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Asset Manager ← All Institutions

FIRST INTERSTATE BANK

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

Q2 2026 · Filed 2026-07-24
Market Value
$1.9B
+8.1%
Holdings
203
-7
New Purchases
17
Added To
63
Closed
7
Reduced
72
Top 10 Concentration
64.9%
Turnover
11.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IVV 8.34% 7.59% +0.75% $160M
XLK 2.47% 1.95% +0.53% $47M
FIBK 9.28% 8.76% +0.52% $178M
IJH 6.29% 5.90% +0.40% $121M
PANW 0.81% 0.42% +0.39% $16M
XSD 0.82% 0.48% +0.33% $16M
IJR 5.08% 4.76% +0.32% $97M
PSP 0.30% 0.00% +0.30% $6M
CSCO 0.78% 0.57% +0.20% $15M
VCIT 9.26% 9.07% +0.20% $178M
XLI 1.03% 0.84% +0.19% $20M
GOOGL 1.10% 0.95% +0.15% $21M
PAVE 2.32% 2.19% +0.14% $45M
CGHM 0.39% 0.28% +0.11% $8M
REVS 0.18% 0.07% +0.11% $3M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IBDY 0.16% 2.83% -2.67% $3M
GUNR 3.27% 4.09% -0.82% $63M
BX 0.01% 0.22% -0.21% $228K
MDLZ 0.02% 0.19% -0.17% $394K
VTIP 4.11% 4.28% -0.17% $79M
XLE 0.57% 0.71% -0.14% $11M
KKR 0.00% 0.13% -0.13% $0
RSP 8.11% 8.24% -0.12% $155M
VGIT 5.93% 6.04% -0.11% $114M
PFF 4.86% 4.96% -0.10% $93M
XLC 0.83% 0.92% -0.09% $16M
MCD 0.31% 0.39% -0.07% $6M
MSFT 0.81% 0.88% -0.07% $16M
VMBS 3.59% 3.65% -0.07% $69M
WMT 0.32% 0.39% -0.07% $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 $379M 19.8%
Large Cap 114 $1.2B 62.8%
Mid Cap 26 $309M 16.1%
Small Cap 6 $18M 1.0%
Micro Cap 2 $6M 0.3%

Portfolio Analytics

Avg Market Cap
$317.7B
Median Market Cap
$86.3B
Avg P/E
27.3
Median P/E
22.6
Avg Dividend Yield
0.02%
Avg Beta
0.92
# Stocks
121
# ETFs / Funds
82

