FI

First Interstate Bank

Diversified strategyMomentum followerLong-term holder

Total reported value

$1.8B

Reporting period: 2026-03-31 · Number of holdings: 296

First Interstate Bank disclosed 296 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $1.8B and a quarterly turnover rate of 11.1%.

Personality snowflake

Concentration
19.07
Portfolio Stability
11.1
Momentum/Contrarian
100
Sector conviction
53.25
Diversification
100
Sizing Uniformity
71.79

Recent moves

  • Trim HEFA

    -90.4%　-$53.1M

  • Trim PAVE

    -37.1%　-$19.2M

  • Add VCIT

    +6.9%　$8.6M

  • Add VTIP

    +10.5%　$7.9M

  • Add IJH

    +2.1%　$4.4M

  • Add VGIT

    +4.0%　$3.5M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

Showing top 187 holdings (of 296 total)

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1VCITVanguard Int-term CorporateETF-Corp Bonds9.04%+0.87%+6.92%
2FIBKFirst Interstate Bancsys-aStock-Other8.74%+0.08%-0.26%
3RSPInvesco S&p 500 Equal WeightETF-Large Cap & Growth8.21%+0.43%+0.64%
4IVVIshares Core S&p 500 ETFETF-Large Cap & Growth7.57%+0.12%+1.72%
5VGITVanguard Intermediate-term TETF-Other6.02%+0.46%+4.04%
6IJHIshares Core S&p Midcap ETFETF-Other5.88%+0.51%+2.06%
7PFFIshares Preferred & Income SETF-Other4.94%+0.11%-0.25%
8IJRIshares Core S&p Small-cap EETF-Small Cap4.75%+0.40%+0.71%
9VTIPVanguard Short-term TipsETF-Other4.27%+0.62%+10.53%
10GUNRFlexshares Global Upstream NETF-Other4.08%+0.42%-11.55%
11VMBSVanguard Mortgage-backed SecETF-Other3.64%+0.27%+3.34%
12IBDYIshares Ibonds Dec 2033 CORPETF-Other2.82%—+1.99%
13PAVEGlobal X US InfrastructureETF-Other2.18%-0.93%-37.06%
14XLKSs Technology Select SectorETF-Tech1.94%-0.03%+1.91%
15AAPLApple INCStock-Tech1.13%-0.01%+1.65%
16GOOGLAlphabet Inc-cl AStock-Comm Services0.95%-0.04%-0.68%
17XLVSs Health Care Select SectorETF-Other0.95%-0.02%-1.74%
18XLCSs Comm Select Sector SpdrETF-Other0.91%—+1.82%
19MSFTMicrosoft CORPStock-Tech0.87%-0.21%+0.87%
20XLISs Industrial Select SectorETF-Other0.84%—-1.74%
21AMZNAmazon.com INCStock-Consumer Disc0.80%-0.06%-1.41%
22XLESs Energy Select SectorETF-Other0.71%—-27.39%
23XLFSs Financial Select SectorETF-Other0.69%-0.04%+0.05%
24BRK-BBerkshire Hathaway Inc-cl BStock-Other0.59%-0.02%-4.01%
25CSCOCisco Systems INCStock-Tech0.57%—-3.86%
26JPMJpmorgan Chase & CoStock-Financials0.49%-0.05%-5.10%
27XSDSs Spdr S&p SemiconductorETF-Other0.48%—-2.11%
28XLUSt Sr Utl Sl Se Spdr Etf-usdETF-Other0.45%—-3.23%
29PANWPalo Alto Networks INCStock-Tech0.42%-0.06%-2.98%
30IBBIshares Biotechnology ETFETF-Tech0.39%+0.08%+18.68%
31WMTWalmart INCStock-Consumer Staples0.39%-0.13%-35.34%
32MCDMcdonald's CORPStock-Consumer Disc0.38%—-4.56%
33XLBSs Materials Select SectorETF-Other0.38%—-2.28%
34XLRESs Real Estate Select SectorETF-Other0.38%—-3.85%
35XLPSs Consumer Staples Sel SectETF-Other0.36%—-8.75%
36COSTCostco Wholesale CORPStock-Consumer Staples0.36%+0.05%-4.05%
37AXPAmerican Express CoStock-Financials0.35%-0.08%-5.13%
38XLYSs Consumer Disc Select SectETF-Other0.35%—+2.08%
39HEFAIsha Curr Hedged Msci EafeETF-Other0.33%-2.83%-90.35%
40HONHoneywell International INCStock-Industrials0.31%+0.05%-2.60%
41NVDANvidia CORPStock-Tech0.31%-0.02%-5.06%
42IEFIshares 7-10 Year Treasury BETF-Gov Bonds0.29%-0.05%-18.48%
43DISWalt Disney Co/theStock-Comm Services0.29%-0.04%-1.52%
44CCitigroup INCStock-Financials0.28%—-4.34%
45LOWLowe's Cos INCStock-Consumer Disc0.28%—-4.18%
46CGHMCap Group Muni High-incomeETF-Other0.28%+0.06%+20.74%
47GSEWGoldman Sachs Eql Wght LargeETF-Commodities0.28%—-6.31%
48KRESs Spdr S&p Regional BankETF-Other0.26%—-1.02%
49CRMSalesforce INCStock-Tech0.25%—+59.04%
50ABTAbbott LaboratoriesStock-Healthcare0.25%-0.05%-2.83%
1–50 of 187

Holding changes this quarter

First Interstate Bank's most significant position changes for 2026-03-31: New buy: Global X Cybersecurity ETF (BUG); New buy: Columbia Resear Enh Val ETF (REVS); Sold out: First Horizon CORP (FHN); New buy: Totalenergies Se; Trim: Isha Curr Hedged Msci Eafe (HEFA) — shares -90.35%.

