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Hillman Value Fund

Hillman Capital Management

Value fund

$138.2M

Portfolio Value

54

Holdings

Q2 '26

Period

2026-08-14

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

CVSREDUCED
4.2% of portfolio
-18% shares+0.8pp
BIIBREDUCED
3.8% of portfolio
-19% shares
DDNEW
3.7% of portfolio
New position
WBDREDUCED
3.7% of portfolio
-3% shares-0.1pp
BAXREDUCED
3.6% of portfolio
-5% shares+0.8pp
IFFREDUCED
3.6% of portfolio
-14% shares-0.1pp
GSKREDUCED
3.5% of portfolio
-5% shares-0.2pp
KMXINCREASED
3.5% of portfolio
-16% shares+0.3pp
BA-PAREDUCED
3.4% of portfolio
-3% shares+0.3pp
ZBHREDUCED
3.4% of portfolio
-3% shares-0.1pp
KHCREDUCED
3.4% of portfolio
-2% shares+0.2pp
BF-BREDUCED
3.3% of portfolio
-2% shares+0.1pp
PFEREDUCED
3.0% of portfolio
-7% shares-0.6pp
ELREDUCED
2.9% of portfolio
-4% shares+0.3pp
FISVREDUCED
2.8% of portfolio
-3% shares-0.3pp
MSFTREDUCED
2.8% of portfolio
-5% shares
CPBREDUCED
2.6% of portfolio
-3% shares+0.0pp
ADBEINCREASED
2.6% of portfolio
+7% shares-0.2pp
EFAINCREASED
2.4% of portfolio
+3% shares+0.3pp
NKEINCREASED
2.3% of portfolio
+0% shares-0.5pp
TSMREDUCED
1.9% of portfolio
-30% shares+0.1pp
BMYREDUCED
1.9% of portfolio
-15% shares-0.3pp
WSTREDUCED
1.8% of portfolio
-20% shares+0.3pp
USBREDUCED
1.8% of portfolio
-21% shares-0.1pp
VEEVNEW
1.8% of portfolio
New position
CMCSAREDUCED
1.8% of portfolio
+6% shares-0.1pp
DISINCREASED
1.8% of portfolio
+3% shares+0.1pp
CAGINCREASED
1.8% of portfolio
+22% shares+0.1pp
VZREDUCED
1.8% of portfolio
-12% shares-0.5pp
BDXINCREASED
1.7% of portfolio
+7% shares+0.1pp
UNHREDUCED
1.6% of portfolio
-27% shares+0.2pp
DEOREDUCED
1.6% of portfolio
-0% shares+0.2pp
STZREDUCED
1.6% of portfolio
-17% shares-0.4pp
CRMINCREASED
1.5% of portfolio
+25% shares+0.1pp
EFXREDUCED
1.4% of portfolio
-7% shares-0.3pp
AKAMREDUCED
1.4% of portfolio
-28% shares-0.4pp
ORCLREDUCED
1.2% of portfolio
-29% shares-0.4pp
IVVINCREASED
0.9% of portfolio
+27% shares+0.3pp
MDTINCREASED
0.3% of portfolio
+56% shares+0.1pp
TROWINCREASED
0.3% of portfolio
-86% shares-1.3pp
APDREDUCED
0.3% of portfolio
-2% shares
ACNNEW
0.3% of portfolio
New position
TMOINCREASED
0.3% of portfolio
+14% shares+0.0pp
RTXREDUCED
0.3% of portfolio
-2% shares
GOOGREDUCED
0.3% of portfolio
-9% shares+0.0pp
NOWINCREASED
0.2% of portfolio
+1% shares
CLXREDUCED
0.2% of portfolio
-1% shares-0.0pp
BLKREDUCED
0.2% of portfolio
-1% shares
INTUREDUCED
0.2% of portfolio
+26% shares-0.1pp
CSGPREDUCED
0.2% of portfolio
+26% shares-0.0pp
IWRREDUCED
0.2% of portfolio
-18% shares
GOOGLREDUCED
<0.1% of portfolio
-33% shares
DDSOLD
was 3.7%
Sold out position
Filing price: $45.80
GESOLD
was 0.3%
Sold out position
Filing price: $283.77
SPLGSOLD
was 0.2%
Sold out position
Filing price: $76.54
IGOVSOLD
was 0.2%
Sold out position
Filing price: $41.06
BWXSOLD
was 0.2%
Sold out position
Filing price: $21.95

