First International Bank & Trust

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 10, 2025), First International Bank & Trust reported 70 stock positions worth $308.7 million. Its top holding was Two RDS Shared TR at 21.7% of the portfolio, followed by Vaneck Morningstar Wide Moat (MOAT, 14.6%) and SS SPDR S&P 500 ETF Trust-US (SPY, 8.6%). Compared with Q3 2024, it opened 1 new position, sold out of 5, added to 14 and reduced 34. The biggest buy was Wisdomtree Japan Hedged Eq (DXJ, shares +10%) and the biggest sale Two RDS Shared TR (shares −4%).

Most Recent 13F
Q3 2025
Location
WATFORD CITY, ND
CIK
0001910370
Portfolio Value
$308.7M (Q4 2024)
SEC Filing
0000930413-25-000045 ↗ filed Jan 10, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $289.7M Q1 2024 Q2 2024: $290.6M Q2 2024 Q3 2024: $312.0M Q3 2024 Q4 2024: $308.7M $308.7M Q4 2024 Q1 2025: $316.2M Q1 2025 Q2 2025: $287.5M Q2 2025 Q3 2025: $287.7M Q3 2025

Holdings 70 stocks · $308.7M
TWO RDS SHARED TR 21.70% 7,321,386 $67.0M Reduce -4.2%
MOAT Vaneck Morningstar Wide Moat 14.60% 486,209 $45.1M Add +4.1%
SPY SS SPDR S&P 500 ETF Trust-US 8.59% 45,270 $26.5M Add +4.4%
SCHA Schwab US Small-Cap ETF 7.44% 888,471 $23.0M Add +3.6%
RLY SS Multi-Asset Real Ret ETF 7.38% 843,441 $22.8M Add +4.4%
DXJ Wisdomtree Japan Hedged Eq 6.13% 171,478 $18.9M Add +9.8%
ANFIELD US EQUITY SECTOR ROT 5.92% 1,057,748 $18.3M Reduce -1.6%
SPMD SS SPDR P S&P 400 Midcap ETF 3.49% 197,005 $10.8M Add +2.1%
LMBS First Trust Low Duration Opp 3.33% 210,988 $10.3M Add +8.0%
BIL SS SPDR BB 1-3M T-Bill ETF 1.91% 64,639 $5.9M Reduce -6.3%
JPST JPMorgan Ultra-Short Income 1.91% 116,977 $5.9M Reduce -6.5%
ICSH iShares Ultra Short Duration 1.90% 116,580 $5.9M Reduce -6.4%
MUNI PIMCO Intermediate Municipal 1.20% 71,381 $3.7M Reduce -2.8%
IFLN Invesco Bloomberg Enhanced F 1.13% 193,209 $3.5M Add +3.1%
MUB iShares National Muni Bond E 0.87% 25,261 $2.7M Reduce -2.0%
SHM SS SPDR N Ice St Muni ETF 0.84% 54,612 $2.6M Reduce -2.5%
MSFT Microsoft Corp. 0.80% 5,852 $2.5M Reduce -15.0%
IGSB iShares 1-5Y Inv Grade Corp. 0.72% 43,266 $2.2M Add +2.4%
BRK.A Berkshire Hathaway Inc. Class A 0.66% 3 $2.0M No change
ACWV iShares MSCI Global Min Vol 0.53% 15,100 $1.6M No change
ALKT Alkami Technology Inc. 0.52% 44,117 $1.6M Reduce -40.5%
AAPL Apple Inc. 0.44% 5,404 $1.4M Reduce -13.1%
WMT Walmart Inc. 0.40% 13,681 $1.2M Add +18.7%
COST Costco Wholesale Corp. 0.39% 1,330 $1.2M Add +59.3%
AMZN Amazon.com Inc. 0.39% 5,511 $1.2M Reduce -5.1%
