First Interstate Bank
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 29, 2026), First Interstate Bank reported 187 stock positions worth $1.8 billion. Its top holding was Vanguard Int-Term Corporate (VCIT) at 9.0% of the portfolio, followed by First Interstate Bancsys-A (FIBK, 8.7%) and Invesco S&P 500 Equal Weight (RSP, 8.2%). Compared with Q4 2025, it opened 12 new positions, sold out of 24, added to 45 and reduced 97. The biggest buy was Vanguard Int-Term Corporate (VCIT, shares +7%) and the biggest sale Isha Curr Hedged MSCI Eafe (HEFA, shares −90%).
- Most Recent 13F
- Q2 2026
- Location
- Billings, MT
- CIK
- 0001125727
- Portfolio Value
- $1.8B (Q1 2026)
- SEC Filing
- 0001125727-26-000012 ↗ filed Apr 29, 2026
Holdings Value
Holdings 187 stocks · $1.8B
| VCIT Vanguard Int-Term Corporate | 9.04% | 1,943,286 | $160.8M | Add +6.9% |
| FIBK First Interstate Bancsys-A | 8.74% | 4,653,119 | $155.4M | Reduce -0.3% |
| RSP Invesco S&P 500 Equal Weight | 8.21% | 761,230 | $146.1M | Add +0.6% |
| IVV iShares Core S&P 500 ETF | 7.57% | 206,171 | $134.7M | Add +1.7% |
| VGIT Vanguard Intermediate-Term T | 6.02% | 1,799,821 | $107.2M | Add +4.0% |
| IJH iShares Core S&P Midcap ETF | 5.88% | 1,548,799 | $104.6M | Add +2.1% |
| PFF iShares Preferred & Income S | 4.94% | 2,899,087 | $87.9M | Reduce -0.3% |
| IJR iShares Core S&P Small-Cap E | 4.75% | 679,701 | $84.5M | Add +0.7% |
| VTIP Vanguard Short-Term Tips | 4.27% | 1,520,921 | $76.0M | Add +10.5% |
| GUNR NT Mstar GLBL NR ETF | 4.08% | 1,315,126 | $72.5M | Reduce -11.6% |
| VMBS Vanguard Mortgage-Backed Sec | 3.64% | 1,379,528 | $64.8M | Add +3.3% |
| IBDY iShares Ibonds Dec 2033 Corp. | 2.82% | 1,940,344 | $50.2M | Add +2.0% |
| PAVE Global X US Infrastructure | 2.18% | 763,387 | $38.8M | Reduce -37.1% |
| XLK SS Technology Select Sector | 1.94% | 259,948 | $34.5M | Add +1.9% |
| AAPL Apple Inc. | 1.13% | 79,141 | $20.1M | Add +1.6% |
| GOOGL Alphabet Inc. Class A | 0.95% | 58,756 | $16.9M | Reduce -0.7% |
| XLV SS Health Care Select Sector | 0.95% | 114,970 | $16.9M | Reduce -1.7% |
| XLC SS Comm Select Sector SPDR | 0.91% | 146,616 | $16.3M | Add +1.8% |
| MSFT Microsoft Corp. | 0.87% | 41,954 | $15.5M | Add +0.9% |
| XLI SS Industrial Select Sector | 0.84% | 92,580 | $15.0M | Reduce -1.7% |
| AMZN Amazon.com Inc. | 0.80% | 68,307 | $14.2M | Reduce -1.4% |
| XLE SS Energy Select Sector | 0.71% | 206,565 | $12.7M | Reduce -27.4% |
| XLF SS Financial Select Sector | 0.69% | 247,689 | $12.2M | Add +0.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.59% | 21,853 | $10.5M | Reduce -4.0% |
| CSCO Cisco Systems Inc. | 0.57% | 131,143 | $10.2M | Reduce -3.9% |
| JPM JPMorgan Chase & Co. | 0.49% | 29,524 | $8.7M | Reduce -5.1% |
