First Interstate Bank Portfolio holdings
First Interstate Bank is the community bank of First Interstate BancSystem, a financial holding company. Homer Scott Sr. started the bank in 1968 by buying the Bank of Commerce in Sheridan, Wyoming. In 1984 Scott's company agreed to use the name and logo of First Interstate Bancorp, a Los Angeles bank holding company, and when Wells Fargo bought that firm in 1996, the Montana organization kept the First Interstate name. A 2022 merger made Great Western an operating division of First Interstate Bank.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
FFG
FBL Financial Group
FFG
|
+$20.1M |
| 2 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$6.19M |
| 3 |
iShares Core S&P 500 ETF
IVV
|
+$3.86M |
| 4 |
Walt Disney
DIS
|
+$3.04M |
| 5 |
iShares Russell 1000 Value ETF
IWD
|
+$3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NOV
NOV
|
+$2.35M |
| 2 |
Amazon
AMZN
|
+$1.94M |
| 3 |
SFG
STANCORP FINL GRP
SFG
|
+$823K |
| 4 |
Berkshire Hathaway Class A
BRK.A
|
+$819K |
| 5 |
Du Pont De Nemours E I
DD
|
+$145K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 19.59% |
| 2 | Technology | 15.78% |
| 3 | Healthcare | 13.06% |
| 4 | Consumer Staples | 11.9% |
| 5 | Energy | 9.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
FFG
1
DELISTED
FBL Financial Group
FFG
| $21.5M | 4.59% |
+350,000
| New | +$20.1M |
2015 Q3
0 quarters
|
|
2
Apple
AAPL
$5.17T
| $17.6M | 3.75% |
637,684
+92,084
| +17% | +$2.7M |
2013 Q2
9 quarters
|
|
3
ExxonMobil
XOM
$680B
| $14.4M | 3.06% |
193,238
+36,517
| +23% | +$2.81M |
2013 Q2
9 quarters
|
|
4
Citigroup
C
$206B
| $14.1M | 3% |
283,630
+36,760
| +15% | +$2.01M |
2013 Q2
9 quarters
|
|
5
JPMorgan Chase
JPM
$912B
| $14M | 2.99% |
230,039
+23,867
| +12% | +$1.56M |
2013 Q2
9 quarters
|
|
6
UnitedHealth
UNH
$361B
| $12.9M | 2.75% |
110,950
-989
| -0.9% | -$118K |
2013 Q2
9 quarters
|
|
|
7
Walt Disney
DIS
$207B
| $12.2M | 2.6% |
119,280
+27,899
| +31% | +$3.04M |
2013 Q2
9 quarters
|
|
8
Skyworks Solutions
SWKS
$20.6B
| $12M | 2.57% |
142,995
+2,219
| +2% | +$203K |
2013 Q3
8 quarters
|
|
9
GE Aerospace
GE
$356B
| $10.9M | 2.33% |
90,468
+9,564
| +12% | +$1.17M |
2013 Q2
9 quarters
|
|
10
Target
TGT
$73.9B
| $10.4M | 2.22% |
132,504
+9,910
| +8% | +$791K |
2013 Q2
9 quarters
|
|
11
Microsoft
MSFT
$3.87T
| $10.2M | 2.17% |
230,111
+35,369
| +18% | +$1.59M |
2013 Q2
9 quarters
|
|
|
CELG
12
DELISTED
Celgene Corp
CELG
| $10M | 2.13% |
92,322
+6,232
| +7% | +$773K |
2013 Q2
9 quarters
|
|
13
Gilead Sciences
GILD
$211B
| $9.7M | 2.07% |
98,864
+5,974
| +6% | +$663K |
2013 Q2
9 quarters
|
|
|
BHI
14
DELISTED
Baker Hughes
BHI
| $9.5M | 2.03% |
183,050
+2,757
| +2% | +$154K |
2013 Q2
9 quarters
|
|
15
Procter & Gamble
PG
$389B
| $8.61M | 1.84% |
119,659
+10,272
| +9% | +$770K |
2013 Q2
9 quarters
|
|
16
Cisco
CSCO
$397B
| $8.59M | 1.83% |
327,088
+28,473
| +10% | +$769K |
2013 Q2
9 quarters
|
|
17
PepsiCo
PEP
$196B
| $8.27M | 1.76% |
87,720
+3,677
| +4% | +$350K |
2013 Q2
9 quarters
|
|
18
Ford
F
$48.9B
| $7.71M | 1.64% |
568,207
+29,107
| +5% | +$416K |
2013 Q2
9 quarters
|
|
19
DELISTED
EMC CORPORATION
EMC
| $7.45M | 1.59% |
308,520
+6,365
| +2% | +$161K |
2013 Q2
9 quarters
|
|
20
American Express
AXP
$217B
| $7.1M | 1.51% |
95,795
+5,963
| +7% | +$459K |
2013 Q3
8 quarters
|
|
21
Mondelez International
MDLZ
$84.4B
| $7.08M | 1.51% |
169,111
+353
| +0.2% | +$15.2K |
2013 Q2
9 quarters
|
|
22
Union Pacific
UNP
$179B
| $6.75M | 1.44% |
76,332
+9,210
| +14% | +$841K |
2013 Q3
8 quarters
|
|
23
McKesson
MCK
$125B
| $6.7M | 1.43% |
36,215
+1,735
| +5% | +$368K |
2013 Q2
9 quarters
|
|
24
DELISTED
Nordstrom
JWN
| $6.52M | 1.39% |
90,904
-135
| -0.1% | -$10.2K |
2014 Q1
6 quarters
|
|
25
Bristol-Myers Squibb
BMY
$129B
| $6.5M | 1.39% |
109,792
+1,175
| +1% | +$74.5K |
2013 Q2
9 quarters
|
|
Similar funds
First Interstate Bank's Q3 2015 Portfolio in Review
As of Q3 2015, First Interstate Bank held 844 positions worth $469M, down 29% from $656M the previous quarter. Its ten largest holdings account for 30% of the portfolio.
First Interstate Bank withdrew a net $145M in Q3 2015, closing 40 positions and reducing 9 holdings. Its most notable exit was STANCORP FINL GRP, an estimated $823K position sold in full.
By sector, the portfolio is most concentrated in Financials at 20% of assets, up from 8.9% a quarter earlier, followed by Technology and Healthcare.
Against the trend, First Interstate Bank opened a new position in FBL Financial Group worth $21.5M.
- First Interstate Bank's largest Q3 2015 buy was FBL Financial Group: 350,000 shares worth $21.5M.
- First Interstate Bank added most to Walt Disney in Q3 2015, an estimated $3.04M increase.
- First Interstate Bank's biggest Q3 2015 reduction was NOV, cutting an estimated $2.35M.
- First Interstate Bank fully exited STANCORP FINL GRP in Q3 2015, selling an estimated $823K.
- First Interstate Bank's ten largest holdings make up 30% of its $469M portfolio in Q3 2015.
- First Interstate Bank opened 723 new positions and closed 40 in Q3 2015.
- First Interstate Bank's portfolio value fell 29% quarter-over-quarter to $469M.
Based on First Interstate Bank's 13F filing for Q3 2015, filed 10 Nov 2015.