Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Financial Institutions Inc (FISI)

146 + Investors. Track Smart Money conviction in FISI. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
→ 0
Streak
1Q —
Buyers last Q
55%

Smart Money Signals — FISI

Based on 147 hedge funds · latest filing: 2026 Q1 · updated quarterly

➡️

No change last quarter

last 6Q
The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
147 hedge funds hold FISI right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +11% more funds vs a year ago

fund count last 6Q
+15 new funds entered over the past year (+11% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 55% buying

81 buying66 selling
Last quarter: 81 funds bought or added vs 66 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~25 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 9 → 24 → 20 → 25. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

61% of holders stayed for 2+ years

■ 61% conviction (2yr+) ■ 22% medium ■ 18% new
89 out of 147 hedge funds have held FISI for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📈

Growing discovery — still being found

19 → 9 → 24 → 20 → 25 new funds/Q
New funds entering each quarter: 9 → 24 → 20 → 25. A growing number of institutions are discovering FISI each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 68% veterans vs 19% newcomers

■ 68% veterans ■ 13% 1-2yr ■ 19% new
Entry-cohort mix of 148 holders: 101 (68%) are 2+ year veterans, 19 entered 1–2 years ago, and 28 (19%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 35% AUM from major funds

35% from top-100 AUM funds
39 of 147 holders rank in the top 100 by AUM, accounting for 35% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.7
out of 10
Low Exit Risk
Exit risk score 3.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — FISI

In 2026 Q1, 81 hedge funds were net buyers of FISI (25 opened a new position, 56 added to an existing one), while 66 reduced or exited (41 trimmed, 25 sold completely) — a 55% buyer ratio, indicating a slight buying edge. 35% of total institutional value in FISI is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: flat (entries and exits balanced). Total institutional holders: 147.

Hedge Fund Ownership: FISI

How many hedge funds hold FISI — quarterly history vs. share price
Quarterly hedge fund ownership of FISI vs. share price

Market Analysis: FISI

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FISI

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Financial Institutions Inc (FISI) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much FISI has moved relative to its sector benchmark (XLF) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 81d ago
FISI
nan%
XLF
+8.5%

FISI outperformed XLF by nan% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 36d ago
FISI
nan%
XLF
+4.8%

Since the filing became public, FISI outperformed XLF by nan% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

15 top-rated funds 1 high-conviction
Consensus
5.2
/ 10
breadth
×
Elite
1.1
/ 10
conviction
Hedge Fund Positioning: FISI
146 + Investors

Track Smart Money conviction in FISI. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 146 147 -0.68%
13F Shares 16M 16M -1.19%
Total Value $472M $494M -4.63%
New Positions 24 20 +4
Increased Positions 56 48 +8
Closed Positions 25 11 +14
Reduced Positions 41 56 -15
Total Calls 0 0 -
Total Puts 1 0 100%
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FISI

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

146 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in FISI. Verified SEC 13F-HR filings.

QUARTER:
Top 25 FISI holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 PL Capital Advisors, LLC 17.37% 1,816,102 $57.6M
2 Ategra Capital Management, LLC 8.89% 564,100 $17.9M
3 Palisades Investment Partners, LLC 1.84% 146,504 $4.7M
4 Mendon Capital Advisors Corp 1.23% 100,000 $3.2M
5 Maltese Capital Management LLC 0.73% 116,963 $3.7M
6 Bayview Asset Management, LLC 0.61% 50,000 $1.6M
7 Canandaigua National Corp 0.44% 154,881 $4.9M
8 Cutler Capital Management, LLC 0.42% 49,428 $1.6M
9 Courier Capital LLC 0.21% 117,201 $3.7M
10 Hillsdale Investment Management Inc. 0.20% 233,080 $7.4M
11 Daytona Street Capital LLC 0.20% 8,000 $258K
12 Numerai GP LLC 0.14% 43,823 $1.4M
13 Bridgeway Capital Management, LLC 0.11% 171,340 $5.4M
14 Informed Momentum Co LLC 0.08% 22,433 $711K
15 Stonebrook Private Inc. 0.06% 8,685 $275K
16 Curi Capital, LLC 0.06% 100,017 $3.2M
17 Adage Capital Partners GP, L.L.C. 0.05% 948,441 $30.1M
18 Campbell & CO Investment Adviser LLC 0.04% 22,284 $707K
19 Martingale Asset Management L P 0.03% 41,548 $1.3M
20 Kennedy Capital Management LLC 0.03% 46,348 $1.5M
21 AlphaQuest LLC 0.03% 17,064 $532K
22 Susquehanna Fundamental Investments, LLC 0.02% 20,131 $638K
23 Empowered Funds, LLC 0.02% 101,340 $3.2M
24 Hotchkis & Wiley Capital Management LLC 0.02% 202,302 $6.4M
25 Verition Fund Management LLC 0.01% 52,419 $1.7M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Financial Institutions Inc (FISI)

What does the Smart Money Trend signal show for FISI?

No change last quarter: The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.

What is the institutional breadth score for FISI?

Slight buying edge — 55% buying: Last quarter: 81 funds bought or added vs 66 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for FISI holders?

Strong quality — 35% AUM from major funds: 39 of 147 holders rank in the top 100 by AUM, accounting for 35% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held FISI?

61% of holders stayed for 2+ years: 89 out of 147 hedge funds have held FISI for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Financial Institutions Inc (FISI) following the 2026 Q1 hedge fund 13F filings?

As of today, FISI has moved nan% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.8% for the XLF sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), FISI has gained nan% vs +8.5% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

Full history →