Position changes disclosed by First Interstate Bank for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1VCITVanguard Int-term Corporate+0.9%+6.92%Add
2VTIPVanguard Short-term Tips+0.6%+10.53%Add
3IJHIshares Core S&p Midcap ETF+0.5%+2.06%Add
4VGITVanguard Intermediate-term T+0.5%+4.04%Add
5RSPInvesco S&p 500 Equal Weight+0.4%+0.64%Add
6GUNRFlexshares Global Upstream N+0.4%-11.55%Trim
7IJRIshares Core S&p Small-cap E+0.4%+0.71%Add
8VMBSVanguard Mortgage-backed Sec+0.3%+3.34%Add
9IVVIshares Core S&p 500 ETF+0.1%+1.72%Add
10PFFIshares Preferred & Income S+0.1%-0.25%Trim
11EFAIshares Msci Eafe ETF+0.1%+51.68%Add
12FIBKFirst Interstate Bancsys-a+0.1%-0.26%Trim
13IBBIshares Biotechnology ETF+0.1%+18.68%Add
14EEMIshares Msci Emerging Market+0.1%+41.02%Add
15BABoeing Co/the+0.1%+549.28%Add
16CGHMCap Group Muni High-income+0.1%+20.74%Add
17HONHoneywell International INC+0.1%-2.60%Trim
18COSTCostco Wholesale CORP+0.1%-4.05%Trim
19IHIIshares U.s. Medical Devices0%+61.24%Add
20XLCSs Comm Select Sector Spdr—+1.82%Add
21AAPLApple INC0%+1.65%Add
22XLVSs Health Care Select Sector0%-1.74%Trim
23BRK-BBerkshire Hathaway Inc-cl B0%-4.01%Trim
24NVDANvidia CORP0%-5.06%Trim
25XLKSs Technology Select Sector0%+1.91%Add
26METAMeta Platforms Inc-class A0%+0.25%Add
27VVisa Inc-class A Shares0%-46.52%Trim
28GOOGLAlphabet Inc-cl A0%-0.68%Trim
29XLFSs Financial Select Sector0%+0.05%Add
30DISWalt Disney Co/the0%-1.52%Trim
31KKRKkr & Co INC0%-1.20%Trim
32BRK-ABerkshire Hathaway Inc-cl A0%-25.00%Trim
33JPMJpmorgan Chase & Co-0.1%-5.10%Trim
34IEFIshares 7-10 Year Treasury B-0.1%-18.48%Trim
35ABTAbbott Laboratories-0.1%-2.83%Trim
36IBDXIshares Ibonds Dec 2032 Tc-0.1%-45.17%Trim
37AMZNAmazon.com INC-0.1%-1.41%Trim
38PANWPalo Alto Networks INC-0.1%-2.98%Trim
39BXBlackstone INC-0.1%-4.38%Trim
40AXPAmerican Express Co-0.1%-5.13%Trim
41WMTWalmart INC-0.1%-35.34%Trim
42UNHUnitedhealth Group INC-0.2%-83.45%Trim
43MSFTMicrosoft CORP-0.2%+0.87%Add
44SOXXIshares Semiconductor ETF-0.4%-94.42%Trim
45PAVEGlobal X US Infrastructure-0.9%-37.06%Trim
46HEFAIsha Curr Hedged Msci Eafe-2.8%-90.35%Trim
47BUGGlobal X Cybersecurity ETF—NEWNew buy
48REVSColumbia Resear Enh Val ETF—NEWNew buy
49FHNFirst Horizon CORP—EXITSold out
50✓ Totalenergies Se—NEWNew buy

FAQ

What is First Interstate Bank and what type of investor is it?
First Interstate Bank is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $1.8B, spread across 296 disclosed positions.
What are First Interstate Bank's largest equity positions?
Based on the latest 13F filing, First Interstate Bank's top holdings by market value are: 1. Vanguard Int-term Corporate (VCIT) — $160.8M (9.0%) 2. First Interstate Bancsys-a (FIBK) — $155.4M (8.7%) 3. Invesco S&p 500 Equal Weight (RSP) — $146.1M (8.2%) 4. Ishares Core S&p 500 ETF (IVV) — $134.7M (7.6%) 5. Vanguard Intermediate-term T (VGIT) — $107.2M (6.0%)
What changes did First Interstate Bank make in its most recent portfolio filing?
In the latest reported quarter, First Interstate Bank made 50 notable position adjustments: 3 new positions were initiated, 20 existing holdings were added to, 26 positions were partially reduced, and 1 were completely exited. The largest of these moves: New buy: Global X Cybersecurity ETF (BUG); New buy: Columbia Resear Enh Val ETF (REVS); Sold out: First Horizon CORP (FHN); New buy: Totalenergies Se; Trim: Isha Curr Hedged Msci Eafe (HEFA) — shares -90.35%
What sectors does First Interstate Bank focus on?
First Interstate Bank is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 31.4% • Financials: 16.6% • Communication Services: 12.9% • Consumer Discretionary: 12.9% • Health Care: 8.1% • Industrials: 7.3%