First Interstate Bank
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 4, 2025), First Interstate Bank reported 179 stock positions worth $1.7 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 11.5% of the portfolio, followed by Vanguard Int-Term Corporate (VCIT, 9.1%) and First Interstate Bancsys-A (FIBK, 8.7%). Compared with Q3 2024, it opened 6 new positions, sold out of 14, added to 66 and reduced 83. The biggest buy was a new position in NT Mstar GLBL NR ETF (GUNR) and the biggest sale Vanguard Intermediate-Term T (VGIT, shares −5%).
- Most Recent 13F
- Q2 2026
- Location
- Billings, MT
- CIK
- 0001125727
- Portfolio Value
- $1.7B (Q4 2024)
- SEC Filing
- 0001125727-25-000003 ↗ filed Feb 4, 2025
Holdings Value
Holdings 179 stocks · $1.7B
| IVV iShares Core S&P 500 ETF | 11.46% | 321,612 | $189.3M | Reduce -3.2% |
| VCIT Vanguard Int-Term Corporate | 9.13% | 1,879,398 | $150.9M | Add +1.7% |
| FIBK First Interstate Bancsys-A | 8.71% | 4,429,074 | $143.8M | Reduce -9.2% |
| IJH iShares Core S&P Midcap ETF | 5.54% | 1,468,976 | $91.5M | Add +1.9% |
| HEFA Isha Curr Hedged MSCI Eafe | 5.29% | 2,512,620 | $87.3M | Add +0.1% |
| VGIT Vanguard Intermediate-Term T | 4.57% | 1,301,023 | $75.5M | Reduce -4.8% |
| IJR iShares Core S&P Small-Cap E | 4.56% | 653,686 | $75.3M | Add +1.1% |
| RSP Invesco S&P 500 Equal Weight | 4.17% | 392,824 | $68.8M | Add +3.5% |
| IBDX iShares Ibonds Dec 2032 TC | 3.27% | 2,196,108 | $54.0M | Add +1.3% |
| PFF iShares Preferred & Income S | 3.19% | 1,674,207 | $52.6M | Add +1.4% |
| IBDY iShares Ibonds Dec 2033 Corp. | 3.13% | 2,058,282 | $51.7M | Add +1.7% |
| VMBS Vanguard Mortgage-Backed Sec | 3.04% | 1,108,863 | $50.3M | Add +7.8% |
| PAVE Global X US Infrastructure | 2.86% | 1,168,922 | $47.2M | Add +5.4% |
| XLK SS Technology Select Sector | 1.98% | 140,607 | $32.7M | Add +0.5% |
| GUNR NT Mstar GLBL NR ETF | 1.56% | 706,525 | $25.7M | New |
| AAPL Apple Inc. | 1.32% | 87,205 | $21.8M | Reduce -2.4% |
| XLV SS Health Care Select Sector | 1.15% | 138,101 | $19.0M | Reduce -4.1% |
| MSFT Microsoft Corp. | 1.14% | 44,765 | $18.9M | Reduce -3.9% |
| XLC SS Comm Select Sector SPDR | 1.00% | 170,553 | $16.5M | Reduce -3.0% |
| AMZN Amazon.com Inc. | 0.98% | 73,678 | $16.2M | Reduce -27.4% |
| XLF SS Financial Select Sector | 0.82% | 281,316 | $13.6M | Add +34.1% |
| XLE SS Energy Select Sector | 0.80% | 154,908 | $13.3M | Reduce -0.8% |
| GOOGL Alphabet Inc. Class A | 0.77% | 66,865 | $12.7M | Reduce -1.6% |
| XLI SS Industrial Select Sector | 0.66% | 83,061 | $10.9M | Add +26.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.63% | 22,818 | $10.3M | Reduce -3.0% |
| JPM JPMorgan Chase & Co. | 0.60% | 41,610 | $10.0M | Reduce -2.1% |
| LOW Lowe's Cos Inc. | 0.58% | 38,893 | $9.6M | Reduce -1.8% |
| WMT Walmart Inc. | 0.56% | 102,042 | $9.2M | Reduce -1.0% |
