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Watchman Group, Inc.

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

Q3 2025 · Filed 2025-11-13
Market Value
$413M
+7.7%
Holdings
81
-4
New Purchases
4
Added To
23
Closed
3
Reduced
40
Top 10 Concentration
56.1%
Turnover
8.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
FFIN 0.87% 0.00% +0.87% $4M
A 0.84% 0.00% +0.84% $3M
SFBS 0.63% 0.00% +0.63% $3M
TSLA 1.78% 1.35% +0.42% $7M
GOOG 1.54% 1.21% +0.33% $6M
VSLU 6.56% 6.28% +0.29% $27M
GOOGL 1.24% 0.98% +0.26% $5M
CVCO 1.14% 0.92% +0.21% $5M
DHI 1.12% 0.92% +0.20% $5M
CMI 1.15% 1.00% +0.15% $5M
FBND 4.14% 4.03% +0.11% $17M
IBIT 0.10% 0.00% +0.10% $422K
APH 1.67% 1.57% +0.10% $7M
DFAC 8.70% 8.63% +0.07% $36M
GNRC 1.06% 0.99% +0.06% $4M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SGOV 1.26% 2.33% -1.07% $5M
KRE 0.00% 0.48% -0.48% $0
INTU 1.14% 1.41% -0.27% $5M
ACN 0.83% 1.08% -0.24% $3M
SYK 1.40% 1.63% -0.23% $6M
MTBA 9.51% 9.70% -0.18% $39M
PYPL 0.71% 0.87% -0.16% $3M
TLH 6.29% 6.45% -0.16% $26M
V 1.20% 1.35% -0.15% $5M
WAB 1.05% 1.20% -0.15% $4M
MKL 1.07% 1.22% -0.14% $4M
DFIC 3.34% 3.48% -0.14% $14M
UFPI 0.87% 1.00% -0.13% $4M
BRK-B 1.83% 1.94% -0.11% $8M
CFR 0.80% 0.89% -0.09% $3M

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 22 $52M 12.6%
Large Cap 42 $224M 54.2%
Mid Cap 9 $38M 9.1%
Small Cap 5 $95M 23.1%
Micro Cap 3 $4M 0.9%

Portfolio Analytics

Avg Market Cap
$485.6B
Median Market Cap
$45.7B
Avg P/E
32.1
Median P/E
23.2
Avg Dividend Yield
0.01%
Avg Beta
0.97
# Stocks
49
# ETFs / Funds
32

