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Hillman Value Fund

Hillman Capital Management

Value fund

$144.0M

Portfolio Value

56

Holdings

Q1 '26

Period

2026-05-15

Filed

📉

Simulated 13F Return

⚠️ Approximation

Total Return

+5.06%

Q1 '24 → Q4 '25

Annualized

+2.86%/yr

S&P: +7.61%/yr

Alpha (vs S&P)

-8.66%

7 quarters tracked

1-Year Return

+7.17%

α -6.54%

⚠️ Approximation only. 13F filings are delayed ~45 days. Options, shorts, and intra-quarter trades not captured.

📈 Recent Activity

Changes from previous quarter

BIIBREDUCED
3.8% of portfolio
-3% shares+0.4pp
DDREDUCED
3.7% of portfolio
-12% shares+0.4pp
WBDREDUCED
3.7% of portfolio
-9% shares-0.1pp
GSKINCREASED
3.7% of portfolio
-15% shares+0.2pp
IFFREDUCED
3.7% of portfolio
-4% shares+0.4pp
PFEINCREASED
3.7% of portfolio
+7% shares+0.9pp
ZBHINCREASED
3.5% of portfolio
+21% shares+0.9pp
CVSREDUCED
3.4% of portfolio
-6% shares-0.2pp
BF-BINCREASED
3.2% of portfolio
+19% shares+0.8pp
KMXREDUCED
3.2% of portfolio
-2% shares+0.5pp
KHCINCREASED
3.1% of portfolio
+14% shares+0.4pp
FISVINCREASED
3.1% of portfolio
+110% shares+1.5pp
BA-PAREDUCED
3.1% of portfolio
-12% shares-0.4pp
BAXINCREASED
2.9% of portfolio
+17% shares+0.3pp
NKEINCREASED
2.9% of portfolio
+14% shares+0.1pp
MSFTINCREASED
2.8% of portfolio
+2% shares-0.4pp
ADBEREDUCED
2.7% of portfolio
+123% shares+1.1pp
ELREDUCED
2.6% of portfolio
-5% shares-1.0pp
CPBINCREASED
2.6% of portfolio
+18% shares+0.1pp
VZREDUCED
2.3% of portfolio
-0% shares+0.6pp
BMYREDUCED
2.2% of portfolio
-2% shares+0.4pp
EFAINCREASED
2.1% of portfolio
+8% shares+0.4pp
STZINCREASED
2.0% of portfolio
+4% shares+0.4pp
CMCSAINCREASED
1.9% of portfolio
+5% shares+0.2pp
USBREDUCED
1.9% of portfolio
-1% shares+0.1pp
TSMREDUCED
1.9% of portfolio
-16% shares+0.1pp
AKAMREDUCED
1.8% of portfolio
-29% shares+0.1pp
EFXINCREASED
1.7% of portfolio
+22% shares+0.2pp
DISINCREASED
1.6% of portfolio
+0% shares-0.1pp
ORCLNEW
1.6% of portfolio
New position
TROWINCREASED
1.6% of portfolio
+1% shares-0.0pp
CAGINCREASED
1.6% of portfolio
+6% shares+0.1pp
BDXREDUCED
1.6% of portfolio
-0% shares-0.2pp
HSYREDUCED
1.5% of portfolio
-20% shares
UPSREDUCED
1.5% of portfolio
-9% shares-0.0pp
DEOINCREASED
1.4% of portfolio
+7% shares+0.0pp
CRMINCREASED
1.4% of portfolio
+5% shares-0.3pp
UNHREDUCED
1.4% of portfolio
-4% shares-0.2pp
IVVINCREASED
0.6% of portfolio
+22% shares+0.1pp
INTUNEW
0.3% of portfolio
New position
APDREDUCED
0.3% of portfolio
-2% shares+0.1pp
RTXREDUCED
0.3% of portfolio
-12% shares
CLXNEW
0.3% of portfolio
New position
GEREDUCED
0.3% of portfolio
-2% shares
NOWNEW
0.2% of portfolio
New position
CSGPNEW
0.2% of portfolio
New position
SPLGINCREASED
0.2% of portfolio
+2% shares+0.0pp
BLKINCREASED
0.2% of portfolio
+4% shares
GOOGREDUCED
0.2% of portfolio
-2% shares
TMOINCREASED
0.2% of portfolio
+3% shares
MDTREDUCED
0.2% of portfolio
-2% shares
IWRINCREASED
0.2% of portfolio
+1% shares+0.0pp
IGOVNEW
0.2% of portfolio
New position
BWXREDUCED
0.2% of portfolio
+66% shares+0.1pp
ASMLFSOLD
was 3.7%
Sold out position
Filing price: $1069.86
BUDFFSOLD
was 3.3%
Sold out position
Filing price: $64.04
SPYSOLD
was 2.9%
Sold out position
Filing price: $681.92
NUESOLD
was 0.3%
Sold out position
Filing price: $163.11
MCHPPSOLD
was 0.3%
Sold out position
Filing price: $63.72
XOMSOLD
was 0.2%
Sold out position
Filing price: $120.34

