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Watchman Group, Inc.

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

Q4 2025 · Filed 2026-02-06
Market Value
$419M
+1.4%
Holdings
82
+1
New Purchases
4
Added To
22
Closed
5
Reduced
39
Top 10 Concentration
58.2%
Turnover
11.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CAVA 0.75% 0.00% +0.75% $3M
AMD 0.73% 0.00% +0.73% $3M
TPL 0.59% 0.06% +0.53% $2M
VSLU 7.06% 6.56% +0.50% $30M
MTBA 10.00% 9.51% +0.49% $42M
FBND 4.52% 4.14% +0.38% $19M
GOOG 1.91% 1.54% +0.37% $8M
FRDM 2.28% 1.99% +0.29% $10M
GOOGL 1.50% 1.24% +0.26% $6M
USFR 0.52% 0.28% +0.24% $2M
AVDE 0.17% 0.00% +0.17% $711K
DFIC 3.49% 3.34% +0.14% $15M
TMSL 6.96% 6.84% +0.12% $29M
MKL 1.17% 1.07% +0.10% $5M
ACN 0.93% 0.83% +0.09% $4M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GNRC 0.00% 1.06% -1.06% $0
CFR 0.00% 0.80% -0.80% $0
PYPL 0.00% 0.71% -0.71% $0
IJH 1.52% 1.83% -0.31% $6M
VTEB 0.19% 0.50% -0.31% $813K
SGOV 1.03% 1.26% -0.23% $4M
UBER 0.89% 1.08% -0.19% $4M
DHI 0.93% 1.12% -0.19% $4M
FFIN 0.70% 0.87% -0.17% $3M
MSFT 1.51% 1.68% -0.17% $6M
SYK 1.27% 1.40% -0.14% $5M
RMD 0.68% 0.81% -0.13% $3M
META 0.80% 0.90% -0.10% $3M
IBIT 0.00% 0.10% -0.10% $0
GD 1.11% 1.21% -0.09% $5M

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 $57M 13.7%
Large Cap 42 $219M 52.2%
Mid Cap 10 $38M 9.1%
Small Cap 5 $101M 24.2%
Micro Cap 3 $4M 0.9%

Portfolio Analytics

Avg Market Cap
$485.3B
Median Market Cap
$44.2B
Avg P/E
37.7
Median P/E
24.8
Avg Dividend Yield
0.01%
Avg Beta
1.01
# Stocks
49
# ETFs / Funds
33

