Hillman Capital Management, Inc.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Hillman Capital Management, Inc. reported 52 stock positions worth $311.2 million. Its top holding was Taiwan Semiconductor-SP ADR (TSM) at 3.5% of the portfolio, followed by Microsoft (MSFT, 3.5%) and Wells Fargo (WFC, 3.5%). Compared with Q4 2023, it opened 4 new positions, sold out of 5, added to 29 and reduced 19. The biggest buy was a new position in Campbell's (CPB) and the biggest sale an exit from ASML Holding NV-NY Reg SHS (ASML).
- Most Recent 13F
- Q2 2026
- Location
- BETHESDA, MD
- CIK
- 0001314620
- Portfolio Value
- $311.2M (Q1 2024)
- SEC Filing
- 0001398344-24-009628 ↗ filed May 15, 2024
Holdings Value
Holdings 52 stocks · $311.2M
| TSM Taiwan Semiconductor-SP ADR | 3.50% | 79,991 | $10.9M | Reduce -1.3% |
| MSFT Microsoft Corp. | 3.48% | 25,758 | $10.8M | Reduce -0.4% |
| WFC Wells Fargo & Co. | 3.46% | 185,804 | $10.8M | Reduce -0.2% |
| AMZN Amazon.com Inc. | 3.44% | 59,299 | $10.7M | Add +0.7% |
| KMX Carmax Inc. | 3.22% | 114,979 | $10.0M | Add +44.8% |
| GSK GSK PLC-Spon ADR | 3.22% | 233,486 | $10.0M | Add +0.0% |
| DD Dupont DE Nemours Inc. | 3.21% | 130,201 | $10.0M | Add +17.0% |
| SPG Simon Property Group Inc. | 3.11% | 61,833 | $9.7M | Reduce -12.9% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 3.03% | 109,751 | $9.4M | Reduce -0.5% |
| BAX Baxter International Inc. | 3.01% | 218,962 | $9.4M | Add +1.3% |
| CVS CVS Health Corp. | 2.92% | 114,038 | $9.1M | Add +0.3% |
| K Kellanova | 2.92% | 158,488 | $9.1M | Add +16.4% |
| INTC Intel Corp. | 2.91% | 204,691 | $9.0M | Add +11.3% |
| T AT&T Inc. | 2.89% | 511,394 | $9.0M | Add +5.7% |
| BUD Anheuser-Busch Inbev-SPN ADR | 2.81% | 143,673 | $8.7M | Add +16.7% |
| KHC The Kraft Heinz Co. | 2.79% | 235,674 | $8.7M | Add +0.3% |
| BA The Boeing Co. | 2.71% | 43,683 | $8.4M | Add +22.7% |
| CRM Salesforce Inc. | 2.60% | 26,889 | $8.1M | Reduce -1.0% |
| JWN Nordstrom Inc. | 2.57% | 394,021 | $8.0M | Reduce -0.3% |
| WBD Warner Bros Discovery Inc. | 2.53% | 902,014 | $7.9M | Add +33.1% |
| EMR Emerson Electric Co. | 2.51% | 68,971 | $7.8M | Reduce -0.0% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 2.51% | 135,729 | $7.8M | Reduce -0.5% |
| BIIB Biogen Inc. | 2.48% | 35,792 | $7.7M | Add +3.8% |
| USB US Bancorp | 2.35% | 163,732 | $7.3M | Add +5.0% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 2.29% | 46,289 | $7.1M | Add +5.2% |
| VZ Verizon Communications Inc. | 2.20% | 162,911 | $6.8M | Add +3.1% |
| GOOGL Alphabet Inc. Class A | 2.18% | 45,000 | $6.8M | Add +6.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 2.16% | 55,008 | $6.7M | Reduce -5.6% |
| CMCSA Comcast Corp. Class A | 2.08% | 149,516 | $6.5M | Add +2191.4% |
| PFE Pfizer Inc. | 2.07% | 232,142 | $6.4M | Add +23.6% |
| CPB The Campbell's Company filed as CAMPBELL SOUP CO | 2.07% | 144,803 | $6.4M | New |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 2.07% | 52,776 | $6.4M | Add +2.2% |
| WU Western Union Co. | 2.06% | 458,562 | $6.4M | Add +2.2% |
| BDX Becton Dickinson and Co. | 2.01% | 25,233 | $6.2M | Add +0.4% |
| ZBH Zimmer Biomet Holdings Inc. | 1.97% | 46,444 | $6.1M | Add +2.1% |
| NKE Nike Inc. Class B | 1.90% | 63,000 | $5.9M | New |
| CAG Conagra Brands Inc. | 1.87% | 196,582 | $5.8M | Add +2.4% |
| EFX Equifax Inc. | 1.02% | 11,894 | $3.2M | Reduce -1.2% |
| EFA iShares MSCI Eafe ETF | 0.62% | 24,190 | $1.9M | Add +2.2% |
| GE General Electric | 0.12% | 2,068 | $363K | Reduce -20.1% |
| MMM 3M Co. | 0.11% | 3,186 | $338K | New |
| RTX RTX Corp. | 0.11% | 3,358 | $328K | Reduce -5.8% |
| APD Air Products & Chemicals Inc. | 0.10% | 1,344 | $326K | Add +35.4% |
| BLK BlackRock Finance Inc. | 0.10% | 390 | $325K | Reduce -4.2% |
| STZ Constellation Brands Inc. Class A | 0.10% | 1,178 | $320K | Reduce -1.3% |
