HENNESSY ADVISORS INC

Registered adviser

CIK

1145255

Location

NOVATO, CA

Portfolio Value

Mid $3,114,346,447

Diversification

Diversified

Filing Date

Global Rank

#1,212 / 8,817 ▼ 11

Top Industry

Engineering & Construction 10.3%

Period ended 4 months ago

Filed Jul 16, 2026 · 3mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 110770

Roster of Oct 1, 2026

Regulatory AUM

$4,252,155,951

Main clients

Registered funds and BDCs (100% of AUM)

Registered funds advised

17 series (1 index, 1 ETF)

$4,446,422,399 net assets· N-CEN Oct 31, 2025

LEI

549300OM5HCSFZO7FR31

SIC code

6282

Private funds on Schedule D 7.B.(1)

As filed Dec 16, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

No private funds listed.

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Dec 2025 to Oct 2026	$4,252,155,951	Registered funds and BDCs (100%)
Jan 2025 to Sep 2025	$5,149,278,896	Registered funds and BDCs (100%)
Jan 2024 to Dec 2024	$3,071,521,476	Registered funds and BDCs (100%)
May 2023 to Dec 2023	$2,977,502,486	Registered funds and BDCs (100%)
Jan 2023 to Apr 2023	$2,977,502,486	Registered funds and BDCs (100%)
Jan 2022 to Dec 2022	$4,097,449,969	Registered funds and BDCs (100%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Diversified active

Top 10 weight 23.1%, 97.7 effective positions, active share 82.8% against the S&P 500 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Medium turnover

59.7% over the last four quarters (30% to under 100%)

Horizon

Horizon unknown

The value-weighted holding period is at least 10.1 quarters, but 20.6% of the book was already held when coverage starts

Closest benchmark: the S&P 500 as of 2026-06-30, active share 82.8%; sector active share 34.3% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

