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Asset Manager ← All Institutions

FIRST INTERSTATE BANK

401 NORTH 31ST STREET, BILLINGS, MT 59101 • 4062555230

Q1 2026 · Filed 2026-04-29
Market Value
$1.8B
-4.5%
Holdings
210
New Purchases
11
Added To
45
Closed
24
Reduced
97
Top 10 Concentration
63.5%
Turnover
16.7%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VCIT 9.04% 8.17% +0.87% $161M
VTIP 4.27% 3.65% +0.62% $76M
IJH 5.88% 5.37% +0.50% $105M
VGIT 6.02% 5.56% +0.46% $107M
RSP 8.21% 7.78% +0.44% $146M
GUNR 4.08% 3.66% +0.42% $73M
IJR 4.75% 4.35% +0.40% $84M
VMBS 3.64% 3.37% +0.27% $65M
BUG 0.22% 0.00% +0.22% $4M
IBDY 2.82% 2.67% +0.15% $50M
IVV 7.57% 7.45% +0.12% $135M
PFF 4.94% 4.83% +0.11% $88M
EFA 0.23% 0.14% +0.09% $4M
IBB 0.39% 0.31% +0.08% $7M
REVS 0.07% 0.00% +0.07% $1M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
HEFA 0.33% 3.16% -2.84% $6M
PAVE 2.18% 3.11% -0.93% $39M
SOXX 0.03% 0.40% -0.37% $454K
MSFT 0.87% 1.08% -0.21% $16M
UNH 0.03% 0.19% -0.16% $479K
WMT 0.39% 0.52% -0.13% $7M
AXP 0.35% 0.43% -0.08% $6M
BX 0.22% 0.29% -0.07% $4M
AMZN 0.80% 0.86% -0.06% $14M
PANW 0.42% 0.48% -0.05% $7M
IEF 0.29% 0.34% -0.05% $5M
JPM 0.49% 0.54% -0.05% $9M
ABT 0.25% 0.30% -0.05% $4M
FHN 0.00% 0.05% -0.05% $0
IBDX 0.06% 0.11% -0.05% $1M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 87.9%
Technology 4.2%
Consumer Cyclical 1.7%
Communication Services 1.6%
Industrials 1.4%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 54 $318M 17.9%
Large Cap 119 $1.1B 62.5%
Mid Cap 27 $287M 16.2%
Small Cap 8 $60M 3.4%
Micro Cap 2 $2M 0.1%

Portfolio Analytics

Avg Market Cap
$289.6B
Median Market Cap
$84.4B
Avg P/E
30.6
Median P/E
25.6
Avg Dividend Yield
0.02%
Avg Beta
0.92
# Stocks
132
# ETFs / Funds
78

