Hills Bank & Trust Co — 13F Holdings & Portfolio
CIK 1309148 · latest 13F-HR filed 2026-05-01
Hills Bank & Trust Co manages $2.07B in 13F-reported U.S. long-equity assets across 525 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are SPYM (13.11%), VEA (6.95%), SPY (6.40%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 29 new positions, exited 14, added to 105, and trimmed 128.
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.
$2.07B
Long-equity book
525
Distinct positions
2026-03-31
Filed 2026-05-01
+29 / −14 / ↑105 / ↓128
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- SPDR SERIES TRUST$238.5M +723.7%
- AMERICAN CENTY ETF TR$91.1M +7998.6%
- SPDR INDEX SHS FDS$31.9M +122.4%
- FEDERATED HERMES ETF TRUST$4.5M +6.7%
- DIMENSIONAL ETF TRUST$4.3M +35.3%
Top Trims
- SPDR SERIES TRUST-$20.1M -58.8%
- MICROSOFT CORP-$9.8M -27.2%
- STATE STR SPDR S&P 500 ETF T-$8.6M -5.9%
- ALPHABET INC-$4.0M -10.9%
- NVIDIA CORPORATION-$3.8M -8.8%
New Positions
- ISHARES TR$1.4M
- ISHARES TR$1.2M
- SELECT SECTOR SPDR TR$916.0K
- ISHARES TR$877.1K
- SELECT SECTOR SPDR TR$855.3K
Exited Positions
- WEST PHARMACEUTICAL SVSC INC$229.7K
- ENBRIDGE INC$203.9K
- MIDWESTONE FINL GROUP INC NE$189.4K
- FLEXSHARES TR$150.3K
- FIDELITY WISE ORIGIN BITCOIN$136.1K
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 | $271.2M | 13.11% | 3,543,668 | SH |
| 2 | VANGUARD TAX-MANAGED FDS | VEA | 921943858 | $143.9M | 6.95% | 2,244,861 | SH |
| 3 | STATE STR SPDR S&P 500 ETF T | SPY | 78462F103 | $132.5M | 6.40% | 203,711 | SH |
| 4 | AMERICAN CENTY ETF TR | AVLC | 025072158 | $92.1M | 4.45% | 1,187,749 | SH |
| 5 | SPDR SERIES TRUST | SPMD | 78464A847 | $76.5M | 3.70% | 1,292,578 | SH |
| 6 | FEDERATED HERMES ETF TRUST | FTRB | 31423L404 | $71.5M | 3.45% | 2,842,333 | SH |
| 7 | STATE STR SPDR S&P MIDCAP 40 | MDY | 78467Y107 | $70.1M | 3.39% | 113,645 | SH |
| 8 | VANGUARD INTL EQUITY INDEX F | VWO | 922042858 | $60.5M | 2.93% | 1,119,874 | SH |
| 9 | SPDR INDEX SHS FDS | GII | 78463X855 | $57.9M | 2.80% | 761,668 | SH |
| 10 | INVESCO EXCH TRD SLF IDX FD | BSCQ | 46138J791 | $57.1M | 2.76% | 2,921,411 | SH |
| 11 | INVESCO EXCH TRD SLF IDX FD | BSCR | 46138J783 | $52.0M | 2.51% | 2,647,853 | SH |
| 12 | INVESCO EXCH TRD SLF IDX FD | BSCS | 46138J643 | $50.6M | 2.45% | 2,479,546 | SH |
| 13 | INVESCO EXCH TRD SLF IDX FD | BSCT | 46138J577 | $45.7M | 2.21% | 2,451,202 | SH |
| 14 | INVESCO EXCH TRD SLF IDX FD | BSCU | 46138J460 | $43.8M | 2.12% | 2,619,718 | SH |
| 15 | INVESCO EXCH TRD SLF IDX FD | BSCV | 46138J429 | $43.2M | 2.09% | 2,622,644 | SH |
| 16 | NVIDIA CORPORATION | NVDA | 67066G104 | $39.3M | 1.90% | 225,407 | SH |
| 17 | APPLE INC | AAPL | 037833100 | $31.8M | 1.53% | 125,116 | SH |
