Skip to main content

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.

Institutional holdersQ1 2026: 144 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 heldQ1 2026: $311.6M
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, Q1 2026

Shares, value and share of portfolio for each institution holding First Business Financial Services, Inc.; share changes are against Q4 2025.

Institutions holding FBIZ in Q1 2026
InstitutionSharesValue% of portfolioChange in sharesAction
Nisa Investment Advisors, LLC5$2700.00%00.0%Unchanged
SJS Investment Consulting Inc.7$3780.00%+2+40.0%Added
Assetmark, Inc8$4310.00%00.0%Unchanged
Root Financial Partners, LLC11$5930.00%+11New
Parallel Advisors, LLC15$8090.00%+15New
SRS Capital Advisors, Inc.19$1.02K0.00%+17+850.0%Added
MAI Capital Management21$1.13K0.00%+17+425.0%Added
True Wealth Design, LLC22$1.19K0.00%00.0%Unchanged
Rothschild Investment LLC28$1.51K0.00%+3+12.0%Added
Simplex Trading, LLC29$1.56K0.00%+29New
The PNC Financial Services Group, Inc.34$1.83K0.00%00.0%Unchanged
Farther Finance Advisors, LLC43$2.35K0.00%00.0%Unchanged
Smartleaf Asset Management LLC51$2.76K0.00%+16+45.7%Added
Advisor Group Holdings, Inc.71$3.83K0.00%−10,236−99.3%Reduced
Optiver Holding B.V.82$4.42K0.00%+8+10.8%Added
Signaturefd, LLC153$8.25K0.00%+2+1.3%Added
Allworth Financial LP163$8.79K0.00%+28+20.7%Added
Meeder Asset Management Inc169$9.11K0.00%+169New
IFP Advisors, Inc174$9.38K0.00%00.0%Unchanged
Covestor Ltd190$11.0K0.01%−8−4.0%Reduced
Essential Partners LLC235$12.7K0.00%−58−19.8%Reduced
Sterling Capital Management LLC253$13.6K0.00%−180−41.6%Reduced
Quadrant Capital Group LLC284$15.3K0.00%+61+27.4%Added
Ares Financial Consulting, LLC283$15.4K0.01%+283New
UBS Asset Management Americas Inc306$16.5K0.00%+212+225.5%Added
GAMMA Investing LLC322$17.4K0.00%+13+4.2%Added
California State Teachers Retirement System430$23.2K0.00%−59−12.1%Reduced
Rockefeller Capital Management L.P.524$28.3K0.00%+132+33.7%Added
Los Angeles Capital Management LLC557$30.0K0.00%+557New
Ameritas Investment Partners, Inc.645$34.8K0.00%00.0%Unchanged
Versant Capital Management, Inc676$36.5K0.00%00.0%Unchanged
Legal & General Group Plc724$39.0K0.00%00.0%Unchanged
FMR LLC752$40.6K0.00%−166−18.1%Reduced
State of Alaska, Department of Revenue905$48.0K0.00%00.0%Unchanged
Citigroup Inc1,142$61.6K0.00%−2,564−69.2%Reduced
EverSource Wealth Advisors, LLC1,222$65.9K0.00%+3+0.2%Added
Harbour Investments, Inc.1,237$66.7K0.00%+1,001+424.2%Added
Public Employees Retirement System of Ohio1,529$82.5K0.00%00.0%Unchanged
Tower Research Capital LLC (TRC)1,551$83.6K0.00%+1,316+560.0%Added
Police & Firemen's Retirement System of New Jersey1,798$97.0K0.00%00.0%Unchanged
Harbor Capital Advisors, Inc.2,329$126.0K0.01%−707−23.3%Reduced
Eurizon Capital SGR S.p.A.2,981$162.1K0.00%+135+4.7%Added
Wells Fargo & Company3,096$167.0K0.00%−5,899−65.6%Reduced
Vanguard Global Advisers, LLC3,349$180.6K0.00%+3,349New
EntryPoint Capital, LLC3,721$200.7K0.06%00.0%Unchanged
XTX Topco Ltd3,760$202.8K0.00%+3,760New
Mirae Asset Global ETFs Holdings Ltd.3,831$206.6K0.00%+167+4.6%Added
