HILLS BANK & TRUST CO

Filed: 10/28/2024ACC: 0001309148-24-000032

📋 What this filing means

HILLS BANK & TRUST CO filed this quarterly 13F‑HR report disclosing 303 equity positions with a total reported market value of $1.32B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

303

Positions

$1.32B

Total AUM (reported)

24.91M

Total Shares

Allocation by class

COM$421.49M31.8%

TR UNIT$126.80M9.6%

UTSER1 S&PDCRP$68.92M5.2%

BULSHS 2026 CB$50.06M3.8%

IBONDS 25 TRM TS$49.60M3.7%

IBONDS 24 TRM TS$46.68M3.5%

BULSHS 2027 CB$46.12M3.5%

Portfolio Concentration

Top 3$245.77M18.6%

4–10$304.67M23.0%

11–25$301.85M22.8%

Rest$472.15M35.6%

Top 3 weight

18.6%

Top 10 weight

41.6%

Voting Authority Distribution

Total shares with voting rights: 24.91M

Sole

Full voting authority

24.84M

% of voting shares99.8%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

62.19K

% of voting shares0.2%

Investment Discretion (by position count)

Sole122

Shared0

Other181

Dominant voting typeSole · 99.8% of voting shares

Institutional Holdings303

Rows:

State Street ETF/USA

DFND

TR UNIT

Shares221K

TypeSH

Market value$126.80M

9.57%

Sole

221K

Shared

0.00

None

0.00

STATE STREET ETF/USA

DFND

UTSER1 S&PDCRP

Shares120.98K

TypeSH

Market value$68.92M

5.20%

Sole

120.98K

Shared

0.00

None

0.00

Invesco Capital Management LLC

DFND

BULSHS 2026 CB

Shares2.56M

TypeSH

Market value$50.06M

3.78%

Sole

2.55M

Shared

0.00

None

7.03K

iShares ETFs/USA

DFND

IBONDS 25 TRM TS

Shares2.12M

TypeSH

Market value$49.60M

3.74%

Sole

2.12M

Shared

0.00

None

668.00

iShares ETFs/USA

DFND

IBONDS 24 TRM TS

Shares1.95M

TypeSH

Market value$46.68M

3.52%

Sole

1.94M

Shared

0.00

None

648.00

Invesco Capital Management LLC

DFND

BULSHS 2027 CB

Shares2.34M

TypeSH

Market value$46.12M

3.48%

Sole

2.33M

Shared

0.00

None

7.01K

Invesco Capital Management LLC

DFND

INVSCO BLSH 28

Shares2.22M

TypeSH

Market value$45.71M

3.45%

Sole

2.22M

Shared

0.00

None

6.75K

Vanguard ETF/USA

DFND

VAN FTSE DEV MKT

Shares836.97K

TypeSH

Market value$44.20M

3.34%

Sole

836.97K

Shared

0.00

None

0.00

Federated Hermes ETFs/USA

SOLE

HERMES TOTAL RET

Shares1.51M

TypeSH

Market value$39.06M

2.95%

Sole

1.51M

Shared

0.00

None

0.00

MICROSOFT CORP

DFND

COM

Shares77.39K

TypeSH

Market value$33.30M

2.51%

Sole

77.39K

Shared

0.00

None

0.00

Northern Trust Investments Inc

DFND

MORNSTAR UPSTR

Shares802.12K

TypeSH

Market value$33.09M

2.50%

Sole

801.04K

Shared

0.00

None

1.07K

Apple Inc

DFND

COM

Shares134.16K

TypeSH

Market value$31.26M

2.36%

Sole

134.16K

Shared

0.00

None

0.00

NVIDIA Corp

DFND

COM

Shares249.06K

TypeSH

Market value$30.25M

2.28%

Sole

249.06K

Shared

0.00

None

0.00

SSGA FUNDS MANAGEMENT INC

DFND

PORTFOLIO S&P400

Shares544.32K

TypeSH

Market value$29.76M

2.25%

Sole

543.44K

Shared

0.00

None

880.00

Vanguard ETF/USA

DFND

TOTAL BND MRKT

Shares328.24K

TypeSH

Market value$24.65M

1.86%

Sole

328.24K

Shared

0.00

None

0.00

Alphabet Inc

DFND

CAP STK CL C

Shares126.12K

TypeSH

Market value$21.09M

