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Asset Manager ← All Institutions

FIRST INTERSTATE BANK

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

Q3 2025 · Filed 2025-10-29
Market Value
$1.8B
+6.4%
Holdings
204
+18
New Purchases
23
Added To
53
Closed
3
Reduced
73
Top 10 Concentration
59.0%
Turnover
12.7%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MPC 0.28% 0.00% +0.28% $5M
GUNR 3.53% 3.35% +0.18% $64M
GOOGL 0.83% 0.65% +0.18% $15M
AAPL 1.16% 0.99% +0.17% $21M
ABT 0.34% 0.20% +0.14% $6M
IJR 4.39% 4.27% +0.12% $80M
PAVE 3.15% 3.06% +0.09% $57M
PSX 0.10% 0.01% +0.09% $2M
BRK-B 0.65% 0.56% +0.09% $12M
XLI 0.83% 0.73% +0.09% $15M
IVV 7.44% 7.36% +0.08% $135M
XSD 0.51% 0.44% +0.07% $9M
VEU 0.08% 0.02% +0.07% $2M
JCI 0.06% 0.00% +0.06% $1M
CAT 0.08% 0.02% +0.06% $1M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VCIT 8.26% 8.50% -0.24% $150M
VGIT 5.56% 5.77% -0.21% $101M
RSP 7.84% 8.01% -0.18% $142M
LOW 0.31% 0.46% -0.15% $6M
PFF 5.01% 5.16% -0.15% $91M
MAS 0.00% 0.14% -0.14% $0
QQQ 0.04% 0.17% -0.14% $657K
PEP 0.07% 0.18% -0.12% $1M
IBDX 2.84% 2.95% -0.11% $52M
HEFA 3.14% 3.24% -0.10% $57M
IBDY 2.74% 2.84% -0.10% $50M
VMBS 3.29% 3.38% -0.09% $60M
FIBK 8.26% 8.34% -0.08% $150M
EFA 0.12% 0.19% -0.07% $2M
AMZN 0.85% 0.91% -0.06% $15M

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 $341M 18.8%
Large Cap 117 $1.0B 57.9%
Mid Cap 25 $314M 17.3%
Small Cap 7 $107M 5.9%
Micro Cap 1 $371K 0.0%

Portfolio Analytics

Avg Market Cap
$292.2B
Median Market Cap
$84.8B
Avg P/E
30.6
Median P/E
25.6
Avg Dividend Yield
0.02%
Avg Beta
0.92
# Stocks
131
# ETFs / Funds
73

