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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 2024

Institutional positions in First Business Financial Services, Inc. as of Dec 31, 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
104
+10 vs. Q3 2024
Shares held
5.55M
+254.1K (+4.8%) vs. Q3 2024
Total value
$257.0M
+$15.6M (+6.5%) vs. Q3 2024
New holders
18
49 more added
Sold out
8
19 more reduced

Compare with Q3 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 holdersQ4 2024: 104 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 2024: $257.0M
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 2024

Shares, value and share of portfolio for each institution holding First Business Financial Services, Inc.; share changes are against Q3 2024.

Institutions holding FBIZ in Q4 2024
InstitutionSharesValue% of portfolioChange in sharesAction
BlackRock, Inc.869,086$40.2M0.00%+144,638+20.0%Added
Dimensional Fund Advisors LP538,798$24.9M0.01%+1,126+0.2%Added
Vanguard Group Inc400,026$18.5M0.00%−9,732−2.4%Reduced
First Business Financial Services, Inc.376,088$17.4M1.72%+10,176+2.8%Added
Banc Funds Co LLC333,443$15.4M1.70%−68,183−17.0%Reduced
Manufacturers Life Insurance Company, The263,702$12.2M0.01%−3,703−1.4%Reduced
Geode Capital Management, LLC171,570$7.94M0.00%−1,834−1.1%Reduced
Pacific Ridge Capital Partners, LLC157,761$7.30M1.68%+5,892+3.9%Added
Cutler Capital Management, LLC153,199$7.09M2.47%−300−0.2%Reduced
Renaissance Technologies LLC147,865$6.84M0.01%−13,900−8.6%Reduced
State Street Corp142,616$6.60M0.00%+5,926+4.3%Added
American Century Companies Inc111,980$5.18M0.00%+33,957+43.5%Added
Alliancebernstein L.P.98,314$4.55M0.00%−6,500−6.2%Reduced
M3F, Inc.97,152$4.50M1.30%−57,149−37.0%Reduced
LSV Asset Management94,225$4.36M0.01%−11,000−10.5%Reduced
Bridgeway Capital Management, LLC90,421$4.19M0.09%+2,156+2.4%Added
Northern Trust Corp89,921$4.16M0.00%−2,500−2.7%Reduced
Invesco Ltd.84,622$3.92M0.00%+84,622New
De Lisle Partners LLP70,866$3.27M0.48%+4,092+6.1%Added
Federated Hermes, Inc.69,878$3.23M0.01%+3,295+4.9%Added
Hotchkis & Wiley Capital Management LLC63,319$2.93M0.01%−2,560−3.9%Reduced
Acadian Asset Management LLC60,642$2.81M0.01%+3,989+7.0%Added
Poehling Capital Management, LLC58,327$2.70M0.66%00.0%Unchanged
Franklin Resources Inc57,829$2.68M0.00%−31,237−35.1%Reduced
Vista Investment Management55,362$2.56M0.97%−2,219−3.9%Reduced
Goldman Sachs Group Inc54,642$2.53M0.00%+10,086+22.6%Added
Hillsdale Investment Management Inc.52,642$2.44M0.12%+49,628+1,646.6%Added
JPMorgan Chase & Co50,018$2.32M0.00%+25,550+104.4%Added
Empowered Funds, LLC45,021$2.08M0.03%+2,156+5.0%Added
John W. Rosenthal Capital Management, Inc.45,000$2.08M1.93%00.0%Unchanged
Morgan Stanley42,725$1.98M0.00%+3,484+8.9%Added
Uncommon Cents Investing LLC36,220$1.68M0.50%+70+0.2%Added
Bank of New York Mellon Corp33,109$1.53M0.00%+1,653+5.3%Added
Fourthstone LLC30,239$1.40M0.27%+21,715+254.8%Added
Barclays PLC29,981$1.39M0.00%+2,072+7.4%Added
Ameriprise Financial Inc26,990$1.25M0.00%+16,048+146.7%Added
Gator Capital Management, LLC23,650$1.09M0.41%−200−0.8%Reduced
Nuveen Asset Management, LLC23,004$1.06M0.00%00.0%Unchanged
Charles Schwab Investment Management Inc21,524$996.3K0.00%00.0%Unchanged
Baird Financial Group, Inc.21,240$983.2K0.00%00.0%Unchanged
Two Sigma Investments, LP19,076$883.0K0.00%+4,242+28.6%Added
