Hills Bank & Trust Co

Bank

CIK

1309148

Location

North Liberty, IA

Portfolio Value

Small $660,539,588

Diversification

Diversified

Filing Date

Global Rank

#2,258 / 8,622 ▼ 38 · as of Mar 2026

Top Industry

Semiconductors 11.0%

3Y Alpha vs SPY

-4.5%

Period ended 4 months ago

Filed May 1, 2026 · 3mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+49.8%

SPY

+67.9%

Annualised alpha

-4.4%

Max drawdown

−18.1%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

233 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

20.8%

+0.2 pts

Top 5

46.5%

−0.3 pts

Top 10

57.1%

−0.1 pts

HHI

671

Diversified+13

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Unclassified	32.0%	$211,683,241	5
Technology	21.9%	$144,570,445	42
Financial Services	9.9%	$65,412,820	36
Industrials	9.0%	$59,463,434	42
Healthcare	7.3%	$48,477,904	32
Consumer Cyclical	6.4%	$42,349,006	16
Consumer Defensive	5.4%	$35,922,877	13
Energy	2.8%	$18,261,929	16
Communication Services	2.1%	$13,908,872	8
Utilities	1.7%	$11,203,727	14
Basic Materials	0.8%	$5,184,363	5
Real Estate	0.6%	$4,100,970	4

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
IBRX	ImmunityBio, Inc.	+21,340	62,285	$477,725
WMT	Walmart Inc.	+2,763	13,817	$1,717,176
BAC	Bank Of America Corp /De/	+2,633	12,296	$599,430
INTC	Intel Corp	+2,343	36,319	$1,602,757
UBER	Uber Technologies, Inc	+2,026	10,157	$730,592
BTC	Grayscale Bitcoin Mini Trust ETF	+1,376	4,880	$146,351
TSLA	Tesla, Inc.	+1,144	3,734	$1,388,114
MRK	Merck & Co., Inc.	+1,120	5,493	$660,752
BRK-B	Berkshire Hathaway Inc	+1,036	6,443	$3,087,485
AVGO	Broadcom Inc.	+885	5,376	$1,663,924
PLTR	Palantir Technologies Inc.	+675	1,519	$222,199
ABBV	AbbVie Inc.	+589	6,730	$1,463,707
MU	Micron Technology Inc	+589	1,026	$346,623
V	Visa Inc.	+588	14,976	$4,526,345
MS	Morgan Stanley	+527	7,402	$1,218,146
LRCX	Lam Research Corp	+499	1,087	$232,248
GE	General Electric Co	+447	5,721	$1,623,448
PM	Philip Morris International Inc.	+424	5,934	$981,126
AMAT	Applied Materials Inc /De	+358	1,452	$496,278
AAPL	Apple Inc.	+325	128,289	$32,558,464
TXN	Texas Instruments Inc	+304	1,014	$196,857
PFG	Principal Financial Group Inc	+253	1,854	$167,063
AMGN	Amgen Inc	+242	1,211	$426,089
LLY	ELI LILLY & Co	+242	3,419	$3,144,693
UNH	Unitedhealth Group Inc	+151	889	$240,554
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
CATX	Perspective Therapeutics, Inc.	−66,000	872,200	$3,637,074
FAST	Fastenal Co	−15,544	337,690	$15,668,816
CMG	Chipotle Mexican Grill Inc	−13,512	46,971	$1,503,541
PFE	Pfizer Inc	−12,926	29,104	$817,239
MDLZ	Mondelez International, Inc.	−8,955	25,262	$1,456,101
GSK	GSK plc	−8,561	20,139	$1,111,471
SLB	Slb Limited/Nv	−6,181	24,480	$1,258,026
NVDA	Nvidia Corp	−5,718	226,736	$39,542,757
PYPL	PayPal Holdings, Inc.	−5,534	7,090	$320,680
BMY	Bristol Myers Squibb Co	−5,496	18,563	$1,125,845
ABT	Abbott Laboratories	−5,327	35,816	$3,677,228
NKE	NIKE, Inc.	−5,124	35,403	$1,869,985
CVS	CVS HEALTH Corp	−5,036	45,751	$3,285,835
ZBH	Zimmer Biomet Holdings, Inc.	−4,472	3,540	$320,085
CRM	Salesforce, Inc.	−4,385	12,319	$2,299,586
MSFT	Microsoft Corp	−3,663	70,639	$26,148,438
ADBE	Adobe Inc.	−3,501	489	$118,866
AMT	American Tower Corp /Ma/	−3,335	11,522	$1,988,466
NEE	Nextera Energy Inc	−3,150	19,048	$1,769,178
AMZN	Amazon Com Inc	−2,989	65,894	$13,723,742
CARR	CARRIER GLOBAL Corp	−2,935	2,590	$145,842
SPY	Spdr S&P 500 ETF Trust	−2,873	211,370	$137,462,365
VLTO	Veralto Corp	−2,806	10,978	$970,674
CSCO	Cisco Systems, Inc.	−2,670	50,838	$3,944,520
KKR	KKR & Co. Inc.	−2,274	1,293	$119,602
No positions match the current search.

