Midland States Bancorp
MSBI • NASDAQ
Midland States Bancorp is a banks - regional company in the financial services sector on NASDAQ, led by Jeffrey G. Ludwig, with a market cap of $456.9M. As of Q3 2025, 65% of shares are held by 138 institutional investors, with BlackRock, Inc. as the largest holder at 13.94%.
Chief Executive Officer of the CompanyJeffrey G. Ludwig
Market Cap$456.9M
Banks - Regional
Financial Services
Employees914.0
Websitemidlandsb.com
Country
United States of America
Overview
Overview of institutional ownership in MSBI as of Q3 2025 with a market cap of $369.3M
All Institutions
- Institutions
- 138
- Value Held
- $241.4M
- Shares Held
- 14.1M
- Avg Position
- $1.7M
- Median Position
- $311.2K
Hedge Funds
- Hedge Funds
- 21
- Value Held
- $35.2M
- Shares Held
- 2.1M
- Avg Position
- $1.7M
- Median Position
- $813.8K
Ownership Breakdown
Based on market cap of $369.3M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.
Biggest Investors
Institutions with the largest positions in MSBI as of Q3 2025
| Institution | Position Value |
|---|---|
B BlackRock, Inc. Institution | $51.5M 0.00% of portfolio |
 DIMENSIONAL FUND ADVISORS LP Long Only Manager | $20.5M 0.00% of portfolio |
 VANGUARD GROUP INC Institution | $20.1M 0.00% of portfolio |
B Busey Trust CO RIA/Wealth | $13.0M 0.36% of portfolio |
 AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy | $11.6M 0.01% of portfolio |
 STATE STREET CORP Institution | $10.6M 0.00% of portfolio |
A AMERICAN CENTURY COMPANIES INC Institution | $10.1M 0.01% of portfolio |
 GEODE CAPITAL MANAGEMENT LLC ETF Provider | $9.1M 0.00% of portfolio |
 HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC Long Only Manager | $5.8M 0.02% of portfolio |
L LSV ASSET MANAGEMENT Long Only Manager | $5.6M 0.01% of portfolio |
Net Capital Flow
Institutional buying and selling activity for MSBI in Q3 2025
- Traded
- +$1.4M
- Buyers
- 77
- Sellers
- 58
- Total Bought
- +$21.2M
- Total Sold
- −$19.7M
- Avg Position
- $1.6M
Biggest Buyers
| Institution | Net Bought |
|---|---|
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy | +$2.3M +134.6K shares |
 ACADIAN ASSET MANAGEMENT LLC Long Only Manager | +$2.1M +121.1K shares |
B BlackRock, Inc. Institution | +$1.4M +79.1K shares |
 ALGERT COLDIRON INVESTORS LLC Hedge Fund•Quant | +$1.3M +75.6K shares |
N Nuveen, LLC Institution | +$1.3M +74.9K shares |
 Fourthstone LLC Hedge Fund•Long/Short | +$901.7K +52.6K shares |
 Numerai GP LLC Hedge Fund•Quant | +$813.8K +47.5K shares |
A AMERICAN CENTURY COMPANIES INC Institution | +$778.8K +45.4K shares |
 TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy | +$672.1K +39.2K shares |
 IEQ CAPITAL, LLC RIA/Wealth | +$606.8K +35.4K shares |
Biggest Sellers
| Institution | Net Sold |
|---|---|
 CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | −$2.4M −137.7K shares |
L LPL Financial LLC Institution | −$2.2M −125.1K shares |
GEODE CAPITAL MANAGEMENT LLC ETF Provider | −$1.3M −76.5K shares |
 PRUDENTIAL FINANCIAL INC Institution | −$1.2M −68.8K shares |
 MORGAN STANLEY RIA/Wealth | −$1.1M −64.9K shares |
 MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy | −$821.9K −48.0K shares |
 Brandywine Global Investment Management, LLC Long Only Manager | −$813.6K −47.0K shares |
VANGUARD GROUP INC Institution | −$755.4K −44.1K shares |
