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Hills Bank & Trust Co — 13F Holdings & Portfolio

CIK 1309148 · latest 13F-HR filed 2026-08-10

Backtest portfolio

Hills Bank & Trust Co manages $2.35B in 13F-reported U.S. long-equity assets across 559 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are SPYM (12.74%), VEA (7.29%), SPY (6.34%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 45 new positions, exited 17, added to 174, and trimmed 92.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

Filer Information
Address
590 WEST FOREVERGREEN ROAD
NORTH LIBERTY, IA 52317
Phone
(319) 665-5778
Filing Manager
Hills Bank & Trust Co
North Liberty, IA
Signatory
Joni McFarland
SVP, Trust Accounting and Operations Lead
Loading holdings…
AUM

$2.35B

Long-equity book

Holdings

559

Distinct positions

Period

2026-06-30

Filed 2026-08-10

Q/Q Activity

+45 / −17 / ↑174 / ↓92

vs 2026-03-31

Firm Profile & Key People
Name Title / Status Ownership Type

Top Adds (vs prior quarter)

  • FEDERATED HERMES ETF TRUST$69.4M +97.1%
  • J P MORGAN EXCHANGE TRADED F$41.2M +206.2%
  • SPDR SERIES TRUST$28.3M +10.4%
  • VANGUARD TAX-MANAGED FDS$27.4M +19.1%
  • STATE STR SPDR S&P 500 ETF T$17.3M +12.6%
Show all 174 →

Top Trims

  • INVESCO EXCH TRD SLF IDX FD-$33.3M -77.1%
  • INVESCO EXCH TRD SLF IDX FD-$27.8M -48.7%
  • INVESCO EXCH TRD SLF IDX FD-$26.4M -60.2%
  • INVESCO EXCH TRD SLF IDX FD-$26.3M -57.5%
  • INVESCO EXCH TRD SLF IDX FD-$25.2M -49.7%
Show all 92 →

New Positions

  • VANGUARD WELLESLEY INCOME FD$27.1M
  • VANGUARD WELLESLEY INCOME FD$26.9M
  • VANGUARD WELLESLEY INCOME FD$24.0M
  • VANGUARD WELLESLEY INCOME FD$24.0M
  • VANGUARD WELLESLEY INCOME FD$24.0M
Show all 45 →

Exited Positions

  • HONEYWELL INTL INC$1.5M
  • DUPONT DE NEMOURS INC$458.5K
  • FLEXSHARES TR$349.1K
  • SYNOPSYS INC$203.8K
  • MANHATTAN ASSOCIATES INC$178.0K
Show all 17 →
All Holdings

