Hilltop National Bank
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 8, 2025), Hilltop National Bank reported 793 stock positions worth $406.1 million. Its top holding was Microsoft (MSFT) at 5.9% of the portfolio, followed by iShares MSCI Eafe ETF (EFA, 3.7%) and Vanguard S&P 500 ETF (VOO, 3.7%). Compared with Q2 2025, it opened 21 new positions, sold out of 22, added to 111 and reduced 145. The biggest buy was Apple (AAPL, shares +1%) and the biggest sale GE Healthcare Technology (GEHC, shares −99%).
- Most Recent 13F
- Q2 2026
- Location
- CASPER, WY
- CIK
- 0002021658
- Portfolio Value
- $406.1M (Q3 2025)
- SEC Filing
- 0002021658-25-000004 ↗ filed Oct 8, 2025
Holdings Value
Holdings 793 stocks · $406.1M
| MSFT Microsoft Corp. | 5.88% | 46,096 | $23.9M | Add +0.1% |
| EFA iShares MSCI Eafe ETF | 3.70% | 161,112 | $15.0M | Add +0.7% |
| VOO Vanguard S&P 500 ETF | 3.67% | 24,335 | $14.9M | No change |
| NVDA Nvidia Corp. | 3.18% | 69,309 | $12.9M | Reduce -3.7% |
| AAPL Apple Inc. | 2.65% | 42,302 | $10.8M | Add +1.3% |
| INFL Horizon Kinetics Infl Benef | 2.31% | 209,978 | $9.4M | Add +11.4% |
| IVV iShares Core S&P 500 ETF | 2.28% | 13,819 | $9.2M | Reduce -0.1% |
| RSP Invesco S&P 500 Equal Weight | 1.65% | 35,374 | $6.7M | No change |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 1.65% | 38,292 | $6.7M | Reduce -0.6% |
| VWO Vanguard Ftse Emerging Marke | 1.52% | 114,070 | $6.2M | Reduce -2.0% |
| IWP iShares Russell Mid-Cap Grow | 1.51% | 43,128 | $6.1M | Add +0.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.47% | 11,858 | $6.0M | Add +1.1% |
| IAU iShares Gold Trust | 1.32% | 73,690 | $5.4M | Reduce -3.0% |
| IJH iShares Core S&P Midcap ETF | 1.32% | 82,144 | $5.4M | Add +1.6% |
| AVGO Broadcom Inc. | 1.16% | 14,307 | $4.7M | Reduce -5.3% |
| ANET Arista Networks Inc. | 1.15% | 32,011 | $4.7M | Reduce -1.3% |
| NFLX Netflix Inc. | 1.14% | 3,874 | $4.6M | Reduce -2.6% |
| TSM Taiwan Semiconductor-SP ADR | 1.11% | 16,167 | $4.5M | Reduce -1.6% |
| LLY Eli Lilly & Co. | 1.01% | 5,380 | $4.1M | Reduce -5.8% |
| XOM Exxon Mobil Corp. | 0.98% | 35,375 | $4.0M | Add +2.3% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.96% | 18,768 | $3.9M | Add +4.6% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.93% | 5 | $3.8M | No change |
| IVW iShares S&P 500 Growth ETF | 0.90% | 30,161 | $3.6M | Reduce -1.4% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.86% | 11,690 | $3.5M | Add +4.2% |
| QQQ Invesco QQQ Trust Series 1 | 0.86% | 5,784 | $3.5M | No change |
| COST Costco Wholesale Corp. | 0.85% | 3,747 | $3.5M | Reduce -0.3% |
| META Meta Platforms Inc. Class A | 0.81% | 4,504 | $3.3M | Add +2.0% |
| JPM JPMorgan Chase & Co. | 0.80% | 10,345 | $3.3M | Reduce -0.7% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.73% | 15,939 | $3.0M | Reduce -0.1% |
