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Portfolio (Quarterly) Guide ↗

Watchman Group, Inc.

· CIK 0001748726
13F Portfolio $419M AUM 77 positions Filed Feb 6, 2026 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 4 New 20 Added 34 Reduced 5 Exited
Page 3 of 4  ·  77 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
41 RMD RESMED INC Healthcare 11,830.0 $2.8M 0.68% -326.0 -2.7% $240.87 -13.6%
42 NVR NVR INC Consumer Cyclical 387.0 $2.8M 0.67% +3.0 +0.8% $7292.77 -17.2%
43 EMTL SSGA ACTIVE TR 62,823.0 $2.7M 0.65% +872.0 +1.4% $43.32 -1.5%
44 IUSG ISHARES TR 15,379.0 $2.6M 0.62% -896.0 -5.5% $167.94 +11.1%
45 TPL TEXAS PACIFIC LAND CORPORATI Energy 8,584.0 $2.5M 0.59% +8K +3079.3% $287.22 +40.0%
46 SFBS SERVISFIRST BANCSHARES INC Financial Services 33,926.0 $2.4M 0.58% +2K +5.1% $71.79 +7.8%
47 USFR WISDOMTREE TR 43,675.0 $2.2M 0.53% +20K +86.7% $50.32 +0.3%
48 IJK ISHARES TR 13,552.0 $1.3M 0.31% -545.0 -3.9% $96.88 +15.4%
49 EFG ISHARES TR 11,105.0 $1.3M 0.30% -665.0 -5.7% $113.92 +6.6%
50 VOO VANGUARD INDEX FDS 1,415.0 $887K 0.21% $627.13 +9.3%
51 WMT WALMART INC Consumer Defensive 7,849.0 $874K 0.21% $111.42 +7.9%
52 VTEB VANGUARD MUN BD FDS 16,168.0 $813K 0.19% -25K -60.7% $50.29 -0.8%
53 AVDE AMERICAN CENTY ETF TR 8,638.0 $711K 0.17% NEW $82.32 +10.3%
54 IHI ISHARES TR 11,380.0 $707K 0.17% $62.15 -18.6%
55 AAPL APPLE INC Technology 2,467.0 $671K 0.16% +26.0 +1.1% $271.86 +13.6%
56 RAVE RAVE RESTAURANT GROUP INC Consumer Cyclical 182,800.0 $603K 0.14% $3.30 -12.4%
57 DIA SPDR DOW JONES INDL AVERAGE Financial Services 1,250.0 $601K 0.14% $480.57 +5.3%
58 BTCO INVESCO GALAXY BITCOIN ETF Financial Services 6,210.0 $541K 0.13% +3K +99.1% $87.17 -13.5%
59 AFL AFLAC INC Financial Services 4,385.0 $484K 0.12% $110.27 +6.9%
60 VRSK VERISK ANALYTICS INC Industrials 2,155.0 $482K 0.12% -65.0 -2.9% $223.69 -23.5%
Page 3 of 4  ·  77 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 23.2%
Consumer Cyclical 22.2%
Industrials 16.1%
Communication Services 12.5%
Financial Services 12.0%
Healthcare 8.6%
Energy 2.3%
Basic Materials 2.3%
Consumer Defensive 0.8%