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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 2025

Institutional positions in First Business Financial Services, Inc. as of Sep 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
136
+19 vs. Q2 2025
Shares held
5.70M
+71.9K (+1.3%) vs. Q2 2025
Total value
$292.2M
+$6.99M (+2.5%) vs. Q2 2025
New holders
27
49 more added
Sold out
8
34 more reduced

Compare with Q2 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 holdersQ3 2025: 136 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 2025: $292.2M
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 2025

Shares, value and share of portfolio for each institution holding First Business Financial Services, Inc.; share changes are against Q2 2025.

Institutions holding FBIZ in Q3 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Quest Partners LLC2$1030.00%+2New
Farther Finance Advisors, LLC2$1030.00%+2New
Quarry LP3$1540.00%+3New
Nisa Investment Advisors, LLC5$2560.00%00.0%Unchanged
Assetmark, Inc8$4100.00%00.0%Unchanged
Rothschild Investment LLC10$5130.00%+10New
Clearstead Advisors, LLC11$5640.00%+11New
Signaturefd, LLC13$6660.00%−11−45.8%Reduced
Point72 (DIFC) Ltd14$7120.00%−371−96.4%Reduced
UMA Financial Services, Inc.14$7180.00%00.0%Unchanged
True Wealth Design, LLC19$9740.00%+19New
The PNC Financial Services Group, Inc.34$1.74K0.00%00.0%Unchanged
Optiver Holding B.V.74$3.79K0.00%+74New
Allworth Financial LP103$5.28K0.00%+88+586.7%Added
Whittier Trust Co139$6.98K0.00%+139New
IFP Advisors, Inc156$8.00K0.00%+23+17.3%Added
Quadrant Capital Group LLC157$8.05K0.00%+157New
Covestor Ltd196$11.0K0.01%+168+600.0%Added
Harbour Investments, Inc.235$12.0K0.00%+1+0.4%Added
Essential Partners LLC266$13.6K0.00%+229+618.9%Added
Amalgamated Bank279$14.0K0.00%00.0%Unchanged
State of Alaska, Department of Revenue330$16.0K0.00%+330New
GAMMA Investing LLC317$16.2K0.00%+32+11.2%Added
Macquarie Group Ltd370$19.0K0.00%+370New
Tower Research Capital LLC (TRC)371$19.0K0.00%−1,519−80.4%Reduced
Rockefeller Capital Management L.P.392$20.1K0.00%+392New
Point72 Asia (Singapore) Pte. Ltd.412$21.1K0.00%+412New
Sterling Capital Management LLC518$26.6K0.00%+316+156.4%Added
California State Teachers Retirement System572$29.3K0.00%+1+0.2%Added
Versant Capital Management, Inc587$30.1K0.00%+364+163.2%Added
FMR LLC624$32.0K0.00%−18−2.8%Reduced
Northwestern Mutual Wealth Management Co652$33.4K0.00%+652New
Legal & General Group Plc724$37.1K0.00%00.0%Unchanged
Ameritas Investment Partners, Inc.801$41.1K0.00%00.0%Unchanged
EverSource Wealth Advisors, LLC1,284$65.8K0.00%−7−0.5%Reduced
Public Employees Retirement System of Ohio1,529$78.4K0.00%00.0%Unchanged
Wealthspire Advisors, LLC1,800$92.3K0.00%+1,800New
Virtus ETF Advisers LLC2,133$109.3K0.06%00.0%Unchanged
Police & Firemen's Retirement System of New Jersey2,517$129.0K0.00%+639+34.0%Added
Harbor Capital Advisors, Inc.2,876$147.0K0.01%−7−0.2%Reduced
Johnson Financial Group, Inc.3,260$167.1K0.01%+3,260New
Mirae Asset Global ETFs Holdings Ltd.3,619$185.5K0.00%−731−16.8%Reduced
New York State Common Retirement Fund3,866$198.2K0.00%00.0%Unchanged
Fedenia Advisers LLC4,100$210.2K0.08%00.0%Unchanged