| XSD SS SPDR S&P Semiconductor | 0.48% | 26,294 | $8.6M | Reduce -2.1% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.45% | 173,785 | $8.0M | Reduce -3.2% |
| PANW Palo Alto Networks Inc. | 0.42% | 46,683 | $7.5M | Reduce -3.0% |
| IBB iShares Biotechnology ETF | 0.39% | 41,082 | $6.9M | Add +18.7% |
| WMT Walmart Inc. | 0.39% | 55,749 | $6.9M | Reduce -35.3% |
| MCD McDonald's Corp. | 0.38% | 22,029 | $6.8M | Reduce -4.6% |
| XLB SS Materials Select Sector | 0.38% | 135,172 | $6.8M | Reduce -2.3% |
| XLRE SS Real Estate Select Sector | 0.38% | 164,463 | $6.7M | Reduce -3.9% |
| XLP SS Consumer Staples Sel Sect | 0.36% | 78,638 | $6.4M | Reduce -8.8% |
| COST Costco Wholesale Corp. | 0.36% | 6,373 | $6.4M | Reduce -4.0% |
| AXP American Express Co. | 0.35% | 20,567 | $6.2M | Reduce -5.1% |
| XLY SS Consumer Disc Select Sect | 0.35% | 56,862 | $6.2M | Add +2.1% |
| HEFA Isha Curr Hedged MSCI Eafe | 0.33% | 137,540 | $5.8M | Reduce -90.3% |
| HON Honeywell International Inc. | 0.31% | 24,570 | $5.6M | Reduce -2.6% |
| NVDA Nvidia Corp. | 0.31% | 31,191 | $5.4M | Reduce -5.1% |
| IEF iShares 7-10 Year Treasury B | 0.29% | 53,680 | $5.1M | Reduce -18.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.29% | 53,059 | $5.1M | Reduce -1.5% |
| C Citigroup Inc. | 0.28% | 43,821 | $5.0M | Reduce -4.3% |
| LOW Lowe's Cos Inc. | 0.28% | 20,999 | $5.0M | Reduce -4.2% |
| CGHM Cap Group Muni High-Income | 0.28% | 194,377 | $4.9M | Add +20.7% |
| GSEW Goldman Sachs Eql WGHT Large | 0.28% | 57,800 | $4.9M | Reduce -6.3% |
| KRE SS SPDR S&P Regional Bank | 0.26% | 72,166 | $4.7M | Reduce -1.0% |
| CRM Salesforce Inc. | 0.25% | 24,279 | $4.5M | Add +59.0% |
| ABT Abbott Laboratories | 0.25% | 42,889 | $4.4M | Reduce -2.8% |
| UNP Union Pacific Corp. | 0.24% | 17,494 | $4.2M | Reduce -7.0% |
| META Meta Platforms Inc. Class A | 0.23% | 7,233 | $4.1M | Add +0.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.23% | 6,323 | $4.1M | Reduce -1.0% |
| EFA iShares MSCI Eafe ETF | 0.23% | 42,130 | $4.1M | Add +51.7% |
| BX Blackstone Inc. | 0.22% | 34,064 | $3.9M | Reduce -4.4% |
| BUG Global X Cybersecurity ETF | 0.22% | 152,851 | $3.8M | New |
| PFFD Global X US Preferred ETF | 0.21% | 204,730 | $3.8M | Add +14.6% |
| PFE Pfizer Inc. | 0.21% | 131,289 | $3.7M | Reduce -4.6% |
| VOO Vanguard S&P 500 ETF | 0.20% | 5,832 | $3.5M | Reduce -2.0% |
| MDLZ Mondelez International Inc. Class A | 0.19% | 59,609 | $3.4M | Reduce -5.1% |
| EEM iShares MSCI Emerging Market | 0.19% | 58,618 | $3.3M | Add +41.0% |
| AVGO Broadcom Inc. | 0.18% | 10,216 | $3.2M | Reduce -0.2% |
| AGG iShares Core U.S. Aggregate | 0.17% | 30,435 | $3.0M | Add +6.0% |
| HD Home Depot Inc. | 0.17% | 8,974 | $3.0M | Reduce -0.2% |
| AEM Agnico Eagle Mines Ltd. | 0.16% | 14,279 | $2.9M | No change |
| EMR Emerson Electric Co. | 0.16% | 21,459 | $2.8M | Reduce -5.3% |
