Filed: 4/30/2025ACC: 0001125727-25-000007
📋 What this filing means
FIRST INTERSTATE BANK filed this quarterly 13F‑HR report disclosing 170 equity positions with a total reported market value of $1.67B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
170
Positions
$1.67B
Total AUM (reported)
28.39M
Total Shares
Allocation by class
COM$353.16M21.1%
INT-TERM CORP$165.05M9.9%
S&P500 EQL WGT$141.99M8.5%
CORE S&P500 ETF$115.58M6.9%
INTER TERM TREAS$96.78M5.8%
PFD AND INCM SEC$92.47M5.5%
HDG MSCI EAFE$90.35M5.4%
Portfolio Concentration
Top 3$451.81M27.0%
4–10$607.65M36.3%
11–25$342.40M20.4%
Rest$272.98M16.3%
Top 3 weight
27.0%
Top 10 weight
63.3%
Voting Authority Distribution
Total shares with voting rights: 28.39M
Sole
Full voting authority
23.03M
shares
% of voting shares81.1%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
5.36M
shares
% of voting shares18.9%
Investment Discretion (by position count)
Sole38
Shared0
Other132
Dominant voting typeSole · 81.1% of voting shares
Institutional Holdings170
Rows:
VANGUARD SCOTTSDALE FDS
DFNDShares2.02M
TypeSH
Market value$165.05M
9.85%
Sole
2.01M
Shared
0.00
None
3.81K
FIRST INTST BANCSYSTEM INC
DFNDShares5.05M
TypeSH
Market value$144.78M
8.64%
Sole
61.07K
Shared
0.00
None
4.99M
INVESCO EXCHANGE TRADED FD T
DFNDShares819.63K
TypeSH
Market value$141.99M
8.48%
Sole
817.78K
Shared
0.00
None
1.85K
ISHARES TR
DFNDShares205.69K
TypeSH
Market value$115.58M
6.90%
Sole
205.52K
Shared
0.00
None
175.00
VANGUARD SCOTTSDALE FDS
DFNDShares1.63M
TypeSH
Market value$96.78M
5.78%
Sole
1.63M
Shared
0.00
None
3.56K
ISHARES TR
DFNDShares3.01M
TypeSH
Market value$92.47M
5.52%
Sole
3M
Shared
0.00
None
7.15K
ISHARES TR
DFNDShares2.49M
TypeSH
Market value$90.35M
5.39%
Sole
2.48M
Shared
0.00
None
5.56K
ISHARES TR
DFNDShares1.48M
TypeSH
Market value$86.33M
5.15%
Sole
1.48M
Shared
0.00
None
2.99K
ISHARES TR
DFNDShares666.52K
TypeSH
Market value$69.70M
4.16%
Sole
664.54K
Shared
0.00
None
1.97K
VANGUARD SCOTTSDALE FDS
DFNDShares1.22M
TypeSH
Market value$56.44M
3.37%
Sole
1.22M
Shared
0.00
None
2.43K
ISHARES TR
DFNDShares2.03M
TypeSH
Market value$50.75M
3.03%
Sole
2.03M
Shared
0.00
None
3.55K
ISHARES TR
DFNDShares1.91M
TypeSH
Market value$48.80M
2.91%
Sole
1.91M
Shared
0.00
None
3.18K
GLOBAL X FDS
DFNDShares1.22M
TypeSH
Market value$45.95M
2.74%
Sole
1.22M
Shared
0.00
None
2.39K
FLEXSHARES TR
DFNDShares778.11K
TypeSH
Market value$30.20M
1.80%
Sole
775.70K
Shared
0.00
None
2.42K
SELECT SECTOR SPDR TR
DFNDShares132.78K
TypeSH
Market value$27.42M
1.64%
Sole
132.34K
Shared
0.00
None
449.00
APPLE INC
DFNDShares82.97K
TypeSH
Market value$18.43M
1.10%
Sole
73.23K
Shared
0.00
None
9.74K
SELECT SECTOR SPDR TR
DFNDShares123.28K
TypeSH
Market value$18.00M
1.07%
Sole
122.76K
Shared
0.00
None
519.00
MICROSOFT CORP
DFNDShares43.19K
TypeSH
Market value$16.21M
0.97%
Sole
37.36K
Shared
0.00
None
5.83K
SELECT SECTOR SPDR TR
DFNDShares152.57K
TypeSH
Market value$14.72M
0.88%
Sole
152.36K
Shared
0.00
None
209.00
SELECT SECTOR SPDR TR
DFNDShares144.22K
