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 |
The Mosaic Company
MOS
|
+$5.42M |
| 2 |
GE Aerospace
GE
|
+$4.6M |
| 3 |
Quanta Services
PWR
|
+$2.02M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$1.93M |
| 5 |
Walmart Inc
WMT
|
+$1.63M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FFG
FBL Financial Group
FFG
|
+$18.9M |
| 2 |
BHI
Baker Hughes
BHI
|
+$7.68M |
| 3 |
Du Pont De Nemours E I
DD
|
+$6.15M |
| 4 |
ExxonMobil
XOM
|
+$5.96M |
| 5 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$5.01M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 16.42% |
| 2 | Healthcare | 14.9% |
| 3 | Technology | 14.33% |
| 4 | Industrials | 10.97% |
| 5 | Consumer Staples | 8.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Apple
AAPL
$5.03T
| $17.1M | 3.67% |
443,616
-48,232
| -10% | -$1.87M |
2013 Q2
17 quarters
|
|
|
2
ExxonMobil
XOM
$770B
| $17M | 3.65% |
207,114
-75,036
| -27% | -$5.96M |
2013 Q2
17 quarters
|
|
3
JPMorgan Chase
JPM
$895B
| $15.6M | 3.36% |
163,635
+10,764
| +7% | +$993K |
2013 Q2
17 quarters
|
|
|
CELG
4
DELISTED
Celgene Corp
CELG
| $15.4M | 3.31% |
105,448
+5,202
| +5% | +$709K |
2013 Q2
17 quarters
|
|
5
Citigroup
C
$203B
| $14.2M | 3.04% |
194,553
+14,068
| +8% | +$960K |
2013 Q2
17 quarters
|
|
6
State Street SPDR S&P 500 ETF Trust
SPY
$802B
| $12.9M | 2.77% |
51,255
+715
| +1% | +$176K |
2013 Q3
16 quarters
|
|
7
Walt Disney
DIS
$192B
| $11.8M | 2.53% |
119,447
+9,350
| +8% | +$962K |
2013 Q2
17 quarters
|
|
8
Microsoft
MSFT
$3.88T
| $10.6M | 2.28% |
142,580
+8,943
| +7% | +$653K |
2013 Q2
17 quarters
|
|
|
9
GE Aerospace
GE
$313B
| $10.6M | 2.27% |
91,139
+38,047
| +72% | +$4.6M |
2013 Q2
17 quarters
|
|
10
Cisco
CSCO
$412B
| $10.4M | 2.24% |
309,971
+4,321
| +1% | +$138K |
2013 Q2
17 quarters
|
|
11
Qualcomm
QCOM
$176B
| $10.3M | 2.22% |
199,122
+9,215
| +5% | +$487K |
2013 Q2
17 quarters
|
|
12
UnitedHealth
UNH
$365B
| $10M | 2.15% |
50,976
+2,128
| +4% | +$411K |
2013 Q2
17 quarters
|
|
13
McKesson
MCK
$116B
| $9.7M | 2.1% |
63,441
+3,948
| +7% | +$616K |
2013 Q2
17 quarters
|
|
14
Gilead Sciences
GILD
$212B
| $9.49M | 2.04% |
117,101
+5,128
| +5% | +$392K |
2013 Q2
17 quarters
|
|
15
Wells Fargo
WFC
$250B
| $8.7M | 1.87% |
157,690
+3,440
| +2% | +$183K |
2014 Q4
11 quarters
|
|
16
PepsiCo
PEP
$187B
| $8.64M | 1.86% |
77,558
+5,915
| +8% | +$683K |
2013 Q2
17 quarters
|
|
17
American Express
AXP
$214B
| $8.38M | 1.8% |
92,649
-24,389
| -21% | -$2.1M |
2013 Q3
16 quarters
|
|
18
Skyworks Solutions
SWKS
$20.6B
| $8.12M | 1.75% |
79,681
+4,740
| +6% | +$492K |
2013 Q3
16 quarters
|
|
19
Berkshire Hathaway Class B
BRK.B
$1.16T
| $8.08M | 1.74% |
44,100
+4,835
| +12% | +$854K |
2013 Q2
17 quarters
|
|
20
Lowe's Companies
LOW
$117B
| $7.81M | 1.68% |
97,748
+8,685
| +10% | +$665K |
2015 Q3
8 quarters
|
|
21
Bristol-Myers Squibb
BMY
$128B
| $7.56M | 1.63% |
118,681
+7,030
| +6% | +$410K |
2013 Q2
17 quarters
|
|
22
Union Pacific
UNP
$181B
| $7.45M | 1.6% |
64,271
+5,884
| +10% | +$631K |
2013 Q3
16 quarters
|
|
23
Chevron
CVX
$462B
| $6.88M | 1.48% |
58,516
+4,565
| +8% | +$498K |
2013 Q2
17 quarters
|
|
|
24
Alphabet (Google) Class A
GOOGL
$3.44T
| $6.74M | 1.45% |
138,360
+40,760
| +42% | +$1.93M |
2015 Q4
7 quarters
|
|
25
FedEx
FDX
$73.4B
| $6.66M | 1.43% |
29,506
-4,638
| -14% | -$987K |
2015 Q3
8 quarters
|
|
Similar funds
First Interstate Bank's Q3 2017 Portfolio in Review
As of Q3 2017, First Interstate Bank held 746 positions worth $465M, down 3.8% from $483M the previous quarter. Its ten largest holdings account for 29% of the portfolio.
First Interstate Bank withdrew a net $33.7M in Q3 2017, closing 52 positions and reducing 139 holdings. Its most notable exit was FBL Financial Group, an estimated $18.9M position sold in full.
By sector, the portfolio is most concentrated in Financials at 16% of assets, down from 18% a quarter earlier, followed by Healthcare and Technology.
Against the trend, First Interstate Bank opened a new position in Berkshire Hathaway Class A worth $1.1M.
- First Interstate Bank's largest Q3 2017 buy was Berkshire Hathaway Class A: 4 shares worth $1.1M.
- First Interstate Bank added most to The Mosaic Company in Q3 2017, an estimated $5.42M increase.
- First Interstate Bank's biggest Q3 2017 reduction was ExxonMobil, cutting an estimated $5.96M.
- First Interstate Bank fully exited FBL Financial Group in Q3 2017, selling an estimated $18.9M.
- First Interstate Bank's ten largest holdings make up 29% of its $465M portfolio in Q3 2017.
- First Interstate Bank opened 61 new positions and closed 52 in Q3 2017.
- First Interstate Bank's portfolio value fell 3.8% quarter-over-quarter to $465M.
Based on First Interstate Bank's 13F filing for Q3 2017, filed 8 Nov 2017.