Watchman Group, Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), Watchman Group, Inc. reported 80 stock positions worth $356.8 million. Its top holding was Simplify MBS ETF (MTBA) at 9.9% of the portfolio, followed by Dimensional US Core Equity 2 (DFAC, 8.2%) and T.rowe PRC Small-Mid Cap ETF (TMSL, 6.6%). Compared with Q4 2024, it opened 5 new positions, sold out of 9, added to 13 and reduced 52. The biggest buy was a new position in iShares 3-7 Year Treasury Bo (IEI) and the biggest sale iShares 1-3 Year Treasury Bo (SHY, shares −69%).
- Most Recent 13F
- Q2 2026
- Location
- PLANO, TX
- CIK
- 0001748726
- Portfolio Value
- $356.8M (Q1 2025)
- SEC Filing
- 0001748726-25-000002 ↗ filed May 13, 2025
Holdings Value
Holdings 80 stocks · $356.8M
| MTBA Simplify MBS ETF | 9.92% | 705,768 | $35.4M | Add +21.5% |
| DFAC Dimensional US Core Equity 2 | 8.15% | 881,758 | $29.1M | Reduce -2.4% |
| TMSL T.rowe PRC Small-Mid Cap ETF | 6.56% | 767,550 | $23.4M | Add +0.4% |
| DFAT Dimensional US Target Value | 6.19% | 429,147 | $22.1M | Reduce -4.9% |
| VSLU Applied Finance Valuat ETF | 5.75% | 585,953 | $20.5M | Add +0.8% |
| IEI iShares 3-7 Year Treasury Bo | 4.75% | 143,492 | $17.0M | New |
| DFIC Dimensional International Co. | 3.34% | 429,692 | $11.9M | Reduce -4.2% |
| FBND Fidelity Total Bond ETF | 3.27% | 255,783 | $11.7M | Add +39.5% |
| SHY iShares 1-3 Year Treasury Bo | 3.02% | 130,195 | $10.8M | Reduce -68.9% |
| DFEM Dimensional Emrg MRKT Core | 2.60% | 350,030 | $9.3M | Reduce -2.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.30% | 15,415 | $8.2M | Reduce -4.3% |
| FRDM Freedom 100 Emeging MRKT ETF | 1.88% | 191,711 | $6.7M | Reduce -4.1% |
| IJH iShares Core S&P Midcap ETF | 1.87% | 114,376 | $6.7M | Reduce -3.1% |
| SGOV iShares 0-3 Month Treasury B | 1.68% | 59,524 | $6.0M | Reduce -10.8% |
| SYK Stryker Corp. | 1.67% | 15,983 | $5.9M | Reduce -4.3% |
| V Visa Inc. Class A | 1.48% | 15,074 | $5.3M | Reduce -13.5% |
| MSFT Microsoft Corp. | 1.44% | 13,731 | $5.2M | Reduce -11.3% |
| MKL Markel Group Inc. | 1.23% | 2,347 | $4.4M | Reduce -5.5% |
| TSLA Tesla Inc. | 1.20% | 16,552 | $4.3M | Reduce -1.6% |
| CVCO Cavco Industries Inc. | 1.19% | 8,164 | $4.2M | Reduce -10.5% |
| INTU Intuit Inc. | 1.18% | 6,836 | $4.2M | Reduce -12.4% |
| ACN Accenture PLC Class A | 1.16% | 13,296 | $4.1M | Reduce -3.1% |
| APH Amphenol Corp. Class A | 1.16% | 63,024 | $4.1M | Reduce -5.2% |
| GD General Dynamics Corp. | 1.16% | 15,125 | $4.1M | Reduce -3.7% |
| UFPI Ufp Industries Inc. | 1.15% | 38,184 | $4.1M | Reduce -1.9% |
| WAB Wabtec Corp. | 1.13% | 22,206 | $4.0M | Reduce -8.0% |
