Hills Bank & Trust Co
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 25, 2024), Hills Bank & Trust Co reported 284 stock positions worth $1.2 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 9.8% of the portfolio, followed by State Street SPDR S&P Midcap (MDY, 5.3%) and iShares Ibonds Dec 2025 Term (IBTF, 3.9%). Compared with Q1 2024, it opened 9 new positions, sold out of 8, added to 96 and reduced 128. The biggest buy was a new position in Fed Hermes TTL RTRN BND (FTRB) and the biggest sale an exit from Perspective Therapeutics (CATX).
- Most Recent 13F
- Q2 2026
- Location
- North Liberty, IA
- CIK
- 0001309148
- Portfolio Value
- $1.2B (Q2 2024)
- SEC Filing
- 0001309148-24-000009 ↗ filed Jul 25, 2024
Holdings Value
Holdings 284 stocks · $1.2B
| SPY SS SPDR S&P 500 ETF Trust-US | 9.81% | 222,521 | $121.1M | Reduce -0.3% |
| MDY State Street SPDR S&P Midcap | 5.26% | 121,386 | $65.0M | Add +0.2% |
| IBTF iShares Ibonds Dec 2025 Term | 3.89% | 2,067,890 | $48.0M | Add +6.7% |
| IBTE iShares Ibonds Dec 2024 Term | 3.88% | 1,998,580 | $47.9M | Add +3.9% |
| BSCQ Invesco Bulletshares 2026 CB | 3.86% | 2,483,966 | $47.6M | Add +9.6% |
| BSCR Invesco Bulletshares 2027 CB | 3.52% | 2,260,693 | $43.5M | Add +14.3% |
| BSCS Invesco Bulletshares 2028 CB | 3.49% | 2,162,045 | $43.1M | Add +15.2% |
| VEA Vanguard Ftse Developed ETF | 3.31% | 826,886 | $40.9M | Add +0.7% |
| FTRB Fed Hermes TTL RTRN BND | 2.96% | 1,473,945 | $36.5M | New |
| MSFT Microsoft Corp. | 2.85% | 78,757 | $35.2M | Reduce -2.3% |
| GUNR NT Mstar GLBL NR ETF | 2.63% | 809,824 | $32.5M | Reduce -3.5% |
| NVDA Nvidia Corp. | 2.56% | 256,228 | $31.7M | Reduce -8.3% |
| AAPL Apple Inc. | 2.32% | 136,164 | $28.7M | Reduce -3.7% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 2.23% | 536,338 | $27.5M | Add +6.5% |
| GOOG Alphabet Inc. Class C | 1.91% | 128,777 | $23.6M | Reduce -2.7% |
| BND Vanguard Total Bond Market | 1.90% | 325,651 | $23.5M | Reduce -12.4% |
| PG The Procter & Gamble Co. | 1.52% | 113,835 | $18.8M | Reduce -5.7% |
| EFA iShares MSCI Eafe ETF | 1.10% | 173,467 | $13.6M | Reduce -0.3% |
| VWO Vanguard Ftse Emerging Marke | 1.09% | 306,976 | $13.4M | Add +3.5% |
| AMZN Amazon.com Inc. | 1.05% | 67,276 | $13.0M | Reduce -0.6% |
| FAST Fastenal Co. | 1.00% | 195,909 | $12.3M | Reduce -3.5% |
| JPM JPMorgan Chase & Co. | 1.00% | 60,798 | $12.3M | Reduce -2.5% |
| GII State Street SPDR S&P Global | 0.96% | 216,625 | $11.8M | Add +4.3% |
| HD Home Depot Inc. | 0.92% | 32,981 | $11.4M | Reduce -1.7% |
| JPIB JPMorgan Intl BND ETF | 0.83% | 218,396 | $10.3M | Add +4.4% |
| GQRE NT GLBL Qual Re ETF | 0.76% | 172,021 | $9.4M | Add +2.6% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.71% | 181,034 | $8.8M | Add +4.5% |