| IHI iShares U.S. Medical Devices | 0.15% | 50,890 | $2.7M | Add +61.2% |
| KKR KKR & Co. Inc. | 0.13% | 24,209 | $2.2M | Reduce -1.2% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.12% | 3 | $2.2M | Reduce -25.0% |
| JNJ Johnson & Johnson | 0.12% | 8,689 | $2.1M | Reduce -8.4% |
| XOM Exxon Mobil Corp. | 0.12% | 12,344 | $2.1M | Reduce -28.0% |
| CAT Caterpillar Inc. | 0.11% | 2,790 | $2.0M | Reduce -8.8% |
| GOOG Alphabet Inc. Class C | 0.11% | 6,856 | $2.0M | Reduce -0.5% |
| MPC Marathon Petroleum Corp. | 0.11% | 7,949 | $1.9M | Reduce -26.2% |
| BSV Vanguard Short-Term Bond ETF | 0.11% | 24,626 | $1.9M | Add +6.2% |
| PSX Phillips 66 | 0.11% | 10,477 | $1.9M | Reduce -9.3% |
| MRK Merck & Co. Inc. | 0.11% | 15,822 | $1.9M | Reduce -8.0% |
| ORCL Oracle Corp. | 0.10% | 12,370 | $1.8M | Add +1.6% |
| ITOT iShares Core S&P Total U.S. | 0.10% | 12,541 | $1.8M | Reduce -5.2% |
| VEU Vanguard Ftse All-World Ex-U | 0.08% | 19,812 | $1.5M | Reduce -8.3% |
| REVS Columbia Resear Enh Val ETF | 0.07% | 46,150 | $1.3M | New |
| CVX Chevron Corp. | 0.07% | 6,161 | $1.3M | Add +0.8% |
| BA The Boeing Co. | 0.07% | 6,337 | $1.3M | Add +549.3% |
| TMO Thermo Fisher Scientific Inc. | 0.07% | 2,562 | $1.3M | Reduce -4.3% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.07% | 4,757 | $1.2M | Add +1.3% |
| ABBV Abbvie Inc. | 0.07% | 5,665 | $1.2M | Reduce -22.9% |
| JCI Johnson Controls Internation | 0.07% | 9,377 | $1.2M | Reduce -10.7% |
| APH Amphenol Corp. Class A | 0.07% | 9,600 | $1.2M | No change |
| DE Deere & Co. | 0.07% | 2,135 | $1.2M | Reduce -1.4% |
| VWO Vanguard Ftse Emerging Marke | 0.06% | 20,496 | $1.1M | Add +10.7% |
| PEP Pepsico Inc. | 0.06% | 7,101 | $1.1M | Reduce -15.5% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.06% | 13,614 | $1.1M | No change |
| WFC Wells Fargo & Co. | 0.06% | 13,437 | $1.1M | Add +4.1% |
| IBDX iShares Ibonds Dec 2032 TC | 0.06% | 42,184 | $1.1M | Reduce -45.2% |
| KO The Coca-Cola Co. | 0.06% | 13,939 | $1.1M | Reduce -14.6% |
| PG The Procter & Gamble Co. | 0.06% | 7,092 | $1.0M | Reduce -4.3% |
| GE General Electric filed as GE AEROSPACE | 0.05% | 3,384 | $960K | Reduce -5.0% |
| TRP TC Energy Corp. | 0.05% | 15,199 | $951K | Add +3.4% |
| GS Goldman Sachs Group Inc. | 0.05% | 1,121 | $948K | Reduce -2.2% |
| VT Vanguard Tot World STK ETF | 0.05% | 6,650 | $920K | No change |
Portfolio Sells Q4 2025 → Q1 2026
| HEFA Isha Curr Hedged MSCI Eafe | Reduce -90.3% | 0.33% | −2.84 |
| PAVE Global X US Infrastructure | Reduce -37.1% | 2.18% | −0.93 |
| SOXX iShares Semiconductor ETF | Reduce -94.4% | 0.03% | −0.37 |
| UNH Unitedhealth Group Inc. | Reduce -83.5% | 0.03% | −0.16 |
| WMT Walmart Inc. | Reduce -35.3% | 0.39% | −0.13 |
| AXP American Express Co. | Reduce -5.1% | 0.35% | −0.08 |
| BX Blackstone Inc. | Reduce -4.4% | 0.22% | −0.07 |
