Hilltop Holdings Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Hilltop Holdings Inc. reported 859 stock positions worth $1.6 billion. Its top holding was Microsoft (MSFT) at 4.1% of the portfolio, followed by Nvidia (NVDA, 2.1%) and SPDR Gold Shares (GLD, 1.8%). Compared with Q1 2025, it opened 98 new positions, sold out of 80, added to 399 and reduced 326. The biggest buy was SS SPDR S&P 500 ETF Trust-US (SPY, shares +22%) and the biggest sale Apple (AAPL, shares −84%).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001265131
- Portfolio Value
- $1.6B (Q2 2025)
- SEC Filing
- 0001104659-25-078755 ↗ filed Aug 14, 2025
Holdings Value
Holdings 859 stocks · $1.6B
| MSFT Microsoft Corp. | 4.10% | 128,748 | $64.0M | Reduce -0.9% |
| NVDA Nvidia Corp. | 2.14% | 210,908 | $33.3M | Reduce -5.4% |
| GLD SPDR Gold Shares | 1.83% | 93,572 | $28.5M | Reduce -15.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.69% | 42,775 | $26.4M | Add +21.9% |
| AVGO Broadcom Inc. | 1.53% | 86,460 | $23.8M | Reduce -5.7% |
| V Visa Inc. Class A | 1.44% | 63,235 | $22.5M | Add +1.8% |
| JPM JPMorgan Chase & Co. | 1.40% | 75,274 | $21.8M | Add +7.6% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 1.33% | 189,556 | $20.8M | Add +1.3% |
| HD Home Depot Inc. | 1.07% | 45,556 | $16.7M | Add +5.2% |
| META Meta Platforms Inc. Class A | 0.99% | 20,957 | $15.5M | Reduce -1.5% |
| GOOGL Alphabet Inc. Class A | 0.96% | 85,383 | $15.0M | Add +5.2% |
| CVX Chevron Corp. | 0.92% | 100,768 | $14.4M | Add +1.1% |
| MA Mastercard Inc. Class A | 0.87% | 24,270 | $13.6M | Add +3.3% |
| IWM iShares Russell 2000 ETF | 0.80% | 57,832 | $12.5M | Add +33.2% |
| MBB iShares MBS ETF | 0.79% | 131,621 | $12.4M | Reduce -8.0% |
| ETN Eaton Corp. PLC | 0.74% | 32,388 | $11.6M | Add +5.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.73% | 20,516 | $11.3M | Reduce -11.7% |
| SGOV iShares 0-3 Month Treasury B | 0.70% | 108,925 | $11.0M | Add +7.7% |
| XLF SS Financial Select Sector | 0.69% | 205,716 | $10.8M | Add +7.9% |
| PM Philip Morris International | 0.69% | 59,101 | $10.8M | Add +5.2% |
| ORCL Oracle Corp. | 0.68% | 48,390 | $10.6M | Add +7.0% |
| GOOG Alphabet Inc. Class C | 0.65% | 56,954 | $10.1M | Add +2.9% |
| ABBV Abbvie Inc. | 0.64% | 53,706 | $10.0M | Add +5.7% |
| ACN Accenture PLC Class A | 0.64% | 33,252 | $9.9M | Add +1.1% |
| UNP Union Pacific Corp. | 0.63% | 42,431 | $9.8M | Add +0.5% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.60% | 116,073 | $9.4M | Add +10.9% |
| AAPL Apple Inc. | 0.59% | 44,906 | $9.2M | Reduce -84.2% |
| XOM Exxon Mobil Corp. | 0.58% | 83,675 | $9.0M | Add +1.3% |
| WMT Walmart Inc. | 0.57% | 90,324 | $8.8M | Add +10.4% |
| CSCO Cisco Systems Inc. | 0.55% | 123,920 | $8.6M | Add +9.7% |
| MCD McDonald's Corp. | 0.54% | 28,716 | $8.4M | Reduce -5.3% |
| LIN Linde PLC | 0.53% | 17,597 | $8.3M | Add +3.2% |
| MS Morgan Stanley | 0.52% | 57,602 | $8.1M | Add +13.4% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.50% | 17,882 | $7.8M | Reduce -45.3% |
| BND Vanguard Total Bond Market | 0.50% | 105,826 | $7.8M | Reduce -0.5% |
| XLK SS Technology Select Sector | 0.50% | 30,619 | $7.8M | Reduce -13.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.49% | 62,165 | $7.7M | Add +78.2% |
| NEE Nextera Energy Inc. | 0.49% | 109,917 | $7.6M | Reduce -2.1% |
| HON Honeywell International Inc. | 0.49% | 32,500 | $7.6M | Reduce -0.8% |
| PH Parker Hannifin Corp. | 0.48% | 10,624 | $7.4M | Add +0.3% |
| NFLX Netflix Inc. | 0.47% | 5,481 | $7.3M | Reduce -1.3% |
| COST Costco Wholesale Corp. | 0.46% | 7,316 | $7.2M | Add +18.6% |
| SPGI S&P Global Inc. | 0.46% | 13,534 | $7.1M | Reduce -2.9% |
| FLOT iShares Floating Rate Bond E | 0.45% | 138,375 | $7.1M | Add +8.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.44% | 23,387 | $6.9M | Reduce -1.9% |
| GOVT iShares US Treasury Bond ETF | 0.43% | 295,115 | $6.8M | Reduce -22.3% |
| PG The Procter & Gamble Co. | 0.43% | 42,508 | $6.8M | Add +8.3% |
| UNH Unitedhealth Group Inc. | 0.43% | 21,403 | $6.7M | Reduce -1.1% |
| PDBC Invesco Optimum Yield Divers | 0.43% | 510,996 | $6.7M | Add +786.2% |
| LLY Eli Lilly & Co. | 0.42% | 8,326 | $6.5M | Reduce -4.9% |
| JNJ Johnson & Johnson | 0.40% | 40,891 | $6.2M | Add +5.9% |
| XLY SS Consumer Disc Select Sect | 0.40% | 28,535 | $6.2M | Add +0.1% |
| JPST JPMorgan Ultra-Short Income | 0.40% | 121,927 | $6.2M | Reduce -31.2% |
| BNDX Vanguard Total Intl Bond ETF | 0.39% | 123,162 | $6.1M | Reduce -4.1% |
| PAYX Paychex Inc. | 0.39% | 41,878 | $6.1M | Add +2.0% |
| MDLZ Mondelez International Inc. Class A | 0.38% | 87,985 | $5.9M | Add +0.8% |
| T AT&T Inc. | 0.37% | 201,294 | $5.8M | Add +25.1% |
| VZ Verizon Communications Inc. | 0.37% | 134,363 | $5.8M | Reduce -3.1% |
| JNK SS SPDR BB High Yield Bond | 0.37% | 59,422 | $5.8M | Add +113.4% |
| BIZD Vaneck BDC Income ETF | 0.36% | 342,178 | $5.6M | Add +4.5% |
| ZTS Zoetis Inc. | 0.35% | 35,390 | $5.5M | Reduce -2.5% |
| XLE SS Energy Select Sector | 0.35% | 64,779 | $5.5M | Add +57.0% |
| IWF iShares Russell 1000 Growth | 0.35% | 12,928 | $5.5M | Add +6.7% |
| CB Chubb Ltd. | 0.35% | 18,931 | $5.5M | Reduce -8.9% |
| IVV iShares Core S&P 500 ETF | 0.35% | 8,688 | $5.4M | Reduce -1.4% |
