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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 2023

Institutional positions in First Business Financial Services, Inc. as of Dec 31, 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
84
+3 vs. Q3 2023
Shares held
5.16M
+53.9K (+1.1%) vs. Q3 2023
Total value
$207.0M
+$53.7M (+35.0%) vs. Q3 2023
New holders
8
31 more added
Sold out
5
23 more reduced

1 institution that held it in Q3 2023 haven't filed for Q4 2023 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 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 holdersQ4 2023: 84 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 2023: $207.0M
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, Q4 2023

Shares, value and share of portfolio for each institution holding First Business Financial Services, Inc.; share changes are against Q3 2023.

Institutions holding FBIZ in Q4 2023
InstitutionSharesValue% of portfolioChange in sharesAction
Qube Research & Technologies Ltd3$1200.00%00.0%Unchanged
The PNC Financial Services Group, Inc.19$7620.00%00.0%Unchanged
Covestor Ltd27$1.00K0.00%−16−37.2%Reduced
Ronald Blue Trust, Inc.46$1.00K0.00%+46New
West Tower Group, LLC71$2.85K0.01%−113−61.4%Reduced
GAMMA Investing LLC160$5.88K0.00%+160New
Atwood & Palmer Inc200$8.02K0.00%00.0%Unchanged
Harbour Investments, Inc.266$10.7K0.00%00.0%Unchanged
Richardson Capital Management LLC400$16.0K0.02%+400New
Metropolitan Life Insurance Co496$19.9K0.00%00.0%Unchanged
FMR LLC523$21.0K0.00%−28−5.1%Reduced
AJOVista, LLC528$21.2K0.03%+528New
Ameritas Investment Partners, Inc.601$24.1K0.00%00.0%Unchanged
Legal & General Group Plc683$27.4K0.00%00.0%Unchanged
Amalgamated Bank700$28.0K0.00%−83−10.6%Reduced
Tower Research Capital LLC (TRC)762$30.6K0.00%−685−47.3%Reduced
Mendota Financial Group, LLC800$32.1K0.03%00.0%Unchanged
California State Teachers Retirement System1,294$51.9K0.00%−440−25.4%Reduced
Citigroup Inc1,557$62.4K0.00%+1,205+342.3%Added
BNP Paribas Arbitrage, SA2,271$91.1K0.00%+886+64.0%Added
Deutsche Bank AG2,385$95.6K0.00%00.0%Unchanged
Wells Fargo & Company2,416$96.9K0.00%+478+24.7%Added
Russell Investments Group, Ltd.3,467$139.0K0.00%00.0%Unchanged
US Bancorp3,800$152.4K0.00%00.0%Unchanged
New York State Common Retirement Fund3,866$155.0K0.00%+1,601+70.7%Added
American International Group, Inc.3,906$156.6K0.00%−16−0.4%Reduced
MetLife Investment Management4,273$171.3K0.00%00.0%Unchanged
SG Americas Securities, LLC4,280$172.0K0.00%+938+28.1%Added
Thompson Investment Management, Inc.6,020$241.4K0.04%00.0%Unchanged
Two Sigma Investments, LP6,399$256.6K0.00%+6,399New
Northern Oak Wealth Management Inc6,419$257.4K0.03%+6,419New
Two Sigma Advisers, LP7,200$288.7K0.00%−1,600−18.2%Reduced
JPMorgan Chase & Co7,878$315.9K0.00%+2,545+47.7%Added
Mattern Wealth Management LLC8,000$320.8K0.08%00.0%Unchanged
UBS Group AG8,722$349.8K0.00%+4,383+101.0%Added
Millennium Management LLC8,771$351.7K0.00%−2,474−22.0%Reduced
Kestra Advisory Services, LLC9,200$368.9K0.00%00.0%Unchanged
Gsa Capital Partners LLP9,350$375.0K0.03%+9,350New
