Hillman Capital Management
Mark HillmanBETHESDA, MDfiles as Hillman Capital Management, Inc.
$138m in 54 US stocks at the end of 30 June 2026. The top 10 are 36.3% of the money. It changed about 10.9% of the portfolio this quarter.
Value
$138m
Stocks
54
Top 10 share
36.3%
Turnover
10.9%
What changed this quarter
New
Bought for the first time this quarter.
- DuPont de NemoursDD3.7% of the fund
- Veeva SystemsVEEV1.8% of the fund
- AccentureACN0.3% of the fund
Added
Bought more of a stock they already held.
- AdobeADBE2.6% of the fund+7%
- Ishares TREFA2.4% of the fund+3%
- ComcastCMCSA1.8% of the fund+6%
- Walt DisneyDIS1.8% of the fund+3%
- Conagra BrandsCAG1.8% of the fund+22%
- Becton DickinsonBDX1.7% of the fund+7%
- SalesforceCRM1.5% of the fund+25%
- Ishares TRIVV0.9% of the fund+27%
- MedtronicMDT0.3% of the fund+56%
- Thermo Fisher ScientificTMO0.3% of the fund+14%
- IntuitINTU0.2% of the fund+26%
- Costar GroupCSGP0.2% of the fund+26%
Cut
Sold some of their stake.
- CVS HealthCVS4.2% of the fund-18%
- BiogenBIIB3.8% of the fund-19%
- Warner Bros. DiscoveryWBD3.7% of the fund-3%
- Baxter InternationalBAX3.6% of the fund-5%
- International Flavors & FragrancesIFF3.6% of the fund-14%
- GSKGSK3.5% of the fund-5%
- CarMaxKMX3.5% of the fund-16%
- BoeingBA3.4% of the fund-3%
- Zimmer Biomet HoldingsZBH3.4% of the fund-3%
- Kraft HeinzKHC3.4% of the fund-2%
- Brown FormanBF-B3.3% of the fund-2%
- PfizerPFE3.0% of the fund-7%
- Estee Lauder CompaniesEL2.9% of the fund-4%
- FiservFISV2.8% of the fund-3%
- MicrosoftMSFT2.8% of the fund-5%
- Campbell'sCPB2.6% of the fund-3%
- Taiwan Semiconductor ManufacturingTSM1.9% of the fund-30%
- Bristol-Myers SquibbBMY1.9% of the fund-15%
- West Pharmaceutical ServicesWST1.8% of the fund-20%
- US BancorpUSB1.8% of the fund-21%
- Verizon CommunicationsVZ1.8% of the fund-12%
- UnitedHealth GroupUNH1.6% of the fund-27%
- Constellation BrandsSTZ1.6% of the fund-17%
- EquifaxEFX1.4% of the fund-7%
- Akamai TechnologiesAKAM1.4% of the fund-28%
Sold out
Sold their entire stake.
- DuPont de NemoursDD-100%
- General ElectricGE-100%
- Spdr Series TrustSPYM-100%
- Ishares TRIGOV-100%
- Spdr Series TrustBWX-100%
Holdings
- GSKGSK
- Share
- 3.5%
- Value
- $5m
- Shares
- 92,383
-5%
- Ishares TREFA
- Share
- 2.4%
- Value
- $3m
- Shares
- 31,743
+3%
- Ishares TRIVV
- Share
- 0.9%
- Value
- $1m
- Shares
- 1,589
+27%
- Ishares TRIWR
- Share
- 0.2%
- Value
- $221,456
- Shares
- 2,007
-18%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| CVS HealthCVS | 4.2% | $6m | 55,475 | -18% |
| BiogenBIIB | 3.8% | $5m | 23,993 | -19% |
| DuPont de NemoursDD | 3.7% | $5m | 37,745 | New |
| Warner Bros. DiscoveryWBD | 3.7% | $5m | 189,986 | -3% |
| Baxter InternationalBAX | 3.6% | $5m | 236,032 | -5% |