Top Holdings (204 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 VCIT 8.26% 1,779,047 $150M $84.11 $5M +34,649 +2.0%
2 FIBK 8.26% 4,694,218 $150M $31.87 $8M -229,773 -4.7%
3 RSP 7.84% 748,450 $142M $189.70 $6M -2,147 -0.3%
4 IVV 7.44% 201,313 $135M $669.30 $9M -475 -0.2%
5 VGIT 5.56% 1,677,927 $101M $60.03 $2M +35,300 +2.1%
6 IJH 5.40% 1,498,721 $98M $65.26 $5M +2,113 +0.1%
7 PFF 5.01% 2,872,073 $91M $31.62 $3M +6,906 +0.2%
8 IJR 4.39% 669,222 $80M $118.83 $7M +4,524 +0.7%
9 GUNR 3.53% 1,459,399 $64M $43.78 $7M +38,053 +2.7%
10 VMBS 3.29% 1,268,396 $60M $46.96 $2M +25,655 +2.1%
11 PAVE 3.15% 1,197,751 $57M $47.63 $5M +3,144 +0.3%
12 HEFA 3.14% 1,434,508 $57M $39.61 $2M -18,833 -1.3%
13 IBDX 2.84% 2,010,433 $52M $25.62 $1M +24,453 +1.2%
14 IBDY 2.74% 1,891,800 $50M $26.23 $1M +24,882 +1.3%
15 XLK 2.01% 129,146 $36M $281.86 $3M -2,417 -1.8%
16 MSFT 1.22% 42,719 $22M $517.95 $758K -241 -0.6%
17 AAPL 1.16% 82,633 $21M $254.63 $4M +369 +0.5%
18 XLC 0.96% 146,929 $17M $118.37 $1M -3,090 -2.1%
19 XLV 0.92% 119,613 $17M $139.17 $226K -2,210 -1.8%
20 AMZN 0.85% 70,244 $15M $219.57 -$59K -328 -0.5%
21 GOOGL 0.83% 61,550 $15M $243.10 $4M -1,336 -2.1%
22 XLI 0.83% 96,900 $15M $154.23 $2M +12,119 +14.3%
23 XLF 0.74% 248,735 $13M $53.87 $192K -3,451 -1.4%
24 XLE 0.70% 142,188 $13M $89.34 $480K -1,934 -1.3%
25 BRK-B 0.65% 23,389 $12M $502.74 $2M +3,817 +19.5%
26 PANW 0.56% 49,974 $10M $203.62 -$221K -831 -1.6%
27 JPM 0.55% 31,660 $10M $315.43 $637K -588 -1.8%
28 CSCO 0.53% 140,786 $10M $68.42 -$244K -1,572 -1.1%
29 WMT 0.53% 92,462 $10M $103.06 $349K -1,425 -1.5%
30 XSD 0.51% 28,784 $9M $319.12 $2M -379 -1.3%
31 XLU 0.44% 91,667 $8M $87.21 $389K -1,465 -1.6%
32 AXP 0.41% 22,590 $8M $332.16 $110K -589 -2.5%
33 XLRE 0.40% 173,980 $7M $42.13 -$2K -3,025 -1.7%
34 MCD 0.40% 23,638 $7M $303.89 $127K -512 -2.1%
35 SOXX 0.38% 25,389 $7M $271.12 $748K -313 -1.2%
36 XLP 0.38% 87,023 $7M $78.37 -$378K -1,878 -2.1%
37 XLY 0.37% 27,833 $7M $239.64 $491K -598 -2.1%
38 COST 0.35% 6,862 $6M $925.63 -$438K +3 +0.0%
39 NVDA 0.35% 33,639 $6M $186.58 $506K -2,886 -7.9%
40 DIS 0.35% 54,717 $6M $114.50 -$511K +76 +0.1%
41 XLB 0.34% 69,483 $6M $89.62 $46K -913 -1.3%
42 ABT 0.34% 45,959 $6M $133.94 $3M +21,101 +84.9%
43 BX 0.33% 34,832 $6M $170.85 $683K -390 -1.1%
44 IEF 0.32% 60,603 $6M $96.46 $578K +5,599 +10.2%
45 LOW 0.31% 22,484 $6M $251.31 -$2M -13,023 -36.7%
46 GSEW 0.30% 64,660 $5M $85.04 $81K -1,786 -2.7%
47 HON 0.30% 25,751 $5M $210.50 -$619K -184 -0.7%
48 META 0.30% 7,297 $5M $734.38 $48K +102 +1.4%
49 IBB 0.28% 35,383 $5M $144.37 $509K -971 -2.7%
50 MPC 0.28% 26,200 $5M $192.74 +26,200 NEW
51 C 0.27% 47,309 $5M $101.50 $710K -762 -1.6%
