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First Interstate BancSystem
FIBK

207 hedge funds and large institutions have $2.58B invested in First Interstate BancSystem in 2023 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 76 increasing their positions, 72 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

4,332% more call options, than puts

Call options by funds: $975K | Put options by funds: $22K

32% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 22

23% more capital invested

Capital invested by funds: $2.1B → $2.58B (+$479M)

2% more funds holding

Funds holding: 202 → 207 (+5)

6% more repeat investments, than reductions

Existing positions increased: 76 | Existing positions reduced: 72

0% more funds holding in top 10

Funds holding in top 10: 4 → 4 (0)

0.28% less ownership

Funds ownership: 80.1% → 79.82% (-0.28%)

Holders
207
Holders Change
+5
Holders Change %
+2.48%
% of All Funds
3.02%
Holding in Top 10
4
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.06%
New
29
Increased
76
Reduced
72
Closed
22
Calls
$975K
Puts
$22K
Net Calls
+$953K
Net Calls Change
+$967K

Top Buyers

1
Franklin Resources
Franklin Resources
California
+$37.7M
2
Morgan Stanley
Morgan Stanley
New York
+$24.3M
3
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$16.1M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$13.9M
5
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$11.4M

Top Sellers

1
DRZID
DePrince Race & Zollo Inc (DRZ)
Florida
-$29.3M
2
FIB
First Interstate Bank
Montana
-$26.1M
3
Jennison Associates
Jennison Associates
New York
-$16.9M
4
Diamond Hill Capital Management
Diamond Hill Capital Management
Ohio
-$12.1M
5
Janus Henderson Group
Janus Henderson Group
United Kingdom
-$11.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$282M +$13.9M +533,293 +6%
BlackRock
2
BlackRock
New York
$254M -$1.52M -58,281 -0.7%
Fidelity Investments
3
Fidelity Investments
Massachusetts
$203M +$4M +153,635 +2%
Franklin Resources
4
Franklin Resources
California
$168M +$37.7M +1,449,219 +36%
FIB
5
First Interstate Bank
Montana
$156M -$26.1M -1,002,746 -16%
Macquarie Group
6
Macquarie Group
Australia
$117M -$2.72M -104,403 -3%
Dimensional Fund Advisors
7
Dimensional Fund Advisors
Texas
$110M +$16.1M +620,682 +21%
JP Morgan Chase
8
JP Morgan Chase
New York
$103M +$2.61M +100,253 +3%
State Street
9
State Street
Massachusetts
$103M +$1.85M +71,055 +2%
Wellington Management Group
10
Wellington Management Group
Massachusetts
$91.3M +$3.69M +142,069 +5%
Morgan Stanley
11
Morgan Stanley
New York
$74.8M +$24.3M +933,942 +62%
American Century Companies
12
American Century Companies
Missouri
$74.2M +$4.91M +188,898 +8%
Massachusetts Financial Services
13
Massachusetts Financial Services
Massachusetts
$58.9M +$167K +6,436 +0.3%
Geode Capital Management
14
Geode Capital Management
Massachusetts
$57.7M +$1.77M +68,176 +4%
Millennium Management
15
Millennium Management
New York
$46.4M -$11.4M -439,586 -23%
Janus Henderson Group
16
Janus Henderson Group
United Kingdom
$40.6M -$11.8M -454,028 -26%
Bank of New York Mellon
17
Bank of New York Mellon
New York
$37.2M +$119K +4,572 +0.4%
Bank of America
18
Bank of America
North Carolina
$34M +$1.44M +55,500 +5%
Charles Schwab
19
Charles Schwab
California
$28.6M +$1.11M +42,580 +5%
Aberdeen Group
20
Aberdeen Group
United Kingdom
$28.4M +$1.87M +71,839 +8%
Norges Bank
21
Norges Bank
Norway
$26.6M +$4.98M +191,526 +28%
Northern Trust
22
Northern Trust
Illinois
$26.3M +$415K +15,947 +2%
Jennison Associates
23
Jennison Associates
New York
$23.9M -$16.9M -650,308 -46%
BG
24
Bahl & Gaynor
Ohio
$21.5M -$184K -7,070 -1%
N
25
Nuveen
North Carolina
$20M +$410K +15,758 +2%
1
2 3 4 5

FIBK Hedge Fund Activity: Q4 2023 in Review

207 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in First Interstate BancSystem (FIBK) for Q4 2023, worth a combined $2.58B — up 23% from $2.1B a quarter earlier.

Buyers outnumbered sellers: 29 funds opened new FIBK positions and 22 closed out — a net gain of 7 holders — while 76 added to existing stakes and 72 trimmed.

The largest buyer was Franklin Resources, adding an estimated $37.7M. The largest seller was DePrince Race & Zollo Inc (DRZ), exiting entirely with an estimated $29.3M sold.

  • 207 institutional investors held First Interstate BancSystem (FIBK) as of Q4 2023, up from 202 in Q3 2023.
  • Funds reported $2.58B of First Interstate BancSystem stock for Q4 2023, up 23% quarter-over-quarter.
  • 29 funds opened new First Interstate BancSystem positions in Q4 2023 and 22 closed out, a net change of +7 holders.
  • The largest First Interstate BancSystem buyer in Q4 2023 was Franklin Resources, an estimated $37.7M added.
  • The largest First Interstate BancSystem seller in Q4 2023 was DePrince Race & Zollo Inc (DRZ), an estimated $29.3M sold.

Based on aggregated 13F filings for Q4 2023.