Filed: 1/29/2026ACC: 0001125727-26-000009
📋 What this filing means
FIRST INTERSTATE BANK filed this quarterly 13F‑HR report disclosing 199 equity positions with a total reported market value of $1.86B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
199
Positions
$1.86B
Total AUM (reported)
27.86M
Total Shares
Allocation by class
COM$393.85M21.1%
INT-TERM CORP$152.22M8.2%
S&P500 EQL WGT$144.89M7.8%
CORE S&P500 ETF$138.82M7.4%
INTER TERM TREAS$103.68M5.6%
CORE S&P MCP ETF$100.16M5.4%
PFD AND INCM SEC$89.98M4.8%
Portfolio Concentration
Top 3$458.53M24.6%
4–10$649.97M34.9%
11–25$429.44M23.0%
Rest$325.58M17.5%
Top 3 weight
24.6%
Top 10 weight
59.5%
Voting Authority Distribution
Total shares with voting rights: 27.86M
Sole
Full voting authority
22.97M
shares
% of voting shares82.4%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
4.89M
shares
% of voting shares17.6%
Investment Discretion (by position count)
Sole73
Shared0
Other126
Dominant voting typeSole · 82.4% of voting shares
Institutional Holdings199
Rows:
FIRST INTST BANCSYSTEM INC
DFNDShares4.67M
TypeSH
Market value$161.42M
8.66%
Sole
91.07K
Shared
0.00
None
4.57M
VANGUARD SCOTTSDALE FDS
DFNDShares1.82M
TypeSH
Market value$152.22M
8.17%
Sole
1.82M
Shared
0.00
None
2.28K
INVESCO EXCHANGE TRADED FD T
DFNDShares756.37K
TypeSH
Market value$144.89M
7.78%
Sole
754.89K
Shared
0.00
None
1.48K
ISHARES TR
DFNDShares202.68K
TypeSH
Market value$138.82M
7.45%
Sole
202.61K
Shared
0.00
None
70.00
VANGUARD SCOTTSDALE FDS
DFNDShares1.73M
TypeSH
Market value$103.68M
5.56%
Sole
1.73M
Shared
0.00
None
2.94K
ISHARES TR
DFNDShares1.52M
TypeSH
Market value$100.16M
5.37%
Sole
1.52M
Shared
0.00
None
2.52K
ISHARES TR
DFNDShares2.91M
TypeSH
Market value$89.98M
4.83%
Sole
2.90M
Shared
0.00
None
5.93K
ISHARES TR
DFNDShares674.90K
TypeSH
Market value$81.11M
4.35%
Sole
673.13K
Shared
0.00
None
1.77K
FLEXSHARES TR
DFNDShares1.49M
TypeSH
Market value$68.17M
3.66%
Sole
1.48M
Shared
0.00
None
3.60K
VANGUARD MALVERN FDS
DFNDShares1.38M
TypeSH
Market value$68.06M
3.65%
Sole
1.37M
Shared
0.00
None
1.54K
VANGUARD SCOTTSDALE FDS
DFNDShares1.33M
TypeSH
Market value$62.85M
3.37%
Sole
1.33M
Shared
0.00
None
1.72K
ISHARES TR
DFNDShares1.43M
TypeSH
Market value$58.98M
3.16%
Sole
1.42M
Shared
0.00
None
2.72K
GLOBAL X FDS
DFNDShares1.21M
TypeSH
Market value$57.97M
3.11%
Sole
1.21M
Shared
0.00
None
2.02K
ISHARES TR
DFNDShares1.90M
TypeSH
Market value$49.73M
2.67%
Sole
1.90M
Shared
0.00
None
2.57K
SELECT SECTOR SPDR TR
DFNDShares255.07K
TypeSH
Market value$36.72M
1.97%
Sole
254.20K
Shared
0.00
None
872.00
APPLE INC
DFNDShares77.86K
TypeSH
Market value$21.17M
1.14%
Sole
69.90K
Shared
0.00
None
7.96K
MICROSOFT CORP
DFNDShares41.59K
TypeSH
Market value$20.12M
1.08%
Sole
36.61K
Shared
0.00
None
4.98K
ALPHABET INC
DFNDShares59.16K
TypeSH
Market value$18.52M
0.99%
Sole
53.93K
Shared
0.00
None
5.23K
SELECT SECTOR SPDR TR
DFNDShares117.01K
TypeSH
Market value$18.11M
0.97%
Sole
116.51K
Shared
0.00
None
494.00
SELECT SECTOR SPDR TR
DFNDShares144K
TypeSH
