HENNESSY ADVISORS INC
Long book
$2.77B
Q1 2026
Positions
278
Top-10 weight
19%
concentration
Last quarter
+13.3%
SPY +14.8%
Turnover
18%
of book per quarter
Strategy in plain words
auto-generated from filingsHENNESSY ADVISORS INC is an institutional manager, running a $2.77B US long book across 278 positions.
The portfolio is broadly diversified across 278 positions (top 10 only 19%). Turnover is modest: positions are typically held for years. Current anchor positions: MASTEC INC, CASEY'S GENERAL STORES INC, STONEX GROUP INC, ECHOSTAR CORP-A, VIASAT INC.
Over the last 9 quarters its long book ran on average 0.1pp per quarter ahead of the S&P 500, beating the index in 4 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.3%
Q2 2024
+9.9%
Q3 2024
+3.3%
Q4 2024
-3.6%
Q1 2025
+8.2%
Q2 2025
+2.5%
Q3 2025
+1.6%
Q4 2025
+4.3%
Q1 2026
+13.3%
Sector allocation
Utilities 19%
Industrials 16%
Consumer discretionary 13%
Financials 13%
Communications 8%
Technology 7%
Energy 6%
Services media 5%
Long book by quarter
What does HENNESSY ADVISORS own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| MTZ MASTEC INC | Industrials | 205.1K | $66.0M | 2.4% | -9.5% |
| CASY CASEY'S GENERAL STORES INC | Consumer discretionary | 88.0K | $64.1M | 2.3% | -8.2% |
| SNEX STONEX GROUP INC | Financials | 706.0K | $56.9M | 2.1% | +37.6% |
| ECHO ECHOSTAR CORP-A | Communications | 476.9K | $55.8M | 2.0% | -9.5% |
| VSAT VIASAT INC | Communications | 1.2M | $55.2M | 2.0% | -9.5% |
| DY DYCOM INDUSTRIES INC | Industrials | 143.6K | $48.7M | 1.8% | -9.5% |
| CHRW C.H. ROBINSON WORLDWIDE INC | Industrials | 288.0K | $47.8M | 1.7% | -9.5% |
| PRIM PRIMORIS SERVICES CORP | Industrials | 312.7K | $44.7M | 1.6% | -9.5% |
| SNX TD SYNNEX CORP | Consumer discretionary | 242.0K | $40.8M | 1.5% | -9.1% |
| VISN VISTANCE NETWORKS INC | Technology | 2.2M | $40.7M | 1.5% | -9.5% |
| GVA GRANITE CONSTRUCTION INC | Industrials | 335.2K | $40.2M | 1.5% | -9.5% |
| SANM SANMINA CORP | Technology | 304.9K | $39.5M | 1.4% | -9.5% |
| CCK CROWN HOLDINGS INC | Industrials | 385.5K | $38.6M | 1.4% | -9.5% |
| M MACY'S INC | Consumer discretionary | 2.1M | $38.4M | 1.4% | -9.5% |
| OKE ONEOK INC | Utilities | 395.6K | $35.8M | 1.3% | -0.1% |
| CAKE CHEESECAKE FACTORY INC/THE | Consumer discretionary | 646.7K | $35.4M | 1.3% | -9.5% |
| JLL JONES LANG LASALLE INC | Real estate | 116.2K | $35.4M | 1.3% | -9.5% |
| LDOS LEIDOS HOLDINGS INC | Technology | 217.5K | $33.8M | 1.2% | -10.1% |
| LNG CHENIERE ENERGY INC | Utilities | 118.0K | $33.5M | 1.2% | -20.1% |
| WMB WILLIAMS COS INC | Utilities | 450.3K | $32.8M | 1.2% | -8.6% |
| J JACOBS SOLUTIONS INC | Industrials | 250.5K | $31.9M | 1.2% | -9.5% |
| NXST NEXSTAR MEDIA GROUP INC | Communications | 173.5K | $31.4M | 1.1% | -9.5% |
| W WAYFAIR INC- CLASS A | Consumer discretionary | 416.5K | $31.3M | 1.1% | -9.5% |
| KMI KINDER MORGAN INC | Utilities | 921.7K | $30.9M | 1.1% | -8.9% |
| AAL AMERICAN AIRLINES GROUP INC | Industrials | 2.8M | $30.2M | 1.1% | -9.5% |
| ALV AUTOLIV INC | Industrials | 285.8K | $30.1M | 1.1% | -9.5% |
| TRP TC ENERGY CORP | Utilities | 459.7K | $28.8M | 1.0% | -8.3% |
| CALM CAL-MAINE FOODS INC | Consumer staples | 346.8K | $27.4M | 1.0% | -9.5% |
| SRE SEMPRA | Utilities | 279.4K | $27.1M | 1.0% | +2.9% |
| PENN PENN ENTERTAINMENT INC | Services media | 1.8M | $27.1M | 1.0% | -9.5% |
| EQT EQT CORP | Energy | 423.7K | $27.0M | 1.0% | +0.4% |
| LAD LITHIA MOTORS INC | Consumer discretionary | 106.8K | $26.7M | 1.0% | -9.4% |
| ENB ENBRIDGE INC | Energy | 492.5K | $26.7M | 1.0% | -2.7% |
| ATO ATMOS ENERGY CORP | Utilities | 143.3K | $26.5M | 1.0% | -0.8% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 36 | $25.9M | 0.9% | +9.1% |
| ATRO ASTRONICS CORP | Industrials | 377.8K | $25.2M | 0.9% | -3.4% |
| SO SOUTHERN CO/THE | Utilities | 256.1K | $24.7M | 0.9% | +1.5% |
| ACM AECOM | Services media | 285.7K | $24.2M | 0.9% | -9.5% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 444.7K | $22.3M | 0.8% | +3.1% |
| LYFT LYFT INC-A | Services media | 1.6M | $21.4M | 0.8% | -9.5% |
| BTSG BRIGHTSPRING HEALTH SERVICES | Healthcare | 488.3K | $20.8M | 0.8% | -3.4% |
| DTM DT MIDSTREAM INC | Utilities | 148.1K | $19.9M | 0.7% | -1.1% |
| PTON PELOTON INTERACTIVE INC-A | Other | 4.5M | $19.3M | 0.7% | -9.5% |
| TIGO MILLICOM INTL CELLULAR S.A. | Communications | 252.1K | $18.9M | 0.7% | -3.4% |
| WWW WOLVERINE WORLD WIDE INC | Other | 1.1M | $18.6M | 0.7% | -9.5% |
| OPEN OPENDOOR TECHNOLOGIES INC | Real estate | 3.7M | $17.5M | 0.6% | -9.5% |
| WEC WEC ENERGY GROUP INC | Utilities | 149.1K | $17.3M | 0.6% | Held |
| NI NISOURCE INC | Utilities | 358.5K | $16.7M | 0.6% | -1.2% |
| CNP CENTERPOINT ENERGY INC | Utilities | 334.2K | $14.4M | 0.5% | -2.0% |
| MRK MERCK & CO. INC. | Healthcare | 117.8K | $14.2M | 0.5% | -3.3% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 21, 2026 | 278 | $2.77B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 27, 2026 | 283 | $2.82B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 20, 2025 | 281 | $2.90B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 21, 2025 | 340 | $3.00B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 16, 2025 | 295 | $3.00B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 15, 2025 | 306 | $3.36B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 16, 2024 | 300 | $3.12B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 23, 2024 | 300 | $2.64B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 16, 2024 | 287 | $2.38B | canonical | SEC ↗ |
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