Hills Bank & Trust Co
Long book
$2.07B
Q1 2026
Positions
355
Top-10 weight
50%
concentration
Last quarter
+9.3%
SPY +14.8%
Turnover
12%
of book per quarter
Strategy in plain words
auto-generated from filingsHills Bank & Trust Co is a wealth-management firm allocating client money, running a $2.07B US long book across 355 positions.
The portfolio is concentrated: the top 10 names carry 50% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: STE STR SPDR PT S&P 500 ETF, VANGUARD FTSE DEVELOPED ETF, SS SPDR S&P 500 ETF TRUST-US, AVANTIS US LG CAP EQ ETF, SS SPDR P S&P 400 MIDCAP ETF.
Over the last 9 quarters its long book ran on average 1.5pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.1%
Q2 2024
+5.9%
Q3 2024
-1.5%
Q4 2024
-1.0%
Q1 2025
+6.7%
Q2 2025
+5.4%
Q3 2025
+1.6%
Q4 2025
-0.7%
Q1 2026
+9.3%
Sector allocation
Technology 37%
Consumer discretionary 14%
Financials 11%
Industrials 8%
Healthcare 7%
Other 6%
Services media 5%
Energy 4%
Long book by quarter
What does Hills Bank own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 226.7K | $39.5M | 1.9% | -2.5% |
| GOOG ALPHABET INC-CL C | Technology | 114.9K | $33.0M | 1.6% | -2.5% |
| AAPL APPLE INC | Technology | 128.3K | $32.6M | 1.6% | +0.3% |
| MSFT MICROSOFT CORP | Technology | 70.6K | $26.1M | 1.3% | -4.9% |
| JPM JPMORGAN CHASE & CO | Financials | 53.8K | $15.8M | 0.8% | -3.6% |
| FAST FASTENAL CO | Consumer discretionary | 337.7K | $15.7M | 0.8% | -4.4% |
| PG PROCTER & GAMBLE CO/THE | Other | 104.8K | $15.1M | 0.7% | -1.6% |
| AMZN AMAZON.COM INC | Consumer discretionary | 65.9K | $13.7M | 0.7% | -4.3% |
| HD HOME DEPOT INC | Consumer discretionary | 29.7K | $9.8M | 0.5% | -2.2% |
| JNJ JOHNSON & JOHNSON | Healthcare | 33.9K | $8.3M | 0.4% | -0.7% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 8.0K | $8.0M | 0.4% | -5.3% |
| MA MASTERCARD INC - A | Services media | 15.9K | $8.0M | 0.4% | -6.8% |
| ICE INTERCONTINENTAL EXCHANGE IN | Financials | 47.8K | $7.5M | 0.4% | -4.1% |
| META META PLATFORMS INC-CLASS A | Technology | 13.0K | $7.4M | 0.4% | -3.7% |
| XOM EXXON MOBIL CORP | Energy | 43.2K | $7.3M | 0.4% | -1.6% |
| MCD MCDONALD'S CORP | Consumer discretionary | 20.0K | $6.2M | 0.3% | -1.1% |
| KLAC KLA CORP | Other | 4.1K | $6.0M | 0.3% | +0.9% |
| ITW ILLINOIS TOOL WORKS | Industrials | 23.0K | $6.0M | 0.3% | -1.8% |
| PANW PALO ALTO NETWORKS INC | Technology | 37.4K | $6.0M | 0.3% | -4.7% |
| TJX TJX COMPANIES INC | Consumer discretionary | 35.4K | $5.7M | 0.3% | -5.4% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 10.7K | $5.3M | 0.3% | -1.1% |
| ORCL ORACLE CORP | Technology | 35.0K | $5.1M | 0.2% | -4.8% |
| LNT ALLIANT ENERGY CORP | Utilities | 71.7K | $5.1M | 0.2% | -0.4% |
| CVX CHEVRON CORP | Energy | 23.3K | $4.8M | 0.2% | -3.5% |
| PEP PEPSICO INC | Consumer staples | 30.1K | $4.7M | 0.2% | -1.6% |
| V VISA INC-CLASS A SHARES | Services media | 15.0K | $4.5M | 0.2% | +4.1% |
| DE DEERE & CO | Industrials | 7.2K | $4.0M | 0.2% | -0.5% |
| CSCO CISCO SYSTEMS INC | Technology | 50.8K | $3.9M | 0.2% | -5.0% |
| ABT ABBOTT LABORATORIES | Healthcare | 35.8K | $3.7M | 0.2% | -12.9% |
| CATX PERSPECTIVE THERAPEUTICS INC | Healthcare | 872.2K | $3.6M | 0.2% | -7.0% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 5 | $3.6M | 0.2% | Held |
| CVS CVS HEALTH CORP | Healthcare | 45.8K | $3.3M | 0.2% | -9.9% |
| DHR DANAHER CORP | Technology | 17.1K | $3.2M | 0.2% | -2.9% |
| NSC NORFOLK SOUTHERN CORP | Industrials | 11.0K | $3.2M | 0.2% | -11.2% |
| LLY ELI LILLY & CO | Healthcare | 3.4K | $3.1M | 0.2% | +7.6% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 6.4K | $3.1M | 0.1% | +19.2% |
| KO COCA-COLA CO/THE | Consumer staples | 37.8K | $2.9M | 0.1% | -4.9% |
| CBOE CBOE GLOBAL MARKETS INC | Financials | 10.1K | $2.8M | 0.1% | Held |
| GWW WW GRAINGER INC | Consumer discretionary | 2.5K | $2.8M | 0.1% | -1.2% |
| USB US BANCORP | Financials | 50.7K | $2.6M | 0.1% | -0.2% |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 5.3K | $2.4M | 0.1% | +2.9% |
| ADI ANALOG DEVICES INC | Technology | 7.4K | $2.3M | 0.1% | -12.2% |
| CRM SALESFORCE INC | Technology | 12.3K | $2.3M | 0.1% | -26.3% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 9.4K | $2.3M | 0.1% | -4.5% |
| FISV FISERV INC | Services media | 39.2K | $2.2M | 0.1% | -5.4% |
| EMR EMERSON ELECTRIC CO | Industrials | 16.1K | $2.1M | 0.1% | -6.7% |
| COR CENCORA INC | Consumer discretionary | 6.7K | $2.1M | 0.1% | -10.5% |
| GD GENERAL DYNAMICS CORP | Industrials | 6.0K | $2.1M | 0.1% | -9.0% |
| DIS WALT DISNEY CO/THE | Services media | 21.2K | $2.0M | 0.1% | -9.6% |
| AMD ADVANCED MICRO DEVICES | Technology | 9.9K | $2.0M | 0.1% | -10.3% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 1, 2026 | 525 | $2.07B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 5, 2026 | 508 | $1.72B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 471 | $1.70B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 5, 2025 | 477 | $1.59B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 25, 2025 | 460 | $1.42B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 10, 2025 | 466 | $1.33B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 28, 2024 | 468 | $1.32B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 25, 2024 | 443 | $1.23B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 8, 2024 | 440 | $1.18B | canonical | SEC ↗ |