HILLTOP NATIONAL BANK

PrivateCIK: 2021658

Location

CASPER, WY

805

Positions

$468.36M

Total AUM (reported)

3.68M

Total Shares

Allocation by class

COM$238.31M50.9%

MSCI EAFE ETF$19.27M4.1%

S&P 500 ETF SHS$15.55M3.3%

HORIZON KINETICS$13.99M3.0%

CL A$11.03M2.4%

CORE S&P500 ETF$10.25M2.2%

S&P500 EQL WGT$8.09M1.7%

Portfolio Concentration

Top 3$59.27M12.7%

4–10$72.10M15.4%

11–25$83.31M17.8%

Rest$253.68M54.2%

Top 3 weight

12.7%

Top 10 weight

28.0%

Voting Authority Distribution

Total shares with voting rights: 3.68M

Sole

Full voting authority

3.49M

% of voting shares94.7%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

193.42K

% of voting shares5.3%

Investment Discretion (by position count)

Sole100

Shared0

Other705

Dominant voting typeSole · 94.7% of voting shares

Institutional Holdings805

Rows:

MICROSOFT CORP

DFND

COM

Shares65.54K

TypeSH

Market value$24.45M

5.22%

Sole

65.43K

Shared

0.00

None

111.00

ISHARES TR

DFND

MSCI EAFE ETF

Shares185.48K

TypeSH

Market value$19.27M

4.11%

Sole

181.95K

Shared

0.00

None

3.53K

VANGUARD INDEX FDS

DFND

S&P 500 ETF SHS

Shares22.64K

TypeSH

Market value$15.55M

3.32%

Sole

22.64K

Shared

0.00

None

0.00

LISTED FDS TR

DFND

HORIZON KINETICS

Shares280.39K

TypeSH

Market value$13.99M

2.99%

Sole

280.39K

Shared

0.00

None

0.00

NVIDIA CORPORATION

DFND

COM

Shares64.93K

TypeSH

Market value$12.99M

2.77%

Sole

64.27K

Shared

0.00

None

661.00

APPLE INC

DFND

COM

Shares41.07K

TypeSH

Market value$11.88M

2.54%

Sole

40.76K

Shared

0.00

None

310.00

ISHARES TR

DFND

CORE S&P500 ETF

Shares13.68K

TypeSH

Market value$10.25M

2.19%

Sole

13.65K

Shared

0.00

None

29.00

INVESCO EXCHANGE TRADED FD T

DFND

S&P500 EQL WGT

Shares38.02K

TypeSH

Market value$8.09M

1.73%

Sole

38.02K

Shared

0.00

None

0.00

VANGUARD INDEX FDS

DFND

MCAP VL IDXVIP

Shares38.89K

TypeSH

Market value$7.69M

1.64%

Sole

38.39K

Shared

0.00

None

506.00

TAIWAN SEMICONDUCTOR MANUFAC

DFND

VANGUARD INTL EQUITY INDEX F

DFND

FTSE EMR MKT ETF

Shares115.12K

TypeSH

Market value$6.87M

1.47%

Sole

113.61K

Shared

0.00

None

1.52K

ISHARES TR

DFND

CORE S&P MCP ETF

Shares84.56K

TypeSH

Market value$6.52M

1.39%

Sole

84.03K

Shared

0.00

None

533.00

MARVELL TECHNOLOGY INC

DFND

COM

Shares21.34K

TypeSH

Market value$6.36M

1.36%

Sole

20.93K

Shared

0.00

None

415.00

ISHARES TR

DFND

RUS MD CP GR ETF

Shares43.05K

TypeSH

Market value$6.30M

1.35%

Sole

43.05K

Shared

0.00

None

0.00

ELI LILLY & CO

DFND

COM

Shares5.25K

TypeSH

Market value$6.30M

1.34%

Sole

5.19K

Shared

0.00

None

57.00

SEAGATE TECHNOLOGY HLDNGS PL

DFND

ORD SHS

Shares6.09K

TypeSH

Market value$5.87M

1.25%

Sole

5.89K

Shared

0.00

None

200.00

BERKSHIRE HATHAWAY INC DEL

DFND

CL B NEW

Shares11.42K

TypeSH