| CWB SS SPDR BB Conv Sec ETF | 0.34% | 64,629 | $5.3M | Reduce -2.3% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.34% | 12,093 | $5.3M | Add +5.3% |
| EPD Enterprise Products Partners | 0.34% | 171,187 | $5.3M | Reduce -1.3% |
| LMT Lockheed Martin Corp. | 0.34% | 11,409 | $5.3M | Add +25.6% |
| EFA iShares MSCI Eafe ETF | 0.34% | 58,994 | $5.3M | Reduce -12.4% |
| RJF Raymond James Financial Inc. | 0.33% | 33,823 | $5.2M | Reduce -0.7% |
| ET Energy Transfer LP | 0.33% | 283,092 | $5.1M | Reduce -0.3% |
| CAFX Congress Intermediate Bond filed as PROFESIONALLY MANAGED PORTFO | 0.32% | 203,189 | $5.1M | Add +7.4% |
| BLK BlackRock Inc. | 0.32% | 4,827 | $5.1M | Add +0.3% |
| KO The Coca-Cola Co. | 0.32% | 71,277 | $5.0M | Reduce -3.3% |
| SPSB SS SPDR P St C Corp. ETF | 0.32% | 166,344 | $5.0M | Reduce -12.6% |
| VGT Vanguard Info Tech ETF | 0.32% | 7,546 | $5.0M | Add +40.9% |
| IJH iShares Core S&P Midcap ETF | 0.32% | 80,296 | $5.0M | Add +3.8% |
| SPUC Simplify US Equity Income Et | 0.32% | 110,460 | $4.9M | Add +203.4% |
| VGK Vanguard Ftse Europe ETF | 0.31% | 62,041 | $4.8M | Add +40.2% |
| INTU Intuit Inc. | 0.30% | 5,982 | $4.7M | Reduce -1.4% |
| CMS CMS Energy Corp. | 0.30% | 67,268 | $4.7M | Reduce -0.7% |
| TLT iShares 20+ Year Treasury BD | 0.30% | 52,264 | $4.6M | Reduce -8.7% |
| A Agilent Technologies Inc. | 0.29% | 38,990 | $4.6M | Add +1.1% |
| MRK Merck & Co. Inc. | 0.29% | 58,085 | $4.6M | Reduce -21.9% |
| XLC SS Comm Select Sector SPDR | 0.29% | 41,622 | $4.5M | Add +15.7% |
| IYE iShares U.S. Energy ETF | 0.28% | 97,453 | $4.4M | Add +15.1% |
| TXN Texas Instruments Inc. | 0.28% | 21,029 | $4.4M | Add +4.4% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.28% | 47,471 | $4.4M | Reduce -24.3% |
| AMP Ameriprise Financial Inc. | 0.28% | 8,155 | $4.4M | Add +2.8% |
| MCHP Microchip Technology Inc. | 0.28% | 61,615 | $4.3M | Reduce -0.2% |
| AMZN Amazon.com Inc. | 0.27% | 19,390 | $4.3M | Reduce -85.1% |
| VTI VG Morningstar TS MKT ETF-US | 0.27% | 13,953 | $4.2M | Add +0.7% |
| XLV SS Health Care Select Sector | 0.27% | 30,753 | $4.1M | Reduce -7.4% |
| CL Colgate-Palmolive Co. | 0.26% | 45,407 | $4.1M | Reduce -0.9% |
| ISRG Intuitive Surgical Inc. | 0.26% | 7,536 | $4.1M | Add +1.7% |
| IJR iShares Core S&P Small-Cap E | 0.26% | 37,257 | $4.1M | Add +4.9% |
| PFF iShares Preferred & Income S | 0.26% | 131,908 | $4.0M | Add +14.8% |
| PLD Prologis Inc. | 0.25% | 36,570 | $3.8M | Add +2.9% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.25% | 11,987 | $3.8M | Reduce -3.3% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $404K (not counted above)
Total filed on the 13F, all lines: $1.6B.
