Filed: 7/30/2025ACC: 0001125727-25-000015
📋 What this filing means
FIRST INTERSTATE BANK filed this quarterly 13F‑HR report disclosing 181 equity positions with a total reported market value of $1.70B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
181
Positions
$1.70B
Total AUM (reported)
27.53M
Total Shares
Allocation by class
COM$364.95M21.4%
INT-TERM CORP$144.65M8.5%
S&P500 EQL WGT$136.41M8.0%
CORE S&P500 ETF$125.29M7.4%
INTER TERM TREAS$98.25M5.8%
CORE S&P MCP ETF$92.82M5.5%
PFD AND INCM SEC$87.90M5.2%
Portfolio Concentration
Top 3$422.97M24.9%
4–10$591.50M34.8%
11–25$384.97M22.6%
Rest$302.63M17.8%
Top 3 weight
24.9%
Top 10 weight
59.6%
Voting Authority Distribution
Total shares with voting rights: 27.53M
Sole
Full voting authority
22.30M
shares
% of voting shares81.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
5.23M
shares
% of voting shares19.0%
Investment Discretion (by position count)
Sole43
Shared0
Other138
Dominant voting typeSole · 81.0% of voting shares
Institutional Holdings181
Rows:
VANGUARD SCOTTSDALE FDS
DFNDShares1.74M
TypeSH
Market value$144.65M
8.50%
Sole
1.74M
Shared
0.00
None
3.36K
FIRST INTST BANCSYSTEM INC
DFNDShares4.92M
TypeSH
Market value$141.91M
8.34%
Sole
61.07K
Shared
0.00
None
4.86M
INVESCO EXCHANGE TRADED FD T
DFNDShares750.60K
TypeSH
Market value$136.41M
8.01%
Sole
748.76K
Shared
0.00
None
1.83K
ISHARES TR
DFNDShares201.79K
TypeSH
Market value$125.29M
7.36%
Sole
201.61K
Shared
0.00
None
178.00
VANGUARD SCOTTSDALE FDS
DFNDShares1.64M
TypeSH
Market value$98.25M
5.77%
Sole
1.64M
Shared
0.00
None
3.44K
ISHARES TR
DFNDShares1.50M
TypeSH
Market value$92.82M
5.45%
Sole
1.49M
Shared
0.00
None
2.96K
ISHARES TR
DFNDShares2.87M
TypeSH
Market value$87.90M
5.16%
Sole
2.86M
Shared
0.00
None
7.15K
ISHARES TR
DFNDShares664.70K
TypeSH
Market value$72.64M
4.27%
Sole
662.73K
Shared
0.00
None
1.97K
VANGUARD SCOTTSDALE FDS
DFNDShares1.24M
TypeSH
Market value$57.59M
3.38%
Sole
1.24M
Shared
0.00
None
2.43K
FLEXSHARES TR
DFNDShares1.42M
TypeSH
Market value$57.01M
3.35%
Sole
1.42M
Shared
0.00
None
3.91K
ISHARES TR
DFNDShares1.45M
TypeSH
Market value$55.17M
3.24%
Sole
1.45M
Shared
0.00
None
3.65K
GLOBAL X FDS
DFNDShares1.19M
TypeSH
Market value$52.06M
3.06%
Sole
1.19M
Shared
0.00
None
2.48K
ISHARES TR
DFNDShares1.99M
TypeSH
Market value$50.22M
2.95%
Sole
1.98M
Shared
0.00
None
3.55K
ISHARES TR
DFNDShares1.87M
TypeSH
Market value$48.36M
2.84%
Sole
1.86M
Shared
0.00
None
3.18K
SELECT SECTOR SPDR TR
DFNDShares131.56K
TypeSH
Market value$33.32M
1.96%
Sole
131.01K
Shared
0.00
None
554.00
MICROSOFT CORP
DFNDShares42.96K
TypeSH
Market value$21.37M
1.26%
Sole
37.23K
Shared
0.00
None
5.73K
APPLE INC
DFNDShares82.26K
TypeSH
Market value$16.88M
0.99%
Sole
72.56K
Shared
0.00
None
9.70K
SELECT SECTOR SPDR TR
DFNDShares121.82K
TypeSH
Market value$16.42M
0.96%
Sole
121.30K
Shared
0.00
None
519.00
SELECT SECTOR SPDR TR
DFNDShares150.02K
TypeSH
Market value$16.28M
0.96%
Sole
149.81K
Shared
0.00
None
209.00
AMAZON COM INC
DFNDShares70.57K
TypeSH
