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Livermore
Livermore
ZHEN

Hardy Reed LLC

SEC CIK
0001761871
Latest filing
Aug 3, 2026

The latest 13F from Hardy Reed LLC covers Q2 2026 (filed Aug 3, 2026): 252 long positions worth $1.56B. The top 10 holdings make up 65.7% of the portfolio, and the largest is Vanguard Morningstar Total Stock Market ETF at 18.6%. Livermore has 25 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
29
Est. +$17.7M
Added
101
Est. +$22.0M
Reduced
67
Est. −$8.55M
Sold out
20
Est. −$12.2M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Morningstar Total Stock Market ETF922908769
    18.6%$289.4M
  2. Vanguard S&P 500 ETF922908363
    12.1%$189.0M
  3. iShares Core MSCI Total International Stock ETF46432F834
    9.7%$151.3M
  4. JPMJPMorgan Chase & Co
    8.4%$131.4MHistory
  5. Vanguard Total International Bond ETF92203J407
    4.8%$74.4M

Share of portfolio

Top 5 holdings and the other 247 positions, by share of portfolio value

  1. Vanguard Morningstar Total Stock Market ETF18.6%
  2. Vanguard S&P 500 ETF12.1%
  3. iShares Core MSCI Total International Stock ETF9.7%
  4. JPM8.4%
  5. Vanguard Total International Bond ETF4.8%
  6. Other 247 positions46.4%

Biggest buys

New and added positions, by estimated amount bought

  1. AZOAutoZone Inc
    +$4.54MNewHistory
  2. Vanguard Morningstar Total Stock Market ETF922908769
    +$4.24MAdded
  3. Vanguard Total International Bond ETF92203J407
    +$3.97MAdded
  4. Dimensional ETF Trust25434V625
    +$3.81MAdded
  5. LLYEli Lilly & Co
    +$2.67MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. Vanguard Morningstar Total Stock Market ETF922908769
    +0.55 pp18.0% → 18.6%
  2. AZOAutoZone Inc
    +0.29 pp0.0% → 0.3%History
  3. Dimensional ETF Trust25434V625
    +0.25 pp1.8% → 2.1%
  4. LLYEli Lilly & Co
    +0.18 pp0.1% → 0.3%History
  5. HONHoneywell International Inc
    +0.15 pp0.0% → 0.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. HONHoneywell International Inc
    −$2.34MSold outHistory
  2. CVXChevron Corp
    −$2.26MSold outHistory
  3. TMOThermo Fisher Scientific Inc.
    −$1.98MSold outHistory
  4. Vanguard S&P 500 ETF922908363
    −$1.74MReduced
  5. TMUST-Mobile US, Inc.
    −$1.26MSold outHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. iShares Core MSCI Total International Stock ETF46432F834
    −0.31 pp10.0% → 9.7%
  2. Schwab Fundamental International Equity ETF808524755
    −0.25 pp3.8% → 3.6%
  3. HONHoneywell International Inc
    −0.17 pp0.2% → 0.0%History
  4. CVXChevron Corp
    −0.16 pp0.2% → 0.0%History
  5. State Street SPDR Portfolio Short Term Corporate Bond ETF78464A474
    −0.16 pp1.3% → 1.1%

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$1.56B
+$186.7M (+13.6%) vs. prior quarter
Positions
252
+9 vs. prior quarter
Top 10 concentration
65.7%
Top 10 as share of value
Turnover
1.4%
Q2 2026, one quarter
Average holding period
18.4 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $1.56B (Q2 2026)

