Hilltop Holdings Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Hilltop Holdings Inc. reported 841 stock positions worth $1.6 billion. Its top holding was Apple (AAPL) at 4.0% of the portfolio, followed by Microsoft (MSFT, 3.1%) and SPDR Gold Shares (GLD, 2.0%). Compared with Q4 2024, it opened 78 new positions, sold out of 73, added to 435 and reduced 288. The biggest buy was SPDR Gold Shares (GLD, shares +9%) and the biggest sale Broadcom (AVGO, shares −11%).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001265131
- Portfolio Value
- $1.6B (Q1 2025)
- SEC Filing
- 0001104659-25-049466 ↗ filed May 15, 2025
Holdings Value
Holdings 841 stocks · $1.6B
| AAPL Apple Inc. | 3.99% | 284,422 | $63.2M | Reduce -0.0% |
| MSFT Microsoft Corp. | 3.08% | 129,867 | $48.8M | Add +3.6% |
| GLD SPDR Gold Shares | 2.01% | 110,482 | $31.8M | Add +9.0% |
| AMZN Amazon.com Inc. | 1.56% | 129,885 | $24.7M | Add +1.5% |
| NVDA Nvidia Corp. | 1.52% | 222,997 | $24.2M | Add +15.2% |
| V Visa Inc. Class A | 1.37% | 62,095 | $21.8M | Reduce -6.9% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 1.28% | 187,124 | $20.3M | Add +2.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.24% | 35,098 | $19.6M | Reduce -5.3% |
| JPM JPMorgan Chase & Co. | 1.08% | 69,967 | $17.2M | Reduce -18.3% |
| CVX Chevron Corp. | 1.05% | 99,691 | $16.7M | Add +3.2% |
| HD Home Depot Inc. | 1.00% | 43,315 | $15.9M | Add +7.7% |
| AVGO Broadcom Inc. | 0.97% | 91,667 | $15.3M | Reduce -11.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.93% | 27,663 | $14.7M | Add +0.6% |
| MBB iShares MBS ETF | 0.85% | 143,127 | $13.4M | Reduce -5.1% |
| MA Mastercard Inc. Class A | 0.81% | 23,504 | $12.9M | Add +14.2% |
| GOOGL Alphabet Inc. Class A | 0.79% | 81,145 | $12.5M | Add +6.5% |
| META Meta Platforms Inc. Class A | 0.77% | 21,278 | $12.3M | Add +14.6% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.76% | 32,682 | $12.1M | Add +5.1% |
| ABT Abbott Laboratories | 0.74% | 87,954 | $11.7M | Add +0.9% |
| UNH Unitedhealth Group Inc. | 0.72% | 21,651 | $11.3M | Add +4.6% |
| QQQ Invesco QQQ Trust Series 1 | 0.69% | 23,237 | $10.9M | Add +18.6% |
| ABBV Abbvie Inc. | 0.67% | 50,791 | $10.6M | Add +1.3% |
| ACN Accenture PLC Class A | 0.65% | 32,889 | $10.3M | Reduce -1.2% |
| SGOV iShares 0-3 Month Treasury B | 0.64% | 101,099 | $10.2M | Add +40.8% |
| UNP Union Pacific Corp. | 0.63% | 42,229 | $10.0M | Add +0.7% |
| XOM Exxon Mobil Corp. | 0.62% | 82,635 | $9.8M | Reduce -0.2% |
| XLF SS Financial Select Sector | 0.60% | 190,698 | $9.5M | Reduce -1.2% |
| MCD McDonald's Corp. | 0.60% | 30,314 | $9.5M | Add +1.4% |
| AMGN Amgen Inc. | 0.58% | 29,328 | $9.1M | Reduce -5.1% |
| JPST JPMorgan Ultra-Short Income | 0.57% | 177,200 | $9.0M | Add +9.1% |
| PM Philip Morris International | 0.56% | 56,198 | $8.9M | Add +2.9% |
| GOVT iShares US Treasury Bond ETF | 0.55% | 379,670 | $8.7M | Reduce -0.3% |
| IWM iShares Russell 2000 ETF | 0.55% | 43,429 | $8.7M | Add +6.1% |
