FBIZ First Business Financial Services, Inc.

NASDAQ
$70.80

First Business Financial Services, Inc. (FBIZ) Institutional Ownership

What the institutions did with FBIZ last quarter, from their 13F filings. Counting managers rather than shares is the point: a single index fund adding to a position tells you far less than four hundred separate managers all deciding to. Positions as reported for the quarter ended June 30, 2026.

Managers compared
154
filed both this quarter and last
Managers holding
141
-2 on the quarter
Buyers
76
11 opened new
Sellers
53
13 sold out entirely
Buyer share
58.9%
of managers who traded it
Breadth
+17.8
net buyers, as a share of those trading

Every manager below opens. Subscribers can see any firm's whole portfolio — every position, its weight, and what they bought, trimmed and exited last quarter.

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Ownership map

Each block is one manager, sized by shares held and colored by how much they moved the position last quarter. Green added, red cut, grey stood pat.

Cut Unchanged Added Color saturates at ±50%.

Largest holders

Manager Shares % of reported
BlackRock, Inc. 928.4K 15.6%
DIMENSIONAL FUND ADVISORS LP 498.4K 8.4%
VANGUARD CAPITAL MANAGEMENT LLC 343.5K 5.8%
First Business Financial Services, Inc. 340.2K 5.7%
AMERICAN CENTURY COMPANIES INC 272.8K 4.6%
MANUFACTURERS LIFE INSURANCE COMPANY, THE 243.0K 4.1%
GEODE CAPITAL MANAGEMENT, LLC 215.0K 3.6%
STATE STREET CORP 187.4K 3.2%
BANC FUNDS CO LLC 163.2K 2.7%
Cutler Capital Management, LLC 154.3K 2.6%
LSV ASSET MANAGEMENT 141.0K 2.4%
Pacific Ridge Capital Partners, LLC 139.8K 2.4%
AQR CAPITAL MANAGEMENT LLC 128.9K 2.2%
FEDERATED HERMES, INC. 125.6K 2.1%
RENAISSANCE TECHNOLOGIES LLC 120.9K 2.0%
VANGUARD PORTFOLIO MANAGEMENT LLC 101.5K 1.7%
De Lisle Partners LLP 98.8K 1.7%
Hillsdale Investment Management Inc. 91.7K 1.5%
NORTHERN TRUST CORP 83.4K 1.4%
BRIDGEWAY CAPITAL MANAGEMENT, LLC 80.6K 1.4%
MORGAN STANLEY 80.0K 1.3%
TWO SIGMA INVESTMENTS, LP 73.6K 1.2%
Qube Research & Technologies Ltd 61.5K 1.0%
VANGUARD FIDUCIARY TRUST CO 54.4K 0.9%
ACADIAN ASSET MANAGEMENT LLC 53.9K 0.9%