| AGG iShares Core U.S. Aggregate | 0.55% | 94,118 | $9.1M | Add +237.1% |
| CSCO Cisco Systems Inc. | 0.54% | 149,990 | $8.9M | Reduce -2.5% |
| XLY SS Consumer Disc Select Sect | 0.49% | 36,330 | $8.2M | Reduce -0.6% |
| PANW Palo Alto Networks Inc. | 0.48% | 43,745 | $8.0M | Reduce -1.6% |
| XSD SS SPDR S&P Semiconductor | 0.48% | 31,887 | $7.9M | Reduce -1.1% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.46% | 101,169 | $7.7M | Reduce -2.2% |
| XLRE SS Real Estate Select Sector | 0.46% | 184,776 | $7.5M | Reduce -2.7% |
| AXP American Express Co. | 0.45% | 24,962 | $7.4M | Reduce -2.6% |
| MCD McDonald's Corp. | 0.44% | 25,324 | $7.3M | Add +47.3% |
| XLP SS Consumer Staples Sel Sect | 0.43% | 90,537 | $7.1M | Reduce -0.6% |
| COST Costco Wholesale Corp. | 0.40% | 7,288 | $6.7M | Reduce -2.3% |
| XLB SS Materials Select Sector | 0.40% | 77,717 | $6.5M | Reduce -2.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.39% | 57,373 | $6.4M | Reduce -0.4% |
| BX Blackstone Inc. | 0.38% | 36,695 | $6.3M | Reduce -1.9% |
| UNH Unitedhealth Group Inc. | 0.37% | 11,987 | $6.1M | Reduce -2.6% |
| HON Honeywell International Inc. | 0.36% | 26,544 | $6.0M | Add +60.3% |
| SOXX iShares Semiconductor ETF | 0.35% | 26,557 | $5.7M | Add +2.0% |
| CRM Salesforce Inc. | 0.33% | 16,352 | $5.5M | Reduce -1.4% |
| IBB iShares Biotechnology ETF | 0.32% | 39,649 | $5.2M | Reduce -1.1% |
| KRE SS SPDR S&P Regional Bank | 0.31% | 83,658 | $5.0M | New |
| UNP Union Pacific Corp. | 0.27% | 19,318 | $4.4M | Reduce -1.3% |
| MDLZ Mondelez International Inc. Class A | 0.25% | 69,806 | $4.2M | Reduce -1.7% |
| PEP Pepsico Inc. | 0.24% | 26,306 | $4.0M | Add +1.2% |
| PFE Pfizer Inc. | 0.23% | 145,514 | $3.9M | Add +780.4% |
| VOO Vanguard S&P 500 ETF | 0.23% | 6,983 | $3.8M | Add +1.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.23% | 6,356 | $3.7M | Add +3.1% |
| C Citigroup Inc. | 0.22% | 52,388 | $3.7M | Reduce -1.6% |
| HD Home Depot Inc. | 0.21% | 8,992 | $3.5M | Add +0.5% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.21% | 5 | $3.4M | No change |
| EMR Emerson Electric Co. | 0.19% | 25,866 | $3.2M | Reduce -3.3% |
| EFA iShares MSCI Eafe ETF | 0.19% | 42,155 | $3.2M | Add +11.6% |
| BMY Bristol-Myers Squibb Co. | 0.19% | 55,670 | $3.1M | Reduce -1.9% |
| ICE Intercontinental Exchange Inc. | 0.19% | 20,827 | $3.1M | Reduce -1.0% |
| QCOM Qualcomm Inc. | 0.18% | 19,026 | $2.9M | Reduce -1.7% |
| ABT Abbott Laboratories | 0.18% | 25,729 | $2.9M | Reduce -1.1% |
| NVDA Nvidia Corp. | 0.17% | 21,238 | $2.9M | Add +0.3% |
| MAS Masco Corp. | 0.17% | 38,628 | $2.8M | Reduce -2.1% |
| AVGO Broadcom Inc. | 0.14% | 10,320 | $2.4M | Reduce -1.0% |
| EEM iShares MSCI Emerging Market | 0.13% | 50,231 | $2.1M | Add +0.1% |
| ORCL Oracle Corp. | 0.12% | 12,358 | $2.1M | Reduce -0.8% |
