Hillman Capital Management, Inc. Long-Term Concentrated

CIK: 0001314620 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $158,907 (100.0% shares, 0.0% debt)

Holdings (56)

New Positions (3)

SPY SPDR S&P 500 ETF TR 2.9%

Value ($000) $4,552 Shares 6,676 Est. Cost $681.92 Unrealized —

SPYM SPDR SERIES TRUST 0.2%

Value ($000) $350 Shares 4,362 Est. Cost $80.22 Unrealized —

BWX SPDR SERIES TRUST 0.1%

Value ($000) $141 Shares 6,240 Est. Cost $22.53 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	6,676	$4,552	2.9%	$681.92	—	TR UNIT	78462F103
SPYM	SPDR SERIES TRUST	4,362	$350	0.2%	$80.22	—	STATE STREET SPD	78464A854
BWX	SPDR SERIES TRUST	6,240	$141	0.1%	$22.53	—	BLOOMBERG INTL T	78464A516

Increased Positions (8)

AKAM AKAMAI TECHNOLOGIES INC 1.8%

Value ($000) $2,792 (+770.6%) Shares 31,999 (+655.9%) Est. Cost $81.65 Unrealized +0.7%

EFX EQUIFAX INC 1.5%

Value ($000) $2,404 (-14.2%) Shares 11,079 (+1.4%) Est. Cost $224.40 Unrealized -2.6%

FISV FISERV INC 1.6%

Value ($000) $2,578 (-12.7%) Shares 38,376 (+67.6%) Est. Cost $119.33 Unrealized -29.7%

EFA ISHARES TR 1.7%

Value ($000) $2,743 (+13.8%) Shares 28,562 (+10.6%) Est. Cost $74.18 Unrealized —

DD DUPONT DE NEMOURS INC 3.4%

Value ($000) $5,357 (-3.4%) Shares 133,248 (+87.2%) Est. Cost $30.17 Unrealized +23.9%

KMX CARMAX INC 2.7%

Value ($000) $4,292 (+4.6%) Shares 111,088 (+21.4%) Est. Cost $64.08 Unrealized -37.6%

MCHP MICROCHIP TECHNOLOGY INC. 0.3%

Value ($000) $423 (+21.0%) Shares 6,646 (+21.9%) Est. Cost $56.11 Unrealized +9.3%

APD AIR PRODS & CHEMS INC 0.2%

Value ($000) $338 (+8.1%) Shares 1,367 (+19.4%) Est. Cost $255.95 Unrealized -1.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AKAM	AKAMAI TECHNOLOGIES INC	31,999 (+655.9%)	$2,792 (+770.6%)	1.8%	$81.65	+0.7%	COM	00971T101
EFX	EQUIFAX INC	11,079 (+1.4%)	$2,404 (-14.2%)	1.5%	$224.40	-2.6%	COM	294429105
FISV	FISERV INC	38,376 (+67.6%)	$2,578 (-12.7%)	1.6%	$119.33	-29.7%	COM	337738108
EFA	ISHARES TR	28,562 (+10.6%)	$2,743 (+13.8%)	1.7%	$74.18	—	MSCI EAFE ETF	464287465
DD	DUPONT DE NEMOURS INC	133,248 (+87.2%)	$5,357 (-3.4%)	3.4%	$30.17	+23.9%	COM	26614N102
KMX	CARMAX INC	111,088 (+21.4%)	$4,292 (+4.6%)	2.7%	$64.08	-37.6%	COM	143130102
MCHP	MICROCHIP TECHNOLOGY INC.	6,646 (+21.9%)	$423 (+21.0%)	0.3%	$56.11	+9.3%	COM	595017104
APD	AIR PRODS & CHEMS INC	1,367 (+19.4%)	$338 (+8.1%)	0.2%	$255.95	-1.7%	COM	009158106

Decreased Positions (41)