| International Flavors & FragrancesIFF | 3.6% | $5m | 62,875 | -14% |
| GSKGSK | 3.5% | $5m | 92,383 | -5% |
| CarMaxKMX | 3.5% | $5m | 91,385 | -16% |
| BoeingBA | 3.4% | $5m | 21,574 | -3% |
| Zimmer Biomet HoldingsZBH | 3.4% | $5m | 53,943 | -3% |
| Kraft HeinzKHC | 3.4% | $5m | 196,494 | -2% |
| Brown FormanBF-B | 3.3% | $5m | 172,514 | -2% |
| PfizerPFE | 3.0% | $4m | 174,610 | -7% |
| Estee Lauder CompaniesEL | 2.9% | $4m | 50,226 | -4% |
| FiservFISV | 2.8% | $4m | 78,456 | -3% |
| MicrosoftMSFT | 2.8% | $4m | 10,296 | -5% |
| Campbell'sCPB | 2.6% | $4m | 161,043 | -3% |
| AdobeADBE | 2.6% | $4m | 17,288 | +7% |
| Ishares TREFA | 2.4% | $3m | 31,743 | +3% |
| NikeNKE | 2.3% | $3m | 78,213 | Held |
| Taiwan Semiconductor ManufacturingTSM | 1.9% | $3m | 5,608 | -30% |
| Bristol-Myers SquibbBMY | 1.9% | $3m | 45,235 | -15% |
| West Pharmaceutical ServicesWST | 1.8% | $3m | 7,106 | -20% |
| US BancorpUSB | 1.8% | $2m | 41,252 | -21% |
| Veeva SystemsVEEV | 1.8% | $2m | 14,008 | New |
| ComcastCMCSA | 1.8% | $2m | 100,843 | +6% |
| Walt DisneyDIS | 1.8% | $2m | 25,385 | +3% |
| Conagra BrandsCAG | 1.8% | $2m | 180,728 | +22% |
| Verizon CommunicationsVZ | 1.8% | $2m | 57,263 | -12% |
| United Parcel ServiceUPS | 1.7% | $2m | 22,316 | Held |
| Becton DickinsonBDX | 1.7% | $2m | 15,238 | +7% |
| UnitedHealth GroupUNH | 1.6% | $2m | 5,405 | -27% |
| DiageoDEO | 1.6% | $2m | 27,492 | Held |
| Constellation BrandsSTZ | 1.6% | $2m | 15,651 | -17% |
| SalesforceCRM | 1.5% | $2m | 13,658 | +25% |
| EquifaxEFX | 1.4% | $2m | 12,541 | -7% |
| Akamai TechnologiesAKAM | 1.4% | $2m | 16,387 | -28% |
| HersheyHSY | 1.3% | $2m | 10,608 | Held |
| OracleORCL | 1.2% | $2m | 11,496 | -29% |
| Ishares TRIVV | 0.9% | $1m | 1,589 | +27% |
| MedtronicMDT | 0.3% | $446,459 | 5,707 | +56% |
| Price T Rowe GroupTROW | 0.3% | $410,421 | 3,610 | -86% |
| Air Products & ChemicalsAPD | 0.3% | $382,893 | 1,306 | -2% |
| AccentureACN | 0.3% | $380,164 | 3,055 | New |
| Thermo Fisher ScientificTMO | 0.3% | $376,020 | 750 | +14% |
| RTXRTX | 0.3% | $367,128 | 1,935 | -2% |
| AlphabetGOOG | 0.3% | $363,930 | 1,030 | -9% |
| ServiceNowNOW | 0.2% | $339,041 | 3,415 | Held |
| CloroxCLX | 0.2% | $336,999 | 3,531 | Held |
| BlackRockBLK | 0.2% | $329,815 | 343 | Held |
| IntuitINTU | 0.2% | $313,983 | 1,203 | +26% |
| Costar GroupCSGP | 0.2% | $304,298 | 10,745 | +26% |
| Ishares TRIWR | 0.2% | $221,456 | 2,007 | -18% |
| AlphabetGOOGL | <0.1% | $1,429 | 4 | -33% |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 24.6% since 30 June 2025.
Where the money is
Health care27.4%
Everyday goods18.7%
Technology12.2%
Industrials10.5%
Media & telecom9.2%
Retail & consumer5.8%
Financial services5.1%
Materials3.9%
Real estate0.2%
Other6.9%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.