DIMENSIONAL FUND ADVISORS LP Long Only Manager | −$695.3K −40.6K shares |
 MARTINGALE ASSET MANAGEMENT L P Long Only Manager | −$686.5K −39.6K shares |
Entry and Exit Activity
Institutions that initiated new positions or completely exited MSBI in Q3 2025
- New Positions
- 10
- New Value
- $3.0M
- Exited Positions
- 17
- Exited Value
- $6.1M
New Positions
| Institution | Position Value |
|---|---|
Fourthstone LLC Hedge Fund•Long/Short | $901.7K 52.6K shares |
Numerai GP LLC Hedge Fund•Quant | $813.8K 47.5K shares |
 Graham Capital Management, L.P. Hedge Fund•Multi-Strategy | $579.0K 33.8K shares |
$232.5K 13.9K shares | |
 MERCER GLOBAL ADVISORS INC /ADV RIA/Wealth | $184.0K 10.7K shares |
 HPM Partners LLC RIA/Wealth | $176.1K 10.3K shares |
A Atlantic Trust Group, LLC Institution | $45.9K 2.7K shares |
Q Quarry LP Institution | $19.6K 1.1K shares |
O Optiver Holding B.V. Institution | $3.1K 180.0 shares |
 Sunbelt Securities, Inc. RIA/Wealth | $463.0 27.0 shares |
Exited Positions
| Institution | Previous Position |
|---|---|
L LPL Financial LLC Institution | $2.2M 125.1K shares |
Brandywine Global Investment Management, LLC Long Only Manager | $813.6K 47.0K shares |
MARTINGALE ASSET MANAGEMENT L P Long Only Manager | $686.5K 39.6K shares |
S STRS OHIO Institution | $540.4K 31.2K shares |
C Campbell & CO Investment Adviser LLC Hedge Fund•Quant Macro | $475.6K 27.5K shares |
H HRT FINANCIAL LLC Institution | $373.4K 21.6K shares |
X XTX Topco Ltd Institution | $324.8K 18.8K shares |
 Callan Family Office, LLC Family Office | $222.1K 12.8K shares |
B Brevan Howard Capital Management LP Institution | $211.3K 12.2K shares |
 Quantbot Technologies LLC Hedge Fund•Quant | $127.7K 7.4K shares |
Options Activity
Institutions with the largest Call and Put options positions in MSBI as of Q3 2025
- Call Positions
- 0
- Call Value
- -
- Put Positions
- 0
- Put Value
- -
Call Positions
| Institution | Position Value |
|---|---|
| No call positions found | |
Put Positions
| Institution | Position Value |
|---|---|
| No put positions found | |
Most Committed Institutions
Institutions with MSBI as the highest % of their portfolio as of Q3 2025
| Institution | Portfolio Weight |
|---|---|
C Corton Capital Inc. Institution | 0.62% $251.7K |
B Busey Trust CO RIA/Wealth | 0.36% $13.0M |
Fourthstone LLC Hedge Fund•Long/Short | 0.16% $901.7K |
Numerai GP LLC Hedge Fund•Quant | 0.11% $813.8K |
D Dynamic Technology Lab Private Ltd Institution | 0.04% $247.6K |
B BRIDGEWAY CAPITAL MANAGEMENT INC Long Only Manager | 0.04% $1.8M |
 GSA CAPITAL PARTNERS LLP Hedge Fund•Quant | 0.04% $401.3K |
 OCCUDO QUANTITATIVE STRATEGIES LP Hedge Fund•Market Neutral | 0.03% $273.8K |
Graham Capital Management, L.P. Hedge Fund•Multi-Strategy | 0.03% $579.0K |
ALGERT COLDIRON INVESTORS LLC Hedge Fund•Quant | 0.02% $1.3M |
Hedge Fund Spotlight
Discover hedge funds investing in MSBI
Engineers Gate Manager LP
Hedge Fund • Quant
Portfolio ManagerRobert Gregory Eisner
- Portfolio Value
- $8.8B
- Positions
- 2,112
- Last Reported
- Q3 2025
Sector Allocation
Position in Midland States Bancorp
- Market Value
- $179.7K
- Shares Held
- 10.5K
- Portfolio Weight
- 0.00%
- Owned Since
- 2025-Q3
| Top Holding | Sector | Market Value | Weight |
|---|---|---|---|
ETF ETF | $155.2M | 1.77% | |
ETF ETF | $115.3M | 1.32% | |
REIT - Healthcare Facilities Real Estate | $112.9M | 1.29% |