Top Holdings (210 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 VCIT 9.04% 1,943,286 $161M $82.75 $9M +125,741 +6.9%
2 FIBK 8.74% 4,653,119 $155M $33.40 -$6M -12,163 -0.3%
3 RSP 8.21% 761,230 $146M $191.92 $1M +4,860 +0.6%
4 IVV 7.57% 206,171 $135M $653.21 -$4M +3,495 +1.7%
5 VGIT 6.02% 1,799,821 $107M $59.55 $4M +69,857 +4.0%
6 IJH 5.88% 1,548,799 $105M $67.53 $4M +31,235 +2.1%
7 PFF 4.94% 2,899,087 $88M $30.32 -$2M -7,210 -0.2%
8 IJR 4.75% 679,701 $84M $124.31 $3M +4,801 +0.7%
9 VTIP 4.27% 1,520,921 $76M $49.95 $8M +144,907 +10.5%
10 GUNR 4.08% 1,315,126 $73M $55.16 $4M -171,697 -11.6%
11 VMBS 3.64% 1,379,528 $65M $46.95 $2M +44,564 +3.3%
12 IBDY 2.82% 1,940,344 $50M $25.85 $428K +37,912 +2.0%
13 PAVE 2.18% 763,387 $39M $50.81 -$19M -449,547 -37.1%
14 XLK 1.94% 259,948 $35M $132.90 -$2M +4,875 +1.9%
15 AAPL 1.13% 79,141 $20M $253.79 -$1M +1,286 +1.6%
16 GOOGL 0.95% 58,756 $17M $287.56 -$2M -401 -0.7%
17 XLV 0.95% 114,970 $17M $146.61 -$1M -2,036 -1.7%
18 XLC 0.91% 146,616 $16M $110.86 -$698K +2,618 +1.8%
19 MSFT 0.87% 41,954 $16M $370.17 -$5M +360 +0.9%
20 XLI 0.84% 92,580 $15M $161.73 $358K -1,635 -1.7%
21 AMZN 0.80% 68,307 $14M $208.27 -$2M -976 -1.4%
22 XLE 0.71% 206,565 $13M $61.26 -$64K -77,905 -27.4%
23 XLF 0.69% 247,689 $12M $49.37 -$1M +122 +0.1%
24 BRK-B 0.59% 21,853 $10M $479.20 -$972K -914 -4.0%
25 CSCO 0.57% 131,143 $10M $77.59 -$332K -5,261 -3.9%
26 JPM 0.49% 29,524 $9M $294.16 -$1M -1,586 -5.1%
27 XSD 0.48% 26,294 $9M $326.12 -$63K -567 -2.1%
28 XLU 0.45% 173,785 $8M $45.89 $309K -5,793 -3.2%
29 PANW 0.42% 46,683 $7M $160.32 -$1M -1,433 -3.0%
30 IBB 0.39% 41,082 $7M $168.85 $1M +6,465 +18.7%
31 WMT 0.39% 55,749 $7M $124.28 -$3M -30,472 -35.3%
32 MCD 0.38% 22,029 $7M $310.79 -$208K -1,053 -4.6%
33 XLB 0.38% 135,172 $7M $49.97 $481K -3,158 -2.3%
34 XLRE 0.38% 164,463 $7M $40.83 -$187K -6,592 -3.9%
35 XLP 0.36% 78,638 $6M $81.98 -$247K -7,536 -8.8%
36 COST 0.36% 6,373 $6M $996.43 $623K -269 -4.0%
37 AXP 0.35% 20,567 $6M $302.48 -$2M -1,111 -5.1%
38 XLY 0.35% 56,862 $6M $108.98 -$455K +1,160 +2.1%
39 HEFA 0.33% 137,540 $6M $42.50 -$53M -1,288,461 -90.3%
40 HON 0.31% 24,570 $6M $226.03 $632K -657 -2.6%
41 NVDA 0.31% 31,191 $5M $174.40 -$688K -1,663 -5.1%
42 IEF 0.29% 53,680 $5M $95.44 -$1M -12,165 -18.5%
43 DIS 0.29% 53,059 $5M $96.38 -$1M -818 -1.5%
44 C 0.28% 43,821 $5M $113.41 -$375K -1,986 -4.3%
45 LOW 0.28% 20,999 $5M $236.28 -$324K -917 -4.2%
46 CGHM 0.28% 194,377 $5M $25.32 $820K +33,387 +20.7%
47 GSEW 0.28% 57,800 $5M $84.66 -$358K -3,896 -6.3%
48 KRE 0.26% 72,166 $5M $65.15 -$24K -743 -1.0%
49 CRM 0.25% 24,279 $5M $186.67 $488K +9,013 +59.0%
50 ABT 0.25% 42,889 $4M $102.67 -$1M -1,251 -2.8%
51 UNP 0.24% 17,494 $4M $242.62 -$108K -1,321 -7.0%
52 META 0.23% 7,233 $4M $572.13 -$624K +18 +0.2%