Q1 2021: $521.3MQ2 2021: $562.1MQ3 2021: $562.5MQ4 2021: $607.2MQ1 2022: $533.4MQ2 2022: $466.7MQ3 2022: $452.1MQ4 2022: $529.1MQ1 2023: $568.4MQ2 2023: $567.5MQ3 2023: $551.7MQ4 2023: $738.4MQ1 2024: $805.0MQ2 2024: $995.6MQ3 2024: $1.12BQ4 2024: $1.13BQ1 2025: $1.13BQ2 2025: $1.25BQ3 2025: $1.36BQ4 2025: $1.40BQ1 2026: $1.37BQ2 2026: $1.56B
Q1 2021Q2 2026
13F filings of Hardy Reed LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 3, 2026252$1.56BVanguard Morningstar Total Stock Market ETFVanguard S&P 500 ETFiShares Core MSCI Total International Stock ETFvs. Q1 2026SEC
Q1 2026Apr 28, 2026243$1.37BVanguard Morningstar Total Stock Market ETFVanguard S&P 500 ETFiShares Core MSCI Total International Stock ETFvs. Q4 2025SEC
Q4 2025Feb 6, 2026239$1.40BVanguard Morningstar Total Stock Market ETFVanguard S&P 500 ETFiShares Core MSCI Total International Stock ETFvs. Q3 2025SEC
Q3 2025Nov 7, 2025240$1.36BVanguard Morningstar Total Stock Market ETFVanguard S&P 500 ETFiShares Core MSCI Total International Stock ETFvs. Q2 2025SEC
Q2 2025Jul 23, 2025247$1.25BVanguard Morningstar Total Stock Market ETFVanguard S&P 500 ETFiShares Core MSCI Total International Stock ETFvs. Q1 2025SEC
Q1 2025May 2, 2025236$1.13BVanguard Morningstar Total Stock Market ETFVanguard S&P 500 ETFiShares Core MSCI Total International Stock ETFvs. Q4 2024SEC
Q4 2024Feb 3, 2025246$1.13BVanguard Morningstar Total Stock Market ETFVanguard S&P 500 ETFiShares Core MSCI Total International Stock ETFvs. Q3 2024SEC
Q3 2024Nov 13, 2024243$1.12BVanguard Morningstar Total Stock Market ETFVanguard S&P 500 ETFiShares Core MSCI Total International Stock ETFvs. Q2 2024SEC
Q2 2024Aug 12, 2024228$995.6MVanguard Morningstar Total Stock Market ETFVanguard S&P 500 ETFiShares Core MSCI Total International Stock ETFvs. Q1 2024SEC
Q1 2024May 2, 2024117$805.0MVanguard Morningstar Total Stock Market ETFVanguard S&P 500 ETFiShares Core MSCI Total International Stock ETFvs. Q4 2023SEC
Q4 2023Feb 13, 2024Amended116$738.4MVanguard Morningstar Total Stock Market ETFVanguard S&P 500 ETFiShares Core MSCI Total International Stock ETFvs. Q3 2023SEC
Q3 2023Nov 9, 2023104$551.7MVanguard Morningstar Total Stock Market ETFVanguard S&P 500 ETFiShares Core MSCI Total International Stock ETFvs. Q2 2023SEC
Q2 2023Aug 14, 202398$567.5MVanguard Morningstar Total Stock Market ETFVanguard S&P 500 ETFiShares Core MSCI Total International Stock ETFvs. Q1 2023SEC
Q1 2023May 4, 2023111$568.4MVanguard Morningstar Total Stock Market ETFVanguard S&P 500 ETFiShares Core MSCI Total International Stock ETFvs. Q4 2022SEC
Q4 2022Feb 13, 2023Amended109$529.1MVanguard Morningstar Total Stock Market ETFVanguard S&P 500 ETFiShares Core MSCI Total International Stock ETFvs. Q3 2022SEC
Q3 2022Oct 31, 202287$452.1MVanguard Morningstar Total Stock Market ETFVanguard S&P 500 ETFiShares Core MSCI Total International Stock ETFvs. Q2 2022SEC
Q2 2022Jul 28, 202281$466.7MVanguard Morningstar Total Stock Market ETFVanguard S&P 500 ETFiShares Core MSCI Total International Stock ETFvs. Q1 2022SEC
Q1 2022May 3, 2022Amended82$533.4MVanguard Morningstar Total Stock Market ETFVanguard S&P 500 ETFiShares Core MSCI Total International Stock ETFvs. Q4 2021SEC
Q4 2021Feb 10, 2022106$607.2MVanguard Morningstar Total Stock Market ETFVanguard S&P 500 ETFiShares Core MSCI Total International Stock ETFvs. Q3 2021SEC
Q3 2021Nov 4, 2021103$562.5MVanguard Morningstar Total Stock Market ETFVanguard S&P 500 ETFiShares Core MSCI Total International Stock ETFvs. Q2 2021SEC
Q2 2021Jul 22, 2021104$562.1MVanguard Morningstar Total Stock Market ETFVanguard S&P 500 ETFiShares Core MSCI Total International Stock ETFvs. Q1 2021SEC
Q1 2021Apr 26, 2021101$521.3MVanguard Morningstar Total Stock Market ETFVanguard S&P 500 ETFiShares Core MSCI Total International Stock ETF–SEC