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, Q1 2026
Institutional positions in First Business Financial Services, Inc. as of Mar 31, 2026. 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
- 144
- +6 vs. Q4 2025
- Shares held
- 5.78M
- +538.1K (+10.3%) vs. Q4 2025
- Total value
- $311.6M
- +$27.2M (+9.6%) vs. Q4 2025
- New holders
- 17
- 59 more added
- Sold out
- 11
- 36 more reduced
1 institution that held it in Q4 2025 haven't filed for Q1 2026 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q4 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, Q1 2026
Shares, value and share of portfolio for each institution holding First Business Financial Services, Inc.; share changes are against Q4 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| BlackRock, Inc. | 870,202 | $46.9M | 0.00% | +4140.0% | Added |
| Dimensional Fund Advisors LP | 499,716 | $27.0M | 0.01% | +340+0.1% | Added |
| First Business Financial Services, Inc. | 361,311 | $19.5M | 1.73% | 00.0% | Unchanged |
| Vanguard Capital Management LLC | 340,538 | $18.4M | 0.00% | +340,538 | New |
| Manufacturers Life Insurance Company, The | 244,795 | $13.2M | 0.01% | −3,642−1.5% | Reduced |
| American Century Companies Inc | 240,137 | $13.0M | 0.01% | +23,127+10.7% | Added |
| Geode Capital Management, LLC | 199,772 | $10.8M | 0.00% | −35,278−15.0% | Reduced |
| State Street Corp | 173,718 | $9.37M | 0.00% | +15,663+9.9% | Added |
| Banc Funds Co LLC | 166,224 | $8.96M | 1.67% | 00.0% | Unchanged |
| Cutler Capital Management, LLC | 154,590 | $8.34M | 2.30% | +805+0.5% | Added |
| LSV Asset Management | 143,625 | $7.75M | 0.02% | +9,498+7.1% | Added |
| Pacific Ridge Capital Partners, LLC | 140,892 | $7.60M | 1.65% | +437+0.3% | Added |
| Renaissance Technologies LLC | 122,465 | $6.60M | 0.01% | −5,800−4.5% | Reduced |
| Federated Hermes, Inc. | 116,133 | $6.26M | 0.01% | +11,369+10.9% | Added |
| De Lisle Partners LLP | 98,812 | $5.34M | 0.64% | +2,000+2.1% | Added |
| AQR Capital Management LLC | 94,627 | $5.10M | 0.00% | −11,324−10.7% | Reduced |
| Vanguard Portfolio Management LLC | 92,269 | $4.98M | 0.00% | +92,269 | New |
| Hillsdale Investment Management Inc. | 83,071 | $4.48M | 0.12% | 00.0% | Unchanged |
| Northern Trust Corp | 79,473 | $4.29M | 0.00% | +3,917+5.2% | Added |
| Bridgeway Capital Management, LLC | 77,382 | $4.17M | 0.08% | +3,655+5.0% | Added |
| Morgan Stanley | 75,719 | $4.08M | 0.00% | +24,796+48.7% | Added |
| Qube Research & Technologies Ltd | 60,458 | $3.26M | 0.00% | +23,214+62.3% | Added |
| Alliancebernstein L.P. | 58,984 | $3.20M | 0.00% | −11,350−16.1% | Reduced |
| Goldman Sachs Group Inc | 55,399 | $2.99M | 0.00% | +2,804+5.3% | Added |
| Acadian Asset Management LLC | 53,855 | $2.90M | 0.00% | +6,687+14.2% | Added |
| Vista Investment Management | 52,770 | $2.85M | 0.95% | +33+0.1% | Added |
