13F HOLDINGS REPORT
Hardy Reed LLC
Quarter ended Q3 2025 · Filed November 7, 2025 · Accession 0001765380-25-000440
Total Value
$1.36B
Positions
240
Other Managers
0
Confidential Omitted
No
Holdings (240)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | VANGUARD INDEX FDS | 922908769 | 760,075 | $249.4M | 18.37% |
| 2 | VANGUARD INDEX FDS | 922908363 | 280,432 | $171.7M | 12.64% |
| 3 | ISHARES TR | 46432F834 | 1,578,450 | $130.3M | 9.60% |
| 4 | JPMORGAN CHASE & CO. | VYLD | 400,867 | $126.4M | 9.31% |
| 5 | VANGUARD CHARLOTTE FDS | 92203J407 | 1,298,307 | $64.2M | 4.73% |
| 6 | SCHWAB STRATEGIC TR | 808524755 | 1,038,667 | $44.6M | 3.29% |
| 7 | APPLE INC | AAPL | 134,124 | $34.2M | 2.51% |
| 8 | VANGUARD STAR FDS | 921909768 | 394,612 | $29.0M | 2.13% |
| 9 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 36 | $27.2M | 2.00% |
| 10 | DIMENSIONAL ETF TRUST | 25434V625 | 297,772 | $21.4M | 1.58% |
| 11 | SPDR S&P 500 ETF TR | SPY | 31,522 | $21.0M | 1.55% |
| 12 | VANGUARD SCOTTSDALE FDS | 92206C409 | 257,739 | $20.6M | 1.52% |
| 13 | VANGUARD WHITEHALL FDS | 921946406 | 128,606 | $18.1M | 1.33% |
| 14 | ISHARES TR | 464287200 | 25,395 | $17.0M | 1.25% |
| 15 | SPDR SERIES TRUST | 78464A474 | 556,678 | $16.9M | 1.24% |
| 16 | ISHARES TR | 464287804 | 132,434 | $15.7M | 1.16% |
| 17 | MICROSOFT CORP | MSFT | 28,364 | $14.7M | 1.08% |
| 18 | ALPHABET INC | GOOG | 56,104 | $13.6M | 1.00% |
| 19 | ISHARES TR | 464287614 | 27,670 | $13.0M | 0.95% |
| 20 | ISHARES TR | 464287507 | 188,777 | $12.3M | 0.91% |
| 21 | ISHARES TR | 46432F842 | 125,827 | $11.0M | 0.81% |
| 22 | NVIDIA CORPORATION | NVDA | 55,965 | $10.4M | 0.77% |
| 23 | AMAZON COM INC | AMZN | 37,829 | $8.3M | 0.61% |
| 24 | VANGUARD INDEX FDS | 922908744 | 43,281 | $8.1M | 0.59% |
| 25 | ISHARES TR | 464287150 | 54,996 | $8.0M | 0.59% |
| 26 | DIMENSIONAL ETF TRUST | 25434V500 | 116,362 | $8.0M | 0.59% |
| 27 | CADENCE BANK | 12740C103 | 205,642 | $7.7M | 0.57% |
| 28 | ALPHABET INC | GOOG | 26,942 | $6.6M | 0.48% |
| 29 | VANGUARD INDEX FDS | 922908553 | 70,334 | $6.4M | 0.47% |
| 30 | DIMENSIONAL ETF TRUST | 25434V104 | 140,471 | $6.4M | 0.47% |
| 31 | ISHARES TR | 464287598 | 29,678 | $6.0M | 0.44% |
| 32 | VANGUARD BD INDEX FDS | 921937819 | 67,373 | $5.3M | 0.39% |
| 33 | VANGUARD INTL EQUITY INDEX F | 922042858 | 92,083 | $5.0M | 0.37% |
| 34 | GE VERNOVA INC | GEV | 8,110 | $5.0M | 0.37% |
| 35 | VISA INC | V | 14,294 | $4.9M | 0.36% |
| 36 | DIMENSIONAL ETF TRUST | 25434V401 | 64,006 | $4.6M | 0.34% |