New York State Common Retirement Fund3,866$208.5K0.00%00.0%Unchanged
Jump Financial, LLC4,100$221.1K0.00%−1,013−19.8%Reduced
GWM Advisors LLC4,276$230.6K0.00%+4,276New
Citadel Advisors LLC4,456$240.3K0.00%+4,456New
KLCM Advisors, Inc.4,500$242.7K0.02%+4,500New
MetLife Investment Management4,609$248.6K0.00%00.0%Unchanged
Occudo Quantitative Strategies LP4,427$248.8K0.01%+96+2.2%Added
ERn Financial, LLC4,615$248.9K0.05%00.0%Unchanged
Mercer Global Advisors Inc4,729$255.0K0.00%+700+17.4%Added
Beese Fulmer Investment Management, Inc.4,786$258.1K0.02%−20.0%Reduced
Panagora Asset Management Inc5,031$271.3K0.00%+398+8.6%Added
HSBC Holdings PLC5,023$272.0K0.00%−367−6.8%Reduced
CWM, LLC5,146$277.5K0.00%+219+4.4%Added
Arrowstreet Capital, Limited Partnership5,287$285.1K0.00%00.0%Unchanged
Wealth Enhancement Advisory Services, LLC5,305$292.8K0.00%−9,330−63.8%Reduced
Price T Rowe Associates Inc5,441$294.0K0.00%+673+14.1%Added
Russell Investments Group, Ltd.5,961$321.5K0.00%−57−0.9%Reduced
Thompson Investment Management, Inc.6,020$324.7K0.04%00.0%Unchanged
Quadrature Capital Ltd6,032$325.3K0.00%+1,428+31.0%Added
Wealth Enhancement Trust Services, Inc.6,340$341.9K0.04%−2,170−25.5%Reduced
Canada Pension Plan Investment Board6,400$345.2K0.00%00.0%Unchanged
Man Group plc6,755$364.3K0.00%+6,755New
Northern Oak Wealth Management Inc6,772$365.2K0.05%+42+0.6%Added
Martingale Asset Management L P7,004$377.7K0.01%00.0%Unchanged
Deutsche Bank AG7,139$385.0K0.00%00.0%Unchanged
Prudential Financial Inc7,220$389.4K0.00%+760+11.8%Added
BNP Paribas Arbitrage, SA7,409$399.6K0.00%+3,118+72.7%Added
JPMorgan Chase & Co7,679$415.5K0.00%−6,901−47.3%Reduced
Mattern Wealth Management LLC8,000$431.4K0.08%00.0%Unchanged
Ieq Capital, LLC8,163$440.2K0.00%+165+2.1%Added
Jacobs Levy Equity Management, Inc8,210$442.8K0.00%+649+8.6%Added
R Squared Ltd8,259$445.4K0.24%+1,091+15.2%Added
Jane Street Group, LLC8,667$467.4K0.00%+3,606+71.3%Added
Kestra Advisory Services, LLC9,200$496.2K0.00%00.0%Unchanged
Rhumbline Advisers9,657$520.8K0.00%−50−0.5%Reduced
Engineers Gate Manager LP10,193$549.7K0.01%+4,016+65.0%Added
Invesco Ltd.10,420$562.0K0.00%−795−7.1%Reduced
Legato Capital Management LLC10,847$585.0K0.05%+2,443+29.1%Added
State of Wisconsin Investment Board11,560$623.4K0.00%+1,984+20.7%Added
Connor, Clark & Lunn Investment Management Ltd.12,189$657.4K0.00%00.0%Unchanged
Quantinno Capital Management LP13,359$720.5K0.00%+3,030+29.3%Added
Creative Planning13,386$721.9K0.00%−142−1.0%Reduced
Trexquant Investment LP14,065$758.5K0.01%+1,705+13.8%Added
Squarepoint Ops LLC14,380$775.5K0.00%+14,380New
UBS Group AG14,389$776.0K0.00%−3,981−21.7%Reduced
Integrated Quantitative Investments LLC15,622$842.5K0.15%+6,440+70.1%Added
Lazard Asset Management LLC16,773$904.6K0.00%+4,312+34.6%Added
Barclays PLC17,680$953.5K0.00%−10,774−37.9%Reduced
Franklin Resources Inc17,867$963.6K0.00%−230−1.3%Reduced
US Bancorp17,884$964.5K0.00%00.0%Unchanged
Nuveen, LLC19,520$1.05M0.00%+623+3.3%Added
Baird Financial Group, Inc.21,240$1.15M0.00%00.0%Unchanged
Charles Schwab Investment Management Inc22,373$1.21M0.00%−2,302−9.3%Reduced