HILLTOP HOLDINGS INC.

Filed: 2/17/2026ACC: 0001104659-26-016481

📋 What this filing means

HILLTOP HOLDINGS INC. filed this quarterly 13F‑HR report disclosing 901 equity positions with a total reported market value of $1.69B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

901

Positions

$1.69B

Total AUM (reported)

18.88M

Total Shares

Allocation by class

COM$746.19M44.2%

CL A$50.93M3.0%

COM NEW$40.39M2.4%

GOLD SHS$33.76M2.0%

SHS$29.95M1.8%

CAP STK CL A$29.02M1.7%

COM CL A$26.38M1.6%

Portfolio Concentration

Top 3$133.48M7.9%

4–10$164.61M9.7%

11–25$210.95M12.5%

Rest$1.18B69.9%

Top 3 weight

7.9%

Top 10 weight

17.6%

Voting Authority Distribution

Total shares with voting rights: 5.99M

Sole

Full voting authority

5.79M

% of voting shares96.6%

Shared

Joint voting authority

12.98K

% of voting shares0.2%

None

No voting authority

188.34K

% of voting shares3.1%

Investment Discretion (by position count)

Sole0

Shared0

Other901

Dominant voting typeSole · 96.6% of voting shares

Institutional Holdings901

Rows:

Microsoft Corp

DFND

COM

Shares125.97K

TypeSH

Market value$60.92M

3.61%

Sole

16.05K

Shared

0.00

None

1.94K

Nvidia Corp

DFND

COM

Shares208.01K

TypeSH

Market value$38.79M

2.30%

Sole

24.08K

Shared

0.00

None

5.86K

SPDR Gold Shares

DFND

GOLD SHS

Shares85.20K

TypeSH

Market value$33.76M

2.00%

Sole

59.58K

Shared

0.00

None

1.33K

Alphabet Inc

DFND

CAP STK CL A

Shares92.73K

TypeSH

Market value$29.02M

1.72%

Sole

21.54K

Shared

0.00

None

600.00

Broadcom Inc

DFND

COM

Shares80.42K

TypeSH

Market value$27.83M

1.65%

Sole

15.83K

Shared

0.00

None

780.00

iShares Iboxx Usd

DFND

IBOXX INV CP ETF

Shares222.46K

TypeSH

Market value$24.51M

1.45%

Sole

204.07K

Shared

0.00

None

5.37K

JPMorgan Chase & CO

DFND

COM

Shares68.69K

TypeSH

Market value$22.13M

1.31%

Sole

9.79K

Shared

0.00

None

421.00

iShares Russell 2000 ETF

DFND

RUSSELL 2000 ETF

Shares88.61K

TypeSH

Market value$21.81M

1.29%

Sole

15.73K

Shared

650.00

None

0.00

VISA INC

DFND

COM CL A

Shares56.26K

TypeSH

Market value$19.73M

1.17%

Sole

5.04K

Shared

0.00

None

64.00

VANECK ETF TRUST

DFND

SEMICONDUCTR ETF

Shares54.32K

TypeSH

Market value$19.56M

1.16%

Sole

7.40K

Shared

0.00

None

0.00

SPDR S&P 500 ETF TR

DFND

TR UNIT

Shares28.11K

TypeSH

Market value$19.17M

1.13%

Sole

6.46K

Shared

620.00

None

0.00

Alphabet Inc

DFND

CAP STK CL C

Shares57.57K

TypeSH

Market value$18.07M

1.07%

Sole

8.89K

Shared

0.00

None

2.47K

iShares Mbs ETF

DFND

MBS ETF

Shares186.25K

TypeSH

Market value$17.73M

1.05%

Sole

177.82K

Shared

0.00

None

4.33K

Walmart Inc

DFND

COM

Shares141.39K

TypeSH

Market value$15.75M

0.93%

Sole

20.55K

Shared

0.00

None

138.00

VANGUARD INDEX FDS

DFND

S&P 500 ETF SHS

Shares24.44K

TypeSH

Market value$15.33M

0.91%

Sole

16.31K

Shared

0.00

None

0.00

Meta Platforms Inc

DFND

CL A

Shares20.23K

TypeSH

Market value$13.35M

