— Know what they know.
Not Investment Advice
Asset Manager ← All Institutions

FIRST INTERSTATE BANK

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

Q4 2025 · Filed 2026-01-29
Market Value
$1.9B
+2.9%
Holdings
210
+6
New Purchases
9
Added To
32
Closed
11
Reduced
101
Top 10 Concentration
59.5%
Turnover
9.5%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VTIP 3.65% 0.00% +3.65% $68M
FIBK 8.66% 8.26% +0.40% $161M
CGHM 0.22% 0.00% +0.22% $4M
GOOGL 0.99% 0.83% +0.17% $19M
GUNR 3.66% 3.53% +0.13% $68M
IHI 0.11% 0.00% +0.11% $2M
VMBS 3.37% 3.29% +0.08% $63M
PFFD 0.18% 0.13% +0.05% $3M
XLV 0.97% 0.92% +0.05% $18M
CSCO 0.56% 0.53% +0.03% $11M
IBB 0.31% 0.28% +0.03% $6M
HEFA 3.16% 3.14% +0.03% $59M
EFA 0.14% 0.12% +0.03% $3M
C 0.29% 0.27% +0.02% $5M
SOXX 0.40% 0.38% +0.02% $7M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IBDX 0.11% 2.84% -2.74% $2M
PFF 4.83% 5.01% -0.19% $90M
MPC 0.09% 0.28% -0.18% $2M
MSFT 1.08% 1.22% -0.14% $20M
BMY 0.02% 0.15% -0.13% $455K
VCIT 8.17% 8.26% -0.09% $152M
PANW 0.48% 0.56% -0.09% $9M
IBDY 2.67% 2.74% -0.07% $50M
RSP 7.78% 7.84% -0.06% $145M
ORCL 0.13% 0.19% -0.06% $2M
XLC 0.91% 0.96% -0.05% $17M
PFE 0.18% 0.23% -0.05% $3M
FI 0.01% 0.06% -0.05% $221K
XSD 0.46% 0.51% -0.04% $9M
COST 0.31% 0.35% -0.04% $6M

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 55 $347M 18.6%
Large Cap 119 $1.1B 60.1%
Mid Cap 28 $338M 18.2%
Small Cap 7 $58M 3.1%
Micro Cap 1 $316K 0.0%

Portfolio Analytics

Avg Market Cap
$289.5B
Median Market Cap
$84.0B
Avg P/E
31.5
Median P/E
25.6
Avg Dividend Yield
0.02%
Avg Beta
0.92
# Stocks
133
# ETFs / Funds
77

