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.
$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 | |||
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