MSBI β€” MIDLAND STATES BANCORP INC

Ownership history in AlphaQuest LLC  Β·  6 quarters on record

This page tracks every 13F SEC filing in which AlphaQuest LLC reported a position in MIDLAND STATES BANCORP INC (MSBI). Data includes quarterly share count, position size as % of portfolio, estimated market value, and end-of-quarter stock price β€” sourced directly from SEC EDGAR 13F filings.

πŸ” Peak position
0.04% (2024 Q4)
πŸ“Š Avg. % of fund
0.02%
πŸ“… First filed
2024 Q3
πŸ“… Last filed
2025 Q4
⏱ Quarters held
6

Position Intelligence

AlphaQuest LLC Γ— MSBI AI Analytics

πŸ“‰ AlphaQuest LLC underperformed the S&P 500 by –6.8% annually on this MSBI position. Timing score: 60% (3/5 decisions correct). Average cost basis: $18.48. Maximum drawdown during holding period: –28.7%.

πŸ“ˆ Position Alpha vs SPY
-6.8%
annualised excess return

❌ Significantly underperformed the S&P 500 by 6.8% ann.
5 quarters analyzed

⏱️ Timing Score
60%

βœ… Decent timing β€” more right than wrong on entries and exits.
3 of 5 add/trim decisions correct

πŸ’° Entry Quality
$18.48
+13.0% vs current ($20.88)

Best entry: $16.44 (2025 Q2)  Β·  Worst: $22.42 (2024 Q4)

πŸ›‘οΈ Drawdown Resilience
–28.7%
max drawdown while held

πŸ’ͺ Held through 1 major drawdown (>20%). Strong conviction under pressure.

πŸ’ͺ Fund Conviction
67%
buy-side decisions

4 adds Β· 2 trims. Bought during 0 of 1 down-price quarters. πŸ“ˆ More buys than sells across the holding period.

πŸ“‘ Position Trajectory
β†’ Stable
last 4–5 quarters trend

βš–οΈ Portfolio weight has remained relatively stable β€” conviction maintained.
Currently 0.02% of portfolio

⚠ Based on quarterly 13F SEC filings and end-of-quarter closing prices. Timing score = accuracy of add/trim decisions vs next-quarter price direction. Alpha = mean quarterly excess return Γ— 4 (annualised). Not investment advice.

% of Fund (quarterly)    MSBI price (monthly, adj. close)
πŸ“‹ Quarterly Holdings History 6 quarters  β–Ύ
Quarter Action Shares Change Chg % % of Fund Mkt Value Price (EOQ)
2025 Q4 REDUCED 17,953 -1,064 -5.6% 0.02% $380K $20.88
2025 Q3 ADDED 19,017 +9,990 +110.7% 0.02% $326K $16.57
2025 Q2 ADDED 9,027 +8,989 +23655.3% 0.02% $156K $16.44
2025 Q1 REDUCED 38 -13,024 -99.7% 0.00% $651 $15.98
2024 Q4 ADDED 13,062 +6,445 +97.4% 0.04% $319K $22.42
2024 Q3 INITIATED 6,617 β€” β€” 0.01% $148K $20.32

🏒 Other funds also holding MSBI

As of 2025 Q4 β€” sorted by position size

Rhino Investment Partners, Inc 3Y 1.57% Numerai GP LLC 3Y 0.09% BRIDGEWAY CAPITAL MANAGEMENT, LLC 3Y 7Y 0.05% ALGERT GLOBAL LLC 3Y 7Y 0.04% GSA CAPITAL PARTNERS LLP 3Y 7Y 0.03% OCCUDO QUANTITATIVE STRATEGIES LP 3Y 0.03% MIDLAND WEALTH ADVISORS, LLC 0.02% HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 3Y 7Y 0.02% Trexquant Investment LP 3Y 7Y 0.02% JACOBS LEVY EQUITY MANAGEMENT, INC 3Y 7Y 0.02%
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