First Interstate Bank Portfolio holdings

First Interstate Bank's Q1 2020 Portfolio in Review

As of Q1 2020, First Interstate Bank held 552 positions worth $400M, down 11% from $448M the previous quarter. Its ten largest holdings account for 44% of the portfolio.

First Interstate Bank deployed $46.6M of net new capital in Q1 2020, opening 4 new positions and adding to 61 existing holdings. Its largest new stake was Vanguard Small-Cap Value ETF: 63,610 shares worth $5.65M.

By sector, the portfolio is most concentrated in Technology at 13% of assets, down from 15% a quarter earlier, followed by Financials and Healthcare.

On the sell side, the largest reduction was American Express, an estimated $3.57M trimmed.

• First Interstate Bank's largest Q1 2020 buy was Vanguard Small-Cap Value ETF: 63,610 shares worth $5.65M.
• First Interstate Bank added most to iShares Core S&P 500 ETF in Q1 2020, an estimated $38.8M increase.
• First Interstate Bank's biggest Q1 2020 reduction was American Express, cutting an estimated $3.57M.
• First Interstate Bank fully exited Microchip Technology in Q1 2020, selling an estimated $3.82M.
• First Interstate Bank's ten largest holdings make up 44% of its $400M portfolio in Q1 2020.
• First Interstate Bank opened 4 new positions and closed 394 in Q1 2020.
• First Interstate Bank's portfolio value fell 11% quarter-over-quarter to $400M.

Based on First Interstate Bank's 13F filing for Q1 2020, filed 11 May 2020.