HC
Hillman Capital Management, Inc. 13F Holdings & Position Changes (Q2 2026)
Hillman Capital Management, Inc.CIK: 0001314620
Diversified strategyContrarianQuality / disciplined sizing
Total reported value
$138.2M
Reporting period: 2026-06-30 · Number of holdings: 54
Hillman Capital Management, Inc. disclosed 54 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $138.2M and a quarterly turnover rate of 22.3%.
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Personality snowflake
- Concentration
- 10.65
- Portfolio Stability
- 22.28
- Momentum
- 0
- Sector conviction
- 60.76
- Diversification
- 100
- Sizing Uniformity
- 93.32
Hillman Capital Management, Inc.'s disclosed holdings carry a Herfindahl concentration index of 0.027 — mathematically equivalent to about 38 equally-sized positions, close to its 54 actual disclosed holdings. Value is spread relatively evenly across the portfolio rather than concentrated in a handful of names.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.67), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govSold out 6D8
New buy 26614N201
New buy VEEV
Trim TROW
-86.1% -$1.9M
Add CVS
-17.8% $893.8K
Add BAX
-4.6% $877.2K
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | CVS | Cvs Health CORP | Stock-Healthcare | 4.15% | +0.79% | -17.77% | |
| 2 | BIIB | Biogen Inc | Stock-Healthcare | 3.75% | -0.01% | -18.78% | |
| 3 | ✓ | Stock-Other | 3.71% | +3.71% | NEW | ||
| 4 | WBD | Warner Bros Discovery Inc | Stock-Comm Services | 3.67% | -0.07% | -3.22% | |
| 5 | BAX | Baxter International Inc | Stock-Healthcare | 3.64% | +0.75% | -4.56% | |
| 6 | IFF | Intl Flavors & Fragrances | Stock-Materials | 3.61% | -0.06% | -13.60% | |
| 7 | GSK | Gsk Plc-spon Adr | Stock-Healthcare | 3.51% | -0.22% | -5.18% | |
| 8 | KMX | Carmax Inc | Stock-Consumer Disc | 3.50% | +0.35% | -16.30% | |
| 9 | BA | Boeing Co/the | Stock-Industrials | 3.38% | +0.29% | -3.37% | |
| 10 | ZBH | Zimmer Biomet Holdings Inc | Stock-Healthcare | 3.36% | -0.14% | -3.15% | |
| 11 | KHC | Kraft Heinz Co/the | Stock-Consumer Staples | 3.36% | +0.22% | -2.31% | |
| 12 | BF-B | Brown-forman Corp-class B | Stock-Other | 3.33% | +0.09% | -2.22% | |
| 13 | PFE | Pfizer Inc | Stock-Healthcare | 3.04% | -0.62% | -7.09% | |
| 14 | EL | Estee Lauder Companies-cl A | Stock-Consumer Staples | 2.87% | +0.27% | -3.73% | |
| 15 | FISV | Fiserv Inc | Stock-Other | 2.79% | -0.34% | -2.81% | |
| 16 | MSFT | Microsoft CORP | Stock-Tech | 2.78% | — | -4.91% | |
| 17 | CPB | THE Campbell's Company | Stock-Consumer Staples | 2.60% | +0.03% | -3.09% | |
| 18 | ADBE | Adobe Inc | Stock-Tech | 2.57% | -0.16% | +6.72% | |
| 19 | EFA | Ishares Msci Eafe ETF | ETF-Other | 2.39% | +0.31% | +2.88% | |
| 20 | NKE | Nike Inc -cl B | Stock-Consumer Disc | 2.32% | -0.54% | +0.39% | |
| 21 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 1.94% | +0.07% | -29.57% | |
| 22 | BMY | Bristol-myers Squibb Co | Stock-Healthcare | 1.89% | -0.35% | -14.81% | |
| 23 | WST | West Pharmaceutical Services | Stock-Healthcare | 1.85% | +0.30% | -20.21% | |
| 24 | USB | US Bancorp | Stock-Financials | 1.80% | -0.10% | -21.47% | |
