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Asset Manager ← All Institutions

FIRST INTERSTATE BANK

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

Q2 2025 · Filed 2025-07-30
Market Value
$1.7B
+1.6%
Holdings
186
+1
New Purchases
16
Added To
25
Closed
5
Reduced
102
Top 10 Concentration
59.6%
Turnover
11.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GUNR 3.35% 1.80% +1.55% $57M
IVV 7.36% 6.90% +0.46% $125M
XLK 1.96% 1.64% +0.32% $33M
GSEW 0.32% 0.00% +0.32% $5M
PAVE 3.06% 2.74% +0.32% $52M
IEF 0.31% 0.00% +0.31% $5M
IJH 5.45% 5.15% +0.30% $93M
MSFT 1.26% 0.97% +0.29% $21M
KKR 0.18% 0.00% +0.18% $3M
PFFD 0.13% 0.00% +0.13% $2M
ITOT 0.12% 0.00% +0.12% $2M
AMZN 0.91% 0.79% +0.12% $15M
IJR 4.27% 4.16% +0.11% $73M
NVDA 0.34% 0.24% +0.10% $6M
PANW 0.61% 0.52% +0.09% $10M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
HEFA 3.24% 5.39% -2.15% $55M
VCIT 8.50% 9.85% -1.36% $145M
RSP 8.01% 8.48% -0.46% $136M
PFF 5.16% 5.52% -0.36% $88M
FIBK 8.34% 8.64% -0.31% $142M
UNH 0.20% 0.35% -0.15% $3M
XLV 0.96% 1.07% -0.11% $16M
AAPL 0.99% 1.10% -0.11% $17M
BRK-B 0.56% 0.66% -0.10% $10M
XLE 0.72% 0.80% -0.09% $12M
IBDX 2.95% 3.03% -0.08% $50M
TLT 0.04% 0.11% -0.08% $674K
IBDY 2.84% 2.91% -0.07% $48M
BMY 0.14% 0.19% -0.05% $2M
MCD 0.41% 0.46% -0.05% $7M

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 50 $311M 18.3%
Large Cap 103 $991M 58.2%
Mid Cap 25 $295M 17.3%
Small Cap 7 $105M 6.1%
Micro Cap 1 $391K 0.0%

Portfolio Analytics

Avg Market Cap
$309.4B
Median Market Cap
$87.0B
Avg P/E
31.4
Median P/E
26.0
Avg Dividend Yield
0.02%
Avg Beta
0.93
# Stocks
114
# ETFs / Funds
72

