Watchman Group

PLANO, TXfiles as Watchman Group, Inc.

$447m in 73 US stocks at the end of 30 June 2026. The top 10 are 60.9% of the money. It changed about 5.0% of the portfolio this quarter.

Value

$447m

Stocks

Top 10 share

60.9%

Turnover

5.0%

What changed this quarter

New

Bought for the first time this quarter.

ServiceNowNOW
0.6% of the fund
Simplify Exchange Traded FUNCTA
<0.1% of the fund
Ishares Bitcoin Trust ETFIBIT
<0.1% of the fund
BNY Mellon ETF TrustBKLC
<0.1% of the fund
Invesco QQQ TRQQQ
<0.1% of the fund

Added

Bought more of a stock they already held.

Simplify Exchange Traded FUNMTBA
9.9% of the fund
+3%
ETF Opportunities TrustVSLU
7.7% of the fund
+4%
Fidelity Merrimack STR TRFBND
4.7% of the fund
+4%
American Centy ETF TRAVDE
2.3% of the fund
+7%
Ishares TRSGOV
1.8% of the fund
+17%
VisaV
1.1% of the fund
+2%
UFP IndustriesUFPI
0.8% of the fund
+8%
Agilent TechnologiesA
0.8% of the fund
+3%
ServisFirst BancsharesSFBS
0.7% of the fund
+6%
Ssga Active TR
0.6% of the fund
+2%
AccentureACN
0.6% of the fund
+50%
Cisco SystemsCSCO
0.1% of the fund
+3%
Vanguard BD Index FDSBSV
<0.1% of the fund
+8%
McDonald'sMCD
<0.1% of the fund
+2%

Cut

Sold some of their stake.

Dimensional ETF TrustDFEM
2.7% of the fund
-11%
EA Series TrustFRDM
2.0% of the fund
-27%
AmphenolAPH
1.7% of the fund
-3%
AlphabetGOOGL
1.5% of the fund
-2%
Westinghouse Air Brake TechnologiesWAB
1.1% of the fund
-7%
General DynamicsGD
0.9% of the fund
-8%
Cava GroupCAVA
0.9% of the fund
-5%
NXP SemiconductorsNXPI
0.9% of the fund
-10%
CumminsCMI
0.8% of the fund
-4%
Meta PlatformsMETA
0.5% of the fund
-16%
NVRNVR
0.4% of the fund
-27%
IntuitINTU
0.4% of the fund
-4%
Wisdomtree TRUSFR
0.3% of the fund
-16%
Ishares TRIJH
0.3% of the fund
-51%
AppleAAPL
0.2% of the fund
-3%
Coca-ColaKO
<0.1% of the fund
-6%
Ishares TRIWD
<0.1% of the fund
-3%
Ishares TREFG
<0.1% of the fund
-3%

Sold out

Sold their entire stake.

Advanced Micro DevicesAMD
-100%
Invesco Galaxy Bitcoin ETFBTCO
-100%
Vanguard Index FDSVTI
-100%
Vanguard Specialized FundsVIG
-100%
Home DepotHD
-100%

