DaveManuel.com · Institutional Ownership · Who Owns It
FIRST BUSINESS FINL SVCS INC (FBIZ)
Institutional ownership reported to the SEC as of Q2 2026, across 32 quarters.
141
Reporting holders
$375.1M
Reported value
71.0%
Of shares outstanding
0.0%
Calls
0.0%
Puts
-3
Holder change
Institutions report 5,943,803 shares against 8,368,320 outstanding. Shares only - option lines are excluded, which is why this can be compared with the company at all. The count comes from the cover page of the company's own most recent report, so it is dated when that was filed rather than at quarter end.
Calls and puts are the parts of reported value carried in derivative lines rather than shares, and they point in opposite directions: a manager holding calls is positioned for the security, one holding puts against it - or hedging shares they already own, which is why index funds carry so many. Most sites add the two together and report one figure, which averages away the only interesting part.
Holders
| Filer | Value | Shares | Their book | Held | Change |
|---|---|---|---|---|---|
| BlackRock, Inc. | $58.6M | 928,380 | 0.00% | 8q | +6.7%+$3.7M |
| DIMENSIONAL FUND ADVISORS LP | $31.5M | 498,430 | 0.01% | 31q | HELD |
| VANGUARD CAPITAL MANAGEMENT LLC | $21.7M | 343,482 | 0.00% | 2q | +0.9%+$186.0K |
| First Business Financial Services, Inc. | $21.5M | 340,189 | 1.67% | 31q | -5.8%-$1.3M |
| AMERICAN CENTURY COMPANIES INC | $17.2M | 272,788 | 0.01% | 22q | +13.6%+$2.1M |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $15.4M | 243,005 | 0.01% | 31q | -0.7%-$113.1K |
| GEODE CAPITAL MANAGEMENT, LLC | $13.6M | 214,987 | 0.00% | 31q | +7.6%+$961.3K |
| STATE STREET CORP | $11.8M | 187,371 | 0.00% | 31q | +7.9%+$862.5K |
| BANC FUNDS CO LLC | $10.3M | 163,224 | 1.70% | 31q | -1.8%-$189.5K |
| Cutler Capital Management, LLC | $9.8M | 154,346 | 2.53% | 31q | HELD |
| LSV ASSET MANAGEMENT | $8.9M | 141,025 | 0.02% | 31q | -1.8%-$164.3K |
| Pacific Ridge Capital Partners, LLC | $8.8M | 139,808 | 1.60% | 31q | -0.8%-$68.5K |
| AQR CAPITAL MANAGEMENT LLC | $8.1M | 128,927 | 0.00% | 7q | +36.2%+$2.2M |
| FEDERATED HERMES, INC. | $7.9M | 125,563 | 0.01% | 31q | +8.1%+$595.7K |
| RENAISSANCE TECHNOLOGIES LLC | $7.6M | 120,865 | 0.01% | 31q | -1.3%-$101.1K |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $6.4M | 101,542 | 0.00% | 2q | +10.0%+$585.8K |
| De Lisle Partners LLP | $6.3M | 98,812 | 0.68% | 10q | HELD |
| Hillsdale Investment Management Inc. | $5.8M | 91,671 | 0.13% | 8q | +10.4%+$543.3K |
| NORTHERN TRUST CORP | $5.3M | 83,399 | 0.00% | 31q | +4.9%+$248.0K |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $5.1M | 80,557 | 0.09% | 31q | +4.1%+$200.6K |
| MORGAN STANLEY | $5.1M | 79,994 | 0.00% | 35q | +5.6%+$270.1K |
| TWO SIGMA INVESTMENTS, LP | $4.6M | 73,566 | 0.00% | 11q | +132.1%+$2.6M |
| Qube Research & Technologies Ltd | $3.9M | 61,517 | 0.00% | 7q | +1.8%+$66.9K |
