Hardy Reed LLC
Long book
$1.37B
Q1 2026
Positions
243
Top-10 weight
66%
concentration
Last quarter
+12.7%
SPY +14.8%
Turnover
14%
of book per quarter
Strategy in plain words
auto-generated from filingsHardy Reed LLC is a wealth-management firm allocating client money, running a $1.37B US long book across 243 positions.
The portfolio is concentrated: the top 10 names carry 66% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: VANGUARD TOTAL STOCK MKT ETF, VANGUARD S&P 500 ETF, ISHARES CORE INTL STOCK ETF, JPMORGAN CHASE & CO, VANGUARD TOTAL INTL BOND ETF.
Over the last 9 quarters its long book ran on average 0.2pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.1%
Q2 2024
+6.2%
Q3 2024
+1.0%
Q4 2024
-1.4%
Q1 2025
+9.6%
Q2 2025
+7.5%
Q3 2025
+2.9%
Q4 2025
-2.3%
Q1 2026
+12.7%
Sector allocation
Financials 44%
Technology 28%
Industrials 7%
Consumer discretionary 5%
Services media 4%
Healthcare 3%
Energy 3%
Utilities 3%
Long book by quarter
What does Hardy Reed own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| JPM JPMORGAN CHASE & CO | Financials | 400.3K | $117.8M | 8.6% | -0.2% |
| AAPL APPLE INC | Technology | 134.8K | $34.2M | 2.5% | 0.0% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 36 | $25.9M | 1.9% | Held |
| GOOGL ALPHABET INC-CL A | Technology | 56.8K | $16.3M | 1.2% | +0.1% |
| MSFT MICROSOFT CORP | Technology | 27.9K | $10.3M | 0.8% | +3.1% |
| NVDA NVIDIA CORP | Technology | 53.9K | $9.4M | 0.7% | +1.3% |
| AMZN AMAZON.COM INC | Consumer discretionary | 39.8K | $8.3M | 0.6% | +3.5% |
| HBAN HUNTINGTON BANCSHARES INC | Financials | 518.8K | $8.1M | 0.6% | New |
| GOOG ALPHABET INC-CL C | Technology | 26.6K | $7.6M | 0.6% | -0.7% |
| AVGO BROADCOM INC | Technology | 15.7K | $4.9M | 0.4% | +16.6% |
| GEV GE VERNOVA INC | Industrials | 5.3K | $4.7M | 0.3% | -32.9% |
| V VISA INC-CLASS A SHARES | Services media | 14.4K | $4.4M | 0.3% | +2.8% |
| NSC NORFOLK SOUTHERN CORP | Industrials | 15.0K | $4.3M | 0.3% | +0.1% |
| XOM EXXON MOBIL CORP | Energy | 24.9K | $4.2M | 0.3% | +0.2% |
| TT TRANE TECHNOLOGIES PLC | Technology | 8.7K | $3.6M | 0.3% | +0.8% |
| HD HOME DEPOT INC | Consumer discretionary | 10.2K | $3.4M | 0.2% | +0.2% |
| META META PLATFORMS INC-CLASS A | Technology | 5.8K | $3.3M | 0.2% | -0.8% |
| APH AMPHENOL CORP-CL A | Technology | 24.7K | $3.1M | 0.2% | 0.0% |
| JNJ JOHNSON & JOHNSON | Healthcare | 12.7K | $3.1M | 0.2% | +0.2% |
| CAT CATERPILLAR INC | Industrials | 4.3K | $3.0M | 0.2% | +0.2% |
| AMAT APPLIED MATERIALS INC | Technology | 7.5K | $2.6M | 0.2% | +0.1% |
| AXP AMERICAN EXPRESS CO | Financials | 8.5K | $2.6M | 0.2% | -0.9% |
| MA MASTERCARD INC - A | Services media | 5.0K | $2.5M | 0.2% | -2.9% |
| PNC PNC FINANCIAL SERVICES GROUP | Financials | 11.7K | $2.4M | 0.2% | Held |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 10.4K | $2.3M | 0.2% | +0.9% |
| CVX CHEVRON CORP | Energy | 10.9K | $2.3M | 0.2% | +1.7% |
| BLK BLACKROCK INC | Financials | 2.3K | $2.2M | 0.2% | +1.8% |
| NEE NEXTERA ENERGY INC | Utilities | 23.6K | $2.2M | 0.2% | +0.6% |
| ABBV ABBVIE INC | Healthcare | 9.9K | $2.2M | 0.2% | -4.6% |
| UBER UBER TECHNOLOGIES INC | Services media | 29.2K | $2.1M | 0.2% | +34.9% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 4.0K | $2.0M | 0.1% | -21.0% |
| LIN LINDE PLC | Materials | 3.8K | $1.9M | 0.1% | +1.0% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 10.8K | $1.8M | 0.1% | +2.6% |
| FCX FREEPORT-MCMORAN INC | Materials | 29.5K | $1.7M | 0.1% | New |
| BKNG BOOKING HOLDINGS INC | Industrials | 409 | $1.7M | 0.1% | -0.5% |
| WMT WALMART INC | Consumer discretionary | 13.8K | $1.7M | 0.1% | +5.2% |
| PANW PALO ALTO NETWORKS INC | Technology | 10.5K | $1.7M | 0.1% | Held |
| GS GOLDMAN SACHS GROUP INC | Financials | 1.9K | $1.6M | 0.1% | +1.1% |
| BA BOEING CO/THE | Industrials | 8.2K | $1.6M | 0.1% | +95.2% |
| PGR PROGRESSIVE CORP | Financials | 8.2K | $1.6M | 0.1% | +0.1% |
| DHR DANAHER CORP | Technology | 8.3K | $1.6M | 0.1% | +0.9% |
| LRCX LAM RESEARCH CORP | Industrials | 7.3K | $1.6M | 0.1% | +0.3% |
| TJX TJX COMPANIES INC | Consumer discretionary | 8.7K | $1.4M | 0.1% | +1.0% |
| GE GENERAL ELECTRIC | Industrials | 4.9K | $1.4M | 0.1% | -3.7% |
| ORLY O'REILLY AUTOMOTIVE INC | Consumer discretionary | 15.1K | $1.4M | 0.1% | +0.2% |
| SNPS SYNOPSYS INC | Technology | 3.3K | $1.3M | 0.1% | -0.3% |
| TMUS T-MOBILE US INC | Communications | 6.0K | $1.3M | 0.1% | +19.5% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 13.4K | $1.3M | 0.1% | +2.3% |
| LLY ELI LILLY & CO | Healthcare | 1.3K | $1.2M | 0.1% | -0.4% |
| KMI KINDER MORGAN INC | Utilities | 32.9K | $1.1M | 0.1% | +4.9% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 28, 2026 | 243 | $1.37B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 6, 2026 | 239 | $1.40B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 7, 2025 | 240 | $1.36B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 23, 2025 | 247 | $1.25B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 2, 2025 | 237 | $1.13B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 3, 2025 | 247 | $1.13B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 243 | $1.12B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 12, 2024 | 229 | $995.6M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 2, 2024 | 118 | $805.0M | canonical | SEC ↗ |