| Vanguard Fiduciary Trust Co | 51,693 | $2.79M | 0.00% | +51,693 | New |
| Ameriprise Financial Inc | 48,457 | $2.61M | 0.00% | +8,513+21.3% | Added |
| John W. Rosenthal Capital Management, Inc. | 45,000 | $2.43M | 2.37% | 00.0% | Unchanged |
| Empowered Funds, LLC | 41,982 | $2.26M | 0.01% | +41,982 | New |
| Uncommon Cents Investing LLC | 34,003 | $1.83M | 0.43% | −740−2.1% | Reduced |
| Millennium Management LLC | 33,175 | $1.79M | 0.00% | −1,019−3.0% | Reduced |
| Two Sigma Investments, LP | 31,696 | $1.71M | 0.00% | +12,005+61.0% | Added |
| Daytona Street Capital LLC | 30,790 | $1.71M | 1.37% | 00.0% | Unchanged |
| Royal Bank of Canada | 31,022 | $1.67M | 0.00% | −222−0.7% | Reduced |
| Bank of New York Mellon Corp | 30,809 | $1.66M | 0.00% | −505−1.6% | Reduced |
| M3F, Inc. | 29,685 | $1.60M | 0.40% | −29,252−49.6% | Reduced |
| First Trust Advisors LP | 29,413 | $1.59M | 0.00% | −184−0.6% | Reduced |
| Gsa Capital Partners LLP | 29,276 | $1.58M | 0.10% | −934−3.1% | Reduced |
| Poehling Capital Management, LLC | 25,615 | $1.38M | 0.29% | −26,712−51.0% | Reduced |
| Kennedy Capital Management, Inc. | 25,277 | $1.36M | 0.03% | 00.0% | Unchanged |
| Gator Capital Management, LLC | 24,815 | $1.34M | 0.29% | +850+3.5% | Added |
| Bank of America Corp | 24,024 | $1.30M | 0.00% | +6,379+36.2% | Added |
| Stifel Financial Corp | 23,190 | $1.25M | 0.00% | +155+0.7% | Added |
| Charles Schwab Investment Management Inc | 22,373 | $1.21M | 0.00% | −2,302−9.3% | Reduced |
| Baird Financial Group, Inc. | 21,240 | $1.15M | 0.00% | 00.0% | Unchanged |
| Nuveen, LLC | 19,520 | $1.05M | 0.00% | +623+3.3% | Added |
| US Bancorp | 17,884 | $964.5K | 0.00% | 00.0% | Unchanged |
| Franklin Resources Inc | 17,867 | $963.6K | 0.00% | −230−1.3% | Reduced |
| Barclays PLC | 17,680 | $953.5K | 0.00% | −10,774−37.9% | Reduced |
| Lazard Asset Management LLC | 16,773 | $904.6K | 0.00% | +4,312+34.6% | Added |
| Integrated Quantitative Investments LLC | 15,622 | $842.5K | 0.15% | +6,440+70.1% | Added |
| UBS Group AG | 14,389 | $776.0K | 0.00% | −3,981−21.7% | Reduced |
| Squarepoint Ops LLC | 14,380 | $775.5K | 0.00% | +14,380 | New |
| Trexquant Investment LP | 14,065 | $758.5K | 0.01% | +1,705+13.8% | Added |
| Creative Planning | 13,386 | $721.9K | 0.00% | −142−1.0% | Reduced |
| Quantinno Capital Management LP | 13,359 | $720.5K | 0.00% | +3,030+29.3% | Added |
| Connor, Clark & Lunn Investment Management Ltd. | 12,189 | $657.4K | 0.00% | 00.0% | Unchanged |
| State of Wisconsin Investment Board | 11,560 | $623.4K | 0.00% | +1,984+20.7% | Added |
| Legato Capital Management LLC | 10,847 | $585.0K | 0.05% | +2,443+29.1% | Added |
| Invesco Ltd. | 10,420 | $562.0K | 0.00% | −795−7.1% | Reduced |
| Engineers Gate Manager LP | 10,193 | $549.7K | 0.01% | +4,016+65.0% | Added |
| Rhumbline Advisers | 9,657 | $520.8K | 0.00% | −50−0.5% | Reduced |