AXP American Express Co. 0.37% 3,888 $1.2M Add +21.2%
QQQ Invesco QQQ Trust Series 1 0.37% 2,257 $1.2M No change
XLV SS Health Care Select Sector 0.36% 8,025 $1.1M No change
BRK.B Berkshire Hathaway Inc. Class B 0.32% 2,156 $977K Reduce -5.8%
VBK Van Morst SML-Cap Gro-Usd Inc. 0.31% 3,372 $944K No change
MDYG SS SPDR S&P 400 MC GR ETF 0.28% 10,044 $873K No change
DE Deere & Co. 0.28% 2,022 $857K Reduce -11.1%
VUG Vanguard Mrngstar GR ETF-Sui 0.25% 1,916 $786K No change
ADP Automatic Data Processing 0.23% 2,453 $718K Reduce -4.6%
ORCL Oracle Corp. 0.20% 3,667 $611K Reduce -1.8%
IWP iShares Russell Mid-Cap Grow 0.19% 4,745 $601K No change
VOE Vngrd Mrngstr MD-Cap Val ETF 0.19% 3,636 $588K No change
XLK SS Technology Select Sector 0.16% 2,178 $506K No change
XOM Exxon Mobil Corp. 0.15% 4,270 $459K Reduce -19.0%
CVX Chevron Corp. 0.15% 3,162 $458K Add +50.9%
VNQ Vanguard Real Estate ETF 0.14% 4,734 $422K No change
GSLC Goldman Activebeta US LC ETF 0.14% 3,623 $417K No change
FLOT iShares Floating Rate Bond E 0.13% 7,742 $394K No change
JAAA Janus Henderson Aaa Clo ETF 0.13% 7,667 $389K Reduce -2.5%
MCD McDonald's Corp. 0.12% 1,302 $377K Reduce -1.7%
AFL Aflac Inc. 0.12% 3,626 $375K No change
PEP Pepsico Inc. 0.12% 2,441 $371K Reduce -1.9%
LOW Lowe's Cos Inc. 0.12% 1,485 $366K Reduce -5.9%
VTV Vanguard Mrngstr Val ETF-Aui 0.11% 2,057 $348K No change
V Visa Inc. Class A 0.11% 1,055 $333K Reduce -8.4%
AVGO Broadcom Inc. 0.11% 1,407 $326K Reduce -22.7%
JNJ Johnson & Johnson 0.10% 2,100 $304K Reduce -3.3%
PG The Procter & Gamble Co. 0.10% 1,803 $302K Reduce -4.2%
OKE Oneok Inc. 0.10% 2,942 $295K Reduce -34.8%
XLP SS Consumer Staples Sel Sect 0.09% 3,677 $289K No change
CSCO Cisco Systems Inc. 0.09% 4,860 $288K Reduce -2.7%
ABBV Abbvie Inc. 0.09% 1,601 $284K Reduce -11.5%
VZ Verizon Communications Inc. 0.09% 7,046 $282K Add +18.7%
XLC SS Comm Select Sector SPDR 0.09% 2,845 $275K No change
XLF SS Financial Select Sector 0.09% 5,649 $273K No change
SLYV SS SPDR S&P 600 SC Val ETF 0.09% 3,049 $266K No change
CAT Caterpillar Inc. 0.09% 725 $263K Reduce -2.7%
CSR Centerspace 0.08% 3,860 $255K Reduce -43.7%
KO The Coca-Cola Co. 0.08% 4,039 $251K Reduce -3.1%
AMGN Amgen Inc. 0.08% 947 $247K Reduce -1.5%
PFE Pfizer Inc. 0.08% 9,062 $240K New
LMT Lockheed Martin Corp. 0.08% 482 $234K Reduce -1.0%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.07% 817 $220K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.07% 982 $216K Reduce -13.6%
IYW iShares Ustechnology ETF 0.07% 1,320 $211K No change

