Hilltop National Bank
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 2, 2026), Hilltop National Bank reported 795 stock positions worth $420.5 million. Its top holding was Microsoft (MSFT) at 5.8% of the portfolio, followed by iShares MSCI Eafe ETF (EFA, 4.2%) and Horizon Kinetics Infl Benef (INFL, 3.5%). Compared with Q4 2025, it opened 60 new positions, sold out of 45, added to 237 and reduced 180. The biggest buy was Horizon Kinetics Infl Benef (INFL, shares +13%) and the biggest sale Microsoft (MSFT, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- CASPER, WY
- CIK
- 0002021658
- Portfolio Value
- $420.5M (Q1 2026)
- SEC Filing
- 0002021658-26-000002 ↗ filed Apr 2, 2026
Holdings Value
Holdings 795 stocks · $420.5M
| MSFT Microsoft Corp. | 5.76% | 65,397 | $24.2M | Reduce -0.5% |
| EFA iShares MSCI Eafe ETF | 4.23% | 183,136 | $17.8M | Add +11.8% |
| INFL Horizon Kinetics Infl Benef | 3.47% | 280,389 | $14.6M | Add +12.5% |
| VOO Vanguard S&P 500 ETF | 3.20% | 22,490 | $13.4M | Add +7.4% |
| NVDA Nvidia Corp. | 2.74% | 66,052 | $11.5M | Reduce -1.2% |
| AAPL Apple Inc. | 2.54% | 42,036 | $10.7M | Add +0.6% |
| IVV iShares Core S&P 500 ETF | 2.16% | 13,918 | $9.1M | Reduce -0.3% |
| RSP Invesco S&P 500 Equal Weight | 1.74% | 38,025 | $7.3M | Add +79.8% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 1.73% | 39,375 | $7.3M | Reduce -1.7% |
| IAU iShares Gold Trust | 1.58% | 75,172 | $6.6M | Add +1.0% |
| XOM Exxon Mobil Corp. | 1.47% | 36,418 | $6.2M | Add +1.0% |
| VWO Vanguard Ftse Emerging Marke | 1.43% | 111,080 | $6.0M | Reduce -2.8% |
| IJH iShares Core S&P Midcap ETF | 1.34% | 83,194 | $5.6M | Reduce -1.9% |
| IWP iShares Russell Mid-Cap Grow | 1.33% | 43,633 | $5.6M | Add +0.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.33% | 11,636 | $5.6M | Add +0.9% |
| TSM Taiwan Semiconductor-SP ADR | 1.24% | 15,383 | $5.2M | Reduce -1.6% |
| LLY Eli Lilly & Co. | 1.17% | 5,327 | $4.9M | Add +0.2% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 1.06% | 20,565 | $4.5M | Add +2.5% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.92% | 12,730 | $3.8M | Add +3.2% |
| AVGO Broadcom Inc. | 0.91% | 12,376 | $3.8M | Reduce -7.6% |
| ANET Arista Networks Inc. | 0.86% | 29,519 | $3.6M | Reduce -4.1% |
| COST Costco Wholesale Corp. | 0.86% | 3,617 | $3.6M | Reduce -1.9% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.85% | 5 | $3.6M | No change |
| PWR Quanta Services Inc. | 0.85% | 6,523 | $3.6M | Reduce -4.6% |
| NFLX Netflix Inc. | 0.84% | 36,598 | $3.5M | Reduce -3.2% |
| WMT Walmart Inc. | 0.82% | 27,865 | $3.5M | Add +1.3% |
| IVW iShares S&P 500 Growth ETF | 0.80% | 29,691 | $3.4M | Reduce -1.5% |
| QQQ Invesco QQQ Trust Series 1 | 0.79% | 5,784 | $3.3M | Reduce -0.4% |
