Hillman Capital Management, Inc.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Hillman Capital Management, Inc. reported 56 stock positions worth $144.0 million. Its top holding was Biogen (BIIB) at 3.8% of the portfolio, followed by Dupont DE Nemours (DD, 3.7%) and Warner Bros Discovery (WBD, 3.7%). Compared with Q4 2025, it opened 6 new positions, sold out of 6, added to 25 and reduced 23. The biggest buy was a new position in Oracle (ORCL) 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
- $144.0M (Q1 2026)
- SEC Filing
- 0001398344-26-009207 ↗ filed May 15, 2026
Holdings Value
Holdings 56 stocks · $144.0M
| BIIB Biogen Inc. | 3.76% | 29,540 | $5.4M | Reduce -3.2% |
| DD Dupont DE Nemours Inc. | 3.75% | 117,901 | $5.4M | Reduce -11.5% |
| WBD Warner Bros Discovery Inc. | 3.74% | 196,309 | $5.4M | Reduce -8.5% |
| GSK GSK PLC-Spon ADR | 3.73% | 97,432 | $5.4M | Reduce -14.8% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 3.67% | 72,773 | $5.3M | Reduce -4.3% |
| PFE Pfizer Inc. | 3.66% | 187,937 | $5.3M | Add +7.2% |
| ZBH Zimmer Biomet Holdings Inc. | 3.50% | 55,700 | $5.0M | Add +21.2% |
| CVS CVS Health Corp. | 3.36% | 67,462 | $4.8M | Reduce -5.9% |
| BF.B Brown-Forman Corp. Class B | 3.24% | 176,437 | $4.7M | Add +19.2% |
| KMX Carmax Inc. | 3.15% | 109,181 | $4.5M | Reduce -1.7% |
| KHC The Kraft Heinz Co. | 3.14% | 201,140 | $4.5M | Add +13.8% |
| FISV Fiserv Inc. | 3.13% | 80,728 | $4.5M | Add +110.4% |
| BA The Boeing Co. | 3.09% | 22,326 | $4.4M | Reduce -12.2% |
| BAX Baxter International Inc. | 2.89% | 247,320 | $4.2M | Add +16.9% |
| NKE Nike Inc. Class B | 2.86% | 77,906 | $4.1M | Add +14.3% |
| MSFT Microsoft Corp. | 2.78% | 10,828 | $4.0M | Add +2.3% |
| ADBE Adobe Inc. | 2.73% | 16,200 | $3.9M | Add +122.9% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 2.60% | 52,172 | $3.7M | Reduce -4.8% |
| CPB The Campbell's Company | 2.57% | 166,178 | $3.7M | Add +18.1% |
| VZ Verizon Communications Inc. | 2.27% | 64,998 | $3.3M | Reduce -0.3% |
| BMY Bristol-Myers Squibb Co. | 2.24% | 53,102 | $3.2M | Reduce -1.6% |
| EFA iShares MSCI Eafe ETF | 2.08% | 30,854 | $3.0M | Add +8.0% |
| STZ Constellation Brands Inc. Class A | 1.96% | 18,795 | $2.8M | Add +4.3% |
| CMCSA Comcast Corp. Class A | 1.90% | 95,228 | $2.7M | Add +4.8% |
| USB US Bancorp | 1.90% | 52,528 | $2.7M | Reduce -1.4% |
| TSM Taiwan Semiconductor-SP ADR | 1.87% | 7,962 | $2.7M | Reduce -15.7% |
| AKAM Akamai Technologies Inc. | 1.82% | 22,825 | $2.6M | Reduce -28.7% |
| EFX Equifax Inc. | 1.70% | 13,556 | $2.4M | Add +22.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.65% | 24,599 | $2.4M | Add +0.2% |
