# EDGAR Filing Document

**Accession Number:** 0001748726
**File Stem:** 0001748726-23-000001
**Filing Date:** 2023-2
**Character Count:** 10072
**Document Hash:** cd007aa0b2aa6476783d397c31536b92
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001748726-23-000001.hdr.sgml**: 20230209

**ACCESSION NUMBER**: 0001748726-23-000001

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230209

**DATE AS OF CHANGE**: 20230209

**EFFECTIVENESS DATE**: 20230209

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Watchman Group, Inc.
- **CENTRAL INDEX KEY:** 0001748726
- **IRS NUMBER:** 201803822
- **STATE OF INCORPORATION:** TX
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-19900
- **FILM NUMBER:** 23601920

**BUSINESS ADDRESS:**
- **STREET 1:** 5045 LORIMAR DR
- **STREET 2:** SUITE 200
- **CITY:** PLANO
- **STATE:** TX
- **ZIP:** 75093-5739
- **BUSINESS PHONE:** 469-241-0122

**MAIL ADDRESS:**
- **STREET 1:** 5045 LORIMAR DR
- **STREET 2:** SUITE 200
- **CITY:** PLANO
- **STATE:** TX
- **ZIP:** 75093-5739

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Watchman Group Inc.<br>**Address:** 5045 LORIMAR DR<br>SUITE 200<br>PLANO, TX 75093-5739

**Form 13F File Number:** 028-19900

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Deana B Webb<br>**Title:** Operations Manager<br>**Phone:** 469-241-0122

**Signature, Place, and Date of Signing:**

Deana B Webb  Plano, TX  02-09-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 67