Sold Out (5)

SOLDDDDUPONT DE NEMOURS INCwas 3.75%@$45.80
SOLDGEGE AEROSPACEwas 0.25%@$283.77
SOLDIGOVISHARES TRwas 0.16%@$41.06
SOLDBWXSPDR SERIES TRUSTwas 0.16%@$21.95
SOLDSPLGSPDR SERIES TRUSTwas 0.24%@$76.54

📊 Sector Breakdown

Portfolio allocation by sector

Unknown 30.4%Healthcare 20.2%Consumer Staples 12.5%Technology 10.8%Communication Services 9.0%+4 more (17.1%)

💼 Holdings

🔍

54 of 54 positions · $138.2M

This quarter: 3 new positions, increased 13, reduced 36, sold 5. Net seller.

CVSREDUCED
4.2%
4.2% of portfolio (was 3.4%, trimmed)
Filed ~$103
—📄
BIIBREDUCED
3.8%
3.8% of portfolio (was 3.8%, trimmed)
Filed ~$216
—📄
DDNEW
3.7%
3.7% of portfolio (new position)
Filed ~$136
—📄
WBDREDUCED
3.7%
3.7% of portfolio (was 3.7%, trimmed)
Filed ~$27
—📄
BAXREDUCED
3.6%
3.6% of portfolio (was 2.9%, trimmed)
Filed ~$21
—📄
IFFREDUCED
3.6%
3.6% of portfolio (was 3.7%, trimmed)
Filed ~$79
—📄
GSKREDUCED
3.5%
3.5% of portfolio (was 3.7%, trimmed)
Filed ~$52
—📄
KMXINCREASED
3.5%
3.5% of portfolio (was 3.2%, added)
Filed ~$53
—📄
BA-PAREDUCED
3.4%
3.4% of portfolio (was 3.1%, trimmed)
Filed ~$216
—📄
ZBHREDUCED
3.4%
3.4% of portfolio (was 3.5%, trimmed)
Filed ~$86
—📄
KHCREDUCED
3.4%
3.4% of portfolio (was 3.1%, trimmed)
Filed ~$24
—📄
BF-BREDUCED
3.3%
3.3% of portfolio (was 3.2%, trimmed)
Filed ~$27
—📄
PFEREDUCED
3.0%
3.0% of portfolio (was 3.7%, trimmed)
Filed ~$24
—📄
ELREDUCED
2.9%
2.9% of portfolio (was 2.6%, trimmed)
Filed ~$79
—📄
FISVREDUCED
2.8%
2.8% of portfolio (was 3.1%, trimmed)
Filed ~$49
—📄
MSFTREDUCED
2.8%
2.8% of portfolio (was 2.8%, trimmed)
Filed ~$373
—📄
CPBREDUCED
2.6%
2.6% of portfolio (was 2.6%, trimmed)
Filed ~$22
—📄
ADBEINCREASED
2.6%
2.6% of portfolio (was 2.7%, added)
Filed ~$205
—📄
EFAINCREASED
2.4%
2.4% of portfolio (was 2.1%, added)
Filed ~$104
—📄
NKEINCREASED
2.3%
2.3% of portfolio (was 2.9%, added)
Filed ~$41
—📄
TSMREDUCED
1.9%
1.9% of portfolio (was 1.9%, trimmed)
Filed ~$478
—📄
BMYREDUCED
1.9%
1.9% of portfolio (was 2.2%, trimmed)
Filed ~$58
—📄
WSTREDUCED
1.8%
1.8% of portfolio (was 1.6%, trimmed)
Filed ~$359
—📄
USBREDUCED
1.8%
1.8% of portfolio (was 1.9%, trimmed)
Filed ~$60
—📄
VEEVNEW
1.8%
1.8% of portfolio (new position)
Filed ~$177
—📄
1–25 of 54

🚫 Sold Out (5 positions)

SOLDDDDUPONT DE NEMOURS INCwas 3.75%@$45.80117901 shares · $5.4M
SOLDGEGE AEROSPACEwas 0.25%@$283.771282 shares · $364K
SOLDIGOVISHARES TRwas 0.16%@$41.065608 shares · $230K
SOLDBWXSPDR SERIES TRUSTwas 0.16%@$21.9510384 shares · $228K
SOLDSPLGSPDR SERIES TRUSTwas 0.24%@$76.544444 shares · $340K