Watchman Group, Inc.
•CIK: 1748726•Filing: Q4 2025
**Watchman Group, Inc.** manages $419M across a portfolio of 77 positions, exhibiting a concentrated, deep-value approach. The fund's top holdings reveal significant allocations, notably $41.9M in MTBA and $36.8M in DFAC. Further concentration is evident with substantial positions in VSLU ($29.6M) and TMSL ($29.2M). This structure suggests a focused, high-conviction mandate within its investment universe.
Total AUM
$418.9M
QoQ Performance
+1.4%
Positions
63
Top 10 Concentration
58.2%
Latest Filing
Q4 2025
Top Holdings Allocation
MTBA
DFAC
VSLU
TMSL
TLH
DFAT
MTBA10.0%
DFAC8.8%
VSLU7.1%
TMSL7.0%
TLH6.3%
DFAT6.1%
FBND4.5%
DFIC3.5%
📈 Biggest Buys
📉 Biggest Sells
Sector Breakdown
Other83.1%
Technology9.5%
Consumer4.9%
Financial1.2%
Healthcare0.8%
ETF0.3%
Consumer Staples0.1%
Energy0.1%
🚪 Exited Positionssold since Q3 2025
Changes from Q3 2025
NEW4 new positions
↑22 increased
↓39 decreased
Historical Filings
Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022