**Form 13F Information Table Value Total:** $181062673

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| Vanguard Growth ETF | ETF | 922908736 |  | 226536 | 1063 | SH |  | SOLE |  | 1063 | 0 | 0 |
| Dimensional Core Fixed Income ETF | ETF | 25434V872 |  | 256635 | 6181 | SH |  | SOLE |  | 6181 | 0 | 0 |
| Vanguard Total Stock Mkt ETF | ETF | 922908769 |  | 275696 | 1442 | SH |  | SOLE |  | 1442 | 0 | 0 |
| SPDR S 500 ETF | ETF | 78462F103 |  | 298295 | 780 | SH |  | SOLE |  | 780 | 0 | 0 |
| Vanguard Ftse Dev Mkts ETF | ETF | 921943858 |  | 320021 | 7625 | SH |  | SOLE |  | 7625 | 0 | 0 |
| iShares S Midcap 400 Growth | ETF | 464287606 |  | 421343 | 6169 | SH |  | SOLE |  | 6169 | 0 | 0 |
| PIMCO Short Term Municipal Bond Actv ETF | ETF | 72201R874 |  | 512915 | 10405 | SH |  | SOLE |  | 10405 | 0 | 0 |
| iShares US Medical Devices | ETF | 464288810 |  | 679730 | 12930 | SH |  | SOLE |  | 12930 | 0 | 0 |
| iShares JPMorgan Emg Mkts Bond ETF | ETF | 464288281 |  | 725783 | 8580 | SH |  | SOLE |  | 8580 | 0 | 0 |
| iShares Core S US Value ETF | ETF | 464287663 |  | 939450 | 13301 | SH |  | SOLE |  | 13301 | 0 | 0 |
| Vanguard 500 ETF | ETF | 922908363 |  | 1011859 | 2880 | SH |  | SOLE |  | 2880 | 0 | 0 |
| iShares Russell 1000 Value | ETF | 464287598 |  | 1021666 | 6737 | SH |  | SOLE |  | 6737 | 0 | 0 |
| iShares Barclay Aggregate | ETF | 464287226 |  | 2233195 | 23025 | SH |  | SOLE |  | 23025 | 0 | 0 |
| iShares Core S Small-Cap ETF | ETF | 464287804 |  | 3085840 | 32606 | SH |  | SOLE |  | 32606 | 0 | 0 |
| Vanguard Short-Term Corporate Bond ETF | ETF | 92206C409 |  | 3284750 | 43686 | SH |  | SOLE |  | 43686 | 0 | 0 |
| iShares Core S Mid-Cap ETF | ETF | 464287507 |  | 4718069 | 19505 | SH |  | SOLE |  | 19505 | 0 | 0 |
| DFA Emerging Markets Core Equity 2 ETF | ETF | 25434V732 |  | 6011558 | 267656 | SH |  | SOLE |  | 267656 | 0 | 0 |
| DFA US Targeted Value ETF | ETF | 25434V609 |  | 12695221 | 288856 | SH |  | SOLE |  | 288856 | 0 | 0 |
| Vanguard Intermediate-Term Corp Bd ETF | ETF | 92206C870 |  | 15155608 | 195531 | SH |  | SOLE |  | 195531 | 0 | 0 |
| Vanguard Short-Term Bond ETF | ETF | 921937827 |  | 16969693 | 225421 | SH |  | SOLE |  | 225421 | 0 | 0 |
| Accenture PLC A | COM | G1151C101 |  | 3103349 | 11630 | SH |  | SOLE |  | 11630 | 0 | 0 |
| Aflac Inc | COM | 001055102 |  | 1048526 | 14575 | SH |  | SOLE |  | 14575 | 0 | 0 |
| Alphabet Inc A | COM | 02079K305 |  | 2152371 | 24395 | SH |  | SOLE |  | 24395 | 0 | 0 |
| Alphabet Inc C | COM | 02079K107 |  | 2287193 | 25777 | SH |  | SOLE |  | 25777 | 0 | 0 |
| Amgen Inc | COM | 031162100 |  | 3337366 | 12707 | SH |  | SOLE |  | 12707 | 0 | 0 |
| Amphenol Corp | COM | 032095101 |  | 3679009 | 48319 | SH |  | SOLE |  | 48319 | 0 | 0 |
| Apple Inc | COM | 037833100 |  | 525415 | 4044 | SH |  | SOLE |  | 4044 | 0 | 0 |
| Berkshire Hathaway Inc B | COM | 084670702 |  | 5274776 | 17076 | SH |  | SOLE |  | 17076 | 0 | 0 |
| Carlisle Companies Inc | COM | 142339100 |  | 2352258 | 9982 | SH |  | SOLE |  | 9982 | 0 | 0 |
| Charles Schwab Corp | COM | 808513105 |  | 3155554 | 37900 | SH |  | SOLE |  | 37900 | 0 | 0 |
| Cisco Systems Inc | COM | 17275R102 |  | 347534 | 7295 | SH |  | SOLE |  | 7295 | 0 | 0 |
| Coca-Cola Co | COM | 191216100 |  | 305328 | 4800 | SH |  | SOLE |  | 4800 | 0 | 0 |
