13F filing recap · Q4 2019

What did Hillman Capital Management buy in Q4 2019?

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

$141.11M

Positions

Estimated turnover

164.0%

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

BMYBristol-Myers Squibb Company$5.56Mreported value+86.6K shares BIIBBiogen Inc.$5.38Mreported value+18.1K shares CVSCVS Health Corp$5.29Mreported value+71.2K shares KKellanova$5.18Mreported value+74.8K shares AMZNAmazon.com Inc$5.10Mreported value+2.8K shares KHCKraft Heinz Co$5.10Mreported value+158.6K shares WFCWells Fargo & Company/mn$5.08Mreported value+94.4K shares SRCLStericycle, Inc.$5.00Mreported value+78.3K shares SPGSimon Property Group, Inc.$4.74Mreported value+31.8K shares BUDAnheuser-Busch Inbev Sa/nv$4.71Mreported value+57.5K shares EPDEnterprise Products Partners L.p.$4.58Mreported value+162.8K shares MCDMcdonald’s Corporation$3.35Mreported value+16.9K shares VZVerizon Communications Inc$3.33Mreported value+54.2K shares NKENike, Inc.$3.17Mreported value+31.3K shares GISGeneral Mills, Inc.$3.12Mreported value+58.2K shares DDDupont De Nemours, Inc.$2.99Mreported value+46.6K shares MDTMedtronic Plc$2.99Mreported value+26.4K shares METAMeta Platforms, Inc.$2.62Mreported value+12.8K shares EMREmerson Electric Co.$2.49Mreported value+32.6K shares GEGeneral Electric Company$1.93Mreported value+172.9K shares LRCXLam Research Corporation$1.45Mreported value+5.0K shares EFAiShares Trust$1.10Mreported value+15.8K shares SPYSPDR S&P 500 ETF Trust$435.0Kreported value+1.4K shares CPBThe Campbell'S Company$345.0Kreported value+7.0K shares ADBEAdobe Inc.$235.0Kreported value+713 shares MCHPMicrochip Technology Incorporated$231.0Kreported value+2.2K shares SCHWSchwab Charles Corp$221.0Kreported value+4.6K shares GOOGAlphabet Inc.$215.0Kreported value+161 shares CMCSAComcast Corporation$215.0Kreported value+4.8K shares HONHoneywell International Inc$208.0Kreported value+1.2K shares BNYThe Bank of New York Mellon Corporation$205.0Kreported value+4.1K shares FDXFedex Corporation$178.0Kreported value+1.2K shares IVViShares Trust$151.0Kreported value+466 shares IWRiShares Trust$151.0Kreported value+2.5K shares

Increased positions

JWNNordstrom Inc$5.84Mreported value+106.0K shares+289.0%TAT&T Inc.$5.31Mreported value+119.8K shares+748.5%CMPCompass Minerals International, Inc.$4.98Mreported value+72.1K shares+745.4%GSThe Goldman Sachs Group, Inc.$4.80Mreported value+4.7K shares

Reduced positions

MSFTMicrosoft Corporation$5.65Mreported value-30.1K shares-45.6%BACBank of America Corp$4.59Mreported value-72.9K shares-35.9%INTCIntel Corp$3.24Mreported value-17.0K shares-23.9%CATCaterpillar Inc$212.0Kreported value-29.0K shares

Exited positions

RTNRaytheon Company$3.35Mprior reported value-37.0K shares-100.0%AXPAmerican Express Co$3.30Mprior reported value-36.3K shares-100.0%AAPLApple Inc.$2.88Mprior reported value-5.1K shares-100.0%JNJJohnson & Johnson$2.82Mprior reported value-30.7K shares