Hillman Capital
Portfolio value$138.2M
Positions54
QuarterQ2 2026ended 2026-06-30
Filed08/142026
Hillman Capital Management, Inc.'s Q2 2026 13F, filed Aug 14, 2026, reports 54 positions worth $138.2M. The ten largest are 36.3% of the book, led by CVS Health at 4.2%, Biogen at 3.8% and DuPont at 3.7%. Against Q1 2026: 3 bought, 14 added to, 35 reduced, 5 sold; the largest moves were sold DuPont and bought DuPont.
Where the money is
CVS44 other
Holdings
| Ticker | Issuer | Weight | Value | Q-end → now | Price vs model | Change |
|---|---|---|---|---|---|---|
| CVS | Cvs Health Corp | 4.2% | $5.7M55,475 sh | 103.45 → −11% | 420% overvalued | reduced −18% |
| BIIB | Biogen INC | 3.8% | $5.2M23,993 sh | 216.06 → +8% | 34% undervalued | reduced −19% |
| DD | Dupont de Nemours INC | 3.7% | $5.1M37,745 sh | 135.64 → −4% | 443% overvalued | bought |
| WBD | Warner Bros Discovery INC | 3.7% | $5.1M189,986 sh | 26.66 → +16% | 137% overvalued | reduced −3% |
| BAX | Baxter Intl INC | 3.6% | $5.0M236,032 sh | 21.32 → +19% | 35% overvalued | reduced −5% |
| IFF | International Flavors&fragra | 3.6% | $5.0M62,875 sh | 79.22 → +14% | 22% overvalued | reduced −14% |
| GSK | Gsk PLC | 3.5% | $4.8M92,383 sh | 52.42 | — | reduced −5% |
| KMX | Carmax INC | 3.5% | $4.8M91,385 sh | 52.89 | — | reduced −16% |
| BA | Boeing CO | 3.4% | $4.7M21,574 sh | 216.47 → −12% | 123% overvalued | reduced −3% |
| ZBH | Zimmer Biomet Holdings INC | 3.4% | $4.6M53,943 sh | 86.09 → +10% | 44% undervalued | reduced −3% |
| KHC | Kraft Heinz CO | 3.4% | $4.6M196,494 sh | 23.62 → +0% | 39% overvalued | reduced −2% |
| BF/B | Brown Forman Corp | 3.3% | $4.6M172,514 sh | 26.65 → +8% | 9% undervalued | reduced −2% |
| PFE | Pfizer INC | 3.0% | $4.2M174,610 sh | 24.08 → +23% | 3% undervalued | reduced −7% |
| EL | Lauder Estee Cos INC | 2.9% | $4.0M50,226 sh | 78.95 → +32% | 1731% overvalued | reduced −4% |
| FISV | Fiserv INC | 2.8% | $3.8M78,456 sh | 49.05 → −3% | 83% undervalued | reduced −3% |
| MSFT | Microsoft Corp | 2.8% | $3.8M10,296 sh | 373.02 → +42% | 10% overvalued | reduced −5% |
| CPB | The Campbells Company | 2.6% | $3.6M161,043 sh | 22.27 | — | reduced −3% |
| ADBE | Adobe INC | 2.6% | $3.5M17,288 sh | 205.02 → +20% | 28% undervalued | added +7% |
| EFA | Ishares Tr | 2.4% | $3.3M31,743 sh | 103.88 | — | added +3% |
| NKE | Nike INC | 2.3% | $3.2M78,213 sh | 41.05 → −10% | 16% overvalued | added +0% |
| TSM | Taiwan Semiconductor Manufac | 1.9% | $2.7M5,608 sh | 477.57 | — | reduced −30% |
| BMY | Bristol-myers Squibb CO | 1.9% | $2.6M45,235 sh | 57.62 → +4% | 43% undervalued | reduced −15% |
| WST | West Pharmaceutical Svsc INC | 1.8% | $2.6M7,106 sh | 359.00 → +7% | 244% overvalued | reduced −20% |
| USB | Us Bancorp | 1.8% | $2.5M41,252 sh | 60.40 → −3% | 10% undervalued | reduced −21% |
| VEEV | Veeva Sys INC | 1.8% | $2.5M14,008 sh | 177.47 → +75% | 157% overvalued | bought |
| CMCSA | Comcast Corp New | 1.8% | $2.5M100,843 sh | 24.55 → −11% | 83% undervalued | added +6% |
