13F HOLDINGS REPORT

FIRST INTERSTATE BANK

Quarter ended Q4 2024 · Filed February 4, 2025 · Accession 0001125727-25-000003

Total Value

$1.65B

Positions

304

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (304)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	ISHARES	464287200	316,636	$186.4M	11.29%
2	VANGUARD ETF/USA	92206C870	1,853,510	$148.8M	9.01%
3	First Interstate BancSystem In	32055Y201	3,518,244	$114.2M	6.92%
4	BlackRock Fund Advisors	464287507	1,420,387	$88.5M	5.36%
5	BLACKROCK FUND ADVISORS	46434V803	2,465,125	$85.7M	5.19%
6	Vanguard ETF/USA	92206C706	1,272,220	$73.8M	4.47%
7	BlackRock Fund Advisors	464287804	638,789	$73.6M	4.46%
8	Invesco Capital Management LLC	IVZ	391,563	$68.6M	4.15%
9	iShares ETFs/USA	46436E312	2,188,679	$53.8M	3.26%
10	BlackRock Fund Advisors	464288687	1,669,802	$52.5M	3.18%
11	iShares ETFs/USA	46436E130	2,050,926	$51.5M	3.12%
12	Vanguard ETF/USA	92206C771	1,092,546	$49.5M	3.00%
13	Global X Management Co LLC	37954Y673	1,140,772	$46.1M	2.79%
14	SELECT SECTOR SPDR	81369Y803	140,406	$32.6M	1.98%
15	First Interstate BancSystem In	32055Y201	910,830	$29.6M	1.79%
16	Northern Trust Investments Inc	FLEX	683,386	$24.8M	1.50%
17	Apple Inc	AAPL	77,131	$19.3M	1.17%
18	SELECT SECTOR SPDR	81369Y209	137,917	$19.0M	1.15%
19	SSgA Funds Management Inc	81369Y852	170,310	$16.5M	1.00%
20	MICROSOFT CORP	MSFT	38,311	$16.1M	0.98%
21	Amazon.com Inc	AMZN	67,587	$14.8M	0.90%
22	SELECT SECTOR SPDR	81369Y605	280,883	$13.6M	0.82%
23	SELECT SECTOR SPDR	81369Y506	154,708	$13.3M	0.80%
24	ALPHABET INC	GOOG	60,142	$11.4M	0.69%
25	SSgA Funds Management Inc	81369Y704	82,957	$10.9M	0.66%
26	LOWE'S COS INC	548661107	38,231	$9.4M	0.57%
27	BlackRock Fund Advisors	464287226	93,346	$9.0M	0.55%
28	Walmart Inc	WMT	96,363	$8.7M	0.53%
29	Berkshire Hathaway Inc	BRK-A	18,893	$8.6M	0.52%
30	JPMorgan Chase & Co	VYLD	34,993	$8.4M	0.51%
31	SELECT SECTOR SPDR	81369Y407	36,282	$8.1M	0.49%
32	CISCO SYSTEMS	CSCO	134,872	$8.0M	0.48%
33	Palo Alto Networks Inc	PANW	43,703	$8.0M	0.48%
34	SSgA Funds Management Inc	78464A862	31,849	$7.9M	0.48%
35	SELECT SECTOR SPDR	81369Y886	101,034	$7.6M	0.46%
36	SSgA Funds Management Inc	81369Y860	184,534	$7.5M	0.45%
37	SELECT SECTOR SPDR	81369Y308	90,412	$7.1M	0.43%
38	AMER EXPRESS CO	AXP	22,272	$6.6M	0.40%
39	MCDONALD'S CORP	MCD	22,682	$6.6M	0.40%
40	SELECT SECTOR SPDR	81369Y100	77,626	$6.5M	0.40%
41	Blackstone Inc	BX	36,647	$6.3M	0.38%
42	Costco Wholesale Corp	22160K105	6,704	$6.1M	0.37%
43	ISHARES TRUST	464287523	26,520	$5.7M	0.35%
