HUSSMAN STRATEGIC ADVISORS, INC.

ELLICOTT CITY, MD · CIK 1179475 · 13F filing filed 2026-08-03

SEC-registered investment adviser since 2000 · corporation

Assets managed$617.4m
Staff5 · 2 in investment roles
Main clients (by assets)Mutual funds and ETFs 100%
Websitehussman.com
Form ADV · 2026-01-22SEC adviser record

Legal entityHussman Strategic Advisors, Inc. (US)

Kindmutual funds
Others nearbyEllicott City, MD

$434.0m reported value -6.2% vs Q1 2026

231positions

10.4%in top 10

66 new 40 added 42 reduced 103 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	PEPSICO INC COM PEP	PEP	37,800	$5.1m1.18%	1.18%	Added +27.3k	+27,300 260.0%
2	UBIQUITI INC COM UI	UI	9,450	$5.0m1.16%	1.16%	Added +5.2k	+5,250 125.0%
3	INCYTE CORP COM INCY	INCY	42,000	$4.8m1.10%	1.10%	Added +10.5k	+10,500 33.3%
4	VIASAT INC COM VSAT	VSAT	52,500	$4.7m1.09%	1.09%	Reduced -21.0k	-21,000 -28.6%
5	NEUROCRINE BIOSCIENCES INC COM NBIX	NBIX	27,300	$4.6m1.06%	1.06%	Added +6.3k	+6,300 30.0%
6	BIOGEN INC COM BIIB	BIIB	21,000	$4.5m1.05%	1.05%	Added +14.7k	+14,700 233.3%
7	HERSHEY CO COM HSY	HSY	25,200	$4.4m1.02%	1.02%	Added +16.8k	+16,800 200.0%
8	CIMPRESS PLC SHS EURO CMPR	CMPR	42,000	$4.3m0.98%	0.98%	Added +21.0k	+21,000 100.0%
9	ZIFF DAVIS INC COM ZD	ZD	73,500	$3.8m0.89%	0.89%	Added +21.0k	+21,000 40.0%
10	UNITED NAT FOODS INC COM UNFI	UNFI	84,000	$3.8m0.88%	0.88%	Reduced -21.0k	-21,000 -20.0%
11	ULTA BEAUTY INC COM ULTA	ULTA	8,400	$3.8m0.87%	0.87%	Added +1.1k	+1,050 14.3%
12	CAMPBELL SOUP CO COM CPB	CPB	168,000	$3.7m0.86%	0.86%	Reduced -42.0k	-42,000 -20.0%
13	GENERAL MLS INC COM GIS	GIS	105,000	$3.7m0.84%	0.84%	Added +42.0k	+42,000 66.7%
14	TERADATA CORP DEL COM TDC	TDC	105,000	$3.6m0.84%	0.84%	New
15	DOLLAR GEN CORP NEW COM DG	DG	31,500	$3.6m0.84%	0.84%	Unchanged
16	AMERICAN EAGLE OUTFITTERS IN COM AEO	AEO	210,000	$3.6m0.83%	0.83%	Unchanged
17	PACS GROUP INC COM SHS PACS	PACS	84,000	$3.6m0.83%	0.83%	New
18	AURINIA PHARMACEUTICALS INC COM AUPH	AUPH	210,000	$3.6m0.82%	0.82%	Added +126.0k	+126,000 150.0%
19	MADDEN STEVEN LTD COM SHOO	SHOO	84,000	$3.5m0.81%	0.81%	Unchanged
20	PROVIDENT FINL SVCS INC COM PFS	PFS	147,000	$3.5m0.80%	0.80%	New
21	PROTO LABS INC COM PRLB	PRLB	42,000	$3.4m0.79%	0.79%	Reduced -10.5k	-10,500 -20.0%
22	APA CORPORATION COM APA	APA	105,000	$3.4m0.79%	0.79%	Unchanged
23	NEWMONT CORP COM NEM	NEM	36,600	$3.4m0.79%	0.79%	Added +24.4k	+24,400 200.0%
24	BARRICK MNG CORP COM SHS B	B	91,500	$3.4m0.77%	0.77%	Added +61.0k	+61,000 200.0%
