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 2025
Institutional positions in First Business Financial Services, Inc. as of Dec 31, 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
- 139
- +6 vs. Q3 2025
- Shares held
- 5.72M
- +24.1K (+0.4%) vs. Q3 2025
- Total value
- $310.6M
- +$18.6M (+6.4%) vs. Q3 2025
- New holders
- 18
- 52 more added
- Sold out
- 12
- 47 more reduced
3 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 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.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 141 | $375.1M |
| Q1 2026 | 144 | $311.6M |
| Q4 2025 | 139 | $310.6M |
| Q3 2025 | 136 | $292.2M |
| Q2 2025 | 117 | $285.2M |
| Q1 2025 | 116 | $264.0M |
| Q4 2024 | 104 | $257.0M |
| Q3 2024 | 94 | $241.3M |
| Q2 2024 | 88 | $192.6M |
| Q1 2024 | 84 | $194.9M |
| Q4 2023 | 84 | $207.0M |
| Q3 2023 | 82 | $156.1M |
| Q2 2023 | 80 | $156.0M |
| Q1 2023 | 85 | $162.8M |
| Q4 2022 | 89 | $196.2M |
| Q3 2022 | 86 | $180.3M |
| Q2 2022 | 90 | $172.3M |
| Q1 2022 | 77 | $171.0M |
| Q4 2021 | 75 | $149.0M |
| Q3 2021 | 76 | $144.1M |
| Q2 2021 | 78 | $140.0M |
| Q1 2021 | 77 | $137.8M |
Institutions, Q4 2025
Shares, value and share of portfolio for each institution holding First Business Financial Services, Inc.; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| BlackRock, Inc. | 869,788 | $47.2M | 0.00% | −12,479−1.4% | Reduced |
| Dimensional Fund Advisors LP | 499,376 | $27.1M | 0.01% | −6,201−1.2% | Reduced |
| Vanguard Group Inc | 480,482 | $26.1M | 0.00% | −1,199−0.2% | Reduced |
| First Business Financial Services, Inc. | 361,311 | $19.6M | 1.80% | −12,922−3.5% | Reduced |
| Manufacturers Life Insurance Company, The | 248,437 | $13.5M | 0.01% | −6,384−2.5% | Reduced |
| Geode Capital Management, LLC | 235,050 | $12.8M | 0.00% | +6,347+2.8% | Added |
| American Century Companies Inc | 217,010 | $11.8M | 0.01% | +18,765+9.5% | Added |
| Banc Funds Co LLC | 166,224 | $9.03M | 1.79% | −27,300−14.1% | Reduced |
| State Street Corp | 158,055 | $8.58M | 0.00% | −906−0.6% | Reduced |
| Cutler Capital Management, LLC | 153,785 | $8.35M | 2.50% | −1,708−1.1% | Reduced |
| Pacific Ridge Capital Partners, LLC | 140,455 | $7.63M | 1.67% | −4,168−2.9% | Reduced |
| LSV Asset Management | 134,127 | $7.28M | 0.02% | +9,738+7.8% | Added |
| Renaissance Technologies LLC | 128,265 | $6.96M | 0.01% | −13,300−9.4% | Reduced |
| AQR Capital Management LLC | 105,951 | $5.75M | 0.00% | +22,334+26.7% | Added |
| Federated Hermes, Inc. | 104,764 | $5.69M | 0.01% | +32,899+45.8% | Added |
| De Lisle Partners LLP | 96,812 | $5.26M | 0.68% | +3,172+3.4% | Added |
| Hillsdale Investment Management Inc. | 83,071 | $4.51M | 0.12% | −900−1.1% | Reduced |
| Northern Trust Corp | 75,556 | $4.10M | 0.00% | −7,437−9.0% | Reduced |
| Bridgeway Capital Management, LLC | 73,727 | $4.00M | 0.08% | +1,666+2.3% | Added |
| Alliancebernstein L.P. | 70,334 | $3.82M | 0.00% | −1,000−1.4% | Reduced |
| M3F, Inc. | 58,937 | $3.20M | 0.88% | −7,540−11.3% | Reduced |
| Vista Investment Management | 52,737 | $2.86M | 0.95% | +409+0.8% | Added |