324 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

3.5%

+1.1 pts

Top 5

13.8%

+2.9 pts

Top 10

23.1%

+4.1 pts

HHI

102

Diversified+12

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Industrials	17.4%	$541,741,792	30
Technology	16.2%	$504,240,763	40
Consumer Cyclical	15.3%	$476,798,161	35
Energy	13.9%	$432,278,598	48
Utilities	10.0%	$310,718,466	39
Financial Services	9.9%	$307,047,469	68
Healthcare	4.5%	$138,791,253	20
Communication Services	4.3%	$135,008,506	11
Consumer Defensive	4.1%	$128,537,406	17
Basic Materials	2.3%	$71,401,474	11
Real Estate	2.2%	$67,390,159	4
Unclassified	0.0%	$392,400	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
PBR	Petrobras - Petroleo Brasileiro SA	+413,800	855,400	$13,823,264
CMCSA	Comcast Corp	+94,458	303,558	$7,452,348
F	Ford Motor Co	+93,898	533,798	$7,419,792
T	At&T Inc.	+87,564	341,524	$7,069,546
PRIM	Primoris Services Corp	+71,800	384,500	$38,111,640
EXC	Exelon Corp	+65,430	192,661	$8,981,855
PFE	Pfizer Inc	+63,013	296,113	$7,130,401
CHRW	C. H. Robinson Worldwide, Inc.	+50,638	338,638	$63,779,080
DELL	Dell Technologies Inc.	+44,100	67,900	$29,296,134
SANM	Sanmina Corp	+42,500	347,400	$87,919,992
KRNY	Kearny Financial Corp.	+40,000	290,000	$2,743,400
SNX	Td Synnex Corp	+39,628	281,600	$75,282,944
JBL	Jabil Inc	+35,590	46,989	$18,113,319
MDT	Medtronic plc	+30,326	90,326	$7,066,202
NEM	NEWMONT Corp	+20,328	42,528	$3,972,115
GILD	Gilead Sciences, Inc.	+16,899	85,199	$10,764,041
LNG	Cheniere Energy, Inc.	+16,757	134,754	$32,207,553
PEP	Pepsico Inc	+15,541	74,841	$10,133,471
NGG	National Grid PLC	+13,100	194,044	$16,080,426
ED	Consolidated Edison Inc	+12,400	127,836	$14,142,496
WTRG	Essential Utilities, Inc.	+12,000	112,300	$4,302,213
PNC	Pnc Financial Services Group, Inc.	+11,547	19,547	$4,812,862
PEG	Public Service Enterprise Group Inc	+10,500	163,790	$13,293,196
SR	Spire Inc	+8,200	60,441	$4,719,837
FTS	Fortis Inc.	+8,000	102,176	$5,847,532
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
PBI	Pitney Bowes Inc	−380,600	594,900	$10,422,648
BTSG	BrightSpring Health Services, Inc.	−293,500	194,800	$13,585,352
UGI	Ugi Corp	−232,200	113,952	$3,935,902
VZ	Verizon Communications Inc	−199,035	245,650	$10,400,821
EZPW	Ezcorp Inc	−147,500	282,800	$9,776,396
SNEX	StoneX Group Inc.	−141,450	564,600	$66,905,100
EQT	EQT Corp	−138,468	285,232	$15,165,785
KR	Kroger Co	−119,162	40,700	$2,260,071
PCG	PG&E Corp	−59,500	645,949	$10,864,862
TRP	Tc Energy Corp	−41,900	417,800	$27,695,962
ENB	Enbridge Inc	−37,900	454,565	$24,641,968
ALL	Allstate Corp	−36,812	13,300	$3,164,602
OKE	Oneok Inc	−35,500	360,114	$31,308,311
ET	Energy Transfer LP	−32,164	537,596	$0
TRV	Travelers Companies, Inc.	−27,400	9,500	$3,136,140
CNP	Centerpoint Energy Inc	−19,800	314,428	$13,847,409
CASY	Caseys General Stores Inc	−18,500	69,500	$55,237,905