| 37 | NORFOLK SOUTHN CORP | 655844108 | 15,016 | $4.5M | 0.33% |
| 38 | BROADCOM INC | AVGO | 13,249 | $4.4M | 0.32% |
| 39 | META PLATFORMS INC | META | 5,815 | $4.3M | 0.31% |
| 40 | HOME DEPOT INC | HD | 10,281 | $4.2M | 0.31% |
| 41 | INVESCO QQQ TR | IVZ | 6,667 | $4.0M | 0.29% |
| 42 | TRANE TECHNOLOGIES PLC | TT | 8,604 | $3.6M | 0.27% |
| 43 | ISHARES TR | 46435G672 | 64,528 | $3.3M | 0.24% |
| 44 | AMPHENOL CORP NEW | 032095101 | 24,462 | $3.0M | 0.22% |
| 45 | MASTERCARD INCORPORATED | MA | 5,103 | $2.9M | 0.21% |
| 46 | AMERICAN EXPRESS CO | AXP | 8,521 | $2.8M | 0.21% |
| 47 | EXXON MOBIL CORP | XOM | 24,170 | $2.7M | 0.20% |
| 48 | BLACKROCK INC | BLK | 2,313 | $2.7M | 0.20% |
| 49 | THERMO FISHER SCIENTIFIC INC | TMO | 5,080 | $2.5M | 0.18% |
| 50 | ABBVIE INC | ABBV | 10,261 | $2.4M | 0.17% |
| 51 | VANGUARD SCOTTSDALE FDS | 92206C599 | 8,048 | $2.4M | 0.17% |
| 52 | ISHARES TR | 464287630 | 13,312 | $2.4M | 0.17% |
| 53 | JOHNSON & JOHNSON | JNJ | 12,390 | $2.3M | 0.17% |
| 54 | VANGUARD WORLD FD | 921910873 | 9,400 | $2.3M | 0.17% |
| 55 | INVESCO EXCH TRADED FD TR II | IVZ | 45,000 | $2.3M | 0.17% |
| 56 | BOOKING HOLDINGS INC | BKNG | 409 | $2.2M | 0.16% |
| 57 | HONEYWELL INTL INC | 438516106 | 10,193 | $2.1M | 0.16% |
| 58 | PALO ALTO NETWORKS INC | PANW | 10,514 | $2.1M | 0.16% |
| 59 | UBER TECHNOLOGIES INC | UBER | 21,404 | $2.1M | 0.15% |
| 60 | VANGUARD TAX-MANAGED FDS | 921943858 | 34,835 | $2.1M | 0.15% |
| 61 | VANGUARD BD INDEX FDS | 921937827 | 25,628 | $2.0M | 0.15% |
| 62 | CATERPILLAR INC | CAT | 4,202 | $2.0M | 0.15% |
| 63 | PROGRESSIVE CORP | 743315103 | 8,052 | $2.0M | 0.15% |
| 64 | ISHARES TR | 464288240 | 27,858 | $1.8M | 0.13% |
| 65 | PHILIP MORRIS INTL INC | 718172109 | 10,797 | $1.8M | 0.13% |
| 66 | NEXTERA ENERGY INC | NEE-PW | 23,151 | $1.7M | 0.13% |
| 67 | LINDE PLC | LIN | 3,648 | $1.7M | 0.13% |
| 68 | FISERV INC | FISV | 13,426 | $1.7M | 0.13% |
| 69 | INTERCONTINENTAL EXCHANGE IN | 45866F104 | 10,085 | $1.7M | 0.13% |
| 70 | CHEVRON CORP NEW | CVX | 10,869 | $1.7M | 0.12% |
| 71 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 5,995 | $1.7M | 0.12% |
| 72 | SPDR S&P MIDCAP 400 ETF TR | MDY | 2,775 | $1.7M | 0.12% |
| 73 | OREILLY AUTOMOTIVE INC | 67103H107 | 15,119 | $1.6M | 0.12% |
| 74 | DANAHER CORPORATION | 235851102 | 8,187 | $1.6M | 0.12% |
| 75 | SYNOPSYS INC | SNPS | 3,284 | $1.6M | 0.12% |
| 76 | VANGUARD INDEX FDS | 922908611 | 7,436 | $1.6M | 0.11% |
| 77 | ISHARES TR | 464288885 | 13,440 | $1.5M | 0.11% |
