# EDGAR Filing Document

**Accession Number:** 0002053626
**File Stem:** 0001667731-25-000904
**Filing Date:** 2025-7
**Character Count:** 12810
**Document Hash:** eb5073791531e5a1a684b5517a426193
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001667731-25-000904.hdr.sgml**: 20250722

**ACCESSION NUMBER**: 0001667731-25-000904

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250722

**DATE AS OF CHANGE**: 20250722

**EFFECTIVENESS DATE**: 20250722

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HICKORY ASSET MANAGEMENT, INC.
- **CENTRAL INDEX KEY:** 0002053626

**ORGANIZATION NAME:**
- **EIN:** 030497478
- **STATE OF INCORPORATION:** OH
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-24684
- **FILM NUMBER:** 251138774

**BUSINESS ADDRESS:**
- **STREET 1:** 9930 JOHNNYCAKE RIDGE RD
- **STREET 2:** #2B
- **CITY:** CONCORD
- **STATE:** OH
- **ZIP:** 44060
- **BUSINESS PHONE:** 440-358-1330

**MAIL ADDRESS:**
- **STREET 1:** 9930 JOHNNYCAKE RIDGE RD
- **STREET 2:** #2B
- **CITY:** CONCORD
- **STATE:** OH
- **ZIP:** 44060

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** HICKORY ASSET MANAGEMENT INC.<br>**Address:** 9930 Johnnycake Ridge Rd

#2b<br>Concord, OH 44060

**Form 13F File Number:** 028-24684

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Ryan Robert Robaugh<br>**Title:** CCO<br>**Phone:** 440-358-1330

**Signature, Place, and Date of Signing:**

/s/ Ryan Robert Robaugh  Concord, OH  07-22-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 91

