Hennion & Walsh Asset Management, Inc.

Q4 2025 13F-HR Holdings

Location
Parsippany, NJ
Holdings as of
12/31/2025
Date filed
1/14/2026
Form type
13F-HR
Num holdings
926
Total value ($000)
$2,898,229
Net value change ($000)
+137,433 (5.0%)
New positions
72
Sold out positions
83
Turnover %
4.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 10/22/2025 Next filing: — 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)
CELC 10,579 125.0%
OLMA 8,786 367.6%
GOOGL 8,276 36.7%
COGT 7,698 178.6%
IVV 6,460 5.8%
INDV 6,056 113.4%
VGM 4,884 1695.8%
GSIE 4,289 8.4%
TEVA 4,229 65.6%
LLY 4,053 36.7%
Top Reduces (Value $000, Stocks/ETFs)
VRNA -19,829 -100.0%
89bio, Inc. -3,653 -100.0%
RYTM -3,349 -74.1%
VMO -3,227 -35.5%
NZF -3,098 -15.6%
PNI -2,903 -100.0%
TGTX -2,855 -100.0%
VKI -2,830 -53.5%
CORT -2,701 -57.7%
IIM -2,569 -24.7%
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