First Interstate Bank
13F holdings for Q2 2026 · Billings, MT · filed July 24, 2026
First Interstate Bank reported $1.9B in 13F securities across 196 holdings for Q2 2026, in a Form 13F filed July 24, 2026. The largest positions were FIBK (9.3%), VCIT (9.3%), iShares TR (8.3%). Reported value rose 7.7% from the quarter before. It opened 17 new positions, added to 63, trimmed 72 and sold out of 8.
- 13F value Q2 2026
- $1.9B
- Holdings
- 196
- Change vs prior quarter
- +7.7%
- Rank by 13F value
- #1,669
Holdings as of June 30, 2026, the end of Q2 2026. Managers have 45 days after a quarter ends to file Form 13F (by August 14, 2026 for Q2 2026), so positions may have changed since.
Top holdings
| Stock | Value | Weight | Shares | Change in shares | Move |
|---|---|---|---|---|---|
| FIBK First Interstate BancSystem Inc. | $178M | 9.3% | 4,614,432 | -0.8% | Trimmed |
| VCIT Vanguard Intermediate-Term Corporate Bond ETF | $178M | 9.3% | 2,148,198 | +10.5% | Added |
| iShares TR | $160M | 8.3% | 213,448 | +3.5% | Added |
| Invesco Exchange Traded FD T | $155M | 8.1% | 730,736 | -4.0% | Trimmed |
| iShares Core S&P Mid-Cap ETF | $121M | 6.3% | 1,563,909 | +1.0% | Added |
| VGIT Vanguard Intermediate-Term Treasury ETF | $114M | 5.9% | 1,927,652 | +7.1% | Added |
| iShares Core S&P Small Cap ETF | $97.4M | 5.1% | 657,052 | -3.3% | Trimmed |
| PFF iShares Preferred and Income Securities ETF | $93.1M | 4.9% | 3,052,764 | +5.3% | Added |
| VTIP Vanguard Short-Term Inflation-Protected Securities Index Fund | $78.8M | 4.1% | 1,568,915 | +3.2% | Added |
| VMBS Vanguard Mortgage-Backed Securities ETF | $68.7M | 3.6% | 1,467,793 | +6.4% | Added |
| Flexshares TR | $62.7M | 3.3% | 1,272,602 | -3.2% | Trimmed |
| Select Sector SPDR TR | $47.4M | 2.5% | 248,803 | -4.3% | Trimmed |
| Global X FDS | $44.5M | 2.3% | 755,645 | -1.0% | Trimmed |
| AAPL Apple Inc. | $22.1M | 1.2% | 76,399 | -3.5% | Trimmed |
| GOOGL Alphabet Inc. | $21.1M | 1.1% | 59,031 | +0.5% | Added |
| Select Sector SPDR TR | $19.8M | 1.0% | 107,075 | +15.7% | Added |
| Select Sector SPDR TR | $17.9M | 0.9% | 112,753 | -1.9% | Trimmed |
| AMZN Amazon.com Inc. | $16.4M | 0.9% | 68,632 | +0.5% | Added |
| Select Sector SPDR TR | $15.8M | 0.8% | 147,712 | +0.7% | Added |
| SPDR Series Trust | $15.7M | 0.8% | 25,137 | -4.4% | Trimmed |
| PANW Palo Alto Networks Inc. | $15.6M | 0.8% | 45,696 | -2.1% | Trimmed |
| MSFT Microsoft Corporation | $15.5M | 0.8% | 41,559 | -0.9% | Trimmed |
| CSCO Cisco Systems Inc. | $14.9M | 0.8% | 126,563 | -3.5% | Trimmed |
| Select Sector SPDR TR | $13.2M | 0.7% | 246,550 | -0.5% | Trimmed |
| Select Sector SPDR TR | $10.9M | 0.6% | 206,153 | -0.2% | Trimmed |
Share positions only, at the value reported for the end of Q2 2026. Weight is the share of $1.9B in share positions; options and bonds count in the 13F value but not here.
Biggest buys in Q2 2026
- VCIT Vanguard Intermediate-Term Corporate Bond ETF Added+$16.9M
- VGIT Vanguard Intermediate-Term Treasury ETF Added+$7.5M
- Invesco Exchange Traded FD T New+$5.8M
- iShares TR Added+$5.4M
- PFF iShares Preferred and Income Securities ETF Added+$4.7M
- VMBS Vanguard Mortgage-Backed Securities ETF Added+$4.1M
- Select Sector SPDR TR Added+$2.7M
- Capital GRP Fixed Incm ETF T Added+$2.5M
- VTIP Vanguard Short-Term Inflation-Protected Securities Index Fund Added+$2.4M
- Global X FDS Added+$2.2M
Biggest sells in Q2 2026
- iShares TR Trimmed-$46.9M
- Invesco Exchange Traded FD T Trimmed-$6.5M
- Honeywell Intl Inc Sold out-$5.6M
- BX Blackstone Inc. Trimmed-$3.8M
- iShares Core S&P Small Cap ETF Trimmed-$3.4M
- MDLZ Mondelez International Inc. Trimmed-$3.1M
- MU Micron Technology Inc. Trimmed-$2.3M
- KKR KKR & Co. Inc. Sold out-$2.2M
- Select Sector SPDR TR Trimmed-$2.1M
- Flexshares TR Trimmed-$2.1M
The change in shares since Q1 2026, adjusted for stock splits and priced at the Q2 2026 value per share. 17 new, 63 added, 72 trimmed, 8 sold out.
