First Interstate BancSystem, Inc.

FIBK • NASDAQ

First Interstate BancSystem, Inc. is a banks - regional company in the financial services sector on NASDAQ, led by James A. Reuter, with a market cap of $3.5B. As of Q3 2025, 84% of shares are held by 233 institutional investors, with VANGUARD GROUP INC as the largest holder at 8.42%.

President and Chief Executive OfficerJames A. Reuter

Market Cap$3.5B

Banks - Regional

Financial Services

Employees3.6K

Websitefibk.com

Country

United States of America

Overview

Overview of institutional ownership in FIBK as of Q3 2025 with a market cap of $3.3B

All Institutions

Institutions: 233
Value Held: $2.8B
Shares Held: 87.6M
Avg Position: $12.0M
Median Position: $752.1K

Hedge Funds

Hedge Funds: 20
Value Held: $292.3M
Shares Held: 9.2M
Avg Position: $14.6M
Median Position: $3.1M

Ownership Breakdown

Institutional (non-HF)

74.84%

$2.5B

Hedge Funds

8.75%

$292.3M

Retail & Other

16.41%

$548.5M

Based on market cap of $3.3B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in FIBK as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$281.5M 0.00% of portfolio	8.42% 8.8M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
B BlackRock, Inc. Institution	-	$236.4M 0.00% of portfolio	7.07% 7.4M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
WELLINGTON MANAGEMENT CO LLP Long Only Manager	Edmund Wellington Iii President	$188.5M 0.03% of portfolio	5.64% 5.9M shares	Q2 2018 Held for 7y 5m	$571.21B
DIMENSIONAL FUND ADVISORS LP Long Only Manager	Gerard Kieran O'Reilly CEO	$175.1M 0.04% of portfolio	5.24% 5.5M shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
FMR LLC Institution	-	$155.3M 0.01% of portfolio	4.65% 4.9M shares	Q3 2018 Held for 7y 2m	$1.92T
F FIRST INTERSTATE BANK Institution	-	$149.6M 8.26% of portfolio	4.48% 4.7M shares	Q2 2021 Held for 4y 5m	$1.8B
FRANKLIN RESOURCES INC Institution	Gregory E. Johnson CEO	$135.8M 0.03% of portfolio	4.06% 4.3M shares	Q3 2021 Held for 4y 2m	$395.56B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$134.7M 0.00% of portfolio	4.03% 4.2M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
HoldCo Asset Management, L.P. Hedge Fund•Multi-Strategy	Michael Alex Zaitzeff Managing Partner	$125.9M 13.29% of portfolio	3.77% 4.0M shares	Q2 2025 Held for 5 months	$947.6M
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$72.2M 0.00% of portfolio	2.16% 2.3M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T

Net Capital Flow

Institutional buying and selling activity for FIBK in Q3 2025

Net Flow: +$5.2M
Buyers: 85
Sellers: 107
Total Bought: +$184.6M
Total Sold: −$179.5M
Avg Position: $11.8M

Biggest Buyers

Institution	Net Bought	Current Position
Azora Capital LP Hedge Fund•Long/Short	+$38.2M +1.2M shares	$40.7M 1.3M shares
UBS Group AG Institution	+$32.7M +1.0M shares	$55.9M 1.8M shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	+$32.0M +1.0M shares	$188.5M 5.9M shares
BANK OF AMERICA CORP /DE/ Institution	+$13.3M +416.3K shares	$58.9M 1.8M shares
HoldCo Asset Management, L.P. Hedge Fund•Multi-Strategy	+$12.1M +380.0K shares	$125.9M 4.0M shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$6.1M +192.1K shares	$43.0M 1.3M shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	+$5.8M +182.2K shares	$8.5M 265.8K shares
STATE STREET CORP Institution	+$5.7M +177.5K shares	$134.7M 4.2M shares
J JANE STREET GROUP, LLC Institution	+$5.6M +176.8K shares	$7.6M 238.5K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$3.7M +115.8K shares	$11.8M 371.3K shares

Biggest Sellers

Institution	Net Sold	Current Position
FRANKLIN RESOURCES INC Institution	−$39.3M −1.2M shares	$135.8M 4.3M shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$14.2M −446.1K shares	$13.0M 407.0K shares
JPMORGAN CHASE & CO Institution	−$11.5M −361.6K shares	$56.9M 1.8M shares
FMR LLC Institution	−$10.7M −336.3K shares	$155.3M 4.9M shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy	−$10.2M −321.1K shares	$225.5K 7.1K shares
HARBOR CAPITAL ADVISORS, INC. ETF Provider	−$9.5M −298.4K shares	$3.8M 120.7K shares
Q Qube Research & Technologies Ltd Institution	−$7.6M −239.7K shares	$668.4K 21.0K shares
F FIRST INTERSTATE BANK Institution	−$7.3M −229.8K shares	$149.6M 4.7M shares
M MACQUARIE GROUP LTD Institution	−$6.7M −210.0K shares	$69.5M 2.2M shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	−$6.3M −218.1K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited FIBK in Q3 2025

