Hills Bank & Trust Co
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 28, 2024), Hills Bank & Trust Co reported 301 stock positions worth $1.3 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 9.6% of the portfolio, followed by State Street SPDR S&P Midcap (MDY, 5.2%) and Invesco Bulletshares 2026 CB (BSCQ, 3.8%). Compared with Q2 2024, it opened 19 new positions, sold out of 2, added to 72 and reduced 133. The biggest buy was a new position in Perspective Therapeutics (CATX) and the biggest sale iShares Ibonds Dec 2024 Term (IBTE, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- North Liberty, IA
- CIK
- 0001309148
- Portfolio Value
- $1.3B (Q3 2024)
- SEC Filing
- 0001309148-24-000032 ↗ filed Oct 28, 2024
Holdings Value
Holdings 301 stocks · $1.3B
| SPY SS SPDR S&P 500 ETF Trust-US | 9.58% | 220,995 | $126.8M | Reduce -0.7% |
| MDY State Street SPDR S&P Midcap | 5.21% | 120,979 | $68.9M | Reduce -0.3% |
| BSCQ Invesco Bulletshares 2026 CB | 3.78% | 2,559,196 | $50.1M | Add +3.0% |
| IBTF iShares Ibonds Dec 2025 Term | 3.75% | 2,117,812 | $49.6M | Add +2.4% |
| IBTE iShares Ibonds Dec 2024 Term | 3.53% | 1,945,160 | $46.7M | Reduce -2.7% |
| BSCR Invesco Bulletshares 2027 CB | 3.48% | 2,338,825 | $46.1M | Add +3.5% |
| BSCS Invesco Bulletshares 2028 CB | 3.45% | 2,223,070 | $45.7M | Add +2.8% |
| VEA Vanguard Ftse Developed ETF | 3.34% | 836,967 | $44.2M | Add +1.2% |
| FTRB Fed Hermes TTL RTRN BND | 2.95% | 1,514,055 | $39.1M | Add +2.7% |
| MSFT Microsoft Corp. | 2.52% | 77,386 | $33.3M | Reduce -1.7% |
| GUNR NT Mstar GLBL NR ETF | 2.50% | 802,117 | $33.1M | Reduce -0.9% |
| AAPL Apple Inc. | 2.36% | 134,155 | $31.3M | Reduce -1.5% |
| NVDA Nvidia Corp. | 2.28% | 249,059 | $30.2M | Reduce -2.8% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 2.25% | 544,324 | $29.8M | Add +1.5% |
| BND Vanguard Total Bond Market | 1.86% | 328,239 | $24.7M | Add +0.8% |
| GOOG Alphabet Inc. Class C | 1.59% | 126,116 | $21.1M | Reduce -2.1% |
| PG The Procter & Gamble Co. | 1.53% | 117,084 | $20.3M | Add +2.9% |
| BSCT Invesco Bulletshares 2029 CB | 1.18% | 828,201 | $15.6M | Add +116.3% |
| VWO Vanguard Ftse Emerging Marke | 1.14% | 314,727 | $15.1M | Add +2.5% |
| EFA iShares MSCI Eafe ETF | 1.09% | 172,407 | $14.4M | Reduce -0.6% |
| CATX Perspective Therapeutics Inc. | 1.04% | 1,027,830 | $13.7M | New |
| FAST Fastenal Co. | 1.03% | 191,403 | $13.7M | Reduce -2.3% |
| GII State Street SPDR S&P Global | 1.00% | 215,510 | $13.3M | Reduce -0.5% |
| HD Home Depot Inc. | 1.00% | 32,553 | $13.2M | Reduce -1.3% |
| JPM JPMorgan Chase & Co. | 0.95% | 59,471 | $12.5M | Reduce -2.2% |
| AMZN Amazon.com Inc. | 0.93% | 66,286 | $12.4M | Reduce -1.5% |
