FIRST INTERSTATE BANCSYSTEM INC

FundStock

CIK 0000860413 · Q1 2021

13F Equity AUM

$841.1B

Positions

104

AUM Rank

—

Skill Alpha (FF)

—

Building track record (1q)

Quarters Tracked

~0 years

Portfolio Concentration

Top 5: 51.8%Top 10: 67.9%Top 20: 79.5%

VCIT16.6%

IVV11.5%

VCSH9.4%

PFF7.9%

IJR6.5%

IJH5.8%

EMB3.2%

XLV2.9%

XLK2.3%

XLI1.7%

Others (94)32.1%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services80.7%

Technology5.3%

Consumer Cyclical4.0%

Communication Services2.7%

Industrials2.2%

Consumer Defensive2.1%

Other3.0%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 104Median: 0.32%Avg: 0.96%

0–0.5%

66(9.6%)

0.5–1%

22(14.6%)

1–3%

9(14.9%)

3–5%

1(3.2%)

5%+

6(57.7%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 103Unique: 1vs 20 funds

2.2%Low

104

Fund positions

4,778

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 7 benchmark funds with highest portfolio overlap (Jaccard similarity)

PARAMETRIC PORTFOLIO ASSOCIATES LLC

2.4%

EATON VANCE MANAGEMENT

4.9%

PICTET ASSET MANAGEMENT LTD

4.3%

AMUNDI ASSET MANAGEMENT US, INC.

4.4%

Marshall Wace North America L.P.

4.1%

WADDELL & REED FINANCIAL INC

9.2%

Cheyne Capital Management (UK) LLP

1.5%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New104Increased0Decreased0Exited0

New Positions

VCIT16.6%

+1.5M

IVV11.5%

+242K

VCSH9.4%

+962K

PFF7.9%

+1.7M

IJR6.5%

+500K

IJH5.8%

+189K

EMB3.2%

+250K

XLV2.9%

+211K

XLK2.3%

+148K

XLI1.7%

+143K

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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