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Watchman Group, Inc.

5045 LORIMAR DR SUITE 200, PLANO, TX 75093-5739 • 469-241-0122

Q2 2025 · Filed 2025-08-12
Market Value
$384M
+7.5%
Holdings
85
-3
New Purchases
5
Added To
27
Closed
8
Reduced
26
Top 10 Concentration
56.6%
Turnover
15.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
TLH 6.45% 0.00% +6.45% $25M
FBND 4.03% 3.27% +0.76% $15M
SGOV 2.33% 1.68% +0.65% $9M
VSLU 6.28% 5.75% +0.52% $24M
KRE 0.48% 0.00% +0.48% $2M
DFAC 8.63% 8.15% +0.48% $33M
APH 1.57% 1.16% +0.41% $6M
TMSL 6.89% 6.56% +0.33% $26M
MSFT 1.76% 1.44% +0.31% $7M
INTU 1.41% 1.18% +0.23% $5M
UBER 1.12% 0.93% +0.19% $4M
META 0.99% 0.82% +0.17% $4M
TSLA 1.35% 1.20% +0.15% $5M
DIA 0.14% 0.00% +0.14% $551K
DFIC 3.48% 3.34% +0.13% $13M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IEI 0.00% 4.75% -4.75% $0
SHY 0.00% 3.02% -3.02% $0
CASY 0.00% 1.09% -1.09% $0
OZK 0.00% 0.73% -0.73% $0
SFBS 0.00% 0.71% -0.71% $0
BRK-B 1.94% 2.30% -0.36% $7M
CVCO 0.92% 1.19% -0.27% $4M
MTBA 9.70% 9.92% -0.22% $37M
PEP 0.00% 0.18% -0.18% $0
UFPI 1.00% 1.15% -0.14% $4M
LOW 0.94% 1.07% -0.13% $4M
V 1.35% 1.48% -0.13% $5M
PG 0.00% 0.10% -0.10% $0
PCAR 1.00% 1.10% -0.10% $4M
ACN 1.08% 1.16% -0.09% $4M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 72.8%
Consumer Cyclical 7.1%
Technology 6.7%
Industrials 5.1%
Communication Services 3.9%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 24 $47M 12.2%
Large Cap 43 $214M 55.7%
Mid Cap 10 $31M 8.2%
Small Cap 5 $88M 23.0%
Micro Cap 3 $3M 0.9%

Portfolio Analytics

Avg Market Cap
$468.9B
Median Market Cap
$44.9B
Avg P/E
31.9
Median P/E
23.2
Avg Dividend Yield
0.01%
Avg Beta
0.91
# Stocks
51
# ETFs / Funds
34

