Hilltop Holdings Discloses $4.8M AbbVie, $1.7M 3M Stakes in 13F

Ticker: HTH · Form: 13F-HR · Filed: 2024-02-12T00:00:00.000Z

Sentiment: neutral

Topics: institutional-holdings, portfolio-disclosure, equity-investments

Related Tickers: ABBV, MMM, AMD, AFL

TL;DR

**Hilltop Holdings' 13F shows a diversified portfolio with notable stakes in pharma and industrials.**

AI Summary

Hilltop Holdings Inc. (NYSE: HTH) filed its 13F-HR on February 12, 2024, revealing its equity holdings as of December 31, 2023. The filing shows a diverse portfolio, including significant positions in companies like AbbVie Inc. with 31,119 shares valued at approximately $4.8 million, and 3M Co. with 15,473 shares valued at about $1.7 million. This matters to investors because it provides transparency into Hilltop's investment strategy and the types of assets it holds, which can influence its overall financial performance and stability.

Why It Matters

This filing offers a look into Hilltop Holdings' investment strategy, showing which stocks they are holding and in what quantities, which can signal their market outlook and potential future performance.

Risk Assessment

Risk Level: medium — The diversified nature of the holdings mitigates some risk, but market fluctuations in these specific holdings could still impact Hilltop's overall financial health.

Analyst Insight

Investors should review Hilltop Holdings' future 13F filings to track changes in their portfolio, especially in their larger holdings like AbbVie and 3M, to understand shifts in their investment strategy and market outlook.

Key Numbers

20231231 — Conformed Period of Report (The date for which the reported holdings are accurate.)
31,119 — Total shares of AbbVie Inc. (Represents a significant investment in the pharmaceutical sector.)
15,473 — Total shares of 3M Co. (Represents a notable investment in the industrial sector.)
0001265131 — Central Index Key (CIK) (Unique identifier for Hilltop Holdings Inc. with the SEC.)
20240212 — Filed As Of Date (The date the 13F-HR filing was submitted to the SEC.)

Key Players & Entities

Hilltop Holdings Inc. (company) — the filer of the 13F-HR
Corey G. Prestidge (person) — Executive Vice President, General Counsel and Secretary of Hilltop Holdings Inc.
AbbVie Inc. (company) — a significant holding in Hilltop's portfolio
3M Co. (company) — a significant holding in Hilltop's portfolio
$4.8 million (dollar_amount) — approximate value of AbbVie Inc. shares held by Hilltop Holdings Inc.
$1.7 million (dollar_amount) — approximate value of 3M Co. shares held by Hilltop Holdings Inc.

Forward-Looking Statements

Hilltop Holdings will continue to maintain a diversified portfolio with a focus on established companies. (Hilltop Holdings Inc.) — high confidence, target: 2024-09-30
The value of their AbbVie Inc. holdings will fluctuate with pharmaceutical market trends. (AbbVie Inc.) — medium confidence, target: 2024-06-30

FAQ

What was the total number of shares Hilltop Holdings Inc. held in AbbVie Inc. as of December 31, 2023?

As of December 31, 2023, Hilltop Holdings Inc. held a total of 31,119 shares in AbbVie Inc. (10,900 shares DFND 1,2 and 20,219 shares DFND 3,4).

What was the total number of shares Hilltop Holdings Inc. held in 3M Co. as of December 31, 2023?

As of December 31, 2023, Hilltop Holdings Inc. held a total of 15,473 shares in 3M Co. (9,458 shares DFND 1,2 and 6,015 shares DFND 3,4).

Who signed the 13F-HR filing on behalf of Hilltop Holdings Inc. and when?

The 13F-HR filing was signed by Corey G. Prestidge, Executive Vice President, General Counsel and Secretary, on February 9, 2024, in Dallas, TX.

What is the business address of Hilltop Holdings Inc. as stated in the filing?

The business address of Hilltop Holdings Inc. is 6565 Hillcrest Ave., Dallas, TX 75205.

What was the total number of shares Hilltop Holdings Inc. held in Advanced Micro Devices Inc. as of December 31, 2023?

As of December 31, 2023, Hilltop Holdings Inc. held a total of 9,320 shares in Advanced Micro Devices Inc. (4,998 shares DFND 1,2 and 4,322 shares DFND 3,4).

