HILLS BANK & TRUST CO
Q1 2026 Form 13-F
NORTH LIBERTY, IOWA
CIK 0001309148
· Institutional investment manager
$2.1B Reported Value Total
Reported value
$2.1B
Quarter over quarter
-1.2%
Holdings
355
Top-10 concentration
50.3%
Key People
Named on the latest Form 13-F filing — not necessarily an owner
Joni Mcfarland
SVP, Trust Accounting and Operations Lead
Filing Navigation
Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.
13F Metrics
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Q1 2026 13F record
Q1 2026 13F filing summary
| Period of report | March 31, 2026 |
|---|---|
| Filed | May 01, 2026 |
| Form | 13F-HR |
| Reported value | $2.1B |
| Positions | 355 |
| Change in reported value | +20.3% |
| New positions | 29 |
| Exited positions | 14 |
| Position turnover | 11.7% |
| Top-10 concentration | 50.3% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q2 2026 13F
Filed Aug 10, 2026
|
383 | $2.3B |
|
Q1 2026 13F
Filed May 1, 2026
|
355 | $2.1B |
|
Q4 2025 13F
Filed Feb 5, 2026
|
340 | $1.7B |
|
Q3 2025 13F
Filed Nov 13, 2025
|
323 | $1.7B |
|
Q2 2025 13F
Filed Aug 5, 2025
|
313 | $1.6B |
|
Q1 2025 13F
Filed Apr 25, 2025
|
299 | $1.4B |
|
Q4 2024 13F
Filed Feb 10, 2025
|
301 | $1.3B |
|
Q3 2024 13F
Filed Oct 28, 2024
|
303 | $1.3B |
|
Q2 2024 13F
Filed Jul 25, 2024
|
286 | $1.2B |
|
Q1 2024 13F
Filed May 8, 2024
|
284 | $1.2B |
|
Q4 2023 13F
Filed Feb 7, 2024
|
274 | $1.0B |
|
Q3 2023 13F
Filed Oct 26, 2023
|
267 | $860.9M |
|
Q2 2023 13F
Filed Jul 21, 2023
|
251 | $777.6M |
|
Q1 2023 13F
Filed Apr 17, 2023
|
251 | $722.7M |
|
Q4 2022 13F
Filed Feb 6, 2023
|
242 | $677.1M |
|
Q3 2022 13F
Filed Nov 3, 2022
|
241 | $679.1M |
|
Q2 2022 13F
Filed Aug 2, 2022
|
248 | $615.2M |
|
Q1 2022 13F
Filed Apr 29, 2022
|
255 | $701.8M |
|
Q4 2021 13F
Filed Feb 4, 2022
|
261 | $727.9M |
|
Q3 2021 13F
Filed Oct 27, 2021
|
255 | $662.0M |
33 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q1 2026
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | SPYM SPDR SERIES TRUST | $271.5M | 13.12% |
| 2 | VEA VANGUARD TAX-MANAGED FDS | $144.0M | 6.96% |
| 3 | SPY STATE STR SPDR S&P 500 ETF T | $137.5M | 6.64% |
| 4 | AVLC AMERICAN CENTY ETF TR | $92.2M | 4.46% |
| 5 | SPMD SPDR SERIES TRUST | $76.6M | 3.7% |
| 6 | FTRB FEDERATED HERMES ETF TRUST | $71.5M | 3.46% |
| 7 | MDY STATE STR SPDR S&P MIDCAP 40 | $71.2M | 3.44% |
| 8 | VWO VANGUARD INTL EQUITY INDEX F | $60.8M | 2.94% |
| 9 | GII SPDR INDEX SHS FDS | $57.9M | 2.8% |
| 10 | BSCQ INVESCO EXCH TRD SLF IDX FD | $57.1M | 2.76% |
| 11 | BSCR INVESCO EXCH TRD SLF IDX FD | $52.0M | 2.51% |
| 12 | BSCS INVESCO EXCH TRD SLF IDX FD | $50.7M | 2.45% |
| 13 | BSCT INVESCO EXCH TRD SLF IDX FD | $45.8M | 2.21% |
| 14 | BSCU INVESCO EXCH TRD SLF IDX FD | $43.8M | 2.12% |
| 15 | BSCV INVESCO EXCH TRD SLF IDX FD | $43.2M | 2.09% |
| 16 | NVDA NVIDIA CORPORATION | $39.5M | 1.91% |
| 17 | GOOG ALPHABET INC | $33.0M | 1.59% |
| 18 | AAPL APPLE INC | $32.6M | 1.57% |
| 19 | GUNR FLEXSHARES TR | $28.3M | 1.37% |
| 20 | BND VANGUARD BD INDEX FDS | $26.5M | 1.28% |
Values as reported on the Q1 2026 Form 13F. Every position is in the holdings table below.