CIK: 0001145255
Total reported value
$2.8B
Reporting period: 2026-03-31 · Number of holdings: 278
HENNESSY ADVISORS INC disclosed 278 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $2.8B and a quarterly turnover rate of 23.3%.
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Hennessy Advisors INC's disclosed holdings carry a Herfindahl concentration index of 0.009 — mathematically equivalent to about 112 equally-sized positions, well below its 278 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.22), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 14% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Add MTZ
-9.5% $16.7M
Trim AAL
-9.5% -$17.4M
Trim W
-9.5% -$14.9M
Trim LYFT
-9.5% -$13.1M
Trim M
-9.5% -$13.3M
Trim LAD
-9.4% -$12.5M
Showing top 200 holdings (of 278 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | MTZ | Mastec INC | Stock-Industrials | 2.38% | +0.63% | -9.49% | |
| 2 | CASY | Casey's General Stores INC | Stock-Consumer Disc | 2.31% | +0.43% | -8.24% | |
| 3 | SNEX | Stonex Group INC | Stock-Financials | 2.06% | +0.33% | +37.55% | |
| 4 | ECHO | Echostar Corp-a | Stock-Comm Services | 2.02% | — | -9.47% | |
| 5 | VSAT | Viasat INC | Stock-Tech | 1.99% | +0.37% | -9.46% | |
| 6 | DY | Dycom Industries INC | Stock-Industrials | 1.76% | -0.14% | -9.46% | |
| 7 | CHRW | C.h. Robinson Worldwide INC | Stock-Industrials | 1.73% | — | -9.46% | |
| 8 | PRIM | Primoris Services CORP | Stock-Industrials | 1.62% | — | -9.47% | |
| 9 | SNX | TD Synnex CORP | Stock-Tech | 1.47% | — | -9.14% | |
| 10 | VISN | Vistance Networks INC | Stock-Tech | 1.47% | -0.12% | -9.46% | |
| 11 | GVA | Granite Construction INC | Stock-Industrials | 1.45% | — | -9.48% | |
| 12 | SANM | Sanmina CORP | Stock-Tech | 1.43% | -0.36% | -9.47% | |
| 13 | CCK | Crown Holdings INC | Stock-Consumer Disc | 1.40% | -0.15% | -9.46% | |
| 14 | M | Macy's INC | Stock-Consumer Disc | 1.39% | -0.44% | -9.46% | |
| 15 | OKE | Oneok INC | Stock-Energy | 1.29% | +0.26% | -0.09% | |
| 16 | CAKE | Cheesecake Factory Inc/the | Stock-Consumer Disc | 1.28% | — | -9.48% | |
| 17 | JLL | Jones Lang Lasalle INC | Stock-Real Estate | 1.28% | -0.25% | -9.50% | |
| 18 | LDOS | Leidos Holdings INC | Stock-Tech | 1.22% | -0.33% | -10.09% | |
| 19 | LNG | Cheniere Energy INC | Stock-Energy | 1.21% | +0.19% | -20.09% | |
| 20 | WMB | Williams Cos INC | Stock-Energy | 1.18% | — | -8.60% | |
| 21 | J | Jacobs Solutions INC | Stock-Industrials | 1.15% | -0.15% | -9.47% | |
| 22 | NXST | Nexstar Media Group INC | Stock-Comm Services | 1.13% | -0.25% | -9.49% | |
| 23 | W | Wayfair Inc- Class A | Stock-Consumer Disc | 1.13% | -0.51% | -9.46% | |
| 24 | KMI | Kinder Morgan INC | Stock-Energy | 1.12% | — | -8.87% | |
| 25 | AAL | American Airlines Group INC | Stock-Industrials | 1.09% | -0.60% | -9.46% | |
| 26 | ALV | Autoliv INC | Stock-Consumer Disc | 1.09% | -0.24% | -9.47% | |
| 27 | TRP | Tc Energy CORP | Stock-Energy | 1.04% | — | -8.34% | |
| 28 | CALM | Cal-maine Foods INC | Stock-Consumer Staples | 0.99% | — | -9.48% | |
| 29 | SRE | Sempra | Stock-Utilities | 0.98% | — | +2.87% | |
| 30 | PENN | Penn Entertainment INC | Stock-Consumer Disc | 0.98% | — | -9.47% | |
| 31 | EQT | Eqt CORP | Stock-Energy | 0.97% | +0.17% | +0.38% | |
