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 holdings as of September 30, 2025.
Context: This document discloses the equity securities held by Hilltop Holdings Inc. at the end of the quarter. It details the issuer, title of class, CUSIP, value, and voting authority for each position. The data is presented in two distinct blocks (likely representing different investment accounts or managers), indicated by "DFND 1,2" and "DFND 3,4" in the voting authority columns.
Key Financial Metrics and Portfolio Composition
Portfolio Overview: The filing lists hundreds of individual positions across various sectors, including Technology, Financials, Healthcare, Energy, and Consumer Staples. The portfolio includes a mix of individual equities and Exchange Traded Funds (ETFs).
Top Holdings by Value (Combined Estimates):
- Apple Inc. (AAPL): ~$80.4M (269,973 shares in one block; 45,796 in another)
- Microsoft Corp (MSFT): ~$68.5M (113,693 shares in one block; 18,558 in another)
- Amazon.com Inc (AMZN): ~$30.3M (117,924 shares in one block; 19,895 in another)
- Nvidia Corp (NVDA): ~$41.0M (190,146 shares in one block; 29,673 in another)
- Alphabet Inc (GOOG/GOOGL): Significant holdings in both Class A and Class C shares, totaling over $30M across blocks.
- Visa Inc (V): ~$21.1M (56,910 shares in one block; 4,989 in another)
- Walmart Inc (WMT): ~$12.9M (102,384 shares in one block; 22,850 in another)
ETF Exposure: The portfolio holds significant positions in major index funds, including:
- iShares Core S&P 500 ETF (IVV): ~$6.2M
- Vanguard S&P 500 ETF (VOO): ~$6.9M
- Invesco QQQ Trust (QQQ): ~$25.7M
- SPDR S&P 500 ETF Trust (SPY): ~$24.7M
Liquidity and Debt: As a Form 13F, this filing does not provide data on the company's own revenue, profit, cash flow, debt levels, or liquidity ratios. It strictly reports external equity investments.
Material Changes and Voting Authority
Voting Authority: The filing distinguishes between two sets of holdings based on voting authority:
- Block 1 (DFND 1,2): Represents positions where Hilltop likely holds sole or shared voting authority. Many positions show "Sole" voting authority.
- Block 2 (DFND 3,4): Represents positions where Hilltop likely holds "None" voting authority (e.g., held in a custodial capacity or specific fund structure).
Comparison to Prior Period: The provided text contains only the snapshot of holdings for the period ending September 30, 2025. It does not include the prior quarter's data (June 30, 2025) within this text block. Therefore, specific material changes (purchases or sales) cannot be calculated from this input alone.
Guidance, Outlook, and Risks
Management Commentary: Form 13F filings are statutory disclosures and do not contain management commentary, forward-looking guidance, or strategic outlooks.
Risks and Contingencies: No specific risks or contingencies are disclosed in this document. The standard SEC disclaimer applies: "The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete."
Unusual Items: The portfolio includes a diverse range of assets, including some speculative or high-volatility names (e.g., SoundHound AI, Microvast Holdings, Oklo Inc.) alongside blue-chip stocks. There are no explicit "unusual items" flagged in the text, though the mix of traditional equities and thematic ETFs (e.g., Uranium, Cybersecurity, AI) indicates a diversified but active investment strategy.
Key Facts for Investor Verification
- Reporting Date: Verify that the holdings reflect the portfolio status as of September 30, 2025.
- Valuation Basis: Values are reported "to the nearest dollar" based on the market price at the end of the quarter; they do not reflect current market prices.
- Scope of Holdings: This filing covers only equity securities (stocks and ETFs). It does not disclose holdings in bonds, derivatives, cash, or private equity.
- Voting Rights: Investors should note the split between positions with voting authority (DFND 1,2) and those without (DFND 3,4), which may impact proxy voting influence.
- Missing Data: This document does not provide Hilltop Holdings' own financial performance (revenue, earnings, debt). Investors must refer to the company's 10-Q or 10-K filings for that information.