Watchman Group, Inc.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 9, 2024), Watchman Group, Inc. reported 83 stock positions worth $330.9 million. Its top holding was Dimensional US Core Equity 2 (DFAC) at 8.4% of the portfolio, followed by Invesco Short Term Treasury (TBLL, 8.2%) and Vanguard Short-Term Bond ETF (BSV, 8.2%). Compared with Q4 2023, it opened 7 new positions, sold out of 2, added to 27 and reduced 38. The biggest buy was a new position in Terex (TEX) and the biggest sale Vanguard Tax-Exempt Bond ETF (VTEB, shares −35%).
- Most Recent 13F
- Q2 2026
- Location
- PLANO, TX
- CIK
- 0001748726
- Portfolio Value
- $330.9M (Q1 2024)
- SEC Filing
- 0001748726-24-000002 ↗ filed May 9, 2024
Holdings Value
Holdings 83 stocks · $330.9M
| DFAC Dimensional US Core Equity 2 | 8.38% | 867,490 | $27.7M | Add +1.7% |
| TBLL Invesco Short Term Treasury | 8.22% | 257,897 | $27.2M | Add +21.3% |
| BSV Vanguard Short-Term Bond ETF | 8.21% | 354,156 | $27.2M | Add +0.9% |
| DFAT Dimensional US Target Value | 7.47% | 454,055 | $24.7M | Add +0.2% |
| DFIC Dimensional International Co. | 3.31% | 409,798 | $11.0M | Add +3.5% |
| DFEM Dimensional Emrg MRKT Core | 2.71% | 351,726 | $9.0M | Add +6.2% |
| FBND Fidelity Total Bond ETF | 2.28% | 166,469 | $7.5M | Add +0.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.12% | 16,693 | $7.0M | Reduce -1.0% |
| FRDM Freedom 100 Emeging MRKT ETF | 1.99% | 195,084 | $6.6M | Add +6.9% |
| MSFT Microsoft Corp. | 1.97% | 15,488 | $6.5M | Reduce -0.3% |
| VSLU Applied Finance Valuat ETF | 1.93% | 196,093 | $6.4M | Add +75.7% |
| SYK Stryker Corp. | 1.86% | 17,187 | $6.2M | Reduce -1.1% |
| LOW Lowe's Cos Inc. | 1.74% | 22,648 | $5.8M | Add +0.6% |
| PCAR Paccar Inc. | 1.68% | 44,803 | $5.6M | Reduce -10.6% |
| INTU Intuit Inc. | 1.61% | 8,204 | $5.3M | Reduce -0.6% |
| UFPI Ufp Industries Inc. | 1.52% | 41,010 | $5.0M | Reduce -2.4% |
| V Visa Inc. Class A | 1.49% | 17,621 | $4.9M | Reduce -3.0% |
| IJH iShares Core S&P Midcap ETF | 1.45% | 78,864 | $4.8M | Add +6.1% |
| SGOV iShares 0-3 Month Treasury B | 1.44% | 47,272 | $4.8M | Reduce -8.4% |
| GD General Dynamics Corp. | 1.43% | 16,724 | $4.7M | Reduce -1.1% |
| ACN Accenture PLC Class A | 1.42% | 13,514 | $4.7M | Add +0.7% |
| DHI D.R. Horton Inc. | 1.36% | 27,420 | $4.5M | Reduce -0.6% |
| SCHW Schwab (charles) Corp. | 1.34% | 61,450 | $4.4M | Add +0.7% |
| CSL Carlisle Cos Inc. | 1.30% | 10,954 | $4.3M | Reduce -2.8% |
| CASY Casey's General Stores Inc. | 1.29% | 13,373 | $4.3M | Reduce -0.1% |
| GOOG Alphabet Inc. Class C | 1.26% | 27,488 | $4.2M | Add +2.2% |
| WAB Wabtec Corp. | 1.26% | 28,635 | $4.2M | Reduce -0.1% |
| APH Amphenol Corp. Class A | 1.25% | 35,968 | $4.1M | Reduce -27.5% |
| CMI Cummins Inc. | 1.24% | 13,900 | $4.1M | Add +2.7% |
| NXPI NXP Semiconductors NV | 1.21% | 16,110 | $4.0M | Reduce -0.0% |
