Institutional Manager · CIK 0001314620

Hillman Capital Management, Inc.

BETHESDA, MD · File #028-11091

Latest AUM

$158.9M

Positions

Top-10 Concentration

35.4%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
NEW	SPDR S&P 500 ETF TR	SPY	+6,676	+$4.6M	$0
REDUCE	WARNER BROS DISCOVERY INC	WBD	-116,127	-$3.3M	+$3.1M
REDUCE	NUCOR CORP	NUE	-19,783	-$3.2M	+$622,410
ADD	DUPONT DE NEMOURS INC	DD	+62,074	+$2.5M	-$2.7M
ADD	AKAMAI TECHNOLOGIES INC	AKAM	+27,766	+$2.4M	+$48,637
REDUCE	LAUDER ESTEE COS INC	518439104	-15,885	-$1.7M	+$1.2M
REDUCE	BIOGEN INC	BIIB	-7,838	-$1.4M	+$1.4M
REDUCE	ASML HOLDING N V	ASMLF	-1,258	-$1.3M	+$688,780
REDUCE	GSK PLC	GLAXF	-27,443	-$1.3M	+$833,660
REDUCE	BROWN FORMAN CORP	BF-B	-40,202	-$1.0M	-$192,019

Sector Allocation

Healthcare

16.1%$25.6M

Technology

9.9%$15.8M

Consumer Staples

9.8%$15.5M

Communication Services

5.6%$8.8M

Consumer Discretionary

5.4%$8.6M

3.6%$5.8M

3.3%$5.3M

1.9%$3.0M

0.2%$376,905

Filing History

Feb 17, 202613F HOLDINGS REPORTQ/E Dec 202556 pos · $158.9M
Nov 14, 202513F HOLDINGS REPORTQ/E Sep 202553 pos · $171.8M
Aug 14, 202513F HOLDINGS REPORTQ/E Jun 202550 pos · $183.3M
May 15, 202513F HOLDINGS REPORTQ/E Mar 202551 pos · $203.3M
Feb 14, 202513F HOLDINGS REPORTQ/E Dec 202454 pos · $269.6M
Nov 14, 202413F HOLDINGS REPORTQ/E Sep 202452 pos · $291.6M
Aug 14, 202413F HOLDINGS REPORTQ/E Jun 202453 pos · $283.2M
May 15, 202413F HOLDINGS REPORTQ/E Mar 202452 pos · $311.2M
Nov 14, 202313F HOLDINGS REPORTQ/E Dec 202353 pos · $259.7M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	WARNER BROS DISCOVERY INC	WBD	214,600	$6.2M	3.93%
2	ASML HOLDING N V	ASMLF	5,510	$5.9M	3.74%
3	LAUDER ESTEE COS INC	518439104	54,803	$5.7M	3.64%
4	CVS HEALTH CORP	CVS	71,685	$5.7M	3.61%
5	GSK PLC	GLAXF	114,336	$5.6M	3.56%
6	BOEING CO	BA-PA	25,427	$5.5M	3.51%
7	BIOGEN INC	BIIB	30,516	$5.4M	3.41%
8	DUPONT DE NEMOURS INC	DD	133,248	$5.4M	3.40%
9	ANHEUSER BUSCH INBEV SA/NV	BUDFF	82,631	$5.3M	3.36%
10	INTERNATIONAL FLAVORS&FRAGRA	459506101	76,031	$5.1M	3.25%
11	MICROSOFT CORP	MSFT	10,585	$5.1M	3.25%
12	SPDR S&P 500 ETF TR	SPY	6,676	$4.6M	2.89%
13	PFIZER INC	PFE	175,304	$4.4M	2.77%
14	NIKE INC	NKE	68,140	$4.3M	2.76%
15	CARMAX INC	KMX	111,088	$4.3M	2.73%
16	KRAFT HEINZ CO	KHC	176,807	$4.3M	2.72%
17	ZIMMER BIOMET HOLDINGS INC	ZBH	45,969	$4.1M	2.62%
18	BAXTER INTL INC	071813109	211,541	$4.0M	2.57%
19	THE CAMPBELLS COMPANY	CPB	140,684	$3.9M	2.49%
20	BROWN FORMAN CORP	BF-B	148,052	$3.9M	2.45%