| AMZN Amazon.com Inc. | Reduce -1.4% | 0.80% | −0.06 |
| PANW Palo Alto Networks Inc. | Reduce -3.0% | 0.42% | −0.06 |
| IEF iShares 7-10 Year Treasury B | Reduce -18.5% | 0.29% | −0.05 |
| JPM JPMorgan Chase & Co. | Reduce -5.1% | 0.49% | −0.05 |
| ABT Abbott Laboratories | Reduce -2.8% | 0.25% | −0.05 |
| FHN First Horizon Corp. | Sold out | 0.00% | −0.05 |
| IBDX iShares Ibonds Dec 2032 TC | Reduce -45.2% | 0.06% | −0.05 |
| GOOGL Alphabet Inc. Class A | Reduce -0.7% | 0.95% | −0.04 |
| KKR KKR & Co. Inc. | Reduce -1.2% | 0.13% | −0.04 |
| DIS The Walt Disney Co. | Reduce -1.5% | 0.29% | −0.04 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -25.0% | 0.12% | −0.04 |
| V Visa Inc. Class A | Reduce -46.5% | 0.03% | −0.03 |
| QQQ Invesco QQQ Trust Series 1 | Sold out | 0.00% | −0.03 |
| SPGI S&P Global Inc. | Sold out | 0.00% | −0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -4.0% | 0.59% | −0.03 |
| XLV SS Health Care Select Sector | Reduce -1.7% | 0.95% | −0.02 |
| NVDA Nvidia Corp. | Reduce -5.1% | 0.31% | −0.02 |
| IEUR iShares Core MSCI Europe ETF | Sold out | 0.00% | −0.02 |
| LRCX Lam Research Corp. | Sold out | 0.00% | −0.02 |
| ABBV Abbvie Inc. | Reduce -22.9% | 0.07% | −0.02 |
| IGE iShares North American Natur | Sold out | 0.00% | −0.02 |
| SCHW Schwab (charles) Corp. | Sold out | 0.00% | −0.02 |
| IWV iShares Russell 3000 ETF | Reduce -32.9% | 0.04% | −0.02 |
| MLM Martin Marietta Materials | Sold out | 0.00% | −0.02 |
| ADSK Autodesk Inc. | Sold out | 0.00% | −0.02 |
| GWW WW Grainger Inc. | Sold out | 0.00% | −0.02 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −0.01 |
| LLY Eli Lilly & Co. | Sold out | 0.00% | −0.01 |
| BDX Becton Dickinson and Co. | Sold out | 0.00% | −0.01 |
| FFIC Flushing Financial Corp. | Sold out | 0.00% | −0.01 |
| IDXX Idexx Laboratories Inc. | Sold out | 0.00% | −0.01 |
| PAYX Paychex Inc. | Sold out | 0.00% | −0.01 |
| IAU iShares Gold Trust | Sold out | 0.00% | −0.01 |
| PWR Quanta Services Inc. | Sold out | 0.00% | −0.01 |
| TMO Thermo Fisher Scientific Inc. | Reduce -4.3% | 0.07% | −0.01 |
| AVGO Broadcom Inc. | Reduce -0.2% | 0.18% | −0.01 |
| KMI Kinder Morgan Inc. | Sold out | 0.00% | −0.01 |
| FISV Fiserv Inc. | Sold out | 0.00% | −0.01 |
| MA Mastercard Inc. Class A | Reduce -19.7% | 0.03% | −0.01 |
| ROK Rockwell Automation Inc. | Sold out | 0.00% | −0.01 |
| PYPL PayPal Holdings Inc. | Sold out | 0.00% | −0.01 |
| OEF iShares S&P 100 ETF | Sold out | 0.00% | −0.01 |
| QCOM Qualcomm Inc. | Reduce -4.9% | 0.03% | −0.01 |
Portfolio Buys Q4 2025 → Q1 2026
| VCIT Vanguard Int-Term Corporate | Add +6.9% | 9.04% | +0.87 |
| VTIP Vanguard Short-Term Tips | Add +10.5% | 4.27% | +0.62 |
| IJH iShares Core S&P Midcap ETF | Add +2.1% | 5.88% | +0.50 |
| VGIT Vanguard Intermediate-Term T | Add +4.0% | 6.02% | +0.46 |
