HUSSMAN STRATEGIC ADVISORS, INC.

Q3 2025 13F-HR Holdings

Location
Ellicott City, MD
Holdings as of
9/30/2025
Date filed
11/3/2025
Form type
13F-HR
Num holdings
270
Total value ($000)
$461,774
Net value change ($000)
+24,134 (5.5%)
New positions
126
Sold out positions
66
Turnover %
66.8%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/5/2025 Next filing: 2/2/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 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)
ATEN 3,812 NEW
GCT 3,578 NEW
QLYS 3,335 NEW
PEN 3,192 NEW
ALGN 3,156 NEW
META 3,084 NEW
FDS 3,008 NEW
SEZL 3,006 NEW
NBIX 2,948 NEW
MOS 2,913 NEW
Top Reduces (Value $000, Stocks/ETFs)
AEM -13,898 -76.4%
NEM -13,528 -75.9%
B -11,975 -70.5%
CHKP -4,646 -100.0%
UTHR -4,224 -100.0%
UI -4,142 -59.9%
ICUI -3,885 -100.0%
INVA -3,452 -81.8%
RGLD -3,280 -51.7%
APPN -3,135 -100.0%
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.
Filter:
Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type