Market value$5.71M

1.22%

Sole

5.99K

Shared

0.00

None

5.43K

ISHARES GOLD TR

DFND

ISHARES NEW

Shares73.86K

TypeSH

Market value$5.58M

1.19%

Sole

72.08K

Shared

0.00

None

1.78K

CORNING INC

DFND

COM

Shares19.77K

TypeSH

Market value$5.05M

1.08%

Sole

17.98K

Shared

0.00

None

1.79K

VANGUARD INDEX FDS

DFND

SM CP VAL ETF

Shares20.70K

TypeSH

Market value$5.03M

1.07%

Sole

20.20K

Shared

0.00

None

495.00

ARISTA NETWORKS INC

DFND

COM SHS

Shares28.96K

TypeSH

Market value$4.92M

1.05%

Sole

28.56K

Shared

0.00

None

400.00

EXXON MOBIL CORP

DFND

COM

Shares34.72K

TypeSH

Market value$4.75M

1.01%

Sole

34.67K

Shared

0.00

None

50.00

VANGUARD INDEX FDS

DFND

SML CP GRW ETF

Shares12.96K

TypeSH

Market value$4.74M

1.01%

Sole

12.74K

Shared

0.00

None

211.00

BROADCOM INC

DFND

COM

Shares12.38K

TypeSH

Market value$4.67M

1.00%

Sole

11.67K

Shared

0.00

None

705.00

QUANTA SVCS INC

DFND

COM

Shares6.43K

TypeSH

Market value$4.63M

0.99%

Sole

6.33K

Shared

0.00

None

105.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
MICROSOFT CORPDFND	COM	65.54K	SH	$24.45M 5.22%	65.43K	111.00
ISHARES TRDFND	MSCI EAFE ETF	185.48K	SH	$19.27M 4.11%	181.95K	3.53K
VANGUARD INDEX FDSDFND	S&P 500 ETF SHS	22.64K	SH	$15.55M 3.32%	22.64K	0.00
LISTED FDS TRDFND	HORIZON KINETICS	280.39K	SH	$13.99M 2.99%	280.39K	0.00
NVIDIA CORPORATIONDFND	COM	64.93K	SH	$12.99M 2.77%	64.27K	661.00
APPLE INCDFND	COM	41.07K	SH	$11.88M 2.54%	40.76K	310.00
ISHARES TRDFND	CORE S&P500 ETF	13.68K	SH	$10.25M 2.19%	13.65K	29.00
INVESCO EXCHANGE TRADED FD TDFND	S&P500 EQL WGT	38.02K	SH	$8.09M 1.73%	38.02K	0.00
VANGUARD INDEX FDSDFND	MCAP VL IDXVIP	38.89K	SH	$7.69M 1.64%	38.39K	506.00
TAIWAN SEMICONDUCTOR MANUFACDFND	SPONSORED ADS	15.12K	SH	$7.22M 1.54%	14.88K	235.00
VANGUARD INTL EQUITY INDEX FDFND	FTSE EMR MKT ETF	115.12K	SH	$6.87M 1.47%	113.61K	1.52K
ISHARES TRDFND	CORE S&P MCP ETF	84.56K	SH	$6.52M 1.39%	84.03K	533.00
MARVELL TECHNOLOGY INCDFND	COM	21.34K	SH	$6.36M 1.36%	20.93K	415.00
ISHARES TRDFND	RUS MD CP GR ETF	43.05K	SH	$6.30M 1.35%	43.05K	0.00
ELI LILLY & CODFND	COM	5.25K	SH	$6.30M 1.34%	5.19K	57.00
SEAGATE TECHNOLOGY HLDNGS PLDFND	ORD SHS	6.09K	SH	$5.87M 1.25%	5.89K	200.00
BERKSHIRE HATHAWAY INC DELDFND	CL B NEW	11.42K	SH	$5.71M 1.22%	5.99K	5.43K
ISHARES GOLD TRDFND	ISHARES NEW	73.86K	SH	$5.58M 1.19%	72.08K	1.78K
CORNING INCDFND	COM	19.77K	SH	$5.05M 1.08%	17.98K	1.79K
VANGUARD INDEX FDSDFND	SM CP VAL ETF	20.70K	SH	$5.03M 1.07%	20.20K	495.00
ARISTA NETWORKS INCDFND	COM SHS	28.96K	SH	$4.92M 1.05%	28.56K	400.00
EXXON MOBIL CORPDFND	COM	34.72K	SH	$4.75M 1.01%	34.67K	50.00
VANGUARD INDEX FDSDFND	SML CP GRW ETF	12.96K	SH	$4.74M 1.01%	12.74K	211.00
BROADCOM INCDFND	COM	12.38K	SH	$4.67M 1.00%	11.67K	705.00
QUANTA SVCS INCDFND	COM	6.43K	SH	$4.63M 0.99%	6.33K	105.00

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