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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, Q4 2022

Institutional positions in First Business Financial Services, Inc. as of Dec 31, 2022. 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
89
+4 vs. Q3 2022
Shares held
5.37M
−193.2K (−3.5%) vs. Q3 2022
Total value
$196.2M
+$16.3M (+9.0%) vs. Q3 2022
New holders
9
29 more added
Sold out
5
28 more reduced

1 institution that held it in Q3 2022 haven't filed for Q4 2022 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2022: 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 holdersQ4 2022: 89 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 heldQ4 2022: $196.2M
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, Q4 2022

Shares, value and share of portfolio for each institution holding First Business Financial Services, Inc.; share changes are against Q3 2022.

Institutions holding FBIZ in Q4 2022
InstitutionSharesValue% of portfolioChange in sharesAction
BlackRock Inc.643,571$23.5M0.00%+59,371+10.2%Added
Dimensional Fund Advisors LP527,091$19.3M0.01%+10,546+2.0%Added
Banc Funds Co LLC458,694$16.8M1.48%−114,677−20.0%Reduced
First Business Financial Services, Inc.355,045$13.0M1.74%−5,478−1.5%Reduced
Vanguard Group Inc342,884$12.5M0.00%+1,755+0.5%Added
Manufacturers Life Insurance Company, The315,724$11.5M0.01%−12,638−3.8%Reduced
M3F, Inc.282,489$10.3M3.16%−26,955−8.7%Reduced
Renaissance Technologies LLC174,765$6.39M0.01%+5,848+3.5%Added
Geode Capital Management, LLC137,123$5.01M0.00%+9,483+7.4%Added
Pacific Ridge Capital Partners, LLC137,005$5.01M1.18%−61,358−30.9%Reduced
Cutler Capital Management, LLC135,750$4.96M2.04%00.0%Unchanged
Franklin Resources Inc130,635$4.77M0.00%+450.0%Added
Alliancebernstein L.P.127,837$4.67M0.00%−30,291−19.2%Reduced
River Oaks Capital LLC121,800$4.45M5.07%−5,400−4.2%Reduced
State Street Corp106,360$3.89M0.00%+11,041+11.6%Added
Northern Trust Corp98,395$3.60M0.00%−570−0.6%Reduced
LSV Asset Management91,845$3.36M0.01%−280−0.3%Reduced
Bridgeway Capital Management, LLC78,708$2.88M0.07%00.0%Unchanged
Acadian Asset Management LLC70,206$2.56M0.01%−9,587−12.0%Reduced
Hotchkis & Wiley Capital Management LLC69,979$2.56M0.01%−3,420−4.7%Reduced
Poehling Capital Management, LLC58,327$2.13M0.80%00.0%Unchanged
American Century Companies Inc55,188$2.02M0.00%+10,440+23.3%Added
John W. Rosenthal Capital Management, Inc.50,000$1.83M1.64%00.0%Unchanged
Vista Investment Management47,374$1.73M0.99%+27+0.1%Added
Federated Hermes, Inc.45,924$1.68M0.00%+14,867+47.9%Added
Bank of New York Mellon Corp39,686$1.45M0.00%+1,810+4.8%Added
Uncommon Cents Investing LLC35,425$1.29M0.48%00.0%Unchanged
Millennium Management LLC34,401$1.26M0.00%+34,401New
EAM Investors, LLC32,334$1.18M0.24%−101−0.3%Reduced
Nuveen Asset Management, LLC26,913$984.0K0.00%−3,999−12.9%Reduced
Goldman Sachs Group Inc26,241$959.1K0.00%+3,172+13.8%Added
First Trust Advisors LP24,920$910.8K0.00%−24,772−49.9%Reduced
Gator Capital Management, LLC23,850$871.7K0.64%00.0%Unchanged
Johnson Financial Group, Inc.23,172$846.9K0.07%−21,215−47.8%Reduced
Morgan Stanley22,952$838.9K0.00%+2,381+11.6%Added
AQR Capital Management LLC21,544$787.4K0.00%−17,366−44.6%Reduced
Two Sigma Investments, LP21,215$775.4K0.00%+296+1.4%Added