Portfolio Sells Q3 2024 → Q4 2024
TWO RDS SHARED TR Reduce -4.2% 21.70% −0.88
FEZ State Street SPDR Euro Stoxx Sold out 0.00% −0.44
ALKT Alkami Technology Inc. Reduce -40.5% 0.52% −0.23
MSFT Microsoft Corp. Reduce -15.0% 0.80% −0.15
JPST JPMorgan Ultra-Short Income Reduce -6.5% 1.91% −0.13
ICSH iShares Ultra Short Duration Reduce -6.4% 1.90% −0.12
BIL SS SPDR BB 1-3M T-Bill ETF Reduce -6.3% 1.91% −0.12
GD General Dynamics Corp. Sold out 0.00% −0.11
CSR Centerspace Reduce -43.7% 0.08% −0.07
XLU St Sr Utl SL SE SPDR ETF-Usd Sold out 0.00% −0.07
ABT Abbott Laboratories Sold out 0.00% −0.06
MUNI PIMCO Intermediate Municipal Reduce -2.8% 1.20% −0.05
XOM Exxon Mobil Corp. Reduce -19.0% 0.15% −0.05
F Ford Motor Co. Sold out 0.00% −0.04
OKE Oneok Inc. Reduce -34.8% 0.10% −0.04
DE Deere & Co. Reduce -11.1% 0.28% −0.03
AAPL Apple Inc. Reduce -13.1% 0.44% −0.03
SHM SS SPDR N Ice St Muni ETF Reduce -2.5% 0.84% −0.03
MUB iShares National Muni Bond E Reduce -2.0% 0.87% −0.03
ABBV Abbvie Inc. Reduce -11.5% 0.09% −0.02
BRK.B Berkshire Hathaway Inc. Class B Reduce -5.8% 0.32% −0.02
AMGN Amgen Inc. Reduce -1.5% 0.08% −0.02
LOW Lowe's Cos Inc. Reduce -5.9% 0.12% −0.02
LMT Lockheed Martin Corp. Reduce -1.0% 0.08% −0.02
PEP Pepsico Inc. Reduce -1.9% 0.12% −0.02
KO The Coca-Cola Co. Reduce -3.1% 0.08% −0.01
JNJ Johnson & Johnson Reduce -3.3% 0.10% −0.01
IBM Intl Business Machines Corp. Reduce -13.6% 0.07% −0.01
CAT Caterpillar Inc. Reduce -2.7% 0.09% −0.01
MCD McDonald's Corp. Reduce -1.7% 0.12% −0.01
PG The Procter & Gamble Co. Reduce -4.2% 0.10% −0.01
ORCL Oracle Corp. Reduce -1.8% 0.20% −0.01
JAAA Janus Henderson Aaa Clo ETF Reduce -2.5% 0.13% −0.00
ADP Automatic Data Processing Reduce -4.6% 0.23% +0.00
AVGO Broadcom Inc. Reduce -22.7% 0.11% +0.01
V Visa Inc. Class A Reduce -8.4% 0.11% +0.01
CSCO Cisco Systems Inc. Reduce -2.7% 0.09% +0.01
AMZN Amazon.com Inc. Reduce -5.1% 0.39% +0.04
ANFIELD US EQUITY SECTOR ROT Reduce -1.6% 5.92% +0.07

Portfolio Buys Q3 2024 → Q4 2024
DXJ Wisdomtree Japan Hedged Eq Add +9.8% 6.13% +0.82
SPY SS SPDR S&P 500 ETF Trust-US Add +4.4% 8.59% +0.62
SCHA Schwab US Small-Cap ETF Add +3.6% 7.44% +0.37
LMBS First Trust Low Duration Opp Add +8.0% 3.33% +0.23
COST Costco Wholesale Corp. Add +59.3% 0.39% +0.16
SPMD SS SPDR P S&P 400 Midcap ETF Add +2.1% 3.49% +0.11
WMT Walmart Inc. Add +18.7% 0.40% +0.10
AXP American Express Co. Add +21.2% 0.37% +0.09
MOAT Vaneck Morningstar Wide Moat Add +4.1% 14.60% +0.09
PFE Pfizer Inc. New 0.08% +0.08
CVX Chevron Corp. Add +50.9% 0.15% +0.05
IFLN Invesco Bloomberg Enhanced F Add +3.1% 1.13% +0.02
IGSB iShares 1-5Y Inv Grade Corp. Add +2.4% 0.72% +0.01
VZ Verizon Communications Inc. Add +18.7% 0.09% +0.01
RLY SS Multi-Asset Real Ret ETF Add +4.4% 7.38% −0.06

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q3 2025 56$287.7MTWO RDS SHARED TR, SPHQ, RLY, SPY, DXJ
Q2 2025 63$287.5MTWO RDS SHARED TR, SPHQ, RLY, SPY, DXJ
Q1 2025 70$316.2MTWO RDS SHARED TR, MOAT, RLY, SPY, DXJ
Q4 2024 70$308.7MTWO RDS SHARED TR, MOAT, SPY, SCHA, RLY
Q3 2024 74$312.0MTWO RDS SHARED TR, MOAT, SPY, RLY, SCHA
Q2 2024 71$290.6MTWO RDS SHARED TR, MOAT, SPY, RLY, SCHA
Q1 2024 69$289.7MTWO RDS SHARED TR, MOAT, RLY, SPY, SCHA