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 |
|---|---|---|---|---|---|
| Clearstead Advisors, LLC | 1 | $55 | 0.00% | −10−90.9% | Reduced |
| SRS Capital Advisors, Inc. | 2 | $109 | 0.00% | −4,102−100.0% | Reduced |
| MAI Capital Management | 4 | $218 | 0.00% | +4 | New |
| Nisa Investment Advisors, LLC | 5 | $272 | 0.00% | 00.0% | Unchanged |
| SJS Investment Consulting Inc. | 5 | $272 | 0.00% | +5 | New |
| Assetmark, Inc | 8 | $434 | 0.00% | 00.0% | Unchanged |
| UMA Financial Services, Inc. | 14 | $761 | 0.00% | 00.0% | Unchanged |
| True Wealth Design, LLC | 22 | $1.20K | 0.00% | +3+15.8% | Added |
| Rothschild Investment LLC | 25 | $1.36K | 0.00% | +15+150.0% | Added |
| The PNC Financial Services Group, Inc. | 34 | $1.85K | 0.00% | 00.0% | Unchanged |
| Smartleaf Asset Management LLC | 35 | $1.92K | 0.00% | +35 | New |
| Farther Finance Advisors, LLC | 43 | $2.33K | 0.00% | +41+2,050.0% | Added |
| Optiver Holding B.V. | 74 | $4.02K | 0.00% | 00.0% | Unchanged |
| UBS Asset Management Americas Inc | 94 | $5.10K | 0.00% | +94 | New |
| Whittier Trust Co | 131 | $7.14K | 0.00% | −8−5.8% | Reduced |
| Allworth Financial LP | 135 | $7.33K | 0.00% | +32+31.1% | Added |
| Signaturefd, LLC | 151 | $8.20K | 0.00% | +138+1,061.5% | Added |
| IFP Advisors, Inc | 174 | $9.45K | 0.00% | +18+11.5% | Added |
| Covestor Ltd | 198 | $11.0K | 0.01% | +2+1.0% | Added |
| Quadrant Capital Group LLC | 223 | $12.1K | 0.00% | +66+42.0% | Added |
| Tower Research Capital LLC (TRC) | 235 | $12.8K | 0.00% | −136−36.7% | Reduced |
| Harbour Investments, Inc. | 236 | $12.8K | 0.00% | +1+0.4% | Added |
| Amalgamated Bank | 250 | $14.0K | 0.00% | −29−10.4% | Reduced |
| Essential Partners LLC | 293 | $15.9K | 0.00% | +27+10.2% | Added |
| GAMMA Investing LLC | 309 | $16.8K | 0.00% | −8−2.5% | Reduced |
| Rockefeller Capital Management L.P. | 392 | $21.3K | 0.00% | 00.0% | Unchanged |
| Sterling Capital Management LLC | 433 | $23.5K | 0.00% | −85−16.4% | Reduced |
| California State Teachers Retirement System | 489 | $26.6K | 0.00% | −83−14.5% | Reduced |
| Ameritas Investment Partners, Inc. | 645 | $35.0K | 0.00% | −156−19.5% | Reduced |
| Versant Capital Management, Inc | 676 | $36.7K | 0.00% | +89+15.2% | Added |
| Legal & General Group Plc | 724 | $39.3K | 0.00% | 00.0% | Unchanged |
| State of Alaska, Department of Revenue | 905 | $48.0K | 0.00% | +575+174.2% | Added |
| FMR LLC | 918 | $49.8K | 0.00% | +294+47.1% | Added |
| EverSource Wealth Advisors, LLC | 1,219 | $66.2K | 0.00% | −65−5.1% | Reduced |
| Public Employees Retirement System of Ohio | 1,529 | $83.0K | 0.00% | 00.0% | Unchanged |
| Police & Firemen's Retirement System of New Jersey | 1,798 | $97.6K | 0.00% | −719−28.6% | Reduced |
| SG Americas Securities, LLC | 2,751 | $149.0K | 0.00% | +2,751 | New |
| Eurizon Capital SGR S.p.A. | 2,846 | $155.5K | 0.00% | +2,846 | New |
| Harbor Capital Advisors, Inc. | 3,036 | $165.0K | 0.01% | +160+5.6% | Added |
| Johnson Financial Group, Inc. | 3,260 | $177.0K | 0.01% | 00.0% | Unchanged |
| Mirae Asset Global ETFs Holdings Ltd. | 3,664 | $199.0K | 0.00% | +45+1.2% | Added |
| Fedenia Advisers LLC | 3,700 | $200.9K | 0.08% | −400−9.8% | Reduced |
| Citigroup Inc | 3,706 | $201.2K | 0.00% | −751−16.8% | Reduced |
| Susquehanna Portfolio Strategies, LLC | 3,720 | $202.0K | 0.00% | −1,681−31.1% | Reduced |
| EntryPoint Capital, LLC | 3,721 | $202.1K | 0.08% | −591−13.7% | Reduced |
| New York State Common Retirement Fund | 3,866 | $209.9K | 0.00% | 00.0% | Unchanged |
| Mercer Global Advisors Inc | 4,029 | $218.8K | 0.00% | +4,029 | New |
| BNP Paribas Arbitrage, SA | 4,291 | $233.0K | 0.00% | −144−3.2% | Reduced |
| Occudo Quantitative Strategies LP | 4,331 | $235.2K | 0.02% | +4,331 | New |
| Quadrature Capital Ltd | 4,604 | $250.0K | 0.00% | +4,604 | New |