25	MERCURY GENL CORP NEW COM MCY	MCY	31,500	$3.4m0.77%	0.77%	Added +10.5k	+10,500 50.0%
26	MEDPACE HLDGS INC COM MEDP	MEDP	6,300	$3.3m0.77%	0.77%	Unchanged
27	TOOTSIE ROLL INDS INC COM TR	TR	84,000	$3.3m0.77%	0.77%	Added +19.1k	+19,110 29.4%
28	GLOBUS MED INC CL A GMED	GMED	42,000	$3.3m0.76%	0.76%	New
29	SALESFORCE INC COM CRM	CRM	21,000	$3.3m0.76%	0.76%	New
30	HALOZYME THERAPEUTICS INC COM HALO	HALO	42,000	$3.3m0.76%	0.76%	Reduced -10.5k	-10,500 -20.0%
31	BANK OZK LITTLE ROCK ARK COM OZK	OZK	63,000	$3.3m0.76%	0.76%	New
32	REGENERON PHARMACEUTICALS COM REGN	REGN	5,250	$3.3m0.75%	0.75%	New
33	MATCH GROUP INC NEW COM MTCH	MTCH	84,000	$3.2m0.74%	0.74%	Added +21.0k	+21,000 33.3%
34	ETSY INC COM ETSY	ETSY	42,000	$3.2m0.73%	0.73%	Reduced -42.0k	-42,000 -50.0%
35	VISTEON CORP COM NEW VC	VC	31,500	$3.1m0.72%	0.72%	Unchanged
36	YETI HLDGS INC COM YETI	YETI	63,000	$3.1m0.72%	0.72%	Unchanged
37	HEALTHCARE SVCS GROUP INC COM HCSG	HCSG	126,000	$3.1m0.71%	0.71%	Reduced -42.0k	-42,000 -25.0%
38	AMGEN INC COM AMGN	AMGN	8,400	$3.0m0.70%	0.70%	Added +3.1k	+3,150 60.0%
39	NEXTRACKER INC CLASS A COM NXT	NXT	25,200	$3.0m0.69%	0.69%	Added +8.4k	+8,400 50.0%
40	ALPHABET INC CAP STK CL A GOOGL	GOOGL	8,400	$3.0m0.69%	0.69%	New
41	T1 ENERGY INC COM NEW TE	TE	315,000	$3.0m0.69%	0.69%	New
42	INHIBRX BIOSCIENCES INC COM INBX	INBX	31,500	$3.0m0.69%	0.69%	New
43	AKAMAI TECHNOLOGIES INC COM AKAM	AKAM	25,200	$3.0m0.69%	0.69%	Added +14.7k	+14,700 140.0%
44	URBAN OUTFITTERS INC COM URBN	URBN	42,000	$3.0m0.69%	0.69%	Unchanged
45	MACYS INC COM M	M	126,000	$3.0m0.68%	0.68%	Added +21.0k	+21,000 20.0%
46	BREAD FINANCIAL HOLDINGS INC COM BFH	BFH	27,300	$3.0m0.68%	0.68%	Reduced -4.2k	-4,200 -13.3%
47	AMERESCO INC CL A AMRC	AMRC	105,000	$2.9m0.67%	0.67%	Reduced -21.0k	-21,000 -16.7%
48	TG THERAPEUTICS INC COM TGTX	TGTX	52,500	$2.9m0.66%	0.66%	New
49	AGNICO EAGLE MINES LTD COM AEM	AEM	18,300	$2.8m0.65%	0.65%	Added +12.2k	+12,200 200.0%
50	LEAR CORP COM NEW LEA	LEA	21,000	$2.8m0.65%	0.65%	Added +10.5k	+10,500 100.0%
51	SM ENERGY CO COM SM	SM	105,000	$2.7m0.63%	0.63%	New
52	PHOTRONICS INC COM PLAB	PLAB	84,000	$2.7m0.63%	0.63%	New
53	FASTLY INC CL A FSLY	FSLY	147,000	$2.7m0.62%	0.62%	Added +42.0k	+42,000 40.0%
54	BROOKFIELD INFRAST PARTNERS LP INT UNIT BIP	BIP	73,500	$2.7m0.62%	0.62%	Reduced -10.5k	-10,500 -12.5%
55	BUCKLE INC COM BKE	BKE	63,000	$2.7m0.61%	0.61%	Added +21.0k	+21,000 50.0%
