13F filing recap · Q3 2024

What did Hillman Capital Management buy in Q3 2024?

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

$291.58M

Positions

Estimated turnover

13.0%

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.

Quarter in review

Hillman Capital Management opened new positions in Nucor Corporation, SPDR S&P 500 ETF Trust, and Taiwan Semiconductor Manufacturing, while exiting The Bank of New York Mellon, Blackrock, Kellanova, and 3M. Zimmer Biomet Holdings was substantially increased, and Estee Lauder, Nike, Walt Disney, and Intel saw moderate additions. Adobe was moderately trimmed.

New positions

NUENucor Corporation$6.46Mreported value+42.9K shares SPYSPDR S&P 500 ETF Trust$1.28Mreported value+2.2K shares TSMTaiwan Semiconductor Manufacturing$300.4Kreported value+1.7K shares

Increased positions

TAT&T Inc.$10.14Mreported value+3.2K shares+0.7%DDDupont De Nemours, Inc.$10.09Mreported value+546 shares+0.5%AMZNAmazon.com Inc$9.27Mreported value+128 shares+0.3%WFCWells Fargo & Company/mn$9.11Mreported value+128 shares

Reduced positions

IFFInternational Flavors & Fragrances Inc$10.53Mreported value-253 shares-0.3%MSFTMicrosoft Corporation$10.18Mreported value-7 shares-0.0%SPGSimon Property Group, Inc.$9.55Mreported value-5.1K shares-8.2%WBDWarner Bros. Discovery, Inc.$9.35Mreported value-25.1K shares

Exited positions

KKellanova$8.28Mprior reported value-143.5K shares-100.0%BNYThe Bank of New York Mellon Corporation$6.72Mprior reported value-112.2K shares-100.0%MMM3m Company$294.4Kprior reported value-2.9K shares-100.0%BLKBlackrock, Inc.$274.8Kprior reported value-349 shares