Hillman Capital Management, Inc.

BETHESDA, MD · CIK 1314620 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2000 · corporation

Assets managed$195.9m
Staff7 · 2 in investment roles
Main clients (by assets)Mutual funds and ETFs 48%, High net worth individuals 34%, Individuals 13%
Websitehillmancapital.com
Form ADV · 2026-03-11SEC adviser record

Kindmutual funds
Others nearbyBethesda, MD

$138.2m reported value -4.1% vs Q1 2026

54positions

36.3%in top 10

3 new 14 added 35 reduced 5 sold out vs Q1 2026

Also in the report of:

PERSONAL CFO SOLUTIONS, LLC – $4.5m of shares are in both reports

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	CVS HEALTH CORP COM CVS	CVS	55,475	$5.7m4.15%	4.15%	Reduced -12.0k	-11,987 -17.8%
2	BIOGEN INC COM BIIB	BIIB	23,993	$5.2m3.75%	3.75%	Reduced -5.5k	-5,547 -18.8%
3	DUPONT DE NEMOURS INC COMMON STOCK DD	DD	37,745	$5.1m3.71%	3.71%	New
4	WARNER BROS DISCOVERY INC COM SER A WBD	WBD	189,986	$5.1m3.67%	3.67%	Reduced -6.3k	-6,323 -3.2%
5	BAXTER INTL INC COM BAX	BAX	236,032	$5.0m3.64%	3.64%	Reduced -11.3k	-11,288 -4.6%
6	INTERNATIONAL FLAVORS&FRAGRA COM IFF	IFF	62,875	$5.0m3.61%	3.61%	Reduced -9.9k	-9,898 -13.6%
7	GSK PLC SPONSORED ADR GSK	GSK	92,383	$4.8m3.51%	3.51%	Reduced -5.0k	-5,049 -5.2%
8	CARMAX INC COM KMX	KMX	91,385	$4.8m3.50%	3.50%	Reduced -17.8k	-17,796 -16.3%
9	BOEING CO COM BA	BA	21,574	$4.7m3.38%	3.38%	Reduced -752	-752 -3.4%
10	ZIMMER BIOMET HOLDINGS INC COM ZBH	ZBH	53,943	$4.6m3.36%	3.36%	Reduced -1.8k	-1,757 -3.1%
11	KRAFT HEINZ CO COM KHC	KHC	196,494	$4.6m3.36%	3.36%	Reduced -4.6k	-4,646 -2.3%
12	BROWN FORMAN CORP CL B BF.B	BF.B	172,514	$4.6m3.33%	3.33%	Reduced -3.9k	-3,923 -2.2%
13	PFIZER INC COM PFE	PFE	174,610	$4.2m3.04%	3.04%	Reduced -13.3k	-13,327 -7.1%
14	LAUDER ESTEE COS INC CL A EL	EL	50,226	$4.0m2.87%	2.87%	Reduced -1.9k	-1,946 -3.7%
15	FISERV INC COM FISV	FISV	78,456	$3.8m2.79%	2.79%	Reduced -2.3k	-2,272 -2.8%
16	MICROSOFT CORP COM MSFT	MSFT	10,296	$3.8m2.78%	2.78%	Reduced -532	-532 -4.9%
17	CAMPBELL SOUP CO COM CPB	CPB	161,043	$3.6m2.60%	2.60%	Reduced -5.1k	-5,135 -3.1%
18	ADOBE INC COM ADBE	ADBE	17,288	$3.5m2.57%	2.57%	Added +1.1k	+1,088 6.7%
19	ISHARES TR MSCI EAFE ETF EFA	EFA	31,743	$3.3m2.39%	2.39%	Added +889	+889 2.9%
20	NIKE INC CL B NKE	NKE	78,213	$3.2m2.32%	2.32%	Added +307	+307 0.4%
21	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	5,608	$2.7m1.94%	1.94%	Reduced -2.4k	-2,354 -29.6%
22	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	45,235	$2.6m1.89%	1.89%	Reduced -7.9k	-7,867 -14.8%
23	WEST PHARMACEUTICAL SVSC INC COM WST	WST	7,106	$2.6m1.85%	1.85%	Reduced -1.8k	-1,800 -20.2%
24	US BANCORP DEL COM NEW USB	USB	41,252	$2.5m1.80%	1.80%	Reduced -11.3k	-11,276 -21.5%
25	VEEVA SYS INC CL A COM VEEV	VEEV	14,008	$2.5m1.80%	1.80%	New
26	COMCAST CORP NEW CL A CMCSA	CMCSA	100,843	$2.5m1.79%	1.79%	Added +5.6k	+5,615 5.9%
27	DISNEY WALT CO COM DIS	DIS	25,385	$2.4m1.77%	1.77%	Added +786	+786 3.2%
28	CONAGRA BRANDS INC COM CAG	CAG	180,728	$2.4m1.76%	1.76%	Added +33.1k	+33,089 22.4%
29	VERIZON COMMUNICATIONS INC COM VZ	VZ	57,263	$2.4m1.75%	1.75%	Reduced -7.7k	-7,735 -11.9%
30	UNITED PARCEL SERVICE INC CL B UPS	UPS	22,316	$2.4m1.74%	1.74%	Unchanged
31	BECTON DICKINSON & CO COM BDX	BDX	15,238	$2.3m1.67%	1.67%	Added +1.0k	+1,029 7.2%
32	UNITEDHEALTH GROUP INC COM UNH	UNH	5,405	$2.2m1.63%	1.63%	Reduced -2.0k	-2,000 -27.0%
33	DIAGEO PLC SPON ADR NEW DEO	DEO	27,492	$2.2m1.60%	1.60%	Reduced -15	-15 -0.1%
34	CONSTELLATION BRANDS INC CL A STZ	STZ	15,651	$2.2m1.58%	1.58%	Reduced -3.1k	-3,144 -16.7%
35	SALESFORCE INC COM CRM	CRM	13,658	$2.1m1.55%	1.55%	Added +2.7k	+2,702 24.7%
36	EQUIFAX INC COM EFX	EFX	12,541	$2.0m1.44%	1.44%	Reduced -1.0k	-1,015 -7.5%
37	AKAMAI TECHNOLOGIES INC COM AKAM	AKAM	16,387	$1.9m1.40%	1.40%	Reduced -6.4k	-6,438 -28.2%
38	HERSHEY CO COM HSY	HSY	10,608	$1.9m1.35%	1.35%	Unchanged
39	ORACLE CORP COM ORCL	ORCL	11,496	$1.7m1.22%	1.22%	Reduced -4.6k	-4,613 -28.6%
40	ISHARES TR CORE S&P500 ETF IVV	IVV	1,589	$1.2m0.86%	0.86%	Added +339	+339 27.1%
41	MEDTRONIC PLC SHS MDT	MDT	5,707	$446.5k0.32%	0.32%	Added +2.0k	+2,039 55.6%
42	PRICE T ROWE GROUP INC COM TROW	TROW	3,610	$410.4k0.30%	0.30%	Reduced -22.3k	-22,292 -86.1%
43	AIR PRODS & CHEMS INC COM APD	APD	1,306	$382.9k0.28%	0.28%	Reduced -33	-33 -2.5%
44	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	3,055	$380.2k0.28%	0.28%	New
45	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	750	$376.0k0.27%	0.27%	Added +94	+94 14.3%
46	RTX CORPORATION COM RTX	RTX	1,935	$367.1k0.27%	0.27%	Reduced -40	-40 -2.0%
47	ALPHABET INC CAP STK CL C GOOG	GOOG	1,030	$363.9k0.26%	0.26%	Reduced -97	-97 -8.6%
48	SERVICENOW INC COM NOW	NOW	3,415	$339.0k0.25%	0.25%	Added +38	+38 1.1%
49	CLOROX CO DEL COM CLX	CLX	3,531	$337.0k0.24%	0.24%	Reduced -24	-24 -0.7%
50	BLACKROCK INC COM BLK	BLK	343	$329.8k0.24%	0.24%	Reduced -4	-4 -1.1%
51	INTUIT COM INTU	INTU	1,203	$314.0k0.23%	0.23%	Added +246	+246 25.7%
52	COSTAR GROUP INC COM CSGP	CSGP	10,745	$304.3k0.22%	0.22%	Added +2.2k	+2,188 25.6%
53	ISHARES TR RUS MID CAP ETF IWR	IWR	2,007	$221.5k0.16%	0.16%	Reduced -442	-442 -18.1%
54	ALPHABET INC CAP STK CL A GOOGL	GOOGL	4	$1.4k0.00%	0.00%	Reduced -2	-2 -33.3%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
DUPONT DE NEMOURS INC DWDP	DWDP	39,300	$5.4m39.3k shares
GE AEROSPACE GE	GE	1,282	$363.8k1.3k shares
SPDR SERIES TRUST SPYM	SPYM	4,444	$340.1k4.4k shares
ISHARES TR IGOV	IGOV	5,608	$230.3k5.6k shares
SPDR SER TR BWX	BWX	10,384	$227.9k10.4k shares