| Goldman Sachs Group Inc | 52,595 | $2.86M | 0.00% | +3,283+6.7% | Added |
| Poehling Capital Management, LLC | 52,327 | $2.84M | 0.58% | −6,000−10.3% | Reduced |
| Morgan Stanley | 50,923 | $2.77M | 0.00% | +10,354+25.5% | Added |
| Acadian Asset Management LLC | 47,168 | $2.56M | 0.00% | +1,264+2.8% | Added |
| John W. Rosenthal Capital Management, Inc. | 45,000 | $2.44M | 2.26% | 00.0% | Unchanged |
| Ameriprise Financial Inc | 39,944 | $2.17M | 0.00% | −9,565−19.3% | Reduced |
| Qube Research & Technologies Ltd | 37,244 | $2.02M | 0.00% | +2,666+7.7% | Added |
| Uncommon Cents Investing LLC | 34,743 | $1.89M | 0.46% | +265+0.8% | Added |
| Millennium Management LLC | 34,194 | $1.86M | 0.00% | −5,980−14.9% | Reduced |
| Bank of New York Mellon Corp | 31,314 | $1.70M | 0.00% | −2,952−8.6% | Reduced |
| Royal Bank of Canada | 31,244 | $1.70M | 0.00% | +4,392+16.4% | Added |
| Daytona Street Capital LLC | 30,790 | $1.67M | 1.37% | +30,790 | New |
| Gsa Capital Partners LLP | 30,210 | $1.64M | 0.14% | +18,083+149.1% | Added |
| First Trust Advisors LP | 29,597 | $1.61M | 0.00% | −661−2.2% | Reduced |
| Barclays PLC | 28,454 | $1.55M | 0.00% | +1,665+6.2% | Added |
| Kennedy Capital Management, Inc. | 25,277 | $1.37M | 0.03% | +5,752+29.5% | Added |
| Charles Schwab Investment Management Inc | 24,675 | $1.34M | 0.00% | +2,510+11.3% | Added |
| Gator Capital Management, LLC | 23,965 | $1.30M | 0.27% | +165+0.7% | Added |
| Stifel Financial Corp | 23,035 | $1.25M | 0.00% | +272+1.2% | Added |
| Baird Financial Group, Inc. | 21,240 | $1.15M | 0.00% | 00.0% | Unchanged |
| Two Sigma Investments, LP | 19,691 | $1.07M | 0.00% | −26,516−57.4% | Reduced |
| Nuveen, LLC | 18,897 | $1.03M | 0.00% | 00.0% | Unchanged |
| UBS Group AG | 18,370 | $997.5K | 0.00% | +8,686+89.7% | Added |
| Franklin Resources Inc | 18,097 | $982.7K | 0.00% | −4,116−18.5% | Reduced |
| US Bancorp | 17,884 | $971.1K | 0.00% | 00.0% | Unchanged |
| Bank of America Corp | 17,645 | $958.1K | 0.00% | +4,332+32.5% | Added |
| Wealth Enhancement Advisory Services, LLC | 14,635 | $798.2K | 0.00% | +298+2.1% | Added |
| JPMorgan Chase & Co | 14,580 | $791.7K | 0.00% | −1,605−9.9% | Reduced |
| Creative Planning | 13,528 | $734.6K | 0.00% | +403+3.1% | Added |
| Lazard Asset Management LLC | 12,461 | $676.6K | 0.00% | +799+6.9% | Added |
| Trexquant Investment LP | 12,360 | $671.1K | 0.01% | +12,360 | New |
| Connor, Clark & Lunn Investment Management Ltd. | 12,189 | $661.9K | 0.00% | −220−1.8% | Reduced |
| Principal Financial Group Inc | 11,377 | $617.8K | 0.00% | +3,392+42.5% | Added |
| Invesco Ltd. | 11,215 | $609.0K | 0.00% | +1,848+19.7% | Added |
| Quantinno Capital Management LP | 10,329 | $560.9K | 0.00% | +5,010+94.2% | Added |
| Advisor Group Holdings, Inc. | 10,307 | $559.7K | 0.00% | −277−2.6% | Reduced |
| Rhumbline Advisers | 9,707 | $527.1K | 0.00% | −1,749−15.3% | Reduced |
| State of Wisconsin Investment Board | 9,576 | $520.0K | 0.00% | +3,761+64.7% | Added |
