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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
AB
176
Amalgamated Bank
New York
$87K – – –
KBC Group
177
KBC Group
Belgium
$87K – – –
Nisa Investment Advisors
178
Nisa Investment Advisors
Missouri
$86.1K -$201K -6,450 -70%
GSWM
179
Golden State Wealth Management
California
$75.4K +$73.6K +2,365 New
C
180
Covestor
United Kingdom
$69K -$50.7K -1,629 -43%
Northwestern Mutual Wealth Management
181
Northwestern Mutual Wealth Management
Wisconsin
$60.6K – – –
DB
182
Danske Bank
Denmark
$57.4K – – –
Rockefeller Capital Management
183
Rockefeller Capital Management
New York
$52.5K +$51.2K +1,647 New
Jones Financial Companies
184
Jones Financial Companies
Missouri
$52.1K +$46.7K +1,500 +1,485%
CIBC Private Wealth Group
185
CIBC Private Wealth Group
Georgia
$51.5K +$50.3K +1,617 New
EWA
186
EverSource Wealth Advisors
Alabama
$48.9K +$1.68K +54 +4%
VCM
187
Versant Capital Management
Arizona
$47.7K – – –
Ohio Public Employees Retirement System (OPERS)
188
Ohio Public Employees Retirement System (OPERS)
Ohio
$47.7K +$1.12K +36 +2%
AF
189
Allworth Financial
California
$46.4K +$249 +8 +0.6%
BNP Paribas Asset Management
190
BNP Paribas Asset Management
France
$38K +$6.28K +202 +20%
GI
191
GAMMA Investing
California
$33.1K +$1.43K +46 +5%
Nomura Asset Management
192
Nomura Asset Management
Japan
$31.2K – – –
FHC
193
First Horizon Corporation
Tennessee
$25.9K +$25.3K +813 New
CA
194
Clearstead Advisors
Ohio
$24.9K -$9.86K -317 -29%
CJ
195
Caitlin John
Michigan
$18.8K +$18.4K +591 New
Bessemer Group
196
Bessemer Group
New Jersey
$18K – – –
GRP
197
Global Retirement Partners
California
$15.1K -$529 -17 -3%
SAM
198
Smartleaf Asset Management
Massachusetts
$9.22K +$8.03K +258 +890%
RFP
199
Root Financial Partners
California
$9.05K +$8.83K +284 New
PA
200
Parallel Advisors
California
$8.13K – – –
6 7
8
9 10

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.