Hills Bank & Trust Co — 13F Holdings & Portfolio
CIK 1309148 · latest 13F-HR filed 2026-08-10
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 and exited 17; 174 existing positions rose in reported value and 92 fell.
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.
Long-equity book
Distinct positions
Filed 2026-08-10
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
3 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 51.9%Cumulative share of the portfolio held in the largest N positions.
| Name | Title / Status | Ownership | Type |
|---|
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
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%
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%
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
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
Hills Bank & Trust Co Holdings (2026-06-30)
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 |
| 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 |
NORTH LIBERTY, IA 52317