FIRST INTST BANCSYSTEM INC FIBK
COM · Common Stock · CUSIP 32055Y201
American regional financial services company
- SectorFinancials
- IndustryState Commercial Banks
- HeadquartersBillings, MT
- Founded1968
- Websitefirstinterstatebank.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($12.0m this quarter). Holder counts are more reliable. Shares outstanding: 104.9m as of 2025-07-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $28.82. Options: 2 managers hold calls ($556.2k notional), 4 hold puts ($5.1m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 241 |
| Q4 2022 | 255 |
| Q1 2023 | 223 |
| Q2 2023 | 215 |
| Q3 2023 | 203 |
| Q4 2023 | 208 |
| Q1 2024 | 227 |
| Q2 2024 | 220 |
| Q3 2024 | 239 |
| Q4 2024 | 242 |
| Q1 2025 | 250 |
| Q2 2025 | 235 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 98 | 97 |
| Q4 2023 | 97 | 95 |
| Q1 2024 | 110 | 100 |
| Q2 2024 | 107 | 113 |
| Q3 2024 | 119 | 97 |
| Q4 2024 | 108 | 111 |
| Q1 2025 | 127 | 100 |
| Q2 2025 | 132 | 113 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $552.2k | $119.4k | 0.22 |
| Q4 2024 | $506.3k | $81.0k | 0.16 |
| Q1 2025 | $443.8k | $2.9k | 0.01 |
| Q2 2025 | $556.2k | $5.1m | 9.23 |
Biggest buyers
| WELLINGTON MANAGEMENT GROUP LLP | Added | +1.7m |
| MORGAN STANLEY | Added | +619.7k |
| Balyasny Asset Management L.P. | Added | +585.5k |
| VICTORY CAPITAL MANAGEMENT INC | Added | +290.9k |
| MACQUARIE GROUP LTD | Added | +224.1k |
| NORGES BANK | Added | +209.2k |
| DIMENSIONAL FUND ADVISORS LP | Added | +206.9k |
| Jump Financial, LLC | New | +183.0k |
| Aristotle Capital Boston, LLC | Added | +146.8k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +144.8k |
Biggest sellers
| AMERICAN CENTURY COMPANIES INC | Reduced | -1.6m |
| FMR LLC | Reduced | -1.6m |
| FJ Capital Management LLC | Sold out | -890.2k |
| Nuveen, LLC | Reduced | -863.9k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -479.1k |
| MetLife Investment Management, LLC | Reduced | -477.2k |
| Aberdeen Group plc | Sold out | -451.1k |
| JPMORGAN CHASE & CO | Reduced | -400.9k |
| VANGUARD GROUP INC | Reduced | -330.2k |
| Qube Research & Technologies Ltd | Reduced | -309.5k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $556.2k19.3k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $2.3m79.7k shares |
| CITADEL ADVISORS LLC | Added | $1.9m66.7k shares |
| SIMPLEX TRADING, LLC | New | $913.0k31.7k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution +6.6 pts · filed 2026-01-08 | 12.9% |
| STATE STREET CORP 13G · institution +1.1 pts · filed 2026-08-07 | 6.4% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.5% |
| DIMENSIONAL FUND ADVISORS LP 13G · institution new · filed 2025-07-15 | 5.2% |
Fell to 5% or below in the last year: WELLINGTON MANAGEMENT GROUP LLP (4.0%, 2026-05-15), VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales in Q2 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2023 | 0 | — | 1 | $1.1m | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 3 | $197.6k | — |
| Q2 2024 | 0 | — | 1 | $1.1m | — |
| Q3 2024 | 1 | $347.7k | 3 | $866.4k | — |
| Q4 2024 | 0 | — | 1 | $967.5k | — |
| Q1 2025 | 0 | — | 1 | $51.1k | — |
| Q2 2025 | 0 | — | 0 | — | — |
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.00% of their portfolio | 8.8m $252.7m | Reduced -330.2k |
| BlackRock, Inc. 0.00% of their portfolio | 7.6m $218.9m | Reduced -31.2k |
| FRANKLIN RESOURCES INC 0.04% of their portfolio | 5.5m $158.4m | Reduced -149.3k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 5.4m $156.1m | Added +206.9k |
| FMR LLC 0.01% of their portfolio | 5.2m $150.2m | Reduced -1.6m |
| First Interstate Bank 8.34% of their portfolio | 4.9m $141.9m | Reduced -129.4k |
| WELLINGTON MANAGEMENT GROUP LLP 0.03% of their portfolio | 4.9m $141.6m | Added +1.7m |
| STATE STREET CORP 0.00% of their portfolio | 4.1m $116.7m | Added +92.7k |