Holdings

Simplify Exchange Traded FUNMTBA
Share
9.9%
Value
$44m
Shares
902,254
+3%
Dimensional ETF TrustDFAC
Share
9.1%
Value
$41m
Shares
916,418
Held
T Rowe Price Exchange-TradedTMSL
Share
8.0%
Value
$36m
Shares
813,692
Held
ETF Opportunities TrustVSLU
Share
7.7%
Value
$35m
Shares
748,065
+4%
Dimensional ETF TrustDFAT
Share
6.7%
Value
$30m
Shares
431,658
Held
Ishares TRTLH
Share
6.2%
Value
$28m
Shares
275,011
Held
Fidelity Merrimack STR TRFBND
Share
4.7%
Value
$21m
Shares
460,856
+4%
Dimensional ETF TrustDFIC
Share
3.6%
Value
$16m
Shares
433,264
Held
Dimensional ETF TrustDFEM
Share
2.7%
Value
$12m
Shares
295,106
-11%
American Centy ETF TRAVDE
Share
2.3%
Value
$10m
Shares
114,677
+7%
EA Series TrustFRDM
Share
2.0%
Value
$9m
Shares
125,414
-27%
AlphabetGOOG
Share
2.0%
Value
$9m
Shares
25,329
Held
Ishares TRSGOV
Share
1.8%
Value
$8m
Shares
78,114
+17%
AmphenolAPH
Share
1.7%
Value
$8m
Shares
44,073
-3%
Berkshire HathawayBRK-B
Share
1.7%
Value
$8m
Shares
15,058
Held
AlphabetGOOGL
Share
1.5%
Value
$7m
Shares
19,319
-2%
TeslaTSLA
Share
1.5%
Value
$7m
Shares
16,045
Held
VisaV
Share
1.1%
Value
$5m
Shares
14,968
+2%
MicrosoftMSFT
Share
1.1%
Value
$5m
Shares
13,547
Held
Westinghouse Air Brake TechnologiesWAB
Share
1.1%
Value
$5m
Shares
18,552
-7%
Amazon.comAMZN
Share
1.1%
Value
$5m
Shares
20,308
Held
Cavco IndustriesCVCO
Share
1.1%
Value
$5m
Shares
7,788
Held
Carlisle CompaniesCSL
Share
1.1%
Value
$5m
Shares
13,114
Held
StrykerSYK
Share
1.1%
Value
$5m
Shares
15,027
Held
Horton D RDHI
Share
1.0%
Value
$4m
Shares
27,110
Held
Markel GroupMKL
Share
1.0%
Value
$4m
Shares
2,216
Held
PaccarPCAR
Share
1.0%
Value
$4m
Shares
35,820
Held
General DynamicsGD
Share
0.9%
Value
$4m
Shares
11,986
-8%
Texas Pacific LandTPL
Share
0.9%
Value
$4m
Shares
9,634
Held
Cava GroupCAVA
Share
0.9%
Value
$4m
Shares
51,413
-5%
NXP SemiconductorsNXPI
Share
0.9%
Value
$4m
Shares
14,089
-10%
UFP IndustriesUFPI
Share
0.8%
Value
$4m
Shares
40,846
+8%
CumminsCMI
Share
0.8%
Value
$4m
Shares
5,092
-4%
Uber TechnologiesUBER
Share
0.8%
Value
$4m
Shares
49,490
Held
Agilent TechnologiesA
Share
0.8%
Value
$4m
Shares
26,562
+3%
First Financial BanksharesFFIN
Share
0.7%
Value
$3m
Shares
95,256
Held
Lowe's CompaniesLOW
Share
