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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 2024

Institutional positions in First Business Financial Services, Inc. as of Sep 30, 2024. 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
94
+7 vs. Q2 2024
Shares held
5.30M
+770.7K (+17.0%) vs. Q2 2024
Total value
$241.3M
+$73.9M (+44.2%) vs. Q2 2024
New holders
14
37 more added
Sold out
7
22 more reduced

1 institution that held it in Q2 2024 haven't filed for Q3 2024 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q2 2024: 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 2024: 94 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 2024: $242.5M
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 2024

Shares, value and share of portfolio for each institution holding First Business Financial Services, Inc.; share changes are against Q2 2024.

Institutions holding FBIZ in Q3 2024
InstitutionSharesValue% of portfolioChange in sharesAction
BlackRock, Inc.724,448$33.0M0.00%+724,448New
Dimensional Fund Advisors LP537,672$24.5M0.01%−1360.0%Reduced
Vanguard Group Inc409,758$18.7M0.00%+25,421+6.6%Added
Banc Funds Co LLC401,626$18.3M1.99%−37,904−8.6%Reduced
First Business Financial Services, Inc.365,912$16.7M1.67%+12,194+3.4%Added
Manufacturers Life Insurance Company, The267,405$12.2M0.01%−7,531−2.7%Reduced
Geode Capital Management, LLC173,404$7.91M0.00%+2,200+1.3%Added
Renaissance Technologies LLC161,765$7.37M0.01%+8,000+5.2%Added
M3F, Inc.154,301$7.04M2.17%−63,781−29.2%Reduced
Cutler Capital Management, LLC153,499$7.00M2.47%00.0%Unchanged
Pacific Ridge Capital Partners, LLC151,869$6.92M1.64%−11,180−6.9%Reduced
State Street Corp136,690$6.23M0.00%+2,607+1.9%Added
LSV Asset Management105,225$4.80M0.01%−3,800−3.5%Reduced
Alliancebernstein L.P.104,814$4.78M0.00%−13,287−11.3%Reduced
Northern Trust Corp92,421$4.21M0.00%+58+0.1%Added
Bridgeway Capital Management, LLC88,265$4.02M0.09%−1,296−1.4%Reduced
Franklin Resources Inc89,066$3.95M0.00%−15,009−14.4%Reduced
American Century Companies Inc78,023$3.56M0.00%+11,294+16.9%Added
De Lisle Partners LLP66,774$3.04M0.49%+20,183+43.3%Added
Federated Hermes, Inc.66,583$3.04M0.01%+160+0.2%Added
Hotchkis & Wiley Capital Management LLC65,879$3.00M0.01%−21,630−24.7%Reduced
Poehling Capital Management, LLC58,327$2.66M0.68%00.0%Unchanged
Vista Investment Management57,581$2.63M0.99%+355+0.6%Added
Acadian Asset Management LLC56,653$2.58M0.01%+4,255+8.1%Added
John W. Rosenthal Capital Management, Inc.45,000$2.05M2.06%00.0%Unchanged
Goldman Sachs Group Inc44,556$2.03M0.00%+13,776+44.8%Added
Empowered Funds, LLC42,865$1.95M0.03%−1,296−2.9%Reduced
Morgan Stanley39,241$1.79M0.00%+15,736+66.9%Added
Segall Bryant & Hamill, LLC36,345$1.66M0.02%+36,345New
Uncommon Cents Investing LLC36,150$1.65M0.46%+25+0.1%Added
Bank of New York Mellon Corp31,456$1.43M0.00%−6,435−17.0%Reduced
Barclays PLC27,909$1.27M0.00%+8,497+43.8%Added
JPMorgan Chase & Co24,468$1.12M0.00%+18,458+307.1%Added
Gator Capital Management, LLC23,850$1.09M0.48%00.0%Unchanged
Nuveen Asset Management, LLC23,004$1.05M0.00%00.0%Unchanged
Charles Schwab Investment Management Inc21,524$981.3K0.00%00.0%Unchanged
Baird Financial Group, Inc.21,240$968.3K0.00%+12,000+129.9%Added
Millennium Management LLC15,985$728.8K0.00%+10,243+178.4%Added
EAM Investors, LLC15,001$683.9K0.10%+15,001New
