Skip to main content

First Business Financial Services, Inc.

FBIZ
Exchange
Nasdaq
Industry
State Commercial Banks
SEC CIK
0001521951

In the last 90 days, First Business Financial Services, Inc. insiders filed 0 open-market purchases and 1 sale; 141 institutions reported holding it in 13F filings for Q2 2026, worth $375.1M in total; no superinvestor holds it.

13F holders, Q2 2026

Institutional positions in First Business Financial Services, Inc. as of Jun 30, 2026. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
141
−2 vs. Q1 2026
Shares held
5.94M
+172.1K (+3.0%) vs. Q1 2026
Total value
$375.1M
+$63.7M (+20.5%) vs. Q1 2026
New holders
11
65 more added
Sold out
13
40 more reduced

1 institution that held it in Q1 2026 haven't filed for Q2 2026 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q1 2026: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting FBIZ on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ2 2026: 141 institutions
Q1 2021: 77 institutionsQ2 2021: 78 institutionsQ3 2021: 76 institutionsQ4 2021: 75 institutionsQ1 2022: 77 institutionsQ2 2022: 90 institutionsQ3 2022: 86 institutionsQ4 2022: 89 institutionsQ1 2023: 85 institutionsQ2 2023: 80 institutionsQ3 2023: 82 institutionsQ4 2023: 84 institutionsQ1 2024: 84 institutionsQ2 2024: 88 institutionsQ3 2024: 94 institutionsQ4 2024: 104 institutionsQ1 2025: 116 institutionsQ2 2025: 117 institutionsQ3 2025: 136 institutionsQ4 2025: 139 institutionsQ1 2026: 144 institutionsQ2 2026: 141 institutions
Value heldQ2 2026: $375.1M
Q1 2021: $137.8MQ2 2021: $140.0MQ3 2021: $144.1MQ4 2021: $150.3MQ1 2022: $171.0MQ2 2022: $172.3MQ3 2022: $180.3MQ4 2022: $196.2MQ1 2023: $162.8MQ2 2023: $156.0MQ3 2023: $156.1MQ4 2023: $208.6MQ1 2024: $199.0MQ2 2024: $192.8MQ3 2024: $242.5MQ4 2024: $257.0MQ1 2025: $264.0MQ2 2025: $286.5MQ3 2025: $293.0MQ4 2025: $310.8MQ1 2026: $311.6MQ2 2026: $375.1M
Institutions holding FBIZ and their total value by quarter
QuarterHoldersValue
Q2 2026141$375.1M
Q1 2026144$311.6M
Q4 2025139$310.8M
Q3 2025136$293.0M
Q2 2025117$286.5M
Q1 2025116$264.0M
Q4 2024104$257.0M
Q3 202494$242.5M
Q2 202488$192.8M
Q1 202484$199.0M
Q4 202384$208.6M
Q3 202382$156.1M
Q2 202380$156.0M
Q1 202385$162.8M
Q4 202289$196.2M
Q3 202286$180.3M
Q2 202290$172.3M
Q1 202277$171.0M
Q4 202175$150.3M
Q3 202176$144.1M
Q2 202178$140.0M
Q1 202177$137.8M

Institutions, Q2 2026

Shares, value and share of portfolio for each institution holding First Business Financial Services, Inc.; share changes are against Q1 2026.

