WG
Watchman Group, Inc.'s 13F Portfolio ($447.4M, Q2 2026)
Watchman Group, Inc.CIK: 0001748726
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$447.4M
Reporting period: 2026-06-30 · Number of holdings: 73
Watchman Group, Inc. disclosed 73 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $447.4M and a quarterly turnover rate of 12.4%.
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Personality snowflake
- Concentration
- 19.12
- Portfolio Stability
- 12.38
- Momentum
- 100
- Sector conviction
- 49.04
- Diversification
- 100
- Sizing Uniformity
- 84.11
Watchman Group, Inc.'s disclosed holdings carry a Herfindahl concentration index of 0.048 — mathematically equivalent to about 21 equally-sized positions, well below its 73 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.59), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 2.4 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 30% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd TMSL
+0.3% $5.9M
Sold out AMD
New buy NOW
Trim MTBA
+2.8% $853.9K
Add DFAC
+1.1% $5.4M
Add VSLU
+4.0% $4.5M
Holdings Map
New buyAddUnchangedTrim
💡
Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | MTBA | Simplify Mbs ETF | ETF-Other | 9.90% | -0.61% | +2.78% | |
| 2 | DFAC | Dimensional US Core Equity 2 | ETF-Other | 9.09% | +0.57% | +1.11% | |
| 3 | TMSL | T.rowe Prc Small-mid Cap ETF | ETF-Other | 7.97% | +0.77% | +0.30% | |
| 4 | VSLU | Applied Finance Valuat ETF | ETF-Other | 7.73% | +0.45% | +4.03% | |
| 5 | DFAT | Dimensional US Target Value | ETF-Other | 6.74% | +0.23% | +0.27% | |
| 6 | TLH | Ishares 10-20 Year Treasury | ETF-Gov Bonds | 6.17% | -0.44% | +1.47% | |
| 7 | FBND | Fidelity Total Bond ETF | ETF-Other | 4.69% | -0.19% | +4.16% | |
| 8 | DFIC | Dimensional International Co | ETF-Other | 3.61% | -0.11% | +0.12% | |
| 9 | DFEM | Dimensional Emrg Mrkt Core | ETF-Other | 2.68% | -0.08% | -10.64% | |
| 10 | AVDE | Avantis International Equity | ETF-Other | 2.29% | +0.09% | +7.21% | |
| 11 | FRDM | Freedom 100 Emeging Mrkt ETF | ETF-Other | 2.04% | -0.22% | -26.74% | |
| 12 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 2.00% | +0.21% | -1.58% | |
| 13 | SGOV | Ishares 0-3 Month Treasury B | ETF-Gov Bonds | 1.76% | +0.13% | +16.87% | |
| 14 | APH | Amphenol Corp-cl A | Stock-Tech | 1.74% | +0.35% | -2.82% | |
| 15 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 1.68% | -0.05% | +0.86% | |
| 16 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 1.54% | +0.17% | -2.15% | |
| 17 | TSLA | Tesla Inc | Stock-Consumer Disc | 1.51% | +0.06% | -0.35% | |
| 18 | V | Visa Inc-class A Shares | Stock-Financials | 1.15% | +0.08% | +2.35% | |
| 19 | MSFT | Microsoft CORP | Stock-Tech | 1.13% | -0.08% | +0.15% | |
| 20 | WAB | Wabtec CORP | Stock-Industrials | 1.12% | -0.08% | -6.72% | |
| 21 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 1.08% | +0.07% | +1.79% | |
| 22 | CVCO | Cavco Industries Inc | Stock-Consumer Disc | 1.07% | +0.17% | +1.41% | |
| 23 | CSL | Carlisle Cos Inc | Stock-Industrials | 1.06% | — | -0.18% | |
| 24 | SYK | Stryker CORP | Stock-Healthcare | 1.06% | -0.15% | -0.86% | |
| 25 | DHI | Dr Horton Inc | Stock-Consumer Disc | 0.99% | +0.09% | -0.11% | |
