Watchman Group, Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 12, 2025), Watchman Group, Inc. reported 77 stock positions worth $383.6 million. Its top holding was Simplify MBS ETF (MTBA) at 9.7% of the portfolio, followed by Dimensional US Core Equity 2 (DFAC, 8.6%) and T.rowe PRC Small-Mid Cap ETF (TMSL, 6.9%). Compared with Q1 2025, it opened 5 new positions, sold out of 8, added to 27 and reduced 26. The biggest buy was a new position in iShares 10-20 Year Treasury (TLH) and the biggest sale an exit from iShares 3-7 Year Treasury Bo (IEI).
- Most Recent 13F
- Q2 2026
- Location
- PLANO, TX
- CIK
- 0001748726
- Portfolio Value
- $383.6M (Q2 2025)
- SEC Filing
- 0001748726-25-000003 ↗ filed Aug 12, 2025
Holdings Value
Holdings 77 stocks · $383.6M
| MTBA Simplify MBS ETF | 9.70% | 742,514 | $37.2M | Add +5.2% |
| DFAC Dimensional US Core Equity 2 | 8.63% | 923,746 | $33.1M | Add +4.8% |
| TMSL T.rowe PRC Small-Mid Cap ETF | 6.89% | 805,178 | $26.4M | Add +4.9% |
| TLH iShares 10-20 Year Treasury | 6.45% | 243,578 | $24.7M | New |
| VSLU Applied Finance Valuat ETF | 6.28% | 614,853 | $24.1M | Add +4.9% |
| DFAT Dimensional US Target Value | 6.16% | 437,580 | $23.6M | Add +2.0% |
| FBND Fidelity Total Bond ETF | 4.03% | 337,897 | $15.5M | Add +32.1% |
| DFIC Dimensional International Co. | 3.48% | 428,949 | $13.3M | Reduce -0.2% |
| DFEM Dimensional Emrg MRKT Core | 2.71% | 349,620 | $10.4M | Reduce -0.1% |
| SGOV iShares 0-3 Month Treasury B | 2.33% | 88,857 | $8.9M | Add +49.3% |
| FRDM Freedom 100 Emeging MRKT ETF | 2.01% | 190,367 | $7.7M | Reduce -0.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.94% | 15,294 | $7.4M | Reduce -0.8% |
| IJH iShares Core S&P Midcap ETF | 1.91% | 118,062 | $7.3M | Add +3.2% |
| MSFT Microsoft Corp. | 1.76% | 13,566 | $6.7M | Reduce -1.2% |
| SYK Stryker Corp. | 1.63% | 15,848 | $6.3M | Reduce -0.8% |
| APH Amphenol Corp. Class A | 1.57% | 60,997 | $6.0M | Reduce -3.2% |
| INTU Intuit Inc. | 1.41% | 6,847 | $5.4M | Add +0.2% |
| V Visa Inc. Class A | 1.35% | 14,628 | $5.2M | Reduce -3.0% |
| TSLA Tesla Inc. | 1.35% | 16,343 | $5.2M | Reduce -1.3% |
| MKL Markel Group Inc. | 1.22% | 2,339 | $4.7M | Reduce -0.3% |
| GOOG Alphabet Inc. Class C | 1.21% | 26,203 | $4.6M | Add +2.7% |
| WAB Wabtec Corp. | 1.20% | 21,920 | $4.6M | Reduce -1.3% |
| GD General Dynamics Corp. | 1.15% | 15,168 | $4.4M | Add +0.3% |
| AMZN Amazon.com Inc. | 1.14% | 19,984 | $4.4M | Add +1.8% |
| UBER Uber Technologies Inc. | 1.12% | 46,124 | $4.3M | Add +1.4% |
| CSL Carlisle Cos Inc. | 1.12% | 11,497 | $4.3M | Add +0.8% |
| ACN Accenture PLC Class A | 1.08% | 13,804 | $4.1M | Add +3.8% |
| UFPI Ufp Industries Inc. | 1.00% | 38,737 | $3.8M | Add +1.4% |
| CMI Cummins Inc. | 1.00% | 11,728 | $3.8M | Reduce -0.4% |
| PCAR Paccar Inc. | 1.00% | 40,159 | $3.8M | Reduce -0.0% |
| GNRC Generac Holdings Inc. | 0.99% | 26,642 | $3.8M | Add +0.9% |
| META Meta Platforms Inc. Class A | 0.99% | 5,148 | $3.8M | Add +0.9% |
| GOOGL Alphabet Inc. Class A | 0.98% | 21,246 | $3.7M | Reduce -1.7% |
| LOW Lowe's Cos Inc. | 0.94% | 16,240 | $3.6M | Reduce -0.5% |
| CVCO Cavco Industries Inc. | 0.92% | 8,141 | $3.5M | Reduce -0.3% |
| DHI D.R. Horton Inc. | 0.92% | 27,416 | $3.5M | Add +4.1% |
| CFR Cullen/Frost Bankers Inc. | 0.89% | 26,532 | $3.4M | Reduce -0.5% |