| RWO State Street SPDR Dow Jones | 0.70% | 206,800 | $8.6M | Add +1.9% |
| ICE Intercontinental Exchange Inc. | 0.63% | 57,217 | $7.8M | Reduce -3.7% |
| MA Mastercard Inc. Class A | 0.63% | 17,530 | $7.7M | Add +0.5% |
| COST Costco Wholesale Corp. | 0.61% | 8,806 | $7.5M | Reduce -1.8% |
| PANW Palo Alto Networks Inc. | 0.61% | 22,077 | $7.5M | Reduce -4.0% |
| IBMP iShares Ibonds Dec 2027 Term | 0.60% | 297,192 | $7.4M | Add +2.1% |
| IJR iShares Core S&P Small-Cap E | 0.59% | 68,206 | $7.3M | Reduce -4.3% |
| FISV Fiserv Inc. | 0.58% | 47,806 | $7.1M | Reduce -3.6% |
| META Meta Platforms Inc. Class A | 0.58% | 14,085 | $7.1M | Add +5.0% |
| IBMO iShares Ibonds Dec 2026 Term | 0.57% | 275,858 | $7.0M | Add +12.4% |
| BSCT Invesco Bulletshares 2029 CB | 0.56% | 382,910 | $7.0M | New |
| IBMQ iShares Ibonds Dec 2028 Muni | 0.56% | 277,865 | $7.0M | Add +0.2% |
| IBMN iShares Ibonds Dec 2025 Term | 0.55% | 255,960 | $6.8M | Add +13.0% |
| ITW Illinois Tool Works | 0.52% | 27,151 | $6.4M | Reduce -1.6% |
| TMO Thermo Fisher Scientific Inc. | 0.52% | 11,610 | $6.4M | Reduce -3.0% |
| USB US Bancorp | 0.51% | 159,428 | $6.3M | Reduce -0.8% |
| MCD McDonald's Corp. | 0.50% | 24,303 | $6.2M | Reduce -0.1% |
| VOO Vanguard S&P 500 ETF | 0.49% | 12,140 | $6.1M | Reduce -8.1% |
| PEP Pepsico Inc. | 0.47% | 35,533 | $5.9M | Reduce -0.6% |
| XOM Exxon Mobil Corp. | 0.47% | 49,912 | $5.7M | Add +2.1% |
| BSMT Invesco Bulletshares 2029 MB | 0.45% | 241,536 | $5.5M | Add +2.0% |
| ORCL Oracle Corp. | 0.44% | 38,827 | $5.5M | Add +1.9% |
| JNJ Johnson & Johnson | 0.41% | 34,447 | $5.0M | Reduce -2.5% |
| CVX Chevron Corp. | 0.38% | 30,194 | $4.7M | Reduce -2.3% |
| CRM Salesforce Inc. | 0.38% | 18,345 | $4.7M | Add +11.9% |
| CMG Chipotle Mexican Grill Inc. | 0.38% | 74,375 | $4.7M | Reduce -4.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.37% | 41,768 | $4.6M | Add +0.1% |
| ABT Abbott Laboratories | 0.37% | 43,704 | $4.5M | Reduce -1.0% |
| AMT American Tower Corp. | 0.37% | 23,293 | $4.5M | Reduce -2.1% |
| DHR Danaher Corp. | 0.36% | 18,003 | $4.5M | Reduce -1.9% |
| NKE Nike Inc. Class B | 0.35% | 57,057 | $4.3M | Reduce -0.7% |
| ADBE Adobe Inc. | 0.33% | 7,314 | $4.1M | Add +0.8% |
| V Visa Inc. Class A | 0.33% | 15,411 | $4.0M | Reduce -2.7% |
| KLAC KLA Corp. | 0.31% | 4,698 | $3.9M | Reduce -3.8% |
| IBMM iShares Ibonds Dec 2024 Term | 0.27% | 129,198 | $3.4M | Add +193.5% |
| CVS CVS Health Corp. | 0.27% | 56,900 | $3.4M | Add +0.2% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.26% | 3,623 | $3.3M | Reduce -4.1% |
| MDLZ Mondelez International Inc. Class A | 0.26% | 49,618 | $3.2M | Add +0.4% |
