HENNESSY ADVISORS INC
Sector Allocation
- Energy23.6%$738.4M
- Consumer Discretionary13.4%$420.8M
- Industrials12.6%$394.8M
- Technology12.6%$392.7M
- Financials9.5%$297.5M
- Communication Services8.0%$251.1M
- Utilities7.2%$226.1M
- Healthcare4.4%$138.8M
- Consumer Staples4.2%$130.9M
- Real Estate2.1%$67.4M
AUM History
13fpro.ai/research/fund/hennessy-advisors-inc-1145255
Conviction and streaks
Concentrating · top 10 = 23.0%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
VSAT
$108.2MSANM
$87.9MMTZ
$85.3MSNX
$75.3MDY
$72.6MSNEX
$66.9MCHRW
$63.8MCASY
$55.2MGVA
$53.0MCAKE
$51.4MAAL
$50.8MM
$50.0MECHO
$48.4MCCK
$43.1MPENN
$38.6MW
$38.5MPRIM
$38.1MJLL
$36.0MALV
$33.2MWMB
$32.8M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/hennessy-advisors-inc-1145255
HENNESSY ADVISORS INC 13F holdings — Q2 2026
$3.1B portfolio (+13.0% QoQ) · 325 holdings · Q2 2026 13F · top 10 are 23% of the stock portfolio
$108.2M
3.5% of stocks
No changeThis quarter-3.4%Since filed8 qtrsHeld$87.9M
2.8% of stocks
+14%This quarter-18.5%Since filed4 qtrsHeld$85.3M
2.7% of stocks
No changeThis quarter-49.4%Since filed4 qtrsHeld$75.3M
2.4% of stocks
+16%This quarter+2.8%Since filed5 qtrsHeld$72.6M
2.3% of stocks
No changeThis quarter-44.6%Since filed7 qtrsHeld$66.9M
2.1% of stocks
-20%This quarter—Since filed5 qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 3 qtrs in a row$63.8M
2.0% of stocks
+18%This quarter-31.9%Since filed4 qtrsHeld$55.2M
1.8% of stocks
-21%This quarter-14.9%Since filed5 qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 3 qtrs in a row$53.0M
1.7% of stocks
No changeThis quarter-13.7%Since filed7 qtrsHeld$51.4M
1.6% of stocks
No changeThis quarter+32.2%Since filed7 qtrsHeld
All holdings — HENNESSY ADVISORS INC (Q2 2026)
325 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | American Airlines Group Inc. | Industrials | $50.8M | 1.6% | 2.81M | — | 4 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | Macy's, Inc. | Consumer Discretionary | $50.0M | 1.6% | 2.12M | — | 4 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | EchoStar CORP | Communication Services | $48.4M | 1.6% | 477K | — | 4 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | CROWN HOLDINGS, INC. | Industrials | $43.1M | 1.4% | 386K | — | 4 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | PENN Entertainment, Inc. | Consumer Discretionary | $38.6M | 1.2% | 1.80M | — | 4 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | Wayfair Inc. | Consumer Discretionary | $38.5M | 1.2% | 417K | — | 4 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | Primoris Services Corp | Energy | $38.1M | 1.2% | 385K | +23% | 4 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | JONES LANG LASALLE INC | Real Estate | $36.0M | 1.1% | 116K | — | 4 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | AUTOLIV