| GOOG Alphabet Inc. Class C | 1.12% | 25,517 | $4.0M | Reduce -5.1% |
| PCAR Paccar Inc. | 1.10% | 40,173 | $3.9M | Reduce -4.9% |
| CSL Carlisle Cos Inc. | 1.09% | 11,401 | $3.9M | Add +10.1% |
| CASY Casey's General Stores Inc. | 1.09% | 8,926 | $3.9M | Reduce -22.5% |
| LOW Lowe's Cos Inc. | 1.07% | 16,326 | $3.8M | Reduce -3.9% |
| AMZN Amazon.com Inc. | 1.05% | 19,635 | $3.7M | Add +6.9% |
| CMI Cummins Inc. | 1.03% | 11,773 | $3.7M | Reduce -11.9% |
| DHI D.R. Horton Inc. | 0.94% | 26,347 | $3.3M | Reduce -1.3% |
| GNRC Generac Holdings Inc. | 0.94% | 26,410 | $3.3M | Add +3.2% |
| GOOGL Alphabet Inc. Class A | 0.94% | 21,614 | $3.3M | Reduce -1.5% |
| CFR Cullen/Frost Bankers Inc. | 0.94% | 26,658 | $3.3M | Reduce -4.3% |
| UBER Uber Technologies Inc. | 0.93% | 45,509 | $3.3M | New |
| META Meta Platforms Inc. Class A | 0.82% | 5,104 | $2.9M | New |
| PYPL PayPal Holdings Inc. | 0.82% | 44,810 | $2.9M | Reduce -2.2% |
| RMD Resmed Inc. | 0.82% | 13,011 | $2.9M | New |
| NVR NVR Inc. | 0.80% | 393 | $2.8M | Reduce -2.0% |
| NXPI NXP Semiconductors NV | 0.77% | 14,483 | $2.8M | Reduce -9.2% |
| OZK Bank Ozk | 0.73% | 59,833 | $2.6M | Reduce -0.4% |
| SFBS Servisfirst Bancshares Inc. | 0.71% | 30,526 | $2.5M | New |
| IUSG iShares Core S&P U.S. Growth | 0.61% | 17,044 | $2.2M | Reduce -33.4% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.56% | 40,154 | $2.0M | Reduce -15.4% |
| SSGA ACTIVE TR | 0.55% | 45,888 | $2.0M | Add +5.6% |
| IJK iShares S&P Mid-Cap 400 Grow | 0.39% | 16,552 | $1.4M | Reduce -41.2% |
| USFR Wisdomtree Floating Rate Tre | 0.26% | 18,379 | $925K | Add +357.9% |
| EFG iShares MSCI Eafe Growth ETF | 0.25% | 9,003 | $900K | Add +6.1% |
| VOO Vanguard S&P 500 ETF | 0.21% | 1,425 | $732K | Reduce -8.2% |
| WMT Walmart Inc. | 0.20% | 7,937 | $697K | Reduce -8.3% |
| IHI iShares U.S. Medical Devices | 0.19% | 11,530 | $694K | No change |
| VRSK Verisk Analytics Inc. | 0.19% | 2,220 | $661K | Reduce -3.9% |
| PEP Pepsico Inc. | 0.18% | 4,218 | $632K | Reduce -34.7% |
| REI Ring Energy Inc. | 0.16% | 500,000 | $575K | No change |
| AAPL Apple Inc. | 0.15% | 2,387 | $530K | Reduce -22.6% |
| RAVE Rave Restaurant Group Inc. | 0.14% | 182,800 | $503K | Add +5.6% |
| AFL Aflac Inc. | 0.14% | 4,375 | $486K | No change |
| NVDA Nvidia Corp. | 0.12% | 3,804 | $412K | Add +145.6% |
| VEA Vanguard Ftse Developed ETF | 0.11% | 7,415 | $377K | No change |
| PG The Procter & Gamble Co. | 0.10% | 2,183 | $372K | Reduce -87.2% |
| TPL Texas Pacific Land Corp. | 0.10% | 270 | $358K | No change |
| YUM Yum! Brands Inc. | 0.10% | 2,269 | $357K | No change |