US Bancorp17,925$829.7K0.00%+14,125+371.7%Added
Connor, Clark & Lunn Investment Management Ltd.16,398$759.1K0.00%+9,474+136.8%Added
Two Sigma Advisers, LP14,400$666.6K0.00%+4,400+44.0%Added
HSBC Holdings PLC14,043$655.4K0.00%+293+2.1%Added
Royal Bank of Canada13,246$613.0K0.00%+282+2.2%Added
Millennium Management LLC13,025$602.9K0.00%−2,960−18.5%Reduced
Martingale Asset Management L P12,854$595.0K0.01%+640+5.2%Added
Man Group plc12,517$579.4K0.00%+5,348+74.6%Added
Wealth Enhancement Advisory Services, LLC12,179$563.8K0.00%+67+0.6%Added
Gsa Capital Partners LLP11,730$543.0K0.04%+1,830+18.5%Added
Bank of America Corp11,504$532.5K0.00%+4,221+58.0%Added
Rhumbline Advisers11,336$524.7K0.00%+51+0.5%Added
Jacobs Levy Equity Management, Inc9,954$460.8K0.00%+9,954New
Kestra Advisory Services, LLC9,200$425.9K0.00%00.0%Unchanged
Deutsche Bank AG9,160$424.0K0.00%+3,183+53.3%Added
Riverwater Partners LLC9,084$420.5K0.20%−3,160−25.8%Reduced
Qube Research & Technologies Ltd8,753$405.2K0.00%+8,753New
Mattern Wealth Management LLC8,000$370.3K0.08%00.0%Unchanged
Citigroup Inc7,395$342.3K0.00%+528+7.7%Added
Creative Planning6,953$321.9K0.00%+2,205+46.4%Added
Lazard Asset Management LLC6,785$314.0K0.00%+2,252+49.7%Added
Russell Investments Group, Ltd.6,701$310.2K0.00%−2,147−24.3%Reduced
Northern Oak Wealth Management Inc6,581$304.6K0.04%+34+0.5%Added
Thompson Investment Management, Inc.6,020$278.7K0.04%00.0%Unchanged
PDT Partners, LLC5,773$267.2K0.02%+5,773New
Citadel Advisors LLC5,362$248.2K0.00%+5,362New
First Trust Advisors LP5,014$232.1K0.00%+5,014New
MetLife Investment Management4,769$220.8K0.00%00.0%Unchanged
Beese Fulmer Investment Management, Inc.4,750$219.9K0.02%00.0%Unchanged
AQR Capital Management LLC4,711$218.1K0.00%+4,711New
Susquehanna International Group, LLP4,682$216.7K0.00%+4,682New
ERn Financial, LLC4,615$213.6K0.03%00.0%Unchanged
Wells Fargo & Company4,577$211.9K0.00%+1,021+28.7%Added
Mirae Asset Global ETFs Holdings Ltd.4,477$207.2K0.00%+206+4.8%Added
UBS Group AG4,195$194.2K0.00%+479+12.9%Added
Fedenia Advisers LLC4,100$189.8K0.11%+4,100New
Corebridge Financial, Inc.3,915$181.2K0.00%−296−7.0%Reduced
New York State Common Retirement Fund3,866$179.0K0.00%00.0%Unchanged
SG Americas Securities, LLC3,412$158.0K0.00%+679+24.8%Added
BNP Paribas Arbitrage, SA2,183$101.1K0.00%+490+28.9%Added
Virtus Investment Advisers, Inc.2,050$94.9K0.07%+2,050New
Police & Firemen's Retirement System of New Jersey1,878$86.9K0.00%+1,878New
Public Employees Retirement System of Ohio1,760$81.5K0.00%+1,760New
R Squared Ltd1,060$49.1K0.05%+1,060New
Mendota Financial Group, LLC800$37.0K0.02%00.0%Unchanged
Legal & General Group Plc683$31.6K0.00%00.0%Unchanged
Picton Mahoney Asset Management633$29.0K0.00%+163+34.7%Added
FMR LLC610$28.2K0.00%+81+15.3%Added
CWM, LLC614$28.0K0.00%+74+13.7%Added
Ameritas Investment Partners, Inc.601$27.8K0.00%00.0%Unchanged
California State Teachers Retirement System571$26.4K0.00%00.0%Unchanged
Amalgamated Bank279$13.0K0.00%00.0%Unchanged
Sterling Capital Management LLC241$11.2K0.00%+216+864.0%Added
Harbour Investments, Inc.231$10.7K0.00%00.0%Unchanged
Versant Capital Management, Inc223$10.3K0.00%+223New
GAMMA Investing LLC164$7.59K0.00%+4+2.5%Added
Tower Research Capital LLC (TRC)155$7.17K0.00%−229−59.6%Reduced
IFP Advisors, Inc118$5.46K0.00%+1+0.9%Added
Advisor Group Holdings, Inc.74$3.42K0.00%+74New