Watchman Group, Inc.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 12, 2024), Watchman Group, Inc. reported 81 stock positions worth $383.6 million. Its top holding was iShares 1-3 Year Treasury Bo (SHY) at 8.6% of the portfolio, followed by Dimensional US Core Equity 2 (DFAC, 8.2%) and Simplify MBS ETF (MTBA, 7.4%). Compared with Q2 2024, it opened 7 new positions, sold out of 5, added to 31 and reduced 36. The biggest buy was T.rowe PRC Small-Mid Cap ETF (TMSL, shares +2058%) and the biggest sale Vanguard Short-Term Bond ETF (BSV, shares −92%).
- Most Recent 13F
- Q2 2026
- Location
- PLANO, TX
- CIK
- 0001748726
- Portfolio Value
- $383.6M (Q3 2024)
- SEC Filing
- 0001748726-24-000004 ↗ filed Nov 12, 2024
Holdings Value
Holdings 81 stocks · $383.6M
| SHY iShares 1-3 Year Treasury Bo | 8.61% | 397,159 | $33.0M | Add +18.2% |
| DFAC Dimensional US Core Equity 2 | 8.18% | 914,821 | $31.4M | Add +4.0% |
| MTBA Simplify MBS ETF | 7.44% | 554,515 | $28.5M | Add +7.7% |
| DFAT Dimensional US Target Value | 6.67% | 459,653 | $25.6M | Add +0.4% |
| TMSL T.rowe PRC Small-Mid Cap ETF | 5.87% | 693,455 | $22.5M | Add +2057.6% |
| VSLU Applied Finance Valuat ETF | 4.81% | 512,100 | $18.4M | New |
| DFIC Dimensional International Co. | 3.27% | 446,451 | $12.6M | New |
| DFEM Dimensional Emrg MRKT Core | 2.66% | 361,946 | $10.2M | Add +1.1% |
| FBND Fidelity Total Bond ETF | 2.12% | 173,959 | $8.1M | Add +0.1% |
| SGOV iShares 0-3 Month Treasury B | 2.03% | 77,161 | $7.8M | Add +59.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.98% | 16,479 | $7.6M | Reduce -1.5% |
| IJH iShares Core S&P Midcap ETF | 1.94% | 119,452 | $7.4M | Add +53.0% |
| FRDM Freedom 100 Emeging MRKT ETF | 1.90% | 203,591 | $7.3M | Add +2.1% |
| MSFT Microsoft Corp. | 1.77% | 15,736 | $6.8M | Add +0.3% |
| SYK Stryker Corp. | 1.61% | 17,085 | $6.2M | Reduce -0.8% |
| LOW Lowe's Cos Inc. | 1.57% | 22,263 | $6.0M | Reduce -2.2% |
| UFPI Ufp Industries Inc. | 1.35% | 39,452 | $5.2M | Reduce -3.1% |
| DHI D.R. Horton Inc. | 1.34% | 26,964 | $5.1M | Reduce -2.1% |
| INTU Intuit Inc. | 1.31% | 8,109 | $5.0M | Reduce -0.7% |
| WAB Wabtec Corp. | 1.31% | 27,543 | $5.0M | Reduce -1.6% |
| ACN Accenture PLC Class A | 1.28% | 13,890 | $4.9M | Add +0.7% |
| V Visa Inc. Class A | 1.27% | 17,701 | $4.9M | Add +0.4% |
| GD General Dynamics Corp. | 1.26% | 15,950 | $4.8M | Reduce -2.5% |
| CSL Carlisle Cos Inc. | 1.25% | 10,634 | $4.8M | Reduce -2.5% |
| TSLA Tesla Inc. | 1.23% | 18,099 | $4.7M | Reduce -1.1% |
| CASY Casey's General Stores Inc. | 1.20% | 12,285 | $4.6M | Reduce -5.0% |
| GOOG Alphabet Inc. Class C | 1.19% | 27,414 | $4.6M | Reduce -0.8% |
| CMI Cummins Inc. | 1.18% | 13,922 | $4.5M | Reduce -0.3% |
| APH Amphenol Corp. Class A | 1.16% | 68,547 | $4.5M | Reduce -3.0% |
