FIRST INTERSTATE BANK

Filed: 2/4/2025ACC: 0001125727-25-000003

📋 What this filing means

FIRST INTERSTATE BANK filed this quarterly 13F‑HR report disclosing 179 equity positions with a total reported market value of $1.65B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

179

Positions

$1.65B

Total AUM (reported)

26.06M

Total Shares

Allocation by class

COM$377.01M22.8%

CORE S&P500 ETF$189.33M11.5%

INT-TERM CORP$150.86M9.1%

CORE S&P MCP ETF$91.53M5.5%

HDG MSCI EAFE$87.31M5.3%

INTER TERM TREAS$75.46M4.6%

CORE S&P SCP ETF$75.32M4.6%

Portfolio Concentration

Top 3$484.00M29.3%

4–10$505.07M30.6%

11–25$360.75M21.8%

Rest$301.89M18.3%

Top 3 weight

29.3%

Top 10 weight

59.9%

Voting Authority Distribution

Total shares with voting rights: 26.06M

Sole

Full voting authority

21.33M

% of voting shares81.8%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

4.74M

% of voting shares18.2%

Investment Discretion (by position count)

Sole38

Shared0

Other141

Dominant voting typeSole · 81.8% of voting shares

Institutional Holdings179

Rows:

ISHARES

DFND

CORE S&P500 ETF

Shares321.61K

TypeSH

Market value$189.33M

11.46%

Sole

321.34K

Shared

0.00

None

276.00

VANGUARD ETF/USA

DFND

INT-TERM CORP

Shares1.88M

TypeSH

Market value$150.86M

9.13%

Sole

1.88M

Shared

0.00

None

3.28K

First Interstate BancSystem In

DFND

COM

Shares4.43M

TypeSH

Market value$143.81M

8.71%

Sole

64.53K

Shared

0.00

None

4.36M

BlackRock Fund Advisors

DFND

CORE S&P MCP ETF

Shares1.47M

TypeSH

Market value$91.53M

5.54%

Sole

1.47M

Shared

0.00

None

1.79K

BLACKROCK FUND ADVISORS

DFND

HDG MSCI EAFE

Shares2.51M

TypeSH

Market value$87.31M

5.29%

Sole

2.51M

Shared

0.00

None

3.48K

Vanguard ETF/USA

DFND

INTER TERM TREAS

Shares1.30M

TypeSH

Market value$75.46M

4.57%

Sole

1.30M

Shared

0.00

None

1.72K

BlackRock Fund Advisors

DFND

CORE S&P SCP ETF

Shares653.69K

TypeSH

Market value$75.32M

4.56%

Sole

652.38K

Shared

0.00

None

1.31K

Invesco Capital Management LLC

DFND

S&P500 EQL WGT

Shares392.82K

TypeSH

Market value$68.83M

4.17%

Sole

392.34K

Shared

0.00

None

486.00

iShares ETFs/USA

DFND

IBONDS DEC 2032

Shares2.20M

TypeSH

Market value$53.98M

3.27%

Sole

2.19M

Shared

0.00

None

3.06K

BlackRock Fund Advisors

DFND

PFD AND INCM SEC

Shares1.67M

TypeSH

Market value$52.64M

3.19%

Sole

1.67M

Shared

0.00

None

2.89K

iShares ETFs/USA

DFND

IBONDS DEC 2033

Shares2.06M

TypeSH

Market value$51.66M

3.13%

Sole

2.06M

Shared

0.00

None

2.70K

Vanguard ETF/USA

DFND

MTG-BKD SECS ETF

Shares1.11M

TypeSH

Market value$50.28M

3.04%

Sole

1.11M

Shared

0.00

None

1.49K

Global X Management Co LLC

DFND

US INFR DEV ETF

Shares1.17M

TypeSH

Market value$47.24M

2.86%

Sole

1.17M

Shared

0.00

None

1.37K

SELECT SECTOR SPDR

DFND

TECHNOLOGY

Shares140.61K

TypeSH

Market value$32.69M

1.98%

Sole

140.25K

Shared

0.00

None

353.00

Northern Trust Investments Inc

DFND

MORNSTAR UPSTR

Shares706.52K

TypeSH

Market value$25.69M

1.56%

Sole

703.52K

Shared

0.00

None

3.01K

Apple Inc

DFND

COM

Shares87.20K

TypeSH

Market value$21.84M