Top Holdings (81 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 MTBA 9.51% 780,454 $39M $50.35 $2M +37,940 +5.1%
2 DFAC 8.70% 931,770 $36M $38.57 $3M +8,024 +0.9%
3 TMSL 6.84% 803,727 $28M $35.17 $2M -1,451 -0.2%
4 VSLU 6.56% 635,183 $27M $42.69 $3M +20,330 +3.3%
5 TLH 6.29% 252,485 $26M $102.99 $1M +8,907 +3.7%
6 DFAT 6.09% 432,188 $25M $58.21 $2M -5,392 -1.2%
7 FBND 4.14% 369,743 $17M $46.24 $2M +31,846 +9.4%
8 DFIC 3.34% 420,989 $14M $32.79 $468K -7,960 -1.9%
9 DFEM 2.67% 344,368 $11M $32.07 $667K -5,252 -1.5%
10 FRDM 1.99% 185,167 $8M $44.31 $514K -5,200 -2.7%
11 IJH 1.83% 116,000 $8M $65.26 $248K -2,062 -1.8%
12 BRK-B 1.83% 15,023 $8M $502.72 $123K -271 -1.8%
13 TSLA 1.78% 16,489 $7M $444.72 $2M +146 +0.9%
14 MSFT 1.68% 13,398 $7M $517.96 $192K -168 -1.2%
15 APH 1.67% 55,757 $7M $123.75 $876K -5,240 -8.6%
16 GOOG 1.54% 26,109 $6M $243.55 $2M -94 -0.4%
17 SYK 1.40% 15,659 $6M $369.67 -$481K -189 -1.2%
18 SGOV 1.26% 51,879 $5M $100.70 -$4M -36,978 -41.6%
19 GOOGL 1.24% 21,042 $5M $243.10 $1M -204 -1.0%
20 GD 1.21% 14,601 $5M $341.01 $555K -567 -3.7%
21 V 1.20% 14,576 $5M $341.38 -$218K -52 -0.4%
22 CMI 1.15% 11,264 $5M $422.37 $917K -464 -4.0%
23 INTU 1.14% 6,894 $5M $682.91 -$685K +47 +0.7%
24 CVCO 1.14% 8,086 $5M $580.73 $1M -55 -0.7%
25 DHI 1.12% 27,381 $5M $169.47 $1M -35 -0.1%
26 UBER 1.08% 45,592 $4M $97.97 $163K -532 -1.1%
27 MKL 1.07% 2,321 $4M $1,911.36 -$236K -18 -0.8%
28 GNRC 1.06% 26,138 $4M $167.40 $560K -504 -1.9%
29 AMZN 1.06% 19,868 $4M $219.57 -$22K -116 -0.6%
30 WAB 1.05% 21,638 $4M $200.47 -$251K -282 -1.3%
31 CSL 1.03% 12,943 $4M $328.96 -$35K +1,446 +12.6%
32 LOW 0.95% 15,615 $4M $251.31 $321K -625 -3.9%
33 PCAR 0.93% 39,123 $4M $98.32 $29K -1,036 -2.6%
34 META 0.90% 5,085 $4M $734.37 -$65K -63 -1.2%
35 FFIN 0.87% 107,220 $4M $33.65 +107,220 NEW
36 UFPI 0.87% 38,526 $4M $93.49 -$247K -211 -0.5%
37 A 0.84% 27,045 $3M $128.35 +27,045 NEW
38 ACN 0.83% 13,927 $3M $246.60 -$691K +123 +0.9%
39 RMD 0.81% 12,156 $3M $273.73 $92K -385 -3.1%
40 CFR 0.80% 26,029 $3M $126.77 -$111K -503 -1.9%
41 NXPI 0.78% 14,085 $3M $227.73 $35K -437 -3.0%
42 NVR 0.75% 384 $3M $8,034.66 $220K -4 -1.0%
43 PYPL 0.71% 43,485 $3M $67.06 -$416K -1,347 -3.0%
44 EMTL 0.66% 61,951 $3M $43.91 $230K +4,281 +7.4%
45 IUSG 0.65% 16,275 $3M $164.54 $180K -334 -2.0%
46 SFBS 0.63% 32,287 $3M $80.53 +32,287 NEW
47 VTEB 0.50% 41,186 $2M $50.07 $93K +1,032 +2.6%
48 IJK 0.33% 14,097 $1M $95.89 -$50K -1,314 -8.5%
49 EFG 0.32% 11,770 $1M $113.88 $117K +845 +7.7%
50 USFR 0.28% 23,392 $1M $50.27 $104K +2,080 +9.8%
51 VOO 0.21% 1,415 $867K $612.38 $63K
52 WMT 0.20% 7,849 $809K $103.06 $46K +48 +0.6%
53 IHI 0.17% 11,380 $684K $60.08 -$39K -150 -1.3%
54 AAPL 0.15% 2,441 $622K $254.63 $124K +17 +0.7%
55 RAVE 0.15% 182,800 $605K $3.31 $102K
56 DIA 0.14% 1,250 $580K $463.74 $29K
57 VRSK 0.14% 2,220 $558K $251.51 -$133K
58 REI 0.13% 500,000 $545K $1.09 $148K
59 AFL 0.12% 4,383 $490K $111.70 $28K +8 +0.2%
60 VEA 0.11% 7,415 $444K $59.92 $22K
61 IBIT 0.10% 6,487 $422K $65.00 +6,487 NEW
62 IVV 0.10% 605 $405K $669.30 $33K +6 +1.0%
63 VTI 0.09% 1,184 $389K $328.17 $33K +15 +1.3%
64 NVDA 0.09% 2,049 $382K $186.58 $27K -200 -8.9%
65 JNJ 0.09% 1,921 $356K $185.42 $65K +14 +0.7%
66 BTCO 0.09% 3,119 $356K $114.01 -$53K -681 -17.9%
67 YUM 0.08% 2,275 $346K $152.00 $10K +6 +0.3%
68 CSCO 0.08% 4,979 $341K $68.42 -$2K +35 +0.7%
69 MCD 0.08% 1,102 $335K $303.89 $15K +7 +0.6%
70 HD 0.08% 814 $330K $405.20 -$3K -95 -10.4%
71 IWD 0.08% 1,558 $317K $203.59 $15K
72 KO 0.07% 4,308 $286K $66.32 -$19K
73 SMMU 0.07% 5,540 $280K $50.57 $2K
74 BSV 0.07% 3,527 $278K $78.91 -$3K -52 -1.4%
75 XOM 0.06% 2,337 $263K $112.75 $12K
76 VIG 0.06% 1,211 $261K $215.79 $19K +28 +2.4%
77 TPL 0.06% 270 $252K $933.64 -$33K
78 IUSV 0.05% 2,138 $214K $99.95 -$32K -456 -17.6%
79 EPD —% -$221K -7,125 -100.0% SOLD
80 KRE —% -$2M -31,227 -100.0% SOLD
81 IBM —% -$201K -683 -100.0% SOLD

New Positions

SymbolValue% Port
FFIN $4M 0.87%
A $3M 0.84%
SFBS $3M 0.63%
IBIT $422K 0.10%

Sold Out Positions

SymbolValue% Port
IBM —%
EPD —%
KRE —%
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