First Interstate Bank
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 29, 2024), First Interstate Bank reported 187 stock positions worth $1.6 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 11.6% of the portfolio, followed by Vanguard Int-Term Corporate (VCIT, 9.4%) and First Interstate Bancsys-A (FIBK, 9.1%). Compared with Q2 2024, it opened 22 new positions, sold out of 4, added to 65 and reduced 72. The biggest buy was Invesco S&P 500 Equal Weight (RSP, shares +2325%) and the biggest sale Vanguard Intermediate-Term T (VGIT, shares −40%).
- Most Recent 13F
- Q2 2026
- Location
- Billings, MT
- CIK
- 0001125727
- Portfolio Value
- $1.6B (Q3 2024)
- SEC Filing
- 0001125727-24-000021 ↗ filed Oct 29, 2024
Holdings Value
Holdings 187 stocks · $1.6B
| IVV iShares Core S&P 500 ETF | 11.64% | 332,104 | $191.6M | Reduce -0.6% |
| VCIT Vanguard Int-Term Corporate | 9.40% | 1,848,260 | $154.8M | Add +0.7% |
| FIBK First Interstate Bancsys-A | 9.09% | 4,879,281 | $149.7M | Reduce -0.2% |
| IJH iShares Core S&P Midcap ETF | 5.46% | 1,442,063 | $89.9M | Add +2.2% |
| HEFA Isha Curr Hedged MSCI Eafe | 5.40% | 2,508,956 | $88.9M | Add +2.0% |
| VGIT Vanguard Intermediate-Term T | 5.02% | 1,366,684 | $82.6M | Reduce -39.8% |
| IJR iShares Core S&P Small-Cap E | 4.60% | 646,806 | $75.7M | Add +34.6% |
| RSP Invesco S&P 500 Equal Weight | 4.13% | 379,553 | $68.0M | Add +2324.6% |
| IBDX iShares Ibonds Dec 2032 TC | 3.39% | 2,167,641 | $55.7M | Add +1.5% |
| PFF iShares Preferred & Income S | 3.33% | 1,651,210 | $54.9M | Add +0.6% |
| IBDY iShares Ibonds Dec 2033 Corp. | 3.25% | 2,023,694 | $53.4M | Add +1.7% |
| VMBS Vanguard Mortgage-Backed Sec | 2.95% | 1,028,551 | $48.6M | Add +11.8% |
| PAVE Global X US Infrastructure | 2.77% | 1,109,398 | $45.7M | Add +47.6% |
| XLK SS Technology Select Sector | 1.92% | 139,953 | $31.6M | Reduce -3.1% |
| XLV SS Health Care Select Sector | 1.35% | 143,954 | $22.2M | Reduce -2.8% |
| AAPL Apple Inc. | 1.27% | 89,388 | $20.8M | Reduce -0.3% |
| MSFT Microsoft Corp. | 1.22% | 46,569 | $20.0M | Reduce -2.4% |
| AMZN Amazon.com Inc. | 1.15% | 101,470 | $18.9M | Reduce -1.2% |
| XLC SS Comm Select Sector SPDR | 0.97% | 175,926 | $15.9M | Add +33.9% |
| XLE SS Energy Select Sector | 0.83% | 156,228 | $13.7M | Reduce -0.5% |
| GOOGL Alphabet Inc. Class A | 0.68% | 67,973 | $11.3M | Reduce -0.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.66% | 23,514 | $10.8M | Reduce -0.3% |
| LOW Lowe's Cos Inc. | 0.65% | 39,586 | $10.7M | Add +0.5% |
| XLF SS Financial Select Sector | 0.58% | 209,787 | $9.5M | Reduce -8.7% |
| JPM JPMorgan Chase & Co. | 0.54% | 42,508 | $9.0M | Reduce -1.2% |
| XLI SS Industrial Select Sector | 0.54% | 65,899 | $8.9M | Reduce -34.8% |
| XLRE SS Real Estate Select Sector | 0.52% | 189,866 | $8.5M | Reduce -0.3% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.51% | 103,426 | $8.4M | Add +1.8% |