Institutions holding FBIZ in Q2 2026
InstitutionSharesValue% of portfolioChange in sharesAction
BlackRock, Inc.928,380$58.6M0.00%+58,178+6.7%Added
Dimensional Fund Advisors LP498,430$31.5M0.01%−1,286−0.3%Reduced
Vanguard Capital Management LLC343,482$21.7M0.00%+2,944+0.9%Added
First Business Financial Services, Inc.340,189$21.5M1.67%−21,122−5.8%Reduced
American Century Companies Inc272,788$17.2M0.01%+32,651+13.6%Added
Manufacturers Life Insurance Company, The243,005$15.4M0.01%−1,790−0.7%Reduced
Geode Capital Management, LLC214,987$13.6M0.00%+15,215+7.6%Added
State Street Corp187,371$11.8M0.00%+13,653+7.9%Added
Banc Funds Co LLC163,224$10.3M1.70%−3,000−1.8%Reduced
Cutler Capital Management, LLC154,346$9.75M2.53%−244−0.2%Reduced
LSV Asset Management141,025$8.91M0.02%−2,600−1.8%Reduced
Pacific Ridge Capital Partners, LLC139,808$8.83M1.60%−1,084−0.8%Reduced
AQR Capital Management LLC128,927$8.14M0.00%+34,300+36.2%Added
Federated Hermes, Inc.125,563$7.93M0.01%+9,430+8.1%Added
Renaissance Technologies LLC120,865$7.64M0.01%−1,600−1.3%Reduced
Vanguard Portfolio Management LLC101,542$6.41M0.00%+9,273+10.0%Added
De Lisle Partners LLP98,812$6.26M0.68%00.0%Unchanged
Hillsdale Investment Management Inc.91,671$5.79M0.13%+8,600+10.4%Added
Northern Trust Corp83,399$5.27M0.00%+3,926+4.9%Added
Bridgeway Capital Management, LLC80,557$5.09M0.09%+3,175+4.1%Added
Morgan Stanley79,994$5.05M0.00%+4,275+5.6%Added
Two Sigma Investments, LP73,566$4.65M0.00%+41,870+132.1%Added
Qube Research & Technologies Ltd61,517$3.89M0.00%+1,059+1.8%Added
Vanguard Fiduciary Trust Co54,400$3.44M0.00%+2,707+5.2%Added
Acadian Asset Management LLC53,855$3.40M0.00%00.0%Unchanged
Vista Investment Management52,349$3.31M1.00%−421−0.8%Reduced
Ameriprise Financial Inc48,817$3.08M0.00%+360+0.7%Added
Empowered Funds, LLC45,157$2.85M0.02%+3,175+7.6%Added
John W. Rosenthal Capital Management, Inc.45,000$2.84M2.49%00.0%Unchanged
Goldman Sachs Group Inc42,680$2.70M0.00%−12,719−23.0%Reduced
Alliancebernstein L.P.43,294$2.33M0.00%−15,690−26.6%Reduced
Uncommon Cents Investing LLC33,878$2.14M0.46%−125−0.4%Reduced
Bank of New York Mellon Corp32,634$2.06M0.00%+1,825+5.9%Added
Royal Bank of Canada31,243$1.97M0.00%+221+0.7%Added
First Trust Advisors LP30,700$1.94M0.00%+1,287+4.4%Added
Daytona Street Capital LLC29,623$1.88M1.37%−1,167−3.8%Reduced
Squarepoint Ops LLC28,061$1.77M0.00%+13,681+95.1%Added
Millennium Management LLC25,364$1.60M0.00%−7,811−23.5%Reduced
Kennedy Capital Management, Inc.24,280$1.53M0.03%−997−3.9%Reduced
Bank of America Corp23,989$1.52M0.00%−35−0.1%Reduced
Charles Schwab Investment Management Inc23,895$1.51M0.00%+1,522+6.8%Added
Poehling Capital Management, LLC23,848$1.51M0.32%−1,767−6.9%Reduced
Creative Planning23,415$1.48M0.00%+10,029+74.9%Added
Stifel Financial Corp23,363$1.48M0.00%+173+0.7%Added
Quantinno Capital Management LP22,724$1.44M0.00%+9,365+70.1%Added
Nuveen, LLC21,958$1.39M0.00%+2,438+12.5%Added
Baird Financial Group, Inc.21,240$1.34M0.00%00.0%Unchanged
Citadel Advisors LLC20,897$1.32M0.00%+16,441+369.0%Added