Top Holdings (210 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 FIBK 8.66% 4,665,282 $161M $34.60 $12M -28,936 -0.6%
2 VCIT 8.17% 1,817,545 $152M $83.75 $3M +38,498 +2.2%
3 RSP 7.78% 756,370 $145M $191.56 $3M +7,920 +1.1%
4 IVV 7.45% 202,676 $139M $684.94 $4M +1,363 +0.7%
5 VGIT 5.56% 1,729,964 $104M $59.93 $3M +52,037 +3.1%
6 IJH 5.37% 1,517,564 $100M $66.00 $2M +18,843 +1.3%
7 PFF 4.83% 2,906,297 $90M $30.96 -$836K +34,224 +1.2%
8 IJR 4.35% 674,900 $81M $120.18 $2M +5,678 +0.8%
9 GUNR 3.66% 1,486,823 $68M $45.85 $4M +27,424 +1.9%
10 VTIP 3.65% 1,376,014 $68M $49.46 +1,376,014 NEW
11 VMBS 3.37% 1,334,964 $63M $47.08 $3M +66,568 +5.2%
12 HEFA 3.16% 1,426,001 $59M $41.36 $2M -8,507 -0.6%
13 PAVE 3.11% 1,212,934 $58M $47.79 $917K +15,183 +1.3%
14 IBDY 2.67% 1,902,432 $50M $26.14 $108K +10,632 +0.6%
15 XLK 1.97% 255,073 $37M $143.97 $322K +125,927 +97.5%
16 AAPL 1.14% 77,855 $21M $271.86 $125K -4,778 -5.8%
17 MSFT 1.08% 41,594 $20M $483.62 -$2M -1,125 -2.6%
18 GOOGL 0.99% 59,157 $19M $313.00 $4M -2,393 -3.9%
19 XLV 0.97% 117,006 $18M $154.80 $1M -2,607 -2.2%
20 XLC 0.91% 143,998 $17M $117.72 -$441K -2,931 -2.0%
21 AMZN 0.86% 69,283 $16M $230.82 $568K -961 -1.4%
22 XLI 0.78% 94,215 $15M $155.12 -$330K -2,685 -2.8%
23 XLF 0.73% 247,567 $14M $54.77 $160K -1,168 -0.5%
24 XLE 0.68% 284,470 $13M $44.71 $16K +142,282 +100.1%
25 BRK-B 0.61% 22,767 $11M $502.65 -$315K -622 -2.7%
26 CSCO 0.56% 136,404 $11M $77.03 $875K -4,382 -3.1%
27 JPM 0.54% 31,110 $10M $322.22 $38K -550 -1.7%
28 WMT 0.52% 86,221 $10M $111.41 $77K -6,241 -6.8%
29 PANW 0.48% 48,116 $9M $184.20 -$1M -1,858 -3.7%
30 XSD 0.46% 26,861 $9M $321.60 -$547K -1,923 -6.7%
31 AXP 0.43% 21,678 $8M $369.95 $516K -912 -4.0%
32 XLU 0.41% 179,578 $8M $42.69 -$328K +87,911 +95.9%
33 SOXX 0.40% 24,749 $7M $301.15 $570K -640 -2.5%
34 MCD 0.38% 23,082 $7M $305.63 -$129K -556 -2.4%
35 XLRE 0.37% 171,055 $7M $40.35 -$428K -2,925 -1.7%
36 XLP 0.36% 86,174 $7M $77.68 -$126K -849 -1.0%
37 XLY 0.36% 55,702 $7M $119.41 -$19K +27,869 +100.1%
38 IEF 0.34% 65,845 $6M $96.16 $486K +5,242 +8.7%
39 XLB 0.34% 138,330 $6M $45.35 $46K +68,847 +99.1%
40 DIS 0.33% 53,877 $6M $113.77 -$136K -840 -1.5%
41 NVDA 0.33% 32,854 $6M $186.50 -$149K -785 -2.3%
42 IBB 0.31% 34,617 $6M $168.77 $734K -766 -2.2%
43 COST 0.31% 6,642 $6M $862.34 -$624K -220 -3.2%
44 ABT 0.30% 44,140 $6M $125.29 -$625K -1,819 -4.0%
45 BX 0.29% 35,623 $5M $154.14 -$460K +791 +2.3%
46 C 0.29% 45,807 $5M $116.69 $543K -1,502 -3.2%
47 LOW 0.28% 21,916 $5M $241.16 -$365K -568 -2.5%
48 GSEW 0.28% 61,696 $5M $85.12 -$247K -2,964 -4.6%
49 HON 0.26% 25,227 $5M $195.09 -$499K -524 -2.0%
50 META 0.26% 7,215 $5M $660.09 -$596K -82 -1.1%
51 KRE 0.25% 72,909 $5M $64.81 -$56K -2,620 -3.5%
52 SPY 0.23% 6,389 $4M $681.92 $72K -43 -0.7%