44	Walt Disney Co/The	254687106	50,821	$5.7M	0.34%
45	Honeywell International Inc	438516106	24,592	$5.6M	0.34%
46	UnitedHealth Group Inc	UNH	10,782	$5.5M	0.33%
47	ISHARES	464287556	39,590	$5.2M	0.32%
48	SPDR SERIES TRUST	78464A698	83,543	$5.0M	0.31%
49	Salesforce Inc	CRM	14,191	$4.7M	0.29%
50	Union Pacific Corp	UNP	17,043	$3.9M	0.24%
51	Mondelez International Inc	609207105	64,617	$3.9M	0.23%
52	Pfizer Inc	PFE	141,555	$3.8M	0.23%
53	Citigroup Inc	C-PR	52,251	$3.7M	0.22%
54	SSgA Funds Management Inc	SPY	6,081	$3.6M	0.22%
55	EMERSON ELECTRIC	EMR	25,831	$3.2M	0.19%
56	BlackRock Fund Advisors	464287465	42,155	$3.2M	0.19%
57	BlackRock Fund Advisors	464287507	48,589	$3.0M	0.18%
58	PEPSICO INC	PEP	19,746	$3.0M	0.18%
59	ISHARES	464287200	4,976	$2.9M	0.18%
60	BRISTOL-MYRS SQUIB	CELG-RI	50,749	$2.9M	0.17%
61	Masco Corp	MAS	38,559	$2.8M	0.17%
62	QUALCOMM Inc	QCOM	17,909	$2.8M	0.17%
63	INTERCONTINENTAL EXCHANGE	45866F104	18,381	$2.7M	0.17%
64	BERKSHIRE HATHAWAY	BRK-A	4	$2.7M	0.16%
65	MICROSOFT CORP	MSFT	6,454	$2.7M	0.16%
66	NVIDIA Corp	NVDA	20,094	$2.7M	0.16%
67	Apple Inc	AAPL	10,074	$2.5M	0.15%
68	Home Depot Inc/The	HD	6,481	$2.5M	0.15%
69	Broadcom Inc	AVGO	10,320	$2.4M	0.14%
70	Abbott Laboratories	ABLZF	20,556	$2.3M	0.14%
71	ISHARES TR	464287234	50,231	$2.1M	0.13%
72	VANGUARD ETF/USA	92206C870	25,888	$2.1M	0.13%
73	Skyworks Solutions Inc	SWKS	22,007	$2.0M	0.12%
74	VANGUARD	922908363	3,590	$1.9M	0.12%
75	VANGUARD	922908363	3,393	$1.8M	0.11%
76	FEDEX CORP	FDX	6,449	$1.8M	0.11%
77	Berkshire Hathaway Inc	BRK-A	3,925	$1.8M	0.11%
78	FISERV INC	FISV	8,619	$1.8M	0.11%
79	BlackRock Fund Advisors	464287804	14,897	$1.7M	0.10%
80	BlackRock Fund Advisors	464287432	19,469	$1.7M	0.10%
81	Vanguard ETF/USA	92206C706	28,803	$1.7M	0.10%
82	BLACKROCK FUND ADVISORS	46434V803	47,495	$1.7M	0.10%
83	VANGUARD GROUP	921937827	20,685	$1.6M	0.10%
84	JPMorgan Chase & Co	VYLD	6,617	$1.6M	0.10%
85	ORACLE CORP	ORCL-PD	8,521	$1.4M	0.09%
86	Amazon.com Inc	AMZN	6,091	$1.3M	0.08%
87	ALPHABET INC	GOOG	6,723	$1.3M	0.08%
88	Exxon Mobil Corp	XOM	11,154	$1.2M	0.07%
89	Schwab ETFs/USA	808524862	49,392	$1.2M	0.07%
90	BlackRock Fund Advisors	464287689	3,449	$1.2M	0.07%
91	STATE STREET ETF/USA	78464A284	44,977	$1.2M	0.07%
92	Global X Management Co LLC	37954Y673	28,150	$1.1M	0.07%
93	AGNICO EAGLE MINES	AEM	14,279	$1.1M	0.07%
94	Thermo Fisher Scientific Inc	TMO	2,122	$1.1M	0.07%
95	ISHARES TRUST	464288513	13,614	$1.1M	0.06%
96	Johnson & Johnson	JNJ	7,321	$1.1M	0.06%
97	PEPSICO INC	PEP	6,560	$997,514	0.06%