53 SPY 0.23% 6,323 $4M $650.34 -$245K -66 -1.0%
54 EFA 0.23% 42,130 $4M $97.13 $1M +14,355 +51.7%
55 BX 0.22% 34,064 $4M $114.99 -$2M -1,559 -4.4%
56 BUG 0.22% 152,851 $4M $25.11 +152,851 NEW
57 PFFD 0.21% 204,730 $4M $18.40 $390K +26,138 +14.6%
58 PFE 0.21% 131,289 $4M $28.08 $260K -6,322 -4.6%
59 VOO 0.20% 5,832 $3M $597.55 -$247K -119 -2.0%
60 MDLZ 0.19% 59,609 $3M $57.64 $53K -3,226 -5.1%
61 EEM 0.19% 58,618 $3M $56.79 $1M +17,051 +41.0%
62 AVGO 0.18% 10,216 $3M $309.51 -$381K -21 -0.2%
63 AGG 0.17% 30,435 $3M $99.27 $154K +1,727 +6.0%
64 HD 0.17% 8,974 $3M $328.89 -$142K -16 -0.2%
65 AEM 0.16% 14,279 $3M $202.98 $478K
66 EMR 0.16% 21,459 $3M $131.02 -$196K -1,204 -5.3%
67 IHI 0.15% 50,890 $3M $53.35 $753K +19,328 +61.2%
68 KKR 0.13% 24,209 $2M $92.50 -$884K -293 -1.2%
69 BRK-A 0.12% 3 $2M $718,140.00 -$865K -1 -25.0%
70 JNJ 0.12% 8,689 $2M $244.44 $161K -796 -8.4%
71 XOM 0.12% 12,344 $2M $169.66 $30K -4,807 -28.0%
72 CAT 0.11% 2,790 $2M $708.46 $224K -270 -8.8%
73 GOOG 0.11% 6,856 $2M $286.86 -$196K -36 -0.5%
74 MPC 0.11% 7,949 $2M $244.18 $189K -2,826 -26.2%
75 BSV 0.11% 24,626 $2M $78.41 $104K +1,440 +6.2%
76 PSX 0.11% 10,477 $2M $182.18 $417K -1,080 -9.3%
77 MRK 0.11% 15,822 $2M $120.29 $93K -1,377 -8.0%
78 ORCL 0.10% 12,370 $2M $147.11 -$554K +192 +1.6%
79 ITOT 0.10% 12,541 $2M $142.43 -$180K -683 -5.2%
80 VEU 0.08% 19,812 $1M $75.10 -$102K -1,800 -8.3%
81 REVS 0.07% 46,150 $1M $28.62 +46,150 NEW
82 CVX 0.07% 6,161 $1M $206.90 $343K +49 +0.8%
83 BA 0.07% 6,337 $1M $199.03 $1M +5,361 +549.3%
84 TMO 0.07% 2,562 $1M $491.53 -$292K -115 -4.3%
85 VB 0.07% 4,757 $1M $261.92 $34K +60 +1.3%
86 ABBV 0.07% 5,665 $1M $217.49 -$448K -1,686 -22.9%
87 JCI 0.07% 9,377 $1M $130.95 -$29K -1,123 -10.7%
88 APH 0.07% 9,600 $1M $126.35 -$84K
89 DE 0.07% 2,135 $1M $563.30 $195K -30 -1.4%
90 VWO 0.06% 20,496 $1M $54.05 $112K +1,972 +10.7%
91 PEP 0.06% 7,101 $1M $155.29 -$103K -1,302 -15.5%
92 HYG 0.06% 13,614 $1M $79.56 -$15K
93 WFC 0.06% 13,437 $1M $79.61 -$133K +528 +4.1%
94 IBDX 0.06% 42,184 $1M $25.27 -$898K -34,754 -45.2%
95 KO 0.06% 13,939 $1M $76.05 -$82K -2,391 -14.6%
96 PG 0.06% 7,092 $1M $144.44 -$38K -320 -4.3%
97 GE 0.05% 3,384 $960K $283.77 -$137K -179 -5.0%
98 TRP 0.05% 15,199 $951K $62.60 $143K +499 +3.4%
99 GS 0.05% 1,121 $948K $845.99 -$59K -25 -2.2%
100 VT 0.05% 6,650 $920K $138.32 -$18K

New Positions

SymbolValue% Port
BUG $4M 0.22%
REVS $1M 0.07%
TOTB.DE $637K 0.04%
WM $325K 0.02%
RL $319K 0.02%
IVE $289K 0.02%
F-PD $265K 0.01%
LMT $230K 0.01%
ET $222K 0.01%
ETN $215K 0.01%
SEE $211K 0.01%

Sold Out Positions

SymbolValue% Port
BDX —%
NKE —%
SPGI —%
FHN —%
KMI —%
SCHW —%
ROK —%
PWR —%
MLM —%
IQI —%
LLY —%
GWW —%
FFIC —%
LRCX —%
ADSK —%
View SEC EDGAR Filings for FIRST INTERSTATE BANK →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms