N-PORT filing recap · December 2024

What did Hillman Value Fund buy in December 2024?

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

$202.11M

Positions

Estimated turnover

25.5%

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.

Period in review

Hillman Value Fund opened new positions in Diageo, ASML Holding, and Brown-Forman, while exiting Emerson Electric, Nordstrom, Simon Property Group, and Wells Fargo. The fund added to Boeing, GSK, and Estee Lauder, and substantially increased its Biogen stake. It trimmed Bristol-Myers Squibb, Warner Bros. Discovery, and US Bancorp.

New positions

DEODiageo Plc$6.23Mreported value+49.0K shares ASMLAsml Holding N.v.$5.89Mreported value+8.5K shares BF.BBrown-Forman Corp$5.40Mreported value+142.1K shares

Increased positions

BAThe Boeing Company$7.03Mreported value+8.6K shares+27.7%GSKGsk Plc$5.81Mreported value+36.6K shares+27.1%ELEstee Lauder Companies Inc$5.46Mreported value+14.8K shares+25.5%BIIBBiogen Inc.$5.05Mreported value+8.6K shares

Reduced positions

BMYBristol-Myers Squibb Company$6.15Mreported value-45.3K shares-29.4%WBDWarner Bros. Discovery, Inc.$6.12Mreported value-229.2K shares-28.4%USBUS Bancorp$5.35Mreported value-44.2K shares-28.3%

Exited positions

JWNNordstrom Inc$6.20Mprior reported value-275.6K shares-100.0%EMREmerson Electric Co.$6.15Mprior reported value-56.2K shares-100.0%SPGSimon Property Group, Inc.$6.12Mprior reported value-36.2K shares-100.0%WFCWells Fargo & Company/mn$5.60Mprior reported value-99.2K shares