Sold Out (6)

SOLDBUDFFANHEUSER BUSCH INBEV SA/NVwas 3.33%@$64.04
SOLDASMLFASML HOLDING N Vwas 3.71%@$1069.86
SOLDXOMEXXON MOBIL CORPwas 0.24%@$120.34
SOLDMCHPPMICROCHIP TECHNOLOGY INC.was 0.27%@$63.72
SOLDNUENUCOR CORPwas 0.28%@$163.11
SOLDSPYSPDR S&P 500 ETFwas 2.86%@$681.92

📊 Sector Breakdown

Portfolio allocation by sector

Unknown 29.4%Healthcare 18.4%Consumer Staples 12.5%Technology 11.2%Communication Services 9.6%+4 more (18.9%)

💼 Holdings

🔍

56 of 56 positions · $144.0M

This quarter: 6 new positions, increased 24, reduced 24, sold 6. Balanced activity.

BIIBREDUCED
3.8%
3.8% of portfolio (was 3.4%, trimmed)
Filed ~$183
—📄
DDREDUCED
3.7%
3.7% of portfolio (was 3.4%, trimmed)
Filed ~$46
—📄
WBDREDUCED
3.7%
3.7% of portfolio (was 3.9%, trimmed)
Filed ~$27
—📄
GSKINCREASED
3.7%
3.7% of portfolio (was 3.5%, added)
Filed ~$55
—📄
IFFREDUCED
3.7%
3.7% of portfolio (was 3.2%, trimmed)
Filed ~$73
—📄
PFEINCREASED
3.7%
3.7% of portfolio (was 2.7%, added)
Filed ~$28
—📄
ZBHINCREASED
3.5%
3.5% of portfolio (was 2.6%, added)
Filed ~$90
—📄
CVSREDUCED
3.4%
3.4% of portfolio (was 3.6%, trimmed)
Filed ~$72
—📄
BF-BINCREASED
3.2%
3.2% of portfolio (was 2.4%, added)
Filed ~$26
—📄
KMXREDUCED
3.2%
3.2% of portfolio (was 2.7%, trimmed)
Filed ~$42
—📄
KHCINCREASED
3.1%
3.1% of portfolio (was 2.7%, added)
Filed ~$22
—📄
FISVINCREASED
3.1%
3.1% of portfolio (was 1.6%, added)
Filed ~$56
—📄
BA-PAREDUCED
3.1%
3.1% of portfolio (was 3.5%, trimmed)
Filed ~$199
—📄
BAXINCREASED
2.9%
2.9% of portfolio (was 2.5%, added)
Filed ~$17
—📄
NKEINCREASED
2.9%
2.9% of portfolio (was 2.7%, added)
Filed ~$53
—📄
MSFTINCREASED
2.8%
2.8% of portfolio (was 3.2%, added)
Filed ~$370
—📄
ADBEREDUCED
2.7%
2.7% of portfolio (was 1.6%, trimmed)
Filed ~$243
—📄
ELREDUCED
2.6%
2.6% of portfolio (was 3.6%, trimmed)
Filed ~$72
—📄
CPBINCREASED
2.6%
2.6% of portfolio (was 2.5%, added)
Filed ~$22
—📄
VZREDUCED
2.3%
2.3% of portfolio (was 1.7%, trimmed)
Filed ~$50
—📄
BMYREDUCED
2.2%
2.2% of portfolio (was 1.8%, trimmed)
Filed ~$61
—📄
EFAINCREASED
2.1%
2.1% of portfolio (was 1.7%, added)
Filed ~$97
—📄
STZINCREASED
2.0%
2.0% of portfolio (was 1.6%, added)
Filed ~$150
—📄
CMCSAINCREASED
1.9%
1.9% of portfolio (was 1.7%, added)
Filed ~$29
—📄
USBREDUCED
1.9%
1.9% of portfolio (was 1.8%, trimmed)
Filed ~$52
—📄
1–25 of 56

🚫 Sold Out (6 positions)

SOLDBUDFFANHEUSER BUSCH INBEV SA/NVwas 3.33%@$64.0482631 shares · $5.3M
SOLDASMLFASML HOLDING N Vwas 3.71%@$1069.865510 shares · $5.9M
SOLDXOMEXXON MOBIL CORPwas 0.24%@$120.343132 shares · $377K
SOLDMCHPPMICROCHIP TECHNOLOGY INC.was 0.27%@$63.726646 shares · $423K
SOLDNUENUCOR CORPwas 0.28%@$163.112703 shares · $441K
SOLDSPYSPDR S&P 500 ETFwas 2.86%@$681.926676 shares · $4.6M