| VANGUARD FIDUCIARY TRUST CO | $3.4M | 54,400 | 0.00% | 2q | +5.2%+$171.0K |
| ACADIAN ASSET MANAGEMENT LLC | $3.4M | 53,855 | 0.00% | 31q | HELD |
| VISTA INVESTMENT MANAGEMENT | $3.3M | 52,349 | 0.99% | 31q | -0.8%-$26.6K |
| AMERIPRISE FINANCIAL INC | $3.1M | 48,817 | 0.00% | 30q | +0.7%+$22.7K |
| Empowered Funds, LLC | $2.9M | 45,157 | 0.02% | 2q | +7.6%+$200.6K |
| Rosenthal | Henry Capital Advisors, Inc. | $2.8M | 45,000 | 2.49% | 30q | HELD |
| GOLDMAN SACHS GROUP INC | $2.7M | 42,680 | 0.00% | 25q | -23.0%-$803.5K |
| ALLIANCEBERNSTEIN L.P. | $2.3M | 43,294 | 0.00% | 22q | -26.6%-$846.2K |
| Uncommon Cents Investing LLC | $2.1M | 33,878 | 0.46% | 23q | HELD |
| Bank of New York Mellon Corp | $2.1M | 32,634 | 0.00% | 31q | +5.9%+$115.3K |
| ROYAL BANK OF CANADA | $2.0M | 31,243 | 0.00% | 27q | +0.7%+$14.0K |
| FIRST TRUST ADVISORS LP | $1.9M | 30,700 | 0.00% | 7q | +4.4%+$81.3K |
| Daytona Street Capital LLC | $1.9M | 29,623 | 1.37% | 3q | -3.8%-$73.9K |
| Squarepoint Ops LLC | $1.8M | 28,061 | 0.00% | 2q | +95.1%+$864.2K |
| MILLENNIUM MANAGEMENT LLC | $1.6M | 25,364 | 0.00% | 12q | -23.5%-$493.4K |
| KENNEDY CAPITAL MANAGEMENT LLC | $1.5M | 24,280 | 0.03% | 4q | -3.9%-$63.0K |
| BANK OF AMERICA CORP /DE/ | $1.5M | 23,989 | 0.00% | 31q | HELD |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $1.5M | 23,895 | 0.00% | 17q | +6.8%+$96.1K |
| Poehling Capital Management, INC. | $1.5M | 23,848 | 0.32% | 31q | -6.9%-$111.6K |
| Creative Planning | $1.5M | 23,415 | 0.00% | 8q | +74.9%+$633.5K |
| STIFEL FINANCIAL CORP | $1.5M | 23,363 | 0.00% | 4q | +0.7%+$10.9K |
| Quantinno Capital Management LP | $1.4M | 22,724 | 0.00% | 4q | +70.1%+$591.6K |
| Nuveen, LLC | $1.4M | 21,958 | 0.00% | 6q | +12.5%+$154.0K |
| Baird Financial Group, Inc. | $1.3M | 21,240 | 0.00% | 22q | HELD |
| CITADEL ADVISORS LLC | $1.3M | 20,897 | 0.00% | 2q | +369.0%+$1.0M |
| GSA CAPITAL PARTNERS LLP | $1.2M | 19,167 | 0.08% | 4q | -34.5%-$638.7K |
| Gator Capital Management, LLC | $1.1M | 17,835 | 0.24% | 19q | -28.1%-$440.9K |
| BARCLAYS PLC | $1.1M | 17,247 | 0.00% | 31q | -2.4%-$27.4K |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $1.0M | 15,825 | 0.00% | 12q | +198.3%+$670.1K |
| US BANCORP \DE\ | $916.0K | 14,500 | 0.00% | 31q | -18.9%-$213.8K |
| BNP PARIBAS FINANCIAL MARKETS | $908.0K | 14,374 | 0.00% | 31q | +94.0%+$440.0K |
| IEQ CAPITAL, LLC | $852.7K | 13,499 | 0.00% | 4q | +65.4%+$337.1K |
| Connor, Clark & Lunn Investment Management Ltd. | $770.2K | 12,193 | 0.00% | 8q | HELD |
| Trexquant Investment LP | $753.3K | 11,925 | 0.00% | 3q | -15.2%-$135.2K |
| UBS Group AG | $674.9K | 10,684 | 0.00% | 15q | -25.7%-$234.0K |
| OSAIC HOLDINGS, INC. | $657.4K | 10,407 | 0.00% | 7q | +14557.7%+$652.9K |
| RHUMBLINE ADVISERS | $642.4K | 10,170 | 0.00% | 17q | +5.3%+$32.4K |
| STATE OF WISCONSIN INVESTMENT BOARD | $641.8K | 10,160 | 0.00% | 5q | -12.1%-$88.4K |
| Invesco Ltd. | $629.3K | 9,962 | 0.00% | 7q | -4.4%-$28.9K |
