13F filer

Hills Bank & Trust

As of Jun 30, 2026 Filed Aug 10, 2026 CIK 1309148 SEC filings ↗

13F Value

$2.35B

Positions

383

Top Position

SPYM12.8%

Top 5

36.9%

Latest filing changes

vs Mar 31, 2026

1 FTRB Federated Hermes Total Return Bond ETF +97.5%+$69.5M

2 JPIB JPMorgan International Bond Opportunities ETF +202.9%+$41.0M

3 VEA Vanguard Developed Markets Index Fund — ETF Shares +7.1%+$11.3M

4 IBDW iShares iBonds Dec 2031 Term Corporate ETF +526.2%+$7.1M

5 VWO Vanguard Emerging Markets Stock Index Fund — ETF Shares +8.4%+$5.6M

Holdings383

#
1	SPYM State Street(R) SPDR(R) Portfolio S&P 500(R) ETF	12.8%	$299.8M	-3.8%	3.41M	13.1%	ETF
2	VEA Vanguard Developed Markets Index Fund — ETF Shares	7.3%	$171.5M	+7.1%	2.41M	7.0%	ETF
3	SPY State Str SPDR S&P 500 ETF T — Tr Unit	6.6%	$154.8M	-1.9%	207.3K	6.6%	ETF
4	FTRB Federated Hermes Total Return Bond ETF	6.0%	$140.9M	+97.5%	5.61M	3.5%	ETF
5	AVLC Avantis U.S. Large Cap Equity ETF	4.3%	$101.3M	-5.3%	1.13M	4.5%	ETF
6	SPMD State Street(R) SPDR(R) Portfolio S&P 400(TM) Mid Cap ETF	3.5%	$82.2M	-6.0%	1.22M	3.7%	ETF
7	MDY State Str SPDR S&P Midcap 40 — Utser1 S&Pdcrp	3.3%	$78.5M	-3.3%	111.6K	3.4%	ETF
8	VWO Vanguard Emerging Markets Stock Index Fund — ETF Shares	3.1%	$72.8M	+8.4%	1.22M	2.9%	ETF
9	JPIB JPMorgan International Bond Opportunities ETF	2.6%	$61.2M	+202.9%	1.27M	1.0%	ETF
10	GII State Street(R) SPDR(R) S&P(R) Global Infrastructure ETF	2.4%	$56.7M	-1.7%	749.5K	2.8%	ETF
11	NVDA NVIDIA	1.9%	$44.5M	-1.8%	222.6K	1.9%	Common Stock
12	GOOG Alphabet Class C	1.7%	$39.6M	-2.4%	112.1K	1.6%	Common Stock
13	AAPL Apple	1.5%	$36.2M	-2.6%	125.0K	1.6%	Common Stock
14	BSCQ Invesco BulletShares 2026 Corporate Bond ETF	1.2%	$29.3M	-48.7%	1.50M	2.8%	ETF
15	BSCR Invesco BulletShares 2027 Corporate Bond ETF	1.2%	$27.3M	-47.5%	1.39M	2.5%	ETF
16	VBCE Vanguard Target Maturity 2031 Corporate Bond ETF — ETF Shares	1.2%	$27.1M	NEW	358.0K	—	ETF
17	VBCF Vanguard Target Maturity 2032 Corporate Bond ETF — ETF Shares	1.1%	$26.9M	NEW	355.8K	—	ETF
18	MSFT Microsoft	1.1%	$25.9M	-1.8%	69.3K	1.3%	Common Stock
19	BSCS Invesco BulletShares 2028 Corporate Bond ETF	1.1%	$25.5M	-49.6%	1.25M	2.4%	ETF
20	GUNR Northern Trust Morningstar Global Upstream Natural Resources ETF	1.1%	$24.8M	-1.8%	503.1K	1.4%	ETF

Change compares with the prior filing. Prior % is the share of the portfolio in that filing. Trend shows the quantity held in each of the last four filings: green rose, red fell, grey unchanged.

Exited in Latest Filing17

#	Holding	Prior %	Prior Value	Change	Prior Quantity	Trend (4Q)	Type

Compared with the immediately prior published filing (Mar 31, 2026). Prior values are shown for context and are not included in current totals.