Hennion & Walsh Asset Management, Inc.
Q3 2025 13F-HR Holdings
Net value change ($000)
+284,527
(11.5%)
New positions
69
Sold out positions
48
Turnover %
3.9%
Sector allocation + QoQ delta (equities-only)
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)
| SMLF | 20,489 | NEW |
| GSIE | 19,911 | 64.3% |
| PML | 12,206 | 114.1% |
| IVV | 9,784 | 9.7% |
| EVMO | 9,141 | NEW |
| GOOGL | 6,603 | 41.5% |
| CELC | 6,136 | 263.5% |
| PCQ | 6,037 | 188.2% |
| GSLC | 5,952 | 9.6% |
| EVN | 5,469 | 157.6% |
Top Reduces (Value $000, Stocks/ETFs)
| RSP | -16,091 | -33.2% |
| VTV | -13,385 | -24.7% |
| XPMQX | -5,767 | -100.0% |
| PIONEER MUNICIPAL HIGH INCOME ADVANTAGE FUND, INC. | -4,390 | -100.0% |
| PIONEER MUNICIPAL HIGH INCOME FUND, INC. | -4,295 | -100.0% |
| JAAA | -4,247 | -30.0% |
| PIMCO MUNICIPAL INCOME FUND | -3,960 | -100.0% |
| PIMCO CALIFORNIA MUNICIPAL INCOME FUND II | -3,122 | -100.0% |
| NAD | -3,048 | -30.9% |
| Pioneer Municipal High Income Opportunities Fund, Inc. | -2,976 | -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 |
|---|