FIRST INTERSTATE BANK

Bank

CIK

860413

Location

BILLINGS, MT

Portfolio Value

Small $164,675,444

Diversification

Diversified

Filing Date

Mar 31, 2021

Global Rank

#3,375 / 5,902

Top Industry

Software - Infrastructure 8.5%

3Y Alpha vs SPY

-6.9%

Period ended 5 years ago

Filed Apr 27, 2021 · 5y

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+49.6%

SPY

+78.1%

Annualised alpha

-6.8%

Max drawdown

−18.0%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

67 positions · as of Mar 31, 2021

Top Position

7.9%

of portfolio value

Top 5

28.6%

of portfolio value

Top 10

44.7%

of portfolio value

HHI

335

Diversified

Sector Breakdown

As of Mar 31, 2021

Sector	% Portfolio	Value	Positions
Technology	25.6%	$42,171,237	10
Financial Services	17.9%	$29,424,441	9
Consumer Cyclical	13.7%	$22,479,616	7
Industrials	10.8%	$17,720,677	7
Healthcare	9.7%	$15,949,628	12
Communication Services	8.9%	$14,716,363	5
Consumer Defensive	8.4%	$13,880,392	7
Unclassified	3.5%	$5,763,905	3
Utilities	0.8%	$1,355,150	2
Basic Materials	0.4%	$611,296	3
Energy	0.4%	$602,739	2

Portfolio Positions

Compact Export CSV View 13F filing

67 positions · $164,675,444 total · as of Mar 31, 2021

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Technology Utilities

Showing 51–67 of 67 positions by value · page 2 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
CMCSA	Comcast Corp Communication Services	First	78,093	—	$3,960,275	—	2.40%
BMY	Bristol Myers Squibb Co Healthcare	First	66,085	—	$4,171,945	—	2.53%
FDX	Fedex Corp Industrials	First	14,898	—	$4,231,627	—	2.57%
FIBK	First Interstate Bancsystem Inc Financial Services	First	96,215	—	$4,429,737	—	2.69%
UNP	Union Pacific Corp Industrials	First	20,293	—	$4,472,779	—	2.72%
SWKS	Skyworks Solutions, Inc. Technology	First	25,074	—	$4,600,577	—	2.79%
JPM	Jpmorgan Chase & Co Financial Services	First	30,523	—	$4,646,515	—	2.82%
MDLZ	Mondelez International, Inc. Consumer Defensive	First	80,759	—	$4,726,824	—	2.87%
UNH	Unitedhealth Group Inc Healthcare	First	13,614	—	$5,065,360	—	3.08%
SPY	Spdr S&P 500 ETF Trust	First	13,177	—	$5,222,440	—	3.17%
CSCO	Cisco Systems, Inc. Technology	First	111,526	—	$5,767,008	—	3.50%
DIS	Walt Disney Co Communication Services	First	31,464	—	$5,805,737	—	3.53%
BRK-B	Berkshire Hathaway Inc Financial Services	First	22,951	—	$5,863,291	—	3.56%
NKE	NIKE, Inc. Consumer Cyclical	First	54,844	—	$7,288,218	—	4.43%
LOW	Lowes Companies Inc Consumer Cyclical	First	50,617	—	$9,626,340	—	5.85%
AAPL	Apple Inc. Technology	First	92,434	—	$11,290,812	—	6.86%
MSFT	Microsoft Corp Technology	First	55,277	—	$13,032,657	—	7.91%