SEC Filing Summary: Hilltop Holdings Inc. (Form 13F)
Business Context and Reporting Period
Company: Hilltop Holdings Inc.
Filing Type: Form 13F Information Table (Quarterly Report of Holdings)
Reporting Period: The filing lists a period date of June 30, 2026. Note: This date appears to be a future date relative to the current calendar year; investors should verify if this is a data entry error in the source text or a specific forward-looking scenario.
Business Nature: Hilltop Holdings is an investment advisor reporting its equity holdings. The portfolio is heavily diversified across large-cap equities, exchange-traded funds (ETFs), and fixed-income securities.
Key Financial Metrics and Portfolio Composition
As a Form 13F filing, this document reports holdings rather than the company's own operating revenue or profit. Key portfolio metrics include:
- Top Equity Holdings (by Value):
- Apple Inc.: ~$30.1 million (103,990 shares)
- Alphabet Inc. (Class A & C): ~$19.2 million combined
- Amazon.com Inc.: ~$16.1 million
- Nvidia Corp: ~$14.0 million
- Microsoft Corp: ~$9.2 million
- Significant ETF Exposure:
- SPDR S&P 500 ETF Trust (SPY): ~$25.8 million (34,600 shares)
- Vanguard S&P 500 ETF (VOO): ~$14.1 million
- iShares Russell 2000 ETF (IWM): ~$8.4 million
- Energy Sector ETFs: Significant holdings in Energy Select Sector SPDR (~$8.4M) and VanEck Semiconductor ETF (~$3.2M).
- Fixed Income & Alternatives:
- Substantial holdings in Treasury ETFs (e.g., iShares 3-7 Year Treasury Bond ETF ~$7.4M) and Corporate Bond ETFs (e.g., iShares iBoxx USD High Yield ~$8.5M).
- Commodity exposure via SPDR Gold Shares (~$19.6M) and VanEck Bitcoin Strategy ETF (~$1.1M).
- Self-Holding: The firm holds 18,708 shares of its own stock (Hilltop Holdings Inc.) valued at approximately $725,496.
Material Changes and Voting Authority
The filing details voting authority for each position, categorized as Sole, Shared, or None.
- Voting Authority: The majority of positions are reported with "Sole" or "Shared" voting authority. For example, the firm holds Sole voting authority for its entire position in Apple Inc. (103,990 shares) and Alphabet Inc. (31,397 shares Class A).
- Derivatives: The filing lists Put options for Caterpillar Inc. (28,200 shares) and SPDR S&P 500 ETF Trust (34,600 shares), indicating hedging strategies or short exposure.
- Comparison: As this is a single snapshot of holdings, material changes versus the prior period cannot be calculated without the previous quarter's 13F data.
Guidance, Risks, and Contingencies
Management Commentary: Form 13F filings do not contain management commentary, earnings guidance, or forward-looking statements regarding the company's own operations.
Risks:
- Concentration Risk: Significant exposure to the Technology sector (Apple, Microsoft, Nvidia, Alphabet, Broadcom) and the Energy sector.
- Market Risk: Heavy allocation to broad market ETFs (S&P 500, Russell 2000) exposes the portfolio to general market volatility.
- Derivative Risk: The presence of Put options on major holdings suggests active risk management or bearish views on specific assets.
Investor Verification Checklist
- Verify Reporting Date: Confirm the accuracy of the "2026 Jun 30" date listed in the metadata, as it appears to be a future date.
- Check Prior Filings: Compare these holdings against the Q1 2026 (or Q4 2025) 13F to identify actual buy/sell activity.
- Assess Derivative Exposure: Investigate the intent behind the Put options on Caterpillar and the S&P 500 ETF (hedging vs. speculation).
- Review Self-Holding: Note the relatively small size of the firm's own stock holding (~$0.7M) compared to its total reported assets.
- Confirm Voting Rights: Verify if "Shared" voting authority implies co-management of specific accounts or joint ventures.