| 25 | VEEV | Veeva Systems Inc-class A | Stock-Healthcare | 1.80% | +1.80% | NEW | |
| 26 | CMCSA | Comcast Corp-class A | Stock-Comm Services | 1.79% | -0.11% | +5.90% | |
| 27 | DIS | Walt Disney Co/the | Stock-Comm Services | 1.77% | +0.12% | +3.20% | |
| 28 | CAG | Conagra Brands Inc | Stock-Consumer Staples | 1.76% | +0.15% | +22.41% | |
| 29 | VZ | Verizon Communications Inc | Stock-Comm Services | 1.75% | -0.51% | -11.90% | |
| 30 | UPS | United Parcel Service-cl B | Stock-Industrials | 1.74% | +0.22% | — | |
| 31 | BDX | Becton Dickinson And Co | Stock-Healthcare | 1.67% | +0.12% | +7.24% | |
| 32 | UNH | Unitedhealth Group Inc | Stock-Healthcare | 1.63% | +0.24% | -27.01% | |
| 33 | DEO | Diageo Plc-sponsored Adr | Stock-Consumer Staples | 1.60% | +0.18% | -0.05% | |
| 34 | STZ | Constellation Brands Inc-a | Stock-Consumer Staples | 1.58% | -0.38% | -16.73% | |
| 35 | CRM | Salesforce Inc | Stock-Tech | 1.55% | +0.13% | +24.66% | |
| 36 | EFX | Equifax Inc | Stock-Industrials | 1.44% | -0.26% | -7.49% | |
| 37 | AKAM | Akamai Technologies Inc | Stock-Tech | 1.40% | -0.42% | -28.21% | |
| 38 | HSY | Hershey Co/the | Stock-Consumer Staples | 1.35% | -0.18% | — | |
| 39 | ORCL | Oracle CORP | Stock-Tech | 1.22% | -0.43% | -28.64% | |
| 40 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.86% | +0.29% | +27.12% | |
| 41 | MDT | Medtronic plc | Stock-Healthcare | 0.32% | +0.10% | +55.59% | |
| 42 | TROW | T Rowe Price Group Inc | Stock-Financials | 0.30% | -1.32% | -86.06% | |
| 43 | APD | Air Products & Chemicals Inc | Stock-Materials | 0.28% | +0.01% | -2.46% | |
| 44 | ACN | Accenture plc | Stock-Tech | 0.28% | +0.28% | NEW | |
| 45 | TMO | Thermo Fisher Scientific Inc | Stock-Healthcare | 0.27% | +0.05% | +14.33% | |
| 46 | RTX | Rtx CORP | Stock-Industrials | 0.27% | +0.01% | -2.03% | |
| 47 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.26% | +0.04% | -8.61% | |
| 48 | NOW | Servicenow Inc | Stock-Tech | 0.25% | — | +1.13% | |
| 49 | CLX | Clorox Company | Stock-Consumer Staples | 0.24% | -0.02% | -0.68% | |
| 50 | BLK | Blackrock Inc | Stock-Financials | 0.24% | +0.01% | -1.15% |
1–50 of 54
Portfolio Performance
Performance for Q3 2026
+8.3%
Performance Last 4 Quarters
+23%
- Stdev
- +13.4%
- Beta
- +0.81
- Alpha
- -2%
- Max Drawdown
- -8.8%
- Annualized Perf
- +14.3%
- Batting Avg vs S&P
- +44.4%
- Sortino
- +1.74
- Stutzer
- +0.31
- Treynor
- +0.18
- Sterling
- +0.8
- Calmar
- +1.62
- Information Ratio
- -0.67
- Tracking Error
- +8.6%
- Stdev Down
- +8.2%
- Winning Months %
- +66.7%
- Losing Months %
- +33.3%
- Best 12 Months
- +23%
- Worst 12 Months
- -3.6%
- Efficiency Ratio
- +0.41
- Sharpe
- +1.07
- Stdev Sectors
- +10.1%
- Skewness
- -0.55
- Kurtosis
- +0.26
- Upside Potential
- +3.3
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 54 | $138.2M | 22 | ||
| 2026 Q1 | 56 | $144.0M | 27 | ||
| 2025 Q4 | 56 | $158.9M | 18 | ||
| 2025 Q3 | 53 | $171.8M | 38 | ||
| 2025 Q2 | 50 | $183.3M | 0 | ||
| 2025 Q1 | 51 | $203.3M | 100 | ||
| 2024 Q4 | 54 | $269.6M | 0 | ||
| 2024 Q3 | 52 | $291.6M | 0 | ||