| Kestra Advisory Services, LLC | 9,200 | $499.6K | 0.00% | 00.0% | Unchanged |
| Quest Partners LLC | 9,182 | $498.6K | 0.03% | +9,180+459,000.0% | Added |
| Integrated Quantitative Investments LLC | 9,182 | $498.6K | 0.11% | +9,182 | New |
| Wells Fargo & Company | 8,995 | $488.4K | 0.00% | +2,874+47.0% | Added |
| Alps Advisors Inc | 8,878 | $482.1K | 0.00% | +78+0.9% | Added |
| Wealth Enhancement Trust Services, Inc. | 8,510 | $462.1K | 0.06% | +8,510 | New |
| Legato Capital Management LLC | 8,404 | $456.3K | 0.04% | +8,404 | New |
| Mattern Wealth Management LLC | 8,000 | $434.4K | 0.08% | 00.0% | Unchanged |
| Ieq Capital, LLC | 7,998 | $434.3K | 0.00% | +873+12.3% | Added |
| Jacobs Levy Equity Management, Inc | 7,561 | $410.6K | 0.00% | −87−1.1% | Reduced |
| R Squared Ltd | 7,168 | $389.2K | 0.18% | +7,168 | New |
| Deutsche Bank AG | 7,139 | $387.6K | 0.00% | 00.0% | Unchanged |
| Martingale Asset Management L P | 7,004 | $380.3K | 0.01% | 00.0% | Unchanged |
| Northern Oak Wealth Management Inc | 6,730 | $365.4K | 0.05% | +36+0.5% | Added |
| Prudential Financial Inc | 6,460 | $350.8K | 0.00% | −1,330−17.1% | Reduced |
| Canada Pension Plan Investment Board | 6,400 | $347.5K | 0.00% | +6,400 | New |
| Engineers Gate Manager LP | 6,177 | $335.4K | 0.00% | −365−5.6% | Reduced |
| Thompson Investment Management, Inc. | 6,020 | $326.9K | 0.04% | 00.0% | Unchanged |
| Russell Investments Group, Ltd. | 6,018 | $326.8K | 0.00% | −69−1.1% | Reduced |
| HSBC Holdings PLC | 5,390 | $290.5K | 0.00% | −4,569−45.9% | Reduced |
| Arrowstreet Capital, Limited Partnership | 5,287 | $287.1K | 0.00% | +5,287 | New |
| Jump Financial, LLC | 5,113 | $277.6K | 0.00% | −1,071−17.3% | Reduced |
| Jane Street Group, LLC | 5,061 | $274.8K | 0.00% | +5,061 | New |
| CWM, LLC | 4,927 | $268.0K | 0.00% | +486+10.9% | Added |
| Beese Fulmer Investment Management, Inc. | 4,788 | $260.0K | 0.02% | +38+0.8% | Added |
| Price T Rowe Associates Inc | 4,768 | $259.0K | 0.00% | +586+14.0% | Added |
| Panagora Asset Management Inc | 4,633 | $251.6K | 0.00% | 00.0% | Unchanged |
| ERn Financial, LLC | 4,615 | $250.6K | 0.05% | 00.0% | Unchanged |
| MetLife Investment Management | 4,609 | $250.3K | 0.00% | 00.0% | Unchanged |
| Quadrature Capital Ltd | 4,604 | $250.0K | 0.00% | +4,604 | New |
| Occudo Quantitative Strategies LP | 4,331 | $235.2K | 0.02% | +4,331 | New |
| BNP Paribas Arbitrage, SA | 4,291 | $233.0K | 0.00% | −144−3.2% | Reduced |
| Mercer Global Advisors Inc | 4,029 | $218.8K | 0.00% | +4,029 | New |
| New York State Common Retirement Fund | 3,866 | $209.9K | 0.00% | 00.0% | Unchanged |
| EntryPoint Capital, LLC | 3,721 | $202.1K | 0.08% | −591−13.7% | Reduced |
| Susquehanna Portfolio Strategies, LLC | 3,720 | $202.0K | 0.00% | −1,681−31.1% | Reduced |
| Citigroup Inc | 3,706 | $201.2K | 0.00% | −751−16.8% | Reduced |
| Fedenia Advisers LLC | 3,700 | $200.9K | 0.08% | −400−9.8% | Reduced |
| Mirae Asset Global ETFs Holdings Ltd. | 3,664 | $199.0K | 0.00% | +45+1.2% | Added |
| Johnson Financial Group, Inc. | 3,260 | $177.0K | 0.01% | 00.0% | Unchanged |