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Livermore
Livermore
ZHEN

Watchman Group, Inc.

SEC CIK
0001748726
Latest filing
Jul 24, 2026

The latest 13F from Watchman Group, Inc. covers Q2 2026 (filed Jul 24, 2026): 73 long positions worth $447.4M. The top 10 holdings make up 60.9% of the portfolio, and the largest is Simplify Exchange Traded Fun at 9.9%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
5
Est. +$3.93M
Added
28
Est. +$8.25M
Reduced
30
Est. −$9.74M
Sold out
5
Est. −$3.98M

Top 5 holdings

Share of this quarter's portfolio value

  1. Simplify Exchange Traded Fun82889N525
    9.9%$44.3M
  2. Dimensional U.S. Core Equity 2 ETF25434V708
    9.1%$40.7M
  3. T Rowe Price Exchange-Traded87283Q826
    8.0%$35.7M
  4. ETF Opportunities Trust26923N405
    7.7%$34.6M
  5. Dimensional U.S. Targeted Value ETF25434V609
    6.7%$30.2M

Biggest buys

New and added positions, by estimated amount bought

  1. NOWServiceNow, Inc.
    +$2.86MNewHistory
  2. ETF Opportunities Trust26923N405
    +$1.34MAdded
  3. Simplify Exchange Traded Fun82889N525
    +$1.20MAdded
  4. iShares Tr46436E718
    +$1.14MAdded
  5. ACNAccenture plc
    +$943.4KAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. T Rowe Price Exchange-Traded87283Q826
    +0.78 pp7.2% → 8.0%
  2. NOWServiceNow, Inc.
    +0.64 pp0.0% → 0.6%History
  3. Dimensional U.S. Core Equity 2 ETF25434V708
    +0.56 pp8.5% → 9.1%
  4. ETF Opportunities Trust26923N405
    +0.46 pp7.3% → 7.7%
  5. Dimensional U.S. Targeted Value ETF25434V609
    +0.24 pp6.5% → 6.7%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Ea Series Trust02072L607
    −$3.34MReduced
  2. AMDAdvanced Micro Devices Inc
    −$2.86MSold outHistory
  3. Dimensional ETF Trust25434V732
    −$1.43MReduced
  4. iShares Core S&P Mid-Cap ETF464287507
    −$1.20MReduced
  5. NVRNVR Inc
    −$688.2KReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. AMDAdvanced Micro Devices Inc
    −0.69 pp0.7% → 0.0%History
  2. INTUIntuit Inc.
    −0.35 pp0.8% → 0.4%History
  3. iShares Core S&P Mid-Cap ETF464287507
    −0.24 pp0.5% → 0.3%
  4. Ea Series Trust02072L607
    −0.22 pp2.3% → 2.0%
  5. NVRNVR Inc
    −0.18 pp0.6% → 0.4%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$447.4M
+$34.2M (+8.3%) vs. prior quarter
Positions
73
0 vs. prior quarter
Top 10 concentration
60.9%
Top 10 as share of value
Turnover
2.8%
Q2 2026, one quarter
Average holding period
12.7 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $447.4M (Q2 2026)

