Hilltop National Bank
SEC Form 13F institutional filer · CIK 0002021658
13F-HR · 360 reported holdings · 2026-03-31
Reported long-US-equity value
$0.30B
Top-10 concentration
36.3%
Hilltop National Bank — $300M AUM allocation strategy
Hilltop National Bank files SEC Form 13F and reports $300M of long US equity value across 360 reported holdings for 2026-03-31.
Its largest sector bet is Information Technology 17.9%, followed by Financials 7.3% and Industrials 2.4%.
The top 10 holdings account for 36% of reported value — a broadly spread portfolio. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
Hilltop National Bank — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$300M
total across 360 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
36% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$F +70.3K sh · +$800K+$IVZ +16.8K sh · +$3.15M+$BAC +13.3K sh · +$565K
Biggest trims (shares)
−$FIS −17.3K sh · −$1.2M−$J −8.09K sh · −$1.07M−$PG −6.19K sh · −$875K
Exited to nil (held last quarter, gone now)
$AXON ($106K last qtr)$HUM ($83.5K last qtr)$TRGP ($69K last qtr)$APP ($64.7K last qtr)$CVNA ($56.1K last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Systems Software8.0%—
- Semiconductors5.1%—
- Asset Management & Custody Banks4.4%—
- Technology Hardware, Storage & Peripherals3.5%—
- Consumer Staples Merchandise Retail2.4%—
- Integrated Oil & Gas2.0%—
- Multi-Sector Holdings1.8%—
- Pharmaceuticals1.6%—
- Other holdings71.0%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
7 of 7 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $MSFT | Microsoft Corporation | 65.4K | $24.2M | -353 | 8.1% |
| $NVDA | NVIDIA Corporation | 66.1K | $11.5M | -798 | 3.8% |
| $AAPL | Apple Inc | 42K | $10.7M | +235 | 3.6% |
| $IVZ | Invesco Ltd | 63.1K | $8.48M | +16.8K | 2.8% |
| $XOM | ExxonMobil Holdings Corporation | 36.4K | $6.18M | +352 | 2.1% |
| $BRK.B | Berkshire Hathaway Inc.-Class B | 11.6K | $5.58M | +102 | 1.9% |
| $LLY | Eli Lilly and Company | 5.33K | $4.9M | +12 | 1.6% |
…and 353 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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