Gsa Capital Partners LLP19,167$1.21M0.08%−10,109−34.5%Reduced
Gator Capital Management, LLC17,835$1.13M0.24%−6,980−28.1%Reduced
Barclays PLC17,247$1.09M0.00%−433−2.4%Reduced
Wealth Enhancement Advisory Services, LLC15,825$1.01M0.00%+10,520+198.3%Added
US Bancorp14,500$916.0K0.00%−3,384−18.9%Reduced
BNP Paribas Arbitrage, SA14,374$908.0K0.00%+6,965+94.0%Added
Ieq Capital, LLC13,499$852.7K0.00%+5,336+65.4%Added
Connor, Clark & Lunn Investment Management Ltd.12,193$770.2K0.00%+40.0%Added
Trexquant Investment LP11,925$753.3K0.00%−2,140−15.2%Reduced
UBS Group AG10,684$674.9K0.00%−3,705−25.7%Reduced
Advisor Group Holdings, Inc.10,407$657.4K0.00%+10,336+14,557.7%Added
Rhumbline Advisers10,170$642.4K0.00%+513+5.3%Added
State of Wisconsin Investment Board10,160$641.8K0.00%−1,400−12.1%Reduced
Invesco Ltd.9,962$629.3K0.00%−458−4.4%Reduced
Russell Investments Group, Ltd.9,698$612.6K0.00%+3,737+62.7%Added
XTX Topco Ltd9,265$585.3K0.01%+5,505+146.4%Added
JPMorgan Chase & Co9,035$571.1K0.00%+1,356+17.7%Added
Man Group plc8,607$543.7K0.00%+1,852+27.4%Added
Quadrature Capital Ltd8,490$536.3K0.00%+2,458+40.7%Added
Prudential Financial Inc8,290$523.7K0.00%+1,070+14.8%Added
Occudo Quantitative Strategies LP8,179$516.7K0.03%+3,752+84.8%Added
Mattern Wealth Management LLC8,000$505.4K0.08%00.0%Unchanged
Deutsche Bank AG7,890$498.4K0.00%+751+10.5%Added
Jacobs Levy Equity Management, Inc7,700$486.4K0.00%−510−6.2%Reduced
Mercer Global Advisors Inc7,437$469.8K0.00%+2,708+57.3%Added
Engineers Gate Manager LP7,088$447.7K0.01%−3,105−30.5%Reduced
Martingale Asset Management L P7,004$442.4K0.01%00.0%Unchanged
Wells Fargo & Company6,906$436.3K0.00%+3,810+123.1%Added
Northern Oak Wealth Management Inc6,813$430.4K0.05%+41+0.6%Added
Price T Rowe Associates Inc6,641$420.0K0.00%+1,200+22.1%Added
Canada Pension Plan Investment Board6,400$404.3K0.00%00.0%Unchanged
Wealth Enhancement Trust Services, Inc.6,343$400.7K0.04%+30.0%Added
Thompson Investment Management, Inc.6,020$380.3K0.04%00.0%Unchanged
Arrowstreet Capital, Limited Partnership5,287$334.0K0.00%00.0%Unchanged
Mariner, LLC5,140$324.7K0.00%+5,140New
MetLife Investment Management5,136$324.4K0.00%+527+11.4%Added
Beese Fulmer Investment Management, Inc.4,824$304.7K0.02%+38+0.8%Added
ERn Financial, LLC4,615$291.5K0.05%00.0%Unchanged
KLCM Advisors, Inc.4,500$284.3K0.02%00.0%Unchanged
Citigroup Inc4,428$279.7K0.00%+3,286+287.7%Added
Sterling Capital Management LLC4,416$279.0K0.00%+4,163+1,645.5%Added
Jump Financial, LLC4,100$259.0K0.00%00.0%Unchanged
Sequoia Financial Advisors, LLC4,034$254.8K0.00%+4,034New
JustInvest LLC3,946$249.3K0.00%+3,946New
Integrated Quantitative Investments LLC3,906$246.7K0.04%−11,716−75.0%Reduced
Mirae Asset Global ETFs Holdings Ltd.3,725$235.3K0.00%−106−2.8%Reduced
EntryPoint Capital, LLC3,721$235.1K0.06%00.0%Unchanged
Jones Financial Companies LLLP3,702$233.9K0.00%+3,702New
Fedenia Advisers LLC3,700$233.7K0.06%+3,700New
Algert Global LLC3,584$226.4K0.00%+3,584New
Merit Financial Group, LLC3,565$225.2K0.00%+3,565New
Susquehanna Portfolio Strategies, LLC3,420$216.0K0.00%+3,420New