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First Interstate Bank

First Interstate Bank Portfolio holdings

AUM $1.88B Turnover 5.45%
1-Year Est. Return 11.41%
 

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.

This Fund
S&P 500
This Quarter Est. Return
+3.75%
1 Year Est. Return
+11.41%
3 Year Est. Return
+49.73%
5 Year Est. Return
+39.71%
10 Year Est. Return
–
AUM
$465M
AUM Growth
-$18.2M
Cap. Flow
-$33.7M
Cap. Flow %
-7.25%
Top 10 Hldgs %
29.13%
Holding
746
New
61
Increased
171
Reduced
139
Closed
52
Avg Time Held
1.7 years
Top 10 Avg Time Held
1.5 years
Top 20 Avg Time Held
2.2 years

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
AAPL icon
1
Apple
AAPL
$5.03T
$17.1M 3.67%
443,616
-48,232
-10% -$1.87M
2013 Q2
17 quarters
XOM icon
2
ExxonMobil
XOM
$770B
$17M 3.65%
207,114
-75,036
-27% -$5.96M
2013 Q2
17 quarters
JPM icon
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
C icon
5
Citigroup
C
$203B
$14.2M 3.04%
194,553
+14,068
+8% +$960K
2013 Q2
17 quarters
SPY icon
6
State Street SPDR S&P 500 ETF Trust
SPY
$802B
$12.9M 2.77%
51,255
+715
+1% +$176K
2013 Q3
16 quarters
DIS icon
7
Walt Disney
DIS
$192B
$11.8M 2.53%
119,447
+9,350
+8% +$962K
2013 Q2
17 quarters
MSFT icon
8
Microsoft
MSFT
$3.88T
$10.6M 2.28%
142,580
+8,943
+7% +$653K
2013 Q2
17 quarters
GE icon
9
GE Aerospace
GE
$313B
$10.6M 2.27%
91,139
+38,047
+72% +$4.6M
2013 Q2
17 quarters
CSCO icon
10
Cisco
CSCO
$412B
$10.4M 2.24%
309,971
+4,321
+1% +$138K
2013 Q2
17 quarters
QCOM icon
11
Qualcomm
QCOM
$176B
$10.3M 2.22%
199,122
+9,215
+5% +$487K
2013 Q2
17 quarters
UNH icon
12
UnitedHealth
UNH
$365B
$10M 2.15%
50,976
+2,128
+4% +$411K
2013 Q2
17 quarters
MCK icon
13
McKesson
MCK
$116B
$9.7M 2.1%
63,441
+3,948
+7% +$616K
2013 Q2
17 quarters
GILD icon
14
Gilead Sciences
GILD
$212B
$9.49M 2.04%
117,101
+5,128
+5% +$392K
2013 Q2
17 quarters
WFC icon
15
Wells Fargo
WFC
$250B
$8.7M 1.87%
157,690
+3,440
+2% +$183K
2014 Q4
11 quarters
PEP icon
16
PepsiCo
PEP
$187B
$8.64M 1.86%
77,558
+5,915
+8% +$683K
2013 Q2
17 quarters
AXP icon
17
American Express
AXP
$214B
$8.38M 1.8%
92,649
-24,389
-21% -$2.1M
2013 Q3
16 quarters
SWKS icon
18
Skyworks Solutions
SWKS
$20.6B
$8.12M 1.75%
79,681
+4,740
+6% +$492K
2013 Q3
16 quarters
BRK.B icon
19
Berkshire Hathaway Class B
BRK.B
$1.16T
$8.08M 1.74%
44,100
+4,835
+12% +$854K
2013 Q2
17 quarters
LOW icon
20
Lowe's Companies
LOW
$117B
$7.81M 1.68%
97,748
+8,685
+10% +$665K
2015 Q3
8 quarters
BMY icon
21
Bristol-Myers Squibb
BMY
$128B
$7.56M 1.63%
118,681
+7,030
+6% +$410K
2013 Q2
17 quarters
UNP icon
22
Union Pacific
UNP
$181B
$7.45M 1.6%
64,271
+5,884
+10% +$631K
2013 Q3
16 quarters
CVX icon
23
Chevron
CVX
$462B
$6.88M 1.48%
58,516
+4,565
+8% +$498K
2013 Q2
17 quarters
GOOGL icon
24
Alphabet (Google) Class A
GOOGL
$3.44T
$6.74M 1.45%
138,360
+40,760
+42% +$1.93M
2015 Q4
7 quarters
FDX icon
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.