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Hills Bank & Trust Co

Institutional InvestorSimilar funds →SEC EDGAR: CIK 1309148
Institutional-grade research for retail investors

Sector Allocation

  • Other69.0%$1.6B
  • Financials11.5%$270.2M
  • Technology9.8%$229.3M
  • Industrials2.5%$58.5M
  • Healthcare2.0%$47.5M
  • Consumer Discretionary2.0%$47.0M
  • Consumer Staples1.6%$36.4M
  • Energy0.6%$15.0M
  • Utilities0.5%$12.4M
  • Materials0.2%$5.0M

AUM History

13fpro.ai/research/fund/hills-bank-and-trust-co-1309148

Conviction and streaks

Concentrating · top 10 = 51.9%

From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.

Largest positions — Q2 2026

  • SPDR
    $299.8M
  • VANGUARD
    $171.5M
  • SPYSPY
    $154.8M
  • FEDERATED
    $140.9M
  • AMERICAN
    $101.3M
  • SPDR
    $82.2M
  • MDYMDY
    $78.5M
  • VANGUARD
    $72.8M
  • J
    $61.2M
  • SPDR
    $56.7M
  • NVDANVDA
    $44.5M
  • GOOGGOOG
    $39.6M
  • AAPLAAPL
    $36.2M
  • IVZIVZ
    $29.3M
  • IVZIVZ
    $27.3M
  • VANGUARD
    $27.1M
  • VANGUARD
    $26.9M
  • MSFTMSFT
    $25.9M
  • IVZIVZ
    $25.5M
  • FLEXSHARES
    $24.8M

Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.

13fpro.ai/research/fund/hills-bank-and-trust-co-1309148

Hills Bank & Trust Co 13F holdings — Q2 2026

$2.3B portfolio (+13.6% QoQ) · 383 holdings · Q2 2026 13F · top 10 are 52% of the stock portfolio

  • 1

    SPDR SERIES TRUST - STATE STREET SPD

    $299.8M

    12.8% of stocks

    -4%This quarter—Since filed—Held
    AIQuality—Est. buy—
  • 2

    VANGUARD TAX-MANAGED FDS - VAN FTSE DEV MKT

    $171.5M

    7.3% of stocks

    +7%This quarter—Since filed—Held
    AIQuality—Est. buy—
  • $154.8M

    6.6% of stocks

    -2%This quarter-1.0%Since filed10+ qtrsHeld
    AIQuality—Est. buyEstimated buy price is Pro: unlock with a free trialTrimmed 2 qtrs in a row
  • 4

    FEDERATED HERMES ETF TRUST - HERMES TOTAL RET

    $140.9M

    6.0% of stocks

    +97%This quarter—Since filed—Held
    AIQuality—Est. buy—
  • 5

    AMERICAN CENTY ETF TR - AVANTIS US LARG

    $101.3M

    4.3% of stocks

    -5%This quarter—Since filed—Held
    AIQuality—Est. buy—
  • 6

    SPDR SERIES TRUST - STATE STREET SPD

    $82.2M

    3.5% of stocks

    -6%This quarter—Since filed—Held
    AIQuality—Est. buy—
  • -3%This quarter-5.9%Since filed10+ qtrsHeld
    AIQuality—Est. buyEstimated buy price is Pro: unlock with a free trialTrimmed 3 qtrs in a row
  • 8

    VANGUARD INTL EQUITY INDEX F - FTSE EMR MKT ETF

    $72.8M

    3.1% of stocks

    +8%This quarter—Since filed—Held
    AIQuality—Est. buy—
  • 9

    J P MORGAN EXCHANGE TRADED F - INTL BD OPP ETF

    $61.2M

    2.6% of stocks

    +203%This quarter—Since filed—Held
    AIQuality—Est. buy—
  • 10

    SPDR INDEX SHS FDS - STATE STREET SPD

    $56.7M

    2.4% of stocks

    -2%This quarter—Since filed—Held
    AIQuality—Est. buy—

All holdings — Hills Bank & Trust Co (Q2 2026)

383 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.

Company
NVDA$NVDANVIDIA CORP$44.5M-2%
GOOG$GOOGAlphabet Inc.$39.6M-2%
AAPL$AAPLApple Inc.$36.2M-3%
IVZ$IVZInvesco Ltd.$29.3M-49%
IVZ$IVZInvesco Ltd.$27.3M-48%
— VANGUARD WELLESLEY INCOME FD - TARGET MATURITYetf/fund$27.1MNew
— VANGUARD WELLESLEY INCOME FD - TARGET MATURITYetf/fund$26.9MNew
MSFT$MSFTMICROSOFT CORP$25.9M-2%
IVZ$IVZInvesco Ltd.$25.5M-50%
— FLEXSHARES TR - MORNSTAR UPSTR$24.8M-2%
— VANGUARD BD INDEX FDS - TOTAL BND MRKTetf/fund$24.3M-8%
— VANGUARD WELLESLEY INCOME FD - TARGET MATURITYetf/fund$24.0MNew
— VANGUARD WELLESLEY INCOME FD - TARGET MATURITYetf/fund$24.0MNew
— VANGUARD WELLESLEY INCOME FD - TARGET MATURITYetf/fund$24.0MNew
— VANGUARD WELLESLEY INCOME FD - TRGT MTRTY 2030etf/fund$23.9MNew

What changed in Q2 2026

Against the previous quarter's 13F: 43 new, 110 added to, 157 trimmed, 16 sold out. Share-count changes; largest moves by dollar size first.