| Russell Investments Group, Ltd. | $612.6K | 9,698 | 0.00% | 14q | +62.7%+$236.1K |
| XTX Topco Ltd | $585.3K | 9,265 | 0.01% | 2q | +146.4%+$347.8K |
| JPMORGAN CHASE & CO | $571.1K | 9,035 | 0.00% | 19q | +17.7%+$85.7K |
| Man Group plc | $543.7K | 8,607 | 0.00% | 2q | +27.4%+$117.0K |
| Quadrature Capital Ltd | $536.3K | 8,490 | 0.00% | 3q | +40.7%+$155.3K |
| PRUDENTIAL FINANCIAL INC | $523.7K | 8,290 | 0.00% | 6q | +14.8%+$67.6K |
| OCCUDO QUANTITATIVE STRATEGIES LP | $516.7K | 8,179 | 0.03% | 3q | +84.8%+$237.0K |
| Mattern Wealth Management LLC | $505.4K | 8,000 | 0.08% | 21q | HELD |
| DEUTSCHE BANK AG\ | $498.4K | 7,890 | 0.00% | 17q | +10.5%+$47.4K |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $486.4K | 7,700 | 0.00% | 7q | -6.2%-$32.2K |
| MERCER GLOBAL ADVISORS INC /ADV | $469.8K | 7,437 | 0.00% | 3q | +57.3%+$171.1K |
| Engineers Gate Manager LP | $447.7K | 7,088 | 0.01% | 6q | -30.5%-$196.1K |
| MARTINGALE ASSET MANAGEMENT L P | $442.4K | 7,004 | 0.01% | 16q | HELD |
| WELLS FARGO & COMPANY/MN | $436.3K | 6,906 | 0.00% | 31q | +123.1%+$240.7K |
| 1834 INVESTMENT ADVISORS CO | $430.4K | 6,813 | 0.05% | 11q | +0.6%+$2.6K |
| PRICE T ROWE ASSOCIATES INC /MD/ | $420.0K | 6,641 | 0.00% | 5q | +22.1%+$75.9K |
| CANADA PENSION PLAN INVESTMENT BOARD | $404.3K | 6,400 | 0.00% | 3q | HELD |
| Wealth Enhancement Trust Services, Inc. | $400.7K | 6,343 | 0.04% | 3q | HELD |
| THOMPSON INVESTMENT MANAGEMENT, INC. | $380.3K | 6,020 | 0.04% | 15q | HELD |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $334.0K | 5,287 | 0.00% | 3q | HELD |
| Mariner, LLC | $324.7K | 5,140 | 0.00% | new | NEW |
| MetLife Investment Management, LLC | $324.4K | 5,136 | 0.00% | 17q | +11.4%+$33.3K |
| BEESE FULMER INVESTMENT MANAGEMENT, INC. | $304.7K | 4,824 | 0.02% | 8q | +0.8%+$2.4K |
| ERn Financial, LLC | $291.5K | 4,615 | 0.05% | 8q | HELD |
| KLCM Advisors, Inc. | $284.3K | 4,500 | 0.02% | 2q | HELD |
| CITIGROUP INC | $279.7K | 4,428 | 0.00% | 18q | +287.7%+$207.6K |
| Sterling Capital Management LLC | $279.0K | 4,416 | 0.00% | 8q | +1645.5%+$263.0K |
| Jump Financial, LLC | $259.0K | 4,100 | 0.00% | 6q | HELD |
| Sequoia Financial Advisors, LLC | $254.8K | 4,034 | 0.00% | new | NEW |
| Vanguard Personalized Indexing Management, LLC | $249.3K | 3,946 | 0.00% | new | NEW |
| Integrated Quantitative Investments LLC | $246.7K | 3,906 | 0.04% | 3q | -75.0%-$740.1K |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $235.3K | 3,725 | 0.00% | 9q | -2.8%-$6.7K |
| EntryPoint Capital, LLC | $235.1K | 3,721 | 0.06% | 6q | HELD |
| JONES FINANCIAL COMPANIES LLLP | $233.9K | 3,702 | 0.00% | new | NEW |
| Atlatl Advisers LLC | $233.7K | 3,700 | 0.06% | new | NEW |
| ALGERT GLOBAL LLC | $226.4K | 3,584 | 0.00% | new | NEW |
| Merit Financial Group, LLC | $225.2K | 3,565 | 0.00% | new | NEW |
| Susquehanna Portfolio Strategies, LLC | $216.0K | 3,420 | 0.00% | new | NEW |
Showing the largest 100 of 141 reported holders.
