Q2 2026 13F · SEC CIK 1309148

Hills Bank & Trust Co

Bank & trustFiled 2026-08-10 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $2.3B
Reported positions: 383
Top holdings a year, 3 yrs: +12.8%
Average holding period: 4.8 yrs

Hills Bank & Trust Co is a bank & trust that reported 383 positions worth $2.3B in its Q2 2026 13F, filed 2026-08-10. Its largest holdings were Spdr Series Trust (SPLG, 12.8%), Vanguard Tax-Managed Fds (VEA, 7.3%), Spdr S&p 500 ETF Tr (SPY, 6.6%). A portfolio copying its top holdings returned 12.8% a year over the last 3 years, against 20.4% for the S&P 500.

Hills Bank & Trust Co holdings largest 50 of 383 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Hills Bank & Trust Co 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
SPLGSpdr Series Trust	12.8%	13.1%	3,411,823	-3.8%	$299.8M
VEAVanguard Tax-Managed Fds	7.3%	7.0%	2,406,484	+7.1%	$171.5M
SPYSpdr S&p 500 ETF Tr	6.6%	6.6%	207,251	-1.9%	$154.8M
FTRBFederated Hermes Total Return Bond ETF	6.0%	3.5%	5,613,451	+97.5%	$140.9M
AVLCAmerican Centy ETF Tr	4.3%	4.5%	1,125,936	-5.3%	$101.3M
SPMDSpdr Series Trust	3.5%	3.7%	1,215,987	-6.0%	$82.2M
MDYState Street Spdr S&p Midcap 400 ETF Tru	3.3%	3.4%	111,587	-3.3%	$78.5M
VWOVanguard Intl Equity Index F	3.1%	2.9%	1,219,031	+8.4%	$72.8M
JPIBJpmorgan International Bond Opportunitie	2.6%	1.0%	1,265,473	+202.9%	$61.2M
GIISpdr Index Shs Fds	2.4%	2.8%	749,512	-1.7%	$56.7M
NVDANvidia Corporation Com	1.9%	1.9%	222,599	-1.8%	$44.5M
GOOGAlphabet Inc	1.7%	1.6%	112,114	-2.4%	$39.6M
AAPLApple Inc	1.5%	1.6%	124,984	-2.6%	$36.2M
BSCQInvesco Exch Trd Slf Idx Fd	1.2%	2.8%	1,499,770	-48.7%	$29.3M
BSCRInvesco Exch Trd Slf Idx Fd	1.2%	2.5%	1,390,074	-47.5%	$27.3M
VBCEVanguard Wellesley Income Fd	1.2%	—	358,002	—	$27.1M
VBCFVanguard Wellesley Income Fd	1.1%	—	355,839	—	$26.9M
MSFTMicrosoft Corp	1.1%	1.3%	69,333	-1.8%	$25.9M
BSCSInvesco Exch Trd Slf Idx Fd	1.1%	2.4%	1,250,435	-49.6%	$25.5M
GUNRFlexshares Tr Mornstar Upstr	1.1%	1.4%	503,100	-1.8%	$24.8M
BNDVanguard Total Bond Market ETF	1.0%	1.3%	330,596	-8.2%	$24.3M
VBCAVanguard Wellesley Income Fd	1.0%	—	317,164	—	$24.0M
VBCBVanguard Wellesley Income Fd	1.0%	—	317,384	—	$24.0M
VBCCVanguard Wellesley Income Fd	1.0%	—	317,270	—	$24.0M
VBCDVanguard Wellesley Income Fd	1.0%	—	316,720	—	$23.9M
BSCTInvesco Exch Trd Slf Idx Fd	0.8%	2.2%	1,046,645	-57.3%	$19.4M
BSCUInvesco Self Indexed ETF Fd Bulletshares	0.7%	2.1%	1,047,500	-60.0%	$17.4M
JPMJpmorgan Chase & Co	0.7%	0.8%	52,326	-2.7%	$17.1M
EFAiShs MSCI EAFE	0.7%	0.8%	153,988	-4.9%	$16.0M
FASTFastenal Co	0.7%	0.8%	328,990	-2.6%	$15.8M
AMZNAmazon Com Inc Com	0.7%	0.7%	65,869	-0.0%	$15.7M
BSMTInvesco Exch Trd Slf Idx Fd	0.7%	0.7%	664,948	+0.9%	$15.3M
PGProcter & Gamble Co Com	0.6%	0.7%	101,671	-3.0%	$14.9M
SPYVSpdr Series Trust	0.6%	0.7%	219,808	-11.6%	$13.4M
IBMPIshares Tr	0.6%	0.5%	508,428	+14.7%	$12.9M
PANWPalo Alto Networks Inc	0.5%	0.3%	36,872	-1.3%	$12.6M
KLACKla Corp	0.5%	0.3%	41,043	+904.2%	$12.4M
IBMQIshares Tr	0.5%	0.5%	464,604	+16.8%	$11.9M
DFICDfa Dimensional Intl Core Equit	0.5%	0.8%	290,849	-36.8%	$10.8M
HDHome Depot Inc Com	0.4%	0.5%	28,832	-2.9%	$10.2M
BSCVInvesco Exchange ETF Traded Self Indxd F	0.4%	2.1%	602,856	-77.0%	$9.9M
IBMOIshares Ibonds Dec 2026 Term Muni Bond E	0.4%	0.5%	378,134	-3.1%	$9.7M
BSMUInvesco Self-Indexed ETF Fd Tr Bulletsha	0.4%	0.5%	405,165	-12.1%	$8.9M
JNJJohnson & Johnson	0.4%	0.4%	34,221	+1.0%	$8.7M
IBDWIshares Tr	0.4%	—	405,071	—	$8.4M
VOOVanguard S&p 500 ETF	0.3%	0.3%	11,860	+1.1%	$8.1M
MAMastercard Inc.	0.3%	0.4%	15,409	-3.4%	$7.9M
BSMVInvesco Exch Trd Slf Idx Fd	0.3%	0.5%	360,323	-24.9%	$7.6M
COSTCostco Whsl Corp New	0.3%	0.4%	7,906	-1.7%	$7.4M
IJRIshares Core S&p Small Cap ETF	0.3%	0.3%	49,200	-1.5%	$7.3M