Panagora Asset Management Inc20,965$766.3K0.01%−2,345−10.1%Reduced
Price T Rowe Associates Inc20,924$765.0K0.00%+912+4.6%Added
Charles Schwab Investment Management Inc20,806$760.5K0.00%+786+3.9%Added
Barclays PLC20,590$752.6K0.00%+1,813+9.7%Added
Jacobs Levy Equity Management, Inc20,551$751.1K0.01%−900−4.2%Reduced
Bank of America Corp20,239$739.7K0.00%+3,404+20.2%Added
Two Sigma Advisers, LP19,300$705.4K0.00%+100+0.5%Added
HSBC Holdings PLC14,764$540.4K0.00%00.0%Unchanged
Wells Fargo & Company14,008$512.0K0.00%−238−1.7%Reduced
Royal Bank of Canada13,720$501.0K0.00%+935+7.3%Added
Ameriprise Financial Inc12,904$471.0K0.00%00.0%Unchanged
Invesco Ltd.12,266$448.3K0.00%−31,249−71.8%Reduced
Globeflex Capital L P12,134$443.5K0.06%00.0%Unchanged
Rhumbline Advisers11,914$435.0K0.00%+280+2.4%Added
Bailard, Inc.10,143$370.7K0.01%+10,143New
Baird Financial Group, Inc.9,740$356.0K0.00%00.0%Unchanged
JPMorgan Chase & Co9,550$348.0K0.00%+2,193+29.8%Added
Kestra Advisory Services, LLC9,200$336.3K0.00%00.0%Unchanged
Quadrature Capital Ltd8,973$328.5K0.01%+8,973New
Mattern Wealth Management LLC8,000$292.4K0.12%00.0%Unchanged
Martingale Asset Management L P7,524$275.0K0.01%+703+10.3%Added
Riverwater Partners LLC7,467$272.9K0.23%00.0%Unchanged
Northern Oak Wealth Management Inc6,238$228.0K0.03%+31+0.5%Added
D. E. Shaw & Co., Inc.6,180$225.9K0.00%−2,130−25.6%Reduced
Thompson Investment Management, Inc.6,020$220.0K0.04%+6,020New
Legato Capital Management LLC5,919$216.3K0.04%+5,919New
New York State Common Retirement Fund5,667$207.1K0.00%−7−0.1%Reduced
MetLife Investment Management4,273$156.2K0.00%00.0%Unchanged
US Bancorp3,800$138.9K0.00%00.0%Unchanged
American International Group, Inc.3,794$138.7K0.00%−14−0.4%Reduced
Deutsche Bank AG3,311$121.0K0.00%+56+1.7%Added
UBS Group AG3,289$120.2K0.00%+3,289New
California State Teachers Retirement System3,202$117.0K0.00%+36+1.1%Added
Allspring Global Investments Holdings, LLC2,764$101.0K0.00%−61−2.2%Reduced
Hillsdale Investment Management Inc.2,600$95.0K0.01%+300+13.0%Added
Tower Research Capital LLC (TRC)2,355$86.0K0.00%+1,743+284.8%Added
Lazard Asset Management LLC1,404$51.0K0.00%00.0%Unchanged
BNP Paribas Arbitrage, SA1,320$48.2K0.00%−3,089−70.1%Reduced
Amalgamated Bank1,016$37.0K0.00%00.0%Unchanged
Legal & General Group Plc816$29.8K0.00%00.0%Unchanged
Mendota Financial Group, LLC800$29.2K0.04%+800New
Dorsey Wright & Associates794$29.0K0.01%+794New
Ameritas Investment Partners, Inc.601$20.3K0.00%00.0%Unchanged
Metropolitan Life Insurance Co496$18.1K0.00%00.0%Unchanged
Harbour Investments, Inc.308$11.3K0.00%00.0%Unchanged
Aquatic Capital Management LLC300$11.0K0.00%+300New
Atwood & Palmer Inc200$7.31K0.00%00.0%Unchanged
Advisor Group Holdings, Inc.146$5.00K0.00%−595−80.3%Reduced
FMR LLC121$4.42K0.00%+16+15.2%Added
JCSD Capital, LLC100$3.65K0.00%00.0%Unchanged
Covestor Ltd72$3.00K0.00%−14−16.3%Reduced
Citigroup Inc62$2.27K0.00%−61−49.6%Reduced
BHZ Capital Management, LP0$00.00%−11,279−100.0%Sold out
Citadel Advisors LLC0$00.00%−9,528−100.0%Sold out
Trexquant Investment LP0$00.00%−7,635−100.0%Sold out
Public Employees Retirement System of Ohio0$00.00%−900−100.0%Sold out
Credit Suisse AG0$00.00%−44−100.0%Sold out
Eidelman Virant Capital––––Not filed