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Hillman Capital Management, Inc.

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13F filer, CIK 1314620, BETHESDA, MD

Hillman Capital Management, Inc. reported $171,848,541 across 53 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-14. Its ten largest share positions make up 35.04% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001398344-25-020908

Period
2025-09-30
Reported value
$172M
Holdings
53
Top 10 weight
35.04%
New
5
Sold out
2

Largest buys vs the previous quarter

SecurityShares changeApprox. value
FISVnew+22,900$2.95M
UNHnew+8,181$2.82M
WSTnew+10,273$2.69M
UPSnew+31,884$2.66M
CPBadded+78,824$2.49M

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
Texited-235,864-$6.83M
WBDreduced-264,820-$5.17M
GOOGLreduced-17,200-$4.18M
AMDexited-24,163-$3.43M
MCHPreduced-44,086-$2.83M

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, Q3 2025

Share positions as resolved from 13F-HR 0001398344-25-020908, largest first. % of portfolio is the value over $171,848,541, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
ASMLASML HLDG NVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 12,718 shares; 2025Q1: 9,277 shares; 2025Q2: 7,716 shares; 2025Q3: 6,768 shares 6,768$6.55M3.81%-948Timeline
WBDWARNER BROS DISCOVERY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,133,772 shares; 2024Q4: 922,574 shares; 2025Q1: 658,034 shares; 2025Q2: 595,547 shares; 2025Q3: 330,727 shares 330,727$6.46M3.76%-264,820Timeline
ELLAUDER ESTEE COS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 81,795 shares; 2024Q4: 104,638 shares; 2025Q1: 95,274 shares; 2025Q2: 81,599 shares; 2025Q3: 70,688 shares 70,688$6.23M3.62%-10,911Timeline
CVSCVS HEALTH CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 121,527 shares; 2024Q4: 119,636 shares; 2025Q1: 100,450 shares; 2025Q2: 92,997 shares; 2025Q3: 82,359 shares 82,359$6.21M3.61%-10,638Timeline
BABOEING COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 47,533 shares; 2024Q4: 57,098 shares; 2025Q1: 37,538 shares; 2025Q2: 31,577 shares; 2025Q3: 28,492 shares 28,492$6.15M3.58%-3,085Timeline
GSKGSK PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 196,896 shares; 2024Q4: 231,151 shares; 2025Q1: 165,143 shares; 2025Q2: 152,599 shares; 2025Q3: 141,779 shares 141,779$6.12M3.56%-10,820Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 23,668 shares; 2024Q4: 21,487 shares; 2025Q1: 16,145 shares; 2025Q2: 13,095 shares; 2025Q3: 11,470 shares 11,470$5.94M3.46%-1,625Timeline
DDDUPONT DE NEMOURS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 113,244 shares; 2024Q4: 111,900 shares; 2025Q1: 83,743 shares; 2025Q2: 82,222 shares; 2025Q3: 71,174 shares 71,174$5.54M3.23%-11,048Timeline
PFEPFIZER INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 231,059 shares; 2024Q4: 319,969 shares; 2025Q1: 241,581 shares; 2025Q2: 234,628 shares; 2025Q3: 216,552 shares 216,552$5.52M3.21%-18,076Timeline
KHCKRAFT HEINZ COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 239,719 shares; 2024Q4: 247,316 shares; 2025Q1: 204,998 shares; 2025Q2: 209,731 shares; 2025Q3: 211,151 shares 211,151$5.5M3.2%+1,420Timeline
CPBTHE CAMPBELLS COMPANYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 144,006 shares; 2024Q4: 141,340 shares; 2025Q1: 103,772 shares; 2025Q2: 94,210 shares; 2025Q3: 173,034 shares 173,034$5.46M3.18%+78,824Timeline
BUDANHEUSER BUSCH INBEV SA NVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 132,101 shares; 2024Q4: 120,423 shares; 2025Q1: 103,850 shares; 2025Q2: 87,093 shares; 2025Q3: 90,738 shares 90,738$5.41M3.15%+3,645Timeline
BAXBAXTER INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 222,703 shares; 2024Q4: 204,071 shares; 2025Q1: 182,012 shares; 2025Q2: 178,429 shares; 2025Q3: 236,603 shares 236,603$5.39M3.13%+58,174Timeline