| 26 | MKL | Markel Group Inc | Stock-Financials | 0.97% | -0.05% | +0.14% | |
| 27 | PCAR | Paccar Inc | Stock-Industrials | 0.96% | -0.05% | -0.83% | |
| 28 | GD | General Dynamics CORP | Stock-Industrials | 0.95% | -0.13% | -8.24% | |
| 29 | TPL | Texas Pacific Land CORP | Stock-Energy | 0.94% | -0.15% | +1.47% | |
| 30 | CAVA | Cava Group Inc | Stock-Consumer Disc | 0.90% | -0.16% | -4.90% | |
| 31 | NXPI | NXP Semiconductors N.V. | Stock-Tech | 0.88% | +0.14% | -9.65% | |
| 32 | UFPI | Ufp Industries Inc | Stock-Materials | 0.83% | -0.02% | +7.65% | |
| 33 | CMI | Cummins Inc | Stock-Industrials | 0.81% | +0.12% | -4.20% | |
| 34 | UBER | Uber Technologies Inc | Stock-Industrials | 0.80% | -0.06% | +0.20% | |
| 35 | A | Agilent Technologies Inc | Stock-Healthcare | 0.79% | +0.08% | +2.66% | |
| 36 | FFIN | First Finl Bankshares Inc | Stock-Financials | 0.74% | +0.06% | -0.30% | |
| 37 | LOW | Lowe's Cos Inc | Stock-Consumer Disc | 0.72% | -0.13% | -1.01% | |
| 38 | SFBS | Servisfirst Bancshares Inc | Stock-Financials | 0.68% | +0.10% | +6.07% | |
| 39 | EMTL | Ss Doubleline Em Fi ETF | ETF-Other | 0.65% | -0.04% | +2.21% | |
| 40 | NOW | Servicenow Inc | Stock-Tech | 0.64% | +0.64% | NEW | |
| 41 | IUSG | Ishares Core S&p U.s. Growth | ETF-Other | 0.63% | +0.06% | -1.55% | |
| 42 | ACN | Accenture plc | Stock-Tech | 0.63% | -0.09% | +50.20% | |
| 43 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.54% | -0.16% | -15.67% | |
| 44 | NVR | Nvr Inc | Stock-Consumer Disc | 0.42% | -0.18% | -26.93% | |
| 45 | INTU | Intuit Inc | Stock-Tech | 0.40% | -0.36% | -4.10% | |
| 46 | IJK | Ishares S&p Mid-cap 400 Grow | ETF-Other | 0.33% | +0.02% | -0.89% | |
| 47 | USFR | Wisdomtree Floating Rate Tre | ETF-Other | 0.26% | -0.08% | -16.12% | |
| 48 | IJH | Ishares Core S&p Midcap ETF | ETF-Other | 0.25% | -0.24% | -51.44% | |
| 49 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 0.21% | +0.01% | -1.51% | |
| 50 | WMT | Walmart Inc | Stock-Consumer Staples | 0.20% | -0.04% | — |
1–50 of 73
Portfolio Performance
Performance for Q3 2026
+1.3%
Performance Last 4 Quarters
+13.9%
- Stdev
- +11.6%
- Beta
- +0.82
- Alpha
- -2.3%
- Max Drawdown
- -8.3%
- Annualized Perf
- +14.2%
- Batting Avg vs S&P
- +41.7%
- Sortino
- +2.27
- Stutzer
- +0.35
- Treynor
- +0.17
- Sterling
- +0.9
- Calmar
- +1.71
- Information Ratio
- -1.1
- Tracking Error
- +5.4%
- Stdev Down
- +6.2%
- Winning Months %
- +69.4%
- Losing Months %
- +30.6%
- Best 12 Months
- +27.6%
- Worst 12 Months
- +1.9%
- Efficiency Ratio
- +0.47
- Sharpe
- +1.21
- Stdev Sectors
- +7.6%
- Skewness
- -0.04
- Kurtosis
- -0.36
- Upside Potential
- +3.94
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 73 | $447.4M | 12 | ||
| 2026 Q1 | 73 | $413.2M | 12 | ||
| 2025 Q4 | 77 | $418.9M | 12 | ||
| 2025 Q3 | 78 | $413.1M | 34 | ||
| 2025 Q2 | 77 | $383.6M | 0 | ||
| 2025 Q1 | 80 | $356.8M | 100 | ||
| 2024 Q4 | 84 | $380.8M | 0 | ||
| 2024 Q3 | 81 | $383.6M | 0 | ||
| 2024 Q2 | 79 | $313.2M | 0 | ||
| 2024 Q1 | 83 | $330.9M | 0 | ||
| 2023 Q4 | 78 | $303.4M | 0 | ||
| 2023 Q3 | 72 | $235.4M | 0 | ||
| 2023 Q2 | 65 | $201.8M | 0 | ||
| 2023 Q1 | 66 | $191.7M | 0 | ||
| 2022 Q4 | 67 | $181.1M | 0 | ||
