SEC 13F Intelligence

Managers / Q1 2025 · view latest →

HICKORY ASSET MANAGEMENT, INC.

CIK 0002053626 · 9930 JOHNNYCAKE RIDGE RD, #2B, CONCORD, OH, 44060 · 440-358-1330

Reported Value
$113M
Q1 2025
Positions
89
Filings on Record
3
2019–present window
Filed
Apr 16, 2025
original filing

Summary

Hickory Asset Management, Inc. reported $113M in U.S.-listed holdings across 89 positions for Q1 2025.

Its largest position, First Tr Exchng Traded Fd Vi, represents 16.9% of the portfolio.

Compared with Q4 2024, the fund opened 2 new positions and exited 3.

Portfolio Metrics

Turnover
+3.4%
vs prior filed quarter
Top-10 Concentration
+66.6%
share of reported value
Largest Position
+16.9%
First Tr Exchng Traded Fd Vi
New / Exited
2 / 3
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’24: $118MQ4 ’24Q1 ’25: $113MQ1 ’25Q2 ’25: $121MQ2 ’25filingsflow.com

Portfolio Composition

By security type
ETP: 74.3%Common Stock: 24.1%ADR: 1.2%Other: 0.4%
  • ETP · 74.3% · $84M
  • Common Stock · 24.1% · $27M
  • ADR · 1.2% · $1M
  • Other · 0.4% · $436,135

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NSCNORFOLK SOUTHN CORPNEW+1.5K1.5K+$344,112$344,112
XLVSELECT SECTOR SPDR TRNEW+1.4K1.4K+$206,273$206,273
FIRST TR EXCHNG TRADED FD VIADDED+26.5K46.2K+$1M$2M
FIRST TR EXCHNG TRADED FD VISOLD OUT−13.0K0−$483,535$0
SBUXSTARBUCKS CORPSOLD OUT−4.5K0−$408,359$0
FIRST TR EXCHNG TRADED FD VISOLD OUT−5.1K0−$204,714$0
PYLDPIMCO ETF TRADDED+23.1K48.1K+$618,315$1M
AMATAPPLIED MATLS INCADDED+7382.6K+$74,607$376,611

