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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
NIG
76
NFJ Investment Group
Texas
$2.74M -$419K -12,816 -14%
Deutsche Bank
77
Deutsche Bank
Germany
$2.72M -$2.13M -65,027 -45%
American Century Companies
78
American Century Companies
Missouri
$2.71M +$1.14M +34,992 +81%
WCM
79
Wedge Capital Management
North Carolina
$2.67M -$59.3K -1,813 -2%
SG Americas Securities
80
SG Americas Securities
New York
$2.62M +$1.59M +48,648 +181%
State of New Jersey Common Pension Fund D
81
State of New Jersey Common Pension Fund D
New Jersey
$2.49M +$36.4K +1,112 +2%
VAS
82
Vestmark Advisory Solutions
Massachusetts
$2.38M +$1.34M +40,828 +145%
CCMW
83
Cypress Capital Management (Wyoming)
Wyoming
$2.35M -$5.07K -155 -0.2%
Man Group
84
Man Group
United Kingdom
$2.13M +$2.02M +61,591 New
Thrivent Financial for Lutherans
85
Thrivent Financial for Lutherans
Minnesota
$2.13M +$2.01M +61,508 New
HSBC Holdings
86
HSBC Holdings
United Kingdom
$2.13M +$2M +61,083 New
BGDI
87
BW Gestao de Investimentos
Brazil
$2.08M +$1.96M +60,000 New
LPL Financial
88
LPL Financial
California
$2.02M +$172K +5,253 +10%
Neuberger Berman Group
89
Neuberger Berman Group
New York
$1.96M -$123K -3,757 -6%
Susquehanna International Group
90
Susquehanna International Group
Pennsylvania
$1.93M -$3.94M -120,292 -68%
HFS
91
Hantz Financial Services
Michigan
$1.91M -$1.1M -33,553 -38%
NCMW
92
Northern Capital Management (Washington)
Washington
$1.8M +$9K +275 +0.5%
Russell Investments Group
93
Russell Investments Group
United Kingdom
$1.8M +$81.2K +2,481 +5%
Pathstone Holdings
94
Pathstone Holdings
New Jersey
$1.73M +$56.6K +1,729 +4%
SOADOR
95
State of Alaska Department of Revenue
Alaska
$1.72M +$1.5M +45,719 +1,105%
MIM
96
MetLife Investment Management
New Jersey
$1.72M -$93K -2,843 -5%
XT
97
XTX Topco
Cayman Islands
$1.66M +$1.57M +48,083 New
Commonwealth Equity Services
98
Commonwealth Equity Services
Massachusetts
$1.62M -$327K -9,997 -18%
Manulife (Manufacturers Life Insurance)
99
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$1.57M -$67.1K -2,051 -4%
Mirae Asset Global ETFs Holdings
100
Mirae Asset Global ETFs Holdings
Hong Kong
$1.44M +$1.5K +46 +0.1%
2 3
4
5 6

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.