| JPM JPMorgan Chase & Co. | 0.78% | 11,175 | $3.3M | Add +0.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.77% | 4,987 | $3.2M | Add +16.0% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.75% | 16,160 | $3.2M | Add +0.3% |
| JNJ Johnson & Johnson | 0.75% | 12,868 | $3.1M | Reduce -1.2% |
| GLW Corning Inc. | 0.66% | 20,481 | $2.8M | Reduce -3.7% |
| SO The Southern Co. | 0.65% | 28,524 | $2.8M | Reduce -2.6% |
| STX Seagate Technology Holdings | 0.62% | 6,683 | $2.6M | Reduce -25.1% |
| TT Trane Technologies PLC | 0.62% | 6,269 | $2.6M | Reduce -0.9% |
| PEP Pepsico Inc. | 0.61% | 16,587 | $2.6M | Reduce -1.5% |
| META Meta Platforms Inc. Class A | 0.61% | 4,464 | $2.6M | Add +3.2% |
| AMGN Amgen Inc. | 0.57% | 6,853 | $2.4M | Reduce -0.3% |
| AXP American Express Co. | 0.56% | 7,854 | $2.4M | Reduce -0.6% |
| BX Blackstone Inc. | 0.54% | 19,664 | $2.3M | Add +37.0% |
| AMP Ameriprise Financial Inc. | 0.53% | 5,001 | $2.2M | Reduce -3.1% |
| GOOGL Alphabet Inc. Class A | 0.51% | 7,520 | $2.2M | Add +0.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.51% | 8,891 | $2.2M | Add +0.1% |
| SHEL Shell PLC-ADR | 0.51% | 22,999 | $2.1M | Add +0.3% |
| PSX Phillips 66 | 0.51% | 11,673 | $2.1M | Reduce -0.4% |
| EEMV iShares MSCI Emg MKT Min Vol | 0.50% | 32,698 | $2.1M | Reduce -5.3% |
| MRVL Marvell Technology Inc. | 0.50% | 21,295 | $2.1M | Add +1.1% |
| CAT Caterpillar Inc. | 0.49% | 2,879 | $2.0M | Reduce -0.0% |
| IJR iShares Core S&P Small-Cap E | 0.48% | 16,174 | $2.0M | Reduce -5.5% |
| KLAC KLA Corp. | 0.48% | 1,365 | $2.0M | Reduce -36.4% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.47% | 6,948 | $2.0M | Add +1.2% |
| TMUS T-Mobile US Inc. | 0.47% | 9,330 | $2.0M | Reduce -0.3% |
| AMZN Amazon.com Inc. | 0.46% | 9,258 | $1.9M | Add +4.8% |
| CVX Chevron Corp. | 0.43% | 8,722 | $1.8M | Add +1.8% |
| CSX CSX Corp. | 0.42% | 42,646 | $1.8M | Add +0.8% |
| DE Deere & Co. | 0.41% | 3,097 | $1.7M | Reduce -3.5% |
| COP Conocophillips | 0.41% | 13,164 | $1.7M | Reduce -8.5% |
| MDT Medtronic PLC | 0.41% | 19,992 | $1.7M | Reduce -4.2% |
| GLD SPDR Gold Shares | 0.41% | 3,981 | $1.7M | No change |
| QSR Restaurant Brands Intern | 0.40% | 22,657 | $1.7M | Reduce -3.8% |
| MA Mastercard Inc. Class A | 0.40% | 3,350 | $1.7M | Reduce -2.8% |
| CSCO Cisco Systems Inc. | 0.38% | 20,800 | $1.6M | Reduce -1.9% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.38% | 3,629 | $1.6M | Add +4.8% |
| KIM Kimco Realty Corp. | 0.37% | 69,898 | $1.6M | Reduce -1.2% |
| TXN Texas Instruments Inc. | 0.36% | 7,795 | $1.5M | Add +11.1% |
| DGX Quest Diagnostics Inc. | 0.36% | 7,631 | $1.5M | Add +0.7% |
| HON Honeywell International Inc. | 0.35% | 6,593 | $1.5M | Add +0.1% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.35% | 5,767 | $1.5M | Add +0.6% |
