Filed: 10/8/2025ACC: 0002021658-25-000004
📋 What this filing means
HILLTOP NATIONAL BANK filed this quarterly 13F‑HR report disclosing 794 equity positions with a total reported market value of $406.07M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
794
Positions
$406.07M
Total AUM (reported)
3.42M
Total Shares
Allocation by class
COM$214.96M52.9%
MSCI EAFE ETF$15.04M3.7%
S&P 500 ETF SHS$14.90M3.7%
CL A$13.16M3.2%
HORIZON KINETICS$9.38M2.3%
CORE S&P500 ETF$9.25M2.3%
S&P500 EQL WGT$6.71M1.7%
Portfolio Concentration
Top 3$53.82M13.3%
4–10$61.91M15.2%
11–25$67.75M16.7%
Rest$222.59M54.8%
Top 3 weight
13.3%
Top 10 weight
28.5%
Voting Authority Distribution
Total shares with voting rights: 3.42M
Sole
Full voting authority
3.23M
shares
% of voting shares94.4%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
192.64K
shares
% of voting shares5.6%
Investment Discretion (by position count)
Sole96
Shared0
Other698
Dominant voting typeSole · 94.4% of voting shares
Institutional Holdings794
Rows:
MICROSOFT CORP
DFNDShares46.10K
TypeSH
Market value$23.88M
5.88%
Sole
46.01K
Shared
0.00
None
83.00
ISHARES TR
DFNDShares161.11K
TypeSH
Market value$15.04M
3.70%
Sole
155.83K
Shared
0.00
None
5.28K
VANGUARD INDEX FDS
DFNDShares24.34K
TypeSH
Market value$14.90M
3.67%
Sole
24.34K
Shared
0.00
None
0.00
NVIDIA CORPORATION
DFNDShares69.31K
TypeSH
Market value$12.93M
3.18%
Sole
68.38K
Shared
0.00
None
931.00
APPLE INC
DFNDShares42.30K
TypeSH
Market value$10.77M
2.65%
Sole
42.05K
Shared
0.00
None
250.00
LISTED FDS TR
DFNDShares209.98K
TypeSH
Market value$9.38M
2.31%
Sole
209.98K
Shared
0.00
None
0.00
ISHARES TR
DFNDShares13.82K
TypeSH
Market value$9.25M
2.28%
Sole
13.79K
Shared
0.00
None
29.00
INVESCO EXCHANGE TRADED FD T
DFNDShares35.37K
TypeSH
Market value$6.71M
1.65%
Sole
35.37K
Shared
0.00
None
0.00
VANGUARD INDEX FDS
DFNDShares38.29K
TypeSH
Market value$6.69M
1.65%
Sole
37.54K
Shared
0.00
None
754.00
VANGUARD INTL EQUITY INDEX F
DFNDShares114.07K
TypeSH
Market value$6.18M
1.52%
Sole
112.13K
Shared
0.00
None
1.94K
ISHARES TR
DFNDShares43.13K
TypeSH
Market value$6.14M
1.51%
Sole
42.83K
Shared
0.00
None
297.00
BERKSHIRE HATHAWAY INC DEL
DFNDShares11.86K
TypeSH
Market value$5.96M
1.47%
Sole
6.44K
Shared
0.00
None
5.41K
ISHARES GOLD TR
DFNDShares73.69K
TypeSH
Market value$5.36M
1.32%
Sole
73.69K
Shared
0.00
None
0.00
ISHARES TR
DFNDShares82.14K
TypeSH
Market value$5.36M
1.32%
Sole
81.89K
Shared
0.00
None
250.00
BROADCOM INC
DFNDShares14.31K
TypeSH
Market value$4.72M
1.16%
Sole
13.24K
Shared
0.00
None
1.07K
ARISTA NETWORKS INC
DFNDShares32.01K
TypeSH
Market value$4.66M
1.15%
Sole
31.61K
Shared
0.00
None
400.00
NETFLIX INC
DFNDShares3.87K
TypeSH
Market value$4.64M
1.14%
Sole
3.84K
Shared
0.00
None
35.00
TAIWAN SEMICONDUCTOR MFG LTD
DFNDShares16.17K
TypeSH
Market value$4.52M
1.11%
Sole
15.81K
Shared
0.00
None
355.00
ELI LILLY & CO
DFNDShares5.38K
TypeSH
Market value$4.10M
1.01%
Sole
5.33K
Shared
0.00
None
55.00