NUE NUCOR CORP 0.3%

Value ($000) $441 (-85.5%) Shares 2,703 (-88.0%) Est. Cost $146.81 Unrealized +2.0%

CPB THE CAMPBELLS COMPANY 2.5%

Value ($000) $3,921 (-28.2%) Shares 140,684 (-18.7%) Est. Cost $36.54 Unrealized -17.7%

BAX BAXTER INTL INC 2.5%

Value ($000) $4,043 (-25.0%) Shares 211,541 (-10.6%) Est. Cost $36.47 Unrealized -45.2%

BF/B BROWN FORMAN CORP 2.4%

Value ($000) $3,858 (-24.3%) Shares 148,052 (-21.4%) Est. Cost $39.49 Unrealized -29.1%

KHC KRAFT HEINZ CO 2.7%

Value ($000) $4,288 (-22.0%) Shares 176,807 (-16.3%) Est. Cost $25.94 Unrealized -5.1%

PFE PFIZER INC 2.7%

Value ($000) $4,365 (-20.9%) Shares 175,304 (-19.0%) Est. Cost $25.80 Unrealized -3.0%

ZBH ZIMMER BIOMET HOLDINGS INC 2.6%

Value ($000) $4,134 (-20.5%) Shares 45,969 (-13.0%) Est. Cost $118.05 Unrealized -19.9%

NKE NIKE INC 2.7%

Value ($000) $4,341 (-16.0%) Shares 68,140 (-8.1%) Est. Cost $88.29 Unrealized -26.5%

MSFT MICROSOFT CORP 3.2%

Value ($000) $5,119 (-13.8%) Shares 10,585 (-7.7%) Est. Cost $81.73 Unrealized +512.5%

ASML ASML HOLDING N V 3.7%

Value ($000) $5,895 (-10.0%) Shares 5,510 (-18.6%) Est. Cost $693.08 Unrealized —

DEO DIAGEO PLC 1.4%

Value ($000) $2,218 (-22.1%) Shares 25,705 (-13.9%) Est. Cost $126.61 Unrealized —

BA BOEING CO 3.5%

Value ($000) $5,521 (-10.2%) Shares 25,427 (-10.8%) Est. Cost $180.54 Unrealized +13.9%

VZ VERIZON COMMUNICATIONS INC 1.7%

Value ($000) $2,655 (-16.9%) Shares 65,177 (-10.3%) Est. Cost $39.27 Unrealized +3.1%

CVS CVS HEALTH CORP 3.6%

Value ($000) $5,689 (-8.4%) Shares 71,685 (-13.0%) Est. Cost $59.05 Unrealized +33.2%

GSK GSK PLC 3.5%

Value ($000) $5,607 (-8.4%) Shares 114,336 (-19.4%) Est. Cost $30.08 Unrealized —

EL LAUDER ESTEE COS INC 3.6%

Value ($000) $5,739 (-7.9%) Shares 54,803 (-22.5%) Est. Cost $112.03 Unrealized -13.6%

ADBE ADOBE INC 1.6%

Value ($000) $2,544 (-14.6%) Shares 7,269 (-13.9%) Est. Cost $482.87 Unrealized -29.6%

TROW PRICE T ROWE GROUP INC 1.7%

Value ($000) $2,631 (-13.7%) Shares 25,695 (-13.5%) Est. Cost $127.97 Unrealized -20.1%

BDX BECTON DICKINSON & CO 1.7%

Value ($000) $2,762 (-12.2%) Shares 14,230 (-15.4%) Est. Cost $225.34 Unrealized -15.9%

DIS DISNEY WALT CO 1.8%

Value ($000) $2,792 (-11.2%) Shares 24,539 (-10.6%) Est. Cost $91.73 Unrealized +19.4%

HSY HERSHEY CO 1.5%

Value ($000) $2,422 (-12.0%) Shares 13,308 (-9.5%) Est. Cost $159.26 Unrealized +14.3%