| Costco Wholesale Corp | COM | 22160K105 |  | 436995 | 957 | SH |  | SOLE |  | 957 | 0 | 0 |
| D.R. Horton Inc | COM | 23331A109 |  | 3779090 | 42395 | SH |  | SOLE |  | 42395 | 0 | 0 |
| Exxon Mobil Corp | COM | 30231G102 |  | 269132 | 2440 | SH |  | SOLE |  | 2440 | 0 | 0 |
| Federal Signal | COM | 313855108 |  | 2715242 | 58430 | SH |  | SOLE |  | 58430 | 0 | 0 |
| Generac Holdings Inc | COM | 368736104 |  | 958283 | 9520 | SH |  | SOLE |  | 9520 | 0 | 0 |
| General Dynamics | COM | 369550108 |  | 4325172 | 17432 | SH |  | SOLE |  | 17432 | 0 | 0 |
| Intuit Inc | COM | 461202103 |  | 3350016 | 8607 | SH |  | SOLE |  | 8607 | 0 | 0 |
| ITT Inc | COM | 45073V108 |  | 2952283 | 36403 | SH |  | SOLE |  | 36403 | 0 | 0 |
| Johnson  Johnson | COM | 478160104 |  | 4065423 | 23014 | SH |  | SOLE |  | 23014 | 0 | 0 |
| LKQ Corp | COM | 501889208 |  | 4025512 | 75370 | SH |  | SOLE |  | 75370 | 0 | 0 |
| Lowes Companies Inc | COM | 548661107 |  | 4394637 | 22057 | SH |  | SOLE |  | 22057 | 0 | 0 |
| McDonalds Corp | COM | 580135101 |  | 391606 | 1486 | SH |  | SOLE |  | 1486 | 0 | 0 |
| Merck  Co | COM | 58933Y105 |  | 2810364 | 25330 | SH |  | SOLE |  | 25330 | 0 | 0 |
| Microsoft Corp | COM | 594918104 |  | 4319429 | 18011 | SH |  | SOLE |  | 18011 | 0 | 0 |
| NVR Inc | COM | 62944T105 |  | 2472343 | 536 | SH |  | SOLE |  | 536 | 0 | 0 |
| Omnicell Inc | COM | 68213N109 |  | 1200651 | 23813 | SH |  | SOLE |  | 23813 | 0 | 0 |
| PACCAR Inc | COM | 693718108 |  | 3533526 | 35703 | SH |  | SOLE |  | 35703 | 0 | 0 |
| PayPal Holdings Inc | COM | 70450Y103 |  | 2121786 | 29792 | SH |  | SOLE |  | 29792 | 0 | 0 |
| PepsiCo Inc | COM | 713448108 |  | 3828366 | 21191 | SH |  | SOLE |  | 21191 | 0 | 0 |
| Procter  Gamble Co | COM | 742718109 |  | 2683673 | 17707 | SH |  | SOLE |  | 17707 | 0 | 0 |
| Qualcomm | COM | 747525103 |  | 3003561 | 27320 | SH |  | SOLE |  | 27320 | 0 | 0 |
| Rave Restaurant Group Inc | COM | 754198109 |  | 281635 | 178250 | SH |  | SOLE |  | 178250 | 0 | 0 |
| Skyworks Solutions Inc | COM | 83088M102 |  | 2752764 | 30207 | SH |  | SOLE |  | 30207 | 0 | 0 |
| Stryker Corp | COM | 863667101 |  | 4446539 | 18187 | SH |  | SOLE |  | 18187 | 0 | 0 |
| Tesla Motors Inc | COM | 88160R101 |  | 1520904 | 12347 | SH |  | SOLE |  | 12347 | 0 | 0 |
| Texas Pacific Land Trust | COM | 88262P102 |  | 267242 | 114 | SH |  | SOLE |  | 114 | 0 | 0 |
| The Home Depot Inc | COM | 437076102 |  | 776756 | 2459 | SH |  | SOLE |  | 2459 | 0 | 0 |
| UFP Industries Inc | COM | 90278Q108 |  | 3683302 | 46477 | SH |  | SOLE |  | 46477 | 0 | 0 |
| Union Pacific Corp | COM | 907818108 |  | 3496170 | 16884 | SH |  | SOLE |  | 16884 | 0 | 0 |
| Urban Television Network Corp | COM | 917068207 |  | 4 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| Verisk Analytics Inc | COM | 92345Y106 |  | 2635278 | 14938 | SH |  | SOLE |  | 14938 | 0 | 0 |
| Visa Inc | COM | 92826C839 |  | 3715164 | 17882 | SH |  | SOLE |  | 17882 | 0 | 0 |
| Wal-Mart Stores Inc | COM | 931142103 |  | 440133 | 3104 | SH |  | SOLE |  | 3104 | 0 | 0 |
| Walt Disney Co | COM | 254687106 |  | 427450 | 4920 | SH |  | SOLE |  | 4920 | 0 | 0 |
| Yum Brands Inc | COM | 988498101 |  | 569700 | 4448 | SH |  | SOLE |  | 4448 | 0 | 0 |

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