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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: $149.0MQ1 2022: $171.0MQ2 2022: $172.3MQ3 2022: $180.3MQ4 2022: $196.2MQ1 2023: $162.8MQ2 2023: $156.0MQ3 2023: $156.1MQ4 2023: $207.0MQ1 2024: $194.9MQ2 2024: $192.6MQ3 2024: $241.3MQ4 2024: $257.0MQ1 2025: $264.0MQ2 2025: $285.2MQ3 2025: $292.2MQ4 2025: $310.6MQ1 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$310.6M
Q3 2025136$292.2M
Q2 2025117$285.2M
Q1 2025116$264.0M
Q4 2024104$257.0M
Q3 202494$241.3M
Q2 202488$192.6M
Q1 202484$194.9M
Q4 202384$207.0M
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$149.0M
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
Qube Research & Technologies Ltd3$900.00%+3New
The PNC Financial Services Group, Inc.19$5700.00%+19New
Carmel Capital Partners, LLC25$7500.00%+25New
Covestor Ltd43$1.00K0.00%−14−24.6%Reduced
West Tower Group, LLC184$5.52K0.00%+184New
Aquatic Capital Management LLC200$6.00K0.00%00.0%Unchanged
Atwood & Palmer Inc200$6.00K0.00%00.0%Unchanged
Harbour Investments, Inc.266$7.98K0.00%−42−13.6%Reduced
Citigroup Inc352$10.6K0.00%−2,276−86.6%Reduced
Metropolitan Life Insurance Co496$14.9K0.00%00.0%Unchanged
FMR LLC551$16.5K0.00%+145+35.7%Added
Ameritas Investment Partners, Inc.601$18.0K0.00%00.0%Unchanged
Legal & General Group Plc683$20.5K0.00%−133−16.3%Reduced
Amalgamated Bank783$23.0K0.00%00.0%Unchanged
Mendota Financial Group, LLC800$24.0K0.03%00.0%Unchanged
BNP Paribas Arbitrage, SA1,385$41.6K0.00%−822−37.2%Reduced
Tower Research Capital LLC (TRC)1,447$43.4K0.00%+1,172+426.2%Added
Allspring Global Investments Holdings, LLC1,669$50.1K0.00%−1,646−49.7%Reduced
California State Teachers Retirement System1,734$52.0K0.00%−880−33.7%Reduced
Wells Fargo & Company1,938$58.1K0.00%−1,052−35.2%Reduced
New York State Common Retirement Fund2,265$68.0K0.00%+2+0.1%Added
Hillsdale Investment Management Inc.2,300$69.0K0.01%−400−14.8%Reduced
Deutsche Bank AG2,385$71.6K0.00%−3,209−57.4%Reduced
SG Americas Securities, LLC3,342$100.0K0.00%+3,342New
Russell Investments Group, Ltd.3,467$104.0K0.00%00.0%Unchanged
US Bancorp3,800$114.0K0.00%00.0%Unchanged
American International Group, Inc.3,922$117.7K0.00%+139+3.7%Added
MetLife Investment Management4,273$128.2K0.00%00.0%Unchanged
UBS Group AG4,339$130.2K0.00%−167−3.7%Reduced
JPMorgan Chase & Co5,333$160.0K0.00%−4,216−44.2%Reduced
Thompson Investment Management, Inc.6,020$180.7K0.03%00.0%Unchanged
Mattern Wealth Management LLC8,000$240.1K0.07%00.0%Unchanged
Bank of America Corp8,151$244.6K0.00%+338+4.3%Added
Two Sigma Advisers, LP8,800$264.1K0.00%−4,400−33.3%Reduced
Kestra Advisory Services, LLC9,200$276.1K0.00%00.0%Unchanged
Baird Financial Group, Inc.10,400$312.1K0.00%+1,000+10.6%Added
Globeflex Capital L P10,795$324.0K0.04%00.0%Unchanged