UNH UNITEDHEALTH GROUP INC 1.6%

Value ($000) $2,536 (-10.2%) Shares 7,681 (-6.1%) Est. Cost $298.94 Unrealized +12.8%

WBD WARNER BROS DISCOVERY INC 3.9%

Value ($000) $6,185 (-4.2%) Shares 214,600 (-35.1%) Est. Cost $12.88 Unrealized +81.4%

TSM TAIWAN SEMICONDUCTOR MFG LTD 1.8%

Value ($000) $2,870 (-8.0%) Shares 9,444 (-15.5%) Est. Cost $220.50 Unrealized —

IFF INTERNATIONAL FLAVORS&FRAGRA 3.2%

Value ($000) $5,124 (+5.0%) Shares 76,031 (-4.1%) Est. Cost $74.94 Unrealized -14.1%

WST WEST PHARMACEUTICAL SVSC INC 1.5%

Value ($000) $2,450 (-9.1%) Shares 8,906 (-13.3%) Est. Cost $242.79 Unrealized +12.6%

CAG CONAGRA BRANDS INC 1.5%

Value ($000) $2,405 (-9.2%) Shares 138,945 (-4.0%) Est. Cost $27.23 Unrealized -35.2%

UPS UNITED PARCEL SERVICE INC 1.5%

Value ($000) $2,442 (-8.3%) Shares 24,616 (-22.8%) Est. Cost $88.13 Unrealized +5.2%

BMY BRISTOL-MYERS SQUIBB CO 1.8%

Value ($000) $2,911 (-7.1%) Shares 53,966 (-22.3%) Est. Cost $41.60 Unrealized +14.3%

CMCSA COMCAST CORP NEW 1.7%

Value ($000) $2,716 (-7.1%) Shares 90,861 (-2.3%) Est. Cost $40.62 Unrealized -29.8%

CRM SALESFORCE INC 1.7%

Value ($000) $2,754 (-6.1%) Shares 10,397 (-16.0%) Est. Cost $206.68 Unrealized +20.1%

USB US BANCORP DEL 1.8%

Value ($000) $2,844 (-5.5%) Shares 53,293 (-14.4%) Est. Cost $32.79 Unrealized +48.6%

IVV ISHARES TR 0.4%

Value ($000) $700 (-18.1%) Shares 1,022 (-20.0%) Est. Cost $563.16 Unrealized —

BUD ANHEUSER BUSCH INBEV SA/NV 3.3%

Value ($000) $5,292 (-2.2%) Shares 82,631 (-8.9%) Est. Cost $63.57 Unrealized —

STZ CONSTELLATION BRANDS INC 1.6%

Value ($000) $2,486 (-1.8%) Shares 18,020 (-4.2%) Est. Cost $178.71 Unrealized -23.4%

BLK BLACKROCK INC 0.2%

Value ($000) $356 (-10.6%) Shares 333 (-2.6%) Est. Cost $986.89 Unrealized +10.4%

TMO THERMO FISHER SCIENTIFIC INC 0.2%

Value ($000) $367 (-7.6%) Shares 634 (-22.7%) Est. Cost $464.78 Unrealized +21.6%

RTX RTX CORPORATION 0.3%

Value ($000) $412 (+3.1%) Shares 2,247 (-5.9%) Est. Cost $63.39 Unrealized +173.4%

BIIB BIOGEN INC 3.4%

Value ($000) $5,371 (-0.0%) Shares 30,516 (-20.4%) Est. Cost $238.38 Unrealized -31.5%

GOOG ALPHABET INC 0.2%

Value ($000) $360 (+0.4%) Shares 1,148 (-22.1%) Est. Cost $114.27 Unrealized +150.6%

