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Institutional Ownership · SEC Form 13F

Who owns Midland States Bancorp, Inc. (MSBI)


Which tracked institutional funds hold MSBI, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See MSBI company fundamentals →

Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.

137
Institutional holders
14M
Shares held (tracked funds)
66.4%
Of shares outstanding

How the tape is positioned

32 tracked funds added or opened MSBI while 18 trimmed or exited it between 2025-Q4 and 2026-Q1 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.

A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.

Conviction spread

MSBI’s largest tracked holder by dollar value, BlackRock, Inc., sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp gap the other way — the median holder sizes MSBI more heavily than its largest holder by dollar value does.

Book-share is each fund’s reported value in MSBI divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.

Institutional & insider positioning

Between 2025-Q4 and 2026-Q1, across 137 tracked filers holding MSBI, 74 increased or opened the position and 56 reduced or closed it; over the same quarter, open-market insider Form 4 buying and selling roughly offset.

This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.

New buyers & exits

Funds opening or closing a position in MSBI between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.

New buyers 10

  • VANGUARD CAPITAL MANAGEMENT LLC$20M
  • Patriot Financial Partners GP II, L.P.$10M
  • VANGUARD PORTFOLIO MANAGEMENT LLC$5M
  • VANGUARD FIDUCIARY TRUST CO$3M
  • MALTESE CAPITAL MANAGEMENT LLC$2M
  • PRINCIPAL FINANCIAL GROUP INC$912K

Full exits 5

  • VANGUARD GROUP INC$26M
  • TWO SIGMA ADVISERS, LP$2M
  • PRUDENTIAL FINANCIAL INC$2M
  • Jump Financial, LLC$959K
  • Squarepoint Ops LLC$911K

Largest adds

  • HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC$4M
  • STATE STREET CORP$3M
  • ACADIAN ASSET MANAGEMENT LLC$2M
  • GOLDMAN SACHS GROUP INC$2M
  • Rhino Investment Partners, Inc$2M
  • BlackRock, Inc.$1M

Largest trims

  • MILLENNIUM MANAGEMENT LLC$4M
  • Nuveen, LLC$3M
  • DIMENSIONAL FUND ADVISORS LP$2M
  • JANE STREET GROUP, LLC$921K
  • LOS ANGELES CAPITAL MANAGEMENT LLC$869K
  • Trexquant Investment LP$847K

Institutional holders

One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).

