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Hillman Capital Management, Inc.

Bethesda, MD 20 processed 13Fs on this site, 2021 Q3 to 2026 Q2

  • $138M
  • 54 holdings
  • 2026 Q2
  • −4.2% QoQ
  • Top 5 18.9%

Hillman Capital Management's biggest moves in 2026 Q2 were opening DuPont and Veeva Systems, adding to Nike and iShares Core S&P 500 ETF, trimming T. Rowe Price and CVS Health, and selling out of DWDPEUR and GE Aerospace.

Portfolio

2026 Q2, filed 8/14/2026, top 12 of 54 holdings

Top 5 18.9%, top 10 36.3%

  1. CVS, CVS Health 4.2%
  2. BIIB, Biogen 3.7%
  3. DD, DuPont 3.7%
  4. WBD, Warner Bros. Discovery 3.7%
  5. BAX, Baxter International 3.6%
  6. IFF, International Flavors & Fragrances 3.6%
  7. GSK 3.5%
  8. KMX, CarMax 3.5%
  9. BA, Boeing 3.4%
  10. ZBH, Zimmer Biomet 3.4%
  11. KHC, Kraft Heinz 3.4%
  12. BF.B, Brown-Forman 3.3%
  13. Other 57.0%

AUM over time

2026 Q2 $138M −4.2% QoQ
2021 Q3: $285M 2021 Q3: $285M
Q3 2021
2021 Q4: $291M, +2.1% QoQ 2021 Q4: $291M, +2.1% QoQ
Q4
2022 Q1: $315M, +8.2% QoQ 2022 Q1: $315M, +8.2% QoQ
Q1 2022
2022 Q2: $275M, −12.7% QoQ 2022 Q2: $275M, −12.7% QoQ
Q2
2022 Q3: $241M, −12.4% QoQ 2022 Q3: $241M, −12.4% QoQ
Q3
2022 Q4: $255M, +5.8% QoQ 2022 Q4: $255M, +5.8% QoQ
Q4
2023 Q1: $264M, +3.5% QoQ 2023 Q1: $264M, +3.5% QoQ
Q1 2023
2023 Q2: $283M, +7.2% QoQ 2023 Q2: $283M, +7.2% QoQ
Q2
2023 Q3: $260M, −8.1% QoQ 2023 Q3: $260M, −8.1% QoQ
Q3
2023 Q4: $290M, +11.5% QoQ 2023 Q4: $290M, +11.5% QoQ
Q4
2024 Q1: $311M, +7.2% QoQ 2024 Q1: $311M, +7.2% QoQ
Q1 2024
2024 Q2: $283M, −9.0% QoQ 2024 Q2: $283M, −9.0% QoQ
Q2
2024 Q3: $292M, +3.2% QoQ 2024 Q3: $292M, +3.2% QoQ
Q3
2024 Q4: $270M, −7.5% QoQ 2024 Q4: $270M, −7.5% QoQ
Q4
2025 Q1: $203M, −24.8% QoQ 2025 Q1: $203M, −24.8% QoQ
Q1 2025
2025 Q2: $183M, −9.9% QoQ 2025 Q2: $183M, −9.9% QoQ
Q2
2025 Q3: $172M, −6.0% QoQ 2025 Q3: $172M, −6.0% QoQ
Q3
2025 Q4: $159M, −7.6% QoQ 2025 Q4: $159M, −7.6% QoQ
Q4
2026 Q1: $144M, −9.4% QoQ 2026 Q1: $144M, −9.4% QoQ
Q1 2026
2026 Q2: $138M, −4.2% QoQ 2026 Q2: $138M, −4.2% QoQ
Q2

