What Hillman Value Fund Bought in Q4 2025
Hillman Capital Management · Quarterly 13F recap as filed with the SEC.
Period: 2025-12-31 · Filed · Historical
$158.9M
Total Value
56
Holdings
3
New Buys
44
Reduced
In Q4 2025, Hillman Value Fund reported 56 long equity positions worth $158.9M in their Hillman Capital Management 13F filing, including 3 new positions (largest: SPDR S&P 500 ETF at $4.6M) and 8 increased positions.
| Rank | Ticker | Company | Shares | Value | % Portfolio | Change |
|---|---|---|---|---|---|---|
| 1 | WBD | WARNER BROS DISCOVERY INC | 214600 | $6.2M | 3.89% | -35.1% |
| 2 | ASML | ASML HOLDING N V | 5510 | $5.9M | 3.71% | -18.6% |
| 3 | EL | LAUDER ESTEE COS INC | 54803 | $5.7M | 3.61% | -22.5% |
| 4 | CVS | CVS HEALTH CORP | 71685 | $5.7M | 3.58% | -13.0% |
| 5 | GSK | GSK plc | 114336 | $5.6M | 3.53% | -19.4% |
| 6 | BA-PA | BOEING CO | 25427 | $5.5M | 3.47% | -10.8% |
| 7 | BIIB | BIOGEN INC | 30516 | $5.4M | 3.38% | -20.4% |
| 8 | DD | DUPONT DE NEMOURS INC | 133248 | $5.4M | 3.37% | 87.2% |
| 9 | BUDFF | ANHEUSER BUSCH INBEV SA/NV | 82631 | $5.3M | 3.33% | -8.9% |
| 10 | IFF | INTERNATIONAL FLAVORS&FRAGRA | 76031 | $5.1M | 3.22% | -4.1% |
| 11 | MSFT | MICROSOFT CORP | 10585 | $5.1M | 3.22% | -7.7% |
| 12 | SPY | SPDR S&P 500 ETF | 6676 | $4.6M | 2.86% | NEW |
| 13 | PFE | PFIZER INC | 175304 | $4.4M | 2.75% | -19.0% |
| 14 | NKE | NIKE INC | 68140 | $4.3M | 2.73% | -8.1% |
| 15 | KMX | CARMAX INC | 111088 | $4.3M | 2.70% | 21.4% |
| 16 | KHC | KRAFT HEINZ CO | 176807 | $4.3M | 2.70% | -16.3% |
| 17 | ZBH | ZIMMER BIOMET HOLDINGS INC | 45969 | $4.1M | 2.60% | -13.0% |
| 18 | BAX | BAXTER INTL INC | 211541 | $4.0M | 2.54% | -10.6% |
| 19 | CPB | THE CAMPBELLS COMPANY | 140684 | $3.9M | 2.47% | -18.7% |
| 20 | BF-B | BROWN FORMAN CORP | 148052 | $3.9M | 2.43% | -21.4% |
| 21 | BMY | Bristol-Myers Squibb | 53966 | $2.9M | 1.83% | -22.3% |
| 22 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | 9444 | $2.9M | 1.81% | +-15.5% |
| 23 | USB | US BANCORP DEL | 53293 | $2.8M | 1.79% | -14.4% |
| 24 | AKAM | AKAMAI TECHNOLOGIES INC | 31999 | $2.8M | 1.76% | 655.9% |
| 25 | DIS | DISNEY WALT CO | 24539 | $2.8M | 1.76% | -10.6% |
| 26 | BDX | BECTON DICKINSON & CO | 14230 | $2.8M | 1.74% | -15.4% |
| 27 | CRM | SALESFORCE INC | 10397 | $2.8M | 1.73% | -16.0% |
| 28 | EFA | iShares MSCI EAFE ETF | 28562 | $2.7M | 1.73% | +10.6% |
| 29 | CMCSA | Comcast Corporation | 90861 | $2.7M | 1.71% | -2.3% |
| 30 | VZ | VERIZON COMMUNICATIONS INC | 65177 | $2.7M | 1.67% | -10.3% |
| 31 | TROW | PRICE T ROWE GROUP INC | 25695 | $2.6M | 1.66% | -13.5% |
| 32 | FISV | FISERV INC | 38376 | $2.6M | 1.62% | +67.6% |
| 33 | ADBE | ADOBE INC | 7269 | $2.5M | 1.60% | -13.9% |
| 34 | UNH | UNITEDHEALTH GROUP INC | 7681 | $2.5M | 1.60% | -6.1% |
| 35 | STZ | CONSTELLATION BRANDS INC | 18020 | $2.5M | 1.56% | -4.2% |
| 36 | WST | WEST PHARMACEUTICAL SVSC INC | 8906 | $2.5M | 1.54% | +-13.3% |
| 37 | UPS | UNITED PARCEL SERVICE INC | 24616 | $2.4M | 1.54% | -22.8% |
| 38 | HSY | HERSHEY CO | 13308 | $2.4M | 1.52% | -9.5% |
| 39 | CAG | CONAGRA BRANDS INC | 138945 | $2.4M | 1.51% | -4.0% |
| 40 | EFX | EQUIFAX INC | 11079 | $2.4M | 1.51% | +1.4% |
| 41 | DEO | DIAGEO PLC | 25705 | $2.2M | 1.40% | -13.9% |
| 42 | IVV | iShares Core S&P 500 ETF | 1022 | $700K | 0.44% | -20.0% |
| 43 | NUE | NUCOR CORP | 2703 | $441K | 0.28% | +-88.0% |
| 44 | MCHPP | MICROCHIP TECHNOLOGY INC. | 6646 | $423K | 0.27% | +21.9% |
| 45 | RTX | RTX CORPORATION | 2247 | $412K | 0.26% | -5.9% |
| 46 | GE | GE AEROSPACE | 1310 | $404K | 0.25% | -0.5% |
| 47 | XOM | EXXON MOBIL CORP | 3132 | $377K | 0.24% | -0.3% |
| 48 | TMO | THERMO FISHER SCIENTIFIC INC | 634 | $367K | 0.23% | -22.7% |
| 49 | GOOG | ALPHABET INC | 1148 | $360K | 0.23% | -22.1% |
| 50 | MDT | MEDTRONIC PLC | 3739 | $359K | 0.23% | -0.2% |
| 51 | BLK | BLACKROCK INC | 333 | $356K | 0.22% | -2.6% |
| 52 | SPLG | SPDR SERIES TRUST | 4362 | $350K | 0.22% | NEW |
| 53 | APD | AIR PRODS & CHEMS INC | 1367 | $338K | 0.21% | +19.4% |
| 54 | IWR | ISHARES TR | 2433 | $234K | 0.15% | — |
| 55 | BWX | SPDR SERIES TRUST | 6240 | $141K | 0.09% | NEW |
| 56 | GOOGL | ALPHABET INC | 6 | $2K | 0.00% | -25.0% |