| CVCO Cavco Industries Inc. | 1.17% | 9,713 | $3.9M | Add +0.7% |
| ITT Itt Inc. | 1.16% | 28,323 | $3.9M | Reduce -17.1% |
| LKQ LKQ Corp. | 1.15% | 71,537 | $3.8M | Add +0.6% |
| MKL Markel Group Inc. | 1.14% | 2,475 | $3.8M | Add +5.1% |
| IUSG iShares Core S&P U.S. Growth | 1.12% | 31,642 | $3.7M | Add +4.8% |
| MCHP Microchip Technology Inc. | 1.08% | 39,908 | $3.6M | Add +1.3% |
| PEP Pepsico Inc. | 1.08% | 20,349 | $3.6M | Reduce -0.1% |
| NVR NVR Inc. | 1.07% | 436 | $3.5M | Reduce -2.2% |
| MRK Merck & Co. Inc. | 1.05% | 26,402 | $3.5M | Reduce -6.8% |
| GOOGL Alphabet Inc. Class A | 1.05% | 22,940 | $3.5M | Reduce -3.9% |
| IJR iShares Core S&P Small-Cap E | 1.04% | 31,173 | $3.4M | Reduce -20.6% |
| VTEB Vanguard Tax-Exempt Bond ETF | 1.02% | 66,996 | $3.4M | Reduce -35.1% |
| GNRC Generac Holdings Inc. | 1.02% | 26,730 | $3.4M | Reduce -4.9% |
| TEX Terex Corp. | 0.96% | 49,547 | $3.2M | New |
| TSLA Tesla Inc. | 0.93% | 17,483 | $3.1M | Add +7.3% |
| IJK iShares S&P Mid-Cap 400 Grow | 0.86% | 31,236 | $2.9M | Add +5.3% |
| PG The Procter & Gamble Co. | 0.85% | 17,430 | $2.8M | Reduce -3.1% |
| ADBE Adobe Inc. | 0.84% | 5,502 | $2.8M | Add +1013.8% |
| SSGA ACTIVE TR | 0.55% | 43,283 | $1.8M | Reduce -1.7% |
| SHY iShares 1-3 Year Treasury Bo | 0.42% | 16,946 | $1.4M | Reduce -2.8% |
| MTBA Simplify MBS ETF | 0.35% | 23,068 | $1.2M | New |
| IUSV iShares Core S&P U.S. Value | 0.30% | 10,875 | $984K | Reduce -2.9% |
| VTES Vanguard SH Term Tax-Ex Bond | 0.24% | 8,025 | $808K | Add +9.1% |
| EFG iShares MSCI Eafe Growth ETF | 0.24% | 7,591 | $788K | Add +3.5% |
| TMSL T.rowe PRC Small-Mid Cap ETF | 0.23% | 24,365 | $765K | No change |
| VOO Vanguard S&P 500 ETF | 0.23% | 1,569 | $754K | Reduce -1.9% |
| IHI iShares U.S. Medical Devices | 0.22% | 12,180 | $714K | Reduce -0.4% |
| YUM Yum! Brands Inc. | 0.20% | 4,769 | $661K | No change |
| AAPL Apple Inc. | 0.19% | 3,716 | $637K | Reduce -3.1% |
| JNJ Johnson & Johnson | 0.19% | 3,974 | $629K | Reduce -62.4% |
| SMMU PIMCO SHRT TRM Muni BND ETF | 0.19% | 12,503 | $624K | No change |
| WMT Walmart Inc. | 0.17% | 9,435 | $568K | Add +1.3% |
| VRSK Verisk Analytics Inc. | 0.17% | 2,330 | $549K | Reduce -39.6% |
| IWD iShares Russell 1000 Value E | 0.12% | 2,204 | $395K | Reduce -36.1% |
| AMZN Amazon.com Inc. | 0.12% | 2,157 | $389K | Reduce -3.6% |
| MCD McDonald's Corp. | 0.11% | 1,345 | $379K | Reduce -3.3% |
| AFL Aflac Inc. | 0.11% | 4,375 | $376K | No change |
| HD Home Depot Inc. | 0.11% | 978 | $375K | Reduce -0.1% |
| VEA Vanguard Ftse Developed ETF | 0.11% | 7,472 | $375K | No change |
| CSCO Cisco Systems Inc. | 0.11% | 7,395 | $369K | No change |
| RAVE Rave Restaurant Group Inc. | 0.11% | 164,000 | $359K | No change |
| AVDX Avidxchange Holdings Inc. | 0.10% | 24,197 | $318K | New |
| XOM Exxon Mobil Corp. | 0.09% | 2,641 | $307K | Add +2.4% |