1.59%

Sole

126.12K

Shared

0.00

None

0.00

Procter & Gamble Co/The

DFND

COM

Shares117.08K

TypeSH

Market value$20.28M

1.53%

Sole

117.08K

Shared

0.00

None

0.00

Invesco Capital Management LLC

DFND

BULETSHS 2029

Shares828.20K

TypeSH

Market value$15.58M

1.18%

Sole

822.81K

Shared

0.00

None

5.39K

VANGUARD ETF/USA

DFND

FTSE EMR MKT ETF

Shares314.73K

TypeSH

Market value$15.06M

1.14%

Sole

314.73K

Shared

0.00

None

0.00

BlackRock Fund Advisors

DFND

MSCI EAFE ETF

Shares172.41K

TypeSH

Market value$14.42M

1.09%

Sole

172.41K

Shared

0.00

None

0.00

Perspective Therapeutics Inc

SOLE

None

Shares1.03M

TypeSH

Market value$13.72M

1.04%

Sole

1.03M

Shared

0.00

None

0.00

Fastenal Co

DFND

COM

Shares191.40K

TypeSH

Market value$13.67M

1.03%

Sole

191.40K

Shared

0.00

None

0.00

State Street ETF/USA

DFND

S&P GBLINF ETF

Shares215.51K

TypeSH

Market value$13.29M

1.00%

Sole

215.51K

Shared

0.00

None

0.00

Home Depot Inc/The

DFND

COM

Shares32.55K

TypeSH

Market value$13.19M

1.00%

Sole

32.55K

Shared

0.00

None

0.00

JPMorgan Chase & Co

DFND

COM

Shares59.47K

TypeSH

Market value$12.54M

0.95%

Sole

59.47K

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
State Street ETF/USADFND	TR UNIT	221K	SH	$126.80M 9.57%	221K	0.00
STATE STREET ETF/USADFND	UTSER1 S&PDCRP	120.98K	SH	$68.92M 5.20%	120.98K	0.00
Invesco Capital Management LLCDFND	BULSHS 2026 CB	2.56M	SH	$50.06M 3.78%	2.55M	7.03K
iShares ETFs/USADFND	IBONDS 25 TRM TS	2.12M	SH	$49.60M 3.74%	2.12M	668.00
iShares ETFs/USADFND	IBONDS 24 TRM TS	1.95M	SH	$46.68M 3.52%	1.94M	648.00
Invesco Capital Management LLCDFND	BULSHS 2027 CB	2.34M	SH	$46.12M 3.48%	2.33M	7.01K
Invesco Capital Management LLCDFND	INVSCO BLSH 28	2.22M	SH	$45.71M 3.45%	2.22M	6.75K
Vanguard ETF/USADFND	VAN FTSE DEV MKT	836.97K	SH	$44.20M 3.34%	836.97K	0.00
Federated Hermes ETFs/USASOLE	HERMES TOTAL RET	1.51M	SH	$39.06M 2.95%	1.51M	0.00
MICROSOFT CORPDFND	COM	77.39K	SH	$33.30M 2.51%	77.39K	0.00
Northern Trust Investments IncDFND	MORNSTAR UPSTR	802.12K	SH	$33.09M 2.50%	801.04K	1.07K
Apple IncDFND	COM	134.16K	SH	$31.26M 2.36%	134.16K	0.00
NVIDIA CorpDFND	COM	249.06K	SH	$30.25M 2.28%	249.06K	0.00
SSGA FUNDS MANAGEMENT INCDFND	PORTFOLIO S&P400	544.32K	SH	$29.76M 2.25%	543.44K	880.00
Vanguard ETF/USADFND	TOTAL BND MRKT	328.24K	SH	$24.65M 1.86%	328.24K	0.00
Alphabet IncDFND	CAP STK CL C	126.12K	SH	$21.09M 1.59%	126.12K	0.00
Procter & Gamble Co/TheDFND	COM	117.08K	SH	$20.28M 1.53%	117.08K	0.00
Invesco Capital Management LLCDFND	BULETSHS 2029	828.20K	SH	$15.58M 1.18%	822.81K	5.39K
VANGUARD ETF/USADFND	FTSE EMR MKT ETF	314.73K	SH	$15.06M 1.14%	314.73K	0.00
BlackRock Fund AdvisorsDFND	MSCI EAFE ETF	172.41K	SH	$14.42M 1.09%	172.41K	0.00
Perspective Therapeutics IncSOLE	None	1.03M	SH	$13.72M 1.04%	1.03M	0.00
Fastenal CoDFND	COM	191.40K	SH	$13.67M 1.03%	191.40K	0.00
State Street ETF/USADFND	S&P GBLINF ETF	215.51K	SH	$13.29M 1.00%	215.51K	0.00
Home Depot Inc/TheDFND	COM	32.55K	SH	$13.19M 1.00%	32.55K	0.00
JPMorgan Chase & CoDFND	COM	59.47K	SH	$12.54M 0.95%	59.47K	0.00

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