HR
Hardy Reed LLC — 13F Portfolio Changes & Top Buys (Q2 2026)
Hardy Reed LLCCIK: 0001761871
Diversified strategyMomentum followerSector-focused
Total reported value
$1.6B
Reporting period: 2026-06-30 · Number of holdings: 252
Hardy Reed LLC disclosed 252 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $1.6B and a quarterly turnover rate of 15.0%.
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Personality snowflake
- Concentration
- 29.31
- Portfolio Stability
- 15.04
- Momentum
- 100
- Sector conviction
- 74.4
- Diversification
- 100
- Sizing Uniformity
- 58.13
Hardy Reed LLC's disclosed holdings carry a Herfindahl concentration index of 0.073 — mathematically equivalent to about 14 equally-sized positions, well below its 252 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 4.19), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 27% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd VTI
+1.5% $42.2M
Trim BNDX
+5.6% $4.5M
Trim IXUS
-0.0% $13.9M
New buy AZO
Trim FNDF
-1.7% $3.1M
Add DCOR
+13.2% $7.3M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 252 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 18.58% | +0.55% | +1.49% | |
| 2 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 12.13% | +0.03% | -0.91% | |
| 3 | IXUS | Ishares Core Intl Stock ETF | ETF-Other | 9.71% | -0.31% | -0.03% | |
| 4 | JPM | Jpmorgan Chase & Co | Stock-Financials | 8.43% | -0.16% | +0.25% | |
| 5 | BNDX | Vanguard Total Intl Bond ETF | ETF-Other | 4.78% | -0.32% | +5.63% | |
| 6 | FNDF | Schwab Fndmn Intl Lrg Co ETF | ETF-Other | 3.55% | -0.26% | -1.68% | |
| 7 | AAPL | Apple Inc | Stock-Tech | 2.50% | — | -0.12% | |
| 8 | VXUS | Vanguard Total Intl Stock | ETF-Other | 2.09% | -0.07% | -0.47% | |
| 9 | DCOR | Dimensional US Core Eq 1 ETF | ETF-Other | 2.09% | +0.25% | +13.24% | |
| 10 | VCSH | Vanguard S/t CORP Bond ETF | ETF-Corp Bonds | 1.80% | -0.08% | +9.22% | |
| 11 | BRK-A | Berkshire Hathaway Inc-cl A | Stock-Other | 1.73% | -0.16% | — | |
| 12 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 1.48% | -0.01% | -1.62% | |
| 13 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 1.30% | +0.11% | +0.01% | |
| 14 | IJR | Ishares Core S&p Small-cap E | ETF-Small Cap | 1.26% | +0.06% | +0.04% | |
| 15 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 1.17% | -0.03% | -3.56% | |
| 16 | VYM | Vanguard High Dvd Yield ETF | ETF-Other | 1.13% | -0.14% | -5.28% | |
| 17 | SPSB | Ss Spdr P St C CORP ETF | ETF-Other | 1.11% | -0.16% | -0.24% | |
| 18 | IJH | Ishares Core S&p Midcap ETF | ETF-Other | 0.94% | +0.01% | +0.03% | |
| 19 | IWF | Ishares Russell 1000 Growth | ETF-Other | 0.88% | +0.02% | +300.00% | |
| 20 | IEFA | Ishares Core Msci Eafe ETF | ETF-Other | 0.78% | -0.05% | +0.07% | |
| 21 | NVDA | Nvidia CORP | Stock-Tech | 0.69% | — | +0.25% | |
| 22 | DFAS | Dimensional US Small Cap ETF | ETF-Small Cap | 0.67% | +0.03% | +2.86% | |
| 23 | MSFT | Microsoft CORP | Stock-Tech | 0.67% | -0.08% | -0.28% | |
| 24 | HBAN | Huntington Bancshares Inc | Stock-Financials | 0.61% | +0.02% | +3.39% | |