0.7%
Value
$3m
Shares
14,644
Held
ServisFirst BancsharesSFBS
Share
0.7%
Value
$3m
Shares
34,939
+6%
Ssga Active TR
Share
0.6%
Value
$3m
Shares
67,996
+2%
ServiceNowNOW
Share
0.6%
Value
$3m
Shares
28,809
New
Ishares TRIUSG
Share
0.6%
Value
$3m
Shares
15,069
Held
AccentureACN
Share
0.6%
Value
$3m
Shares
22,684
+50%
Meta PlatformsMETA
Share
0.5%
Value
$2m
Shares
4,293
-16%
NVRNVR
Share
0.4%
Value
$2m
Shares
274
-27%
IntuitINTU
Share
0.4%
Value
$2m
Shares
6,924
-4%
Ishares TRIJK
Share
0.3%
Value
$1m
Shares
12,426
Held
Wisdomtree TRUSFR
Share
0.3%
Value
$1m
Shares
23,339
-16%
Ishares TRIJH
Share
0.3%
Value
$1m
Shares
14,664
-51%
Vanguard Index FDSVOO
Share
0.2%
Value
$940,930
Shares
1,370
Held
WalmartWMT
Share
0.2%
Value
$892,870
Shares
7,883
Held
AppleAAPL
Share
0.2%
Value
$702,648
Shares
2,428
-3%
State STR Spdr DOW Jones INDDIA
Share
0.1%
Value
$652,988
Shares
1,250
Held
Cisco SystemsCSCO
Share
0.1%
Value
$617,135
Shares
5,254
+3%
Rave Restaurant GroupRAVE
Share
0.1%
Value
$597,756
Shares
182,800
Held
Ishares TRIHI
Share
0.1%
Value
$562,286
Shares
11,380
Held
Vanguard Tax-Managed FDSVEA
Share
0.1%
Value
$531,383
Shares
7,458
Held
AflacAFL
Share
0.1%
Value
$514,142
Shares
4,385
Held
Johnson & JohnsonJNJ
Share
0.1%
Value
$499,813
Shares
1,968
Held
Ishares TRIVV
Share
0.1%
Value
$489,026
Shares
653
Held
Verisk AnalyticsVRSK
Share
<0.1%
Value
$386,888
Shares
2,155
Held
NvidiaNVDA
Share
<0.1%
Value
$379,528
Shares
1,897
Held
Simplify Exchange Traded FUNCTA
Share
<0.1%
Value
$378,439
Shares
14,589
New
Coca-ColaKO
Share
<0.1%
Value
$329,653
Shares
4,056
-6%
Ishares TRIWD
Share
<0.1%
Value
$328,978
Shares
1,357
-3%
ExxonMobil HoldingsXOM
Share
<0.1%
Value
$313,499
Shares
2,293
Held
Vanguard BD Index FDSBSV
Share
<0.1%
Value
$296,214
Shares
3,802
+8%
YUM BrandsYUM
Share
<0.1%
Value
$283,912
Shares
1,776
Held
Ishares Bitcoin Trust ETFIBIT
Share
<0.1%
Value
$247,245
Shares
7,427
New
Ishares TREFG
Share
<0.1%
Value
$246,725
Shares
1,983
-3%
BNY Mellon ETF TrustBKLC
Share
<0.1%
Value
$237,024
Shares
1,653
New
McDonald'sMCD
Share
<0.1%
Value
$236,609
Shares
875
+2%
Ishares TRIUSV
Share
<0.1%
Value
$235,501
Shares
2,138
Held
Invesco QQQ TRQQQ
Share
<0.1%
Value
$212,047
Shares
288
New

