Watchman Group, Inc.

Registered adviser

CIK

1748726

Location

PLANO, TX

Portfolio Value

Small $434,251,798

Diversification

Diversified

Filing Date

Global Rank

#4,364 / 8,827 ▼ 161 · as of Jun 2026

Top Industry

Internet Content & Information 13.2%

Period ended 38 days ago

Filed Oct 16, 2026 · 22d

27 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 133690

Roster of Nov 1, 2026

Regulatory AUM

$639,740,168

Main clients

Individuals and high net worth (99% of AUM)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Nov 2026	$639,740,168	Individuals and high net worth (99%)
Mar 2025 to Mar 2026	$576,225,767	Individuals and high net worth (98%)
Apr 2024 to Feb 2025	$533,081,617	Individuals and high net worth (97%)
May 2023 to Mar 2024	$451,116,226	Individuals and high net worth (97%)
Apr 2023	$451,116,226	Individuals and high net worth (97%)
Apr 2022 to Mar 2023	$505,859,384	Individuals and high net worth (97%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.

Style

Concentrated

The top 10 positions are 71.6% of the book (60%+)

Turnover

Low turnover

14.5% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 13.8 quarters (12+), a floor since 15.6% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 82.6%; sector active share 52.1% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

72 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

22.6%

−1.6 pts

Top 5

62.7%

+3.4 pts

Top 10

74.0%

+2.4 pts

HHI

1,078

Diversified+106

Portfolio Trend

27 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	68.4%	$297,166,837	30
Technology	7.8%	$33,729,573	10
Consumer Cyclical	6.1%	$26,523,571	10
Financial Services	5.3%	$23,131,116	6
Industrials	4.5%	$19,328,534	6
Communication Services	4.2%	$18,042,693	3
Healthcare	2.0%	$8,833,090	3
Energy	0.7%	$3,151,101	1
Basic Materials	0.7%	$3,134,668	1
Consumer Defensive	0.3%	$1,210,615	2

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
APH	Amphenol Corp	+42,323	86,396	$7,283,182
SFBS	ServisFirst Bancshares, Inc.	+35,744	70,683	$2,825,906
VSLU	Applied Finance Valuation Large Cap ETF	+26,374	774,439	$37,583,524
FBND	Fidelity Total Bond ETF	+20,722	481,578	$20,852,327
DFAC	Dimensional U.S. Core Equity 2 ETF	+14,721	931,139	$41,389,128
NVDA	Nvidia Corp	+5,885	7,782	$1,777,253
CAVA	Cava Group, Inc.	+4,915	56,328	$3,047,344
AVDE	Avantis International Equity ETF	+4,073	118,750	$10,700,562
DFEM	Dimensional Emerging Markets Core Equity 2 ETF	+2,746	297,852	$11,830,681
DFIC	Dimensional International Core Equity 2 ETF	+1,557	434,821	$16,353,617
INTU	Intuit Inc.	+921	7,845	$2,162,944
AAPL	Apple Inc.	+729	3,157	$1,051,344
BRK-B	Berkshire Hathaway Inc	+308	15,366	$7,651,499
KO	Coca Cola Co	+275	4,331	$372,812
FRDM	Freedom 100 Emerging Markets ETF	+273	125,687	$8,793,062
FFIN	First Financial Bankshares Inc	+221	95,477	$3,030,439
CSCO	Cisco Systems, Inc.	+197	5,451	$586,691
WMT	Walmart Inc.	+179	8,062	$837,803
AMZN	Amazon Com Inc	+160	20,468	$5,099,602
JNJ	Johnson & Johnson	+131	2,099	$555,689
META	Meta Platforms, Inc.	+77	4,370	$3,169,036
NXPI	NXP Semiconductors N.V.	+64	14,153	$3,361,762
TPL	Texas Pacific Land Corp	+37	9,671	$3,151,101
MCD	Mcdonalds Corp	+27	902	$208,307
AFL	Aflac Inc	+11	4,396	$491,384
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
MTBA	Simplify MBS ETF	−884,766	17,488	$817,738
SGOV	iShares 0-3 Month Treasury Bond ETF	−25,303	52,811	$5,317,011
TLH	iShares 10-20 Year Treasury Bond ETF	−6,457	268,554	$24,752,622
UBER	Uber Technologies, Inc	−5,856	43,634	$2,989,365
TMSL	T. Rowe Price Small-Mid Cap ETF	−5,603	808,089	$32,889,222
DFAT	Dimensional U.S. Targeted Value ETF	−4,457	427,201	$28,383,234
PCAR	Paccar Inc	−3,233	32,587	$3,578,378
LOW	Lowes Companies Inc	−2,806	11,838	$2,181,625
IJH	iShares Core S&P Mid-Cap ETF	−2,457	12,207	$878,293
ACN	Accenture plc	−1,923	20,761	$3,806,944
USFR	WisdomTree Floating Rate Treasury Fund	−1,904	21,435	$1,080,109
WAB	Westinghouse Air Brake Technologies Corp	−1,735	16,817	$4,829,506
SYK	Stryker Corp	−979	14,048	$3,868,678
A	Agilent Technologies, Inc.	−976	25,586	$4,408,723
GOOGL	Alphabet Inc.	−849	18,470	$6,355,157
GD	General Dynamics Corp	−553	11,433	$3,793,812
TSLA	Tesla, Inc.	−355	15,690	$5,566,968
GOOG	Alphabet Inc.	−329	25,000	$8,518,500
IUSG	iShares Core S&P U.S. Growth ETF	−273	14,796	$2,866,725
UFPI	Ufp Industries Inc	−252	40,594	$3,134,668
DHI	Horton D R Inc	−249	26,861	$3,670,555
MSFT	Microsoft Corp	−158	13,389	$6,867,218
IBIT	iShares Bitcoin Trust ETF	−140	7,287	$344,966
IJK	iShares S&P Mid-Cap 400 Growth ETF	−137	12,289	$1,346,997
NOW	ServiceNow, Inc.	−133	28,676	$3,842,870
No positions match the current search.

