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

Institutions by Trading Activity

Ownership Statistics

8,504,091Shares Outstanding

250,524Shares held by institutions

$14,710,769Value of institutional holdings

64.95%Institutional ownership %

14.48%Shares Changed QoQ

91No. of institutional investors

Shares Owned by Institutions

Shares Purchased/Sold by Institutions

Ownership Summary

First Business Financial Services, Inc. (NASDAQ:FBIZ) currently has 132 active institutional owners and shareholders as of today (December 2025), that have filed 13F forms with the Securities Exchange Commission (SEC).

These investors collectively held 68.7% of the company's total shares outstanding in December 2025, up from 68.5% in September 2025.
The company experienced a 2.18% quarterly change in institutional shares held, alongside an increase of 25.71% in total owners annually.
Of these 132 institutional investors, 65 increased their holdings in First Business Financial Services, while 47 of them reduced positions, and 20 investors maintained their exposure.
Collectively, institutional investors increased their stake in First Business Financial Services to 5.72Mn shares as of December 2025, a change that is up by 122.13K shares quarter on quarter and up 11.42K shares year over year.
The top institutional stake in First Business Financial Services as of December 31, 2025 belongs to BlackRock, Inc., which owns 869.79K shares, or 10.45% of the company.
Among the most significant buyers of First Business Financial Services during December 2025 were FEDERATED HERMES, INC. (32.90K), Daytona Street Capital LLC (30.79K), AQR CAPITAL MANAGEMENT LLC (22.33K), AMERICAN CENTURY COMPANIES INC (18.77K), GSA CAPITAL PARTNERS LLP (18.08K).
Leading sellers of First Business Financial Services stock in December 2025 included BANC FUNDS CO LLC (27.30K), TWO SIGMA INVESTMENTS, LP (26.52K), RENAISSANCE TECHNOLOGIES LLC (13.30K), FIRST BUSINESS FINANCIAL SERVICES, INC. (12.92K), BlackRock, Inc. (12.48K).
The top 10 institutional holders of First Business Financial Services for the quarter ending December 2025 included BlackRock, Inc. (869.79K), DIMENSIONAL FUND ADVISORS LP (499.38K), VANGUARD GROUP INC (480.48K), FIRST BUSINESS FINANCIAL SERVICES, INC. (361.31K), MANUFACTURERS LIFE INSURANCE COMPANY, THE (248.44K), GEODE CAPITAL MANAGEMENT, LLC (235.05K), AMERICAN CENTURY COMPANIES INC (217.01K), BANC FUNDS CO LLC (166.22K), STATE STREET CORP (158.06K), Cutler Capital Management, LLC (153.78K).

132 Institutional Holders

250,524 Total Shares Held

Rows:

Download Data

Owner Name	Date	Shares Held	Change (QoQ)	Change (%)	Value (USD)
BlackRock, Inc.	31 Dec, 2025	869,788	-12,479	-1.41%	$47,229,491.00
DIMENSIONAL FUND ADVISORS LP	31 Dec, 2025	499,376	-6,201	-1.23%	$27,116,347.00
VANGUARD GROUP INC	31 Dec, 2025	480,482	-1,199	-0.25%	$26,090,173.00
FIRST BUSINESS FINANCIAL SERVICES, INC.	31 Dec, 2025	361,311	-12,922	-3.45%	$19,619,187.00
MANUFACTURERS LIFE INSURANCE COMPANY, THE	31 Dec, 2025	248,437	-6,384	-2.51%	$13,490,129.00
GEODE CAPITAL MANAGEMENT, LLC	31 Dec, 2025	235,050	6,347	2.78%	$12,765,338.00
AMERICAN CENTURY COMPANIES INC	31 Dec, 2025	217,010	18,765	9.47%	$11,783,643.00
BANC FUNDS CO LLC	31 Dec, 2025	166,224	-27,300	-14.11%	$9,025,963.00
STATE STREET CORP	31 Dec, 2025	158,055	-906	-0.57%	$8,582,387.00
Cutler Capital Management, LLC	31 Dec, 2025	153,785	-1,708	-1.10%	$8,350,531.00
Pacific Ridge Capital Partners, LLC	31 Dec, 2025	140,455	-4,168	-2.88%	$7,626,707.00
LSV ASSET MANAGEMENT	31 Dec, 2025	134,127	9,738	7.83%	$7,283.00
RENAISSANCE TECHNOLOGIES LLC	31 Dec, 2025	128,265	-13,300	-9.39%	$6,964,790.00
AQR CAPITAL MANAGEMENT LLC	31 Dec, 2025	105,951	22,334	26.71%	$5,753,140.00
FEDERATED HERMES, INC.	31 Dec, 2025	104,764	32,899	45.78%	$5,688,686.00
De Lisle Partners LLP	31 Dec, 2025	96,812	3,172	3.39%	$5,256,892.00
Hillsdale Investment Management Inc.	31 Dec, 2025	83,071	-900	-1.07%	$4,510,755.00
NORTHERN TRUST CORP	31 Dec, 2025	75,556	-7,437	-8.96%	$4,102,691.00
BRIDGEWAY CAPITAL MANAGEMENT, LLC	31 Dec, 2025	73,727	1,666	2.31%	$4,003,376.00
ALLIANCEBERNSTEIN L.P.	31 Dec, 2025	70,334	-1,000	-1.40%	$3,819,136.00

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