What Hills Bank & Trust Co bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +13.5% /yr; S&P 500 +20.1%
3 years: +12.8% /yr; S&P 500 +20.4%
5 years: +7.0% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$2.3B	383
Q1 2026	$2.1B	355
Q4 2025	$1.7B	340
Q3 2025	$1.7B	323
Q2 2025	$1.6B	313
Q1 2025	$1.4B	299
Q4 2024	$1.3B	301
Q3 2024	$1.3B	303
Q2 2024	$1.2B	286
Q1 2024	$1.2B	284
Q4 2023	$1.0B	274
Q3 2023	$860.9M	267

Questions about Hills Bank & Trust Co's portfolio

What stocks does Hills Bank & Trust Co own?

Hills Bank & Trust Co's latest 13F, for Q2 2026 and filed Aug 10, 2026, lists 383 positions worth $2.3B. The largest are Spdr Series Trust (SPLG) at 12.8%, Vanguard Tax-Managed Fds (VEA) at 7.3%, Spdr S&p 500 ETF Tr (SPY) at 6.6%, Federated Hermes Total Return Bond ETF (FTRB) at 6.0% and American Centy ETF Tr (AVLC) at 4.3%.

What did Hills Bank & Trust Co buy last quarter?

In Q2 2026, Hills Bank & Trust Co added Kla Corp (KLAC) (+904.2% shares), Jpmorgan International Bond Opportunitie (JPIB) (+202.9% shares) and Federated Hermes Total Return Bond ETF (FTRB) (+97.5% shares), compared with its Q1 2026 filing.

What did Hills Bank & Trust Co sell last quarter?

In Q2 2026, Hills Bank & Trust Co cut from its top 50 Intercontinental Exchange in (ICE), cut from its top 50 Meta Platforms Inc Class A (META), cut from its top 50 Exxon Mobil Corp (XOM), cut from its top 50 Mcdonalds Corp Com (MCD), cut from its top 50 Illinois Tool Works Inc. (ITW), Invesco Exchange ETF Traded Self Indxd F (BSCV) (-77.0% shares), Invesco Self Indexed ETF Fd Bulletshares (BSCU) (-60.0% shares) and Invesco Exch Trd Slf Idx Fd (BSCT) (-57.3% shares), compared with its Q1 2026 filing.

How has Hills Bank & Trust Co's portfolio performed?

A portfolio copying Hills Bank & Trust Co's 20 largest 13F holdings each quarter, from the day each filing was public, returned +12.8% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +13.5% against +20.1%. Over 5 years: +7.0% a year against +11.6%.

When is Hills Bank & Trust Co's next 13F filing due?

13F filings are due 45 days after each quarter ends. Hills Bank & Trust Co's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.