SRS Capital Advisors, Inc.4,104$210.4K0.00%+4,104New
Price T Rowe Associates Inc4,182$215.0K0.00%+247+6.3%Added
Los Angeles Capital Management LLC4,298$220.3K0.00%−9,659−69.2%Reduced
EntryPoint Capital, LLC4,312$221.0K0.09%−1,183−21.5%Reduced
BNP Paribas Arbitrage, SA4,435$227.3K0.00%+2,457+124.2%Added
CWM, LLC4,441$228.0K0.00%+2,862+181.3%Added
Citigroup Inc4,457$228.5K0.00%+450+11.2%Added
MetLife Investment Management4,609$236.3K0.00%00.0%Unchanged
ERn Financial, LLC4,615$236.6K0.05%00.0%Unchanged
Panagora Asset Management Inc4,633$237.5K0.00%00.0%Unchanged
Beese Fulmer Investment Management, Inc.4,750$243.5K0.02%00.0%Unchanged
Semanteon Capital Management, LP5,102$261.5K0.33%+522+11.4%Added
Cubist Systematic Strategies, LLC5,181$265.6K0.00%+976+23.2%Added
Quantinno Capital Management LP5,319$272.7K0.00%+5,319New
Susquehanna Portfolio Strategies, LLC5,401$276.9K0.00%+5,401New
State of Wisconsin Investment Board5,815$298.1K0.00%+700+13.7%Added
Thompson Investment Management, Inc.6,020$308.6K0.04%00.0%Unchanged
Russell Investments Group, Ltd.6,087$312.0K0.00%+727+13.6%Added
Wells Fargo & Company6,121$313.8K0.00%+981+19.1%Added
Jump Financial, LLC6,184$317.0K0.00%+662+12.0%Added
Engineers Gate Manager LP6,542$335.3K0.00%−1,347−17.1%Reduced
Northern Oak Wealth Management Inc6,694$343.1K0.04%+38+0.6%Added
Martingale Asset Management L P7,004$359.0K0.01%−390−5.3%Reduced
Ieq Capital, LLC7,125$365.2K0.00%+7,125New
Deutsche Bank AG7,139$365.9K0.00%+1,703+31.3%Added
Jacobs Levy Equity Management, Inc7,648$392.0K0.00%−489−6.0%Reduced
Prudential Financial Inc7,790$399.3K0.00%+40+0.5%Added
Principal Financial Group Inc7,985$409.3K0.00%+7,985New
Mattern Wealth Management LLC8,000$410.1K0.08%00.0%Unchanged
Alps Advisors Inc8,800$451.1K0.00%+8,800New
Kestra Advisory Services, LLC9,200$471.6K0.00%00.0%Unchanged
Invesco Ltd.9,367$480.2K0.00%−48,802−83.9%Reduced
UBS Group AG9,684$496.4K0.00%+3,809+64.8%Added
Zacks Investment Management9,727$498.6K0.00%00.0%Unchanged
HSBC Holdings PLC9,959$506.4K0.00%−3,683−27.0%Reduced
CenterBook Partners LP10,390$532.6K0.03%+10,390New
Advisor Group Holdings, Inc.10,584$539.9K0.00%00.0%Unchanged
Rhumbline Advisers11,456$587.2K0.00%−226−1.9%Reduced
Lazard Asset Management LLC11,662$597.8K0.00%−746−6.0%Reduced
Fourthstone LLC12,131$621.8K0.11%+12,131New
Gsa Capital Partners LLP12,127$622.0K0.05%+12,127New
Connor, Clark & Lunn Investment Management Ltd.12,409$636.1K0.00%−880−6.6%Reduced
Creative Planning13,125$672.8K0.00%+1,142+9.5%Added
Bank of America Corp13,313$682.4K0.00%+6,470+94.5%Added
Wealth Enhancement Advisory Services, LLC14,337$719.0K0.00%+1,253+9.6%Added
Two Sigma Advisers, LP15,100$774.0K0.00%−800−5.0%Reduced
JPMorgan Chase & Co16,185$829.6K0.00%+5,793+55.7%Added
US Bancorp17,884$916.7K0.00%00.0%Unchanged
Nuveen, LLC18,897$968.7K0.00%00.0%Unchanged
Kennedy Capital Management, Inc.19,525$1.00M0.02%+19,525New
Baird Financial Group, Inc.21,240$1.09M0.00%00.0%Unchanged
Charles Schwab Investment Management Inc22,165$1.14M0.00%−690−3.0%Reduced
Franklin Resources Inc22,213$1.14M0.00%+239+1.1%Added
Stifel Financial Corp22,763$1.17M0.00%+22,763New
Gator Capital Management, LLC23,800$1.22M0.31%+150+0.6%Added
Barclays PLC26,789$1.37M0.00%−3,064−10.3%Reduced