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First Interstate Bank — 13F Holdings & Portfolio

CIK 1125727 · latest 13F-HR filed 2026-07-24

Backtest portfolio

First Interstate Bank manages $1.92B in 13F-reported U.S. long-equity assets across 300 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are VCIT (9.14%), RSP (8.08%), IVV (8.08%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 17 new positions and exited 8; 104 existing positions rose in reported value and 34 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$1.92B

Long-equity book

Holdings
300

Distinct positions

Period
2026-06-30

Filed 2026-07-24

Q/Q Activity
+17 / −8 / ↑104 / ↓34

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
FIBK9.3% · -1%VCIT9.3% · +10%IVV8.3% · +4%RSP8.1% · -4%IJH6.3% · +1%VGIT5.9% · +7%IJR5.1% · -3%PFF4.9% · +5%VTIP4.1% · +3%VMBS3.6% · +6%GUNR3.3% · -3%XLK2.5% · -4%PAVE2.3% · -1%AAPL1.2% · -4%GOOGL1.1% · +0%XLI1.0% · +16%XLV0.9% · -2%AMZN0.9% · +0%XLC0.8% · +1%XSD0.8% · -4%PANW0.8% · -2%MSFT0.8% · -1%CSCO0.8% · -4%XLF0.7% · -0%XLE0.6% · -0%BRK.B0.6% · -1%JPM0.5% · +2%IBB0.4% · -1%XLU0.4% · -2%CGHM0.4% · +50%XLRE0.4% · -3%AXP0.4% · +1%XLB0.4% · -1%XLY0.3% · +0%XLP0.3% · -2%NVDA0.3% · +2%WMT0.3% · -2%HEFA0.3% · -5%PFFD0.3% · +57%COST0.3% · +0%MCD0.3% · +0%C0.3% · -3%PSP0.3% · newBUG0.3% · -2%IEF0.3% · +8%KRE0.3% · -2%SPY0.3% · +10%GSEW0.3% · -5%DIS0.3% · -1%UNP0.2% · +0%LOW0.2% · -1%META0.2% · +6%EFA0.2% · -5%VOO0.2% · -2%AVGO0.2% · +0%CRM0.2% · +1%ABT0.2% · -7%EEM0.2% · -13%REVS0.2% · +138%HD0.2% · +4%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

3 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 64.9%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People
Name Title / Status Ownership Type

