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

According to the SEC 13F filed on Aug 14, 2024, the Hillman Value Fund portfolio showed several notable changes in holdings as of quarter-end Jun 30, 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, Inc., 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, Inc.	BlackRock, Inc.	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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