53 UNP 0.23% 18,815 $4M $231.32 -$289K -820 -4.2%
54 CGHM 0.22% 160,990 $4M $25.48 +160,990 NEW
55 CRM 0.22% 15,266 $4M $264.91 $418K -35 -0.2%
56 VOO 0.20% 5,951 $4M $627.13 -$161K -407 -6.4%
57 AVGO 0.19% 10,237 $4M $346.10 $136K -90 -0.9%
58 UNH 0.19% 10,697 $4M $330.11 -$272K -316 -2.9%
59 PFE 0.18% 137,611 $3M $24.90 -$790K -27,880 -16.9%
60 MDLZ 0.18% 62,835 $3M $53.83 -$600K -915 -1.4%
61 PFFD 0.18% 178,592 $3M $18.91 $1M +59,574 +50.0%
62 KKR 0.17% 24,502 $3M $127.48 -$89K -221 -0.9%
63 HD 0.17% 8,990 $3M $344.10 -$600K -125 -1.4%
64 BRK-A 0.16% 4 $3M $754,800.00 $2K
65 EMR 0.16% 22,663 $3M $132.72 -$64K -754 -3.2%
66 AGG 0.15% 28,708 $3M $99.88 $20K +305 +1.1%
67 EFA 0.14% 27,775 $3M $96.03 $561K +5,214 +23.1%
68 AEM 0.13% 14,279 $2M $169.53 $14K
69 ORCL 0.13% 12,178 $2M $194.91 -$1M -12 -0.1%
70 EEM 0.12% 41,567 $2M $54.71 -$45K -1,855 -4.3%
71 GOOG 0.12% 6,892 $2M $313.80 $396K -362 -5.0%
72 XOM 0.11% 17,151 $2M $120.34 $99K -277 -1.6%
73 ITOT 0.11% 13,224 $2M $148.69 -$103K -984 -6.9%
74 IBDX 0.11% 76,938 $2M $25.53 -$50M -1,933,495 -96.2%
75 JNJ 0.11% 9,485 $2M $206.95 $160K -241 -2.5%
76 IHI 0.11% 31,562 $2M $62.15 +31,562 NEW
77 BSV 0.10% 23,186 $2M $78.81 $68K +888 +4.0%
78 MRK 0.10% 17,199 $2M $105.26 $310K -683 -3.8%
79 CAT 0.09% 3,060 $2M $572.87 $293K
80 MPC 0.09% 10,775 $2M $162.63 -$3M -15,425 -58.9%
81 ABBV 0.09% 7,351 $2M $228.49 -$160K -594 -7.5%
82 VEU 0.09% 21,612 $2M $73.56 $54K +100 +0.5%
83 TMO 0.08% 2,677 $2M $579.45 $166K -178 -6.2%
84 PSX 0.08% 11,557 $1M $129.04 -$405K -2,381 -17.1%
85 APH 0.07% 9,600 $1M $135.14 $109K
86 JCI 0.07% 10,500 $1M $119.75 $103K
87 VB 0.07% 4,697 $1M $257.95 -$5K -89 -1.9%
88 PEP 0.06% 8,403 $1M $143.52 $2K -168 -2.0%
89 WFC 0.06% 12,909 $1M $93.20 $125K +47 +0.4%
90 KO 0.06% 16,330 $1M $69.91 -$29K -1,316 -7.5%
91 HYG 0.06% 13,614 $1M $80.63 -$8K
92 GE 0.06% 3,563 $1M $308.03 $25K -2 -0.1%
93 V 0.06% 3,100 $1M $350.71 $22K -21 -0.7%
94 PG 0.06% 7,412 $1M $143.31 -$116K -253 -3.3%
95 DE 0.05% 2,165 $1M $465.57 $18K +1 +0.1%
96 GS 0.05% 1,146 $1M $879.00 -$62K -197 -14.7%
97 BAC 0.05% 18,248 $1M $55.00 $56K -129 -0.7%
98 VWO 0.05% 18,524 $996K $53.76 -$45K -688 -3.6%
99 IWV 0.05% 2,560 $990K $386.85 $20K
100 ADP 0.05% 3,748 $964K $257.23 -$77K +200 +5.6%

New Positions

SymbolValue% Port
VTIP $68M 3.65%
CGHM $4M 0.22%
IHI $2M 0.11%
COHR $277K 0.01%
LLY $247K 0.01%
ROK $214K 0.01%
BKLN $208K 0.01%
OEF $202K 0.01%
TRV $200K 0.01%

Sold Out Positions

SymbolValue% Port
UAA —%
CHD —%
DHI —%
EPD —%
ETN —%
BP —%
VLO —%
TTE —%
AXON —%
SCHO —%
IBDQ —%
View SEC EDGAR Filings for FIRST INTERSTATE BANK →

Sign in to InsiderStreet

You'll also get our free weekly newsletter with
smart money signals, market insights, and alpha ideas.
Unsubscribe anytime.

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