Hillman Capital Management, Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Hillman Capital Management, Inc. reported 54 stock positions worth $269.6 million. Its top holding was Amazon.com (AMZN) at 4.0% of the portfolio, followed by AT&T (T, 3.8%) and Boeing (BA, 3.7%). Compared with Q3 2024, it opened 8 new positions, sold out of 6, added to 15 and reduced 30. The biggest buy was a new position in ASML Holding NV-NY Reg SHS (ASML) and the biggest sale an exit from Simon Property (SPG).
- Most Recent 13F
- Q2 2026
- Location
- BETHESDA, MD
- CIK
- 0001314620
- Portfolio Value
- $269.6M (Q4 2024)
- SEC Filing
- 0001398344-25-002778 ↗ filed Feb 14, 2025
Holdings Value
Holdings 54 stocks · $269.6M
| AMZN Amazon.com Inc. | 3.96% | 48,661 | $10.7M | Reduce -2.2% |
| T AT&T Inc. | 3.80% | 450,176 | $10.3M | Reduce -2.3% |
| BA The Boeing Co. | 3.75% | 57,098 | $10.1M | Add +20.1% |
| WBD Warner Bros Discovery Inc. | 3.62% | 922,574 | $9.8M | Reduce -18.6% |
| KMX Carmax Inc. | 3.45% | 113,869 | $9.3M | Reduce -1.2% |
| MSFT Microsoft Corp. | 3.36% | 21,487 | $9.1M | Reduce -9.2% |
| ASML ASML Holding NV-NY Reg SHS | 3.27% | 12,718 | $8.8M | New |
| NKE Nike Inc. Class B | 3.18% | 113,255 | $8.6M | Add +42.6% |
| DD Dupont DE Nemours Inc. | 3.17% | 111,900 | $8.5M | Reduce -1.2% |
| PFE Pfizer Inc. | 3.15% | 319,969 | $8.5M | Add +38.5% |
| ZBH Zimmer Biomet Holdings Inc. | 3.09% | 78,939 | $8.3M | Reduce -2.2% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 3.09% | 98,540 | $8.3M | Reduce -1.8% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 2.91% | 104,638 | $7.8M | Add +27.9% |
| GSK GSK PLC-Spon ADR | 2.90% | 231,151 | $7.8M | Add +17.4% |
| KHC The Kraft Heinz Co. | 2.82% | 247,316 | $7.6M | Add +3.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 2.81% | 68,065 | $7.6M | Add +0.1% |
| CRM Salesforce Inc. | 2.62% | 21,157 | $7.1M | Reduce -0.2% |
| GOOGL Alphabet Inc. Class A | 2.54% | 36,104 | $6.8M | Add +1.1% |
| BIIB Biogen Inc. | 2.44% | 43,066 | $6.6M | Add +22.2% |
| DEO Diageo PLC-Sponsored ADR | 2.42% | 51,395 | $6.5M | New |
| BMY Bristol-Myers Squibb Co. | 2.41% | 114,671 | $6.5M | Reduce -28.5% |
| BUD Anheuser-Busch Inbev-SPN ADR | 2.24% | 120,423 | $6.0M | Reduce -8.8% |
| BAX Baxter International Inc. | 2.21% | 204,071 | $6.0M | Reduce -8.4% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 2.20% | 52,391 | $5.9M | Reduce -0.1% |
| CPB The Campbell's Company | 2.20% | 141,340 | $5.9M | Reduce -1.9% |
| USB US Bancorp | 2.10% | 118,317 | $5.7M | Reduce -27.3% |
| VZ Verizon Communications Inc. | 2.09% | 140,965 | $5.6M | Reduce -1.9% |
| BDX Becton Dickinson and Co. | 2.08% | 24,704 | $5.6M | Reduce -1.7% |
