Filed: 10/29/2025ACC: 0001125727-25-000021
📋 What this filing means
FIRST INTERSTATE BANK filed this quarterly 13F‑HR report disclosing 201 equity positions with a total reported market value of $1.81B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
201
Positions
$1.81B
Total AUM (reported)
27.73M
Total Shares
Allocation by class
COM$396.64M21.9%
INT-TERM CORP$149.64M8.3%
S&P500 EQL WGT$141.98M7.8%
CORE S&P500 ETF$134.74M7.4%
INTER TERM TREAS$100.73M5.6%
CORE S&P MCP ETF$97.81M5.4%
PFD AND INCM SEC$90.81M5.0%
Portfolio Concentration
Top 3$441.22M24.4%
4–10$627.07M34.6%
11–25$411.80M22.7%
Rest$331.03M18.3%
Top 3 weight
24.4%
Top 10 weight
59.0%
Voting Authority Distribution
Total shares with voting rights: 27.73M
Sole
Full voting authority
22.76M
shares
% of voting shares82.1%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
4.97M
shares
% of voting shares17.9%
Investment Discretion (by position count)
Sole59
Shared0
Other142
Dominant voting typeSole · 82.1% of voting shares
Institutional Holdings201
Rows:
VANGUARD SCOTTSDALE FDS
DFNDShares1.78M
TypeSH
Market value$149.64M
8.26%
Sole
1.78M
Shared
0.00
None
2.51K
FIRST INTST BANCSYSTEM INC
DFNDShares4.69M
TypeSH
Market value$149.60M
8.26%
Sole
92.33K
Shared
0.00
None
4.60M
INVESCO EXCHANGE TRADED FD T
DFNDShares748.45K
TypeSH
Market value$141.98M
7.84%
Sole
746.52K
Shared
0.00
None
1.93K
ISHARES TR
DFNDShares201.31K
TypeSH
Market value$134.74M
7.44%
Sole
201.19K
Shared
0.00
None
125.00
VANGUARD SCOTTSDALE FDS
DFNDShares1.68M
TypeSH
Market value$100.73M
5.56%
Sole
1.67M
Shared
0.00
None
3.17K
ISHARES TR
DFNDShares1.50M
TypeSH
Market value$97.81M
5.40%
Sole
1.50M
Shared
0.00
None
2.82K
ISHARES TR
DFNDShares2.87M
TypeSH
Market value$90.81M
5.01%
Sole
2.87M
Shared
0.00
None
6.85K
ISHARES TR
DFNDShares669.22K
TypeSH
Market value$79.52M
4.39%
Sole
667.29K
Shared
0.00
None
1.93K
FLEXSHARES TR
DFNDShares1.46M
TypeSH
Market value$63.89M
3.53%
Sole
1.46M
Shared
0.00
None
3.81K
VANGUARD SCOTTSDALE FDS
DFNDShares1.27M
TypeSH
Market value$59.56M
3.29%
Sole
1.27M
Shared
0.00
None
2.26K
GLOBAL X FDS
DFNDShares1.20M
TypeSH
Market value$57.05M
3.15%
Sole
1.20M
Shared
0.00
None
2.36K
ISHARES TR
DFNDShares1.43M
TypeSH
Market value$56.82M
3.14%
Sole
1.43M
Shared
0.00
None
3.39K
ISHARES TR
DFNDShares2.01M
TypeSH
Market value$51.51M
2.84%
Sole
2.01M
Shared
0.00
None
3.08K
ISHARES TR
DFNDShares1.89M
TypeSH
Market value$49.62M
2.74%
Sole
1.89M
Shared
0.00
None
2.74K
SELECT SECTOR SPDR TR
DFNDShares129.15K
TypeSH
Market value$36.40M
2.01%
Sole
128.59K
Shared
0.00
None
554.00
MICROSOFT CORP
DFNDShares42.72K
TypeSH
Market value$22.13M
1.22%
Sole
37.02K
Shared
0.00
None
5.70K
APPLE INC
DFNDShares82.63K
TypeSH
Market value$21.04M
1.16%
Sole
72.96K
Shared
0.00
None
9.67K
SELECT SECTOR SPDR TR
DFNDShares146.93K
TypeSH
Market value$17.39M
0.96%
Sole
146.72K
Shared
0.00
None
209.00
SELECT SECTOR SPDR TR
DFNDShares119.61K
TypeSH
Market value$16.65M
0.92%
Sole
119.09K
Shared
0.00
None
519.00
AMAZON COM INC
DFNDShares70.24K
TypeSH