Ameriprise Financial Inc10,846$325.5K0.00%00.0%Unchanged
Millennium Management LLC11,245$337.5K0.00%+11,245New
Rhumbline Advisers11,524$345.8K0.00%+44+0.4%Added
Wealth Enhancement Advisory Services, LLC12,816$384.6K0.00%+12,816New
Royal Bank of Canada13,555$407.0K0.00%+349+2.6%Added
Invesco Ltd.14,027$421.0K0.00%+96+0.7%Added
HSBC Holdings PLC14,287$423.3K0.00%−477−3.2%Reduced
Riverwater Partners LLC14,108$423.4K0.38%+6,641+88.9%Added
Martingale Asset Management L P14,623$438.8K0.01%00.0%Unchanged
Price T Rowe Associates Inc18,240$548.0K0.00%−4,924−21.3%Reduced
Nuveen Asset Management, LLC18,599$558.2K0.00%00.0%Unchanged
Morgan Stanley19,653$589.8K0.00%−1,884−8.7%Reduced
Barclays PLC19,726$592.0K0.00%−385−1.9%Reduced
Charles Schwab Investment Management Inc20,683$620.7K0.00%00.0%Unchanged
Johnson Financial Group, Inc.21,216$636.7K0.04%00.0%Unchanged
Gator Capital Management, LLC23,850$715.7K0.51%00.0%Unchanged
Empowered Funds, LLC34,758$1.04M0.03%+2,844+8.9%Added
Uncommon Cents Investing LLC34,770$1.04M0.38%−130−0.4%Reduced
Goldman Sachs Group Inc35,381$1.06M0.00%−3,277−8.5%Reduced
Bank of New York Mellon Corp38,232$1.15M0.00%+85+0.2%Added
John W. Rosenthal Capital Management, Inc.45,000$1.35M1.82%00.0%Unchanged
Vista Investment Management52,109$1.56M0.82%−123−0.2%Reduced
Acadian Asset Management LLC52,398$1.57M0.01%00.0%Unchanged
Poehling Capital Management, LLC58,327$1.75M0.61%00.0%Unchanged
Federated Hermes, Inc.63,039$1.89M0.01%−792−1.2%Reduced
American Century Companies Inc66,095$1.98M0.00%+290.0%Added
Bridgeway Capital Management, LLC80,158$2.41M0.06%+2,844+3.7%Added
Hotchkis & Wiley Capital Management LLC85,869$2.58M0.01%+1,800+2.1%Added
River Oaks Capital LLC94,600$2.84M4.18%−2,583−2.7%Reduced
Northern Trust Corp100,025$3.00M0.00%+1,412+1.4%Added
LSV Asset Management109,225$3.28M0.01%00.0%Unchanged
State Street Corp116,076$3.48M0.00%−100−0.1%Reduced
Alliancebernstein L.P.127,200$3.82M0.00%−4,923−3.7%Reduced
Franklin Resources Inc130,788$3.92M0.00%+90+0.1%Added
Cutler Capital Management, LLC152,170$4.57M2.06%+754+0.5%Added
Geode Capital Management, LLC152,280$4.57M0.00%+9,211+6.4%Added
Renaissance Technologies LLC152,965$4.59M0.01%−1,500−1.0%Reduced
Pacific Ridge Capital Partners, LLC169,134$5.08M1.18%+4,513+2.7%Added
M3F, Inc.255,296$7.66M2.56%−640−0.3%Reduced
Manufacturers Life Insurance Company, The299,237$8.98M0.01%−9,756−3.2%Reduced
Vanguard Group Inc350,008$10.5M0.00%+5,167+1.5%Added
First Business Financial Services, Inc.355,552$10.7M1.36%−7,343−2.0%Reduced
Banc Funds Co LLC458,694$13.8M1.61%00.0%Unchanged
Dimensional Fund Advisors LP526,089$15.8M0.01%−395−0.1%Reduced
BlackRock Inc.638,185$19.2M0.00%−18,048−2.8%Reduced
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