| 25 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 0.61% | +0.01% | +0.15% | |
| 26 | VTV | Vanguard Value ETF | ETF-Other | 0.61% | -0.01% | +0.13% | |
| 27 | ITOT | Ishares Core S&p Total U.s. | ETF-Other | 0.59% | +0.01% | — | |
| 28 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.57% | +0.01% | -5.90% | |
| 29 | DFAU | Dimensional US Core Equity M | ETF-Other | 0.47% | +0.01% | -0.11% | |
| 30 | IWD | Ishares Russell 1000 Value E | ETF-Other | 0.46% | — | — | |
| 31 | VNQ | Vanguard Real Estate ETF | ETF-Other | 0.44% | -0.02% | — | |
| 32 | GEV | GE Vernova Inc | Stock-Industrials | 0.40% | +0.06% | -0.60% | |
| 33 | BIV | Vanguard Intermediate-term B | ETF-Other | 0.36% | -0.05% | -0.45% | |
| 34 | VWO | Vanguard Ftse Emerging Marke | ETF-Emerging Markets | 0.35% | -0.01% | +0.06% | |
| 35 | AVGO | Broadcom Inc | Stock-Tech | 0.35% | — | -8.69% | |
| 36 | AMAT | Applied Materials Inc | Stock-Tech | 0.34% | +0.15% | -2.12% | |
| 37 | DFUS | Dimensional US Eq Mkt ETF | ETF-Other | 0.34% | +0.01% | — | |
| 38 | SOXQ | Invesco Phlx Semiconductor | ETF-Other | 0.32% | +0.12% | — | |
| 39 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 0.31% | +0.03% | +0.12% | |
| 40 | V | Visa Inc-class A Shares | Stock-Financials | 0.31% | -0.01% | -2.98% | |
| 41 | NSC | Norfolk Southern CORP | Stock-Industrials | 0.30% | -0.01% | +0.31% | |
| 42 | CAT | Caterpillar Inc | Stock-Industrials | 0.30% | +0.08% | +2.87% | |
| 43 | AZO | Autozone Inc | Stock-Consumer Disc | 0.29% | +0.29% | NEW | |
| 44 | APH | Amphenol Corp-cl A | Stock-Tech | 0.28% | +0.05% | -0.24% | |
| 45 | TT | Trane Technologies plc | Stock-Industrials | 0.27% | +0.01% | -0.08% | |
| 46 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.27% | +0.18% | +173.93% | |
| 47 | HD | Home Depot Inc | Stock-Consumer Disc | 0.24% | — | +4.52% | |
| 48 | PANW | Palo Alto Networks Inc | Stock-Tech | 0.23% | +0.11% | +0.17% | |
| 49 | XOM | Exxon Mobil CORP | Stock-Energy | 0.22% | -0.09% | +2.21% | |
| 50 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.21% | -0.02% | +2.92% |
1–50 of 200
Portfolio Performance
Performance for Q3 2026
+3.7%
Performance Last 4 Quarters
+21%
- Stdev
- +11.5%
- Beta
- +0.86
- Alpha
- +1.9%
- Max Drawdown
- -5.5%
- Annualized Perf
- +20%
- Batting Avg vs S&P
- +47.2%
- Sortino
- +3.44
- Stutzer
- +0.48
- Treynor
- +0.22
- Sterling
- +1.37
- Calmar
- +3.67
- Information Ratio
- -0.29
- Tracking Error
- +3.4%
- Stdev Down
- +5.5%
- Winning Months %
- +75%
- Losing Months %
- +25%
- Best 12 Months
- +32.9%
- Worst 12 Months
- +8.5%
- Efficiency Ratio
- +0.68
- Sharpe
- +1.66
- Stdev Sectors
- +11.9%
- Skewness
- -0.07
- Kurtosis
- -0.18
- Upside Potential
- +4.94
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 252 | $1.6B | 15 | ||
| 2026 Q1 | 243 | $1.4B | 8 | ||
| 2025 Q4 | 239 | $1.4B | 5 | ||
| 2025 Q3 | 240 | $1.4B | 21 | ||
| 2025 Q2 | 247 | $1.2B | 0 | ||
| 2025 Q1 | 237 | $1.1B | 100 | ||
| 2024 Q4 | 247 | $1.1B | 0 | ||
| 2024 Q3 | 243 | $1.1B | 0 | ||
| 2024 Q2 | 229 | $995.6M | 0 | ||
