FIRST INTERSTATE BANK

Filed: 8/1/2023ACC: 0001125727-23-000012

📋 What this filing means

FIRST INTERSTATE BANK filed this quarterly 13F‑HR report disclosing 167 equity positions with a total reported market value of $1.21B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

167

Positions

$1.21B

Total AUM (reported)

18.05M

Total Shares

Allocation by class

COM$215.98M17.8%

INTER TERM TREAS$157.13M13.0%

COM CL A$146.10M12.1%

INT-TERM CORP$135.21M11.2%

CORE S&P500 ETF$129.27M10.7%

CORE S&P MCP ETF$55.89M4.6%

CORE MSCI EURO$50.24M4.1%

Portfolio Concentration

Top 3$437.38M36.1%

4–10$373.30M30.8%

11–25$168.94M14.0%

Rest$231.13M19.1%

Top 3 weight

36.1%

Top 10 weight

67.0%

Voting Authority Distribution

Total shares with voting rights: 18.05M

Sole

Full voting authority

11.73M

% of voting shares65.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

6.32M

% of voting shares35.0%

Investment Discretion (by position count)

Sole31

Shared0

Other136

Dominant voting typeSole · 65.0% of voting shares

Institutional Holdings167

Rows:

Vanguard Group Inc/The

DFND

INTER TERM TREAS

Shares2.68M

TypeSH

Market value$157.13M

12.98%

Sole

2.67M

Shared

0.00

None

13.28K

First Interstate BancSystem In

DFND

COM CL A

Shares6.08M

TypeSH

Market value$145.03M

11.98%

Sole

66.61K

Shared

0.00

None

6.02M

VANGUARD ETF/USA

DFND

INT-TERM CORP

Shares1.71M

TypeSH

Market value$135.21M

11.17%

Sole

1.71M

Shared

0.00

None

2.20K

ISHARES

DFND

CORE S&P500 ETF

Shares290.03K

TypeSH

Market value$129.27M

10.68%

Sole

289.98K

Shared

0.00

None

44.00

BlackRock Fund Advisors

DFND

CORE S&P MCP ETF

Shares213.74K

TypeSH

Market value$55.89M

4.62%

Sole

213.72K

Shared

0.00

None

22.00

BlackRock Fund Advisors

DFND

CORE MSCI EURO

Shares954.60K

TypeSH

Market value$50.24M

4.15%

Sole

953.97K

Shared

0.00

None

637.00

BlackRock Fund Advisors

DFND

CORE S&P SCP ETF

Shares488.74K

TypeSH

Market value$48.70M

4.02%

Sole

487.19K

Shared

0.00

None

1.54K

BLACKROCK FUND ADVISORS

DFND

HDG MSCI EAFE

Shares1.33M

TypeSH

Market value$41.37M

3.42%

Sole

1.33M

Shared

0.00

None

4.76K

SELECT SECTOR SPDR

DFND

TECHNOLOGY

Shares142.35K

TypeSH

Market value$24.75M

2.04%

Sole

142.11K

Shared

0.00

None

247.00

SELECT SECTOR SPDR

DFND

SBI HEALTHCARE

Shares173.92K

TypeSH

Market value$23.08M

1.91%

Sole

173.56K

Shared

0.00

None

359.00

MICROSOFT CORP

DFND

COM

Shares62.13K

TypeSH

Market value$21.16M

1.75%

Sole

54.86K

Shared

0.00

None

7.28K

Apple Inc

DFND

COM

Shares105.60K

TypeSH

Market value$20.48M

1.69%

Sole

96.49K

Shared

0.00

None

9.10K

Amazon.com Inc

DFND

COM

Shares116.42K

TypeSH

Market value$15.18M

1.25%

Sole

111.49K

Shared

0.00

None

4.93K

SELECT SECTOR SPDR

DFND

ENERGY

Shares173.29K

TypeSH

Market value$14.07M

1.16%

Sole

172.94K

Shared

0.00

None

348.00

BlackRock Fund Advisors

DFND

20 YR TR BD ETF

Shares115.42K

TypeSH

Market value$11.88M

0.98%

Sole

115.37K

Shared

0.00

None

50.00

State Street Global Advisors Inc

DFND

SBI INT-INDS

Shares98.76K

TypeSH

Market value$10.60M