| 32 | LAD | Lithia Motors INC | Stock-Consumer Disc | 0.96% | -0.43% | -9.41% | |
| 33 | ENB | Enbridge INC | Stock-Energy | 0.96% | — | -2.73% | |
| 34 | ATO | Atmos Energy CORP | Stock-Utilities | 0.96% | — | -0.76% | |
| 35 | BRK-A | Berkshire Hathaway Inc-cl A | Stock-Other | 0.93% | — | +9.09% | |
| 36 | ATRO | Astronics CORP | Stock-Other | 0.91% | +0.16% | -3.35% | |
| 37 | SO | Southern Co/the | Stock-Utilities | 0.89% | — | +1.47% | |
| 38 | ACM | Aecom | Stock-Industrials | 0.88% | -0.19% | -9.47% | |
| 39 | VZ | Verizon Communications INC | Stock-Comm Services | 0.81% | +0.19% | +3.06% | |
| 40 | LYFT | Lyft Inc-a | Stock-Tech | 0.77% | -0.45% | -9.47% | |
| 41 | BTSG | Brightspring Health Services | Stock-Other | 0.75% | — | -3.36% | |
| 42 | DTM | Dt Midstream INC | Stock-Energy | 0.72% | — | -1.11% | |
| 43 | PTON | Peloton Interactive Inc-a | Stock-Consumer Disc | 0.70% | -0.38% | -9.47% | |
| 44 | TIGO | Millicom International Cellular S.A. | Stock-Comm Services | 0.68% | +0.17% | -3.37% | |
| 45 | WWW | Wolverine World Wide INC | Stock-Other | 0.67% | -0.14% | -9.46% | |
| 46 | OPEN | Opendoor Technologies INC | Stock-Real Estate | 0.63% | -0.22% | -9.47% | |
| 47 | WEC | Wec Energy Group INC | Stock-Utilities | 0.62% | — | — | |
| 48 | NI | Nisource INC | Stock-Utilities | 0.60% | — | -1.19% | |
| 49 | NGG | National Grid Plc-sp Adr | Stock-Utilities | 0.55% | — | +0.17% | |
| 50 | CNP | Centerpoint Energy INC | Stock-Utilities | 0.52% | — | -2.02% |
Performance for Q3 2026
+2.4%
Performance Last 4 Quarters
+24.1%
Based on 70% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 278 | $2.8B | 23 | |
| 2025-12-31 | 283 | $2.8B | 14 | |
| 2025-09-30 | 281 | $2.9B | 100 | |
| 2025-06-30 | 340 | $3.0B | 0 | |
| 2025-03-31 | 295 | $3.0B | 100 | |
| 2024-12-31 | 306 | $3.4B | 0 | |
| 2024-09-30 | 300 | $3.1B | 0 | |
| 2024-06-30 | 300 | $2.6B | 0 | |
| 2024-03-31 | 287 | $2.4B | 0 | |
| 2023-12-31 | 84 | $639.2M | 0 | |
| 2023-09-30 | 225 | $1.4B | 0 | |
| 2023-06-30 | 225 | $1.4B | 0 | |
| 2023-03-31 | 230 | $1.4B | 0 | |
| 2022-12-31 | 263 | $1.5B | 0 | |
| 2022-09-30 | 271 | $1.4B | 0 | |
| 2022-06-30 | 283 | $1.7B | 0 | |
| 2022-03-31 | 295 | $1.9B | 0 | |
| 2021-12-31 | 272 | $1.8B | 0 | |
| 2021-09-30 | 269 | $1.7B | 0 | |
| 2021-06-30 | 271 | $1.8B | 98 | |
| 2021-03-31 | 266 | $1.7B | 51 | |
| 2020-12-31 | 262 | $1.6B | 49 | |
| 2020-09-30 | 259 | $1.4B | 15 | |
| 2020-06-30 | 258 | $1.4B | 17 | |
| 2020-03-31 | 268 | $1.3B | 58 | |
| 2019-12-31 | 281 | $2.0B | 42 | |
| 2019-09-30 | 276 | $2.0B | 11 | |
| 2019-06-30 | 280 | $2.1B | 27 | |
| 2019-03-31 | 266 | $2.2B | 29 | |
| 2018-12-31 | 272 | $2.0B | 34 | |
| 2018-09-30 | 276 | $2.7B | 71 | |
| 2018-06-30 | 274 | $2.9B | 19 | |
| 2018-03-31 | 342 | $3.0B | 41 | |
| 2017-12-31 | 333 | $3.3B | 64 | |
| 2017-09-30 | 284 | $3.2B | 11 | |
| 2017-06-30 | 286 | $3.3B | 14 | |
| 2017-03-31 | 287 | $3.4B | 33 | |
| 2016-12-31 | 274 | $3.4B | 79 | |
| 2016-09-30 | 288 | $3.5B | 28 | |
| 2016-06-30 | 268 | $3.3B | 17 | |
| 2016-03-31 | 277 | $3.3B | 33 | |
| 2015-12-31 | 283 | $3.2B | 66 | |
| 2015-09-30 | 282 | $3.3B | 30 | |
| 2015-06-30 | 288 | $3.3B | 19 | |
| 2015-03-31 | 290 | $3.5B | 33 | |
| 2014-12-31 | 280 | $3.5B | 36 | |
| 2014-09-30 | 290 | $3.3B | 12 | |
| 2014-06-30 | 295 | $3.2B | 28 | |