| 78 | APPLIED MATLS INC | 038222105 | 7,458 | $1.5M | 0.11% |
| 79 | GOLDMAN SACHS GROUP INC | GSCE | 1,908 | $1.5M | 0.11% |
| 80 | GE AEROSPACE | 369604301 | 4,999 | $1.5M | 0.11% |
| 81 | UNION PAC CORP | UNP | 6,212 | $1.5M | 0.11% |
| 82 | WALMART INC | WMT | 13,740 | $1.4M | 0.10% |
| 83 | VANGUARD WORLD FD | 921910725 | 20,305 | $1.4M | 0.10% |
| 84 | QUALCOMM INC | QCOM | 8,438 | $1.4M | 0.10% |
| 85 | NETEASE INC | NETTF | 8,538 | $1.3M | 0.10% |
| 86 | ADOBE INC | ADBE | 3,662 | $1.3M | 0.10% |
| 87 | PNC FINL SVCS GROUP INC | 693475105 | 6,397 | $1.3M | 0.09% |
| 88 | SCHWAB CHARLES CORP | SCHW-PJ | 13,374 | $1.3M | 0.09% |
| 89 | TJX COS INC NEW | 872540109 | 8,490 | $1.2M | 0.09% |
| 90 | SELECT SECTOR SPDR TR | 81369Y803 | 4,312 | $1.2M | 0.09% |
| 91 | T-MOBILE US INC | TMUSZ | 5,057 | $1.2M | 0.09% |
| 92 | PARKER-HANNIFIN CORP | PH | 1,463 | $1.1M | 0.08% |
| 93 | VERISK ANALYTICS INC | VRSK | 4,358 | $1.1M | 0.08% |
| 94 | ISHARES TR | 46435U663 | 23,874 | $1.1M | 0.08% |
| 95 | DISNEY WALT CO | 254687106 | 9,188 | $1.1M | 0.08% |
| 96 | ACCENTURE PLC IRELAND | ACN | 4,196 | $1.0M | 0.08% |
| 97 | LAM RESEARCH CORP | LRCX | 7,178 | $961,135 | 0.07% |
| 98 | ELI LILLY & CO | LLY | 1,204 | $918,652 | 0.07% |
| 99 | BOEING CO | BA-PA | 4,187 | $903,681 | 0.07% |
| 100 | MUELLER INDS INC | 624756102 | 8,903 | $900,183 | 0.07% |
| 101 | FIDELITY COVINGTON TRUST | 316092808 | 4,010 | $890,902 | 0.07% |
| 102 | TE CONNECTIVITY PLC | TEL | 4,028 | $884,267 | 0.07% |
| 103 | KINDER MORGAN INC DEL | EP-PC | 29,563 | $836,929 | 0.06% |
| 104 | UNITEDHEALTH GROUP INC | UNH | 2,396 | $827,339 | 0.06% |
| 105 | VANGUARD WORLD FD | 92204A405 | 6,170 | $809,751 | 0.06% |
| 106 | MPLX LP | MPLXP | 15,270 | $762,737 | 0.06% |
| 107 | ENTERPRISE PRODS PARTNERS L | 293792107 | 24,156 | $755,359 | 0.06% |
| 108 | VANGUARD INDEX FDS | 922908637 | 2,443 | $752,102 | 0.06% |
| 109 | RTX CORPORATION | RTX | 4,490 | $751,337 | 0.06% |
| 110 | ISHARES TR | 46435G243 | 28,543 | $722,424 | 0.05% |
| 111 | PLAINS ALL AMERN PIPELINE L | 726503105 | 41,850 | $713,961 | 0.05% |
| 112 | RENASANT CORP | RNST | 18,586 | $685,638 | 0.05% |
| 113 | ENERGY TRANSFER L P | ET-PI | 39,840 | $683,655 | 0.05% |
| 114 | ISHARES INC | 46434G863 | 15,671 | $680,435 | 0.05% |
| 115 | REGIONS FINANCIAL CORP NEW | RF-PF | 25,747 | $678,949 | 0.05% |
| 116 | SELECT SECTOR SPDR TR | 81369Y852 | 5,659 | $669,856 | 0.05% |
| 117 | PRUDENTIAL FINL INC | PUKPF | 6,219 | $645,160 | 0.05% |
| 118 | INVESCO EXCH TRADED FD TR II | IVZ | 10,346 | $632,917 | 0.05% |