Top Holdings (203 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 FIBK 9.28% 4,614,432 $178M $38.56 $23M -38,687 -0.8%
2 VCIT 9.26% 2,148,198 $178M $82.65 $17M +204,912 +10.5%
3 IVV 8.34% 213,448 $160M $748.89 $25M +7,277 +3.5%
4 RSP 8.11% 730,736 $155M $212.77 $9M -30,494 -4.0%
5 IJH 6.29% 1,563,909 $121M $77.11 $16M +15,110 +1.0%
6 VGIT 5.93% 1,927,652 $114M $58.98 $7M +127,831 +7.1%
7 IJR 5.08% 657,052 $97M $148.31 $13M -22,649 -3.3%
8 PFF 4.86% 3,052,764 $93M $30.49 $5M +153,677 +5.3%
9 VTIP 4.11% 1,568,915 $79M $50.23 $3M +47,994 +3.2%
10 VMBS 3.59% 1,467,793 $69M $46.81 $4M +88,265 +6.4%
11 GUNR 3.27% 1,272,602 $63M $49.28 -$10M -42,524 -3.2%
12 XLK 2.47% 248,803 $47M $190.52 $13M -11,145 -4.3%
13 PAVE 2.32% 755,645 $45M $58.92 $6M -7,742 -1.0%
14 AAPL 1.15% 76,399 $22M $289.36 $2M -2,742 -3.5%
15 GOOGL 1.10% 59,031 $21M $357.37 $4M +275 +0.5%
16 XLI 1.03% 107,075 $20M $185.23 $5M +14,495 +15.7%
17 XLV 0.93% 112,753 $18M $158.66 $1M -2,217 -1.9%
18 AMZN 0.85% 68,632 $16M $238.34 $2M +325 +0.5%
19 XLC 0.83% 147,712 $16M $107.13 -$429K +1,096 +0.8%
20 XSD 0.82% 25,137 $16M $623.70 $7M -1,157 -4.4%
21 PANW 0.81% 45,696 $16M $341.02 $8M -987 -2.1%
22 MSFT 0.81% 41,559 $16M $373.02 -$28K -395 -0.9%
23 CSCO 0.78% 126,563 $15M $117.46 $5M -4,580 -3.5%
24 XLF 0.69% 246,550 $13M $53.61 $989K -1,139 -0.5%
25 XLE 0.57% 206,153 $11M $53.11 -$2M -412 -0.2%
26 BRK-B 0.57% 21,694 $11M $500.39 $384K -159 -0.7%
27 JPM 0.51% 29,970 $10M $327.33 $1M +446 +1.5%
28 IBB 0.40% 40,526 $8M $190.19 $771K -556 -1.4%
29 XLU 0.40% 169,858 $8M $45.34 -$274K -3,927 -2.3%
30 CGHM 0.39% 290,676 $8M $25.85 $3M +96,299 +49.5%
31 XLRE 0.37% 159,445 $7M $44.03 $305K -5,018 -3.0%
32 AXP 0.37% 20,721 $7M $338.25 $788K +154 +0.8%
33 XLB 0.36% 133,863 $7M $50.83 $50K -1,309 -1.0%
34 XLY 0.35% 57,152 $7M $117.28 $506K +290 +0.5%
35 XLP 0.33% 77,282 $6M $83.07 -$27K -1,356 -1.7%
36 NVDA 0.33% 31,915 $6M $200.09 $946K +724 +2.3%
37 WMT 0.32% 54,897 $6M $113.26 -$711K -852 -1.5%
38 HEFA 0.32% 130,124 $6M $46.93 $261K -7,416 -5.4%
39 PFFD 0.31% 321,320 $6M $18.69 $2M +116,590 +57.0%
40 COST 0.31% 6,399 $6M $935.47 -$364K +26 +0.4%
41 MCD 0.31% 22,086 $6M $270.31 -$876K +57 +0.3%
42 C 0.31% 42,574 $6M $139.96 $989K -1,247 -2.9%
43 PSP 0.30% 104,099 $6M $55.70 — +104,099 — NEW
44 BUG 0.30% 150,305 $6M $38.19 $2M -2,546 -1.7%
45 IEF 0.28% 57,684 $5M $94.57 $332K +4,004 +7.5%
46 KRE 0.28% 70,749 $5M $74.85 $594K -1,417 -2.0%
47 SPY 0.27% 6,989 $5M $746.77 $1M +666 +10.5%
48 GSEW 0.27% 54,987 $5M $94.42 $299K -2,813 -4.9%
49 DIS 0.26% 52,317 $5M $96.25 -$78K -742 -1.4%
50 UNP 0.25% 17,579 $5M $272.00 $537K +85 +0.5%
51 LOW 0.24% 20,872 $5M $220.49 -$360K -127 -0.6%
52 META 0.22% 7,655 $4M $563.29 $174K +422 +5.8%
