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First Business Financial Services

117 hedge funds and large institutions have $285M invested in First Business Financial Services in 2025 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 43 increasing their positions, 37 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

16% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 37

8% more capital invested

Capital invested by funds: $264M → $285M (+$21.2M)

8% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 13

1% more funds holding

Funds holding: 116117 (+1)

0.2% more ownership

Funds ownership: 67.46%67.66% (+0.2%)

0% more funds holding in top 10

Funds holding in top 10: 22 (0)

Holders
117
Holders Change
+1
Holders Change %
+0.86%
% of All Funds
1.54%
Holding in Top 10
2
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.03%
New
14
Increased
43
Reduced
37
Closed
13
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
BlackRock
1
BlackRock
New York
$48M -$2.8M -58,343 -6%
Dimensional Fund Advisors
2
Dimensional Fund Advisors
Texas
$25.8M -$291K -6,066 -1%
Vanguard Group
3
Vanguard Group
Pennsylvania
$22.9M +$91.2K +1,902 +0.4%
FBFS
4
First Business Financial Services
Wisconsin
$20M +$32.2K +672 +0.2%
BFC
5
Banc Funds Company
Illinois
$13.4M -$470K -9,800 -4%
Manulife (Manufacturers Life Insurance)
6
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$13.2M -$268K -5,587 -2%
Geode Capital Management
7
Geode Capital Management
Massachusetts
$9.39M +$374K +7,797 +4%
American Century Companies
8
American Century Companies
Missouri
$8.69M +$1.21M +25,260 +17%
CCM
9
Cutler Capital Management
Massachusetts
$7.89M +$19.2K +400 +0.3%
State Street
10
State Street
Massachusetts
$7.89M +$514K +10,710 +7%
Renaissance Technologies
11
Renaissance Technologies
New York
$7.63M +$403K +8,400 +6%
PRCP
12
Pacific Ridge Capital Partners
Oregon
$7.49M -$104K -2,179 -1%
HIM
13
Hillsdale Investment Management
Ontario, Canada
$5.27M +$1.14M +23,800 +30%
MI
14
M3F Inc
Utah
$4.89M +$141K +2,943 +3%
DLP
15
De Lisle Partners
United Kingdom
$4.49M +$671K +14,000 +19%
LSV Asset Management
16
LSV Asset Management
Illinois
$4.36M
BCM
17
Bridgeway Capital Management
Texas
$4.15M -$243K -5,066 -6%
Northern Trust
18
Northern Trust
Illinois
$4.07M -$340K -7,097 -8%
AllianceBernstein
19
AllianceBernstein
Tennessee
$3.64M -$910K -18,980 -21%
Federated Hermes
20
Federated Hermes
Pennsylvania
$3.61M +$46.8K +975 +1%
PCM
21
Poehling Capital Management
Wisconsin
$2.95M
Invesco
22
Invesco
Georgia
$2.95M +$19.2K +400 +0.7%
VIM
23
Vista Investment Management
Pennsylvania
$2.71M -$13.7K -285 -0.5%
Morgan Stanley
24
Morgan Stanley
New York
$2.43M +$409K +8,533 +22%
Acadian Asset Management
25
Acadian Asset Management
Massachusetts
$2.32M -$159K -3,310 -7%

FBIZ Hedge Fund Activity: Q2 2025 in Review

117 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in First Business Financial Services (FBIZ) for Q2 2025, worth a combined $285M — up 8% from $264M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new FBIZ positions and 13 closed out — a net gain of 1 holder — while 43 added to existing stakes and 37 trimmed.

The largest buyer was American Century Companies, adding an estimated $1.21M. The largest seller was BlackRock, cutting an estimated $2.8M.

  • 117 institutional investors held First Business Financial Services (FBIZ) as of Q2 2025, up from 116 in Q1 2025.
  • Funds reported $285M of First Business Financial Services stock for Q2 2025, up 8% quarter-over-quarter.
  • 14 funds opened new First Business Financial Services positions in Q2 2025 and 13 closed out, a net change of +1 holder.
  • The largest First Business Financial Services buyer in Q2 2025 was American Century Companies, an estimated $1.21M added.
  • The largest First Business Financial Services seller in Q2 2025 was BlackRock, an estimated $2.8M sold.

Based on aggregated 13F filings for Q2 2025.