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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
VIM
151
VELA Investment Management
Ohio
$367K +$358K +11,501 New
CAPTRUST Financial Advisors
152
CAPTRUST Financial Advisors
North Carolina
$346K +$104K +3,334 +44%
QCM
153
Quantinno Capital Management
New York
$342K +$78.8K +2,532 +31%
Baird Financial Group
154
Baird Financial Group
Wisconsin
$330K – – –
CFP
155
Curran Financial Partners
South Carolina
$319K – – –
CBU
156
CIBC Bancorp USA
Illinois
$304K +$297K +9,541 New
State of Wisconsin Investment Board
157
State of Wisconsin Investment Board
Wisconsin
$289K +$4.82K +155 +2%
NGA
158
Naples Global Advisors
Florida
$270K – – –
TSS
159
Two Sigma Securities
New York
$239K +$234K +7,513 New
AIP
160
Ameritas Investment Partners
Nebraska
$238K -$47.2K -1,517 -17%
BC
161
Bayforest Capital
United Kingdom
$230K +$23.9K +769 +12%
Voloridge Investment Management
162
Voloridge Investment Management
Florida
$226K -$9.99M -321,055 -98%
X
163
Xponance
Pennsylvania
$225K +$219K +7,052 New
SI
164
Stephens Inc
Arkansas
$219K +$214K +6,885 New
S
165
SignatureFD
Georgia
$217K +$8K +257 +4%
TCM
166
Telos Capital Management
California
$209K +$204K +6,563 New
IA
167
IFG Advisory
Georgia
$208K +$203K +6,536 New
SCM
168
Sterling Capital Management
North Carolina
$197K +$119K +3,819 +161%
TRCT
169
Tower Research Capital (TRC)
New York
$177K -$24K -771 -12%
QCG
170
Quadrant Capital Group
Ohio
$170K +$165K +5,319 New
ASN
171
Advisory Services Network
Georgia
$149K +$145K +4,675 New
SO
172
STRS Ohio
Ohio
$140K -$252K -8,100 -65%
SOADOR
173
State of Alaska Department of Revenue
Alaska
$131K +$129K +4,138 New
AAP
174
Arax Advisory Partners
Colorado
$130K +$113K +3,638 +812%
PNC Financial Services Group
175
PNC Financial Services Group
Pennsylvania
$99.9K +$9.33K +300 +11%
5 6
7
8 9

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.