Watchman Group, Inc.
Sector Allocation
- Other67.9%$294.7M
- Technology12.1%$52.4M
- Financials6.5%$28.4M
- Industrials6.4%$27.7M
- Consumer Discretionary3.9%$16.8M
- Healthcare2.0%$8.8M
- Materials1.0%$4.2M
- Consumer Staples0.3%$1.2M
AUM History
13fpro.ai/research/fund/watchman-group-inc-1748726
Conviction and streaks
Stable · top 10 = 61.9%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q3 2026
- ISHARES$43.9M
- DIMENSIONAL$41.4M
- ETF$37.6M
- T$32.9M
- DIMENSIONAL$28.4M
- ISHARES$24.8M
- FIDELITY$20.9M
- DIMENSIONAL$16.4M
- DIMENSIONAL$11.8M
- AMERICAN$10.7M
- EA$8.8M
GOOG
$8.5MBRK.B
$7.7MAPH
$7.3MMSFT
$6.9MGOOGL
$6.4MTSLA
$5.6MV
$5.4M- ISHARES$5.3M
AMZN
$5.1M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/watchman-group-inc-1748726
Watchman Group, Inc. 13F holdings — Q3 2026
$434.3M portfolio (-2.9% QoQ) · 72 holdings · Q3 2026 13F · top 10 are 62% of the stock portfolio
- 1
ISHARES TR - 3 7 YR TREAS BD
$43.9M
10.1% of stocks
NewThis quarter—Since filedNew this quarterHeldAIQuality—Est. buy— - 2
DIMENSIONAL ETF TRUST - US COR EQU 2 ETF
$41.4M
9.5% of stocks
+2%This quarter—Since filed—HeldAIQuality—Est. buy— - 3
ETF OPPORTUNITIES TRUST - APPLIED FINA VAL
$37.6M
8.7% of stocks
+4%This quarter—Since filed—HeldAIQuality—Est. buy— - 4
T ROWE PRICE EXCHANGE-TRADED - SMALL MID CAP
$32.9M
7.6% of stocks
-0.7%This quarter—Since filed—HeldAIQuality—Est. buy— - 5
DIMENSIONAL ETF TRUST - US TARGETED VLU
$28.4M
6.5% of stocks
-1%This quarter—Since filed—HeldAIQuality—Est. buy— - 6
ISHARES TR - 10-20 YR TRS ETF
$24.8M
5.7% of stocks
-2%This quarter—Since filed—HeldAIQuality—Est. buy— - 7
FIDELITY MERRIMACK STR TR - TOTAL BD ETF
$20.9M
4.8% of stocks
+4%This quarter—Since filed—HeldAIQuality—Est. buy— - 8
DIMENSIONAL ETF TRUST - INTL CORE EQUITY
$16.4M
3.8% of stocks
+0.4%This quarter—Since filed—HeldAIQuality—Est. buy— - 9
DIMENSIONAL ETF TRUST - EMERGING MKTS CO
$11.8M
2.7% of stocks
+0.9%This quarter—Since filed—HeldAIQuality—Est. buy— - 10
AMERICAN CENTY ETF TR - INTL EQT ETF
$10.7M
2.5% of stocks
+4%This quarter—Since filed—HeldAIQuality—Est. buy—
| # | Company | Value | Weight | This quarter | Since filed | Held | AI quality | Est. buy | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | ISHARES TR - 3 7 YR TREAS BD | $43.9M | 10.1% | New | — | New this quarter | — | — | |
| 2 | DIMENSIONAL ETF TRUST - US COR EQU 2 ETF | $41.4M | 9.5% | +2% | — | — | — | — | |
| 3 | ETF OPPORTUNITIES TRUST - APPLIED FINA VAL | $37.6M | 8.7% | +4% | — | — | — | — | |
| 4 | T ROWE PRICE EXCHANGE-TRADED - SMALL MID CAP | $32.9M | 7.6% | -0.7% | — | — | — | — | |
| 5 | DIMENSIONAL ETF TRUST - US TARGETED VLU | $28.4M | 6.5% | -1% | — | — | — | — | |
| 6 | ISHARES TR - 10-20 YR TRS ETF | $24.8M | 5.7% | -2% | — | — | — | — | |
