First Interstate Bank 13F annual report

First Interstate Bank is an investment fund managing more than $1.51 trillion ran by Chad Hooker. There are currently 125 companies in Mr. Hooker’s portfolio. The largest investments include Ishares and Vanguard Etf/usa, together worth $342 billion.

Limited to 30 biggest holdings

$1.51 trillion Assets Under Management (AUM)

As of 31st July 2024, First Interstate Bank’s top holding is 389,165 shares of Ishares currently worth over $190 billion and making up 12.6% of the portfolio value. In addition, the fund holds 1,904,247 shares of Vanguard Etf/usa worth $152 billion. The third-largest holding is First Interstate Bancsystem In worth $136 billion and the next is Vanguard Group Inc/the worth $175 billion, with 3,196,955 shares owned.

Currently, First Interstate Bank's portfolio is worth at least $1.51 trillion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at First Interstate Bank

The First Interstate Bank office and employees reside in Billings, Montana. According to the last 13-F report filed with the SEC, Chad Hooker serves as the SENIOR VICE PRESIDENT at First Interstate Bank.

Recent trades

In the most recent 13F filing, First Interstate Bank revealed that it had opened a new position in iShares Trust and bought 23,278 shares worth $5.74 billion. This means they effectively own approximately 0.1% of the company. iShares Trust makes up 52.0% of the fund's Miscellaneous sector allocation and has grown its share price by 8.3% in the past year.

The investment fund also strengthened its position in Vanguard Etf/usa by buying 64,564 additional shares. This makes their stake in Vanguard Etf/usa total 1,904,247 shares worth $152 billion.

On the other hand, there are companies that First Interstate Bank is getting rid of from its portfolio. First Interstate Bank closed its position in Eaton Vance Funds/closed-end/u on 7th August 2024. It sold the previously owned 30,000 shares for $311 million. Chad Hooker also disclosed a decreased stake in Ishares by approximately 0.1%. This leaves the value of the investment at $190 billion and 389,165 shares.

One of the largest hedge funds

The two most similar investment funds to First Interstate Bank are Spyglass Capital Management and Gentrust. They manage $1.5 trillion and $1.51 trillion respectively.


Chad Hooker investment strategy

First Interstate Bank’s portfolio is diversified across 12 sectors. Currently, their heaviest sector is Technology — making up 4.3% of the total portfolio value. The fund focuses on investments in the United States as 56.8% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 52% of the total holdings value. On the other hand, small-cap stocks make up only 5.6% of the portfolio. The average market cap of the portfolio companies is close to $199 billion.

