Hillman Capital Management, Inc.
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Hillman Capital Management, Inc. reported 53 stock positions worth $283.2 million. Its top holding was Microsoft (MSFT) at 3.7% of the portfolio, followed by Amazon.com (AMZN, 3.4%) and Intl Flavors & Fragrances (IFF, 3.4%). Compared with Q1 2024, it opened 2 new positions, sold out of 1, added to 9 and reduced 38. The biggest buy was a new position in Adobe (ADBE) and the biggest sale an exit from Taiwan Semiconductor-SP ADR (TSM).
- Most Recent 13F
- Q2 2026
- Location
- BETHESDA, MD
- CIK
- 0001314620
- Portfolio Value
- $283.2M (Q2 2024)
- SEC Filing
- 0001398344-24-014601 ↗ filed Aug 14, 2024
Holdings Value
Holdings 53 stocks · $283.2M
| MSFT Microsoft Corp. | 3.74% | 23,675 | $10.6M | Reduce -8.1% |
| AMZN Amazon.com Inc. | 3.39% | 49,642 | $9.6M | Reduce -16.3% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 3.38% | 100,579 | $9.6M | Reduce -8.4% |
| WFC Wells Fargo & Co. | 3.38% | 161,123 | $9.6M | Reduce -13.3% |
| SPG Simon Property Group Inc. | 3.30% | 61,594 | $9.3M | Reduce -0.4% |
| DD Dupont DE Nemours Inc. | 3.20% | 112,698 | $9.1M | Reduce -13.4% |
| T AT&T Inc. | 3.09% | 457,516 | $8.7M | Reduce -10.5% |
| WBD Warner Bros Discovery Inc. | 3.04% | 1,158,862 | $8.6M | Add +28.5% |
| KMX Carmax Inc. | 2.97% | 114,684 | $8.4M | Reduce -0.3% |
| BIIB Biogen Inc. | 2.94% | 35,954 | $8.3M | Add +0.5% |
| K Kellanova | 2.92% | 143,491 | $8.3M | Reduce -9.5% |
| BA The Boeing Co. | 2.82% | 43,885 | $8.0M | Add +0.5% |
| ADBE Adobe Inc. | 2.75% | 14,000 | $7.8M | New |
| KHC The Kraft Heinz Co. | 2.70% | 237,171 | $7.6M | Add +0.6% |
| BUD Anheuser-Busch Inbev-SPN ADR | 2.69% | 131,051 | $7.6M | Reduce -8.8% |
| GSK GSK PLC-Spon ADR | 2.65% | 195,126 | $7.5M | Reduce -16.4% |
| BAX Baxter International Inc. | 2.61% | 220,576 | $7.4M | Add +0.7% |
| CVS CVS Health Corp. | 2.59% | 124,329 | $7.3M | Add +9.0% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 2.58% | 68,586 | $7.3M | Add +48.2% |
| INTC Intel Corp. | 2.45% | 224,036 | $6.9M | Add +9.4% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 2.37% | 112,230 | $6.7M | Reduce -17.3% |
| BMY Bristol-Myers Squibb Co. | 2.35% | 160,529 | $6.7M | New |
| CPB The Campbell's Company filed as CAMPBELL SOUP CO | 2.30% | 144,006 | $6.5M | Reduce -0.6% |
| GOOGL Alphabet Inc. Class A | 2.30% | 35,700 | $6.5M | Reduce -20.7% |
| EMR Emerson Electric Co. | 2.29% | 58,831 | $6.5M | Reduce -14.7% |
| PFE Pfizer Inc. | 2.28% | 231,150 | $6.5M | Reduce -0.4% |
| USB US Bancorp | 2.28% | 162,854 | $6.5M | Reduce -0.5% |
| JWN Nordstrom Inc. | 2.17% | 289,290 | $6.1M | Reduce -26.6% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 2.14% | 52,444 | $6.0M | Reduce -0.6% |
| VZ Verizon Communications Inc. | 2.09% | 143,609 | $5.9M | Reduce -11.8% |
| BDX Becton Dickinson and Co. | 2.07% | 25,115 | $5.9M | Reduce -0.5% |
| CMCSA Comcast Corp. Class A | 2.06% | 149,043 | $5.8M | Reduce -0.3% |
| WU Western Union Co. | 1.97% | 456,163 | $5.6M | Reduce -0.5% |
| CAG Conagra Brands Inc. | 1.96% | 195,394 | $5.6M | Reduce -0.6% |
| CRM Salesforce Inc. | 1.92% | 21,193 | $5.4M | Reduce -21.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.91% | 54,618 | $5.4M | Reduce -0.7% |
| ZBH Zimmer Biomet Holdings Inc. | 1.77% | 46,298 | $5.0M | Reduce -0.3% |
| NKE Nike Inc. Class B | 1.68% | 63,000 | $4.7M | No change |
| EFX Equifax Inc. | 1.01% | 11,769 | $2.9M | Reduce -1.1% |
| EFA iShares MSCI Eafe ETF | 0.66% | 23,756 | $1.9M | Reduce -1.8% |
| GOOG Alphabet Inc. Class C | 0.11% | 1,771 | $325K | Reduce -15.3% |
| APD Air Products & Chemicals Inc. | 0.11% | 1,200 | $310K | Reduce -10.7% |
| RTX RTX Corp. | 0.10% | 2,947 | $296K | Reduce -12.2% |