**Form 13F Information Table Value Total:** $120922650

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ADOBE INC | COM | 00724F101 |  | 290160 | 750 | SH |  | SOLE |  | 0 | 0 | 750 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 573000 | 2031 | SH |  | SOLE |  | 0 | 0 | 2031 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 2093527 | 11880 | SH |  | SOLE |  | 0 | 0 | 11880 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 415813 | 2344 | SH |  | SOLE |  | 0 | 0 | 2344 |
| AMAZON COM INC | COM | 023135106 |  | 1694788 | 7725 | SH |  | SOLE |  | 0 | 0 | 7725 |
| ANALOG DEVICES INC | COM | 032654105 |  | 407535 | 1712 | SH |  | SOLE |  | 0 | 0 | 1712 |
| APPLE INC | COM | 037833100 |  | 577540 | 2815 | SH |  | SOLE |  | 0 | 0 | 2815 |
| APPLIED MATLS INC | COM | 038222105 |  | 664668 | 3631 | SH |  | SOLE |  | 0 | 0 | 3631 |
| AUTODESK INC | COM | 052769106 |  | 577967 | 1867 | SH |  | SOLE |  | 0 | 0 | 1867 |
| BANK AMERICA CORP | COM | 060505104 |  | 358588 | 7578 | SH |  | SOLE |  | 0 | 0 | 7578 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 392071 | 4303 | SH |  | SOLE |  | 0 | 0 | 4303 |
| BOEING CO | COM | 097023105 |  | 214768 | 1025 | SH |  | SOLE |  | 0 | 0 | 1025 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 1839423 | 318 | SH |  | SOLE |  | 0 | 0 | 318 |
| CARMAX INC | COM | 143130102 |  | 365488 | 5438 | SH |  | SOLE |  | 0 | 0 | 5438 |
| CENCORA INC | COM | 03073E105 |  | 551272 | 1838 | SH |  | SOLE |  | 0 | 0 | 1838 |
| CHECK POINT SOFTWARE TECH LT | ORD | M22465104 |  | 350239 | 1583 | SH |  | SOLE |  | 0 | 0 | 1583 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 227846 | 6384 | SH |  | SOLE |  | 0 | 0 | 6384 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 346678 | 3863 | SH |  | SOLE |  | 0 | 0 | 3863 |
| DENISON MINES CORP | COM | 248356107 |  | 18200 | 10000 | SH |  | SOLE |  | 0 | 0 | 10000 |
| DIAGEO PLC | SPON ADR NEW | 25243Q205 |  | 312190 | 3096 | SH |  | SOLE |  | 0 | 0 | 3096 |
| DISNEY WALT CO | COM | 254687106 |  | 763630 | 6158 | SH |  | SOLE |  | 0 | 0 | 6158 |
| EBAY INC. | COM | 278642103 |  | 335046 | 4500 | SH |  | SOLE |  | 0 | 0 | 4500 |
| ECOLAB INC | COM | 278865100 |  | 285785 | 1061 | SH |  | SOLE |  | 0 | 0 | 1061 |
| ELEVANCE HEALTH INC | COM | 036752103 |  | 1012471 | 2603 | SH |  | SOLE |  | 0 | 0 | 2603 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 274376 | 2545 | SH |  | SOLE |  | 0 | 0 | 2545 |
| FIRST TR EXCH TRADED FD III | INSTL PFD SECS | 33739P855 |  | 943118 | 49664 | SH |  | SOLE |  | 0 | 0 | 49664 |
| FIRST TR EXCH TRADED FD III | PFD SECS INC ETF | 33739E108 |  | 2562677 | 143971 | SH |  | SOLE |  | 0 | 0 | 143971 |
| FIRST TR EXCHANGE TRADED FD | RISNG DIVD ACHIV | 33738R506 |  | 6706841 | 106899 | SH |  | SOLE |  | 0 | 0 | 106899 |
| FIRST TR EXCHANGE-TRADED FD | SMID RISNG ETF | 33741X102 |  | 1545540 | 43808 | SH |  | SOLE |  | 0 | 0 | 43808 |
| FIRST TR EXCHANGE-TRADED FD | FIRST TR ENH NEW | 33739Q408 |  | 354593 | 5923 | SH |  | SOLE |  | 0 | 0 | 5923 |
| FIRST TR EXCHANGE-TRADED FD | FT VEST RIS | 33738D879 |  | 241388 | 9769 | SH |  | SOLE |  | 0 | 0 | 9769 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST US EQT | 33740F698 |  | 5792535 | 130397 | SH |  | SOLE |  | 0 | 0 | 130397 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST UQ EQT | 33740F672 |  | 319921 | 7790 | SH |  | SOLE |  | 0 | 0 | 7790 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST US EQT | 33740F730 |  | 1308316 | 30561 | SH |  | SOLE |  | 0 | 0 | 30561 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST US EQT | 33740F839 |  | 903384 | 20215 | SH |  | SOLE |  | 0 | 0 | 20215 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST U.S | 33740F342 |  | 493416 | 21360 | SH |  | SOLE |  | 0 | 0 | 21360 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST U.S. | 33740U802 |  | 377062 | 10000 | SH |  | SOLE |  | 0 | 0 | 10000 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST US EQT | 33740F615 |  | 3736199 | 94420 | SH |  | SOLE |  | 0 | 0 | 94420 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST US EQT | 33740F714 |  | 3376808 | 75004 | SH |  | SOLE |  | 0 | 0 | 75004 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST U.S. | 33740F854 |  | 1874908 | 45005 | SH |  | SOLE |  | 0 | 0 | 45005 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST NAS | 33740U836 |  | 535405 | 18100 | SH |  | SOLE |  | 0 | 0 | 18100 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST U.S. | 33740U406 |  | 212983 | 5100 | SH |  | SOLE |  | 0 | 0 | 5100 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST US | 33740F771 |  | 2044941 | 45805 | SH |  | SOLE |  | 0 | 0 | 45805 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 276611 | 948 | SH |  | SOLE |  | 0 | 0 | 948 |
