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Portfolio (Quarterly) Guide ↗

HENNESSY ADVISORS INC

· CIK 0001145255
13F Portfolio $2.8B AUM 283 positions Filed Jan 27, 2026 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 9 New 18 Added 226 Reduced 7 Exited
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 LNG Cheniere Energy Inc Energy 147,667.0 $28.7M 1.02% +19K +14.9% $194.39 +23.7%
2 NKE NIKE Inc Consumer Cyclical 101,100.0 $6.4M 0.23% +23K +30.0% $63.71 -30.3%
3 HD Home Depot Inc/The Consumer Cyclical 17,450.0 $6.0M 0.21% +4K +32.2% $344.10 -8.8%
4 INDB Independent Bank Corp Financial Services 47,000.0 $3.4M 0.12% +2K +4.4% $73.08 +7.6%
5 BKH Black Hills Corp Utilities 47,147.0 $3.3M 0.12% +300.0 +0.6% $69.42 +6.8%
6 OCFC OceanFirst Financial Corp Financial Services 180,000.0 $3.2M 0.12% +5K +2.9% $17.95 +4.7%
7 TBBK Bancorp Inc Del Financial Services 40,000.0 $2.7M 0.10% +10K +33.3% $67.52 -18.7%
8 UNH UnitedHealth Group Inc Healthcare 6,800.0 $2.2M 0.08% +5K +385.7% $330.11 +16.1%
9 Beacon Financial Corp 65,000.0 $1.7M 0.06% +38K +138.1% $26.37
10 AVBC Avidia Bancorp Inc Financial Services 95,000.0 $1.6M 0.06% +55K +137.5% $16.81 +14.8%
11 USB US Bancorp Financial Services 28,000.0 $1.5M 0.05% +15K +115.4% $53.36 +2.1%
12 V Visa Inc Financial Services 4,100.0 $1.4M 0.05% +100.0 +2.5% $350.71 -5.7%
13 MA Mastercard Incorporated Financial Services 2,500.0 $1.4M 0.05% +500.0 +25.0% $570.88 -12.5%
14 PYPL PayPal Holdings Inc Financial Services 24,000.0 $1.4M 0.05% +3K +14.3% $58.38 -24.0%
15 CFG Citizens Financial Group Inc Financial Services 10,000.0 $584K 0.02% +1K +11.1% $58.41 +7.5%
16 SCHW Charles Schwab Corp/The Financial Services 3,500.0 $350K 0.01% +500.0 +16.7% $99.91 -9.8%
17 ERIC Telefonaktiebolaget LM Ericsson Technology 16,324.0 $158K 0.01% +2K +10.2% $9.65 +37.2%
18 UMC United Microelectronics Corp Technology 18,212.0 $143K 0.01% +1K +8.8% $7.86 +123.4%

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Consumer Cyclical 16.8%
Industrials 16.3%
Technology 12.7%
Energy 12.6%
Financial Services 11.5%
Utilities 10.2%
Consumer Defensive 7.1%
Healthcare 5.2%
Communication Services 4.9%
Real Estate 2.5%