ACDC	ProFrac Holding Corp.	−15,318	43,182	$250,887
WAFD	Wafd Inc	−14,000	96,000	$3,683,520
NOV	NOV Inc.	−13,642	38,458	$713,395
FLG	Flagstar Bank, National Association	−13,000	212,000	$3,167,280
CNQ	CANADIAN NATURAL RESOURCES Ltd	−12,600	164,300	$6,489,850
PYPL	PayPal Holdings, Inc.	−12,300	50,600	$2,184,908
EGBN	Eagle Bancorp Inc	−10,000	135,000	$3,832,650
AM	Antero Midstream Corp	−10,000	286,910	$6,527,202
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
VSH	Vishay Intertechnology Inc	320,100	$17,214,978
GTX	Garrett Motion Inc.	365,600	$13,245,688
AIR	Aar Corp	83,300	$11,906,069
MYRG	Myr Group Inc.	22,800	$11,409,120
DHC	Diversified Healthcare Trust	1,207,300	$11,227,890
DBD	DIEBOLD NIXDORF, Inc	127,700	$10,857,054
OII	Oceaneering International Inc	267,086	$10,822,324
CMP	Compass Minerals International Inc	345,500	$10,755,415
KALU	Kaiser Aluminum Corp	54,400	$10,642,272
TDAY	USA TODAY Co., Inc.	1,237,254	$10,578,521
SCHL	Scholastic Corp	227,000	$10,442,000
ECPG	Encore Capital Group Inc	111,400	$10,392,506
DK	Delek US Holdings, Inc.	200,900	$10,207,729
CLMT	Calumet, Inc.	283,200	$10,200,864
PBF	PBF Energy Inc.	218,900	$9,964,328
DINO	HF Sinclair Corp	139,100	$9,688,315
MT	ArcelorMittal	159,900	$9,629,178
HG	Hamilton Insurance Group, Ltd.	280,800	$9,530,352
CSTM	Constellium SE	294,500	$9,385,715
DXPE	Dxp Enterprises Inc	55,239	$9,321,028
WCC	Wesco International Inc	26,600	$9,188,438
KMT	Kennametal Inc	256,500	$8,990,325
EFXT	Enerflex Ltd.	346,800	$8,500,068
UNFI	United Natural Foods Inc	185,483	$8,471,008
TPC	Tutor Perini Corp	101,200	$8,396,564
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
ATRO	Astronics Corp	377,800	$24,144,230
TIGO	Millicom International Cellular SA	252,100	$18,892,374
CAH	Cardinal Health Inc	60,100	$12,699,731
PSMT	Pricesmart Inc	82,600	$12,431,300
WMT	Walmart Inc.	86,900	$10,799,932
PRCH	Porch Group, Inc.	1,398,100	$10,024,377
FOXA	Fox Corp	167,400	$9,776,160
DMC	Del Monte Corp	239,945	$9,660,185
GHC	Graham Holdings Co	8,987	$9,501,595
TDS	Telephone & Data Systems Inc	225,400	$9,489,340
LYV	Live Nation Entertainment, Inc.	62,195	$9,485,359
VIRT	Virtu Financial, Inc.	215,400	$9,473,292
CHEF	Chefs' Warehouse, Inc.	155,598	$9,250,301
SUN	Sunoco LP	140,200	$9,108,794
AXS	Axis Capital Holdings Ltd	87,100	$8,832,811
L	Loews Corp	82,400	$8,795,376
BHF	Brighthouse Financial, Inc.	145,847	$8,733,318
HMN	Horace Mann Educators Corp	203,000	$8,664,040
EAT	Brinker International, Inc	58,700	$8,380,599
ALHC	Alignment Healthcare, Inc.	471,600	$8,309,592
COMP	Compass, Inc.	1,121,100	$8,195,241
FMS	Fresenius Medical Care AG	337,800	$7,620,768
THG	Hanover Insurance Group, Inc.	43,400	$7,523,390
ORI	Old Republic International Corp	188,398	$7,517,080
MKL	Markel Group Inc.	3,900	$7,464,872
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