Baird Financial Group, Inc.10,240$410.6K0.00%−160−1.5%Reduced
Globeflex Capital L P10,795$432.9K0.04%00.0%Unchanged
Bank of America Corp10,825$434.1K0.00%+2,674+32.8%Added
Rhumbline Advisers11,377$456.2K0.00%−147−1.3%Reduced
Ameriprise Financial Inc11,808$473.5K0.00%+962+8.9%Added
Wealth Enhancement Advisory Services, LLC12,824$514.2K0.00%+8+0.1%Added
HSBC Holdings PLC13,559$555.9K0.00%−728−5.1%Reduced
Riverwater Partners LLC14,490$581.1K0.46%+382+2.7%Added
Royal Bank of Canada14,507$582.0K0.00%+952+7.0%Added
Martingale Asset Management L P14,522$582.3K0.01%−101−0.7%Reduced
EAM Investors, LLC18,274$732.8K0.13%+18,274New
Price T Rowe Associates Inc18,422$739.0K0.00%+182+1.0%Added
Invesco Ltd.18,729$751.0K0.00%+4,702+33.5%Added
Charles Schwab Investment Management Inc20,699$830.0K0.00%+16+0.1%Added
Nuveen Asset Management, LLC23,004$922.5K0.00%+4,405+23.7%Added
Gator Capital Management, LLC23,850$956.4K0.53%00.0%Unchanged
Barclays PLC28,201$1.13M0.00%+8,475+43.0%Added
Morgan Stanley30,902$1.24M0.00%+11,249+57.2%Added
Goldman Sachs Group Inc31,557$1.27M0.00%−3,824−10.8%Reduced
Uncommon Cents Investing LLC36,255$1.45M0.48%+1,485+4.3%Added
Bank of New York Mellon Corp37,681$1.51M0.00%−551−1.4%Reduced
Empowered Funds, LLC38,126$1.53M0.04%+3,368+9.7%Added
John W. Rosenthal Capital Management, Inc.45,000$1.80M2.06%00.0%Unchanged
Acadian Asset Management LLC52,398$2.10M0.01%00.0%Unchanged
Vista Investment Management52,410$2.10M0.98%+301+0.6%Added
Poehling Capital Management, LLC58,327$2.34M0.74%00.0%Unchanged
Federated Hermes, Inc.65,483$2.63M0.01%+2,444+3.9%Added
American Century Companies Inc66,116$2.65M0.00%+210.0%Added
Hotchkis & Wiley Capital Management LLC82,869$3.32M0.01%−3,000−3.5%Reduced
Bridgeway Capital Management, LLC83,526$3.35M0.07%+3,368+4.2%Added
Northern Trust Corp101,942$4.09M0.00%+1,917+1.9%Added
LSV Asset Management109,225$4.38M0.01%00.0%Unchanged
Alliancebernstein L.P.117,132$4.70M0.00%−10,068−7.9%Reduced
State Street Corp117,674$4.72M0.00%+1,598+1.4%Added
Franklin Resources Inc130,824$5.25M0.00%+360.0%Added
Renaissance Technologies LLC152,077$6.10M0.01%−888−0.6%Reduced
Cutler Capital Management, LLC152,514$6.12M2.53%+344+0.2%Added
Geode Capital Management, LLC155,731$6.25M0.00%+3,451+2.3%Added
Pacific Ridge Capital Partners, LLC167,009$6.70M1.36%−2,125−1.3%Reduced
M3F, Inc.219,341$8.80M2.79%−35,955−14.1%Reduced
Manufacturers Life Insurance Company, The287,596$11.5M0.01%−11,641−3.9%Reduced
First Business Financial Services, Inc.349,522$14.0M1.63%−6,030−1.7%Reduced
Vanguard Group Inc353,571$14.2M0.00%+3,563+1.0%Added
Banc Funds Co LLC458,694$18.4M1.81%00.0%Unchanged
Dimensional Fund Advisors LP525,683$21.1M0.01%−406−0.1%Reduced
BlackRock Inc.689,085$27.6M0.00%+50,900+8.0%Added
Johnson Financial Group, Inc.0$00.00%−21,216−100.0%Sold out
Hillsdale Investment Management Inc.0$00.00%−2,300−100.0%Sold out
Allspring Global Investments Holdings, LLC0$00.00%−1,669−100.0%Sold out
Aquatic Capital Management LLC0$00.00%−200−100.0%Sold out
Carmel Capital Partners, LLC0$00.00%−25−100.0%Sold out
River Oaks Capital LLC––––Not filed