Market value$16.95M
0.91%
Sole
143.79K
Shared
0.00
None
209.00
AMAZON COM INC
DFNDShares69.28K
TypeSH
Market value$15.99M
0.86%
Sole
64.63K
Shared
0.00
None
4.66K
SELECT SECTOR SPDR TR
DFNDShares94.22K
TypeSH
Market value$14.61M
0.78%
Sole
93.81K
Shared
0.00
None
403.00
SELECT SECTOR SPDR TR
DFNDShares247.57K
TypeSH
Market value$13.56M
0.73%
Sole
246.33K
Shared
0.00
None
1.24K
SELECT SECTOR SPDR TR
DFNDShares284.47K
TypeSH
Market value$12.72M
0.68%
Sole
283.28K
Shared
0.00
None
1.19K
BERKSHIRE HATHAWAY INC DEL
DFNDShares22.77K
TypeSH
Market value$11.44M
0.61%
Sole
20.82K
Shared
0.00
None
1.94K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
FIRST INTST BANCSYSTEM INCDFND | COM | 4.67M | SH | $161.42M 8.66% | 91.07K | 0.00 | 4.57M |
VANGUARD SCOTTSDALE FDSDFND | INT-TERM CORP | 1.82M | SH | $152.22M 8.17% | 1.82M | 0.00 | 2.28K |
INVESCO EXCHANGE TRADED FD TDFND | S&P500 EQL WGT | 756.37K | SH | $144.89M 7.78% | 754.89K | 0.00 | 1.48K |
ISHARES TRDFND | CORE S&P500 ETF | 202.68K | SH | $138.82M 7.45% | 202.61K | 0.00 | 70.00 |
VANGUARD SCOTTSDALE FDSDFND | INTER TERM TREAS | 1.73M | SH | $103.68M 5.56% | 1.73M | 0.00 | 2.94K |
ISHARES TRDFND | CORE S&P MCP ETF | 1.52M | SH | $100.16M 5.37% | 1.52M | 0.00 | 2.52K |
ISHARES TRDFND | PFD AND INCM SEC | 2.91M | SH | $89.98M 4.83% | 2.90M | 0.00 | 5.93K |
ISHARES TRDFND | CORE S&P SCP ETF | 674.90K | SH | $81.11M 4.35% | 673.13K | 0.00 | 1.77K |
FLEXSHARES TRDFND | MORNSTAR UPSTR | 1.49M | SH | $68.17M 3.66% | 1.48M | 0.00 | 3.60K |
VANGUARD MALVERN FDSDFND | STRM INFPROIDX | 1.38M | SH | $68.06M 3.65% | 1.37M | 0.00 | 1.54K |
VANGUARD SCOTTSDALE FDSDFND | MTG-BKD SECS ETF | 1.33M | SH | $62.85M 3.37% | 1.33M | 0.00 | 1.72K |
ISHARES TRDFND | HDG MSCI EAFE | 1.43M | SH | $58.98M 3.16% | 1.42M | 0.00 | 2.72K |
GLOBAL X FDSDFND | US INFR DEV ETF | 1.21M | SH | $57.97M 3.11% | 1.21M | 0.00 | 2.02K |
ISHARES TRDFND | IBONDS DEC 2033 | 1.90M | SH | $49.73M 2.67% | 1.90M | 0.00 | 2.57K |
SELECT SECTOR SPDR TRDFND | TECHNOLOGY | 255.07K | SH | $36.72M 1.97% | 254.20K | 0.00 | 872.00 |
APPLE INCDFND | COM | 77.86K | SH | $21.17M 1.14% | 69.90K | 0.00 | 7.96K |
MICROSOFT CORPDFND | COM | 41.59K | SH | $20.12M 1.08% | 36.61K | 0.00 | 4.98K |
ALPHABET INCDFND | CAP STK CL A | 59.16K | SH | $18.52M 0.99% | 53.93K | 0.00 | 5.23K |
SELECT SECTOR SPDR TRDFND | SBI HEALTHCARE | 117.01K | SH | $18.11M 0.97% | 116.51K | 0.00 | 494.00 |
SELECT SECTOR SPDR TRDFND | COMMUNICATION | 144K | SH | $16.95M 0.91% | 143.79K | 0.00 | 209.00 |
AMAZON COM INCDFND | COM | 69.28K | SH | $15.99M 0.86% | 64.63K | 0.00 | 4.66K |
SELECT SECTOR SPDR TRDFND | INDL | 94.22K | SH | $14.61M 0.78% | 93.81K | 0.00 | 403.00 |
SELECT SECTOR SPDR TRDFND | FINANCIAL | 247.57K | SH | $13.56M 0.73% | 246.33K | 0.00 | 1.24K |
SELECT SECTOR SPDR TRDFND | ENERGY | 284.47K | SH | $12.72M 0.68% | 283.28K | 0.00 | 1.19K |
BERKSHIRE HATHAWAY INC DELDFND | CL B NEW | 22.77K | SH | $11.44M 0.61% | 20.82K | 0.00 | 1.94K |
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