Mark A. Hillman - Hillman Value Fund 13F Activity & Position Changes (Q2 2023)

According to the SEC 13F filed on Aug 14, 2023, the Hillman Value Fund portfolio showed several notable changes in holdings as of quarter-end Jun 30, 2023. 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 2023, the filing reported:

New Buys - International Flavors & Fragran, iShares U.S. Technology ETF, Invesco S&P 500 Equal Weight ET

Increases - Air Products and Chemicals, Inc, The Bank of New York Mellon Cor, ConAgra Brands, Inc., Compass Minerals Intl Inc, Nordstrom, Inc., and 7 more

Reductions - Adobe Inc., Amazon.com, Inc., ASML, Boeing Company (The), Becton, Dickinson and Company, and 31 more

Complete Exits - None reported

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 2023	ADBE Adobe Inc.	Adobe Inc.	Sell	-427	-2.6%	$7.72M	15,785
Q2 2023	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Sell	-1,587	-2.0%	$10.20M	78,242
Q2 2023	APD Air Products and Chemicals, Inc	Air Products and Chemicals, Inc	Buy	+147	+8.6%	$555.93K	1,856
Q2 2023	ASML ASML	ASML	Sell	-57	-0.4%	$9.36M	12,918
Q2 2023	BA Boeing Company (The)	Boeing Company (The)	Sell	-96	-0.2%	$8.28M	39,196
Q2 2023	BDX Becton, Dickinson and Company	Becton, Dickinson and Company	Sell	-88	-0.3%	$6.90M	26,138
Q2 2023	BIIB Biogen Inc.	Biogen Inc.	Sell	-125	-0.4%	$8.38M	29,411
Q2 2023	BK The Bank of New York Mellon Cor	The Bank of New York Mellon Cor	Buy	+190	+0.2%	$5.28M	118,699
Q2 2023	BLK BlackRock, Inc.	BlackRock, Inc.	Sell	-28	-3.6%	$519.74K	752
Q2 2023	BUD Anheuser-Busch Inbev SA Sponsor	Anheuser-Busch Inbev SA Sponsor	Sell	-2,816	-1.8%	$8.55M	150,676
Q2 2023	CAG ConAgra Brands, Inc.	ConAgra Brands, Inc.	Buy	+11	+0.0%	$5.26M	155,850
Q2 2023	CMCSA Comcast Corporation	Comcast Corporation	Sell	-519	-3.6%	$570.44K	13,729
Q2 2023	CMP Compass Minerals Intl Inc	Compass Minerals Intl Inc	Buy	+31,401	+14.9%	$8.23M	242,010
Q2 2023	CRM Salesforce, Inc.	Salesforce, Inc.	Sell	-13,111	-31.6%	$5.99M	28,335
Q2 2023	CVS CVS Health Corporation	CVS Health Corporation	Sell	-652	-0.7%	$6.62M	95,695
Q2 2023	DD DuPont de Nemours, Inc.	DuPont de Nemours, Inc.	Sell	-366	-0.3%	$8.25M	115,449
Q2 2023	DIS Walt Disney Company (The)	Walt Disney Company (The)	Sell	-204	-0.3%	$5.83M	65,286
Q2 2023	EFA iShares MSCI EAFE ETF	iShares MSCI EAFE ETF	Sell	-359	-1.5%	$1.70M	23,477
Q2 2023	EFX Equifax, Inc.	Equifax, Inc.	Sell	-123	-0.9%	$3.13M	13,290
Q2 2023	EMR Emerson Electric Company	Emerson Electric Company	Sell	-215	-0.3%	$6.50M	71,940
Q2 2023	EPD Enterprise Products Partners L.	Enterprise Products Partners L.	Sell	-1,430	-0.4%	$8.94M	339,224
Q2 2023	GE GE Aerospace	GE Aerospace	Sell	-1,357	-20.1%	$591.76K	5,387
Q2 2023	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-573	-20.8%	$264.56K	2,187
Q2 2023	GOOGL Alphabet Inc.	Alphabet Inc.	Sell	-226	-0.4%	$6.97M	58,268
Q2 2023	GSK GSK plc	GSK plc	Sell	-2,735	-1.2%	$8.36M	234,681
Q2 2023	IFF International Flavors & Fragran	International Flavors & Fragran	Buy - Position Entry	+73,000	-	$5.81M	73,000
Q2 2023	INTC Intel Corporation	Intel Corporation	Sell	-3,854	-1.6%	$8.02M	239,926
Q2 2023	IWR iShares Russell Mid-Cap ETF	iShares Russell Mid-Cap ETF	Sell	-39	-1.4%	$195.30K	2,674
Q2 2023	IYW iShares U.S. Technology ETF	iShares U.S. Technology ETF	Buy - Position Entry	+2,250	-	$244.96K	2,250
Q2 2023	JWN Nordstrom, Inc.	Nordstrom, Inc.	Buy	+43,134	+16.0%	$6.40M	312,858

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