HENNESSY ADVISORS INC

NOVATO, CA · CIK 1145255 · 13F filing filed 2026-07-16

SEC-registered investment adviser since 1990 · corporation

Assets managed$4.3bn
Staff19 · 8 in investment roles
Main clients (by assets)Mutual funds and ETFs 100%
Websitehennessyadvisors.com
Form ADV · 2025-11-14SEC adviser record

Legal entityHENNESSY ADVISORS, INC. (US)

Kindmutual funds
Others nearbyNovato, CA, Chapel Hill, NC, Boston, MA, Dallas, TX

As an employer

Offices in1 country

Where they work

people there (dot area)number not reportedmain officeHover or tap a dot. Australian and UK companies are placed at their business or registered address, with their staff across the whole country.

Offices

From Form ADV: the main office and the other offices where it does advisory work (at most the 25 largest), with the people doing investment work at each. “About” is worked out: the firm's investment staff less its other offices. Each city links to the other managers there.

City	Country	People
Novato, CA (main office)United States	United States	about 4
Chapel Hill, NCUnited States	United States	2
Boston, MAUnited States	United States	1
Dallas, TXUnited States	United States	1

Map: places from GeoNames (CC BY 4.0), outlines from Natural Earth.

$3.1bn reported value +13.0% vs Q1 2026

325positions

23.0%in top 10

88 new 58 added 129 reduced 41 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	VIASAT INC COM VSAT	VSAT	1,204,700	$108.2m3.46%	3.46%	Unchanged
2	SANMINA CORPORATION COM SANM	SANM	347,400	$87.9m2.81%	2.81%	Added +42.5k	+42,500 13.9%
3	MASTEC INC COM MTZ	MTZ	205,100	$85.3m2.73%	2.73%	Unchanged
4	TD SYNNEX CORPORATION COM SNX	SNX	281,600	$75.3m2.41%	2.41%	Added +39.6k	+39,628 16.4%
5	DYCOM INDS INC COM DY	DY	143,600	$72.6m2.32%	2.32%	Unchanged
6	STONEX GROUP INC COM SNEX	SNEX	564,600	$66.9m2.14%	2.14%	Reduced -141.4k	-141,450 -20.0%
7	C H ROBINSON WORLDWIDE INC COM NEW CHRW	CHRW	338,638	$63.8m2.04%	2.04%	Added +50.6k	+50,638 17.6%
8	CASEYS GEN STORES INC COM CASY	CASY	69,500	$55.2m1.77%	1.77%	Reduced -18.5k	-18,500 -21.0%
9	GRANITE CONSTR INC COM GVA	GVA	335,200	$53.0m1.69%	1.69%	Unchanged
10	CHEESECAKE FACTORY INC COM CAKE	CAKE	646,700	$51.4m1.64%	1.64%	Unchanged
11	AMERICAN AIRLS GROUP INC COM AAL	AAL	2,810,900	$50.8m1.62%	1.62%	Unchanged
12	MACYS INC COM M	M	2,121,700	$50.0m1.60%	1.60%	Unchanged
13	ECHOSTAR CORP CL A ECHO	ECHO	476,900	$48.4m1.55%	1.55%	Unchanged
14	CROWN HLDGS INC COM CCK	CCK	385,500	$43.1m1.38%	1.38%	Unchanged
15	PENN ENTERTAINMENT INC COM PENN	PENN	1,804,900	$38.6m1.23%	1.23%	Unchanged
16	WAYFAIR INC CL A W	W	416,500	$38.5m1.23%	1.23%	Unchanged
17	PRIMORIS SVCS CORP COM PRIM	PRIM	384,500	$38.1m1.22%	1.22%	Added +71.8k	+71,800 23.0%
