Hills Bank & Trust Co
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 8, 2024), Hills Bank & Trust Co reported 282 stock positions worth $1.2 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 9.9% of the portfolio, followed by State Street SPDR S&P Midcap (MDY, 5.7%) and iShares Ibonds Dec 2024 Term (IBTE, 3.9%). Compared with Q4 2023, it opened 12 new positions, sold out of 2, added to 105 and reduced 112. The biggest buy was Invesco Bulletshares 2028 CB (BSCS, shares +115%) and the biggest sale NT Mstar GLBL NR ETF (GUNR, shares −19%).
- Most Recent 13F
- Q2 2026
- Location
- North Liberty, IA
- CIK
- 0001309148
- Portfolio Value
- $1.2B (Q1 2024)
- SEC Filing
- 0001309148-24-000007 ↗ filed May 8, 2024
Holdings Value
Holdings 282 stocks · $1.2B
| SPY SS SPDR S&P 500 ETF Trust-US | 9.90% | 223,077 | $116.7M | Add +0.1% |
| MDY State Street SPDR S&P Midcap | 5.72% | 121,164 | $67.4M | Reduce -0.8% |
| IBTE iShares Ibonds Dec 2024 Term | 3.91% | 1,923,568 | $46.1M | Add +20.9% |
| IBTF iShares Ibonds Dec 2025 Term | 3.82% | 1,938,883 | $45.0M | Add +24.8% |
| BSCQ Invesco Bulletshares 2026 CB | 3.69% | 2,266,352 | $43.5M | Add +24.1% |
| VEA Vanguard Ftse Developed ETF | 3.49% | 820,959 | $41.2M | Add +1.0% |
| BSCR Invesco Bulletshares 2027 CB | 3.24% | 1,978,136 | $38.2M | Add +111.1% |
| BSCS Invesco Bulletshares 2028 CB | 3.19% | 1,876,773 | $37.7M | Add +114.7% |
| GUNR NT Mstar GLBL NR ETF | 2.92% | 838,952 | $34.5M | Reduce -18.9% |
| MSFT Microsoft Corp. | 2.88% | 80,620 | $33.9M | Reduce -0.1% |
| BND Vanguard Total Bond Market | 2.29% | 371,916 | $27.0M | Add +11.9% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 2.28% | 503,830 | $26.9M | Add +64.0% |
| NVDA Nvidia Corp. | 2.14% | 27,945 | $25.2M | Reduce -1.9% |
| AAPL Apple Inc. | 2.06% | 141,382 | $24.2M | Reduce -3.3% |
| GOOG Alphabet Inc. Class C | 1.71% | 132,408 | $20.2M | Reduce -1.4% |
| PG The Procter & Gamble Co. | 1.66% | 120,750 | $19.6M | Reduce -6.9% |
| FAST Fastenal Co. | 1.33% | 202,913 | $15.7M | Reduce -1.9% |
| EFA iShares MSCI Eafe ETF | 1.18% | 174,026 | $13.9M | Reduce -0.3% |
| HD Home Depot Inc. | 1.09% | 33,551 | $12.9M | Reduce -0.5% |
| JPM JPMorgan Chase & Co. | 1.06% | 62,355 | $12.5M | Reduce -0.9% |
| VWO Vanguard Ftse Emerging Marke | 1.05% | 296,682 | $12.4M | Add +2.1% |
| CATX Perspective Therapeutics Inc. | 1.05% | 10,358,305 | $12.3M | New |
| AMZN Amazon.com Inc. | 1.04% | 67,669 | $12.2M | Reduce -0.7% |
| GII State Street SPDR S&P Global | 0.95% | 207,676 | $11.2M | Add +11.9% |
| JPIB JPMorgan Intl BND ETF | 0.85% | 209,269 | $10.0M | Add +0.5% |
| GQRE NT GLBL Qual Re ETF | 0.81% | 167,721 | $9.5M | Add +0.6% |
| RWO State Street SPDR Dow Jones | 0.74% | 202,943 | $8.7M | Add +7.6% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.74% | 173,258 | $8.7M | Add +5.3% |
| MA Mastercard Inc. Class A | 0.71% | 17,448 | $8.4M | Reduce -1.3% |