| VIG Vanguard Dividend Apprec ETF | 0.09% | 1,610 | $294K | No change |
| BTCO Invsco GLXY BTCN ETF | 0.08% | 3,800 | $270K | New |
| INTC Intel Corp. | 0.08% | 6,021 | $266K | Reduce -9.1% |
| KO The Coca-Cola Co. | 0.07% | 4,056 | $248K | No change |
| AGG iShares Core U.S. Aggregate | 0.07% | 2,448 | $240K | Reduce -40.3% |
| EPD Enterprise Products Partners | 0.07% | 7,925 | $231K | No change |
| BKLC BNY Mellon US LRG Cap Cor | 0.06% | 2,126 | $212K | New |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.06% | 1,718 | $210K | New |
| GPN Global Payments Inc. | 0.06% | 1,512 | $202K | New |
| REI Ring Energy Inc. | 0.02% | 35,000 | $69K | No change |
Portfolio Sells Q4 2023 → Q1 2024
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -35.1% | 1.02% | −0.71 |
| APH Amphenol Corp. Class A | Reduce -27.5% | 1.25% | −0.37 |
| IJR iShares Core S&P Small-Cap E | Reduce -20.6% | 1.04% | −0.36 |
| JNJ Johnson & Johnson | Reduce -62.4% | 0.19% | −0.36 |
| SGOV iShares 0-3 Month Treasury B | Reduce -8.4% | 1.44% | −0.27 |
| UFPI Ufp Industries Inc. | Reduce -2.4% | 1.52% | −0.21 |
| ITT Itt Inc. | Reduce -17.1% | 1.16% | −0.18 |
| GNRC Generac Holdings Inc. | Reduce -4.9% | 1.02% | −0.18 |
| VRSK Verisk Analytics Inc. | Reduce -39.6% | 0.17% | −0.14 |
| FORR Forrester Research Inc. | Sold out | 0.00% | −0.13 |
| INTU Intuit Inc. | Reduce -0.6% | 1.61% | −0.09 |
| V Visa Inc. Class A | Reduce -3.0% | 1.49% | −0.07 |
| IWD iShares Russell 1000 Value E | Reduce -36.1% | 0.12% | −0.07 |
| VCSH Vanguard S/T Corp. Bond ETF | Sold out | 0.00% | −0.07 |
| PEP Pepsico Inc. | Reduce -0.1% | 1.08% | −0.06 |
| AGG iShares Core U.S. Aggregate | Reduce -40.3% | 0.07% | −0.06 |
| SSGA ACTIVE TR | Reduce -1.7% | 0.55% | −0.06 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -2.8% | 0.42% | −0.05 |
| GOOGL Alphabet Inc. Class A | Reduce -3.9% | 1.05% | −0.05 |
| AAPL Apple Inc. | Reduce -3.1% | 0.19% | −0.05 |
| INTC Intel Corp. | Reduce -9.1% | 0.08% | −0.03 |
| MCD McDonald's Corp. | Reduce -3.3% | 0.11% | −0.02 |
| GD General Dynamics Corp. | Reduce -1.1% | 1.43% | −0.02 |
| DHI D.R. Horton Inc. | Reduce -0.6% | 1.36% | −0.02 |
| IUSV iShares Core S&P U.S. Value | Reduce -2.9% | 0.30% | −0.01 |
| PG The Procter & Gamble Co. | Reduce -3.1% | 0.85% | −0.01 |
| NXPI NXP Semiconductors NV | Reduce -0.0% | 1.21% | −0.01 |
| VOO Vanguard S&P 500 ETF | Reduce -1.9% | 0.23% | −0.00 |
| IHI iShares U.S. Medical Devices | Reduce -0.4% | 0.22% | −0.00 |
| HD Home Depot Inc. | Reduce -0.1% | 0.11% | +0.00 |
| AMZN Amazon.com Inc. | Reduce -3.6% | 0.12% | +0.01 |
| MRK Merck & Co. Inc. | Reduce -6.8% | 1.05% | +0.04 |
| NVR NVR Inc. | Reduce -2.2% | 1.07% | +0.04 |
| MSFT Microsoft Corp. | Reduce -0.3% | 1.97% | +0.04 |
| WAB Wabtec Corp. | Reduce -0.1% | 1.26% | +0.06 |
| PCAR Paccar Inc. | Reduce -10.6% | 1.68% | +0.06 |