Market value$15.48M
0.91%
Sole
65.90K
Shared
0.00
None
4.67K
SELECT SECTOR SPDR TR
DFNDShares252.19K
TypeSH
Market value$13.21M
0.78%
Sole
250.95K
Shared
0.00
None
1.24K
SELECT SECTOR SPDR TR
DFNDShares84.78K
TypeSH
Market value$12.51M
0.73%
Sole
84.29K
Shared
0.00
None
490.00
SELECT SECTOR SPDR TR
DFNDShares144.12K
TypeSH
Market value$12.22M
0.72%
Sole
143.53K
Shared
0.00
None
596.00
ALPHABET INC
DFNDShares62.89K
TypeSH
Market value$11.08M
0.65%
Sole
57.56K
Shared
0.00
None
5.33K
PALO ALTO NETWORKS INC
DFNDShares50.80K
TypeSH
Market value$10.40M
0.61%
Sole
50.39K
Shared
0.00
None
418.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
VANGUARD SCOTTSDALE FDSDFND | INT-TERM CORP | 1.74M | SH | $144.65M 8.50% | 1.74M | 0.00 | 3.36K |
FIRST INTST BANCSYSTEM INCDFND | COM | 4.92M | SH | $141.91M 8.34% | 61.07K | 0.00 | 4.86M |
INVESCO EXCHANGE TRADED FD TDFND | S&P500 EQL WGT | 750.60K | SH | $136.41M 8.01% | 748.76K | 0.00 | 1.83K |
ISHARES TRDFND | CORE S&P500 ETF | 201.79K | SH | $125.29M 7.36% | 201.61K | 0.00 | 178.00 |
VANGUARD SCOTTSDALE FDSDFND | INTER TERM TREAS | 1.64M | SH | $98.25M 5.77% | 1.64M | 0.00 | 3.44K |
ISHARES TRDFND | CORE S&P MCP ETF | 1.50M | SH | $92.82M 5.45% | 1.49M | 0.00 | 2.96K |
ISHARES TRDFND | PFD AND INCM SEC | 2.87M | SH | $87.90M 5.16% | 2.86M | 0.00 | 7.15K |
ISHARES TRDFND | CORE S&P SCP ETF | 664.70K | SH | $72.64M 4.27% | 662.73K | 0.00 | 1.97K |
VANGUARD SCOTTSDALE FDSDFND | MTG-BKD SECS ETF | 1.24M | SH | $57.59M 3.38% | 1.24M | 0.00 | 2.43K |
FLEXSHARES TRDFND | MORNSTAR UPSTR | 1.42M | SH | $57.01M 3.35% | 1.42M | 0.00 | 3.91K |
ISHARES TRDFND | HDG MSCI EAFE | 1.45M | SH | $55.17M 3.24% | 1.45M | 0.00 | 3.65K |
GLOBAL X FDSDFND | US INFR DEV ETF | 1.19M | SH | $52.06M 3.06% | 1.19M | 0.00 | 2.48K |
ISHARES TRDFND | IBONDS DEC 2032 | 1.99M | SH | $50.22M 2.95% | 1.98M | 0.00 | 3.55K |
ISHARES TRDFND | IBONDS DEC 2033 | 1.87M | SH | $48.36M 2.84% | 1.86M | 0.00 | 3.18K |
SELECT SECTOR SPDR TRDFND | TECHNOLOGY | 131.56K | SH | $33.32M 1.96% | 131.01K | 0.00 | 554.00 |
MICROSOFT CORPDFND | COM | 42.96K | SH | $21.37M 1.26% | 37.23K | 0.00 | 5.73K |
APPLE INCDFND | COM | 82.26K | SH | $16.88M 0.99% | 72.56K | 0.00 | 9.70K |
SELECT SECTOR SPDR TRDFND | SBI HEALTHCARE | 121.82K | SH | $16.42M 0.96% | 121.30K | 0.00 | 519.00 |
SELECT SECTOR SPDR TRDFND | COMMUNICATION | 150.02K | SH | $16.28M 0.96% | 149.81K | 0.00 | 209.00 |
AMAZON COM INCDFND | COM | 70.57K | SH | $15.48M 0.91% | 65.90K | 0.00 | 4.67K |
SELECT SECTOR SPDR TRDFND | FINANCIAL | 252.19K | SH | $13.21M 0.78% | 250.95K | 0.00 | 1.24K |
SELECT SECTOR SPDR TRDFND | INDL | 84.78K | SH | $12.51M 0.73% | 84.29K | 0.00 | 490.00 |
SELECT SECTOR SPDR TRDFND | ENERGY | 144.12K | SH | $12.22M 0.72% | 143.53K | 0.00 | 596.00 |
ALPHABET INCDFND | CAP STK CL A | 62.89K | SH | $11.08M 0.65% | 57.56K | 0.00 | 5.33K |
PALO ALTO NETWORKS INCDFND | COM | 50.80K | SH | $10.40M 0.61% | 50.39K | 0.00 | 418.00 |
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