From the Filing

0001104659-24-013492.txt : 20240212 0001104659-24-013492.hdr.sgml : 20240212 20240209190016 ACCESSION NUMBER: 0001104659-24-013492 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240212 DATE AS OF CHANGE: 20240209 EFFECTIVENESS DATE: 20240212 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Hilltop Holdings Inc. CENTRAL INDEX KEY: 0001265131 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] ORGANIZATION NAME: 02 Finance IRS NUMBER: 841477939 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-15359 FILM NUMBER: 24616964 BUSINESS ADDRESS: STREET 1: 6565 HILLCREST AVE. CITY: DALLAS STATE: TX ZIP: 75205 BUSINESS PHONE: 214.855.2177 MAIL ADDRESS: STREET 1: 6565 HILLCREST AVE. CITY: DALLAS STATE: TX ZIP: 75205 FORMER COMPANY: FORMER CONFORMED NAME: AFFORDABLE RESIDENTIAL COMMUNITIES INC DATE OF NAME CHANGE: 20030929 13F-HR 1 primary_doc.xml X0202 13F-HR LIVE false false false 0001265131 XXXXXXXX 12-31-2023 12-31-2023 false Hilltop Holdings Inc. 6565 Hillcrest Ave. Dallas TX 75205 13F HOLDINGS REPORT 028-15359 N Corey G. Prestidge Executive Vice President, General Counsel and Secretary 214-855-2177 /s/ Corey G. Prestidge Dallas TX 02-09-2024 4 934 882109627 1 0001569620 028-15365 PlainsCapital Corp 2 0001534401 028-15369 PlainsCapital Bank 3 0000878520 028-18782 Hilltop Securities Holdings LLC 4 0000891055 028-18780 000006220 801-55529 HILLTOP SECURITIES INC. INFORMATION TABLE 2 infotable.xml 3M CO COM 88579Y101 1033949 9458 SH DFND 1,2 9278 0 180 3M CO COM 88579Y101 657510 6015 SH DFND 3,4 0 0 6015 ABBOTT LABS COM 002824100 353875 3215 SH DFND 1,2 3002 0 213 ABBOTT LABS COM 002824100 617217 5608 SH DFND 3,4 0 0 5608 ABBVIE INC COM 00287Y109 1689173 10900 SH DFND 1,2 9614 75 1211 ABBVIE INC COM 00287Y109 3133284 20219 SH DFND 3,4 0 0 20219 ABRDN GOLD ETF TRUST PHYSCL GOLD SHS 00326A104 795561 40302 SH DFND 3,4 0 0 40302 ACCENTURE PLC IRELAND SHS CLASS A G1151C101 483554 1378 SH DFND 1,2 1227 0 151 ACCENTURE PLC IRELAND SHS CLASS A G1151C101 237215 676 SH DFND 3,4 0 0 676 ADOBE INC COM 00724F101 1352492 2267 SH DFND 1,2 1913 0 354 ADOBE INC COM 00724F101 852541 1429 SH DFND 3,4 0 0 1429 ADVANCED MICRO DEVICES INC COM 007903107 736755 4998 SH DFND 1,2 4998 0 0 ADVANCED MICRO DEVICES INC COM 007903107 637106 4322 SH DFND 3,4 0 0 4322 AFFIRM HLDGS INC COM CL A 00827B106 2132922 43405 SH DFND 3,4 0 0 43405 AFLAC INC COM 001055102 69795 846 SH DFND 1,2 846 0 0 AFLAC INC COM 001055102 399465 4842 SH DFND 3,4 0 0 4842 AGCO CORP COM 001084102 541246 4458 SH DFND 1,2 2760 0 1698 AGILENT TECHNOLOGIES INC COM 00846U101 191166 1375 SH DFND 1,2 0 0 1375 AGILENT TECHNOLOGIES INC COM 00846U101 13903 100 SH DFND 3,4 0 0 100 AGNICO EAGLE MINES LTD COM 008474108 215890 3936 SH DFND 1,2 3936 0 0 AGNICO EAGLE MINES LTD COM 008474108 1312890 23936 SH DFND 3,4 0 0 23936 AIR PRODS & CHEMS INC COM 009158106 472853 1727 SH DFND 1,2 1604 0 123 AIR PRODS & CHEMS INC COM 009158106 214659 784 SH DFND 3,4 0 0 784 ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 78828 1017 SH DFND 1,2 1017 0 0 ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 139285 1797 SH DFND 3,4 0 0 1797 ALLSTATE CORP COM 020002101 179594 1283 SH DFND 1,2 1184 0 99 ALLSTATE CORP COM 020002101 139140 994 SH DFND 3,4 0 0 994 ALLY FINL INC COM 02005N100 589834 16891 SH DFND 1,2 16891 0 0 ALLY FINL INC COM 02005N100 31428 900 SH DFND 3,4 0 0 900 ALPHABET INC CAP STK CL C 02079K107 1789529 12698 SH DFND 1,2 10007 0 2691 ALPHABET INC CAP STK CL C 02079K107 2742357 19459 SH DFND 3,4 0 0 19459 ALPHABET INC CAP STK CL A 02079K305 3471436 24851 SH DFND 1,2 24201 0 650 ALPHABET INC CAP STK CL A 02079K305 4973243 35602 SH DFND 3,4 0 0 35602 ALPS ETF TR ALERIAN MLP 00162Q452 963631 22663 SH DFND 1,2 22663 0 0 ALPS ETF TR ALERIAN MLP 00162Q452 1033392 24304 SH DFND 3,4 0 0 24304 ALTRIA GROUP INC COM 02209S103 1087728 26964 SH DFND 1,2 26433 0 531 ALTRIA GROUP INC CO