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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, 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.

Institutional holdersQ4 2025: 139 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 heldQ4 2025: $310.6M
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, Q4 2025

Shares, value and share of portfolio for each institution holding First Business Financial Services, Inc.; share changes are against Q3 2025.

Institutions holding FBIZ in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Harbor Capital Advisors, Inc.3,036$165.0K0.01%+160+5.6%Added
Eurizon Capital SGR S.p.A.2,846$155.5K0.00%+2,846New
SG Americas Securities, LLC2,751$149.0K0.00%+2,751New
Police & Firemen's Retirement System of New Jersey1,798$97.6K0.00%−719−28.6%Reduced
Public Employees Retirement System of Ohio1,529$83.0K0.00%00.0%Unchanged
EverSource Wealth Advisors, LLC1,219$66.2K0.00%−65−5.1%Reduced
FMR LLC918$49.8K0.00%+294+47.1%Added
State of Alaska, Department of Revenue905$48.0K0.00%+575+174.2%Added
Legal & General Group Plc724$39.3K0.00%00.0%Unchanged
Versant Capital Management, Inc676$36.7K0.00%+89+15.2%Added
Ameritas Investment Partners, Inc.645$35.0K0.00%−156−19.5%Reduced
California State Teachers Retirement System489$26.6K0.00%−83−14.5%Reduced
Sterling Capital Management LLC433$23.5K0.00%−85−16.4%Reduced
Rockefeller Capital Management L.P.392$21.3K0.00%00.0%Unchanged
GAMMA Investing LLC309$16.8K0.00%−8−2.5%Reduced
Essential Partners LLC293$15.9K0.00%+27+10.2%Added
Amalgamated Bank250$14.0K0.00%−29−10.4%Reduced
Harbour Investments, Inc.236$12.8K0.00%+1+0.4%Added
Tower Research Capital LLC (TRC)235$12.8K0.00%−136−36.7%Reduced
Quadrant Capital Group LLC223$12.1K0.00%+66+42.0%Added
Covestor Ltd198$11.0K0.01%+2+1.0%Added
IFP Advisors, Inc174$9.45K0.00%+18+11.5%Added
Signaturefd, LLC151$8.20K0.00%+138+1,061.5%Added
Allworth Financial LP135$7.33K0.00%+32+31.1%Added
Whittier Trust Co131$7.14K0.00%−8−5.8%Reduced
UBS Asset Management Americas Inc94$5.10K0.00%+94New
Optiver Holding B.V.74$4.02K0.00%00.0%Unchanged
Farther Finance Advisors, LLC43$2.33K0.00%+41+2,050.0%Added
Smartleaf Asset Management LLC35$1.92K0.00%+35New
The PNC Financial Services Group, Inc.34$1.85K0.00%00.0%Unchanged
Rothschild Investment LLC25$1.36K0.00%+15+150.0%Added
True Wealth Design, LLC22$1.20K0.00%+3+15.8%Added
UMA Financial Services, Inc.14$7610.00%00.0%Unchanged
Assetmark, Inc8$4340.00%00.0%Unchanged
Nisa Investment Advisors, LLC5$2720.00%00.0%Unchanged
SJS Investment Consulting Inc.5$2720.00%+5New
MAI Capital Management4$2180.00%+4New
SRS Capital Advisors, Inc.2$1090.00%−4,102−100.0%Reduced
Clearstead Advisors, LLC1$550.00%−10−90.9%Reduced
Empowered Funds, LLC0$00.00%−36,661−100.0%Sold out
Two Sigma Advisers, LP0$00.00%−15,100−100.0%Sold out
Fourthstone LLC0$00.00%−12,131−100.0%Sold out
CenterBook Partners LP0$00.00%−10,390−100.0%Sold out
Zacks Investment Management0$00.00%−9,727−100.0%Sold out
Semanteon Capital Management, LP0$00.00%−5,102−100.0%Sold out
Los Angeles Capital Management LLC0$00.00%−4,298−100.0%Sold out
Virtus ETF Advisers LLC0$00.00%−2,133−100.0%Sold out
Wealthspire Advisors, LLC0$00.00%−1,800−100.0%Sold out
Northwestern Mutual Wealth Management Co0$00.00%−652−100.0%Sold out
Macquarie Group Ltd0$00.00%−370−100.0%Sold out
Quarry LP0$00.00%−3−100.0%Sold out
Cubist Systematic Strategies, LLC––––Not filed
Point72 Asia (Singapore) Pte. Ltd.––––Not filed
Point72 (DIFC) Ltd––––Not filed