Top Holdings (186 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 VCIT 8.50% 1,744,398 $145M $82.92 -$20M -274,294 -13.6%
2 FIBK 8.34% 4,923,991 $142M $28.82 -$3M -129,351 -2.6%
3 RSP 8.01% 750,597 $136M $181.74 -$6M -69,038 -8.4%
4 IVV 7.36% 201,788 $125M $620.90 $10M -3,906 -1.9%
5 VGIT 5.77% 1,642,627 $98M $59.81 $1M +13,364 +0.8%
6 IJH 5.45% 1,496,608 $93M $62.02 $6M +17,063 +1.1%
7 PFF 5.16% 2,865,167 $88M $30.68 -$5M -143,869 -4.8%
8 IJR 4.27% 664,698 $73M $109.29 $3M -1,818 -0.3%
9 VMBS 3.38% 1,242,741 $58M $46.34 $1M +24,022 +2.0%
10 GUNR 3.35% 1,421,346 $57M $40.11 $27M +643,232 +82.7%
11 HEFA 3.24% 1,453,341 $55M $37.96 -$35M -1,036,391 -41.6%
12 PAVE 3.06% 1,194,607 $52M $43.58 $6M -23,152 -1.9%
13 IBDX 2.95% 1,985,980 $50M $25.29 -$534K -44,830 -2.2%
14 IBDY 2.84% 1,866,918 $48M $25.91 -$433K -42,144 -2.2%
15 XLK 1.96% 131,563 $33M $253.23 $6M -1,221 -0.9%
16 MSFT 1.26% 42,960 $21M $497.41 $5M -232 -0.5%
17 AAPL 0.99% 82,264 $17M $205.17 -$2M -704 -0.8%
18 XLV 0.96% 121,823 $16M $134.79 -$2M -1,457 -1.2%
19 XLC 0.96% 150,019 $16M $108.53 $2M -2,549 -1.7%
20 AMZN 0.91% 70,572 $15M $219.39 $2M +705 +1.0%
21 XLF 0.78% 252,186 $13M $52.37 $272K -7,505 -2.9%
22 XLI 0.73% 84,781 $13M $147.52 $1M -1,426 -1.6%
23 XLE 0.72% 144,122 $12M $84.81 -$1M -98 -0.1%
24 GOOGL 0.65% 62,886 $11M $176.23 $1M -612 -1.0%
25 PANW 0.61% 50,805 $10M $204.64 $2M -478 -0.9%
26 CSCO 0.58% 142,358 $10M $69.38 $1M -278 -0.2%
27 BRK-B 0.56% 19,572 $10M $485.77 -$2M -1,279 -6.1%
28 JPM 0.55% 32,248 $9M $289.91 -$149K -6,473 -16.7%
29 WMT 0.54% 93,887 $9M $97.78 $788K -1,703 -1.8%
30 LOW 0.46% 35,507 $8M $221.87 -$546K -611 -1.7%
31 XLU 0.45% 93,132 $8M $81.66 $126K -1,720 -1.8%
32 XSD 0.44% 29,163 $7M $256.51 $2M -204 -0.7%
33 AXP 0.43% 23,179 $7M $318.98 $1M -363 -1.5%
34 XLRE 0.43% 177,005 $7M $41.42 -$160K -2,015 -1.1%
35 XLP 0.42% 88,901 $7M $80.97 -$235K -2,118 -2.3%
36 MCD 0.41% 24,150 $7M $292.17 -$695K -663 -2.7%
37 COST 0.40% 6,859 $7M $989.94 $189K -120 -1.7%
38 DIS 0.40% 54,641 $7M $124.01 $1M -949 -1.7%
39 XLB 0.36% 70,396 $6M $87.81 -$7K -1,577 -2.2%
40 XLY 0.36% 28,431 $6M $217.33 $429K -687 -2.4%
41 SOXX 0.36% 25,702 $6M $238.70 $1M -402 -1.5%
42 HON 0.35% 25,935 $6M $232.88 $418K -613 -2.3%
43 NVDA 0.34% 36,525 $6M $157.99 $2M -633 -1.7%
44 GSEW 0.32% 66,446 $5M $81.54 +66,446 NEW
45 META 0.31% 7,195 $5M $738.09 $1M -67 -0.9%
46 BX 0.31% 35,222 $5M $149.58 $328K -122 -0.3%
47 IEF 0.31% 55,004 $5M $95.77 +55,004 NEW
48 KRE 0.27% 78,135 $5M $59.39 $147K -902 -1.1%
49 IBB 0.27% 36,354 $5M $126.51 -$181K -1,023 -2.7%
50 MDLZ 0.26% 64,712 $4M $67.44 -$121K -1,393 -2.1%
51 CRM 0.25% 15,692 $4M $272.69 $29K -145 -0.9%
