Watchman Group, Inc.
CIK 1748726 · View on SEC EDGAR ↗
- Portfolio value
- $447.4M
- Positions
- 73
- As of
- June 30, 2026
#4,072 of 9,443 by 13F value · top 43.1%
Portfolio value QoQ: +8.3% 13F does not disclose cash
- Top 10 holdings weight
- 60.86%
- Top 25 holdings weight
- 81.79%
- Positions above 1%
- 24
- Effective number of positions
- 20.9
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 2.83% Est. buys $12,187,217 · sells $13,722,356
Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 70.9% still held
- New positions
- 5
- Increased
- 28
- Decreased
- 30
- Closed
- 5
On this page
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Sector breakdown
Industrials
8.4%
Communication Services
4.1%
Technology
3.9%
Consumer Discretionary
2.7%
Consumer products
2.5%
Financials
2.5%
Retail
2.0%
Healthcare
2.0%
Financial Services
1.1%
Energy
1.0%
Communications
0.1%
Consumer Staples
0.1%
Other/Unmapped
69.7%
Full portfolio 73 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| MTBA | $44,273,604 | 9.90% | 902,254 | $853,906 | Up ×6 | ||
| DFAC | $40,652,311 | 9.09% | 916,418 | $5,430,105 | Up ×1 | ||
| TMSL | $35,680,395 | 7.97% | 813,692 | $5,931,050 | Up ×1 | ||
| VSLU | $34,595,239 | 7.73% | 748,065 | $4,531,424 | Up ×6 | ||
| DFAT | $30,172,905 | 6.74% | 431,658 | $3,287,615 | Up ×1 | ||
| TLH | $27,597,354 | 6.17% | 275,011 | $298,507 | Up ×4 | ||
| FBND | $20,964,340 | 4.69% | 460,856 | $780,090 | Up ×6 | ||
| DFIC | $16,143,402 | 3.61% | 433,264 | $768,523 | Up ×3 | ||
| DFEM | $11,993,091 | 2.68% | 295,106 | $583,421 | Down ×6 | ||
| AVDE | $10,229,189 | 2.29% | 114,677 | $1,154,023 | Up ×2 | ||
| FRDM | $9,142,667 | 2.04% | 125,414 | $-213,047 | Down ×2 | ||
| GOOG Alphabet Inc. - Class C Capital Stock | $8,949,496 | 2.00% | 25,329 | $1,567,153 | Down ×1 | ||
| SGOV iShares 0-3 Month Treasury Bond ETF | $7,863,737 | 1.76% | 78,114 | $1,136,025 | Up ×2 | ||
| APH Amphenol Corporation Common Stock | $7,770,952 | 1.74% | 44,073 | $2,040,600 | Down ×6 | ||
| BRKB | $7,534,623 | 1.68% | 15,058 | $380,406 | Up ×1 | ||
| GOOGL Alphabet Inc. - Class A Common Stock | $6,904,071 | 1.54% | 19,319 | $1,226,522 | Down ×6 | ||
| TSLA Tesla, Inc. - Common Stock | $6,748,527 | 1.51% | 16,045 | $762,608 | Down ×1 | ||
| V Visa Inc. | $5,135,372 | 1.15% | 14,968 | $715,112 | Up ×2 | ||
| MSFT Microsoft Corporation - Common Stock | $5,053,214 | 1.13% | 13,547 | $46,099 | Up ×2 | ||
| WAB Westinghouse Air Brake Technologies Corporation Common Stock | $5,001,620 | 1.12% | 18,552 | $31,409 | Down ×6 | ||
| AMZN Amazon.com, Inc. - Common Stock | $4,840,209 | 1.08% | 20,308 | $685,222 | Up ×2 | ||
| CVCO Cavco Industries, Inc. - Common Stock | $4,784,792 | 1.07% | 7,788 | $1,065,444 | Up ×1 | ||
| CSL Carlisle Companies Incorporated Common Stock | $4,757,104 | 1.06% | 13,114 | $374,338 | Down ×2 | ||
| SYK Stryker Corporation Common Stock | $4,731,101 | 1.06% | 15,027 | $-249,667 | Down ×1 | ||
| DHI D.R. Horton, Inc. Common Stock | $4,415,677 | 0.99% | 27,110 | $691,526 | Down ×4 | ||
| MKL Markel Group Inc. Common Stock | $4,327,871 | 0.97% | 2,216 | $92,034 | Up ×1 | ||
| PCAR PACCAR Inc. - Common Stock | $4,302,699 | 0.96% | 35,820 | $131,070 | Down ×6 | ||
| GD General Dynamics Corporation Common Stock | $4,245,812 | 0.95% | 11,986 | $-237,525 | Down ×4 | ||
| TPL Texas Pacific Land Corporation Common Stock | $4,216,224 | 0.94% | 9,634 | $-289,249 | Up ×3 | ||
| CAVA CAVA Group, Inc. Common Stock | $4,034,893 | 0.90% | 51,413 | $-338,561 | Down ×1 | ||
