FIRST BUSINESS FINANCIAL SERVICES, INC. (FBIZ) — Institutional Holders, Q2 2026
142 institutional investment managers reported a FBIZ position on SEC Form 13F-HR for the quarter ended June 30, 2026, with a combined reported value of $375.1M. Every filer is listed below, ranked by position value, 100 per page; this page shows ranks 1 to 100. Put and call option positions are excluded, and a firm filing several lots or share classes is shown once with its total.
FBIZ in Q2 2026: what funds did
Funds that filed a 13F for both Q1 2026 and Q2 2026, by what they did with the common stock. Share counts are adjusted for any split between the two quarters; dollar figures are the change in shares at this quarter’s price.
Biggest buyers
- BlackRockAdded · +58,178 sh+$3.7M
- TWO SIGMA INVESTMENTSAdded · +41,870 sh+$2.6M
- AQR CAPITAL MANAGEMENTAdded · +34,300 sh+$2.2M
- AMERICAN CENTURY COMPANIESAdded · +32,651 sh+$2.1M
- CITADEL ADVISORSAdded · +16,441 sh+$1.0M
Biggest sellers
- M3FSold out · -29,685 sh-$1.9M
- FIRST BUSINESS FINANCIAL SERVICESTrimmed · -21,122 sh-$1.3M
- FRANKLIN RESOURCESSold out · -17,867 sh-$1.1M
- LAZARD ASSET MANAGEMENTSold out · -16,773 sh-$1.1M
- ALLIANCEBERNSTEIN L.P.Trimmed · -15,690 sh-$991.1K
FBIZ 13F holders ranked 1–100 of 142
| # | Institution | Shares | Value | % of portfolio | QoQShares vs Q1 2026 |
|---|---|---|---|---|---|
| 1 | BlackRock#1 · 928,380 sh | 928,380 | $58.6M | <0.01% | +6.7% |
| 2 | DIMENSIONAL FUND ADVISORS#2 · 498,430 sh | 498,430 | $31.5M | <0.01% | -0.3% |
| 3 | VANGUARD CAPITAL MANAGEMENT#3 · 343,482 sh | 343,482 | $21.7M | <0.01% | +0.9% |
| 4 | FIRST BUSINESS FINANCIAL SERVICES#4 · 340,189 sh | 340,189 | $21.5M | 1.67% | -5.8% |
| 5 | AMERICAN CENTURY COMPANIES#5 · 272,788 sh | 272,788 | $17.2M | <0.01% | +13.6% |
| 6 | MANUFACTURERS LIFE INSURANCE COMPANY, THE#6 · 243,005 sh | 243,005 | $15.4M | 0.01% | -0.7% |
| 7 | GEODE CAPITAL MANAGEMENT#7 · 214,987 sh | 214,987 | $13.6M | <0.01% | +7.6% |
| 8 | STATE STREET#8 · 187,371 sh | 187,371 | $11.8M | <0.01% | +7.9% |
| 9 | BANC FUNDS#9 · 163,224 sh | 163,224 | $10.3M | 1.70% | -1.8% |
| 10 | Cutler Capital Management#10 · 154,346 sh | 154,346 | $9.8M | 2.53% | -0.2% |
| 11 | LSV ASSET MANAGEMENT#11 · 141,025 sh | 141,025 | $8.9M | 0.02% | -1.8% |
| 12 | Pacific Ridge Capital Partners#12 · 139,808 sh | 139,808 | $8.8M | 1.60% | -0.8% |
| 13 | AQR CAPITAL MANAGEMENT#13 · 128,927 sh | 128,927 | $8.1M | <0.01% | +36.2% |
| 14 | FEDERATED HERMES#14 · 125,563 sh | 125,563 | $7.9M | 0.01% | +8.1% |
| 15 | RENAISSANCE TECHNOLOGIES#15 · 120,865 sh | 120,865 | $7.6M | 0.01% | -1.3% |
| 16 | VANGUARD PORTFOLIO MANAGEMENT#16 · 101,542 sh | 101,542 | $6.4M | <0.01% | +10.0% |