| ORCL Oracle Corp. | 1.65% | 16,109 | $2.4M | New |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 1.62% | 25,902 | $2.3M | Add +0.8% |
| CAG Conagra Brands Inc. | 1.61% | 147,639 | $2.3M | Add +6.3% |
| BDX Becton Dickinson and Co. | 1.55% | 14,209 | $2.2M | Reduce -0.1% |
| WST West Pharmaceutical Services | 1.55% | 8,906 | $2.2M | No change |
| HSY The Hershey Co. | 1.53% | 10,608 | $2.2M | Reduce -20.3% |
| UPS United Parcel Service Class B | 1.52% | 22,316 | $2.2M | Reduce -9.3% |
| DEO Diageo PLC-Sponsored ADR | 1.42% | 27,507 | $2.0M | Add +7.0% |
| CRM Salesforce Inc. | 1.42% | 10,956 | $2.0M | Add +5.4% |
| UNH Unitedhealth Group Inc. | 1.39% | 7,405 | $2.0M | Reduce -3.6% |
| IVV iShares Core S&P 500 ETF | 0.57% | 1,250 | $817K | Add +22.3% |
| INTU Intuit Inc. | 0.29% | 957 | $414K | New |
| APD Air Products & Chemicals Inc. | 0.27% | 1,339 | $389K | Reduce -2.0% |
| RTX RTX Corp. | 0.26% | 1,975 | $381K | Reduce -12.1% |
| CLX Clorox Company | 0.26% | 3,555 | $368K | New |
| GE General Electric filed as GE AEROSPACE | 0.25% | 1,282 | $364K | Reduce -2.1% |
| NOW ServiceNow Inc. | 0.25% | 3,377 | $353K | New |
| CSGP Costar Group Inc. | 0.24% | 8,557 | $345K | New |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.24% | 4,444 | $340K | Add +1.9% |
| BLK BlackRock Inc. | 0.23% | 347 | $334K | Add +4.2% |
| GOOG Alphabet Inc. Class C | 0.22% | 1,127 | $323K | Reduce -1.8% |
| TMO Thermo Fisher Scientific Inc. | 0.22% | 656 | $322K | Add +3.5% |
| MDT Medtronic PLC | 0.22% | 3,668 | $318K | Reduce -1.9% |
| IWR iShares Russell Mid-Cap ETF | 0.17% | 2,449 | $238K | Add +0.7% |
| IGOV iShares International Treasu | 0.16% | 5,608 | $230K | New |
| BWX SS SPDR BB Intl Treasury BD | 0.16% | 10,384 | $228K | Add +66.4% |
| GOOGL Alphabet Inc. Class A | 0.00% | 6 | $2K | No change |
Portfolio Sells Q4 2025 → Q1 2026
| ASML ASML Holding NV-NY Reg SHS | Sold out | 0.00% | −3.71 |
| BUD Anheuser-Busch Inbev-SPN ADR | Sold out | 0.00% | −3.33 |
| SPY SS SPDR S&P 500 ETF Trust-US | Sold out | 0.00% | −2.86 |
| EL Estee Lauder Companies Class A | Reduce -4.8% | 2.60% | −1.01 |
| BA The Boeing Co. | Reduce -12.2% | 3.09% | −0.39 |
| NUE Nucor Corp. | Sold out | 0.00% | −0.28 |
| MCHP Microchip Technology Inc. | Sold out | 0.00% | −0.27 |
| XOM Exxon Mobil Corp. | Sold out | 0.00% | −0.24 |
| CVS CVS Health Corp. | Reduce -5.9% | 3.36% | −0.22 |
| UNH Unitedhealth Group Inc. | Reduce -3.6% | 1.39% | −0.20 |
| BDX Becton Dickinson and Co. | Reduce -0.1% | 1.55% | −0.19 |
| WBD Warner Bros Discovery Inc. | Reduce -8.5% | 3.74% | −0.15 |
| UPS United Parcel Service Class B | Reduce -9.3% | 1.52% | −0.01 |
| MDT Medtronic PLC | Reduce -1.9% | 0.22% | −0.01 |
| GOOG Alphabet Inc. Class C | Reduce -1.8% | 0.22% | −0.00 |
