First Interstate Bank Portfolio holdings

First Interstate Bank's Q2 2022 Portfolio in Review

As of Q2 2022, First Interstate Bank held 182 positions worth $1.32B, up 24% from $1.07B the previous quarter. Its ten largest holdings account for 65% of the portfolio.

First Interstate Bank deployed $377M of net new capital in Q2 2022, opening 64 new positions and adding to 53 existing holdings. Its largest new stake was Vanguard Intermediate-Term Treasury ETF: 600,609 shares worth $36.7M.

By sector, the portfolio is most concentrated in Financials at 25% of assets, up from 3.6% a quarter earlier, followed by Technology and Consumer Discretionary.

On the sell side, the largest reduction was iShares Preferred and Income Securities ETF, an estimated $3.16M trimmed.

• First Interstate Bank's largest Q2 2022 buy was Vanguard Intermediate-Term Treasury ETF: 600,609 shares worth $36.7M.
• First Interstate Bank added most to First Interstate BancSystem in Q2 2022, an estimated $278M increase.
• First Interstate Bank's biggest Q2 2022 reduction was iShares Preferred and Income Securities ETF, cutting an estimated $3.16M.
• First Interstate Bank fully exited Vanguard Small-Cap Growth ETF in Q2 2022, selling an estimated $4.89M.
• First Interstate Bank's ten largest holdings make up 65% of its $1.32B portfolio in Q2 2022.
• First Interstate Bank opened 64 new positions and closed 15 in Q2 2022.
• First Interstate Bank's portfolio value rose 24% quarter-over-quarter to $1.32B.

Based on First Interstate Bank's 13F filing for Q2 2022, filed 12 Aug 2022.