18	JONES LANG LASALLE INC COM JLL	JLL	116,200	$36.0m1.15%	1.15%	Unchanged
19	AUTOLIV INC COM ALV	ALV	285,800	$33.2m1.06%	1.06%	Unchanged
20	WILLIAMS COS INC COM WMB	WMB	441,321	$32.8m1.05%	1.05%	Reduced -9.0k	-8,961 -2.0%
21	CHENIERE ENERGY INC COM NEW LNG	LNG	134,754	$32.2m1.03%	1.03%	Added +16.8k	+16,757 14.2%
22	JACOBS SOLUTIONS INC COM J	J	250,500	$31.6m1.01%	1.01%	Unchanged
23	ONEOK INC NEW COM OKE	OKE	360,114	$31.3m1.00%	1.00%	Reduced -35.5k	-35,500 -9.0%
24	LITHIA MTRS INC COM LAD	LAD	106,800	$31.0m0.99%	0.99%	Unchanged
25	NEXSTAR MEDIA GROUP INC COMMON STOCK NXST	NXST	173,500	$31.0m0.99%	0.99%	Unchanged
26	DELL TECHNOLOGIES INC CL C DELL	DELL	67,900	$29.3m0.94%	0.94%	Added +44.1k	+44,100 185.3%
27	KINDER MORGAN INC DEL COM KMI	KMI	912,151	$29.2m0.93%	0.93%	Reduced -9.6k	-9,580 -1.0%
28	COMMSCOPE HLDG CO INC COM VISN	VISN	2,239,000	$28.6m0.91%	0.91%	Unchanged
29	CAL MAINE FOODS INC COM NEW CALM	CALM	346,800	$27.9m0.89%	0.89%	Unchanged
30	TC ENERGY CORP COM TRP	TRP	417,800	$27.7m0.89%	0.89%	Reduced -41.9k	-41,900 -9.1%
31	PELOTON INTERACTIVE INC CL A COM PTON	PTON	4,487,400	$26.5m0.85%	0.85%	Unchanged
32	BERKSHIRE HATHAWAY INC DEL CL A BRK.A	BRK.A	35	$26.2m0.84%	0.84%	Reduced -1	-1 -2.8%
33	SEMPRA COM SRE	SRE	279,780	$25.9m0.83%	0.83%	Added +400	+400 0.1%
34	ATMOS ENERGY CORP COM ATO	ATO	148,286	$25.5m0.82%	0.82%	Added +5.0k	+5,000 3.5%
35	SOUTHERN CO COM SO	SO	263,900	$25.3m0.81%	0.81%	Added +7.8k	+7,800 3.0%
36	ENBRIDGE INC COM ENB	ENB	454,565	$24.6m0.79%	0.79%	Reduced -37.9k	-37,900 -7.7%
37	LYFT INC CL A COM LYFT	LYFT	1,612,300	$23.6m0.75%	0.75%	Unchanged
38	DT MIDSTREAM INC COMMON STOCK DTM	DTM	153,480	$22.5m0.72%	0.72%	Added +5.4k	+5,400 3.6%
39	LEIDOS HOLDINGS INC COM LDOS	LDOS	217,100	$22.4m0.71%	0.71%	Reduced -400	-400 -0.2%
40	AECOM COM ACM	ACM	285,700	$19.9m0.64%	0.64%	Unchanged
41	WOLVERINE WORLD WIDE INC COM WWW	WWW	1,142,400	$18.9m0.60%	0.60%	Unchanged
42	JABIL INC COM JBL	JBL	46,989	$18.1m0.58%	0.58%	Added +35.6k	+35,590 312.2%
43	WEC ENERGY GROUP INC COM WEC	WEC	151,140	$17.6m0.56%	0.56%	Added +2.0k	+2,000 1.3%
44	OPENDOOR TECHNOLOGIES INC COM OPEN	OPEN	3,734,900	$17.3m0.55%	0.55%	Unchanged
45	VISHAY INTERTECHNOLOGY INC COM VSH	VSH	320,100	$17.2m0.55%	0.55%	New
46	NISOURCE INC COM NI	NI	359,381	$17.1m0.55%	0.55%	Added +900	+900 0.2%
47	NATIONAL GRID PLC SPONSORED ADR NE NGG	NGG	194,044	$16.1m0.51%	0.51%	Added +13.1k	+13,100 7.2%
48	EQT CORP COM EQT	EQT	285,232	$15.2m0.48%	0.48%	Reduced -138.5k	-138,468 -32.7%
49	MERCK & CO INC COM MRK	MRK	114,850	$14.8m0.47%	0.47%	Reduced -3.0k	-2,950 -2.5%
50	CONSOLIDATED EDISON INC COM ED	ED	127,836	$14.1m0.45%	0.45%	Added +12.4k	+12,400 10.7%