| PCAR Paccar Inc. | 1.11% | 43,336 | $4.3M | Add +0.1% |
| NVR NVR Inc. | 1.11% | 433 | $4.2M | Reduce -1.6% |
| GNRC Generac Holdings Inc. | 1.10% | 26,606 | $4.2M | Reduce -0.9% |
| CVCO Cavco Industries Inc. | 1.09% | 9,742 | $4.2M | Reduce -0.4% |
| ITT Itt Inc. | 1.07% | 27,547 | $4.1M | Reduce -2.3% |
| IUSG iShares Core S&P U.S. Growth | 1.05% | 30,481 | $4.0M | Add +1.8% |
| LOB Live Oak Bancshares Inc. | 1.04% | 84,085 | $4.0M | Add +2.5% |
| MKL Markel Group Inc. | 1.02% | 2,506 | $3.9M | Add +0.4% |
| NXPI NXP Semiconductors NV | 1.00% | 16,047 | $3.9M | Reduce -0.2% |
| GOOGL Alphabet Inc. Class A | 0.96% | 22,137 | $3.7M | Reduce -2.6% |
| IJK iShares S&P Mid-Cap 400 Grow | 0.90% | 37,578 | $3.5M | Add +9.1% |
| PYPL PayPal Holdings Inc. | 0.88% | 43,408 | $3.4M | New |
| PEP Pepsico Inc. | 0.87% | 19,643 | $3.3M | Reduce -3.9% |
| CFR Cullen/Frost Bankers Inc. | 0.83% | 28,343 | $3.2M | Add +1.8% |
| PG The Procter & Gamble Co. | 0.78% | 17,320 | $3.0M | Reduce -0.9% |
| IJR iShares Core S&P Small-Cap E | 0.71% | 23,366 | $2.7M | Reduce -22.1% |
| OZK Bank Ozk | 0.71% | 63,208 | $2.7M | Add +9.2% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.64% | 48,287 | $2.5M | Reduce -5.3% |
| SSGA ACTIVE TR | 0.49% | 43,526 | $1.9M | Add +0.7% |
| IUSV iShares Core S&P U.S. Value | 0.26% | 10,334 | $987K | Add +5.0% |
| TBLL Invesco Short Term Treasury | 0.25% | 9,103 | $962K | Reduce -11.3% |
| EFG iShares MSCI Eafe Growth ETF | 0.22% | 7,959 | $857K | Add +4.3% |
| AAPL Apple Inc. | 0.22% | 3,616 | $842K | Reduce -0.5% |
| VOO Vanguard S&P 500 ETF | 0.21% | 1,515 | $799K | Reduce -4.3% |
| WMT Walmart Inc. | 0.20% | 9,499 | $767K | Add +1.3% |
| IHI iShares U.S. Medical Devices | 0.18% | 11,530 | $683K | Reduce -5.3% |
| VRSK Verisk Analytics Inc. | 0.16% | 2,310 | $619K | No change |
| YUM Yum! Brands Inc. | 0.14% | 3,769 | $527K | No change |
| VTES Vanguard SH Term Tax-Ex Bond | 0.13% | 4,881 | $495K | Reduce -44.1% |
| AFL Aflac Inc. | 0.13% | 4,375 | $489K | Reduce -1.2% |
| REI Ring Energy Inc. | 0.13% | 300,000 | $480K | Add +13.2% |
| JNJ Johnson & Johnson | 0.11% | 2,654 | $430K | Reduce -5.9% |
| BSV Vanguard Short-Term Bond ETF | 0.11% | 5,145 | $405K | Reduce -92.2% |
| AMZN Amazon.com Inc. | 0.10% | 2,119 | $395K | Add +4.9% |
| VEA Vanguard Ftse Developed ETF | 0.10% | 7,472 | $395K | No change |
| CSCO Cisco Systems Inc. | 0.09% | 6,645 | $354K | No change |
| HD Home Depot Inc. | 0.09% | 868 | $352K | Reduce -10.1% |
| RAVE Rave Restaurant Group Inc. | 0.09% | 173,100 | $351K | Add +5.5% |
| MCD McDonald's Corp. | 0.09% | 1,109 | $338K | Add +0.3% |
| IWD iShares Russell 1000 Value E | 0.08% | 1,660 | $315K | Reduce -16.5% |
| VTI VG Morningstar TS MKT ETF-US | 0.08% | 1,097 | $311K | Add +41.7% |