| PG The Procter & Gamble Co. | 0.35% | 10,222 | $1.5M | Reduce -37.7% |
| NEM Newmont Corp. | 0.35% | 13,478 | $1.5M | Add +1.0% |
| UNH Unitedhealth Group Inc. | 0.35% | 5,377 | $1.5M | Add +5.8% |
| MCK McKesson Corp. | 0.33% | 1,625 | $1.4M | Add +1.9% |
| OKE Oneok Inc. | 0.33% | 15,419 | $1.4M | No change |
| ONEQ Fidelity Nasdaq Comp Indx | 0.33% | 16,360 | $1.4M | No change |
| LOW Lowe's Cos Inc. | 0.32% | 5,742 | $1.4M | Reduce -3.2% |
| XLK SS Technology Select Sector | 0.32% | 10,154 | $1.3M | Reduce -0.9% |
| MRK Merck & Co. Inc. | 0.32% | 11,196 | $1.3M | Add +7.7% |
| ORCL Oracle Corp. | 0.32% | 9,093 | $1.3M | Reduce -3.0% |
| WFC Wells Fargo & Co. | 0.32% | 16,795 | $1.3M | No change |
| IVE iShares S&P 500 Value ETF | 0.32% | 6,307 | $1.3M | Reduce -9.9% |
| KR Kroger Co. | 0.32% | 18,307 | $1.3M | Add +0.8% |
| SCHD Schwab US DVD Equity ETF | 0.32% | 43,170 | $1.3M | Reduce -4.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.31% | 26,314 | $1.3M | Add +101.5% |
| IWB iShares Russell 1000 ETF | 0.30% | 3,568 | $1.3M | No change |
| HLT Hilton Worldwide Holdings Inc. | 0.30% | 4,087 | $1.2M | Add +11920.6% |
| LHX L3HARRIS Technologies Inc. | 0.29% | 3,506 | $1.2M | Add +488.3% |
| EPD Enterprise Products Partners | 0.28% | 30,797 | $1.2M | Add +3.9% |
| ABT Abbott Laboratories | 0.28% | 11,347 | $1.2M | Add +0.1% |
| TOL Toll Brothers Inc. | 0.27% | 8,414 | $1.1M | Add +0.4% |
| V Visa Inc. Class A | 0.27% | 3,776 | $1.1M | Add +1.7% |
| MU Micron Technology Inc. | 0.27% | 3,359 | $1.1M | Add +0.8% |
| XLG Invesco S&P 500 Top 50 ETF | 0.27% | 20,650 | $1.1M | No change |
| VZ Verizon Communications Inc. | 0.27% | 22,396 | $1.1M | Add +38.4% |
| OXY Occidental Petroleum Corp. | 0.27% | 17,249 | $1.1M | Add +4.0% |
| DELL Dell Technologies -C | 0.26% | 6,768 | $1.1M | Add +3.0% |
| ABBV Abbvie Inc. | 0.26% | 5,034 | $1.1M | Add +2.7% |
| BLK BlackRock Inc. | 0.26% | 1,135 | $1.1M | Reduce -4.6% |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 0.25% | 809 | $1.1M | No change |
| SLF Sun Life Financial Inc. | 0.25% | 16,577 | $1.0M | Reduce -18.1% |
Portfolio Sells Q4 2025 → Q1 2026
| MSFT Microsoft Corp. | Reduce -0.5% | 5.76% | −1.93 |
| DKS Dick's Sporting Goods Inc. | Reduce -95.3% | 0.01% | −0.30 |
| FIS Fidelity National Info Serv | Reduce -87.6% | 0.03% | −0.29 |
| NVDA Nvidia Corp. | Reduce -1.2% | 2.74% | −0.28 |
| AZN Astrazeneca PLC-Spons ADR | Sold out | 0.00% | −0.27 |
| J Jacobs Solutions Inc. | Reduce -93.6% | 0.02% | −0.26 |
| PG The Procter & Gamble Co. | Reduce -37.7% | 0.35% | −0.22 |
| AVGO Broadcom Inc. | Reduce -7.6% | 0.91% | −0.21 |
| QCOM Qualcomm Inc. | Reduce -25.0% | 0.21% | −0.17 |