| TLT iShares 20+ Year Treasury BD | 0.12% | 23,529 | $2.1M | Reduce -2.3% |
| SWKS Skyworks Solutions Inc. | 0.12% | 22,035 | $2.0M | Reduce -1.6% |
| FISV Fiserv Inc. | 0.11% | 9,162 | $1.9M | Reduce -1.3% |
| FDX FedEx Corp. | 0.11% | 6,458 | $1.8M | Reduce -1.6% |
| META Meta Platforms Inc. Class A | 0.10% | 2,827 | $1.7M | Reduce -6.4% |
| BSV Vanguard Short-Term Bond ETF | 0.10% | 20,685 | $1.6M | Add +17.0% |
| TMO Thermo Fisher Scientific Inc. | 0.09% | 3,000 | $1.6M | Add +3.4% |
| JNJ Johnson & Johnson | 0.09% | 10,576 | $1.5M | Add +4.3% |
| GOOG Alphabet Inc. Class C | 0.09% | 7,996 | $1.5M | Reduce -6.7% |
| XOM Exxon Mobil Corp. | 0.09% | 13,558 | $1.5M | Reduce -9.4% |
| MRK Merck & Co. Inc. | 0.08% | 14,056 | $1.4M | Add +16.0% |
| ABBV Abbvie Inc. | 0.08% | 7,721 | $1.4M | Add +0.8% |
| PG The Procter & Gamble Co. | 0.08% | 7,468 | $1.3M | Reduce -7.6% |
| V Visa Inc. Class A | 0.07% | 3,771 | $1.2M | Add +1.3% |
| SCHO Schwab Short-Term US Treas | 0.07% | 49,392 | $1.2M | No change |
| IWV iShares Russell 3000 ETF | 0.07% | 3,449 | $1.2M | No change |
| HYMB SS SPDR N Ice HY Muni ETF | 0.07% | 44,977 | $1.2M | Add +21.0% |
| AEM Agnico Eagle Mines Ltd. | 0.07% | 14,279 | $1.1M | Reduce -1.4% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.06% | 13,614 | $1.1M | No change |
| CVX Chevron Corp. | 0.06% | 7,307 | $1.1M | Add +1.3% |
| ADP Automatic Data Processing | 0.06% | 3,558 | $1.0M | Reduce -0.1% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 0.05% | 35,780 | $857K | Add +10.3% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.05% | 10,974 | $856K | Reduce -15.8% |
| VWO Vanguard Ftse Emerging Marke | 0.05% | 19,407 | $855K | Add +2.9% |
| GS Goldman Sachs Group Inc. | 0.05% | 1,479 | $847K | Reduce -86.8% |
| IWM iShares Russell 2000 ETF | 0.05% | 3,804 | $841K | Reduce -11.5% |
| NKE Nike Inc. Class B | 0.05% | 11,018 | $834K | Reduce -79.6% |
| MA Mastercard Inc. Class A | 0.05% | 1,551 | $817K | Reduce -1.8% |
| VT Vanguard Tot World STK ETF | 0.05% | 6,850 | $805K | No change |
| SYK Stryker Corp. | 0.05% | 2,234 | $804K | Add +0.0% |
| DE Deere & Co. | 0.05% | 1,877 | $795K | Add +22.7% |
| DHR Danaher Corp. | 0.05% | 3,451 | $792K | Add +6.5% |
Portfolio Sells Q3 2024 → Q4 2024
| VGIT Vanguard Intermediate-Term T | Reduce -4.8% | 4.57% | −0.45 |
| FIBK First Interstate Bancsys-A | Reduce -9.2% | 8.71% | −0.39 |
| GS Goldman Sachs Group Inc. | Reduce -86.8% | 0.05% | −0.29 |
| NKE Nike Inc. Class B | Reduce -79.6% | 0.05% | −0.24 |
| SCHW Schwab (charles) Corp. | Reduce -92.0% | 0.02% | −0.22 |
| XLV SS Health Care Select Sector | Reduce -4.1% | 1.15% | −0.20 |
| IVV iShares Core S&P 500 ETF | Reduce -3.2% | 11.46% | −0.17 |
| AMZN Amazon.com Inc. | Reduce -27.4% | 0.98% | −0.17 |