98	Meta Platforms Inc	META	1,693	$991,268	0.06%
99	Home Depot Inc/The	HD	2,511	$976,754	0.06%
100	VISA INC	V	3,039	$960,446	0.06%
101	AbbVie Inc	ABBV	5,327	$946,608	0.06%
102	Procter & Gamble Co/The	742718109	5,431	$910,507	0.06%
103	CISCO SYSTEMS	CSCO	15,118	$894,986	0.05%
104	AUTOMATIC DATA PROCESSING	ADP	2,938	$860,041	0.05%
105	iShares ETFs/USA	46435UAA9	35,780	$857,289	0.05%
106	VANGUARD ETF/USA	92206C409	10,974	$856,082	0.05%
107	Northern Trust Investments Inc	FLEX	23,139	$841,334	0.05%
108	ISHARES	464287655	3,804	$840,532	0.05%
109	Merck & Co Inc	MRK	8,358	$831,454	0.05%
110	Alphabet Inc	GOOG	4,294	$817,749	0.05%
111	AMER EXPRESS CO	AXP	2,690	$798,365	0.05%
112	VANGUARD ETF/USA	922042742	6,650	$781,242	0.05%
113	iShares ETFs/USA	46434VBD1	30,888	$773,744	0.05%
114	MCDONALD'S CORP	MCD	2,642	$765,889	0.05%
115	iShares ETFs/USA	46436E205	33,323	$759,764	0.05%
116	iShares ETFs/USA	46435GAA0	31,422	$756,328	0.05%
117	Vanguard ETF/USA	92206C771	16,317	$739,813	0.04%
118	Walt Disney Co/The	254687106	6,552	$729,565	0.04%
119	STRYKER CORP	SYK	2,010	$723,701	0.04%
120	Salesforce Inc	CRM	2,161	$722,487	0.04%
121	Vanguard ETF/USA	922907746	14,355	$719,616	0.04%
122	Alphabet Inc	GOOG	3,702	$705,009	0.04%
123	AT&T INC	T-PC	30,230	$688,337	0.04%
124	BERKSHIRE HATHAWAY	BRK-A	1	$680,920	0.04%
125	Amphenol Corp	032095101	9,600	$666,720	0.04%
126	BLACKROCK FUND ADVISORS	46434V738	12,339	$666,059	0.04%
127	Meta Platforms Inc	META	1,134	$663,968	0.04%
128	VANGUARD ETF/USA	922042858	14,840	$653,554	0.04%
129	ORACLE CORP	ORCL-PD	3,837	$639,398	0.04%
130	Danaher Corp	235851102	2,737	$628,278	0.04%
131	GOLDMAN SACHS GRP	GSCE	1,084	$620,720	0.04%
132	MASTERCARD INC	MA	1,172	$617,140	0.04%
133	Limoneira Co	LMNR	25,000	$611,500	0.04%
134	UnitedHealth Group Inc	UNH	1,205	$609,561	0.04%
135	Amgen Inc	AMGN	2,264	$590,089	0.04%
136	Chevron Corp	CVX	4,060	$588,050	0.04%
137	Abbott Laboratories	ABLZF	5,173	$585,118	0.04%
138	Merck & Co Inc	MRK	5,698	$566,837	0.03%
139	Costco Wholesale Corp	22160K105	584	$535,102	0.03%
140	Union Pacific Corp	UNP	2,275	$518,791	0.03%
141	BADGER METER INC	BMI	2,423	$513,967	0.03%
142	Walmart Inc	WMT	5,679	$513,098	0.03%
143	iShares ETFs/USA	46435U515	20,578	$512,392	0.03%
144	Sherwin-Williams Co/The	SHW	1,467	$498,677	0.03%
145	Vanguard ETF/USA	922908629	1,885	$497,885	0.03%
146	ECOLAB INC	ECL	2,121	$496,993	0.03%
147	iShares ETFs/USA	46436E726	22,578	$482,266	0.03%
148	Vanguard ETF/USA	922908751	1,994	$479,118	0.03%