Two Sigma Investments, LP14,834$676.3K0.00%+5,635+61.3%Added
HSBC Holdings PLC13,750$632.9K0.00%+649+5.0%Added
Royal Bank of Canada12,964$590.0K0.00%−12−0.1%Reduced
Martingale Asset Management L P12,214$556.8K0.01%−2,308−15.9%Reduced
Wealth Enhancement Advisory Services, LLC12,112$552.2K0.00%−770−6.0%Reduced
Riverwater Partners LLC12,244$524.7K0.26%−651−5.0%Reduced
Rhumbline Advisers11,285$514.5K0.00%−118−1.0%Reduced
Ameriprise Financial Inc10,942$498.8K0.00%−866−7.3%Reduced
Two Sigma Advisers, LP10,000$455.9K0.00%+800+8.7%Added
Gsa Capital Partners LLP9,900$451.0K0.03%+2,740+38.3%Added
Kestra Advisory Services, LLC9,200$419.4K0.00%00.0%Unchanged
Russell Investments Group, Ltd.8,848$403.4K0.00%+5,381+155.2%Added
Fourthstone LLC8,524$388.6K0.09%+8,524New
Trexquant Investment LP8,256$376.4K0.00%+1,233+17.6%Added
Mattern Wealth Management LLC8,000$364.7K0.08%00.0%Unchanged
Bank of America Corp7,283$332.0K0.00%+450+6.6%Added
Man Group plc7,169$326.8K0.00%+1,240+20.9%Added
Connor, Clark & Lunn Investment Management Ltd.6,924$315.7K0.00%+6,924New
Citigroup Inc6,867$313.1K0.00%+4,418+180.4%Added
Northern Oak Wealth Management Inc6,547$298.5K0.03%+39+0.6%Added
Thompson Investment Management, Inc.6,020$274.5K0.04%00.0%Unchanged
Deutsche Bank AG5,977$272.5K0.00%00.0%Unchanged
Price T Rowe Associates Inc5,802$265.0K0.00%−9,881−63.0%Reduced
Jane Street Group, LLC5,024$229.0K0.00%−2,482−33.1%Reduced
MetLife Investment Management4,769$217.4K0.00%00.0%Unchanged
Beese Fulmer Investment Management, Inc.4,750$216.6K0.02%+4,750New
Creative Planning4,748$216.5K0.00%+4,748New
ERn Financial, LLC4,615$210.4K0.03%+4,615New
Lazard Asset Management LLC4,533$206.0K0.00%+2,461+118.8%Added
Mirae Asset Global ETFs Holdings Ltd.4,271$194.7K0.00%+1,017+31.3%Added
Corebridge Financial, Inc.4,211$192.0K0.00%−26−0.6%Reduced
New York State Common Retirement Fund3,866$176.3K0.00%00.0%Unchanged
US Bancorp3,800$173.2K0.00%00.0%Unchanged
UBS Group AG3,716$169.4K0.00%+1,304+54.1%Added
Wells Fargo & Company3,556$162.1K0.00%+143+4.2%Added
Hillsdale Investment Management Inc.3,014$137.4K0.01%+3,014New
SG Americas Securities, LLC2,733$125.0K0.00%+2,733New
BNP Paribas Arbitrage, SA1,693$77.2K0.00%+111+7.0%Added
Mendota Financial Group, LLC800$36.5K0.02%00.0%Unchanged
Legal & General Group Plc683$31.1K0.00%00.0%Unchanged
Ameritas Investment Partners, Inc.601$27.4K0.00%00.0%Unchanged
California State Teachers Retirement System571$26.0K0.00%00.0%Unchanged
CWM, LLC540$25.0K0.00%+243+81.8%Added
FMR LLC529$24.1K0.00%+10+1.9%Added
Picton Mahoney Asset Management470$21.0K0.00%+195+70.9%Added
Tower Research Capital LLC (TRC)384$17.5K0.00%−1,081−73.8%Reduced
Amalgamated Bank279$13.0K0.00%00.0%Unchanged
Harbour Investments, Inc.231$10.5K0.00%00.0%Unchanged
GAMMA Investing LLC160$7.29K0.00%00.0%Unchanged
IFP Advisors, Inc117$5.33K0.00%+117New
Sterling Capital Management LLC25$1.14K0.00%+25New
Capital Performance Advisors LLP23$1.05K0.00%+23New
Covestor Ltd29$1.00K0.00%+1+3.6%Added
Allspring Global Investments Holdings, LLC12$5470.00%+12New
SRS Capital Advisors, Inc.2$920.00%00.0%Unchanged
Invesco Ltd.0$00.00%−18,079−100.0%Sold out
Quadrature Capital Ltd0$00.00%−8,936−100.0%Sold out
Squarepoint Ops LLC0$00.00%−5,519−100.0%Sold out
Advisor Group Holdings, Inc.0$00.00%−67−100.0%Sold out
Assetmark, Inc0$00.00%−35−100.0%Sold out
Qube Research & Technologies Ltd0$00.00%−5−100.0%Sold out