Mark A. Hillman - Hillman Value Fund 13F Activity & Position Changes (Q4 2021)

As of Dec 31, 2021, the Hillman Value Fund portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Feb 14, 2022. 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 Q4 2021, the filing reported:

New Buys - Air Products and Chemicals, Inc, iShares MSCI Emerging Index Fun, iShares Russell 1000 Value ETF, iShares Russell 1000 Growth ETF, iShares Russell 2000 Value ETF, and 2 more

Increases - ConAgra Brands, Inc., iShares MSCI EAFE ETF, SPDR S&P 500, Western Union Company (The), Zimmer Biomet Holdings, Inc.

Reductions - Amazon.com, Inc., Boeing Company (The), Becton, Dickinson and Company, Biogen Inc., The Bank of New York Mellon Cor, and 34 more

Complete Exits - iShares Core U.S. Aggregate Bon, iShares Core S&P Small-Cap ETF, Marriott International, Pfizer, Inc.

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
Q4 2021	AGG iShares Core U.S. Aggregate Bon	iShares Core U.S. Aggregate Bon	Sell - Position Exit	-281	-100.0%	$0.00	-
Q4 2021	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Sell	-102	-3.3%	$9.95K	2,983
Q4 2021	APD Air Products and Chemicals, Inc	Air Products and Chemicals, Inc	Buy - Position Entry	+1,943	-	$591.00	1,943
Q4 2021	BA Boeing Company (The)	Boeing Company (The)	Sell	-2,002	-4.3%	$8.91K	44,235
Q4 2021	BDX Becton, Dickinson and Company	Becton, Dickinson and Company	Sell	-181	-0.7%	$6.68K	26,559
Q4 2021	BIIB Biogen Inc.	Biogen Inc.	Sell	-1,098	-3.9%	$6.52K	27,191
Q4 2021	BK The Bank of New York Mellon Cor	The Bank of New York Mellon Cor	Sell	-928	-0.6%	$8.32K	143,271
Q4 2021	BMY Bristol-Myers Squibb Company	Bristol-Myers Squibb Company	Sell	-4,351	-3.1%	$8.35K	133,937
Q4 2021	BUD Anheuser-Busch Inbev SA Sponsor	Anheuser-Busch Inbev SA Sponsor	Sell	-9,100	-5.9%	$8.79K	145,234
Q4 2021	CAG ConAgra Brands, Inc.	ConAgra Brands, Inc.	Buy	+107,148	+648.0%	$4.22K	123,683
Q4 2021	CMCSA Comcast Corporation	Comcast Corporation	Sell	-552	-5.7%	$456.00	9,059
Q4 2021	CMP Compass Minerals Intl Inc	Compass Minerals Intl Inc	Sell	-7,441	-5.1%	$7.14K	139,757
Q4 2021	CRM Salesforce, Inc.	Salesforce, Inc.	Sell	-367	-15.8%	$495.00	1,949
Q4 2021	CVS CVS Health Corporation	CVS Health Corporation	Sell	-3,743	-3.3%	$11.26K	109,098
Q4 2021	DD DuPont de Nemours, Inc.	DuPont de Nemours, Inc.	Sell	-4,499	-3.4%	$10.21K	126,420
Q4 2021	EEM iShares MSCI Emerging Index Fun	iShares MSCI Emerging Index Fun	Buy - Position Entry	+250	-	$12.00	250
Q4 2021	EFA iShares MSCI EAFE ETF	iShares MSCI EAFE ETF	Buy	+1,516	+9.1%	$1.44K	18,258
Q4 2021	EMR Emerson Electric Company	Emerson Electric Company	Sell	-467	-0.6%	$6.64K	71,383
Q4 2021	EPD Enterprise Products Partners L.	Enterprise Products Partners L.	Sell	-15,819	-3.6%	$9.17K	417,790
Q4 2021	GD General Dynamics Corporation	General Dynamics Corporation	Sell	-245	-0.7%	$7.03K	33,723
Q4 2021	GE GE Aerospace	GE Aerospace	Sell	-735	-13.0%	$466.00	4,936
Q4 2021	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-11	-10.4%	$275.00	95
Q4 2021	GOOGL Alphabet Inc.	Alphabet Inc.	Sell	-10	-0.3%	$8.69K	3,000
Q4 2021	IJR iShares Core S&P Small-Cap ETF	iShares Core S&P Small-Cap ETF	Sell - Position Exit	-424	-100.0%	$0.00	-
Q4 2021	INTC Intel Corporation	Intel Corporation	Sell	-4,653	-2.7%	$8.55K	165,978
Q4 2021	IWD iShares Russell 1000 Value ETF	iShares Russell 1000 Value ETF	Buy - Position Entry	+154	-	$26.00	154
Q4 2021	IWF iShares Russell 1000 Growth ETF	iShares Russell 1000 Growth ETF	Buy - Position Entry	+53	-	$16.00	53
Q4 2021	IWN iShares Russell 2000 Value ETF	iShares Russell 2000 Value ETF	Buy - Position Entry	+17	-	$3.00	17
Q4 2021	IWP iShares Russell Midcap Growth E	iShares Russell Midcap Growth E	Buy - Position Entry	+33	-	$4.00	33
Q4 2021	IWR iShares Russell Mid-Cap ETF	iShares Russell Mid-Cap ETF	Sell	-2	-0.1%	$213.00	2,567

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