| PYPL PayPal Holdings Inc. | 0.87% | 44,832 | $3.3M | Add +0.1% |
| RMD Resmed Inc. | 0.84% | 12,541 | $3.2M | Reduce -3.6% |
| NXPI NXP Semiconductors NV | 0.83% | 14,522 | $3.2M | Add +0.3% |
| NVR NVR Inc. | 0.75% | 388 | $2.9M | Reduce -1.3% |
| IUSG iShares Core S&P U.S. Growth | 0.65% | 16,609 | $2.5M | Reduce -2.5% |
| SSGA ACTIVE TR | 0.65% | 57,670 | $2.5M | Add +25.7% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.51% | 40,154 | $2.0M | No change |
| KRE SS SPDR S&P Regional Bank | 0.48% | 31,227 | $1.9M | New |
| IJK iShares S&P Mid-Cap 400 Grow | 0.37% | 15,411 | $1.4M | Reduce -6.9% |
| EFG iShares MSCI Eafe Growth ETF | 0.32% | 10,925 | $1.2M | Add +21.4% |
| USFR Wisdomtree Floating Rate Tre | 0.28% | 21,312 | $1.1M | Add +16.0% |
| VOO Vanguard S&P 500 ETF | 0.21% | 1,415 | $804K | Reduce -0.7% |
| WMT Walmart Inc. | 0.20% | 7,801 | $763K | Reduce -1.7% |
| IHI iShares U.S. Medical Devices | 0.19% | 11,530 | $722K | No change |
| VRSK Verisk Analytics Inc. | 0.18% | 2,220 | $692K | No change |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.14% | 1,250 | $551K | New |
| RAVE Rave Restaurant Group Inc. | 0.13% | 182,800 | $503K | No change |
| AAPL Apple Inc. | 0.13% | 2,424 | $497K | Add +1.6% |
| AFL Aflac Inc. | 0.12% | 4,375 | $461K | No change |
| VEA Vanguard Ftse Developed ETF | 0.11% | 7,415 | $423K | No change |
| BTCO Invsco GLXY BTCN ETF | 0.11% | 3,800 | $409K | No change |
| REI Ring Energy Inc. | 0.10% | 500,000 | $397K | No change |
| IVV iShares Core S&P 500 ETF | 0.10% | 599 | $372K | New |
| NVDA Nvidia Corp. | 0.09% | 2,249 | $355K | Reduce -40.9% |
| VTI VG Morningstar TS MKT ETF-US | 0.09% | 1,169 | $355K | Add +9.5% |
| CSCO Cisco Systems Inc. | 0.09% | 4,944 | $343K | No change |
| YUM Yum! Brands Inc. | 0.09% | 2,269 | $336K | No change |
| HD Home Depot Inc. | 0.09% | 909 | $333K | Add +4.1% |
| MCD McDonald's Corp. | 0.08% | 1,095 | $320K | No change |
| KO The Coca-Cola Co. | 0.08% | 4,308 | $305K | No change |
| IWD iShares Russell 1000 Value E | 0.08% | 1,558 | $303K | No change |
| JNJ Johnson & Johnson | 0.08% | 1,907 | $291K | No change |
| TPL Texas Pacific Land Corp. | 0.07% | 270 | $285K | No change |
| BSV Vanguard Short-Term Bond ETF | 0.07% | 3,579 | $282K | No change |
| SMMU PIMCO SHRT TRM Muni BND ETF | 0.07% | 5,540 | $278K | No change |
| XOM Exxon Mobil Corp. | 0.07% | 2,337 | $252K | Reduce -8.0% |
| IUSV iShares Core S&P U.S. Value | 0.06% | 2,594 | $245K | Reduce -12.8% |
| VIG Vanguard Dividend Apprec ETF | 0.06% | 1,183 | $242K | No change |
| EPD Enterprise Products Partners | 0.06% | 7,125 | $221K | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.05% | 683 | $201K | New |
Portfolio Sells Q1 2025 → Q2 2025
| IEI iShares 3-7 Year Treasury Bo | Sold out | 0.00% | −4.75 |
| SHY iShares 1-3 Year Treasury Bo | Sold out | 0.00% | −3.02 |
| CASY Casey's General Stores Inc. | Sold out | 0.00% | −1.09 |
| OZK Bank Ozk | Sold out | 0.00% | −0.73 |
| SFBS Servisfirst Bancshares Inc. | Sold out | 0.00% | −0.71 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.8% | 1.94% | −0.36 |
| CVCO Cavco Industries Inc. | Reduce -0.3% | 0.92% | −0.27 |
| PEP Pepsico Inc. | Sold out | 0.00% | −0.18 |
| LOW Lowe's Cos Inc. | Reduce -0.5% | 0.94% | −0.13 |
| V Visa Inc. Class A | Reduce -3.0% | 1.35% | −0.13 |
| PG The Procter & Gamble Co. | Sold out | 0.00% | −0.10 |