INCadr | Industrials | $33.2M | 1.1% | 286K | — | 4 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | WILLIAMS COMPANIES, INC. | Energy | $32.8M | 1.1% | 441K | -2% | 9+ qtrsTrimmed 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | Cheniere Energy, Inc. | Energy | $32.2M | 1.0% | 135K | +14% | 9+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | JACOBS SOLUTIONS INC. | Industrials | $31.6M | 1.0% | 251K | — | 4 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | ONEOK INC /NEW/ | Energy | $31.3M | 1.0% | 360K | -9% | 9+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | LITHIA MOTORS INC | Consumer Discretionary | $31.0M | 1.0% | 107K | — | 4 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | NEXSTAR MEDIA GROUP, INC. | Communication Services | $31.0M | 1.0% | 174K | — | 4 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $DELL | Dell Technologies Inc. | Technology | $29.3M | 0.9% | 68K | +185% | |||
| 27 | $KMI | KINDER MORGAN, INC. | Energy | $29.2M | 0.9% | 912K | -1% | |||
| 28 | $VISN | Vistance Networks, Inc. | Technology | $28.6M | 0.9% | 2.24M | — | |||
| 29 | $CALM | CAL-MAINE FOODS INC | Consumer Staples | $27.9M | 0.9% | 347K | — | |||
| 30 | $TRP | TC ENERGY CORP | Energy | $27.7M | 0.9% | 418K | -9% | |||
| 31 | $PTON | PELOTON INTERACTIVE, INC. | Consumer Discretionary | $26.5M | 0.8% | 4.49M | — | |||
| 32 | $BRK.A | BERKSHIRE HATHAWAY INC | Financials | $26.2M | 0.8% | 35 | -3% | |||
| 33 | $SRE | SEMPRA | Utilities | $25.9M | 0.8% | 280K | +0.1% | |||
| 34 | $ATO | ATMOS ENERGY CORP | Energy | $25.5M | 0.8% | 148K | +3% | |||
| 35 | $SO | SOUTHERN CO | Utilities | $25.3M | 0.8% | 264K | +3% | |||
| 36 | $ENB | ENBRIDGE INC | Energy | $24.6M | 0.8% | 455K | -8% | |||
| 37 | $LYFT | Lyft, Inc. | Industrials | $23.6M | 0.8% | 1.61M | — | |||
| 38 | $DTM | DT Midstream, Inc. | Energy | $22.5M | 0.7% | 153K | +4% | |||
| 39 | $LDOS | Leidos Holdings, Inc. | Technology | $22.4M | 0.7% | 217K | -0.2% | |||
| 40 | $ACM | AECOM | Technology | $19.9M | 0.6% | 286K | — | |||
| 41 | $WWW | WOLVERINE WORLD WIDE INC /DE/ | Consumer Discretionary | $18.9M | 0.6% | 1.14M | — | |||
| 42 | $JBL | JABIL INC | Technology | $18.1M | 0.6% | 47K | +312% | |||
| 43 | $WEC | WEC ENERGY GROUP, INC. | Utilities | $17.6M | 0.6% | 151K | +1% | |||
| 44 | $OPEN | Opendoor Technologies Inc. | Real Estate | $17.3M | 0.6% | 3.73M | — | |||
| 45 | $VSH | VISHAY INTERTECHNOLOGY INC | Technology | $17.2M | 0.6% | 320K | New | |||
| 46 | $NI | NISOURCE INC. | Utilities | $17.1M | 0.6% | 359K | +0.3% | |||
| 47 | $NGG | NATIONAL GRID PLC | Energy | $16.1M | 0.5% | 194K | +7% | |||
| 48 | $EQT | EQT Corp | Energy | $15.2M | 0.5% | 285K | -33% | |||
| 49 | $MRK | Merck & Co., Inc. | Healthcare | $14.8M | 0.5% | 115K | -3% | |||
