First Interstate Bank Portfolio holdings

First Interstate Bank's Q3 2019 Portfolio in Review

As of Q3 2019, First Interstate Bank held 688 positions worth $432M, down 4.2% from $451M the previous quarter. Its ten largest holdings account for 32% of the portfolio.

First Interstate Bank withdrew a net $22M in Q3 2019, closing 83 positions and reducing 179 holdings. Its most notable exit was State Street SPDR Bloomberg High Yield Bond ETF, an estimated $1.02M position sold in full.

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

Against the trend, First Interstate Bank opened a new position in Uber worth $2.13M.

• First Interstate Bank's largest Q3 2019 buy was Uber: 70,089 shares worth $2.13M.
• First Interstate Bank added most to State Street Industrial Select Sector SPDR ETF in Q3 2019, an estimated $2.46M increase.
• First Interstate Bank's biggest Q3 2019 reduction was SLB Ltd, cutting an estimated $3.11M.
• First Interstate Bank fully exited State Street SPDR Bloomberg High Yield Bond ETF in Q3 2019, selling an estimated $1.02M.
• First Interstate Bank's ten largest holdings make up 32% of its $432M portfolio in Q3 2019.
• First Interstate Bank opened 50 new positions and closed 83 in Q3 2019.
• First Interstate Bank's portfolio value fell 4.2% quarter-over-quarter to $432M.

Based on First Interstate Bank's 13F filing for Q3 2019, filed 30 Oct 2019.