Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Midland States Bancorp Inc (MSBI)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -1
Streak
2Q ▼
Buyers last Q
57%

Smart Money Signals — MSBI

Based on 136 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their MSBI positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (98% of max)

98% of all-time peak
136 hedge funds hold MSBI 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 — +4% more funds vs a year ago

fund count last 6Q
+5 new funds entered over the past year (+4% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 57% buying

73 buying54 selling
Last quarter: 73 funds bought or added vs 54 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.
⚠️

Fewer new buyers each quarter (-6 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 21 → 19 → 20 → 14. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

59% of holders stayed for 2+ years

■ 59% conviction (2yr+) ■ 21% medium ■ 21% new
80 out of 136 hedge funds have held MSBI 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.
➡️

Steady discovery — ~14 new funds/quarter

14 → 21 → 19 → 20 → 14 new funds/Q
New funds entering each quarter: 21 → 19 → 20 → 14. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 64% veterans vs 23% newcomers

■ 64% veterans ■ 13% 1-2yr ■ 23% new
Entry-cohort mix of 136 holders: 87 (64%) are 2+ year veterans, 18 entered 1–2 years ago, and 31 (23%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 39% AUM from major funds

39% from top-100 AUM funds
36 of 136 holders rank in the top 100 by AUM, accounting for 39% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.4
out of 10
Low Exit Risk
Exit risk score 3.4/10 — 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 — MSBI

In 2026 Q1, 73 hedge funds were net buyers of MSBI (14 opened a new position, 59 added to an existing one), while 54 reduced or exited (39 trimmed, 15 sold completely) — a 57% buyer ratio, indicating a slight buying edge. Net selling has persisted for two consecutive quarters. 39% of total institutional value in MSBI is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -1 funds (more exits than new entries). Total institutional holders: 136.

Hedge Fund Ownership: MSBI

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

Market Analysis: MSBI

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: MSBI

-- --

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

Is It Too Late to Buy Midland States Bancorp Inc (MSBI) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much MSBI 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 · 80d ago
MSBI
nan%
XLF
+9.5%

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

Since 13F Filing Date May 15, 2026 · 35d ago
MSBI
nan%
XLF
+5.8%

Since the filing became public, MSBI 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.

14 top-rated funds 1 high-conviction
Consensus
5.1
/ 10
breadth
×
Elite
1.1
/ 10
conviction
Hedge Fund Positioning: MSBI
135 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 135 137 -1.46%
13F Shares 14M 14M 1.05%
Total Value $298M $294M 1.33%
New Positions 13 20 -7
Increased Positions 59 56 +3
Closed Positions 15 21 -6
Reduced Positions 39 50 -11
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: MSBI

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Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

135 + investors

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

QUARTER:
Top 25 MSBI holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Patriot Financial Partners GP II, L.P. 2.52% 438,500 $9.8M
2 Rhino Investment Partners, Inc 1.99% 320,288 $7.1M
3 Busey Bank 0.46% 759,286 $16.9M
4 Maltese Capital Management LLC 0.38% 87,500 $2.0M
5 Brucke Financial, Inc. 0.13% 11,744 $262K
6 Numerai GP LLC 0.10% 45,619 $1.0M
7 Daytona Street Capital LLC 0.09% 5,035 $116K
8 Bridgeway Capital Management, LLC 0.06% 129,459 $2.9M
9 Hotchkis & Wiley Capital Management LLC 0.04% 540,364 $12.1M
10 XTX Topco Ltd 0.02% 59,270 $1.3M
11 Jacobs Levy Equity Management, Inc 0.02% 242,550 $5.4M
12 Midland Wealth Advisors, LLC 0.02% 19,568 $437K
13 Smith, Moore & CO. 0.02% 13,232 $295K
14 AlphaQuest LLC 0.02% 17,953 $380K
15 Bank & Trust Co 0.02% 1,314 $29K
16 Occudo Quantitative Strategies LP 0.02% 13,706 $356K
17 Essential Partners LLC 0.01% 1,907 $43K
18 Empowered Funds, LLC 0.01% 96,686 $2.2M
19 Susquehanna Fundamental Investments, LLC 0.01% 16,151 $360K
20 Martingale Asset Management L P 0.01% 22,612 $504K
21 Valeo Financial Advisors, LLC 0.01% 18,964 $423K
22 Trexquant Investment LP 0.01% 61,321 $1.4M
23 First Financial Corp /In/ 0.01% 1,035 $23K
24 Hennion & Walsh Asset Management, Inc. 0.01% 11,465 $256K
25 Engineers Gate Manager LP 0.01% 25,553 $570K
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 — Midland States Bancorp Inc (MSBI)

What does the Smart Money Trend signal show for MSBI?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their MSBI positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for MSBI?

Slight buying edge — 57% buying: Last quarter: 73 funds bought or added vs 54 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 MSBI holders?

Strong quality — 39% AUM from major funds: 36 of 136 holders rank in the top 100 by AUM, accounting for 39% 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 MSBI?

59% of holders stayed for 2+ years: 80 out of 136 hedge funds have held MSBI 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 Midland States Bancorp Inc (MSBI) following the 2026 Q1 hedge fund 13F filings?

As of today, MSBI has moved nan% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.8% for the XLF sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), MSBI has gained nan% vs +9.5% 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.

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