51	CENTERPOINT ENERGY INC COM CNP	CNP	314,428	$13.8m0.44%	0.44%	Reduced -19.8k	-19,800 -5.9%
52	PETROLEO BRASILEIRO SA PETRO SPONSORED ADR PBR	PBR	855,400	$13.8m0.44%	0.44%	Added +413.8k	+413,800 93.7%
53	BRIGHTSPRING HEALTH SVCS INC COM BTSG	BTSG	194,800	$13.6m0.43%	0.43%	Reduced -293.5k	-293,500 -60.1%
54	PUBLIC SVC ENTERPRISE GRP IN COM PEG	PEG	163,790	$13.3m0.42%	0.42%	Added +10.5k	+10,500 6.8%
55	GARRETT MOTION INC COM GTX	GTX	365,600	$13.2m0.42%	0.42%	New
56	PROCTER AND GAMBLE CO COM PG	PG	85,600	$12.6m0.40%	0.40%	Reduced -450	-450 -0.5%
57	JOHNSON & JOHNSON COM JNJ	JNJ	49,300	$12.5m0.40%	0.40%	Reduced -1.5k	-1,500 -3.0%
58	UNITEDHEALTH GROUP INC COM UNH	UNH	28,850	$12.0m0.38%	0.38%	Reduced -650	-650 -2.2%
59	AAR CORP COM AIR	AIR	83,300	$11.9m0.38%	0.38%	New
60	MYR GROUP INC DEL COM MYRG	MYRG	22,800	$11.4m0.36%	0.36%	New
61	DUKE ENERGY CORP NEW COM NEW DUK	DUK	89,187	$11.3m0.36%	0.36%	Reduced -5.7k	-5,700 -6.0%
62	DIVERSIFIED HEALTHCARE TR COM SH BEN INT DHC	DHC	1,207,300	$11.2m0.36%	0.36%	New
63	COCA COLA CO COM KO	KO	138,150	$11.2m0.36%	0.36%	Reduced -1.5k	-1,500 -1.1%
64	PG&E CORP COM PCG	PCG	645,949	$10.9m0.35%	0.35%	Reduced -59.5k	-59,500 -8.4%
65	DIEBOLD NIXDORF INC COM SHS DBD	DBD	127,700	$10.9m0.35%	0.35%	New
66	OCEANEERING INTL INC COM OII	OII	267,086	$10.8m0.35%	0.35%	New
67	GILEAD SCIENCES INC COM GILD	GILD	85,199	$10.8m0.34%	0.34%	Added +16.9k	+16,899 24.7%
68	COMPASS MINERALS INTL INC COM CMP	CMP	345,500	$10.8m0.34%	0.34%	New
69	KAISER ALUMINUM CORP COM PAR $0.01 KALU	KALU	54,400	$10.6m0.34%	0.34%	New
70	GANNETT CO INC COM TDAY	TDAY	1,237,254	$10.6m0.34%	0.34%	New
71	SCHOLASTIC CORP COM SCHL	SCHL	227,000	$10.4m0.33%	0.33%	New
72	PITNEY BOWES INC COM PBI	PBI	594,900	$10.4m0.33%	0.33%	Reduced -380.6k	-380,600 -39.0%
73	CHEVRON CORP NEW COM CVX	CVX	62,782	$10.4m0.33%	0.33%	Reduced -2.5k	-2,450 -3.8%
74	VERIZON COMMUNICATIONS INC COM VZ	VZ	245,650	$10.4m0.33%	0.33%	Reduced -199.0k	-199,035 -44.8%
75	ENCORE CAP GROUP INC COM ECPG	ECPG	111,400	$10.4m0.33%	0.33%	New
76	CMS ENERGY CORP COM CMS	CMS	135,098	$10.3m0.33%	0.33%	Reduced -6.0k	-6,000 -4.2%
77	ENTERPRISE PRODS PARTNERS L COM EPD	EPD	280,390	$10.3m0.33%	0.33%	Reduced -5.0k	-5,000 -1.8%
78	ENERGY TRANSFER L P COM UT LTD PTN ET	ET	537,596	$10.3m0.33%	0.33%	Reduced -32.2k	-32,164 -5.7%
79	DELEK US HLDGS INC NEW COM DK	DK	200,900	$10.2m0.33%	0.33%	New
80	CALUMET INC COM CLMT	CLMT	283,200	$10.2m0.33%	0.33%	New
81	PEPSICO INC COM PEP	PEP	74,841	$10.1m0.32%	0.32%	Added +15.5k	+15,541 26.2%
82	HOME DEPOT INC COM HD	HD	28,640	$10.1m0.32%	0.32%	Added +3.1k	+3,090 12.1%
83	ALTRIA GROUP INC COM MO	MO	139,500	$10.0m0.32%	0.32%	Reduced -3.0k	-3,000 -2.1%