| ISRG Intuitive Surgical Inc. | 0.26% | 7,160 | $3.2M | Reduce -6.3% |
| LLY Eli Lilly & Co. | 0.25% | 3,385 | $3.1M | Add +1.2% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.25% | 5 | $3.1M | No change |
| ANSS Ansys Inc. | 0.24% | 9,114 | $2.9M | Reduce -1.2% |
| DE Deere & Co. | 0.23% | 7,733 | $2.9M | Reduce -3.8% |
| CMCSA Comcast Corp. Class A | 0.23% | 73,025 | $2.9M | Add +2.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.23% | 28,352 | $2.8M | Reduce -0.1% |
| SPGI S&P Global Inc. | 0.23% | 6,305 | $2.8M | Reduce -1.8% |
| NSC Norfolk Southern Corp. | 0.23% | 13,074 | $2.8M | Add +1.7% |
| CDW CDW Corp. | 0.22% | 12,396 | $2.8M | Add +100.9% |
| ZBH Zimmer Biomet Holdings Inc. | 0.22% | 24,960 | $2.7M | Reduce -0.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.21% | 15,346 | $2.7M | Add +3.1% |
| XLB SS Materials Select Sector | 0.21% | 29,429 | $2.6M | Reduce -2.5% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.21% | 39,714 | $2.5M | Add +24.8% |
| VTI VG Morningstar TS MKT ETF-US | 0.20% | 9,342 | $2.5M | Add +4.1% |
| CSCO Cisco Systems Inc. | 0.20% | 51,333 | $2.4M | Add +3.4% |
| KO The Coca-Cola Co. | 0.19% | 36,198 | $2.3M | Add +19.5% |
| LNT Alliant Energy Corp. | 0.18% | 44,272 | $2.3M | Reduce -0.6% |
| HON Honeywell International Inc. | 0.18% | 10,491 | $2.2M | Add +6.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.17% | 5,236 | $2.1M | Add +4.3% |
| ADI Analog Devices Inc. | 0.17% | 9,305 | $2.1M | Reduce -1.3% |
| MRSH Marsh & McLennan Cos | 0.17% | 10,063 | $2.1M | Add +1.3% |
| EOG EOG Resources Inc. | 0.16% | 16,147 | $2.0M | Reduce -2.1% |
| BDX Becton Dickinson and Co. | 0.16% | 8,628 | $2.0M | Add +15.6% |
| GD General Dynamics Corp. | 0.16% | 6,863 | $2.0M | Add +1.9% |
| CBOE Cboe Global Markets Inc. | 0.16% | 11,675 | $2.0M | No change |
| PFE Pfizer Inc. | 0.16% | 70,622 | $2.0M | Add +0.8% |
| VXF Vanguard Extended Market ETF | 0.16% | 11,640 | $2.0M | Add +6.9% |
| QCOM Qualcomm Inc. | 0.16% | 9,789 | $1.9M | Reduce -3.4% |
| IHF iShares U.S. Healthcare Prov | 0.15% | 36,454 | $1.9M | Reduce -1.9% |
| ECL Ecolab Inc. | 0.15% | 7,934 | $1.9M | Reduce -15.4% |
| BX Blackstone Inc. | 0.15% | 15,011 | $1.9M | Add +0.6% |
| INTC Intel Corp. | 0.14% | 56,712 | $1.8M | Reduce -2.1% |
| TFC Truist Financial Corp. | 0.14% | 44,880 | $1.7M | Add +4.5% |
| IAK iShares U.S. Insurance ETF | 0.14% | 15,183 | $1.7M | Reduce -0.7% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $529K (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 | $422K | No change |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 90 | $107K | No change |
Total filed on the 13F, all lines: $1.2B.