| 119 | FASTENAL CO | FAST | 12,838 | $629,576 | 0.05% |
| 120 | EVERCORE INC | EVR | 1,854 | $625,392 | 0.05% |
| 121 | TARGA RES CORP | TRGP | 3,731 | $625,092 | 0.05% |
| 122 | ASML HOLDING N V | ASMLF | 641 | $620,546 | 0.05% |
| 123 | OMNICOM GROUP INC | OMC | 7,554 | $615,878 | 0.05% |
| 124 | MARATHON PETE CORP | MARA | 3,176 | $612,143 | 0.05% |
| 125 | STARBUCKS CORP | SBUX | 7,126 | $602,860 | 0.04% |
| 126 | ABBOTT LABS | ABLZF | 4,440 | $594,694 | 0.04% |
| 127 | VANGUARD WORLD FD | 92204A108 | 1,498 | $593,433 | 0.04% |
| 128 | INTUIT | INTU | 867 | $592,083 | 0.04% |
| 129 | PRICE T ROWE GROUP INC | TROW | 5,711 | $586,178 | 0.04% |
| 130 | SIMPSON MFG INC | 829073105 | 3,469 | $580,919 | 0.04% |
| 131 | UFP INDUSTRIES INC | UFPI | 6,203 | $579,981 | 0.04% |
| 132 | WISDOMTREE TR | WT | 6,280 | $558,669 | 0.04% |
| 133 | MERCK & CO INC | MRK | 6,507 | $546,123 | 0.04% |
| 134 | PEPSICO INC | PEP | 3,867 | $543,069 | 0.04% |
| 135 | NEBIUS GROUP N.V. | NBIS | 4,820 | $541,142 | 0.04% |
| 136 | CHENIERE ENERGY INC | LNG | 2,279 | $535,520 | 0.04% |
| 137 | SONY GROUP CORP | SNEJF | 18,582 | $534,976 | 0.04% |
| 138 | WESTERN MIDSTREAM PARTNERS L | WES | 13,450 | $528,451 | 0.04% |
| 139 | UNITED THERAPEUTICS CORP DEL | UTHR | 1,217 | $510,179 | 0.04% |
| 140 | VANGUARD INDEX FDS | 922908629 | 1,704 | $500,533 | 0.04% |
| 141 | VANGUARD WORLD FD | 92204A603 | 1,650 | $488,879 | 0.04% |
| 142 | WELLS FARGO CO NEW | 949746101 | 5,695 | $477,334 | 0.04% |
| 143 | MCDONALDS CORP | MCD | 1,558 | $473,596 | 0.03% |
| 144 | HESS MIDSTREAM LP | HESM | 13,690 | $472,990 | 0.03% |
| 145 | SILICON MOTION TECHNOLOGY CO | SIMO | 4,956 | $469,879 | 0.03% |
| 146 | TRUIST FINL CORP | 89832Q109 | 10,171 | $465,019 | 0.03% |
| 147 | SCHWAB STRATEGIC TR | 808524102 | 18,087 | $465,017 | 0.03% |
| 148 | CISCO SYS INC | CSCO | 6,644 | $454,583 | 0.03% |
| 149 | BANK AMERICA CORP | 060505104 | 8,787 | $453,322 | 0.03% |
| 150 | VEEVA SYS INC | VEEV | 1,518 | $452,228 | 0.03% |
| 151 | GENERAL DYNAMICS CORP | GD | 1,317 | $449,097 | 0.03% |
| 152 | DESCARTES SYS GROUP INC | 249906108 | 4,552 | $428,935 | 0.03% |
| 153 | SELECT SECTOR SPDR TR | 81369Y209 | 3,079 | $428,505 | 0.03% |
| 154 | ELEVANCE HEALTH INC FORMERLY | ELV | 1,322 | $427,165 | 0.03% |
| 155 | WILLIAMS COS INC | 969457100 | 6,705 | $424,762 | 0.03% |
| 156 | ULTA BEAUTY INC | ULTA | 767 | $419,358 | 0.03% |
| 157 | EXPEDITORS INTL WASH INC | 302130109 | 3,418 | $419,013 | 0.03% |