149	Johnson & Johnson	JNJ	3,255	$470,738	0.03%
150	Chevron Corp	CVX	3,247	$470,295	0.03%
151	GEN DYNAMICS CORP	GD	1,780	$469,012	0.03%
152	Republic Services Inc	760759100	2,317	$466,134	0.03%
153	Coca-Cola Co/The	KO	7,460	$464,460	0.03%
154	Thermo Fisher Scientific Inc	TMO	878	$456,762	0.03%
155	NIKE INC	NKE	5,974	$452,053	0.03%
156	Vanguard ETF/USA	922908553	5,047	$449,587	0.03%
157	Honeywell International Inc	438516106	1,952	$440,937	0.03%
158	S&P Global Inc	SPGI	875	$435,776	0.03%
159	Vanguard ETF/USA	922042775	7,500	$430,575	0.03%
160	AbbVie Inc	ABBV	2,394	$425,414	0.03%
161	CUMMINS INC	CMI	1,200	$418,320	0.03%
162	DISCOVER FINL SVCS	254709108	2,412	$417,831	0.03%
163	Vanguard ETF/USA	921943858	8,420	$402,644	0.02%
164	DEERE & CO	DE	939	$397,854	0.02%
165	DEERE & CO	DE	938	$397,431	0.02%
166	US Bancorp	USB-PS	8,008	$383,023	0.02%
167	NIKE INC	NKE	5,044	$381,679	0.02%
168	RTX Corp	RTX	3,256	$376,784	0.02%
169	Vanguard ETF/USA	922908736	898	$368,575	0.02%
170	BECTON DICKINSON	BDX	1,608	$364,807	0.02%
171	INTERCONTINENTAL EXCHANGE	45866F104	2,446	$364,478	0.02%
172	Target Corp	TGT	2,675	$361,607	0.02%
173	ISHARES TR	46434V647	14,975	$358,951	0.02%
174	BlackRock Fund Advisors	464287432	4,060	$354,560	0.02%
175	INTL BUSINESS MCHN	INTR	1,608	$353,487	0.02%
176	Caterpillar Inc	CAT	960	$348,250	0.02%
177	Hawkins Inc	HWKN	2,800	$343,476	0.02%
178	Procter & Gamble Co/The	742718109	2,037	$341,503	0.02%
179	Church & Dwight Co Inc	CHD	3,200	$335,072	0.02%
180	Donaldson Co Inc	DCI	4,800	$323,280	0.02%
181	iShares ETFs/USA	46436E486	15,631	$318,091	0.02%
182	ISHARES	464287408	1,663	$317,433	0.02%
183	Mondelez International Inc	609207105	5,189	$309,939	0.02%
184	BlackRock Fund Advisors	464288273	4,907	$298,100	0.02%
185	Cigna Group/The	125523100	1,069	$295,194	0.02%
186	Paychex Inc	PAYX	2,094	$293,621	0.02%
187	WW Grainger Inc	384802104	270	$284,594	0.02%
188	BRISTOL-MYRS SQUIB	CELG-RI	4,921	$278,332	0.02%
189	Williams-Sonoma Inc	WSM	1,500	$277,770	0.02%
190	PayPal Holdings Inc	PYPL	3,207	$273,717	0.02%
191	BlackRock Fund Advisors	464286475	4,656	$270,700	0.02%
192	Coca-Cola Co/The	KO	4,200	$261,492	0.02%
193	Exxon Mobil Corp	XOM	2,404	$258,598	0.02%
194	Vanguard ETF/USA	922908629	979	$258,583	0.02%
195	MARTIN MARIETTA M.	573284106	500	$258,250	0.02%
196	MORGAN STANLEY	MS-PQ	2,000	$251,440	0.02%
197	Autodesk Inc	ADSK	850	$251,235	0.02%
198	Vanguard ETF/USA	922908744	1,471	$249,040	0.02%
199	Kinder Morgan Inc	EP-PC	9,000	$246,600	0.01%
