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Hillman Capital Management, Inc.

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13F filer, CIK 1314620, BETHESDA, MD

Hillman Capital Management, Inc. reported $183,256,760 across 50 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-14. Its ten largest share positions make up 35.07% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001398344-25-015414

Period
2025-06-30
Reported value
$183M
Holdings
50
Top 10 weight
35.07%
New
1
Sold out
2

Largest buys vs the previous quarter

SecurityShares changeApprox. value
TSMadded+14,295$3.24M
AKAMnew+4,149$331K
BMYadded+6,796$315K
KHCadded+4,733$122K
EFAadded+1,199$107K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
WUexited-369,190-$3.91M
MCHPreduced-26,817-$1.89M
MSFTreduced-3,050-$1.52M
DISreduced-11,548-$1.43M
ASMLreduced-1,561-$1.25M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q2 2025

Share positions as resolved from 13F-HR 0001398344-25-015414, largest first. % of portfolio is the value over $183,256,760, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
TAT&T INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 460,713 shares; 2024Q4: 450,176 shares; 2025Q1: 263,773 shares; 2025Q2: 235,864 shares 235,864$6.83M3.72%-27,909Timeline
WBDWARNER BROS DISCOVERY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,133,772 shares; 2024Q4: 922,574 shares; 2025Q1: 658,034 shares; 2025Q2: 595,547 shares 595,547$6.82M3.72%-62,487Timeline
BABOEING COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 47,533 shares; 2024Q4: 57,098 shares; 2025Q1: 37,538 shares; 2025Q2: 31,577 shares 31,577$6.62M3.61%-5,961Timeline
ELLAUDER ESTEE COS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 81,795 shares; 2024Q4: 104,638 shares; 2025Q1: 95,274 shares; 2025Q2: 81,599 shares 81,599$6.59M3.6%-13,675Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 23,668 shares; 2024Q4: 21,487 shares; 2025Q1: 16,145 shares; 2025Q2: 13,095 shares 13,095$6.51M3.55%-3,050Timeline
NKENIKE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 79,408 shares; 2024Q4: 113,255 shares; 2025Q1: 93,011 shares; 2025Q2: 90,843 shares 90,843$6.45M3.52%-2,168Timeline
CVSCVS HEALTH CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 121,527 shares; 2024Q4: 119,636 shares; 2025Q1: 100,450 shares; 2025Q2: 92,997 shares 92,997$6.41M3.5%-7,453Timeline
ASMLASML HLDG NVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 12,718 shares; 2025Q1: 9,277 shares; 2025Q2: 7,716 shares 7,716$6.18M3.37%-1,561Timeline
BUDANHEUSER BUSCH INBEV SA NVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 132,101 shares; 2024Q4: 120,423 shares; 2025Q1: 103,850 shares; 2025Q2: 87,093 shares 87,093$5.99M3.27%-16,757Timeline
GSKGSK PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 196,896 shares; 2024Q4: 231,151 shares; 2025Q1: 165,143 shares; 2025Q2: 152,599 shares 152,599$5.86M3.2%-12,544Timeline
PFEPFIZER INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 231,059 shares; 2024Q4: 319,969 shares; 2025Q1: 241,581 shares; 2025Q2: 234,628 shares 234,628$5.69M3.1%-6,953Timeline
DDDUPONT DE NEMOURS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 113,244 shares; 2024Q4: 111,900 shares; 2025Q1: 83,743 shares; 2025Q2: 82,222 shares 82,222$5.64M3.08%-1,521Timeline
IFFINTERNATIONAL FLAVORS&FRAGRAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 100,326 shares; 2024Q4: 98,540 shares; 2025Q1: 80,773 shares; 2025Q2: 74,680 shares 74,680$5.49M3%-6,093Timeline
KHCKRAFT HEINZ COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 239,719 shares; 2024Q4: 247,316 shares; 2025Q1: 204,998 shares; 2025Q2: 209,731 shares 209,731$5.42M2.96%+4,733Timeline
BAXBAXTER INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 222,703 shares; 2024Q4: 204,071 shares; 2025Q1: 182,012 shares; 2025Q2: 178,429 shares 178,429$5.4M2.95%-3,583Timeline
KMXCARMAX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 115,219 shares; 2024Q4: 113,869 shares; 2025Q1: 84,101 shares; 2025Q2: 79,610 shares 79,610$5.35M2.92%-4,491Timeline
BIIBBIOGEN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 35,253 shares; 2024Q4: 43,066 shares; 2025Q1: 44,025 shares; 2025Q2: 41,972 shares 41,972$5.27M2.88%-2,053Timeline
ZBHZIMMER BIOMET HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 80,687 shares; 2024Q4: 78,939 shares; 2025Q1: 58,557 shares; 2025Q2: 55,598 shares 55,598$5.07M2.77%-2,959Timeline
BF-BBROWN FORMAN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 146,173 shares; 2025Q1: 190,279 shares; 2025Q2: 175,788 shares 175,788$4.73M2.58%-14,491Timeline
TROWPRICE T ROWE GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 52,455 shares; 2024Q4: 52,391 shares; 2025Q1: 40,921 shares; 2025Q2: 38,294 shares 38,294$3.7M2.02%-2,627Timeline
TSMTAIWAN SEMICONDUCTOR MANUFACQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,730 shares; 2024Q4: 1,658 shares; 2025Q1: 1,804 shares; 2025Q2: 16,099 shares 16,099$3.65M1.99%+14,295Timeline
DISDISNEY WALT COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 67,980 shares; 2024Q4: 68,065 shares; 2025Q1: 40,310 shares; 2025Q2: 28,762 shares 28,762$3.57M1.95%-11,548Timeline
