First Business Financial Services
FBIZ
136 hedge funds and large institutions have $292M invested in First Business Financial Services in 2025 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 48 increasing their positions, 35 reducing their positions, and 8 closing their positions.
238% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 8
37% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 35
16% more funds holding
Funds holding: 117 → 136 (+19)
2% more capital invested
Capital invested by funds: $285M → $292M (+$6.95M)
0.82% more ownership
Funds ownership: 67.66% → 68.48% (+0.82%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AQR Capital Management
Greenwich,
Connecticut
|
+$3.02M |
| 2 |
Geode Capital Management
Boston,
Massachusetts
|
+$2.22M |
| 3 |
LSV Asset Management
Chicago,
Illinois
|
+$1.96M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.56M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
+$1.37M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFC
Banc Funds Company
Chicago,
Illinois
|
-$3.63M |
| 2 |
BlackRock
New York
|
-$3.3M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$2.5M |
| 4 |
MI
M3F Inc
Salt Lake City,
Utah
|
-$1.54M |
| 5 |
FBFS
First Business Financial Services
Madison,
Wisconsin
|
-$1.04M |
FBIZ Hedge Fund Activity: Q3 2025 in Review
136 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in First Business Financial Services (FBIZ) for Q3 2025, worth a combined $292M — up 2.4% from $285M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new FBIZ positions and 8 closed out — a net gain of 19 holders — while 48 added to existing stakes and 35 trimmed.
The largest buyer was AQR Capital Management, adding an estimated $3.02M. The largest seller was Banc Funds Company, cutting an estimated $3.63M.
- 136 institutional investors held First Business Financial Services (FBIZ) as of Q3 2025, up from 117 in Q2 2025.
- Funds reported $292M of First Business Financial Services stock for Q3 2025, up 2.4% quarter-over-quarter.
- 27 funds opened new First Business Financial Services positions in Q3 2025 and 8 closed out, a net change of +19 holders.
- The largest First Business Financial Services buyer in Q3 2025 was AQR Capital Management, an estimated $3.02M added.
- The largest First Business Financial Services seller in Q3 2025 was Banc Funds Company, an estimated $3.63M sold.
Based on aggregated 13F filings for Q3 2025.