| WMT Walmart Inc. | 0.51% | 103,049 | $8.3M | Reduce -2.6% |
| CSCO Cisco Systems Inc. | 0.50% | 153,867 | $8.2M | Reduce -0.6% |
| XSD SS SPDR S&P Semiconductor | 0.47% | 32,227 | $7.7M | Reduce -5.8% |
| XLB SS Materials Select Sector | 0.46% | 79,360 | $7.6M | Reduce -1.6% |
| PANW Palo Alto Networks Inc. | 0.46% | 22,237 | $7.6M | Reduce -0.8% |
| XLP SS Consumer Staples Sel Sect | 0.46% | 91,105 | $7.6M | Reduce -0.8% |
| XLY SS Consumer Disc Select Sect | 0.44% | 36,531 | $7.3M | Reduce -0.1% |
| UNH Unitedhealth Group Inc. | 0.44% | 12,304 | $7.2M | Reduce -2.7% |
| AXP American Express Co. | 0.42% | 25,618 | $6.9M | Reduce -2.8% |
| COST Costco Wholesale Corp. | 0.40% | 7,456 | $6.6M | Add +2.0% |
| SOXX iShares Semiconductor ETF | 0.36% | 26,027 | $6.0M | Add +11.8% |
| IBB iShares Biotechnology ETF | 0.35% | 40,091 | $5.8M | Reduce -1.1% |
| BX Blackstone Inc. | 0.35% | 37,414 | $5.7M | Add +1.0% |
| GS Goldman Sachs Group Inc. | 0.34% | 11,231 | $5.6M | Reduce -2.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.34% | 57,612 | $5.5M | Reduce -2.8% |
| MCD McDonald's Corp. | 0.32% | 17,195 | $5.2M | Reduce -2.5% |
| MDLZ Mondelez International Inc. Class A | 0.32% | 70,989 | $5.2M | Reduce -1.1% |
| UNP Union Pacific Corp. | 0.29% | 19,573 | $4.8M | Reduce -2.5% |
| NKE Nike Inc. Class B | 0.29% | 53,984 | $4.8M | Add +0.4% |
| CRM Salesforce Inc. | 0.28% | 16,583 | $4.5M | Reduce -1.7% |
| PEP Pepsico Inc. | 0.27% | 25,983 | $4.4M | Reduce -1.9% |
| SCHW Schwab (charles) Corp. | 0.24% | 62,051 | $4.0M | Add +2.5% |
| VOO Vanguard S&P 500 ETF | 0.22% | 6,910 | $3.6M | Add +71.8% |
| HD Home Depot Inc. | 0.22% | 8,951 | $3.6M | Add +74.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.21% | 6,163 | $3.5M | Reduce -10.7% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.21% | 5 | $3.5M | No change |
| HON Honeywell International Inc. | 0.21% | 16,557 | $3.4M | Reduce -2.4% |
| ICE Intercontinental Exchange Inc. | 0.21% | 21,040 | $3.4M | Reduce -2.0% |
| C Citigroup Inc. | 0.20% | 53,260 | $3.3M | Reduce -1.5% |
| MAS Masco Corp. | 0.20% | 39,448 | $3.3M | Reduce -1.9% |
| QCOM Qualcomm Inc. | 0.20% | 19,357 | $3.3M | Reduce -0.8% |
| EFA iShares MSCI Eafe ETF | 0.19% | 37,784 | $3.2M | Reduce -22.1% |
| CMCSA Comcast Corp. Class A | 0.18% | 72,322 | $3.0M | Add +0.7% |
| ABT Abbott Laboratories | 0.18% | 26,004 | $3.0M | Add +0.9% |
| BMY Bristol-Myers Squibb Co. | 0.18% | 56,730 | $2.9M | Reduce -1.6% |
| EMR Emerson Electric Co. | 0.18% | 26,748 | $2.9M | Reduce -4.1% |
| AGG iShares Core U.S. Aggregate | 0.17% | 27,921 | $2.8M | Reduce -12.2% |
| NVDA Nvidia Corp. | 0.16% | 21,177 | $2.6M | Reduce -11.3% |
| TLT iShares 20+ Year Treasury BD | 0.14% | 24,074 | $2.4M | Reduce -7.9% |
| EEM iShares MSCI Emerging Market | 0.14% | 50,183 | $2.3M | No change |
| SWKS Skyworks Solutions Inc. | 0.13% | 22,396 | $2.2M | Reduce -1.6% |