| WMT Walmart Inc. | 0.71% | 27,999 | $2.9M | Add +1.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.70% | 4,283 | $2.9M | Reduce -0.4% |
| PWR Quanta Services Inc. | 0.70% | 6,854 | $2.8M | Reduce -0.6% |
| SO The Southern Co. | 0.68% | 28,987 | $2.7M | Add +0.5% |
| TT Trane Technologies PLC | 0.66% | 6,351 | $2.7M | Reduce -1.0% |
| ORCL Oracle Corp. | 0.65% | 9,346 | $2.6M | Add +4.1% |
| AXP American Express Co. | 0.65% | 7,906 | $2.6M | Add +0.3% |
| AMP Ameriprise Financial Inc. | 0.64% | 5,262 | $2.6M | Reduce -0.8% |
| PG The Procter & Gamble Co. | 0.61% | 16,208 | $2.5M | Add +0.8% |
| BX Blackstone Inc. | 0.60% | 14,256 | $2.4M | Reduce -0.3% |
| KLAC KLA Corp. | 0.60% | 2,255 | $2.4M | Reduce -8.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.59% | 8,556 | $2.4M | Reduce -1.4% |
| PEP Pepsico Inc. | 0.58% | 16,897 | $2.4M | Reduce -0.7% |
| EEMV iShares MSCI Emg MKT Min Vol | 0.55% | 35,024 | $2.2M | Add +1.0% |
| TMUS T-Mobile US Inc. | 0.55% | 9,254 | $2.2M | Reduce -0.3% |
| STX Seagate Technology Holdings | 0.54% | 9,277 | $2.2M | Reduce -8.9% |
| JNJ Johnson & Johnson | 0.53% | 11,582 | $2.1M | Reduce -2.6% |
| MDT Medtronic PLC | 0.52% | 22,271 | $2.1M | Reduce -1.8% |
| IJR iShares Core S&P Small-Cap E | 0.52% | 17,786 | $2.1M | Reduce -3.6% |
| AMZN Amazon.com Inc. | 0.49% | 9,079 | $2.0M | Reduce -5.9% |
| MA Mastercard Inc. Class A | 0.49% | 3,473 | $2.0M | Add +5.3% |
| AMGN Amgen Inc. | 0.48% | 6,956 | $2.0M | Reduce -1.1% |
| COP Conocophillips | 0.47% | 20,030 | $1.9M | Add +3.9% |
| ABT Abbott Laboratories | 0.46% | 13,939 | $1.9M | Reduce -5.4% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.46% | 6,305 | $1.9M | Reduce -3.4% |
| CMG Chipotle Mexican Grill Inc. | 0.44% | 45,368 | $1.8M | Reduce -1.2% |
| GLW Corning Inc. | 0.44% | 21,550 | $1.8M | Reduce -2.4% |
| MRVL Marvell Technology Inc. | 0.43% | 20,705 | $1.7M | Add +3239.5% |
| GOOGL Alphabet Inc. Class A | 0.40% | 6,744 | $1.6M | Add +16.0% |
| SHEL Shell PLC-ADR | 0.40% | 22,767 | $1.6M | Reduce -0.8% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.40% | 5,531 | $1.6M | Add +0.7% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.40% | 3,378 | $1.6M | Reduce -6.0% |
| UNH Unitedhealth Group Inc. | 0.40% | 4,651 | $1.6M | Add +2.2% |
| DE Deere & Co. | 0.38% | 3,417 | $1.6M | Reduce -4.8% |
| QCOM Qualcomm Inc. | 0.38% | 9,301 | $1.5M | Reduce -5.0% |
| KIM Kimco Realty Corp. | 0.37% | 68,367 | $1.5M | Add +3.5% |
| DD Dupont DE Nemours Inc. | 0.36% | 18,878 | $1.5M | Add +2.3% |
| PSX Phillips 66 | 0.36% | 10,751 | $1.5M | Add +8.6% |
| DGX Quest Diagnostics Inc. | 0.36% | 7,672 | $1.5M | Reduce -0.9% |
| ONEQ Fidelity Nasdaq Comp Indx | 0.36% | 16,360 | $1.5M | Reduce -1.1% |
| XLK SS Technology Select Sector | 0.35% | 5,077 | $1.4M | No change |
| DKS Dick's Sporting Goods Inc. | 0.35% | 6,397 | $1.4M | Add +0.5% |