| GOOG Alphabet Inc. Class C | 0.55% | 55,364 | $8.6M | Add +7.0% |
| ETN Eaton Corp. PLC | 0.53% | 30,853 | $8.4M | Add +23.8% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.52% | 104,636 | $8.3M | Add +5.8% |
| NEE Nextera Energy Inc. | 0.50% | 112,240 | $8.0M | Add +0.9% |
| LIN Linde PLC | 0.50% | 17,054 | $7.9M | Reduce -1.0% |
| BND Vanguard Total Bond Market | 0.49% | 106,397 | $7.8M | Add +2.4% |
| XLK SS Technology Select Sector | 0.46% | 35,248 | $7.3M | Reduce -22.4% |
| LLY Eli Lilly & Co. | 0.46% | 8,758 | $7.2M | Add +8.8% |
| WMT Walmart Inc. | 0.45% | 81,838 | $7.2M | Add +14.8% |
| SPGI S&P Global Inc. | 0.45% | 13,939 | $7.1M | Reduce -0.2% |
| CSCO Cisco Systems Inc. | 0.44% | 112,972 | $7.0M | Reduce -16.3% |
| HON Honeywell International Inc. | 0.44% | 32,769 | $6.9M | Reduce -14.3% |
| PG The Procter & Gamble Co. | 0.42% | 39,248 | $6.7M | Add +2.0% |
| MRK Merck & Co. Inc. | 0.42% | 74,363 | $6.7M | Add +1.4% |
| IEFA iShares Core MSCI Eafe ETF | 0.41% | 86,911 | $6.6M | Add +664.7% |
| VOO Vanguard S&P 500 ETF | 0.41% | 12,774 | $6.6M | Reduce -7.8% |
| FLOT iShares Floating Rate Bond E | 0.41% | 127,534 | $6.5M | Add +40.5% |
| PH Parker Hannifin Corp. | 0.41% | 10,598 | $6.4M | Add +24.3% |
| JNJ Johnson & Johnson | 0.40% | 38,599 | $6.4M | Add +1.5% |
| PAYX Paychex Inc. | 0.40% | 41,060 | $6.3M | Add +10.9% |
| ORCL Oracle Corp. | 0.40% | 45,244 | $6.3M | Reduce -0.5% |
| VZ Verizon Communications Inc. | 0.40% | 138,645 | $6.3M | Reduce -14.3% |
| CB Chubb Ltd. | 0.40% | 20,785 | $6.3M | Add +48.1% |
| BNDX Vanguard Total Intl Bond ETF | 0.40% | 128,405 | $6.3M | Reduce -0.8% |
| ZTS Zoetis Inc. | 0.38% | 36,277 | $6.0M | Add +3.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.37% | 23,845 | $5.9M | Reduce -2.7% |
| MS Morgan Stanley | 0.37% | 50,771 | $5.9M | Add +20.1% |
| EPD Enterprise Products Partners | 0.37% | 173,504 | $5.9M | Add +2.0% |
| MDLZ Mondelez International Inc. Class A | 0.37% | 87,287 | $5.9M | Add +9.3% |
| COST Costco Wholesale Corp. | 0.37% | 6,171 | $5.8M | Reduce -13.7% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.36% | 62,701 | $5.8M | Add +1.9% |
| SPSB SS SPDR P St C Corp. ETF | 0.36% | 190,406 | $5.7M | Reduce -4.6% |
| XLY SS Consumer Disc Select Sect | 0.36% | 28,511 | $5.6M | Add +0.3% |
| EFA iShares MSCI Eafe ETF | 0.35% | 67,355 | $5.5M | Reduce -27.6% |
| BIZD Vaneck BDC Income ETF | 0.35% | 327,584 | $5.5M | Reduce -4.0% |
| MTUM iShares MSCI USA Momentum Fa | 0.34% | 26,629 | $5.4M | Add +15.7% |
| KO The Coca-Cola Co. | 0.33% | 73,713 | $5.3M | Reduce -3.4% |
| ET Energy Transfer LP | 0.33% | 283,866 | $5.3M | Add +0.2% |
| ADP Automatic Data Processing | 0.33% | 17,218 | $5.3M | Reduce -1.8% |
| TLT iShares 20+ Year Treasury BD | 0.33% | 57,233 | $5.2M | Add +39.1% |
| NFLX Netflix Inc. | 0.33% | 5,552 | $5.2M | Reduce -3.8% |
| CMS CMS Energy Corp. | 0.32% | 67,724 | $5.1M | Reduce -2.2% |
| CWB SS SPDR BB Conv Sec ETF | 0.32% | 66,154 | $5.1M | Reduce -1.6% |
| IVV iShares Core S&P 500 ETF | 0.31% | 8,813 | $5.0M | Add +37.8% |
