Latest HENNESSY ADVISORS INC Stock Portfolio

HENNESSY ADVISORS INC Performance:

2025 Q4: 1.16%YTD: 3.9%2024: 20.78%

Performance for 2025 Q4 is 1.16%, and YTD is 3.9%, and 2024 is 20.78%.

About HENNESSY ADVISORS INC and 13F Hedge Fund Stock Holdings

HENNESSY ADVISORS INC is a hedge fund based in NOVATO, CA. On 03-Jan-2023, the fund reported that it had an AUM (Regulated Assets under Management) of $3 Billions. In it's latest 13F Holdings report, HENNESSY ADVISORS INC reported an equity portfolio of $2.8 Billions as of 31 Dec, 2025.

The top stock holdings of HENNESSY ADVISORS INC are SATS, DY, CASY. The fund has invested 2% of it's portfolio in ECHOSTAR CORP and 1.9% of portfolio in DYCOM INDUSTRIES INC.

The fund managers got completely rid off UNILEVER PLC, MURPHY OIL CORP (MUR) and HOMETRUST BANCSHARES INC (HTBI) stocks. They significantly reduced their stock positions in EQUITABLE HLDGS INC COM (EQH), BANNER CORP (BANR) and ETORO GROUP LTD. HENNESSY ADVISORS INC opened new stock positions in PELOTON INTERACTIVE INC (PTON), TOTALENERGIES SE and KEYCORP (KEY). The fund showed a lot of confidence in some stocks as they added substantially to UNITEDHEALTH GROUP INC (UNH), BEACON FINANCIAL CORP (BHLB) and AVIDIA BANCORP INC.

HENNESSY ADVISORS INC Annual Return Estimates Vs S&P 500

Our best estimate is that HENNESSY ADVISORS INC made a return of 1.16% in the last quarter. In trailing 12 months, it's portfolio return was 3.9%.

Performance
S&P 500

New Buys

Ticker	$ Bought
peloton interactive inc	30,532,700
totalenergies se	5,613,040
unilever plc	5,326,470
fiserv inc	537,360
keycorp	412,800
magnum ice cream co nv	283,715
f&g annuities & life inc	214,716
endava plc	96,911

New stocks bought by HENNESSY ADVISORS INC

Additions

Ticker	% Inc.
unitedhealth group inc	385
beacon financial corp	138
avidia bancorp inc	137
us bancorp	115
bancorp inc del	33.33
home depot inc/the	32.2
nike inc	30.03
mastercard incorporated	25.00

Additions to existing portfolio by HENNESSY ADVISORS INC

Reductions

Ticker	% Reduced
equitable hldgs inc com	-54.55
banner corp	-50.00
etoro group ltd	-47.37
valero energy corp	-31.65
bread financial holdings inc	-30.00
phillips 66	-30.00
atlantic un bankshares corp	-28.57
international business machs	-26.1

HENNESSY ADVISORS INC reduced stake in above stock

Sold off

Ticker	$ Sold
unilever plc	-5,738,300
totalenergies se	-5,407,910
murphy oil corp	-383,535
priority technology holdings inc	-68,700
figure technology solutio	-254,590
hometrust bancshares inc	-204,700
tower semiconductor ltd	-202,006

HENNESSY ADVISORS INC got rid off the above stocks

Sector Distribution

HENNESSY ADVISORS INC has about 16% of it's holdings in Consumer Cyclical sector.

Sector	%
Consumer Cyclical	16
Industrials	15.6
Technology	13.4
Financial Services	10.2
Energy	10.1
Utilities	9.1
Others	8.1
Consumer Defensive	6.7
Communication Services	4.1
Healthcare	3.8
Real Estate	2.8

Market Cap. Distribution

HENNESSY ADVISORS INC has about 44.2% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
LARGE-CAP	40.3
MID-CAP	36.7
SMALL-CAP	10.6
UNALLOCATED	8
MEGA-CAP	3.9

Stocks belong to which Index?

About 59% of the stocks held by HENNESSY ADVISORS INC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	40.9
S&P 500	34.5
RUSSELL 2000	24.5

Top 5 Winners (%)		%
SATS	echostar corp	41.2 %
AAL	american airls group inc.	35.1 %
COMP	compass inc	30.7 %
CAH	cardinal health inc	30.1 %
HP	helmerich & payne inc	29.8 %

Top 5 Winners ($)		$
SATS	echostar corp	17.5 M
AAL	american airls group inc.	13.2 M
SANM	sanmina corporation	12.1 M
M	macy's inc	9.9 M
CHRW	c h robinson worldwide inc	9.3 M

Top 5 Losers (%)		%
PRCH	porch group inc	-44.2 %
WWW	wolverine world wide inc	-33.0 %
COIN	coinbase global inc	-29.7 %
ACM	aecom	-26.2 %
OPEN	opendoor technologies inc	-26.1 %

Top 5 Losers ($)		$
WWW	wolverine world wide inc	-12.0 M
PRCH	porch group inc	-11.4 M
ACM	aecom	-11.4 M
PENN	penn entertainment inc	-9.2 M
OPEN	opendoor technologies inc	-9.1 M

HENNESSY ADVISORS INC Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of HENNESSY ADVISORS INC

HENNESSY ADVISORS INC has 283 stocks in it's portfolio. About 18% of the portfolio is in top 10 stocks. WWW proved to be the most loss making stock for the portfolio. SATS was the most profitable stock for HENNESSY ADVISORS INC last quarter.

Last Reported on: 27 Jan, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAL	american airls group inc.	1.69	3,104,700	47,595,100	reduced	-7.02

ABBV	abbvie inc	0.24	29,700	6,786,150	reduced	-5.41

ABC	cencora inc	0.13	10,900	3,681,480	reduced	-1.8

ABT	abbott laboratories	0.20	45,000	5,638,050	reduced	-5.26

ACM	aecom	1.07	315,600	30,086,100	reduced	-5.28

ADT	adt inc del	0.31	1,089,000	8,788,230	reduced	-6.11

AEE	ameren corp	0.12	35,080	3,503,090	reduced	-2.77

ALHC	alignment healthcare inc	0.34	488,000	9,638,000	reduced	-6.1

ALL	allstate corp/the	0.28	37,712	7,849,750	reduced	-5.98

ALV	autoliv inc	1.33	315,700	37,473,600	reduced	-5.28

AM	antero midstream corp	0.21	338,840	6,027,960	reduced	-1.45

AMGN	amgen inc	0.15	13,100	4,287,760	reduced	-4.73

AR	antero resources corp	0.02	15,700	541,022	reduced	-13.74

ASB	associated banc-corp	0.05	55,000	1,416,800	reduced	-21.43

ATO	atmos energy corp	0.86	144,386	24,203,400	reduced	-2.5

ATRO	astronics corp	0.75	390,900	21,202,400	reduced	-6.1

AUB	atlantic un bankshares corp	0.03	25,000	882,500	reduced	-28.57

AVA	avista corp	0.03	22,272	858,363	unchanged	0.00

AXS	axis cap hldgs ltd	0.34	90,100	9,648,810	reduced	-6.15

AZO	autozone inc	0.10	800	2,713,200	unchanged	0.00