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First Interstate BancSystem
FIBK

278 hedge funds and large institutions have $3.37B invested in First Interstate BancSystem in 2025 Q4 according to their latest regulatory filings, with 67 funds opening new positions, 95 increasing their positions, 75 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

168% more first-time investments, than exits

New positions opened: 67 | Existing positions closed: 25

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

27% more repeat investments, than reductions

Existing positions increased: 95 | Existing positions reduced: 75

21% more capital invested

Capital invested by funds: $2.79B → $3.37B (+$577M)

17% more funds holding

Funds holding: 238 → 278 (+40)

11.07% more ownership

Funds ownership: 83.61% → 94.68% (+11%)

Holders
278
Holders Change
+40
Holders Change %
+16.81%
% of All Funds
3.38%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.05%
New
67
Increased
95
Reduced
75
Closed
25
Calls
$557K
Puts
–
Net Calls
+$557K
Net Calls Change
+$5.75M

Top Buyers

1
BlackRock
BlackRock
New York
+$203M
2
Capital International Investors
Capital International Investors
California
+$87.5M
3
State Street
State Street
Massachusetts
+$41M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$39.7M
5
NRCM
North Reef Capital Management
California
+$36.8M

Top Sellers

1
Macquarie Group
Macquarie Group
Australia
-$69.5M
2
Franklin Resources
Franklin Resources
California
-$54.4M
3
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$43.5M
4
ACL
Azora Capital LP
Florida
-$40.7M
5
Millennium Management
Millennium Management
New York
-$13M
Name Holding Trade Value Shares
Change 		Change in
Stake
GWM
276
Gilpin Wealth Management
Colorado
$70 +$65 +2 New
DF
277
Dunhill Financial
United Kingdom
$56 +$65 +2 New
HNB
278
Huntington National Bank
Ohio
$35 – – –
Macquarie Group
279
Macquarie Group
Australia
– -$69.5M -2,179,742 Closed
ACL
280
Azora Capital LP
Florida
– -$40.7M -1,275,693 Closed
Millennium Management
281
Millennium Management
New York
– -$13M -407,008 Closed
ECM
282
ExodusPoint Capital Management
New York
– -$8.47M -265,792 Closed
Jane Street
283
Jane Street
New York
– -$7.6M -238,472 Closed
IP
284
Interval Partners
New York
– -$3.88M -121,693 Closed
Two Sigma Advisers
285
Two Sigma Advisers
New York
– -$3.27M -102,648 Closed
SSA
286
Schonfeld Strategic Advisors
New York
– -$2.91M -91,248 Closed
JG
287
Jain Global
New York
– -$2.25M -70,510 Closed
DFCM
288
Dark Forest Capital Management
Puerto Rico
– -$1.9M -59,607 Closed
Qube Research & Technologies (QRT)
289
Qube Research & Technologies (QRT)
United Kingdom
– -$668K -20,972 Closed
SC
290
SummitTX Capital
Texas
– -$550K -17,263 Closed
FRM
291
Fox Run Management
Connecticut
– -$549K -17,224 Closed
HC
292
Henshaw Capital
Massachusetts
– -$468K -14,700 Closed
HT
293
Headlands Technologies
Illinois
– -$415K -13,023 Closed
NSEDCP
294
NJ State Employees Deferred Compensation Plan
New Jersey
– -$376K -11,795 Closed
Teacher Retirement System of Texas
295
Teacher Retirement System of Texas
Texas
– -$373K -11,712 Closed
State of Wisconsin Investment Board
296
State of Wisconsin Investment Board
Wisconsin
– -$289K -9,060 Closed
Voloridge Investment Management
297
Voloridge Investment Management
Florida
– -$226K -7,077 Closed
ASN
298
Advisory Services Network
Georgia
– -$149K -4,675 Closed
Simplex Trading
299
Simplex Trading
Illinois
– -$4.68K -143 Closed
PS
300
Principal Securities
Iowa
– -$3.06K -96 Closed
9 10 11
12
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FIBK Hedge Fund Activity: Q4 2025 in Review

278 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in First Interstate BancSystem (FIBK) for Q4 2025, worth a combined $3.37B — up 21% from $2.79B a quarter earlier.

Buyers outnumbered sellers: 67 funds opened new FIBK positions and 25 closed out — a net gain of 42 holders — while 95 added to existing stakes and 75 trimmed.

The largest buyer was BlackRock, adding an estimated $203M. The largest seller was Macquarie Group, exiting entirely with an estimated $69.5M sold.

  • 278 institutional investors held First Interstate BancSystem (FIBK) as of Q4 2025, up from 238 in Q3 2025.
  • Funds reported $3.37B of First Interstate BancSystem stock for Q4 2025, up 21% quarter-over-quarter.
  • 67 funds opened new First Interstate BancSystem positions in Q4 2025 and 25 closed out, a net change of +42 holders.
  • The largest First Interstate BancSystem buyer in Q4 2025 was BlackRock, an estimated $203M added.
  • The largest First Interstate BancSystem seller in Q4 2025 was Macquarie Group, an estimated $69.5M sold.

Based on aggregated 13F filings for Q4 2025.