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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
DADC
101
D.A. Davidson & Co
Montana
$1.01M +$8.8K +283 +0.9%
BNP Paribas Financial Markets
102
BNP Paribas Financial Markets
France
$986K +$705K +22,652 +273%
ProShare Advisors
103
ProShare Advisors
Maryland
$975K +$390K +12,542 +69%
Envestnet Asset Management
104
Envestnet Asset Management
Illinois
$929K -$188K -6,049 -17%
AT
105
American Trust
Kentucky
$911K – – –
N
106
Numerai
California
$898K +$876K +28,168 New
VAS
107
Vestmark Advisory Solutions
Massachusetts
$895K +$874K +28,096 New
New York State Common Retirement Fund
108
New York State Common Retirement Fund
New York
$888K – – –
ETC
109
Exchange Traded Concepts
Oklahoma
$868K +$432K +13,902 +104%
TBC
110
Tweedy, Browne Co
Connecticut
$868K +$432K +13,902 +104%
SG Americas Securities
111
SG Americas Securities
New York
$858K -$102K -3,291 -11%
Ensign Peak Advisors
112
Ensign Peak Advisors
Utah
$847K -$272K -8,750 -25%
AWG
113
Altus Wealth Group
Colorado
$844K -$17.9K -577 -2%
ASRS
114
Arizona State Retirement System
Arizona
$840K +$23.7K +763 +3%
Canada Life
115
Canada Life
Manitoba, Canada
$805K -$715 -23 -0.1%
PFSRSONJ
116
Police & Firemen's Retirement System of New Jersey
New Jersey
$777K +$127K +4,097 +20%
State Board of Administration of Florida Retirement System
117
State Board of Administration of Florida Retirement System
Florida
$752K – – –
Zurich Cantonal Bank
118
Zurich Cantonal Bank
Switzerland
$752K -$257K -8,272 -26%
Handelsbanken Fonder
119
Handelsbanken Fonder
Sweden
$738K – – –
HWAM
120
Hennion & Walsh Asset Management
New Jersey
$720K +$37.2K +1,196 +6%
ECM
121
Evergreen Capital Management
Washington
$683K +$7.59K +244 +1%
Qube Research & Technologies (QRT)
122
Qube Research & Technologies (QRT)
United Kingdom
$668K -$7.46M -239,672 -92%
Citadel Advisors
123
Citadel Advisors
Florida
$616K -$235K -7,570 -28%
KK
124
KLP Kapitalforvaltning
Norway
$607K – – –
Osaic Holdings
125
Osaic Holdings
Arizona
$606K +$132K +4,237 +30%
3 4
5
6 7

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.