| MCD McDonald's Corp. | 0.10% | 1,095 | $342K | Reduce -1.3% |
| HD Home Depot Inc. | 0.09% | 873 | $320K | Add +2.3% |
| JNJ Johnson & Johnson | 0.09% | 1,907 | $316K | Reduce -28.1% |
| BTCO Invsco GLXY BTCN ETF | 0.09% | 3,800 | $312K | No change |
| KO The Coca-Cola Co. | 0.09% | 4,308 | $309K | Reduce -0.1% |
| CSCO Cisco Systems Inc. | 0.09% | 4,944 | $305K | No change |
| XOM Exxon Mobil Corp. | 0.08% | 2,541 | $302K | Reduce -3.8% |
| VTI VG Morningstar TS MKT ETF-US | 0.08% | 1,068 | $294K | Reduce -2.4% |
| IWD iShares Russell 1000 Value E | 0.08% | 1,558 | $293K | Reduce -6.1% |
| BSV Vanguard Short-Term Bond ETF | 0.08% | 3,579 | $280K | Reduce -22.1% |
| SMMU PIMCO SHRT TRM Muni BND ETF | 0.08% | 5,540 | $277K | No change |
| IUSV iShares Core S&P U.S. Value | 0.08% | 2,975 | $275K | Reduce -62.3% |
| EPD Enterprise Products Partners | 0.07% | 7,125 | $243K | No change |
| TBLL Invesco Short Term Treasury | 0.07% | 2,278 | $240K | Reduce -83.6% |
| VIG Vanguard Dividend Apprec ETF | 0.06% | 1,183 | $229K | Reduce -24.5% |
Portfolio Sells Q4 2024 → Q1 2025
| SHY iShares 1-3 Year Treasury Bo | Reduce -68.9% | 3.02% | −6.00 |
| ITT Itt Inc. | Sold out | 0.00% | −0.97 |
| LOB Live Oak Bancshares Inc. | Sold out | 0.00% | −0.86 |
| PG The Procter & Gamble Co. | Reduce -87.2% | 0.10% | −0.65 |
| TSLA Tesla Inc. | Reduce -1.6% | 1.20% | −0.58 |
| IJR iShares Core S&P Small-Cap E | Sold out | 0.00% | −0.48 |
| DFAT Dimensional US Target Value | Reduce -4.9% | 6.19% | −0.40 |
| IUSG iShares Core S&P U.S. Growth | Reduce -33.4% | 0.61% | −0.33 |
| TBLL Invesco Short Term Treasury | Reduce -83.6% | 0.07% | −0.32 |
| IJK iShares S&P Mid-Cap 400 Grow | Reduce -41.2% | 0.39% | −0.29 |
| MSFT Microsoft Corp. | Reduce -11.3% | 1.44% | −0.27 |
| GOOG Alphabet Inc. Class C | Reduce -5.1% | 1.12% | −0.23 |
| PYPL PayPal Holdings Inc. | Reduce -2.2% | 0.82% | −0.21 |
| CMI Cummins Inc. | Reduce -11.9% | 1.03% | −0.19 |
| GOOGL Alphabet Inc. Class A | Reduce -1.5% | 0.94% | −0.15 |
| VTES Vanguard SH Term Tax-Ex Bond | Sold out | 0.00% | −0.13 |
| IUSV iShares Core S&P U.S. Value | Reduce -62.3% | 0.08% | −0.11 |
| CASY Casey's General Stores Inc. | Reduce -22.5% | 1.09% | −0.11 |
| INTU Intuit Inc. | Reduce -12.4% | 1.18% | −0.11 |
| ACN Accenture PLC Class A | Reduce -3.1% | 1.16% | −0.10 |
| NXPI NXP Semiconductors NV | Reduce -9.2% | 0.77% | −0.10 |
| PEP Pepsico Inc. | Reduce -34.7% | 0.18% | −0.08 |
| SGOV iShares 0-3 Month Treasury B | Reduce -10.8% | 1.68% | −0.08 |
| WAB Wabtec Corp. | Reduce -8.0% | 1.13% | −0.07 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -15.4% | 0.56% | −0.07 |