| 158 | NIKE INC | NKE | 5,990 | $417,683 | 0.03% |
| 159 | ALIBABA GROUP HLDG LTD | BBAAY | 2,319 | $414,475 | 0.03% |
| 160 | TESLA INC | TSLA | 926 | $411,811 | 0.03% |
| 161 | ISHARES TR | 464287176 | 3,699 | $411,403 | 0.03% |
| 162 | SPDR SERIES TRUST | 78464A854 | 5,177 | $405,567 | 0.03% |
| 163 | VANGUARD SCOTTSDALE FDS | 92206C730 | 1,332 | $402,731 | 0.03% |
| 164 | DELL TECHNOLOGIES INC | DELL | 2,793 | $395,964 | 0.03% |
| 165 | NOVO-NORDISK A S | NONOF | 7,087 | $393,258 | 0.03% |
| 166 | SHELL PLC | RYDAF | 5,446 | $389,553 | 0.03% |
| 167 | COPART INC | CPRT | 8,574 | $385,573 | 0.03% |
| 168 | DT MIDSTREAM INC | DTM | 3,398 | $384,178 | 0.03% |
| 169 | ORIX CORP | ORXCF | 14,704 | $384,069 | 0.03% |
| 170 | VAIL RESORTS INC | MTN | 2,562 | $383,199 | 0.03% |
| 171 | SAP SE | SAPGF | 1,434 | $383,180 | 0.03% |
| 172 | FRANKLIN RESOURCES INC | BEN | 16,130 | $373,087 | 0.03% |
| 173 | MITSUBISHI UFJ FINL GROUP IN | 606822104 | 23,205 | $369,888 | 0.03% |
| 174 | TOTALENERGIES SE | TTE | 6,176 | $368,646 | 0.03% |
| 175 | S&P GLOBAL INC | SPGI | 749 | $364,546 | 0.03% |
| 176 | SIRIUSXM HOLDINGS INC | 829933100 | 15,490 | $360,530 | 0.03% |
| 177 | GRAND CANYON ED INC | LOPE | 1,630 | $357,818 | 0.03% |
| 178 | AGILENT TECHNOLOGIES INC | A | 2,750 | $352,963 | 0.03% |
| 179 | BRISTOL-MYERS SQUIBB CO | CELG-RI | 7,814 | $352,412 | 0.03% |
| 180 | FIDELITY NATL INFORMATION SV | 31620M106 | 5,292 | $348,955 | 0.03% |
| 181 | TEXAS INSTRS INC | 882508104 | 1,882 | $345,780 | 0.03% |
| 182 | RESTAURANT BRANDS INTL INC | 76131D103 | 5,372 | $344,561 | 0.03% |
| 183 | FIDELITY MERRIMACK STR TR | 316188309 | 7,302 | $337,645 | 0.02% |
| 184 | CANADIAN PACIFIC KANSAS CITY | CP | 4,525 | $337,068 | 0.02% |
| 185 | CRH PLC | CRH | 2,749 | $329,606 | 0.02% |
| 186 | NATWEST GROUP PLC | RBSPF | 22,984 | $325,224 | 0.02% |
| 187 | MEDPACE HLDGS INC | MEDP | 632 | $324,950 | 0.02% |
| 188 | MASIMO CORP | MASI | 2,172 | $320,631 | 0.02% |
| 189 | WELLTOWER INC | WELL | 1,790 | $318,791 | 0.02% |
| 190 | COLUMBIA BKG SYS INC | 197236102 | 11,962 | $307,902 | 0.02% |
| 191 | HDFC BANK LTD | HDB | 8,997 | $307,338 | 0.02% |
| 192 | MERCADOLIBRE INC | MELI | 131 | $306,140 | 0.02% |
| 193 | SUNCOR ENERGY INC NEW | SU | 7,225 | $302,078 | 0.02% |
| 194 | LAMB WESTON HLDGS INC | LW | 5,169 | $300,216 | 0.02% |
| 195 | DOXIMITY INC | DOCS | 4,083 | $298,672 | 0.02% |
| 196 | NUTRIEN LTD | NTR | 5,026 | $295,077 | 0.02% |
| 197 | AT&T INC | T-PC | 10,391 | $293,437 | 0.02% |
| 198 | ING GROEP N.V. | INGVF | 11,138 | $290,480 | 0.02% |