| NXPI NXP Semiconductors N.V. - Common Stock | $3,959,432 | 0.88% | 14,089 | $889,597 | Down ×1 | ||
| UFPI UFP Industries, Inc. - Common Stock | $3,706,367 | 0.83% | 40,846 | $210,965 | Up ×2 | ||
| CMI Cummins Inc. Common Stock | $3,631,666 | 0.81% | 5,092 | $772,089 | Down ×6 | ||
| UBER Uber Technologies, Inc. Common Stock | $3,571,199 | 0.80% | 49,490 | $18,504 | Up ×2 | ||
| A Agilent Technologies, Inc. Common Stock | $3,528,231 | 0.79% | 26,562 | $578,998 | Up ×1 | ||
| FFIN First Financial Bankshares, Inc. - Common Stock | $3,295,858 | 0.74% | 95,256 | $482,087 | Down ×3 | ||
| LOW Lowe's Companies, Inc. Common Stock | $3,228,856 | 0.72% | 14,644 | $-266,671 | Down ×6 | ||
| SFBS ServisFirst Bancshares, Inc. Common Stock | $3,030,959 | 0.68% | 34,939 | $631,865 | Up ×1 | ||
| EMTL | $2,903,681 | 0.65% | 67,996 | $72,435 | Up ×6 | ||
| NOW ServiceNow, Inc. Common Stock | $2,860,158 | 0.64% | 28,809 | Up ×1 | |||
| IUSG iShares Core S&P U.S. Growth ETF | $2,834,329 | 0.63% | 15,069 | $460,215 | Down ×6 | ||
| ACN Accenture plc Class A Ordinary Shares (Ireland) | $2,822,797 | 0.63% | 22,684 | $-171,977 | Up ×5 | ||
| META Meta Platforms, Inc. - Class A Common Stock | $2,418,377 | 0.54% | 4,293 | $-494,430 | Down ×1 | ||
| NVR NVR, Inc. Common Stock | $1,866,872 | 0.42% | 274 | $-604,315 | Down ×2 | ||
| INTU Intuit Inc. - Common Stock | $1,807,164 | 0.40% | 6,924 | $-1,314,620 | Down ×1 | ||
| IJK | $1,460,055 | 0.33% | 12,426 | $198,582 | Down ×6 | ||
| USFR | $1,175,119 | 0.26% | 23,339 | $-225,592 | Down ×2 | ||
| IJH | $1,130,754 | 0.25% | 14,664 | $-908,652 | Down ×4 | ||
| VOO | $940,930 | 0.21% | 1,370 | $109,737 | Down ×2 | ||
| WMT Walmart Inc. - Common Stock | $892,870 | 0.20% | 7,883 | $-86,875 | |||
| AAPL Apple Inc. - Common Stock | $702,648 | 0.16% | 2,428 | $70,203 | Down ×1 | ||
| DIA | $652,988 | 0.15% | 1,250 | $74,000 | |||
| CSCO Cisco Systems, Inc. - Common Stock | $617,135 | 0.14% | 5,254 | $221,038 | Up ×4 | ||
| RAVE Rave Restaurant Group, Inc. - Common Stock | $597,756 | 0.13% | 182,800 | $113,336 | |||
| IHI | $562,286 | 0.13% | 11,380 | $-44,837 | |||
| VEA | $531,383 | 0.12% | 7,458 | $53,474 | |||
| AFL AFLAC Incorporated Common Stock | $514,142 | 0.11% | 4,385 | $33,063 | |||
| JNJ Johnson & Johnson Common Stock | $499,813 | 0.11% | 1,968 | $26,088 | Up ×2 | ||
| IVV | $489,026 | 0.11% | 653 | $62,479 | |||
| VRSK Verisk Analytics, Inc. - Common Stock | $386,888 | 0.09% | 2,155 | $-22,024 | |||
| NVDA NVIDIA Corporation - Common Stock | $379,528 | 0.08% | 1,897 | $46,401 | Down ×1 | ||
| CTA | $378,439 | 0.08% | 14,589 | Up ×1 | |||
| KO Coca-Cola Company (The) Common Stock | $329,653 | 0.07% | 4,056 | $2,009 | Down ×1 | ||
| IWD | $328,978 | 0.07% | 1,357 | $30,481 | Down ×2 | ||
| XOM Exxon Mobil Corporation Common Stock | $313,499 | 0.07% | 2,293 | $-75,532 | |||
| BSV | $296,214 | 0.07% | 3,802 | $19,269 | Up ×2 | ||
| YUM Yum! Brands, Inc. | $283,912 | 0.06% | 1,776 | $10,889 | Up ×1 | ||
| IBIT iShares Bitcoin Trust ETF | $247,245 | 0.06% | 7,427 | ||||
| EFG | $246,725 | 0.06% | 1,983 | $18,750 | Down ×3 | ||
| BKLC | $237,024 | 0.05% | 1,653 | ||||
| MCD McDonald's Corporation Common Stock | $236,609 | 0.05% | 875 | $-29,428 | Up ×2 | ||
| IUSV iShares Core S&P U.S. Value ETF | $235,501 | 0.05% | 2,138 | $16,890 | |||
| QQQ Invesco QQQ Trust, Series 1 | $212,047 | 0.05% | 288 | Up ×1 | |||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
Biggest new bets
New positions opened this quarter, largest first.
