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Asset Manager ← All Institutions

HENNESSY ADVISORS INC

7250 REDWOOD BLVD. SUITE 200, NOVATO, CA 94945 • 415-899-1555

Q4 2025 · Filed 2026-01-27
Market Value
$2.8B
-2.7%
Holdings
288
-79
New Purchases
8
Added To
18
Closed
7
Reduced
226
Top 10 Concentration
18.1%
Turnover
5.2%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
PTON 1.09% 0.00% +1.09% $31M
SATS 2.04% 1.47% +0.57% $57M
AAL 1.69% 1.30% +0.39% $48M
SANM 1.80% 1.42% +0.38% $51M
M 1.84% 1.53% +0.30% $52M
CHRW 1.82% 1.54% +0.28% $51M
DY 1.91% 1.69% +0.22% $54M
VSAT 1.63% 1.42% +0.21% $46M
TOTB.DE 0.20% 0.00% +0.20% $6M
COMM 1.59% 1.40% +0.20% $45M
W 1.64% 1.50% +0.14% $46M
JLL 1.54% 1.40% +0.14% $43M
CAH 0.61% 0.47% +0.13% $17M
BTSG 0.67% 0.55% +0.12% $19M
ATRO 0.75% 0.66% +0.10% $21M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
WWW 0.81% 1.26% -0.45% $23M
ACM 1.07% 1.50% -0.43% $30M
PRCH 0.47% 0.89% -0.42% $13M
PENN 1.05% 1.40% -0.36% $29M
OPEN 0.86% 1.20% -0.35% $24M
CALM 1.08% 1.32% -0.23% $30M
J 1.30% 1.51% -0.21% $37M
PRIM 1.52% 1.73% -0.21% $43M
SNX 1.42% 1.63% -0.21% $40M
LYFT 1.23% 1.43% -0.20% $34M
UL 0.00% 0.20% -0.20% $0
TTE 0.00% 0.19% -0.19% $0
EQT 0.80% 0.99% -0.18% $23M
SNEX 1.74% 1.89% -0.16% $49M
LDOS 1.55% 1.70% -0.14% $44M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Energy 14.9%
Consumer Cyclical 14.4%
Industrials 14.2%
Technology 13.0%
Financial Services 12.8%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 33 $249M 8.8%
Large Cap 153 $1.5B 52.9%
Mid Cap 78 $958M 34.1%
Small Cap 21 $115M 4.1%
Micro Cap 3 $3M 0.1%

Portfolio Analytics

Avg Market Cap
$80.1B
Median Market Cap
$23.4B
Avg P/E
26.4
Median P/E
17.5
Avg Dividend Yield
0.03%
Avg Beta
0.82
# Stocks
288
# ETFs / Funds
0

