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First Interstate BancSystem
FIBK

238 hedge funds and large institutions have $2.79B invested in First Interstate BancSystem in 2025 Q3 according to their latest regulatory filings, with 35 funds opening new positions, 80 increasing their positions, 84 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

35% more first-time investments, than exits

New positions opened: 35 | Existing positions closed: 26

13% more capital invested

Capital invested by funds: $2.48B → $2.79B (+$314M)

2% more funds holding

Funds holding: 233 → 238 (+5)

1.56% more ownership

Funds ownership: 82.05% → 83.61% (+1.6%)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

5% less repeat investments, than reductions

Existing positions increased: 80 | Existing positions reduced: 84

89% less call options, than puts

Call options by funds: $624K | Put options by funds: $5.82M

Holders
238
Holders Change
+5
Holders Change %
+2.15%
% of All Funds
3.12%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
35
Increased
80
Reduced
84
Closed
26
Calls
$624K
Puts
$5.82M
Net Calls
-$5.19M
Net Calls Change
-$616K

Top Buyers

1
ACL
Azora Capital LP
Florida
+$37.3M
2
UBS Group
UBS Group
Switzerland
+$31.9M
3
Wellington Management Group
Wellington Management Group
Massachusetts
+$31.2M
4
CRM
Cramer Rosenthal McGlynn
Connecticut
+$28.7M
5
NRCM
North Reef Capital Management
California
+$26.4M

Top Sellers

1
Franklin Resources
Franklin Resources
California
-$38.4M
2
Millennium Management
Millennium Management
New York
-$13.9M
3
JP Morgan Chase
JP Morgan Chase
New York
-$11.2M
4
Fidelity Investments
Fidelity Investments
Massachusetts
-$10.5M
5
Voloridge Investment Management
Voloridge Investment Management
Florida
-$9.99M
Name Holding Trade Value Shares
Change 		Change in
Stake
TWD
226
True Wealth Design
Ohio
$670 – – –
PFBT
227
Parkside Financial Bank & Trust
Missouri
$638 – – –
HFS
228
Hughes Financial Services
Virginia
$608 – – –
SS
229
SBI Securities
Japan
$606 -$498 -16 -46%
EP
230
Essential Partners
California
$606 +$591 +19 New
DPW
231
DiNuzzo Private Wealth
Pennsylvania
$557 – – –
FC
232
Financial Consulate
Maryland
$510 +$498 +16 New
JWA
233
JFS Wealth Advisors
Pennsylvania
$415 -$156 -5 -28%
SIC
234
SJS Investment Consulting
Ohio
$415 – – –
BHWM
235
Bay Harbor Wealth Management
Maryland
$191 -$31 -1 -14%
HIA
236
HFM Investment Advisors
New Jersey
$191 – – –
HNB
237
Huntington National Bank
Ohio
$32 – – –
Norges Bank
238
Norges Bank
Norway
– -$29.1M -1,009,091 Closed
Renaissance Technologies
239
Renaissance Technologies
New York
– -$6.29M -218,098 Closed
JF
240
Jump Financial
Illinois
– -$5.27M -182,967 Closed
Walleye Capital
241
Walleye Capital
New York
– -$2.67M -92,683 Closed
Marshall Wace
242
Marshall Wace
United Kingdom
– -$2.39M -82,812 Closed
Tudor Investment Corp
243
Tudor Investment Corp
Connecticut
– -$2.1M -72,848 Closed
D.E. Shaw & Co
244
D.E. Shaw & Co
New York
– -$1.42M -49,320 Closed
QT
245
Quantbot Technologies
New York
– -$1.36M -47,206 Closed
Man Group
246
Man Group
United Kingdom
– -$1.28M -44,241 Closed
HSBC Holdings
247
HSBC Holdings
United Kingdom
– -$333K -11,501 Closed
Verition Fund Management
248
Verition Fund Management
Connecticut
– -$258K -8,969 Closed
SW
249
SteelPeak Wealth
California
– -$244K -8,480 Closed
DS
250
DRW Securities
Illinois
– -$244K -8,468 Closed
7 8 9
10
11

FIBK Hedge Fund Activity: Q3 2025 in Review

238 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in First Interstate BancSystem (FIBK) for Q3 2025, worth a combined $2.79B — up 13% from $2.48B a quarter earlier.

Buyers outnumbered sellers: 35 funds opened new FIBK positions and 26 closed out — a net gain of 9 holders — while 80 added to existing stakes and 84 trimmed.

The largest buyer was Azora Capital LP, adding an estimated $37.3M. The largest seller was Franklin Resources, cutting an estimated $38.4M.

  • 238 institutional investors held First Interstate BancSystem (FIBK) as of Q3 2025, up from 233 in Q2 2025.
  • Funds reported $2.79B of First Interstate BancSystem stock for Q3 2025, up 13% quarter-over-quarter.
  • 35 funds opened new First Interstate BancSystem positions in Q3 2025 and 26 closed out, a net change of +9 holders.
  • The largest First Interstate BancSystem buyer in Q3 2025 was Azora Capital LP, an estimated $37.3M added.
  • The largest First Interstate BancSystem seller in Q3 2025 was Franklin Resources, an estimated $38.4M sold.

Based on aggregated 13F filings for Q3 2025.