| GE General Electric | Reduce -2.1% | 0.25% | −0.00 |
| RTX RTX Corp. | Reduce -12.1% | 0.26% | +0.01 |
| HSY The Hershey Co. | Reduce -20.3% | 1.53% | +0.01 |
| APD Air Products & Chemicals Inc. | Reduce -2.0% | 0.27% | +0.06 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -15.7% | 1.87% | +0.06 |
| AKAM Akamai Technologies Inc. | Reduce -28.7% | 1.82% | +0.06 |
| USB US Bancorp | Reduce -1.4% | 1.90% | +0.11 |
| GSK GSK PLC-Spon ADR | Reduce -14.8% | 3.73% | +0.21 |
| DD Dupont DE Nemours Inc. | Reduce -11.5% | 3.75% | +0.38 |
| BIIB Biogen Inc. | Reduce -3.2% | 3.76% | +0.38 |
| BMY Bristol-Myers Squibb Co. | Reduce -1.6% | 2.24% | +0.40 |
| IFF Intl Flavors & Fragrances | Reduce -4.3% | 3.67% | +0.44 |
| KMX Carmax Inc. | Reduce -1.7% | 3.15% | +0.45 |
| VZ Verizon Communications Inc. | Reduce -0.3% | 2.27% | +0.60 |
Portfolio Buys Q4 2025 → Q1 2026
| ORCL Oracle Corp. | New | 1.65% | +1.65 |
| FISV Fiserv Inc. | Add +110.4% | 3.13% | +1.51 |
| ADBE Adobe Inc. | Add +122.9% | 2.73% | +1.13 |
| PFE Pfizer Inc. | Add +7.2% | 3.66% | +0.92 |
| ZBH Zimmer Biomet Holdings Inc. | Add +21.2% | 3.50% | +0.90 |
| BF.B Brown-Forman Corp. Class B | Add +19.2% | 3.24% | +0.81 |
| KHC The Kraft Heinz Co. | Add +13.8% | 3.14% | +0.44 |
| STZ Constellation Brands Inc. Class A | Add +4.3% | 1.96% | +0.39 |
| EFA iShares MSCI Eafe ETF | Add +8.0% | 2.08% | +0.35 |
| BAX Baxter International Inc. | Add +16.9% | 2.89% | +0.34 |
| INTU Intuit Inc. | New | 0.29% | +0.29 |
| CLX Clorox Company | New | 0.26% | +0.26 |
| NOW ServiceNow Inc. | New | 0.25% | +0.25 |
| CSGP Costar Group Inc. | New | 0.24% | +0.24 |
| CMCSA Comcast Corp. Class A | Add +4.8% | 1.90% | +0.19 |
| EFX Equifax Inc. | Add +22.4% | 1.70% | +0.18 |
| IGOV iShares International Treasu | New | 0.16% | +0.16 |
| IVV iShares Core S&P 500 ETF | Add +22.3% | 0.57% | +0.13 |
| NKE Nike Inc. Class B | Add +14.3% | 2.86% | +0.13 |
| CPB The Campbell's Company | Add +18.1% | 2.57% | +0.10 |
| CAG Conagra Brands Inc. | Add +6.3% | 1.61% | +0.10 |
| BWX SS SPDR BB Intl Treasury BD | Add +66.4% | 0.16% | +0.07 |
| DEO Diageo PLC-Sponsored ADR | Add +7.0% | 1.42% | +0.03 |
| IWR iShares Russell Mid-Cap ETF | Add +0.7% | 0.17% | +0.02 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +1.9% | 0.24% | +0.02 |
| BLK BlackRock Inc. | Add +4.2% | 0.23% | +0.01 |
| TMO Thermo Fisher Scientific Inc. | Add +3.5% | 0.22% | −0.01 |
| TROW T Rowe Price Group Inc. | Add +0.8% | 1.62% | −0.03 |
| DIS The Walt Disney Co. | Add +0.2% | 1.65% | −0.11 |
| CRM Salesforce Inc. | Add +5.4% | 1.42% | −0.31 |
| MSFT Microsoft Corp. | Add +2.3% | 2.78% | −0.44 |
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 |