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Hickory Asset Management, Inc. Historical SEC 13F Holdings & Archive (Q2 2025)
Hickory Asset Management, Inc.CIK: 0002053626
Diversified strategyLong-term holderQuality / disciplined sizing
Total reported value
$120.9M
Reporting period: 2025-06-30 · Number of holdings: 91
HICKORY ASSET MANAGEMENT, INC. disclosed 91 holdings in its latest 13F filing for the period ending 2025-06-30, with total reported value of $120.9M and a quarterly turnover rate of 0.0%.
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Personality snowflake
- Concentration
- 12.22
- Portfolio Stability
- 0
- Momentum
- 50
- Sector conviction
- 59.6
- Diversification
- 100
- Sizing Uniformity
- 86.59
Hickory Asset Management, Inc.'s disclosed holdings carry a Herfindahl concentration index of 0.031 — mathematically equivalent to about 33 equally-sized positions, well below its 91 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 1.34), 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 21% 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.govNo holding changes this quarter
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 8.75% | — | -0.99% | |
| 2 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 5.80% | — | -1.66% | |
| 3 | RDVY | First Trust Rising Dividend | ETF-Other | 5.55% | — | +3.59% | |
| 4 | QQQM | Invesco Nasdaq 100 ETF | ETF-Tech | 5.12% | — | -1.45% | |
| 5 | DJUL | Ft Vest US Equity Deep Buffe | ETF-Other | 4.79% | — | -1.75% | |
| 6 | VYM | Vanguard High Dvd Yield ETF | ETF-Other | 3.89% | — | -3.08% | |
| 7 | VTV | Vanguard Value ETF | ETF-Other | 3.49% | — | -0.23% | |
| 8 | DMAR | Ft Vest US Equity Deep Buffe | ETF-Other | 3.09% | — | — | |
| 9 | VIG | Vanguard Dividend Apprec ETF | ETF-Other | 2.84% | — | -2.21% | |
| 10 | DJUN | Ft Vest US Equity Deep Buffe | ETF-Other | 2.79% | — | +3.21% | |
| 11 | SPYG | Ss Spdr P S&p 500 Growth ETF | ETF-Large Cap & Growth | 2.63% | — | -1.42% | |
| 12 | FPE | Ft-preferred Secur & Inc ETF | ETF-Other | 2.12% | — | +0.07% | |
| 13 | PYLD | Pimco Multisector Bond Actv | ETF-Other | 2.02% | — | +91.10% | |
| 14 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.94% | — | +1.69% | |
| 15 | VUG | Vanguard Growth ETF | ETF-Other | 1.87% | — | — | |
| 16 | MSFT | Microsoft CORP | Stock-Tech | 1.83% | — | -0.02% | |
| 17 | SPGP | Invesco S&p 500 Garp ETF | ETF-Large Cap & Growth | 1.79% | — | -19.51% | |
| 18 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 1.73% | — | -0.24% | |
| 19 | DFEB | Ft Vest U.s. Equity Deep Buf | ETF-Other | 1.69% | — | -0.92% | |
| 20 | DAUG | Ft Vest U.s. Equity Deep Buf | ETF-Other | 1.55% | — | -0.09% | |
| 21 | BKNG | Booking Holdings Inc | Stock-Consumer Disc | 1.52% | — | +0.95% | |
| 22 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 1.40% | — | +0.65% | |
| 23 | SDVY | First Trust Smid Cap Rising | ETF-Other | 1.28% | — | -21.74% | |
| 24 | SCHW | Schwab (charles) CORP | Stock-Financials | 1.28% | — | +0.82% | |
| 25 | V | Visa Inc-class A Shares | Stock-Financials | 1.15% | — | +0.64% | |
| 26 | DMAY | Ft Vest US Equity Deep Buffe | ETF-Other | 1.08% | — | +5.96% | |
| 27 | MOAT | Vaneck Morningstar Wide Moat | ETF-Other | 1.06% | — | -32.24% | |
| 28 | VOE | Vanguard Mid-cap Value ETF | ETF-Other | 1.05% | — | -4.88% | |
| 29 | RSP | Invesco S&p 500 Equal Weight | ETF-Large Cap & Growth | 1.00% | — | -0.59% | |
| 30 | COWZ | Pacer US Cash Cows 100 ETF | ETF-Other | 1.00% | — | -12.48% | |
| 31 | MA | Mastercard Inc - A | Stock-Financials | 0.90% | — | +0.05% | |
| 32 | ELV | Elevance Health Inc | Stock-Healthcare | 0.84% | — | +1.96% | |
| 33 | FPEI | First Trust Institutional Pr | ETF-Other | 0.78% | — | +1.39% | |
