HENNESSY ADVISORS INC

FundStock

CIK 0001145255 · Q2 2026

13F Equity AUM

$3.1B

+13.0% QoQ

Positions

325

+47 QoQ

AUM Rank

#1,162

Top 13%

Skill Alpha (FF)

+0.3%/yr^ns

No Clear Edge

Rank #2,482 · Top 30%

vs S&P -2.1%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 13.7%Top 10: 23.0%Top 20: 36.1%

VSAT3.5%

SANM2.8%

MTZ2.7%

SUX2.4%

DY2.3%

SNEX2.1%

CHRW2.0%

CASY1.8%

GVA1.7%

CAKE1.6%

Others (315)77.0%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Industrials17.1%

Technology15.3%

Consumer Cyclical14.9%

Energy14.2%

Utilities9.8%

Financial Services8.6%

Healthcare4.4%

Consumer Defensive3.9%

Other11.7%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 325Median: 0.16%Avg: 0.31%

0–0.5%

278(42.7%)

0.5–1%

24(18.2%)

1–3%

22(35.7%)

3–5%

1(3.5%)

5%+

0(0.0%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 325vs 20 funds

0%Low

325

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New88Increased58Decreased129Exited41

New Positions

VSH0.6%

+320K

GTX0.4%

+366K

AIR0.4%

+83K

MYRG0.4%

+23K

DHC0.4%

+1.2M

DBD0.3%

+128K

OII0.3%

+267K

TDAY0.3%

+1.2M

CMP0.3%

+346K

KALU0.3%

+54K

Increased

PBR0.4%

+414K(+94%)

CMCSA0.2%

+94K(+45%)

F0.2%

+94K(+21%)

T0.2%

+88K(+34%)

PRIM1.2%

+72K(+23%)

PEO0.3%

+65K(+51%)

PFE0.2%

+63K(+27%)

CHRW2.0%

+51K(+18%)

DELL0.9%

+44K(+185%)

SANM2.8%

+43K(+14%)

Decreased

PBI0.3%

-380,600(-39%)

BTSG0.4%

-293,500(-60%)

UGI0.1%

-232,200(-67%)

BAC0.3%

-199,035(-45%)

EZPW0.3%

-147,500(-34%)

SNEX2.1%

-141,450(-20%)

EQT0.5%

-138,468(-33%)

KR0.1%

-119,162(-75%)

PCG0.3%

-59,500(-8%)

TRP0.9%

-41,900(-9%)

Exited

-377,800

-252,100

-60,100

-82,600

-139,767

-86,900

-1,398,100

-239,945

-167,400

-215,400

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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