Portfolio Sells Q1 2025 → Q2 2025
| AAPL Apple Inc. | Reduce -84.2% | 0.59% | −3.39 |
| AMZN Amazon.com Inc. | Reduce -85.1% | 0.27% | −1.29 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -85.8% | 0.12% | −0.81 |
| ABT Abbott Laboratories | Reduce -96.2% | 0.03% | −0.71 |
| AMGN Amgen Inc. | Reduce -87.7% | 0.06% | −0.51 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -87.1% | 0.06% | −0.35 |
| ADP Automatic Data Processing | Sold out | 0.00% | −0.33 |
| ELV Elevance Health Inc. | Sold out | 0.00% | −0.31 |
| UNH Unitedhealth Group Inc. | Reduce -1.1% | 0.43% | −0.29 |
| IUSV iShares Core S&P U.S. Value | Reduce -94.4% | 0.02% | −0.27 |
| APH Amphenol Corp. Class A | Reduce -92.6% | 0.03% | −0.27 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -45.3% | 0.50% | −0.26 |
| VOO Vanguard S&P 500 ETF | Reduce -63.1% | 0.17% | −0.24 |
| TGT Target Corp. | Reduce -93.1% | 0.02% | −0.23 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | Sold out | 0.00% | −0.19 |
| GLD SPDR Gold Shares | Reduce -15.3% | 1.83% | −0.18 |
| MTUM iShares MSCI USA Momentum Fa | Reduce -58.8% | 0.17% | −0.17 |
| JPST JPMorgan Ultra-Short Income | Reduce -31.2% | 0.40% | −0.17 |
| IEMG iShares Core MSCI Emerging | Reduce -71.2% | 0.08% | −0.17 |
| WRB WR Berkley Corp. | Sold out | 0.00% | −0.17 |
| APD Air Products & Chemicals Inc. | Reduce -79.7% | 0.04% | −0.16 |
| RTX RTX Corp. | Reduce -72.3% | 0.07% | −0.16 |
| IWR iShares Russell Mid-Cap ETF | Reduce -89.2% | 0.02% | −0.16 |
| DFS Discover Financial Services | Sold out | 0.00% | −0.15 |
| IWB iShares Russell 1000 ETF | Reduce -67.3% | 0.09% | −0.15 |
| IWP iShares Russell Mid-Cap Grow | Reduce -92.6% | 0.01% | −0.14 |
| TFLO iShares Treasury Floating Ra | Sold out | 0.00% | −0.14 |
| VRSN Verisign Inc. | Sold out | 0.00% | −0.14 |
| IJT iShares S&P Small-Cap 600 GR | Sold out | 0.00% | −0.14 |
| SPHB Invesco S&P 500 High Beta Et | Reduce -56.2% | 0.16% | −0.13 |
| AVEM Avantis Emerging Markets Eq | Sold out | 0.00% | −0.13 |
| MRK Merck & Co. Inc. | Reduce -21.9% | 0.29% | −0.13 |
| GDX Vaneck Gold Miners ETF | Reduce -60.4% | 0.10% | −0.12 |
| TRV The Travelers Cos Inc. | Reduce -79.7% | 0.03% | −0.12 |
| GOVT iShares US Treasury Bond ETF | Reduce -22.3% | 0.43% | −0.12 |
| EWI iShares MSCI Italy ETF | Sold out | 0.00% | −0.10 |
| EWP iShares MSCI Spain ETF | Sold out | 0.00% | −0.09 |
| AZO AutoZone Inc. | Reduce -78.7% | 0.02% | −0.09 |
| AMD Advanced Micro Devices | Reduce -78.0% | 0.04% | −0.09 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -24.3% | 0.28% | −0.08 |
| EWO iShares MSCI Austria ETF | Sold out | 0.00% | −0.08 |
| EWG iShares MSCI Germany ETF | Reduce -78.8% | 0.02% | −0.07 |
| AGGM iShares 1-10 Year U.S. Aggre | Sold out | 0.00% | −0.07 |
| AXP American Express Co. | Reduce -53.4% | 0.09% | −0.07 |
| BAC Bank of America Corp. | Reduce -55.9% | 0.07% | −0.07 |
| BA The Boeing Co. | Sold out | 0.00% | −0.07 |
| ANET Arista Networks Inc. | Sold out | 0.00% | −0.07 |
| IEF iShares 7-10 Year Treasury B | Reduce -76.8% | 0.02% | −0.07 |
| OZ Belpointe Prep LLC Class A | Sold out | 0.00% | −0.06 |
| AFL Aflac Inc. | Sold out | 0.00% | −0.06 |
Portfolio Buys Q1 2025 → Q2 2025
| SPY SS SPDR S&P 500 ETF Trust-US | Add +21.9% | 1.69% | +0.46 |