Top Holdings (85 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 MTBA 9.70% 742,514 $37M $50.09 $2M +36,746 +5.2%
2 DFAC 8.63% 923,746 $33M $35.84 $4M +41,988 +4.8%
3 TMSL 6.89% 805,178 $26M $32.80 $3M +37,628 +4.9%
4 TLH 6.45% 243,578 $25M $101.60 +243,578 NEW
5 VSLU 6.28% 614,853 $24M $39.15 $4M +28,900 +4.9%
6 DFAT 6.16% 437,580 $24M $53.96 $2M +8,433 +2.0%
7 FBND 4.03% 337,897 $15M $45.75 $4M +82,114 +32.1%
8 DFIC 3.48% 428,949 $13M $31.09 $1M -743 -0.2%
9 DFEM 2.71% 349,620 $10M $29.68 $1M -410 -0.1%
10 SGOV 2.33% 88,857 $9M $100.69 $3M +29,333 +49.3%
11 FRDM 2.01% 190,367 $8M $40.40 $971K -1,344 -0.7%
12 BRK-B 1.94% 15,294 $7M $485.77 -$780K -121 -0.8%
13 IJH 1.91% 118,062 $7M $62.02 $648K +3,686 +3.2%
14 MSFT 1.76% 13,566 $7M $497.41 $2M -165 -1.2%
15 SYK 1.63% 15,848 $6M $395.63 $320K -135 -0.8%
16 APH 1.57% 60,997 $6M $98.75 $2M -2,027 -3.2%
17 INTU 1.41% 6,847 $5M $787.63 $1M +11 +0.2%
18 V 1.35% 14,628 $5M $355.05 -$89K -446 -3.0%
19 TSLA 1.35% 16,343 $5M $317.66 $902K -209 -1.3%
20 MKL 1.22% 2,339 $5M $1,997.36 $284K -8 -0.3%
21 GOOG 1.21% 26,203 $5M $177.39 $662K +686 +2.7%
22 WAB 1.20% 21,920 $5M $209.35 $562K -286 -1.3%
23 GD 1.15% 15,168 $4M $291.66 $301K +43 +0.3%
24 AMZN 1.14% 19,984 $4M $219.39 $649K +349 +1.8%
25 UBER 1.12% 46,124 $4M $93.30 $988K +615 +1.4%
26 CSL 1.12% 11,497 $4M $373.40 $411K +96 +0.8%
27 ACN 1.08% 13,804 $4M $298.89 -$23K +508 +3.8%
28 UFPI 1.00% 38,737 $4M $99.36 -$238K +553 +1.4%
29 CMI 1.00% 11,728 $4M $327.50 $151K -45 -0.4%
30 PCAR 1.00% 40,159 $4M $95.06 -$94K -14 -0.0%
31 GNRC 0.99% 26,642 $4M $143.21 $471K +232 +0.9%
32 META 0.99% 5,148 $4M $738.06 $858K +44 +0.9%
33 GOOGL 0.98% 21,246 $4M $176.23 $402K -368 -1.7%
34 LOW 0.94% 16,240 $4M $221.87 -$205K -86 -0.5%
35 CVCO 0.92% 8,141 $4M $434.43 -$706K -23 -0.3%
36 DHI 0.92% 27,416 $4M $128.92 $185K +1,069 +4.1%
37 CFR 0.89% 26,532 $3M $128.54 $73K -126 -0.5%
38 PYPL 0.87% 44,832 $3M $74.32 $408K +22 +0.1%
39 RMD 0.84% 12,541 $3M $258.00 $323K -470 -3.6%
40 NXPI 0.83% 14,522 $3M $218.49 $420K +39 +0.3%
41 NVR 0.75% 388 $3M $7,385.66 $19K -5 -1.3%
42 IUSG 0.65% 16,609 $2M $150.40 $332K -435 -2.5%
43 EMTL 0.65% 57,670 $2M $43.17 $512K +11,782 +25.7%
44 VTEB 0.51% 40,154 $2M $49.03 -$24K
45 KRE 0.48% 31,227 $2M $59.39 +31,227 NEW
46 IJK 0.37% 15,411 $1M $90.98 $24K -1,141 -6.9%
47 EFG 0.32% 10,925 $1M $112.00 $323K +1,922 +21.4%
48 USFR 0.28% 21,312 $1M $50.31 $147K +2,933 +16.0%
49 VOO 0.21% 1,415 $804K $568.03 $71K -10 -0.7%
50 WMT 0.20% 7,801 $763K $97.78 $66K -136 -1.7%
51 IHI 0.19% 11,530 $722K $62.64 $28K
52 VRSK 0.18% 2,220 $692K $311.50 $31K
53 DIA 0.14% 1,250 $551K $440.65 +1,250 NEW
54 RAVE 0.13% 182,800 $503K $2.75
55 AAPL 0.13% 2,424 $497K $205.17 -$33K +37 +1.6%
56 AFL 0.12% 4,375 $461K $105.46 -$25K
57 VEA 0.11% 7,415 $423K $57.01 $46K
58 BTCO 0.11% 3,800 $409K $107.53 $96K
59 REI 0.10% 500,000 $397K $0.79 -$178K
60 IVV 0.10% 599 $372K $620.90 +599 NEW
61 NVDA 0.09% 2,249 $355K $157.98 -$57K -1,555 -40.9%
62 VTI 0.09% 1,169 $355K $303.93 $62K +101 +9.5%
63 CSCO 0.09% 4,944 $343K $69.38 $38K
64 YUM 0.09% 2,269 $336K $148.18 -$21K
65 HD 0.09% 909 $333K $366.65 $13K +36 +4.1%
66 MCD 0.08% 1,095 $320K $292.17 -$22K
67 KO 0.08% 4,308 $305K $70.75 -$4K
68 IWD 0.08% 1,558 $303K $194.23 $9K
69 JNJ 0.08% 1,907 $291K $152.75 -$25K
70 TPL 0.07% 270 $285K $1,056.39 -$73K
71 BSV 0.07% 3,579 $282K $78.70 $2K
72 SMMU 0.07% 5,540 $278K $50.17 $831
73 XOM 0.07% 2,337 $252K $107.80 -$50K -204 -8.0%
74 IUSV 0.06% 2,594 $245K $94.63 -$29K -381 -12.8%
75 VIG 0.06% 1,183 $242K $204.67 $13K
76 EPD 0.06% 7,125 $221K $31.01 -$22K
77 IBM 0.05% 683 $201K $294.78 +683 NEW
78 PEP —% -$632K -4,218 -100.0% SOLD
79 SFBS —% -$3M -30,526 -100.0% SOLD
80 OZK —% -$3M -59,833 -100.0% SOLD
81 TBLL —% -$240K -2,278 -100.0% SOLD
82 IEI —% -$17M -143,492 -100.0% SOLD
83 SHY —% -$11M -130,195 -100.0% SOLD
84 PG —% -$372K -2,183 -100.0% SOLD
85 CASY —% -$4M -8,926 -100.0% SOLD

New Positions

SymbolValue% Port
TLH $25M 6.45%
KRE $2M 0.48%
DIA $551K 0.14%
IVV $372K 0.10%
IBM $201K 0.05%

Sold Out Positions

SymbolValue% Port
PG —%
SFBS —%
CASY —%
PEP —%
IEI —%
OZK —%
SHY —%
TBLL —%
View SEC EDGAR Filings for Watchman Group, Inc. →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms