First Interstate BancSystem
FIBK
212 hedge funds and large institutions have $1.99B invested in First Interstate BancSystem in 2023 Q2 according to their latest regulatory filings, with 25 funds opening new positions, 81 increasing their positions, 76 reducing their positions, and 34 closing their positions.
7% more repeat investments, than reductions
Existing positions increased: 81 | Existing positions reduced: 76
0.51% more ownership
Funds ownership: 79.51% → 80.02% (+0.51%)
4% less funds holding
Funds holding: 221 → 212 (-9)
20% less capital invested
Capital invested by funds: $2.48B → $1.99B (-$488M)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
26% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 34
38% less call options, than puts
Call options by funds: $420K | Put options by funds: $672K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$28.1M |
| 2 |
Jennison Associates
New York
|
+$18.6M |
| 3 |
Morgan Stanley
New York
|
+$14.7M |
| 4 |
Millennium Management
New York
|
+$11.1M |
| 5 |
State Street
Boston,
Massachusetts
|
+$10.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$17.2M |
| 2 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$15.9M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$12M |
| 4 |
Diamond Hill Capital Management
Columbus,
Ohio
|
-$9.89M |
| 5 |
Nuveen
Charlotte,
North Carolina
|
-$8.66M |
FIBK Hedge Fund Activity: Q2 2023 in Review
212 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in First Interstate BancSystem (FIBK) for Q2 2023, worth a combined $1.99B — down 20% from $2.48B a quarter earlier.
Sellers outnumbered buyers: 34 funds closed out of FIBK and 25 opened new positions — a net loss of 9 holders — while 76 trimmed existing stakes and 81 added.
The largest buyer was Fidelity Investments, adding an estimated $28.1M. The largest seller was Citadel Advisors, cutting an estimated $17.2M.
- 212 institutional investors held First Interstate BancSystem (FIBK) as of Q2 2023, down from 221 in Q1 2023.
- Funds reported $1.99B of First Interstate BancSystem stock for Q2 2023, down 20% quarter-over-quarter.
- 25 funds opened new First Interstate BancSystem positions in Q2 2023 and 34 closed out, a net change of -9 holders.
- The largest First Interstate BancSystem buyer in Q2 2023 was Fidelity Investments, an estimated $28.1M added.
- The largest First Interstate BancSystem seller in Q2 2023 was Citadel Advisors, an estimated $17.2M sold.
Based on aggregated 13F filings for Q2 2023.