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2025

68 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1FIRST TR EXCHNG TRADED FD VIFT VEST US EQT · FT VEST U.S. · FT VEST NAS · FT VEST UQ EQT16.87%$19M487.9K
2VOOVANGUARD INDEX FDSS&P 500 ETF SHS · VALUE ETF · GROWTH ETF · MCAP VL IDXVIP15.11%$17M56.0K
3RDVYFIRST TR EXCHANGE TRADED FDRISNG DIVD ACHIV · SMID RISNG ETF · FIRST TR ENH NEW · FT VEST RIS7.56%$9M175.3K
4QQQINVESCO QQQ TRhistory →UNIT SER 15.39%$6M12.9K
5QQQMINVESCO EXCH TRADED FD TR IIhistory →NASDAQ 100 ETF4.75%$5M27.7K
6VYMVANGUARD WHITEHALL FDShistory →HIGH DIV YLD4.17%$5M36.4K
7SPGPINVESCO EXCHANGE TRADED FD TS&P 500 GARP ETF · S&P500 EQL WGT · AEROSPACE DEFN3.61%$4M35.2K
8SPYGSPDR SER TRPRTFLO S&P500 GW · PRTFLO S&P500 VL3.10%$3M48.9K
9FPEIFIRST TR EXCH TRADED FD IIIPFD SECS INC ETF · INSTL PFD SECS3.06%$3M192.9K
10VIGVANGUARD SPECIALIZED FUNDShistory →DIV APP ETF2.96%$3M17.2K
11GOOGLALPHABET INCCAP STK CL A · CAP STK CL C1.96%$2M14.3K
12COWZPACER FDS TRUS CASH COWS 100 · US SMALL CAP CAS1.95%$2M47.1K
13METAMETA PLATFORMS INChistory →CL A1.60%$2M3.1K
14MOATVANECK ETF TRUSThistory →MRNGSTR WDE MOAT1.58%$2M20.2K
15MSFTMICROSOFT CORPhistory →COM1.48%$2M4.5K
16AMZNAMAZON COM INChistory →COM1.30%$1M7.7K
17BKNGBOOKING HOLDINGS INChistory →COM1.29%$1M315
18VVISA INChistory →COM CL A1.22%$1M3.9K
19SCHWSCHWAB CHARLES CORPhistory →COM1.17%$1M16.8K
20PYLDPIMCO ETF TRhistory →MULTISECTOR BD1.13%$1M48.1K
21ELVELEVANCE HEALTH INCCOM0.99%$1M2.6K
22VRIGINVESCO ACTIVELY MANAGED EXCVAR RATE INVT0.96%$1M43.1K
23MAMASTERCARD INCORPORATEDCL A0.94%$1M1.9K
24IQVIQVIA HLDGS INCCOM0.72%$806,7494.6K
25AAPLAPPLE INCCOM0.64%$717,5253.2K
26CORCENCORA INCCOM0.61%$684,6132.5K
27TSMTAIWAN SEMICONDUCTOR MFG LTDSPONSORED ADS0.60%$673,7344.1K
28PMPHILIP MORRIS INTL INCCOM0.59%$666,3594.2K
29VCSHVANGUARD SCOTTSDALE FDSSHRT TRM CORP BD0.59%$660,0708.4K
30PFFDGLOBAL X FDSUS PFD ETF0.58%$651,15634.2K
31DISDISNEY WALT COCOM0.55%$616,8106.2K
32APDAIR PRODS & CHEMS INCCOM0.52%$588,7212.0K
33UNHUNITEDHEALTH GROUP INCCOM0.49%$549,9501.1K
34CHKPCHECK POINT SOFTWARE TECH LTORD0.49%$545,8682.4K
35JPMJPMORGAN CHASE & CO.COM0.46%$520,4922.1K
36ADSKAUTODESK INCCOM0.44%$495,3261.9K
37KMXCARMAX INCCOM0.40%$449,7545.8K
38QCOMQUALCOMM INCCOM0.39%$438,7472.9K
39UNILEVER PLCSPON ADR NEW0.39%$436,1357.3K
40COPCONOCOPHILLIPSCOM0.36%$402,9253.8K
41VEEVVEEVA SYS INCCL A COM0.36%$401,8781.7K
42NVSNOVARTIS AGSPONSORED ADR0.34%$386,3293.5K
43CRMSALESFORCE INCCOM0.34%$377,6311.4K
44AMATAPPLIED MATLS INCCOM0.33%$376,6112.6K
45BNYBANK NEW YORK MELLON CORPCOM0.32%$358,9874.3K
46NSCNORFOLK SOUTHN CORPCOM0.31%$344,1121.5K
47ORCLORACLE CORPCOM0.30%$335,8192.4K
48ADIANALOG DEVICES INCCOM0.30%$334,8621.7K
49DEODIAGEO PLCSPON ADR NEW0.28%$318,8243.0K
50BACBANK AMERICA CORPCOM0.28%$314,6197.5K
51EXMOCEXXON MOBIL CORPCOM0.27%$305,1522.6K
52EBAYEBAY INC.COM0.27%$303,6914.5K
53JPSTJ P MORGAN EXCHANGE TRADED FULTRA SHRT ETF0.26%$297,9585.9K
54ADBEADOBE INCCOM0.25%$286,113746
55QQQEDIREXION SHS ETF TRNAS100 EQL WGT0.25%$281,9323.2K
56MCKMCKESSON CORPCOM0.25%$280,556417
57ECLECOLAB INCCOM0.24%$268,1781.1K
58LOWLOWES COS INCCOM0.23%$258,4051.1K
59GDGENERAL DYNAMICS CORPCOM0.23%$257,254944
60MCDMCDONALDS CORPCOM0.22%$251,901806
61MDTMEDTRONIC PLCSHS0.22%$248,4632.8K
62BDXBECTON DICKINSON & COCOM0.21%$237,4481.0K
63CMCSACOMCAST CORP NEWCL A0.21%$236,1666.4K
64RTXRTX CORPORATIONCOM0.20%$226,2101.7K
65DESWISDOMTREE TRUS SMALLCAP DIVD0.19%$216,5706.8K
66XLVSELECT SECTOR SPDR TRSBI HEALTHCARE0.18%$206,2731.4K
67TSLATESLA INCCOM0.18%$204,736790
68DNNDENISON MINES CORPCOM0.01%$13,00010.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q2 2025$121M91Jul 22, 202513F-HRchanges · EDGAR ↗
Q1 2025$113M89Apr 16, 202513F-HRchanges · EDGAR ↗
Q4 2024$118M90Jan 30, 202513F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.