56	AMERICAN AIRLS GROUP INC COM AAL	AAL	147,000	$2.7m0.61%	0.61%	Reduced -63.0k	-63,000 -30.0%
57	GIGACLOUD TECHNOLOGY INC CLASS A ORD GCT	GCT	84,000	$2.7m0.61%	0.61%	Added +52.5k	+52,500 166.7%
58	FIVE BELOW INC COM FIVE	FIVE	14,700	$2.6m0.61%	0.61%	Added +2.1k	+2,100 16.7%
59	SAREPTA THERAPEUTICS INC COM SRPT	SRPT	147,000	$2.6m0.61%	0.61%	New
60	MATADOR RES CO COM MTDR	MTDR	52,500	$2.6m0.60%	0.60%	New
61	ADVANCE AUTO PARTS INC COM AAP	AAP	42,000	$2.6m0.60%	0.60%	Unchanged
62	ANI PHARMACEUTICALS INC COM ANIP	ANIP	31,500	$2.6m0.60%	0.60%	Reduced -21.0k	-21,000 -40.0%
63	CVS HEALTH CORP COM CVS	CVS	25,200	$2.6m0.60%	0.60%	Reduced -16.8k	-16,800 -40.0%
64	DEVON ENERGY CORP NEW COM DVN	DVN	63,000	$2.6m0.60%	0.60%	Added +21.0k	+21,000 50.0%
65	CARTERS INC COM CRI	CRI	63,000	$2.6m0.60%	0.60%	Added +42.0k	+42,000 200.0%
66	DIAMONDBACK ENERGY INC COM FANG	FANG	14,700	$2.6m0.60%	0.60%	Added +4.2k	+4,200 40.0%
67	APTIV PLC COM SHS APTV	APTV	42,000	$2.6m0.59%	0.59%	Added +4.2k	+4,200 11.1%
68	PTC THERAPEUTICS INC COM PTCT	PTCT	31,500	$2.6m0.59%	0.59%	New
69	ARCHER DANIELS MIDLAND CO COM ADM	ADM	33,600	$2.6m0.59%	0.59%	Reduced -8.4k	-8,400 -20.0%
70	CHENIERE ENERGY PARTNERS LP COM UNIT CQP	CQP	42,000	$2.6m0.59%	0.59%	Unchanged
71	NORTHERN TR CORP COM NTRS	NTRS	14,700	$2.6m0.59%	0.59%	Unchanged
72	BANKUNITED INC COM BKU	BKU	52,500	$2.5m0.59%	0.59%	Added +21.0k	+21,000 66.7%
73	SUNRUN INC COM RUN	RUN	189,000	$2.5m0.58%	0.58%	Added +84.0k	+84,000 80.0%
74	SHOALS TECHNOLOGIES GROUP IN CL A SHLS	SHLS	252,000	$2.5m0.57%	0.57%	Reduced -168.0k	-168,000 -40.0%
75	IPG PHOTONICS CORP COM IPGP	IPGP	21,000	$2.5m0.57%	0.57%	New
76	SOLAREDGE TECHNOLOGIES INC COM SEDG	SEDG	42,000	$2.5m0.57%	0.57%	Reduced -21.0k	-21,000 -33.3%
77	COGNIZANT TECHNOLOGY SOLUTIO CL A CTSH	CTSH	63,000	$2.4m0.56%	0.56%	Added +42.0k	+42,000 200.0%
78	SYNCHRONY FINANCIAL COM SYF	SYF	31,500	$2.4m0.55%	0.55%	Unchanged
79	INNOVIVA INC COM INVA	INVA	105,000	$2.4m0.55%	0.55%	Reduced -42.0k	-42,000 -28.6%
80	VENTURE GLOBAL INC COM CL A VG	VG	210,000	$2.3m0.54%	0.54%	New
81	GENPACT LIMITED SHS G	G	84,000	$2.3m0.53%	0.53%	New
82	INGRAM MICRO HLDG CORP COM INGM	INGM	84,000	$2.3m0.53%	0.53%	Reduced -21.0k	-21,000 -20.0%
83	VALARIS LTD CL A VAL	VAL	31,500	$2.3m0.53%	0.53%	New
84	EXELIXIS INC COM EXEL	EXEL	42,000	$2.3m0.53%	0.53%	Unchanged
85	RESTAURANT BRANDS INTL INC COM QSR	QSR	31,500	$2.3m0.53%	0.53%	Reduced -10.5k	-10,500 -25.0%
86	CF INDS HLDGS INC COM CF	CF	21,000	$2.3m0.52%	0.52%	New