| HoldCo Asset Management, LP 16.11% of their portfolio | 3.6m $102.9m | First filing |
| MACQUARIE GROUP LTD 0.08% of their portfolio | 2.4m $68.9m | Added +224.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 2.2m $62.8m | Added +144.8k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 2.1m $61.9m | Reduced -400.9k |
| VICTORY CAPITAL MANAGEMENT INC 0.04% of their portfolio | 2.0m $58.3m | Added +290.9k |
| JENNISON ASSOCIATES LLC 0.03% of their portfolio | 1.6m $44.8m | Added +39.4k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 1.4m $41.5m | Reduced -479.1k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.4m $41.3m | Added +75.8k |
| MORGAN STANLEY 0.00% of their portfolio | 1.3m $36.4m | Added +619.7k |
| Balyasny Asset Management L.P. 0.08% of their portfolio | 1.2m $33.3m | Added +585.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.1m $32.5m | Added +14.2k |
| NORGES BANK 0.00% of their portfolio | 1.0m $29.1m | Added +209.2k |
| BROWN ADVISORY INC 0.04% of their portfolio | 956.3k $27.6m | Reduced -60.9k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 855.7k $24.7m | Added +27.9k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 853.1k $24.6m | Added +47.5k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 768.7k $22.2m | Reduced -13.8k |
| UBS Group AG 0.00% of their portfolio | 729.4k $21.0m | Reduced -15.5k |
| PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. 1.23% of their portfolio | 693.7k $20.0m | Added +105.3k |
| Leeward Investments, LLC - MA 1.02% of their portfolio | 666.9k $19.2m | Added +79.3k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 563.7k $16.2m | Added +19.9k |
| VILLERE ST DENIS J & CO LLC 1.54% of their portfolio | 556.6k $16.0m | Added +25.8k |
| Aristotle Capital Boston, LLC 0.79% of their portfolio | 540.7k $15.6m | Added +146.8k |
| HARBOR CAPITAL ADVISORS, INC. 0.51% of their portfolio | 419.1k $12.1m | Added +66.0k |
| DAVIDSON INVESTMENT ADVISORS 0.53% of their portfolio | 407.1k $11.7m | Added +4.7k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 394.4k $11.4m | Reduced -169.7k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 377.5k $10.9m | Reduced -139.3k |
| Invesco Ltd. 0.00% of their portfolio | 359.1k $10.4m | Added +24.4k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 344.1k $9.9m | Added +25.3k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 338.3k $9.8m | Added +15.9k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.03% of their portfolio | 328.1k $9.5m | Added +42.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 320.0k $9.2m | Added +34.8k |
| Nuveen, LLC 0.00% of their portfolio | 280.8k $8.1m | Reduced -863.9k |
| Fisher Asset Management, LLC 0.00% of their portfolio | 265.4k $7.7m | Reduced -123 |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 260.6k $7.5m | Reduced -309.5k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 255.5k $7.4m | Added +128.9k |
| BARCLAYS PLC 0.00% of their portfolio | 248.2k $7.2m | Added +39.1k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.15% of their portfolio | 223.4k $6.4m | Reduced -33.2k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 218.1k $6.3m | Added +90.4k |
| PEREGRINE CAPITAL MANAGEMENT LLC 0.17% of their portfolio | 194.4k $5.6m | Added +8.1k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 185.3k $5.3m | Added +47.8k |
| Jump Financial, LLC 0.06% of their portfolio | 183.0k $5.3m | New |
| Granite Investment Partners, LLC 0.25% of their portfolio | 176.0k $5.1m | Added +7.9k |
| CITIGROUP INC 0.00% of their portfolio | 175.0k $5.0m | Reduced -1.2k |
| DARK FOREST CAPITAL MANAGEMENT LP 0.20% of their portfolio | 172.8k $5.0m | Added +69.4k |
| Swiss National Bank 0.00% of their portfolio | 167.5k $4.8m | Reduced -14.7k |