| GLOBAL X FDS | US PFD ETF | 37954Y657 |  | 639424 | 33958 | SH |  | SOLE |  | 0 | 0 | 33958 |
| INVESCO ACTIVELY MANAGED EXC | VAR RATE INVT | 46090A879 |  | 641906 | 25625 | SH |  | SOLE |  | 0 | 0 | 25625 |
| INVESCO EXCH TRADED FD TR II | S 500 REVENUE | 46138G698 |  | 244977 | 2349 | SH |  | SOLE |  | 0 | 0 | 2349 |
| INVESCO EXCH TRADED FD TR II | NASDAQ 100 ETF | 46138G649 |  | 6196070 | 27283 | SH |  | SOLE |  | 0 | 0 | 27283 |
| INVESCO EXCHANGE TRADED FD T | S 500 GARP ETF | 46137V431 |  | 2170157 | 20150 | SH |  | SOLE |  | 0 | 0 | 20150 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 1214925 | 6685 | SH |  | SOLE |  | 0 | 0 | 6685 |
| INVESCO EXCHANGE TRADED FD T | AEROSPACE DEFN | 46137V100 |  | 307568 | 2171 | SH |  | SOLE |  | 0 | 0 | 2171 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 7016553 | 12719 | SH |  | SOLE |  | 0 | 0 | 12719 |
| IQVIA HLDGS INC | COM | 46266C105 |  | 685674 | 4351 | SH |  | SOLE |  | 0 | 0 | 4351 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT ETF | 46641Q837 |  | 232368 | 4585 | SH |  | SOLE |  | 0 | 0 | 4585 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 630215 | 2174 | SH |  | SOLE |  | 0 | 0 | 2174 |
| LOWES COS INC | COM | 548661107 |  | 246875 | 1113 | SH |  | SOLE |  | 0 | 0 | 1113 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 1085808 | 1932 | SH |  | SOLE |  | 0 | 0 | 1932 |
| MCDONALDS CORP | COM | 580135101 |  | 235789 | 807 | SH |  | SOLE |  | 0 | 0 | 807 |
| MCKESSON CORP | COM | 58155Q103 |  | 305783 | 417 | SH |  | SOLE |  | 0 | 0 | 417 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 236405 | 2712 | SH |  | SOLE |  | 0 | 0 | 2712 |
| META PLATFORMS INC | CL A | 30303M102 |  | 2347955 | 3181 | SH |  | SOLE |  | 0 | 0 | 3181 |
| MICROSOFT CORP | COM | 594918104 |  | 2213768 | 4451 | SH |  | SOLE |  | 0 | 0 | 4451 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 373949 | 1461 | SH |  | SOLE |  | 0 | 0 | 1461 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 |  | 419354 | 3465 | SH |  | SOLE |  | 0 | 0 | 3465 |
| ORACLE CORP | COM | 68389X105 |  | 537792 | 2460 | SH |  | SOLE |  | 0 | 0 | 2460 |
| PACER FDS TR | US SMALL CAP CAS | 69374H857 |  | 713389 | 17918 | SH |  | SOLE |  | 0 | 0 | 17918 |
| PACER FDS TR | US CASH COWS 100 | 69374H881 |  | 1210384 | 21967 | SH |  | SOLE |  | 0 | 0 | 21967 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 771166 | 4234 | SH |  | SOLE |  | 0 | 0 | 4234 |
| PIMCO ETF TR | MULTISECTOR BD | 72201R585 |  | 2439163 | 91905 | SH |  | SOLE |  | 0 | 0 | 91905 |
| QUALCOMM INC | COM | 747525103 |  | 445710 | 2799 | SH |  | SOLE |  | 0 | 0 | 2799 |
| RTX CORPORATION | COM | 75513E101 |  | 250459 | 1715 | SH |  | SOLE |  | 0 | 0 | 1715 |
| SALESFORCE INC | COM | 79466L302 |  | 391315 | 1435 | SH |  | SOLE |  | 0 | 0 | 1435 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 1544955 | 16933 | SH |  | SOLE |  | 0 | 0 | 16933 |
| SPDR SERIES TRUST | PRTFLO S VL | 78464A508 |  | 770812 | 14727 | SH |  | SOLE |  | 0 | 0 | 14727 |
| SPDR SERIES TRUST | PRTFLO S GW | 78464A409 |  | 3177275 | 33333 | SH |  | SOLE |  | 0 | 0 | 33333 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 919241 | 4059 | SH |  | SOLE |  | 0 | 0 | 4059 |
| TESLA INC | COM | 88160R101 |  | 250951 | 790 | SH |  | SOLE |  | 0 | 0 | 790 |
| UNILEVER PLC | SPON ADR NEW | 904767704 |  | 451582 | 7382 | SH |  | SOLE |  | 0 | 0 | 7382 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 329411 | 1056 | SH |  | SOLE |  | 0 | 0 | 1056 |
| VANECK ETF TRUST | MRNGSTR WDE MOAT | 92189F643 |  | 1283315 | 13683 | SH |  | SOLE |  | 0 | 0 | 13683 |
| VANGUARD INDEX FDS | MCAP VL IDXVIP | 922908512 |  | 1268820 | 7715 | SH |  | SOLE |  | 0 | 0 | 7715 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 10579482 | 18625 | SH |  | SOLE |  | 0 | 0 | 18625 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 4215923 | 23854 | SH |  | SOLE |  | 0 | 0 | 23854 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 2256441 | 5147 | SH |  | SOLE |  | 0 | 0 | 5147 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 671808 | 8450 | SH |  | SOLE |  | 0 | 0 | 8450 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 3435008 | 16783 | SH |  | SOLE |  | 0 | 0 | 16783 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 4699948 | 35256 | SH |  | SOLE |  | 0 | 0 | 35256 |
| VANGUARD WORLD FD | HEALTH CAR ETF | 92204A504 |  | 203353 | 819 | SH |  | SOLE |  | 0 | 0 | 819 |
| VEEVA SYS INC | CL A COM | 922475108 |  | 499645 | 1735 | SH |  | SOLE |  | 0 | 0 | 1735 |
| VISA INC | COM CL A | 92826C839 |  | 1395677 | 3931 | SH |  | SOLE |  | 0 | 0 | 3931 |
| WISDOMTREE TR | US SMALLCAP DIVD | 97717W604 |  | 214387 | 6750 | SH |  | SOLE |  | 0 | 0 | 6750 |

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