First Interstate Bank Portfolio holdings

First Interstate Bank's Q2 2023 Portfolio in Review

As of Q2 2023, First Interstate Bank held 185 positions worth $1.21B, down 7.5% from $1.31B the previous quarter. Its ten largest holdings account for 67% of the portfolio.

First Interstate Bank withdrew a net $100M in Q2 2023, closing 18 positions and reducing 115 holdings. Its most notable exit was Invesco S&P 500 Equal Weight ETF, an estimated $3.04M position sold in full.

By sector, the portfolio is most concentrated in Financials at 16% of assets, down from 17% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, First Interstate Bank opened a new position in Charles Schwab worth $3.49M.

• First Interstate Bank's largest Q2 2023 buy was Charles Schwab: 61,499 shares worth $3.49M.
• First Interstate Bank added most to iShares Core S&P 500 ETF in Q2 2023, an estimated $22.1M increase.
• First Interstate Bank's biggest Q2 2023 reduction was Invesco QQQ Trust, cutting an estimated $63.2M.
• First Interstate Bank fully exited Invesco S&P 500 Equal Weight ETF in Q2 2023, selling an estimated $3.04M.
• First Interstate Bank's ten largest holdings make up 67% of its $1.21B portfolio in Q2 2023.
• First Interstate Bank opened 7 new positions and closed 18 in Q2 2023.
• First Interstate Bank's portfolio value fell 7.5% quarter-over-quarter to $1.21B.

Based on First Interstate Bank's 13F filing for Q2 2023, filed 1 Aug 2023.