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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, Q2 2025

Institutional positions in First Business Financial Services, Inc. as of Jun 30, 2025. 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
117
+1 vs. Q1 2025
Shares held
5.65M
+55.4K (+1.0%) vs. Q1 2025
Total value
$286.5M
+$22.5M (+8.5%) vs. Q1 2025
New holders
14
43 more added
Sold out
13
37 more reduced

Compare with Q1 2025: 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 holdersQ2 2025: 117 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 heldQ2 2025: $286.5M
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, Q2 2025

Shares, value and share of portfolio for each institution holding First Business Financial Services, Inc.; share changes are against Q1 2025.

Institutions holding FBIZ in Q2 2025
InstitutionSharesValue% of portfolioChange in sharesAction
BlackRock, Inc.946,767$48.0M0.00%−58,343−5.8%Reduced
Dimensional Fund Advisors LP509,384$25.8M0.01%−6,066−1.2%Reduced
Vanguard Group Inc451,182$22.9M0.00%+1,902+0.4%Added
First Business Financial Services, Inc.394,491$20.0M1.80%+672+0.2%Added
Banc Funds Co LLC264,477$13.4M2.03%−9,800−3.6%Reduced
Manufacturers Life Insurance Company, The260,094$13.2M0.01%−5,587−2.1%Reduced
Geode Capital Management, LLC185,361$9.39M0.00%+7,797+4.4%Added
American Century Companies Inc171,490$8.69M0.00%+25,260+17.3%Added
Cutler Capital Management, LLC155,799$7.89M2.75%+400+0.3%Added
State Street Corp155,711$7.89M0.00%+10,710+7.4%Added
Renaissance Technologies LLC150,665$7.63M0.01%+8,400+5.9%Added
Pacific Ridge Capital Partners, LLC147,944$7.49M1.79%−2,179−1.5%Reduced
Hillsdale Investment Management Inc.104,071$5.27M0.19%+23,800+29.6%Added
M3F, Inc.96,561$4.89M1.38%+2,943+3.1%Added
De Lisle Partners LLP88,640$4.49M0.63%+14,000+18.8%Added
LSV Asset Management86,025$4.36M0.01%00.0%Unchanged
Bridgeway Capital Management, LLC81,905$4.15M0.10%−5,066−5.8%Reduced
Northern Trust Corp80,266$4.07M0.00%−7,097−8.1%Reduced
Alliancebernstein L.P.71,834$3.64M0.00%−18,980−20.9%Reduced
Federated Hermes, Inc.71,254$3.61M0.01%+975+1.4%Added
Poehling Capital Management, LLC58,327$2.95M0.69%00.0%Unchanged
Invesco Ltd.58,169$2.95M0.00%+400+0.7%Added
Vista Investment Management53,451$2.71M1.00%−285−0.5%Reduced
Royal Bank of Canada51,944$2.63M0.00%+38,267+279.8%Added
Morgan Stanley47,936$2.43M0.00%+8,533+21.7%Added
Acadian Asset Management LLC45,904$2.32M0.00%−3,310−6.7%Reduced
John W. Rosenthal Capital Management, Inc.45,000$2.28M2.30%00.0%Unchanged
Ameriprise Financial Inc44,746$2.27M0.00%+20,557+85.0%Added
Two Sigma Investments, LP40,273$2.04M0.00%+16,868+72.1%Added
Empowered Funds, LLC36,505$1.85M0.02%−5,066−12.2%Reduced
Uncommon Cents Investing LLC34,223$1.73M0.46%−660−1.9%Reduced
Bank of New York Mellon Corp33,458$1.69M0.00%+1,034+3.2%Added
Goldman Sachs Group Inc33,305$1.69M0.00%−13,655−29.1%Reduced
Barclays PLC29,853$1.51M0.00%+4,282+16.7%Added
Millennium Management LLC28,913$1.46M0.00%+9,625+49.9%Added
AQR Capital Management LLC24,645$1.25M0.00%+15,010+155.8%Added
Gator Capital Management, LLC23,650$1.20M0.37%00.0%Unchanged
Charles Schwab Investment Management Inc22,855$1.16M0.00%+689+3.1%Added
Franklin Resources Inc21,974$1.11M0.00%−19,248−46.7%Reduced
Qube Research & Technologies Ltd21,871$1.11M0.00%+8,904+68.7%Added
Baird Financial Group, Inc.21,240$1.08M0.00%00.0%Unchanged
Nuveen, LLC18,897$957.3K0.00%−4,107−17.9%Reduced