| RSP Invesco S&P 500 Equal Weight | Add +0.6% | 8.21% | +0.44 |
| IJR iShares Core S&P Small-Cap E | Add +0.7% | 4.75% | +0.40 |
| VMBS Vanguard Mortgage-Backed Sec | Add +3.3% | 3.64% | +0.27 |
| BUG Global X Cybersecurity ETF | New | 0.22% | +0.22 |
| IBDY iShares Ibonds Dec 2033 Corp. | Add +2.0% | 2.82% | +0.15 |
| IVV iShares Core S&P 500 ETF | Add +1.7% | 7.57% | +0.12 |
| EFA iShares MSCI Eafe ETF | Add +51.7% | 0.23% | +0.09 |
| IBB iShares Biotechnology ETF | Add +18.7% | 0.39% | +0.08 |
| REVS Columbia Resear Enh Val ETF | New | 0.07% | +0.07 |
| EEM iShares MSCI Emerging Market | Add +41.0% | 0.19% | +0.07 |
| BA The Boeing Co. | Add +549.3% | 0.07% | +0.06 |
| CGHM Cap Group Muni High-Income | Add +20.7% | 0.28% | +0.06 |
| IHI iShares U.S. Medical Devices | Add +61.2% | 0.15% | +0.05 |
| CRM Salesforce Inc. | Add +59.0% | 0.25% | +0.04 |
| TTE Totalenergies SE | New | 0.04% | +0.04 |
| PFFD Global X US Preferred ETF | Add +14.6% | 0.21% | +0.03 |
| BKLN Invesco Senior Loan ETF | Add +208.5% | 0.04% | +0.02 |
| CVX Chevron Corp. | Add +0.8% | 0.07% | +0.02 |
| WM Waste Management Inc. | New | 0.02% | +0.02 |
| RL Ralph Lauren Corp. | New | 0.02% | +0.02 |
| IVE iShares S&P 500 Value ETF | New | 0.02% | +0.02 |
| AGG iShares Core U.S. Aggregate | Add +6.0% | 0.17% | +0.02 |
| F Ford Motor Co. | New | 0.01% | +0.01 |
| LMT Lockheed Martin Corp. | New | 0.01% | +0.01 |
| AMX America Movil Sab DE CV | New | 0.01% | +0.01 |
| ET Energy Transfer LP | New | 0.01% | +0.01 |
| ETN Eaton Corp. PLC | New | 0.01% | +0.01 |
| SEE Sealed Air Corp. | New | 0.01% | +0.01 |
| BSV Vanguard Short-Term Bond ETF | Add +6.2% | 0.11% | +0.01 |
| TRP TC Energy Corp. | Add +3.4% | 0.05% | +0.01 |
| INTC Intel Corp. | Add +0.6% | 0.04% | +0.01 |
| VWO Vanguard Ftse Emerging Marke | Add +10.7% | 0.06% | +0.01 |
| IBDU iShares Ibonds Dec 2029 Term | Add +12.8% | 0.05% | +0.01 |
| BMI Badger Meter Inc. | Add +41.4% | 0.03% | +0.01 |
| IBDV iShares Ibonds Dec 2030 Corp. | Add +9.9% | 0.04% | +0.01 |
| IBDT iShares Ibonds Dec 2028 ETF | Add +14.4% | 0.03% | +0.01 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +1.3% | 0.07% | +0.01 |
| SCZ iShares MSCI Eafe Small-Cap | Add +15.3% | 0.02% | +0.00 |
| XLC SS Comm Select Sector SPDR | Add +1.8% | 0.91% | +0.00 |
| IBDW iShares Ibonds Dec 2031 Corp. | Add +13.1% | 0.02% | +0.00 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +4.0% | 0.04% | +0.00 |
| VNQ Vanguard Real Estate ETF | Add +6.5% | 0.02% | +0.00 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +20.7% | 0.02% | +0.00 |
| IBDR iShares Ibonds Dec 2026 Term | Add +0.5% | 0.04% | +0.00 |
| ADP Automatic Data Processing | Add +17.2% | 0.05% | −0.00 |
| WFC Wells Fargo & Co. | Add +4.1% | 0.06% | −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 |