| 17 | De Lisle Partners LLP#17 · 98,812 sh | 98,812 | $6.3M | 0.68% | 0.0% |
| 18 | Hillsdale Investment Management#18 · 91,671 sh | 91,671 | $5.8M | 0.13% | +10.4% |
| 19 | NORTHERN#19 · 83,399 sh | 83,399 | $5.3M | <0.01% | +4.9% |
| 20 | BRIDGEWAY CAPITAL MANAGEMENT#20 · 80,557 sh | 80,557 | $5.1M | 0.09% | +4.1% |
| 21 | MORGAN STANLEY#21 · 79,994 sh | 79,994 | $5.1M | <0.01% | +5.6% |
| 22 | TWO SIGMA INVESTMENTS#22 · 73,566 sh | 73,566 | $4.6M | <0.01% | +132.1% |
| 23 | Qube Research & Technologies Ltd#23 · 61,517 sh | 61,517 | $3.9M | <0.01% | +1.8% |
| 24 | VANGUARD FIDUCIARY#24 · 54,400 sh | 54,400 | $3.4M | <0.01% | +5.2% |
| 25 | ACADIAN ASSET MANAGEMENT#25 · 53,855 sh | 53,855 | $3.4M | <0.01% | 0.0% |
| 26 | VISTA INVESTMENT MANAGEMENT#26 · 52,349 sh | 52,349 | $3.3M | 0.99% | -0.8% |
| 27 | AMERIPRISE FINANCIAL#27 · 48,817 sh | 48,817 | $3.1M | <0.01% | +0.7% |
| 28 | Empowered Funds#28 · 45,157 sh | 45,157 | $2.9M | 0.01% | +7.6% |
| 29 | Rosenthal {-} Henry Capital Advisors#29 · 45,000 sh | 45,000 | $2.8M | 2.49% | 0.0% |
| 30 | GOLDMAN SACHS GROUP#30 · 42,680 sh | 42,680 | $2.7M | <0.01% | -23.0% |
| 31 | ALLIANCEBERNSTEIN L.P.#31 · 43,294 sh | 43,294 | $2.3M | <0.01% | -26.6% |
| 32 | Uncommon Cents Investing#32 · 33,878 sh | 33,878 | $2.1M | — | -0.4% |
| 33 | Bank of New York Mellon#33 · 32,634 sh | 32,634 | $2.1M | <0.01% | +5.9% |
| 34 | ROYAL BANK OF CANADA#34 · 31,243 sh | 31,243 | $2.0M | <0.01% | +0.7% |
| 35 | FIRST ADVISORS#35 · 30,700 sh | 30,700 | $1.9M | <0.01% | +4.4% |
| 36 | Daytona Street Capital#36 · 29,623 sh | 29,623 | $1.9M | — | -3.8% |
| 37 | Squarepoint Ops#37 · 28,061 sh | 28,061 | $1.8M | <0.01% | +95.1% |
| 38 | MILLENNIUM MANAGEMENT#38 · 25,364 sh | 25,364 | $1.6M | <0.01% | -23.5% |
| 39 | KENNEDY CAPITAL MANAGEMENT#39 · 24,280 sh | 24,280 | $1.5M | 0.03% | -3.9% |
| 40 | BANK OF AMERICA#40 · 23,989 sh | 23,989 | $1.5M | <0.01% | -0.1% |
| 41 | CHARLES SCHWAB INVESTMENT MANAGEMENT#41 · 23,895 sh | 23,895 | $1.5M | <0.01% | +6.8% |
| 42 | Poehling Capital Management#42 · 23,848 sh | 23,848 | $1.5M | — | -6.9% |
| 43 | Creative Planning#43 · 23,415 sh | 23,415 | $1.5M | <0.01% | +74.9% |
| 44 | STIFEL FINANCIAL#44 · 23,363 sh | 23,363 | $1.5M | <0.01% | +0.7% |
| 45 | Quantinno Capital Management#45 · 22,724 sh | 22,724 | $1.4M | <0.01% | +70.1% |
| 46 | Nuveen#46 · 21,958 sh | 21,958 | $1.4M | <0.01% | +12.5% |
| 47 | Baird Financial Group#47 · 21,240 sh | 21,240 | $1.3M | <0.01% | 0.0% |
| 48 | CITADEL ADVISORS#48 · 20,897 sh | 20,897 | $1.3M | <0.01% | +369.0% |
| 49 | GSA CAPITAL PARTNERS LLP#49 · 19,167 sh | 19,167 | $1.2M | 0.08% | -34.5% |
| 50 | Gator Capital Management#50 · 17,835 sh | 17,835 | $1.1M | 0.24% | -28.1% |