| CAT Caterpillar Inc. | 0.35% | 2,973 | $1.4M | Reduce -5.3% |
| LOW Lowe's Cos Inc. | 0.35% | 5,644 | $1.4M | Reduce -4.7% |
| GLD SPDR Gold Shares | 0.35% | 3,968 | $1.4M | No change |
| WFC Wells Fargo & Co. | 0.35% | 16,795 | $1.4M | No change |
| TXN Texas Instruments Inc. | 0.35% | 7,657 | $1.4M | Reduce -1.1% |
| BLK BlackRock Inc. | 0.35% | 1,205 | $1.4M | Reduce -4.6% |
| V Visa Inc. Class A | 0.34% | 4,007 | $1.4M | Reduce -3.6% |
| CSX CSX Corp. | 0.33% | 37,451 | $1.3M | Add +0.4% |
| IVE iShares S&P 500 Value ETF | 0.33% | 6,438 | $1.3M | Reduce -2.8% |
| IWB iShares Russell 1000 ETF | 0.32% | 3,568 | $1.3M | No change |
| FIS Fidelity National Info Serv | 0.32% | 19,734 | $1.3M | Reduce -0.6% |
| HON Honeywell International Inc. | 0.32% | 6,149 | $1.3M | No change |
| J Jacobs Solutions Inc. | 0.31% | 8,490 | $1.3M | Reduce -0.5% |
| MCK McKesson Corp. | 0.31% | 1,625 | $1.3M | Reduce -3.5% |
| CSCO Cisco Systems Inc. | 0.31% | 18,337 | $1.3M | Reduce -2.9% |
| COF Capital One Financial Corp. | 0.31% | 5,847 | $1.2M | Reduce -4.9% |
| SCHD Schwab US DVD Equity ETF | 0.30% | 45,150 | $1.2M | No change |
| SLF Sun Life Financial Inc. | 0.30% | 20,239 | $1.2M | No change |
| PANW Palo Alto Networks Inc. | 0.29% | 5,873 | $1.2M | Reduce -0.3% |
| XLG Invesco S&P 500 Top 50 ETF | 0.29% | 20,650 | $1.2M | No change |
| LMT Lockheed Martin Corp. | 0.29% | 2,356 | $1.2M | Reduce -5.8% |
| KR Kroger Co. | 0.29% | 17,232 | $1.2M | Add +0.3% |
| PRU Prudential Financial Inc. | 0.29% | 11,162 | $1.2M | No change |
| ABBV Abbvie Inc. | 0.28% | 4,940 | $1.1M | Reduce -2.6% |
| TOL Toll Brothers Inc. | 0.28% | 8,168 | $1.1M | Reduce -0.0% |
| PEG Public Service Enterprise GP | 0.27% | 13,374 | $1.1M | Reduce -4.5% |
| HD Home Depot Inc. | 0.27% | 2,661 | $1.1M | Add +4.2% |
| NEM Newmont Corp. | 0.26% | 12,738 | $1.1M | Reduce -49.6% |
| CVX Chevron Corp. | 0.26% | 6,900 | $1.1M | Add +14.6% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $719 (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | 194 | $719 | No change |
Total filed on the 13F, all lines: $406.1M.
Portfolio Sells Q2 2025 → Q3 2025
| GEHC GE Healthcare Technology | Reduce -98.8% | 0.00% | −0.37 |
| NFLX Netflix Inc. | Reduce -2.6% | 1.14% | −0.25 |
| CMG Chipotle Mexican Grill Inc. | Reduce -1.2% | 0.44% | −0.23 |
| LULU Lululemon Athletica Inc. | Reduce -98.9% | 0.00% | −0.23 |
| LLY Eli Lilly & Co. | Reduce -5.8% | 1.01% | −0.15 |
| NEM Newmont Corp. | Reduce -49.6% | 0.26% | −0.12 |
| COST Costco Wholesale Corp. | Reduce -0.3% | 0.85% | −0.12 |
| AMP Ameriprise Financial Inc. | Reduce -0.8% | 0.64% | −0.10 |
| FIS Fidelity National Info Serv | Reduce -0.6% | 0.32% | −0.10 |
| DE Deere & Co. | Reduce -4.8% | 0.38% | −0.09 |
| UTHR United Therapeutics Corp. | Sold out | 0.00% | −0.09 |
| TXN Texas Instruments Inc. | Reduce -1.1% | 0.35% | −0.07 |