BIIBBIOGEN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 35,253 shares; 2024Q4: 43,066 shares; 2025Q1: 44,025 shares; 2025Q2: 41,972 shares; 2025Q3: 38,354 shares 38,354$5.37M3.13%-3,618Timeline
ZBHZIMMER BIOMET HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 80,687 shares; 2024Q4: 78,939 shares; 2025Q1: 58,557 shares; 2025Q2: 55,598 shares; 2025Q3: 52,815 shares 52,815$5.2M3.03%-2,783Timeline
NKENIKE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 79,408 shares; 2024Q4: 113,255 shares; 2025Q1: 93,011 shares; 2025Q2: 90,843 shares; 2025Q3: 74,155 shares 74,155$5.17M3.01%-16,688Timeline
BF-BBROWN FORMAN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 146,173 shares; 2025Q1: 190,279 shares; 2025Q2: 175,788 shares; 2025Q3: 188,254 shares 188,254$5.1M2.97%+12,466Timeline
IFFINTERNATIONAL FLAVORS&FRAGRAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 100,326 shares; 2024Q4: 98,540 shares; 2025Q1: 80,773 shares; 2025Q2: 74,680 shares; 2025Q3: 79,264 shares 79,264$4.88M2.84%+4,584Timeline
KMXCARMAX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 115,219 shares; 2024Q4: 113,869 shares; 2025Q1: 84,101 shares; 2025Q2: 79,610 shares; 2025Q3: 91,489 shares 91,489$4.11M2.39%+11,879Timeline
VZVERIZON COMMUNICATIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 143,731 shares; 2024Q4: 140,965 shares; 2025Q1: 90,959 shares; 2025Q2: 79,527 shares; 2025Q3: 72,697 shares 72,697$3.2M1.86%-6,830Timeline
BDXBECTON DICKINSON & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 25,133 shares; 2024Q4: 24,704 shares; 2025Q1: 17,023 shares; 2025Q2: 16,823 shares; 2025Q3: 16,814 shares 16,814$3.15M1.83%-9Timeline
DISDISNEY WALT COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 67,980 shares; 2024Q4: 68,065 shares; 2025Q1: 40,310 shares; 2025Q2: 28,762 shares; 2025Q3: 27,452 shares 27,452$3.14M1.83%-1,310Timeline
BMYBRISTOL-MYERS SQUIBB COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 160,445 shares; 2024Q4: 114,671 shares; 2025Q1: 65,019 shares; 2025Q2: 71,815 shares; 2025Q3: 69,440 shares 69,440$3.13M1.82%-2,375Timeline
TSMTAIWAN SEMICONDUCTOR MANUFACQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,730 shares; 2024Q4: 1,658 shares; 2025Q1: 1,804 shares; 2025Q2: 16,099 shares; 2025Q3: 11,175 shares 11,175$3.12M1.82%-4,924Timeline
TROWPRICE T ROWE GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 52,455 shares; 2024Q4: 52,391 shares; 2025Q1: 40,921 shares; 2025Q2: 38,294 shares; 2025Q3: 29,708 shares 29,708$3.05M1.77%-8,586Timeline
NUENUCOR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 42,943 shares; 2024Q4: 42,140 shares; 2025Q1: 30,665 shares; 2025Q2: 26,829 shares; 2025Q3: 22,486 shares 22,486$3.05M1.77%-4,343Timeline
USBUS BANCORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 162,778 shares; 2024Q4: 118,317 shares; 2025Q1: 92,723 shares; 2025Q2: 75,220 shares; 2025Q3: 62,293 shares 62,293$3.01M1.75%-12,927Timeline
ADBEADOBE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,900 shares; 2024Q4: 10,240 shares; 2025Q1: 9,905 shares; 2025Q2: 8,328 shares; 2025Q3: 8,443 shares 8,443$2.98M1.73%+115Timeline
FISVFISERV INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 22,900 shares 22,900$2.95M1.72%newTimeline
CRMSALESFORCE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 21,205 shares; 2024Q4: 21,157 shares; 2025Q1: 14,333 shares; 2025Q2: 12,148 shares; 2025Q3: 12,371 shares 12,371$2.93M1.71%+223Timeline
CMCSACOMCAST CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 149,005 shares; 2024Q4: 148,923 shares; 2025Q1: 108,575 shares; 2025Q2: 99,263 shares; 2025Q3: 92,994 shares 92,994$2.92M1.7%-6,269Timeline
DEODIAGEO PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 51,395 shares; 2025Q1: 37,199 shares; 2025Q2: 29,355 shares; 2025Q3: 29,842 shares 29,842$2.85M1.66%+487Timeline
UNHUNITEDHEALTH GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 471 shares; 2024Q4: 529 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 8,181 shares 8,181$2.82M1.64%newTimeline