| ICE Intercontinental Exchange Inc. | 0.69% | 59,417 | $8.2M | Reduce -1.5% |
| FISV Fiserv Inc. | 0.67% | 49,594 | $7.9M | Reduce -2.3% |
| IJR iShares Core S&P Small-Cap E | 0.67% | 71,303 | $7.9M | Reduce -2.5% |
| ITW Illinois Tool Works | 0.63% | 27,579 | $7.4M | Add +1.8% |
| IBMP iShares Ibonds Dec 2027 Term | 0.62% | 291,068 | $7.3M | No change |
| USB US Bancorp | 0.61% | 160,693 | $7.2M | Reduce -1.3% |
| IBMQ iShares Ibonds Dec 2028 Muni | 0.59% | 277,351 | $7.0M | Add +0.3% |
| TMO Thermo Fisher Scientific Inc. | 0.59% | 11,964 | $7.0M | Reduce -2.5% |
| MCD McDonald's Corp. | 0.58% | 24,322 | $6.9M | Reduce -1.1% |
| COST Costco Wholesale Corp. | 0.56% | 8,967 | $6.6M | Add +1.5% |
| PANW Palo Alto Networks Inc. | 0.55% | 23,000 | $6.5M | Add +1.9% |
| META Meta Platforms Inc. Class A | 0.55% | 13,418 | $6.5M | Reduce -1.6% |
| VOO Vanguard S&P 500 ETF | 0.54% | 13,211 | $6.4M | Reduce -0.6% |
| PEP Pepsico Inc. | 0.53% | 35,763 | $6.3M | Reduce -0.9% |
| IBMO iShares Ibonds Dec 2026 Term | 0.53% | 245,440 | $6.2M | Add +0.2% |
| IBMN iShares Ibonds Dec 2025 Term | 0.51% | 226,495 | $6.0M | Add +0.3% |
| XOM Exxon Mobil Corp. | 0.48% | 48,865 | $5.7M | Reduce -1.4% |
| JNJ Johnson & Johnson | 0.47% | 35,342 | $5.6M | Add +0.4% |
| BSMT Invesco Bulletshares 2029 MB | 0.47% | 236,747 | $5.5M | Add +0.2% |
| NKE Nike Inc. Class B | 0.46% | 57,457 | $5.4M | Reduce -1.1% |
| ABT Abbott Laboratories | 0.43% | 44,135 | $5.0M | Add +1.6% |
| CRM Salesforce Inc. | 0.42% | 16,395 | $4.9M | Reduce -2.0% |
| CVX Chevron Corp. | 0.41% | 30,909 | $4.9M | Add +1.1% |
| ORCL Oracle Corp. | 0.41% | 38,115 | $4.8M | Add +0.0% |
| AMT American Tower Corp. | 0.40% | 23,803 | $4.7M | Reduce -1.0% |
| DHR Danaher Corp. | 0.39% | 18,352 | $4.6M | Reduce -4.0% |
| CMG Chipotle Mexican Grill Inc. | 0.38% | 1,561 | $4.5M | Reduce -0.5% |
| CVS CVS Health Corp. | 0.38% | 56,798 | $4.5M | Add +0.4% |
| V Visa Inc. Class A | 0.38% | 15,843 | $4.4M | Reduce -3.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.36% | 41,713 | $4.2M | Reduce -1.3% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.33% | 3,777 | $3.8M | Reduce -1.6% |
| ADBE Adobe Inc. | 0.31% | 7,257 | $3.7M | Add +145.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.29% | 28,391 | $3.5M | Add +0.1% |
| MDLZ Mondelez International Inc. Class A | 0.29% | 49,431 | $3.5M | Reduce -0.5% |
| KLAC KLA Corp. | 0.29% | 4,885 | $3.4M | Reduce -1.6% |
| ZBH Zimmer Biomet Holdings Inc. | 0.28% | 25,083 | $3.3M | Reduce -1.3% |
| DE Deere & Co. | 0.28% | 8,042 | $3.3M | Reduce -1.4% |
| NSC Norfolk Southern Corp. | 0.28% | 12,860 | $3.3M | Reduce -0.8% |
| ANSS Ansys Inc. | 0.27% | 9,228 | $3.2M | Reduce -1.8% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.27% | 5 | $3.2M | No change |
| CMCSA Comcast Corp. Class A | 0.26% | 71,618 | $3.1M | Add +0.0% |
| ISRG Intuitive Surgical Inc. | 0.26% | 7,641 | $3.0M | Reduce -8.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.24% | 14,883 | $2.8M | Add +2.3% |
