Hennessy Advisors Inc.

Name: HENNESSY ADVISORS INC 13F holdings, Q1 2025
Creator: HENNESSY ADVISORS INC
Published: 2025-04-16

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 16, 2025), Hennessy Advisors Inc. reported 295 stock positions worth $3.0 billion. Its top holding was Brinker International (EAT) at 2.8% of the portfolio, followed by Ugi (UGI, 2.4%) and Cheesecake Factory (CAKE, 2.0%). Compared with Q4 2024, it opened 29 new positions, sold out of 40, added to 69 and reduced 182. The biggest buy was McDonald's (MCD, shares +384%) and the biggest sale Newell Brands (NWL, shares −9%).

Most Recent 13F: Q2 2026
Location: NOVATO, CA
CIK: 0001145255
Portfolio Value: $3.0B (Q1 2025)
SEC Filing: 0000897069-25-000822 ↗ filed Apr 16, 2025

Holdings Value

Holdings 295 stocks · $3.0B


EAT Brinker International Inc.	2.80%	563,900	$84.0M	Reduce -8.9%
UGI Ugi Corp.	2.39%	2,168,952	$71.7M	Reduce -8.7%
CAKE The Cheesecake Factory Inc.	1.96%	1,211,900	$59.0M	Reduce -8.9%
ALK Alaska Air Group Inc.	1.90%	1,160,100	$57.1M	Reduce -8.9%
PTON Peloton Interactive Inc. Class A	1.88%	8,927,200	$56.4M	Reduce -8.9%
LNC Lincoln National Corp.	1.86%	1,556,700	$55.9M	Reduce -8.9%
MAT Mattel Inc.	1.77%	2,735,300	$53.1M	Reduce -8.9%
POST Post Holdings Inc. filed as POST HLDGS INC	1.75%	452,500	$52.7M	Reduce -8.9%
INGR Ingredion Inc.	1.75%	388,300	$52.5M	Reduce -8.9%
JWN Nordstrom Inc.	1.72%	2,113,300	$51.7M	Reduce -8.9%
OSCR Oscar Health Inc. Class A	1.66%	3,806,200	$49.9M	Reduce -9.1%
GVA Granite Construction Inc.	1.59%	634,000	$47.8M	Reduce -8.9%
WKC World Kinect Corp.	1.59%	1,679,034	$47.6M	Reduce -8.9%
CNK Cinemark Holdings Inc.	1.50%	1,812,100	$45.1M	Reduce -8.9%
GPK Graphic Packaging Holding Co.	1.50%	1,732,100	$45.0M	Reduce -8.9%
RDFN Redfin Corp.	1.42%	4,642,500	$42.8M	Reduce -8.9%
VOYA Voya Financial Inc.	1.41%	624,100	$42.3M	Reduce -8.9%
NWL Newell Brands Inc.	1.37%	6,624,500	$41.1M	Reduce -8.9%
HRI Herc Holdings Inc. filed as HERC HLDGS INC	1.35%	303,059	$40.7M	Reduce -8.9%
HBI Hanesbrands Inc.	1.34%	6,960,600	$40.2M	Reduce -8.9%
DY Dycom Industries Inc.	1.33%	262,900	$40.1M	Reduce -8.9%
RNG Ringcentral Inc. Class A	1.27%	1,536,500	$38.0M	Reduce -8.9%
KBR KBR Inc.	1.23%	739,400	$36.8M	Reduce -8.9%
MTH Meritage Homes Corp.	1.21%	511,100	$36.2M	Reduce -8.9%
KBH KB Home	1.18%	611,500	$35.5M	Reduce -8.9%
NSIT Insight Enterprises Inc.	1.17%	235,100	$35.3M	Reduce -8.9%
MHO M/I Homes Inc.	1.14%	299,200	$34.2M	Reduce -8.9%
FLR Fluor Corp.	1.13%	947,900	$34.0M	Reduce -8.9%
MDU Mdu Resources Group Inc.	1.11%	1,977,407	$33.4M	Reduce -8.2%
EQT Eqt Corp.	1.07%	601,098	$32.1M	Reduce -10.8%
LNG Cheniere Energy Inc.	1.06%	138,067	$31.9M	Reduce -6.3%
OKE Oneok Inc.	1.06%	321,754	$31.9M	Add +11.6%
LUMN Lumen Technologies Inc.	1.01%	7,735,100	$30.3M	Reduce -8.9%
KMI Kinder Morgan Inc.	0.97%	1,022,561	$29.2M	Reduce -0.1%
TRP TC Energy Corp.	0.95%	602,430	$28.4M	Add +4.5%
BRK.A Berkshire Hathaway Inc. Class A	0.85%	32	$25.6M	Reduce -8.6%
ENB Enbridge Inc.	0.84%	569,565	$25.2M	Reduce -1.7%
SO The Southern Co.	0.83%	272,300	$25.0M	Reduce -7.0%
ATO Atmos Energy Corp.	0.83%	160,786	$24.9M	Reduce -7.0%
SRE Sempra	0.82%	343,680	$24.5M	Add +22.9%
SFM Sprouts Farmers Market Inc.	0.72%	142,600	$21.8M	Reduce -10.3%
WEC WEC Energy Group Inc.	0.62%	172,040	$18.7M	Reduce -4.1%
LRN Stride Inc.	0.61%	144,000	$18.2M	Reduce -10.2%