| 199 | KINETIK HOLDINGS INC | KNTK | 6,751 | $288,538 | 0.02% |
| 200 | ASTRAZENECA PLC | AZN | 3,698 | $283,711 | 0.02% |
| 201 | FEDEX CORP | FDX | 1,196 | $282,029 | 0.02% |
| 202 | SEI INVTS CO | 784117103 | 3,288 | $278,987 | 0.02% |
| 203 | CARMAX INC | KMX | 6,034 | $270,746 | 0.02% |
| 204 | MEDTRONIC PLC | MDT | 2,817 | $268,292 | 0.02% |
| 205 | SMITH A O CORP | AOS | 3,620 | $265,745 | 0.02% |
| 206 | ONEOK INC NEW | OKE | 3,607 | $263,203 | 0.02% |
| 207 | FEDERATED HERMES INC | FHI | 5,004 | $259,858 | 0.02% |
| 208 | CASELLA WASTE SYS INC | CWST | 2,725 | $258,548 | 0.02% |
| 209 | EOG RES INC | EOG | 2,267 | $254,177 | 0.02% |
| 210 | CONSTRUCTION PARTNERS INC | ROAD | 2,000 | $254,000 | 0.02% |
| 211 | THOR INDS INC | 885160101 | 2,413 | $250,204 | 0.02% |
| 212 | PFIZER INC | PFE | 9,783 | $249,271 | 0.02% |
| 213 | GENTEX CORP | GNTX | 8,764 | $248,022 | 0.02% |
| 214 | EATON CORP PLC | ETN | 661 | $247,380 | 0.02% |
| 215 | AXON ENTERPRISE INC | AXON | 343 | $246,151 | 0.02% |
| 216 | SOUTHERN CO | SOMN | 2,556 | $242,233 | 0.02% |
| 217 | TOYOTA MOTOR CORP | TOYOF | 1,267 | $242,112 | 0.02% |
| 218 | KADANT INC | KAI | 811 | $241,338 | 0.02% |
| 219 | SELECT SECTOR SPDR TR | 81369Y308 | 3,008 | $235,737 | 0.02% |
| 220 | CCC INTELLIGENT SOLUTIONS HL | CCC | 25,666 | $233,818 | 0.02% |
| 221 | MOTOROLA SOLUTIONS INC | MSI | 510 | $233,218 | 0.02% |
| 222 | COMCAST CORP NEW | CCZ | 7,384 | $232,006 | 0.02% |
| 223 | SYSCO CORP | SYY | 2,815 | $231,788 | 0.02% |
| 224 | ESCO TECHNOLOGIES INC | ESE | 1,097 | $231,588 | 0.02% |
| 225 | RBC BEARINGS INC | RBC | 590 | $230,272 | 0.02% |
| 226 | SPS COMM INC | SPSC | 2,200 | $229,108 | 0.02% |
| 227 | HP INC | HPQ | 8,201 | $223,314 | 0.02% |
| 228 | ENSIGN GROUP INC | ENSG | 1,276 | $220,455 | 0.02% |
| 229 | UNITED PARCEL SERVICE INC | UPS | 2,639 | $220,436 | 0.02% |
| 230 | EXPONENT INC | EXPO | 3,172 | $220,391 | 0.02% |
| 231 | WORKIVA INC | WK | 2,543 | $218,902 | 0.02% |
| 232 | RB GLOBAL INC | RBA | 1,975 | $214,011 | 0.02% |
| 233 | FIRSTSERVICE CORP NEW | FSV | 1,123 | $213,921 | 0.02% |
| 234 | KLA CORP | KLAC | 193 | $208,170 | 0.02% |
| 235 | STEVANATO GROUP S P A | STVN | 7,960 | $204,970 | 0.02% |
| 236 | ALCON AG | ALC | 2,698 | $201,028 | 0.01% |
| 237 | ICON PLC | ICLR | 1,144 | $200,246 | 0.01% |
| 238 | GLADSTONE INVT CORP | 376546107 | 10,918 | $150,892 | 0.01% |
| 239 | HILLMAN SOLUTIONS CORP | HLMN | 14,753 | $135,433 | 0.01% |
| 240 | WIPRO LTD | WIT | 14,761 | $38,822 | 0.00% |