| ELV Elevance Health Inc. | 0.31% | 11,246 | $4.9M | Add +2.1% |
| XLV SS Health Care Select Sector | 0.31% | 33,205 | $4.8M | Add +6.8% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.30% | 11,488 | $4.8M | Add +10.0% |
| APH Amphenol Corp. Class A | 0.30% | 72,740 | $4.8M | Add +94.9% |
| RJF Raymond James Financial Inc. | 0.30% | 34,048 | $4.7M | Reduce -2.1% |
| SPHB Invesco S&P 500 High Beta Et | 0.30% | 60,015 | $4.7M | Add +5.9% |
| CAFX Congress Intermediate Bond filed as PROFESIONALLY MANAGED PORTFO | 0.30% | 189,246 | $4.7M | Reduce -6.2% |
| IUSV iShares Core S&P U.S. Value | 0.29% | 49,852 | $4.6M | Add +59.7% |
| BLK BlackRock Inc. | 0.29% | 4,812 | $4.6M | Add +2.2% |
| T AT&T Inc. | 0.29% | 160,934 | $4.6M | Reduce -1.3% |
| IJH iShares Core S&P Midcap ETF | 0.28% | 77,387 | $4.5M | Add +5.2% |
| A Agilent Technologies Inc. | 0.28% | 38,558 | $4.5M | Reduce -0.3% |
| IWF iShares Russell 1000 Growth | 0.28% | 12,113 | $4.4M | Add +2.1% |
| CL Colgate-Palmolive Co. | 0.27% | 45,829 | $4.3M | Add +0.6% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.27% | 12,398 | $4.3M | Add +2.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.27% | 34,882 | $4.2M | Add +1.6% |
| IYE iShares U.S. Energy ETF | 0.26% | 84,682 | $4.2M | Add +11.4% |
| KVUE Kenvue Inc. | 0.26% | 171,260 | $4.1M | Add +1.6% |
| LMT Lockheed Martin Corp. | 0.26% | 9,087 | $4.1M | Reduce -20.4% |
| PLD Prologis Inc. | 0.25% | 35,553 | $4.0M | Add +29.9% |
| TGT Target Corp. | 0.25% | 37,733 | $3.9M | Add +24.4% |
| EQIX Equinix Inc. | 0.25% | 4,825 | $3.9M | Reduce -8.9% |
| IEMG iShares Core MSCI Emerging | 0.25% | 72,873 | $3.9M | Add +107.5% |
Options reported separately and not counted above: IWN calls ($7.6M).
Other holdings (2): bonds, preferreds, convertibles and warrants · $293K (not counted above)
Total filed on the 13F, all lines: $1.6B.
Portfolio Sells Q4 2024 → Q1 2025
| AVGO Broadcom Inc. | Reduce -11.0% | 0.97% | −0.54 |
| AAPL Apple Inc. | Reduce -0.0% | 3.99% | −0.51 |
| JPM JPMorgan Chase & Co. | Reduce -18.3% | 1.08% | −0.21 |
| XLK SS Technology Select Sector | Reduce -22.4% | 0.46% | −0.21 |
| JEPQ JPM Nasdaq Equity Premium | Reduce -91.8% | 0.02% | −0.20 |
| JEPI JPMorgan Equity Premium Inco | Reduce -78.1% | 0.05% | −0.20 |
| IBDR iShares Ibonds Dec 2026 Term | Sold out | 0.00% | −0.19 |
| IWD iShares Russell 1000 Value E | Reduce -78.7% | 0.05% | −0.19 |
| IJR iShares Core S&P Small-Cap E | Reduce -38.5% | 0.23% | −0.19 |
| SCHD Schwab US DVD Equity ETF | Reduce -55.4% | 0.15% | −0.18 |
| DGRO iShares Core Dividend Growth | Reduce -67.6% | 0.08% | −0.16 |
| VTEB Vanguard Tax-Exempt Bond ETF | Sold out | 0.00% | −0.16 |
| GD General Dynamics Corp. | Reduce -75.1% | 0.05% | −0.15 |
| IBDQ iShares Ibonds Dec 2025 Term | Sold out | 0.00% | −0.15 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -5.3% | 1.24% | −0.13 |
| PDBC Invesco Optimum Yield Divers | Reduce -73.2% | 0.05% | −0.13 |
