# First International Bank & Trust

> Institutional holdings reported to the SEC as of Q3 2025 on Form 13F. CIK 1910370. Source: https://holderbook.com/funds/1910370-first-international-bank-trust/

- Reported value: $287.7M
- Positions: 56
- Weight of the ten largest: 80.0%
- Filed: 2025-10-07

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| TWO RDS SHARED TR | [AFIFXXXX](https://holderbook.com/stocks/AFIFXXXX/) | $71.4M | 7,608,507 | 24.8% | 16 |
| INVESCO EXCHANGE TRADED FD T | [SPHQ](https://holderbook.com/stocks/SPHQ/) | $41.1M | 560,123 | 14.3% | 2 |
| SSGA ACTIVE ETF TR | [RLY](https://holderbook.com/stocks/RLY/) | $24.0M | 776,930 | 8.3% | 7 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $19.5M | 29,273 | 6.8% | 16 |
| WISDOMTREE TR | [DXJ](https://holderbook.com/stocks/DXJ/) | $18.3M | 142,667 | 6.3% | 9 |
| TWO RDS SHARED TR | [AESRXXXX](https://holderbook.com/stocks/AESRXXXX/) | $14.7M | 715,906 | 5.1% | 16 |
| ISHARES TR | [SMLF](https://holderbook.com/stocks/SMLF/) | $13.3M | 178,490 | 4.6% | 3 |
| INVESCO EXCHANGE TRADED FD T | [XMHQ](https://holderbook.com/stocks/XMHQ/) | $11.9M | 113,058 | 4.1% | 3 |
| FIRST TR EXCHANGE-TRADED FD | [LMBS](https://holderbook.com/stocks/LMBS/) | $10.3M | 205,968 | 3.6% | 5 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $5.7M | 62,008 | 2.0% | 16 |
| J P MORGAN EXCHANGE TRADED F | [JPST](https://holderbook.com/stocks/JPST/) | $5.7M | 111,746 | 2.0% | 16 |
| ISHARES TR | [ICSH](https://holderbook.com/stocks/ICSH/) | $5.7M | 111,382 | 2.0% | 16 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $3.8M | 5 | 1.3% | 16 |
| SCHWAB STRATEGIC TR | [SCHA](https://holderbook.com/stocks/SCHA/) | $3.0M | 107,780 | 1.0% | 16 |
| PIMCO ETF TR | [MUNI](https://holderbook.com/stocks/MUNI/) | $3.0M | 57,322 | 1.0% | 16 |
| SPDR SERIES TRUST | [SPMD](https://holderbook.com/stocks/SPMD/) | $2.8M | 48,934 | 1.0% | 11 |
| JANUS DETROIT STR TR | [JAAA](https://holderbook.com/stocks/JAAA/) | $2.8M | 54,571 | 1.0% | 12 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.5M | 4,854 | 0.9% | 16 |
| SPDR SERIES TRUST | [SHM](https://holderbook.com/stocks/SHM/) | $2.2M | 45,999 | 0.8% | 16 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $2.2M | 20,206 | 0.7% | 16 |
| VANECK ETF TRUST | [MOAT](https://holderbook.com/stocks/MOAT/) | $2.0M | 20,492 | 0.7% | 8 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $1.9M | 18,262 | 0.7% | 11 |
| ISHARES TR | [IGSB](https://holderbook.com/stocks/IGSB/) | $1.8M | 33,249 | 0.6% | 16 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $1.7M | 5,255 | 0.6% | 10 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $1.7M | 3,392 | 0.6% | 13 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $1.7M | 1,785 | 0.6% | 9 |
| ALKAMI TECHNOLOGY INC | [ALKT](https://holderbook.com/stocks/ALKT/) | $1.2M | 46,310 | 0.4% | 16 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $977.0K | 10,687 | 0.3% | 16 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $972.4K | 3,819 | 0.3% | 16 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $953.8K | 2,086 | 0.3% | 16 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $724.7K | 1,511 | 0.3% | 16 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $698.8K | 4,500 | 0.2% | 8 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $641.4K | 2,921 | 0.2% | 16 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $616.6K | 2,101 | 0.2% | 16 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $613.9K | 2,178 | 0.2% | 16 |
| GOLDMAN SACHS ETF TR | [GSLC](https://holderbook.com/stocks/GSLC/) | $472.0K | 3,623 | 0.2% | 16 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $455.5K | 10,365 | 0.2% | 7 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $364.0K | 1,952 | 0.1% | 16 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $360.2K | 1,055 | 0.1% | 16 |
| SELECT SECTOR SPDR TR | [XLC](https://holderbook.com/stocks/XLC/) | $336.8K | 2,845 | 0.1% | 8 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $318.3K | 2,287 | 0.1% | 16 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $304.3K | 5,649 | 0.1% | 8 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $303.8K | 4,440 | 0.1% | 12 |
| INVESCO EXCH TRADED FD TR II | [IFLN](https://holderbook.com/stocks/IFLN/) | $292.8K | 15,761 | 0.1% | 7 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $268.4K | 951 | 0.1% | 13 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $253.4K | 898 | 0.1% | 5 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $251.8K | 1,002 | 0.1% | 16 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $245.9K | 1,516 | 0.1% | 3 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $237.1K | 1,024 | 0.1% | 1 |
| CENTERSPACE | [CSR](https://holderbook.com/stocks/CSR/) | $227.4K | 3,860 | 0.1% | 16 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $224.5K | 1,991 | 0.1% | 16 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $215.8K | 1,000 | 0.1% | 2 |
| ISHARES TR | [IWP](https://holderbook.com/stocks/IWP/) | $215.6K | 1,514 | 0.1% | 16 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $212.4K | 699 | 0.1% | 16 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $211.2K | 3,185 | 0.1% | 16 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $205.6K | 700 | 0.1% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2025 | +4.0% | +7.8% | -3.8% | 100% |
| Q2 2025 | +4.5% | +10.5% | -5.9% | 100% |
| Q1 2025 | -1.9% | -4.6% | +2.6% | 100% |
| Q4 2024 | -0.8% | +2.1% | -3.0% | 100% |
| Q3 2024 | +4.4% | +5.4% | -1.0% | 100% |
| Q2 2024 | +0.0% | +4.0% | -4.0% | 100% |
| Q1 2024 | +5.8% | +10.0% | -4.2% | 100% |
| Q4 2023 | +6.2% | +11.2% | -5.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2025 | $287.7M | 56 |
| Q2 2025 | $287.5M | 63 |
| Q1 2025 | $316.2M | 70 |
| Q4 2024 | $308.7M | 70 |
| Q3 2024 | $312.0M | 74 |
| Q2 2024 | $290.6M | 71 |
| Q1 2024 | $289.7M | 69 |
| Q4 2023 | $255.7M | 68 |
| Q3 2023 | $277.9M | 72 |
| Q2 2023 | $313.9M | 87 |
| Q1 2023 | $301.9M | 87 |
| Q4 2022 | $293.6M | 83 |