| CMCSA Comcast Corp. Class A | Reduce -89.8% | 0.02% | −0.17 |
| MSFT Microsoft Corp. | Reduce -3.9% | 1.14% | −0.07 |
| LOW Lowe's Cos Inc. | Reduce -1.8% | 0.58% | −0.07 |
| UNH Unitedhealth Group Inc. | Reduce -2.6% | 0.37% | −0.07 |
| XLB SS Materials Select Sector | Reduce -2.1% | 0.40% | −0.07 |
| MDLZ Mondelez International Inc. Class A | Reduce -1.7% | 0.25% | −0.07 |
| XLRE SS Real Estate Select Sector | Reduce -2.7% | 0.46% | −0.06 |
| IVW iShares S&P 500 Growth ETF | Sold out | 0.00% | −0.05 |
| IBDP iShares Ibonds Dec 2024 Term | Sold out | 0.00% | −0.05 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -2.2% | 0.46% | −0.04 |
| BLK BlackRock Finance Inc. | Sold out | 0.00% | −0.04 |
| IBB iShares Biotechnology ETF | Reduce -1.1% | 0.32% | −0.04 |
| MAS Masco Corp. | Reduce -2.1% | 0.17% | −0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -3.0% | 0.63% | −0.03 |
| XLE SS Energy Select Sector | Reduce -0.8% | 0.80% | −0.03 |
| XLP SS Consumer Staples Sel Sect | Reduce -0.6% | 0.43% | −0.03 |
| UNP Union Pacific Corp. | Reduce -1.3% | 0.27% | −0.03 |
| QCOM Qualcomm Inc. | Reduce -1.7% | 0.18% | −0.02 |
| IEFA iShares Core MSCI Eafe ETF | Sold out | 0.00% | −0.02 |
| IEUR iShares Core MSCI Europe ETF | Reduce -24.5% | 0.04% | −0.02 |
| TLT iShares 20+ Year Treasury BD | Reduce -2.3% | 0.12% | −0.02 |
| XOM Exxon Mobil Corp. | Reduce -9.4% | 0.09% | −0.02 |
| CVS CVS Health Corp. | Sold out | 0.00% | −0.02 |
| ICE Intercontinental Exchange Inc. | Reduce -1.0% | 0.19% | −0.02 |
| SWKS Skyworks Solutions Inc. | Reduce -1.6% | 0.12% | −0.02 |
| WM Waste Management Inc. | Sold out | 0.00% | −0.02 |
| LRCX Lam Research Corp. | Sold out | 0.00% | −0.01 |
| LMT Lockheed Martin Corp. | Sold out | 0.00% | −0.01 |
| QDF NT Qual Div ETF | Sold out | 0.00% | −0.01 |
| DHI D.R. Horton Inc. | Sold out | 0.00% | −0.01 |
| O Realty Income Corp. | Sold out | 0.00% | −0.01 |
| REGN Regeneron Pharmaceuticals | Sold out | 0.00% | −0.01 |
| CME Cme Group Inc. | Sold out | 0.00% | −0.01 |
| EPI Wisdomtree India Earnings | Sold out | 0.00% | −0.01 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -15.8% | 0.05% | −0.01 |
| KO The Coca-Cola Co. | Reduce -5.5% | 0.04% | −0.01 |
| INTC Intel Corp. | Reduce -16.5% | 0.02% | −0.01 |
| PG The Procter & Gamble Co. | Reduce -7.6% | 0.08% | −0.01 |
| TGT Target Corp. | Reduce -18.5% | 0.02% | −0.01 |
| AMGN Amgen Inc. | Reduce -0.3% | 0.04% | −0.01 |
| IVE iShares S&P 500 Value ETF | Reduce -28.3% | 0.02% | −0.01 |
| VNQ Vanguard Real Estate ETF | Reduce -10.9% | 0.03% | −0.01 |
Portfolio Buys Q3 2024 → Q4 2024
| GUNR NT Mstar GLBL NR ETF | New | 1.56% | +1.56 |
| AGG iShares Core U.S. Aggregate | Add +237.1% | 0.55% | +0.38 |
| KRE SS SPDR S&P Regional Bank | New | 0.31% | +0.31 |
| XLF SS Financial Select Sector | Add +34.1% | 0.82% | +0.25 |
