# Hillman Value Fund — Hillman Capital Management

Source: SEC EDGAR 13F filings (CIK 0001314620).
Page URL: https://superinvestorclub.com/manager/95
Last updated: 2026-07-07T11:35:37.475Z

## Summary

As of the 2026-03-31 reporting period (filed 2026-05-15), Hillman Value Fund reported 56 long equity positions in their Hillman Capital Management 13F filing, with a total reported value of $144.0M.

### About

Value fund

## Top 25 holdings

| Rank | Ticker | Company | Shares | Value | % of Portfolio | Change |
|------|--------|---------|--------|-------|----------------|--------|
| 1 | BIIB | BIOGEN INC | 29540 | $5.4M | 3.76% | -3.2% |
| 2 | DD | DUPONT DE NEMOURS INC | 117901 | $5.4M | 3.75% | -11.5% |
| 3 | WBD | WARNER BROS DISCOVERY INC | 196309 | $5.4M | 3.74% | -8.5% |
| 4 | GSK | GSK plc | 97432 | $5.4M | 3.73% | +-14.8% |
| 5 | IFF | INTERNATIONAL FLAVORS&FRAGRA | 72773 | $5.3M | 3.67% | -4.3% |
| 6 | PFE | PFIZER INC | 187937 | $5.3M | 3.66% | +7.2% |
| 7 | ZBH | ZIMMER BIOMET HOLDINGS INC | 55700 | $5.0M | 3.50% | +21.2% |
| 8 | CVS | CVS HEALTH CORP | 67462 | $4.8M | 3.36% | -5.9% |
| 9 | BF-B | BROWN FORMAN CORP | 176437 | $4.7M | 3.24% | +19.2% |
| 10 | KMX | CARMAX INC | 109181 | $4.5M | 3.15% | -1.7% |
| 11 | KHC | KRAFT HEINZ CO | 201140 | $4.5M | 3.14% | +13.8% |
| 12 | FISV | FISERV INC | 80728 | $4.5M | 3.13% | +110.4% |
| 13 | BA-PA | BOEING CO | 22326 | $4.4M | 3.09% | -12.2% |
| 14 | BAX | BAXTER INTL INC | 247320 | $4.2M | 2.89% | +16.9% |
| 15 | NKE | NIKE INC | 77906 | $4.1M | 2.86% | +14.3% |
| 16 | MSFT | MICROSOFT CORP | 10828 | $4.0M | 2.78% | +2.3% |
| 17 | ADBE | ADOBE INC | 16200 | $3.9M | 2.73% | 122.9% |
| 18 | EL | LAUDER ESTEE COS INC | 52172 | $3.7M | 2.60% | -4.8% |
| 19 | CPB | THE CAMPBELLS COMPANY | 166178 | $3.7M | 2.57% | +18.1% |
| 20 | VZ | VERIZON COMMUNICATIONS INC | 64998 | $3.3M | 2.27% | -0.3% |
| 21 | BMY | Bristol-Myers Squibb | 53102 | $3.2M | 2.24% | -1.6% |
| 22 | EFA | iShares MSCI EAFE ETF | 30854 | $3.0M | 2.08% | +8.0% |
| 23 | STZ | CONSTELLATION BRANDS INC | 18795 | $2.8M | 1.96% | +4.3% |
| 24 | CMCSA | Comcast Corporation | 95228 | $2.7M | 1.90% | +4.8% |
| 25 | USB | US BANCORP | 52528 | $2.7M | 1.90% | -1.4% |

## New positions this quarter (6)

- ORCL (ORACLE CORP): 16109 shares, $2.4M
- INTU (INTUIT): 957 shares, $413,788
- CLX (CLOROX CO DEL): 3555 shares, $368,405
- NOW (SERVICENOW INC): 3377 shares, $353,065
- CSGP (COSTAR GROUP INC): 8557 shares, $345,189
- IGOV (ISHARES TR): 5608 shares, $230,264

## Increased positions (24)

- GSK: 97432 shares (-14.8%), $5.4M
- PFE: 187937 shares (+7.2%), $5.3M
- ZBH: 55700 shares (+21.2%), $5.0M
- BF-B: 176437 shares (+19.2%), $4.7M
- KHC: 201140 shares (+13.8%), $4.5M
- FISV: 80728 shares (+110.4%), $4.5M
- BAX: 247320 shares (+16.9%), $4.2M
- NKE: 77906 shares (+14.3%), $4.1M
- MSFT: 10828 shares (+2.3%), $4.0M
- CPB: 166178 shares (+18.1%), $3.7M
- EFA: 30854 shares (+8.0%), $3.0M
- STZ: 18795 shares (+4.3%), $2.8M
- CMCSA: 95228 shares (+4.8%), $2.7M
- EFX: 13556 shares (+22.4%), $2.4M
- DIS: 24599 shares (+0.2%), $2.4M
- TROW: 25902 shares (+0.8%), $2.3M
- CAG: 147639 shares (+6.3%), $2.3M
- DEO: 27507 shares (+7.0%), $2.0M
- CRM: 10956 shares (+5.4%), $2.0M
- IVV: 1250 shares (+22.3%), $816,513

## Reduced positions (24)

- BIIB: 29540 shares (-3.2%), $5.4M
- DD: 117901 shares (-11.5%), $5.4M
- WBD: 196309 shares (-8.5%), $5.4M
- IFF: 72773 shares (-4.3%), $5.3M
- CVS: 67462 shares (-5.9%), $4.8M
- KMX: 109181 shares (-1.7%), $4.5M
- BA-PA: 22326 shares (-12.2%), $4.4M
- ADBE: 16200 shares (122.9%), $3.9M
- EL: 52172 shares (-4.8%), $3.7M
- VZ: 64998 shares (-0.3%), $3.3M
- BMY: 53102 shares (-1.6%), $3.2M
- USB: 52528 shares (-1.4%), $2.7M
- TSM: 7962 shares (-15.7%), $2.7M
- AKAM: 22825 shares (-28.7%), $2.6M
- BDX: 14209 shares (-0.1%), $2.2M
- HSY: 10608 shares (-20.3%), $2.2M
- UPS: 22316 shares (-9.3%), $2.2M
- UNH: 7405 shares (-3.6%), $2.0M
- APD: 1339 shares (-2.0%), $388,966
- RTX: 1975 shares (-12.1%), $380,978

## Sold positions (6)

- ASMLF: previously held 5510 shares worth $5.9M
- BUDFF: previously held 82631 shares worth $5.3M
- SPY: previously held 6676 shares worth $4.6M
- NUE: previously held 2703 shares worth $440,886
- MCHPP: previously held 6646 shares worth $423,483
- XOM: previously held 3132 shares worth $376,905

## Filing history (5)

- 2026-03-31 (filed 2026-05-15)
- 2025-12-31 (filed 2026-02-17)
- 2025-09-30 (filed 2025-11-14)
- 2025-06-30 (filed 2025-08-14)
- 2025-03-31 (filed 2025-05-15)

## Citation

When citing, use: "Hillman Value Fund, Hillman Capital Management, SEC 13F filing for period 2026-03-31, via Superinvestor (https://superinvestorclub.com/manager/95)".