200	Williams Cos Inc/The	969457100	4,500	$243,540	0.01%
201	Quanta Services Inc	74762E102	750	$237,038	0.01%
202	American States Water Co	029899101	3,000	$233,160	0.01%
203	VISA INC	V	732	$231,341	0.01%
204	Coterra Energy Inc	CTRA	8,929	$228,047	0.01%
205	AMETEK Inc	AME	1,255	$226,226	0.01%
206	GOLDMAN SACHS GRP	GSCE	395	$226,185	0.01%
207	BlackRock Fund Advisors	464287119	2,500	$224,000	0.01%
208	BlackRock Fund Advisors	464287374	5,175	$221,128	0.01%
209	Invesco Capital Management LLC	IVZ	1,261	$220,965	0.01%
210	WEC Energy Group Inc	WEC	2,300	$216,292	0.01%
211	Micron Technology Inc	MU	2,500	$210,400	0.01%
212	Intel Corp	INTC	10,395	$208,420	0.01%
213	BlackRock Fund Advisors	464287606	2,288	$208,048	0.01%
214	BlackRock Fund Advisors	464288281	2,335	$207,908	0.01%
215	ILLINOIS TOOL WKS	452308109	817	$207,159	0.01%
216	SEMPRA ENERGY	SREA	2,310	$202,633	0.01%
217	VANGUARD ETF/USA	922042858	4,567	$201,131	0.01%
218	MASTERCARD INC	MA	379	$199,570	0.01%
219	Charles Schwab Corp/The	SCHW-PJ	2,682	$198,495	0.01%
220	WELLS FARGO & CO	949746101	2,713	$190,561	0.01%
221	iShares ETFs/USA	46436E130	7,356	$184,636	0.01%
222	iShares ETFs/USA	46436E312	7,429	$182,605	0.01%
223	AUTOMATIC DATA PROCESSING	ADP	620	$181,493	0.01%
224	ADVANCED MICRO DEV	AMD	1,500	$181,185	0.01%
225	COLGATE-PALMOLIVE	CL	1,950	$177,275	0.01%
226	INTL BUSINESS MCHN	INTR	800	$175,864	0.01%
227	Comcast Corp	CCZ	4,630	$173,764	0.01%
228	Medtronic PLC	MDT	2,175	$173,739	0.01%
229	CONOCOPHILLIPS	COP	1,732	$171,762	0.01%
230	QUALCOMM Inc	QCOM	1,117	$171,594	0.01%
231	Charles Schwab Corp/The	SCHW-PJ	2,290	$169,483	0.01%
232	Intel Corp	INTC	8,300	$166,415	0.01%
233	CONOCOPHILLIPS	COP	1,678	$166,407	0.01%
234	Phillips 66	PSX	1,458	$166,110	0.01%
235	Danaher Corp	235851102	714	$163,899	0.01%
236	LOWE'S COS INC	548661107	662	$163,382	0.01%
237	ILLINOIS TOOL WKS	452308109	636	$161,264	0.01%
238	SSgA Funds Management Inc	SPY	275	$161,172	0.01%
239	NVIDIA Corp	NVDA	1,144	$153,628	0.01%
240	STATE STREET ETF/USA	MDY	263	$149,800	0.01%
241	Adobe Inc	ADBE	320	$142,298	0.01%
242	GEN DYNAMICS CORP	GD	540	$142,285	0.01%
243	BlackRock Fund Advisors	464288687	4,405	$138,493	0.01%
244	Medtronic PLC	MDT	1,650	$131,802	0.01%
245	VERIZON COMMUN	VZ	3,295	$131,767	0.01%
246	Adobe Inc	ADBE	292	$129,847	0.01%
247	MORGAN STANLEY	MS-PQ	1,000	$125,720	0.01%
248	COLGATE-PALMOLIVE	CL	1,375	$125,001	0.01%
249	Van Kampen Funds/Closed-end/US	IVZ	12,511	$123,358	0.01%
250	Cigna Group/The	125523100	414	$114,322	0.01%
251	FISERV INC	FISV	543	$111,543	0.01%
