CUSIP 319390100
FIRST BUSINESS FINL SVCS INC
156 institutions · $260.9M total · 5,097,290 shares
| # | Manager | Shares | Value | % of Total | Period |
|---|---|---|---|---|---|
| 1 | DIMENSIONAL FUND ADVISORS LP | 480,734 | $26.1M | 9.43% | 2025-12-31 |
| 2 | VANGUARD GROUP INC | 425,341 | $23.1M | 8.34% | 2025-12-31 |
| 3 | FIRST BUSINESS FINANCIAL SERVICES, INC. | 361,311 | $19.6M | 7.08% | 2025-12-31 |
| 4 | BlackRock, Inc. | 321,662 | $17.5M | 6.31% | 2025-12-31 |
| 5 | MANUFACTURERS LIFE INSURANCE COMPANY, THE | 248,437 | $13.5M | 4.87% | 2025-12-31 |
| 6 | AMERICAN CENTURY COMPANIES INC | 217,010 | $11.8M | 4.25% | 2025-12-31 |
| 7 | GEODE CAPITAL MANAGEMENT, LLC | 208,244 | $11.3M | 4.08% | 2025-12-31 |
| 8 | BANC FUNDS CO LLC | 166,224 | $9.0M | 3.26% | 2025-12-31 |
| 9 | STATE STREET CORP | 158,055 | $8.6M | 3.10% | 2025-12-31 |
| 10 | Cutler Capital Management, LLC | 153,785 | $8.4M | 3.01% | 2025-12-31 |
| 11 | Pacific Ridge Capital Partners, LLC | 140,455 | $7.6M | 2.75% | 2025-12-31 |
| 12 | RENAISSANCE TECHNOLOGIES LLC | 128,265 | $7.0M | 2.51% | 2025-12-31 |
| 13 | AQR CAPITAL MANAGEMENT LLC | 103,715 | $5.6M | 2.03% | 2025-12-31 |
| 14 | FEDERATED HERMES, INC. | 99,055 | $5.4M | 1.94% | 2025-12-31 |
| 15 | De Lisle Partners LLP | 96,812 | $5.3M | 1.89% | 2025-12-31 |
| 16 | Hillsdale Investment Management Inc. | 83,071 | $4.5M | 1.62% | 2025-12-31 |
| 17 | NORTHERN TRUST CORP | 73,760 | $4.0M | 1.44% | 2025-12-31 |
| 18 | BRIDGEWAY CAPITAL MANAGEMENT, LLC | 73,727 | $4.0M | 1.44% | 2025-12-31 |
| 19 | ALLIANCEBERNSTEIN L.P. | 70,334 | $3.8M | 1.37% | 2025-12-31 |
| 20 | VISTA INVESTMENT MANAGEMENT | 52,737 | $2.9M | 1.03% | 2025-12-31 |
| 21 | Poehling Capital Management, INC. | 52,327 | $2.8M | 1.02% | 2025-12-31 |
| 22 | Rosenthal | Henry Capital Advisors, Inc. | 45,000 | $2.4M | 0.88% | 2025-12-31 |
| 23 | Empowered Funds, LLC | 38,327 | $2.1M | 0.75% | 2025-12-31 |
| 24 | Qube Research & Technologies Ltd | 37,244 | $2.0M | 0.73% | 2025-12-31 |
| 25 | Uncommon Cents Investing LLC | 34,743 | $1.9M | 0.68% | 2025-12-31 |
| 26 | MILLENNIUM MANAGEMENT LLC | 34,194 | $1.9M | 0.67% | 2025-12-31 |
| 27 | Royal Bank of Canada | 31,069 | $1.7M | 0.60% | 2025-12-31 |
| 28 | Daytona Street Capital LLC | 30,790 | $1.7M | 0.60% | 2025-12-31 |
| 29 | FIRST TRUST ADVISORS LP | 29,597 | $1.6M | 0.58% | 2025-12-31 |
| 30 | GOLDMAN SACHS GROUP INC | 29,392 | $1.6M | 0.57% | 2025-12-31 |
| 31 | BARCLAYS PLC | 28,454 | $1.5M | 0.55% | 2025-12-31 |
| 32 | AMERIPRISE FINANCIAL INC | 27,384 | $1.5M | 0.53% | 2025-12-31 |
| 33 | KENNEDY CAPITAL MANAGEMENT LLC | 25,277 | $1.4M | 0.49% | 2025-12-31 |
| 34 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 24,675 | $1.3M | 0.48% | 2025-12-31 |
| 35 | Gator Capital Management, LLC | 23,965 | $1.3M | 0.47% | 2025-12-31 |
| 36 | STIFEL FINANCIAL CORP | 23,035 | $1.3M | 0.45% | 2025-12-31 |
| 37 | Baird Financial Group, Inc. | 21,240 | $1.2M | 0.41% | 2025-12-31 |