| 50 | $ED | CONSOLIDATED EDISON INC | Utilities | $14.1M | 0.5% | 128K | +11% | |||
| 51 | $CNP | CENTERPOINT ENERGY INC | Utilities | $13.8M | 0.4% | 314K | -6% | |||
| 52 | $PBR | PETROBRAS - PETROLEO BRASILEIRO SA | Energy | $13.8M | 0.4% | 855K | +94% | |||
| 53 | $BTSG | BrightSpring Health Services, Inc. | Healthcare | $13.6M | 0.4% | 195K | -60% | |||
| 54 | $PEG | PUBLIC SERVICE ENTERPRISE GROUP INC | Utilities | $13.3M | 0.4% | 164K | +7% | |||
| 55 | $GTX | Garrett Motion Inc. | Industrials | $13.2M | 0.4% | 366K | New | |||
| 56 | $PG | PROCTER & GAMBLE Co | Consumer Staples | $12.6M | 0.4% | 86K | -0.5% | |||
| 57 | $JNJ | JOHNSON & JOHNSON | Healthcare | $12.5M | 0.4% | 49K | -3% | |||
| 58 | $UNH | UNITEDHEALTH GROUP INC | Healthcare | $12.0M | 0.4% | 29K | -2% | |||
| 59 | $AIR | AAR CORP | Industrials | $11.9M | 0.4% | 83K | New | |||
| 60 | $MYRG | MYR GROUP INC. | Energy | $11.4M | 0.4% | 23K | New | |||
| 61 | $DUK | Duke Energy CORP | Utilities | $11.3M | 0.4% | 89K | -6% | |||
| 62 | $DHC | DIVERSIFIED HEALTHCARE TRUST | Real Estate | $11.2M | 0.4% | 1.21M | New | |||
| 63 | $KO | COCA COLA CO | Consumer Staples | $11.2M | 0.4% | 138K | -1% | |||
| 64 | $PCG | PG&E Corp | Utilities | $10.9M | 0.3% | 646K | -8% | |||
| 65 | $DBD | DIEBOLD NIXDORF, Inc | Technology | $10.9M | 0.3% | 128K | New | |||
| 66 | $OII | OCEANEERING INTERNATIONAL INC | Energy | $10.8M | 0.3% | 267K | New | |||
| 67 | $GILD | GILEAD SCIENCES, INC. | Healthcare | $10.8M | 0.3% | 85K | +25% | |||
| 68 | $CMP | COMPASS MINERALS INTERNATIONAL INC | Materials | $10.8M | 0.3% | 346K | New | |||
| 69 | $KALU | KAISER ALUMINUM CORP | Materials | $10.6M | 0.3% | 54K | New | |||
| 70 | $TDAY | USA TODAY Co., Inc. | Communication Services | $10.6M | 0.3% | 1.24M | New | |||
| 71 | $SCHL | SCHOLASTIC CORP | Communication Services | $10.4M | 0.3% | 227K | New | |||
| 72 | $PBI | PITNEY BOWES INC /DE/ | Technology | $10.4M | 0.3% | 595K | -39% | |||
| 73 | $CVX | CHEVRON CORP | Energy | $10.4M | 0.3% | 63K | -4% | |||
| 74 | $VZ | VERIZON COMMUNICATIONS INC | Communication Services | $10.4M | 0.3% | 246K | -45% | |||
| 75 | $ECPG | ENCORE CAPITAL GROUP INC | Financials | $10.4M | 0.3% | 111K | New | |||
| 76 | $CMS | CMS ENERGY CORP | Utilities | $10.3M | 0.3% | 135K | -4% | |||
| 77 | $EPD | ENTERPRISE PRODUCTS PARTNERS L.P. | Energy | $10.3M | 0.3% | 280K | -2% | |||
| 78 | $ET | Energy Transfer LP | Energy | $10.3M | 0.3% | 538K | -6% | |||
| 79 | $DK | Delek US Holdings, Inc. | Energy | $10.2M | 0.3% | 201K | New | |||
| 80 | $CLMT | Calumet, Inc. /DE | Energy | $10.2M | 0.3% | 283K | New | |||
| 81 | $PEP | PEPSICO INC | Consumer Staples | $10.1M | 0.3% | 75K | +26% | |||
| 82 | $HD | HOME DEPOT, INC. | Consumer Discretionary | $10.1M | 0.3% | 29K | +12% | |||
| 83 | $MO | ALTRIA GROUP, INC. | Consumer Staples | $10.0M | 0.3% | 140K | -2% | |||
