FIRST INTERSTATE BANK

Filed: 10/31/2023ACC: 0001125727-23-000019

📋 What this filing means

FIRST INTERSTATE BANK filed this quarterly 13F‑HR report disclosing 168 equity positions with a total reported market value of $1.16B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

168

Positions

$1.16B

Total AUM (reported)

18M

Total Shares

Allocation by class

COM$347.21M29.9%

INTER TERM TREAS$148.58M12.8%

INT-TERM CORP$127.78M11.0%

CORE S&P500 ETF$125.30M10.8%

CORE S&P MCP ETF$53.95M4.6%

CORE S&P SCP ETF$44.78M3.9%

CORE MSCI EURO$44.31M3.8%

Portfolio Concentration

Top 3$428.17M36.9%

4–10$353.19M30.4%

11–25$160.69M13.8%

Rest$218.53M18.8%

Top 3 weight

36.9%

Top 10 weight

67.3%

Voting Authority Distribution

Total shares with voting rights: 18M

Sole

Full voting authority

11.63M

% of voting shares64.6%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

6.37M

% of voting shares35.4%

Investment Discretion (by position count)

Sole34

Shared0

Other134

Dominant voting typeSole · 64.6% of voting shares

Institutional Holdings168

Rows:

First Interstate BancSystem In

DFND

COM

Shares6.09M

TypeSH

Market value$151.82M

13.08%

Sole

66.54K

Shared

0.00

None

6.02M

Vanguard Group Inc/The

DFND

INTER TERM TREAS

Shares2.60M

TypeSH

Market value$148.58M

12.80%

Sole

2.59M

Shared

0.00

None

13.76K

VANGUARD ETF/USA

DFND

INT-TERM CORP

Shares1.68M

TypeSH

Market value$127.78M

11.01%

Sole

1.68M

Shared

0.00

None

2.46K

ISHARES

DFND

CORE S&P500 ETF

Shares291.79K

TypeSH

Market value$125.30M

10.80%

Sole

291.73K

Shared

0.00

None

54.00

BlackRock Fund Advisors

DFND

CORE S&P MCP ETF

Shares216.34K

TypeSH

Market value$53.95M

4.65%

Sole

216.32K

Shared

0.00

None

27.00

BlackRock Fund Advisors

DFND

CORE S&P SCP ETF

Shares474.70K

TypeSH

Market value$44.78M

3.86%

Sole

473.14K

Shared

0.00

None

1.56K

BlackRock Fund Advisors

DFND

CORE MSCI EURO

Shares892.22K

TypeSH

Market value$44.31M

3.82%

Sole

891.57K

Shared

0.00

None

656.00

BLACKROCK FUND ADVISORS

DFND

HDG MSCI EAFE

Shares1.38M

TypeSH

Market value$41.39M

3.57%

Sole

1.37M

Shared

0.00

None

4.76K

SELECT SECTOR SPDR

DFND

TECHNOLOGY

Shares133.71K

TypeSH

Market value$21.92M

1.89%

Sole

133.46K

Shared

0.00

None

247.00

SELECT SECTOR SPDR

DFND

SBI HEALTHCARE

Shares167.38K

TypeSH

Market value$21.55M

1.86%

Sole

167.02K

Shared

0.00

None

359.00

Apple Inc

DFND

COM

Shares101.60K

TypeSH

Market value$17.39M

1.50%

Sole

91.17K

Shared

0.00

None

10.42K

MICROSOFT CORP

DFND

COM

Shares52.35K

TypeSH

Market value$16.53M

1.42%

Sole

44.58K

Shared

0.00

None

7.77K

SELECT SECTOR SPDR

DFND

ENERGY

Shares173.09K

TypeSH

Market value$15.65M

1.35%

Sole

172.74K

Shared

0.00

None

348.00

Amazon.com Inc

DFND

COM

Shares111.25K

TypeSH

Market value$14.14M

1.22%

Sole

106.28K

Shared

0.00

None

4.96K

State Street Global Advisors Inc

DFND

SBI INT-INDS

Shares111.54K

TypeSH

Market value$11.31M

0.97%

Sole

111.21K

Shared

0.00

None

333.00

ALPHABET INC

DFND

CAP STK CL A

Shares76.62K

TypeSH

Market value$10.03M

0.86%

Sole

70.78K

Shared

0.00