| ORCL Oracle Corp. | 0.13% | 12,464 | $2.1M | Reduce -0.9% |
| AVGO Broadcom Inc. | 0.11% | 10,420 | $1.8M | New |
| FDX FedEx Corp. | 0.11% | 6,564 | $1.8M | Reduce -3.8% |
| TMO Thermo Fisher Scientific Inc. | 0.11% | 2,901 | $1.8M | Add +27.1% |
| XOM Exxon Mobil Corp. | 0.11% | 14,968 | $1.8M | Reduce -1.1% |
| META Meta Platforms Inc. Class A | 0.10% | 3,021 | $1.7M | Reduce -8.0% |
| FISV Fiserv Inc. | 0.10% | 9,281 | $1.7M | Add +0.0% |
| JNJ Johnson & Johnson | 0.10% | 10,144 | $1.6M | Add +9.6% |
| ABBV Abbvie Inc. | 0.09% | 7,662 | $1.5M | Add +0.5% |
| GOOG Alphabet Inc. Class C | 0.09% | 8,571 | $1.4M | Add +0.8% |
| PG The Procter & Gamble Co. | 0.09% | 8,079 | $1.4M | Add +3.4% |
| BSV Vanguard Short-Term Bond ETF | 0.08% | 17,679 | $1.4M | No change |
| MRK Merck & Co. Inc. | 0.08% | 12,114 | $1.4M | Add +17.0% |
| SCHO Schwab Short-Term US Treas | 0.07% | 24,696 | $1.2M | Reduce -4.4% |
| AEM Agnico Eagle Mines Ltd. | 0.07% | 14,479 | $1.2M | Reduce -2.0% |
| IWV iShares Russell 3000 ETF | 0.07% | 3,449 | $1.1M | No change |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.07% | 13,614 | $1.1M | Reduce -2.9% |
| CVX Chevron Corp. | 0.06% | 7,214 | $1.1M | Add +8.8% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.06% | 13,036 | $1.0M | Reduce -3.3% |
| V Visa Inc. Class A | 0.06% | 3,722 | $1.0M | Add +0.4% |
| IEUR iShares Core MSCI Europe ETF | 0.06% | 16,352 | $996K | Reduce -72.0% |
| ADP Automatic Data Processing | 0.06% | 3,562 | $986K | Add +15.5% |
| HYMB SS SPDR N Ice HY Muni ETF | 0.06% | 37,159 | $976K | No change |
| IWM iShares Russell 2000 ETF | 0.06% | 4,300 | $950K | Add +0.4% |
| VWO Vanguard Ftse Emerging Marke | 0.05% | 18,862 | $903K | Reduce -24.8% |
| DHR Danaher Corp. | 0.05% | 3,242 | $901K | Reduce -1.2% |
| KO The Coca-Cola Co. | 0.05% | 12,345 | $887K | Add +130.5% |
| VT Vanguard Tot World STK ETF | 0.05% | 6,850 | $820K | No change |
| SYK Stryker Corp. | 0.05% | 2,233 | $807K | Reduce -3.8% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 0.05% | 32,442 | $791K | No change |
| MA Mastercard Inc. Class A | 0.05% | 1,580 | $780K | Reduce -5.0% |
Portfolio Sells Q2 2024 → Q3 2024
| VGIT Vanguard Intermediate-Term T | Reduce -39.8% | 5.02% | −3.77 |
| IVV iShares Core S&P 500 ETF | Reduce -0.6% | 11.64% | −0.50 |
| XLI SS Industrial Select Sector | Reduce -34.8% | 0.54% | −0.28 |
| XLK SS Technology Select Sector | Reduce -3.1% | 1.92% | −0.25 |
| MSFT Microsoft Corp. | Reduce -2.4% | 1.22% | −0.20 |
| AMZN Amazon.com Inc. | Reduce -1.2% | 1.15% | −0.17 |
| IEUR iShares Core MSCI Europe ETF | Reduce -72.0% | 0.06% | −0.16 |
| GOOGL Alphabet Inc. Class A | Reduce -0.8% | 0.68% | −0.14 |
| XLE SS Energy Select Sector | Reduce -0.5% | 0.83% | −0.12 |
| XSD SS SPDR S&P Semiconductor | Reduce -5.8% | 0.47% | −0.09 |
| XLV SS Health Care Select Sector | Reduce -2.8% | 1.35% | −0.09 |