EXXON MOBIL CORP
DFNDShares35.38K
TypeSH
Market value$3.99M
0.98%
Sole
35.33K
Shared
0.00
None
50.00
VANGUARD INDEX FDS
DFNDShares18.77K
TypeSH
Market value$3.92M
0.96%
Sole
18.17K
Shared
0.00
None
595.00
BERKSHIRE HATHAWAY INC DEL
DFNDShares5.00
TypeSH
Market value$3.77M
0.93%
Sole
1.00
Shared
0.00
None
4.00
ISHARES TR
DFNDShares30.16K
TypeSH
Market value$3.64M
0.90%
Sole
30.16K
Shared
0.00
None
0.00
VANGUARD INDEX FDS
DFNDShares11.69K
TypeSH
Market value$3.48M
0.86%
Sole
11.48K
Shared
0.00
None
211.00
INVESCO QQQ TR
DFNDShares5.78K
TypeSH
Market value$3.47M
0.86%
Sole
4.68K
Shared
0.00
None
1.10K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
MICROSOFT CORPDFND | COM | 46.10K | SH | $23.88M 5.88% | 46.01K | 0.00 | 83.00 |
ISHARES TRDFND | MSCI EAFE ETF | 161.11K | SH | $15.04M 3.70% | 155.83K | 0.00 | 5.28K |
VANGUARD INDEX FDSDFND | S&P 500 ETF SHS | 24.34K | SH | $14.90M 3.67% | 24.34K | 0.00 | 0.00 |
NVIDIA CORPORATIONDFND | COM | 69.31K | SH | $12.93M 3.18% | 68.38K | 0.00 | 931.00 |
APPLE INCDFND | COM | 42.30K | SH | $10.77M 2.65% | 42.05K | 0.00 | 250.00 |
LISTED FDS TRDFND | HORIZON KINETICS | 209.98K | SH | $9.38M 2.31% | 209.98K | 0.00 | 0.00 |
ISHARES TRDFND | CORE S&P500 ETF | 13.82K | SH | $9.25M 2.28% | 13.79K | 0.00 | 29.00 |
INVESCO EXCHANGE TRADED FD TDFND | S&P500 EQL WGT | 35.37K | SH | $6.71M 1.65% | 35.37K | 0.00 | 0.00 |
VANGUARD INDEX FDSDFND | MCAP VL IDXVIP | 38.29K | SH | $6.69M 1.65% | 37.54K | 0.00 | 754.00 |
VANGUARD INTL EQUITY INDEX FDFND | FTSE EMR MKT ETF | 114.07K | SH | $6.18M 1.52% | 112.13K | 0.00 | 1.94K |
ISHARES TRDFND | RUS MD CP GR ETF | 43.13K | SH | $6.14M 1.51% | 42.83K | 0.00 | 297.00 |
BERKSHIRE HATHAWAY INC DELDFND | CL B NEW | 11.86K | SH | $5.96M 1.47% | 6.44K | 0.00 | 5.41K |
ISHARES GOLD TRDFND | ISHARES NEW | 73.69K | SH | $5.36M 1.32% | 73.69K | 0.00 | 0.00 |
ISHARES TRDFND | CORE S&P MCP ETF | 82.14K | SH | $5.36M 1.32% | 81.89K | 0.00 | 250.00 |
BROADCOM INCDFND | COM | 14.31K | SH | $4.72M 1.16% | 13.24K | 0.00 | 1.07K |
ARISTA NETWORKS INCDFND | COM SHS | 32.01K | SH | $4.66M 1.15% | 31.61K | 0.00 | 400.00 |
NETFLIX INCDFND | COM | 3.87K | SH | $4.64M 1.14% | 3.84K | 0.00 | 35.00 |
TAIWAN SEMICONDUCTOR MFG LTDDFND | SPONSORED ADS | 16.17K | SH | $4.52M 1.11% | 15.81K | 0.00 | 355.00 |
ELI LILLY & CODFND | COM | 5.38K | SH | $4.10M 1.01% | 5.33K | 0.00 | 55.00 |
EXXON MOBIL CORPDFND | COM | 35.38K | SH | $3.99M 0.98% | 35.33K | 0.00 | 50.00 |
VANGUARD INDEX FDSDFND | SM CP VAL ETF | 18.77K | SH | $3.92M 0.96% | 18.17K | 0.00 | 595.00 |
BERKSHIRE HATHAWAY INC DELDFND | CL A | 5.00 | SH | $3.77M 0.93% | 1.00 | 0.00 | 4.00 |
ISHARES TRDFND | S&P 500 GRWT ETF | 30.16K | SH | $3.64M 0.90% | 30.16K | 0.00 | 0.00 |
VANGUARD INDEX FDSDFND | SML CP GRW ETF | 11.69K | SH | $3.48M 0.86% | 11.48K | 0.00 | 211.00 |
INVESCO QQQ TRDFND | UNIT SER 1 | 5.78K | SH | $3.47M 0.86% | 4.68K | 0.00 | 1.10K |
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