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

As of Jun 30, 2023, the Hillman Value Fund portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Aug 14, 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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