GOOGL ALPHABET INC 0.0%

Value ($000) $2 (-3.4%) Shares 6 (-25.0%) Est. Cost $112.08 Unrealized +154.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NUE	NUCOR CORP	2,703 (-88.0%)	$441 (-85.5%)	0.3%	$146.81	+2.0%	COM	670346105
CPB	THE CAMPBELLS COMPANY	140,684 (-18.7%)	$3,921 (-28.2%)	2.5%	$36.54	-17.7%	COM	134429109
BAX	BAXTER INTL INC	211,541 (-10.6%)	$4,043 (-25.0%)	2.5%	$36.47	-45.2%	COM	071813109
BF/B	BROWN FORMAN CORP	148,052 (-21.4%)	$3,858 (-24.3%)	2.4%	$39.49	-29.1%	CL B	115637209
KHC	KRAFT HEINZ CO	176,807 (-16.3%)	$4,288 (-22.0%)	2.7%	$25.94	-5.1%	COM	500754106
PFE	PFIZER INC	175,304 (-19.0%)	$4,365 (-20.9%)	2.7%	$25.80	-3.0%	COM	717081103
ZBH	ZIMMER BIOMET HOLDINGS INC	45,969 (-13.0%)	$4,134 (-20.5%)	2.6%	$118.05	-19.9%	COM	98956P102
NKE	NIKE INC	68,140 (-8.1%)	$4,341 (-16.0%)	2.7%	$88.29	-26.5%	CL B	654106103
MSFT	MICROSOFT CORP	10,585 (-7.7%)	$5,119 (-13.8%)	3.2%	$81.73	+512.5%	COM	594918104
ASML	ASML HOLDING N V	5,510 (-18.6%)	$5,895 (-10.0%)	3.7%	$693.08	—	N Y REGISTRY SHS	N07059210
DEO	DIAGEO PLC	25,705 (-13.9%)	$2,218 (-22.1%)	1.4%	$126.61	—	SPON ADR NEW	25243Q205
BA	BOEING CO	25,427 (-10.8%)	$5,521 (-10.2%)	3.5%	$180.54	+13.9%	COM	097023105
VZ	VERIZON COMMUNICATIONS INC	65,177 (-10.3%)	$2,655 (-16.9%)	1.7%	$39.27	+3.1%	COM	92343V104
CVS	CVS HEALTH CORP	71,685 (-13.0%)	$5,689 (-8.4%)	3.6%	$59.05	+33.2%	COM	126650100
GSK	GSK PLC	114,336 (-19.4%)	$5,607 (-8.4%)	3.5%	$30.08	—	SPONSORED ADR	37733W204
EL	LAUDER ESTEE COS INC	54,803 (-22.5%)	$5,739 (-7.9%)	3.6%	$112.03	-13.6%	CL A	518439104
ADBE	ADOBE INC	7,269 (-13.9%)	$2,544 (-14.6%)	1.6%	$482.87	-29.6%	COM	00724F101
TROW	PRICE T ROWE GROUP INC	25,695 (-13.5%)	$2,631 (-13.7%)	1.7%	$127.97	-20.1%	COM	74144T108
BDX	BECTON DICKINSON & CO	14,230 (-15.4%)	$2,762 (-12.2%)	1.7%	$225.34	-15.9%	COM	075887109
DIS	DISNEY WALT CO	24,539 (-10.6%)	$2,792 (-11.2%)	1.8%	$91.73	+19.4%	COM	254687106
HSY	HERSHEY CO	13,308 (-9.5%)	$2,422 (-12.0%)	1.5%	$159.26	+14.3%	COM	427866108
UNH	UNITEDHEALTH GROUP INC	7,681 (-6.1%)	$2,536 (-10.2%)	1.6%	$298.94	+12.8%	COM	91324P102
WBD	WARNER BROS DISCOVERY INC	214,600 (-35.1%)	$6,185 (-4.2%)	3.9%	$12.88	+81.4%	COM SER A	934423104
TSM	TAIWAN SEMICONDUCTOR MFG LTD	9,444 (-15.5%)	$2,870 (-8.0%)	1.8%	$220.50	—	SPONSORED ADS	874039100