| 7 | FIDELITY MERRIMACK STR TR - TOTAL BD ETF | $20.9M | 4.8% | +4% | — | — | — | — | |
| 8 | DIMENSIONAL ETF TRUST - INTL CORE EQUITY | $16.4M | 3.8% | +0.4% | — | — | — | — | |
| 9 | DIMENSIONAL ETF TRUST - EMERGING MKTS CO | $11.8M | 2.7% | +0.9% | — | — | — | — | |
| 10 | AMERICAN CENTY ETF TR - INTL EQT ETF | $10.7M | 2.5% | +4% | — | — | — | — |
All holdings — Watchman Group, Inc. (Q3 2026)
72 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | — | EA SERIES TRUST - FREEDOM 100 EM | — | $8.8M | 2.0% | 126K | +0.2% | — | — | 13F |
| 12 | Alphabet Inc. | Technology | $8.5M | 2.0% | 25K | -1% | 11+ qtrsTrimmed 2 qtrs in a row | 77.7 | 13F | |
| 13 | BERKSHIRE HATHAWAY INC | Financials | $7.7M | 1.8% | 15K | +2% | 11+ qtrs | 73.5 | 13F | |
| 14 | AMPHENOL CORP /DE/ | Technology | $7.3M | 1.7% | 86K | +96% | 11+ qtrsTrimmed 10 qtrs in a row | 79.2 | 13F | |
| 15 | MICROSOFT CORP | Technology | $6.9M | 1.6% | 13K | -1% | 11+ qtrs | 79.8 | 13F | |
| 16 | Alphabet Inc. | Technology | $6.4M | 1.5% | 18K | -4% | 11+ qtrsTrimmed 4 qtrs in a row | 77.7 | 13F | |
| 17 | Tesla, Inc. | Consumer Discretionary | $5.6M | 1.3% | 16K | -2% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | VISA INC. | Financials | $5.4M | 1.2% | 15K | -0.1% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | — | ISHARES TR - 0-3 MTH TREASURYetf/fund | — | $5.3M | 1.2% | 53K | -32% | — | — | 13F |
| 20 | AMAZON COM INC | Consumer Discretionary | $5.1M | 1.2% | 20K | +0.8% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP | Industrials | $4.8M | 1.1% | 17K | -9% | 11+ qtrsTrimmed 10 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | AGILENT TECHNOLOGIES, INC. | Healthcare | $4.4M | 1.0% | 26K | -4% | 5 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | CAVCO INDUSTRIES, INC. | Industrials | $4.4M | 1.0% | 7,771 | -0.2% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | CARLISLE COMPANIES INC | Materials | $4.2M | 1.0% | 13K | -0.6% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | STRYKER CORP | Healthcare | $3.9M | 0.9% | 14K | -7% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $NOW | ServiceNow, Inc. | Technology | $3.8M | 0.9% | 29K | -0.5% | |||
| 27 | $ACN | Accenture plc | Technology | $3.8M | 0.9% | 21K | -8% | |||
| 28 | $GD | GENERAL DYNAMICS CORP | Industrials | $3.8M | 0.9% | 11K | -5% | |||
| 29 | $MKL | MARKEL GROUP INC. | Financials | $3.8M | 0.9% | 2,195 | -0.9% | |||
| 30 | $DHI | HORTON D R INC /DE/ | Industrials | $3.7M | 0.8% | 27K | -0.9% | |||
| 31 | $PCAR | PACCAR INC | Industrials | $3.6M | 0.8% | 33K | -9% | |||
| 32 | $NXPI | NXP Semiconductors N.V. | Technology | $3.4M | 0.8% | 14K | +0.5% | |||
| 33 | $META | Meta Platforms, Inc. | Technology | $3.2M | 0.7% | 4,370 | +2% | |||