| 2022 Q3 | 68 | $159.0M | 0 | ||
| 2022 Q2 | 68 | $162.2M | 0 | ||
| 2022 Q1 | 73 | $168.6M | 0 | ||
| 2021 Q4 | 79 | $190.8M | 0 | ||
| 2021 Q3 | 70 | $155.2M | 0 | ||
| 2021 Q2 | 73 | $171.3M | 97 | ||
| 2021 Q1 | 76 | $162.2M | 13 | ||
| 2020 Q4 | 74 | $150.7M | 17 | ||
| 2020 Q3 | 75 | $135.4M | 18 | ||
| 2020 Q2 | 78 | $120.4M | 38 | ||
| 2020 Q1 | 73 | $97.1M | 44 | ||
| 2019 Q4 | 79 | $134.3M | 0 |
Holding changes this quarter
Watchman Group, Inc.'s most significant position changes for 2026-06-30: Sold out: Advanced Micro Devices (AMD); New buy: Servicenow Inc (NOW); Sold out: Invsco Glxy Btcn ETF (BTCO); New buy: Simplify Managed Futures St (CTA); New buy: Ishares Bitcoin Trust ETF (IBIT).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | TMSL | T.rowe Prc Small-mid Cap ETF | +0.8% | +0.30% | Add |
| 2 | NOW | Servicenow Inc | +0.6% | NEW | New buy |
| 3 | DFAC | Dimensional US Core Equity 2 | +0.6% | +1.11% | Add |
| 4 | VSLU | Applied Finance Valuat ETF | +0.5% | +4.03% | Add |
| 5 | APH | Amphenol Corp-cl A | +0.4% | -2.82% | Trim |
| 6 | DFAT | Dimensional US Target Value | +0.2% | +0.27% | Add |
| 7 | GOOG | Alphabet Inc-cl C | +0.2% | -1.58% | Trim |
| 8 | GOOGL | Alphabet Inc-cl A | +0.2% | -2.15% | Trim |
| 9 | CVCO | Cavco Industries Inc | +0.2% | +1.41% | Add |
| 10 | NXPI | NXP Semiconductors N.V. | +0.1% | -9.65% | Trim |
| 11 | SGOV | Ishares 0-3 Month Treasury B | +0.1% | +16.87% | Add |
| 12 | CMI | Cummins Inc | +0.1% | -4.20% | Trim |
| 13 | SFBS | Servisfirst Bancshares Inc | +0.1% | +6.07% | Add |
| 14 | AVDE | Avantis International Equity | +0.1% | +7.21% | Add |
| 15 | DHI | Dr Horton Inc | +0.1% | -0.11% | Trim |
| 16 | V | Visa Inc-class A Shares | +0.1% | +2.35% | Add |
| 17 | A | Agilent Technologies Inc | +0.1% | +2.66% | Add |
| 18 | CTA | Simplify Managed Futures St | +0.1% | NEW | New buy |
| 19 | AMZN | Amazon.com Inc | +0.1% | +1.79% | Add |
| 20 | TSLA | Tesla Inc | +0.1% | -0.35% | Trim |
| 21 | FFIN | First Finl Bankshares Inc | +0.1% | -0.30% | Trim |
| 22 | IUSG | Ishares Core S&p U.s. Growth | +0.1% | -1.55% | Trim |
| 23 | IBIT | Ishares Bitcoin Trust ETF | +0.1% | NEW | New buy |
| 24 | BKLC | Bny Mellon US Lrg Cap Cor | +0.1% | NEW | New buy |
| 25 | QQQ | Invesco Qqq Trust Series 1 | +0.1% | NEW | New buy |
| 26 | CSCO | Cisco Systems Inc | 0% | +2.92% | Add |
| 27 | IJK | Ishares S&p Mid-cap 400 Grow | 0% | -0.89% | Trim |
| 28 | RAVE | Rave Restaurant Group Inc | 0% | — | Unchanged |
| 29 | VOO | Vanguard S&p 500 ETF | 0% | -1.51% | Trim |
| 30 | DIA | Ss Spdr Dow Jones Indus Avg | 0% | — | Unchanged |
| 31 | AAPL | Apple Inc | 0% | -2.57% | Trim |
| 32 | IVV | Ishares Core S&p 500 ETF | 0% | — | Unchanged |
| 33 | CSL | Carlisle Cos Inc | — | -0.18% | Trim |
| 34 | VEA | Vanguard Ftse Developed ETF | — | — | Unchanged |
| 35 | NVDA | Nvidia CORP | — | -0.68% | Trim |
| 36 | IWD | Ishares Russell 1000 Value E | — | -2.86% | Trim |
| 37 | JNJ | Johnson & Johnson | — | +1.55% | Add |
| 38 | BSV | Vanguard Short-term Bond ETF | — | +7.64% | Add |
| 39 | EFG | Ishares Msci Eafe Growth ETF | — | -3.13% | Trim |
| 40 | IUSV | Ishares Core S&p U.s. Value | — | — | Unchanged |
| 41 | AFL | Aflac Inc | 0% | — | Unchanged |