252	VERIZON COMMUN	VZ	2,757	$110,252	0.01%
253	Pfizer Inc	PFE	3,959	$105,032	0.01%
254	Vanguard ETF/USA	922908751	424	$101,879	0.01%
255	Comcast Corp	CCZ	2,710	$101,706	0.01%
256	ADVANCED MICRO DEV	AMD	830	$100,256	0.01%
257	Phillips 66	PSX	830	$94,562	0.01%
258	RTX Corp	RTX	773	$89,452	0.01%
259	Under Armour Inc	UA	10,350	$85,698	0.01%
260	BlackRock Fund Advisors	464287374	1,913	$81,742	0.00%
261	STRYKER CORP	SYK	224	$80,651	0.00%
262	Arcos Dorados Holdings Inc	ARCO	10,885	$79,243	0.00%
263	BlackRock Fund Advisors	464287226	772	$74,807	0.00%
264	Warner Bros Discovery Inc	WBD	6,768	$71,538	0.00%
265	STATE STREET ETF/USA	MDY	125	$71,198	0.00%
266	WELLS FARGO & CO	949746101	1,000	$70,240	0.00%
267	Vanguard ETF/USA	922908553	650	$57,902	0.00%
268	Warner Bros Discovery Inc	WBD	5,228	$55,260	0.00%
269	Autodesk Inc	ADSK	175	$51,725	0.00%
270	Coterra Energy Inc	CTRA	2,005	$51,208	0.00%
271	S&P Global Inc	SPGI	100	$49,803	0.00%
272	Vanguard ETF/USA	921943858	994	$47,533	0.00%
273	SELECT SECTOR SPDR	81369Y803	201	$46,737	0.00%
274	BECTON DICKINSON	BDX	152	$34,484	0.00%
275	SEMPRA ENERGY	SREA	368	$32,281	0.00%
276	Church & Dwight Co Inc	CHD	278	$29,109	0.00%
277	Sherwin-Williams Co/The	SHW	83	$28,214	0.00%
278	ECOLAB INC	ECL	114	$26,712	0.00%
279	WW Grainger Inc	384802104	25	$26,351	0.00%
280	SELECT SECTOR SPDR	81369Y209	184	$25,313	0.00%
281	SSgA Funds Management Inc	81369Y852	243	$23,525	0.00%
282	VANGUARD ETF/USA	922042742	200	$23,496	0.00%
283	SELECT SECTOR SPDR	81369Y605	433	$20,927	0.00%
284	SELECT SECTOR SPDR	81369Y506	200	$17,132	0.00%
285	SSgA Funds Management Inc	81369Y704	104	$13,703	0.00%
286	Kinder Morgan Inc	EP-PC	475	$13,015	0.00%
287	SELECT SECTOR SPDR	81369Y407	48	$10,769	0.00%
288	SELECT SECTOR SPDR	81369Y886	135	$10,218	0.00%
289	SSgA Funds Management Inc	81369Y860	242	$9,842	0.00%
290	SELECT SECTOR SPDR	81369Y308	125	$9,826	0.00%
291	Citigroup Inc	C-PR	137	$9,643	0.00%
292	SSgA Funds Management Inc	78464A862	38	$9,441	0.00%
293	PayPal Holdings Inc	PYPL	100	$8,535	0.00%
294	Blackstone Inc	BX	48	$8,276	0.00%
295	ISHARES TRUST	464287523	37	$7,973	0.00%
296	ISHARES	464287556	59	$7,800	0.00%
297	SELECT SECTOR SPDR	81369Y100	91	$7,657	0.00%
298	Palo Alto Networks Inc	PANW	42	$7,642	0.00%
299	SPDR SERIES TRUST	78464A698	115	$6,940	0.00%
300	US Bancorp	USB-PS	120	$5,740	0.00%
301	Masco Corp	MAS	69	$5,007	0.00%
302	EMERSON ELECTRIC	EMR	35	$4,338	0.00%
303	FEDEX CORP	FDX	9	$2,532	0.00%
304	Skyworks Solutions Inc	SWKS	28	$2,483	0.00%