The complete list of First Interstate Bank trades based on 13F SEC filings

These positions were updated on August 7th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security Shares Owned Value Allocation
Ishares
2.58%
389,165
$190,370,825,000 12.65%
Vanguard Etf/usa
3.51%
1,904,247
$151,561,734,000 10.07%
First Interstate Bancsystem In
0.74%
4,886,916
$135,709,658,000 9.01%
Vanguard Group Inc/the
2.02%
3,196,955
$174,522,372,000 11.59%
Blackrock Fund Advisors
0.09%
6,248,979
$289,983,946,000 19.26%
Ishares Etfs/usa
97.77%
4,188,831
$104,141,427,000 6.92%
Select Sector Spdr
0.94%
990,000
$105,772,958,000 7.03%
Global X Management Co Llc
15.37%
751,627
$27,825,231,000 1.85%
Microsoft Corporation
1.32%
47,718
$21,327,561,000 1.42%
Amazon.com Inc.
0.32%
102,718
$19,850,253,000 1.32%
Apple Inc
3.07%
89,629
$18,877,660,000 1.25%
Alphabet Inc
3.34%
77,042
$14,044,004,000 0.93%
Ssga Funds Management Inc
1.06%
429,744
$34,638,155,000 2.30%
Berkshire Hathaway Inc.
1.91%
23,574
$9,589,903,000 0.64%
JPMorgan Chase & Co.
1.78%
43,022
$8,701,630,000 0.58%
Lowe's Cos Inc
1.66%
39,374
$8,680,392,000 0.58%
State Street Global Advisors Inc
1.89%
34,195
$8,462,578,000 0.56%
Palo Alto Networks Inc
1.59%
22,419
$7,600,265,000 0.50%
Cisco Systems, Inc.
1.68%
154,719
$7,350,700,000 0.49%
Walmart Inc
3.72%
105,755
$7,160,672,000 0.48%
Unitedhealth Group Inc
4.81%
12,644
$6,439,083,000 0.43%
Costco Wholesale Corp
1.93%
7,307
$6,210,877,000 0.41%
Amer Express Co
2.50%
26,363
$6,104,353,000 0.41%
Walt Disney Co/the
0.06%
59,258
$5,883,727,000 0.39%
iShares Trust
Opened
23,278
$5,741,053,000 0.38%
Goldman Sachs Grp
2.80%
11,472
$5,189,015,000 0.34%
Mondelez International Inc.
4.57%
71,785
$4,697,611,000 0.31%
Blackstone Inc
3.37%
37,035
$4,584,933,000 0.30%
Union Pacific Corp.
2.17%
20,077
$4,542,622,000 0.30%
Mcdonald's Corp
2.33%
17,644
$4,496,397,000 0.30%
Charles Schwab Corp/the
0.40%
60,561
$4,462,740,000 0.30%
Pepsico Inc
2.93%
26,500
$4,370,645,000 0.29%
Salesforce.com Inc
0.89%
16,863
$4,335,478,000 0.29%
Nike, Inc.
1.93%
53,773
$4,052,871,000 0.27%
Qualcomm, Inc.
1.41%
19,508
$3,885,603,000 0.26%
Honeywell International Inc
2.35%
16,969
$3,623,560,000 0.24%
Citigroup Inc
1.17%
54,057
$3,430,457,000 0.23%
Emerson Electric Co.
3.10%
27,890
$3,072,363,000 0.20%
Berkshire Hathaway Inc.
No change
5
$3,061,205,000 0.20%
NVIDIA Corp
839.59%
23,875
$2,949,517,000 0.20%
Intercontinental Exchange Inc
0.93%
21,476
$2,939,849,000 0.20%
Comcast Corp
2.13%
71,836
$2,813,098,000 0.19%
Masco Corp.
0.61%
40,195
$2,679,801,000 0.18%
Abbott Laboratories
1.68%
25,761
$2,676,825,000 0.18%
Invesco Capital Management LLC
20.65%
15,654
$2,571,639,000 0.17%
Skyworks Solutions, Inc.
1.28%
22,748
$2,424,482,000 0.16%
Bristol-myrs Squib
3.32%
57,625
$2,393,166,000 0.16%
Ishares Tr
3.66%
66,249
$2,510,829,000 0.17%
Fedex Corp
0.86%
6,826
$2,046,708,000 0.14%
Vanguard
1.95%
4,021
$2,011,023,000 0.13%
Oracle Corp.
0.50%
12,579
$1,776,154,000 0.12%
Home Depot Inc/the
0.39%
5,139
$1,769,049,000 0.12%
Exxon Mobil Corp.
3.14%
15,130
$1,741,766,000 0.12%
Meta Platforms Inc
1.23%
3,282
$1,654,850,000 0.11%
Fiserv, Inc.
0.82%
9,280
$1,383,091,000 0.09%
Vanguard Group, Inc.
12.58%
17,679
$1,355,979,000 0.09%
Johnson & Johnson
4.33%
9,260
$1,353,441,000 0.09%
Abbvie Inc
5.65%
7,628
$1,308,355,000 0.09%
Procter & Gamble Co/the
2.04%
7,813
$1,288,520,000 0.09%
Merck & Co Inc
6.40%
10,354
$1,281,825,000 0.09%
Thermo Fisher Scientific Inc.
0.13%
2,283
$1,262,499,000 0.08%
Schwab Etfs/usa
No change
25,822
$1,242,813,000 0.08%
iShares Trust
No change
14,026