| 42 | MCD | Mcdonald's CORP | 0% | +2.22% | Add |
| 43 | VRSK | Verisk Analytics Inc | 0% | — | Unchanged |
| 44 | YUM | Yum! Brands Inc | 0% | +1.14% | Add |
| 45 | KO | Coca-cola Co/the | 0% | -5.85% | Trim |
| 46 | UFPI | Ufp Industries Inc | 0% | +7.65% | Add |
| 47 | XOM | Exxon Mobil CORP | 0% | — | Unchanged |
| 48 | IHI | Ishares U.s. Medical Devices | 0% | — | Unchanged |
| 49 | WMT | Walmart Inc | 0% | — | Unchanged |
| 50 | EMTL | Ss Doubleline Em Fi ETF | 0% | +2.21% | Add |
1–50 of 78
Filing History
FAQ
What is Watchman Group, Inc. and what type of investor is it?
Watchman Group, 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 $447.4M, spread across 73 disclosed positions.
What are Watchman Group, Inc.'s largest equity positions?
Based on the latest 13F filing, Watchman Group, Inc.'s top holdings by market value are:
1. Simplify Mbs ETF (MTBA) — $44.3M (9.9%)
2. Dimensional US Core Equity 2 (DFAC) — $40.7M (9.1%)
3. T.rowe Prc Small-mid Cap ETF (TMSL) — $35.7M (8.0%)
4. Applied Finance Valuat ETF (VSLU) — $34.6M (7.7%)
5. Dimensional US Target Value (DFAT) — $30.2M (6.7%)
What changes did Watchman Group, Inc. make in its most recent portfolio filing?
In the latest reported quarter, Watchman Group, Inc. made 68 notable position adjustments: 5 new positions were initiated, 28 existing holdings were added to, 30 positions were partially reduced, and 5 were completely exited. The largest of these moves: Sold out: Advanced Micro Devices (AMD); New buy: Servicenow Inc (NOW); Sold out: Invsco Glxy Btcn ETF (BTCO); New buy: Simplify Managed Futures St (CTA); New buy: Ishares Bitcoin Trust ETF (IBIT)
What sectors does Watchman Group, Inc. focus on?
Watchman Group, Inc. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Consumer Discretionary: 22.5%
• Information Technology: 19.2%
• Industrials: 19.2%
• Communication Services: 13.5%
• Financials: 12.1%
• Health Care: 6.5%
Investment Profile
Watchman Group, Inc. returned an annualized 14.2% over the trailing 36 months — underperforming the S&P 500 by 2.3 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.82 (less volatile than the market) and a 42% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding.
It has added to its AVDE position over the past two quarters (+$9.5M, now $10.2M), while trimming IJH over the same stretch (-$5.2M, still holding $1.1M).
Peer Institutions
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CIK 0001535387
Total reported value
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Concentration1.4
Portfolio Stability100.0
Sector conviction35.5
AUM within 0.0% of this institution
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LF
Level Financial Advisors
CIK 0001871734
Total reported value
$447.5M
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Concentration19.3
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WC
Wealthspring Capital LLC
CIK 0001844495
Total reported value
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Concentration5.8
Portfolio Stability0.0
Sector conviction0.0
AUM within 0.0% of this institution
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Developer Access
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