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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
T. Rowe Price Associates
76
T. Rowe Price Associates
Maryland
$2.46M +$156K +5,011 +7%
State of New Jersey Common Pension Fund D
77
State of New Jersey Common Pension Fund D
New Jersey
$2.26M -$10K -323 -0.5%
JG
78
Jain Global
New York
$2.25M +$1.94M +62,417 +771%
CCMW
79
Cypress Capital Management (Wyoming)
Wyoming
$2.17M -$959K -30,825 -31%
TRSOTSOK
80
Teachers Retirement System of the State of Kentucky
Kentucky
$2.12M +$2.06M +66,359 New
Creative Planning
81
Creative Planning
Kansas
$2.09M +$894K +28,747 +78%
Neuberger Berman Group
82
Neuberger Berman Group
New York
$1.93M -$384K -12,353 -17%
DFCM
83
Dark Forest Capital Management
Puerto Rico
$1.9M -$3.52M -113,184 -66%
A
84
AlphaQuest
New York
$1.86M -$296K -9,502 -14%
Commonwealth Equity Services
85
Commonwealth Equity Services
Massachusetts
$1.81M +$113K +3,646 +7%
Ameriprise
86
Ameriprise
Minnesota
$1.7M -$634K -20,373 -28%
LPL Financial
87
LPL Financial
California
$1.69M +$17.5K +562 +1%
MIM
88
MetLife Investment Management
New Jersey
$1.68M – – –
NCMW
89
Northern Capital Management (Washington)
Washington
$1.65M +$124 +4 +0%
Russell Investments Group
90
Russell Investments Group
United Kingdom
$1.58M -$128K -4,129 -8%
Pathstone Holdings
91
Pathstone Holdings
New Jersey
$1.54M +$65.7K +2,113 +5%
Manulife (Manufacturers Life Insurance)
92
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$1.51M -$45.5K -1,464 -3%
Natixis Advisors
93
Natixis Advisors
Massachusetts
$1.5M -$25.5K -821 -2%
American Century Companies
94
American Century Companies
Missouri
$1.38M -$578K -18,585 -30%
Mirae Asset Global ETFs Holdings
95
Mirae Asset Global ETFs Holdings
Hong Kong
$1.32M -$211K -6,776 -14%
KIM
96
Kestra Investment Management
Texas
$1.24M -$897K -28,851 -43%
Janus Henderson Group
97
Janus Henderson Group
United Kingdom
$1.19M +$124K +3,978 +12%
IIM
98
INTECH Investment Management
Florida
$1.11M -$163K -5,238 -13%
Carson Wealth (CWM LLC)
99
Carson Wealth (CWM LLC)
Nebraska
$1.08M +$64K +2,059 +6%
Royal Bank of Canada
100
Royal Bank of Canada
Ontario, Canada
$1.04M -$147K -4,728 -13%
2 3
4
5 6

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.