| PFE Pfizer Inc. | Add +780.4% | 0.23% | +0.20 |
| HON Honeywell International Inc. | Add +60.3% | 0.36% | +0.16 |
| MCD McDonald's Corp. | Add +47.3% | 0.44% | +0.13 |
| XLI SS Industrial Select Sector | Add +26.0% | 0.66% | +0.12 |
| VMBS Vanguard Mortgage-Backed Sec | Add +7.8% | 3.04% | +0.09 |
| PAVE Global X US Infrastructure | Add +5.4% | 2.86% | +0.09 |
| IJH iShares Core S&P Midcap ETF | Add +1.9% | 5.54% | +0.08 |
| XLK SS Technology Select Sector | Add +0.5% | 1.98% | +0.06 |
| RSP Invesco S&P 500 Equal Weight | Add +3.5% | 4.17% | +0.04 |
| IBDU iShares Ibonds Dec 2029 Term | Add +284.3% | 0.05% | +0.03 |
| IBDV iShares Ibonds Dec 2030 Corp. | New | 0.03% | +0.03 |
| IBDW iShares Ibonds Dec 2031 Corp. | New | 0.02% | +0.02 |
| IBDT iShares Ibonds Dec 2028 ETF | Add +160.2% | 0.03% | +0.02 |
| NVDA Nvidia Corp. | Add +0.3% | 0.17% | +0.02 |
| AME Ametek Inc. | New | 0.01% | +0.01 |
| MDY State Street SPDR S&P Midcap | New | 0.01% | +0.01 |
| BSV Vanguard Short-Term Bond ETF | Add +17.0% | 0.10% | +0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +3.1% | 0.23% | +0.01 |
| HYMB SS SPDR N Ice HY Muni ETF | Add +21.0% | 0.07% | +0.01 |
| V Visa Inc. Class A | Add +1.3% | 0.07% | +0.01 |
| DE Deere & Co. | Add +22.7% | 0.05% | +0.01 |
| VEU Vanguard Ftse All-World Ex-U | Add +47.1% | 0.03% | +0.01 |
| VOO Vanguard S&P 500 ETF | Add +1.1% | 0.23% | +0.01 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +28.5% | 0.02% | +0.01 |
| T AT&T Inc. | Add +8.9% | 0.04% | +0.00 |
| USB US Bancorp | Add +18.5% | 0.02% | +0.00 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | Add +10.3% | 0.05% | +0.00 |
| CTRA Coterra Energy Inc. | Add +20.2% | 0.02% | +0.00 |
| COP Conocophillips | Add +21.1% | 0.02% | +0.00 |
| WBD Warner Bros Discovery Inc. | Add +2.5% | 0.01% | +0.00 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +17.0% | 0.02% | +0.00 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +3.8% | 0.04% | +0.00 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +3.7% | 0.05% | +0.00 |
| CHD Church & Dwight Co. Inc. | Add +6.8% | 0.02% | +0.00 |
| MRK Merck & Co. Inc. | Add +16.0% | 0.08% | +0.00 |
| EFA iShares MSCI Eafe ETF | Add +11.6% | 0.19% | +0.00 |
| RSG Republic Services Inc. | Add +3.6% | 0.03% | +0.00 |
| VEA Vanguard Ftse Developed ETF | Add +14.5% | 0.03% | +0.00 |
| IBDQ iShares Ibonds Dec 2025 Term | Add +2.1% | 0.05% | +0.00 |
| BDX Becton Dickinson and Co. | Add +8.5% | 0.02% | +0.00 |
| IBDR iShares Ibonds Dec 2026 Term | Add +2.0% | 0.05% | +0.00 |
| CL Colgate-Palmolive Co. | Add +13.9% | 0.02% | −0.00 |
| RTX RTX Corp. | Add +4.0% | 0.03% | −0.00 |
| SYK Stryker Corp. | Add +0.0% | 0.05% | −0.00 |
| CVX Chevron Corp. | Add +1.3% | 0.06% | −0.00 |
| PSX Phillips 66 | Add +8.9% | 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 |