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| TMSL | Bought more | +2K | +$5.9M |
| DFAC | Bought more | +10K | +$5.4M |
| VSLU | Bought more | +29K | +$4.5M |
| DFAT | Bought more | +1K | +$3.3M |
| APH | Trimmed | -1K | +$2.0M |
| GOOG | Trimmed | -406 | +$1.6M |
| INTU | Trimmed | -296 | -$1.3M |
| GOOGL | Trimmed | -425 | +$1.2M |
| AVDE | Bought more | +8K | +$1.2M |
| SGOV | Bought more | +11K | +$1.1M |
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| IEI | June 30, 2025 | 143,492 | $16,951,428 | |
| SHY | June 30, 2025 | 130,195 | $10,771,033 | |
| GNRC | Dec. 31, 2025 | 26,138 | $4,375,502 | 52.8% |
| CASY | June 30, 2025 | 8,926 | $3,874,242 | 62.2% |
| ITT | March 31, 2025 | 25,793 | $3,685,304 | 64.2% |
| CFR | Dec. 31, 2025 | 26,029 | $3,299,697 | 30.3% |
| LOB | March 31, 2025 | 82,526 | $3,263,904 | 52.1% |
| PYPL | Dec. 31, 2025 | 43,485 | $2,916,105 | 5.7% |
| AMD | June 30, 2026 | 14,062 | $2,860,633 | -19.8% |
| RMD | March 31, 2026 | 11,830 | $2,849,493 | 2.6% |
| OZK | June 30, 2025 | 59,833 | $2,599,744 | 4.9% |
| SFBS | June 30, 2025 | 30,526 | $2,521,448 | 13.0% |
| KRE | Sept. 30, 2025 | 31,227 | $1,854,572 | No longer tracked |
| IJR | March 31, 2025 | 15,863 | $1,827,735 | No longer tracked |
| VTEB | March 31, 2026 | 16,168 | $813,089 | No longer tracked |
| PEP | June 30, 2025 | 4,218 | $632,447 | 7.7% |
| VTES | March 31, 2025 | 5,011 | $502,353 | No longer tracked |
| REI | March 31, 2026 | 500,000 | $435,000 | No longer tracked |
| IBIT | Dec. 31, 2025 | 6,487 | $421,655 | |
| BTCO | June 30, 2026 | 6,210 | $418,989 | No longer tracked |
| PG | June 30, 2025 | 2,183 | $372,032 | -9.4% |
| SMMU | Dec. 31, 2025 | 5,540 | $280,158 | No longer tracked |
| TBLL | June 30, 2025 | 2,278 | $240,409 | No longer tracked |
| VTI | June 30, 2026 | 749 | $240,287 | No longer tracked |
| AGG | March 31, 2025 | 2,448 | $237,212 | No longer tracked |
| VIG | June 30, 2026 | 1,088 | $233,986 | No longer tracked |
| HD | June 30, 2026 | 680 | $223,646 | -4.2% |
| EPD | Sept. 30, 2025 | 7,125 | $220,947 | 22.7% |
| BKLC | March 31, 2025 | 1,934 | $216,725 | No longer tracked |
| BKLC | March 31, 2026 | 1,653 | $216,213 | No longer tracked |
| AVDX | March 31, 2025 | 19,957 | $206,356 | No longer tracked |
| IBM | Sept. 30, 2025 | 683 | $201,335 | -16.3% |
| VO | March 31, 2025 | 667 | $176,175 | No longer tracked |
| MESA | March 31, 2025 | 21,000 | $24,360 | No longer tracked |