| JPIB JPMorgan Intl BND ETF | 0.82% | 224,076 | $10.9M | Add +2.6% |
| GQRE NT GLBL Qual Re ETF | 0.81% | 172,627 | $10.8M | Add +0.3% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.77% | 193,716 | $10.2M | Add +7.0% |
| RWO State Street SPDR Dow Jones | 0.73% | 204,596 | $9.7M | Reduce -1.1% |
| ICE Intercontinental Exchange Inc. | 0.67% | 55,400 | $8.9M | Reduce -3.2% |
| MA Mastercard Inc. Class A | 0.65% | 17,345 | $8.6M | Reduce -1.1% |
| IBMP iShares Ibonds Dec 2027 Term | 0.63% | 325,241 | $8.3M | Add +9.4% |
| FISV Fiserv Inc. | 0.62% | 45,810 | $8.2M | Reduce -4.2% |
| IBMO iShares Ibonds Dec 2026 Term | 0.60% | 311,484 | $8.0M | Add +12.9% |
| META Meta Platforms Inc. Class A | 0.59% | 13,652 | $7.8M | Reduce -3.1% |
| IBMN iShares Ibonds Dec 2025 Term | 0.58% | 288,472 | $7.7M | Add +12.7% |
| COST Costco Wholesale Corp. | 0.58% | 8,653 | $7.7M | Reduce -1.7% |
| IBMQ iShares Ibonds Dec 2028 Muni | 0.57% | 296,489 | $7.6M | Add +6.7% |
| IJR iShares Core S&P Small-Cap E | 0.57% | 64,146 | $7.5M | Reduce -6.0% |
| PANW Palo Alto Networks Inc. | 0.56% | 21,502 | $7.3M | Reduce -2.6% |
| USB US Bancorp | 0.55% | 159,427 | $7.3M | Reduce 0.0% |
| MCD McDonald's Corp. | 0.54% | 23,576 | $7.2M | Reduce -3.0% |
| TMO Thermo Fisher Scientific Inc. | 0.54% | 11,545 | $7.1M | Reduce -0.6% |
| ITW Illinois Tool Works | 0.51% | 25,671 | $6.7M | Reduce -5.5% |
| VOO Vanguard S&P 500 ETF | 0.50% | 12,520 | $6.6M | Add +3.1% |
| ORCL Oracle Corp. | 0.49% | 38,368 | $6.5M | Reduce -1.2% |
| BSMT Invesco Bulletshares 2029 MB | 0.46% | 262,065 | $6.1M | Add +8.5% |
| PEP Pepsico Inc. | 0.45% | 34,692 | $5.9M | Reduce -2.4% |
| JNJ Johnson & Johnson | 0.41% | 33,870 | $5.5M | Reduce -1.7% |
| NKE Nike Inc. Class B | 0.40% | 60,543 | $5.4M | Add +6.1% |
| AMT American Tower Corp. | 0.40% | 22,520 | $5.2M | Reduce -3.3% |
| XOM Exxon Mobil Corp. | 0.39% | 44,211 | $5.2M | Reduce -11.4% |
| DHR Danaher Corp. | 0.38% | 17,982 | $5.0M | Reduce -0.1% |
| CRM Salesforce Inc. | 0.37% | 17,994 | $4.9M | Reduce -1.9% |
| ABT Abbott Laboratories | 0.37% | 43,142 | $4.9M | Reduce -1.3% |
| CMG Chipotle Mexican Grill Inc. | 0.37% | 84,067 | $4.8M | Add +13.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.36% | 40,399 | $4.7M | Reduce -3.3% |
| CVX Chevron Corp. | 0.33% | 29,370 | $4.3M | Reduce -2.7% |
| V Visa Inc. Class A | 0.32% | 15,350 | $4.2M | Reduce -0.4% |
| ADBE Adobe Inc. | 0.28% | 7,228 | $3.7M | Reduce -1.2% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.27% | 3,486 | $3.6M | Reduce -3.8% |
| KLAC KLA Corp. | 0.27% | 4,563 | $3.5M | Reduce -2.9% |
| MDLZ Mondelez International Inc. Class A | 0.27% | 47,614 | $3.5M | Reduce -4.0% |
