Hillman Capital Management, Inc.
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Hillman Capital Management, Inc. reported 54 stock positions worth $138.2 million. Its top holding was CVS Health (CVS) at 4.2% of the portfolio, followed by Biogen (BIIB, 3.8%) and Dupont DE Nemours (DD, 3.7%). Compared with Q1 2026, it opened 2 new positions, sold out of 4, added to 14 and reduced 36. The biggest buy was a new position in Veeva Systems Class A (VEEV) and the biggest sale T Rowe Price (TROW, shares −86%).
- Most Recent 13F
- Q2 2026
- Location
- BETHESDA, MD
- CIK
- 0001314620
- Portfolio Value
- $138.2M (Q2 2026)
- SEC Filing
- 0001398344-26-014467 ↗ filed Aug 14, 2026
Holdings Value
Holdings 54 stocks · $138.2M
| CVS CVS Health Corp. | 4.15% | 55,475 | $5.7M | Reduce -17.8% |
| BIIB Biogen Inc. | 3.75% | 23,993 | $5.2M | Reduce -18.8% |
| DD Dupont DE Nemours Inc. | 3.71% | 37,745 | $5.1M | Reduce -4.0% |
| WBD Warner Bros Discovery Inc. | 3.67% | 189,986 | $5.1M | Reduce -3.2% |
| BAX Baxter International Inc. | 3.64% | 236,032 | $5.0M | Reduce -4.6% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 3.61% | 62,875 | $5.0M | Reduce -13.6% |
| GSK GSK PLC-Spon ADR | 3.51% | 92,383 | $4.8M | Reduce -5.2% |
| KMX Carmax Inc. | 3.50% | 91,385 | $4.8M | Reduce -16.3% |
| BA The Boeing Co. | 3.38% | 21,574 | $4.7M | Reduce -3.4% |
| ZBH Zimmer Biomet Holdings Inc. | 3.36% | 53,943 | $4.6M | Reduce -3.1% |
| KHC The Kraft Heinz Co. | 3.36% | 196,494 | $4.6M | Reduce -2.3% |
| BF.B Brown-Forman Corp. Class B | 3.33% | 172,514 | $4.6M | Reduce -2.2% |
| PFE Pfizer Inc. | 3.04% | 174,610 | $4.2M | Reduce -7.1% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 2.87% | 50,226 | $4.0M | Reduce -3.7% |
| FISV Fiserv Inc. | 2.79% | 78,456 | $3.8M | Reduce -2.8% |
| MSFT Microsoft Corp. | 2.78% | 10,296 | $3.8M | Reduce -4.9% |
| CPB The Campbell's Company | 2.60% | 161,043 | $3.6M | Reduce -3.1% |
| ADBE Adobe Inc. | 2.57% | 17,288 | $3.5M | Add +6.7% |
| EFA iShares MSCI Eafe ETF | 2.39% | 31,743 | $3.3M | Add +2.9% |
| NKE Nike Inc. Class B | 2.32% | 78,213 | $3.2M | Add +0.4% |
| TSM Taiwan Semiconductor-SP ADR | 1.94% | 5,608 | $2.7M | Reduce -29.6% |
| BMY Bristol-Myers Squibb Co. | 1.89% | 45,235 | $2.6M | Reduce -14.8% |
| WST West Pharmaceutical Services | 1.85% | 7,106 | $2.6M | Reduce -20.2% |
| USB US Bancorp | 1.80% | 41,252 | $2.5M | Reduce -21.5% |
| VEEV Veeva Systems Inc. Class A | 1.80% | 14,008 | $2.5M | New |
| CMCSA Comcast Corp. Class A | 1.79% | 100,843 | $2.5M | Add +5.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.77% | 25,385 | $2.4M | Add +3.2% |
| CAG Conagra Brands Inc. | 1.76% | 180,728 | $2.4M | Add +22.4% |
| VZ Verizon Communications Inc. | 1.75% | 57,263 | $2.4M | Reduce -11.9% |
| UPS United Parcel Service Class B | 1.74% | 22,316 | $2.4M | No change |