| CASY Casey's General Stores Inc. | Reduce -0.1% | 1.29% | +0.08 |
| CSL Carlisle Cos Inc. | Reduce -2.8% | 1.30% | +0.14 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.0% | 2.12% | +0.14 |
| SYK Stryker Corp. | Reduce -1.1% | 1.86% | +0.14 |
Portfolio Buys Q4 2023 → Q1 2024
| TEX Terex Corp. | New | 0.96% | +0.96 |
| VSLU Applied Finance Valuat ETF | Add +75.7% | 1.93% | +0.84 |
| TBLL Invesco Short Term Treasury | Add +21.3% | 8.22% | +0.82 |
| ADBE Adobe Inc. | Add +1013.8% | 0.84% | +0.74 |
| MTBA Simplify MBS ETF | New | 0.35% | +0.35 |
| CMI Cummins Inc. | Add +2.7% | 1.24% | +0.17 |
| DFAC Dimensional US Core Equity 2 | Add +1.7% | 8.38% | +0.16 |
| AVDX Avidxchange Holdings Inc. | New | 0.10% | +0.10 |
| LOW Lowe's Cos Inc. | Add +0.6% | 1.74% | +0.09 |
| IJH iShares Core S&P Midcap ETF | Add +6.1% | 1.45% | +0.09 |
| IJK iShares S&P Mid-Cap 400 Grow | Add +5.3% | 0.86% | +0.09 |
| IUSG iShares Core S&P U.S. Growth | Add +4.8% | 1.12% | +0.08 |
| BTCO Invsco GLXY BTCN ETF | New | 0.08% | +0.08 |
| CVCO Cavco Industries Inc. | Add +0.7% | 1.17% | +0.07 |
| BKLC BNY Mellon US LRG Cap Cor | New | 0.06% | +0.06 |
| DIS The Walt Disney Co. | New | 0.06% | +0.06 |
| GPN Global Payments Inc. | New | 0.06% | +0.06 |
| MKL Markel Group Inc. | Add +5.1% | 1.14% | +0.04 |
| LKQ LKQ Corp. | Add +0.6% | 1.15% | +0.03 |
| GOOG Alphabet Inc. Class C | Add +2.2% | 1.26% | +0.02 |
| WMT Walmart Inc. | Add +1.3% | 0.17% | +0.01 |
| FRDM Freedom 100 Emeging MRKT ETF | Add +6.9% | 1.99% | +0.01 |
| XOM Exxon Mobil Corp. | Add +2.4% | 0.09% | +0.01 |
| EFG iShares MSCI Eafe Growth ETF | Add +3.5% | 0.24% | +0.00 |
| VTES Vanguard SH Term Tax-Ex Bond | Add +9.1% | 0.24% | −0.00 |
| DFEM Dimensional Emrg MRKT Core | Add +6.2% | 2.71% | −0.02 |
| DFIC Dimensional International Co. | Add +3.5% | 3.31% | −0.02 |
| SCHW Schwab (charles) Corp. | Add +0.7% | 1.34% | −0.04 |
| MCHP Microchip Technology Inc. | Add +1.3% | 1.08% | −0.09 |
| ACN Accenture PLC Class A | Add +0.7% | 1.42% | −0.14 |
| FBND Fidelity Total Bond ETF | Add +0.6% | 2.28% | −0.23 |
| DFAT Dimensional US Target Value | Add +0.2% | 7.47% | −0.35 |
| TSLA Tesla Inc. | Add +7.3% | 0.93% | −0.41 |
| BSV Vanguard Short-Term Bond ETF | Add +0.9% | 8.21% | −0.70 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 73 | $447.4M | MTBA, DFAC, TMSL, VSLU, DFAT |
| Q1 2026 | 73 | $413.2M | MTBA, DFAC, VSLU, TMSL, TLH |
| Q4 2025 | 77 | $418.9M | MTBA, DFAC, VSLU, TMSL, TLH |
| Q3 2025 | 78 | $413.1M | MTBA, DFAC, TMSL, VSLU, TLH |
| Q2 2025 | 77 | $383.6M | MTBA, DFAC, TMSL, TLH, VSLU |
| Q1 2025 | 80 | $356.8M | MTBA, DFAC, TMSL, DFAT, VSLU |
| Q4 2024 | 84 | $380.8M | SHY, DFAC, MTBA, DFAT, TMSL |
| Q3 2024 | 81 | $383.6M | SHY, DFAC, MTBA, DFAT, TMSL |
| Q2 2024 | 79 | $313.2M | DFAC, SHY, MTBA, DFAT, DFEM |
| Q1 2024 | 83 | $330.9M | DFAC, TBLL, BSV, DFAT, DFIC |