87	ACADIAN ASSET MANAGEMENT INC COM AAMI	AAMI	31,500	$2.3m0.52%	0.52%	Reduced -10.5k	-10,500 -25.0%
88	VERIZON COMMUNICATIONS INC COM VZ	VZ	52,500	$2.2m0.51%	0.51%	Unchanged
89	ILLUMINA INC COM ILMN	ILMN	12,600	$2.2m0.51%	0.51%	New
90	ALKERMES PLC SHS ALKS	ALKS	42,000	$2.2m0.51%	0.51%	New
91	DLOCAL LTD CLASS A COM DLO	DLO	168,000	$2.2m0.50%	0.50%	Reduced -42.0k	-42,000 -20.0%
92	EPAM SYS INC COM EPAM	EPAM	27,300	$2.2m0.50%	0.50%	Added +6.3k	+6,300 30.0%
93	SOUTHWEST AIRLS CO COM LUV	LUV	42,000	$2.2m0.50%	0.50%	New
94	VALLEY NATL BANCORP COM VLY	VLY	147,000	$2.2m0.50%	0.50%	Unchanged
95	ADOBE INC COM ADBE	ADBE	10,500	$2.2m0.50%	0.50%	Unchanged
96	ARDELYX INC COM ARDX	ARDX	420,000	$2.1m0.49%	0.49%	New
97	HAMILTON INSURANCE GROUP LTD CL B HG	HG	63,000	$2.1m0.49%	0.49%	Unchanged
98	SEPTERNA INC COM SEPN	SEPN	63,000	$2.1m0.49%	0.49%	Reduced -42.0k	-42,000 -40.0%
99	BIOCRYST PHARMACEUTICALS INC COM BCRX	BCRX	210,000	$2.1m0.48%	0.48%	New
100	FLUENCE ENERGY INC COM CL A FLNC	FLNC	105,000	$2.1m0.48%	0.48%	Reduced -105.0k	-105,000 -50.0%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
CORCEPT THERAPEUTICS INC CORT	CORT	126,000	$5.1m126.0k shares
SEZZLE INC SEZL	SEZL	63,000	$4.0m63.0k shares
POWER SOLUTIONS INTL INC PSIX	PSIX	63,000	$3.8m63.0k shares
QUALYS INC QLYS	QLYS	42,000	$3.7m42.0k shares
PROGYNY INC PGNY	PGNY	210,000	$3.6m210.0k shares
COLLEGIUM PHARMACEUTICAL INC COLL	COLL	105,000	$3.5m105.0k shares
IRHYTHM TECHNOLOGIES INC IRTC	IRTC	29,400	$3.5m29.4k shares
QIAGEN NV QGEN	QGEN	84,000	$3.4m84.0k shares
TALEN ENERGY CORP TLN	TLN	10,500	$3.4m10.5k shares
TRANSMEDICS GROUP INC TMDX	TMDX	31,500	$3.1m31.5k shares
ALLEGION PLC ALLE	ALLE	21,000	$3.1m21.0k shares
CHECK POINT SOFTWARE TECH LT CHKP	CHKP	21,000	$3.0m21.0k shares
SALLY BEAUTY HLDGS INC SBH	SBH	210,000	$2.9m210.0k shares
LYFT INC LYFT	LYFT	210,000	$2.8m210.0k shares
NATIONAL VISION HLDGS INC EYE	EYE	105,000	$2.7m105.0k shares
KOHLS CORP KSS	KSS	210,000	$2.7m210.0k shares
UL SOLUTIONS INC ULS	ULS	31,500	$2.7m31.5k shares
SIGNET JEWELERS LIMITED SIG	SIG	31,500	$2.7m31.5k shares
WINGSTOP INC WING	WING	16,800	$2.6m16.8k shares
MONGODB INC MDB	MDB	10,500	$2.6m10.5k shares
ESSENTIAL UTILS INC WTRG	WTRG	63,000	$2.5m63.0k shares
CAL MAINE FOODS INC CALM	CALM	31,500	$2.5m31.5k shares
ACM RESH INC ACMR	ACMR	63,000	$2.5m63.0k shares
FLYWIRE CORPORATION FLYW	FLYW	210,000	$2.4m210.0k shares
HARMONY BIOSCIENCES HLDGS IN HRMY	HRMY	84,000	$2.4m84.0k shares