| 2014-03-31 | 307 | $2.7B | 40 | |
| 2013-12-31 | 323 | $2.5B | 19 | |
| 2013-09-30 | 324 | $2.2B | 33 | |
| 2013-06-30 | 295 | $2.0B | 0 |
Hennessy Advisors INC's most significant position changes for 2026-03-31: Sold out: Rtx CORP (RTX); New buy: T-mobile US INC (TMUS); New buy: British American Tob-sp Adr (BTI); New buy: Texas Instruments INC (TXN); Sold out: Totalenergies Se (TTE).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | MTZ | Mastec INC | +0.6% | -9.49% | Trim |
| 2 | CASY | Casey's General Stores INC | +0.4% | -8.24% | Trim |
| 3 | VSAT | Viasat INC | +0.4% | -9.46% | Trim |
| 4 | SNEX | Stonex Group INC | +0.3% | +37.55% | Add |
| 5 | OKE | Oneok INC | +0.3% | -0.09% | Trim |
| 6 | UNH | Unitedhealth Group INC | +0.2% | +333.82% | Add |
| 7 | JPM | Jpmorgan Chase & Co | +0.2% | +360.00% | Add |
| 8 | EQNR | Equinor Asa-spon Adr | +0.2% | +14.16% | Add |
| 9 | LNG | Cheniere Energy INC | +0.2% | -20.09% | Trim |
| 10 | VZ | Verizon Communications INC | +0.2% | +3.06% | Add |
| 11 | BMY | Bristol-myers Squibb Co | +0.2% | +76.85% | Add |
| 12 | PBR | Petroleo Brasileiro-spon Adr | +0.2% | +18.71% | Add |
| 13 | TIGO | Millicom International Cellular S.A. | +0.2% | -3.37% | Trim |
| 14 | EQT | Eqt CORP | +0.2% | +0.38% | Add |
| 15 | PG | Procter & Gamble Co/the | +0.2% | +52.84% | Add |
| 16 | CL | Colgate-palmolive Co | +0.2% | +78.61% | Add |
| 17 | CVX | Chevron CORP | +0.2% | +6.97% | Add |
| 18 | ATRO | Astronics CORP | +0.2% | -3.35% | Trim |
| 19 | VISN | Vistance Networks INC | -0.1% | -9.46% | Trim |
| 20 | COMP | Compass INC - Class A | -0.1% | -3.35% | Trim |
| 21 | DY | Dycom Industries INC | -0.1% | -9.46% | Trim |
| 22 | CAH | Cardinal Health INC | -0.1% | -27.59% | Trim |
| 23 | WWW | Wolverine World Wide INC | -0.1% | -9.46% | Trim |
| 24 | CCK | Crown Holdings INC | -0.2% | -9.46% | Trim |
| 25 | J | Jacobs Solutions INC | -0.2% | -9.47% | Trim |
| 26 | EVER | Everquote INC - Class A | -0.2% | -3.34% | Trim |
| 27 | PM | Philip Morris International | -0.2% | -43.73% | Trim |
| 28 | ACM | Aecom | -0.2% | -9.47% | Trim |
| 29 | MCD | Mcdonald's CORP | -0.2% | -77.92% | Trim |
| 30 | OPEN | Opendoor Technologies INC | -0.2% | -9.47% | Trim |
| 31 | ALV | Autoliv INC | -0.2% | -9.47% | Trim |
| 32 | JLL | Jones Lang Lasalle INC | -0.3% | -9.50% | Trim |
| 33 | NXST | Nexstar Media Group INC | -0.3% | -9.49% | Trim |
| 34 | LDOS | Leidos Holdings INC | -0.3% | -10.09% | Trim |
| 35 | SANM | Sanmina CORP | -0.4% | -9.47% | Trim |
| 36 | PTON | Peloton Interactive Inc-a | -0.4% | -9.47% | Trim |
| 37 | LAD | Lithia Motors INC | -0.4% | -9.41% | Trim |
| 38 | M | Macy's INC | -0.4% | -9.46% | Trim |
| 39 | LYFT | Lyft Inc-a | -0.5% | -9.47% | Trim |
| 40 | W | Wayfair Inc- Class A | -0.5% | -9.46% | Trim |
| 41 | AAL | American Airlines Group INC | -0.6% | -9.46% | Trim |
| 42 | RTX | Rtx CORP | — | EXIT | Sold out |
| 43 | TMUS | T-mobile US INC | — | NEW | New buy |
| 44 | BTI | British American Tob-sp Adr | — | NEW | New buy |
| 45 | TXN | Texas Instruments INC | — | NEW | New buy |
| 46 | TTE | Totalenergies Se | — | EXIT | Sold out |
| 47 | KHC | Kraft Heinz Co/the | — | EXIT | Sold out |
| 48 | CAT | Caterpillar INC | — | EXIT | Sold out |
| 49 | ULTA | Ulta Beauty INC | — | EXIT | Sold out |
| 50 | COR | Cencora INC | — | EXIT | Sold out |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-04-21 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-01-27 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-10-20 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-07-21 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-04-16 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-01-15 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-10-16 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-07-23 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-04-16 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-03-14 | Amendment | View on EDGAR |
| 2023-12-31 | 2024-01-18 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-10-18 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-07-17 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-04-14 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-01-20 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-11-08 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-08-12 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-05-12 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-01-25 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-10-12 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-07-28 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-04-19 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-01-25 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-10-16 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-07-20 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-04-14 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-01-14 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-10-07 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-07-11 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-04-08 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-01-14 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-10-10 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-07-20 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-05-02 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-01-23 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-11-03 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-08-10 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-04-27 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-01-17 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-10-13 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-08-04 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-04-21 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-01-22 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-10-20 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-08-04 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-04-21 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-01-22 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-10-16 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-07-15 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-04-24 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-01-22 | 13F-HR | View on EDGAR |
| 2013-09-30 | 2013-10-30 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-07-17 | 13F-HR | View on EDGAR |
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