1y return+20.0%S&P 500 +20.9%
3y return+58.9%S&P 500 +68.5%
5y return+66.6%S&P 500 +74.5%
10y return+134.9%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $235 against $357 in the S&P 500.2
Hennessy Advisors IncS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| VSATViasat Inc | $108.2M | 3.5% | |
| SANMSanmina Corp | $87.9M | 2.8% | +13.9% |
| MTZMasTec Inc | $85.3M | 2.7% | |
| SNXTD SYNNEX Corp | $75.3M | 2.4% | +16.4% |
| DYDycom Industries Inc | $72.6M | 2.3% | |
| SNEXStoneX Group Inc | $66.9M | 2.1% | −20.0% |
| CHRWCH Robinson Worldwide Inc | $63.8M | 2.0% | +17.6% |
| CASYCasey's General Stores Inc | $55.2M | 1.8% | −21.0% |
| GVAGranite Construction Inc | $53.0M | 1.7% | |
| CAKECheesecake Factory Inc | $51.4M | 1.6% | |
| AALAmerican Airlines Group Inc | $50.8M | 1.6% | |
| MMacy's Inc | $50.0M | 1.6% | |
| ECHOEchoStar Corp | $48.4M | 1.5% | |
| CCKCrown Holdings Inc | $43.1M | 1.4% | |
| PENNPenn Entertainment Inc | $38.6M | 1.2% | |
| WWayfair Inc | $38.5M | 1.2% | |
| PRIMPrimoris Services Corp | $38.1M | 1.2% | +23.0% |
| JLLJones Lang LaSalle Inc | $36.0M | 1.2% | |
| ALVAutoliv Inc | $33.2M | 1.1% | |
| WMBWilliams Cos Inc | $32.8M | 1.0% | −2.0% |
| LNGCheniere Energy Inc | $32.2M | 1.0% | +14.2% |
| JJacobs Solutions Inc | $31.6M | 1.0% | |
| Oneok IncCUSIP 682680103 | $31.3M | 1.0% | −9.0% |
| LADLithia Motors Inc | $31.0M | 1.0% | |
| NXSTNexstar Media Group Inc | $31.0M | 1.0% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| DELLDell Technologies Inc | March 31, 2023 | +973.0% | $29.3M |
| VSATViasat Inc | September 30, 2024 | +652.2% | $108.2M |
| LNGCheniere Energy Inc | June 30, 2020 | +394.6% | $32.2M |
| DYDycom Industries Inc | December 31, 2024 | +190.5% | $72.6M |
| BRK/ABerkshire Hathaway Inc Del | June 30, 2020 | +180.2% | $26.2M |
| DTMDT Midstream Inc | March 31, 2022 | +170.4% | $22.5M |
| WMBWilliams Cos Inc | March 31, 2022 | +122.5% | $32.8M |
| SANMSanmina Corp | September 30, 2025 | +119.9% | $87.9M |
| KMIKinder Morgan Inc | June 30, 2020 | +110.8% | $29.2M |
| SNXTD SYNNEX Corp | June 30, 2025 | +97.0% | $75.3M |
Sold off last quarter
- ATROAstronics Corp was $25.2M
- Millicom Intl Cellular S ACUSIP L6388F110 was $18.9M
- CAHCardinal Health Inc was $12.7M
- PSMTPriceSmart Inc was $12.4M
- Csg Sys Intl IncCUSIP 126349109 was $11.2M
- WMTWalmart Inc was $10.8M
- PRCHPorch Group Inc was $10.0M
- FOXAFox Corp was $9.8M
- Fresh Del Monte Produce IncCUSIP G36738105 was $9.7M
- GHCGraham Holdings Co was $9.5M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +12.3% | +14.8% |
| March 31, 2026 | +3.1% | −4.6% |
| December 31, 2025 | +1.3% | +2.4% |
| September 30, 2025 | +2.4% | +7.8% |
| June 30, 2025 | +7.5% | +10.5% |
| March 31, 2025 | −4.3% | −4.6% |
| December 31, 2024 | +2.3% | +2.1% |
| September 30, 2024 | +9.1% | +5.4% |
| June 30, 2024 | +0.2% | +4.0% |
| March 31, 2024 | +10.5% | +10.0% |
| December 31, 2023 | +6.1% | +11.2% |
| September 30, 2023 | −1.8% | −3.6% |
| June 30, 2023 | +3.7% | +8.3% |
| March 31, 2023 | −0.6% | +7.0% |
| December 31, 2022 | +10.6% | +7.1% |
| September 30, 2022 | −4.7% | −5.3% |
| June 30, 2022 | −10.7% | −16.5% |
| March 31, 2022 | +2.9% | −4.9% |
| December 31, 2021 | +8.9% | +10.7% |
| September 30, 2021 | −3.6% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Hennessy Advisors Inc Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1145255&type=13F-HR&dateb=&owner=include&count=40CIK 1145255
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1145255/000089706926001507/Filed July 16, 2026 · accession 0000897069-26-001507