Q1 2021: $162.2MQ2 2021: $171.3MQ3 2021: $155.2MQ4 2021: $190.8MQ1 2022: $168.6MQ2 2022: $162.2MQ3 2022: $159.0MQ4 2022: $181.1MQ1 2023: $191.7MQ2 2023: $201.8MQ3 2023: $235.4MQ4 2023: $303.4MQ1 2024: $330.9MQ2 2024: $313.2MQ3 2024: $383.6MQ4 2024: $380.8MQ1 2025: $356.8MQ2 2025: $383.6MQ3 2025: $413.1MQ4 2025: $418.9MQ1 2026: $413.2MQ2 2026: $447.4M
Q1 2021Q2 2026
13F filings of Watchman Group, Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 24, 202673$447.4MSimplify Exchange Traded FunDimensional U.S. Core Equity 2 ETFT Rowe Price Exchange-Tradedvs. Q1 2026SEC
Q1 2026Apr 20, 202673$413.2MSimplify Exchange Traded FunDimensional U.S. Core Equity 2 ETFETF Opportunities Trustvs. Q4 2025SEC
Q4 2025Feb 6, 202677$418.9MSimplify Exchange Traded FunDimensional U.S. Core Equity 2 ETFETF Opportunities Trustvs. Q3 2025SEC
Q3 2025Nov 13, 202578$413.1MSimplify Exchange Traded FunDimensional U.S. Core Equity 2 ETFT Rowe Price Exchange-Tradedvs. Q2 2025SEC
Q2 2025Aug 12, 202577$383.6MSimplify Exchange Traded FunDimensional U.S. Core Equity 2 ETFT Rowe Price Exchange-Tradedvs. Q1 2025SEC
Q1 2025May 13, 202580$356.8MSimplify Exchange Traded FunDimensional U.S. Core Equity 2 ETFT Rowe Price Exchange-Tradedvs. Q4 2024SEC
Q4 2024Feb 12, 202584$380.8MiShares TrDimensional U.S. Core Equity 2 ETFSimplify Exchange Traded Funvs. Q3 2024SEC
Q3 2024Nov 12, 202481$383.6MiShares TrDimensional U.S. Core Equity 2 ETFSimplify Exchange Traded Funvs. Q2 2024SEC
Q2 2024Aug 14, 202479$313.2MDimensional U.S. Core Equity 2 ETFiShares TrSimplify Exchange Traded Funvs. Q1 2024SEC
Q1 2024May 9, 202483$330.9MDimensional U.S. Core Equity 2 ETFInvesco Exch Traded FD Tr IIVanguard Short-Term Bond ETFvs. Q4 2023SEC
Q4 2023Feb 13, 202478$303.4MVanguard Short-Term Bond ETFDimensional U.S. Core Equity 2 ETFDimensional U.S. Targeted Value ETFvs. Q3 2023SEC
Q3 2023Nov 9, 202372$235.4MVanguard Short-Term Bond ETFDimensional U.S. Core Equity 2 ETFDimensional U.S. Targeted Value ETFvs. Q2 2023SEC
Q2 2023Aug 10, 202365$201.8MVanguard Short-Term Bond ETFDimensional U.S. Targeted Value ETFDimensional ETF Trustvs. Q1 2023SEC
Q1 2023May 11, 202366$191.7MVanguard Short-Term Bond ETFVanguard Intermediate-Term Corporate Bond ETFDimensional U.S. Targeted Value ETFvs. Q4 2022SEC
Q4 2022Feb 9, 202367$181.1MVanguard Short-Term Bond ETFVanguard Intermediate-Term Corporate Bond ETFDimensional U.S. Targeted Value ETFvs. Q3 2022SEC
Q3 2022Nov 15, 202268$159.0MVanguard Short-Term Bond ETFVanguard Intermediate-Term Corporate Bond ETFDimensional U.S. Targeted Value ETFvs. Q2 2022SEC
Q2 2022Aug 11, 202268$162.2MVanguard Intermediate-Term Corporate Bond ETFVanguard Short-Term Bond ETFDimensional U.S. Targeted Value ETFvs. Q1 2022SEC
Q1 2022May 16, 202273$168.6MDimensional U.S. Targeted Value ETFBRK.BDimensional ETF Trustvs. Q4 2021SEC
Q4 2021Feb 11, 202279$190.8MVanguard Scottsdale FDSMSFTDimensional U.S. Targeted Value ETFvs. Q3 2021SEC
Q3 2021Nov 9, 202170$155.2MVanguard Scottsdale FDSMETAPYPLvs. Q2 2021SEC
Q2 2021Aug 5, 202173$171.3MINTUVanguard Scottsdale FDSPYPLvs. Q1 2021SEC
Q1 2021May 5, 202176$162.2MVanguard Scottsdale FDSMETAPYPL–SEC