Mark A. Hillman - Hillman Value Fund 13F Activity & Position Changes (Q3 2023)

As of Sep 30, 2023, the Hillman Value Fund portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Nov 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 Q3 2023, the filing reported:

New Buys - Baxter International Inc., U.S. Bancorp

Increases - Boeing Company (The), Biogen Inc., The Bank of New York Mellon Cor, ConAgra Brands, Inc., CVS Health Corporation, and 8 more

Reductions - Adobe Inc., Amazon.com, Inc., Air Products and Chemicals, Inc, ASML, Becton, Dickinson and Company, and 29 more

Complete Exits - Compass Minerals Intl Inc, Enterprise Products Partners L., iShares U.S. Technology ETF, Invesco S&P 500 Equal Weight ET

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
Q3 2023	ADBE Adobe Inc.	Adobe Inc.	Sell	-582	-3.7%	$7.75M	15,203
Q3 2023	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Sell	-18,485	-23.6%	$7.60M	59,757
Q3 2023	APD Air Products and Chemicals, Inc	Air Products and Chemicals, Inc	Sell	-885	-47.7%	$275.18K	971
Q3 2023	ASML ASML	ASML	Sell	-438	-3.4%	$7.35M	12,480
Q3 2023	BA Boeing Company (The)	Boeing Company (The)	Buy	+3,447	+8.8%	$8.17M	42,643
Q3 2023	BAX Baxter International Inc.	Baxter International Inc.	Buy - Position Entry	+219,248	-	$8.27M	219,248
Q3 2023	BDX Becton, Dickinson and Company	Becton, Dickinson and Company	Sell	-1,083	-4.1%	$6.48M	25,055
Q3 2023	BIIB Biogen Inc.	Biogen Inc.	Buy	+4,895	+16.6%	$8.82M	34,306
Q3 2023	BK The Bank of New York Mellon Cor	The Bank of New York Mellon Cor	Buy	+17,659	+14.9%	$5.82M	136,358
Q3 2023	BLK BlackRock	BlackRock	Sell	-345	-45.9%	$263.12K	407
Q3 2023	BUD Anheuser-Busch Inbev SA Sponsor	Anheuser-Busch Inbev SA Sponsor	Sell	-1,377	-0.9%	$8.26M	149,299
Q3 2023	CAG ConAgra Brands, Inc.	ConAgra Brands, Inc.	Buy	+38,443	+24.7%	$5.33M	194,293
Q3 2023	CMCSA Comcast Corporation	Comcast Corporation	Sell	-7,204	-52.5%	$289.32K	6,525
Q3 2023	CMP Compass Minerals Intl Inc	Compass Minerals Intl Inc	Sell - Position Exit	-242,010	-100.0%	$0.00	-
Q3 2023	CRM Salesforce, Inc.	Salesforce, Inc.	Sell	-1,120	-4.0%	$5.52M	27,215
Q3 2023	CVS CVS Health Corporation	CVS Health Corporation	Buy	+16,613	+17.4%	$7.84M	112,308
Q3 2023	DD DuPont de Nemours, Inc.	DuPont de Nemours, Inc.	Sell	-4,148	-3.6%	$8.30M	111,301
Q3 2023	DIS Walt Disney Company (The)	Walt Disney Company (The)	Buy	+10,880	+16.7%	$6.17M	76,166
Q3 2023	EFA iShares MSCI EAFE ETF	iShares MSCI EAFE ETF	Buy	+262	+1.1%	$1.64M	23,739
Q3 2023	EFX Equifax, Inc.	Equifax, Inc.	Sell	-1,252	-9.4%	$2.21M	12,038
Q3 2023	EMR Emerson Electric Company	Emerson Electric Company	Sell	-2,957	-4.1%	$6.66M	68,983
Q3 2023	EPD Enterprise Products Partners L.	Enterprise Products Partners L.	Sell - Position Exit	-339,224	-100.0%	$0.00	-
Q3 2023	GE GE Aerospace	GE Aerospace	Sell	-2,791	-51.8%	$286.99K	2,596
Q3 2023	GOOG Alphabet Inc.	Alphabet Inc.	Buy	+23	+1.1%	$291.39K	2,210
Q3 2023	GOOGL Alphabet Inc.	Alphabet Inc.	Sell	-2,268	-3.9%	$7.33M	56,000
Q3 2023	GSK GSK plc	GSK plc	Sell	-1,817	-0.8%	$8.44M	232,864
Q3 2023	IFF International Flavors & Fragran	International Flavors & Fragran	Buy	+52,277	+71.6%	$8.54M	125,277
Q3 2023	INTC Intel Corporation	Intel Corporation	Sell	-4,421	-1.8%	$8.37M	235,505
Q3 2023	IWR iShares Russell Mid-Cap ETF	iShares Russell Mid-Cap ETF	Sell	-73	-2.7%	$180.12K	2,601
Q3 2023	IYW iShares U.S. Technology ETF	iShares U.S. Technology ETF	Sell - Position Exit	-2,250	-100.0%	$0.00	-

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