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

Show all 104 →

Top Trims

Show all 34 →

New Positions

Show all 17 →

Exited Positions

Show all 8 →

First Interstate Bank Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 VANGUARD SCOTTSDALE FDS VCIT 92206C870 $175.1M 9.14% 2,119,138 SH
2 INVESCO EXCHANGE TRADED FD T RSP 46137V357 $154.9M 8.08% 728,004 SH
3 ISHARES TR IVV 464287200 $154.8M 8.08% 206,686 SH
4 FIRST INTST BANCSYSTEM INC FIBK 32055Y201 $143.6M 7.49% 3,724,289 SH
5 ISHARES TR IJH 464287507 $117.0M 6.10% 1,516,897 SH
6 VANGUARD SCOTTSDALE FDS VGIT 92206C706 $111.5M 5.82% 1,890,870 SH
7 ISHARES TR IJR 464287804 $95.4M 4.98% 643,031 SH
8 ISHARES TR PFF 464288687 $92.8M 4.84% 3,044,740 SH
9 VANGUARD MALVERN FDS VTIP 922020805 $78.6M 4.10% 1,564,670 SH
10 VANGUARD SCOTTSDALE FDS VMBS 92206C771 $67.9M 3.54% 1,450,083 SH
11 FLEXSHARES TR GUNR 33939L407 $60.8M 3.17% 1,232,881 SH
12 SELECT SECTOR SPDR TR XLK 81369Y803 $47.3M 2.47% 248,116 SH
13 GLOBAL X FDS PAVE 37954Y673 $42.9M 2.24% 728,375 SH
14 FIRST INTST BANCSYSTEM INC FIBK 32055Y201 $34.3M 1.79% 890,143 SH
15 APPLE INC AAPL 037833100 $19.9M 1.04% 68,903 SH
16 SELECT SECTOR SPDR TR XLI 81369Y704 $19.8M 1.03% 106,746 SH
17 ALPHABET INC GOOGL 02079K305 $18.9M 0.99% 52,924 SH
18 SELECT SECTOR SPDR TR XLV 81369Y209 $17.8M 0.93% 112,418 SH
19 SELECT SECTOR SPDR TR XLC 81369Y852 $15.8M 0.82% 147,278 SH
20 SPDR SERIES TRUST XSD 78464A862 $15.6M 0.82% 25,057 SH
21 AMAZON COM INC AMZN 023135106 $14.8M 0.77% 62,285 SH
22 PALO ALTO NETWORKS INC PANW 697435105 $14.6M 0.76% 42,681 SH
23 MICROSOFT CORP MSFT 594918104 $13.5M 0.70% 36,167 SH
24 SELECT SECTOR SPDR TR XLF 81369Y605 $13.2M 0.69% 245,927 SH
25 CISCO SYS INC CSCO 17275R102 $13.0M 0.68% 110,510 SH
26 SELECT SECTOR SPDR TR XLE 81369Y506 $10.9M 0.57% 205,500 SH
27 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $9.8M 0.51% 19,614 SH
28 JPMORGAN CHASE & CO JPM 46625H100 $9.0M 0.47% 27,367 SH
29 ISHARES TR IBB 464287556 $7.7M 0.40% 40,404 SH
30 SELECT SECTOR SPDR TR XLU 81369Y886 $7.7M 0.40% 169,318 SH
31 CAPITAL GRP FIXED INCM ETF T CGHM 14020Y805 $7.5M 0.39% 290,676 SH
32 SELECT SECTOR SPDR TR XLRE 81369Y860 $7.0M 0.37% 158,946 SH
33 SELECT SECTOR SPDR TR XLB 81369Y100 $6.8M 0.35% 133,465 SH
34 SELECT SECTOR SPDR TR XLY 81369Y407 $6.7M 0.35% 57,043 SH
35 SELECT SECTOR SPDR TR XLP 81369Y308 $6.4M 0.33% 77,087 SH
36 AMERICAN EXPRESS CO AXP 025816109 $6.3M 0.33% 18,529 SH
37 WALMART INC WMT 931142103 $6.2M 0.32% 54,724 SH
38 GLOBAL X FDS PFFD 37954Y657 $6.0M 0.31% 321,320 SH
39 CITIGROUP INC C 172967424 $5.9M 0.31% 42,444 SH
40 INVESCO EXCHANGE TRADED FD T PSP 46137V118 $5.8M 0.30% 103,744 SH
41 GLOBAL X FDS BUG 37954Y384 $5.7M 0.30% 149,691 SH
42 ISHARES TR IEF 464287440 $5.5M 0.28% 57,684 SH
43 COSTCO WHOLESALE CORPORATION COST 22160K105 $5.4M 0.28% 5,727 SH
44 SPDR SERIES TRUST KRE 78464A698 $5.3M 0.28% 70,503 SH
45 MCDONALDS CORP MCD 580135101 $5.3M 0.28% 19,513 SH
46 GOLDMAN SACHS ETF TR GSEW 381430438 $5.2M 0.27% 54,987 SH
47 STATE STR SPDR S&P 500 ETF T SPY 78462F103 $5.2M 0.27% 6,914 SH
48 ISHARES TR IVV 464287200 $5.1M 0.26% 6,762 SH
49 DISNEY WALT CO DIS 254687106 $4.5M 0.23% 46,737 SH
50 LOWES COS INC LOW 548661107 $4.5M 0.23% 20,194 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-07-24 $1.92B 300 0001125727-26-000014
2026-03-31 2026-04-29 $1.78B 296 0001125727-26-000012
2025-12-31 2026-01-29 $1.86B 315 0001125727-26-000009
Filer Information
Address
401 NORTH 31ST STREET
BILLINGS, MT 59101
Phone
(406) 255-5230
Filing Manager
First Interstate Bank
Billings, MT
Signatory
Chad L Hooker
Senior Vice President