A small value-investing boutique in Bethesda, Maryland, founded in 1998 by Mark A. Hillman.
Life story
Hillman Capital Management is an SEC-registered investment adviser founded in 1998 by Mark A. Hillman. Public sources say very little about the founder's background, family or education.
How they got started
The firm describes itself as a value-equity boutique. It serves foundations, endowments, corporations, pension plans and private investors, and manages the Hillman Capital Management Funds, a family of mutual funds open to the public.
Investment style
Hillman aims to find businesses with sustainable competitive advantages that can perform across economic cycles but are mispriced by the market, and to buy them at a discount, using what it calls a proprietary portfolio management style.
Best decisions
Limited information
We found no reliable public information on the firm's specific best investments.
Biggest mistakes
Limited information
Likewise, there is no reliable public record of the firm's notable mistakes.
Today
As of 2026 the firm operates from Bethesda and continues to run its mutual funds. As a small firm, it gets little press coverage.
What to learn from following the portfolio
- A small, lesser-known manager can offer ideas that differ from the famous funds, but its track record is harder to verify.
- Value investors often favor banks, insurers and leveraged companies — sectors that usually fail halal screening. See each position's halal status on the Portfolio tab.
- Long-held positions reveal real conviction; a single quarter's change may mean little.
- 13F filings lag by 45 days and show only long US equities.
An introduction based on public sources — not investment advice. Spotted an error? Let us know.