| CMCSA Comcast Corp. Class A | 2.07% | 148,923 | $5.6M | Reduce -0.1% |
| BF.B Brown-Forman Corp. Class B | 2.06% | 146,173 | $5.6M | New |
| CVS CVS Health Corp. | 1.99% | 119,636 | $5.4M | Reduce -1.6% |
| CAG Conagra Brands Inc. | 1.97% | 191,415 | $5.3M | Reduce -2.0% |
| NUE Nucor Corp. | 1.82% | 42,140 | $4.9M | Reduce -1.9% |
| WU Western Union Co. | 1.77% | 450,149 | $4.8M | Reduce -1.4% |
| ADBE Adobe Inc. | 1.69% | 10,240 | $4.6M | Add +3.4% |
| INTC Intel Corp. | 1.36% | 183,000 | $3.7M | Reduce -32.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.36% | 6,236 | $3.7M | Add +179.9% |
| EFX Equifax Inc. | 1.08% | 11,413 | $2.9M | Reduce -3.6% |
| EFA iShares MSCI Eafe ETF | 0.74% | 26,284 | $2.0M | Add +5.3% |
| RSP Invesco S&P 500 Equal Weight | 0.57% | 8,778 | $1.5M | New |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.20% | 7,938 | $547K | New |
| IVV iShares Core S&P 500 ETF | 0.17% | 772 | $454K | Add +87.4% |
| BLK BlackRock Inc. | 0.13% | 331 | $339K | New |
| TSM Taiwan Semiconductor-SP ADR | 0.12% | 1,658 | $327K | Reduce -4.2% |
| GOOG Alphabet Inc. Class C | 0.12% | 1,714 | $326K | Reduce -1.6% |
| RTX RTX Corp. | 0.11% | 2,604 | $301K | Reduce -4.9% |
| XOM Exxon Mobil Corp. | 0.11% | 2,672 | $287K | New |
| STZ Constellation Brands Inc. Class A | 0.10% | 1,271 | $281K | Add +17.6% |
| MCHP Microchip Technology Inc. | 0.10% | 4,865 | $279K | New |
| GE General Electric filed as GE AEROSPACE | 0.10% | 1,648 | $275K | Reduce -3.6% |
| APD Air Products & Chemicals Inc. | 0.10% | 927 | $269K | Reduce -20.4% |
| UNH Unitedhealth Group Inc. | 0.10% | 529 | $268K | Add +12.3% |
| HD Home Depot Inc. | 0.10% | 670 | $261K | No change |
| IWR iShares Russell Mid-Cap ETF | 0.08% | 2,426 | $214K | Reduce -2.3% |
Portfolio Sells Q3 2024 → Q4 2024
| SPG Simon Property Group Inc. | Sold out | 0.00% | −3.28 |
| WFC Wells Fargo & Co. | Sold out | 0.00% | −3.12 |
| JWN Nordstrom Inc. | Sold out | 0.00% | −2.23 |
| EMR Emerson Electric Co. | Sold out | 0.00% | −2.21 |
| INTC Intel Corp. | Reduce -32.2% | 1.36% | −0.81 |
| BUD Anheuser-Busch Inbev-SPN ADR | Reduce -8.8% | 2.24% | −0.77 |
| BAX Baxter International Inc. | Reduce -8.4% | 2.21% | −0.69 |
| CVS CVS Health Corp. | Reduce -1.6% | 1.99% | −0.63 |
| IFF Intl Flavors & Fragrances | Reduce -1.8% | 3.09% | −0.52 |
| USB US Bancorp | Reduce -27.3% | 2.10% | −0.45 |
| BMY Bristol-Myers Squibb Co. | Reduce -28.5% | 2.41% | −0.44 |
| NUE Nucor Corp. | Reduce -1.9% | 1.82% | −0.39 |
| DD Dupont DE Nemours Inc. | Reduce -1.2% | 3.17% | −0.30 |
| CPB The Campbell's Company | Reduce -1.9% | 2.20% | −0.22 |
| CAG Conagra Brands Inc. | Reduce -2.0% | 1.97% | −0.21 |