| EFA iShares MSCI Eafe ETF | Reduce -22.1% | 0.19% | −0.06 |
| QCOM Qualcomm Inc. | Reduce -0.8% | 0.20% | −0.06 |
| DIS The Walt Disney Co. | Reduce -2.8% | 0.34% | −0.05 |
| XLF SS Financial Select Sector | Reduce -8.7% | 0.58% | −0.05 |
| PANW Palo Alto Networks Inc. | Reduce -0.8% | 0.46% | −0.04 |
| NVDA Nvidia Corp. | Reduce -11.3% | 0.16% | −0.04 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -10.7% | 0.21% | −0.03 |
| JPM JPMorgan Chase & Co. | Reduce -1.2% | 0.54% | −0.03 |
| AGG iShares Core U.S. Aggregate | Reduce -12.2% | 0.17% | −0.03 |
| HON Honeywell International Inc. | Reduce -2.4% | 0.21% | −0.03 |
| FDX FedEx Corp. | Reduce -3.8% | 0.11% | −0.03 |
| SWKS Skyworks Solutions Inc. | Reduce -1.6% | 0.13% | −0.03 |
| EMR Emerson Electric Co. | Reduce -4.1% | 0.18% | −0.03 |
| C Citigroup Inc. | Reduce -1.5% | 0.20% | −0.03 |
| VTIP Vanguard Short-Term Tips | Sold out | 0.00% | −0.02 |
| PEP Pepsico Inc. | Reduce -1.9% | 0.27% | −0.02 |
| EMB iShares JP Morgan Usd Emergi | Reduce -60.0% | 0.01% | −0.02 |
| VWO Vanguard Ftse Emerging Marke | Reduce -24.8% | 0.05% | −0.02 |
| AIG American International Group | Sold out | 0.00% | −0.02 |
| TLT iShares 20+ Year Treasury BD | Reduce -7.9% | 0.14% | −0.02 |
| PSX Phillips 66 | Reduce -39.4% | 0.02% | −0.02 |
| IBB iShares Biotechnology ETF | Reduce -1.1% | 0.35% | −0.01 |
| TSN Tyson Foods Inc. Class A | Sold out | 0.00% | −0.01 |
| MPC Marathon Petroleum Corp. | Sold out | 0.00% | −0.01 |
| CRM Salesforce Inc. | Reduce -1.7% | 0.28% | −0.01 |
| XOM Exxon Mobil Corp. | Reduce -1.1% | 0.11% | −0.01 |
| SCHO Schwab Short-Term US Treas | Reduce -4.4% | 0.07% | −0.01 |
| XLB SS Materials Select Sector | Reduce -1.6% | 0.46% | −0.01 |
| UNP Union Pacific Corp. | Reduce -2.5% | 0.29% | −0.01 |
| SCZ iShares MSCI Eafe Small-Cap | Reduce -29.5% | 0.02% | −0.01 |
| XLP SS Consumer Staples Sel Sect | Reduce -0.8% | 0.46% | −0.01 |
| GS Goldman Sachs Group Inc. | Reduce -2.1% | 0.34% | −0.01 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -3.3% | 0.06% | −0.01 |
| T AT&T Inc. | Reduce -17.7% | 0.04% | −0.01 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -2.9% | 0.07% | −0.01 |
| META Meta Platforms Inc. Class A | Reduce -8.0% | 0.10% | −0.00 |
| SYK Stryker Corp. | Reduce -3.8% | 0.05% | −0.00 |
| CAT Caterpillar Inc. | Reduce -16.5% | 0.02% | −0.00 |
| GD General Dynamics Corp. | Reduce -0.4% | 0.04% | −0.00 |
Portfolio Buys Q2 2024 → Q3 2024
| RSP Invesco S&P 500 Equal Weight | Add +2324.6% | 4.13% | +3.96 |
| IJR iShares Core S&P Small-Cap E | Add +34.6% | 4.60% | +1.19 |
| PAVE Global X US Infrastructure | Add +47.6% | 2.77% | +0.93 |
| XLC SS Comm Select Sector SPDR | Add +33.9% | 0.97% | +0.22 |
| VMBS Vanguard Mortgage-Backed Sec | Add +11.8% | 2.95% | +0.18 |
| AVGO Broadcom Inc. | New | 0.11% | +0.11 |
| HD Home Depot Inc. | Add +74.2% | 0.22% | +0.10 |