| 84 | $CSCO | CISCO SYSTEMS, INC. | Technology | $10.0M | 0.3% | 85K | -4% | |||
| 85 | $PBF | PBF Energy Inc. | Energy | $10.0M | 0.3% | 219K | New | |||
| 86 | $C | CITIGROUP INC | Financials | $9.8M | 0.3% | 70K | -3% | |||
| 87 | $EZPW | EZCORP INC | Consumer Discretionary | $9.8M | 0.3% | 283K | -34% | |||
| 88 | $DINO | HF Sinclair Corp | Energy | $9.7M | 0.3% | 139K | New | |||
| 89 | $MT | ArcelorMittal | Materials | $9.6M | 0.3% | 160K | New | |||
| 90 | $HG | Hamilton Insurance Group, Ltd. | Financials | $9.5M | 0.3% | 281K | New | |||
| 91 | $BMY | BRISTOL MYERS SQUIBB CO | Healthcare | $9.4M | 0.3% | 164K | +2% | |||
| 92 | $CSTM | CONSTELLIUM SE | Materials | $9.4M | 0.3% | 295K | New | |||
| 93 | $DXPE | DXP ENTERPRISES INC | Consumer Discretionary | $9.3M | 0.3% | 55K | New | |||
| 94 | $CL | COLGATE PALMOLIVE CO | Consumer Staples | $9.2M | 0.3% | 101K | -2% | |||
| 95 | $WCC | WESCO INTERNATIONAL INC | Consumer Discretionary | $9.2M | 0.3% | 27K | New | |||
| 96 | $MPLX | MPLX LP | Energy | $9.2M | 0.3% | 163K | — | |||
| 97 | $TXN | TEXAS INSTRUMENTS INC | Technology | $9.1M | 0.3% | 30K | -2% | |||
| 98 | $KMT | KENNAMETAL INC | Industrials | $9.0M | 0.3% | 257K | New | |||
| 99 | $EXC | EXELON CORP | Utilities | $9.0M | 0.3% | 193K | +51% | |||
| 100 | $PAA | PLAINS ALL AMERICAN PIPELINE LP | Energy | $9.0M | 0.3% | 403K | — | |||
| 101 | $MS | MORGAN STANLEY | Financials | $8.5M | 0.3% | 41K | -4% | |||
| 102 | $EFXT | Enerflex Ltd. | Industrials | $8.5M | 0.3% | 347K | New | |||
| 103 | $UNFI | UNITED NATURAL FOODS INC | Consumer Staples | $8.5M | 0.3% | 185K | New | |||
| 104 | $TPC | TUTOR PERINI CORP | Industrials | $8.4M | 0.3% | 101K | New | |||
| 105 | $BAC | BANK OF AMERICA CORP /DE/ | Financials | $8.3M | 0.3% | 146K | -1% | |||
| 106 | $XEL | XCEL ENERGY INC | Utilities | $8.2M | 0.3% | 102K | — | |||
| 107 | $JPM | JPMORGAN CHASE & CO | Financials | $8.2M | 0.3% | 25K | -2% | |||
| 108 | $DLX | DELUXE CORP | Communication Services | $8.1M | 0.3% | 339K | New | |||
| 109 | $SEB | SEABOARD CORP /DE/ | Consumer Staples | $8.0M | 0.3% | 1,800 | New | |||
| 110 | $AA | Alcoa Corp | Materials | $8.0M | 0.3% | 154K | New | |||
| 111 | $SWX | Southwest Gas Holdings, Inc. | Energy | $8.0M | 0.3% | 90K | — | |||
| 112 | $CAR | AVIS BUDGET GROUP, INC. | Consumer Discretionary | $8.0M | 0.3% | 54K | New | |||
| 113 | $PARR | PAR PACIFIC HOLDINGS, INC. | Energy | $7.9M | 0.3% | 141K | New | |||
| 114 | $CTRI | Centuri Holdings, Inc. | Energy | $7.9M | 0.3% | 261K | New | |||
| 115 | $CVE | CENOVUS ENERGY INC. | Energy | $7.9M | 0.3% | 318K | New | |||
| 116 | $TD | TORONTO DOMINION BANK | Financials | $7.6M | 0.2% | 63K | -2% | |||
| 117 | $NBR | NABORS INDUSTRIES LTD | Energy | $7.6M | 0.2% | 91K | New | |||