New Positions

Positions the filer opened this quarter

14 positions

Ticker	Company	Shares	Value
WAT	Waters Corp /De/	925	$275,464
TMUS	T-Mobile US, Inc.	1,259	$264,427
GS	Goldman Sachs Group Inc	226	$191,193
NIC	Nicolet Bankshares Inc	1,132	$168,237
CNH	CNH Industrial N.V.	14,040	$154,440
Q	Qnity Electronics, Inc.	1,331	$153,570
STNG	Scorpio Tankers Inc.	1,827	$136,403
BE	Bloom Energy Corp	1,000	$135,490
MPC	Marathon Petroleum Corp	460	$112,322
GILD	Gilead Sciences, Inc.	795	$110,799
TGT	Target Corp	912	$110,534
DRI	Darden Restaurants Inc	537	$105,273
NVMI	Nova Ltd.	242	$105,095
NE	Noble Corp plc	2,124	$104,224
No positions match the current search.

Sold Out

Positions the filer fully exited

10 positions

Ticker	Company	Shares	Value
WST	West Pharmaceutical Services Inc	835	$229,741
ENB	Enbridge Inc	4,264	$203,947
FBTC	Fidelity Wise Origin Bitcoin Fund	1,785	$136,070
UPS	United Parcel Service Inc	1,214	$120,416
CCI	Crown Castle Inc.	1,350	$119,974
KMB	Kimberly Clark Corp	1,055	$106,438
STT	State Street Corp	816	$105,272
B	Barrick Mining Corp	2,417	$105,260
GIS	General Mills Inc	2,210	$102,765
HROW	Harrow, Inc.	2,079	$101,871
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

233 tracked positions · $660,539,588 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 233 positions by value · page 1 of 5