| 38 | TWO SIGMA INVESTMENTS, LP | 19,691 | $1.1M | 0.38% | 2025-12-31 |
| 39 | Nuveen, LLC | 18,599 | $1.0M | 0.36% | 2025-12-31 |
| 40 | Bank of New York Mellon Corp | 18,445 | $1.0M | 0.36% | 2025-12-31 |
| 41 | UBS Group AG | 18,353 | $996.6K | 0.36% | 2025-12-31 |
| 42 | US BANCORP \DE\ | 17,884 | $971.1K | 0.35% | 2025-12-31 |
| 43 | BANK OF AMERICA CORP /DE/ | 16,665 | $904.9K | 0.32% | 2025-12-31 |
| 44 | MORGAN STANLEY | 16,081 | $873.2K | 0.31% | 2025-12-31 |
| 45 | WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | 14,635 | $798.2K | 0.28% | 2025-12-31 |
| 46 | TWO SIGMA ADVISERS, LP | 15,100 | $774.0K | 0.29% | 2025-09-30 |
| 47 | Creative Planning | 13,528 | $734.6K | 0.26% | 2025-12-31 |
| 48 | LAZARD ASSET MANAGEMENT LLC | 12,461 | $676.6K | 0.24% | 2025-12-31 |
| 49 | Trexquant Investment LP | 12,360 | $671.1K | 0.24% | 2025-12-31 |
| 50 | FRANKLIN RESOURCES INC | 12,250 | $665.2K | 0.24% | 2025-12-31 |
| 51 | Connor, Clark & Lunn Investment Management Ltd. | 12,189 | $661.9K | 0.23% | 2025-12-31 |
| 52 | Fourthstone LLC | 12,131 | $621.8K | 0.23% | 2025-09-30 |
| 53 | CITADEL ADVISORS LLC | 11,815 | $598.5K | 0.23% | 2025-06-30 |
| 54 | PRINCIPAL FINANCIAL GROUP INC | 11,021 | $598.4K | 0.21% | 2025-12-31 |
| 55 | JPMORGAN CHASE & CO | 10,529 | $571.7K | 0.20% | 2025-12-31 |
| 56 | Quantinno Capital Management LP | 10,329 | $560.9K | 0.20% | 2025-12-31 |
| 57 | OSAIC HOLDINGS, INC. | 10,307 | $559.7K | 0.20% | 2025-12-31 |
| 58 | CenterBook Partners LP | 10,390 | $532.6K | 0.20% | 2025-09-30 |
| 59 | RHUMBLINE ADVISERS | 9,707 | $527.1K | 0.19% | 2025-12-31 |
| 60 | STATE OF WISCONSIN INVESTMENT BOARD | 9,576 | $520.0K | 0.18% | 2025-12-31 |
| 61 | HSBC HOLDINGS PLC | 9,959 | $506.4K | 0.19% | 2025-09-30 |
| 62 | Kestra Advisory Services, LLC | 9,200 | $499.6K | 0.18% | 2025-12-31 |
| 63 | ZACKS INVESTMENT MANAGEMENT | 9,727 | $498.6K | 0.19% | 2025-09-30 |
| 64 | AlphaQuest LLC | 9,182 | $498.6K | 0.18% | 2025-12-31 |
| 65 | Integrated Quantitative Investments LLC | 9,182 | $498.6K | 0.18% | 2025-12-31 |
| 66 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 9,601 | $486.4K | 0.18% | 2025-06-30 |
| 67 | WELLS FARGO & COMPANY/MN | 8,894 | $482.9K | 0.17% | 2025-12-31 |
| 68 | ALPS ADVISORS INC | 8,878 | $482.1K | 0.17% | 2025-12-31 |
| 69 | Wealth Enhancement Trust Services, Inc. | 8,510 | $462.1K | 0.16% | 2025-12-31 |
| 70 | Legato Capital Management LLC | 8,404 | $456.3K | 0.16% | 2025-12-31 |
| 71 | Mattern Wealth Management LLC | 8,000 | $434.4K | 0.15% | 2025-12-31 |
| 72 | IEQ CAPITAL, LLC | 7,998 | $434.3K | 0.15% | 2025-12-31 |
| 73 | Invesco Ltd. | 7,690 | $417.6K | 0.15% | 2025-12-31 |
| 74 | JACOBS LEVY EQUITY MANAGEMENT, INC | 7,561 | $410.6K | 0.14% | 2025-12-31 |
| 75 | Man Group plc | 7,778 | $394.0K | 0.15% | 2025-06-30 |
| 76 | R Squared Ltd | 7,168 | $389.2K | 0.14% | 2025-12-31 |
| 77 | DEUTSCHE BANK AG\ | 7,139 | $387.6K | 0.14% | 2025-12-31 |