| XLB SS Materials Select Sector | 0.24% | 30,190 | $2.8M | Reduce -0.8% |
| SPGI S&P Global Inc. | 0.23% | 6,423 | $2.7M | Reduce -1.9% |
| LLY Eli Lilly & Co. | 0.22% | 3,344 | $2.6M | Add +6.3% |
| INTC Intel Corp. | 0.22% | 57,951 | $2.6M | Add +1.5% |
| CSCO Cisco Systems Inc. | 0.21% | 49,661 | $2.5M | Add +3.6% |
| VTI VG Morningstar TS MKT ETF-US | 0.20% | 8,977 | $2.3M | Reduce -0.4% |
| LNT Alliant Energy Corp. | 0.19% | 44,522 | $2.2M | No change |
| ECL Ecolab Inc. | 0.18% | 9,378 | $2.2M | Add +3.9% |
| CBOE Cboe Global Markets Inc. | 0.18% | 11,675 | $2.1M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.18% | 5,021 | $2.1M | Add +1.6% |
| EOG EOG Resources Inc. | 0.18% | 16,497 | $2.1M | Reduce -0.8% |
| MRSH Marsh & McLennan Cos | 0.17% | 9,935 | $2.0M | Reduce -1.1% |
| BMY Bristol-Myers Squibb Co. | 0.17% | 37,730 | $2.0M | Reduce -6.2% |
| IHF iShares U.S. Healthcare Prov | 0.17% | 37,140 | $2.0M | Reduce -2.1% |
| HON Honeywell International Inc. | 0.17% | 9,844 | $2.0M | Reduce -0.1% |
| IBDP iShares Ibonds Dec 2024 Term | 0.17% | 78,609 | $2.0M | Add +157.0% |
| BX Blackstone Inc. | 0.17% | 14,920 | $2.0M | Reduce -1.2% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.17% | 31,826 | $2.0M | Add +18.9% |
| VXUS Vanguard Total Intl Stock | 0.17% | 32,341 | $2.0M | Add +0.1% |
| PFE Pfizer Inc. | 0.17% | 70,091 | $1.9M | Reduce -0.2% |
| VXF Vanguard Extended Market ETF | 0.16% | 10,885 | $1.9M | Reduce -0.4% |
| GD General Dynamics Corp. | 0.16% | 6,738 | $1.9M | Add +1.2% |
| ADI Analog Devices Inc. | 0.16% | 9,428 | $1.9M | Reduce -0.5% |
| KO The Coca-Cola Co. | 0.16% | 30,281 | $1.9M | Add +18.5% |
| BDX Becton Dickinson and Co. | 0.16% | 7,464 | $1.8M | Add +1.8% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.15% | 33,274 | $1.8M | Reduce -1.2% |
| DCI Donaldson Co. Inc. | 0.15% | 24,260 | $1.8M | Reduce -2.8% |
| IAK iShares U.S. Insurance ETF | 0.15% | 15,293 | $1.8M | Reduce -0.9% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $537K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| EL PASO ENERGY CAP TRST (KMI 4.75 03/31/28) | PFD CV TR SEC 28 | 8,909 | $427K | No change |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 90 | $110K | No change |
Total filed on the 13F, all lines: $1.2B.
Portfolio Sells Q4 2023 → Q1 2024
| GUNR NT Mstar GLBL NR ETF | Reduce -18.9% | 2.92% | −1.22 |
| AAPL Apple Inc. | Reduce -3.3% | 2.06% | −0.70 |
| MDY State Street SPDR S&P Midcap | Reduce -0.8% | 5.72% | −0.34 |
| PG The Procter & Gamble Co. | Reduce -6.9% | 1.66% | −0.20 |
| NKE Nike Inc. Class B | Reduce -1.1% | 0.46% | −0.16 |
| GOOG Alphabet Inc. Class C | Reduce -1.4% | 1.71% | −0.14 |
| MCD McDonald's Corp. | Reduce -1.1% | 0.58% | −0.13 |
| AMT American Tower Corp. | Reduce -1.0% | 0.40% | −0.11 |
| EFA iShares MSCI Eafe ETF | Reduce -0.3% | 1.18% | −0.11 |
| IJR iShares Core S&P Small-Cap E | Reduce -2.5% | 0.67% | −0.11 |