52 KRE 0.26% 75,529 $5M $63.30 $141K -2,606 -3.3%
53 UNP 0.26% 19,635 $5M $236.37 $497K +1,625 +9.0%
54 SPY 0.24% 6,432 $4M $666.18 $362K +83 +1.3%
55 PFE 0.23% 165,491 $4M $25.48 $766K +23,154 +16.3%
56 MDLZ 0.22% 63,750 $4M $62.47 -$382K -962 -1.5%
57 VOO 0.21% 6,358 $4M $612.38 $291K +16 +0.2%
58 UNH 0.21% 11,013 $4M $345.30 $354K -41 -0.4%
59 HD 0.20% 9,115 $4M $405.19 $389K +103 +1.1%
60 CRM 0.20% 15,301 $4M $237.00 -$653K -391 -2.5%
61 ORCL 0.19% 12,190 $3M $281.24 $733K -138 -1.1%
62 AVGO 0.19% 10,327 $3M $329.91 $560K
63 KKR 0.18% 24,723 $3M $129.95 $98K +1,306 +5.6%
64 EMR 0.17% 23,417 $3M $131.18 -$82K -235 -1.0%
65 BRK-A 0.17% 4 $3M $754,200.00 $102K
66 AGG 0.16% 28,403 $3M $100.25 $13K -170 -0.6%
67 BMY 0.15% 60,798 $3M $45.10 $322K +8,521 +16.3%
68 AEM 0.13% 14,279 $2M $168.56 $709K
69 EEM 0.13% 43,422 $2M $53.40 $224K
70 PFFD 0.13% 119,018 $2M $19.43 $22K -2,644 -2.2%
71 EFA 0.12% 22,561 $2M $93.37 -$1M -13,245 -37.0%
72 ITOT 0.11% 14,208 $2M $145.65 $56K -700 -4.7%
73 XOM 0.11% 17,428 $2M $112.75 $683K +5,537 +46.6%
74 PSX 0.10% 13,938 $2M $136.02 $2M +12,000 +619.2%
75 ABBV 0.10% 7,945 $2M $231.54 $497K +712 +9.8%
76 JNJ 0.10% 9,726 $2M $185.42 $389K +468 +5.1%
77 GOOG 0.10% 7,254 $2M $243.55 $480K
78 BSV 0.10% 22,298 $2M $78.91 $29K +304 +1.4%
79 VEU 0.08% 21,512 $2M $71.37 $1M +16,512 +330.2%
80 MRK 0.08% 17,882 $2M $83.93 $632K +6,900 +62.8%
81 CAT 0.08% 3,060 $1M $477.15 $1M +2,100 +218.8%
82 T 0.08% 51,538 $1M $28.24 $581K +21,308 +70.5%
83 TMO 0.08% 2,855 $1M $485.02 $210K -43 -1.5%
84 VB 0.07% 4,786 $1M $254.28 $591K +2,145 +81.2%
85 PEP 0.07% 8,571 $1M $140.44 -$2M -15,165 -63.9%
86 APH 0.07% 9,600 $1M $123.75 $240K
87 PG 0.07% 7,665 $1M $153.65 $29K +454 +6.3%
88 KO 0.06% 17,646 $1M $66.32 $424K +7,095 +67.2%
89 JCI 0.06% 10,500 $1M $109.95 +10,500 NEW
90 HYG 0.06% 13,614 $1M $81.19 $7K
91 WFC 0.06% 12,862 $1M $83.82 $801K +9,400 +271.5%
92 GE 0.06% 3,565 $1M $300.82 $863K +2,750 +337.4%
93 FI 0.06% 8,304 $1M $128.93 -$384K -133 -1.6%
94 GS 0.06% 1,343 $1M $796.35 $195K +108 +8.7%
95 V 0.06% 3,121 $1M $341.38 -$105K -175 -5.3%
96 ADP 0.06% 3,548 $1M $293.50 -$25K +90 +2.6%
97 VWO 0.06% 19,212 $1M $54.18 $56K -703 -3.5%
98 DE 0.05% 2,164 $990K $457.26 -$11K +197 +10.0%
99 BDX 0.05% 5,237 $980K $187.17 $767K +4,000 +323.4%
100 IWV 0.05% 2,560 $970K $378.94 $72K

New Positions

SymbolValue% Port
MPC $5M 0.28%
JCI $1M 0.06%
BAC $948K 0.05%
FHN $803K 0.04%
TRP $800K 0.04%
MPLX $799K 0.04%
COP $785K 0.04%
GEV $517K 0.03%
DINO $471K 0.03%
EPD $469K 0.03%
TTE $418K 0.02%
BP $362K 0.02%
VZ $321K 0.02%
PAAS $248K 0.01%
STX $236K 0.01%

Sold Out Positions

SymbolValue% Port
EOG —%
MAS —%
EMB —%
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