What Hillman Value Fund Bought in Q3 2025
Hillman Capital Management · Quarterly 13F recap as filed with the SEC.
Period: 2025-09-30 · Filed · Historical
$171.8M
Total Value
53
Holdings
5
New Buys
31
Reduced
In Q3 2025, Hillman Value Fund reported 53 long equity positions worth $171.8M in their Hillman Capital Management 13F filing, including 5 new positions (largest: FISERV INC at $3.0M) and 16 increased positions.
| Rank | Ticker | Company | Shares | Value | % Portfolio | Change |
|---|---|---|---|---|---|---|
| 1 | ASML | ASML HOLDING N V | 6768 | $6.6M | 3.81% | -12.3% |
| 2 | WBD | WARNER BROS DISCOVERY INC | 330727 | $6.5M | 3.76% | -44.5% |
| 3 | EL | LAUDER ESTEE COS INC | 70688 | $6.2M | 3.62% | -13.4% |
| 4 | CVS | CVS HEALTH CORP | 82359 | $6.2M | 3.61% | -11.4% |
| 5 | BA-PA | BOEING CO | 28492 | $6.1M | 3.58% | -9.8% |
| 6 | GSK | GSK plc | 141779 | $6.1M | 3.56% | -7.1% |
| 7 | MSFT | MICROSOFT CORP | 11470 | $5.9M | 3.46% | -12.4% |
| 8 | DD | DUPONT DE NEMOURS INC | 71174 | $5.5M | 3.23% | -13.4% |
| 9 | PFE | PFIZER INC | 216552 | $5.5M | 3.21% | -7.7% |
| 10 | KHC | KRAFT HEINZ CO | 211151 | $5.5M | 3.20% | +0.7% |
| 11 | CPB | THE CAMPBELLS COMPANY | 173034 | $5.5M | 3.18% | 83.7% |
| 12 | BUDFF | ANHEUSER BUSCH INBEV SA/NV | 90738 | $5.4M | 3.15% | +4.2% |
| 13 | BAX | BAXTER INTL INC | 236603 | $5.4M | 3.13% | +32.6% |
| 14 | BIIB | BIOGEN INC | 38354 | $5.4M | 3.13% | -8.6% |
| 15 | ZBH | ZIMMER BIOMET HOLDINGS INC | 52815 | $5.2M | 3.03% | -5.0% |
| 16 | NKE | NIKE INC | 74155 | $5.2M | 3.01% | -18.4% |
| 17 | BF-B | BROWN FORMAN CORP | 188254 | $5.1M | 2.97% | +7.1% |
| 18 | IFF | INTERNATIONAL FLAVORS&FRAGRA | 79264 | $4.9M | 2.84% | +6.1% |
| 19 | KMX | CARMAX INC | 91489 | $4.1M | 2.39% | +14.9% |
| 20 | VZ | VERIZON COMMUNICATIONS INC | 72697 | $3.2M | 1.86% | -8.6% |
| 21 | BDX | BECTON DICKINSON & CO | 16814 | $3.1M | 1.83% | -0.1% |
| 22 | DIS | DISNEY WALT CO | 27452 | $3.1M | 1.83% | -4.6% |
| 23 | BMY | Bristol-Myers Squibb | 69440 | $3.1M | 1.82% | -3.3% |
| 24 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | 11175 | $3.1M | 1.82% | -30.6% |
| 25 | TROW | PRICE T ROWE GROUP INC | 29708 | $3.0M | 1.77% | -22.4% |
| 26 | NUE | NUCOR CORP | 22486 | $3.0M | 1.77% | -16.2% |
| 27 | USB | US BANCORP DEL | 62293 | $3.0M | 1.75% | -17.2% |
| 28 | ADBE | ADOBE INC | 8443 | $3.0M | 1.73% | +1.4% |
| 29 | FISV | FISERV INC | 22900 | $3.0M | 1.72% | NEW |
| 30 | CRM | SALESFORCE INC | 12371 | $2.9M | 1.71% | +1.8% |
| 31 | CMCSA | Comcast Corporation | 92994 | $2.9M | 1.70% | -6.3% |
| 32 | DEO | DIAGEO PLC | 29842 | $2.8M | 1.66% | +1.7% |
| 33 | UNH | UNITEDHEALTH GROUP INC | 8181 | $2.8M | 1.64% | NEW |
| 34 | EFX | EQUIFAX INC | 10925 | $2.8M | 1.63% | -1.4% |
| 35 | HSY | HERSHEY CO | 14708 | $2.8M | 1.60% | -21.0% |
| 36 | WST | WEST PHARMACEUTICAL SVSC INC | 10273 | $2.7M | 1.57% | NEW |
| 37 | UPS | UNITED PARCEL SERVICE INC | 31884 | $2.7M | 1.55% | NEW |
| 38 | CAG | CONAGRA BRANDS INC | 144696 | $2.6M | 1.54% | +2.8% |
| 39 | STZ | CONSTELLATION BRANDS INC | 18803 | $2.5M | 1.47% | +2.7% |
| 40 | EFA | iShares MSCI EAFE ETF | 25824 | $2.4M | 1.40% | +0.9% |
| 41 | IVV | iShares Core S&P 500 ETF | 1277 | $855K | 0.50% | 74.5% |
| 42 | RTX | RTX CORPORATION | 2389 | $400K | 0.23% | -9.4% |
| 43 | BLK | BLACKROCK INC | 342 | $399K | 0.23% | -5.8% |
| 44 | TMO | THERMO FISHER SCIENTIFIC INC | 820 | $398K | 0.23% | NEW |
| 45 | GE | GE AEROSPACE | 1317 | $396K | 0.23% | -12.4% |
| 46 | GOOG | ALPHABET INC | 1473 | $359K | 0.21% | -23.9% |
| 47 | MDT | MEDTRONIC PLC | 3748 | $357K | 0.21% | -1.4% |
| 48 | XOM | EXXON MOBIL CORP | 3140 | $354K | 0.21% | -0.4% |
| 49 | MCHPP | MICROCHIP TECHNOLOGY INC. | 5450 | $350K | 0.20% | +-89.0% |
| 50 | AKAM | AKAMAI TECHNOLOGIES INC | 4233 | $321K | 0.19% | +2.0% |
| 51 | APD | AIR PRODS & CHEMS INC | 1145 | $312K | 0.18% | +2.0% |
| 52 | IWR | ISHARES TR | 2433 | $235K | 0.14% | — |
| 53 | GOOGL | ALPHABET INC | 8 | $2K | 0.00% | +-100.0% |