| MSFT Microsoft Corp. | Reduce -0.1% | 2.88% | −0.09 |
| BA The Boeing Co. | Reduce -3.9% | 0.14% | −0.09 |
| USB US Bancorp | Reduce -1.3% | 0.61% | −0.08 |
| PEP Pepsico Inc. | Reduce -0.9% | 0.53% | −0.07 |
| ICE Intercontinental Exchange Inc. | Reduce -1.5% | 0.69% | −0.07 |
| ANSS Ansys Inc. | Reduce -1.8% | 0.27% | −0.06 |
| MDLZ Mondelez International Inc. Class A | Reduce -0.5% | 0.29% | −0.06 |
| HD Home Depot Inc. | Reduce -0.5% | 1.09% | −0.05 |
| SPGI S&P Global Inc. | Reduce -1.9% | 0.23% | −0.05 |
| TMO Thermo Fisher Scientific Inc. | Reduce -2.5% | 0.59% | −0.05 |
| BL Blackline Inc. | Sold out | 0.00% | −0.05 |
| QCOM Qualcomm Inc. | Reduce -24.9% | 0.15% | −0.05 |
| V Visa Inc. Class A | Reduce -3.7% | 0.38% | −0.04 |
| DHR Danaher Corp. | Reduce -4.0% | 0.39% | −0.04 |
| DE Deere & Co. | Reduce -1.4% | 0.28% | −0.04 |
| TECH Bio-Techne Corp. | Reduce -5.4% | 0.11% | −0.04 |
| PFE Pfizer Inc. | Reduce -0.2% | 0.17% | −0.03 |
| HON Honeywell International Inc. | Reduce -0.1% | 0.17% | −0.03 |
| TJX TJX Companies Inc. | Reduce -1.3% | 0.36% | −0.03 |
| VOO Vanguard S&P 500 ETF | Reduce -0.6% | 0.54% | −0.03 |
| BMY Bristol-Myers Squibb Co. | Reduce -6.2% | 0.17% | −0.03 |
| BX Blackstone Inc. | Reduce -1.2% | 0.17% | −0.03 |
| ADI Analog Devices Inc. | Reduce -0.5% | 0.16% | −0.03 |
| MA Mastercard Inc. Class A | Reduce -1.3% | 0.71% | −0.02 |
| IDXX Idexx Laboratories Inc. | Reduce -12.0% | 0.07% | −0.02 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -48.3% | 0.03% | −0.02 |
| VRSK Verisk Analytics Inc. | Reduce -26.2% | 0.04% | −0.02 |
| IHF iShares U.S. Healthcare Prov | Reduce -2.1% | 0.17% | −0.02 |
| ZBH Zimmer Biomet Holdings Inc. | Reduce -1.3% | 0.28% | −0.02 |
| NSC Norfolk Southern Corp. | Reduce -0.8% | 0.28% | −0.02 |
| MCO Moody's Corp. | Reduce -2.5% | 0.11% | −0.02 |
| EOG EOG Resources Inc. | Reduce -0.8% | 0.18% | −0.02 |
| CBRE CBRE Group Inc. Class A | Reduce -3.3% | 0.12% | −0.02 |
| ACN Accenture PLC Class A | Reduce -7.4% | 0.07% | −0.02 |
| ISRG Intuitive Surgical Inc. | Reduce -8.7% | 0.26% | −0.02 |
| BLK BlackRock Finance Inc. | Reduce -0.5% | 0.13% | −0.02 |
| SLB SLB Ltd. | Reduce -1.2% | 0.15% | −0.02 |
| XLP SS Consumer Staples Sel Sect | Reduce -5.3% | 0.11% | −0.02 |
| XLB SS Materials Select Sector | Reduce -0.8% | 0.24% | −0.02 |
| IEMG iShares Core MSCI Emerging | Reduce -16.6% | 0.04% | −0.02 |
Portfolio Buys Q4 2023 → Q1 2024
| BSCS Invesco Bulletshares 2028 CB | Add +114.7% | 3.19% | +1.46 |
| BSCR Invesco Bulletshares 2027 CB | Add +111.1% | 3.24% | +1.45 |
| CATX Perspective Therapeutics Inc. | New | 1.05% | +1.05 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Add +64.0% | 2.28% | +0.82 |
| IBTF iShares Ibonds Dec 2025 Term | Add +24.8% | 3.82% | +0.28 |
| BSCQ Invesco Bulletshares 2026 CB | Add +24.1% | 3.69% | +0.24 |
| IBTE iShares Ibonds Dec 2024 Term | Add +20.9% | 3.91% | +0.19 |
