Q3 2026 13F · SEC CIK 1748726

Watchman Group, Inc.

Wealth managerFiled 2026-10-16 for Q3 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $434.3M
Reported positions: 72
Top holdings a year, 3 yrs: +11.5%
Assets under management: $639.7M

Watchman Group, Inc. is a wealth manager that reported 72 positions worth $434.3M in its Q3 2026 13F, filed 2026-10-16. Its largest holdings were Ishares Tr (IEI, 10.1%), Dimensional ETF Trust (DFAC, 9.5%), ETF Opportunities Trust (VSLU, 8.7%). A portfolio copying its top holdings returned 11.5% a year over the last 3 years, against 20.4% for the S&P 500.

Watchman Group, Inc. holdings largest 50 of 72 positions.

Weights are shares of the filer's total reported 13F value, compared with Q2 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Watchman Group, Inc. 13F holdings
Stock	% of 13F value	Q2 2026	Shares	Share change	Reported value
IEIIshares Tr	10.1%	—	387,270	—	$43.9M
DFACDimensional ETF Trust	9.5%	9.1%	931,139	+1.6%	$41.4M
VSLUETF Opportunities Trust	8.7%	7.7%	774,439	+3.5%	$37.6M
TMSLT Rowe Price Exchange-Traded	7.6%	8.0%	808,089	-0.7%	$32.9M
DFATDimensional ETF Trust	6.5%	6.7%	427,201	-1.0%	$28.4M
TLHIshares Tr	5.7%	6.2%	268,554	-2.3%	$24.8M
FBNDFidelity Merrimack Str Tr	4.8%	4.7%	481,578	+4.5%	$20.9M
DFICDimensional ETF Trust	3.8%	3.6%	434,821	+0.4%	$16.4M
DFEMDimensional ETF Trust	2.7%	2.7%	297,852	+0.9%	$11.8M
AVDEAvantis International Equity ETF	2.5%	2.3%	118,750	+3.6%	$10.7M
FRDMEa Series Trust	2.0%	2.0%	125,687	+0.2%	$8.8M
GOOGAlphabet Inc	2.0%	2.0%	25,000	-1.3%	$8.5M
BRK-BBerkshire Hathaway Inc Del	1.8%	1.7%	15,366	+2.0%	$7.7M
APHAmphenol Corp	1.7%	1.7%	86,396	+96.0%	$7.3M
MSFTMicrosoft Corp	1.6%	1.1%	13,389	-1.2%	$6.9M
GOOGLAlphabet Inc	1.5%	1.5%	18,470	-4.4%	$6.4M
TSLATesla Inc	1.3%	1.5%	15,690	-2.2%	$5.6M
VVisa Inc	1.2%	1.1%	14,953	-0.1%	$5.4M
SGOVIshares Tr	1.2%	1.8%	52,811	-32.4%	$5.3M
AMZNAmazon Com Inc	1.2%	1.1%	20,468	+0.8%	$5.1M
WABWabtec	1.1%	1.1%	16,817	-9.4%	$4.8M
AAgilent Technologies Inc	1.0%	0.8%	25,586	-3.7%	$4.4M
CVCOCavco Inds Inc Del	1.0%	1.1%	7,771	-0.2%	$4.4M
CSLCarlisle Cos Inc	1.0%	1.1%	13,033	-0.6%	$4.2M
SYKStryker Corporation	0.9%	1.1%	14,048	-6.5%	$3.9M
NOWServicenow Inc	0.9%	0.6%	28,676	-0.5%	$3.8M
ACNAccenture PLC Ireland	0.9%	0.6%	20,761	-8.5%	$3.8M
GDGeneral Dynamics Corp	0.9%	0.9%	11,433	-4.6%	$3.8M
MKLMarkel Group Inc	0.9%	1.0%	2,195	-0.9%	$3.8M
DHID R Horton Inc	0.8%	1.0%	26,861	-0.9%	$3.7M
PCARPaccar Inc	0.8%	1.0%	32,587	-9.0%	$3.6M
NXPINxp Semiconductors N V	0.8%	0.9%	14,153	+0.5%	$3.4M
METAMeta Platforms Inc	0.7%	0.5%	4,370	+1.8%	$3.2M
TPLTexas Pacific Land Corporati	0.7%	0.9%	9,671	+0.4%	$3.2M
UFPIUfp Industries Inc	0.7%	0.8%	40,594	-0.6%	$3.1M
CAVACava Group Inc	0.7%	0.9%	56,328	+9.6%	$3.0M
FFINFirst Finl Bankshares Inc	0.7%	0.7%	95,477	+0.2%	$3.0M
UBERUber Technologies Inc	0.7%	0.8%	43,634	-11.8%	$3.0M
IUSGIshares Tr	0.7%	0.6%	14,796	-1.8%	$2.9M
SFBSServisfirst Bancshares Inc	0.7%	0.7%	70,683	+102.3%	$2.8M
CMICummins Inc	0.6%	0.8%	4,965	-2.5%	$2.6M
LOWLowes Cos Inc	0.5%	0.7%	11,838	-19.2%	$2.2M
INTUIntuit	0.5%	0.4%	7,845	+13.3%	$2.2M
AGGIshares Tr	0.4%	—	19,354	—	$1.8M
NVDANvidia Corporation	0.4%	—	7,782	—	$1.8M
NVRNvr Inc	0.4%	0.4%	282	+2.9%	$1.7M
IJKIshares S&p Mid Cap 400 Growth	0.3%	0.3%	12,289	-1.1%	$1.3M
USFRWisdomtree Tr	0.2%	0.3%	21,435	-8.2%	$1.1M
AAPLApple Inc	0.2%	—	3,157	—	$1.1M
VOOVanguard Index Fds	0.2%	0.2%	1,370	+0.0%	$960K

