13F filing recap · Q1 2013

What did Hillman Capital Management buy in Q1 2013?

Reported stock-position changes between this filing and the previous one. US-listed stocks across every Hillman account, including accounts that belong to no fund below.

Stock value

$33.97M

Positions

Estimated turnover

38.2%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

New positions

JWNNordstrom Inc$1.58Mreported value+26.7K shares EMCEmc Corp$1.54Mreported value+66.1K shares

Increased positions

HPQHP Inc.$1.94Mreported value+3.2K shares+3.7%BBYBest Buy Co., Inc.$1.89Mreported value+3.1K shares+4.4%AAPLApple Inc.$1.21Mreported value+86 shares+3.3%

Reduced positions

BACBank of America Corp$2.04Mreported value-14.2K shares-8.3%JNJJohnson & Johnson$2.00Mreported value-1.9K shares-7.4%BAThe Boeing Company$1.96Mreported value-1.5K shares-6.8%AXPAmerican Express Co$1.94Mreported value-64 shares

Exited positions

IRIngersoll Rand Inc.$1.80Mprior reported value-34.2K shares-100.0%TXNTexas Instruments Incorporated$1.51Mprior reported value-45.1K shares-100.0%AETAetna Inc.$299.0Kprior reported value-6.0K shares-100.0%ADPAutomatic Data Processing Inc$296.0Kprior reported value-4.9K shares