New Positions: 16
New Value: $41.3M
Exited Positions: 25
Exited Value: $24.3M

New Positions

Institution	Position Value
N North Reef Capital Management LP Hedge Fund•Long/Short	$27.1M 850.0K shares
Cambria Investment Management, L.P. ETF Provider	$9.1M 285.0K shares
T TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY Institution	$2.1M 66.4K shares
Numerai GP LLC Hedge Fund•Quant	$897.7K 28.2K shares
Vestmark Advisory Solutions, Inc. Fund of Funds	$895.4K 28.1K shares
SummitTX Capital, L.P. Hedge Fund•Multi-Strategy	$550.2K 17.3K shares
VELA Investment Management, LLC Long Only Manager	$366.5K 11.5K shares
S State of Alaska, Department of Revenue Institution	$131.9K 4.1K shares
Golden State Wealth Management, LLC RIA/Wealth	$75.4K 2.4K shares
FIRST HORIZON NATIONAL CORP RIA/Wealth	$25.9K 813.0 shares

Exited Positions

Institution	Previous Position
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	$6.3M 218.1K shares
J Jump Financial, LLC Institution	$5.3M 183.0K shares
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$2.7M 92.7K shares
Marshall Wace LLP Institution	$2.4M 82.8K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$2.1M 72.8K shares
D D. E. Shaw & Co., Inc. Institution	$1.4M 49.3K shares
Quantbot Technologies LLC Hedge Fund•Quant	$1.4M 47.2K shares
M Man Group plc Institution	$1.3M 44.2K shares
H HSBC HOLDINGS PLC Institution	$333.2K 11.5K shares
Verition Fund Management LLC Hedge Fund•Multi-Strategy	$258.5K 9.0K shares

Options Activity

Institutions with the largest Call and Put options positions in FIBK as of Q3 2025

Call Positions: 1
Call Value: $407.9K
Put Positions: 2
Put Value: $4.8M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$407.9K 128.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$2.6M 824.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$2.2M 683.0 contracts

Most Committed Institutions

Institutions with FIBK as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
HoldCo Asset Management, L.P. Hedge Fund•Multi-Strategy	Michael Alex Zaitzeff Managing Partner	13.29% $125.9M	3.77% 4.0M shares	Q2 2025 Held for 5 months	$947.6M
F FIRST INTERSTATE BANK Institution	-	8.26% $149.6M	4.48% 4.7M shares	Q2 2021 Held for 4y 5m	$1.8B
C Cypress Capital Management LLC RIA/Wealth	Mary Kathryn Clark CCO	2.18% $2.2M	0.06% 68.0K shares	Q4 2019 Held for 5y 11m	$99.4M
CRAMER ROSENTHAL MCGLYNN LLC Long Only Manager	Christopher Charles Barnett Managing Partner	1.89% $29.4M	0.88% 921.9K shares	Q3 2025 Held for 2 months	$1.6B
Azora Capital LP Hedge Fund•Long/Short	Richard Anthony Reyes CFO	1.88% $40.7M	1.22% 1.3M shares	Q2 2025 Held for 5 months	$2.2B
V VILLERE ST DENIS J & CO LLC Institution	-	1.70% $17.2M	0.52% 541.0K shares	Q2 2024 Held for 1y 5m	$1.0B
Cladis Investment Advisory, LLC RIA/Wealth	Tracy Weidler Hawbaker COO	1.61% $2.8M	0.08% 88.5K shares	Q4 2021 Held for 3y 11m	$174.7M
PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. Long Only Manager	Andrew John Matysik CEO	1.35% $23.1M	0.69% 724.2K shares	Q4 2024 Held for 11 months	$1.7B
N North Reef Capital Management LP Hedge Fund•Long/Short	Daniel Mariano Locasto COO	1.27% $27.1M	0.81% 850.0K shares	Q3 2025 Held for 2 months	$2.1B
Leeward Investments, LLC - MA Long Only Manager	R. Todd Vingers President	1.06% $20.8M	0.62% 652.3K shares	Q1 2022 Held for 3y 8m	$2.0B

Hedge Fund Spotlight

Discover hedge funds investing in FIBK

Schonfeld Strategic Advisors LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerRyan Andrew Tolkin

Portfolio Value: $14.3B
Positions: 1,880
Last Reported: Q3 2025

Sector Allocation

Position in First Interstate BancSystem, Inc.

Market Value: $2.9M
Shares Held: 91.2K
Portfolio Weight: 0.02%
Owned Since: 2025-Q2

Top Holding	Sector	Market Value	Weight
1 SPDR S&P 500 ETF Trust SPY	ETF ETF	$1.3B	9.09%
2 iShares Bitcoin Trust IBIT	ETF ETF	$440.9M	3.08%
3 ETHA iShares Ethereum Trust ETHA	Unknown Unknown	$337.6M	2.36%

View full profile

First Interstate BancSystem, Inc.

Overview

All Institutions

Hedge Funds

Ownership Breakdown

Biggest Investors

Net Capital Flow

Biggest Buyers

Biggest Sellers

Entry and Exit Activity

New Positions

Exited Positions

Options Activity

Call Positions

Put Positions

Most Committed Institutions

Hedge Fund Spotlight

Position in First Interstate BancSystem, Inc.

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