First Interstate Bank Portfolio holdings

First Interstate Bank's Q1 2018 Portfolio in Review

As of Q1 2018, First Interstate Bank held 732 positions worth $443M, down 6.1% from $471M the previous quarter. Its ten largest holdings account for 29% of the portfolio.

First Interstate Bank withdrew a net $15.1M in Q1 2018, closing 47 positions and reducing 191 holdings. Its most notable exit was Orbital ATK, Inc., an estimated $162K position sold in full.

By sector, the portfolio is most concentrated in Technology at 16% of assets, up from 15% a quarter earlier, followed by Financials and Healthcare.

Against the trend, First Interstate Bank opened a new position in State Street Consumer Discretionary Select Sector SPDR ETF worth $4.96M.

• First Interstate Bank's largest Q1 2018 buy was State Street Consumer Discretionary Select Sector SPDR ETF: 97,980 shares worth $4.96M.
• First Interstate Bank added most to State Street Industrial Select Sector SPDR ETF in Q1 2018, an estimated $6.09M increase.
• First Interstate Bank's biggest Q1 2018 reduction was Wells Fargo, cutting an estimated $7.62M.
• First Interstate Bank fully exited Orbital ATK, Inc. in Q1 2018, selling an estimated $162K.
• First Interstate Bank's ten largest holdings make up 29% of its $443M portfolio in Q1 2018.
• First Interstate Bank opened 29 new positions and closed 47 in Q1 2018.
• First Interstate Bank's portfolio value fell 6.1% quarter-over-quarter to $443M.

Based on First Interstate Bank's 13F filing for Q1 2018, filed 26 Apr 2018.