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 SPDR SERIES TRUST SPYM 78464A854 $299.5M 12.74% 3,407,692 SH
2 VANGUARD TAX-MANAGED FDS VEA 921943858 $171.2M 7.29% 2,403,265 SH
3 STATE STR SPDR S&P 500 ETF T SPY 78462F103 $149.0M 6.34% 199,592 SH
4 FEDERATED HERMES ETF TRUST FTRB 31423L404 $140.8M 5.99% 5,609,335 SH
5 AMERICAN CENTY ETF TR AVLC 025072158 $101.2M 4.31% 1,124,745 SH
6 SPDR SERIES TRUST SPMD 78464A847 $82.1M 3.49% 1,214,820 SH
7 STATE STR SPDR S&P MIDCAP 40 MDY 78467Y107 $77.0M 3.28% 109,437 SH
8 VANGUARD INTL EQUITY INDEX F VWO 922042858 $72.5M 3.08% 1,213,794 SH
9 J P MORGAN EXCHANGE TRADED F JPIB 46641Q852 $61.1M 2.60% 1,264,549 SH
10 SPDR INDEX SHS FDS GII 78463X855 $56.7M 2.41% 748,660 SH
11 NVIDIA CORPORATION NVDA 67066G104 $43.9M 1.87% 219,470 SH
12 ALPHABET INC GOOG 02079K107 $35.3M 1.50% 99,974 SH
13 APPLE INC AAPL 037833100 $34.9M 1.49% 120,626 SH
14 INVESCO EXCH TRD SLF IDX FD BSCQ 46138J791 $29.3M 1.25% 1,499,770 SH
15 INVESCO EXCH TRD SLF IDX FD BSCR 46138J783 $27.3M 1.16% 1,390,074 SH
16 VANGUARD WELLESLEY INCOME FD VBCE 921938866 $27.0M 1.15% 357,650 SH
17 VANGUARD WELLESLEY INCOME FD VBCF 921938858 $26.9M 1.14% 355,488 SH
18 INVESCO EXCH TRD SLF IDX FD BSCS 46138J643 $25.5M 1.08% 1,250,435 SH
19 FLEXSHARES TR GUNR 33939L407 $24.8M 1.05% 502,310 SH
20 VANGUARD WELLESLEY INCOME FD VBCA 921938700 $24.0M 1.02% 316,849 SH
21 VANGUARD WELLESLEY INCOME FD VBCB 921938809 $24.0M 1.02% 317,069 SH
22 VANGUARD WELLESLEY INCOME FD VBCC 921938882 $24.0M 1.02% 316,957 SH
23 VANGUARD WELLESLEY INCOME FD VBCD 921938874 $23.9M 1.02% 316,406 SH
24 MICROSOFT CORP MSFT 594918104 $23.2M 0.99% 62,269 SH
25 INVESCO EXCH TRD SLF IDX FD BSCT 46138J577 $19.4M 0.83% 1,046,645 SH
26 VANGUARD BD INDEX FDS BND 921937835 $19.0M 0.81% 258,914 SH
27 INVESCO EXCH TRD SLF IDX FD BSCU 46138J460 $17.4M 0.74% 1,047,500 SH
28 JPMORGAN CHASE & CO JPM 46625H100 $17.0M 0.72% 51,967 SH
29 INVESCO EXCH TRD SLF IDX FD BSMT 46138J478 $15.3M 0.65% 664,948 SH
30 ISHARES TR EFA 464287465 $14.8M 0.63% 142,318 SH
31 SPDR SERIES TRUST SPYV 78464A508 $13.3M 0.57% 218,467 SH
32 ISHARES TR IBMP 46435U283 $12.9M 0.55% 508,428 SH
33 AMAZON COM INC AMZN 023135106 $12.7M 0.54% 53,439 SH
34 PALO ALTO NETWORKS INC PANW 697435105 $12.4M 0.53% 36,340 SH
35 KLA CORP KLAC 482480100 $12.0M 0.51% 39,793 SH
36 ISHARES TR IBMQ 46435U325 $11.9M 0.51% 464,604 SH
37 PROCTER & GAMBLE CO PG 742718109 $11.2M 0.48% 76,592 SH
38 FASTENAL CO FAST 311900104 $11.2M 0.48% 233,147 SH
39 DIMENSIONAL ETF TRUST DFIC 25434V799 $10.8M 0.46% 290,139 SH
40 INVESCO EXCH TRD SLF IDX FD BSCV 46138J429 $9.9M 0.42% 602,856 SH
41 HOME DEPOT INC HD 437076102 $9.7M 0.41% 27,570 SH
42 ISHARES TR IBMO 46435U259 $9.7M 0.41% 378,134 SH
43 INVESCO EXCH TRD SLF IDX FD BSMU 46138J445 $8.9M 0.38% 405,165 SH
44 ISHARES TR IBDW 46436E486 $8.4M 0.36% 405,071 SH
45 JOHNSON & JOHNSON JNJ 478160104 $8.0M 0.34% 31,381 SH
46 INVESCO EXCH TRD SLF IDX FD BSMV 46138J411 $7.6M 0.32% 360,323 SH
47 COSTCO WHOLESALE CORPORATION COST 22160K105 $7.4M 0.31% 7,859 SH
48 VANGUARD INDEX FDS VOO 922908363 $7.0M 0.30% 10,173 SH
49 META PLATFORMS INC META 30303M102 $7.0M 0.30% 12,349 SH
50 ISHARES TR IJR 464287804 $6.6M 0.28% 44,693 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-10 $2.35B 559 0001309148-26-000015
2026-03-31 2026-05-01 $2.07B 525 0001309148-26-000011
2025-12-31 2026-02-05 $1.72B 508 0001309148-26-000002