Latest book

2026 Q2 2026 Q1, filed 14 Aug, long equity only

Download CSV Download Excel All activity
CVS, CVS Health 4.15% Reduce −17.8% 55,475 $103.45 $5.7M −11,987 +$894K
BIIB, Biogen 3.75%, was 3.76% Reduce −18.8% 23,993 $216.06 $5.2M −5,547 −$232K
DD, DuPont 3.71% New 37,745 $135.64 $5.1M +37,745 +$5.1M
WBD, Warner Bros. Discovery 3.67%, was 3.74% Reduce −3.2% 189,986 $26.66 $5.1M −6,323 −$326K
BAX, Baxter International 3.64% Reduce −4.6% 236,032 $21.32 $5M −11,288 +$877K
IFF, International Flavors & Fragrances 3.61%, was 3.67% Reduce −13.6% 62,875 $79.22 $5M −9,898 −$299K
GSK 3.51%, was 3.73% Reduce −5.2% 92,383 $52.42 $4.8M −5,049 −$535K
KMX, CarMax 3.50% Reduce −16.3% 91,385 $52.89 $4.8M −17,796 +$294K
BA, Boeing 3.38% Reduce −3.4% 21,574 $216.47 $4.7M −752 +$227K
ZBH, Zimmer Biomet 3.36%, was 3.50% Reduce −3.2% 53,943 $86.09 $4.6M −1,757 −$392K
KHC, Kraft Heinz 3.36% Reduce −2.3% 196,494 $23.62 $4.6M −4,646 +$118K
BF.B, Brown-Forman 3.33% Reduce −2.2% 172,514 $26.65 $4.6M −3,923 −$67K
PFE, Pfizer 3.04%, was 3.66% Reduce −7.1% 174,610 $24.08 $4.2M −13,327 −$1.1M
EL, Estee Lauder 2.87% Reduce −3.7% 50,226 $78.95 $4M −1,946 +$221K
FISV, Fiserv 2.79%, was 3.13% Reduce −2.8% 78,456 $49.05 $3.8M −2,272 −$656K
MSFT, Microsoft 2.78% Reduce −4.9% 10,296 $373.02 $3.8M −532 −$168K
CPB, Campbell's 2.60% Reduce −3.1% 161,043 $22.27 $3.6M −5,135 −$114K
ADBE, Adobe 2.57% Add +6.7% 17,288 $205.02 $3.5M +1,088 −$394K
EFA, iShares Trust 2.39%, was 2.08% Add +2.9% 31,743 $103.88 $3.3M +889 +$301K
NKE, Nike 2.32% Add +0.4% 78,213 $41.05 $3.2M +307 −$904K
TSM, Taiwan Semiconductor 1.94% Reduce −29.6% 5,608 $477.57 $2.7M −2,354 −$13K
BMY, Bristol Myers Squibb 1.89%, was 2.24% Reduce −14.8% 45,235 $57.62 $2.6M −7,867 −$614K
WST, West Pharmaceutical Services 1.85% Reduce −20.2% 7,106 $359.00 $2.6M −1,800 +$319K
USB, U.S. Bancorp 1.80%, was 1.90% Reduce −21.5% 41,252 $60.40 $2.5M −11,276 −$240K
VEEV, Veeva Systems 1.80% New 14,008 $177.47 $2.5M +14,008 +$2.5M
CMCSA, Comcast 1.79% Add +5.9% 100,843 $24.55 $2.5M +5,615 −$258K
DIS, Disney 1.77%, was 1.65% Add +3.2% 25,385 $96.25 $2.4M +786 +$72K
CAG, Conagra Brands 1.76%, was 1.61% Add +22.4% 180,728 $13.46 $2.4M +33,089 +$112K
VZ, Verizon 1.75%, was 2.27% Reduce −11.9% 57,263 $42.34 $2.4M −7,735 −$838K
UPS 1.74% Hold 22,316 $107.50 $2.4M — —
BDX, Becton Dickinson 1.67%, was 1.55% Add +7.2% 15,238 $151.33 $2.3M +1,029 +$72K
UNH, UnitedHealth Group 1.63% Reduce −27.0% 5,405 $415.63 $2.2M −2,000 +$243K
DEO, Diageo 1.60% Reduce −0.1% 27,492 $80.38 $2.2M −15 +$162K
STZ, Constellation Brands 1.58%, was 1.96% Reduce −16.7% 15,651 $139.09 $2.2M −3,144 −$642K
CRM, Salesforce 1.55%, was 1.42% Add +24.7% 13,658 $156.66 $2.1M +2,702 +$95K
EFX, Equifax 1.44%, was 1.70% Reduce −7.5% 12,541 $158.72 $2M −1,015 −$451K
AKAM, Akamai 1.40%, was 1.82% Reduce −28.2% 16,387 $118.21 $1.9M −6,438 −$684K
HSY, Hershey 1.35% Hold 10,608 $175.45 $1.9M — —
ORCL, Oracle 1.22%, was 1.65% Reduce −28.6% 11,496 $146.55 $1.7M −4,613 −$685K
IVV, iShares Core S&P 500 ETF 0.86%, was 0.57% Add +27.1% 1,589 $748.89 $1.2M +339 +$373K
MDT, Medtronic 0.32%, was 0.22% Add +55.6% 5,707 $78.23 $446K +2,039 +$129K
TROW, T. Rowe Price 0.30%, was 1.62% Reduce −86.1% 3,610 $113.69 $410K −22,292 −$1.9M
APD, Air Products 0.28% Reduce −2.5% 1,306 $293.18 $383K −33 −$6K
ACN, Accenture 0.28% New 3,055 $124.44 $380K +3,055 +$380K
TMO, Thermo Fisher Scientific 0.27%, was 0.22% Add +14.3% 750 $501.36 $376K +94 +$54K
RTX 0.27% Reduce −2.0% 1,935 $189.73 $367K −40 −$14K
GOOG, Alphabet Class C 0.26% Reduce −8.6% 1,030 $353.33 $364K −97 +$41K
NOW, ServiceNow 0.25% Add +1.1% 3,415 $99.28 $339K +38 −$14K
CLX, Clorox 0.24%, was 0.26% Reduce −0.7% 3,531 $95.44 $337K −24 −$31K
BLK, BlackRock 0.24% Reduce −1.2% 343 $961.56 $330K −4 −$4K