| ADBE Adobe Inc. | Add +145.4% | 0.31% | +0.14 |
| VGSH Vanguard Short-Term Treasury | New | 0.13% | +0.13 |
| IBDP iShares Ibonds Dec 2024 Term | Add +157.0% | 0.17% | +0.09 |
| BSCO Invesco Bulletshares 2024 CB | Add +298.6% | 0.07% | +0.05 |
| DIS The Walt Disney Co. | Add +0.1% | 0.29% | +0.04 |
| WFC Wells Fargo & Co. | Add +189.5% | 0.06% | +0.04 |
| LLY Eli Lilly & Co. | Add +6.3% | 0.22% | +0.04 |
| IBDQ iShares Ibonds Dec 2025 Term | Add +246.7% | 0.06% | +0.04 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.04% | +0.04 |
| WST West Pharmaceutical Services | New | 0.03% | +0.03 |
| BSCP Invesco Bulletshares 2025 CB | New | 0.03% | +0.03 |
| EMR Emerson Electric Co. | Add +35.8% | 0.09% | +0.03 |
| GOOGL Alphabet Inc. Class A | Add +75.6% | 0.06% | +0.02 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +18.9% | 0.17% | +0.02 |
| SYK Stryker Corp. | Add +25.7% | 0.07% | +0.02 |
| CAT Caterpillar Inc. | Add +72.2% | 0.04% | +0.02 |
| ABBV Abbvie Inc. | Add +18.6% | 0.09% | +0.02 |
| MRK Merck & Co. Inc. | Add +70.8% | 0.03% | +0.01 |
| ORCL Oracle Corp. | Add +0.0% | 0.41% | +0.01 |
| AEP American Electric Power | New | 0.01% | +0.01 |
| CLX Clorox Company | Add +50.0% | 0.04% | +0.01 |
| GE General Electric | Add +0.6% | 0.07% | +0.01 |
| MET Metlife Inc. | New | 0.01% | +0.01 |
| MDT Medtronic PLC | New | 0.01% | +0.01 |
| KO The Coca-Cola Co. | Add +18.5% | 0.16% | +0.01 |
| C Citigroup Inc. | New | 0.01% | +0.01 |
| PSX Phillips 66 | Add +20.7% | 0.04% | +0.01 |
| BMO Bank of Montreal | New | 0.01% | +0.01 |
| OKE Oneok Inc. | New | 0.01% | +0.01 |
| FVD First Trust Value Line DVD | New | 0.01% | +0.01 |
| ECL Ecolab Inc. | Add +3.9% | 0.18% | +0.01 |
| IBM Intl Business Machines Corp. | Add +2.3% | 0.24% | +0.01 |
| GSK GSK PLC-Spon ADR | Add +10.3% | 0.09% | +0.01 |
| ETN Eaton Corp. PLC | Add +15.4% | 0.03% | +0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +1.6% | 0.18% | +0.01 |
| MCHP Microchip Technology Inc. | Add +77.2% | 0.02% | +0.01 |
| AMAT Applied Materials Inc. | Add +39.1% | 0.02% | +0.01 |
| QQQ Invesco QQQ Trust Series 1 | Add +59.4% | 0.02% | +0.01 |
| LOW Lowe's Cos Inc. | Add +17.7% | 0.04% | +0.01 |
| RTX RTX Corp. | Add +18.4% | 0.03% | +0.00 |
| TGT Target Corp. | Add +19.6% | 0.02% | +0.00 |
| MAS Masco Corp. | Add +2.1% | 0.11% | +0.00 |
| NEE Nextera Energy Inc. | Add +14.6% | 0.10% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 383 | $2.3B | SPYM, VEA, SPY, FTRB, AVLC |
| Q1 2026 | 355 | $2.1B | SPYM, VEA, SPY, AVLC, SPMD |
| Q4 2025 | 340 | $1.7B | SPY, VEA, SPMD, MDY, FTRB |
| Q3 2025 | 323 | $1.7B | SPY, VEA, SPMD, MDY, FTRB |
| Q2 2025 | 313 | $1.6B | SPY, VEA, MDY, SPMD, FTRB |
| Q1 2025 | 299 | $1.4B | SPY, VEA, MDY, BSCQ, IBTF |
| Q4 2024 | 299 | $1.3B | SPY, MDY, BSCQ, IBTF, BSCR |
| Q3 2024 | 301 | $1.3B | SPY, MDY, BSCQ, IBTF, IBTE |
| Q2 2024 | 284 | $1.2B | SPY, MDY, IBTF, IBTE, BSCQ |
| Q1 2024 | 282 | $1.2B | SPY, MDY, IBTE, IBTF, BSCQ |