| GOOG Alphabet Inc. Class C | 0.10% | 2,091 | $318K | Reduce -5.4% |
| NOW ServiceNow Inc. | 0.10% | 413 | $315K | Reduce -14.3% |
| MDT Medtronic PLC | 0.10% | 3,493 | $304K | New |
| HD Home Depot Inc. | 0.08% | 670 | $257K | Reduce -33.0% |
| UNH Unitedhealth Group Inc. | 0.07% | 471 | $233K | Reduce -29.8% |
| IVV iShares Core S&P 500 ETF | 0.07% | 412 | $217K | Add +6.5% |
| IWR iShares Russell Mid-Cap ETF | 0.07% | 2,476 | $208K | Add +0.1% |
Portfolio Sells Q4 2023 → Q1 2024
| ASML ASML Holding NV-NY Reg SHS | Sold out | 0.00% | −3.26 |
| LRCX Lam Research Corp. | Sold out | 0.00% | −2.45 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −2.25 |
| SPY SS SPDR S&P 500 ETF Trust-US | Sold out | 0.00% | −0.87 |
| SPG Simon Property Group Inc. | Reduce -12.9% | 3.11% | −0.38 |
| SYK Stryker Corp. | Sold out | 0.00% | −0.08 |
| IFF Intl Flavors & Fragrances | Reduce -0.5% | 3.03% | −0.05 |
| UNH Unitedhealth Group Inc. | Reduce -29.8% | 0.07% | −0.05 |
| HD Home Depot Inc. | Reduce -33.0% | 0.08% | −0.04 |
| NOW ServiceNow Inc. | Reduce -14.3% | 0.10% | −0.02 |
| BLK BlackRock Finance Inc. | Reduce -4.2% | 0.10% | −0.01 |
| GOOG Alphabet Inc. Class C | Reduce -5.4% | 0.10% | −0.01 |
| EFX Equifax Inc. | Reduce -1.2% | 1.02% | −0.01 |
| RTX RTX Corp. | Reduce -5.8% | 0.11% | +0.00 |
| GE General Electric | Reduce -20.1% | 0.12% | +0.00 |
| STZ Constellation Brands Inc. Class A | Reduce -1.3% | 0.10% | +0.00 |
| JWN Nordstrom Inc. | Reduce -0.3% | 2.57% | +0.05 |
| BNY Bank of New York Mellon Corp. | Reduce -0.5% | 2.51% | +0.06 |
| MSFT Microsoft Corp. | Reduce -0.4% | 3.48% | +0.13 |
| CRM Salesforce Inc. | Reduce -1.0% | 2.60% | +0.13 |
| EMR Emerson Electric Co. | Reduce -0.0% | 2.51% | +0.20 |
| WFC Wells Fargo & Co. | Reduce -0.2% | 3.46% | +0.30 |
| DIS The Walt Disney Co. | Reduce -5.6% | 2.16% | +0.35 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -1.3% | 3.50% | +0.59 |
Portfolio Buys Q4 2023 → Q1 2024
| CPB The Campbell's Company | New | 2.07% | +2.07 |
| CMCSA Comcast Corp. Class A | Add +2191.4% | 2.08% | +1.98 |
| NKE Nike Inc. Class B | New | 1.90% | +1.90 |
| KMX Carmax Inc. | Add +44.8% | 3.22% | +1.11 |
| AMZN Amazon.com Inc. | Add +0.7% | 3.44% | +0.35 |
| K Kellanova | Add +16.4% | 2.92% | +0.29 |
| DD Dupont DE Nemours Inc. | Add +17.0% | 3.21% | +0.25 |
| GSK GSK PLC-Spon ADR | Add +0.0% | 3.22% | +0.23 |
| WU Western Union Co. | Add +2.2% | 2.06% | +0.21 |
| PFE Pfizer Inc. | Add +23.6% | 2.07% | +0.20 |
| TROW T Rowe Price Group Inc. | Add +2.2% | 2.07% | +0.15 |
| VZ Verizon Communications Inc. | Add +3.1% | 2.20% | +0.14 |
| GOOGL Alphabet Inc. Class A | Add +6.0% | 2.18% | +0.14 |
| BAX Baxter International Inc. | Add +1.3% | 3.01% | +0.12 |
| MMM 3M Co. | New | 0.11% | +0.11 |
| MDT Medtronic PLC | New | 0.10% | +0.10 |
| T AT&T Inc. | Add +5.7% | 2.89% | +0.09 |
| EL Estee Lauder Companies Class A | Add +5.2% | 2.29% | +0.07 |
| BUD Anheuser-Busch Inbev-SPN ADR | Add +16.7% | 2.81% | +0.06 |
| ZBH Zimmer Biomet Holdings Inc. | Add +2.1% | 1.97% | +0.06 |
| USB US Bancorp | Add +5.0% | 2.35% | +0.02 |
| APD Air Products & Chemicals Inc. | Add +35.4% | 0.10% | +0.01 |
| IVV iShares Core S&P 500 ETF | Add +6.5% | 0.07% | +0.01 |
| EFA iShares MSCI Eafe ETF | Add +2.2% | 0.62% | +0.01 |
| IWR iShares Russell Mid-Cap ETF | Add +0.1% | 0.07% | +0.00 |
| CAG Conagra Brands Inc. | Add +2.4% | 1.87% | −0.03 |
| BDX Becton Dickinson and Co. | Add +0.4% | 2.01% | −0.11 |
| WBD Warner Bros Discovery Inc. | Add +33.1% | 2.53% | −0.13 |
| CVS CVS Health Corp. | Add +0.3% | 2.92% | −0.18 |
| KHC The Kraft Heinz Co. | Add +0.3% | 2.79% | −0.21 |
| INTC Intel Corp. | Add +11.3% | 2.91% | −0.29 |
| BA The Boeing Co. | Add +22.7% | 2.71% | −0.49 |
| BIIB Biogen Inc. | Add +3.8% | 2.48% | −0.60 |
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 |