| PCAR Paccar Inc. | Reduce -0.0% | 1.00% | −0.10 |
| TBLL Invesco Short Term Treasury | Sold out | 0.00% | −0.07 |
| NVR NVR Inc. | Reduce -1.3% | 0.75% | −0.05 |
| CFR Cullen/Frost Bankers Inc. | Reduce -0.5% | 0.89% | −0.05 |
| CMI Cummins Inc. | Reduce -0.4% | 1.00% | −0.03 |
| SYK Stryker Corp. | Reduce -0.8% | 1.63% | −0.03 |
| NVDA Nvidia Corp. | Reduce -40.9% | 0.09% | −0.02 |
| IJK iShares S&P Mid-Cap 400 Grow | Reduce -6.9% | 0.37% | −0.02 |
| XOM Exxon Mobil Corp. | Reduce -8.0% | 0.07% | −0.02 |
| IUSV iShares Core S&P U.S. Value | Reduce -12.8% | 0.06% | −0.01 |
| MKL Markel Group Inc. | Reduce -0.3% | 1.22% | −0.01 |
| WMT Walmart Inc. | Reduce -1.7% | 0.20% | +0.00 |
| VOO Vanguard S&P 500 ETF | Reduce -0.7% | 0.21% | +0.00 |
| RMD Resmed Inc. | Reduce -3.6% | 0.84% | +0.03 |
| GOOGL Alphabet Inc. Class A | Reduce -1.7% | 0.98% | +0.04 |
| IUSG iShares Core S&P U.S. Growth | Reduce -2.5% | 0.65% | +0.04 |
| WAB Wabtec Corp. | Reduce -1.3% | 1.20% | +0.07 |
| DFEM Dimensional Emrg MRKT Core | Reduce -0.1% | 2.71% | +0.11 |
| FRDM Freedom 100 Emeging MRKT ETF | Reduce -0.7% | 2.01% | +0.12 |
| DFIC Dimensional International Co. | Reduce -0.2% | 3.48% | +0.13 |
| TSLA Tesla Inc. | Reduce -1.3% | 1.35% | +0.15 |
| MSFT Microsoft Corp. | Reduce -1.2% | 1.76% | +0.31 |
| APH Amphenol Corp. Class A | Reduce -3.2% | 1.57% | +0.41 |
Portfolio Buys Q1 2025 → Q2 2025
| TLH iShares 10-20 Year Treasury | New | 6.45% | +6.45 |
| FBND Fidelity Total Bond ETF | Add +32.1% | 4.03% | +0.76 |
| SGOV iShares 0-3 Month Treasury B | Add +49.3% | 2.33% | +0.65 |
| VSLU Applied Finance Valuat ETF | Add +4.9% | 6.28% | +0.53 |
| KRE SS SPDR S&P Regional Bank | New | 0.48% | +0.48 |
| DFAC Dimensional US Core Equity 2 | Add +4.8% | 8.63% | +0.48 |
| TMSL T.rowe PRC Small-Mid Cap ETF | Add +4.9% | 6.89% | +0.33 |
| INTU Intuit Inc. | Add +0.2% | 1.41% | +0.23 |
| UBER Uber Technologies Inc. | Add +1.4% | 1.12% | +0.19 |
| META Meta Platforms Inc. Class A | Add +0.9% | 0.99% | +0.17 |
| DIA SS SPDR Dow Jones Indus Avg | New | 0.14% | +0.14 |
| IVV iShares Core S&P 500 ETF | New | 0.10% | +0.10 |
| AMZN Amazon.com Inc. | Add +1.8% | 1.14% | +0.10 |
| SSGA ACTIVE TR | Add +25.7% | 0.65% | +0.09 |
| GOOG Alphabet Inc. Class C | Add +2.7% | 1.21% | +0.09 |
| EFG iShares MSCI Eafe Growth ETF | Add +21.4% | 0.32% | +0.07 |
| GNRC Generac Holdings Inc. | Add +0.9% | 0.99% | +0.06 |
| NXPI NXP Semiconductors NV | Add +0.3% | 0.83% | +0.06 |
| IBM Intl Business Machines Corp. | New | 0.05% | +0.05 |
| PYPL PayPal Holdings Inc. | Add +0.1% | 0.87% | +0.05 |
| IJH iShares Core S&P Midcap ETF | Add +3.2% | 1.91% | +0.04 |
| CSL Carlisle Cos Inc. | Add +0.8% | 1.12% | +0.03 |
| USFR Wisdomtree Floating Rate Tre | Add +16.0% | 0.28% | +0.02 |
| VTI VG Morningstar TS MKT ETF-US | Add +9.5% | 0.09% | +0.01 |
| GD General Dynamics Corp. | Add +0.3% | 1.15% | −0.00 |
| HD Home Depot Inc. | Add +4.1% | 0.09% | −0.00 |
| DHI D.R. Horton Inc. | Add +4.1% | 0.92% | −0.02 |
| AAPL Apple Inc. | Add +1.6% | 0.13% | −0.02 |
| DFAT Dimensional US Target Value | Add +2.0% | 6.16% | −0.04 |
| ACN Accenture PLC Class A | Add +3.8% | 1.08% | −0.09 |
| UFPI Ufp Industries Inc. | Add +1.4% | 1.00% | −0.14 |
| MTBA Simplify MBS ETF | Add +5.2% | 9.70% | −0.22 |
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 |