N-PORT filing recap · June 2022

What did Hillman Value Fund buy in June 2022?

Reported stock-position changes between this filing and the previous one. These are Hillman Value Fund's own holdings, not the firm's.

Stock value

$205.44M

Positions

Estimated turnover

20.1%

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

LRCXLam Research Corporation$6.14Mreported value+14.4K shares WBDWarner Bros. Discovery, Inc.$4.81Mreported value+358.6K shares

Increased positions

TAT&T Inc.$7.22Mreported value+114.3K shares+49.7%CRMSalesforce, Inc.$6.31Mreported value+7.6K shares+24.9%MSFTMicrosoft Corporation$6.00Mreported value+3.8K shares+19.7%BNYThe Bank of New York Mellon Corporation$5.86Mreported value+30.4K shares

Exited positions

MMPMagellan Midstream Partners, L.p.$6.92Mprior reported value-141.0K shares-100.0%BMYBristol-Myers Squibb Company$6.79Mprior reported value-93.0K shares-100.0%DISCADiscovery, Inc.$5.56Mprior reported value-223.0K shares-100.0%ZIMVZimvie Inc.$107.3Kprior reported value-4.7K shares