Portfolio Sells Q1 2024 → Q2 2024
| CATX Perspective Therapeutics Inc. | Sold out | 0.00% | −1.05 |
| BND Vanguard Total Bond Market | Reduce -12.4% | 1.90% | −0.39 |
| FAST Fastenal Co. | Reduce -3.5% | 1.00% | −0.33 |
| GUNR NT Mstar GLBL NR ETF | Reduce -3.5% | 2.63% | −0.29 |
| HD Home Depot Inc. | Reduce -1.7% | 0.92% | −0.17 |
| PG The Procter & Gamble Co. | Reduce -5.7% | 1.52% | −0.14 |
| NKE Nike Inc. Class B | Reduce -0.7% | 0.35% | −0.11 |
| ITW Illinois Tool Works | Reduce -1.6% | 0.52% | −0.11 |
| USB US Bancorp | Reduce -0.8% | 0.51% | −0.10 |
| FISV Fiserv Inc. | Reduce -3.6% | 0.58% | −0.10 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.3% | 9.81% | −0.09 |
| MCD McDonald's Corp. | Reduce -0.1% | 0.50% | −0.08 |
| IJR iShares Core S&P Small-Cap E | Reduce -4.3% | 0.59% | −0.08 |
| EFA iShares MSCI Eafe ETF | Reduce -0.3% | 1.10% | −0.08 |
| INTC Intel Corp. | Reduce -2.1% | 0.14% | −0.07 |
| TMO Thermo Fisher Scientific Inc. | Reduce -3.0% | 0.52% | −0.07 |
| DIS The Walt Disney Co. | Reduce -0.1% | 0.23% | −0.07 |
| JNJ Johnson & Johnson | Reduce -2.5% | 0.41% | −0.07 |
| IBDP iShares Ibonds Dec 2024 Term | Reduce -35.2% | 0.10% | −0.06 |
| JPM JPMorgan Chase & Co. | Reduce -2.5% | 1.00% | −0.06 |
| ZBH Zimmer Biomet Holdings Inc. | Reduce -0.5% | 0.22% | −0.06 |
| GWW WW Grainger Inc. | Reduce -4.1% | 0.26% | −0.06 |
| ICE Intercontinental Exchange Inc. | Reduce -3.7% | 0.63% | −0.06 |
| ABT Abbott Laboratories | Reduce -1.0% | 0.37% | −0.06 |
| PEP Pepsico Inc. | Reduce -0.6% | 0.47% | −0.06 |
| BMY Bristol-Myers Squibb Co. | Reduce -0.7% | 0.13% | −0.05 |
| V Visa Inc. Class A | Reduce -2.7% | 0.33% | −0.05 |
| VOO Vanguard S&P 500 ETF | Reduce -8.1% | 0.49% | −0.05 |
| DE Deere & Co. | Reduce -3.8% | 0.23% | −0.05 |
| VMC Vulcan Materials Co. | Reduce -12.3% | 0.11% | −0.04 |
| ANSS Ansys Inc. | Reduce -1.2% | 0.24% | −0.03 |
| AMT American Tower Corp. | Reduce -2.1% | 0.37% | −0.03 |
| CVX Chevron Corp. | Reduce -2.3% | 0.38% | −0.03 |
| ECL Ecolab Inc. | Reduce -15.4% | 0.15% | −0.03 |
| XLB SS Materials Select Sector | Reduce -2.5% | 0.21% | −0.03 |
| VXUS Vanguard Total Intl Stock | Reduce -12.4% | 0.14% | −0.03 |
| MSFT Microsoft Corp. | Reduce -2.3% | 2.85% | −0.03 |
| DHR Danaher Corp. | Reduce -1.9% | 0.36% | −0.02 |
| ILMN Illumina Inc. | Reduce -31.9% | 0.02% | −0.02 |
| HAL Halliburton Co. | Reduce -0.6% | 0.10% | −0.02 |
| VEEV Veeva Systems Inc. Class A | Reduce -2.6% | 0.06% | −0.02 |
| CSGP Costar Group Inc. | Reduce -0.8% | 0.05% | −0.02 |
| IHF iShares U.S. Healthcare Prov | Reduce -1.9% | 0.15% | −0.02 |
| CBRE CBRE Group Inc. Class A | Reduce -1.1% | 0.11% | −0.02 |
| MIDD Middleby Corp. | Reduce -0.1% | 0.04% | −0.02 |
| DCI Donaldson Co. Inc. | Reduce -1.7% | 0.14% | −0.02 |
| WCN Waste Connections Inc. | Reduce -7.6% | 0.13% | −0.01 |
| AMD Advanced Micro Devices | Reduce -2.0% | 0.08% | −0.01 |
| EOG EOG Resources Inc. | Reduce -2.1% | 0.16% | −0.01 |
| SBUX Starbucks Corp. | Reduce -37.4% | 0.01% | −0.01 |
Portfolio Buys Q1 2024 → Q2 2024