| KLAC KLA Corp. | Reduce -36.4% | 0.48% | −0.15 |
| IVV iShares Core S&P 500 ETF | Reduce -0.3% | 2.16% | −0.15 |
| AXP American Express Co. | Reduce -0.6% | 0.56% | −0.14 |
| ORCL Oracle Corp. | Reduce -3.0% | 0.32% | −0.12 |
| ANET Arista Networks Inc. | Reduce -4.1% | 0.86% | −0.11 |
| IVW iShares S&P 500 Growth ETF | Reduce -1.5% | 0.80% | −0.10 |
| COF Capital One Financial Corp. | Reduce -7.6% | 0.20% | −0.09 |
| PRU Prudential Financial Inc. | Reduce -16.5% | 0.22% | −0.09 |
| AMP Ameriprise Financial Inc. | Reduce -3.1% | 0.53% | −0.08 |
| NOW ServiceNow Inc. | Reduce -74.6% | 0.02% | −0.08 |
| MA Mastercard Inc. Class A | Reduce -2.8% | 0.40% | −0.08 |
| MDT Medtronic PLC | Reduce -4.2% | 0.41% | −0.07 |
| GBCI Glacier Bancorp Inc. | Sold out | 0.00% | −0.07 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -0.4% | 0.79% | −0.07 |
| SLF Sun Life Financial Inc. | Reduce -18.1% | 0.25% | −0.06 |
| VWO Vanguard Ftse Emerging Marke | Reduce -2.8% | 1.43% | −0.06 |
| MUB iShares National Muni Bond E | Reduce -48.6% | 0.05% | −0.05 |
| PAYX Paychex Inc. | Reduce -5.0% | 0.16% | −0.05 |
| BLK BlackRock Inc. | Reduce -4.6% | 0.26% | −0.05 |
| BKNG Booking Holdings Inc. | Reduce -2.2% | 0.14% | −0.04 |
| SNY Sanofi-ADR | Reduce -26.4% | 0.11% | −0.04 |
| IVE iShares S&P 500 Value ETF | Reduce -9.9% | 0.32% | −0.04 |
| PANW Palo Alto Networks Inc. | Reduce -1.8% | 0.22% | −0.04 |
| MET Metlife Inc. | Reduce -26.8% | 0.07% | −0.04 |
| XLK SS Technology Select Sector | Reduce -0.9% | 0.32% | −0.04 |
| RY Royal Bank of Canada | Reduce -5.6% | 0.24% | −0.03 |
| PLTR Palantir Technologies Inc. Class A | Reduce -33.8% | 0.04% | −0.03 |
| EEMV iShares MSCI Emg MKT Min Vol | Reduce -5.3% | 0.50% | −0.03 |
| HOOD Robinhood Markets Inc. Class A | Reduce -37.1% | 0.02% | −0.03 |
| PNFP Pinnacle Financial Partners | Sold out | 0.00% | −0.03 |
| AXON Axon Enterprise Inc. | Sold out | 0.00% | −0.03 |
| SHOP Shopify Inc. Class A | Reduce -47.4% | 0.02% | −0.03 |
| DHR Danaher Corp. | Reduce -9.1% | 0.07% | −0.02 |
| GE General Electric | Reduce -14.6% | 0.09% | −0.02 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -45.0% | 0.01% | −0.02 |
| LOW Lowe's Cos Inc. | Reduce -3.2% | 0.32% | −0.02 |
| SEE Sealed Air Corp. | Sold out | 0.00% | −0.02 |
| CWAN Clearwater Analytics HDS-A | Reduce -70.5% | 0.01% | −0.02 |
| SHM SS SPDR N Ice St Muni ETF | Reduce -65.9% | 0.01% | −0.02 |
| PCTY Paylocity Holding Corp. | Reduce -93.5% | 0.00% | −0.02 |
| NOC Northrop Grumman Corp. | Reduce -87.9% | 0.00% | −0.02 |
Portfolio Buys Q4 2025 → Q1 2026
| INFL Horizon Kinetics Infl Benef | Add +12.5% | 3.47% | +0.79 |
| RSP Invesco S&P 500 Equal Weight | Add +79.8% | 1.74% | +0.76 |
| EFA iShares MSCI Eafe ETF | Add +11.8% | 4.23% | +0.43 |
