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First Interstate BancSystem
FIBK

149 hedge funds and large institutions have $735M invested in First Interstate BancSystem in 2016 Q4 according to their latest regulatory filings, with 30 funds opening new positions, 48 increasing their positions, 52 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

650% more first-time investments, than exits

New positions opened: 30 | Existing positions closed: 4

80.5% more ownership

Funds ownership: 0% → 80.5% (+80%)

56% more capital invested

Capital invested by funds: $471M → $735M (+$264M)

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

19% more funds holding

Funds holding: 125 → 149 (+24)

8% less repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 52

Holders
149
Holders Change
+24
Holders Change %
+19.2%
% of All Funds
3.73%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.07%
New
30
Increased
48
Reduced
52
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
GT
Glenmede Trust
Pennsylvania
+$20.4M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$16.9M
3
JP Morgan Chase
JP Morgan Chase
New York
+$8.18M
4
BIT
BlackRock Institutional Trust
California
+$7.51M
5
Millennium Management
Millennium Management
New York
+$4.7M

Top Sellers

1
HA
Heartland Advisors
Wisconsin
-$6.29M
2
Bank of New York Mellon
Bank of New York Mellon
New York
-$5.89M
3
Allianz Asset Management
Allianz Asset Management
Germany
-$3.42M
4
CIC
Cornercap Investment Counsel
Georgia
-$1.63M
5
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
-$1.39M
Name Holding Trade Value Shares
Change 		Change in
Stake
Dimensional Fund Advisors
1
Dimensional Fund Advisors
Texas
$71.6M +$1.27M +35,058 +2%
Vanguard Group
2
Vanguard Group
Pennsylvania
$52.8M +$16.9M +465,253 +60%
Bank of New York Mellon
3
Bank of New York Mellon
New York
$40.6M -$5.89M -162,239 -15%
Macquarie Group
4
Macquarie Group
Australia
$39.9M -$490K -13,496 -1%
JP Morgan Chase
5
JP Morgan Chase
New York
$37.6M +$8.18M +225,140 +34%
Allianz Asset Management
6
Allianz Asset Management
Germany
$33.9M -$3.42M -94,300 -11%
BFA
7
BlackRock Fund Advisors
California
$25.7M +$3.64M +100,094 +20%
LSV Asset Management
8
LSV Asset Management
Illinois
$24.3M -$38.1K -1,049 -0.2%
BIT
9
BlackRock Institutional Trust
California
$24.2M +$7.51M +206,892 +57%
GT
10
Glenmede Trust
Pennsylvania
$23.9M +$20.4M +562,700 +341,030%
CLM
11
ClearBridge LLC (Maryland)
Maryland
$21.8M +$3.4M +93,750 +22%
AssetMark Inc
12
AssetMark Inc
California
$21.4M -$1.16M -31,994 -6%
Renaissance Technologies
13
Renaissance Technologies
New York
$19.9M -$548K -15,100 -3%
State Street
14
State Street
Massachusetts
$19.7M +$2.53M +69,681 +18%
AQR Capital Management
15
AQR Capital Management
Connecticut
$16.7M -$434K -11,940 -3%
Prudential Financial
16
Prudential Financial
New Jersey
$16.5M -$1.24M -34,100 -8%
Northern Trust
17
Northern Trust
Illinois
$15.7M +$4.61M +126,904 +53%
HAM
18
Hillcrest Asset Management
Texas
$15.7M +$317K +8,720 +2%
Massachusetts Financial Services
19
Massachusetts Financial Services
Massachusetts
$13.4M -$1.39M -38,268 -11%
Geode Capital Management
20
Geode Capital Management
Massachusetts
$10.8M +$1.36M +37,320 +17%
RCYC
21
Richard C. Young & Co
Rhode Island
$8.81M +$145K +4,000 +2%
MOACM
22
Mutual of America Capital Management
New York
$7.43M +$1.2M +33,104 +23%
Bank of America
23
Bank of America
North Carolina
$7.28M +$2.75M +75,662 +79%
BCM
24
Bridgeway Capital Management
Texas
$7.01M -$908K -25,000 -13%
CCMW
25
Cypress Capital Management (Wyoming)
Wyoming
$6.18M – – –
1
2 3 4 5

FIBK Hedge Fund Activity: Q4 2016 in Review

149 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in First Interstate BancSystem (FIBK) for Q4 2016, worth a combined $735M — up 56% from $471M a quarter earlier.

Buyers outnumbered sellers: 30 funds opened new FIBK positions and 4 closed out — a net gain of 26 holders — while 48 added to existing stakes and 52 trimmed.

The largest buyer was Glenmede Trust, adding an estimated $20.4M. The largest seller was Heartland Advisors, cutting an estimated $6.29M.

  • 149 institutional investors held First Interstate BancSystem (FIBK) as of Q4 2016, up from 125 in Q3 2016.
  • Funds reported $735M of First Interstate BancSystem stock for Q4 2016, up 56% quarter-over-quarter.
  • 30 funds opened new First Interstate BancSystem positions in Q4 2016 and 4 closed out, a net change of +26 holders.
  • The largest First Interstate BancSystem buyer in Q4 2016 was Glenmede Trust, an estimated $20.4M added.
  • The largest First Interstate BancSystem seller in Q4 2016 was Heartland Advisors, an estimated $6.29M sold.

Based on aggregated 13F filings for Q4 2016.