| NVR NVR Inc. | Reduce -2.0% | 0.80% | −0.06 |
| AGG iShares Core U.S. Aggregate | Sold out | 0.00% | −0.06 |
| IJH iShares Core S&P Midcap ETF | Reduce -3.1% | 1.87% | −0.06 |
| PCAR Paccar Inc. | Reduce -4.9% | 1.10% | −0.06 |
| BKLC BNY Mellon US LRG Cap Cor | Sold out | 0.00% | −0.06 |
| APH Amphenol Corp. Class A | Reduce -5.2% | 1.16% | −0.05 |
| AAPL Apple Inc. | Reduce -22.6% | 0.15% | −0.05 |
| AVDX Avidxchange Holdings Inc. | Sold out | 0.00% | −0.05 |
| DFAC Dimensional US Core Equity 2 | Reduce -2.4% | 8.15% | −0.05 |
| CFR Cullen/Frost Bankers Inc. | Reduce -4.3% | 0.94% | −0.05 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Sold out | 0.00% | −0.05 |
| DHI D.R. Horton Inc. | Reduce -1.3% | 0.94% | −0.04 |
| LOW Lowe's Cos Inc. | Reduce -3.9% | 1.07% | −0.03 |
| VIG Vanguard Dividend Apprec ETF | Reduce -24.5% | 0.06% | −0.02 |
| BSV Vanguard Short-Term Bond ETF | Reduce -22.1% | 0.08% | −0.01 |
| VOO Vanguard S&P 500 ETF | Reduce -8.2% | 0.21% | −0.01 |
| JNJ Johnson & Johnson | Reduce -28.1% | 0.09% | −0.01 |
| WMT Walmart Inc. | Reduce -8.3% | 0.20% | −0.01 |
| UFPI Ufp Industries Inc. | Reduce -1.9% | 1.15% | −0.01 |
| MESA AIR GROUP INC | Sold out | 0.00% | −0.01 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -2.4% | 0.08% | −0.00 |
| IWD iShares Russell 1000 Value E | Reduce -6.1% | 0.08% | +0.00 |
| XOM Exxon Mobil Corp. | Reduce -3.8% | 0.08% | +0.01 |
| MCD McDonald's Corp. | Reduce -1.3% | 0.10% | +0.01 |
| KO The Coca-Cola Co. | Reduce -0.1% | 0.09% | +0.02 |
Portfolio Buys Q4 2024 → Q1 2025
| IEI iShares 3-7 Year Treasury Bo | New | 4.75% | +4.75 |
| MTBA Simplify MBS ETF | Add +21.5% | 9.92% | +2.34 |
| FBND Fidelity Total Bond ETF | Add +39.5% | 3.27% | +1.11 |
| UBER Uber Technologies Inc. | New | 0.93% | +0.93 |
| META Meta Platforms Inc. Class A | New | 0.82% | +0.82 |
| RMD Resmed Inc. | New | 0.82% | +0.82 |
| SFBS Servisfirst Bancshares Inc. | New | 0.71% | +0.71 |
| USFR Wisdomtree Floating Rate Tre | Add +357.9% | 0.26% | +0.21 |
| VSLU Applied Finance Valuat ETF | Add +0.8% | 5.75% | +0.16 |
| CSL Carlisle Cos Inc. | Add +10.1% | 1.09% | +0.09 |
| TMSL T.rowe PRC Small-Mid Cap ETF | Add +0.4% | 6.56% | +0.08 |
| SSGA ACTIVE TR | Add +5.6% | 0.55% | +0.07 |
| NVDA Nvidia Corp. | Add +145.6% | 0.12% | +0.06 |
| EFG iShares MSCI Eafe Growth ETF | Add +6.1% | 0.25% | +0.04 |
| RAVE Rave Restaurant Group Inc. | Add +5.6% | 0.14% | +0.02 |
| HD Home Depot Inc. | Add +2.3% | 0.09% | +0.00 |
| AMZN Amazon.com Inc. | Add +6.9% | 1.05% | −0.01 |
| GNRC Generac Holdings Inc. | Add +3.2% | 0.94% | −0.10 |
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 |