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: Quarter ended December 31, 2024
Context: This filing discloses the equity securities held by Hilltop Holdings Inc. as a registered investment adviser. The data reflects the portfolio composition as of the end of the reporting period, detailing issuer names, share counts, and voting authority.
Key Financial Metrics and Portfolio Composition
Revenue, Profit, and Cash Flow: The filing text does not provide financial performance metrics (revenue, profit, cash flow) for Hilltop Holdings Inc. itself, as Form 13F is a disclosure of holdings, not an income statement.
Portfolio Highlights (Selected Holdings by Value):
- Technology: Significant positions in Microsoft Corp ($45.4M), Apple Inc ($59.5M), NVIDIA Corp ($22.6M), and Alphabet Inc ($7.5M Class C / $9.9M Class A).
- Financials: Major holdings include JPMorgan Chase & Co. ($17.9M), Visa Inc ($19.4M), and Bank of America Corp ($1.2M).
- Healthcare: Notable positions in UnitedHealth Group Inc ($8.0M), Eli Lilly & Co ($5.3M), and Merck & Co Inc ($5.1M).
- Consumer Discretionary: Holdings in Amazon.com Inc ($24.2M), Home Depot Inc ($12.2M), and Tesla Inc ($2.3M).
- Energy: Positions in Exxon Mobil Corp ($6.5M), Chevron Corp ($11.4M), and ConocoPhillips ($1.8M).
- ETFs: Extensive holdings in various ETFs including SPDR S&P 500 ETF Trust ($12.6M), iShares Core S&P 500 ETF ($3.3M), and Invesco QQQ Trust ($7.7M).
Voting Authority: The filing indicates a mix of "Sole," "Shared," and "None" voting authority across different securities, with "Discretionary" management noted for the majority of positions.
Material Changes
Comparison to Prior Period: The filing text does not provide comparative data from the prior quarter (September 30, 2024). Therefore, material changes in holdings, increases, or decreases cannot be determined from this document alone.
Guidance, Outlook, and Risks
Management Commentary: Form 13F filings do not contain management commentary, guidance, or outlook statements.
Risks and Contingencies: The filing includes a standard disclaimer stating that the SEC has not reviewed the information and has not determined if it is accurate or complete. It does not disclose specific operational risks or contingencies for Hilltop Holdings Inc.
Important Facts for Investor Verification
- Portfolio Concentration: Verify the concentration risk in top holdings such as Microsoft, Apple, and NVIDIA, which represent significant portions of the disclosed equity value.
- ETF Exposure: Confirm the extent of passive exposure through the numerous ETF holdings (e.g., SPDR, iShares, Vanguard) versus active stock picking.
- Voting Rights: Review the specific voting authority (Sole vs. Shared) for key positions to understand the firm's influence on corporate governance.
- Missing Financials: Investors seeking Hilltop Holdings' own financial health (revenue, earnings, debt) must refer to the company's 10-K or 10-Q filings, as this document only lists assets held.
- Data Accuracy: Acknowledge the SEC disclaimer that the data has not been independently verified by the Commission.