Top Holdings (288 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 SATS 2.04% 526,800 $57M $108.70 $15M -29,300 -5.3%
2 DY 1.91% 158,600 $54M $337.90 $5M -8,900 -5.3%
3 CASY 1.88% 95,900 $53M $552.71 -$4M -5,600 -5.5%
4 M 1.84% 2,343,500 $52M $22.05 $7M -130,700 -5.3%
5 CHRW 1.82% 318,100 $51M $160.76 $7M -17,700 -5.3%
6 SANM 1.80% 336,800 $51M $150.07 $10M -18,800 -5.3%
7 MTZ 1.75% 226,600 $49M $217.37 -$2M -12,600 -5.3%
8 SNEX 1.74% 513,300 $49M $95.13 -$6M -29,500 -5.4%
9 AAL 1.69% 3,104,700 $48M $15.33 $10M -234,500 -7.0%
10 W 1.64% 460,000 $46M $100.41 $3M -25,700 -5.3%
11 VSAT 1.63% 1,330,600 $46M $34.46 $5M -74,200 -5.3%
12 COMM 1.59% 2,473,000 $45M $18.13 $4M -137,900 -5.3%
13 CCK 1.56% 425,800 $44M $102.97 $427K -23,700 -5.3%
14 LDOS 1.55% 241,900 $44M $180.40 -$5M -17,700 -6.8%
15 JLL 1.54% 128,400 $43M $336.47 $3M -7,100 -5.2%
16 PRIM 1.52% 345,400 $43M $124.14 -$7M -19,200 -5.3%
17 GVA 1.52% 370,300 $43M $115.35 -$148K -20,600 -5.3%
18 SNX 1.42% 266,300 $40M $150.23 -$7M -21,104 -7.3%
19 LAD 1.39% 117,900 $39M $332.33 -$160K -6,600 -5.3%
20 NXST 1.38% 191,700 $39M $203.05 -$1M -10,700 -5.3%
21 ALV 1.33% 315,700 $37M $118.70 -$4M -17,600 -5.3%
22 J 1.30% 276,700 $37M $132.46 -$7M -15,400 -5.3%
23 CAKE 1.28% 714,400 $36M $50.48 -$5M -39,800 -5.3%
24 LYFT 1.23% 1,780,900 $34M $19.37 -$7M -99,200 -5.3%
25 PTON 1.09% 4,956,600 $31M $6.16 +4,956,600 NEW
26 CALM 1.08% 383,100 $30M $79.57 -$8M -21,400 -5.3%
27 ACM 1.07% 315,600 $30M $95.33 -$13M -17,600 -5.3%
28 WMB 1.05% 492,632 $30M $60.11 -$4M -34,600 -6.6%
29 PENN 1.05% 1,993,600 $29M $14.75 -$11M -111,100 -5.3%
30 OKE 1.03% 395,954 $29M $73.50 -$498K -9,700 -2.4%
31 LNG 1.02% 147,667 $29M $194.39 -$2M +19,100 +14.9%
32 KMI 0.99% 1,011,461 $28M $27.49 -$2M -33,600 -3.2%
33 TRP 0.98% 501,530 $28M $55.01 -$2M -33,100 -6.2%
34 BRK-A 0.89% 33 $25M $754,800.00 $20K
35 ENB 0.86% 506,265 $24M $47.83 -$2M -4,400 -0.9%
36 ATO 0.86% 144,386 $24M $167.63 -$1M -3,700 -2.5%
37 OPEN 0.86% 4,125,400 $24M $5.83 -$11M -230,000 -5.3%
38 SRE 0.85% 271,580 $24M $88.29 -$3M -26,200 -8.8%
39 WWW 0.81% 1,261,800 $23M $18.15 -$14M -70,400 -5.3%
40 EQT 0.80% 422,100 $23M $53.60 -$6M -102,598 -19.6%
41 SO 0.78% 252,400 $22M $87.20 -$3M -6,800 -2.6%
42 ATRO 0.75% 390,900 $21M $54.24 $2M -25,400 -6.1%
43 BTSG 0.67% 505,300 $19M $37.45 $3M -32,800 -6.1%
44 DTM 0.64% 149,740 $18M $119.68 $596K -3,500 -2.3%
45 VZ 0.62% 431,485 $18M $40.73 -$2M -19,450 -4.3%
46 CAH 0.61% 83,000 $17M $205.50 $3M -4,500 -5.1%
47 WEC 0.56% 149,140 $16M $105.46 -$2M -2,400 -1.6%
48 JNJ 0.54% 74,050 $15M $206.95 $371K -6,600 -8.2%
49 NI 0.54% 362,781 $15M $41.76 -$559K
50 TIGO 0.51% 260,900 $14M $55.44 $975K -17,000 -6.1%
51 NGG 0.50% 180,644 $14M $77.35 $489K -4,900 -2.6%
52 UGI 0.48% 357,952 $13M $37.43 $811K -20,500 -5.4%
