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 |
NXP Semiconductors
NXPI
|
+$4.99M |
| 2 |
Qualcomm
QCOM
|
+$2.36M |
| 3 |
First Interstate BancSystem
FIBK
|
+$1.32M |
| 4 |
Altria Group
MO
|
+$336K |
| 5 |
CRZO
Carrizo Oil & Gas Inc
CRZO
|
+$274K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
JPMorgan Chase
JPM
|
+$4.92M |
| 2 |
Skyworks Solutions
SWKS
|
+$4.49M |
| 3 |
Microsoft
MSFT
|
+$4.48M |
| 4 |
Citigroup
C
|
+$4.44M |
| 5 |
Apple
AAPL
|
+$3.34M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 18.25% |
| 2 | Technology | 15.03% |
| 3 | Healthcare | 12.31% |
| 4 | Miscellaneous | 10.56% |
| 5 | Consumer Staples | 9.77% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
FFG
1
DELISTED
FBL Financial Group
FFG
| $20.2M | 4.16% |
308,000
| – | – |
2015 Q3
6 quarters
|
|
|
2
Apple
AAPL
$5.16T
| $18.8M | 3.88% |
523,712
-101,528
| -16% | -$3.34M |
2013 Q2
15 quarters
|
|
|
3
JPMorgan Chase
JPM
$915B
| $13.7M | 2.83% |
156,217
-55,773
| -26% | -$4.92M |
2013 Q2
15 quarters
|
|
4
ExxonMobil
XOM
$677B
| $13.2M | 2.73% |
161,537
+2,735
| +2% | +$228K |
2013 Q2
15 quarters
|
|
5
Walt Disney
DIS
$206B
| $12.8M | 2.64% |
112,907
-62
| -0.1% | -$6.83K |
2013 Q2
15 quarters
|
|
|
CELG
6
DELISTED
Celgene Corp
CELG
| $12.8M | 2.64% |
102,885
-9,028
| -8% | -$1.08M |
2013 Q2
15 quarters
|
|
7
State Street SPDR S&P 500 ETF Trust
SPY
$806B
| $11.9M | 2.46% |
50,540
-4,636
| -8% | -$1.08M |
2013 Q3
14 quarters
|
|
|
8
Qualcomm
QCOM
$191B
| $11.2M | 2.31% |
195,414
+40,646
| +26% | +$2.36M |
2013 Q2
15 quarters
|
|
|
9
Citigroup
C
$207B
| $10.9M | 2.25% |
181,867
-75,146
| -29% | -$4.44M |
2013 Q2
15 quarters
|
|
10
Cisco
CSCO
$399B
| $10.6M | 2.2% |
315,100
-42,403
| -12% | -$1.38M |
2013 Q2
15 quarters
|
|
11
American Express
AXP
$216B
| $9.6M | 1.98% |
121,143
-8,203
| -6% | -$641K |
2013 Q3
14 quarters
|
|
12
McKesson
MCK
$124B
| $9.1M | 1.88% |
61,374
-7,206
| -11% | -$1.06M |
2013 Q2
15 quarters
|
|
|
13
Microsoft
MSFT
$3.86T
| $9.03M | 1.86% |
137,112
-69,959
| -34% | -$4.48M |
2013 Q2
15 quarters
|
|
14
Wells Fargo
WFC
$258B
| $8.99M | 1.86% |
161,440
-9,104
| -5% | -$517K |
2014 Q4
9 quarters
|
|
15
UnitedHealth
UNH
$360B
| $8.79M | 1.81% |
53,603
-6,327
| -11% | -$1.04M |
2013 Q2
15 quarters
|
|
|
BHI
16
DELISTED
Baker Hughes
BHI
| $8.73M | 1.8% |
145,892
-14,396
| -9% | -$876K |
2013 Q2
15 quarters
|
|
|
17
Skyworks Solutions
SWKS
$20.4B
| $8.58M | 1.77% |
87,604
-49,243
| -36% | -$4.49M |
2013 Q3
14 quarters
|
|
18
PepsiCo
PEP
$195B
| $8.21M | 1.69% |
73,379
-9,619
| -12% | -$1.03M |
2013 Q2
15 quarters
|
|
19
Gilead Sciences
GILD
$211B
| $7.8M | 1.61% |
114,779
-2,679
| -2% | -$188K |
2013 Q2
15 quarters
|
|
20
GE Aerospace
GE
$354B
| $7.75M | 1.6% |
54,251
-3,803
| -7% | -$550K |
2013 Q2
15 quarters
|
|
21
FedEx
FDX
$75.5B
| $6.86M | 1.42% |
35,128
-1,520
| -4% | -$290K |
2015 Q3
6 quarters
|
|
22
Mondelez International
MDLZ
$84.4B
| $6.7M | 1.38% |
155,580
-12,621
| -8% | -$559K |
2013 Q2
15 quarters
|
|
23
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.5B
| $6.69M | 1.38% |
56,769
+1,712
| +3% | +$201K |
2015 Q3
6 quarters
|
|
24
Berkshire Hathaway Class B
BRK.B
$1.25T
| $6.69M | 1.38% |
40,110
-3,157
| -7% | -$528K |
2013 Q2
15 quarters
|
|
25
Target
TGT
$74.1B
| $6.6M | 1.36% |
119,498
-3,287
| -3% | -$205K |
2013 Q2
15 quarters
|
|
Similar funds
First Interstate Bank's Q1 2017 Portfolio in Review
As of Q1 2017, First Interstate Bank held 778 positions worth $484M, down 4.6% from $508M the previous quarter. Its ten largest holdings account for 28% of the portfolio.
First Interstate Bank withdrew a net $35.8M in Q1 2017, closing 93 positions and reducing 214 holdings. Its most notable exit was iShares iBoxx $ High Yield Corporate Bond ETF, an estimated $1.15M position sold in full.
By sector, the portfolio is most concentrated in Financials at 18% of assets, down from 20% a quarter earlier, followed by Technology and Healthcare.
Against the trend, First Interstate Bank opened a new position in NXP Semiconductors worth $5.1M.
- First Interstate Bank's largest Q1 2017 buy was NXP Semiconductors: 49,304 shares worth $5.1M.
- First Interstate Bank added most to Qualcomm in Q1 2017, an estimated $2.36M increase.
- First Interstate Bank's biggest Q1 2017 reduction was JPMorgan Chase, cutting an estimated $4.92M.
- First Interstate Bank fully exited iShares iBoxx $ High Yield Corporate Bond ETF in Q1 2017, selling an estimated $1.15M.
- First Interstate Bank's ten largest holdings make up 28% of its $484M portfolio in Q1 2017.
- First Interstate Bank opened 35 new positions and closed 93 in Q1 2017.
- First Interstate Bank's portfolio value fell 4.6% quarter-over-quarter to $484M.
Based on First Interstate Bank's 13F filing for Q1 2017, filed 11 May 2017.