| CVS CVS Health Corp. | 0.26% | 55,257 | $3.5M | Reduce -2.9% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.26% | 5 | $3.5M | No change |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.26% | 51,108 | $3.5M | Add +28.7% |
| IBMM iShares Ibonds Dec 2024 Term | 0.25% | 129,198 | $3.4M | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.25% | 15,077 | $3.3M | Reduce -1.8% |
| LLY Eli Lilly & Co. | 0.25% | 3,745 | $3.3M | Add +10.6% |
| NSC Norfolk Southern Corp. | 0.24% | 12,802 | $3.2M | Reduce -2.1% |
| DE Deere & Co. | 0.24% | 7,461 | $3.1M | Reduce -3.5% |
| CMCSA Comcast Corp. Class A | 0.23% | 71,416 | $3.0M | Reduce -2.2% |
| ANSS Ansys Inc. | 0.22% | 9,109 | $2.9M | Reduce -0.1% |
| CDW CDW Corp. | 0.21% | 12,217 | $2.8M | Reduce -1.4% |
| ISRG Intuitive Surgical Inc. | 0.21% | 5,561 | $2.7M | Reduce -22.3% |
| XLB SS Materials Select Sector | 0.21% | 28,336 | $2.7M | Reduce -3.7% |
| CSCO Cisco Systems Inc. | 0.20% | 50,909 | $2.7M | Reduce -0.8% |
| LNT Alliant Energy Corp. | 0.20% | 44,272 | $2.7M | No change |
| SPGI S&P Global Inc. | 0.20% | 5,173 | $2.7M | Reduce -17.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.20% | 27,649 | $2.7M | Reduce -2.5% |
| ZBH Zimmer Biomet Holdings Inc. | 0.20% | 24,421 | $2.6M | Reduce -2.2% |
| KO The Coca-Cola Co. | 0.20% | 35,973 | $2.6M | Reduce -0.6% |
| VTI VG Morningstar TS MKT ETF-US | 0.19% | 9,023 | $2.6M | Reduce -3.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.19% | 5,540 | $2.5M | Add +5.8% |
| CBOE Cboe Global Markets Inc. | 0.18% | 11,675 | $2.4M | No change |
| BX Blackstone Inc. | 0.17% | 14,839 | $2.3M | Reduce -1.1% |
| MRSH Marsh & McLennan Cos | 0.17% | 9,955 | $2.2M | Reduce -1.1% |
| VXF Vanguard Extended Market ETF | 0.17% | 12,048 | $2.2M | Add +3.5% |
| HON Honeywell International Inc. | 0.16% | 10,415 | $2.2M | Reduce -0.7% |
| ADI Analog Devices Inc. | 0.16% | 9,121 | $2.1M | Reduce -2.0% |
| GD General Dynamics Corp. | 0.16% | 6,828 | $2.1M | Reduce -0.5% |
| BDX Becton Dickinson and Co. | 0.16% | 8,555 | $2.1M | Reduce -0.8% |
| PFE Pfizer Inc. | 0.15% | 69,875 | $2.0M | Reduce -1.1% |
| IHF iShares U.S. Healthcare Prov | 0.15% | 34,624 | $2.0M | Reduce -5.0% |
| ECL Ecolab Inc. | 0.15% | 7,685 | $2.0M | Reduce -3.1% |
| EOG EOG Resources Inc. | 0.15% | 15,929 | $2.0M | Reduce -1.4% |
| VXUS Vanguard Total Intl Stock | 0.14% | 29,488 | $1.9M | Add +4.1% |
| IAK iShares U.S. Insurance ETF | 0.14% | 14,691 | $1.9M | Reduce -3.2% |
| TFC Truist Financial Corp. | 0.14% | 44,181 | $1.9M | Reduce -1.6% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $545K (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 | $430K | No change |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 90 | $115K | No change |
Total filed on the 13F, all lines: $1.3B.
