FIRST INTERSTATE BANK

Bank

CIK

860413

Location

BILLINGS, MT

Portfolio Value

Micro $14,716,363

Diversification

Diversified

Filing Date

Mar 31, 2021

Global Rank

#3,374 / 5,900

Top Industry

Software - Infrastructure 8.5%

3Y Alpha vs SPY

-6.5%

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

+47.6%

SPY

+74.2%

Annualised alpha

-6.5%

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

5 positions · $14,716,363 total · Communication Services only · as of Mar 31, 2021

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
DIS	Walt Disney Co Communication Services	First	31,464	—	$5,805,737	—	39.45%
CMCSA	Comcast Corp Communication Services	First	78,093	—	$3,960,275	—	26.91%
META	Meta Platforms, Inc. Communication Services	First	13,399	—	$3,946,406	—	26.82%
T	At&T Inc. Communication Services	First	27,543	—	$629,701	—	4.28%
GOOGL	Alphabet Inc. Communication Services	First	3,629	—	$374,244	—	2.54%