DTM DT Midstream Inc.	0.54%	169,240	$16.3M	Reduce -4.0%
NI Nisource Inc.	0.54%	405,381	$16.3M	Reduce -4.0%
ECG Everus Construction Group	0.54%	437,975	$16.2M	Reduce -8.9%
UTI Universal Technical Institut	0.53%	620,000	$15.9M	Reduce -10.3%
CLS Celestica Inc.	0.52%	197,600	$15.6M	Reduce -10.3%
CNP Centerpoint Energy Inc.	0.51%	422,228	$15.3M	Reduce -4.8%
ED Consolidated Edison Inc.	0.50%	136,436	$15.1M	Reduce -4.7%
GRPN Groupon Inc.	0.48%	768,100	$14.4M	Reduce -10.3%
PEG Public Service Enterprise GP	0.48%	174,690	$14.4M	Reduce -4.8%
PCG P G & E Corp.	0.48%	834,149	$14.3M	Reduce -2.6%
TPC Tutor Perini Corp.	0.47%	612,881	$14.2M	Reduce -10.3%
VSEC Vse Corp.	0.46%	114,746	$13.8M	Reduce -10.3%
DUK Duke Energy Corp.	0.45%	111,887	$13.6M	Reduce -4.7%
JNJ Johnson & Johnson	0.45%	80,750	$13.4M	Add +45.9%
NGG National Grid PLC-SP ADR	0.44%	199,344	$13.1M	Reduce -4.7%
REVG Rev Group Inc.	0.44%	413,600	$13.1M	Reduce -10.3%
AMRX Amneal Pharmaceuticals Inc.	0.42%	1,499,400	$12.6M	Reduce -10.3%
IESC Ies Holdings Inc. filed as IES HLDGS INC	0.41%	74,100	$12.2M	Reduce -10.3%
CMS CMS Energy Corp.	0.41%	162,698	$12.2M	Reduce -4.7%
SPNT Siriuspoint Ltd.	0.41%	703,705	$12.2M	Reduce -10.3%
THC Tenet Healthcare Corp.	0.39%	86,900	$11.7M	Reduce -10.2%
LYV Live Nation Entertainment Inc.	0.38%	87,000	$11.4M	Reduce -10.3%
FTI Technipfmc PLC	0.38%	355,900	$11.3M	Reduce -12.1%
MRK Merck & Co. Inc.	0.37%	123,650	$11.1M	Add +90.4%
TREE Lendingtree Inc.	0.36%	217,600	$10.9M	Reduce -10.2%
ALL Allstate Corp.	0.36%	52,600	$10.9M	Reduce -10.2%
CVX Chevron Corp.	0.36%	64,882	$10.9M	Reduce -0.8%
TILE Interface Inc.	0.36%	546,500	$10.8M	Reduce -10.3%
ET Energy Transfer LP	0.36%	580,930	$10.8M	Add +1.8%
VZ Verizon Communications Inc.	0.36%	237,350	$10.8M	Add +4.1%
PM Philip Morris International	0.36%	67,300	$10.7M	Reduce -14.5%
KO The Coca-Cola Co.	0.36%	149,150	$10.7M	Add +1.6%
URBN Urban Outfitters Inc.	0.35%	202,100	$10.6M	Reduce -10.3%
EPD Enterprise Products Partners	0.35%	310,050	$10.6M	Add +19.4%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.34%	41,600	$10.3M	Reduce -18.1%
AIZ Assurant Inc.	0.34%	48,500	$10.2M	Reduce -10.2%
DVA Davita Inc.	0.34%	65,800	$10.1M	Reduce -10.2%
TEVA Teva Pharmaceutical-SP ADR	0.33%	652,100	$10.0M	Reduce -10.3%
MOG.A Moog Inc. Class A	0.33%	57,800	$10.0M	Reduce -10.3%
AZZ Azz Inc.	0.33%	118,000	$9.9M	Reduce -10.3%
MCD McDonald's Corp.	0.32%	31,200	$9.7M	Add +383.7%
MCY Mercury General Corp.	0.32%	172,600	$9.6M	Reduce -10.2%
MPLX MPLX LP	0.32%	179,549	$9.6M	Add +14.8%
COP Conocophillips	0.32%	91,224	$9.6M	Add +151.1%
MO Altria Group Inc.	0.32%	157,900	$9.5M	Reduce -12.3%
EME Emcor Group Inc.	0.32%	25,600	$9.5M	Reduce -10.2%
CSCO Cisco Systems Inc.	0.31%	153,250	$9.5M	Reduce -29.3%
PG The Procter & Gamble Co.	0.31%	54,950	$9.4M	Add +24.2%
DELL Dell Technologies -C	0.30%	100,400	$9.2M	Reduce -13.8%
GBX Greenbrier Companies Inc.	0.30%	177,100	$9.1M	Reduce -10.2%
GFF Griffon Corp.	0.30%	125,600	$9.0M	Reduce -10.3%
PAA Plains All Amer Pipeline LP	0.29%	438,196	$8.8M	Add +4.2%
BKD Brookdale Senior Living Inc.	0.28%	1,345,900	$8.4M	Reduce -10.3%
PEP Pepsico Inc.	0.28%	55,200	$8.3M	Add +85.9%
XEL Xcel Energy Inc.	0.27%	114,499	$8.1M	Reduce -4.6%
BLBD Blue Bird Corp.	0.25%	236,400	$7.7M	Reduce -10.3%
SWX Southwest Gas Holdings Inc.	0.25%	105,817	$7.6M	Reduce -4.5%

