FIRST INTERSTATE BANK

Filed: 5/2/2023ACC: 0001125727-23-000007

📋 What this filing means

FIRST INTERSTATE BANK filed this quarterly 13F‑HR report disclosing 178 equity positions with a total reported market value of $1.31B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

178

Positions

$1.31B

Total AUM (reported)

18.59M

Total Shares

Allocation by class

COM$208.17M15.9%

COM CL A$182.60M14.0%

INTER TERM TREAS$156.60M12.0%

INT-TERM CORP$135.37M10.3%

CORE S&P500 ETF$97.64M7.5%

CORE S&P SCP ETF$77.97M6.0%

UNIT SER 1$61.06M4.7%

Portfolio Concentration

Top 3$473.52M36.2%

4–10$406.80M31.1%

11–25$181.74M13.9%

Rest$246.64M18.8%

Top 3 weight

36.2%

Top 10 weight

67.3%

Voting Authority Distribution

Total shares with voting rights: 18.59M

Sole

Full voting authority

12.38M

% of voting shares66.6%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

6.21M

% of voting shares33.4%

Investment Discretion (by position count)

Sole20

Shared0

Other158

Dominant voting typeSole · 66.6% of voting shares

Institutional Holdings178

Rows:

First Interstate BancSystem In

DFND

COM CL A

Shares6.08M

TypeSH

Market value$181.55M

13.87%

Sole

66.11K

Shared

0.00

None

6.01M

Vanguard Group Inc/The

DFND

INTER TERM TREAS

Shares2.61M

TypeSH

Market value$156.60M

11.97%

Sole

2.61M

Shared

0.00

None

1.37K

VANGUARD ETF/USA

DFND

INT-TERM CORP

Shares1.69M

TypeSH

Market value$135.37M

10.34%

Sole

1.69M

Shared

0.00

None

2.20K

ISHARES

DFND

CORE S&P500 ETF

Shares237.52K

TypeSH

Market value$97.64M

7.46%

Sole

237.49K

Shared

0.00

None

27.00

BlackRock Fund Advisors

DFND

CORE S&P SCP ETF

Shares806.29K

TypeSH

Market value$77.97M

5.96%

Sole

803.82K

Shared

0.00

None

2.48K

Invesco Capital Management LLC

DFND

UNIT SER 1

Shares190.26K

TypeSH

Market value$61.06M

4.67%

Sole

189.46K

Shared

0.00

None

797.00

BlackRock Fund Advisors

DFND

CORE MSCI EURO

Shares1.04M

TypeSH

Market value$54.33M

4.15%

Sole

1.03M

Shared

0.00

None

4.27K

BlackRock Fund Advisors

DFND

CORE S&P MCP ETF

Shares214.11K

TypeSH

Market value$53.56M

4.09%

Sole

214.09K

Shared

0.00

None

22.00

BLACKROCK FUND ADVISORS

DFND

HDG MSCI EAFE

Shares1.16M

TypeSH

Market value$34.28M

2.62%

Sole

1.16M

Shared

0.00

None

104.00

SELECT SECTOR SPDR

DFND

TECHNOLOGY

Shares185.11K

TypeSH

Market value$27.95M

2.14%

Sole

184.78K

Shared

0.00

None

328.00

SELECT SECTOR SPDR

DFND

SBI HEALTHCARE

Shares176.78K

TypeSH

Market value$22.89M

1.75%

Sole

176.42K

Shared

0.00

None

359.00

MICROSOFT CORP

DFND

COM

Shares67.48K

TypeSH

Market value$19.45M

1.49%

Sole

62.93K

Shared

0.00

None

4.55K

Apple Inc

DFND

COM

Shares113.52K

TypeSH

Market value$18.72M

1.43%

Sole

109.64K

Shared

0.00

None

3.88K

State Street Global Advisors Inc

DFND

S&P SEMICNDCTR

Shares72.02K

TypeSH

Market value$15.02M

1.15%

Sole

72.02K

Shared

0.00

None

0.00

SELECT SECTOR SPDR

DFND

ENERGY

Shares172.91K

TypeSH

Market value$14.32M

1.09%

Sole

172.56K

Shared

0.00

None

348.00

Amazon.com Inc

DFND

COM

Shares120.97K

TypeSH

Market value$12.49M

0.95%

Sole