| DIS | Disney Walt CO | 1.8% | $2.4M25,385 sh | 96.25 → +15% | 9% undervalued | added +3% |
| CAG | Conagra Brands INC | 1.8% | $2.4M180,728 sh | 13.46 | — | added +22% |
| VZ | Verizon Communications INC | 1.8% | $2.4M57,263 sh | 42.34 → +6% | 67% undervalued | reduced −12% |
| UPS | United Parcel Svcs INC | 1.7% | $2.4M22,316 sh | 107.50 → −9% | 38% undervalued | held |
| BDX | Becton Dickinson & CO | 1.7% | $2.3M15,238 sh | 151.33 → +27% | 14% undervalued | added +7% |
| UNH | Unitedhealth Group INC | 1.6% | $2.2M5,405 sh | 415.63 → −3% | 19% overvalued | reduced −27% |
| DEO | Diageo PLC | 1.6% | $2.2M27,492 sh | 80.38 | — | reduced −0% |
| STZ | Constellation Brands INC | 1.6% | $2.2M15,651 sh | 139.09 → −6% | 5% overvalued | reduced −17% |
| CRM | Salesforce INC | 1.5% | $2.1M13,658 sh | 156.66 → +54% | 37% overvalued | added +25% |
| EFX | Equifax INC | 1.4% | $2.0M12,541 sh | 158.72 → +2% | 39% overvalued | reduced −7% |
| AKAM | Akamai Technologies INC | 1.4% | $1.9M16,387 sh | 118.21 → −26% | 11% undervalued | reduced −28% |
| HSY | Hershey CO | 1.3% | $1.9M10,608 sh | 175.45 → −3% | 22% overvalued | held |
| ORCL | Oracle Corp | 1.2% | $1.7M11,496 sh | 146.55 → −13% | 30% undervalued | reduced −29% |
| IVV | Ishares Tr | 0.9% | $1.2M1,589 sh | 748.89 | — | added +27% |
| MDT | Medtronic PLC | 0.3% | $446,4595,707 sh | 78.23 → +21% | 4% overvalued | added +56% |
| TROW | Price T Rowe Group INC | 0.3% | $410,4213,610 sh | 113.69 → −11% | 36% undervalued | reduced −86% |
| APD | Air Products And Chemicals I | 0.3% | $382,8931,306 sh | 293.18 → +2% | 9% overvalued | reduced −2% |
| ACN | Accenture PLC Ireland | 0.3% | $380,1643,055 sh | 124.44 → +85% | 13% undervalued | bought |
| TMO | Thermo Fisher Scientific INC | 0.3% | $376,020750 sh | 501.36 → +38% | 78% overvalued | added +14% |
| RTX | Rtx Corporation | 0.3% | $367,1281,935 sh | 189.73 → +2% | 9% overvalued | reduced −2% |
| GOOG | Alphabet INC | 0.3% | $363,9301,030 sh | 353.33 → −5% | 49% overvalued | reduced −9% |
| NOW | Servicenow INC | 0.2% | $339,0413,415 sh | 99.28 → +43% | 264% overvalued | added +1% |
| CLX | Clorox CO Del | 0.2% | $336,9993,531 sh | 95.44 → −9% | 39% undervalued | reduced −1% |
| BLK | Blackrock INC | 0.2% | $329,815343 sh | 961.56 → +18% | 23% overvalued | reduced −1% |
| INTU | Intuit | 0.2% | $313,9831,203 sh | 261.00 → +25% | 24% undervalued | added +26% |
| CSGP | Costar Group INC | 0.2% | $304,29810,745 sh | 28.32 → +14% | 94% overvalued | added +26% |
| IWR | Ishares Tr | 0.2% | $221,4562,007 sh | 110.34 | — | reduced −18% |
| GOOGL | Alphabet INC | 0.0% | $1,4294 sh | 357.25 → −5% | 51% overvalued | reduced −33% |
Source: the manager's Form 13F-HR on SEC EDGAR, kept as immutable quarterly snapshots; changes compare two consecutive filings. A 13F is filed up to 45 days after quarter end and covers US-listed long positions only. Tickers come from a self-maintained CUSIP map; a position without one shows its CUSIP. Method notes in where the numbers come from.