Quarter by quarter
Coverage begins with the quarter ending 2018-12-31. Earlier filings exist only as occasional late amendments, too sparse to describe a market, so they are not shown.
| Quarter | Holders | Value | Shares | New | Added | Trimmed | Options |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 34 | $52.9M | 768,038 | 7 | 7 | 3 | 0.0% |
| Q2 2026 | 141 | $375.1M | 5,943,803 | 11 | 62 | 36 | 0.0% |
| Q1 2026 | 144 | $311.6M | 5,776,827 | 13 | 54 | 35 | 0.0% |
| Q4 2025 | 139 | $310.8M | 5,724,602 | 15 | 52 | 45 | 0.0% |
| Q3 2025 | 136 | $293.0M | 5,716,867 | 27 | 45 | 33 | 0.0% |
| Q2 2025 | 117 | $286.5M | 5,654,733 | 13 | 40 | 36 | 0.0% |
| Q1 2025 | 116 | $264.0M | 5,599,357 | 21 | 37 | 40 | 0.0% |
| Q4 2024 | 103 | $257.0M | 5,551,053 | 14 | 46 | 18 | 0.0% |
| Q3 2024 | 94 | $242.5M | 5,321,437 | 13 | 34 | 20 | 0.0% |
| Q2 2024 | 88 | $192.8M | 5,212,805 | 9 | 27 | 22 | 0.0% |
| Q1 2024 | 83 | $199.0M | 5,306,241 | 4 | 27 | 20 | 0.0% |
| Q4 2023 | 84 | $208.6M | 5,200,935 | 5 | 26 | 21 | 0.0% |
| Q3 2023 | 82 | $156.1M | 5,202,829 | 7 | 15 | 25 | 0.0% |
| Q2 2023 | 81 | $156.4M | 5,287,298 | 3 | 22 | 31 | 0.3% |
| Q1 2023 | 85 | $162.8M | 5,337,225 | 2 | 32 | 26 | 0.0% |
| Q4 2022 | 89 | $196.2M | 5,369,022 | 7 | 26 | 28 | 0.0% |
| Q3 2022 | 83 | $1.8B | 55,681,145 | 6 | 29 | 26 | 0.0% |
| Q2 2022 | 86 | $176.8M | 5,668,366 | 21 | 30 | 17 | 0.0% |
| Q1 2022 | 75 | $1.8B | 54,814,341 | 10 | 25 | 14 | 0.0% |
| Q4 2021 | 73 | $1.6B | 55,102,766 | 5 | 22 | 19 | 0.0% |
| Q3 2021 | 75 | $1.6B | 54,967,966 | 9 | 23 | 20 | 0.0% |
| Q2 2021 | 76 | $1.5B | 55,121,539 | 21 | 19 | 24 | 0.0% |
| Q1 2021 | 76 | $1.4B | 55,517,516 | 9 | 20 | 23 | 0.0% |
| Q4 2020 | 69 | $1.0B | 55,335,645 | 3 | 27 | 23 | 0.0% |
| Q3 2020 | 72 | $790.9M | 55,346,449 | 2 | 16 | 34 | 0.0% |
| Q2 2020 | 79 | $90.4M | 5,509,901 | 5 | 22 | 31 | 0.0% |
| Q1 2020 | 77 | $1.2B | 75,480,516 | 1 | 20 | 34 | 0.0% |
| Q4 2019 | 79 | $2.0B | 75,585,116 | 4 | 29 | 24 | 0.0% |
| Q3 2019 | 79 | $1.8B | 75,509,174 | 9 | 31 | 18 | 0.0% |
| Q2 2019 | 75 | $1.8B | 75,469,613 | 4 | 31 | 18 | 0.0% |
| Q1 2019 | 76 | $1.5B | 75,409,359 | 4 | 22 | 22 | 0.0% |
| Q4 2018 | 74 | $753.9M | 38,644,043 | 2 | 0 | 3 | 0.0% |