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First Interstate BancSystem

278 hedge funds and large institutions have $3.37B invested in First Interstate BancSystem in 2025 Q4 according to their latest regulatory filings, with 67 funds opening new positions, 95 increasing their positions, 75 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

168% more first-time investments, than exits

New positions opened: 67 | Existing positions closed: 25

33% more funds holding in top 10

Funds holding in top 10: 34 (+1)

27% more repeat investments, than reductions

Existing positions increased: 95 | Existing positions reduced: 75

21% more capital invested

Capital invested by funds: $2.79B → $3.37B (+$577M)

17% more funds holding

Funds holding: 238278 (+40)

11.07% more ownership

Funds ownership: 83.61%94.68% (+11%)

Holders
278
Holders Change
+40
Holders Change %
+16.81%
% of All Funds
3.38%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.05%
New
67
Increased
95
Reduced
75
Closed
25
Calls
$557K
Puts
Net Calls
+$557K
Net Calls Change
+$5.75M
Name Holding Trade Value Shares
Change
Change in
Stake
BlackRock
1
BlackRock
New York
$471M +$203M +6,197,378 +84%
Vanguard Group
2
Vanguard Group
Pennsylvania
$348M +$39.7M +1,214,454 +14%
Wellington Management Group
3
Wellington Management Group
Massachusetts
$200M -$3.97M -121,199 -2%
State Street
4
State Street
Massachusetts
$190M +$41M +1,254,321 +30%
Dimensional Fund Advisors
5
Dimensional Fund Advisors
Texas
$187M -$3.14M -96,019 -2%
Fidelity Investments
6
Fidelity Investments
Massachusetts
$164M -$4.49M -137,105 -3%
FIB
7
First Interstate Bank
Montana
$161M -$947K -28,936 -0.6%
HAM
8
HoldCo Asset Management
Florida
$137M
Capital International Investors
9
Capital International Investors
California
$92.5M +$87.5M +2,673,512 New
Franklin Resources
10
Franklin Resources
California
$89.9M -$54.4M -1,662,634 -39%
Geode Capital Management
11
Geode Capital Management
Massachusetts
$77.3M -$1.04M -31,644 -1%
Victory Capital Management
12
Victory Capital Management
Texas
$71.8M +$2.85M +87,136 +4%
NRCM
13
North Reef Capital Management
California
$68.3M +$36.8M +1,124,999 +132%
NAMI
14
Nomura Asset Management International
Pennsylvania
$67.2M +$63.5M +1,941,566 New
UBS Group
15
UBS Group
Switzerland
$64.7M +$3.82M +116,838 +7%
Bank of America
16
Bank of America
North Carolina
$60.7M -$3.11M -95,045 -5%
Morgan Stanley
17
Morgan Stanley
New York
$54.6M +$10.6M +325,213 +26%
JP Morgan Chase
18
JP Morgan Chase
New York
$54.5M -$6.92M -211,448 -12%
Jennison Associates
19
Jennison Associates
New York
$46.9M -$8.93M -272,789 -17%
Massachusetts Financial Services
20
Massachusetts Financial Services
Massachusetts
$46.4M -$1.57M -48,068 -3%
Charles Schwab
21
Charles Schwab
California
$40.6M +$131K +3,993 +0.3%
Norges Bank
22
Norges Bank
Norway
$38M +$36M +1,099,110 New
CRM
23
Cramer Rosenthal McGlynn
Connecticut
$36.5M +$4.31M +131,785 +14%
Bank of New York Mellon
24
Bank of New York Mellon
New York
$34.9M +$7.8M +238,467 +31%
Northern Trust
25
Northern Trust
Illinois
$30.2M -$153K -4,668 -0.5%

FIBK Hedge Fund Activity: Q4 2025 in Review

278 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in First Interstate BancSystem (FIBK) for Q4 2025, worth a combined $3.37B — up 21% from $2.79B a quarter earlier.

Buyers outnumbered sellers: 67 funds opened new FIBK positions and 25 closed out — a net gain of 42 holders — while 95 added to existing stakes and 75 trimmed.

The largest buyer was BlackRock, adding an estimated $203M. The largest seller was Macquarie Group, exiting entirely with an estimated $69.5M sold.

  • 278 institutional investors held First Interstate BancSystem (FIBK) as of Q4 2025, up from 238 in Q3 2025.
  • Funds reported $3.37B of First Interstate BancSystem stock for Q4 2025, up 21% quarter-over-quarter.
  • 67 funds opened new First Interstate BancSystem positions in Q4 2025 and 25 closed out, a net change of +42 holders.
  • The largest First Interstate BancSystem buyer in Q4 2025 was BlackRock, an estimated $203M added.
  • The largest First Interstate BancSystem seller in Q4 2025 was Macquarie Group, an estimated $69.5M sold.

Based on aggregated 13F filings for Q4 2025.