Hillman Capital Management 13F, Q2 2025
Hillman Capital · quarter ending 30 June 2025 · filed 14 August 2025 · SEC CIK 1314620
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q2 2025
The 25 largest of 50 positions. Weights are against the whole filed book. Changes are in shares held, against the Q1 2025 filing.
| Company | Ticker | Value | % of book | vs Q1 2025 |
|---|---|---|---|---|
| AT&T INC | T | $6.83M | 3.7% | -11% shares |
| WARNER BROS DISCOVERY INC | WBD | $6.82M | 3.7% | -10% shares |
| BOEING CO | BA | $6.62M | 3.6% | -16% shares |
| LAUDER ESTEE COS INC | EL | $6.59M | 3.6% | -14% shares |
| MICROSOFT CORP | MSFT | $6.51M | 3.5% | -19% shares |
| NIKE INC | NKE | $6.45M | 3.5% | -2% shares |
| CVS HEALTH CORP | CVS | $6.41M | 3.5% | -7% shares |
| ASML HOLDING N V | $6.18M | 3.4% | -17% shares | |
| ANHEUSER BUSCH INBEV SA/NV | BUD | $5.99M | 3.3% | -16% shares |
| GSK PLC | GSK | $5.86M | 3.2% | -8% shares |
| PFIZER INC | PFE | $5.69M | 3.1% | -3% shares |
| DUPONT DE NEMOURS INC | DWDPEUR | $5.64M | 3.1% | unchanged |
| INTERNATIONAL FLAVORS&FRAGRA | IFF | $5.49M | 3.0% | -8% shares |
| KRAFT HEINZ CO | KHC | $5.42M | 3.0% | +2% shares |
| BAXTER INTL INC | BAX | $5.40M | 3.0% | unchanged |
| CARMAX INC | KMX | $5.35M | 2.9% | -5% shares |
| BIOGEN INC | BIIB | $5.27M | 2.9% | -5% shares |
| ZIMMER BIOMET HOLDINGS INC | ZBH | $5.07M | 2.8% | -5% shares |
| BROWN FORMAN CORP | BF/B | $4.73M | 2.6% | -8% shares |
| PRICE T ROWE GROUP INC | TROW | $3.70M | 2.0% | -6% shares |
| TAIWAN SEMICONDUCTOR MFG LTD | TSM | $3.65M | 2.0% | +792% shares |
| DISNEY WALT CO | DIS | $3.57M | 1.9% | -29% shares |
| COMCAST CORP NEW | CMCSA | $3.54M | 1.9% | -9% shares |
| MICROCHIP TECHNOLOGY INC. | MCHP | $3.49M | 1.9% | -35% shares |
| NUCOR CORP | NUE | $3.48M | 1.9% | -13% shares |
What changed since Q1 2025
Against the Q1 2025 filing, Hillman Capital Management opened 1 new position, added to 9, trimmed 33, left 7 unchanged and exited 2. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
Other quarters
Source: SEC Form 13F-HR, accession 0001398344-25-015414, filed by Hillman Capital Management, Inc.. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.