| MetLife Investment Management | 4,609 | $250.3K | 0.00% | 00.0% | Unchanged |
| ERn Financial, LLC | 4,615 | $250.6K | 0.05% | 00.0% | Unchanged |
| Panagora Asset Management Inc | 4,633 | $251.6K | 0.00% | 00.0% | Unchanged |
| Price T Rowe Associates Inc | 4,768 | $259.0K | 0.00% | +586+14.0% | Added |
| Beese Fulmer Investment Management, Inc. | 4,788 | $260.0K | 0.02% | +38+0.8% | Added |
| CWM, LLC | 4,927 | $268.0K | 0.00% | +486+10.9% | Added |
| Jane Street Group, LLC | 5,061 | $274.8K | 0.00% | +5,061 | New |
| Jump Financial, LLC | 5,113 | $277.6K | 0.00% | −1,071−17.3% | Reduced |
| Arrowstreet Capital, Limited Partnership | 5,287 | $287.1K | 0.00% | +5,287 | New |
| HSBC Holdings PLC | 5,390 | $290.5K | 0.00% | −4,569−45.9% | Reduced |
| Russell Investments Group, Ltd. | 6,018 | $326.8K | 0.00% | −69−1.1% | Reduced |
| Thompson Investment Management, Inc. | 6,020 | $326.9K | 0.04% | 00.0% | Unchanged |
| Engineers Gate Manager LP | 6,177 | $335.4K | 0.00% | −365−5.6% | Reduced |
| Canada Pension Plan Investment Board | 6,400 | $347.5K | 0.00% | +6,400 | New |
| Prudential Financial Inc | 6,460 | $350.8K | 0.00% | −1,330−17.1% | Reduced |
| Northern Oak Wealth Management Inc | 6,730 | $365.4K | 0.05% | +36+0.5% | Added |
| Martingale Asset Management L P | 7,004 | $380.3K | 0.01% | 00.0% | Unchanged |
| Deutsche Bank AG | 7,139 | $387.6K | 0.00% | 00.0% | Unchanged |
| R Squared Ltd | 7,168 | $389.2K | 0.18% | +7,168 | New |
| Jacobs Levy Equity Management, Inc | 7,561 | $410.6K | 0.00% | −87−1.1% | Reduced |
| Ieq Capital, LLC | 7,998 | $434.3K | 0.00% | +873+12.3% | Added |
| Mattern Wealth Management LLC | 8,000 | $434.4K | 0.08% | 00.0% | Unchanged |
| Legato Capital Management LLC | 8,404 | $456.3K | 0.04% | +8,404 | New |
| Wealth Enhancement Trust Services, Inc. | 8,510 | $462.1K | 0.06% | +8,510 | New |
| Alps Advisors Inc | 8,878 | $482.1K | 0.00% | +78+0.9% | Added |
| Wells Fargo & Company | 8,995 | $488.4K | 0.00% | +2,874+47.0% | Added |
| 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 |
| Kestra Advisory Services, LLC | 9,200 | $499.6K | 0.00% | 00.0% | Unchanged |
| State of Wisconsin Investment Board | 9,576 | $520.0K | 0.00% | +3,761+64.7% | Added |
| Rhumbline Advisers | 9,707 | $527.1K | 0.00% | −1,749−15.3% | Reduced |
| Advisor Group Holdings, Inc. | 10,307 | $559.7K | 0.00% | −277−2.6% | Reduced |
| Quantinno Capital Management LP | 10,329 | $560.9K | 0.00% | +5,010+94.2% | Added |
| Invesco Ltd. | 11,215 | $609.0K | 0.00% | +1,848+19.7% | Added |
| Principal Financial Group Inc | 11,377 | $617.8K | 0.00% | +3,392+42.5% | Added |
| Connor, Clark & Lunn Investment Management Ltd. | 12,189 | $661.9K | 0.00% | −220−1.8% | Reduced |
| Trexquant Investment LP | 12,360 | $671.1K | 0.01% | +12,360 | New |
| Lazard Asset Management LLC | 12,461 | $676.6K | 0.00% | +799+6.9% | Added |
| Creative Planning | 13,528 | $734.6K | 0.00% | +403+3.1% | Added |
| JPMorgan Chase & Co | 14,580 | $791.7K | 0.00% | −1,605−9.9% | Reduced |
| Wealth Enhancement Advisory Services, LLC | 14,635 | $798.2K | 0.00% | +298+2.1% | Added |
| Bank of America Corp | 17,645 | $958.1K | 0.00% | +4,332+32.5% | Added |
| US Bancorp | 17,884 | $971.1K | 0.00% | 00.0% | Unchanged |
| Franklin Resources Inc | 18,097 | $982.7K | 0.00% | −4,116−18.5% | Reduced |
| UBS Group AG | 18,370 | $997.5K | 0.00% | +8,686+89.7% | Added |
| Nuveen, LLC | 18,897 | $1.03M | 0.00% | 00.0% | Unchanged |
| Two Sigma Investments, LP | 19,691 | $1.07M | 0.00% | −26,516−57.4% | Reduced |
| Baird Financial Group, Inc. | 21,240 | $1.15M | 0.00% | 00.0% | Unchanged |
| Stifel Financial Corp | 23,035 | $1.25M | 0.00% | +272+1.2% | Added |
| Gator Capital Management, LLC | 23,965 | $1.30M | 0.27% | +165+0.7% | Added |