Mark A. Hillman - Hillman Value Fund 13F Activity & Position Changes (Q1 2026)

As of Mar 31, 2026, the Hillman Value Fund portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 15, 2026. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q1 2026, the filing reported:

New Buys - SPDR Bloomberg International Tr, Clorox Company (The), CoStar Group, Inc., iShares International Treasury , Intuit Inc., and 3 more

Increases - Adobe Inc., Akamai Technologies, Inc., Air Products and Chemicals, Inc, Baxter International Inc., BlackRock, and 10 more

Reductions - Boeing Company (The), Becton, Dickinson and Company, Brown Forman Inc, Biogen Inc., Bristol-Myers Squibb Company, and 28 more

Complete Exits - ASML, Anheuser-Busch Inbev SA Sponsor, Microchip Technology Incorporat, Nucor Corporation, Exxon Mobil Corporation

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q1 2026	ADBE Adobe Inc.	Adobe Inc.	Buy	+7,757	+91.9%	$3.94M	16,200
Q1 2026	AKAM Akamai Technologies, Inc.	Akamai Technologies, Inc.	Buy	+18,592	+439.2%	$2.62M	22,825
Q1 2026	APD Air Products and Chemicals, Inc	Air Products and Chemicals, Inc	Buy	+194	+16.9%	$388.97K	1,339
Q1 2026	ASML ASML	ASML	Sell - Position Exit	-6,768	-100.0%	$0.00	-
Q1 2026	BA Boeing Company (The)	Boeing Company (The)	Sell	-6,166	-21.6%	$4.44M	22,326
Q1 2026	BAX Baxter International Inc.	Baxter International Inc.	Buy	+10,717	+4.5%	$4.15M	247,320
Q1 2026	BDX Becton, Dickinson and Company	Becton, Dickinson and Company	Sell	-2,605	-15.5%	$2.23M	14,209
Q1 2026	BF-B Brown Forman Inc	Brown Forman Inc	Sell	-11,817	-6.3%	$4.66M	176,437
Q1 2026	BIIB Biogen Inc.	Biogen Inc.	Sell	-8,814	-23.0%	$5.42M	29,540
Q1 2026	BLK BlackRock	BlackRock	Buy	+5	+1.5%	$333.71K	347
Q1 2026	BMY Bristol-Myers Squibb Company	Bristol-Myers Squibb Company	Sell	-16,338	-23.5%	$3.22M	53,102
Q1 2026	BUD Anheuser-Busch Inbev SA Sponsor	Anheuser-Busch Inbev SA Sponsor	Sell - Position Exit	-90,738	-100.0%	$0.00	-
Q1 2026	BWX SPDR Bloomberg International Tr	SPDR Bloomberg International Tr	Buy - Position Entry	+10,384	-	$227.93K	10,384
Q1 2026	CAG ConAgra Brands, Inc.	ConAgra Brands, Inc.	Buy	+2,943	+2.0%	$2.32M	147,639
Q1 2026	CLX Clorox Company (The)	Clorox Company (The)	Buy - Position Entry	+3,555	-	$368.40K	3,555
Q1 2026	CMCSA Comcast Corporation	Comcast Corporation	Buy	+2,234	+2.4%	$2.73M	95,228
Q1 2026	CPB The Campbell's Company	The Campbell's Company	Sell	-6,856	-4.0%	$3.70M	166,178
Q1 2026	CRM Salesforce, Inc.	Salesforce, Inc.	Sell	-1,415	-11.4%	$2.05M	10,956
Q1 2026	CSGP CoStar Group, Inc.	CoStar Group, Inc.	Buy - Position Entry	+8,557	-	$345.19K	8,557
Q1 2026	CVS CVS Health Corporation	CVS Health Corporation	Sell	-14,897	-18.1%	$4.85M	67,462
Q1 2026	DD DuPont de Nemours, Inc.	DuPont de Nemours, Inc.	Buy	+46,727	+65.7%	$5.40M	117,901
Q1 2026	DEO Diageo plc	Diageo plc	Sell	-2,335	-7.8%	$2.05M	27,507
Q1 2026	DIS Walt Disney Company (The)	Walt Disney Company (The)	Sell	-2,853	-10.4%	$2.37M	24,599
Q1 2026	EFA iShares MSCI EAFE ETF	iShares MSCI EAFE ETF	Buy	+5,030	+19.5%	$3.00M	30,854
Q1 2026	EFX Equifax, Inc.	Equifax, Inc.	Buy	+2,631	+24.1%	$2.44M	13,556
Q1 2026	EL Estee Lauder Companies, Inc. (T	Estee Lauder Companies, Inc. (T	Sell	-18,516	-26.2%	$3.74M	52,172
Q1 2026	FI Fiserv, Inc.	Fiserv, Inc.	Buy	+57,828	+252.5%	$4.50M	80,728
Q1 2026	GE GE Aerospace	GE Aerospace	Sell	-35	-2.7%	$363.79K	1,282
Q1 2026	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-346	-23.5%	$323.29K	1,127
Q1 2026	GOOGL Alphabet Inc.	Alphabet Inc.	Sell	-2	-25.0%	$1.73K	6

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