Mark A. Hillman – Hillman Value Fund Portfolio Balances & Equity Value (Jun 30, 2025)

As of Jun 30, 2025, the Hillman Value Fund portfolio balances reported a total equity value of $183.26M across 50 publicly traded holdings. These balances reflect the most recent SEC 13F filing dated Aug 14, 2025, providing an updated snapshot of assets under management.

The portfolio balances highlight AT&T INC (T) as the single largest position, accounting for 3.7% of total equity value, followed by WARNER BROS DISCOVERY INC (WBD), BOEING CO (BA), LAUDER ESTEE COS INC (EL), and others. Collectively, the top five holdings represent 18.2% of the portfolio, showing how capital is distributed among core positions and long-term investments.