US Bancorp17,884$906.0K0.00%00.0%Unchanged
Two Sigma Advisers, LP15,900$805.5K0.00%+600+3.9%Added
Wealth Enhancement Advisory Services, LLC13,084$715.6K0.00%−142−1.1%Reduced
Los Angeles Capital Management LLC13,957$707.1K0.00%+7,970+133.1%Added
HSBC Holdings PLC13,642$695.6K0.00%−957−6.6%Reduced
Connor, Clark & Lunn Investment Management Ltd.13,289$673.2K0.00%−3,287−19.8%Reduced
Citadel Advisors LLC12,611$638.9K0.00%+12,611New
Lazard Asset Management LLC12,408$628.0K0.00%−728−5.5%Reduced
Creative Planning11,983$607.1K0.00%−130−1.1%Reduced
Rhumbline Advisers11,682$591.8K0.00%+199+1.7%Added
Advisor Group Holdings, Inc.10,584$536.2K0.00%−54−0.5%Reduced
JPMorgan Chase & Co10,392$526.5K0.00%−11,704−53.0%Reduced
Zacks Investment Management9,727$492.8K0.00%−210−2.1%Reduced
Susquehanna International Group, LLP9,601$486.4K0.00%−932−8.8%Reduced
Kestra Advisory Services, LLC9,200$466.1K0.00%00.0%Unchanged
Jacobs Levy Equity Management, Inc8,137$412.2K0.00%−401−4.7%Reduced
Mattern Wealth Management LLC8,000$405.3K0.08%00.0%Unchanged
Engineers Gate Manager LP7,889$399.7K0.00%+3,553+81.9%Added
Man Group plc7,778$394.0K0.00%−1,357−14.9%Reduced
Prudential Financial Inc7,750$392.6K0.00%−504−6.1%Reduced
Martingale Asset Management L P7,394$374.6K0.01%−507−6.4%Reduced
Bank of America Corp6,843$346.7K0.00%−1,022−13.0%Reduced
Northern Oak Wealth Management Inc6,656$337.2K0.04%+39+0.6%Added
Jane Street Group, LLC6,630$335.9K0.00%+6,630New
Thompson Investment Management, Inc.6,020$305.0K0.04%00.0%Unchanged
UBS Group AG5,875$297.6K0.00%+1,507+34.5%Added
Jump Financial, LLC5,522$279.7K0.00%+1,222+28.4%Added
EntryPoint Capital, LLC5,495$278.4K0.14%+93+1.7%Added
Deutsche Bank AG5,436$275.4K0.00%−2,006−27.0%Reduced
R Squared Ltd5,421$274.6K0.15%+5,421New
Russell Investments Group, Ltd.5,360$271.5K0.00%−3−0.1%Reduced
First Trust Advisors LP5,309$269.0K0.00%+327+6.6%Added
Wells Fargo & Company5,140$260.4K0.00%+461+9.9%Added
State of Wisconsin Investment Board5,115$259.1K0.00%+5,115New
Integrated Quantitative Investments LLC5,000$253.3K0.07%00.0%Unchanged
Beese Fulmer Investment Management, Inc.4,750$240.6K0.02%00.0%Unchanged
Panagora Asset Management Inc4,633$234.7K0.00%+4,633New
ERn Financial, LLC4,615$233.8K0.05%00.0%Unchanged
MetLife Investment Management4,609$233.5K0.00%00.0%Unchanged
Semanteon Capital Management, LP4,580$232.0K0.35%+4,580New
Mirae Asset Global ETFs Holdings Ltd.4,350$220.4K0.00%−361−7.7%Reduced
Cubist Systematic Strategies, LLC4,205$213.0K0.00%−1,274−23.3%Reduced
Fedenia Advisers LLC4,100$207.7K0.10%+4,100New
Citigroup Inc4,007$203.0K0.00%−2,862−41.7%Reduced
Price T Rowe Associates Inc3,935$200.0K0.00%+3,935New
New York State Common Retirement Fund3,866$195.9K0.00%00.0%Unchanged
Quantbot Technologies LP2,893$146.6K0.00%+2,893New
Harbor Capital Advisors, Inc.2,883$146.0K0.01%+288+11.1%Added
Virtus ETF Advisers LLC2,133$108.1K0.07%00.0%Unchanged
BNP Paribas Arbitrage, SA1,978$100.2K0.00%+108+5.8%Added
Tower Research Capital LLC (TRC)1,890$95.7K0.00%+1,476+356.5%Added
Police & Firemen's Retirement System of New Jersey1,878$95.1K0.00%00.0%Unchanged
CWM, LLC1,579$80.0K0.00%+666+72.9%Added
Public Employees Retirement System of Ohio1,529$77.5K0.00%00.0%Unchanged
EverSource Wealth Advisors, LLC1,291$65.4K0.00%+1,287+32,175.0%Added
Ameritas Investment Partners, Inc.801$40.6K0.00%00.0%Unchanged
Legal & General Group Plc724$36.7K0.00%+41+6.0%Added
FMR LLC642$32.5K0.00%−15−2.3%Reduced