Mark A. Hillman – Hillman Value Fund Portfolio Activity & Recent Trades (Jun 30, 2025)

As of Jun 30, 2025, the Hillman Value Fund portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Aug 14, 2025. 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 2025, the filing reported:

New Buys – Akamai Technologies, Inc. (AKAM)

Increases – Taiwan Semiconductor Manufactur (TSM), Bristol-Myers Squibb Company (BMY), The Kraft Heinz Company (KHC), iShares MSCI EAFE ETF (EFA), Medtronic (MDT), and 7 more

Reductions – Becton, Dickinson and Company (BDX), GE Aerospace (GE), DuPont de Nemours, Inc. (DD), ASML (ASML), Adobe Inc. (ADBE), and 31 more

Complete Exits – SPDR Portfolio S&P 500 ETF (SPLG), Western Union Company (The) (WU)

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Hillman Value Fund Activity

Date	Symbol	Name	Type	Quantity	Value	Remaining
Q4 2013Dec 31, 2013	H8817H100 Transocean	Transocean	Buy	+2,770+6.8%	$2.16K	43,699
Q4 2013Dec 31, 2013	CMP Compass Minerals Intl Inc	Compass Minerals Intl Inc	Buy	+154+1.6%	$774.00	9,668
Q4 2013Dec 31, 2013	IBM International Business Machines	International Business Machines	Buy	+111+2.4%	$889.00	4,738
Q4 2013Dec 31, 2013	WMT Walmart Inc.	Walmart Inc.	Buy	+44+0.5%	$688.00	8,737
Q4 2013Dec 31, 2013	AAPL Apple Inc.	Apple Inc.	Sell	-7-0.1%	$2.88K	5,140
Q4 2013Dec 31, 2013	GS Goldman Sachs Group, Inc. (The)	Goldman Sachs Group, Inc. (The)	Sell	-40-0.2%	$2.87K	16,191
Q4 2013Dec 31, 2013	XOM Exxon Mobil Corporation	Exxon Mobil Corporation	Sell	-42-0.2%	$2.43K	24,023
Q4 2013Dec 31, 2013	JNJ Johnson & Johnson	Johnson & Johnson	Sell	-83-0.3%	$2.82K	30,746
Q4 2013Dec 31, 2013	JWN Nordstrom, Inc.	Nordstrom, Inc.	Sell	-84-0.2%	$2.11K	36,687
Q4 2013Dec 31, 2013	ORCL Oracle Corporation	Oracle Corporation	Sell	-110-0.2%	$2.63K	68,743
Q4 2013Dec 31, 2013	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-147-0.2%	$2.46K	65,866
Q4 2013Dec 31, 2013	AMGN Amgen Inc.	Amgen Inc.	Sell	-157-1.9%	$941.00	7,912
Q4 2013Dec 31, 2013	AXP American Express Company	American Express Company	Sell	-164-0.4%	$3.30K	36,344
Q4 2013Dec 31, 2013	CSCO Cisco Systems, Inc.	Cisco Systems, Inc.	Sell	-234-0.2%	$2.43K	108,158
Q4 2013Dec 31, 2013	BAC Bank of America Corporation	Bank of America Corporation	Sell	-952-0.5%	$3.16K	203,138
Q4 2013Dec 31, 2013	UPS United Parcel Service, Inc.	United Parcel Service, Inc.	Sell - Position Exit	-7,000-100.0%	$0.00	-
Q4 2013Dec 31, 2013	BA Boeing Company (The)	Boeing Company (The)	Sell	-7,922-30.6%	$2.45K	17,939
Q4 2013Dec 31, 2013	NSC Norfolk Southern Corporation	Norfolk Southern Corporation	Sell - Position Exit	-9,000-100.0%	$0.00	-
Q4 2013Dec 31, 2013	JPM JP Morgan Chase & Co.	JP Morgan Chase & Co.	Sell	-15,031-31.1%	$1.95K	33,301
Q4 2013Dec 31, 2013	INTC Intel Corporation	Intel Corporation	Sell	-29,777-29.5%	$1.85K	71,201
Q3 2013Sep 30, 2013	GLW Corning Incorporated	Corning Incorporated	Buy - Position Entry	+45,000	$788.00	45,000
Q3 2013Sep 30, 2013	T AT&T Inc.	AT&T Inc.	Buy - Position Entry	+16,000	$580.00	16,000
Q3 2013Sep 30, 2013	UPS United Parcel Service, Inc.	United Parcel Service, Inc.	Buy - Position Entry	+7,000	$688.00	7,000
Q3 2013Sep 30, 2013	BA Boeing Company (The)	Boeing Company (The)	Buy	+5,694+28.2%	$3.35K	25,861
Q3 2013Sep 30, 2013	SYY Sysco Corporation	Sysco Corporation	Buy	+5,000+26.7%	$780.00	23,760
Q3 2013Sep 30, 2013	H8817H100 Transocean	Transocean	Buy	+134+0.3%	$1.97K	40,929
Q3 2013Sep 30, 2013	IBM International Business Machines	International Business Machines	Buy	+24+0.5%	$843.00	4,627
Q3 2013Sep 30, 2013	ORCL Oracle Corporation	Oracle Corporation	Sell	-46-0.1%	$2.32K	68,853
Q3 2013Sep 30, 2013	GS Goldman Sachs Group, Inc. (The)	Goldman Sachs Group, Inc. (The)	Sell	-151-0.9%	$2.63K	16,231
Q3 2013Sep 30, 2013	XOM Exxon Mobil Corporation	Exxon Mobil Corporation	Sell	-185-0.8%	$2.14K	24,065

Page 40 of 42 • 1252 total trades

«‹

38 39 40 41 42

›»