New Positions

Positions the filer opened this quarter

3 positions

Ticker	Company	Shares	Value
IEI	iShares 3-7 Year Treasury Bond ETF	387,270	$43,931,908
AGG	iShares Core U.S. Aggregate Bond ETF	19,354	$1,829,727
TBLL	Invesco Short Term Treasury ETF	6,701	$707,357
No positions match the current search.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
XOM	ExxonMobil Holdings Corp	2,293	$313,498
BKLC	BNY Mellon US Large Cap Core Equity ETF	1,653	$237,023
CTA	EIDP, Inc.	14,589	$0
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

72 tracked positions · $434,251,798 total · filing declares 72 positions · $434,252,354 · as of Sep 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Technology

Showing 1–50 of 72 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
IEI	iShares 3-7 Year Treasury Bond ETF	NEW	387,270	NEW	$43,931,908	NEW	10.12%
DFAC	Dimensional U.S. Core Equity 2 ETF	Added	931,139	+14,721	$41,389,128	+1.8%	9.53%
VSLU	Applied Finance Valuation Large Cap ETF	Added	774,439	+26,374	$37,583,524	—	8.65%
TMSL	T. Rowe Price Small-Mid Cap ETF	Reduced	808,089	-5,603	$32,889,222	−7.8%	7.57%
DFAT	Dimensional U.S. Targeted Value ETF	Reduced	427,201	-4,457	$28,383,234	−5.9%	6.54%
TLH	iShares 10-20 Year Treasury Bond ETF	Reduced	268,554	-6,457	$24,752,622	−10.3%	5.70%
FBND	Fidelity Total Bond ETF	Added	481,578	+20,722	$20,852,327	−0.5%	4.80%
DFIC	Dimensional International Core Equity 2 ETF	Added	434,821	+1,557	$16,353,617	+1.3%	3.77%
DFEM	Dimensional Emerging Markets Core Equity 2 ETF	Added	297,852	+2,746	$11,830,681	−1.4%	2.72%
AVDE	Avantis International Equity ETF	Added	118,750	+4,073	$10,700,562	+4.6%	2.46%
FRDM	Freedom 100 Emerging Markets ETF	Added	125,687	+273	$8,793,062	−3.8%	2.02%
GOOG	Alphabet Inc. Communication Services	Reduced	25,000	-329	$8,518,500	−4.8%	1.96%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	15,366	+308	$7,651,499	+1.5%	1.76%
APH	Amphenol Corp Technology	Added	86,396	+42,323	$7,283,182	−6.3%	1.68%
MSFT	Microsoft Corp Technology	Reduced	13,389	-158	$6,867,218	+35.9%	1.58%
GOOGL	Alphabet Inc. Communication Services	Reduced	18,470	-849	$6,355,157	−8.0%	1.46%
TSLA	Tesla, Inc. Consumer Cyclical	Reduced	15,690	-355	$5,566,968	−17.5%	1.28%
V	Visa Inc. Financial Services	Reduced	14,953	-15	$5,373,061	+4.6%	1.24%
SGOV	iShares 0-3 Month Treasury Bond ETF	Reduced	52,811	-25,303	$5,317,011	−32.4%	1.22%
AMZN	Amazon Com Inc Consumer Cyclical	Added	20,468	+160	$5,099,602	+5.4%	1.17%
