Mark A. Hillman - Hillman Value Fund Portfolio
| Period Date | Mar 31, 2025 | |
| Filing Date | May 15, 2025 | |
| Total Stocks | 51 | |
| Portfolio Value | $203.25M |
Hillman Value Fund Strategy Analysis
Investment Strategy Metrics
Key metrics revealing investment style, risk management, and performance characteristics
| Metric | Value | Category | Description |
|---|---|---|---|
| Holding Period | 1.9 years | Style | Average duration positions are maintained |
| Position Count | 55 | Style | Number of active positions in portfolio |
| Position Size | 2.5% | Risk | Typical allocation per position |
| Win Rate | 53.9% | Performance | Percentage of profitable positions |
| Average Return | 0.6% | Performance | Mean return across positions |
| Sharpe Ratio | 0.03 | Performance | Return per unit of risk taken |
Investment Case Study: AT&T INC (T)
9/30/2013 - 8/6/2025
Performance Metrics
Total Return: 103,929.82%
Holding Period: 4328 days
Max Position Size: $10,250,511.00
Position Weight: 3.13%
Key Events
9/30/2013: ENTRY(16,000.00 shares) @ $0.04
12/31/2019: INCREASE(119,761.00 shares) @ $0.04
3/31/2020: INCREASE(4,246.00 shares) @ $0.03
6/30/2020: INCREASE(25,766.00 shares) @ $0.03
9/30/2020: INCREASE(825.00 shares) @ $0.03
12/31/2020: INCREASE(22,609.00 shares) @ $0.03
3/31/2021: INCREASE(59,326.00 shares) @ $0.03
6/30/2021: INCREASE(62,501.00 shares) @ $0.03
9/30/2021: INCREASE(12,530.00 shares) @ $0.03
12/31/2021: DECREASE(-5,811.00 shares) @ $0.02
3/31/2022: INCREASE(31,524.00 shares) @ $0.02
6/30/2022: INCREASE(150,369.00 shares) @ $0.02
9/30/2022: INCREASE(7,036.00 shares) @ $0.02
12/31/2022: DECREASE(-71,271.00 shares) @ $18.41
3/31/2023: DECREASE(-1,925.00 shares) @ $19.25
6/30/2023: DECREASE(-8,639.00 shares) @ $15.95
9/30/2023: INCREASE(85,764.00 shares) @ $15.02
12/31/2023: DECREASE(-26,948.00 shares) @ $16.78
3/31/2024: INCREASE(27,731.00 shares) @ $17.60
6/30/2024: DECREASE(-53,878.00 shares) @ $19.11
9/30/2024: INCREASE(3,197.00 shares) @ $22.00
12/31/2024: DECREASE(-10,537.00 shares) @ $22.77
3/31/2025: DECREASE(-186,403.00 shares) @ $28.28
Investment Thesis
Entry Context: Initial position established based on fundamental analysis
Sector Conditions: Favorable market conditions in the sector
Risk Factors:
- Market volatility
- Sector-specific risks
Key Learnings
- Position sizing is critical for portfolio management
- Important to monitor sector exposure