SEC 13F Intelligence

Managers / Q3 2025

First International Bank & Trust

CIK 0001910370 · 100 NORTH MAIN STREET, WATFORD CITY, ND, 58854 · 602-396-1981

Reported Value
$288M
Q3 2025
Positions
84
Filings on Record
16
2019–present window
Filed
Oct 7, 2025
original filing

Summary

First International Bank & Trust reported $288M in U.S.-listed holdings across 84 positions for Q3 2025.

The portfolio is heavily concentrated: Anfield Capital Universal Fixed Income alone accounts for 23.7% of reported value.

Compared with Q2 2025, the fund opened 2 new positions and exited 9.

Portfolio Metrics

Turnover
+2.4%
vs prior filed quarter
Top-10 Concentration
+76.0%
share of reported value
Largest Position
+23.7%
Anfield Capital Universal Fixed Income
New / Exited
2 / 9
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q1 ’22: $294MQ1 ’22Q2 ’22: $273MQ3 ’22: $266MQ3 ’22Q2 ’23: $314MQ3 ’23: $278MQ3 ’23Q4 ’23: $256MQ1 ’24: $290MQ1 ’24Q2 ’24: $291MQ3 ’24: $312MQ3 ’24Q4 ’24: $309MQ1 ’25: $316MQ1 ’25Q2 ’25: $287MQ3 ’25: $288MQ3 ’25filingsflow.com

Portfolio Composition

By security type
ETP: 62.5%Other: 30.0%Common Stock: 7.5%REIT: 0.1%
  • ETP · 62.5% · $180M
  • Other · 30.0% · $86M
  • Common Stock · 7.5% · $22M
  • REIT · 0.1% · $227,354

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ABBVABBVIE INCNEW+1.0K1.0K+$237,097$237,097
VANGUARD MID-CAP INDEXNEW+700700+$205,618$205,618
PPLTUSDABRDN PLATINUM ETF TRUSTSOLD OUT−6.1K0−$755,036$0
SLVISHARES SILVER TRUST ISHARESSOLD OUT−16.1K0−$527,125$0
iShares Floating Rate Bond ETFSOLD OUT−7.7K0−$394,997$0
ORCLORACLE CORPORATIONSOLD OUT−1.2K0−$256,672$0
AFLAFLAC INCSOLD OUT−2.3K0−$247,304$0
LMTLOCKHEED MARTIN CORPORATIONSOLD OUT−4820−$223,233$0

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2025

35 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ANFIELD CAPITAL UNIVERSAL FIXED INCOMEFixed Income ETF24.83%$71M7.61M
2INVESCO EXCHANGE TRADED FD TRExchange Traded Fund14.27%$41M560.1K
3STATE STREET SPDR MULTI-ASSET REAL RETURNExchange Traded Fund8.34%$24M776.9K
4STATE STREET SPDR S&P 500 INDEXExchange Traded Fund6.78%$20M29.3K
5WisdomTree Japan Hedged Equity FundInternational Equity ETF6.35%$18M142.7K
6ANFIELD CAPITAL US EQUITY SECTOR ROTATIONExchange Traded Fund5.12%$15M715.9K
7BLACKROCK ISHARES US SMALL-CAP EQUITY FACTORExchange Traded Fund4.61%$13M178.5K
8INVESCO S&P MID-CAP QUALITYExchange Traded Fund4.12%$12M113.1K
9FIRST TRUST LOW DURATION OPPORTUNITIESFixed Income ETF3.45%$10M199.1K
10JP MORGAN ULTRA-SHORT INCOMEFixed Income ETF1.97%$6M111.7K
11BLACKROCK ISHARES ULTRA SHORT-TERM BONDFixed Income ETF1.96%$6M111.4K
12STATE STREET SPDR BLOOMBERG 1-3 MONTH T-BILLFixed Income ETF1.96%$6M61.4K
13BRK/ABERKSHIRE HATHAWAY INC. DEL CL ACommon Stock1.90%$5M3.4K
14PIMCO INTERMEDIATE MUNICIPAL BOND ACTIVEFixed Income ETF1.04%$3M57.3K
15STATE STREET SPDR S&P 400 MID-CAPExchange Traded Fund0.97%$3M48.9K
16SCHWAB US SMALL-CAPExchange Traded Fund0.97%$3M99.8K
17JANUS HENDERSON AAA CLOFixed Income ETF0.96%$3M54.6K
18MSFTMICROSOFTCommon Stock0.87%$3M4.9K
19STATE STREET SPDR NUVEEN BLMBERG SHORT TERM MUNIFixed Income ETF0.77%$2M46.0K
20BLACKROCK ISHARES NATIONAL MUNICIPAL BONDFixed Income ETF0.75%$2M20.2K
21VANECK MORNINGSTAR WIDE MOATExchange Traded Fund0.71%$2M20.5K
22WMTWAL-MART STORES, INCCommon Stock0.65%$2M18.3K
23BLACKROCK ISHARES 1-5 YEAR INVESTMENT GRADEFixed Income ETF0.61%$2M33.2K
24AXPAMERICAN EXPRESS COCommon Stock0.61%$2M5.3K
25COSTCOSTCO WHOLESALE CORPORATIONCommon Stock0.57%$2M1.8K
26ALKTALKAMI TECHNOLOGY INCCommon Stock0.40%$1M46.3K
27VANGUARD REAL ESTATE INDEXExchange Traded Fund0.34%$977,00610.7K
28VUGVANGUARD GROWTH INDEXExchange Traded Fund0.25%$724,6911.5K
29CHVCHEVRON CORPORATION COMMONCommon Stock0.24%$698,8054.5K
30AAPLAPPLE INCCommon Stock0.22%$636,5752.5K
31ADPAUTOMATIC DATA PROCESSINGCommon Stock0.21%$616,6442.1K
32STATE STREET SPDR TECHNOLOGYExchange Traded Fund0.21%$613,8912.2K
33AMZNAMAZON INC COMMONCommon Stock0.20%$586,4712.7K
34DEDEERE & COMPANYCommon Stock0.20%$563,3441.2K
35GOLDMAN SACHS ACTIVEBETA US LARGE CAP EQUITYExchange Traded Fund0.16%$472,0043.6K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q3 2025$288M84Oct 7, 202513F-HRchanges · EDGAR ↗
Q2 2025$287M95Jul 8, 202513F-HRchanges · EDGAR ↗
Q1 2025$316M96May 12, 202513F-HRchanges · EDGAR ↗
Q4 2024$309M97Jan 10, 202513F-HRchanges · EDGAR ↗
Q3 2024$312M104Oct 4, 202413F-HRchanges · EDGAR ↗
Q2 2024$291M102Jul 3, 202413F-HRchanges · EDGAR ↗
Q1 2024$290M106Apr 16, 202413F-HRchanges · EDGAR ↗
Q4 2023$256M105Jan 9, 202413F-HRchanges · EDGAR ↗
Q3 2023$278M115Oct 12, 202313F-HRchanges · EDGAR ↗
Q2 2023$314M127Jul 17, 202313F-HRchanges · EDGAR ↗
Q1 2023Under review114Apr 14, 202313F-HRchanges · EDGAR ↗
Q4 2022Under review112Feb 9, 202313F-HRchanges · EDGAR ↗
Q3 2022$266M113Nov 1, 202213F-HRchanges · EDGAR ↗
Q2 2022$273M114Aug 9, 202213F-HRchanges · EDGAR ↗
Q1 2022$294M152Apr 8, 202213F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 2 additional managers.

  • None
  • Wealth Enhancement Trust Services, LLC

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.