| IBM Intl Business Machines Corp. | Reduce -1.4% | 0.59% | −0.07 |
| TT Trane Technologies PLC | Reduce -1.0% | 0.66% | −0.07 |
| PAYX Paychex Inc. | Reduce -5.0% | 0.25% | −0.07 |
| ABT Abbott Laboratories | Reduce -5.4% | 0.46% | −0.06 |
| AMZN Amazon.com Inc. | Reduce -5.9% | 0.49% | −0.06 |
| CRM Salesforce Inc. | Reduce -12.4% | 0.15% | −0.06 |
| AXON Axon Enterprise Inc. | Reduce -55.4% | 0.03% | −0.06 |
| ISRG Intuitive Surgical Inc. | Reduce -89.5% | 0.00% | −0.05 |
| BDX Becton Dickinson and Co. | Reduce -80.8% | 0.01% | −0.05 |
| RCL Royal Caribbean Cruises Ltd. | Sold out | 0.00% | −0.05 |
| V Visa Inc. Class A | Reduce -3.6% | 0.34% | −0.05 |
| SLB SLB Ltd. | Reduce -53.7% | 0.04% | −0.05 |
| XLF SS Financial Select Sector | Reduce -19.3% | 0.16% | −0.04 |
| TGT Target Corp. | Reduce -19.9% | 0.09% | −0.04 |
| PM Philip Morris International | Reduce -11.0% | 0.11% | −0.04 |
| NOW ServiceNow Inc. | Reduce -7.4% | 0.13% | −0.04 |
| COF Capital One Financial Corp. | Reduce -4.9% | 0.31% | −0.04 |
| CSCO Cisco Systems Inc. | Reduce -2.9% | 0.31% | −0.03 |
| PEG Public Service Enterprise GP | Reduce -4.5% | 0.27% | −0.03 |
| TMUS T-Mobile US Inc. | Reduce -0.3% | 0.55% | −0.03 |
| BKNG Booking Holdings Inc. | Reduce -2.1% | 0.18% | −0.03 |
| AMGN Amgen Inc. | Reduce -1.1% | 0.48% | −0.03 |
| DEO Diageo PLC-Sponsored ADR | Reduce -84.3% | 0.00% | −0.03 |
| QCOM Qualcomm Inc. | Reduce -5.0% | 0.38% | −0.03 |
| KO The Coca-Cola Co. | Reduce -10.0% | 0.09% | −0.02 |
| SNY Sanofi-ADR | Reduce -5.4% | 0.15% | −0.02 |
| KMX Carmax Inc. | Reduce -19.3% | 0.02% | −0.02 |
| SPOT Spotify Technology SA | Sold out | 0.00% | −0.02 |
| IWS iShares Russell Mid-Cap Valu | Reduce -80.6% | 0.01% | −0.02 |
| SHEL Shell PLC-ADR | Reduce -0.8% | 0.40% | −0.02 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -3.4% | 0.46% | −0.02 |
| PANW Palo Alto Networks Inc. | Reduce -0.3% | 0.29% | −0.02 |
| UL Unilever PLC | Reduce -5.9% | 0.12% | −0.02 |
| T AT&T Inc. | Reduce -4.7% | 0.14% | −0.02 |
| NDAQ Nasdaq Inc. | Reduce -64.1% | 0.01% | −0.02 |
| SYK Stryker Corp. | Reduce -0.7% | 0.13% | −0.02 |
| JHX James Hardie Ord | Sold out | 0.00% | −0.02 |
| EW Edwards Lifesciences Corp. | Reduce -3.1% | 0.16% | −0.02 |
Portfolio Buys Q2 2025 → Q3 2025
| AAPL Apple Inc. | Add +1.3% | 2.65% | +0.42 |
| MRVL Marvell Technology Inc. | Add +3239.5% | 0.43% | +0.42 |
| INFL Horizon Kinetics Infl Benef | Add +11.4% | 2.31% | +0.24 |
| ORLY O'reilly Automotive Inc. | New | 0.15% | +0.15 |
| GOOGL Alphabet Inc. Class A | Add +16.0% | 0.40% | +0.14 |
| ORCL Oracle Corp. | Add +4.1% | 0.65% | +0.14 |
| MU Micron Technology Inc. | Add +996.4% | 0.14% | +0.13 |
| HPE Hewlett Packard Enterprise | Add +579.1% | 0.07% | +0.06 |
| PSX Phillips 66 | Add +8.6% | 0.36% | +0.05 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +4.6% | 0.96% | +0.05 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Add +4.2% | 0.86% | +0.05 |