| FTRB Fed Hermes TTL RTRN BND | New | 2.96% | +2.96 |
| BSCT Invesco Bulletshares 2029 CB | New | 0.56% | +0.56 |
| BSCS Invesco Bulletshares 2028 CB | Add +15.2% | 3.49% | +0.30 |
| BSCR Invesco Bulletshares 2027 CB | Add +14.3% | 3.52% | +0.28 |
| IBMM iShares Ibonds Dec 2024 Term | Add +193.5% | 0.27% | +0.18 |
| BSCQ Invesco Bulletshares 2026 CB | Add +9.6% | 3.86% | +0.17 |
| CDW CDW Corp. | Add +100.9% | 0.22% | +0.09 |
| IBTF iShares Ibonds Dec 2025 Term | Add +6.7% | 3.89% | +0.07 |
| UNP Union Pacific Corp. | Add +87.6% | 0.12% | +0.05 |
| IBMN iShares Ibonds Dec 2025 Term | Add +13.0% | 0.55% | +0.04 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +24.8% | 0.21% | +0.04 |
| IBMO iShares Ibonds Dec 2026 Term | Add +12.4% | 0.57% | +0.04 |
| ORCL Oracle Corp. | Add +1.9% | 0.44% | +0.04 |
| VWO Vanguard Ftse Emerging Marke | Add +3.5% | 1.09% | +0.04 |
| KO The Coca-Cola Co. | Add +19.5% | 0.19% | +0.03 |
| MCHP Microchip Technology Inc. | Add +158.7% | 0.05% | +0.03 |
| LLY Eli Lilly & Co. | Add +1.2% | 0.25% | +0.03 |
| BSMO Invesco Bulletshares 2024 MB | New | 0.03% | +0.03 |
| BSCP Invesco Bulletshares 2025 CB | Add +106.4% | 0.05% | +0.03 |
| BSCU Invesco Bulletshares 2030 CB | New | 0.02% | +0.02 |
| META Meta Platforms Inc. Class A | Add +5.0% | 0.58% | +0.02 |
| BSMP Invesco Bulletshares 2025 MB | Add +184.9% | 0.03% | +0.02 |
| ODFL Old Dominion Freight Line | Add +107.1% | 0.05% | +0.02 |
| ADBE Adobe Inc. | Add +0.8% | 0.33% | +0.02 |
| IBDQ iShares Ibonds Dec 2025 Term | Add +37.0% | 0.08% | +0.02 |
| MANH Manhattan Associates Inc. | New | 0.02% | +0.02 |
| T AT&T Inc. | Add +13.3% | 0.10% | +0.02 |
| PYPL PayPal Holdings Inc. | Add +58.2% | 0.06% | +0.01 |
| TJX TJX Companies Inc. | Add +0.1% | 0.37% | +0.01 |
| TEAM Atlassian Corp. Class A | New | 0.01% | +0.01 |
| BSCO Invesco Bulletshares 2024 CB | Add +23.7% | 0.08% | +0.01 |
| TYL Tyler Technologies Inc. | Add +33.3% | 0.04% | +0.01 |
| NVO Novo-Nordisk A/S-Spons ADR | New | 0.01% | +0.01 |
| UNH Unitedhealth Group Inc. | New | 0.01% | +0.01 |
| HON Honeywell International Inc. | Add +6.6% | 0.18% | +0.01 |
| NEE Nextera Energy Inc. | Add +3.6% | 0.11% | +0.01 |
| SUSB iShares ESG Aware 1-5 Year U | New | 0.01% | +0.01 |
| HTLD Heartland Express Inc. | Add +13.9% | 0.07% | +0.01 |
| ZTS Zoetis Inc. | Add +48.2% | 0.03% | +0.01 |
| BDX Becton Dickinson and Co. | Add +15.6% | 0.16% | +0.01 |
| INTU Intuit Inc. | Add +21.8% | 0.04% | +0.01 |
| BIIB Biogen Inc. | Add +4.9% | 0.08% | +0.01 |
| GII State Street SPDR S&P Global | Add +4.3% | 0.96% | +0.01 |
| VTI VG Morningstar TS MKT ETF-US | Add +4.1% | 0.20% | +0.00 |
| WMT Walmart Inc. | Add +1.0% | 0.05% | +0.00 |
| SCHW Schwab (charles) Corp. | Add +6.7% | 0.11% | +0.00 |
| WFC Wells Fargo & Co. | Add +8.7% | 0.07% | +0.00 |
| WST West Pharmaceutical Services | Add +43.9% | 0.03% | +0.00 |
| PM Philip Morris International | Add +0.8% | 0.06% | +0.00 |
| MPWR Monolithic Power Systems Inc. | Add +3.7% | 0.02% | +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 |