| PDBC Invesco Optimum Yield Divers | Add +786.2% | 0.43% | +0.38 |
| JPM JPMorgan Chase & Co. | Add +7.6% | 1.40% | +0.32 |
| ORCL Oracle Corp. | Add +7.0% | 0.68% | +0.28 |
| IWM iShares Russell 2000 ETF | Add +33.2% | 0.80% | +0.25 |
| SPUC Simplify US Equity Income Et | Add +203.4% | 0.32% | +0.23 |
| TJX TJX Companies Inc. | Add +78.2% | 0.49% | +0.22 |
| ETN Eaton Corp. PLC | Add +5.0% | 0.74% | +0.21 |
| COF Capital One Financial Corp. | New | 0.21% | +0.21 |
| JNK SS SPDR BB High Yield Bond | Add +113.4% | 0.37% | +0.20 |
| INFL Horizon Kinetics Infl Benef | New | 0.19% | +0.19 |
| GOOGL Alphabet Inc. Class A | Add +5.2% | 0.96% | +0.17 |
| PLTR Palantir Technologies Inc. Class A | Add +90.7% | 0.25% | +0.17 |
| MS Morgan Stanley | Add +13.4% | 0.52% | +0.15 |
| MSI Motorola Solutions Inc. | Add +179.6% | 0.23% | +0.14 |
| VGT Vanguard Info Tech ETF | Add +40.9% | 0.32% | +0.14 |
| BRO Brown & Brown Inc. | Add +935.1% | 0.15% | +0.13 |
| PM Philip Morris International | Add +5.2% | 0.69% | +0.13 |
| EPP iShares MSCI Pacific Ex Japa | New | 0.13% | +0.13 |
| XME SS SPDR S&P Metals Mining | New | 0.12% | +0.12 |
| EWN iShares MSCI Netherlands ETF | New | 0.12% | +0.12 |
| DEXC Dimensional Em Ex Cce ETF | Add +108.2% | 0.21% | +0.12 |
| COWZ Pacer US Cash Cows 100 ETF | Add +304.2% | 0.16% | +0.12 |
| WMT Walmart Inc. | Add +10.4% | 0.57% | +0.11 |
| VGK Vanguard Ftse Europe ETF | Add +40.2% | 0.31% | +0.11 |
| CSCO Cisco Systems Inc. | Add +9.7% | 0.55% | +0.11 |
| XLE SS Energy Select Sector | Add +57.0% | 0.35% | +0.11 |
| EWJ iShares MSCI Japan ETF | New | 0.11% | +0.11 |
| XLI SS Industrial Select Sector | Add +81.7% | 0.20% | +0.10 |
| SMH Vaneck Semiconductor ETF | New | 0.10% | +0.10 |
| GOOG Alphabet Inc. Class C | Add +2.9% | 0.65% | +0.10 |
| EWA iShares MSCI Australia ETF | New | 0.10% | +0.10 |
| COST Costco Wholesale Corp. | Add +18.6% | 0.46% | +0.10 |
| GE General Electric | Add +128.5% | 0.14% | +0.09 |
| XLF SS Financial Select Sector | Add +7.9% | 0.69% | +0.09 |
| T AT&T Inc. | Add +25.1% | 0.37% | +0.09 |
| LHX L3HARRIS Technologies Inc. | Add +284.1% | 0.11% | +0.08 |
| LMT Lockheed Martin Corp. | Add +25.6% | 0.34% | +0.08 |
| VONG Vanguard Russell 1000 Growth | New | 0.08% | +0.08 |
| FIX Comfort Systems USA Inc. | Add +295.3% | 0.09% | +0.08 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +10.9% | 0.60% | +0.08 |
| SPOT Spotify Technology SA | Add +20.3% | 0.19% | +0.08 |
| GEV GE Vernova Inc. | New | 0.08% | +0.08 |
| EMB iShares JP Morgan Usd Emergi | Add +70.7% | 0.18% | +0.08 |
| LRCX Lam Research Corp. | Add +39.6% | 0.16% | +0.08 |
| IWF iShares Russell 1000 Growth | Add +6.7% | 0.35% | +0.08 |
| DGRO iShares Core Dividend Growth | Add +87.2% | 0.15% | +0.07 |
| XLC SS Comm Select Sector SPDR | Add +15.7% | 0.29% | +0.07 |
| PH Parker Hannifin Corp. | Add +0.3% | 0.48% | +0.07 |
| HD Home Depot Inc. | Add +5.2% | 1.07% | +0.07 |
Options Activity Q1 2025 → Q2 2025
| IWN iShares Russell 2000 Value E | call | Sold out | 50,600 | $7.6Mbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2025 → Q2 2025
| RGTIW Rigetti Computing -CW27 | *W EXP 03/02/202 | Reduce -5.0% | 58,800 | $246K |
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 |