What did Hillman Capital Management actually do?

A source-backed history of material decisions from Hillman Capital Management. We preserve the sequence and observed outcomes instead of compressing judgment into a guru grade.

Material decisions: 28
Stocks observed: 15
Outcomes observed: 28

Each outcome preserves the stock’s post-disclosure excess return over the fixed observation window. The evidence stays decision-level; it is not rolled into a manager score.

Observed decisions and outcomes

Q2 2026
filed Aug 14, 2026
45d lag
TSMTRIM-29.6%
Hillman Capital Management · 1.9% of reported portfolio
Original SEC filing ↗
+10.1% vs SPY
34 sessions after disclosure
direction not supported so far
Q2 2026
filed Aug 14, 2026
45d lag
ORCLTRIM-28.6%
Hillman Capital Management · 1.6% of reported portfolio
Original SEC filing ↗
-2.8% vs SPY
34 sessions after disclosure
direction supported so far
Q2 2026
filed Aug 14, 2026
45d lag
UNHTRIM-27.0%
Hillman Capital Management · 1.4% of reported portfolio
Original SEC filing ↗
-5.3% vs SPY
34 sessions after disclosure
direction supported so far
Q2 2026
filed Aug 14, 2026
45d lag
CRMADD+24.7%
Hillman Capital Management · 1.5% of reported portfolio
Original SEC filing ↗
+23.3% vs SPY
34 sessions after disclosure
direction supported so far
Q1 2026
filed May 15, 2026
45d lag
FISVADD+110.4%
Hillman Capital Management · 3.1% of reported portfolio
Original SEC filing ↗
-12.7% vs SPY
63 sessions after disclosure
direction not supported so far
Q1 2026
filed May 15, 2026
45d lag
ADBEADD+122.9%
Hillman Capital Management · 2.7% of reported portfolio
Original SEC filing ↗
-5.5% vs SPY
63 sessions after disclosure
direction not supported so far
Q1 2026
filed May 15, 2026
45d lag
EFXADD+22.4%
Hillman Capital Management · 1.7% of reported portfolio
Original SEC filing ↗
+3.1% vs SPY
63 sessions after disclosure
direction supported so far
Q1 2026
filed May 15, 2026
45d lag
ORCLNEWNEW
Hillman Capital Management · 1.6% of reported portfolio
Original SEC filing ↗
-26.0% vs SPY
63 sessions after disclosure
direction not supported so far
Q4 2025
filed Feb 17, 2026
48d lag
WBDTRIM-35.1%
Hillman Capital Management · 3.8% of reported portfolio
Original SEC filing ↗
-13.8% vs SPY
63 sessions after disclosure
direction supported so far
Q4 2025
filed Feb 17, 2026
48d lag
FISVADD+67.6%
Hillman Capital Management · 1.6% of reported portfolio
Original SEC filing ↗
-18.0% vs SPY
63 sessions after disclosure
direction not supported so far
Q3 2025
filed Nov 14, 2025
45d lag
WBDTRIM-44.5%
Hillman Capital Management · 3.7% of reported portfolio
Original SEC filing ↗
+23.2% vs SPY
63 sessions after disclosure
direction not supported so far
Q3 2025
filed Nov 14, 2025
45d lag
TSMTRIM-30.6%
Hillman Capital Management · 2.0% of reported portfolio
Original SEC filing ↗
+25.4% vs SPY
63 sessions after disclosure
direction not supported so far
Q3 2025
filed Nov 14, 2025
45d lag
GOOGLTRIM-100.0%
Hillman Capital Management · 1.7% of reported portfolio
Original SEC filing ↗
+3.1% vs SPY
63 sessions after disclosure
direction not supported so far
Q3 2025
filed Nov 14, 2025
45d lag
UNHNEWNEW
Hillman Capital Management · 1.6% of reported portfolio
Original SEC filing ↗
-12.9% vs SPY
63 sessions after disclosure
direction not supported so far
Q2 2025
filed Aug 14, 2025
45d lag
TSMADD+792.4%
Hillman Capital Management · 2.0% of reported portfolio
Original SEC filing ↗
+15.5% vs SPY
63 sessions after disclosure
direction supported so far
Q2 2025
filed Aug 14, 2025
45d lag
DISTRIM-28.6%
Hillman Capital Management · 2.0% of reported portfolio
Original SEC filing ↗
-5.4% vs SPY
63 sessions after disclosure
direction supported so far
Q2 2025
filed Aug 14, 2025
45d lag
GOOGLTRIM-22.9%
Hillman Capital Management · 1.7% of reported portfolio
Original SEC filing ↗
+34.2% vs SPY
63 sessions after disclosure
direction not supported so far
Q1 2025
filed May 15, 2025
45d lag
AMZNEXITEXIT
Hillman Capital Management · 4.0% of reported portfolio
Original SEC filing ↗
+3.8% vs SPY
63 sessions after disclosure
direction not supported so far
Q1 2025
filed May 15, 2025
45d lag
WBDTRIM-28.7%
Hillman Capital Management · 3.6% of reported portfolio
Original SEC filing ↗
+20.8% vs SPY
63 sessions after disclosure
direction not supported so far
Q1 2025
filed May 15, 2025
45d lag
MSFTTRIM-24.9%
Hillman Capital Management · 3.4% of reported portfolio
Original SEC filing ↗
+5.9% vs SPY
63 sessions after disclosure
direction not supported so far
Q1 2025
filed May 15, 2025
45d lag
DISTRIM-40.8%
Hillman Capital Management · 2.8% of reported portfolio
Original SEC filing ↗
-6.4% vs SPY
63 sessions after disclosure
direction supported so far
Q1 2025
filed May 15, 2025
45d lag
CRMTRIM-32.3%
Hillman Capital Management · 2.6% of reported portfolio
Original SEC filing ↗
-25.2% vs SPY
63 sessions after disclosure
direction supported so far
Q1 2025
filed May 15, 2025
45d lag
GOOGLTRIM-38.2%
Hillman Capital Management · 2.5% of reported portfolio
Original SEC filing ↗
+14.2% vs SPY
63 sessions after disclosure
direction not supported so far
Q1 2025
filed May 15, 2025
45d lag
CMCSATRIM-27.1%
Hillman Capital Management · 2.1% of reported portfolio
Original SEC filing ↗
-13.5% vs SPY
63 sessions after disclosure
direction supported so far
Q4 2024
filed Feb 14, 2025
45d lag
WFCEXITEXIT
Hillman Capital Management · 3.1% of reported portfolio
Original SEC filing ↗
-2.6% vs SPY
63 sessions after disclosure
direction supported so far
Q4 2024
filed Feb 14, 2025
45d lag
BMYTRIM-28.5%
Hillman Capital Management · 2.8% of reported portfolio
Original SEC filing ↗
-10.6% vs SPY
63 sessions after disclosure
direction supported so far
Q3 2024
filed Nov 14, 2024
45d lag
ADBETRIM-29.3%
Hillman Capital Management · 2.7% of reported portfolio
Original SEC filing ↗
-14.2% vs SPY
63 sessions after disclosure
direction supported so far
Q3 2024
filed Nov 14, 2024
45d lag
DISADD+24.5%
Hillman Capital Management · 2.2% of reported portfolio
Original SEC filing ↗
-7.8% vs SPY
63 sessions after disclosure
direction not supported so far

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The evidence is limited to selected widely owned U.S.-listed securities in Form 13F filings. Filing dates can trail quarter end by up to 45 days in the normal reporting cycle, and the filings do not disclose transaction dates, prices, or intent.