Sector mix
- Not listed with us47.5%
- n/a28.8%
- Finance10.8%
- Technology5.8%
- Consumer Discretionary2.7%
- Funds and other1.0%
- Industrials0.8%
- Health Care0.8%
- Telecommunications0.8%
- Energy0.4%
- Consumer Staples0.2%
- Basic Materials0.1%
13F value by quarter
Q1 '24
Q2 '24
Q3 '24
Q4 '24
Q1 '25
Q2 '25
Q3 '25
Q4 '25
Q1 '26
Q2 '26
More holdings
| Stock | Value | Weight | Shares | Change in shares | Move |
|---|---|---|---|---|---|
| BRK.B Berkshire Hathaway Inc. | $10.9M | 0.6% | 21,694 | -0.7% | Trimmed |
| JPM JP Morgan Chase & Co. | $9.8M | 0.5% | 29,970 | +1.5% | Added |
| IBB iShares Nasdaq Biotechnology Index Fund | $7.7M | 0.4% | 40,526 | -1.4% | Trimmed |
| Select Sector SPDR TR | $7.7M | 0.4% | 169,858 | -2.3% | Trimmed |
| Capital GRP Fixed Incm ETF T | $7.5M | 0.4% | 290,676 | +49.5% | Added |
| Select Sector SPDR TR | $7.0M | 0.4% | 159,445 | -3.1% | Trimmed |
| AXP American Express Company | $7.0M | 0.4% | 20,721 | +0.7% | Added |
| Select Sector SPDR TR | $6.8M | 0.4% | 133,863 | -1.0% | Trimmed |
| Select Sector SPDR TR | $6.7M | 0.3% | 57,152 | +0.5% | Added |
| Select Sector SPDR TR | $6.4M | 0.3% | 77,282 | -1.7% | Trimmed |
| NVDA NVIDIA Corporation | $6.4M | 0.3% | 31,915 | +2.3% | Added |
| WMT Walmart Inc. | $6.2M | 0.3% | 54,897 | -1.5% | Trimmed |
| iShares TR | $6.1M | 0.3% | 130,124 | -5.4% | Trimmed |
| Global X FDS | $6.0M | 0.3% | 321,320 | +56.9% | Added |
| COST Costco Wholesale Corporation | $6.0M | 0.3% | 6,399 | +0.4% | Added |
| MCD McDonald's Corporation | $6.0M | 0.3% | 22,086 | +0.3% | Added |
| C Citigroup Inc. | $6.0M | 0.3% | 42,574 | -2.8% | Trimmed |
| Invesco Exchange Traded FD T | $5.8M | 0.3% | 104,099 | New | New |
| BUG Global X Cybersecurity ETF | $5.7M | 0.3% | 150,305 | -1.7% | Trimmed |
| IEF iShares 7-10 Year Treasury Bond ETF | $5.5M | 0.3% | 57,684 | +7.5% | Added |
| SPDR Series Trust | $5.3M | 0.3% | 70,749 | -2.0% | Trimmed |
| SPY State Street SPDR S&P 500 ETF Trust Unit | $5.2M | 0.3% | 6,989 | +10.5% | Added |
| Goldman Sachs ETF TR | $5.2M | 0.3% | 54,987 | -4.9% | Trimmed |
| DIS Walt Disney Company | $5.0M | 0.3% | 52,317 | -1.4% | Trimmed |
| UNP Union Pacific Corporation | $4.8M | 0.2% | 17,579 | +0.5% | Added |
Showing the 50 largest of 196 share positions. The full filing on SEC EDGAR
Questions about First Interstate Bank
- What does First Interstate Bank own?
- In its Form 13F for Q2 2026, First Interstate Bank reported 196 holdings worth $1.9B. The five largest were FIBK, VCIT, iShares TR, Invesco Exchange Traded FD T, iShares Core S&P Mid-Cap ETF.
- What did First Interstate Bank buy and sell in Q2 2026?
- First Interstate Bank opened 17 new positions, added to 63, trimmed 72 and sold out of 8 compared with the quarter before.
- When did First Interstate Bank file its latest 13F?
- Form 13F is due 45 days after each quarter ends. The Q2 2026 report was due August 14, 2026 and was filed July 24, 2026.
From Form 13F filed by First Interstate Bank (SEC CIK 0001125727) for the quarter ended June 30, 2026, via the SEC's Form 13F data sets. Amendments that restate a report replace it; amendments that add holdings are included. View on SEC EDGAR · All funds