| 2024 Q2 | 53 | $283.2M | 0 | ||
| 2024 Q1 | 52 | $311.2M | 0 | ||
| 2023 Q4 | 53 | $289.7M | 0 | ||
| 2023 Q3 | 53 | $259.7M | 0 | ||
| 2023 Q2 | 100 | $283.3M | 0 | ||
| 2023 Q1 | 97 | $264.3M | 0 | ||
| 2022 Q4 | 97 | $254.5M | 0 | ||
| 2022 Q3 | 93 | $240.9M | 0 | ||
| 2022 Q2 | 93 | $275.3M | 0 | ||
| 2022 Q1 | 93 | $315.0M | 0 | ||
| 2021 Q4 | 98 | $290.9M | 0 | ||
| 2021 Q3 | 96 | $284.8M | 0 | ||
| 2021 Q2 | 48 | $262.8M | 93 | ||
| 2021 Q1 | 43 | $228.0M | 54 | ||
| 2020 Q4 | 46 | $185.2M | 32 | ||
| 2020 Q3 | 36 | $142.1M | 28 | ||
| 2020 Q2 | 38 | $137.3M | 36 | ||
| 2020 Q1 | 36 | $104.4M | 42 | ||
| 2019 Q4 | 50 | $141.1M | 100 | ||
| 2013 Q4 | 38 | $66.9M | 29 | ||
| 2013 Q3 | 39 | $65.3M | 24 | ||
| 2013 Q2 | 45 | $71.9M | 0 |
Holding changes this quarter
Hillman Capital Management, Inc.'s most significant position changes for 2026-06-30: Sold out: Dupont De Nemours Inc (6D8); New buy: ; New buy: Veeva Systems Inc-class A (VEEV); New buy: Accenture plc (ACN); Sold out: General Electric (GE).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | ✓ | +3.7% | NEW | New buy | |
| 2 | VEEV | Veeva Systems Inc-class A | +1.8% | NEW | New buy |
| 3 | CVS | Cvs Health CORP | +0.8% | -17.77% | Trim |
| 4 | BAX | Baxter International Inc | +0.8% | -4.56% | Trim |
| 5 | KMX | Carmax Inc | +0.4% | -16.30% | Trim |
| 6 | EFA | Ishares Msci Eafe ETF | +0.3% | +2.88% | Add |
| 7 | WST | West Pharmaceutical Services | +0.3% | -20.21% | Trim |
| 8 | IVV | Ishares Core S&p 500 ETF | +0.3% | +27.12% | Add |
| 9 | BA | Boeing Co/the | +0.3% | -3.37% | Trim |
| 10 | ACN | Accenture plc | +0.3% | NEW | New buy |
| 11 | EL | Estee Lauder Companies-cl A | +0.3% | -3.73% | Trim |
| 12 | UNH | Unitedhealth Group Inc | +0.2% | -27.01% | Trim |
| 13 | UPS | United Parcel Service-cl B | +0.2% | — | Unchanged |
| 14 | KHC | Kraft Heinz Co/the | +0.2% | -2.31% | Trim |
| 15 | DEO | Diageo Plc-sponsored Adr | +0.2% | -0.05% | Trim |
| 16 | CAG | Conagra Brands Inc | +0.2% | +22.41% | Add |
| 17 | CRM | Salesforce Inc | +0.1% | +24.66% | Add |
| 18 | DIS | Walt Disney Co/the | +0.1% | +3.20% | Add |
| 19 | BDX | Becton Dickinson And Co | +0.1% | +7.24% | Add |
| 20 | MDT | Medtronic plc | +0.1% | +55.59% | Add |
| 21 | BF-B | Brown-forman Corp-class B | +0.1% | -2.22% | Trim |
| 22 | TSM | Taiwan Semiconductor-sp Adr | +0.1% | -29.57% | Trim |
| 23 | TMO | Thermo Fisher Scientific Inc | +0.1% | +14.33% | Add |
| 24 | GOOG | Alphabet Inc-cl C | 0% | -8.61% | Trim |
| 25 | CPB | THE Campbell's Company | 0% | -3.09% | Trim |
| 26 | RTX | Rtx CORP | 0% | -2.03% | Trim |
| 27 | APD | Air Products & Chemicals Inc | 0% | -2.46% | Trim |
| 28 | BLK | Blackrock Inc | 0% | -1.15% | Trim |
| 29 | MSFT | Microsoft CORP | — | -4.91% | Trim |
| 30 | NOW | Servicenow Inc | — | +1.13% | Add |
| 31 | GOOGL | Alphabet Inc-cl A | — | -33.33% | Trim |
| 32 | BIIB | Biogen Inc | 0% | -18.78% | Trim |
| 33 | IWR | Ishares Russell Mid-cap ETF | 0% | -18.05% | Trim |
| 34 | CSGP | Costar Group Inc | 0% | +25.57% | Add |
| 35 | CLX | Clorox Company | 0% | -0.68% | Trim |
| 36 | IFF | Intl Flavors & Fragrances | -0.1% | -13.60% | Trim |