| BDX Becton Dickinson and Co. | 1.67% | 15,238 | $2.3M | Add +7.2% |
| UNH Unitedhealth Group Inc. | 1.63% | 5,405 | $2.2M | Reduce -27.0% |
| DEO Diageo PLC-Sponsored ADR | 1.60% | 27,492 | $2.2M | Reduce -0.1% |
| STZ Constellation Brands Inc. Class A | 1.58% | 15,651 | $2.2M | Reduce -16.7% |
| CRM Salesforce Inc. | 1.55% | 13,658 | $2.1M | Add +24.7% |
| EFX Equifax Inc. | 1.44% | 12,541 | $2.0M | Reduce -7.5% |
| AKAM Akamai Technologies Inc. | 1.40% | 16,387 | $1.9M | Reduce -28.2% |
| HSY The Hershey Co. | 1.35% | 10,608 | $1.9M | No change |
| ORCL Oracle Corp. | 1.22% | 11,496 | $1.7M | Reduce -28.6% |
| IVV iShares Core S&P 500 ETF | 0.86% | 1,589 | $1.2M | Add +27.1% |
| MDT Medtronic PLC | 0.32% | 5,707 | $446K | Add +55.6% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.30% | 3,610 | $410K | Reduce -86.1% |
| APD Air Products & Chemicals Inc. | 0.28% | 1,306 | $383K | Reduce -2.5% |
| ACN Accenture PLC Class A | 0.28% | 3,055 | $380K | New |
| TMO Thermo Fisher Scientific Inc. | 0.27% | 750 | $376K | Add +14.3% |
| RTX RTX Corp. | 0.27% | 1,935 | $367K | Reduce -2.0% |
| GOOG Alphabet Inc. Class C | 0.26% | 1,030 | $364K | Reduce -8.6% |
| NOW ServiceNow Inc. | 0.25% | 3,415 | $339K | Add +1.1% |
| CLX Clorox Company | 0.24% | 3,531 | $337K | Reduce -0.7% |
| BLK BlackRock Inc. | 0.24% | 343 | $330K | Reduce -1.1% |
| INTU Intuit Inc. | 0.23% | 1,203 | $314K | Add +25.7% |
| CSGP Costar Group Inc. | 0.22% | 10,745 | $304K | Add +25.6% |
| IWR iShares Russell Mid-Cap ETF | 0.16% | 2,007 | $221K | Reduce -18.1% |
| GOOGL Alphabet Inc. Class A | 0.00% | 4 | $1K | Reduce -33.3% |
Portfolio Sells Q1 2026 → Q2 2026
| TROW T Rowe Price Group Inc. | Reduce -86.1% | 0.30% | −1.32 |
| PFE Pfizer Inc. | Reduce -7.1% | 3.04% | −0.62 |
| VZ Verizon Communications Inc. | Reduce -11.9% | 1.75% | −0.51 |
| ORCL Oracle Corp. | Reduce -28.6% | 1.22% | −0.43 |
| AKAM Akamai Technologies Inc. | Reduce -28.2% | 1.40% | −0.42 |
| STZ Constellation Brands Inc. Class A | Reduce -16.7% | 1.58% | −0.38 |
| BMY Bristol-Myers Squibb Co. | Reduce -14.8% | 1.89% | −0.35 |
| FISV Fiserv Inc. | Reduce -2.8% | 2.79% | −0.34 |
| EFX Equifax Inc. | Reduce -7.5% | 1.44% | −0.25 |
| GE General Electric | Sold out | 0.00% | −0.25 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Sold out | 0.00% | −0.24 |
| GSK GSK PLC-Spon ADR | Reduce -5.2% | 3.51% | −0.23 |
| IGOV iShares International Treasu | Sold out | 0.00% | −0.16 |
| BWX SS SPDR BB Intl Treasury BD | Sold out | 0.00% | −0.16 |
| ZBH Zimmer Biomet Holdings Inc. | Reduce -3.1% | 3.36% | −0.14 |
| USB US Bancorp | Reduce -21.5% | 1.80% | −0.09 |
| WBD Warner Bros Discovery Inc. | Reduce -3.2% | 3.67% | −0.08 |
| IFF Intl Flavors & Fragrances | Reduce -13.6% | 3.61% | −0.06 |