| 118 | $PTEN | PATTERSON UTI ENERGY INC | Energy | $7.5M | 0.2% | 821K | New | |||
| 119 | $CVS | CVS HEALTH Corp | Healthcare | $7.5M | 0.2% | 72K | -2% | |||
| 120 | $CCZ | COMCAST CORP | Communication Services | $7.5M | 0.2% | 304K | +45% | |||
| 121 | $F | FORD MOTOR CO | Consumer Discretionary | $7.4M | 0.2% | 534K | +21% | |||
| 122 | $ADTN | ADTRAN Holdings, Inc. | Technology | $7.3M | 0.2% | 526K | New | |||
| 123 | $FDX | FEDEX CORP | Industrials | $7.3M | 0.2% | 23K | New | |||
| 124 | $RY | ROYAL BANK OF CANADA | Financials | $7.2M | 0.2% | 35K | -2% | |||
| 125 | $EQNR | EQUINOR ASA | Energy | $7.2M | 0.2% | 230K | -2% | |||
| 126 | $PFE | PFIZER INC | Healthcare | $7.1M | 0.2% | 296K | +27% | |||
| 127 | $T | AT&T INC. | Communication Services | $7.1M | 0.2% | 342K | +34% | |||
| 128 | $MDT | Medtronic plc | Healthcare | $7.1M | 0.2% | 90K | +51% | |||
| 129 | $QCOM | QUALCOMM INC/DE | Technology | $7.0M | 0.2% | 38K | -2% | |||
| 130 | $WFC | WELLS FARGO & COMPANY/MN | Financials | $7.0M | 0.2% | 84K | -2% | |||
| 131 | $PAHC | PHIBRO ANIMAL HEALTH CORP | Healthcare | $7.0M | 0.2% | 222K | New | |||
| 132 | $AMGN | AMGEN INC | Healthcare | $6.9M | 0.2% | 19K | +59% | |||
| 133 | $COP | CONOCOPHILLIPS | Energy | $6.9M | 0.2% | 67K | -5% | |||
| 134 | $GCT | GigaCloud Technology Inc | Consumer Discretionary | $6.9M | 0.2% | 218K | New | |||
| 135 | $DAN | DANA Inc | Industrials | $6.9M | 0.2% | 253K | New | |||
| 136 | $ABBV | AbbVie Inc. | Healthcare | $6.9M | 0.2% | 27K | -2% | |||
| 137 | $XOM.R34088 | EXXON MOBIL CORP | Energy | $6.8M | 0.2% | 50K | -6% | |||
| 138 | $HSBC | HSBC HOLDINGS PLC | Financials | $6.7M | 0.2% | 71K | -2% | |||
| 139 | $DTB | DTE ENERGY CO | Utilities | $6.6M | 0.2% | 43K | +3% | |||
| 140 | $SSL | SASOL LTD | Energy | $6.6M | 0.2% | 669K | New | |||
| 141 | $AM | Antero Midstream Corp | Energy | $6.5M | 0.2% | 287K | -3% | |||
| 142 | $CNQ | CANADIAN NATURAL RESOURCES Ltd | Energy | $6.5M | 0.2% | 164K | -7% | |||
| 143 | $GSK | GSK plc | Healthcare | $6.4M | 0.2% | 122K | -2% | |||
| 144 | $OGS | ONE Gas, Inc. | Energy | $6.4M | 0.2% | 83K | +9% | |||
| 145 | $PM | Philip Morris International Inc. | Consumer Staples | $6.4M | 0.2% | 35K | -2% | |||
| 146 | $IBM | INTERNATIONAL BUSINESS MACHINES CORP | Technology | $6.4M | 0.2% | 23K | +0.2% | |||
| 147 | $BTI | British American Tobacco p.l.c. | Consumer Staples | $6.3M | 0.2% | 103K | -2% | |||
| 148 | $SLB | SLB LIMITED/NV | Energy | $6.3M | 0.2% | 136K | -5% | |||
| 149 | $SBUX | STARBUCKS CORP | Consumer Discretionary | $6.3M | 0.2% | 62K | -2% | |||
| 150 | $NFG | NATIONAL FUEL GAS CO | Energy | $6.3M | 0.2% | 81K | +11% |
What changed in Q2 2026
Against the previous quarter's 13F: 88 new, 58 added to, 129 trimmed, 41 sold out. Share-count changes; largest moves by dollar size first.
