1y return+16.2%S&P 500 +20.9%
3y return+39.2%S&P 500 +68.5%
5y return+19.6%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2021: $120 against $174 in the S&P 500.2
First Interstate BankS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| FIBKFirst Intst Bancsystem Inc | $177.9M | 9.3% | |
| VCITVanguard Scottsdale Fds | $177.5M | 9.3% | +10.5% |
| IVVIshares Tr | $159.8M | 8.3% | +3.5% |
| RSPInvesco Exchange Traded Fd T | $155.5M | 8.1% | −4.0% |
| IJHIshares Tr | $120.6M | 6.3% | |
| VGITVanguard Scottsdale Fds | $113.7M | 5.9% | +7.1% |
| IJRIshares Tr | $97.4M | 5.1% | −3.3% |
| PFFIshares Tr | $93.1M | 4.9% | +5.3% |
| VTIPVanguard Malvern Fds | $78.8M | 4.1% | +3.2% |
| VMBSVanguard Scottsdale Fds | $68.7M | 3.6% | +6.4% |
| GUNRFlexshares Tr | $62.7M | 3.3% | −3.2% |
| XLKSelect Sector Spdr Tr | $47.4M | 2.5% | −4.3% |
| PAVEGlobal X Fds | $44.5M | 2.3% | −1.0% |
| AAPLApple Inc | $22.1M | 1.2% | −3.5% |
| GOOGLAlphabet Inc | $21.1M | 1.1% | |
| XLISelect Sector Spdr Tr | $19.8M | 1.0% | +15.7% |
| XLVSelect Sector Spdr Tr | $17.9M | 0.9% | −1.9% |
| AMZNAmazon Com Inc | $16.4M | 0.9% | |
| XLCSelect Sector Spdr Tr | $15.8M | 0.8% | |
| XSDSpdr Series Trust | $15.7M | 0.8% | −4.4% |
| PANWPalo Alto Networks Inc | $15.6M | 0.8% | −2.1% |
| MSFTMicrosoft Corp | $15.5M | 0.8% | |
| CSCOCisco Sys Inc | $14.9M | 0.8% | −3.5% |
| XLFSelect Sector Spdr Tr | $13.2M | 0.7% | |
| XLESelect Sector Spdr Tr | $10.9M | 0.6% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NVDANvidia Corporation | June 30, 2022 | +1219.9% | $6.4M |
| PANWPalo Alto Networks Inc | June 30, 2021 | +451.4% | $15.6M |
| XSDSpdr Series Trust | June 30, 2021 | +224.2% | $15.7M |
| GOOGLAlphabet Inc | June 30, 2021 | +192.7% | $21.1M |
| XLKSelect Sector Spdr Tr | June 30, 2021 | +158.1% | $47.4M |
| WMTWalmart Inc | June 30, 2021 | +140.9% | $6.2M |
| COSTCostco Wholesale Corporation | June 30, 2021 | +136.4% | $6.0M |
| CSCOCisco Sys Inc | June 30, 2021 | +121.6% | $14.9M |
| AAPLApple Inc | June 30, 2021 | +111.3% | $22.1M |
| JPMJpmorgan Chase & Co | June 30, 2021 | +110.4% | $9.8M |
Sold off last quarter
- Honeywell Intl IncCUSIP 438516106 was $5.6M
- KKRKkr & Co Inc was $2.2M
- BMIBadger Meter Inc was $548K
- VZVerizon Communications Inc was $349K
- CTRACoterra Energy Inc was $312K
- LMTLockheed Martin Corp was $230K
- Sealed Air Corp NewCUSIP 81211K100 was $211K
- Medtronic PLCCUSIP G5960L103 was $210K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +8.5% | +14.8% |
| March 31, 2026 | −0.3% | −4.6% |
| December 31, 2025 | +1.8% | +2.4% |
| September 30, 2025 | +5.5% | +7.8% |
| June 30, 2025 | +4.5% | +10.5% |
| March 31, 2025 | −2.7% | −4.6% |
| December 31, 2024 | −0.4% | +2.1% |
| September 30, 2024 | +5.6% | +5.4% |
| June 30, 2024 | +0.4% | +4.0% |
| March 31, 2024 | +3.4% | +10.0% |
| December 31, 2023 | +10.9% | +11.2% |
| September 30, 2023 | −2.7% | −3.6% |
| June 30, 2023 | +0.8% | +8.3% |
| March 31, 2023 | +0.7% | +7.0% |
| December 31, 2022 | +4.4% | +7.1% |
| September 30, 2022 | −3.8% | −5.3% |
| June 30, 2022 | −12.7% | −16.5% |
| March 31, 2022 | −5.9% | −4.9% |
| December 31, 2021 | +4.5% | +10.7% |
| September 30, 2021 | −1.8% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: First Interstate Bank Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1125727&type=13F-HR&dateb=&owner=include&count=40CIK 1125727
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1125727/000112572726000014/Filed July 24, 2026 · accession 0001125727-26-000014