TypeSH
Market value$13.48M
0.80%
Sole
143.62K
Shared
0.00
None
596.00
AMAZON COM INC
DFNDShares69.87K
TypeSH
Market value$13.29M
0.79%
Sole
65.13K
Shared
0.00
None
4.74K
SELECT SECTOR SPDR TR
DFNDShares259.69K
TypeSH
Market value$12.94M
0.77%
Sole
258.45K
Shared
0.00
None
1.24K
SELECT SECTOR SPDR TR
DFNDShares86.21K
TypeSH
Market value$11.30M
0.67%
Sole
85.83K
Shared
0.00
None
375.00
BERKSHIRE HATHAWAY INC DEL
DFNDShares20.85K
TypeSH
Market value$11.10M
0.66%
Sole
18.20K
Shared
0.00
None
2.65K
ALPHABET INC
DFNDShares63.50K
TypeSH
Market value$9.82M
0.59%
Sole
58.15K
Shared
0.00
None
5.35K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
VANGUARD SCOTTSDALE FDSDFND | INT-TERM CORP | 2.02M | SH | $165.05M 9.85% | 2.01M | 0.00 | 3.81K |
FIRST INTST BANCSYSTEM INCDFND | COM | 5.05M | SH | $144.78M 8.64% | 61.07K | 0.00 | 4.99M |
INVESCO EXCHANGE TRADED FD TDFND | S&P500 EQL WGT | 819.63K | SH | $141.99M 8.48% | 817.78K | 0.00 | 1.85K |
ISHARES TRDFND | CORE S&P500 ETF | 205.69K | SH | $115.58M 6.90% | 205.52K | 0.00 | 175.00 |
VANGUARD SCOTTSDALE FDSDFND | INTER TERM TREAS | 1.63M | SH | $96.78M 5.78% | 1.63M | 0.00 | 3.56K |
ISHARES TRDFND | PFD AND INCM SEC | 3.01M | SH | $92.47M 5.52% | 3M | 0.00 | 7.15K |
ISHARES TRDFND | HDG MSCI EAFE | 2.49M | SH | $90.35M 5.39% | 2.48M | 0.00 | 5.56K |
ISHARES TRDFND | CORE S&P MCP ETF | 1.48M | SH | $86.33M 5.15% | 1.48M | 0.00 | 2.99K |
ISHARES TRDFND | CORE S&P SCP ETF | 666.52K | SH | $69.70M 4.16% | 664.54K | 0.00 | 1.97K |
VANGUARD SCOTTSDALE FDSDFND | MTG-BKD SECS ETF | 1.22M | SH | $56.44M 3.37% | 1.22M | 0.00 | 2.43K |
ISHARES TRDFND | IBONDS DEC 2032 | 2.03M | SH | $50.75M 3.03% | 2.03M | 0.00 | 3.55K |
ISHARES TRDFND | IBONDS DEC 2033 | 1.91M | SH | $48.80M 2.91% | 1.91M | 0.00 | 3.18K |
GLOBAL X FDSDFND | US INFR DEV ETF | 1.22M | SH | $45.95M 2.74% | 1.22M | 0.00 | 2.39K |
FLEXSHARES TRDFND | MORNSTAR UPSTR | 778.11K | SH | $30.20M 1.80% | 775.70K | 0.00 | 2.42K |
SELECT SECTOR SPDR TRDFND | TECHNOLOGY | 132.78K | SH | $27.42M 1.64% | 132.34K | 0.00 | 449.00 |
APPLE INCDFND | COM | 82.97K | SH | $18.43M 1.10% | 73.23K | 0.00 | 9.74K |
SELECT SECTOR SPDR TRDFND | SBI HEALTHCARE | 123.28K | SH | $18.00M 1.07% | 122.76K | 0.00 | 519.00 |
MICROSOFT CORPDFND | COM | 43.19K | SH | $16.21M 0.97% | 37.36K | 0.00 | 5.83K |
SELECT SECTOR SPDR TRDFND | COMMUNICATION | 152.57K | SH | $14.72M 0.88% | 152.36K | 0.00 | 209.00 |
SELECT SECTOR SPDR TRDFND | ENERGY | 144.22K | SH | $13.48M 0.80% | 143.62K | 0.00 | 596.00 |
AMAZON COM INCDFND | COM | 69.87K | SH | $13.29M 0.79% | 65.13K | 0.00 | 4.74K |
SELECT SECTOR SPDR TRDFND | FINANCIAL | 259.69K | SH | $12.94M 0.77% | 258.45K | 0.00 | 1.24K |
SELECT SECTOR SPDR TRDFND | INDL | 86.21K | SH | $11.30M 0.67% | 85.83K | 0.00 | 375.00 |
BERKSHIRE HATHAWAY INC DELDFND | CL B NEW | 20.85K | SH | $11.10M 0.66% | 18.20K | 0.00 | 2.65K |
ALPHABET INCDFND | CAP STK CL A | 63.50K | SH | $9.82M 0.59% | 58.15K | 0.00 | 5.35K |
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