| XOM Exxon Mobil Corp. | Add +1.0% | 1.47% | +0.42 |
| HLT Hilton Worldwide Holdings Inc. | Add +11920.6% | 0.30% | +0.29 |
| LHX L3HARRIS Technologies Inc. | Add +488.3% | 0.29% | +0.25 |
| BUD Anheuser-Busch Inbev-SPN ADR | New | 0.24% | +0.24 |
| IBIT iShares Bitcoin Trust ETF | New | 0.20% | +0.20 |
| F Ford Motor Co. | Add +1012.1% | 0.21% | +0.19 |
| BAC Bank of America Corp. | Add +101.5% | 0.31% | +0.13 |
| IAU iShares Gold Trust | Add +1.0% | 1.58% | +0.12 |
| CVX Chevron Corp. | Add +1.8% | 0.43% | +0.11 |
| VZ Verizon Communications Inc. | Add +38.4% | 0.27% | +0.11 |
| OXY Occidental Petroleum Corp. | Add +4.0% | 0.27% | +0.10 |
| SHEL Shell PLC-ADR | Add +0.3% | 0.51% | +0.10 |
| UL Unilever PLC-Sponsored ADR | New | 0.09% | +0.09 |
| CW Curtiss-Wright Corp. | Add +90.4% | 0.15% | +0.09 |
| WMT Walmart Inc. | Add +1.3% | 0.82% | +0.08 |
| MRVL Marvell Technology Inc. | Add +1.1% | 0.50% | +0.07 |
| TXN Texas Instruments Inc. | Add +11.1% | 0.36% | +0.07 |
| DELL Dell Technologies -C | Add +3.0% | 0.26% | +0.06 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +16.0% | 0.77% | +0.06 |
| TSLA Tesla Inc. | Add +100.2% | 0.15% | +0.06 |
| NVS Novartis AG-Sponsored ADR | Add +390.0% | 0.07% | +0.06 |
| MCHP Microchip Technology Inc. | New | 0.06% | +0.06 |
| MRK Merck & Co. Inc. | Add +7.7% | 0.32% | +0.06 |
| EPD Enterprise Products Partners | Add +3.9% | 0.28% | +0.05 |
| TTE Totalenergies SE | New | 0.05% | +0.05 |
| CSX CSX Corp. | Add +0.8% | 0.42% | +0.05 |
| LMT Lockheed Martin Corp. | Add +0.1% | 0.24% | +0.05 |
| HON Honeywell International Inc. | Add +0.1% | 0.35% | +0.04 |
| VET Vermilion Energy Inc. | Add +3.1% | 0.11% | +0.04 |
| RTX RTX Corp. | Add +29.8% | 0.17% | +0.04 |
| KR Kroger Co. | Add +0.8% | 0.32% | +0.04 |
| CL Colgate-Palmolive Co. | Add +140.0% | 0.07% | +0.04 |
| MPC Marathon Petroleum Corp. | Add +32.3% | 0.08% | +0.04 |
| MU Micron Technology Inc. | Add +0.8% | 0.27% | +0.04 |
| SLB SLB Ltd. | Add +29.2% | 0.09% | +0.04 |
| DGX Quest Diagnostics Inc. | Add +0.7% | 0.36% | +0.04 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +2.5% | 1.06% | +0.04 |
| TDY Teledyne Technologies Inc. | New | 0.03% | +0.03 |
| FITB Fifth Third Bancorp | New | 0.03% | +0.03 |
| BBVA Banco Bilbao Vizcaya-SP ADR | New | 0.03% | +0.03 |
| KO The Coca-Cola Co. | Add +26.1% | 0.12% | +0.03 |
| MO Altria Group Inc. | Add +3.8% | 0.21% | +0.03 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +121.1% | 0.07% | +0.03 |
| FDX FedEx Corp. | Add +1.5% | 0.16% | +0.03 |
| AEIS Advanced Energy Industries | Add +3.2% | 0.08% | +0.03 |
| ATI Ati Inc. | New | 0.03% | +0.03 |
| T AT&T Inc. | Add +5.8% | 0.16% | +0.03 |
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 |