| 51 | BARCLAYS PLC#51 · 17,247 sh | 17,247 | $1.1M | <0.01% | -2.4% |
| 52 | WEALTH ENHANCEMENT ADVISORY SERVICES#52 · 15,825 sh | 15,825 | $1.0M | — | +198.3% |
| 53 | US BANCORP \DE\#53 · 14,500 sh | 14,500 | $916.0K | <0.01% | -18.9% |
| 54 | BNP PARIBAS FINANCIAL MARKETS#54 · 14,374 sh | 14,374 | $908.0K | <0.01% | +94.0% |
| 55 | IEQ CAPITAL#55 · 13,499 sh | 13,499 | $852.7K | <0.01% | +65.4% |
| 56 | Connor, Clark & Lunn Investment Management Ltd.#56 · 12,193 sh | 12,193 | $770.2K | <0.01% | 0.0% |
| 57 | Trexquant Investment#57 · 11,925 sh | 11,925 | $753.3K | <0.01% | -15.2% |
| 58 | UBS Group AG#58 · 10,684 sh | 10,684 | $674.9K | <0.01% | -25.7% |
| 59 | OSAIC#59 · 10,407 sh | 10,407 | $657.4K | <0.01% | New |
| 60 | RHUMBLINE ADVISERS#60 · 10,170 sh | 10,170 | $642.4K | <0.01% | +5.3% |
| 61 | STATE OF WISCONSIN INVESTMENT BOARD#61 · 10,160 sh | 10,160 | $641.8K | <0.01% | -12.1% |
| 62 | Invesco Ltd.#62 · 9,962 sh | 9,962 | $629.3K | 0.00% | -4.4% |
| 63 | Russell Investments Group, Ltd.#63 · 9,698 sh | 9,698 | $612.6K | <0.01% | +62.7% |
| 64 | XTX Topco Ltd#64 · 9,265 sh | 9,265 | $585.3K | <0.01% | +146.4% |
| 65 | JPMORGAN CHASE#65 · 9,035 sh | 9,035 | $571.1K | 0.00% | +17.7% |
| 66 | Man Group plc#66 · 8,607 sh | 8,607 | $543.7K | <0.01% | +27.4% |
| 67 | Quadrature Capital Ltd#67 · 8,490 sh | 8,490 | $536.3K | <0.01% | +40.7% |
| 68 | PRUDENTIAL FINANCIAL#68 · 8,290 sh | 8,290 | $523.7K | <0.01% | +14.8% |
| 69 | OCCUDO QUANTITATIVE STRATEGIES#69 · 8,179 sh | 8,179 | $516.7K | 0.03% | +84.8% |
| 70 | Mattern Wealth Management#70 · 8,000 sh | 8,000 | $505.4K | 0.08% | 0.0% |
| 71 | DEUTSCHE BANK AG\#71 · 7,890 sh | 7,890 | $498.4K | <0.01% | +10.5% |
| 72 | JACOBS LEVY EQUITY MANAGEMENT#72 · 7,700 sh | 7,700 | $486.4K | <0.01% | -6.2% |
| 73 | MERCER GLOBAL ADVISORS#73 · 7,437 sh | 7,437 | $469.8K | <0.01% | +57.3% |
| 74 | Engineers Gate Manager#74 · 7,088 sh | 7,088 | $447.7K | <0.01% | -30.5% |
| 75 | MARTINGALE ASSET MANAGEMENT L P#75 · 7,004 sh | 7,004 | $442.4K | 0.01% | 0.0% |
| 76 | WELLS FARGO & COMPANY#76 · 6,906 sh | 6,906 | $436.3K | <0.01% | +123.1% |
| 77 | 1834 INVESTMENT ADVISORS#77 · 6,813 sh | 6,813 | $430.4K | — | +0.6% |
| 78 | PRICE T ROWE ASSOCIATES#78 · 6,641 sh | 6,641 | $420.0K | 0.00% | +22.1% |
| 79 | CANADA PENSION PLAN INVESTMENT BOARD#79 · 6,400 sh | 6,400 | $404.3K | <0.01% | 0.0% |
| 80 | Wealth Enhancement Services#80 · 6,343 sh | 6,343 | $400.7K | — | 0.0% |
| 81 | THOMPSON INVESTMENT MANAGEMENT#81 · 6,020 sh | 6,020 | $380.3K | — | 0.0% |
| 82 | ARROWSTREET CAPITAL, LIMITED PARTNERSHIP#82 · 5,287 sh | 5,287 | $334.0K | <0.01% | 0.0% |
| 83 | Mariner#83 · 5,140 sh | 5,140 | $324.7K | <0.01% | New |
