First Interstate Bank Portfolio holdings

First Interstate Bank's Q1 2017 Portfolio in Review

As of Q1 2017, First Interstate Bank held 778 positions worth $484M, down 4.6% from $508M the previous quarter. Its ten largest holdings account for 28% of the portfolio.

First Interstate Bank withdrew a net $35.8M in Q1 2017, closing 93 positions and reducing 213 holdings. Its most notable exit was iShares iBoxx $ High Yield Corporate Bond ETF, an estimated $1.15M 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 Healthcare.

Against the trend, First Interstate Bank opened a new position in NXP Semiconductors worth $5.1M.

• First Interstate Bank's largest Q1 2017 buy was NXP Semiconductors: 49,304 shares worth $5.1M.
• First Interstate Bank added most to Qualcomm in Q1 2017, an estimated $2.36M increase.
• First Interstate Bank's biggest Q1 2017 reduction was JPMorgan Chase, cutting an estimated $4.92M.
• First Interstate Bank fully exited iShares iBoxx $ High Yield Corporate Bond ETF in Q1 2017, selling an estimated $1.15M.
• First Interstate Bank's ten largest holdings make up 28% of its $484M portfolio in Q1 2017.
• First Interstate Bank opened 35 new positions and closed 93 in Q1 2017.
• First Interstate Bank's portfolio value fell 4.6% quarter-over-quarter to $484M.

Based on First Interstate Bank's 13F filing for Q1 2017, filed 11 May 2017.