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Institutional Investment Manager
Hills Bank & Trust Co
Hills Bank & Trust Co (CIK: 0001309148), located at 590 West Forevergreen Road, North Liberty, IA. Institutional holdings reported to the SEC.

Institutional Holdings (2017Q1)
Portfolio Summary: 127 holdings with a total value of $294,587,000.
#
Name
Shares
Value ($)
%
Options
Notes
101 THERMO FISHER SCIENTIFIC INC 18,754 2,881,000 0.98%
102 ISHARES TR 48,295 2,928,000 0.99%
103 SELECT SECTOR SPDR TR 65,370 3,426,000 1.16%
104 SELECT SECTOR SPDR TR 49,813 3,482,000 1.18%
105 BECTON DICKINSON & CO 19,058 3,496,000 1.19%
106 CVS HEALTH CORP 45,870 3,601,000 1.22%
107 INTERCONTINENTAL EXCHANGE IN 69,572 4,165,000 1.41%
108 ALPHABET INC 5,114 4,242,000 1.44%
109 MCDONALDS CORP 33,560 4,350,000 1.48%
110 FASTENAL CO 86,549 4,457,000 1.51%
111 MICROSOFT CORP 68,556 4,515,000 1.53%
112 EXXON MOBIL CORP 55,523 4,553,000 1.55%
113 NIKE INC 82,021 4,571,000 1.55%
114 JPMORGAN CHASE & CO 56,644 4,976,000 1.69%
115 WELLS FARGO & CO NEW 91,725 5,106,000 1.73%
116 JOHNSON & JOHNSON 41,981 5,229,000 1.78%
117 FISERV INC 45,592 5,257,000 1.78%
118 ISHARES TR 88,558 5,516,000 1.87%
119 APPLE INC 41,268 5,929,000 2.01%
120 ILLINOIS TOOL WKS INC 45,343 6,006,000 2.04%
121 PEPSICO INC 53,909 6,030,000 2.05%
122 ISHARES TR 95,142 6,580,000 2.23%
123 HOME DEPOT INC 46,998 6,900,000 2.34%
124 PROCTER AND GAMBLE CO 98,872 8,884,000 3.02%
125 SPDR S&P MIDCAP 400 ETF TR 56,017 17,501,000 5.94%
126 FLEXSHARES IBOXX 3 Yr DURATION TIPS ETF 851,085 21,235,000 7.21%
127 SPDR S&P 500 ETF TR 214,864 50,652,000 17.19%
Page 3 of 3

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001309148-17-000005, filed 2017.04.06).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.