53 PRCH 0.47% 1,446,500 $13M $9.13 -$13M -94,100 -6.1%
54 KR 0.47% 209,662 $13M $62.48 -$2M -12,700 -5.7%
55 CNP 0.46% 341,128 $13M $38.34 -$529K -9,600 -2.7%
56 MRK 0.46% 121,850 $13M $105.26 $2M -3,450 -2.8%
57 FOXA 0.45% 173,200 $13M $73.07 $1M -11,300 -6.1%
58 PEG 0.45% 156,390 $13M $80.30 -$853K -4,300 -2.7%
59 COMP 0.44% 1,160,000 $12M $10.57 $2M -75,400 -6.1%
60 ED 0.42% 117,636 $12M $99.32 -$463K -3,200 -2.6%
61 PCG 0.41% 720,249 $12M $16.07 $413K -19,900 -2.7%
62 DUK 0.40% 96,787 $11M $117.21 -$967K -2,700 -2.7%
63 CSGS 0.39% 144,667 $11M $76.69 $1M -9,400 -6.1%
64 PBI 0.38% 1,009,300 $11M $10.57 -$2M -65,700 -6.1%
65 PSMT 0.37% 85,500 $10M $122.67 -$552K -5,600 -6.2%
66 GHC 0.37% 9,387 $10M $1,098.60 -$1M -600 -6.0%
67 PM 0.36% 63,800 $10M $160.40 -$553K -2,700 -4.1%
68 CMS 0.36% 145,698 $10M $69.93 -$485K
69 CHEF 0.36% 160,998 $10M $62.33 $37K -10,400 -6.1%
70 WMT 0.36% 89,900 $10M $111.41 $143K -5,900 -6.2%
71 C 0.36% 85,800 $10M $116.69 $938K -3,600 -4.0%
72 EPD 0.35% 310,050 $10M $32.06 $245K
73 EVER 0.35% 365,800 $10M $27.00 $966K -23,800 -6.1%
74 BHF 0.35% 150,947 $10M $64.79 $1M -9,800 -6.1%
75 KO 0.34% 138,800 $10M $69.91 -$32K -8,000 -5.5%
76 HMN 0.34% 210,000 $10M $46.18 -$407K -13,700 -6.1%
77 AXS 0.34% 90,100 $10M $107.09 $452K -5,900 -6.2%
78 ALHC 0.34% 488,000 $10M $19.75 $569K -31,700 -6.1%
79 ET 0.34% 580,930 $10M $16.49 -$389K
80 TDS 0.34% 233,300 $10M $41.00 -$182K -15,100 -6.1%
81 MPLX 0.33% 176,549 $9M $53.37 $454K -3,000 -1.7%
82 CVX 0.33% 60,982 $9M $152.41 -$525K -2,250 -3.6%
83 LYV 0.33% 64,395 $9M $142.50 -$2M -4,200 -6.1%
84 CSCO 0.32% 116,600 $9M $77.03 -$1M -32,100 -21.6%
85 L 0.32% 85,200 $9M $105.31 -$143K -5,600 -6.2%
86 IBM 0.32% 30,150 $9M $296.21 -$3M -10,650 -26.1%
87 ORI 0.32% 194,898 $9M $45.64 $78K -12,700 -6.1%
88 FDP 0.31% 248,345 $9M $35.63 -$333K -16,100 -6.1%
89 ADT 0.31% 1,089,000 $9M $8.07 -$1M -70,900 -6.1%
90 EAT 0.31% 60,700 $9M $143.52 $528K -3,900 -6.0%
91 EZPW 0.31% 445,300 $9M $19.42 -$381K -28,900 -6.1%
92 MO 0.31% 149,500 $9M $57.66 -$2M -6,400 -4.1%
93 MKL 0.31% 4,000 $9M $2,149.65 $380K -300 -7.0%
94 TD 0.30% 88,700 $8M $94.20 $864K -5,000 -5.3%
95 MS 0.30% 47,000 $8M $177.53 $507K -2,300 -4.7%
96 FMS 0.30% 349,500 $8M $23.82 -$1M -22,700 -6.1%
97 THG 0.29% 44,900 $8M $182.77 -$494K -3,000 -6.3%
98 TRV 0.29% 28,000 $8M $290.06 -$227K -1,900 -6.3%
99 PG 0.29% 56,300 $8M $143.31 -$621K -250 -0.4%
100 HSBC 0.28% 100,800 $8M $78.67 $378K -5,600 -5.3%

New Positions

SymbolValue% Port
PTON $31M 1.09%
TOTB.DE $6M 0.20%
FI $537K 0.02%
KEY $413K 0.01%
MICC $284K 0.01%
FG $215K 0.01%
DAVA $97K —%
KRNY $74K —%

Sold Out Positions

SymbolValue% Port
HTB —%
UL —%
MUR —%
TTE —%
FIGR —%
TSEM —%
PRTH —%
View SEC EDGAR Filings for HENNESSY ADVISORS INC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms