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

According to the SEC 13F filed on May 15, 2026, the Hillman Value Fund portfolio showed several notable changes in holdings as of quarter-end Mar 31, 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 - Clorox Company (The), CoStar Group, Inc., iShares International Treasury , Intuit Inc., ServiceNow, Inc., and 1 more

Increases - Adobe Inc., Baxter International Inc., Brown Forman Inc, BlackRock, Inc., SPDR Bloomberg International Tr, and 20 more

Reductions - Akamai Technologies, Inc., Air Products and Chemicals, Inc, Boeing Company (The), Becton, Dickinson and Company, Biogen Inc., and 18 more

Complete Exits - ASML, Anheuser-Busch Inbev SA Sponsor, Microchip Technology Incorporat, Nucor Corporation, SPDR S&P 500, and 1 more

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	+8,931	+122.9%	$3.94M	16,200
Q1 2026	AKAM Akamai Technologies, Inc.	Akamai Technologies, Inc.	Sell	-9,174	-28.7%	$2.62M	22,825
Q1 2026	APD Air Products and Chemicals, Inc	Air Products and Chemicals, Inc	Sell	-28	-2.0%	$388.97K	1,339
Q1 2026	ASML ASML	ASML	Sell - Position Exit	-5,510	-100.0%	$0.00	-
Q1 2026	BA Boeing Company (The)	Boeing Company (The)	Sell	-3,101	-12.2%	$4.44M	22,326
Q1 2026	BAX Baxter International Inc.	Baxter International Inc.	Buy	+35,779	+16.9%	$4.15M	247,320
Q1 2026	BDX Becton, Dickinson and Company	Becton, Dickinson and Company	Sell	-21	-0.1%	$2.23M	14,209
Q1 2026	BF-B Brown Forman Inc	Brown Forman Inc	Buy	+28,385	+19.2%	$4.66M	176,437
Q1 2026	BIIB Biogen Inc.	Biogen Inc.	Sell	-976	-3.2%	$5.42M	29,540
Q1 2026	BLK BlackRock, Inc.	BlackRock, Inc.	Buy	+14	+4.2%	$333.71K	347
Q1 2026	BMY Bristol-Myers Squibb Company	Bristol-Myers Squibb Company	Sell	-864	-1.6%	$3.22M	53,102
Q1 2026	BUD Anheuser-Busch Inbev SA Sponsor	Anheuser-Busch Inbev SA Sponsor	Sell - Position Exit	-82,631	-100.0%	$0.00	-
Q1 2026	BWX SPDR Bloomberg International Tr	SPDR Bloomberg International Tr	Buy	+4,144	+66.4%	$227.93K	10,384
Q1 2026	CAG ConAgra Brands, Inc.	ConAgra Brands, Inc.	Buy	+8,694	+6.3%	$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	+4,367	+4.8%	$2.73M	95,228
Q1 2026	CPB The Campbell's Company	The Campbell's Company	Buy	+25,494	+18.1%	$3.70M	166,178
Q1 2026	CRM Salesforce, Inc.	Salesforce, Inc.	Buy	+559	+5.4%	$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	-4,223	-5.9%	$4.85M	67,462
Q1 2026	DD DuPont de Nemours, Inc.	DuPont de Nemours, Inc.	Sell	-15,347	-11.5%	$5.40M	117,901
Q1 2026	DEO Diageo plc	Diageo plc	Buy	+1,802	+7.0%	$2.05M	27,507
Q1 2026	DIS Walt Disney Company (The)	Walt Disney Company (The)	Buy	+60	+0.2%	$2.37M	24,599
Q1 2026	EFA iShares MSCI EAFE ETF	iShares MSCI EAFE ETF	Buy	+2,292	+8.0%	$3.00M	30,854
Q1 2026	EFX Equifax, Inc.	Equifax, Inc.	Buy	+2,477	+22.4%	$2.44M	13,556
Q1 2026	EL Estee Lauder Companies, Inc. (T	Estee Lauder Companies, Inc. (T	Sell	-2,631	-4.8%	$3.74M	52,172
Q1 2026	FI Fiserv, Inc.	Fiserv, Inc.	Buy	+42,352	+110.4%	$4.50M	80,728
Q1 2026	GE GE Aerospace	GE Aerospace	Sell	-28	-2.1%	$363.79K	1,282
Q1 2026	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-21	-1.8%	$323.29K	1,127
Q1 2026	GSK GSK plc	GSK plc	Sell	-16,904	-14.8%	$5.38M	97,432

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