| RDDT Reddit Inc. Class A | New | 0.04% | +0.04 |
| HOOD Robinhood Markets Inc. Class A | Add +91.9% | 0.06% | +0.04 |
| TMO Thermo Fisher Scientific Inc. | Add +28.4% | 0.13% | +0.04 |
| CVX Chevron Corp. | Add +14.6% | 0.26% | +0.04 |
| PLTR Palantir Technologies Inc. Class A | Add +41.7% | 0.08% | +0.04 |
| DD Dupont DE Nemours Inc. | Add +2.3% | 0.36% | +0.03 |
| GEV GE Vernova Inc. | Add +59.9% | 0.07% | +0.03 |
| GE General Electric | Add +24.9% | 0.11% | +0.03 |
| UBER Uber Technologies Inc. | Add +118.2% | 0.05% | +0.03 |
| DASH DoorDash Inc. Class A | Add +79.8% | 0.06% | +0.03 |
| TSLA Tesla Inc. | Add +2.5% | 0.10% | +0.03 |
| NKE Nike Inc. Class B | Add +697.2% | 0.03% | +0.03 |
| UNH Unitedhealth Group Inc. | Add +2.2% | 0.40% | +0.03 |
| CL Colgate-Palmolive Co. | Add +62.4% | 0.09% | +0.02 |
| DKS Dick's Sporting Goods Inc. | Add +0.5% | 0.35% | +0.02 |
| INTC Intel Corp. | Add +6.8% | 0.06% | +0.02 |
| HD Home Depot Inc. | Add +4.2% | 0.27% | +0.02 |
| MRCY Mercury Systems Inc. | Add +27.2% | 0.05% | +0.02 |
| RBLX Roblox Corp. Class A | New | 0.02% | +0.02 |
| ZTS Zoetis Inc. | Add +23.8% | 0.22% | +0.02 |
| BA The Boeing Co. | Add +119.3% | 0.03% | +0.02 |
| FDX FedEx Corp. | Add +20.1% | 0.11% | +0.02 |
| COP Conocophillips | Add +3.9% | 0.47% | +0.02 |
| RRX Regal Rexnord Corp. | Add +49.4% | 0.05% | +0.01 |
| INSM Insmed Inc. | Add +122.2% | 0.02% | +0.01 |
| SHOP Shopify Inc. Class A | Add +21.3% | 0.04% | +0.01 |
| APP AppLovin Corp. Class A | Add +56.8% | 0.02% | +0.01 |
| WST West Pharmaceutical Services | Add +61.4% | 0.03% | +0.01 |
| TRV The Travelers Cos Inc. | Add +48.5% | 0.04% | +0.01 |
| IJH iShares Core S&P Midcap ETF | Add +1.6% | 1.32% | +0.01 |
| UBS UBS Group AG-Reg | Add +21.1% | 0.04% | +0.01 |
| SOFI Sofi Technologies Inc. | Add +888.0% | 0.01% | +0.01 |
| BKH Black Hills Corp. | Add +83.2% | 0.03% | +0.01 |
| WM Waste Management Inc. | Add +24.6% | 0.09% | +0.01 |
| PCOR Procore Technologies Inc. | Add +65.6% | 0.03% | +0.01 |
| ALNY Alnylam Pharmaceuticals Inc. | New | 0.01% | +0.01 |
| CVNA Carvana Co. | Add +141.3% | 0.02% | +0.01 |
| XOM Exxon Mobil Corp. | Add +2.3% | 0.98% | +0.01 |
| AON Aon PLC Class A | Add +23.7% | 0.07% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 805 | $468.4M | MSFT, EFA, VOO, INFL, NVDA |
| Q1 2026 | 795 | $420.5M | MSFT, EFA, INFL, VOO, NVDA |
| Q4 2025 | 779 | $413.6M | MSFT, EFA, VOO, NVDA, AAPL |
| Q3 2025 | 793 | $406.1M | MSFT, EFA, VOO, NVDA, AAPL |
| Q2 2025 | 794 | $383.3M | MSFT, EFA, VOO, NVDA, IVV |
| Q4 2024 | 778 | $332.6M | MSFT, EFA, VOO, AAPL, NVDA |
| Q3 2024 | 819 | $329.3M | MSFT, VOO, EFA, AAPL, NVDA |
| Q2 2024 | 828 | $310.9M | MSFT, VOO, EFA, NVDA, AAPL |
| Q1 2024 | 799 | $294.4M | MSFT, VOO, EFA, AAPL, NVDA |