| DD Dupont DE Nemours Inc. | Reduce -4.0% | 3.71% | −0.04 |
| CLX Clorox Company | Reduce -0.7% | 0.24% | −0.01 |
| BIIB Biogen Inc. | Reduce -18.8% | 3.75% | −0.01 |
| IWR iShares Russell Mid-Cap ETF | Reduce -18.1% | 0.16% | −0.01 |
| MSFT Microsoft Corp. | Reduce -4.9% | 2.78% | −0.00 |
| GOOGL Alphabet Inc. Class A | Reduce -33.3% | 0.00% | −0.00 |
| RTX RTX Corp. | Reduce -2.0% | 0.27% | +0.00 |
| APD Air Products & Chemicals Inc. | Reduce -2.5% | 0.28% | +0.01 |
| BLK BlackRock Inc. | Reduce -1.1% | 0.24% | +0.01 |
| CPB The Campbell's Company | Reduce -3.1% | 2.60% | +0.03 |
| GOOG Alphabet Inc. Class C | Reduce -8.6% | 0.26% | +0.04 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -29.6% | 1.94% | +0.07 |
| BF.B Brown-Forman Corp. Class B | Reduce -2.2% | 3.33% | +0.09 |
| DEO Diageo PLC-Sponsored ADR | Reduce -0.1% | 1.60% | +0.18 |
| KHC The Kraft Heinz Co. | Reduce -2.3% | 3.36% | +0.22 |
| UNH Unitedhealth Group Inc. | Reduce -27.0% | 1.63% | +0.23 |
| EL Estee Lauder Companies Class A | Reduce -3.7% | 2.87% | +0.27 |
| BA The Boeing Co. | Reduce -3.4% | 3.38% | +0.29 |
| WST West Pharmaceutical Services | Reduce -20.2% | 1.85% | +0.30 |
| KMX Carmax Inc. | Reduce -16.3% | 3.50% | +0.35 |
| BAX Baxter International Inc. | Reduce -4.6% | 3.64% | +0.76 |
| CVS CVS Health Corp. | Reduce -17.8% | 4.15% | +0.79 |
Portfolio Buys Q1 2026 → Q2 2026
| VEEV Veeva Systems Inc. Class A | New | 1.80% | +1.80 |
| EFA iShares MSCI Eafe ETF | Add +2.9% | 2.39% | +0.31 |
| IVV iShares Core S&P 500 ETF | Add +27.1% | 0.86% | +0.29 |
| ACN Accenture PLC Class A | New | 0.28% | +0.28 |
| CAG Conagra Brands Inc. | Add +22.4% | 1.76% | +0.15 |
| CRM Salesforce Inc. | Add +24.7% | 1.55% | +0.13 |
| DIS The Walt Disney Co. | Add +3.2% | 1.77% | +0.12 |
| BDX Becton Dickinson and Co. | Add +7.2% | 1.67% | +0.12 |
| MDT Medtronic PLC | Add +55.6% | 0.32% | +0.10 |
| TMO Thermo Fisher Scientific Inc. | Add +14.3% | 0.27% | +0.05 |
| NOW ServiceNow Inc. | Add +1.1% | 0.25% | +0.00 |
| CSGP Costar Group Inc. | Add +25.6% | 0.22% | −0.02 |
| INTU Intuit Inc. | Add +25.7% | 0.23% | −0.06 |
| CMCSA Comcast Corp. Class A | Add +5.9% | 1.79% | −0.11 |
| ADBE Adobe Inc. | Add +6.7% | 2.57% | −0.17 |
| NKE Nike Inc. Class B | Add +0.4% | 2.32% | −0.53 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 54 | $138.2M | CVS, BIIB, DD, WBD, BAX |
| Q1 2026 | 56 | $144.0M | BIIB, DD, WBD, GSK, IFF |
| Q4 2025 | 56 | $158.9M | WBD, ASML, EL, CVS, GSK |
| Q3 2025 | 53 | $171.8M | ASML, WBD, EL, CVS, BA |
| Q2 2025 | 50 | $183.3M | T, WBD, BA, EL, MSFT |
| Q1 2025 | 51 | $203.3M | T, WBD, CVS, ZBH, KMX |
| Q4 2024 | 54 | $269.6M | AMZN, T, BA, WBD, KMX |
| Q3 2024 | 52 | $291.6M | IFF, MSFT, T, DD, SPG |
| Q2 2024 | 53 | $283.2M | MSFT, AMZN, IFF, WFC, SPG |
| Q1 2024 | 52 | $311.2M | TSM, MSFT, WFC, AMZN, KMX |