53 EFA 0.22% 39,997 $4M $103.88 $63K -2,133 -5.1%
54 VOO 0.20% 5,689 $4M $686.81 $422K -143 -2.5%
55 AVGO 0.20% 10,266 $4M $377.75 $716K +50 +0.5%
56 CRM 0.20% 24,417 $4M $156.66 -$707K +138 +0.6%
57 ABT 0.19% 39,850 $4M $90.74 -$787K -3,039 -7.1%
58 EEM 0.18% 50,954 $3M $68.41 $157K -7,664 -13.1%
59 REVS 0.18% 109,803 $3M $31.44 $2M +63,653 +137.9%
60 HD 0.17% 9,331 $3M $352.68 $339K +357 +4.0%
61 AGG 0.16% 31,467 $3M $98.98 $93K +1,032 +3.4%
62 IBDY 0.16% 119,680 $3M $25.75 -$47M -1,820,664 -93.8%
63 PFE 0.16% 127,285 $3M $24.08 -$622K -4,004 -3.0%
64 EMR 0.16% 20,887 $3M $143.15 $178K -572 -2.7%
65 CAT 0.15% 2,716 $3M $1,064.90 $916K -74 -2.6%
66 HYMB 0.14% 106,385 $3M $25.44 $2M +69,615 +189.3%
67 IHI 0.13% 50,622 $3M $49.41 -$214K -268 -0.5%
68 JNJ 0.12% 9,051 $2M $253.97 $175K +362 +4.2%
69 BRK-A 0.12% 3 $2M $748,850.00 $92K — —
70 AEM 0.12% 14,279 $2M $155.13 -$683K — —
71 BKLN 0.11% 106,982 $2M $20.37 $2M +76,417 +250.0%
72 BSV 0.11% 26,743 $2M $77.91 $153K +2,117 +8.6%
73 INTC 0.11% 14,824 $2M $139.63 $1M -2,823 -16.0%
74 XONA.DE 0.11% 15,130 $2M $136.72 -$26K +2,786 +22.6%
75 MRK 0.11% 15,822 $2M $128.50 $130K — —
76 MPC 0.11% 7,949 $2M $255.67 $91K — —
77 GOOG 0.10% 5,539 $2M $353.33 -$10K -1,317 -19.2%
78 ORCL 0.10% 13,132 $2M $146.55 $105K +762 +6.2%
79 PSX 0.09% 10,477 $2M $169.05 -$138K — —
80 APH 0.09% 9,600 $2M $176.32 $480K — —
81 KO 0.09% 20,567 $2M $81.27 $611K +6,628 +47.5%
82 ITOT 0.09% 10,168 $2M $164.27 -$116K -2,373 -18.9%
83 VB 0.09% 5,388 $2M $303.12 $387K +631 +13.3%
84 HYG 0.08% 20,327 $2M $79.97 $542K +6,713 +49.3%
85 VEU 0.08% 18,780 $2M $83.75 $85K -1,032 -5.2%
86 ABBV 0.08% 5,964 $2M $251.64 $269K +299 +5.3%
87 DE 0.08% 2,282 $1M $634.33 $245K +147 +6.9%
88 CVX 0.07% 8,238 $1M $165.76 $91K +2,077 +33.7%
89 TMO 0.07% 2,716 $1M $501.36 $102K +154 +6.0%
90 GS 0.07% 1,321 $1M $1,011.37 $388K +200 +17.8%
91 VWO 0.07% 21,516 $1M $59.69 $176K +1,020 +5.0%
92 GE 0.07% 3,384 $1M $373.73 $304K — —
93 JCI 0.06% 8,490 $1M $146.11 $13K -887 -9.5%
94 ADP 0.06% 4,833 $1M $223.95 $190K +441 +10.0%
95 PG 0.06% 7,379 $1M $146.64 $58K +287 +4.0%
96 WFC 0.06% 13,084 $1M $82.64 $12K -353 -2.6%
97 BAC 0.05% 18,400 $1M $56.98 $162K +215 +1.2%
98 VT 0.05% 6,650 $1M $156.95 $124K — —
99 GEV 0.05% 840 $987K $1,174.86 $254K — —
100 TRP 0.05% 14,700 $974K $66.29 $23K -499 -3.3%

New Positions

SymbolValue% Port
PSP $6M 0.30%
LLY $666K 0.03%
MUB $443K 0.02%
VYM $424K 0.02%
IWR $405K 0.02%
EOG $397K 0.02%
DVN $381K 0.02%
LRCX $349K 0.02%
ROK $278K 0.01%
SPYV $272K 0.01%
SCHF $262K 0.01%
TSM $251K 0.01%
IVW $242K 0.01%
SCHG $235K 0.01%
DELL $217K 0.01%

Sold Out Positions

SymbolValue% Port
KKR — —%
VZ — —%
LMT — —%
BMI — —%
MDT — —%
SEE — —%
CTRA — —%
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