13F filing recap · Q1 2022

What did Hillman Capital Management buy in Q1 2022?

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

$314.99M

Positions

Estimated turnover

26.0%

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

ASMLAsml Holding N.v.$9.74Mreported value+14.6K shares TROWPrice T Rowe Group Inc$8.32Mreported value+55.0K shares ADBEAdobe Inc.$7.37Mreported value+16.2K shares EFXEquifax Inc$3.06Mreported value+12.9K shares BLKBlackrock, Inc.$583.0Kreported value+763 shares

Increased positions

KHCKraft Heinz Co$10.68Mreported value+3.5K shares+1.3%GSKGsk Plc$10.27Mreported value+2.6K shares+1.1%KKellanova$10.02Mreported value+2.8K shares+1.8%BMYBristol-Myers Squibb Company$9.91Mreported value+1.8K shares

Reduced positions

CVSCVS Health Corp$9.87Mreported value-11.6K shares-10.6%EPDEnterprise Products Partners L.p.$9.74Mreported value-40.2K shares-9.6%WFCWells Fargo & Company/mn$9.64Mreported value-29.6K shares-13.0%PAAPlains All American Pipeline LP$9.29Mreported value-162 shares

Exited positions

XOMExxon Mobil Corp.$9.52Mprior reported value-155.6K shares-100.0%GDGeneral Dynamics Corp$7.03Mprior reported value-33.7K shares-100.0%LMTLockheed Martin Corporation$2.44Mprior reported value-6.9K shares-100.0%SPYSPDR S&P 500 ETF Trust$1.23Mprior reported value-2.6K shares