Mark A. Hillman - Hillman Value Fund 13F Activity & Position Changes (Q2 2024)

As of Jun 30, 2024, the Hillman Value Fund portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Aug 14, 2024. 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 2024, the filing reported:

New Buys - Adobe Inc., Bristol-Myers Squibb Company

Increases - Boeing Company (The), Baxter International Inc., Biogen Inc., CVS Health Corporation, Estee Lauder Companies, Inc. (T, and 4 more

Reductions - Amazon.com, Inc., Air Products and Chemicals, Inc, Becton, Dickinson and Company, The Bank of New York Mellon Cor, BlackRock, and 33 more

Complete Exits - Taiwan Semiconductor Manufactur

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 2024	ADBE Adobe Inc.	Adobe Inc.	Buy - Position Entry	+14,000	-	$7.78M	14,000
Q2 2024	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Sell	-9,657	-16.3%	$9.59M	49,642
Q2 2024	APD Air Products and Chemicals, Inc	Air Products and Chemicals, Inc	Sell	-144	-10.7%	$309.66K	1,200
Q2 2024	BA Boeing Company (The)	Boeing Company (The)	Buy	+202	+0.5%	$7.99M	43,885
Q2 2024	BAX Baxter International Inc.	Baxter International Inc.	Buy	+1,614	+0.7%	$7.38M	220,576
Q2 2024	BDX Becton, Dickinson and Company	Becton, Dickinson and Company	Sell	-118	-0.5%	$5.87M	25,115
Q2 2024	BIIB Biogen Inc.	Biogen Inc.	Buy	+162	+0.5%	$8.33M	35,954
Q2 2024	BK The Bank of New York Mellon Cor	The Bank of New York Mellon Cor	Sell	-23,499	-17.3%	$6.72M	112,230
Q2 2024	BLK BlackRock	BlackRock	Sell	-41	-10.5%	$274.77K	349
Q2 2024	BMY Bristol-Myers Squibb Company	Bristol-Myers Squibb Company	Buy - Position Entry	+160,529	-	$6.67M	160,529
Q2 2024	BUD Anheuser-Busch Inbev SA Sponsor	Anheuser-Busch Inbev SA Sponsor	Sell	-12,622	-8.8%	$7.62M	131,051
Q2 2024	CAG ConAgra Brands, Inc.	ConAgra Brands, Inc.	Sell	-1,188	-0.6%	$5.55M	195,394
Q2 2024	CMCSA Comcast Corporation	Comcast Corporation	Sell	-473	-0.3%	$5.84M	149,043
Q2 2024	CPB The Campbell's Company	The Campbell's Company	Sell	-797	-0.6%	$6.51M	144,006
Q2 2024	CRM Salesforce, Inc.	Salesforce, Inc.	Sell	-5,696	-21.2%	$5.45M	21,193
Q2 2024	CVS CVS Health Corporation	CVS Health Corporation	Buy	+10,291	+9.0%	$7.34M	124,329
Q2 2024	DD DuPont de Nemours, Inc.	DuPont de Nemours, Inc.	Sell	-17,503	-13.4%	$9.07M	112,698
Q2 2024	DIS Walt Disney Company (The)	Walt Disney Company (The)	Sell	-390	-0.7%	$5.42M	54,618
Q2 2024	EFA iShares MSCI EAFE ETF	iShares MSCI EAFE ETF	Sell	-434	-1.8%	$1.86M	23,756
Q2 2024	EFX Equifax, Inc.	Equifax, Inc.	Sell	-125	-1.1%	$2.85M	11,769
Q2 2024	EL Estee Lauder Companies, Inc. (T	Estee Lauder Companies, Inc. (T	Buy	+22,297	+48.2%	$7.30M	68,586
Q2 2024	EMR Emerson Electric Company	Emerson Electric Company	Sell	-10,140	-14.7%	$6.48M	58,831
Q2 2024	GE GE Aerospace	GE Aerospace	Sell	-341	-16.5%	$274.54K	1,727
Q2 2024	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-320	-15.3%	$324.84K	1,771
Q2 2024	GOOGL Alphabet Inc.	Alphabet Inc.	Sell	-9,300	-20.7%	$6.50M	35,700
Q2 2024	GSK GSK plc	GSK plc	Sell	-38,360	-16.4%	$7.51M	195,126
Q2 2024	IFF International Flavors & Fragran	International Flavors & Fragran	Sell	-9,172	-8.4%	$9.58M	100,579
Q2 2024	INTC Intel Corporation	Intel Corporation	Buy	+19,345	+9.5%	$6.94M	224,036
Q2 2024	IWR iShares Russell Mid-Cap ETF	iShares Russell Mid-Cap ETF	Buy	+3	+0.1%	$200.98K	2,479
Q2 2024	JWN Nordstrom, Inc.	Nordstrom, Inc.	Sell	-104,731	-26.6%	$6.14M	289,290

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