Market value$15.42M
0.85%
Sole
65.59K
Shared
0.00
None
4.66K
ALPHABET INC
DFNDShares61.55K
TypeSH
Market value$14.96M
0.83%
Sole
56.32K
Shared
0.00
None
5.23K
SELECT SECTOR SPDR TR
DFNDShares96.90K
TypeSH
Market value$14.94M
0.83%
Sole
96.38K
Shared
0.00
None
518.00
SELECT SECTOR SPDR TR
DFNDShares248.74K
TypeSH
Market value$13.40M
0.74%
Sole
247.50K
Shared
0.00
None
1.24K
SELECT SECTOR SPDR TR
DFNDShares142.19K
TypeSH
Market value$12.70M
0.70%
Sole
141.59K
Shared
0.00
None
596.00
BERKSHIRE HATHAWAY INC DEL
DFNDShares23.39K
TypeSH
Market value$11.76M
0.65%
Sole
20.75K
Shared
0.00
None
2.64K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
VANGUARD SCOTTSDALE FDSDFND | INT-TERM CORP | 1.78M | SH | $149.64M 8.26% | 1.78M | 0.00 | 2.51K |
FIRST INTST BANCSYSTEM INCDFND | COM | 4.69M | SH | $149.60M 8.26% | 92.33K | 0.00 | 4.60M |
INVESCO EXCHANGE TRADED FD TDFND | S&P500 EQL WGT | 748.45K | SH | $141.98M 7.84% | 746.52K | 0.00 | 1.93K |
ISHARES TRDFND | CORE S&P500 ETF | 201.31K | SH | $134.74M 7.44% | 201.19K | 0.00 | 125.00 |
VANGUARD SCOTTSDALE FDSDFND | INTER TERM TREAS | 1.68M | SH | $100.73M 5.56% | 1.67M | 0.00 | 3.17K |
ISHARES TRDFND | CORE S&P MCP ETF | 1.50M | SH | $97.81M 5.40% | 1.50M | 0.00 | 2.82K |
ISHARES TRDFND | PFD AND INCM SEC | 2.87M | SH | $90.81M 5.01% | 2.87M | 0.00 | 6.85K |
ISHARES TRDFND | CORE S&P SCP ETF | 669.22K | SH | $79.52M 4.39% | 667.29K | 0.00 | 1.93K |
FLEXSHARES TRDFND | MORNSTAR UPSTR | 1.46M | SH | $63.89M 3.53% | 1.46M | 0.00 | 3.81K |
VANGUARD SCOTTSDALE FDSDFND | MTG-BKD SECS ETF | 1.27M | SH | $59.56M 3.29% | 1.27M | 0.00 | 2.26K |
GLOBAL X FDSDFND | US INFR DEV ETF | 1.20M | SH | $57.05M 3.15% | 1.20M | 0.00 | 2.36K |
ISHARES TRDFND | HDG MSCI EAFE | 1.43M | SH | $56.82M 3.14% | 1.43M | 0.00 | 3.39K |
ISHARES TRDFND | IBONDS DEC 2032 | 2.01M | SH | $51.51M 2.84% | 2.01M | 0.00 | 3.08K |
ISHARES TRDFND | IBONDS DEC 2033 | 1.89M | SH | $49.62M 2.74% | 1.89M | 0.00 | 2.74K |
SELECT SECTOR SPDR TRDFND | TECHNOLOGY | 129.15K | SH | $36.40M 2.01% | 128.59K | 0.00 | 554.00 |
MICROSOFT CORPDFND | COM | 42.72K | SH | $22.13M 1.22% | 37.02K | 0.00 | 5.70K |
APPLE INCDFND | COM | 82.63K | SH | $21.04M 1.16% | 72.96K | 0.00 | 9.67K |
SELECT SECTOR SPDR TRDFND | COMMUNICATION | 146.93K | SH | $17.39M 0.96% | 146.72K | 0.00 | 209.00 |
SELECT SECTOR SPDR TRDFND | SBI HEALTHCARE | 119.61K | SH | $16.65M 0.92% | 119.09K | 0.00 | 519.00 |
AMAZON COM INCDFND | COM | 70.24K | SH | $15.42M 0.85% | 65.59K | 0.00 | 4.66K |
ALPHABET INCDFND | CAP STK CL A | 61.55K | SH | $14.96M 0.83% | 56.32K | 0.00 | 5.23K |
SELECT SECTOR SPDR TRDFND | INDL | 96.90K | SH | $14.94M 0.83% | 96.38K | 0.00 | 518.00 |
SELECT SECTOR SPDR TRDFND | FINANCIAL | 248.74K | SH | $13.40M 0.74% | 247.50K | 0.00 | 1.24K |
SELECT SECTOR SPDR TRDFND | ENERGY | 142.19K | SH | $12.70M 0.70% | 141.59K | 0.00 | 596.00 |
BERKSHIRE HATHAWAY INC DELDFND | CL B NEW | 23.39K | SH | $11.76M 0.65% | 20.75K | 0.00 | 2.64K |
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