WAB	Westinghouse Air Brake Technologies Corp Industrials	Reduced	16,817	-1,735	$4,829,506	−3.4%	1.11%
A	Agilent Technologies, Inc. Healthcare	Reduced	25,586	-976	$4,408,723	+25.0%	1.02%
CVCO	Cavco Industries, Inc. Consumer Cyclical	Reduced	7,771	-17	$4,353,780	−9.0%	1.00%
CSL	Carlisle Companies Inc Industrials	Reduced	13,033	-81	$4,198,841	−11.7%	0.97%
SYK	Stryker Corp Healthcare	Reduced	14,048	-979	$3,868,678	−18.2%	0.89%
NOW	ServiceNow, Inc. Technology	Reduced	28,676	-133	$3,842,870	+34.4%	0.88%
ACN	Accenture plc Technology	Reduced	20,761	-1,923	$3,806,944	+34.9%	0.88%
GD	General Dynamics Corp Industrials	Reduced	11,433	-553	$3,793,812	−10.6%	0.87%
MKL	Markel Group Inc. Financial Services	Reduced	2,195	-21	$3,758,827	−13.1%	0.87%
DHI	Horton D R Inc Consumer Cyclical	Reduced	26,861	-249	$3,670,555	−16.9%	0.85%
PCAR	Paccar Inc Industrials	Reduced	32,587	-3,233	$3,578,378	−16.8%	0.82%
NXPI	NXP Semiconductors N.V. Technology	Added	14,153	+64	$3,361,762	−15.1%	0.77%
META	Meta Platforms, Inc. Communication Services	Added	4,370	+77	$3,169,036	+31.0%	0.73%
TPL	Texas Pacific Land Corp Energy	Added	9,671	+37	$3,151,101	−25.3%	0.73%
UFPI	Ufp Industries Inc Basic Materials	Reduced	40,594	-252	$3,134,668	−15.4%	0.72%
CAVA	Cava Group, Inc. Consumer Cyclical	Added	56,328	+4,915	$3,047,344	−24.5%	0.70%
FFIN	First Financial Bankshares Inc Financial Services	Added	95,477	+221	$3,030,439	−8.1%	0.70%
UBER	Uber Technologies, Inc Technology	Reduced	43,634	-5,856	$2,989,365	−16.3%	0.69%
IUSG	iShares Core S&P U.S. Growth ETF	Reduced	14,796	-273	$2,866,725	+1.1%	0.66%
SFBS	ServisFirst Bancshares, Inc. Financial Services	Added	70,683	+35,744	$2,825,906	−6.8%	0.65%
CMI	Cummins Inc Industrials	Reduced	4,965	-127	$2,564,770	−29.4%	0.59%
LOW	Lowes Companies Inc Consumer Cyclical	Reduced	11,838	-2,806	$2,181,625	−32.4%	0.50%
INTU	Intuit Inc. Technology	Added	7,845	+921	$2,162,944	+19.7%	0.50%
AGG	iShares Core U.S. Aggregate Bond ETF	NEW	19,354	NEW	$1,829,727	NEW	0.42%
NVDA	Nvidia Corp Technology	Added	7,782	+5,885	$1,777,253	+368.2%	0.41%
NVR	Nvr Inc Consumer Cyclical	Added	282	+8	$1,735,537	−7.0%	0.40%
IJK	iShares S&P Mid-Cap 400 Growth ETF	Reduced	12,289	-137	$1,346,997	−7.7%	0.31%
USFR	WisdomTree Floating Rate Treasury Fund	Reduced	21,435	-1,904	$1,080,109	−8.1%	0.25%
AAPL	Apple Inc. Technology	Added	3,157	+729	$1,051,344	+49.6%	0.24%
VOO	VANGUARD 500 INDEX FUND	Held	1,370	0	$960,178	+2.0%	0.22%

Showing the top 50 of 72 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.