52 UNP 0.24% 18,010 $4M $230.08 -$196K -362 -2.0%
53 C 0.24% 48,071 $4M $85.12 $625K -759 -1.6%
54 SPY 0.23% 6,349 $4M $617.85 $764K +702 +12.4%
55 VOO 0.21% 6,342 $4M $568.03 $344K +1 +0.0%
56 PFE 0.20% 142,337 $3M $24.24 -$298K -5,600 -3.8%
57 UNH 0.20% 11,054 $3M $311.97 -$2M -269 -2.4%
58 ABT 0.20% 24,858 $3M $136.01 $26K -431 -1.7%
59 HD 0.19% 9,012 $3M $366.64 -$2K -8 -0.1%
60 EFA 0.19% 35,806 $3M $89.39 $262K -150 -0.4%
61 EMR 0.19% 23,652 $3M $133.33 $510K -461 -1.9%
62 PEP 0.18% 23,736 $3M $132.04 -$524K -661 -2.7%
63 KKR 0.18% 23,417 $3M $133.03 +23,417 NEW
64 QQQ 0.17% 5,339 $3M $551.64 $503K +130 +2.5%
65 BRK-A 0.17% 4 $3M $728,800.00 -$279K
66 AVGO 0.17% 10,327 $3M $275.65 $1M -58 -0.6%
67 AGG 0.17% 28,573 $3M $99.20 -$25K -331 -1.1%
68 ORCL 0.16% 12,328 $3M $218.63 $959K -88 -0.7%
69 BMY 0.14% 52,277 $2M $46.29 -$846K -1,264 -2.4%
70 MAS 0.14% 36,647 $2M $64.36 -$248K -837 -2.2%
71 PFFD 0.13% 121,662 $2M $18.83 +121,662 NEW
72 EEM 0.12% 43,422 $2M $48.24 $197K
73 ITOT 0.12% 14,908 $2M $135.04 +14,908 NEW
74 BSV 0.10% 21,994 $2M $78.70 $149K +1,784 +8.8%
75 AEM 0.10% 14,279 $2M $118.93 $150K
76 FI 0.09% 8,437 $1M $172.41 -$502K -422 -4.8%
77 JNJ 0.08% 9,258 $1M $152.75 -$197K -460 -4.7%
78 ABBV 0.08% 7,233 $1M $185.62 -$296K -587 -7.5%
79 GOOG 0.08% 7,254 $1M $177.39 $106K -303 -4.0%
80 XOM 0.08% 11,891 $1M $107.80 -$132K
81 SCHO 0.07% 49,392 $1M $24.38 $2K
82 TMO 0.07% 2,898 $1M $405.46 -$264K +7 +0.2%
83 V 0.07% 3,296 $1M $355.05 -$27K -120 -3.5%
84 PG 0.07% 7,211 $1M $159.32 -$100K -118 -1.6%
85 HYG 0.06% 13,614 $1M $80.65 $24K
86 ADP 0.06% 3,458 $1M $308.40 -$24K -111 -3.1%
87 DE 0.06% 1,967 $1M $508.49 $65K -25 -1.3%
88 VWO 0.06% 19,915 $985K $49.46 $119K +774 +4.0%
89 APH 0.06% 9,600 $948K $98.75 $318K
90 CVX 0.05% 6,349 $909K $143.19 -$168K -89 -1.4%
91 IWV 0.05% 2,560 $899K $351.00 $85K
92 T 0.05% 30,230 $875K $28.94 $20K
93 GS 0.05% 1,235 $874K $707.75 $200K +2 +0.2%
94 VCSH 0.05% 10,946 $870K $79.50 $6K
95 MRK 0.05% 10,982 $869K $79.16 -$228K -1,240 -10.2%
96 SYK 0.05% 2,170 $859K $395.63 $22K -78 -3.5%
97 VT 0.05% 6,650 $855K $128.52 $60K -200 -2.9%
98 IBDS 0.05% 35,211 $855K $24.27 $3K
99 IWM 0.05% 3,871 $835K $215.79 $43K -100 -2.5%
100 QCOM 0.05% 5,238 $834K $159.26 $10K -125 -2.3%

New Positions

SymbolValue% Port
GSEW $5M 0.32%
IEF $5M 0.31%
KKR $3M 0.18%
PFFD $2M 0.13%
ITOT $2M 0.12%
COF $526K 0.03%
AXON $253K 0.01%
PWR $246K 0.01%
LRCX $230K 0.01%
AMD $230K 0.01%
EOG $211K 0.01%
NEM $210K 0.01%
GE $210K 0.01%
IJK $208K 0.01%
BA $205K 0.01%

Sold Out Positions

SymbolValue% Port
WM —%
COP —%
WBD —%
IBDZ —%
DFS —%
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