1y return+27.6%S&P 500 +20.9%
3y return+59.0%S&P 500 +68.5%
5y return+48.4%S&P 500 +74.5%
10y return+229.6%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: $330 against $357 in the S&P 500.2
Hussman Strategic Advisors, Inc.S&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 |
|---|---|---|---|
| PEPPepsico Inc | $5.1M | 1.2% | +260.0% |
| UIUbiquiti Inc | $5.0M | 1.2% | +125.0% |
| INCYIncyte Corp | $4.8M | 1.1% | +33.3% |
| VSATViasat Inc | $4.7M | 1.1% | −28.6% |
| NBIXNeurocrine Biosciences Inc | $4.6M | 1.1% | +30.0% |
| BIIBBiogen Inc | $4.5M | 1.0% | +233.3% |
| HSYHershey Co | $4.4M | 1.0% | +200.0% |
| Cimpress PLCCUSIP G2143T103 | $4.3M | 1.0% | +100.0% |
| ZDZiff Davis Inc | $3.8M | 0.9% | +40.0% |
| UNFIUnited Nat Foods Inc | $3.8M | 0.9% | −20.0% |
| ULTAUlta Beauty Inc | $3.8M | 0.9% | +14.3% |
| CPBThe Campbells Company | $3.7M | 0.9% | −20.0% |
| GISGeneral Mills Inc | $3.7M | 0.8% | +66.7% |
| TDCTeradata Corp Del | $3.6M | 0.8% | New |
| DGDollar Gen Corp | $3.6M | 0.8% | |
| AEOAmerican Eagle Outfitters In | $3.6M | 0.8% | |
| PACSPacs Group Inc | $3.6M | 0.8% | New |
| AUPHAurinia Pharmaceuticals Inc | $3.6M | 0.8% | +150.0% |
| SHOOMadden Steven Ltd | $3.5M | 0.8% | |
| PFSProvident Finl Svcs Inc | $3.5M | 0.8% | New |
| PRLBProto Labs Inc | $3.4M | 0.8% | −20.0% |
| APAApa Corporation | $3.4M | 0.8% | |
| NEMNewmont Corp | $3.4M | 0.8% | +200.0% |
| BBarrick Mng Corp | $3.4M | 0.8% | +200.0% |
| MCYMercury Genl Corp New | $3.4M | 0.8% | +50.0% |
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 |
|---|---|---|---|
| VSATViasat Inc | September 30, 2025 | +206.5% | $4.7M |
| AUPHAurinia Pharmaceuticals Inc | March 31, 2025 | +111.1% | $3.6M |
| HALOHalozyme Therapeutics Inc | June 30, 2022 | +77.9% | $3.3M |
| BBarrick Mng Corp | June 30, 2025 | +76.4% | $3.4M |
| UIUbiquiti Inc | March 31, 2025 | +72.2% | $5.0M |
| UNFIUnited Nat Foods Inc | December 31, 2024 | +67.2% | $3.8M |
| INCYIncyte Corp | December 31, 2024 | +64.1% | $4.8M |
| NXTNextpower Inc | September 30, 2025 | +61.0% | $3.0M |
| NEMNewmont Corp | June 30, 2020 | +51.3% | $3.4M |
| ETSYEtsy Inc | June 30, 2025 | +50.2% | $3.2M |
Sold off last quarter
- CORTCorcept Therapeutics Inc was $5.1M
- SEZLSezzle Inc was $4.0M
- PSIXPower Solutions Intl Inc was $3.8M
- QLYSQualys Inc was $3.7M
- PGNYProgyny Inc was $3.6M
- COLLCollegium Pharmaceutical Inc was $3.5M
- IRTCIrhythm Holdings Inc was $3.5M
- Qiagen NvCUSIP N72482156 was $3.4M
- TLNTalen Energy Corp was $3.4M
- TMDXTransmedics Group Inc was $3.1M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +12.0% | +14.8% |
| March 31, 2026 | −2.6% | −4.6% |
| December 31, 2025 | +1.3% | +2.4% |
| September 30, 2025 | +15.4% | +7.8% |
| June 30, 2025 | +8.3% | +10.5% |
| March 31, 2025 | −0.7% | −4.6% |
| December 31, 2024 | −0.6% | +2.1% |
| September 30, 2024 | +7.0% | +5.4% |
| June 30, 2024 | −2.5% | +4.0% |
| March 31, 2024 | +5.5% | +10.0% |
| December 31, 2023 | +11.0% | +11.2% |
| September 30, 2023 | −4.5% | −3.6% |
| June 30, 2023 | +1.7% | +8.3% |
| March 31, 2023 | +4.4% | +7.0% |
| December 31, 2022 | +10.0% | +7.1% |
| September 30, 2022 | −4.6% | −5.3% |
| June 30, 2022 | −14.8% | −16.5% |
| March 31, 2022 | +1.1% | −4.9% |
| December 31, 2021 | +3.9% | +10.7% |
| September 30, 2021 | −6.4% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Hussman Strategic Advisors, Inc. Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1179475&type=13F-HR&dateb=&owner=include&count=40CIK 1179475
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1179475/000139834426013356/Filed August 3, 2026 · accession 0001398344-26-013356