13F filing recap · Q1 2023

What did Hillman Capital Management buy in Q1 2023?

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

$264.28M

Positions

Estimated turnover

8.6%

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

SYKStryker Corp$228.4Kreported value+800 shares

Increased positions

CRMSalesforce, Inc.$8.28Mreported value+469 shares+1.1%AMZNAmazon.com Inc$8.25Mreported value+19.9K shares+33.1%KKellanova$7.97Mreported value+288 shares+0.2%INTCIntel Corp$7.96Mreported value+17.5K shares

Reduced positions

BUDAnheuser-Busch Inbev Sa/nv$10.24Mreported value-469 shares-0.3%MSFTMicrosoft Corporation$10.20Mreported value-172 shares-0.5%TSMTaiwan Semiconductor Manufacturing$9.22Mreported value-698 shares-0.7%ASMLAsml Holding N.v.$8.83Mreported value-72 shares

Exited positions

SPYSPDR S&P 500 ETF Trust$1.73Mprior reported value-4.5K shares-100.0%