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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
Royal Bank of Canada26,852$1.38M0.00%+880+3.4%Added
First Trust Advisors LP30,258$1.55M0.00%+24,949+469.9%Added
Bank of New York Mellon Corp34,266$1.76M0.00%+808+2.4%Added
Uncommon Cents Investing LLC34,478$1.77M0.44%+255+0.7%Added
Qube Research & Technologies Ltd34,578$1.77M0.00%+12,707+58.1%Added
Empowered Funds, LLC36,661$1.88M0.02%+156+0.4%Added
Millennium Management LLC40,174$2.06M0.00%+11,261+38.9%Added
Morgan Stanley40,569$2.08M0.00%−7,367−15.4%Reduced
John W. Rosenthal Capital Management, Inc.45,000$2.31M2.22%00.0%Unchanged
Acadian Asset Management LLC45,904$2.35M0.00%00.0%Unchanged
Two Sigma Investments, LP46,207$2.37M0.00%+5,934+14.7%Added
Goldman Sachs Group Inc49,312$2.53M0.00%+16,007+48.1%Added
Ameriprise Financial Inc49,509$2.54M0.00%+4,763+10.6%Added
Vista Investment Management52,328$2.68M0.94%−1,123−2.1%Reduced
Poehling Capital Management, LLC58,327$2.99M0.63%00.0%Unchanged
M3F, Inc.66,477$3.41M0.97%−30,084−31.2%Reduced
Alliancebernstein L.P.71,334$3.66M0.00%−500−0.7%Reduced
Federated Hermes, Inc.71,865$3.68M0.01%+611+0.9%Added
Bridgeway Capital Management, LLC72,061$3.69M0.08%−9,844−12.0%Reduced
Northern Trust Corp82,993$4.25M0.00%+2,727+3.4%Added
AQR Capital Management LLC83,617$4.29M0.00%+58,972+239.3%Added
Hillsdale Investment Management Inc.83,971$4.30M0.13%−20,100−19.3%Reduced
De Lisle Partners LLP93,640$4.80M0.59%+5,000+5.6%Added
LSV Asset Management124,389$6.38M0.01%+38,364+44.6%Added
Renaissance Technologies LLC141,565$7.26M0.01%−9,100−6.0%Reduced
Pacific Ridge Capital Partners, LLC144,623$7.41M1.63%−3,321−2.2%Reduced
Cutler Capital Management, LLC155,493$7.97M2.55%−306−0.2%Reduced
State Street Corp158,961$8.15M0.00%+3,250+2.1%Added
Banc Funds Co LLC193,524$9.92M1.73%−70,953−26.8%Reduced
American Century Companies Inc198,245$10.2M0.01%+26,755+15.6%Added
Geode Capital Management, LLC228,703$11.7M0.00%+43,342+23.4%Added
Manufacturers Life Insurance Company, The254,821$13.1M0.01%−5,273−2.0%Reduced
First Business Financial Services, Inc.374,233$19.2M1.76%−20,258−5.1%Reduced
Vanguard Group Inc481,681$24.7M0.00%+30,499+6.8%Added
Dimensional Fund Advisors LP505,577$25.9M0.01%−3,807−0.7%Reduced
BlackRock, Inc.882,267$45.2M0.00%−64,500−6.8%Reduced
Citadel Advisors LLC0$00.00%−12,611−100.0%Sold out
Susquehanna International Group, LLP0$00.00%−9,601−100.0%Sold out
Man Group plc0$00.00%−7,778−100.0%Sold out
Jane Street Group, LLC0$00.00%−6,630−100.0%Sold out
R Squared Ltd0$00.00%−5,421−100.0%Sold out
Integrated Quantitative Investments LLC0$00.00%−5,000−100.0%Sold out
Quantbot Technologies LP0$00.00%−2,893−100.0%Sold out
Hollencrest Capital Management0$00.00%−611−100.0%Sold out