| 37 | INTU | Intuit Inc | -0.1% | +25.71% | Add |
| 38 | WBD | Warner Bros Discovery Inc | -0.1% | -3.22% | Trim |
| 39 | USB | US Bancorp | -0.1% | -21.47% | Trim |
| 40 | CMCSA | Comcast Corp-class A | -0.1% | +5.90% | Add |
| 41 | ZBH | Zimmer Biomet Holdings Inc | -0.1% | -3.15% | Trim |
| 42 | ADBE | Adobe Inc | -0.2% | +6.72% | Add |
| 43 | IGOV | Ishares International Treasu | -0.2% | EXIT | Sold out |
| 44 | BWX | State Street Spdr Bloomberg | -0.2% | EXIT | Sold out |
| 45 | HSY | Hershey Co/the | -0.2% | — | Unchanged |
| 46 | GSK | Gsk Plc-spon Adr | -0.2% | -5.18% | Trim |
| 47 | SPYM | Ste Str Spdr Pt S&p 500 ETF | -0.2% | EXIT | Sold out |
| 48 | GE | General Electric | -0.3% | EXIT | Sold out |
| 49 | EFX | Equifax Inc | -0.3% | -7.49% | Trim |
| 50 | FISV | Fiserv Inc | -0.3% | -2.81% | Trim |
1–50 of 59
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Filing History
FAQ
What is Hillman Capital Management, Inc. and what type of investor is it?
Hillman Capital Management, Inc. is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $138.2M, spread across 54 disclosed positions.
What are Hillman Capital Management, Inc.'s largest equity positions?
Based on the latest 13F filing, Hillman Capital Management, Inc.'s top holdings by market value are:
1. Cvs Health CORP (CVS) — $5.7M (4.2%)
2. Biogen Inc (BIIB) — $5.2M (3.8%)
3. — $5.1M (3.7%)
4. Warner Bros Discovery Inc (WBD) — $5.1M (3.7%)
5. Baxter International Inc (BAX) — $5.0M (3.6%)
What changes did Hillman Capital Management, Inc. make in its most recent portfolio filing?
In the latest reported quarter, Hillman Capital Management, Inc. made 57 notable position adjustments: 3 new positions were initiated, 14 existing holdings were added to, 35 positions were partially reduced, and 5 were completely exited. The largest of these moves: Sold out: Dupont De Nemours Inc (6D8); New buy: ; New buy: Veeva Systems Inc-class A (VEEV); New buy: Accenture plc (ACN); Sold out: General Electric (GE)
What sectors does Hillman Capital Management, Inc. focus on?
Hillman Capital Management, Inc. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Health Care: 35.6%
• Consumer Staples: 17.7%
• Information Technology: 14.1%
• Communication Services: 10.7%
• Industrials: 7.9%
• Consumer Discretionary: 6.7%
Investment Profile
Hillman Capital Management, Inc. returned an annualized 14.3% over the trailing 36 months — underperforming the S&P 500 by 2.0 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.81 (less volatile than the market) and a 44% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 35.6% of the portfolio concentrated in Health Care.
Its turnover score has risen from 0 to 22 over the past 4 quarters — a shift toward more active trading.
It has added to its BAX position over the past two quarters (+$989.7K, now $5.0M), while trimming TROW over the same stretch (-$2.2M, still holding $410.4K).
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Developer Access
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REST API
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