| KO The Coca-Cola Co. | 0.08% | 4,308 | $310K | Add +1.3% |
| XOM Exxon Mobil Corp. | 0.08% | 2,641 | $310K | Add +2.7% |
| VIG Vanguard Dividend Apprec ETF | 0.08% | 1,525 | $302K | Reduce -5.3% |
| SMMU PIMCO SHRT TRM Muni BND ETF | 0.07% | 5,540 | $280K | Reduce -55.7% |
| AGG iShares Core U.S. Aggregate | 0.06% | 2,448 | $248K | No change |
| BTCO Invsco GLXY BTCN ETF | 0.06% | 3,800 | $241K | No change |
| TPL Texas Pacific Land Corp. | 0.06% | 270 | $239K | New |
| EPD Enterprise Products Partners | 0.06% | 7,925 | $231K | No change |
| USFR Wisdomtree Floating Rate Tre | 0.06% | 4,470 | $224K | New |
| BKLC BNY Mellon US LRG Cap Cor | 0.06% | 1,966 | $215K | New |
| AVDX Avidxchange Holdings Inc. | 0.04% | 19,957 | $162K | New |
Portfolio Sells Q2 2024 → Q3 2024
| BSV Vanguard Short-Term Bond ETF | Reduce -92.2% | 0.11% | −1.51 |
| SCHW Schwab (charles) Corp. | Sold out | 0.00% | −1.46 |
| MCHP Microchip Technology Inc. | Sold out | 0.00% | −1.17 |
| TEX Terex Corp. | Sold out | 0.00% | −0.84 |
| GOOG Alphabet Inc. Class C | Reduce -0.8% | 1.19% | −0.42 |
| INTU Intuit Inc. | Reduce -0.7% | 1.31% | −0.40 |
| NXPI NXP Semiconductors NV | Reduce -0.2% | 1.00% | −0.38 |
| CASY Casey's General Stores Inc. | Reduce -5.0% | 1.20% | −0.37 |
| GOOGL Alphabet Inc. Class A | Reduce -2.6% | 0.96% | −0.37 |
| APH Amphenol Corp. Class A | Reduce -3.0% | 1.16% | −0.36 |
| IJR iShares Core S&P Small-Cap E | Reduce -22.1% | 0.71% | −0.31 |
| SYK Stryker Corp. | Reduce -0.8% | 1.61% | −0.26 |
| GD General Dynamics Corp. | Reduce -2.5% | 1.26% | −0.26 |
| PEP Pepsico Inc. | Reduce -3.9% | 0.87% | −0.20 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.5% | 1.98% | −0.20 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -5.3% | 0.64% | −0.17 |
| CSL Carlisle Cos Inc. | Reduce -2.5% | 1.25% | −0.16 |
| VTES Vanguard SH Term Tax-Ex Bond | Reduce -44.1% | 0.13% | −0.15 |
| PG The Procter & Gamble Co. | Reduce -0.9% | 0.78% | −0.14 |
| SMMU PIMCO SHRT TRM Muni BND ETF | Reduce -55.7% | 0.07% | −0.13 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −0.13 |
| WAB Wabtec Corp. | Reduce -1.6% | 1.31% | −0.11 |
| UFPI Ufp Industries Inc. | Reduce -3.1% | 1.35% | −0.11 |
| TBLL Invesco Short Term Treasury | Reduce -11.3% | 0.25% | −0.09 |
| ITT Itt Inc. | Reduce -2.3% | 1.07% | −0.09 |
| FORR Forrester Research Inc. | Sold out | 0.00% | −0.08 |
| CMI Cummins Inc. | Reduce -0.3% | 1.18% | −0.06 |
| VOO Vanguard S&P 500 ETF | Reduce -4.3% | 0.21% | −0.04 |
| IHI iShares U.S. Medical Devices | Reduce -5.3% | 0.18% | −0.04 |
| GNRC Generac Holdings Inc. | Reduce -0.9% | 1.10% | −0.03 |
| LOW Lowe's Cos Inc. | Reduce -2.2% | 1.57% | −0.03 |
| IWD iShares Russell 1000 Value E | Reduce -16.5% | 0.08% | −0.03 |
| AAPL Apple Inc. | Reduce -0.5% | 0.22% | −0.02 |
