First Interstate Bank Portfolio holdings

First Interstate Bank's Q2 2019 Portfolio in Review

As of Q2 2019, First Interstate Bank held 700 positions worth $451M, up 0.62% from $448M the previous quarter. Its ten largest holdings account for 31% of the portfolio.

First Interstate Bank withdrew a net $15.1M in Q2 2019, closing 62 positions and reducing 213 holdings. Its most notable exit was Duke Energy, an estimated $351K position sold in full.

By sector, the portfolio is most concentrated in Technology at 13% of assets, down from 14% a quarter earlier, followed by Financials and Healthcare.

Against the trend, First Interstate Bank opened a new position in Fox Class B worth $232K.

• First Interstate Bank's largest Q2 2019 buy was Fox Class B: 6,357 shares worth $232K.
• First Interstate Bank added most to State Street Technology Select Sector SPDR ETF in Q2 2019, an estimated $6.88M increase.
• First Interstate Bank's biggest Q2 2019 reduction was Qualcomm, cutting an estimated $5.06M.
• First Interstate Bank fully exited Duke Energy in Q2 2019, selling an estimated $351K.
• First Interstate Bank's ten largest holdings make up 31% of its $451M portfolio in Q2 2019.
• First Interstate Bank opened 29 new positions and closed 62 in Q2 2019.
• First Interstate Bank's portfolio value rose 0.62% quarter-over-quarter to $451M.

Based on First Interstate Bank's 13F filing for Q2 2019, filed 5 Aug 2019.