Showing top 50 of 54 by value

Exits / last held

Gone since 2026 Q1, shown at their last reported size.

Stock % of portfolio Recent activity Shares Reported price* Value Share change $ change
DWDPEUR 3.75% Exit 0 $45.80 $5.4M −117,901 −$5.4M
GE, GE Aerospace 0.25% Exit 0 $283.93 $364K −1,282 −$364K
SPYM, SPDR Series Trust 0.24% Exit 0 $76.51 $340K −4,444 −$340K
IGOV, iShares Trust 0.16% Exit 0 $41.01 $230K −5,608 −$230K
BWX, SPDR Series Trust 0.16% Exit 0 $21.96 $228K −10,384 −$228K

Weight bar: held both quarters added sold at this quarter’s reported price

* Reported price is value ÷ shares from the 13F as of period end, not a live market quote. Weight % is each long-equity position ÷ full 13F AUM, so rows may not sum to 100% when the filing includes options or other non-equity (excluded from this table). Share change and $ change are vs 2026 Q1. Click a column header to sort, or New, Hold, Add or Reduce to bring those moves to the top. Exit opens the last-held block below.

Filings history

20 periods, with AUM normalized

Newest 13Fs
Period Holds AUM QoQ Form Filed Filing ID
2026 Q2 54 $138M −4.2% 13F-HR 8/14/2026 000139834426014467
2026 Q1 56 $144M −9.4% 13F-HR 5/15/2026 000139834426009207
2025 Q4 56 $159M −7.6% 13F-HR 2/17/2026 000139834426003212
2025 Q3 53 $172M −6.0% 13F-HR 11/14/2025 000139834425020908
2025 Q2 50 $183M −9.9% 13F-HR 8/14/2025 000139834425015414
2025 Q1 51 $203M −24.8% 13F-HR 5/15/2025 000139834425009450
2024 Q4 54 $270M −7.5% 13F-HR 2/14/2025 000139834425002778
2024 Q3 52 $292M +3.2% 13F-HR 11/14/2024 000139834424020712
2024 Q2 53 $283M −9.0% 13F-HR 8/14/2024 000139834424014601
2024 Q1 52 $311M +7.2% 13F-HR 5/15/2024 000139834424009628
2023 Q4 53 $290M +11.5% 13F-HR 2/14/2024 000139834424002894
2023 Q3 53 $260M −8.1% 13F-HR 11/14/2023 000139834423020606
2023 Q2 55 $283M +7.2% 13F-HR 8/14/2023 000139834423014729
2023 Q1 52 $264M +3.5% 13F-HR 5/15/2023 000139834423009680
2022 Q4 52 $255M +5.8% 13F-HR 2/14/2023 000139834423003161
2022 Q3 48 $241M −12.4% 13F-HR 11/14/2022 000139834422021948
2022 Q2 48 $275M −12.7% 13F-HR 8/15/2022 000139834422015547
2022 Q1 48 $315M +8.2% 13F-HR 5/16/2022 000139834422009648
2021 Q4 54 $291M +2.1% 13F-HR 2/14/2022 000139834422002932
2021 Q3 51 $285M — 13F-HR 11/15/2021 000139834421021432

About

Hillman Capital Management, Inc.

20 processed 13Fs on this site, 2021 Q3 to 2026 Q2

SEC filing name
Hillman Capital Management, Inc.
Location
Bethesda, MD
All SEC filings
View on sec.gov