| Kestra Advisory Services, LLC | 9,200 | $496.2K | 0.00% | 00.0% | Unchanged |
| Jane Street Group, LLC | 8,667 | $467.4K | 0.00% | +3,606+71.3% | Added |
| R Squared Ltd | 8,259 | $445.4K | 0.24% | +1,091+15.2% | Added |
| Jacobs Levy Equity Management, Inc | 8,210 | $442.8K | 0.00% | +649+8.6% | Added |
| Ieq Capital, LLC | 8,163 | $440.2K | 0.00% | +165+2.1% | Added |
| Mattern Wealth Management LLC | 8,000 | $431.4K | 0.08% | 00.0% | Unchanged |
| JPMorgan Chase & Co | 7,679 | $415.5K | 0.00% | −6,901−47.3% | Reduced |
| BNP Paribas Arbitrage, SA | 7,409 | $399.6K | 0.00% | +3,118+72.7% | Added |
| Prudential Financial Inc | 7,220 | $389.4K | 0.00% | +760+11.8% | Added |
| Deutsche Bank AG | 7,139 | $385.0K | 0.00% | 00.0% | Unchanged |
| Martingale Asset Management L P | 7,004 | $377.7K | 0.01% | 00.0% | Unchanged |
| Northern Oak Wealth Management Inc | 6,772 | $365.2K | 0.05% | +42+0.6% | Added |
| Man Group plc | 6,755 | $364.3K | 0.00% | +6,755 | New |
| Canada Pension Plan Investment Board | 6,400 | $345.2K | 0.00% | 00.0% | Unchanged |
| Wealth Enhancement Trust Services, Inc. | 6,340 | $341.9K | 0.04% | −2,170−25.5% | Reduced |
| Quadrature Capital Ltd | 6,032 | $325.3K | 0.00% | +1,428+31.0% | Added |
| Thompson Investment Management, Inc. | 6,020 | $324.7K | 0.04% | 00.0% | Unchanged |
| Russell Investments Group, Ltd. | 5,961 | $321.5K | 0.00% | −57−0.9% | Reduced |
| Price T Rowe Associates Inc | 5,441 | $294.0K | 0.00% | +673+14.1% | Added |
| Wealth Enhancement Advisory Services, LLC | 5,305 | $292.8K | 0.00% | −9,330−63.8% | Reduced |
| Arrowstreet Capital, Limited Partnership | 5,287 | $285.1K | 0.00% | 00.0% | Unchanged |
| CWM, LLC | 5,146 | $277.5K | 0.00% | +219+4.4% | Added |
| HSBC Holdings PLC | 5,023 | $272.0K | 0.00% | −367−6.8% | Reduced |
| Panagora Asset Management Inc | 5,031 | $271.3K | 0.00% | +398+8.6% | Added |
| Beese Fulmer Investment Management, Inc. | 4,786 | $258.1K | 0.02% | −20.0% | Reduced |
| Mercer Global Advisors Inc | 4,729 | $255.0K | 0.00% | +700+17.4% | Added |
| ERn Financial, LLC | 4,615 | $248.9K | 0.05% | 00.0% | Unchanged |
| Occudo Quantitative Strategies LP | 4,427 | $248.8K | 0.01% | +96+2.2% | Added |
| MetLife Investment Management | 4,609 | $248.6K | 0.00% | 00.0% | Unchanged |
| KLCM Advisors, Inc. | 4,500 | $242.7K | 0.02% | +4,500 | New |
| Citadel Advisors LLC | 4,456 | $240.3K | 0.00% | +4,456 | New |
| GWM Advisors LLC | 4,276 | $230.6K | 0.00% | +4,276 | New |
| Jump Financial, LLC | 4,100 | $221.1K | 0.00% | −1,013−19.8% | Reduced |
| New York State Common Retirement Fund | 3,866 | $208.5K | 0.00% | 00.0% | Unchanged |
| Mirae Asset Global ETFs Holdings Ltd. | 3,831 | $206.6K | 0.00% | +167+4.6% | Added |
| XTX Topco Ltd | 3,760 | $202.8K | 0.00% | +3,760 | New |
| EntryPoint Capital, LLC | 3,721 | $200.7K | 0.06% | 00.0% | Unchanged |