84	CISCO SYS INC COM CSCO	CSCO	85,400	$10.0m0.32%	0.32%	Reduced -3.1k	-3,100 -3.5%
85	PBF ENERGY INC CL A PBF	PBF	218,900	$10.0m0.32%	0.32%	New
86	CITIGROUP INC COM NEW C	C	69,900	$9.8m0.31%	0.31%	Reduced -2.4k	-2,400 -3.3%
87	EZCORP INC CL A NON VTG EZPW	EZPW	282,800	$9.8m0.31%	0.31%	Reduced -147.5k	-147,500 -34.3%
88	HF SINCLAIR CORP COM DINO	DINO	139,100	$9.7m0.31%	0.31%	New
89	ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH MT	MT	159,900	$9.6m0.31%	0.31%	New
90	HAMILTON INSURANCE GROUP LTD CL B HG	HG	280,800	$9.5m0.30%	0.30%	New
91	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	163,850	$9.4m0.30%	0.30%	Added +3.5k	+3,450 2.1%
92	CONSTELLIUM SE CL A SHS CSTM	CSTM	294,500	$9.4m0.30%	0.30%	New
93	DXP ENTERPRISES INC COM NEW DXPE	DXPE	55,239	$9.3m0.30%	0.30%	New
94	COLGATE PALMOLIVE CO COM CL	CL	100,700	$9.2m0.30%	0.30%	Reduced -2.0k	-2,000 -1.9%
95	WESCO INTL INC COM WCC	WCC	26,600	$9.2m0.29%	0.29%	New
96	MPLX LP COM UNIT REP LTD MPLX	MPLX	162,519	$9.2m0.29%	0.29%	Unchanged
97	TEXAS INSTRS INC COM TXN	TXN	30,400	$9.1m0.29%	0.29%	Reduced -500	-500 -1.6%
98	KENNAMETAL INC COM KMT	KMT	256,500	$9.0m0.29%	0.29%	New
99	EXELON CORP COM EXC	EXC	192,661	$9.0m0.29%	0.29%	Added +65.4k	+65,430 51.4%
100	PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN PAA	PAA	403,256	$9.0m0.29%	0.29%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
ASTRONICS CORP ATRO	ATRO	377,800	$25.2m377.8k shares
MILLICOM INTL CELLULAR S A TIGO	TIGO	252,100	$18.9m252.1k shares
CARDINAL HEALTH INC CAH	CAH	60,100	$12.7m60.1k shares
PRICESMART INC PSMT	PSMT	82,600	$12.4m82.6k shares
CSG SYS INTL INC		139,767	$11.2m139.8k shares
WALMART INC WMT	WMT	86,900	$10.8m86.9k shares
PORCH GROUP INC PRCH	PRCH	1,398,100	$10.0m1.4m shares
FOX CORP FOXA	FOXA	167,400	$9.8m167.4k shares
FRESH DEL MONTE PRODUCE INC DMC	DMC	239,945	$9.7m239.9k shares
GRAHAM HLDGS CO GHC	GHC	8,987	$9.5m9.0k shares
TELEPHONE & DATA SYS INC TDS	TDS	225,400	$9.5m225.4k shares
LIVE NATION ENTERTAINMENT IN LYV	LYV	62,195	$9.5m62.2k shares
VIRTU FINL INC VIRT	VIRT	215,400	$9.5m215.4k shares
CHEFS WHSE INC CHEF	CHEF	155,598	$9.3m155.6k shares
SUNOCO LP/SUNOCO FIN CORP SUN	SUN	140,200	$9.1m140.2k shares
AXIS CAP HLDGS LTD AXS	AXS	87,100	$8.8m87.1k shares
LOEWS CORP L	L	82,400	$8.8m82.4k shares
BRIGHTHOUSE FINL INC BHF	BHF	145,847	$8.7m145.8k shares
HORACE MANN EDUCATORS CORP N HMN	HMN	203,000	$8.7m203.0k shares
BRINKER INTL INC EAT	EAT	58,700	$8.4m58.7k shares
ALIGNMENT HEALTHCARE INC ALHC	ALHC	471,600	$8.3m471.6k shares
COMPASS INC COMP	COMP	1,121,100	$8.2m1.1m shares
FRESENIUS MEDICAL CARE AG FMS	FMS	337,800	$7.6m337.8k shares
HANOVER INS GROUP INC THG	THG	43,400	$7.5m43.4k shares
OLD REP INTL CORP ORI	ORI	188,398	$7.5m188.4k shares