| 2024 Q1 | 118 | $805.0M | 0 | ||
| 2023 Q4 | 117 | $738.4M | 0 | ||
| 2023 Q3 | 105 | $551.7M | 0 | ||
| 2023 Q2 | 98 | $567.5M | 0 | ||
| 2023 Q1 | 116 | $568.4M | 0 | ||
| 2022 Q4 | 114 | $529.1M | 0 | ||
| 2022 Q3 | 87 | $452.1M | 0 | ||
| 2022 Q2 | 81 | $466.7M | 0 | ||
| 2022 Q1 | 82 | $533.4M | 0 | ||
| 2021 Q4 | 106 | $607.2M | 0 | ||
| 2021 Q3 | 103 | $562.5M | 0 | ||
| 2021 Q2 | 104 | $562.1M | 96 | ||
| 2021 Q1 | 101 | $521.3M | 15 | ||
| 2020 Q4 | 102 | $478.5M | 19 | ||
| 2020 Q3 | 86 | $399.1M | 38 | ||
| 2020 Q2 | 77 | $281.6M | 30 | ||
| 2020 Q1 | 64 | $218.9M | 33 | ||
| 2019 Q4 | 70 | $268.4M | 10 | ||
| 2019 Q3 | 67 | $250.3M | 10 | ||
| 2019 Q2 | 68 | $254.4M | 14 | ||
| 2019 Q1 | 65 | $273.1M | 13 | ||
| 2018 Q4 | 57 | $244.2M | 0 |
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Holding changes this quarter
Hardy Reed LLC's most significant position changes for 2026-06-30: New buy: Autozone Inc (AZO); Sold out: Honeywell International Inc (HON); New buy: ; Sold out: Chevron CORP (CVX); Sold out: Thermo Fisher Scientific Inc (TMO).
Showing top 200 changes by size (of 272 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | VTI | Vanguard Total Stock Mkt ETF | +0.6% | +1.49% | Add |
| 2 | AZO | Autozone Inc | +0.3% | NEW | New buy |
| 3 | DCOR | Dimensional US Core Eq 1 ETF | +0.3% | +13.24% | Add |
| 4 | LLY | Eli Lilly & Co | +0.2% | +173.93% | Add |
| 5 | AMAT | Applied Materials Inc | +0.2% | -2.12% | Trim |
| 6 | ✓ | +0.2% | NEW | New buy | |
| 7 | SOXQ | Invesco Phlx Semiconductor | +0.1% | — | Unchanged |
| 8 | GOOGL | Alphabet Inc-cl A | +0.1% | +0.01% | Add |
| 9 | PANW | Palo Alto Networks Inc | +0.1% | +0.17% | Add |
| 10 | LRCX | Lam Research CORP | +0.1% | +0.22% | Add |
| 11 | VRT | Vertiv Holdings Co-a | +0.1% | NEW | New buy |
| 12 | CAT | Caterpillar Inc | +0.1% | +2.87% | Add |
| 13 | FTI | TechnipFMC plc | +0.1% | NEW | New buy |
| 14 | ✓ | +0.1% | NEW | New buy | |
| 15 | SIMO | Silicon Motion Technol-adr | +0.1% | — | Unchanged |
| 16 | NFLX | Netflix Inc | +0.1% | NEW | New buy |
| 17 | IJR | Ishares Core S&p Small-cap E | +0.1% | +0.04% | Add |
| 18 | GEV | GE Vernova Inc | +0.1% | -0.60% | Trim |
| 19 | APH | Amphenol Corp-cl A | +0.1% | -0.24% | Trim |
| 20 | DELL | Dell Technologies -c | +0.1% | +1.30% | Add |
| 21 | DUHP | Dimensional US High Profi Et | 0% | +63.53% | Add |
| 22 | VOO | Vanguard S&p 500 ETF | 0% | -0.91% | Trim |
| 23 | DFAS | Dimensional US Small Cap ETF | 0% | +2.86% | Add |
| 24 | QQQ | Invesco Qqq Trust Series 1 | 0% | +0.12% | Add |
| 25 | TSM | Taiwan Semiconductor-sp Adr | 0% | +0.43% | Add |
| 26 | MU | Micron Technology Inc | 0% | +2.97% | Add |
| 27 | AMD | Advanced Micro Devices | 0% | NEW | New buy |
| 28 | XLK | Ss Technology Select Sector | 0% | — | Unchanged |
| 29 | IWF | Ishares Russell 1000 Growth | 0% | +300.00% | Add |
| 30 | HBAN | Huntington Bancshares Inc | 0% | +3.39% | Add |
| 31 | GE | General Electric | 0% | +1.35% | Add |
| 32 | ASML | ASML Holding N.V. | 0% | +0.45% | Add |