$1,081,966,000 0.07%
Chevron Corp.
3.51%
6,629
$1,036,908,000 0.07%
Visa Inc
1.01%
3,707
$972,976,000 0.06%
Agnico Eagle Mines Ltd
No change
14,779
$966,547,000 0.06%
State Street Etf/usa
26.69%
37,159
$945,325,000 0.06%
Danaher Corp.
0.52%
3,281
$819,758,000 0.05%
Stryker Corp.
1.19%
2,320
$789,380,000 0.05%
Automatic Data Processing Inc.
0.93%
3,084
$736,120,000 0.05%
Mastercard Incorporated
7.20%
1,663
$733,649,000 0.05%
Gen Dynamics Corp
No change
2,330
$676,026,000 0.04%
AT&T Inc.
23.97%
33,726
$644,504,000 0.04%
Intel Corp.
0.73%
20,466
$633,832,000 0.04%
Blackrock Inc.
4.55%
734
$577,893,000 0.04%
Ecolab, Inc.
1.14%
2,256
$536,928,000 0.04%
Limoneira Co
No change
25,000
$520,250,000 0.03%
Phillips 66
32.01%
3,464
$489,013,000 0.03%
Target Corp
4.07%
3,275
$484,831,000 0.03%
Deere & Co.
1.24%
1,196
$446,862,000 0.03%
Republic Services, Inc.
0.30%
2,289
$444,844,000 0.03%
S&P Global Inc
3.43%
985
$439,310,000 0.03%
AMGEN Inc.
19.33%
1,389
$433,993,000 0.03%
Sherwin-williams Co/the
No change
1,438
$429,142,000 0.03%
Pfizer Inc.
3.69%
14,795
$413,964,000 0.03%
Caterpillar Inc.
73.65%
1,160
$386,396,000 0.03%
Cigna Group/the
No change
1,104
$364,949,000 0.02%
Advanced Micro Dev
2.10%
2,236
$362,702,000 0.02%
Church & Dwight Co., Inc.
2.56%
3,290
$341,107,000 0.02%
Coca-cola Co/the
13.00%
5,355
$340,846,000 0.02%
Micron Technology Inc.
No change
2,500
$328,825,000 0.02%
RTX Corp
6.80%
3,261
$327,372,000 0.02%
Badger Meter Inc.
Opened
1,746
$325,367,000 0.02%
Becton Dickinson
0.72%
1,370
$320,183,000 0.02%
Adobe Inc
0.87%
572
$317,769,000 0.02%
Discover Finl Svcs
No change
2,412
$315,514,000 0.02%
Lam Research Corp.
2.43%
295
$314,131,000 0.02%
Eaton Vance Funds/closed-end/u
Closed
30,000
$310,500,000
Intl Business Mchn
5.30%
1,788
$309,235,000 0.02%
Ww Grainger Inc
4.23%
340
$306,762,000 0.02%
Morgan Stanley
2.91%
3,000
$291,570,000 0.02%
Conocophillips
No change
2,506
$286,637,000 0.02%
Hawkins Inc
No change
3,000
$273,000,000 0.02%
Martin Marietta M.
No change
500
$270,900,000 0.02%
CVS Health Corp
No change
4,534
$267,778,000 0.02%
Verizon Commun
31.92%
6,492
$267,730,000 0.02%
Autodesk Inc.
0.49%
1,025
$253,637,000 0.02%
Us Bancorp
7.33%
6,322
$250,983,000 0.02%
Coterra Energy Inc
1.45%
9,094
$242,537,000 0.02%
Amer Intl Grp
Opened
3,250
$241,280,000 0.02%
Illinois Tool Wks
No change
1,017
$240,988,000 0.02%
Starbucks Corp.
Closed
2,467
$225,459,000
Colgate-Palmolive Co.
No change
2,300
$223,192,000 0.01%
Medtronic Plc
Closed
2,525
$220,054,000
Philip Morris Intl
Closed
2,400
$219,888,000
American States Water Co.
No change
3,000
$217,710,000 0.01%
Northern Trust Investments Inc
13.05%
3,238
$215,359,000 0.01%
PayPal Holdings Inc
No change
3,707
$215,117,000 0.01%
Vanguard Etf/usa
Opened
575
$215,056,000 0.01%
Waste Management, Inc.
1.32%
999
$213,127,000 0.01%
Williams-Sonoma, Inc.
No change
750
$211,778,000 0.01%
Tyson Foods, Inc.
45.81%
3,687
$210,675,000 0.01%
Regeneron Pharmaceuticals, Inc.
Opened
200
$210,206,000 0.01%
Marathon Petroleum Corp
29.41%
1,200
$208,176,000 0.01%
WEC Energy Group Inc
Closed
2,525
$207,353,000
Olin Corp.
Closed
3,500
$205,800,000
Sempra Energy
Opened
2,678
$203,689,000 0.01%
Blackrock Fund Advisors
Opened
2,500
$203,525,000 0.01%
CME Group Inc
Closed
944
$203,234,000
Nuveen Closed-end Funds/usa
Closed
11,368
$139,144,000
Van Kampen Funds/closed-end/us
No change
12,511
$124,109,000 0.01%
Arcos Dorados Holdings Inc
No change
10,885
$97,965,000 0.01%
Under Armour Inc
No change
10,350
$69,035,000 0.00%
No transactions found
Showing first 500 out of 133 holdings