1.32%

Sole

77.49K

Shared

0.00

None

9.72K

SELECT SECTOR SPDR

DFND

SBI HEALTHCARE

Shares138.10K

TypeSH

Market value$19.00M

1.15%

Sole

137.64K

Shared

0.00

None

463.00

MICROSOFT CORP

DFND

COM

Shares44.77K

TypeSH

Market value$18.87M

1.14%

Sole

38.96K

Shared

0.00

None

5.81K

SSgA Funds Management Inc

DFND

COMMUNICATION

Shares170.55K

TypeSH

Market value$16.51M

1.00%

Sole

170.41K

Shared

0.00

None

139.00

Amazon.com Inc

DFND

COM

Shares73.68K

TypeSH

Market value$16.16M

0.98%

Sole

69.01K

Shared

0.00

None

4.67K

SELECT SECTOR SPDR

DFND

FINANCIAL

Shares281.32K

TypeSH

Market value$13.60M

0.82%

Sole

280.15K

Shared

0.00

None

1.16K

SELECT SECTOR SPDR

DFND

ENERGY

Shares154.91K

TypeSH

Market value$13.27M

0.80%

Sole

154.39K

Shared

0.00

None

522.00

ALPHABET INC

DFND

CAP STK CL A

Shares66.86K

TypeSH

Market value$12.66M

0.77%

Sole

61.48K

Shared

0.00

None

5.38K

SSgA Funds Management Inc

DFND

INDL

Shares83.06K

TypeSH

Market value$10.94M

0.66%

Sole

82.81K

Shared

0.00

None

254.00

Berkshire Hathaway Inc

DFND

CL B NEW

Shares22.82K

TypeSH

Market value$10.34M

0.63%

Sole

19.82K

Shared

0.00

None

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
ISHARESDFND	CORE S&P500 ETF	321.61K	SH	$189.33M 11.46%	321.34K	276.00
VANGUARD ETF/USADFND	INT-TERM CORP	1.88M	SH	$150.86M 9.13%	1.88M	3.28K
First Interstate BancSystem InDFND	COM	4.43M	SH	$143.81M 8.71%	64.53K	4.36M
BlackRock Fund AdvisorsDFND	CORE S&P MCP ETF	1.47M	SH	$91.53M 5.54%	1.47M	1.79K
BLACKROCK FUND ADVISORSDFND	HDG MSCI EAFE	2.51M	SH	$87.31M 5.29%	2.51M	3.48K
Vanguard ETF/USADFND	INTER TERM TREAS	1.30M	SH	$75.46M 4.57%	1.30M	1.72K
BlackRock Fund AdvisorsDFND	CORE S&P SCP ETF	653.69K	SH	$75.32M 4.56%	652.38K	1.31K
Invesco Capital Management LLCDFND	S&P500 EQL WGT	392.82K	SH	$68.83M 4.17%	392.34K	486.00
iShares ETFs/USADFND	IBONDS DEC 2032	2.20M	SH	$53.98M 3.27%	2.19M	3.06K
BlackRock Fund AdvisorsDFND	PFD AND INCM SEC	1.67M	SH	$52.64M 3.19%	1.67M	2.89K
iShares ETFs/USADFND	IBONDS DEC 2033	2.06M	SH	$51.66M 3.13%	2.06M	2.70K
Vanguard ETF/USADFND	MTG-BKD SECS ETF	1.11M	SH	$50.28M 3.04%	1.11M	1.49K
Global X Management Co LLCDFND	US INFR DEV ETF	1.17M	SH	$47.24M 2.86%	1.17M	1.37K
SELECT SECTOR SPDRDFND	TECHNOLOGY	140.61K	SH	$32.69M 1.98%	140.25K	353.00
Northern Trust Investments IncDFND	MORNSTAR UPSTR	706.52K	SH	$25.69M 1.56%	703.52K	3.01K
Apple IncDFND	COM	87.20K	SH	$21.84M 1.32%	77.49K	9.72K
SELECT SECTOR SPDRDFND	SBI HEALTHCARE	138.10K	SH	$19.00M 1.15%	137.64K	463.00
MICROSOFT CORPDFND	COM	44.77K	SH	$18.87M 1.14%	38.96K	5.81K
SSgA Funds Management IncDFND	COMMUNICATION	170.55K	SH	$16.51M 1.00%	170.41K	139.00
Amazon.com IncDFND	COM	73.68K	SH	$16.16M 0.98%	69.01K	4.67K
SELECT SECTOR SPDRDFND	FINANCIAL	281.32K	SH	$13.60M 0.82%	280.15K	1.16K
SELECT SECTOR SPDRDFND	ENERGY	154.91K	SH	$13.27M 0.80%	154.39K	522.00
ALPHABET INCDFND	CAP STK CL A	66.86K	SH	$12.66M 0.77%	61.48K	5.38K
SSgA Funds Management IncDFND	INDL	83.06K	SH	$10.94M 0.66%	82.81K	254.00
Berkshire Hathaway IncDFND	CL B NEW	22.82K	SH	$10.34M 0.63%	19.82K	3K

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