Q2 2026 13F · SEC CIK 1125727

First Interstate Bank

Bank & trustFiled 2026-07-24 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $1.9B
Reported positions: 196
Top holdings a year, 3 yrs: +10.8%
Average holding period: 6.1 yrs

First Interstate Bank is a bank & trust that reported 196 positions worth $1.9B in its Q2 2026 13F, filed 2026-07-24. Its largest holdings were First Intst Bancsystem Inc (FIBK, 9.3%), Vanguard Scottsdale Fds (VCIT, 9.3%), Ishares Core S&p 500 ETF (IVV, 8.3%). A portfolio copying its top holdings returned 10.8% a year over the last 3 years, against 20.4% for the S&P 500.

First Interstate Bank holdings largest 50 of 196 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

First Interstate Bank 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
FIBKFirst Intst Bancsystem Inc	9.3%	8.7%	4,614,432	-0.8%	$177.9M
VCITVanguard Scottsdale Fds	9.3%	9.0%	2,148,198	+10.5%	$177.5M
IVVIshares Core S&p 500 ETF	8.3%	7.6%	213,448	+3.5%	$159.8M
RSPInvesco S&p 500 Equal Weight ETF	8.1%	8.2%	730,736	-4.0%	$155.5M
IJHIshares Tr	6.3%	5.9%	1,563,909	+1.0%	$120.6M
VGITVanguard Intermediate Treasury ETF	5.9%	6.0%	1,927,652	+7.1%	$113.7M
IJRIshares Core S&p Small Cap ETF	5.1%	4.7%	657,052	-3.3%	$97.4M
PFFIshares Tr	4.9%	4.9%	3,052,764	+5.3%	$93.1M
VTIPVanguard Malvern Fds	4.1%	4.3%	1,568,915	+3.2%	$78.8M
VMBSVmbs	3.6%	3.6%	1,467,793	+6.4%	$68.7M
GUNRFlexshares Tr Mornstar Upstr	3.3%	4.1%	1,272,602	-3.2%	$62.7M
XLKState Street Technology Select Sector Sp	2.5%	1.9%	248,803	-4.3%	$47.4M
PAVEGlobal X Fds	2.3%	2.2%	755,645	-1.0%	$44.5M
AAPLApple Inc	1.2%	1.1%	76,399	-3.5%	$22.1M
GOOGLAlphabet Inc	1.1%	0.9%	59,031	+0.5%	$21.1M
XLISelect Sector Spdr Tr	1.0%	0.8%	107,075	+15.7%	$19.8M
XLVSelect Sector Spdr Tr	0.9%	0.9%	112,753	-1.9%	$17.9M
AMZNAmazon Com Inc Com	0.9%	0.8%	68,632	+0.5%	$16.4M
XLCSelect Sector Spdr Tr	0.8%	0.9%	147,712	+0.7%	$15.8M
XSDSpdr Series Trust	0.8%	0.5%	25,137	-4.4%	$15.7M
PANWPalo Alto Networks Inc	0.8%	0.4%	45,696	-2.1%	$15.6M
MSFTMicrosoft Corp	0.8%	0.9%	41,559	-0.9%	$15.5M
CSCOCisco Sys Inc	0.8%	0.6%	126,563	-3.5%	$14.9M
XLFSelect Sector Spdr Tr	0.7%	0.7%	246,550	-0.5%	$13.2M
XLEState Street Energy Select Sector Spdr E	0.6%	0.7%	206,153	-0.2%	$10.9M
BRK-BBerkshire Hathaway Inc Del	0.6%	0.6%	21,694	-0.7%	$10.9M
JPMJpmorgan Chase & Co	0.5%	0.5%	29,970	+1.5%	$9.8M
IBBIshares Tr	0.4%	0.4%	40,526	-1.4%	$7.7M
XLUSpdr	0.4%	0.4%	169,858	-2.3%	$7.7M
CGHMCapital Grp Fixed Incm ETF T	0.4%	0.3%	290,676	+49.5%	$7.5M
XLRESelect Sector Spdr Tr	0.4%	0.4%	159,445	-3.1%	$7.0M
AXPAmerican Express Co Com	0.4%	0.3%	20,721	+0.7%	$7.0M
XLBSelect Sector Spdr Tr	0.4%	0.4%	133,863	-1.0%	$6.8M
XLYConsumer Discretionary Select S	0.3%	0.3%	57,152	+0.5%	$6.7M
XLPState Street Consumer Staples Select Sec	0.3%	0.4%	77,282	-1.7%	$6.4M
NVDANvidia Corporation Com	0.3%	0.3%	31,915	+2.3%	$6.4M
WMTWalmart Inc	0.3%	0.4%	54,897	-1.5%	$6.2M
HEFAIShares Currency Hedged MSCI EAFE ETF	0.3%	0.3%	130,124	-5.4%	$6.1M
PFFDGlobal X Fds	0.3%	—	321,320	—	$6.0M
COSTCostco Whsl Corp New	0.3%	0.4%	6,399	+0.4%	$6.0M
MCDMcdonalds Corp Com	0.3%	0.4%	22,086	+0.3%	$6.0M
CCitigroup Inc Com New	0.3%	0.3%	42,574	-2.8%	$6.0M
PSPInvesco Exchange Traded Fd T	0.3%	—	104,099	—	$5.8M
BUGGlobal X Fds	0.3%	—	150,305	—	$5.7M
IEFiShs 7-10 ys Tsy	0.3%	0.3%	57,684	+7.5%	$5.5M
KRESpdr Series Trust	0.3%	0.3%	70,749	-2.0%	$5.3M
SPYSpdr S&p 500 ETF Tr	0.3%	—	6,989	—	$5.2M
GSEWGoldman Sachs Equal Weight U.s. Large Ca	0.3%	0.3%	54,987	-4.9%	$5.2M
DISDisney Walt Co	0.3%	0.3%	52,317	-1.4%	$5.0M
UNPUnion Pac Corp	0.2%	—	17,579	—	$4.8M

