First Interstate Bank Portfolio holdings

First Interstate Bank's Q1 2023 Portfolio in Review

As of Q1 2023, First Interstate Bank held 193 positions worth $1.31B, down 3.4% from $1.35B the previous quarter. Its ten largest holdings account for 67% of the portfolio.

First Interstate Bank withdrew a net $56.1M in Q1 2023, closing 15 positions and reducing 103 holdings. Its most notable exit was iShares MSCI ACWI ETF, an estimated $1.17M position sold in full.

By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 20% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, First Interstate Bank opened a new position in iShares iBonds Dec 2027 Term Corporate ETF worth $615K.

• First Interstate Bank's largest Q1 2023 buy was iShares iBonds Dec 2027 Term Corporate ETF: 25,808 shares worth $615K.
• First Interstate Bank added most to iShares Currency Hedged MSCI EAFE ETF in Q1 2023, an estimated $30.1M increase.
• First Interstate Bank's biggest Q1 2023 reduction was Vanguard Short-Term Corporate Bond ETF, cutting an estimated $73.2M.
• First Interstate Bank fully exited iShares MSCI ACWI ETF in Q1 2023, selling an estimated $1.17M.
• First Interstate Bank's ten largest holdings make up 67% of its $1.31B portfolio in Q1 2023.
• First Interstate Bank opened 7 new positions and closed 15 in Q1 2023.
• First Interstate Bank's portfolio value fell 3.4% quarter-over-quarter to $1.31B.

Based on First Interstate Bank's 13F filing for Q1 2023, filed 2 May 2023.