| ICOW Pacer Developed Markets Inte | Sold out | 0.00% | −0.12 |
| USHY iShares Broad Usd High Yield | Reduce -68.0% | 0.06% | −0.12 |
| EWJ iShares MSCI Japan ETF | Sold out | 0.00% | −0.12 |
| COKE Coca-Cola Consolidated Inc. | Sold out | 0.00% | −0.12 |
| HON Honeywell International Inc. | Reduce -14.3% | 0.44% | −0.11 |
| VGSH Vanguard Short-Term Treasury | Reduce -70.4% | 0.05% | −0.11 |
| IHAK iShares Cybersecurity & Tech | Sold out | 0.00% | −0.11 |
| EEM iShares MSCI Emerging Market | Reduce -72.4% | 0.04% | −0.10 |
| EIS iShares MSCI Israel ETF | Sold out | 0.00% | −0.10 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -84.3% | 0.02% | −0.10 |
| DHR Danaher Corp. | Reduce -34.6% | 0.14% | −0.10 |
| EFA iShares MSCI Eafe ETF | Reduce -27.6% | 0.35% | −0.10 |
| MINT PIMCO Enhanced Short Maturit | Reduce -79.5% | 0.03% | −0.10 |
| LMT Lockheed Martin Corp. | Reduce -20.4% | 0.26% | −0.09 |
| ACN Accenture PLC Class A | Reduce -1.2% | 0.65% | −0.09 |
| RMD Resmed Inc. | Sold out | 0.00% | −0.09 |
| EWA iShares MSCI Australia ETF | Sold out | 0.00% | −0.09 |
| AXP American Express Co. | Reduce -26.4% | 0.16% | −0.08 |
| ORCL Oracle Corp. | Reduce -0.5% | 0.40% | −0.08 |
| FIX Comfort Systems USA Inc. | Reduce -79.8% | 0.01% | −0.08 |
| EBS Emergent Biosolutions Inc. | Reduce -61.3% | 0.02% | −0.07 |
| MODL Victoryshares Westend US Sec | Sold out | 0.00% | −0.07 |
| ATOM Atomera Inc. | Reduce -19.6% | 0.03% | −0.07 |
| DIS The Walt Disney Co. | Reduce -36.1% | 0.09% | −0.07 |
| EQIX Equinix Inc. | Reduce -8.9% | 0.25% | −0.07 |
| DFS Discover Financial Services | Reduce -30.0% | 0.15% | −0.07 |
| CROX Crocs Inc. | Sold out | 0.00% | −0.07 |
| CSCO Cisco Systems Inc. | Reduce -16.3% | 0.44% | −0.06 |
| VOO Vanguard S&P 500 ETF | Reduce -7.8% | 0.41% | −0.06 |
| GVI iShares Intermediate Governm | Reduce -58.9% | 0.04% | −0.05 |
| C Citigroup Inc. | Reduce -40.6% | 0.08% | −0.05 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | Sold out | 0.00% | −0.05 |
| TXN Texas Instruments Inc. | Reduce -14.7% | 0.23% | −0.05 |
| INDA iShares MSCI India ETF | Sold out | 0.00% | −0.05 |
Portfolio Buys Q4 2024 → Q1 2025
| GLD SPDR Gold Shares | Add +9.0% | 2.01% | +0.46 |
| IEFA iShares Core MSCI Eafe ETF | Add +664.7% | 0.41% | +0.36 |
| GDX Vaneck Gold Miners ETF | Add +572.1% | 0.22% | +0.19 |
| SGOV iShares 0-3 Month Treasury B | Add +40.8% | 0.64% | +0.19 |
| VGK Vanguard Ftse Europe ETF | Add +980.1% | 0.20% | +0.18 |
| CVX Chevron Corp. | Add +3.2% | 1.05% | +0.17 |
| FDVV Fidelity High Dividend ETF | New | 0.15% | +0.15 |
| CB Chubb Ltd. | Add +48.1% | 0.40% | +0.15 |
| PM Philip Morris International | Add +2.9% | 0.56% | +0.15 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.6% | 0.93% | +0.14 |
| APH Amphenol Corp. Class A | Add +94.9% | 0.30% | +0.14 |
| IEMG iShares Core MSCI Emerging | Add +107.5% | 0.25% | +0.13 |
| TCAF T Rowe PRC Cap Appreciation | New | 0.13% | +0.13 |
| MA Mastercard Inc. Class A | Add +14.2% | 0.81% | +0.13 |
| APD Air Products & Chemicals Inc. | Add +152.8% | 0.20% | +0.12 |