EFXEQUIFAX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,845 shares; 2024Q4: 11,413 shares; 2025Q1: 10,989 shares; 2025Q2: 11,079 shares; 2025Q3: 10,925 shares 10,925$2.8M1.63%-154Timeline
HSYHERSHEY COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 21,808 shares; 2025Q2: 18,608 shares; 2025Q3: 14,708 shares 14,708$2.75M1.6%-3,900Timeline
WSTWEST PHARMACEUTICAL SVSC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 10,273 shares 10,273$2.69M1.57%newTimeline
UPSUNITED PARCEL SVCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 31,884 shares 31,884$2.66M1.55%newTimeline
CAGCONAGRA BRANDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 195,334 shares; 2024Q4: 191,415 shares; 2025Q1: 151,149 shares; 2025Q2: 140,744 shares; 2025Q3: 144,696 shares 144,696$2.65M1.54%+3,952Timeline
STZCONSTELLATION BRANDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,081 shares; 2024Q4: 1,271 shares; 2025Q1: 21,968 shares; 2025Q2: 18,310 shares; 2025Q3: 18,803 shares 18,803$2.53M1.47%+493Timeline
EFAISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 24,967 shares; 2024Q4: 26,284 shares; 2025Q1: 24,386 shares; 2025Q2: 25,585 shares; 2025Q3: 25,824 shares 25,824$2.41M1.4%+239Timeline
IVVISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 412 shares; 2024Q4: 772 shares; 2025Q1: 732 shares; 2025Q2: 732 shares; 2025Q3: 1,277 shares 1,277$855K0.5%+545Timeline
RTXRTX CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,738 shares; 2024Q4: 2,604 shares; 2025Q1: 2,589 shares; 2025Q2: 2,638 shares; 2025Q3: 2,389 shares 2,389$400K0.23%-249Timeline
BLKBLACKROCK INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 331 shares; 2025Q1: 343 shares; 2025Q2: 363 shares; 2025Q3: 342 shares 342$399K0.23%-21Timeline
TMOTHERMO FISHER SCIENTIFIC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 820 shares 820$398K0.23%newTimeline
GEGE AEROSPACEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,709 shares; 2024Q4: 1,648 shares; 2025Q1: 1,706 shares; 2025Q2: 1,504 shares; 2025Q3: 1,317 shares 1,317$396K0.23%-187Timeline
GOOGALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,741 shares; 2024Q4: 1,714 shares; 2025Q1: 1,795 shares; 2025Q2: 1,935 shares; 2025Q3: 1,473 shares 1,473$359K0.21%-462Timeline
MDTMEDTRONIC PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,207 shares; 2024Q4: not reported; 2025Q1: 3,512 shares; 2025Q2: 3,802 shares; 2025Q3: 3,748 shares 3,748$357K0.21%-54Timeline
XOMEXXON MOBIL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 2,672 shares; 2025Q1: 2,926 shares; 2025Q2: 3,153 shares; 2025Q3: 3,140 shares 3,140$354K0.21%-13Timeline
MCHPMICROCHIP TECHNOLOGY INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 4,865 shares; 2025Q1: 76,353 shares; 2025Q2: 49,536 shares; 2025Q3: 5,450 shares 5,450$350K0.2%-44,086Timeline
AKAMAKAMAI TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 4,149 shares; 2025Q3: 4,233 shares 4,233$321K0.19%+84Timeline
APDAIR PRODUCTS AND CHEMICALS IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,165 shares; 2024Q4: 927 shares; 2025Q1: 1,033 shares; 2025Q2: 1,123 shares; 2025Q3: 1,145 shares 1,145$312K0.18%+22Timeline
IWRISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,482 shares; 2024Q4: 2,426 shares; 2025Q1: 2,429 shares; 2025Q2: 2,433 shares; 2025Q3: 2,433 shares 2,433$235K0.14%0Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 35,700 shares; 2024Q4: 36,104 shares; 2025Q1: 22,308 shares; 2025Q2: 17,208 shares; 2025Q3: 8 shares 8$1.95K<0.01%-17,200Timeline

Sold out in Q3 2025

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

SecurityShares beforeValue beforeType
TAT&T INC235,864$6.83Mshares
AMDADVANCED MICRO DEVICES INC24,163$3.43Mshares

How Q3 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 0001398344-25-020908 base2025-11-14acceptance time not in the bulk data set