324 tracked positions · $3,114,346,447 total · filing declares 325 positions · $3,128,618,298 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 324 positions by value · page 1 of 7

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
VSAT	Viasat Inc Technology	Held	1,204,700	0	$108,194,107	+96.1%	8	$23.84	3.47%
SANM	Sanmina Corp Technology	Added	347,400	+42,500	$87,919,992	+122.4%	4	$125.50	2.82%
MTZ	Mastec Inc Industrials	Held	205,100	0	$85,333,906	+29.3%	4	$183.12	2.74%
SNX	Td Synnex Corp Technology	Added	281,600	+39,628	$75,282,944	+84.4%	5	$160.48	2.42%
DY	Dycom Industries Inc Industrials	Held	143,600	0	$72,602,724	+49.2%	7	$185.01	2.33%
SNEX	StoneX Group Inc. Financial Services	Reduced	564,600	-141,450	$66,905,100	+17.5%	5	$62.16	2.15%
CHRW	C. H. Robinson Worldwide, Inc. Industrials	Added	338,638	+50,638	$63,779,080	+33.4%	4	$126.34	2.05%
CASY	Caseys General Stores Inc Consumer Cyclical	Reduced	69,500	-18,500	$55,237,905	−13.8%	5	$509.64	1.77%
GVA	Granite Construction Inc Industrials	Held	335,200	0	$52,988,416	+31.9%	7	$90.12	1.70%
CAKE	Cheesecake Factory Inc Consumer Cyclical	Held	646,700	0	$51,438,518	+45.3%	7	$46.01	1.65%
AAL	American Airlines Group Inc. Industrials	Held	2,810,900	0	$50,792,963	+68.2%	4	$12.32	1.63%
M	Macy's, Inc. Consumer Cyclical	Held	2,121,700	0	$49,966,035	+30.2%	4	$14.16	1.60%
ECHO	EchoStar CORP Communication Services	Held	476,900	0	$48,405,350	−13.3%	4	$45.28	1.55%
CCK	Crown Holdings, Inc. Consumer Cyclical	Held	385,500	0	$43,106,610	+11.5%	4	$100.32	1.38%
PENN	PENN Entertainment, Inc. Consumer Cyclical	Held	1,804,900	0	$38,552,664	+42.1%	4	$18.76	1.24%
W	Wayfair Inc. Consumer Cyclical	Held	416,500	0	$38,492,930	+22.9%	4	$73.26	1.24%
PRIM	Primoris Services Corp Industrials	Added	384,500	+71,800	$38,111,640	−14.8%	4	$111.87	1.22%
JLL	Jones Lang Lasalle Inc Real Estate	Held	116,200	0	$36,016,190	+1.9%	4	$285.67	1.16%
ALV	Autoliv Inc Consumer Cyclical	Held	285,800	0	$33,201,386	+10.5%	4	$119.69	1.07%
WMB	Williams Companies, Inc. Energy	Reduced	441,321	-8,961	$32,807,803	+0.1%	18	$53.90	1.05%
LNG	Cheniere Energy, Inc. Energy	Added	134,754	+16,757	$32,207,553	−3.8%	26+	before history	1.03%
J	Jacobs Solutions Inc. Industrials	Held	250,500	0	$31,563,000	−1.0%	4	$143.70	1.01%
OKE	Oneok Inc Energy	Reduced	360,114	-35,500	$31,308,311	−12.4%	19	$69.43	1.01%
LAD	Lithia Motors Inc Consumer Cyclical	Held	106,800	0	$31,024,332	+16.3%	4	$322.59	1.00%
NXST	Nexstar Media Group, Inc. Communication Services	Held	173,500	0	$30,985,365	−1.2%	4	$195.57	0.99%
DELL	Dell Technologies Inc. Technology	Added	67,900	+44,100	$29,296,134	+650.0%	14	$224.65	0.94%
KMI	Kinder Morgan, Inc. Energy	Reduced	912,151	-9,580	$29,161,467	−5.6%	26+	before history	0.94%
VISN	Vistance Networks, Inc. Technology	Held	2,239,000	0	$28,614,420	−29.8%	4	$12.98	0.92%
CALM	Cal-Maine Foods Inc Consumer Defensive	Held	346,800	0	$27,938,208	+1.8%	4	$106.80	0.90%
TRP	Tc Energy Corp Energy	Reduced	417,800	-41,900	$27,695,962	−3.8%	17	unpriced	0.89%
PTON	Peloton Interactive, Inc. Consumer Cyclical	Held	4,487,400	0	$26,520,534	+37.8%	3	$7.04	0.85%
BRK-A	Berkshire Hathaway Inc Financial Services	Reduced	35	-1	$26,209,750	+1.4%	26+	before history	0.84%
SRE	Sempra Utilities	Added	279,780	+400	$25,938,403	−4.5%	26+	before history	0.83%
ATO	Atmos Energy Corp Utilities	Added	148,286	+5,000	$25,545,229	−3.5%	26+	before history	0.82%
SO	Southern Co Utilities	Added	263,900	+7,800	$25,257,869	+2.2%	26+	before history	0.81%
ENB	Enbridge Inc Energy	Reduced	454,565	-37,900	$24,641,968	−7.6%	26+	before history	0.79%
LYFT	Lyft, Inc. Technology	Held	1,612,300	0	$23,555,703	+9.8%	4	$16.73	0.76%
DTM	DT Midstream, Inc. Energy	Added	153,480	+5,400	$22,521,655	+12.9%	18	$60.37	0.72%
LDOS	Leidos Holdings, Inc. Technology	Reduced	217,100	-400	$22,354,787	−33.9%	6	$171.80	0.72%
ACM	Aecom Industrials	Held	285,700	0	$19,941,860	−17.7%	4	$120.76	0.64%
WWW	Wolverine World Wide Inc Consumer Cyclical	Held	1,142,400	0	$18,883,872	+1.3%	4	$26.32	0.61%
JBL	Jabil Inc Technology	Added	46,989	+35,590	$18,113,319	+498.2%	14	$281.96	0.58%
WEC	Wec Energy Group, Inc. Utilities	Added	151,140	+2,000	$17,648,617	+2.2%	26+	before history	0.57%
OPEN	Opendoor Technologies Inc. Real Estate	Held	3,734,900	0	$17,255,238	−1.3%	4	$4.19	0.55%
VSH	Vishay Intertechnology Inc Technology	NEW	320,100	NEW	$17,214,978	NEW	1	$40.91	0.55%
NI	Nisource Inc. Utilities	Added	359,381	+900	$17,088,566	+2.2%	26+	before history	0.55%
NGG	National Grid PLC Utilities	Added	194,044	+13,100	$16,080,426	+5.0%	26+	before history	0.52%
EQT	EQT Corp Energy	Reduced	285,232	-138,468	$15,165,785	−43.8%	18	$28.41	0.49%
MRK	Merck & Co., Inc. Healthcare	Reduced	114,850	-2,950	$14,758,225	+4.2%	26+	before history	0.47%
ED	Consolidated Edison Inc Utilities	Added	127,836	+12,400	$14,142,496	+8.2%	26+	before history	0.45%

Showing the top 50 of 324 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.