Hillman Capital Management, Inc. 13F: Quarter-over-Quarter Portfolio Changes
Hillman Capital Management, Inc. reported a disclosed portfolio value of approximately $138.2 million in its latest SEC Form 13F-HR filing for Q2 2026, down 4.1% quarter on quarter. Over the quarter, the manager initiated 2 new positions, bought more shares in 14 holdings, trimmed 36 holdings, and exited 4 positions.
Hillman Capital Management, Inc.'s top buy was a new stake in Veeva Sys INC (VEEV) , equal to 1.8% of the disclosed portfolio. Its top sell was Price T Rowe Group INC (TROW) . The manager sold 86.1% of its previously reported shares, reducing the position's portfolio weight by 1.3 percentage points.
New PositionsQ2 2026
Securities disclosed for the first time in Q2 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| VEEVA SYS INC | VEEV | 1.8% | Holders → |
| ACCENTURE PLC IRELAND | ACN | 0.3% | Holders → |
Top BuysQ2 2026
Showing the top 10 buys among 14 existing positions where the manager bought more shares in Q2 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| MEDTRONIC PLC | MDT | +0.1% | +55.6% | Holders → |
| ISHARES TR | IVV | +0.3% | +27.1% | Holders → |
| INTUIT | INTU | +-0.1% | +25.7% | Holders → |
| COSTAR GROUP INC COM | CSGP | +-0.0% | +25.6% | Holders → |
| SALESFORCE INC | CRM | +0.1% | +24.7% | Holders → |
| CONAGRA BRANDS INC | CAG | +0.1% | +22.4% | Holders → |
| THERMO FISHER SCIENTIFIC INC | TMO | +0.0% | +14.3% | Holders → |
| BECTON DICKINSON & CO | BDX | +0.1% | +7.2% | Holders → |
| ADOBE INC | ADBE | +-0.2% | +6.7% | Holders → |
| COMCAST CORP NEW | CMCSA | +-0.1% | +5.9% | Holders → |
Top SellsQ2 2026
Showing the top 10 sells among 36 existing positions where the manager sold shares in Q2 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| PRICE T ROWE GROUP INC | TROW | -1.3% | 86.1% | Holders → |
| DUPONT DE NEMOURS INC | DD | -0.0% | 68.0% | History → |
| ALPHABET INC-CL A | GOOGL | -0.0% | 33.3% | Holders → |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | 0.1% | 29.6% | Holders → |
| ORACLE CORP | ORCL | -0.4% | 28.6% | Holders → |
| AKAMAI TECHNOLOGIES INC | AKAM | -0.4% | 28.2% | Holders → |
| UNITEDHEALTH GROUP INC | UNH | 0.2% | 27.0% | Holders → |
| US BANCORP | USB | -0.1% | 21.5% | Holders → |
| WEST PHARMACEUTICAL SVSC INC | WST | 0.3% | 20.2% | Holders → |
| BIOGEN INC | BIIB | -0.0% | 18.8% | History → |
Full ExitsQ2 2026
Positions present in the prior 13F-HR filing that no longer appear in Q2 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| GE AEROSPACE | GE | 0.3% |
| SPDR SERIES TRUST | SPYM | 0.2% |
| ISHARES TR | IGOV | 0.2% |
| SPDR SERIES TRUST | BWX | 0.2% |
Net Portfolio Value ChangeQ2 2026
- $0.1BPrior quarter
- $0.1BCurrent quarter
- $-0.0BNet delta
- -4.1%% change
Methodology & FAQ
How Hillman Capital Management, Inc. Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for Hillman Capital Management, Inc.: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description, including how confidential treatment filings are handled, is documented in the Methodology.
What stocks did Hillman Capital Management, Inc. buy in Q2 2026?
In Q2 2026, Hillman Capital Management, Inc. initiated 2 new positions (VEEVA SYS INC (VEEV), ACCENTURE PLC IRELAND (ACN)); bought more shares of MEDTRONIC PLC (MDT), ISHARES TR (IVV), INTUIT (INTU), COSTAR GROUP INC COM (CSGP), SALESFORCE INC (CRM) (the largest 5 of 14 adds).
What stocks did Hillman Capital Management, Inc. sell in Q2 2026?
In Q2 2026, Hillman Capital Management, Inc. fully sold 4 positions (GE AEROSPACE (GE), SPDR SERIES TRUST (SPYM), ISHARES TR (IGOV), SPDR SERIES TRUST (BWX)); reduced holdings in PRICE T ROWE GROUP INC (TROW), DUPONT DE NEMOURS INC (DD), ALPHABET INC-CL A (GOOGL), TAIWAN SEMICONDUCTOR MANUFAC (TSM), ORACLE CORP (ORCL) (the largest 5 of 36 reductions).
Which positions did Hillman Capital Management, Inc. initiate in Q2 2026?
Hillman Capital Management, Inc. established 2 new positions in Q2 2026: VEEVA SYS INC (VEEV, 1.8%), ACCENTURE PLC IRELAND (ACN, 0.3%).
Which existing positions saw the largest allocation increases for Hillman Capital Management, Inc. in Q2 2026?
Of 14 existing positions with share-count increases in Q2 2026, the largest were: MEDTRONIC PLC (MDT, +0.1% weight, +55.6% shares), ISHARES TR (IVV, +0.3% weight, +27.1% shares), INTUIT (INTU, +-0.1% weight, +25.7% shares), COSTAR GROUP INC COM (CSGP, +-0.0% weight, +25.6% shares), SALESFORCE INC (CRM, +0.1% weight, +24.7% shares), CONAGRA BRANDS INC (CAG, +0.1% weight, +22.4% shares), THERMO FISHER SCIENTIFIC INC (TMO, +0.0% weight, +14.3% shares), BECTON DICKINSON & CO (BDX, +0.1% weight, +7.2% shares), ADOBE INC (ADBE, +-0.2% weight, +6.7% shares), COMCAST CORP NEW (CMCSA, +-0.1% weight, +5.9% shares).
Which positions did Hillman Capital Management, Inc. fully exit in Q2 2026?
Hillman Capital Management, Inc. fully exited 4 positions in Q2 2026: GE AEROSPACE (GE, last-reported weight 0.3%), SPDR SERIES TRUST (SPYM, last-reported weight 0.2%), ISHARES TR (IGOV, last-reported weight 0.2%), SPDR SERIES TRUST (BWX, last-reported weight 0.2%).
Which existing positions saw the largest allocation reductions for Hillman Capital Management, Inc. in Q2 2026?
Of 36 existing positions with share-count reductions in Q2 2026, the largest were: PRICE T ROWE GROUP INC (TROW, -1.3% weight, -86.1% shares), DUPONT DE NEMOURS INC (DD, -0.0% weight, -68.0% shares), ALPHABET INC-CL A (GOOGL, -0.0% weight, -33.3% shares), TAIWAN SEMICONDUCTOR MANUFAC (TSM, 0.1% weight, -29.6% shares), ORACLE CORP (ORCL, -0.4% weight, -28.6% shares), AKAMAI TECHNOLOGIES INC (AKAM, -0.4% weight, -28.2% shares), UNITEDHEALTH GROUP INC (UNH, 0.2% weight, -27.0% shares), US BANCORP (USB, -0.1% weight, -21.5% shares), WEST PHARMACEUTICAL SVSC INC (WST, 0.3% weight, -20.2% shares), BIOGEN INC (BIIB, -0.0% weight, -18.8% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.