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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, Q3 2023

Institutional positions in First Business Financial Services, Inc. as of Sep 30, 2023. 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
82
+3 vs. Q2 2023
Shares held
5.20M
−52.6K (−1.0%) vs. Q2 2023
Total value
$156.1M
+$1.10M (+0.7%) vs. Q2 2023
New holders
7
21 more added
Sold out
4
30 more reduced

1 institution that held it in Q2 2023 haven't filed for Q3 2023 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q2 2023: 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 holdersQ3 2023: 82 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 heldQ3 2023: $156.1M
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, Q3 2023

Shares, value and share of portfolio for each institution holding First Business Financial Services, Inc.; share changes are against Q2 2023.

Institutions holding FBIZ in Q3 2023
InstitutionSharesValue% of portfolioChange in sharesAction
BlackRock Inc.638,185$19.2M0.00%−18,048−2.8%Reduced
Dimensional Fund Advisors LP526,089$15.8M0.01%−395−0.1%Reduced
Banc Funds Co LLC458,694$13.8M1.61%00.0%Unchanged
First Business Financial Services, Inc.355,552$10.7M1.36%−7,343−2.0%Reduced
Vanguard Group Inc350,008$10.5M0.00%+5,167+1.5%Added
Manufacturers Life Insurance Company, The299,237$8.98M0.01%−9,756−3.2%Reduced
M3F, Inc.255,296$7.66M2.56%−640−0.3%Reduced
Pacific Ridge Capital Partners, LLC169,134$5.08M1.18%+4,513+2.7%Added
Renaissance Technologies LLC152,965$4.59M0.01%−1,500−1.0%Reduced
Geode Capital Management, LLC152,280$4.57M0.00%+9,211+6.4%Added
Cutler Capital Management, LLC152,170$4.57M2.06%+754+0.5%Added
Franklin Resources Inc130,788$3.92M0.00%+90+0.1%Added
Alliancebernstein L.P.127,200$3.82M0.00%−4,923−3.7%Reduced
State Street Corp116,076$3.48M0.00%−100−0.1%Reduced
LSV Asset Management109,225$3.28M0.01%00.0%Unchanged
Northern Trust Corp100,025$3.00M0.00%+1,412+1.4%Added
River Oaks Capital LLC94,600$2.84M4.18%−2,583−2.7%Reduced
Hotchkis & Wiley Capital Management LLC85,869$2.58M0.01%+1,800+2.1%Added
Bridgeway Capital Management, LLC80,158$2.41M0.06%+2,844+3.7%Added
American Century Companies Inc66,095$1.98M0.00%+290.0%Added
Federated Hermes, Inc.63,039$1.89M0.01%−792−1.2%Reduced
Poehling Capital Management, LLC58,327$1.75M0.61%00.0%Unchanged
Acadian Asset Management LLC52,398$1.57M0.01%00.0%Unchanged
Vista Investment Management52,109$1.56M0.82%−123−0.2%Reduced
John W. Rosenthal Capital Management, Inc.45,000$1.35M1.82%00.0%Unchanged
Bank of New York Mellon Corp38,232$1.15M0.00%+85+0.2%Added
Goldman Sachs Group Inc35,381$1.06M0.00%−3,277−8.5%Reduced
Uncommon Cents Investing LLC34,770$1.04M0.38%−130−0.4%Reduced
Empowered Funds, LLC34,758$1.04M0.03%+2,844+8.9%Added
Gator Capital Management, LLC23,850$715.7K0.51%00.0%Unchanged
Johnson Financial Group, Inc.21,216$636.7K0.04%00.0%Unchanged
Charles Schwab Investment Management Inc20,683$620.7K0.00%00.0%Unchanged
Barclays PLC19,726$592.0K0.00%−385−1.9%Reduced
