)

7% more funds holding

Funds holding: 88 → 94 (+6)

1.01% more ownership

Funds ownership: 62.81% → 63.82% (+1%)

Holders
94
Holders Change
+6
Holders Change %
+6.82%
% of All Funds
1.35%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
13
Increased
38
Reduced
22
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
BlackRock
BlackRock
New York
+$1.86M
2
SBH
Segall Bryant & Hamill
Illinois
+$1.54M
3
Vanguard Group
Vanguard Group
Pennsylvania
+$1.07M
4
DLP
De Lisle Partners
United Kingdom
+$853K
5
JP Morgan Chase
JP Morgan Chase
New York
+$780K

Top Sellers

1
MI
M3F Inc
Utah
-$2.69M
2
BFC
Banc Funds Company
Illinois
-$1.6M
3
Hotchkis & Wiley Capital Management
Hotchkis & Wiley Capital Management
California
-$914K
4
Invesco
Invesco
Georgia
-$669K
5
Franklin Resources
Franklin Resources
California
-$634K
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$33M +$1.86M +43,935 +6%
Dimensional Fund Advisors
2
Dimensional Fund Advisors
Texas
$24.5M -$5.75K -136 -0%
Vanguard Group
3
Vanguard Group
Pennsylvania
$18.7M +$1.07M +25,421 +7%
BFC
4
Banc Funds Company
Illinois
$18.3M -$1.6M -37,904 -9%
FBFS
5
First Business Financial Services
Wisconsin
$16.7M +$515K +12,194 +3%
Manulife (Manufacturers Life Insurance)
6
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$12.2M -$318K -7,531 -3%
Geode Capital Management
7
Geode Capital Management
Massachusetts
$7.91M +$93K +2,200 +1%
Renaissance Technologies
8
Renaissance Technologies
New York
$7.37M +$338K +8,000 +5%
MI
9
M3F Inc
Utah
$7.04M -$2.69M -63,781 -29%
CCM
10
Cutler Capital Management
Massachusetts
$7M – – –
PRCP
11
Pacific Ridge Capital Partners
Oregon
$6.92M -$472K -11,180 -7%
State Street
12
State Street
Massachusetts
$6.23M +$110K +2,607 +2%
LSV Asset Management
13
LSV Asset Management
Illinois
$4.8M -$161K -3,800 -3%
AllianceBernstein
14
AllianceBernstein
Tennessee
$4.78M -$561K -13,287 -11%
Northern Trust
15
Northern Trust
Illinois
$4.21M +$2.45K +58 +0.1%
BCM
16
Bridgeway Capital Management
Texas
$4.02M -$54.8K -1,296 -1%
Franklin Resources
17
Franklin Resources
California
$3.95M -$634K -15,009 -14%
American Century Companies
18
American Century Companies
Missouri
$3.56M +$477K +11,294 +17%
DLP
19
De Lisle Partners
United Kingdom
$3.04M +$853K +20,183 +43%
Federated Hermes
20
Federated Hermes
Pennsylvania
$3.04M +$6.76K +160 +0.2%
Hotchkis & Wiley Capital Management
21
Hotchkis & Wiley Capital Management
California
$3M -$914K -21,630 -25%
PCM
22
Poehling Capital Management
Wisconsin
$2.66M – – –
VIM
23
Vista Investment Management
Pennsylvania
$2.63M +$15K +355 +0.6%
Acadian Asset Management
24
Acadian Asset Management
Massachusetts
$2.58M +$180K +4,255 +8%
RHCA
25
Rosenthal Henry Capital Advisors
Indiana
$2.05M – – –
1
2 3 4 5

FBIZ Hedge Fund Activity: Q3 2024 in Review

94 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in First Business Financial Services (FBIZ) for Q3 2024, worth a combined $241M — up 25% from $193M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new FBIZ positions and 7 closed out — a net gain of 6 holders — while 38 added to existing stakes and 22 trimmed.

The largest buyer was BlackRock, adding an estimated $1.86M. The largest seller was M3F Inc, cutting an estimated $2.69M.

  • 94 institutional investors held First Business Financial Services (FBIZ) as of Q3 2024, up from 88 in Q2 2024.
  • Funds reported $241M of First Business Financial Services stock for Q3 2024, up 25% quarter-over-quarter.
  • 13 funds opened new First Business Financial Services positions in Q3 2024 and 7 closed out, a net change of +6 holders.
  • The largest First Business Financial Services buyer in Q3 2024 was BlackRock, an estimated $1.86M added.
  • The largest First Business Financial Services seller in Q3 2024 was M3F Inc, an estimated $2.69M sold.

Based on aggregated 13F filings for Q3 2024.