Institutional Manager · CIK 0001761871

Hardy Reed LLC

TUPELO, MS · File #028-19012

Latest AUM

$1.40B

Positions

239

Top-10 Concentration

73.6%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
ADD	VANGUARD CHARLOTTE FDS	92203J407	+92,861	+$4.5M	-$1.5M
ADD	VANGUARD SCOTTSDALE FDS	92206C409	+52,315	+$4.2M	-$51,548
ADD	DIMENSIONAL ETF TRUST	25434V625	+32,016	+$2.4M	+$503,233
ADD	ISHARES TR	46432F834	+17,625	+$1.5M	+$3.3M
ADD	SCHWAB STRATEGIC TR	808524755	+24,760	+$1.1M	+$2.3M
REDUCE	VANGUARD WHITEHALL FDS	921946406	-7,759	-$1.1M	+$330,518
ADD	VANGUARD INDEX FDS	922908769	+3,318	+$1.1M	+$5.4M
ADD	PNC FINL SVCS GROUP INC	693475105	+5,263	+$1.1M	+$49,896
REDUCE	UNION PAC CORP	UNP	-4,189	-$969,001	-$31,369
REDUCE	VANGUARD STAR FDS	921909768	-8,923	-$673,151	+$781,332

Sector Allocation

Technology

5.7%$80.0M

Financials

1.8%$25.0M

Industrials

1.4%$19.3M

Consumer Discretionary

1.3%$17.7M

Healthcare

1.1%$15.3M

Energy

0.6%$8.7M

Communication Services

0.4%$5.1M

Materials

0.2%$2.8M

Consumer Staples

0.2%$2.7M

Real Estate

0.0%$371,137

Filing History

Feb 6, 202613F HOLDINGS REPORTQ/E Dec 2025239 pos · $1.40B
Nov 7, 202513F HOLDINGS REPORTQ/E Sep 2025240 pos · $1.36B
Jul 23, 202513F HOLDINGS REPORTQ/E Jun 2025247 pos · $1.25B
May 2, 202513F HOLDINGS REPORTQ/E Mar 2025237 pos · $1.13B
Feb 3, 202513F HOLDINGS REPORTQ/E Dec 2024247 pos · $1.13B
Nov 13, 202413F HOLDINGS REPORTQ/E Sep 2024243 pos · $1.12B
Aug 12, 202413F HOLDINGS REPORTQ/E Jun 2024229 pos · $995.6M
May 2, 202413F HOLDINGS REPORTQ/E Mar 2024118 pos · $805.0M
Nov 9, 202313F HOLDINGS REPORTQ/E Dec 2023105 pos · $551.7M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	VANGUARD INDEX FDS	922908769	763,393	$255.9M	20.26%
2	VANGUARD INDEX FDS	922908363	281,146	$176.3M	13.95%
3	ISHARES TR	46432F834	1,596,075	$135.1M	10.69%
4	JPMORGAN CHASE & CO.	VYLD	400,971	$129.2M	10.22%
5	VANGUARD CHARLOTTE FDS	92203J407	1,391,168	$67.2M	5.32%
6	SCHWAB STRATEGIC TR	808524755	1,063,427	$48.1M	3.80%
7	APPLE INC	AAPL	134,792	$36.6M	2.90%
8	VANGUARD STAR FDS	921909768	385,689	$29.1M	2.30%
9	BERKSHIRE HATHAWAY INC DEL	BRK-A	36	$27.2M	2.15%
10	VANGUARD SCOTTSDALE FDS	92206C409	310,054	$24.7M	1.96%
11	DIMENSIONAL ETF TRUST	25434V625	329,788	$24.3M	1.92%
12	SPDR S&P 500 ETF TR	SPY	31,461	$21.5M	1.70%
13	ALPHABET INC	GOOG	56,756	$17.8M	1.41%
14	ISHARES TR	464287200	25,495	$17.5M	1.38%
15	VANGUARD WHITEHALL FDS	921946406	120,847	$17.3M	1.37%
16	SPDR SERIES TRUST	78464A474	568,878	$17.2M	1.36%
17	ISHARES TR	464287804	132,434	$15.9M	1.26%
18	MICROSOFT CORP	MSFT	27,082	$13.1M	1.04%
19	ISHARES TR	464287614	27,637	$13.1M	1.04%
20	ISHARES TR	464287507	189,162	$12.5M	0.99%