1y return+16.0%S&P 500 +20.9%
3y return+42.3%S&P 500 +68.5%
5y return+27.7%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2019: $175 against $232 in the S&P 500.2
Watchman Group, Inc.S&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| MTBASimplify Exchange Traded Fun | $44.3M | 9.9% | +2.8% |
| Dimensional Etf TrustCUSIP 25434V708 | $40.7M | 9.1% | +1.1% |
| TMSLT Rowe Price Exchange-traded | $35.7M | 8.0% | |
| VSLUEtf Opportunities Trust | $34.6M | 7.7% | +4.0% |
| Dimensional Etf TrustCUSIP 25434V609 | $30.2M | 6.7% | |
| TLHIshares Tr | $27.6M | 6.2% | +1.5% |
| FBNDFidelity Merrimack Str Tr | $21.0M | 4.7% | +4.2% |
| DFICDimensional Etf Trust | $16.1M | 3.6% | |
| DFEMDimensional Etf Trust | $12.0M | 2.7% | −10.6% |
| AVDEAmerican Centy Etf Tr | $10.2M | 2.3% | +7.2% |
| FRDMEa Series Trust | $9.1M | 2.0% | −26.7% |
| GOOGAlphabet Inc | $8.9M | 2.0% | −1.6% |
| SGOVIshares Tr | $7.9M | 1.8% | +16.9% |
| APHAmphenol Corp | $7.8M | 1.7% | −2.8% |
| BRK/BBerkshire Hathaway Inc Del | $7.5M | 1.7% | |
| GOOGLAlphabet Inc | $6.9M | 1.5% | −2.2% |
| TSLATesla Inc | $6.7M | 1.5% | |
| VVisa Inc | $5.1M | 1.1% | +2.3% |
| MSFTMicrosoft Corp | $5.1M | 1.1% | |
| WABWabtec | $5.0M | 1.1% | −6.7% |
| AMZNAmazon Com Inc | $4.8M | 1.1% | +1.8% |
| CVCOCavco Inds Inc Del | $4.8M | 1.1% | +1.4% |
| CSLCarlisle Cos Inc | $4.8M | 1.1% | |
| SYKStryker Corporation | $4.7M | 1.1% | |
| DHID R Horton Inc | $4.4M | 1.0% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| APHAmphenol Corp | June 30, 2020 | +636.1% | $7.8M |
| GOOGLAlphabet Inc | June 30, 2020 | +404.0% | $6.9M |
| GOOGAlphabet Inc | June 30, 2020 | +399.9% | $8.9M |
| CSLCarlisle Cos Inc | June 30, 2020 | +203.1% | $4.8M |
| CMICummins Inc | December 31, 2023 | +197.7% | $3.6M |
| DHID R Horton Inc | June 30, 2020 | +193.8% | $4.4M |
| FRDMEa Series Trust | September 30, 2023 | +157.5% | $9.1M |
| WABWabtec | June 30, 2023 | +145.8% | $5.0M |
| CVCOCavco Inds Inc Del | September 30, 2023 | +131.3% | $4.8M |
| AMZNAmazon Com Inc | March 31, 2023 | +130.7% | $4.8M |
Sold off last quarter
- AMDAdvanced Micro Devices Inc was $2.9M
- BTCOInvesco Galaxy Bitcoin Etf was $419K
- VTIVanguard Index Fds was $240K
- VIGVanguard Specialized Funds was $234K
- HDHome Depot Inc was $224K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +9.9% | +14.8% |
| March 31, 2026 | −2.0% | −4.6% |
| December 31, 2025 | +1.6% | +2.4% |
| September 30, 2025 | +6.0% | +7.8% |
| June 30, 2025 | +6.9% | +10.5% |
| March 31, 2025 | −3.4% | −4.6% |
| December 31, 2024 | −0.8% | +2.1% |
| September 30, 2024 | +5.6% | +5.4% |
| June 30, 2024 | −0.6% | +4.0% |
| March 31, 2024 | +6.0% | +10.0% |
| December 31, 2023 | +10.2% | +11.2% |
| September 30, 2023 | −2.3% | −3.6% |
| June 30, 2023 | +5.1% | +8.3% |
| March 31, 2023 | +3.8% | +7.0% |
| December 31, 2022 | +5.6% | +7.1% |
| September 30, 2022 | −3.7% | −5.3% |
| June 30, 2022 | −15.3% | −16.5% |
| March 31, 2022 | −9.0% | −4.9% |
| December 31, 2021 | +7.6% | +10.7% |
| September 30, 2021 | −2.5% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Watchman Group, Inc. Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1748726&type=13F-HR&dateb=&owner=include&count=40CIK 1748726
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1748726/000208585326000859/Filed July 27, 2026 · accession 0002085853-26-000859