Top Holdings (82 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 MTBA 10.00% 831,220 $42M $50.41 $3M +50,766 +6.5%
2 DFAC 8.79% 930,471 $37M $39.59 $899K -1,299 -0.1%
3 VSLU 7.06% 668,263 $30M $44.26 $2M +33,080 +5.2%
4 TMSL 6.96% 812,081 $29M $35.90 $887K +8,354 +1.0%
5 TLH 6.28% 258,903 $26M $101.67 $319K +6,418 +2.5%
6 DFAT 6.15% 432,662 $26M $59.54 $603K +474 +0.1%
7 FBND 4.52% 411,541 $19M $46.04 $2M +41,798 +11.3%
8 DFIC 3.49% 423,675 $15M $34.46 $796K +2,686 +0.6%
9 DFEM 2.67% 337,858 $11M $33.08 $132K -6,510 -1.9%
10 FRDM 2.28% 186,331 $10M $51.27 $1M +1,164 +0.6%
11 GOOG 1.91% 25,431 $8M $313.80 $2M -678 -2.6%
12 BRK-B 1.79% 14,932 $8M $502.63 -$47K -91 -0.6%
13 TSLA 1.73% 16,077 $7M $449.72 -$103K -412 -2.5%
14 APH 1.62% 50,348 $7M $135.14 -$96K -5,409 -9.7%
15 IJH 1.52% 96,563 $6M $66.00 -$1M -19,437 -16.8%
16 MSFT 1.51% 13,067 $6M $483.64 -$620K -331 -2.5%
17 GOOGL 1.50% 20,013 $6M $312.99 $1M -1,029 -4.9%
18 SYK 1.27% 15,088 $5M $351.47 -$486K -571 -3.6%
19 V 1.21% 14,504 $5M $350.71 $111K -72 -0.5%
20 MKL 1.17% 2,280 $5M $2,149.65 $465K -41 -1.8%
21 CMI 1.12% 9,156 $5M $510.45 -$84K -2,108 -18.7%
22 GD 1.11% 13,829 $5M $336.67 -$323K -772 -5.3%
23 AMZN 1.09% 19,791 $5M $230.82 $206K -77 -0.4%
24 CVCO 1.09% 7,721 $5M $590.74 -$135K -365 -4.5%
25 WAB 1.07% 21,003 $4M $213.45 $145K -635 -2.9%
26 INTU 1.06% 6,722 $4M $662.42 -$255K -172 -2.5%
27 SGOV 1.03% 42,980 $4M $100.38 -$910K -8,899 -17.1%
28 CSL 1.01% 13,187 $4M $319.86 -$40K +244 +1.9%
29 PCAR 1.00% 38,267 $4M $109.51 $344K -856 -2.2%
30 DHI 0.93% 27,173 $4M $144.03 -$727K -208 -0.8%
31 ACN 0.93% 14,461 $4M $268.30 $445K +534 +3.8%
32 LOW 0.89% 15,497 $4M $241.16 -$187K -118 -0.8%
33 UBER 0.89% 45,439 $4M $81.71 -$754K -153 -0.3%
34 A 0.86% 26,494 $4M $136.07 $134K -551 -2.0%
35 META 0.80% 5,076 $3M $660.09 -$384K -9 -0.2%
36 UFPI 0.78% 35,814 $3M $91.05 -$341K -2,712 -7.0%
37 CAVA 0.75% 53,707 $3M $58.69 +53,707 NEW
38 NXPI 0.74% 14,185 $3M $217.06 -$129K +100 +0.7%
39 AMD 0.73% 14,270 $3M $214.16 +14,270 NEW
40 FFIN 0.70% 98,002 $3M $29.87 -$681K -9,218 -8.6%
41 RMD 0.68% 11,830 $3M $240.87 -$478K -326 -2.7%
42 NVR 0.67% 387 $3M $7,292.77 -$263K +3 +0.8%
43 EMTL 0.65% 62,823 $3M $43.32 $1K +872 +1.4%
44 IUSG 0.62% 15,379 $3M $167.94 -$95K -896 -5.5%
45 TPL 0.59% 8,584 $2M $287.22 $2M +8,314 +3079.3%
46 SFBS 0.58% 33,926 $2M $71.79 -$165K +1,639 +5.1%
47 USFR 0.52% 43,675 $2M $50.32 $1M +20,283 +86.7%
48 IJK 0.31% 13,552 $1M $96.88 -$39K -545 -3.9%
49 EFG 0.30% 11,105 $1M $113.92 -$75K -665 -5.7%
50 VOO 0.21% 1,415 $887K $627.13 $21K
51 WMT 0.21% 7,849 $874K $111.42 $66K
52 VTEB 0.19% 16,168 $813K $50.29 -$1M -25,018 -60.7%
53 AVDE 0.17% 8,638 $711K $82.32 +8,638 NEW
54 IHI 0.17% 11,380 $707K $62.15 $24K
55 AAPL 0.16% 2,467 $671K $271.86 $49K +26 +1.1%
56 RAVE 0.14% 182,800 $603K $3.30 -$2K
57 DIA 0.14% 1,250 $601K $480.57 $21K
58 BTCO 0.13% 6,210 $541K $87.17 $186K +3,091 +99.1%
59 AFL 0.12% 4,385 $484K $110.27 -$6K +2 +0.1%
60 VRSK 0.12% 2,155 $482K $223.69 -$76K -65 -2.9%
61 VEA 0.11% 7,458 $466K $62.47 $22K +43 +0.6%
62 IVV 0.11% 662 $453K $684.94 $49K +57 +9.4%
63 REI 0.10% 500,000 $435K $0.87 -$110K
64 JNJ 0.09% 1,921 $398K $206.95 $41K
65 CSCO 0.09% 5,052 $389K $77.03 $48K +73 +1.5%
66 NVDA 0.08% 1,785 $333K $186.51 -$49K -264 -12.9%
67 IWD 0.08% 1,558 $328K $210.34 $11K
68 VTI 0.08% 959 $322K $335.27 -$67K -225 -19.0%
69 YUM 0.08% 2,077 $314K $151.28 -$32K -198 -8.7%
70 KO 0.07% 4,308 $301K $69.91 $15K
71 XOM 0.07% 2,337 $281K $120.34 $18K
72 BSV 0.07% 3,527 $278K $78.81 -$353
73 MCD 0.06% 852 $260K $305.63 -$74K -250 -22.7%
74 VIG 0.06% 1,181 $260K $219.78 -$2K -30 -2.5%
75 HD 0.06% 694 $239K $344.11 -$91K -120 -14.7%
76 IUSV 0.05% 2,138 $219K $102.54 $6K
77 BKLC 0.05% 1,653 $216K $130.80 +1,653 NEW
78 IBIT —% -$422K -6,487 -100.0% SOLD
79 GNRC —% -$4M -26,138 -100.0% SOLD
80 SMMU —% -$280K -5,540 -100.0% SOLD
81 CFR —% -$3M -26,029 -100.0% SOLD
82 PYPL —% -$3M -43,485 -100.0% SOLD

New Positions

SymbolValue% Port
CAVA $3M 0.75%
AMD $3M 0.73%
AVDE $711K 0.17%
BKLC $216K 0.05%

Sold Out Positions

SymbolValue% Port
GNRC —%
CFR —%
IBIT —%
PYPL —%
SMMU —%
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