Q2 2026 · SEC CIK 0001314620

Hillman Capital Management portfolio

SuperinvestorAsset managerHillman Capital Management, Inc. filed on 2026-08-14. Open SEC filings ↗

Reported 13F value: $138.2M
Reported positions: 54
Eligible equities: 51
Holdings vs S&P 500, 3 years: -7.5 pts

Average holding period of the top positions: 4.4 yrs. Holdings vs the S&P 500 over 1 and 5 years: +0.6 pts, -5.6 pts.

In its Q2 2026 13F, filed 2026-08-14, Hillman Capital Management, Inc. reported 54 positions worth $138.2M. Its largest holdings were CVS HEALTH CORP (CVS, 4.2%), BIOGEN INC (BIIB, 3.8%), DUPONT DE NEMOURS INC (DD, 3.7%). Over the last 3 years its top holdings ran 7.5 points a year behind the S&P 500.

Reported holdings in the Q2 2026 13F.

The portfolio weight uses the full reported share-portfolio denominator. Weight changes compare this 13F with the one before it; price moves also change weights, so these are not trade labels. “New” means the position was not in the previous 13F at all; “—” marks a small position the earlier filing data does not cover.

Hillman Capital Management eligible holdings
Stock	% of reported portfolio	Prior quarter	Weight change	Reported shares	Reported value
CVSCVS HEALTH CORP	4.2%	3.4%	+0.79 pp	55,475	$5.7M
BIIBBIOGEN INC	3.8%	3.8%	-0.01 pp	23,993	$5.2M
DDDUPONT DE NEMOURS INC	3.7%	—	—	37,745	$5.1M
WBDWARNER BROS DISCOVERY INC	3.7%	3.7%	-0.08 pp	189,986	$5.1M
BAXBAXTER INTL INC	3.6%	2.9%	+0.76 pp	236,032	$5.0M
IFFINTERNATIONAL FLAVORS&FRAGRA	3.6%	3.7%	-0.06 pp	62,875	$5.0M
GSKGSK PLC	3.5%	3.7%	-0.23 pp	92,383	$4.8M
KMXCARMAX INC	3.5%	3.2%	+0.35 pp	91,385	$4.8M
BABOEING CO	3.4%	3.1%	+0.29 pp	21,574	$4.7M
ZBHZIMMER BIOMET HOLDINGS INC	3.4%	3.5%	-0.14 pp	53,943	$4.6M
KHCKRAFT HEINZ CO	3.4%	3.1%	+0.22 pp	196,494	$4.6M
BF-BBROWN FORMAN CORP	3.3%	3.2%	+0.09 pp	172,514	$4.6M
PFEPFIZER INC	3.0%	3.7%	-0.62 pp	174,610	$4.2M
ELLAUDER ESTEE COS INC	2.9%	2.6%	+0.27 pp	50,226	$4.0M
FISVFISERV INC	2.8%	3.1%	-0.34 pp	78,456	$3.8M
MSFTMICROSOFT CORP	2.8%	2.8%	-0.00 pp	10,296	$3.8M
CPBTHE CAMPBELLS COMPANY	2.6%	2.6%	+0.03 pp	161,043	$3.6M
ADBEADOBE INC	2.6%	2.7%	-0.17 pp	17,288	$3.5M
NKENIKE INC	2.3%	2.9%	-0.53 pp	78,213	$3.2M
TSMTAIWAN SEMICONDUCTOR MANUFAC	1.9%	1.9%	+0.07 pp	5,608	$2.7M
BMYBRISTOL-MYERS SQUIBB CO	1.9%	2.2%	-0.35 pp	45,235	$2.6M
WSTWEST PHARMACEUTICAL SVSC INC	1.8%	1.6%	+0.30 pp	7,106	$2.6M
USBUS BANCORP	1.8%	1.9%	-0.09 pp	41,252	$2.5M
VEEVVEEVA SYS INC	1.8%	—	—	14,008	$2.5M
CMCSACOMCAST CORP NEW	1.8%	1.9%	-0.11 pp	100,843	$2.5M
DISDISNEY WALT CO	1.8%	1.6%	+0.12 pp	25,385	$2.4M
CAGCONAGRA BRANDS INC	1.8%	1.6%	+0.15 pp	180,728	$2.4M
VZVERIZON COMMUNICATIONS INC	1.8%	2.3%	-0.51 pp	57,263	$2.4M
UPSUNITED PARCEL SVCS INC	1.7%	1.5%	+0.21 pp	22,316	$2.4M
BDXBECTON DICKINSON & CO	1.7%	1.6%	+0.12 pp	15,238	$2.3M
UNHUNITEDHEALTH GROUP INC	1.6%	1.4%	+0.23 pp	5,405	$2.2M
DEODIAGEO PLC	1.6%	1.4%	+0.18 pp	27,492	$2.2M
STZCONSTELLATION BRANDS INC	1.6%	2.0%	-0.38 pp	15,651	$2.2M
CRMSALESFORCE INC	1.5%	1.4%	+0.13 pp	13,658	$2.1M
EFXEQUIFAX INC	1.4%	1.7%	-0.25 pp	12,541	$2.0M
AKAMAKAMAI TECHNOLOGIES INC	1.4%	1.8%	-0.42 pp	16,387	$1.9M
HSYHERSHEY CO	1.3%	1.5%	-0.18 pp	10,608	$1.9M
ORCLORACLE CORP	1.2%	1.6%	-0.43 pp	11,496	$1.7M
MDTMEDTRONIC PLC	0.3%	0.2%	+0.10 pp	5,707	$446K
TROWPRICE T ROWE GROUP INC	0.3%	1.6%	-1.32 pp	3,610	$410K
APDAIR PRODUCTS AND CHEMICALS I	0.3%	0.3%	+0.01 pp	1,306	$383K
ACNACCENTURE PLC IRELAND	0.3%	—	—	3,055	$380K
TMOTHERMO FISHER SCIENTIFIC INC	0.3%	0.2%	+0.05 pp	750	$376K
RTXRTX CORPORATION	0.3%	0.3%	+0.00 pp	1,935	$367K
GOOGALPHABET INC	0.3%	0.2%	+0.04 pp	1,030	$364K
NOWSERVICENOW INC	0.2%	0.2%	+0.00 pp	3,415	$339K
CLXCLOROX CO DEL	0.2%	0.3%	-0.01 pp	3,531	$337K
BLKBLACKROCK INC	0.2%	0.2%	+0.01 pp	343	$330K
INTUINTUIT	0.2%	0.3%	-0.06 pp	1,203	$314K
CSGPCOSTAR GROUP INC	0.2%	0.2%	-0.02 pp	10,745	$304K
GOOGLALPHABET INC	0.0%	0.0%	+0.00 pp	4	$1K