Company	Share of fund	Value	Shares	Change
Simplify Exchange Traded FUNMTBA	9.9%	$44m	902,254	+3%
Dimensional ETF TrustDFAC	9.1%	$41m	916,418	Held
T Rowe Price Exchange-TradedTMSL	8.0%	$36m	813,692	Held
ETF Opportunities TrustVSLU	7.7%	$35m	748,065	+4%
Dimensional ETF TrustDFAT	6.7%	$30m	431,658	Held
Ishares TRTLH	6.2%	$28m	275,011	Held
Fidelity Merrimack STR TRFBND	4.7%	$21m	460,856	+4%
Dimensional ETF TrustDFIC	3.6%	$16m	433,264	Held
Dimensional ETF TrustDFEM	2.7%	$12m	295,106	-11%
American Centy ETF TRAVDE	2.3%	$10m	114,677	+7%
EA Series TrustFRDM	2.0%	$9m	125,414	-27%
AlphabetGOOG	2.0%	$9m	25,329	Held
Ishares TRSGOV	1.8%	$8m	78,114	+17%
AmphenolAPH	1.7%	$8m	44,073	-3%
Berkshire HathawayBRK-B	1.7%	$8m	15,058	Held
AlphabetGOOGL	1.5%	$7m	19,319	-2%
TeslaTSLA	1.5%	$7m	16,045	Held
VisaV	1.1%	$5m	14,968	+2%
MicrosoftMSFT	1.1%	$5m	13,547	Held
Westinghouse Air Brake TechnologiesWAB	1.1%	$5m	18,552	-7%
Amazon.comAMZN	1.1%	$5m	20,308	Held
Cavco IndustriesCVCO	1.1%	$5m	7,788	Held
Carlisle CompaniesCSL	1.1%	$5m	13,114	Held
StrykerSYK	1.1%	$5m	15,027	Held
Horton D RDHI	1.0%	$4m	27,110	Held
Markel GroupMKL	1.0%	$4m	2,216	Held
PaccarPCAR	1.0%	$4m	35,820	Held
General DynamicsGD	0.9%	$4m	11,986	-8%
Texas Pacific LandTPL	0.9%	$4m	9,634	Held
Cava GroupCAVA	0.9%	$4m	51,413	-5%
NXP SemiconductorsNXPI	0.9%	$4m	14,089	-10%
UFP IndustriesUFPI	0.8%	$4m	40,846	+8%
CumminsCMI	0.8%	$4m	5,092	-4%
Uber TechnologiesUBER	0.8%	$4m	49,490	Held
Agilent TechnologiesA	0.8%	$4m	26,562	+3%
First Financial BanksharesFFIN	0.7%	$3m	95,256	Held
Lowe's CompaniesLOW	0.7%	$3m	14,644	Held
ServisFirst BancsharesSFBS	0.7%	$3m	34,939	+6%
Ssga Active TR	0.6%	$3m	67,996	+2%
ServiceNowNOW	0.6%	$3m	28,809	New
Ishares TRIUSG	0.6%	$3m	15,069	Held
AccentureACN	0.6%	$3m	22,684	+50%
Meta PlatformsMETA	0.5%	$2m	4,293	-16%
NVRNVR	0.4%	$2m	274	-27%
IntuitINTU	0.4%	$2m	6,924	-4%
Ishares TRIJK	0.3%	$1m	12,426	Held
Wisdomtree TRUSFR	0.3%	$1m	23,339	-16%
Ishares TRIJH	0.3%	$1m	14,664	-51%
Vanguard Index FDSVOO	0.2%	$940,930	1,370	Held
WalmartWMT	0.2%	$892,870	7,883	Held
AppleAAPL	0.2%	$702,648	2,428	-3%
State STR Spdr DOW Jones INDDIA	0.1%	$652,988	1,250	Held
Cisco SystemsCSCO	0.1%	$617,135	5,254	+3%
Rave Restaurant GroupRAVE	0.1%	$597,756	182,800	Held
Ishares TRIHI	0.1%	$562,286	11,380	Held
Vanguard Tax-Managed FDSVEA	0.1%	$531,383	7,458	Held
AflacAFL	0.1%	$514,142	4,385	Held
Johnson & JohnsonJNJ	0.1%	$499,813	1,968	Held
Ishares TRIVV	0.1%	$489,026	653	Held
Verisk AnalyticsVRSK	<0.1%	$386,888	2,155	Held
NvidiaNVDA	<0.1%	$379,528	1,897	Held
Simplify Exchange Traded FUNCTA	<0.1%	$378,439	14,589	New
Coca-ColaKO	<0.1%	$329,653	4,056	-6%
Ishares TRIWD	<0.1%	$328,978	1,357	-3%
ExxonMobil HoldingsXOM	<0.1%	$313,499	2,293	Held
Vanguard BD Index FDSBSV	<0.1%	$296,214	3,802	+8%
YUM BrandsYUM	<0.1%	$283,912	1,776	Held
Ishares Bitcoin Trust ETFIBIT	<0.1%	$247,245	7,427	New
Ishares TREFG	<0.1%	$246,725	1,983	-3%
BNY Mellon ETF TrustBKLC	<0.1%	$237,024	1,653	New
McDonald'sMCD	<0.1%	$236,609	875	+2%
Ishares TRIUSV	<0.1%	$235,501	2,138	Held
Invesco QQQ TRQQQ	<0.1%	$212,047	288	New

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is up 16.6% since 30 June 2025.

Where the money is

Industrials6.6%

Technology5.8%

Retail & consumer5.7%

Financial services5.3%

Media & telecom4.1%

Health care2.0%

Materials1.1%

Energy1.0%

Everyday goods0.4%

Other68.0%

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.