| FLOT iShares Floating Rate Bond E | Add +40.5% | 0.41% | +0.12 |
| ABT Abbott Laboratories | Add +0.9% | 0.74% | +0.11 |
| ABBV Abbvie Inc. | Add +1.3% | 0.67% | +0.11 |
| IUSV iShares Core S&P U.S. Value | Add +59.7% | 0.29% | +0.11 |
| PDBA Invesco Agriculture Cmdtyk-1 | New | 0.11% | +0.11 |
| QCOM Qualcomm Inc. | Add +150.8% | 0.18% | +0.11 |
| TLT iShares 20+ Year Treasury BD | Add +39.1% | 0.33% | +0.10 |
| EWI iShares MSCI Italy ETF | New | 0.10% | +0.10 |
| EWP iShares MSCI Spain ETF | New | 0.09% | +0.09 |
| TYA Simplify Intermediate Term | New | 0.09% | +0.09 |
| META Meta Platforms Inc. Class A | Add +14.6% | 0.77% | +0.09 |
| DEXC Dimensional Em Ex Cce ETF | New | 0.09% | +0.09 |
| FELG Fidelity Enh LRG Cap GWTH | New | 0.08% | +0.08 |
| FSMD Fidelity Small-Mid Multifact | New | 0.08% | +0.08 |
| VFLO Victoryshares Free Cash Flow | Add +106.9% | 0.15% | +0.08 |
| EWO iShares MSCI Austria ETF | New | 0.08% | +0.08 |
| IVV iShares Core S&P 500 ETF | Add +37.8% | 0.31% | +0.07 |
| VTEI Vanguard Int Tax-Exempt Bond | New | 0.07% | +0.07 |
| CTA Simplify Managed Futures St | New | 0.07% | +0.07 |
| MDLZ Mondelez International Inc. Class A | Add +9.3% | 0.37% | +0.07 |
| PAYX Paychex Inc. | Add +10.9% | 0.40% | +0.07 |
| PLD Prologis Inc. | Add +29.9% | 0.25% | +0.07 |
| PH Parker Hannifin Corp. | Add +24.3% | 0.41% | +0.06 |
| LLY Eli Lilly & Co. | Add +8.8% | 0.46% | +0.06 |
| AWK American Water Works Co. Inc. | New | 0.06% | +0.06 |
| JNJ Johnson & Johnson | Add +1.5% | 0.40% | +0.06 |
| IQLT iShares MSCI International Q | New | 0.06% | +0.06 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +135.7% | 0.12% | +0.06 |
| OKE Oneok Inc. | Add +34.1% | 0.23% | +0.06 |
| QQQ Invesco QQQ Trust Series 1 | Add +18.6% | 0.69% | +0.05 |
| UNH Unitedhealth Group Inc. | Add +4.6% | 0.72% | +0.05 |
| AJG Arthur J Gallagher & Co. | Add +2.5% | 0.27% | +0.05 |
| ELV Elevance Health Inc. | Add +2.1% | 0.31% | +0.05 |
| FLRN SS SPDR BB Ig Float RT ETF | Add +42.7% | 0.17% | +0.05 |
| MCD McDonald's Corp. | Add +1.4% | 0.60% | +0.05 |
Options Activity Q4 2024 → Q1 2025
| IWN iShares Russell 2000 Value E | call | New | 50,600 | $7.6M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2024 → Q1 2025
| RGTIW Rigetti Computing -CW27 | *W EXP 03/02/202 | New | 61,900 | $170K |
| SOUNW Soundhound AI Inc. | *W EXP 04/26/202 | Add +105.3% | 35,100 | $123K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 672 | $1.2B | AAPL, GLD, QQQ, NVDA, VOO |
| Q1 2026 | 633 | $1.1B | AAPL, GLD, LQD, QQQ, AMZN |
| Q4 2025 | 878 | $1.7B | MSFT, NVDA, GLD, GOOGL, AVGO |
| Q3 2025 | 903 | $1.9B | AAPL, MSFT, NVDA, AMZN, GLD |
| Q2 2025 | 859 | $1.6B | MSFT, NVDA, GLD, SPY, AVGO |
| Q1 2025 | 841 | $1.6B | AAPL, MSFT, GLD, AMZN, NVDA |
| Q4 2024 | 836 | $1.6B | AAPL, MSFT, AMZN, NVDA, GLD |
| Q3 2024 | 816 | $1.5B | AAPL, MSFT, GLD, LQD, AMZN |
| Q2 2024 | 597 | $857.9M | AAPL, LQD, MSFT, SPY, GLD |
| Q1 2024 | 619 | $900.1M | AAPL, LQD, MSFT, GLD, HYG |