| VOO Vanguard S&P 500 ETF | Add +71.8% | 0.22% | +0.09 |
| LOW Lowe's Cos Inc. | Add +0.5% | 0.65% | +0.07 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +1.8% | 0.51% | +0.05 |
| VTEB Vanguard Tax-Exempt Bond ETF | New | 0.04% | +0.04 |
| BX Blackstone Inc. | Add +1.0% | 0.35% | +0.04 |
| APH Amphenol Corp. Class A | New | 0.04% | +0.04 |
| KO The Coca-Cola Co. | Add +130.5% | 0.05% | +0.03 |
| TMO Thermo Fisher Scientific Inc. | Add +27.1% | 0.11% | +0.03 |
| CMI Cummins Inc. | New | 0.02% | +0.02 |
| IEFA iShares Core MSCI Eafe ETF | New | 0.02% | +0.02 |
| DCI Donaldson Co. Inc. | New | 0.02% | +0.02 |
| NKE Nike Inc. Class B | Add +0.4% | 0.29% | +0.02 |
| MDT Medtronic PLC | New | 0.02% | +0.02 |
| PAYX Paychex Inc. | New | 0.02% | +0.02 |
| AMGN Amgen Inc. | Add +63.6% | 0.04% | +0.02 |
| WEC WEC Energy Group Inc. | New | 0.01% | +0.01 |
| IBM Intl Business Machines Corp. | Add +46.9% | 0.04% | +0.01 |
| WFC Wells Fargo & Co. | New | 0.01% | +0.01 |
| LMT Lockheed Martin Corp. | New | 0.01% | +0.01 |
| DHI D.R. Horton Inc. | New | 0.01% | +0.01 |
| PWR Quanta Services Inc. | New | 0.01% | +0.01 |
| VTV Vanguard Mrngstr Val ETF-Aui | New | 0.01% | +0.01 |
| O Realty Income Corp. | New | 0.01% | +0.01 |
| KMI Kinder Morgan Inc. | New | 0.01% | +0.01 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +41.7% | 0.04% | +0.01 |
| CME Cme Group Inc. | New | 0.01% | +0.01 |
| WMB Williams Cos Inc. | New | 0.01% | +0.01 |
| IBDU iShares Ibonds Dec 2029 Term | New | 0.01% | +0.01 |
| IBDT iShares Ibonds Dec 2028 ETF | New | 0.01% | +0.01 |
| EPI Wisdomtree India Earnings | New | 0.01% | +0.01 |
| ADP Automatic Data Processing | Add +15.5% | 0.06% | +0.01 |
| BMI Badger Meter Inc. | Add +38.8% | 0.03% | +0.01 |
| JNJ Johnson & Johnson | Add +9.6% | 0.10% | +0.01 |
| FISV Fiserv Inc. | Add +0.0% | 0.10% | +0.01 |
| DE Deere & Co. | Add +27.9% | 0.04% | +0.01 |
| ITW Illinois Tool Works | Add +49.2% | 0.02% | +0.01 |
| RTX RTX Corp. | Add +18.9% | 0.03% | +0.01 |
| WBD Warner Bros Discovery Inc. | New | 0.01% | +0.01 |
| SHW The Sherwin-Williams Co. | Add +1.9% | 0.03% | +0.01 |
| ABBV Abbvie Inc. | Add +0.5% | 0.09% | +0.01 |
| CI The Cigna Group | Add +25.4% | 0.03% | +0.00 |
| CL Colgate-Palmolive Co. | Add +26.9% | 0.02% | +0.00 |
| PYPL PayPal Holdings Inc. | Add +0.6% | 0.02% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 196 | $1.9B | FIBK, VCIT, IVV, RSP, IJH |
| Q1 2026 | 187 | $1.8B | VCIT, FIBK, RSP, IVV, VGIT |
| Q4 2025 | 199 | $1.9B | FIBK, VCIT, RSP, IVV, VGIT |
| Q3 2025 | 201 | $1.8B | VCIT, FIBK, RSP, IVV, VGIT |
| Q2 2025 | 181 | $1.7B | VCIT, FIBK, RSP, IVV, VGIT |
| Q1 2025 | 170 | $1.7B | VCIT, FIBK, RSP, IVV, VGIT |
| Q4 2024 | 179 | $1.7B | IVV, VCIT, FIBK, IJH, HEFA |
| Q3 2024 | 187 | $1.6B | IVV, VCIT, FIBK, IJH, HEFA |
| Q2 2024 | 169 | $1.5B | IVV, VCIT, FIBK, VGIT, HEFA |
| Q1 2024 | 170 | $1.4B | IVV, VCIT, VGIT, FIBK, IJH |