IFF	INTERNATIONAL FLAVORS&FRAGRA	76,031 (-4.1%)	$5,124 (+5.0%)	3.2%	$74.94	-14.1%	COM	459506101
WST	WEST PHARMACEUTICAL SVSC INC	8,906 (-13.3%)	$2,450 (-9.1%)	1.5%	$242.79	+12.6%	COM	955306105
CAG	CONAGRA BRANDS INC	138,945 (-4.0%)	$2,405 (-9.2%)	1.5%	$27.23	-35.2%	COM	205887102
UPS	UNITED PARCEL SERVICE INC	24,616 (-22.8%)	$2,442 (-8.3%)	1.5%	$88.13	+5.2%	CL B	911312106
BMY	BRISTOL-MYERS SQUIBB CO	53,966 (-22.3%)	$2,911 (-7.1%)	1.8%	$41.60	+14.3%	COM	110122108
CMCSA	COMCAST CORP NEW	90,861 (-2.3%)	$2,716 (-7.1%)	1.7%	$40.62	-29.8%	CL A	20030N101
CRM	SALESFORCE INC	10,397 (-16.0%)	$2,754 (-6.1%)	1.7%	$206.68	+20.1%	COM	79466L302
USB	US BANCORP DEL	53,293 (-14.4%)	$2,844 (-5.5%)	1.8%	$32.79	+48.6%	COM NEW	902973304
IVV	ISHARES TR	1,022 (-20.0%)	$700 (-18.1%)	0.4%	$563.16	—	CORE S&P500 ETF	464287200
BUD	ANHEUSER BUSCH INBEV SA/NV	82,631 (-8.9%)	$5,292 (-2.2%)	3.3%	$63.57	—	SPONSORED ADR	03524A108
STZ	CONSTELLATION BRANDS INC	18,020 (-4.2%)	$2,486 (-1.8%)	1.6%	$178.71	-23.4%	CL A	21036P108
BLK	BLACKROCK INC	333 (-2.6%)	$356 (-10.6%)	0.2%	$986.89	+10.4%	COM	09290D101
TMO	THERMO FISHER SCIENTIFIC INC	634 (-22.7%)	$367 (-7.6%)	0.2%	$464.78	+21.6%	COM	883556102
RTX	RTX CORPORATION	2,247 (-5.9%)	$412 (+3.1%)	0.3%	$63.39	+173.4%	COM	75513E101
BIIB	BIOGEN INC	30,516 (-20.4%)	$5,371 (-0.0%)	3.4%	$238.38	-31.5%	COM	09062X103
GOOG	ALPHABET INC	1,148 (-22.1%)	$360 (+0.4%)	0.2%	$114.27	+150.6%	CAP STK CL C	02079K107
GOOGL	ALPHABET INC	6 (-25.0%)	$2 (-3.4%)	0.0%	$112.08	+154.8%	CAP STK CL A	02079K305

Unchanged Positions (4)

XOM EXXON MOBIL CORP 0.2%

Value ($000) $377 Shares 3,132 Est. Cost $111.38 Unrealized +3.7%

GE GE AEROSPACE 0.3%

Value ($000) $404 Shares 1,310 Est. Cost $58.92 Unrealized +410.5%

MDT MEDTRONIC PLC 0.2%

Value ($000) $359 Shares 3,739 Est. Cost $87.11 Unrealized +11.5%

IWR ISHARES TR 0.1%

Value ($000) $234 Shares 2,433 Est. Cost $60.35 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
XOM	EXXON MOBIL CORP	3,132	$377	0.2%	$111.38	+3.7%	COM	30231G102
GE	GE AEROSPACE	1,310	$404	0.3%	$58.92	+410.5%	COM NEW	369604301
MDT	MEDTRONIC PLC	3,739	$359	0.2%	$87.11	+11.5%	SHS	G5960L103
IWR	ISHARES TR	2,433	$234	0.1%	$60.35	—	RUS MID CAP ETF	464287499