1y return+13.4%S&P 500 +20.9%
3y return+37.7%S&P 500 +68.5%
5y return+37.4%S&P 500 +74.5%
10y return+163.1%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $263 against $357 in the S&P 500.2
Hills Bank & Trust CoS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| SPYMSpdr Series Trust | $299.8M | 12.8% | −3.8% |
| VEAVanguard Tax-managed Fds | $171.5M | 7.3% | +7.1% |
| SPYState Str Spdr S&p 500 Etf T | $154.8M | 6.6% | −1.9% |
| FTRBFederated Hermes Etf Trust | $140.9M | 6.0% | +97.5% |
| AVLCAmerican Centy Etf Tr | $101.3M | 4.3% | −5.3% |
| SPMDSpdr Series Trust | $82.2M | 3.5% | −6.0% |
| MDYState Str Spdr S&p Midcap 40 | $78.5M | 3.3% | −3.3% |
| VWOVanguard Intl Equity Index F | $72.8M | 3.1% | +8.4% |
| JPIBJ P Morgan Exchange Traded F | $61.2M | 2.6% | +202.9% |
| GIISpdr Index Shs Fds | $56.7M | 2.4% | −1.7% |
| NVDANvidia Corporation | $44.5M | 1.9% | −1.8% |
| GOOGAlphabet Inc | $39.6M | 1.7% | −2.4% |
| AAPLApple Inc | $36.2M | 1.5% | −2.6% |
| BSCQInvesco Exch Trd Slf Idx Fd | $29.3M | 1.2% | −48.7% |
| BSCRInvesco Exch Trd Slf Idx Fd | $27.3M | 1.2% | −47.5% |
| VBCEVanguard Wellesley Income Fd | $27.1M | 1.2% | New |
| VBCFVanguard Wellesley Income Fd | $26.9M | 1.1% | New |
| MSFTMicrosoft Corp | $25.9M | 1.1% | −1.8% |
| BSCSInvesco Exch Trd Slf Idx Fd | $25.5M | 1.1% | −49.6% |
| GUNRFlexshares Tr | $24.8M | 1.1% | −1.8% |
| BNDVanguard Bd Index Fds | $24.3M | 1.0% | −8.2% |
| VBCAVanguard Wellesley Income Fd | $24.0M | 1.0% | New |
| VBCBVanguard Wellesley Income Fd | $24.0M | 1.0% | New |
| VBCCVanguard Wellesley Income Fd | $24.0M | 1.0% | New |
| VBCDVanguard Wellesley Income Fd | $23.9M | 1.0% | New |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NVDANvidia Corporation | June 30, 2020 | +2006.7% | $44.5M |
| PANWPalo Alto Networks Inc | June 30, 2020 | +790.9% | $12.6M |
| GOOGAlphabet Inc | June 30, 2020 | +399.9% | $39.6M |
| JPMJpmorgan Chase & Co | June 30, 2020 | +248.0% | $17.1M |
| AAPLApple Inc | June 30, 2020 | +217.3% | $36.2M |
| SPYState Str Spdr S&p 500 Etf T | June 30, 2020 | +142.2% | $154.8M |
| FASTFastenal Co | June 30, 2020 | +124.2% | $15.8M |
| MDYState Str Spdr S&p Midcap 40 | June 30, 2020 | +116.7% | $78.5M |
| MSFTMicrosoft Corp | June 30, 2020 | +83.3% | $25.9M |
| GUNRFlexshares Tr | June 30, 2020 | +78.3% | $24.8M |
Sold off last quarter
- Honeywell Intl IncCUSIP 438516106 was $1.5M
- Dupont De Nemours IncCUSIP 26614N102 was $458K
- FEDMFlexshares Tr was $349K
- SNPSSynopsys Inc was $204K
- MANHManhattan Associates Inc was $178K
- INTUIntuit was $166K
- Cnh Indl N VCUSIP N20944109 was $154K
- BSVVanguard Bd Index Fds was $139K
- IBTLIshares Tr was $120K
- KKRKkr & Co Inc was $120K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +8.2% | +14.8% |
| March 31, 2026 | −1.2% | −4.6% |
| December 31, 2025 | +1.4% | +2.4% |
| September 30, 2025 | +4.6% | +7.8% |
| June 30, 2025 | +5.8% | +10.5% |
| March 31, 2025 | −1.4% | −4.6% |
| December 31, 2024 | −1.2% | +2.1% |
| September 30, 2024 | +5.1% | +5.4% |
| June 30, 2024 | +0.5% | +4.0% |
| March 31, 2024 | +6.5% | +10.0% |
| December 31, 2023 | +9.3% | +11.2% |
| September 30, 2023 | −4.1% | −3.6% |
| June 30, 2023 | +5.8% | +8.3% |
| March 31, 2023 | +5.3% | +7.0% |
| December 31, 2022 | +8.8% | +7.1% |
| September 30, 2022 | −6.2% | −5.3% |
| June 30, 2022 | −15.5% | −16.5% |
| March 31, 2022 | −5.6% | −4.9% |
| December 31, 2021 | +10.2% | +10.7% |
| September 30, 2021 | −0.1% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Hills Bank & Trust Co Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1309148&type=13F-HR&dateb=&owner=include&count=40CIK 1309148
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1309148/000130914826000015/Filed August 10, 2026 · accession 0001309148-26-000015