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First Interstate BancSystem
FIBK

117 hedge funds and large institutions have $374M invested in First Interstate BancSystem in 2014 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 48 increasing their positions, 46 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

4% more repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 46

2% less capital invested

Capital invested by funds: $380M → $374M (-$6.26M)

6% less funds holding

Funds holding: 125 → 117 (-8)

57% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 14

Holders
117
Holders Change
-8
Holders Change %
-6.4%
% of All Funds
3.4%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
6
Increased
48
Reduced
46
Closed
14
Calls
$53K
Puts
–
Net Calls
+$53K
Net Calls Change
+$53K

Top Buyers

1
PIM
Perkins Investment Management
Illinois
+$18.8M
2
EPCA
Elizabeth Park Capital Advisors
Ohio
+$4.82M
3
RCAMU
Rothschild & Co Asset Management US
Connecticut
+$3.48M
4
Allianz Asset Management
Allianz Asset Management
Germany
+$2.52M
5
HA
Heartland Advisors
Wisconsin
+$2.45M

Top Sellers

1
Principal Financial Group
Principal Financial Group
Iowa
-$8.47M
2
State Street
State Street
Massachusetts
-$7.82M
3
UOC
UBS O'Connor
Illinois
-$5.28M
4
QI
Quotient Investors
New York
-$2.38M
5
RFC
Russell Frank Company
Washington
-$2.31M
Name Holding Trade Value Shares
Change 		Change in
Stake
Dimensional Fund Advisors
1
Dimensional Fund Advisors
Texas
$27.8M +$1.07M +40,065 +4%
Allianz Asset Management
2
Allianz Asset Management
Germany
$27.3M +$2.52M +93,836 +10%
PIM
3
Perkins Investment Management
Illinois
$21.2M +$18.8M +700,633 +711%
State Street
4
State Street
Massachusetts
$19.5M -$7.82M -291,699 -28%
Vanguard Group
5
Vanguard Group
Pennsylvania
$17.2M +$1.15M +42,824 +7%
American Century Companies
6
American Century Companies
Missouri
$16.9M +$971K +36,197 +6%
HA
7
Heartland Advisors
Wisconsin
$15M +$2.45M +91,317 +19%
JP Morgan Chase
8
JP Morgan Chase
New York
$13.2M -$1.84M -68,697 -12%
CLM
9
ClearBridge LLC (Maryland)
Maryland
$11.5M – – –
LSV Asset Management
10
LSV Asset Management
Illinois
$11.2M -$141K -5,251 -1%
BFA
11
BlackRock Fund Advisors
California
$10.8M -$591K -22,053 -5%
AQR Capital Management
12
AQR Capital Management
Connecticut
$8.6M -$617K -23,000 -7%
Renaissance Technologies
13
Renaissance Technologies
New York
$8.27M -$5.98K -223 -0.1%
BCM
14
Bridgeway Capital Management
Texas
$7.62M – – –
HAM
15
Hillcrest Asset Management
Texas
$7.58M +$7.64M +285,094 New
BCM
16
Becker Capital Management
Oregon
$6.79M -$16K -595 -0.2%
BIT
17
BlackRock Institutional Trust
California
$6.71M +$1.16M +43,300 +21%
Northern Trust
18
Northern Trust
Illinois
$6.39M -$521K -19,417 -7%
Millennium Management
19
Millennium Management
New York
$6.09M +$1.48M +55,355 +32%
Massachusetts Financial Services
20
Massachusetts Financial Services
Massachusetts
$5.83M +$135K +5,023 +2%
Bank of New York Mellon
21
Bank of New York Mellon
New York
$5.57M -$139K -5,177 -2%
EPCA
22
Elizabeth Park Capital Advisors
Ohio
$4.77M +$4.82M +179,700 New
RCYC
23
Richard C. Young & Co
Rhode Island
$4.77M +$2.25M +83,993 +88%
Goldman Sachs
24
Goldman Sachs
New York
$4.73M -$32.3K -1,204 -0.7%
Geode Capital Management
25
Geode Capital Management
Massachusetts
$4.53M -$12.3K -458 -0.3%
1
2 3 4 5

FIBK Hedge Fund Activity: Q3 2014 in Review

117 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in First Interstate BancSystem (FIBK) for Q3 2014, worth a combined $374M — down 1.6% from $380M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of FIBK and 6 opened new positions — a net loss of 8 holders — while 46 trimmed existing stakes and 48 added.

The largest buyer was Perkins Investment Management, adding an estimated $18.8M. The largest seller was Principal Financial Group, exiting entirely with an estimated $8.47M sold.

  • 117 institutional investors held First Interstate BancSystem (FIBK) as of Q3 2014, down from 125 in Q2 2014.
  • Funds reported $374M of First Interstate BancSystem stock for Q3 2014, down 1.6% quarter-over-quarter.
  • 6 funds opened new First Interstate BancSystem positions in Q3 2014 and 14 closed out, a net change of -8 holders.
  • The largest First Interstate BancSystem buyer in Q3 2014 was Perkins Investment Management, an estimated $18.8M added.
  • The largest First Interstate BancSystem seller in Q3 2014 was Principal Financial Group, an estimated $8.47M sold.

Based on aggregated 13F filings for Q3 2014.