What First Interstate Bank bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

CGHM Capital Grp Fixed Incm ETF T+49.5% shares
XLI Select Sector Spdr Tr+15.7% shares
VCIT Vanguard Scottsdale Fds+10.5% shares
IEF iShs 7-10 ys Tsy+7.5% shares
VGIT Vanguard Intermediate Treasury ETF+7.1% shares
VMBS Vmbs+6.4% shares
PFF Ishares Tr+5.3% shares

Reduced

HEFA IShares Currency Hedged MSCI EAFE ETF-5.4% shares

Left the top 50

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +14.5% /yr; S&P 500 +20.1%
3 years: +10.8% /yr; S&P 500 +20.4%
5 years: +3.0% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$1.9B	196
Q1 2026	$1.8B	187
Q4 2025	$1.9B	199
Q3 2025	$1.8B	201
Q2 2025	$1.7B	181
Q1 2025	$1.7B	170
Q4 2024	$1.7B	179
Q3 2024	$1.6B	187
Q2 2024	$1.5B	169
Q1 2024	$1.4B	170
Q4 2023	$1.3B	159
Q3 2023	$1.2B	168

Questions about First Interstate Bank's portfolio

What stocks does First Interstate Bank own?

First Interstate Bank's latest 13F, for Q2 2026 and filed Jul 24, 2026, lists 196 positions worth $1.9B. The largest are First Intst Bancsystem Inc (FIBK) at 9.3%, Vanguard Scottsdale Fds (VCIT) at 9.3%, Ishares Core S&p 500 ETF (IVV) at 8.3%, Invesco S&p 500 Equal Weight ETF (RSP) at 8.1% and Ishares Tr (IJH) at 6.3%.

What did First Interstate Bank buy last quarter?

In Q2 2026, First Interstate Bank added Capital Grp Fixed Incm ETF T (CGHM) (+49.5% shares), Select Sector Spdr Tr (XLI) (+15.7% shares) and Vanguard Scottsdale Fds (VCIT) (+10.5% shares), compared with its Q1 2026 filing.

What did First Interstate Bank sell last quarter?

In Q2 2026, First Interstate Bank cut from its top 50 Ishares Tr (IBDY), cut from its top 50 Honeywell Intl Inc (HON), cut from its top 50 Lowes Cos Inc (LOW), cut from its top 50 Salesforce Inc Com (CRM), cut from its top 50 Abbott Laboratories (ABT) and IShares Currency Hedged MSCI EAFE ETF (HEFA) (-5.4% shares), compared with its Q1 2026 filing.

How has First Interstate Bank's portfolio performed?

A portfolio copying First Interstate Bank's 20 largest 13F holdings each quarter, from the day each filing was public, returned +10.8% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +14.5% against +20.1%. Over 5 years: +3.0% a year against +11.6%.

When is First Interstate Bank's next 13F filing due?

13F filings are due 45 days after each quarter ends. First Interstate Bank's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.