Stocks/Funds/CIK 1748726

Watchman Group, Inc.

long-term holder
Quarterly 13F filings · Latest period 2026-03-31 · CIK 1748726
Assets
$413M
+15.8% YoY
Holdings
72
Lifetime alpha vs market
-2.19% annual
Average hold time
4.2 yr
median 4.3 yr

Quarterly history

Cum return +39% vs S&P +52% · α -13% lifetimeAUM $413M · peak $419MFlow $17M (+4%)2019-122020-122021-122022-122023-122024-122025-122026-03
AUM ($B)fundS&P 500(gap = α)/ Flow in/out

Behavior signals (lifetime)

Dip response
+1.23%
adds when stocks drop
when a holding falls −10%+
Middle response
-3.39%
baseline attrition
Rally response
-1.28%
trims into rallies
when a holding rises +10%+

Top positions · 30

Ticker$ value% portYoYHold time
MTBASimplify MBS ETF$43M10.5%2.3 yr
DFACDimensional - US Core Eq$35M8.5%2.8 yr
VSLUApplied Finance Valuatio$30M7.3%2.3 yr
TMSLT. Rowe Price Small-Mid $30M7.2%2.5 yr
TLHiShares 10-20 Year Treas$27M6.6%1.0 yr
DFATDimensional - US Targete$27M6.5%4.8 yr
FBNDFidelity Total Bond ETF$20M4.9%2.8 yr
DFICDimensional - Internatio$15M3.7%2.3 yr
DFEMDimensional - Emerging M$11M2.8%3.8 yr
FRDMFreedom 100 Emerging Mar$9M2.3%2.8 yr
AVDEAvantis International Eq$9M2.2%0.5 yr
GOOGAlphabet Inc.$7M1.8%+84.3%6.5 yr
BRK-BBerkshire Hathaway Inc.$7M1.7%6.3 yr
SGOViShares 0-3 Month Treasu$7M1.6%2.8 yr
TSLATesla, Inc.$6M1.4%+43.4%6.0 yr

Portfolio composition (YoY)

Industry mix
Asset Management54.5%-3.1pp$225M
Asset Management - Bonds13.1%+8.1pp$54M
Internet Content & Information3.9%+1.0pp$16M
Residential Construction2.4%-0.5pp$10M
Insurance - Diversified1.7%-0.6pp$7M
Industrial - Machinery1.7%-1.4pp$7M
Software - Application1.6%-0.5pp$7M
Semiconductors1.5%+0.6pp$6M
Auto - Manufacturers1.4%+0.2pp$6M
Hardware, Equipment & Parts1.4%+0.2pp$6M
Country
US98.5%+0.5pp
NL0.7%-0.0pp
IE0.7%-0.4pp
Top 5: 40.1% · Top 10: 60.3% · Top 25: 80.8%

Winners

TickerPrev $PnLYoY %
APH$4M+0.00B93.6%
GOOG$4M+0.00B84.3%
TSLA$4M+0.00B43.4%
WAB$4M+0.00B38.5%
GD$4M+0.00B27.8%

Losers

TickerPrev $PnLYoY %
V$5M-0.00B-13.1%
SYK$6M-0.00B-11.1%
CVCO$4M-0.00B-6.8%
CSL$4M-0.00B-0.9%
MSFT$5M-0.00B-0.6%

Top buys this quarter · 15

TPL Texas Pacific Land Corporation+$0M
UBER Uber Technologies, Inc.+$4M
NXPI NXP Semiconductors N.V.+$3M
INTU Intuit Inc.+$3M
UFPI UFP Industries, Inc.+$0M
MSFT Microsoft Corporation+$5M
ACN Accenture plc+$3M
GOOG Alphabet Inc.+$7M
V Visa Inc.+$4M
AMZN Amazon.com, Inc.+$4M

Top sells this quarter · 15

RMD ResMed Inc.exit$3M
CMI Cummins Inc.$2M
REI Ring Energy, Inc.exit$1M
APH Amphenol Corporation$1M
WAB Westinghouse Air Brake Technol$4M
GD General Dynamics Corporation$0M
PCAR PACCAR Inc$0M
LOW Lowe's Companies, Inc.$0M
MKL Markel Corporation$0M
NVR NVR, Inc.$0M

Quarterly history (TTM returns)

PeriodAUM# PosReturn (1yr)SPY (1yr)Alpha (1yr)Flow
2026-03-31$413M72+12.34%+17.59%-5.26%+0.02B
2025-12-31$419M76+12.17%+17.72%-5.55%+0.00B
2025-09-30$413M77+11.81%+17.52%-5.70%+0.00B
2025-06-30$383M76+13.39%+14.94%-1.55%-0.01B
2025-03-31$357M79+1.58%+8.30%-6.72%-0.00B
2024-12-31$380M83+17.22%+24.89%-7.67%-0.00B
2024-09-30$383M80+31.47%+36.04%-4.57%+0.04B
2024-06-30$313M79+17.86%+24.49%-6.63%+0.01B
2024-03-31$304M82+30.70%+29.62%+1.07%-0.03B
2023-12-31$303M78+26.82%+26.18%+0.64%+0.04B
2023-09-30$235M72+18.83%+21.57%-2.73%+0.04B
2023-06-30$202M65+18.44%+19.42%-0.98%-0.00B
2023-03-31$187M65-6.60%-7.82%+1.22%-0.00B
2022-12-31$181M67+5.64%+7.56%-1.92%+0.01B
2022-09-30$159M68-3.05%-4.93%+1.88%+0.00B
2022-06-30$162M67-13.86%-16.11%+2.25%+0.02B