| 78 | MARTINGALE ASSET MANAGEMENT L P | 7,004 | $380.3K | 0.13% | 2025-12-31 |
| 79 | 1834 INVESTMENT ADVISORS CO | 6,730 | $365.4K | 0.13% | 2025-12-31 |
| 80 | PRUDENTIAL FINANCIAL INC | 6,460 | $350.8K | 0.12% | 2025-12-31 |
| 81 | CANADA PENSION PLAN INVESTMENT BOARD | 6,400 | $347.5K | 0.12% | 2025-12-31 |
| 82 | Engineers Gate Manager LP | 6,177 | $335.4K | 0.12% | 2025-12-31 |
| 83 | THOMPSON INVESTMENT MANAGEMENT, INC. | 6,020 | $326.9K | 0.11% | 2025-12-31 |
| 84 | Russell Investments Group, Ltd. | 5,330 | $289.4K | 0.10% | 2025-12-31 |
| 85 | ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 5,287 | $287.1K | 0.10% | 2025-12-31 |
| 86 | Jump Financial, LLC | 5,072 | $275.4K | 0.09% | 2025-12-31 |
| 87 | Cubist Systematic Strategies, LLC | 5,181 | $265.6K | 0.10% | 2025-09-30 |
| 88 | Semanteon Capital Management, LP | 5,102 | $261.5K | 0.10% | 2025-09-30 |
| 89 | BEESE FULMER INVESTMENT MANAGEMENT, INC. | 4,788 | $260.0K | 0.09% | 2025-12-31 |
| 90 | PANAGORA ASSET MANAGEMENT INC | 4,633 | $251.6K | 0.09% | 2025-12-31 |
| 91 | ERn Financial, LLC | 4,615 | $250.6K | 0.09% | 2025-12-31 |
| 92 | MetLife Investment Management, LLC | 4,609 | $250.3K | 0.09% | 2025-12-31 |
| 93 | Quadrature Capital Ltd | 4,604 | $250.0K | 0.09% | 2025-12-31 |
| 94 | OCCUDO QUANTITATIVE STRATEGIES LP | 4,331 | $235.2K | 0.08% | 2025-12-31 |
| 95 | BNP PARIBAS FINANCIAL MARKETS | 4,291 | $233.0K | 0.08% | 2025-12-31 |
| 96 | JANE STREET GROUP, LLC | 4,096 | $222.4K | 0.08% | 2025-12-31 |
| 97 | LOS ANGELES CAPITAL MANAGEMENT LLC | 4,298 | $220.3K | 0.08% | 2025-09-30 |
| 98 | MERCER GLOBAL ADVISORS INC /ADV | 4,029 | $218.8K | 0.07% | 2025-12-31 |
| 99 | NEW YORK STATE COMMON RETIREMENT FUND | 3,866 | $209.9K | 0.07% | 2025-12-31 |
| 100 | EntryPoint Capital, LLC | 3,721 | $202.1K | 0.07% | 2025-12-31 |
| 101 | Susquehanna Portfolio Strategies, LLC | 3,720 | $202.0K | 0.07% | 2025-12-31 |
| 102 | Atlatl Advisers LLC | 3,700 | $200.9K | 0.07% | 2025-12-31 |
| 103 | MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 3,664 | $199.0K | 0.07% | 2025-12-31 |
| 104 | Johnson Financial Group, Inc. | 3,260 | $177.0K | 0.06% | 2025-12-31 |
| 105 | CITIGROUP INC | 2,988 | $162.2K | 0.05% | 2025-12-31 |
| 106 | Eurizon Capital SGR S.p.A. | 2,846 | $155.5K | 0.05% | 2025-12-31 |
| 107 | VIRTUS ADVISERS, LLC | 2,133 | $109.3K | 0.04% | 2025-12-31 |
| 108 | Police & Firemen's Retirement System of New Jersey | 1,798 | $97.6K | 0.03% | 2025-12-31 |
| 109 | Wealthspire Advisors, LLC | 1,800 | $92.3K | 0.03% | 2025-09-30 |
| 110 | PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | 1,529 | $83.0K | 0.02% | 2025-12-31 |
| 111 | EverSource Wealth Advisors, LLC | 942 | $51.2K | 0.01% | 2025-12-31 |
| 112 | FMR LLC | 807 | $43.8K | 0.01% | 2025-12-31 |
| 113 | Legal & General Group Plc | 724 | $39.3K | 0.01% | 2025-12-31 |
| 114 | Versant Capital Management, Inc | 676 | $36.7K | 0.01% | 2025-12-31 |
| 115 | Ameritas Investment Partners, Inc. | 645 | $35.0K | 0.01% | 2025-12-31 |