New positions (88)
$VSHVISHAY INTERTECHNOLOGY INC$17.2M
first bought this quarter
$GTXGarrett Motion Inc.$13.2M
first bought this quarter
$AIRAAR CORP$11.9M
first bought this quarter
$MYRGMYR GROUP INC.$11.4M
first bought this quarter
$DHCDIVERSIFIED HEALTHCARE TRUST$11.2M
first bought this quarter
$DBDDIEBOLD NIXDORF, Inc$10.9M
first bought this quarter
+82 more in the Excel export
Added to (58)
$DELLDell Technologies Inc.+185%
now $29.3M · held 9+ qtrs
$JBLJABIL INC+312%
now $18.1M · held 9+ qtrs
now $87.9M · held 4 qtrs
now $75.3M · held 5 qtrs
now $63.8M · held 4 qtrs
now $38.1M · held 4 qtrs
+52 more in the Excel export
Trimmed (129)
$BTSGBrightSpring Health Services, Inc.-60%
now $13.6M · held 5 qtrs, 4 trims in a row
now $66.9M · held 5 qtrs, 3 trims in a row
now $55.2M · held 5 qtrs, 3 trims in a row
$TRVTRAVELERS COMPANIES, INC.-74%
now $3.1M
$ALLALLSTATE CORP-73%
now $3.2M
$VZVERIZON COMMUNICATIONS INC-45%
now $10.4M · held 9+ qtrs
+123 more in the Excel export
Sold out (41)
$ATROASTRONICS CORPwas $25.2M
held 4 qtrs
$TIGOMILLICOM INTERNATIONAL CELLULAR SAwas $18.9M
held 4 qtrs
$CAHCARDINAL HEALTH INCwas $12.7M
held 5 qtrs
$PSMTPRICESMART INCwas $12.4M
held 4 qtrs
$CSGSCSG SYSTEMS INTERNATIONAL INCwas $11.2M
held 4 qtrs
$WMTWalmart Inc.was $10.8M
+35 more in the Excel export
Holdings by quarter
Every 13F HENNESSY ADVISORS INC has filed, 40 earlier quarters. Pick one to see what it held then.
Is it too late to follow HENNESSY ADVISORS?
Q2 2026 13F filed with the SEC on Jul 16, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of HENNESSY ADVISORS's top 20 holdings: 57/100 (our AI quality score, weighted by position size; 20 of the 20 are scored)
Top 10 since filing
-17.1%
Value-weighted move of the 10 largest stock positions
Turnover
18%
Last quarter; 63% over the last 4
Top 10 weight
23%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
82%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q2 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
HENNESSY ADVISORS INC disclosed 325 positions worth $3.1B in its Form 13F-HR for Q2 2026, led by $VSAT (VIASAT INC) at 3.5% of the equity portfolio, followed by $SANM and $MTZ. During the quarter the fund opened 88 new positions and exited 41 — including a new stake in $VSH and a full exit from $ATRO. The portfolio is most concentrated in Energy (23.6% of disclosed assets). All figures are sourced directly from HENNESSY ADVISORS INC’s Form 13F-HR filing with the SEC under CIK 1145255.
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AI-Powered Hedge Fund Analysis: HENNESSY ADVISORS INC
13F Pro is an AI hedge fund tracker and stock research platform. For HENNESSY ADVISORS INC (SEC CIK: 1145255), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.
Every holding in HENNESSY ADVISORS INC's portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.