119.49K

Shared

0.00

None

1.48K

BlackRock Fund Advisors

DFND

20 YR TR BD ETF

Shares116.18K

TypeSH

Market value$12.36M

0.94%

Sole

116.13K

Shared

0.00

None

50.00

State Street Global Advisors Inc

DFND

SBI INT-INDS

Shares99.27K

TypeSH

Market value$10.04M

0.77%

Sole

99.15K

Shared

0.00

None

118.00

LOWE'S COS INC

DFND

COM

Shares47.25K

TypeSH

Market value$9.45M

0.72%

Sole

46.47K

Shared

0.00

None

789.00

Berkshire Hathaway Inc

DFND

CL B NEW

Shares28.19K

TypeSH

Market value$8.70M

0.67%

Sole

26.78K

Shared

0.00

None

1.41K

ALPHABET INC

DFND

CAP STK CL A

Shares82.33K

TypeSH

Market value$8.54M

0.65%

Sole

81.63K

Shared

0.00

None

700.00

NIKE INC

DFND

CL B

Shares63.09K

TypeSH

Market value$7.74M

0.59%

Sole

62.47K

Shared

0.00

None

612.00

SSgA Funds Management Inc

DFND

COMMUNICATION

Shares130.72K

TypeSH

Market value$7.58M

0.58%

Sole

130.72K

Shared

0.00

None

0.00

UnitedHealth Group Inc

DFND

COM

Shares15.87K

TypeSH

Market value$7.50M

0.57%

Sole

15.43K

Shared

0.00

None

440.00

SELECT SECTOR SPDR

DFND

SBI CONS STPLS

Shares92.82K

TypeSH

Market value$6.93M

0.53%

Sole

92.67K

Shared

0.00

None

149.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
First Interstate BancSystem InDFND	COM CL A	6.08M	SH	$181.55M 13.87%	66.11K	6.01M
Vanguard Group Inc/TheDFND	INTER TERM TREAS	2.61M	SH	$156.60M 11.97%	2.61M	1.37K
VANGUARD ETF/USADFND	INT-TERM CORP	1.69M	SH	$135.37M 10.34%	1.69M	2.20K
ISHARESDFND	CORE S&P500 ETF	237.52K	SH	$97.64M 7.46%	237.49K	27.00
BlackRock Fund AdvisorsDFND	CORE S&P SCP ETF	806.29K	SH	$77.97M 5.96%	803.82K	2.48K
Invesco Capital Management LLCDFND	UNIT SER 1	190.26K	SH	$61.06M 4.67%	189.46K	797.00
BlackRock Fund AdvisorsDFND	CORE MSCI EURO	1.04M	SH	$54.33M 4.15%	1.03M	4.27K
BlackRock Fund AdvisorsDFND	CORE S&P MCP ETF	214.11K	SH	$53.56M 4.09%	214.09K	22.00
BLACKROCK FUND ADVISORSDFND	HDG MSCI EAFE	1.16M	SH	$34.28M 2.62%	1.16M	104.00
SELECT SECTOR SPDRDFND	TECHNOLOGY	185.11K	SH	$27.95M 2.14%	184.78K	328.00
SELECT SECTOR SPDRDFND	SBI HEALTHCARE	176.78K	SH	$22.89M 1.75%	176.42K	359.00
MICROSOFT CORPDFND	COM	67.48K	SH	$19.45M 1.49%	62.93K	4.55K
Apple IncDFND	COM	113.52K	SH	$18.72M 1.43%	109.64K	3.88K
State Street Global Advisors IncDFND	S&P SEMICNDCTR	72.02K	SH	$15.02M 1.15%	72.02K	0.00
SELECT SECTOR SPDRDFND	ENERGY	172.91K	SH	$14.32M 1.09%	172.56K	348.00
Amazon.com IncDFND	COM	120.97K	SH	$12.49M 0.95%	119.49K	1.48K
BlackRock Fund AdvisorsDFND	20 YR TR BD ETF	116.18K	SH	$12.36M 0.94%	116.13K	50.00
State Street Global Advisors IncDFND	SBI INT-INDS	99.27K	SH	$10.04M 0.77%	99.15K	118.00
LOWE'S COS INCDFND	COM	47.25K	SH	$9.45M 0.72%	46.47K	789.00
Berkshire Hathaway IncDFND	CL B NEW	28.19K	SH	$8.70M 0.67%	26.78K	1.41K
ALPHABET INCDFND	CAP STK CL A	82.33K	SH	$8.54M 0.65%	81.63K	700.00
NIKE INCDFND	CL B	63.09K	SH	$7.74M 0.59%	62.47K	612.00
SSgA Funds Management IncDFND	COMMUNICATION	130.72K	SH	$7.58M 0.58%	130.72K	0.00
UnitedHealth Group IncDFND	COM	15.87K	SH	$7.50M 0.57%	15.43K	440.00
SELECT SECTOR SPDRDFND	SBI CONS STPLS	92.82K	SH	$6.93M 0.53%	92.67K	149.00

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