Mark A. Hillman - Hillman Value Fund 13F Activity & Position Changes (Q2 2020)

According to the SEC 13F filed on Aug 14, 2026, the Hillman Value Fund portfolio showed several notable changes in holdings as of quarter-end Jun 30, 2020. 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 Q2 2020, the filing reported:

New Buys - Boeing Company (The), JP Morgan Chase & Co., RTX Corporation, SPDR S&P 500

Increases - Bank of America Corporation, Becton, Dickinson and Company, Anheuser-Busch Inbev SA Sponsor, Compass Minerals Intl Inc, CVS Health Corporation, and 16 more

Reductions - Amazon.com, Inc., Biogen Inc., Bristol-Myers Squibb Company, iShares MSCI EAFE ETF, Intel Corporation, and 6 more

Complete Exits - Amgen Inc.

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
Q2 2020	AMGN Amgen Inc.	Amgen Inc.	Sell - Position Exit	-8,888	-100.0%	$0.00	-
Q2 2020	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Sell	-37	-1.4%	$7.36K	2,667
Q2 2020	BA Boeing Company (The)	Boeing Company (The)	Buy - Position Entry	+23,115	-	$4.24K	23,115
Q2 2020	BAC Bank of America Corporation	Bank of America Corporation	Buy	+43,438	+33.2%	$4.14K	174,223
Q2 2020	BDX Becton, Dickinson and Company	Becton, Dickinson and Company	Buy	+30	+0.2%	$3.16K	13,196
Q2 2020	BIIB Biogen Inc.	Biogen Inc.	Sell	-134	-0.8%	$4.35K	16,246
Q2 2020	BMY Bristol-Myers Squibb Company	Bristol-Myers Squibb Company	Sell	-904	-1.1%	$4.94K	84,026
Q2 2020	BUD Anheuser-Busch Inbev SA Sponsor	Anheuser-Busch Inbev SA Sponsor	Buy	+182	+0.2%	$4.41K	89,383
Q2 2020	CMP Compass Minerals Intl Inc	Compass Minerals Intl Inc	Buy	+12,566	+15.1%	$4.67K	95,684
Q2 2020	CVS CVS Health Corporation	CVS Health Corporation	Buy	+18	+0.0%	$4.61K	70,938
Q2 2020	DD DuPont de Nemours, Inc.	DuPont de Nemours, Inc.	Buy	+12,639	+14.7%	$5.24K	98,703
Q2 2020	EFA iShares MSCI EAFE ETF	iShares MSCI EAFE ETF	Sell	-254	-1.5%	$1.01K	16,545
Q2 2020	EMR Emerson Electric Company	Emerson Electric Company	Buy	+37	+0.1%	$2.03K	32,720
Q2 2020	EPD Enterprise Products Partners L.	Enterprise Products Partners L.	Buy	+54,131	+24.8%	$4.95K	272,140
Q2 2020	GS Goldman Sachs Group, Inc. (The)	Goldman Sachs Group, Inc. (The)	Buy	+23	+0.1%	$4.14K	20,938
Q2 2020	INTC Intel Corporation	Intel Corporation	Sell	-87	-0.2%	$3.20K	53,424
Q2 2020	IWR iShares Russell Mid-Cap ETF	iShares Russell Mid-Cap ETF	Buy	+13	+0.5%	$137.00	2,547
Q2 2020	JPM JP Morgan Chase & Co.	JP Morgan Chase & Co.	Buy - Position Entry	+31,500	-	$2.96K	31,500
Q2 2020	JWN Nordstrom, Inc.	Nordstrom, Inc.	Buy	+10,188	+6.9%	$2.45K	157,974
Q2 2020	K Kellanova	Kellanova	Buy	+517	+0.7%	$5.03K	76,192
Q2 2020	KHC The Kraft Heinz Company	The Kraft Heinz Company	Sell	-1,118	-0.7%	$5.17K	162,224
Q2 2020	MCD McDonald's Corporation	McDonald's Corporation	Sell	-6	-0.0%	$3.10K	16,830
Q2 2020	MDT Medtronic	Medtronic	Buy	+97	+3.2%	$290.00	3,161
Q2 2020	META Meta Platforms, Inc.	Meta Platforms, Inc.	Sell	-136	-1.1%	$2.83K	12,455
Q2 2020	MRK Merck & Company, Inc.	Merck & Company, Inc.	Sell	-4	-0.0%	$2.98K	38,518
Q2 2020	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-187	-0.6%	$6.34K	31,162
Q2 2020	NKE Nike, Inc.	Nike, Inc.	Sell	-56	-0.2%	$3.03K	30,882
Q2 2020	PAA Plains All American Pipeline, L	Plains All American Pipeline, L	Buy	+198,827	+97.1%	$3.57K	403,576
Q2 2020	PFE Pfizer, Inc.	Pfizer, Inc.	Buy	+7	+0.0%	$2.94K	89,746
Q2 2020	RTX RTX Corporation	RTX Corporation	Buy - Position Entry	+51,131	-	$3.15K	51,131

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