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SPY	Spdr S&P 500 ETF Trust	Reduced	211,370	-2,873	$137,462,365	−5.9%	20.81%
MDY	Spdr S&P Midcap 400 ETF Trust	Reduced	115,410	-2,176	$71,180,271	+0.3%	10.78%
NVDA	Nvidia Corp Technology	Reduced	226,736	-5,718	$39,542,757	−8.8%	5.99%
AAPL	Apple Inc. Technology	Added	128,289	+325	$32,558,464	−6.4%	4.93%
MSFT	Microsoft Corp Technology	Reduced	70,639	-3,663	$26,148,438	−27.2%	3.96%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	53,781	-1,992	$15,820,218	−12.0%	2.40%
FAST	Fastenal Co Industrials	Reduced	337,690	-15,544	$15,668,816	+10.5%	2.37%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	104,803	-1,658	$15,137,745	−0.8%	2.29%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	65,894	-2,989	$13,723,742	−13.7%	2.08%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	29,707	-669	$9,770,334	−6.5%	1.48%
JNJ	Johnson & Johnson Healthcare	Reduced	33,869	-229	$8,278,937	+17.3%	1.25%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	8,045	-446	$8,016,279	+9.5%	1.21%
MA	Mastercard Inc Financial Services	Reduced	15,947	-1,157	$7,968,077	−18.4%	1.21%
ICE	Intercontinental Exchange, Inc. Financial Services	Reduced	47,757	-2,060	$7,511,220	−6.9%	1.14%
META	Meta Platforms, Inc. Communication Services	Reduced	12,974	-492	$7,422,813	−16.5%	1.12%
XOM	ExxonMobil Holdings Corp Energy	Reduced	43,231	-704	$7,334,571	+38.7%	1.11%
MCD	Mcdonalds Corp Consumer Cyclical	Reduced	20,027	-226	$6,224,191	+0.6%	0.94%
KLAC	Kla Corp Technology	Added	4,087	+35	$6,017,739	+22.2%	0.91%
ITW	Illinois Tool Works Inc Industrials	Reduced	23,046	-416	$5,998,642	+3.8%	0.91%
PANW	Palo Alto Networks Inc Technology	Reduced	37,361	-1,861	$5,989,715	−17.1%	0.91%
TJX	Tjx Companies Inc /De/ Consumer Cyclical	Reduced	35,416	-2,006	$5,655,934	−1.6%	0.86%
TMO	Thermo Fisher Scientific Inc. Healthcare	Reduced	10,747	-116	$5,282,472	−16.1%	0.80%
ORCL	Oracle Corp Technology	Reduced	35,000	-1,750	$5,148,849	−28.1%	0.78%
LNT	Alliant Energy Corp Utilities	Reduced	71,717	-262	$5,146,411	+10.0%	0.78%
CVX	Chevron Corp Energy	Reduced	23,327	-853	$4,826,356	+31.0%	0.73%
PEP	Pepsico Inc Consumer Defensive	Reduced	30,057	-476	$4,667,551	+6.5%	0.71%
V	Visa Inc. Financial Services	Added	14,976	+588	$4,526,345	−10.3%	0.69%
DE	Deere & Co Industrials	Reduced	7,171	-33	$4,039,423	+20.4%	0.61%
CSCO	Cisco Systems, Inc. Technology	Reduced	50,838	-2,670	$3,944,520	−4.3%	0.60%
ABT	Abbott Laboratories Healthcare	Reduced	35,816	-5,327	$3,677,228	−28.7%	0.56%
CATX	Perspective Therapeutics, Inc. Healthcare	Reduced	872,200	-66,000	$3,637,074	+41.0%	0.55%
CVS	CVS HEALTH Corp Healthcare	Reduced	45,751	-5,036	$3,285,835	−18.5%	0.50%
DHR	Danaher Corp /De/ Healthcare	Reduced	17,113	-514	$3,244,624	−19.6%	0.49%
NSC	Norfolk Southern Corp Industrials	Reduced	11,034	-1,387	$3,166,758	−11.7%	0.48%
LLY	ELI LILLY & Co Healthcare	Added	3,419	+242	$3,144,693	−7.9%	0.48%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	6,443	+1,036	$3,087,485	+13.6%	0.47%
KO	Coca Cola Co Consumer Defensive	Reduced	37,836	-1,932	$2,877,427	+3.5%	0.44%
CBOE	Cboe Global Markets, Inc. Financial Services	Held	10,133	0	$2,848,082	+12.0%	0.43%
GWW	W.W. Grainger, Inc. Industrials	Reduced	2,535	-31	$2,765,203	+6.8%	0.42%
USB	US Bancorp De Financial Services	Reduced	50,655	-87	$2,634,566	−2.7%	0.40%
ISRG	Intuitive Surgical Inc Healthcare	Added	5,304	+149	$2,445,090	−16.3%	0.37%
ADI	Analog Devices Inc Technology	Reduced	7,354	-1,019	$2,339,601	+3.0%	0.35%
CRM	Salesforce, Inc. Technology	Reduced	12,319	-4,385	$2,299,586	−48.0%	0.35%
IBM	International Business Machines Corp Technology	Reduced	9,414	-442	$2,281,858	−21.8%	0.35%
FISV	Fiserv Inc	Reduced	39,218	-2,226	$2,188,363	−21.4%	0.33%
EMR	Emerson Electric Co Industrials	Reduced	16,086	-1,164	$2,107,587	−7.9%	0.32%
COR	Cencora, Inc. Healthcare	Reduced	6,679	-786	$2,098,141	−16.8%	0.32%
GD	General Dynamics Corp Industrials	Reduced	6,006	-594	$2,061,379	−7.2%	0.31%
DIS	Walt Disney Co Communication Services	Reduced	21,207	-2,264	$2,043,930	−23.5%	0.31%
AMD	Advanced Micro Devices Inc Technology	Reduced	9,886	-1,141	$2,011,108	−14.8%	0.30%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.