What Hillman Capital Management bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

IVV Ishares Tr+27.1% shares
CRM Salesforce Inc+24.7% shares
CAG Conagra Brands Inc+22.4% shares
BDX Becton Dickinson & Co+7.2% shares
ADBE Adobe Inc+6.7% shares
CMCSA Comcast Corp New+5.9% shares

Reduced

TROW Price T Rowe Group Inc-86.1% shares
TSM Taiwan Semiconductor Manufac-29.6% shares
ORCL Oracle Corp-28.6% shares
AKAM Akamai Technologies Inc-28.2% shares
UNH Unitedhealth Group Inc-27.0% shares
USB US Bancorp-21.5% shares
WST West Pharmaceutical Svsc Inc-20.2% shares
BIIB Biogen Inc-18.8% shares

Left the top 50

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +19.2% /yr; S&P 500 +20.1%
3 years: +11.4% /yr; S&P 500 +20.4%
5 years: +5.5% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Questions about Hillman Capital Management's portfolio

What stocks does Hillman Capital Management own?

Hillman Capital Management, Inc.'s latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 54 positions worth $138.2M. The largest are Cvs Health Corp (CVS) at 4.2%, Biogen Inc (BIIB) at 3.8%, Dupont de Nemours Inc Common Stock (DD) at 3.7%, Warner Bros Discovery Inc (WBD) at 3.7% and Baxter Intl Inc (BAX) at 3.6%.

What did Hillman Capital Management buy last quarter?

In Q2 2026, Hillman Capital Management, Inc. added Ishares Tr (IVV) (+27.1% shares), Salesforce Inc (CRM) (+24.7% shares) and Conagra Brands Inc (CAG) (+22.4% shares), compared with its Q1 2026 filing.

What did Hillman Capital Management sell last quarter?

In Q2 2026, Hillman Capital Management, Inc. cut from its top 50 Dupont de Nemours Inc (DD), cut from its top 50 Intuit (INTU), cut from its top 50 Ge Aerospace (GE), cut from its top 50 Costar Group Inc (CSGP), cut from its top 50 Spdr Series Trust (SPLG), Price T Rowe Group Inc (TROW) (-86.1% shares), Taiwan Semiconductor Manufac (TSM) (-29.6% shares) and Oracle Corp (ORCL) (-28.6% shares), compared with its Q1 2026 filing.

How has Hillman Capital Management's portfolio performed?

A portfolio copying Hillman Capital Management, Inc.'s 20 largest 13F holdings each quarter, from the day each filing was public, returned +11.4% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +19.2% against +20.1%. Over 5 years: +5.5% a year against +11.6%.

When is Hillman Capital Management, Inc.'s next 13F filing due?

13F filings are due 45 days after each quarter ends. Hillman Capital Management, Inc.'s filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Hillman Capital Management, Inc. manage?

Hillman Capital Management, Inc. reported $195.9M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $138.2M.