| 34 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 0.76% | — | — | |
| 35 | DNOV | Ft Vest US Equity Deep Buffe | ETF-Other | 0.75% | — | — | |
| 36 | PM | Philip Morris International | Stock-Consumer Staples | 0.64% | — | +0.86% | |
| 37 | SPYV | Ss Spdr P S&p 500 Value ETF | ETF-Large Cap & Growth | 0.64% | — | -2.62% | |
| 38 | DIS | Walt Disney Co/the | Stock-Comm Services | 0.63% | — | -1.46% | |
| 39 | CALF | Pcr US Sm Cp Csh Cws Etf-usd | ETF-Other | 0.59% | — | -18.40% | |
| 40 | IQV | Iqvia Holdings Inc | Stock-Healthcare | 0.57% | — | -4.92% | |
| 41 | VCSH | Vanguard S/t CORP Bond ETF | ETF-Corp Bonds | 0.56% | — | +1.05% | |
| 42 | AMAT | Applied Materials Inc | Stock-Tech | 0.55% | — | +39.92% | |
| 43 | VRIG | Invesco Variable Rate Invest | ETF-Other | 0.53% | — | -40.57% | |
| 44 | PFFD | Global X US Preferred ETF | ETF-Other | 0.53% | — | -0.70% | |
| 45 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.52% | — | +2.45% | |
| 46 | ADSK | Autodesk Inc | Stock-Tech | 0.48% | — | -1.32% | |
| 47 | AAPL | Apple Inc | Stock-Tech | 0.48% | — | -12.85% | |
| 48 | APD | Air Products & Chemicals Inc | Stock-Materials | 0.47% | — | +1.75% | |
| 49 | COR | Cencora Inc | Stock-Healthcare | 0.46% | — | -25.35% | |
| 50 | ORCL | Oracle CORP | Stock-Tech | 0.44% | — | +2.41% |
1–50 of 91
Portfolio Performance
Performance for Q3 2026
+3.3%
Performance Last 4 Quarters
+18.6%
- Stdev
- +11%
- Beta
- +0.81
- Alpha
- +1.5%
- Max Drawdown
- -5.1%
- Annualized Perf
- +17.7%
- Batting Avg vs S&P
- +50%
- Sortino
- +3.17
- Stutzer
- +0.46
- Treynor
- +0.21
- Sterling
- +1.18
- Calmar
- +3.49
- Information Ratio
- -0.66
- Tracking Error
- +3.2%
- Stdev Down
- +5.4%
- Winning Months %
- +77.8%
- Losing Months %
- +22.2%
- Best 12 Months
- +26.8%
- Worst 12 Months
- +15.2%
- Efficiency Ratio
- +0.59
- Sharpe
- +1.55
- Stdev Sectors
- +9.6%
- Skewness
- +0.07
- Kurtosis
- +0.49
- Upside Potential
- +4.53
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|
Filing History
FAQ
What is Hickory Asset Management, Inc. and what type of investor is it?
Hickory Asset Management, Inc. 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 (2025-06-30), the firm manages a tracked equity portfolio valued at approximately $120.9M, spread across 91 disclosed positions.
What are Hickory Asset Management, Inc.'s largest equity positions?
Based on the latest 13F filing, Hickory Asset Management, Inc.'s top holdings by market value are:
1. Vanguard S&p 500 ETF (VOO) — $10.6M (8.8%)
2. Invesco Qqq Trust Series 1 (QQQ) — $7.0M (5.8%)
3. First Trust Rising Dividend (RDVY) — $6.7M (5.5%)
4. Invesco Nasdaq 100 ETF (QQQM) — $6.2M (5.1%)
5. Ft Vest US Equity Deep Buffe (DJUL) — $5.8M (4.8%)
What changes did Hickory Asset Management, Inc. make in its most recent portfolio filing?
No notable portfolio changes were recorded for Hickory Asset Management, Inc. in the most recent quarter. Holdings appear to have remained relatively stable.
What sectors does Hickory Asset Management, Inc. focus on?
Hickory Asset Management, Inc. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 27.4%
• Communication Services: 22.8%
• Financials: 19.5%
• Consumer Discretionary: 16.6%
• Health Care: 6.4%
• Consumer Staples: 3.0%
Investment Profile
Hickory Asset Management, Inc. returned an annualized 17.7% over the trailing 18 months — outperforming the S&P 500 by 1.5 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.81 (less volatile than the market) and a 50% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding.
It has added to its PYLD position over the past two quarters (+$1.8M, now $2.4M), while trimming MOAT over the same stretch (-$759.5K, still holding $1.3M).
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