Mark A. Hillman - Hillman Value Fund Investment Strategy & Portfolio Analysis

As of Mar 31, 2026, Mark A. Hillman's Hillman Value Fund portfolio reflects a quant / systematic investor approach across 56 reported 13F positions. Portfolio returns are distributed across holdings, with the top five positions representing approximately 19% of total exposure. Across 56 reported holdings, economic exposure is broadly distributed across healthcare, consumer defensive companies, and technology without dominant single-name concentration. Exposure to high-growth and technology-oriented segments is moderate relative to peers, with performance weighted across healthcare, consumer staples, and basic materials. The portfolio exhibits low turnover, consistent with a buy-and-hold posture held through multiple reporting cycles. Distinctive traits include Long-Term Holder, Broadly Diversified, Economically Diversified.