What Watchman Group, Inc. bought and sold in Q3 2026, against Q2 2026.

New positions

Q2 2026's filing was too long to tell new positions apart.

Share counts compared with the Q2 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: +15.0% /yr; S&P 500 +20.1%
3 years: +11.5% /yr; S&P 500 +20.4%
5 years: +4.6% /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.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q3 2026	$434.3M	72
Q2 2026	$447.4M	73
Q1 2026	$413.2M	73
Q4 2025	$418.9M	77
Q3 2025	$413.1M	78
Q2 2025	$383.6M	77
Q1 2025	$356.8M	80
Q4 2024	$380.8M	84
Q3 2024	$383.6M	81
Q2 2024	$313.2M	79
Q1 2024	$330.9M	83
Q4 2023	$303.4M	78

Questions about Watchman Group, Inc.'s portfolio

What stocks does Watchman Group, Inc. own?

Watchman Group, Inc.'s latest 13F, for Q3 2026 and filed Oct 16, 2026, lists 72 positions worth $434.3M. The largest are Ishares Tr (IEI) at 10.1%, Dimensional ETF Trust (DFAC) at 9.5%, ETF Opportunities Trust (VSLU) at 8.7%, T Rowe Price Exchange-Traded (TMSL) at 7.6% and Dimensional ETF Trust (DFAT) at 6.5%.

What did Watchman Group, Inc. buy last quarter?

In Q3 2026, Watchman Group, Inc. added Servisfirst Bancshares Inc (SFBS) (+102.3% shares), Amphenol Corp (APH) (+96.0% shares) and Intuit (INTU) (+13.3% shares), compared with its Q2 2026 filing.

What did Watchman Group, Inc. sell last quarter?

In Q3 2026, Watchman Group, Inc. cut from its top 50 Simplify Exchange Traded Fun (MTBA), cut from its top 50 Ssga Active Tr (EMTL), cut from its top 50 Ishares Tr (IJH), cut from its top 50 Walmart Inc (WMT), Ishares Tr (SGOV) (-32.4% shares), Lowes Cos Inc (LOW) (-19.2% shares) and Uber Technologies Inc (UBER) (-11.8% shares), compared with its Q2 2026 filing.

How has Watchman Group, Inc.'s portfolio performed?

A portfolio copying Watchman Group, Inc.'s 20 largest 13F holdings each quarter, from the day each filing was public, returned +11.5% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +15.0% against +20.1%. Over 5 years: +4.6% a year against +11.6%.

When is Watchman Group, Inc.'s next 13F filing due?

13F filings are due 45 days after each quarter ends. Watchman Group, Inc.'s filing for the quarter ending Dec 31, 2026 is due by Feb 14, 2027; this page updates the day after it is published.

How much money does Watchman Group, Inc. manage?

Watchman Group, Inc. reported $639.7M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $434.3M.