| 84 | MetLife Investment Management#84 · 5,136 sh | 5,136 | $324.4K | <0.01% | +11.4% |
| 85 | BEESE FULMER INVESTMENT MANAGEMENT#85 · 4,824 sh | 4,824 | $304.7K | — | +0.8% |
| 86 | ERn Financial#86 · 4,615 sh | 4,615 | $291.5K | 0.05% | 0.0% |
| 87 | KLCM Advisors#87 · 4,500 sh | 4,500 | $284.3K | 0.02% | 0.0% |
| 88 | CITIGROUP#88 · 4,428 sh | 4,428 | $279.7K | <0.01% | +287.7% |
| 89 | Sterling Capital Management#89 · 4,416 sh | 4,416 | $279.0K | — | +1645.5% |
| 90 | Jump Financial#90 · 4,100 sh | 4,100 | $259.0K | <0.01% | 0.0% |
| 91 | Sequoia Financial Advisors#91 · 4,034 sh | 4,034 | $254.8K | <0.01% | New |
| 92 | Vanguard Personalized Indexing Management#92 · 3,946 sh | 3,946 | $249.3K | <0.01% | New |
| 93 | Integrated Quantitative Investments#93 · 3,906 sh | 3,906 | $246.7K | 0.04% | -75.0% |
| 94 | MIRAE ASSET GLOBAL ETFS Ltd.#94 · 3,725 sh | 3,725 | $235.3K | <0.01% | -2.8% |
| 95 | EntryPoint Capital#95 · 3,721 sh | 3,721 | $235.1K | 0.06% | 0.0% |
| 96 | JONES FINANCIAL COMPANIES LLLP#96 · 3,702 sh | 3,702 | $233.9K | <0.01% | New |
| 97 | Fedenia Advisers#97 · 3,700 sh | 3,700 | $233.7K | — | New |
| 98 | ALGERT GLOBAL#98 · 3,584 sh | 3,584 | $226.4K | <0.01% | New |
| 99 | Merit Financial Group#99 · 3,565 sh | 3,565 | $225.2K | <0.01% | New |
| 100 | Susquehanna Portfolio Strategies#100 · 3,420 sh | 3,420 | $216.0K | <0.01% | New |
Funds that sold out of FBIZ in Q2 2026 (13)
Held FBIZ at the end of Q1 2026 and filed a Q2 2026 13F without it. Not in the list above, because they no longer hold it. Largest prior position first.
| Institution | Shares sold | Value in Q1 2026 |
|---|---|---|
| M3F29,685 sh | 29,685 | $1.6M |
| FRANKLIN RESOURCES17,867 sh | 17,867 | $963.6K |
| LAZARD ASSET MANAGEMENT16,773 sh | 16,773 | $904.6K |
| Legato Capital Management10,847 sh | 10,847 | $585.0K |
| Kestra Advisory Services9,200 sh | 9,200 | $496.2K |
| JANE STREET GROUP8,667 sh | 8,667 | $467.4K |
| R Squared Ltd8,259 sh | 8,259 | $445.4K |
| HSBC PLC5,023 sh | 5,023 | $272.0K |
| PANAGORA ASSET MANAGEMENT5,031 sh | 5,031 | $271.3K |
| QUADRANT CAPITAL GROUP568 sh | 568 | $64.3K |
| SIMPLEX TRADING29 sh | 29 | $1.6K |
| MAI Capital Management21 sh | 21 | $1.1K |
| Root Financial Partners11 sh | 11 | $593.00 |
Source: Form 13F-HR filings on SEC EDGAR, Q2 2026. Values are as reported by each manager at quarter end. “% of portfolio” is the position’s share of the manager’s total reported 13F value for the same quarter. “New” means the manager filed a 13F for Q1 2026 without this position; a dash means no comparison is available. Where a manager’s own filing is internally inconsistent its value is withheld and it is listed last. 13F data shows reported holdings, not recommendations.