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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, Q2 2026

Institutional positions in First Business Financial Services, Inc. as of Jun 30, 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
141
−2 vs. Q1 2026
Shares held
5.94M
+172.1K (+3.0%) vs. Q1 2026
Total value
$375.1M
+$63.7M (+20.5%) vs. Q1 2026
New holders
11
65 more added
Sold out
13
40 more reduced

1 institution that held it in Q1 2026 haven't filed for Q2 2026 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q1 2026: 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 holdersQ2 2026: 141 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 heldQ2 2026: $375.1M
Q1 2021: $137.8MQ2 2021: $140.0MQ3 2021: $144.1MQ4 2021: $150.3MQ1 2022: $171.0MQ2 2022: $172.3MQ3 2022: $180.3MQ4 2022: $196.2MQ1 2023: $162.8MQ2 2023: $156.0MQ3 2023: $156.1MQ4 2023: $208.6MQ1 2024: $199.0MQ2 2024: $192.8MQ3 2024: $242.5MQ4 2024: $257.0MQ1 2025: $264.0MQ2 2025: $286.5MQ3 2025: $293.0MQ4 2025: $310.8MQ1 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$310.8M
Q3 2025136$293.0M
Q2 2025117$286.5M
Q1 2025116$264.0M
Q4 2024104$257.0M
Q3 202494$242.5M
Q2 202488$192.8M
Q1 202484$199.0M
Q4 202384$208.6M
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$150.3M
Q3 202176$144.1M
Q2 202178$140.0M
Q1 202177$137.8M

Institutions, Q2 2026

Shares, value and share of portfolio for each institution holding First Business Financial Services, Inc.; share changes are against Q1 2026.

Institutions holding FBIZ in Q2 2026
InstitutionSharesValue% of portfolioChange in sharesAction
Charles Schwab Investment Management Inc23,895$1.51M0.00%+1,522+6.8%Added
Bank of America Corp23,989$1.52M0.00%−35−0.1%Reduced
Kennedy Capital Management, Inc.24,280$1.53M0.03%−997−3.9%Reduced
Millennium Management LLC25,364$1.60M0.00%−7,811−23.5%Reduced
Squarepoint Ops LLC28,061$1.77M0.00%+13,681+95.1%Added
Daytona Street Capital LLC29,623$1.88M1.37%−1,167−3.8%Reduced
First Trust Advisors LP30,700$1.94M0.00%+1,287+4.4%Added
Royal Bank of Canada31,243$1.97M0.00%+221+0.7%Added
Bank of New York Mellon Corp32,634$2.06M0.00%+1,825+5.9%Added
Uncommon Cents Investing LLC33,878$2.14M0.46%−125−0.4%Reduced
Alliancebernstein L.P.43,294$2.33M0.00%−15,690−26.6%Reduced
Goldman Sachs Group Inc42,680$2.70M0.00%−12,719−23.0%Reduced
John W. Rosenthal Capital Management, Inc.45,000$2.84M2.49%00.0%Unchanged
Empowered Funds, LLC45,157$2.85M0.02%+3,175+7.6%Added
Ameriprise Financial Inc48,817$3.08M0.00%+360+0.7%Added
Vista Investment Management52,349$3.31M1.00%−421−0.8%Reduced
Acadian Asset Management LLC53,855$3.40M0.00%00.0%Unchanged
Vanguard Fiduciary Trust Co54,400$3.44M0.00%+2,707+5.2%Added
Qube Research & Technologies Ltd61,517$3.89M0.00%+1,059+1.8%Added
Two Sigma Investments, LP73,566$4.65M0.00%+41,870+132.1%Added
Morgan Stanley79,994$5.05M0.00%+4,275+5.6%Added
Bridgeway Capital Management, LLC80,557$5.09M0.09%+3,175+4.1%Added
Northern Trust Corp83,399$5.27M0.00%+3,926+4.9%Added
Hillsdale Investment Management Inc.91,671$5.79M0.13%+8,600+10.4%Added
De Lisle Partners LLP98,812$6.26M0.68%00.0%Unchanged
Vanguard Portfolio Management LLC101,542$6.41M0.00%+9,273+10.0%Added
Renaissance Technologies LLC120,865$7.64M0.01%−1,600−1.3%Reduced
Federated Hermes, Inc.125,563$7.93M0.01%+9,430+8.1%Added
AQR Capital Management LLC128,927$8.14M0.00%+34,300+36.2%Added
Pacific Ridge Capital Partners, LLC139,808$8.83M1.60%−1,084−0.8%Reduced
LSV Asset Management141,025$8.91M0.02%−2,600−1.8%Reduced
Cutler Capital Management, LLC154,346$9.75M2.53%−244−0.2%Reduced
Banc Funds Co LLC163,224$10.3M1.70%−3,000−1.8%Reduced
State Street Corp187,371$11.8M0.00%+13,653+7.9%Added
Geode Capital Management, LLC214,987$13.6M0.00%+15,215+7.6%Added
Manufacturers Life Insurance Company, The243,005$15.4M0.01%−1,790−0.7%Reduced
American Century Companies Inc272,788$17.2M0.01%+32,651+13.6%Added
First Business Financial Services, Inc.340,189$21.5M1.67%−21,122−5.8%Reduced
Vanguard Capital Management LLC343,482$21.7M0.00%+2,944+0.9%Added
Dimensional Fund Advisors LP498,430$31.5M0.01%−1,286−0.3%Reduced
BlackRock, Inc.928,380$58.6M0.00%+58,178+6.7%Added
M3F, Inc.0$00.00%−29,685−100.0%Sold out
Franklin Resources Inc0$00.00%−17,867−100.0%Sold out
Lazard Asset Management LLC0$00.00%−16,773−100.0%Sold out
Legato Capital Management LLC0$00.00%−10,847−100.0%Sold out
Kestra Advisory Services, LLC0$00.00%−9,200−100.0%Sold out
Jane Street Group, LLC0$00.00%−8,667−100.0%Sold out
R Squared Ltd0$00.00%−8,259−100.0%Sold out
HSBC Holdings PLC0$00.00%−5,023−100.0%Sold out
Panagora Asset Management Inc0$00.00%−5,031−100.0%Sold out
Quadrant Capital Group LLC0$00.00%−284−100.0%Sold out
Simplex Trading, LLC0$00.00%−29−100.0%Sold out
MAI Capital Management0$00.00%−21−100.0%Sold out
Root Financial Partners, LLC0$00.00%−11−100.0%Sold out
CWM, LLC––––Not filed