| 34 | $TPL | Texas Pacific Land Corp | Financials | $3.2M | 0.7% | 9,671 | +0.4% | |||
| 35 | $UFPI | UFP INDUSTRIES INC | Industrials | $3.1M | 0.7% | 41K | -0.6% | |||
| 36 | $CAVA | CAVA GROUP, INC. | Consumer Discretionary | $3.0M | 0.7% | 56K | +10% | |||
| 37 | $FFIN | FIRST FINANCIAL BANKSHARES INC | Financials | $3.0M | 0.7% | 95K | +0.2% | |||
| 38 | $UBER | Uber Technologies, Inc | Technology | $3.0M | 0.7% | 44K | -12% | |||
| 39 | — | ISHARES TR - CORE S&P US GWT | — | $2.9M | 0.7% | 15K | -2% | |||
| 40 | $SFBS | ServisFirst Bancshares, Inc. | Financials | $2.8M | 0.7% | 71K | +102% | |||
| 41 | $CMI | CUMMINS INC | Industrials | $2.6M | 0.6% | 4,965 | -2% | |||
| 42 | $LOW | LOWES COMPANIES INC | Consumer Discretionary | $2.2M | 0.5% | 12K | -19% | |||
| 43 | $INTU | INTUIT INC. | Technology | $2.2M | 0.5% | 7,845 | +13% | |||
| 44 | — | ISHARES TR - CORE US AGGBD ET | — | $1.8M | 0.4% | 19K | New | |||
| 45 | $NVDA | NVIDIA CORP | Technology | $1.8M | 0.4% | 7,782 | +310% | |||
| 46 | $NVR | NVR INC | Industrials | $1.7M | 0.4% | 282 | +3% | |||
| 47 | — | ISHARES TR - S&P MC 400GR ETF | — | $1.3M | 0.3% | 12K | -1% | |||
| 48 | $WT | WisdomTree, Inc. | Financials | $1.1M | 0.3% | 21K | -8% | |||
| 49 | $AAPL | Apple Inc. | Technology | $1.1M | 0.2% | 3,157 | +30% | |||
| 50 | — | VANGUARD INDEX FDS - S&P 500 ETF SHS | — | $960K | 0.2% | 1,370 | — | |||
| 51 | — | ISHARES TR - CORE S&P MCP ETF | — | $878K | 0.2% | 12K | -17% | |||
| 52 | $WMT | Walmart Inc. | Consumer Staples | $838K | 0.2% | 8,062 | +2% | |||
| 53 | — | SIMPLIFY EXCHANGE TRADED FUN - MBS ETF | — | $818K | 0.2% | 17K | -98% | |||
| 54 | $IVZ | Invesco Ltd. | Financials | $707K | 0.2% | 6,701 | New | |||
| 55 | — | STATE STR SPDR DOW JONES IND - UT SER 1 | — | $636K | 0.1% | 1,250 | — | |||
| 56 | $CSCO | CISCO SYSTEMS, INC. | Technology | $587K | 0.1% | 5,451 | +4% | |||
| 57 | — | ISHARES TR - U.S. MED DVC ETF | — | $582K | 0.1% | 11K | — | |||
| 58 | $JNJ | JOHNSON & JOHNSON | Healthcare | $556K | 0.1% | 2,099 | +7% | |||
| 59 | — | VANGUARD TAX-MANAGED FDS - VAN FTSE DEV MKT | — | $527K | 0.1% | 7,458 | — | |||
| 60 | — | ISHARES TR - CORE S&P500 ETF | — | $500K | 0.1% | 653 | — | |||
| 61 | $AFL | AFLAC INC | Financials | $491K | 0.1% | 4,396 | +0.3% | |||
| 62 | $RAVE | RAVE RESTAURANT GROUP, INC. | Consumer Discretionary | $420K | 0.1% | 183K | — | |||
| 63 | $KO | COCA COLA CO | Consumer Staples | $373K | 0.1% | 4,331 | +7% | |||
| 64 | $VRSK | Verisk Analytics, Inc. | Technology | $363K | 0.1% | 2,164 | +0.4% | |||
| 65 | $IBIT | iShares Bitcoin Trust ETF | Financials | $345K | 0.1% | 7,287 | -2% | |||
| 66 | — | ISHARES TR - RUS 1000 VAL ETF | — | $336K | 0.1% | 1,357 | — | |||
| 67 | $META | Meta Platforms, Inc. | Technology | $290K | 0.1% | 3,802 | — | |||
