Financial Institutions, Inc.
US ˙ NasdaqGS ˙ US3175854047

SecurityFISI / Financial Institutions, Inc.
InstitutionMorgan Stanley
Latest Disclosed Ownership260,727 shares
Latest Disclosed Value $ 8,267,706
Morgan Stanley reports 22.74% decrease in ownership of FISI / Financial Institutions, Inc.

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 260,727 shares of Financial Institutions, Inc. (US:FISI) valued at $8,267,653 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 337,488 shares of Financial Institutions, Inc.. This represents a change in shares of -22.74% during the quarter. The current value of the position is $9,547,823 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F FINANCIAL INSTITUTIONS COM 317585404 260,727 -76,761 -22.74 8,268 -21.41 0.0005
2026-05-27 2025-12-31 13F/A-1 FINANCIAL INSTNS COM 317585404 337,488 72,559 27.39 10,520 45.98 0.0006
2026-02-13 2025-12-31 13F FINANCIAL INSTNS COM 317585404 337,488 72,559 10,520 0.0006
2026-05-27 2025-09-30 13F/A-1 FINANCIAL INSTNS COM 317585404 264,929 13,408 5.33 7,206 11.57 0.0004
2025-11-14 2025-09-30 13F FINANCIAL INSTNS COM 317585404 264,929 13,408 7,206 0.0004
2025-08-15 2025-06-30 13F FINANCIAL INSTNS COM 317585404 251,521 27,664 12.36 6,459 15.61 0.0004
2025-05-15 2025-03-31 13F FINANCIAL INSTNS COM 317585404 223,857 -13,632 -5.74 5,588 -13.79 0.0004
2025-05-15 2024-12-31 13F/A-1 FINANCIAL INSTNS COM 317585404 237,489 -15,364 -6.08 6,481 0.64 0.0005
2025-02-14 2024-12-31 13F FINANCIAL INSTNS COM 317585404 237,489 -15,364 6,481 0.0005
2025-05-14 2024-09-30 13F/A-2 FINANCIAL INSTNS COM 317585404 252,853 10,268 4.23 6,440 37.43 0.0005
2025-02-14 2024-09-30 13F/A-1 FINANCIAL INSTNS COM 317585404 252,853 10,268 6,440 0.0005
2024-11-14 2024-09-30 13F FINANCIAL INSTNS COM 317585404 252,853 10,268 6,440 0.0001
2025-05-14 2024-06-30 13F/A-2 FINANCIAL INSTNS COM 317585404 242,585 26,087 12.05 4,687 15.02 0.0004
2024-10-17 2024-06-30 13F/A-1 FINANCIAL INSTNS COM 317585404 242,585 26,087 4,687 0.0004
2024-08-14 2024-06-30 13F FINANCIAL INSTNS COM 317585404 242,585 26,087 4,687 0.0004
2024-10-17 2024-03-31 13F/A-2 FINANCIAL INSTNS COM 317585404 216,498 25,613 13.42 4,075 0.22 0.0003
2024-08-16 2024-03-31 13F/A-1 FINANCIAL INSTNS COM 317585404 216,498 25,613 4,075 0.0000
2024-05-15 2024-03-31 13F FINANCIAL INSTNS COM 317585404 216,498 25,613 4,075 0.0003
2024-08-16 2023-12-31 13F/A-1 FINANCIAL INSTNS COM 317585404 190,885 19,063 11.09 4,066 40.61 0.0004
2024-02-13 2023-12-31 13F FINANCIAL INSTNS COM 317585404 190,885 19,063 4,066 0.0004
2023-11-15 2023-09-30 13F FINANCIAL INSTNS COM 317585404 171,822 -133,389 -43.70 2,892 -39.82 0.0003
2023-08-14 2023-06-30 13F FINANCIAL INSTNS COM 317585404 305,211 64,995 27.06 4,804 3.74 0.0005
2023-05-15 2023-03-31 13F FINANCIAL INSTNS COM 317585404 240,216 6,403 2.74 4,631 -18.68 0.0005
2023-02-14 2022-12-31 13F FINANCIAL INSTNS COM 317585404 233,813 95,779 69.39 5,696 71.48 0.0006
2022-11-14 2022-09-30 13F FINANCIAL INSTNS COM 317585404 138,034 13,851 11.15 3,321 2.79 0.0005
2022-10-27 2022-06-30 13F/A-1 FINANCIAL INSTNS COM 317585404 124,183 92,262 289.03 3,231 236.21 0.0004
2022-08-15 2022-06-30 13F FINANCIAL INSTNS COM 317585404 124,183 92,262 3,231 0.0001
2022-10-27 2022-03-31 13F/A-1 FINANCIAL INSTNS COM 317585404 31,921 2,833 9.74 961 3.89 0.0001
2022-05-13 2022-03-31 13F FINANCIAL INSTNS COM 317585404 31,921 2,833 961 0.0001
2022-02-14 2021-12-31 13F FINANCIAL INSTNS COM 317585404 29,088 -1,060 -3.52 925 0.11 0.0001
2021-11-15 2021-09-30 13F FINANCIAL INSTNS COM 317585404 30,148 -373 -1.22 924 0.87 0.0001
2021-08-23 2021-06-30 13F/A-1 FINANCIAL INSTNS COM 317585404 30,521 19,989 189.79 916 187.15 0.0001
2021-08-16 2021-06-30 13F FINANCIAL INSTNS COM 317585404 30,521 19,989 916 0.0000