| 116 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | 489 | $26.6K | 0.00% | 2025-12-31 |
| 117 | Sterling Capital Management LLC | 433 | $23.5K | 0.00% | 2025-12-31 |
| 118 | Rockefeller Capital Management L.P. | 392 | $21.3K | 0.00% | 2025-12-31 |
| 119 | Point72 Asia (Singapore) Pte. Ltd. | 412 | $21.1K | 0.00% | 2025-09-30 |
| 120 | MACQUARIE GROUP LTD | 370 | $19.0K | 0.00% | 2025-09-30 |
| 121 | GAMMA Investing LLC | 309 | $16.8K | 0.00% | 2025-12-31 |
| 122 | HARBOUR INVESTMENTS, INC. | 236 | $12.8K | 0.00% | 2025-12-31 |
| 123 | Tower Research Capital LLC (TRC) | 235 | $12.8K | 0.00% | 2025-12-31 |
| 124 | QUADRANT CAPITAL GROUP LLC | 223 | $12.1K | 0.00% | 2025-12-31 |
| 125 | IFP Advisors, Inc | 174 | $9.4K | 0.00% | 2025-12-31 |
| 126 | SIGNATUREFD, LLC | 151 | $8.2K | 0.00% | 2025-12-31 |
| 127 | Allworth Financial LP | 135 | $7.3K | 0.00% | 2025-12-31 |
| 128 | LSV ASSET MANAGEMENT | 134,127 | $7.3K | 2.63% | 2025-12-31 |
| 129 | WHITTIER TRUST CO | 131 | $7.1K | 0.00% | 2025-12-31 |
| 130 | UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC | 94 | $5.1K | 0.00% | 2025-12-31 |
| 131 | Optiver Holding B.V. | 74 | $4.0K | 0.00% | 2025-12-31 |
| 132 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 47 | $4.0K | 0.00% | 2025-12-31 |
| 133 | M3F, Inc. | 58,937 | $3.2K | 1.15% | 2025-12-31 |
| 134 | ACADIAN ASSET MANAGEMENT LLC | 47,168 | $2.6K | 0.92% | 2025-12-31 |
| 135 | Farther Finance Advisors, LLC | 43 | $2.3K | 0.00% | 2025-12-31 |
| 136 | Smartleaf Asset Management LLC | 35 | $1.9K | 0.00% | 2025-12-31 |
| 137 | GSA CAPITAL PARTNERS LLP | 30,210 | $1.6K | 0.59% | 2025-12-31 |
| 138 | ROTHSCHILD INVESTMENT LLC | 25 | $1.4K | 0.00% | 2025-12-31 |
| 139 | True Wealth Design, LLC | 22 | $1.2K | 0.00% | 2025-12-31 |
| 140 | PNC Financial Services Group, Inc. | 17 | $923 | 0.00% | 2025-12-31 |
| 141 | Physician Wealth Advisors, Inc. | 14 | $761 | 0.00% | 2025-12-31 |
| 142 | Point72 (DIFC) Ltd | 14 | $712 | 0.00% | 2025-09-30 |
| 143 | ASSETMARK, INC | 8 | $434 | 0.00% | 2025-12-31 |
| 144 | NISA INVESTMENT ADVISORS, LLC | 5 | $272 | 0.00% | 2025-12-31 |
| 145 | SJS Investment Consulting Inc. | 5 | $272 | 0.00% | 2025-12-31 |
| 146 | CWM, LLC | 4,927 | $268 | 0.09% | 2025-12-31 |
| 147 | PRICE T ROWE ASSOCIATES INC /MD/ | 4,768 | $259 | 0.09% | 2025-12-31 |
| 148 | MAI Capital Management | 4 | $218 | 0.00% | 2025-12-31 |
| 149 | HARBOR CAPITAL ADVISORS, INC. | 3,036 | $165 | 0.05% | 2025-12-31 |
| 150 | Quarry LP | 3 | $154 | 0.00% | 2025-09-30 |
| 151 | SG Americas Securities, LLC | 2,751 | $149 | 0.05% | 2025-12-31 |
| 152 | Arax Advisory Partners | 2 | $109 | 0.00% | 2025-12-31 |
| 153 | Clearstead Advisors, LLC | 1 | $55 | 0.00% | 2025-12-31 |
| 154 | State of Alaska, Department of Revenue | 575 | $31 | 0.01% | 2025-12-31 |
| 155 | AMALGAMATED BANK | 250 | $14 | 0.00% | 2025-12-31 |
| 156 | Covestor Ltd | 198 | $11 | 0.00% | 2025-12-31 |