| 68 | $YUM | YUM BRANDS INC | Consumer Discretionary | $239K | 0.1% | 1,756 | -1% | |||
| 69 | — | ISHARES TR - EAFE GRWTH ETF | — | $238K | 0.1% | 1,983 | — | |||
| 70 | — | ISHARES TR - CORE S&P US VLU | — | $236K | 0.1% | 2,138 | — | |||
| 71 | $QQQ | INVESCO QQQ TRUST, SERIES 1 | — | $213K | 0.1% | 288 | — | |||
| 72 | $MCD | MCDONALDS CORP | Consumer Discretionary | $208K | 0.1% | 902 | +3% |
What changed in Q3 2026
Against the previous quarter's 13F: 3 new, 27 added to, 31 trimmed, 4 sold out. Share-count changes; largest moves by dollar size first.
New positions (3)
- ISHARES TR - 3 7 YR TREAS BD$43.9M
first bought this quarter
- ISHARES TR - CORE US AGGBD ET$1.8M
first bought this quarter
$IVZInvesco Ltd.$707K
first bought this quarter
Added to (27)
now $7.3M · held 11+ qtrs
$SFBSServisFirst Bancshares, Inc.+102%
now $2.8M · held 5 qtrs, 2 adds in a row
$NVDANVIDIA CORP+310%
now $1.8M · held 8 qtrs
- ETF OPPORTUNITIES TRUST - APPLIED FINA VAL+4%
now $37.6M
- FIDELITY MERRIMACK STR TR - TOTAL BD ETF+4%
now $20.9M
- DIMENSIONAL ETF TRUST - US COR EQU 2 ETF+2%
now $41.4M
+21 more in the Excel export
Trimmed (31)
- SIMPLIFY EXCHANGE TRADED FUN - MBS ETF-98%
now $818K
- ISHARES TR - 0-3 MTH TREASURY-32%
now $5.3M
- ISHARES TR - 10-20 YR TRS ETF-2%
now $24.8M
$LOWLOWES COMPANIES INC-19%
now $2.2M · held 11+ qtrs, 3 trims in a row
$WABWESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP-9%
now $4.8M · held 11+ qtrs, 10 trims in a row
$UBERUber Technologies, Inc-12%
now $3.0M · held 7 qtrs
+25 more in the Excel export
Sold out (4)
- SSGA ACTIVE TR - ST STR MARKE ETFwas $2.9M
- SIMPLIFY EXCHANGE TRADED FUN - MANAGED FUTURESwas $378K
$XOM.R34088EXXON MOBIL CORPwas $313K
held 10+ qtrs
- BNY MELLON ETF TRUST - US LRG CP COREwas $237K
Holdings by quarter
Every 13F Watchman Group, Inc. has filed, 27 earlier quarters. Pick one to see what it held then.
Is it too late to follow Watchman Group?
Q3 2026 13F filed with the SEC on Oct 16, 2026. Prices are closing prices as of Oct 27, 2026.
Average quality of Watchman Group's top 20 holdings: 70/100 (our AI quality score, weighted by position size; 19 of the 20 are scored)
Top 10 since filing
-0.2%
Value-weighted move of the 10 largest stock positions
Turnover
12%
Last quarter; 23% over the last 4
Top 10 weight
62%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
96%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
Watchman Group, Inc. disclosed 72 positions worth $434.3M in its Form 13F-HR for Q3 2026. During the quarter the fund opened 3 new positions and exited 4. The portfolio is most concentrated in Other (67.9% of disclosed assets). All figures are sourced directly from Watchman Group, Inc.’s Form 13F-HR filing with the SEC under CIK 1748726.
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