13F filing recap · Q1 2020

What did Hillman Capital Management buy in Q1 2020?

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

$104.41M

Positions

Estimated turnover

24.0%

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

BDXBecton Dickinson & Co$3.02Mreported value+13.2K shares RTNRaytheon Company$2.87Mreported value+21.9K shares PAAPlains All American Pipeline LP$1.08Mreported value+204.7K shares

Increased positions

KKellanova$4.54Mreported value+837 shares+1.1%SRCLStericycle, Inc.$4.22Mreported value+8.6K shares+10.9%TAT&T Inc.$4.08Mreported value+4.2K shares+3.1%KHCKraft Heinz Co$4.04Mreported value+4.7K shares

Reduced positions

AMZNAmazon.com Inc$5.27Mreported value-56 shares-2.0%BIIBBiogen Inc.$5.18Mreported value-1.7K shares-9.6%MSFTMicrosoft Corporation$4.94Mreported value-4.5K shares-12.4%BMYBristol-Myers Squibb Company$4.73Mreported value-1.7K shares

Exited positions

IBMInternational Business Machines Corp$3.12Mprior reported value-23.3K shares-100.0%GISGeneral Mills, Inc.$3.12Mprior reported value-58.2K shares-100.0%LRCXLam Research Corporation$1.45Mprior reported value-5.0K shares-100.0%SPYSPDR S&P 500 ETF Trust$435.0Kprior reported value