HENNESSY ADVISORS INC

Q4 2025 13F-HR Holdings

Location
Novato, CA
Holdings as of
12/31/2025
Date filed
1/27/2026
Form type
13F-HR
Num holdings
283
Total value ($000)
$2,821,809
Net value change ($000)
-74,923 (-2.6%)
New positions
9
Sold out positions
7
Turnover %
2.0%
Sector allocation + QoQ delta (equities-only)
Prev filing: 10/20/2025 Next filing: 4/21/2026 SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
PTON 30,533 NEW
SATS 14,799 34.9%
AAL 10,062 26.8%
SANM 9,611 23.5%
M 7,312 16.5%
CHRW 6,678 15.0%
TOTALENERGIES SE 5,613 NEW
UL 5,326 NEW
DY 4,721 9.7%
VSAT 4,691 11.4%
Top Reduces (Value $000, Stocks/ETFs)
WWW -13,654 -37.4%
ACM -13,387 -30.8%
PRCH -12,644 -48.9%
PENN -11,131 -27.5%
OPEN -10,662 -30.7%
CALM -7,580 -19.9%
PRIM -7,193 -14.4%
J -7,122 -16.3%
SNX -7,056 -15.0%
LYFT -6,885 -16.6%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type