Portfolio Sells Q2 2024 → Q3 2024
| IBTE iShares Ibonds Dec 2024 Term | Reduce -2.7% | 3.53% | −0.36 |
| MSFT Microsoft Corp. | Reduce -1.7% | 2.52% | −0.34 |
| GOOG Alphabet Inc. Class C | Reduce -2.1% | 1.59% | −0.32 |
| NVDA Nvidia Corp. | Reduce -2.8% | 2.28% | −0.28 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.7% | 9.58% | −0.23 |
| GUNR NT Mstar GLBL NR ETF | Reduce -0.9% | 2.50% | −0.13 |
| AMZN Amazon.com Inc. | Reduce -1.5% | 0.93% | −0.12 |
| XOM Exxon Mobil Corp. | Reduce -11.4% | 0.39% | −0.07 |
| MDY State Street SPDR S&P Midcap | Reduce -0.3% | 5.21% | −0.06 |
| CVX Chevron Corp. | Reduce -2.7% | 0.33% | −0.06 |
| INTC Intel Corp. | Reduce -10.9% | 0.09% | −0.05 |
| ISRG Intuitive Surgical Inc. | Reduce -22.3% | 0.21% | −0.05 |
| PANW Palo Alto Networks Inc. | Reduce -2.6% | 0.56% | −0.05 |
| JPM JPMorgan Chase & Co. | Reduce -2.2% | 0.95% | −0.05 |
| KLAC KLA Corp. | Reduce -2.9% | 0.27% | −0.05 |
| ADBE Adobe Inc. | Reduce -1.2% | 0.28% | −0.05 |
| KMX Carmax Inc. | Sold out | 0.00% | −0.03 |
| BA The Boeing Co. | Reduce -0.9% | 0.10% | −0.03 |
| SO The Southern Co. | Reduce -32.8% | 0.08% | −0.03 |
| PEP Pepsico Inc. | Reduce -2.4% | 0.45% | −0.03 |
| DIS The Walt Disney Co. | Reduce -2.5% | 0.20% | −0.03 |
| COST Costco Wholesale Corp. | Reduce -1.7% | 0.58% | −0.03 |
| SPGI S&P Global Inc. | Reduce -17.9% | 0.20% | −0.03 |
| IJR iShares Core S&P Small-Cap E | Reduce -6.0% | 0.57% | −0.02 |
| DCI Donaldson Co. Inc. | Reduce -12.2% | 0.12% | −0.02 |
| SCHW Schwab (charles) Corp. | Reduce -0.7% | 0.09% | −0.02 |
| ZBH Zimmer Biomet Holdings Inc. | Reduce -2.2% | 0.20% | −0.02 |
| HON Honeywell International Inc. | Reduce -0.7% | 0.16% | −0.02 |
| ANSS Ansys Inc. | Reduce -0.1% | 0.22% | −0.02 |
| EOG EOG Resources Inc. | Reduce -1.4% | 0.15% | −0.02 |
| CDW CDW Corp. | Reduce -1.4% | 0.21% | −0.02 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -22.1% | 0.02% | −0.02 |
| PM Philip Morris International | Reduce -30.9% | 0.05% | −0.01 |
| TROW T Rowe Price Group Inc. | Reduce -2.6% | 0.09% | −0.01 |
| TJX TJX Companies Inc. | Reduce -3.3% | 0.36% | −0.01 |
| ADI Analog Devices Inc. | Reduce -2.0% | 0.16% | −0.01 |
| ITW Illinois Tool Works | Reduce -5.5% | 0.51% | −0.01 |
| EFA iShares MSCI Eafe ETF | Reduce -0.6% | 1.09% | −0.01 |
| MKL Markel Group Inc. | Reduce -4.9% | 0.09% | −0.01 |
| COR Cencora Inc. | Reduce -1.3% | 0.12% | −0.01 |
| MO Altria Group Inc. | Reduce -38.6% | 0.02% | −0.01 |
| CRM Salesforce Inc. | Reduce -1.9% | 0.37% | −0.01 |
| CVS CVS Health Corp. | Reduce -2.9% | 0.26% | −0.01 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -3.4% | 0.19% | −0.01 |
| AMD Advanced Micro Devices | Reduce -6.3% | 0.07% | −0.01 |
| V Visa Inc. Class A | Reduce -0.4% | 0.32% | −0.01 |
| IWF iShares Russell 1000 Growth | Sold out | 0.00% | −0.01 |
| BDX Becton Dickinson and Co. | Reduce -0.8% | 0.16% | −0.01 |
| PFE Pfizer Inc. | Reduce -1.1% | 0.15% | −0.01 |
| WCN Waste Connections Inc. | Reduce -0.3% | 0.13% | −0.01 |