None

5.84K

BlackRock Fund Advisors

DFND

20 YR TR BD ETF

Shares108.31K

TypeSH

Market value$9.61M

0.83%

Sole

108.27K

Shared

0.00

None

50.00

BlackRock Fund Advisors

DFND

PFD AND INCM SEC

Shares309.98K

TypeSH

Market value$9.35M

0.81%

Sole

308.49K

Shared

0.00

None

1.49K

Berkshire Hathaway Inc

DFND

CL B NEW

Shares26.53K

TypeSH

Market value$9.29M

0.80%

Sole

23.02K

Shared

0.00

None

3.51K

LOWE'S COS INC

DFND

COM

Shares43.92K

TypeSH

Market value$9.13M

0.79%

Sole

43.39K

Shared

0.00

None

527.00

SSgA Funds Management Inc

DFND

COMMUNICATION

Shares131.62K

TypeSH

Market value$8.63M

0.74%

Sole

131.62K

Shared

0.00

None

0.00

SELECT SECTOR SPDR

DFND

FINANCIAL

Shares237.77K

TypeSH

Market value$7.89M

0.68%

Sole

236.91K

Shared

0.00

None

864.00

UnitedHealth Group Inc

DFND

COM

Shares14.65K

TypeSH

Market value$7.38M

0.64%

Sole

13.01K

Shared

0.00

None

1.63K

State Street Global Advisors Inc

DFND

S&P SEMICNDCTR

Shares37.50K

TypeSH

Market value$7.35M

0.63%

Sole

37.50K

Shared

0.00

None

0.00

SELECT SECTOR SPDR

DFND

SBI MATERIALS

Shares89.26K

TypeSH

Market value$7.01M

0.60%

Sole

88.53K

Shared

0.00

None

727.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
First Interstate BancSystem InDFND	COM	6.09M	SH	$151.82M 13.08%	66.54K	6.02M
Vanguard Group Inc/TheDFND	INTER TERM TREAS	2.60M	SH	$148.58M 12.80%	2.59M	13.76K
VANGUARD ETF/USADFND	INT-TERM CORP	1.68M	SH	$127.78M 11.01%	1.68M	2.46K
ISHARESDFND	CORE S&P500 ETF	291.79K	SH	$125.30M 10.80%	291.73K	54.00
BlackRock Fund AdvisorsDFND	CORE S&P MCP ETF	216.34K	SH	$53.95M 4.65%	216.32K	27.00
BlackRock Fund AdvisorsDFND	CORE S&P SCP ETF	474.70K	SH	$44.78M 3.86%	473.14K	1.56K
BlackRock Fund AdvisorsDFND	CORE MSCI EURO	892.22K	SH	$44.31M 3.82%	891.57K	656.00
BLACKROCK FUND ADVISORSDFND	HDG MSCI EAFE	1.38M	SH	$41.39M 3.57%	1.37M	4.76K
SELECT SECTOR SPDRDFND	TECHNOLOGY	133.71K	SH	$21.92M 1.89%	133.46K	247.00
SELECT SECTOR SPDRDFND	SBI HEALTHCARE	167.38K	SH	$21.55M 1.86%	167.02K	359.00
Apple IncDFND	COM	101.60K	SH	$17.39M 1.50%	91.17K	10.42K
MICROSOFT CORPDFND	COM	52.35K	SH	$16.53M 1.42%	44.58K	7.77K
SELECT SECTOR SPDRDFND	ENERGY	173.09K	SH	$15.65M 1.35%	172.74K	348.00
Amazon.com IncDFND	COM	111.25K	SH	$14.14M 1.22%	106.28K	4.96K
State Street Global Advisors IncDFND	SBI INT-INDS	111.54K	SH	$11.31M 0.97%	111.21K	333.00
ALPHABET INCDFND	CAP STK CL A	76.62K	SH	$10.03M 0.86%	70.78K	5.84K
BlackRock Fund AdvisorsDFND	20 YR TR BD ETF	108.31K	SH	$9.61M 0.83%	108.27K	50.00
BlackRock Fund AdvisorsDFND	PFD AND INCM SEC	309.98K	SH	$9.35M 0.81%	308.49K	1.49K
Berkshire Hathaway IncDFND	CL B NEW	26.53K	SH	$9.29M 0.80%	23.02K	3.51K
LOWE'S COS INCDFND	COM	43.92K	SH	$9.13M 0.79%	43.39K	527.00
SSgA Funds Management IncDFND	COMMUNICATION	131.62K	SH	$8.63M 0.74%	131.62K	0.00
SELECT SECTOR SPDRDFND	FINANCIAL	237.77K	SH	$7.89M 0.68%	236.91K	864.00
UnitedHealth Group IncDFND	COM	14.65K	SH	$7.38M 0.64%	13.01K	1.63K
State Street Global Advisors IncDFND	S&P SEMICNDCTR	37.50K	SH	$7.35M 0.63%	37.50K	0.00
SELECT SECTOR SPDRDFND	SBI MATERIALS	89.26K	SH	$7.01M 0.60%	88.53K	727.00

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