New positions (43)

  • VANGUARD WELLESLEY INCOME FD - TARGET MATURITY$27.1M

    first bought this quarter

  • VANGUARD WELLESLEY INCOME FD - TARGET MATURITY$26.9M

    first bought this quarter

  • VANGUARD WELLESLEY INCOME FD - TARGET MATURITY$24.0M

    first bought this quarter

  • VANGUARD WELLESLEY INCOME FD - TARGET MATURITY$24.0M

    first bought this quarter

  • VANGUARD WELLESLEY INCOME FD - TARGET MATURITY$24.0M

    first bought this quarter

  • VANGUARD WELLESLEY INCOME FD - TRGT MTRTY 2030$23.9M

    first bought this quarter

+37 more in the Excel export

Added to (110)

  • FEDERATED HERMES ETF TRUST - HERMES TOTAL RET+97%

    now $140.9M

  • J P MORGAN EXCHANGE TRADED F - INTL BD OPP ETF+203%

    now $61.2M

  • VANGUARD TAX-MANAGED FDS - VAN FTSE DEV MKT+7%

    now $171.5M

  • KLAC$KLACKLA CORP+904%

    now $12.4M · held 10+ qtrs

  • ISHARES TR - IBONDS DEC 2031+526%

    now $8.4M

  • VANGUARD INTL EQUITY INDEX F - FTSE EMR MKT ETF+8%

    now $72.8M

+104 more in the Excel export

Trimmed (157)

  • IVZ$IVZInvesco Ltd.-49%

    now $29.3M · held 10+ qtrs

  • SPDR SERIES TRUST - STATE STREET SPD-4%

    now $299.8M

  • DIMENSIONAL ETF TRUST - INTL CORE EQUITY-37%

    now $10.8M

  • AMERICAN CENTY ETF TR - AVANTIS US LARG-5%

    now $101.3M

  • SPY$SPYSPDR S&P 500 ETF TRUST-2%

    now $154.8M · held 10+ qtrs, 2 trims in a row

  • MDY$MDYSPDR S&P MIDCAP 400 ETF TRUST-3%

    now $78.5M · held 10+ qtrs, 3 trims in a row

+151 more in the Excel export

Sold out (16)

  • HON$HONHONEYWELL INTERNATIONAL INCwas $1.5M

    held 9+ qtrs

  • DD$DDDuPont de Nemours, Inc.was $458K

    held 9+ qtrs

  • FLEXSHARES TRwas $349K
  • SNPS$SNPSSYNOPSYS INCwas $204K

    held 3 qtrs

  • MANH$MANHMANHATTAN ASSOCIATES INCwas $178K

    held 8 qtrs

  • INTU$INTUINTUIT INC.was $166K

+10 more in the Excel export

Holdings by quarter

Every 13F Hills Bank & Trust Co has filed, 40 earlier quarters. Pick one to see what it held then.

Email me the moment this fund files its next 13FPro

Is it too late to follow Hills Bank?

Q2 2026 13F filed with the SEC on Aug 10, 2026. Prices are closing prices as of Oct 26, 2026.

Average quality of Hills Bank's top 20 holdings: 75/100 (our AI quality score, weighted by position size; 17 of the 20 are scored)

Top 10 since filing

-4.5%

Value-weighted move of the 10 largest stock positions

Turnover

11%

Last quarter; 23% over the last 4

Top 10 weight

52%

Share of the stock portfolio in its 10 largest positions

Held 4+ quarters

99%

Share of portfolio value in positions held a year or more

Highest-quality names it owns(among its 100 largest positions)

The 8 highest-scoring companies in this portfolio are a Pro feature.

How these are measured
  • Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
  • Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
  • Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
  • Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
  • Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.

Portfolio Overview

Hills Bank & Trust Co disclosed 383 positions worth $2.3B in its Form 13F-HR for Q2 2026. During the quarter the fund opened 43 new positions and exited 16 and a full exit from $HON. The portfolio is most concentrated in Other (69.0% of disclosed assets). All figures are sourced directly from Hills Bank & Trust Co’s Form 13F-HR filing with the SEC under CIK 1309148.

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AI-Powered Hedge Fund Analysis: Hills Bank & Trust Co

13F Pro is an AI hedge fund tracker and stock research platform. For Hills Bank & Trust Co (SEC CIK: 1309148), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.

Every holding in Hills Bank & Trust Co's portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.