First Interstate Bank Portfolio holdings

First Interstate Bank's Q4 2019 Portfolio in Review

As of Q4 2019, First Interstate Bank held 640 positions worth $448M, up 3.7% from $432M the previous quarter. Its ten largest holdings account for 34% of the portfolio.

First Interstate Bank withdrew a net $21.8M in Q4 2019, closing 91 positions and reducing 150 holdings. Its most notable exit was Quanta Services, an estimated $1.77M position sold in full.

By sector, the portfolio is most concentrated in Technology at 15% of assets, up from 14% a quarter earlier, followed by Financials and Consumer Discretionary.

Against the trend, First Interstate Bank opened a new position in Blackstone worth $507K.

• First Interstate Bank's largest Q4 2019 buy was Blackstone: 9,060 shares worth $507K.
• First Interstate Bank added most to State Street Health Care Select Sector SPDR ETF in Q4 2019, an estimated $3.59M increase.
• First Interstate Bank's biggest Q4 2019 reduction was Microsoft, cutting an estimated $2.73M.
• First Interstate Bank fully exited Quanta Services in Q4 2019, selling an estimated $1.77M.
• First Interstate Bank's ten largest holdings make up 34% of its $448M portfolio in Q4 2019.
• First Interstate Bank opened 35 new positions and closed 91 in Q4 2019.
• First Interstate Bank's portfolio value rose 3.7% quarter-over-quarter to $448M.

Based on First Interstate Bank's 13F filing for Q4 2019, filed 6 Feb 2020.