0.79%

Sole

4.19K

Shared

0.00

None

238.00

ISHARES TR

DFND

0-3 MNTH TREASRY

Shares132.60K

TypeSH

Market value$13.31M

0.79%

Sole

73.89K

Shared

0.00

None

0.00

CHEVRON CORP NEW

DFND

COM

Shares86.63K

TypeSH

Market value$13.20M

0.78%

Sole

12.22K

Shared

200.00

None

1.77K

Invesco QQQ Trust Series I

DFND

UNIT SER 1

Shares21.37K

TypeSH

Market value$13.13M

0.78%

Sole

21.37K

Shared

0.00

None

0.00

Mastercard Inc-A

DFND

CL A

Shares22.85K

TypeSH

Market value$13.05M

0.77%

Sole

1.39K

Shared

0.00

None

134.00

Home Depot

DFND

COM

Shares37.77K

TypeSH

Market value$13.00M

0.77%

Sole

7.14K

Shared

0.00

None

233.00

Abbvie Inc

DFND

COM

Shares55.93K

TypeSH

Market value$12.78M

0.76%

Sole

10.68K

Shared

45.00

None

1.07K

Exxon Mobil Corp

DFND

COM

Shares95.13K

TypeSH

Market value$11.45M

0.68%

Sole

27.59K

Shared

475.00

None

462.00

Apple Inc

DFND

COM

Shares41.21K

TypeSH

Market value$11.20M

0.66%

Sole

37.36K

Shared

0.00

None

3.84K

EATON CORP PLC

DFND

SHS

Shares32.76K

TypeSH

Market value$10.43M

0.62%

Sole

1.08K

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	Shared	None
Microsoft CorpDFND	COM	125.97K	SH	$60.92M 3.61%	16.05K	0.00	1.94K
Nvidia CorpDFND	COM	208.01K	SH	$38.79M 2.30%	24.08K	0.00	5.86K
SPDR Gold SharesDFND	GOLD SHS	85.20K	SH	$33.76M 2.00%	59.58K	0.00	1.33K
Alphabet IncDFND	CAP STK CL A	92.73K	SH	$29.02M 1.72%	21.54K	0.00	600.00
Broadcom IncDFND	COM	80.42K	SH	$27.83M 1.65%	15.83K	0.00	780.00
iShares Iboxx UsdDFND	IBOXX INV CP ETF	222.46K	SH	$24.51M 1.45%	204.07K	0.00	5.37K
JPMorgan Chase & CODFND	COM	68.69K	SH	$22.13M 1.31%	9.79K	0.00	421.00
iShares Russell 2000 ETFDFND	RUSSELL 2000 ETF	88.61K	SH	$21.81M 1.29%	15.73K	650.00	0.00
VISA INCDFND	COM CL A	56.26K	SH	$19.73M 1.17%	5.04K	0.00	64.00
VANECK ETF TRUSTDFND	SEMICONDUCTR ETF	54.32K	SH	$19.56M 1.16%	7.40K	0.00	0.00
SPDR S&P 500 ETF TRDFND	TR UNIT	28.11K	SH	$19.17M 1.13%	6.46K	620.00	0.00
Alphabet IncDFND	CAP STK CL C	57.57K	SH	$18.07M 1.07%	8.89K	0.00	2.47K
iShares Mbs ETFDFND	MBS ETF	186.25K	SH	$17.73M 1.05%	177.82K	0.00	4.33K
Walmart IncDFND	COM	141.39K	SH	$15.75M 0.93%	20.55K	0.00	138.00
VANGUARD INDEX FDSDFND	S&P 500 ETF SHS	24.44K	SH	$15.33M 0.91%	16.31K	0.00	0.00
Meta Platforms IncDFND	CL A	20.23K	SH	$13.35M 0.79%	4.19K	0.00	238.00
ISHARES TRDFND	0-3 MNTH TREASRY	132.60K	SH	$13.31M 0.79%	73.89K	0.00	0.00
CHEVRON CORP NEWDFND	COM	86.63K	SH	$13.20M 0.78%	12.22K	200.00	1.77K
Invesco QQQ Trust Series IDFND	UNIT SER 1	21.37K	SH	$13.13M 0.78%	21.37K	0.00	0.00
Mastercard Inc-ADFND	CL A	22.85K	SH	$13.05M 0.77%	1.39K	0.00	134.00
Home DepotDFND	COM	37.77K	SH	$13.00M 0.77%	7.14K	0.00	233.00
Abbvie IncDFND	COM	55.93K	SH	$12.78M 0.76%	10.68K	45.00	1.07K
Exxon Mobil CorpDFND	COM	95.13K	SH	$11.45M 0.68%	27.59K	475.00	462.00
Apple IncDFND	COM	41.21K	SH	$11.20M 0.66%	37.36K	0.00	3.84K
EATON CORP PLCDFND	SHS	32.76K	SH	$10.43M 0.62%	1.08K	0.00	0.00

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