0.88%

Sole

98.64K

Shared

0.00

None

118.00

LOWE'S COS INC

DFND

COM

Shares46.34K

TypeSH

Market value$10.46M

0.86%

Sole

45.82K

Shared

0.00

None

527.00

ALPHABET INC

DFND

CAP STK CL A

Shares80.02K

TypeSH

Market value$9.58M

0.79%

Sole

73.82K

Shared

0.00

None

6.20K

Berkshire Hathaway Inc

DFND

CL B NEW

Shares26.93K

TypeSH

Market value$9.18M

0.76%

Sole

24.13K

Shared

0.00

None

2.80K

SSgA Funds Management Inc

DFND

COMMUNICATION

Shares131.49K

TypeSH

Market value$8.56M

0.71%

Sole

131.49K

Shared

0.00

None

0.00

State Street Global Advisors Inc

DFND

S&P SEMICNDCTR

Shares37.31K

TypeSH

Market value$8.26M

0.68%

Sole

37.31K

Shared

0.00

None

0.00

SELECT SECTOR SPDR

DFND

FINANCIAL

Shares237.75K

TypeSH

Market value$8.01M

0.66%

Sole

236.89K

Shared

0.00

None

864.00

UnitedHealth Group Inc

DFND

COM

Shares15.21K

TypeSH

Market value$7.31M

0.60%

Sole

13.51K

Shared

0.00

None

1.70K

JPMorgan Chase & Co

DFND

COM

Shares49.65K

TypeSH

Market value$7.22M

0.60%

Sole

45.34K

Shared

0.00

None

4.30K

Palo Alto Networks Inc

DFND

COM

Shares27.37K

TypeSH

Market value$6.99M

0.58%

Sole

26.83K

Shared

0.00

None

545.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
Vanguard Group Inc/TheDFND	INTER TERM TREAS	2.68M	SH	$157.13M 12.98%	2.67M	13.28K
First Interstate BancSystem InDFND	COM CL A	6.08M	SH	$145.03M 11.98%	66.61K	6.02M
VANGUARD ETF/USADFND	INT-TERM CORP	1.71M	SH	$135.21M 11.17%	1.71M	2.20K
ISHARESDFND	CORE S&P500 ETF	290.03K	SH	$129.27M 10.68%	289.98K	44.00
BlackRock Fund AdvisorsDFND	CORE S&P MCP ETF	213.74K	SH	$55.89M 4.62%	213.72K	22.00
BlackRock Fund AdvisorsDFND	CORE MSCI EURO	954.60K	SH	$50.24M 4.15%	953.97K	637.00
BlackRock Fund AdvisorsDFND	CORE S&P SCP ETF	488.74K	SH	$48.70M 4.02%	487.19K	1.54K
BLACKROCK FUND ADVISORSDFND	HDG MSCI EAFE	1.33M	SH	$41.37M 3.42%	1.33M	4.76K
SELECT SECTOR SPDRDFND	TECHNOLOGY	142.35K	SH	$24.75M 2.04%	142.11K	247.00
SELECT SECTOR SPDRDFND	SBI HEALTHCARE	173.92K	SH	$23.08M 1.91%	173.56K	359.00
MICROSOFT CORPDFND	COM	62.13K	SH	$21.16M 1.75%	54.86K	7.28K
Apple IncDFND	COM	105.60K	SH	$20.48M 1.69%	96.49K	9.10K
Amazon.com IncDFND	COM	116.42K	SH	$15.18M 1.25%	111.49K	4.93K
SELECT SECTOR SPDRDFND	ENERGY	173.29K	SH	$14.07M 1.16%	172.94K	348.00
BlackRock Fund AdvisorsDFND	20 YR TR BD ETF	115.42K	SH	$11.88M 0.98%	115.37K	50.00
State Street Global Advisors IncDFND	SBI INT-INDS	98.76K	SH	$10.60M 0.88%	98.64K	118.00
LOWE'S COS INCDFND	COM	46.34K	SH	$10.46M 0.86%	45.82K	527.00
ALPHABET INCDFND	CAP STK CL A	80.02K	SH	$9.58M 0.79%	73.82K	6.20K
Berkshire Hathaway IncDFND	CL B NEW	26.93K	SH	$9.18M 0.76%	24.13K	2.80K
SSgA Funds Management IncDFND	COMMUNICATION	131.49K	SH	$8.56M 0.71%	131.49K	0.00
State Street Global Advisors IncDFND	S&P SEMICNDCTR	37.31K	SH	$8.26M 0.68%	37.31K	0.00
SELECT SECTOR SPDRDFND	FINANCIAL	237.75K	SH	$8.01M 0.66%	236.89K	864.00
UnitedHealth Group IncDFND	COM	15.21K	SH	$7.31M 0.60%	13.51K	1.70K
JPMorgan Chase & CoDFND	COM	49.65K	SH	$7.22M 0.60%	45.34K	4.30K
Palo Alto Networks IncDFND	COM	27.37K	SH	$6.99M 0.58%	26.83K	545.00

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