| GREAT LAKES ADVISORS, LLC 0.04% of their portfolio | 154.2k $4.4m | Reduced -1.7k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 138.9k $4.0m | Added +15.4k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 133.6k $3.8m | Added +66.4k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 129.0k $3.7m | Added +59.0k |
| Rafferty Asset Management, LLC 0.01% of their portfolio | 125.6k $3.6m | Added +28.1k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 124.9k $3.6m | Added +12.8k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 108.2k $3.1m | Added +5.1k |
| Legal & General Group Plc 0.00% of their portfolio | 99.3k $2.9m | Reduced -1.3k |
| Cypress Capital Management LLC (WY) 3.09% of their portfolio | 98.8k $2.8m | Reduced -1.4k |
| NFJ INVESTMENT GROUP, LLC 0.10% of their portfolio | 98.3k $2.8m | Reduced -8.0k |
| Stockman Wealth Management, Inc. 0.38% of their portfolio | 97.4k $2.8m | Added +4.2k |
| HANTZ FINANCIAL SERVICES, INC. 0.04% of their portfolio | 94.8k $2.7m | Reduced -6.0k |
| Walleye Capital LLC 0.02% of their portfolio | 92.7k $2.7m | New |
| Cladis Investment Advisory, LLC 1.62% of their portfolio | 89.7k $2.6m | Added +405 |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio | 89.6k $2.6m | Added +7.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 86.6k $2.5m | Added +1.2k |
| RICE HALL JAMES & ASSOCIATES, LLC 0.13% of their portfolio | 86.0k $2.5m | Reduced -134 |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.04% of their portfolio | 85.8k $2.5m | Added +10.1k |
| ExodusPoint Capital Management, LP 0.03% of their portfolio | 83.6k $2.4m | Reduced -255.0k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 82.8k $2.4m | Added +40.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 80.9k $2.3m | Reduced -165.7k |
| Ashton Thomas Private Wealth, LLC 0.08% of their portfolio | 80.6k $2.3m | Reduced -4.5k |
| Azora Capital LP 0.10% of their portfolio | 77.8k $2.2m | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 74.6k $2.2m | Added +42.0k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 73.6k $2.1m | Reduced -222 |
| TUDOR INVESTMENT CORP ET AL 0.02% of their portfolio | 72.8k $2.1m | New |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 72.8k $2.1m | Added +880 |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 72.1k $2.1m | Added +10.8k |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 71.2k $2.1m | Added +8.2k |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 68.3k $2.0m | Added +32.1k |
| AlphaQuest LLC 0.19% of their portfolio | 67.9k $2.0m | Added +54.5k |
| Kestra Investment Management, LLC 0.03% of their portfolio | 67.8k $1.9m | Added +8.0k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 61.8k $1.8m | Reduced -1.6m |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 61.7k $1.8m | Reduced -117.2k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 53.7k $1.5m | Reduced -1.8k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 53.2k $1.5m | Added +330 |
| MetLife Investment Management, LLC 0.01% of their portfolio | 52.6k $1.5m | Reduced -477.2k |
| LPL Financial LLC 0.00% of their portfolio | 52.5k $1.5m | Added +18.2k |
| Northern Capital Management, Inc. 0.88% of their portfolio | 51.8k $1.5m | Added +319 |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 49.3k $1.4m | New |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 49.0k $1.4m | Reduced -720 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 48.3k $1.4m | Added +1.1k |
| NATIXIS ADVISORS, LLC 0.00% of their portfolio | 48.0k $1.4m | Added +6.9k |
| Quantbot Technologies LP 0.03% of their portfolio | 47.2k $1.4m | Added +39.7k |
| Pathstone Holdings, LLC 0.01% of their portfolio | 46.3k $1.3m | Added +7.6k |
| Man Group plc 0.00% of their portfolio | 44.2k $1.3m | Added +16.1k |
| Schonfeld Strategic Advisors LLC 0.01% of their portfolio | 43.1k $1.2m | New |