13F filing recap · Q4 2021

What did Hillman Capital Management buy in Q4 2021?

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

$290.86M

Positions

Estimated turnover

12.0%

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

APDAir Products and Chemicals, Inc.$591.0Kreported value+1.9K shares IWDiShares Trust$26.0Kreported value+154 shares IWFiShares Trust$16.0Kreported value+53 shares EEMIshares, Inc.$12.0Kreported value+250 shares IWSiShares Trust$5.0Kreported value+44 shares IWPiShares Trust$4.0Kreported value+33 shares IWNiShares Trust$3.0Kreported value+17 shares

Increased positions

ZBHZimmer Biomet Holdings, Inc.$6.54Mreported value+47.7K shares+1255.3%WUThe Western Union Company$6.48Mreported value+337.2K shares+1290.8%CAGConagra Brands, Inc.$4.22Mreported value+107.1K shares+648.0%EFAiShares Trust$1.44Mreported value+1.5K shares

Reduced positions

SPGSimon Property Group, Inc.$11.68Mreported value-5.8K shares-7.4%CVSCVS Health Corp$11.26Mreported value-3.7K shares-3.3%WFCWells Fargo & Company/mn$10.97Mreported value-9.0K shares-3.8%MSFTMicrosoft Corporation$10.51Mreported value-2.6K shares

Exited positions

PFEPfizer Inc.$7.59Mprior reported value-176.5K shares-100.0%MARMarriott International Inc /md/$591.0Kprior reported value-4.0K shares-100.0%IJRiShares Trust$46.0Kprior reported value-424 shares-100.0%AGGiShares Trust$32.0Kprior reported value-281 shares