| 18 | ALPHABET INC | GOOG | 02079K107 | $29.8M | 1.44% | 103,711 | SH |
| 19 | FLEXSHARES TR | GUNR | 33939L407 | $28.2M | 1.36% | 511,578 | SH |
| 20 | MICROSOFT CORP | MSFT | 594918104 | $23.9M | 1.15% | 64,525 | SH |
| 21 | VANGUARD BD INDEX FDS | BND | 921937835 | $21.5M | 1.04% | 291,299 | SH |
| 22 | J P MORGAN EXCHANGE TRADED F | JPIB | 46641Q852 | $20.0M | 0.97% | 417,768 | SH |
| 23 | DIMENSIONAL ETF TRUST | DFIC | 25434V799 | $16.3M | 0.79% | 459,090 | SH |
| 24 | JPMORGAN CHASE & CO | JPM | 46625H100 | $15.7M | 0.76% | 53,422 | SH |
| 25 | INVESCO EXCH TRD SLF IDX FD | BSMT | 46138J478 | $15.2M | 0.73% | 659,279 | SH |
| 26 | ISHARES TR | EFA | 464287465 | $14.6M | 0.71% | 150,312 | SH |
| 27 | SPDR SERIES TRUST | SPYV | 78464A508 | $14.0M | 0.68% | 247,360 | SH |
| 28 | PROCTER & GAMBLE CO | PG | 742718109 | $11.6M | 0.56% | 80,114 | SH |
| 29 | ISHARES TR | IBMP | 46435U283 | $11.3M | 0.55% | 443,458 | SH |
| 30 | FASTENAL CO | FAST | 311900104 | $11.3M | 0.55% | 243,075 | SH |
| 31 | AMAZON COM INC | AMZN | 023135106 | $11.2M | 0.54% | 53,792 | SH |
| 32 | ISHARES TR | IBMQ | 46435U325 | $10.2M | 0.49% | 397,905 | SH |
| 33 | INVESCO EXCH TRD SLF IDX FD | BSMU | 46138J445 | $10.1M | 0.49% | 460,879 | SH |
| 34 | INVESCO EXCH TRD SLF IDX FD | BSMV | 46138J411 | $10.0M | 0.48% | 479,643 | SH |
| 35 | ISHARES TR | IBMO | 46435U259 | $10.0M | 0.48% | 390,183 | SH |
| 36 | HOME DEPOT INC | HD | 437076102 | $9.6M | 0.47% | 29,270 | SH |
| 37 | COSTCO WHOLESALE CORPORATION | COST | 22160K105 | $8.0M | 0.39% | 7,998 | SH |
| 38 | JOHNSON & JOHNSON | JNJ | 478160104 | $7.7M | 0.37% | 31,611 | SH |
| 39 | INTERCONTINENTAL EXCHANGE IN | ICE | 45866F104 | $7.5M | 0.36% | 47,610 | SH |
| 40 | META PLATFORMS INC | META | 30303M102 | $7.3M | 0.35% | 12,691 | SH |
| 41 | EXXON MOBIL CORP | XOM | 30231G102 | $7.1M | 0.35% | 42,138 | SH |
| 42 | MASTERCARD INCORPORATED | MA | 57636Q104 | $6.4M | 0.31% | 12,815 | SH |
| 43 | MCDONALDS CORP | MCD | 580135101 | $6.2M | 0.30% | 19,947 | SH |
| 44 | VANGUARD INDEX FDS | VOO | 922908363 | $6.0M | 0.29% | 10,093 | SH |
| 45 | KLA CORP | KLAC | 482480100 | $6.0M | 0.29% | 4,087 | SH |
| 46 | ILLINOIS TOOL WKS INC | ITW | 452308109 | $6.0M | 0.29% | 22,957 | SH |
| 47 | PALO ALTO NETWORKS INC | PANW | 697435105 | $6.0M | 0.29% | 37,129 | SH |
| 48 | INVESCO EXCH TRD SLF IDX FD | BSMS | 46138J486 | $5.8M | 0.28% | 246,890 | SH |
| 49 | ISHARES TR | IJR | 464287804 | $5.8M | 0.28% | 46,331 | SH |
| 50 | TJX COS INC NEW | TJX | 872540109 | $5.6M | 0.27% | 35,361 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-01 | $2.07B | 525 | 0001309148-26-000011 |
| 2025-12-31 | 2026-02-05 | $1.72B | 508 | 0001309148-26-000002 |