2021-05-17 2021-03-31 13F FINANCIAL INSTNS COM 317585404 10,532 -8,033 -43.27 319 -23.68 0.0000
2021-02-16 2020-12-31 13F FINANCIAL INSTNS COM 317585404 18,565 16,265 707.17 418 1,094.29 0.0001
2020-11-13 2020-09-30 13F FINANCIAL INSTNS COM 317585404 2,300 -3,503 -60.37 35 -67.29 0.0000
2020-08-14 2020-06-30 13F FINANCIAL INSTNS COM 317585404 5,803 -3,710 -39.00 107 -38.15 0.0000
2020-05-26 2020-03-31 13F/A-1 FINANCIAL INSTNS COM 317585404 9,513 -27,019 -73.96 173 -85.25 0.0000
2020-05-15 2020-03-31 13F FINANCIAL INSTNS COM 317585404 9,513 -27,019 173 13.2900
2020-02-14 2019-12-31 13F FINANCIAL INSTNS COM 317585404 36,532 14,038 62.41 1,173 73.01 0.0003
2019-11-14 2019-09-30 13F FINANCIAL INSTNS COM 317585404 22,494 20,971 1,376.95 678 1,406.67 0.0002
2019-08-14 2019-06-30 13F FINANCIAL INSTNS COM 317585404 1,523 -27,549 -94.76 45 -94.31 0.0000
2019-05-15 2019-03-31 13F FINANCIAL INSTNS COM 317585404 29,072 -55,025 -65.43 791 -63.41 0.0002
2019-02-14 2018-12-31 13F FINANCIAL INSTNS COM 317585404 84,097 -154,575 -64.76 2,162 -71.15 0.0006
2019-04-23 2018-09-30 13F/A-2 FINANCIAL INSTNS COM 317585404 238,672 130,863 121.38 7,494 111.28 0.0019
2018-11-20 2018-09-30 13F/A-1 FINANCIAL INSTNS COM 317585404 238,672 0 7,494 0.0019
2018-11-14 2018-09-30 13F FINANCIAL INSTNS COM 317585404 238,672 130,863 7,494
2019-04-23 2018-06-30 13F/A-1 FINANCIAL INSTNS COM 317585404 107,809 -5,752 -5.07 3,547 5.53 0.0010
2018-08-14 2018-06-30 13F FINANCIAL INSTNS COM 317585404 107,809 -5,752 3,547
2019-04-23 2018-03-31 13F/A-1 FINANCIAL INSTNS COM 317585404 113,561 11,687 11.47 3,361 6.06 0.0009
2018-05-14 2018-03-31 13F FINANCIAL INSTNS COM 317585404 113,561 11,687 3,361
2019-04-23 2017-12-31 13F/A-1 FINANCIAL INSTNS COM 317585404 101,874 -7,376 -6.75 3,169 0.70 0.0009
2018-02-14 2017-12-31 13F FINANCIAL INSTNS COM 317585404 101,874 -7,376 3,169
2017-11-14 2017-09-30 13F FINANCIAL INSTNS COM 317585404 109,250 8,018 7.92 3,147 4.31 0.0009
2017-08-11 2017-06-30 13F FINANCIAL INSTNS COM 317585404 101,232 -14,931 -12.85 3,017 -21.19 0.0009
2017-05-22 2017-03-31 13F/A-1 FINANCIAL INSTNS COM 317585404 116,163 -13,078 -10.12 3,828 -13.39 0.0012
2017-05-12 2017-03-31 13F FINANCIAL INSTNS COM 317585404 116,163 3,828
2017-02-22 2016-12-31 13F/A-1 FINANCIAL INSTNS COM 317585404 129,241 99,810 339.13 4,420 453.88 0.0014
2017-02-13 2016-12-31 13F FINANCIAL INSTNS COM 317585404 129,241 4,420
2016-11-10 2016-09-30 13F FINANCIAL INSTNS COM 317585404 29,431 28,338 2,592.68 798 2,651.72 0.0003
2016-08-12 2016-06-30 13F FINANCIAL INSTNS COM 317585404 1,093 269 32.65 29 20.83 0.0000
2016-05-12 2016-03-31 13F FINANCIAL INSTNS COM 317585404 824 -4,593 -84.79 24 -84.21 0.0000
2016-02-09 2015-12-31 13F FINANCIAL INSTNS COM 317585404 5,417 -105,328 -95.11 152 -94.46 0.0001
2016-02-08 2015-09-30 13F/A-1 FINANCIAL INSTNS COM 317585404 110,745 5,456 5.18 2,745 4.97 0.0010
2015-11-09 2015-09-30 13F FINANCIAL INSTNS COM 317585404 110,745 2,745
2015-08-12 2015-06-30 13F FINANCIAL INSTNS COM 317585404 105,289 7,651 7.84 2,615 16.79 0.0009
2015-05-14 2015-03-31 13F FINANCIAL INSTNS COM 317585404 97,638 63,485 185.88 2,239 160.96 0.0008
2015-02-13 2014-12-31 13F FINANCIAL INSTNS COM 317585404 34,153 6,171 22.05 858 36.41 0.0003
2014-12-16 2014-09-30 13F/A-1 FINANCIAL INSTNS COM 317585404 27,982 4,848 20.96 629 18.01 0.0002
2014-11-14 2014-09-30 13F FINANCIAL INSTNS COM 317585404 27,982 629
2014-05-13 2014-03-31 13F FINANCIAL INSTNS COM 317585404 23,134 -3,969 -14.64 533 -20.45 0.0002
2014-02-13 2013-12-31 13F FINANCIAL INSTNS COM 317585404 27,103 14,706 118.63 670 163.78 0.0003
2013-11-13 2013-09-30 13F FINANCIAL INSTNS INC COM ST COM 317585404 12,397 1,756 16.50 254 30.26 0.0001
2013-08-08 2013-06-30 13F FINANCIAL INSTNS INC COM ST COM 317585404 10,641 10,641 195 0.0001
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.