FundSharesReported value% of valueQuarter
BlackRock, Inc. trimmed2,855,654$64M17.7%2026-Q1
VANGUARD CAPITAL MANAGEMENT LLC new901,392$20M5.6%2026-Q1
DIMENSIONAL FUND ADVISORS LP trimmed890,800$20M5.5%2026-Q1
STATE STREET CORP added765,922$17M4.8%2026-Q1
Busey Bank759,286$17M4.7%2026-Q1
AMERICAN CENTURY COMPANIES INC trimmed586,162$13M3.6%2026-Q1
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC added540,364$12M3.4%2026-Q1
GEODE CAPITAL MANAGEMENT, LLC added533,957$12M3.3%2026-Q1
Patriot Financial Partners GP II, L.P. new438,500$10M2.7%2026-Q1
AQR CAPITAL MANAGEMENT LLC trimmed382,444$9M2.4%2026-Q1
Rhino Investment Partners, Inc added320,288$7M2.0%2026-Q1
LSV ASSET MANAGEMENT trimmed290,289$6M1.8%2026-Q1
GOLDMAN SACHS GROUP INC added261,017$6M1.6%2026-Q1
ACADIAN ASSET MANAGEMENT LLC added256,221$6M1.6%2026-Q1
JACOBS LEVY EQUITY MANAGEMENT, INC added242,550$5M1.5%2026-Q1
VANGUARD PORTFOLIO MANAGEMENT LLC new229,628$5M1.4%2026-Q1
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added198,525$4M1.2%2026-Q1
TWO SIGMA INVESTMENTS, LP added174,088$4M1.1%2026-Q1
CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed169,640$4M1.1%2026-Q1
NORTHERN TRUST CORP added153,973$3M1.0%2026-Q1
MORGAN STANLEY trimmed149,625$3M0.9%2026-Q1
BANK OF AMERICA CORP /DE/ trimmed143,315$3M0.9%2026-Q1
ALGERT GLOBAL LLC added137,231$3M0.9%2026-Q1
VANGUARD FIDUCIARY TRUST CO new135,907$3M0.8%2026-Q1
BRIDGEWAY CAPITAL MANAGEMENT, LLC added129,459$3M0.8%2026-Q1
Bank of New York Mellon Corp added126,213$3M0.8%2026-Q1
AMERIPRISE FINANCIAL INC added97,524$2M0.6%2026-Q1
Empowered Funds, LLC added96,686$2M0.6%2026-Q1
D. E. Shaw & Co., Inc. trimmed87,534$2M0.5%2026-Q1
MALTESE CAPITAL MANAGEMENT LLC added87,500$2M0.5%2026-Q1
JPMORGAN CHASE & CO trimmed82,175$2M0.5%2026-Q1
UBS Group AG added77,514$2M0.5%2026-Q1
ROYAL BANK OF CANADA added68,757$2M0.4%2026-Q1
Connor, Clark & Lunn Investment Management Ltd. added66,641$1M0.4%2026-Q1
Nuveen, LLC trimmed63,202$1M0.4%2026-Q1
Trexquant Investment LP trimmed61,321$1M0.4%2026-Q1
XTX Topco Ltd added59,270$1M0.4%2026-Q1
FEDERATED HERMES, INC. added57,695$1M0.4%2026-Q1
JANE STREET GROUP, LLC trimmed54,949$1M0.3%2026-Q1
Quantinno Capital Management LP added54,635$1M0.3%2026-Q1
IEQ CAPITAL, LLC added53,682$1M0.3%2026-Q1
CITADEL ADVISORS LLC trimmed51,818$1M0.3%2026-Q1
Universal- Beteiligungs- und Servicegesellschaft mbH51,752$1M0.3%2026-Q1
HSBC HOLDINGS PLC added49,439$1M0.3%2026-Q1
Creative Planning added49,103$1M0.3%2026-Q1
BARCLAYS PLC trimmed49,002$1M0.3%2026-Q1
Numerai GP LLC added45,619$1M0.3%2026-Q1
Russell Investments Group, Ltd. trimmed42,003$937K0.3%2026-Q1
PRINCIPAL FINANCIAL GROUP INC added40,863$912K0.3%2026-Q1
COMMONWEALTH EQUITY SERVICES, LLC trimmed40,859$912K0.3%2026-Q1
Invesco Ltd. added40,556$905K0.3%2026-Q1
SEI INVESTMENTS CO added38,076$849K0.2%2026-Q1
FMR LLC added34,242$764K0.2%2026-Q1
ALLIANCEBERNSTEIN L.P. trimmed33,260$704K0.2%2026-Q1
Mariner, LLC trimmed31,272$698K0.2%2026-Q1
Vanguard Global Advisers, LLC new27,701$618K0.2%2026-Q1
RHUMBLINE ADVISERS trimmed26,135$583K0.2%2026-Q1
Engineers Gate Manager LP added25,553$570K0.2%2026-Q1
STATE OF WISCONSIN INVESTMENT BOARD trimmed23,283$519K0.1%2026-Q1
LOS ANGELES CAPITAL MANAGEMENT LLC trimmed23,155$517K0.1%2026-Q1
Jefferies Financial Group Inc. new22,815$509K0.1%2026-Q1
MARTINGALE ASSET MANAGEMENT L P trimmed22,612$504K0.1%2026-Q1
MILLENNIUM MANAGEMENT LLC trimmed21,208$473K0.1%2026-Q1
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO added21,039$469K0.1%2026-Q1
Rafferty Asset Management, LLC added20,058$447K0.1%2026-Q1
MIDLAND WEALTH ADVISORS, LLC trimmed19,568$437K0.1%2026-Q1
Valeo Financial Advisors, LLC added18,964$423K0.1%2026-Q1
CITIGROUP INC trimmed18,900$422K0.1%2026-Q1
SUSQUEHANNA INTERNATIONAL GROUP, LLP added18,100$404K0.1%2026-Q1
DEUTSCHE BANK AG\ added17,527$391K0.1%2026-Q1
CWM, LLC added17,177$383K0.1%2026-Q1
SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC trimmed16,151$360K0.1%2026-Q1
OCCUDO QUANTITATIVE STRATEGIES LP trimmed13,706$356K0.1%2026-Q1
VANGUARD GROUP INC added1,227,934$26M7.2%2025-Q4 stale
Dana Investment Advisors, Inc. added239,838$4M1.1%2025-Q1 stale
TWO SIGMA ADVISERS, LP trimmed104,400$2M0.6%2025-Q4 stale
LPL Financial LLC added125,066$2M0.6%2025-Q2 stale
Palisades Investment Partners, LLC trimmed102,951$2M0.5%2025-Q1 stale
SEGALL BRYANT & HAMILL, LLC new96,008$2M0.5%2025-Q1 stale
PRUDENTIAL FINANCIAL INC trimmed71,461$2M0.4%2025-Q4 stale
Qube Research & Technologies Ltd added59,373$1M0.3%2025-Q3 stale
Jump Financial, LLC added45,300$959K0.3%2025-Q4 stale
Squarepoint Ops LLC added43,009$911K0.3%2025-Q4 stale
Fourthstone LLC new52,609$902K0.3%2025-Q3 stale
Brandywine Global Investment Management, LLC trimmed46,977$814K0.2%2025-Q2 stale
BROWN ADVISORY INC42,383$726K0.2%2025-Q3 stale
Swiss National Bank39,900$683K0.2%2025-Q1 stale
Y-Intercept (Hong Kong) Ltd added38,346$656K0.2%2025-Q1 stale
STRS OHIO added31,200$540K0.2%2025-Q2 stale
Sequoia Financial Advisors, LLC trimmed30,609$525K0.1%2025-Q3 stale
ExodusPoint Capital Management, LP added29,968$514K0.1%2025-Q3 stale
Point72 Asset Management, L.P. added22,630$479K0.1%2025-Q4 stale
Campbell & CO Investment Adviser LLC added27,459$476K0.1%2025-Q2 stale
PDT Partners, LLC added25,556$438K0.1%2025-Q1 stale
Cubist Systematic Strategies, LLC trimmed23,534$403K0.1%2025-Q3 stale
Walleye Capital LLC trimmed18,725$396K0.1%2025-Q4 stale
GSA CAPITAL PARTNERS LLP trimmed17,997$381K0.1%2025-Q4 stale
AlphaQuest LLC trimmed17,953$380K0.1%2025-Q4 stale
HRT FINANCIAL LP added21,561$373K0.1%2025-Q2 stale
KLP KAPITALFORVALTNING AS17,300$366K0.1%2025-Q4 stale

Ownership over time

Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.

HoldersTotal shares

Reading this table

Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.

About 13F filings

A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.

Learn how to read institutional ownership