Largest changes

Manager Action Previous Current Change
BlackRock, Inc. Increased 870.2K 928.4K +58.2K
TWO SIGMA INVESTMENTS, LP Increased 31.7K 73.6K +41.9K
AQR CAPITAL MANAGEMENT LLC Increased 94.6K 128.9K +34.3K
AMERICAN CENTURY COMPANIES INC Increased 240.1K 272.8K +32.7K
M3F, Inc. Sold Out 29.7K 0 -29.7K
First Business Financial Services, Inc. Reduced 361.3K 340.2K -21.1K
FRANKLIN RESOURCES INC Sold Out 17.9K 0 -17.9K
LAZARD ASSET MANAGEMENT LLC Sold Out 16.8K 0 -16.8K
CITADEL ADVISORS LLC Increased 4.5K 20.9K +16.4K
ALLIANCEBERNSTEIN L.P. Reduced 59.0K 43.3K -15.7K
GEODE CAPITAL MANAGEMENT, LLC Increased 199.8K 215.0K +15.2K
Squarepoint Ops LLC Increased 14.4K 28.1K +13.7K
STATE STREET CORP Increased 173.7K 187.4K +13.7K
GOLDMAN SACHS GROUP INC Reduced 55.4K 42.7K -12.7K
Integrated Quantitative Investments LLC Reduced 15.6K 3.9K -11.7K
Legato Capital Management LLC Sold Out 10.8K 0 -10.8K
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Increased 5.3K 15.8K +10.5K
OSAIC HOLDINGS, INC. Increased 71 10.4K +10.3K
GSA CAPITAL PARTNERS LLP Reduced 29.3K 19.2K -10.1K
Creative Planning Increased 13.4K 23.4K +10.0K
FEDERATED HERMES, INC. Increased 116.1K 125.6K +9.4K
Quantinno Capital Management LP Increased 13.4K 22.7K +9.4K
VANGUARD PORTFOLIO MANAGEMENT LLC Increased 92.3K 101.5K +9.3K
Kestra Advisory Services, LLC Sold Out 9.2K 0 -9.2K
JANE STREET GROUP, LLC Sold Out 8.7K 0 -8.7K
Hillsdale Investment Management Inc. Increased 83.1K 91.7K +8.6K
R Squared Ltd Sold Out 8.3K 0 -8.3K
MILLENNIUM MANAGEMENT LLC Reduced 33.2K 25.4K -7.8K
Gator Capital Management, LLC Reduced 24.8K 17.8K -7.0K
BNP PARIBAS FINANCIAL MARKETS Increased 7.4K 14.4K +7.0K
XTX Topco Ltd Increased 3.8K 9.3K +5.5K
IEQ CAPITAL, LLC Increased 8.2K 13.5K +5.3K
Mariner, LLC New 0 5.1K +5.1K
PANAGORA ASSET MANAGEMENT INC Sold Out 5.0K 0 -5.0K
HSBC HOLDINGS PLC Sold Out 5.0K 0 -5.0K
MORGAN STANLEY Increased 75.7K 80.0K +4.3K
Sterling Capital Management LLC Increased 253 4.4K +4.2K
Sequoia Financial Advisors, LLC New 0 4.0K +4.0K
Vanguard Personalized Indexing Management, LLC New 0 3.9K +3.9K
NORTHERN TRUST CORP Increased 79.5K 83.4K +3.9K
NewEdge Advisors, LLC Reduced 4.3K 404 -3.9K
WELLS FARGO & COMPANY/MN Increased 3.1K 6.9K +3.8K
OCCUDO QUANTITATIVE STRATEGIES LP Increased 4.4K 8.2K +3.8K
Russell Investments Group, Ltd. Increased 6.0K 9.7K +3.7K
UBS Group AG Reduced 14.4K 10.7K -3.7K
JONES FINANCIAL COMPANIES LLLP New 0 3.7K +3.7K
Atlatl Advisers LLC New 0 3.7K +3.7K
ALGERT GLOBAL LLC New 0 3.6K +3.6K
Merit Financial Group, LLC New 0 3.6K +3.6K
Susquehanna Portfolio Strategies, LLC New 0 3.4K +3.4K
US BANCORP \DE\ Reduced 17.9K 14.5K -3.4K
CITIGROUP INC Increased 1.1K 4.4K +3.3K
EVERGREEN CAPITAL MANAGEMENT LLC New 0 3.2K +3.2K
Empowered Funds, LLC Increased 42.0K 45.2K +3.2K
BRIDGEWAY CAPITAL MANAGEMENT, LLC Increased 77.4K 80.6K +3.2K
Engineers Gate Manager LP Reduced 10.2K 7.1K -3.1K
BANC FUNDS CO LLC Reduced 166.2K 163.2K -3.0K
VANGUARD CAPITAL MANAGEMENT LLC Increased 340.5K 343.5K +2.9K
MERCER GLOBAL ADVISORS INC /ADV Increased 4.7K 7.4K +2.7K
VANGUARD FIDUCIARY TRUST CO Increased 51.7K 54.4K +2.7K

13F filings are due 45 days after quarter end and cover long positions in U.S.-listed equities only, so this is a lagged and partial picture: shorts, bonds and foreign listings never appear. Options positions are excluded here rather than folded into the share counts. Political ownership is coming.