CMCSACOMCAST CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 149,005 shares; 2024Q4: 148,923 shares; 2025Q1: 108,575 shares; 2025Q2: 99,263 shares 99,263$3.54M1.93%-9,312Timeline
MCHPMICROCHIP TECHNOLOGY INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 4,865 shares; 2025Q1: 76,353 shares; 2025Q2: 49,536 shares 49,536$3.49M1.9%-26,817Timeline
NUENUCOR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 42,943 shares; 2024Q4: 42,140 shares; 2025Q1: 30,665 shares; 2025Q2: 26,829 shares 26,829$3.48M1.9%-3,836Timeline
VZVERIZON COMMUNICATIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 143,731 shares; 2024Q4: 140,965 shares; 2025Q1: 90,959 shares; 2025Q2: 79,527 shares 79,527$3.44M1.88%-11,432Timeline
AMDADVANCED MICRO DEVICES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 31,987 shares; 2025Q2: 24,163 shares 24,163$3.43M1.87%-7,824Timeline
USBUS BANCORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 162,778 shares; 2024Q4: 118,317 shares; 2025Q1: 92,723 shares; 2025Q2: 75,220 shares 75,220$3.4M1.86%-17,503Timeline
BMYBRISTOL-MYERS SQUIBB COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 160,445 shares; 2024Q4: 114,671 shares; 2025Q1: 65,019 shares; 2025Q2: 71,815 shares 71,815$3.32M1.81%+6,796Timeline
CRMSALESFORCE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 21,205 shares; 2024Q4: 21,157 shares; 2025Q1: 14,333 shares; 2025Q2: 12,148 shares 12,148$3.31M1.81%-2,185Timeline
ADBEADOBE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,900 shares; 2024Q4: 10,240 shares; 2025Q1: 9,905 shares; 2025Q2: 8,328 shares 8,328$3.22M1.76%-1,577Timeline
HSYHERSHEY COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 21,808 shares; 2025Q2: 18,608 shares 18,608$3.09M1.69%-3,200Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 35,700 shares; 2024Q4: 36,104 shares; 2025Q1: 22,308 shares; 2025Q2: 17,208 shares 17,208$3.03M1.65%-5,100Timeline
STZCONSTELLATION BRANDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,081 shares; 2024Q4: 1,271 shares; 2025Q1: 21,968 shares; 2025Q2: 18,310 shares 18,310$2.98M1.63%-3,658Timeline
DEODIAGEO PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 51,395 shares; 2025Q1: 37,199 shares; 2025Q2: 29,355 shares 29,355$2.96M1.62%-7,844Timeline
BDXBECTON DICKINSON & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 25,133 shares; 2024Q4: 24,704 shares; 2025Q1: 17,023 shares; 2025Q2: 16,823 shares 16,823$2.9M1.58%-200Timeline
CPBTHE CAMPBELLS COMPANYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 144,006 shares; 2024Q4: 141,340 shares; 2025Q1: 103,772 shares; 2025Q2: 94,210 shares 94,210$2.89M1.58%-9,562Timeline
CAGCONAGRA BRANDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 195,334 shares; 2024Q4: 191,415 shares; 2025Q1: 151,149 shares; 2025Q2: 140,744 shares 140,744$2.88M1.57%-10,405Timeline
EFXEQUIFAX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,845 shares; 2024Q4: 11,413 shares; 2025Q1: 10,989 shares; 2025Q2: 11,079 shares 11,079$2.87M1.57%+90Timeline
EFAISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 24,967 shares; 2024Q4: 26,284 shares; 2025Q1: 24,386 shares; 2025Q2: 25,585 shares 25,585$2.29M1.25%+1,199Timeline
IVVISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 412 shares; 2024Q4: 772 shares; 2025Q1: 732 shares; 2025Q2: 732 shares 732$454K0.25%0Timeline
GEGE AEROSPACEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,709 shares; 2024Q4: 1,648 shares; 2025Q1: 1,706 shares; 2025Q2: 1,504 shares 1,504$387K0.21%-202Timeline
RTXRTX CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,738 shares; 2024Q4: 2,604 shares; 2025Q1: 2,589 shares; 2025Q2: 2,638 shares 2,638$385K0.21%+49Timeline
BLKBLACKROCK INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 331 shares; 2025Q1: 343 shares; 2025Q2: 363 shares 363$381K0.21%+20Timeline
GOOGALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,741 shares; 2024Q4: 1,714 shares; 2025Q1: 1,795 shares; 2025Q2: 1,935 shares 1,935$343K0.19%+140Timeline
XOMEXXON MOBIL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 2,672 shares; 2025Q1: 2,926 shares; 2025Q2: 3,153 shares 3,153$340K0.19%+227Timeline
MDTMEDTRONIC PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,207 shares; 2024Q4: not reported; 2025Q1: 3,512 shares; 2025Q2: 3,802 shares 3,802$331K0.18%+290Timeline
AKAMAKAMAI TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 4,149 shares 4,149$331K0.18%newTimeline
APDAIR PRODUCTS AND CHEMICALS IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,165 shares; 2024Q4: 927 shares; 2025Q1: 1,033 shares; 2025Q2: 1,123 shares 1,123$317K0.17%+90Timeline
IWRISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,482 shares; 2024Q4: 2,426 shares; 2025Q1: 2,429 shares; 2025Q2: 2,433 shares 2,433$224K0.12%+4Timeline

Sold out in Q2 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
WUWESTERN UN CO369,190$3.91Mshares
SPYMSPDR SERIES TRUST8,430$554Kshares

How Q2 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001398344-25-015414 base2025-08-14acceptance time not in the bulk data set