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First Interstate BancSystem
FIBK

149 hedge funds and large institutions have $735M invested in First Interstate BancSystem in 2016 Q4 according to their latest regulatory filings, with 30 funds opening new positions, 48 increasing their positions, 52 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

650% more first-time investments, than exits

New positions opened: 30 | Existing positions closed: 4

80.5% more ownership

Funds ownership: 0% → 80.5% (+80%)

56% more capital invested

Capital invested by funds: $471M → $735M (+$264M)

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

19% more funds holding

Funds holding: 125 → 149 (+24)

8% less repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 52

Holders
149
Holders Change
+24
Holders Change %
+19.2%
% of All Funds
3.73%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.07%
New
30
Increased
48
Reduced
52
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
GT
Glenmede Trust
Pennsylvania
+$20.4M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$16.9M
3
JP Morgan Chase
JP Morgan Chase
New York
+$8.18M
4
BIT
BlackRock Institutional Trust
California
+$7.51M
5
Millennium Management
Millennium Management
New York
+$4.7M

Top Sellers

1
HA
Heartland Advisors
Wisconsin
-$6.29M
2
Bank of New York Mellon
Bank of New York Mellon
New York
-$5.89M
3
Allianz Asset Management
Allianz Asset Management
Germany
-$3.42M
4
CIC
Cornercap Investment Counsel
Georgia
-$1.63M
5
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
-$1.39M
Name Holding Trade Value Shares
Change 		Change in
Stake
Invesco
26
Invesco
Georgia
$5.83M -$171K -4,701 -3%
Millennium Management
27
Millennium Management
New York
$5.82M +$4.7M +129,355 +1,738%
Two Sigma Investments
28
Two Sigma Investments
New York
$5.33M +$3.57M +98,254 +363%
TCIM
29
TIAA CREF Investment Management
New York
$5.23M -$51.2K -1,411 -1%
MAM
30
Martingale Asset Management
Massachusetts
$5.21M +$396K +10,896 +10%
PPA
31
Parametric Portfolio Associates
Washington
$4.75M -$1.06M -29,185 -21%
Charles Schwab
32
Charles Schwab
California
$4.75M +$150K +4,120 +4%
Russell Investments Group
33
Russell Investments Group
United Kingdom
$4.39M +$3.75M +103,227 New
Lord, Abbett & Co
34
Lord, Abbett & Co
New Jersey
$4.29M +$3.66M +100,718 New
BGIM
35
Brandywine Global Investment Management
Pennsylvania
$4.04M -$129K -3,550 -4%
FIB
36
First Interstate Bank
Montana
$4M -$147K -4,050 -4%
BIM
37
BlackRock Investment Management
Delaware
$3.43M -$29.3K -806 -1%
RHCA
38
Rosenthal Henry Capital Advisors
Indiana
$3.42M +$2.92M +80,290 New
HA
39
Heartland Advisors
Wisconsin
$3.34M -$6.29M -173,204 -69%
Susquehanna International Group
40
Susquehanna International Group
Pennsylvania
$3.27M +$8.64K +238 +0.3%
Two Sigma Advisers
41
Two Sigma Advisers
New York
$3.07M +$394K +10,853 +18%
GWM
42
Geneos Wealth Management
Colorado
$3.03M +$145 +4 +0%
PCM
43
Piermont Capital Management
Missouri
$2.93M -$254K -6,986 -9%
Morgan Stanley
44
Morgan Stanley
New York
$2.67M -$279K -7,681 -11%
American Century Companies
45
American Century Companies
Missouri
$2.6M +$2.22M +61,018 New
WI
46
WBI Investments
New Jersey
$2.52M +$2.15M +59,101 New
CEP
47
Chicago Equity Partners
Illinois
$2.51M +$2.14M +58,900 New
Bank of Montreal
48
Bank of Montreal
Ontario, Canada
$2.46M +$403K +11,100 +20%
NFA
49
Nationwide Fund Advisors
Ohio
$2.33M -$101K -2,771 -5%
Goldman Sachs
50
Goldman Sachs
New York
$2.07M -$111K -3,066 -6%
1
2
3 4 5

FIBK Hedge Fund Activity: Q4 2016 in Review

149 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in First Interstate BancSystem (FIBK) for Q4 2016, worth a combined $735M — up 56% from $471M a quarter earlier.

Buyers outnumbered sellers: 30 funds opened new FIBK positions and 4 closed out — a net gain of 26 holders — while 48 added to existing stakes and 52 trimmed.

The largest buyer was Glenmede Trust, adding an estimated $20.4M. The largest seller was Heartland Advisors, cutting an estimated $6.29M.

  • 149 institutional investors held First Interstate BancSystem (FIBK) as of Q4 2016, up from 125 in Q3 2016.
  • Funds reported $735M of First Interstate BancSystem stock for Q4 2016, up 56% quarter-over-quarter.
  • 30 funds opened new First Interstate BancSystem positions in Q4 2016 and 4 closed out, a net change of +26 holders.
  • The largest First Interstate BancSystem buyer in Q4 2016 was Glenmede Trust, an estimated $20.4M added.
  • The largest First Interstate BancSystem seller in Q4 2016 was Heartland Advisors, an estimated $6.29M sold.

Based on aggregated 13F filings for Q4 2016.