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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
Page 2 of 12  ·  226 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 ALV Autoliv Inc Consumer Cyclical 315,700.0 $37.5M 1.33% -18K -5.3% $118.70 +1.3%
22 J Jacobs Solutions Inc Industrials 276,700.0 $36.7M 1.30% -15K -5.3% $132.46 -13.9%
23 CAKE Cheesecake Factory Inc/The Consumer Cyclical 714,400.0 $36.1M 1.28% -40K -5.3% $50.48 +20.0%
24 LYFT Lyft Inc Technology 1,780,900.0 $34.5M 1.22% -99K -5.3% $19.37 -30.4%
25 CALM Cal Maine Foods Inc Consumer Defensive 383,100.0 $30.5M 1.08% -21K -5.3% $79.57 -3.3%
26 ACM AECOM Industrials 315,600.0 $30.1M 1.07% -18K -5.3% $95.33 -26.4%
27 WMB Williams Cos Inc/The Energy 492,632.0 $29.6M 1.05% -35K -6.6% $60.11 +29.6%
28 PENN Penn Entertainment Inc Consumer Cyclical 1,993,600.0 $29.4M 1.04% -111K -5.3% $14.75 +13.2%
29 OKE ONEOK Inc Energy 395,954.0 $29.1M 1.03% -10K -2.4% $73.50 +26.0%
30 KMI Kinder Morgan Inc Energy 1,011,461.0 $27.8M 0.98% -34K -3.2% $27.49 +21.9%
31 TRP TC Energy Corp Energy 501,530.0 $27.6M 0.98% -33K -6.2% $55.01 +27.4%
32 ENB Enbridge Inc Energy 506,265.0 $24.2M 0.86% -4K -0.9% $47.83 +20.8%
33 ATO Atmos Energy Corp Utilities 144,386.0 $24.2M 0.86% -4K -2.5% $167.63 +5.9%
34 OPEN Opendoor Technologies Inc Real Estate 4,125,400.0 $24.1M 0.85% -230K -5.3% $5.83 -21.6%
35 SRE Sempra Utilities 271,580.0 $24.0M 0.85% -26K -8.8% $88.29 +3.6%
36 WWW Wolverine World Wide Inc Consumer Cyclical 1,261,800.0 $22.9M 0.81% -70K -5.3% $18.15 -15.8%
37 EQT EQT Corp Energy 422,100.0 $22.6M 0.80% -103K -19.6% $53.60 +7.7%
38 SO Southern Co/The Utilities 252,400.0 $22.0M 0.78% -7K -2.6% $87.20 +7.4%
39 ATRO Astronics Corp Industrials 390,900.0 $21.2M 0.75% -25K -6.1% $54.24 +47.3%
40 BTSG BrightSpring Health Services Inc Healthcare 505,300.0 $18.9M 0.67% -33K -6.1% $37.45 +54.8%
Page 2 of 12  ·  226 positions

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%