Portfolio Buys Q2 2024 → Q3 2024
| CATX Perspective Therapeutics Inc. | New | 1.04% | +1.04 |
| BSCT Invesco Bulletshares 2029 CB | Add +116.3% | 1.18% | +0.61 |
| BSMU Invesco Bulletshares 2030 MB | New | 0.09% | +0.09 |
| SPYV SS SPDR P S&P 500 Value ETF | Add +7.0% | 0.77% | +0.06 |
| NKE Nike Inc. Class B | Add +6.1% | 0.40% | +0.06 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +28.7% | 0.26% | +0.05 |
| GQRE NT GLBL Qual Re ETF | Add +0.3% | 0.81% | +0.05 |
| VWO Vanguard Ftse Emerging Marke | Add +2.5% | 1.14% | +0.05 |
| IBMO iShares Ibonds Dec 2026 Term | Add +12.9% | 0.60% | +0.04 |
| VTEB Vanguard Tax-Exempt Bond ETF | New | 0.04% | +0.04 |
| IBMN iShares Ibonds Dec 2025 Term | Add +12.7% | 0.58% | +0.03 |
| VEA Vanguard Ftse Developed ETF | Add +1.2% | 3.34% | +0.03 |
| IBMP iShares Ibonds Dec 2027 Term | Add +9.4% | 0.63% | +0.02 |
| MAS Masco Corp. | Add +0.7% | 0.13% | +0.02 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +5.8% | 0.19% | +0.02 |
| CDNS Cadence Design SYS Inc. | New | 0.02% | +0.02 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Add +1.5% | 2.25% | +0.02 |
| MANH Manhattan Associates Inc. | Add +107.4% | 0.03% | +0.02 |
| CPRT Copart Inc. | Add +52.1% | 0.07% | +0.02 |
| PYPL PayPal Holdings Inc. | Add +3.2% | 0.08% | +0.02 |
| BSCP Invesco Bulletshares 2025 CB | Add +38.0% | 0.07% | +0.02 |
| NOW ServiceNow Inc. | New | 0.01% | +0.01 |
| FDX FedEx Corp. | Add +121.2% | 0.03% | +0.01 |
| BSMT Invesco Bulletshares 2029 MB | Add +8.5% | 0.46% | +0.01 |
| BSMS Invesco Bulletshares 2028 MB | New | 0.01% | +0.01 |
| PG The Procter & Gamble Co. | Add +2.9% | 1.53% | +0.01 |
| IBMQ iShares Ibonds Dec 2028 Muni | Add +6.7% | 0.57% | +0.01 |
| TSLA Tesla Inc. | New | 0.01% | +0.01 |
| ALL Allstate Corp. | Add +1.1% | 0.10% | +0.01 |
| BSMQ Invesco Bulletshares 2026 MB | New | 0.01% | +0.01 |
| WEC WEC Energy Group Inc. | New | 0.01% | +0.01 |
| ABBV Abbvie Inc. | Add +2.9% | 0.09% | +0.01 |
| SNDR Schneider National Inc. Class B | New | 0.01% | +0.01 |
| TEAM Atlassian Corp. Class A | Add +96.6% | 0.02% | +0.01 |
| WY Weyerhaeuser Co. | New | 0.01% | +0.01 |
| CCI Crown Castle Inc. | New | 0.01% | +0.01 |
| MU Micron Technology Inc. | New | 0.01% | +0.01 |
| CARR Carrier Global Corp. | New | 0.01% | +0.01 |
| HROW Harrow Inc. | New | 0.01% | +0.01 |
| MDT Medtronic PLC | New | 0.01% | +0.01 |
| BSV Vanguard Short-Term Bond ETF | New | 0.01% | +0.01 |
| CHRW C.H. Robinson Worldwide Inc. | New | 0.01% | +0.01 |
| KMI Kinder Morgan Inc. | New | 0.01% | +0.01 |
| VOO Vanguard S&P 500 ETF | Add +3.1% | 0.50% | +0.01 |
| GE General Electric | Add +0.4% | 0.07% | +0.01 |
| VXF Vanguard Extended Market ETF | Add +3.5% | 0.17% | +0.01 |
| VXUS Vanguard Total Intl Stock | Add +4.1% | 0.14% | +0.01 |
| ASML ASML Holding NV-NY Reg SHS | Add +50.6% | 0.05% | +0.01 |
| UBER Uber Technologies Inc. | Add +42.4% | 0.02% | +0.01 |
| ZTS Zoetis Inc. | Add +13.5% | 0.03% | +0.01 |
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 |