| JNJ Johnson & Johnson | Reduce -5.9% | 0.11% | −0.02 |
| VIG Vanguard Dividend Apprec ETF | Reduce -5.3% | 0.08% | −0.02 |
| HD Home Depot Inc. | Reduce -10.1% | 0.09% | −0.01 |
| AFL Aflac Inc. | Reduce -1.2% | 0.13% | +0.00 |
| CVCO Cavco Industries Inc. | Reduce -0.4% | 1.09% | +0.01 |
| NVR NVR Inc. | Reduce -1.6% | 1.11% | +0.04 |
| TSLA Tesla Inc. | Reduce -1.1% | 1.23% | +0.08 |
| DHI D.R. Horton Inc. | Reduce -2.1% | 1.34% | +0.10 |
Portfolio Buys Q2 2024 → Q3 2024
| TMSL T.rowe PRC Small-Mid Cap ETF | Add +2057.6% | 5.87% | +5.56 |
| VSLU Applied Finance Valuat ETF | New | 4.81% | +4.81 |
| DFIC Dimensional International Co. | New | 3.27% | +3.27 |
| PYPL PayPal Holdings Inc. | New | 0.88% | +0.88 |
| IJH iShares Core S&P Midcap ETF | Add +53.0% | 1.94% | +0.48 |
| SGOV iShares 0-3 Month Treasury B | Add +59.6% | 2.03% | +0.47 |
| LOB Live Oak Bancshares Inc. | Add +2.5% | 1.04% | +0.12 |
| TPL Texas Pacific Land Corp. | New | 0.06% | +0.06 |
| USFR Wisdomtree Floating Rate Tre | New | 0.06% | +0.06 |
| BKLC BNY Mellon US LRG Cap Cor | New | 0.06% | +0.06 |
| AVDX Avidxchange Holdings Inc. | New | 0.04% | +0.04 |
| VTI VG Morningstar TS MKT ETF-US | Add +41.7% | 0.08% | +0.01 |
| MCD McDonald's Corp. | Add +0.3% | 0.09% | −0.00 |
| WMT Walmart Inc. | Add +1.3% | 0.20% | −0.00 |
| KO The Coca-Cola Co. | Add +1.3% | 0.08% | −0.01 |
| RAVE Rave Restaurant Group Inc. | Add +5.5% | 0.09% | −0.01 |
| XOM Exxon Mobil Corp. | Add +2.7% | 0.08% | −0.01 |
| REI Ring Energy Inc. | Add +13.2% | 0.13% | −0.02 |
| IUSV iShares Core S&P U.S. Value | Add +5.0% | 0.26% | −0.02 |
| AMZN Amazon.com Inc. | Add +4.9% | 0.10% | −0.02 |
| EFG iShares MSCI Eafe Growth ETF | Add +4.3% | 0.22% | −0.03 |
| OZK Bank Ozk | Add +9.2% | 0.71% | −0.05 |
| ACN Accenture PLC Class A | Add +0.7% | 1.28% | −0.06 |
| IJK iShares S&P Mid-Cap 400 Grow | Add +9.1% | 0.90% | −0.07 |
| CFR Cullen/Frost Bankers Inc. | Add +1.8% | 0.83% | −0.08 |
| SSGA ACTIVE TR | Add +0.7% | 0.49% | −0.09 |
| SHY iShares 1-3 Year Treasury Bo | Add +18.2% | 8.61% | −0.15 |
| IUSG iShares Core S&P U.S. Growth | Add +1.8% | 1.05% | −0.17 |
| V Visa Inc. Class A | Add +0.4% | 1.27% | −0.21 |
| MKL Markel Group Inc. | Add +0.4% | 1.02% | −0.23 |
| PCAR Paccar Inc. | Add +0.1% | 1.11% | −0.31 |
| FRDM Freedom 100 Emeging MRKT ETF | Add +2.1% | 1.90% | −0.35 |
| FBND Fidelity Total Bond ETF | Add +0.1% | 2.12% | −0.37 |
| DFEM Dimensional Emrg MRKT Core | Add +1.1% | 2.66% | −0.40 |
| MSFT Microsoft Corp. | Add +0.3% | 1.77% | −0.47 |
| MTBA Simplify MBS ETF | Add +7.7% | 7.44% | −0.84 |
| DFAC Dimensional US Core Equity 2 | Add +4.0% | 8.18% | −0.88 |
| DFAT Dimensional US Target Value | Add +0.4% | 6.67% | −0.92 |
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 |