Morgan Stanley19,653$589.8K0.00%−1,884−8.7%Reduced
Nuveen Asset Management, LLC18,599$558.2K0.00%00.0%Unchanged
Price T Rowe Associates Inc18,240$548.0K0.00%−4,924−21.3%Reduced
Martingale Asset Management L P14,623$438.8K0.01%00.0%Unchanged
Riverwater Partners LLC14,108$423.4K0.38%+6,641+88.9%Added
HSBC Holdings PLC14,287$423.3K0.00%−477−3.2%Reduced
Invesco Ltd.14,027$421.0K0.00%+96+0.7%Added
Royal Bank of Canada13,555$407.0K0.00%+349+2.6%Added
Wealth Enhancement Advisory Services, LLC12,816$384.6K0.00%+12,816New
Rhumbline Advisers11,524$345.8K0.00%+44+0.4%Added
Millennium Management LLC11,245$337.5K0.00%+11,245New
Ameriprise Financial Inc10,846$325.5K0.00%00.0%Unchanged
Globeflex Capital L P10,795$324.0K0.04%00.0%Unchanged
Baird Financial Group, Inc.10,400$312.1K0.00%+1,000+10.6%Added
Kestra Advisory Services, LLC9,200$276.1K0.00%00.0%Unchanged
Two Sigma Advisers, LP8,800$264.1K0.00%−4,400−33.3%Reduced
Bank of America Corp8,151$244.6K0.00%+338+4.3%Added
Mattern Wealth Management LLC8,000$240.1K0.07%00.0%Unchanged
Thompson Investment Management, Inc.6,020$180.7K0.03%00.0%Unchanged
JPMorgan Chase & Co5,333$160.0K0.00%−4,216−44.2%Reduced
UBS Group AG4,339$130.2K0.00%−167−3.7%Reduced
MetLife Investment Management4,273$128.2K0.00%00.0%Unchanged
American International Group, Inc.3,922$117.7K0.00%+139+3.7%Added
US Bancorp3,800$114.0K0.00%00.0%Unchanged
Russell Investments Group, Ltd.3,467$104.0K0.00%00.0%Unchanged
SG Americas Securities, LLC3,342$100.0K0.00%+3,342New
Deutsche Bank AG2,385$71.6K0.00%−3,209−57.4%Reduced
Hillsdale Investment Management Inc.2,300$69.0K0.01%−400−14.8%Reduced
New York State Common Retirement Fund2,265$68.0K0.00%+2+0.1%Added
Wells Fargo & Company1,938$58.1K0.00%−1,052−35.2%Reduced
California State Teachers Retirement System1,734$52.0K0.00%−880−33.7%Reduced
Allspring Global Investments Holdings, LLC1,669$50.1K0.00%−1,646−49.7%Reduced
Tower Research Capital LLC (TRC)1,447$43.4K0.00%+1,172+426.2%Added
BNP Paribas Arbitrage, SA1,385$41.6K0.00%−822−37.2%Reduced
Mendota Financial Group, LLC800$24.0K0.03%00.0%Unchanged
Amalgamated Bank783$23.0K0.00%00.0%Unchanged
Legal & General Group Plc683$20.5K0.00%−133−16.3%Reduced
Ameritas Investment Partners, Inc.601$18.0K0.00%00.0%Unchanged
FMR LLC551$16.5K0.00%+145+35.7%Added
Metropolitan Life Insurance Co496$14.9K0.00%00.0%Unchanged
Citigroup Inc352$10.6K0.00%−2,276−86.6%Reduced
Harbour Investments, Inc.266$7.98K0.00%−42−13.6%Reduced
Atwood & Palmer Inc200$6.00K0.00%00.0%Unchanged
Aquatic Capital Management LLC200$6.00K0.00%00.0%Unchanged
West Tower Group, LLC184$5.52K0.00%+184New
Covestor Ltd43$1.00K0.00%−14−24.6%Reduced
Carmel Capital Partners, LLC25$7500.00%+25New
The PNC Financial Services Group, Inc.19$5700.00%+19New
Qube Research & Technologies Ltd3$900.00%+3New
First Trust Advisors LP0$00.00%−22,664−100.0%Sold out
Bank of Montreal0$00.00%−18,111−100.0%Sold out
Lazard Asset Management LLC0$00.00%−1,404−100.0%Sold out
Advisor Group Holdings, Inc.0$00.00%−148−100.0%Sold out
EA Series Trust––––Not filed