| 33 | CSCO | Cisco Systems Inc | 0% | +13.43% | Add |
| 34 | NBIS | Nebius Group N.V. | 0% | — | Unchanged |
| 35 | UNH | Unitedhealth Group Inc | 0% | -2.03% | Trim |
| 36 | SO | Southern Co/the | 0% | NEW | New buy |
| 37 | ASX | Ase Technology Holding -adr | 0% | NEW | New buy |
| 38 | C | Citigroup Inc | 0% | NEW | New buy |
| 39 | WDC | Western Digital CORP | 0% | NEW | New buy |
| 40 | SAN | Banco Santander Sa-spon Adr | 0% | NEW | New buy |
| 41 | MRCY | Mercury Systems Inc | 0% | NEW | New buy |
| 42 | NOVT | Novanta Inc | 0% | NEW | New buy |
| 43 | JBHT | Hunt (jb) Transprt Svcs Inc | 0% | NEW | New buy |
| 44 | BXSL | Blackstone Secured Lending F | 0% | NEW | New buy |
| 45 | RBA | Rb Global Inc | 0% | NEW | New buy |
| 46 | INTC | Intel CORP | 0% | NEW | New buy |
| 47 | IJH | Ishares Core S&p Midcap ETF | 0% | +0.03% | Add |
| 48 | ITOT | Ishares Core S&p Total U.s. | 0% | — | Unchanged |
| 49 | GOOG | Alphabet Inc-cl C | 0% | -5.90% | Trim |
| 50 | AMZN | Amazon.com Inc | 0% | +0.15% | Add |
1–50 of 200
Filing History
FAQ
What is Hardy Reed LLC and what type of investor is it?
Hardy Reed LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $1.6B, spread across 252 disclosed positions.
What are Hardy Reed LLC's largest equity positions?
Based on the latest 13F filing, Hardy Reed LLC's top holdings by market value are:
1. Vanguard Total Stock Mkt ETF (VTI) — $289.4M (18.6%)
2. Vanguard S&p 500 ETF (VOO) — $189.0M (12.1%)
3. Ishares Core Intl Stock ETF (IXUS) — $151.3M (9.7%)
4. Jpmorgan Chase & Co (JPM) — $131.4M (8.4%)
5. Vanguard Total Intl Bond ETF (BNDX) — $74.4M (4.8%)
What changes did Hardy Reed LLC make in its most recent portfolio filing?
In the latest reported quarter, Hardy Reed LLC made 166 notable position adjustments: 29 new positions were initiated, 72 existing holdings were added to, 45 positions were partially reduced, and 20 were completely exited. The largest of these moves: New buy: Autozone Inc (AZO); Sold out: Honeywell International Inc (HON); New buy: ; Sold out: Chevron CORP (CVX); Sold out: Thermo Fisher Scientific Inc (TMO)
What sectors does Hardy Reed LLC focus on?
Hardy Reed LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Financials: 41.2%
• Information Technology: 23.4%
• Industrials: 9.0%
• Communication Services: 8.8%
• Consumer Discretionary: 6.1%
• Health Care: 4.5%
Investment Profile
Hardy Reed LLC returned an annualized 20.0% over the trailing 36 months — outperforming the S&P 500 by 1.9 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.86 (less volatile than the market) and a 47% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 41.2% of the portfolio concentrated in Financials.
Its turnover score has risen from 0 to 15 over the past 4 quarters — a shift toward more active trading.
It has added to its IXUS position over the past two quarters (+$16.2M, now $151.3M), while trimming META over the same stretch (-$826.0K, still holding $3.1M).
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Developer Access
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