| MSFT Microsoft Corp. | Reduce -9.2% | 3.36% | −0.13 |
| VZ Verizon Communications Inc. | Reduce -1.9% | 2.09% | −0.12 |
| EFX Equifax Inc. | Reduce -3.6% | 1.08% | −0.11 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.11 |
| MDT Medtronic PLC | Sold out | 0.00% | −0.10 |
| WU Western Union Co. | Reduce -1.4% | 1.77% | −0.10 |
| CMCSA Comcast Corp. Class A | Reduce -0.1% | 2.07% | −0.06 |
| APD Air Products & Chemicals Inc. | Reduce -20.4% | 0.10% | −0.02 |
| GE General Electric | Reduce -3.6% | 0.10% | −0.01 |
| RTX RTX Corp. | Reduce -4.9% | 0.11% | −0.00 |
| BDX Becton Dickinson and Co. | Reduce -1.7% | 2.08% | +0.00 |
| IWR iShares Russell Mid-Cap ETF | Reduce -2.3% | 0.08% | +0.00 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -4.2% | 0.12% | +0.02 |
| GOOG Alphabet Inc. Class C | Reduce -1.6% | 0.12% | +0.02 |
| ZBH Zimmer Biomet Holdings Inc. | Reduce -2.2% | 3.09% | +0.11 |
| TROW T Rowe Price Group Inc. | Reduce -0.1% | 2.20% | +0.24 |
| T AT&T Inc. | Reduce -2.3% | 3.80% | +0.33 |
| KMX Carmax Inc. | Reduce -1.2% | 3.45% | +0.40 |
| WBD Warner Bros Discovery Inc. | Reduce -18.6% | 3.62% | +0.41 |
| CRM Salesforce Inc. | Reduce -0.2% | 2.62% | +0.63 |
| AMZN Amazon.com Inc. | Reduce -2.2% | 3.96% | +0.78 |
Portfolio Buys Q3 2024 → Q4 2024
| ASML ASML Holding NV-NY Reg SHS | New | 3.27% | +3.27 |
| DEO Diageo PLC-Sponsored ADR | New | 2.42% | +2.42 |
| BF.B Brown-Forman Corp. Class B | New | 2.06% | +2.06 |
| BA The Boeing Co. | Add +20.1% | 3.75% | +1.27 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +179.9% | 1.36% | +0.92 |
| PFE Pfizer Inc. | Add +38.5% | 3.15% | +0.86 |
| NKE Nike Inc. Class B | Add +42.6% | 3.18% | +0.77 |
| RSP Invesco S&P 500 Equal Weight | New | 0.57% | +0.57 |
| DIS The Walt Disney Co. | Add +0.1% | 2.81% | +0.57 |
| GOOGL Alphabet Inc. Class A | Add +1.1% | 2.54% | +0.50 |
| SPYM Ste STR SPDR PT S&P 500 ETF | New | 0.20% | +0.20 |
| GSK GSK PLC-Spon ADR | Add +17.4% | 2.90% | +0.14 |
| BLK BlackRock Inc. | New | 0.13% | +0.13 |
| EL Estee Lauder Companies Class A | Add +27.9% | 2.91% | +0.11 |
| XOM Exxon Mobil Corp. | New | 0.11% | +0.11 |
| MCHP Microchip Technology Inc. | New | 0.10% | +0.10 |
| BIIB Biogen Inc. | Add +22.2% | 2.44% | +0.10 |
| IVV iShares Core S&P 500 ETF | Add +87.4% | 0.17% | +0.09 |
| EFA iShares MSCI Eafe ETF | Add +5.3% | 0.74% | +0.02 |
| STZ Constellation Brands Inc. Class A | Add +17.6% | 0.10% | +0.01 |
| UNH Unitedhealth Group Inc. | Add +12.3% | 0.10% | +0.00 |
| ADBE Adobe Inc. | Add +3.4% | 1.69% | −0.07 |
| KHC The Kraft Heinz Co. | Add +3.2% | 2.82% | −0.07 |
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 |