| MMM 3M Co. | 0.10% | 2,881 | $294K | Reduce -9.6% |
| NOW ServiceNow Inc. | 0.10% | 370 | $291K | Reduce -10.4% |
| STZ Constellation Brands Inc. Class A | 0.10% | 1,072 | $276K | Reduce -9.0% |
| BLK BlackRock Finance Inc. | 0.10% | 349 | $275K | Reduce -10.5% |
| GE General Electric filed as GE AEROSPACE | 0.10% | 1,727 | $275K | Reduce -16.5% |
| MDT Medtronic PLC | 0.09% | 3,162 | $249K | Reduce -9.5% |
| UNH Unitedhealth Group Inc. | 0.08% | 471 | $240K | No change |
| HD Home Depot Inc. | 0.08% | 670 | $231K | No change |
| IVV iShares Core S&P 500 ETF | 0.08% | 412 | $225K | No change |
| IWR iShares Russell Mid-Cap ETF | 0.07% | 2,479 | $201K | Add +0.1% |
Portfolio Sells Q1 2024 → Q2 2024
| TSM Taiwan Semiconductor-SP ADR | Sold out | 0.00% | −3.50 |
| CRM Salesforce Inc. | Reduce -21.2% | 1.92% | −0.68 |
| GSK GSK PLC-Spon ADR | Reduce -16.4% | 2.65% | −0.56 |
| JWN Nordstrom Inc. | Reduce -26.6% | 2.17% | −0.40 |
| KMX Carmax Inc. | Reduce -0.3% | 2.97% | −0.25 |
| DIS The Walt Disney Co. | Reduce -0.7% | 1.91% | −0.25 |
| EMR Emerson Electric Co. | Reduce -14.7% | 2.29% | −0.23 |
| ZBH Zimmer Biomet Holdings Inc. | Reduce -0.3% | 1.77% | −0.20 |
| BNY Bank of New York Mellon Corp. | Reduce -17.3% | 2.37% | −0.14 |
| BUD Anheuser-Busch Inbev-SPN ADR | Reduce -8.8% | 2.69% | −0.12 |
| VZ Verizon Communications Inc. | Reduce -11.8% | 2.09% | −0.11 |
| WU Western Union Co. | Reduce -0.5% | 1.97% | −0.09 |
| WFC Wells Fargo & Co. | Reduce -13.3% | 3.38% | −0.08 |
| USB US Bancorp | Reduce -0.5% | 2.28% | −0.07 |
| AMZN Amazon.com Inc. | Reduce -16.3% | 3.39% | −0.05 |
| CMCSA Comcast Corp. Class A | Reduce -0.3% | 2.06% | −0.02 |
| GE General Electric | Reduce -16.5% | 0.10% | −0.02 |
| EFX Equifax Inc. | Reduce -1.1% | 1.01% | −0.01 |
| MDT Medtronic PLC | Reduce -9.5% | 0.09% | −0.01 |
| BLK BlackRock Finance Inc. | Reduce -10.5% | 0.10% | −0.01 |
| STZ Constellation Brands Inc. Class A | Reduce -9.0% | 0.10% | −0.01 |
| DD Dupont DE Nemours Inc. | Reduce -13.4% | 3.20% | −0.01 |
| MMM 3M Co. | Reduce -9.6% | 0.10% | −0.00 |
| RTX RTX Corp. | Reduce -12.2% | 0.10% | −0.00 |
| NOW ServiceNow Inc. | Reduce -10.4% | 0.10% | +0.00 |
| K Kellanova | Reduce -9.5% | 2.92% | +0.00 |
| APD Air Products & Chemicals Inc. | Reduce -10.7% | 0.11% | +0.00 |
| GOOG Alphabet Inc. Class C | Reduce -15.3% | 0.11% | +0.01 |
| EFA iShares MSCI Eafe ETF | Reduce -1.8% | 0.66% | +0.04 |
| BDX Becton Dickinson and Co. | Reduce -0.5% | 2.07% | +0.07 |
| TROW T Rowe Price Group Inc. | Reduce -0.6% | 2.14% | +0.07 |
| CAG Conagra Brands Inc. | Reduce -0.6% | 1.96% | +0.09 |
| GOOGL Alphabet Inc. Class A | Reduce -20.7% | 2.30% | +0.11 |
| SPG Simon Property Group Inc. | Reduce -0.4% | 3.30% | +0.19 |
| T AT&T Inc. | Reduce -10.5% | 3.09% | +0.19 |
| PFE Pfizer Inc. | Reduce -0.4% | 2.28% | +0.21 |
| CPB The Campbell's Company | Reduce -0.6% | 2.30% | +0.23 |
| MSFT Microsoft Corp. | Reduce -8.1% | 3.74% | +0.25 |
| IFF Intl Flavors & Fragrances | Reduce -8.4% | 3.38% | +0.35 |
Portfolio Buys Q1 2024 → Q2 2024
| ADBE Adobe Inc. | New | 2.75% | +2.75 |
| BMY Bristol-Myers Squibb Co. | New | 2.35% | +2.35 |
| WBD Warner Bros Discovery Inc. | Add +28.5% | 3.04% | +0.51 |
| BIIB Biogen Inc. | Add +0.5% | 2.94% | +0.46 |
| EL Estee Lauder Companies Class A | Add +48.2% | 2.58% | +0.28 |
| BA The Boeing Co. | Add +0.5% | 2.82% | +0.11 |
| IWR iShares Russell Mid-Cap ETF | Add +0.1% | 0.07% | +0.00 |
| KHC The Kraft Heinz Co. | Add +0.6% | 2.70% | −0.10 |
| CVS CVS Health Corp. | Add +9.0% | 2.59% | −0.33 |
| BAX Baxter International Inc. | Add +0.7% | 2.61% | −0.40 |
| INTC Intel Corp. | Add +9.4% | 2.45% | −0.46 |
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 |