Show all 295 holdings

Portfolio Sells Q4 2024 → Q1 2025


NWL Newell Brands Inc.	Reduce -8.9%	1.37%	−0.79
PTON Peloton Interactive Inc. Class A	Reduce -8.9%	1.88%	−0.66
ALK Alaska Air Group Inc.	Reduce -8.9%	1.90%	−0.55
HRI Herc Holdings Inc.	Reduce -8.9%	1.35%	−0.52
HBI Hanesbrands Inc.	Reduce -8.9%	1.34%	−0.51
RNG Ringcentral Inc. Class A	Reduce -8.9%	1.27%	−0.49
ECG Everus Construction Group	Reduce -8.9%	0.54%	−0.40
FLR Fluor Corp.	Reduce -8.9%	1.13%	−0.40
LUMN Lumen Technologies Inc.	Reduce -8.9%	1.01%	−0.33
CNK Cinemark Holdings Inc.	Reduce -8.9%	1.50%	−0.33
GVA Granite Construction Inc.	Reduce -8.9%	1.59%	−0.22
JPM JPMorgan Chase & Co.	Reduce -84.6%	0.04%	−0.21
MFC Manulife Financial Corp.	Sold out	0.00%	−0.21
BKR Baker Hughes Co.	Sold out	0.00%	−0.19
BTI British American Tob-SP ADR	Sold out	0.00%	−0.18
KBR KBR Inc.	Reduce -8.9%	1.23%	−0.17
TXN Texas Instruments Inc.	Sold out	0.00%	−0.17
HPQ HP Inc.	Reduce -66.7%	0.08%	−0.17
MHO M/I Homes Inc.	Reduce -8.9%	1.14%	−0.16
DY Dycom Industries Inc.	Reduce -8.9%	1.33%	−0.16
KDP Keurig Dr Pepper Inc.	Sold out	0.00%	−0.15
KVUE Kenvue Inc.	Sold out	0.00%	−0.14
TEVA Teva Pharmaceutical-SP ADR	Reduce -10.3%	0.33%	−0.14
CVE Cenovus Energy Inc.	Sold out	0.00%	−0.14
WSM Williams-Sonoma Inc.	Sold out	0.00%	−0.14
KBH KB Home	Reduce -8.9%	1.18%	−0.13
PVH PVH Corp.	Reduce -10.2%	0.16%	−0.10
DELL Dell Technologies -C	Reduce -13.8%	0.30%	−0.09
URI United Rentals Inc.	Sold out	0.00%	−0.09
TSCO Tractor Supply Company	Sold out	0.00%	−0.09
IESC Ies Holdings Inc.	Reduce -10.3%	0.41%	−0.09
MCK McKesson Corp.	Sold out	0.00%	−0.09
CMPR Cimpress PLC	Reduce -10.2%	0.15%	−0.09
CLS Celestica Inc.	Reduce -10.3%	0.52%	−0.09
BCE Bce Inc.	Sold out	0.00%	−0.08
IBTX Independent Bank Group Inc.	Sold out	0.00%	−0.08
CF CF Industries Holdings Inc.	Sold out	0.00%	−0.08
TILE Interface Inc.	Reduce -10.3%	0.36%	−0.08
MAS Masco Corp.	Sold out	0.00%	−0.08
MTH Meritage Homes Corp.	Reduce -8.9%	1.21%	−0.08
CTSH Cognizant Tech Solutions-A	Sold out	0.00%	−0.08
STLD Steel Dynamics Inc.	Sold out	0.00%	−0.07
OMC Omnicom Group	Sold out	0.00%	−0.07
EME Emcor Group Inc.	Reduce -10.2%	0.32%	−0.07
CSCO Cisco Systems Inc.	Reduce -29.3%	0.31%	−0.07
MPC Marathon Petroleum Corp.	Sold out	0.00%	−0.07
MS Morgan Stanley	Reduce -28.5%	0.18%	−0.06
VLO Valero Energy Corp.	Reduce -75.8%	0.03%	−0.06
ON On Semiconductor	Sold out	0.00%	−0.06
GPC Genuine Parts Co.	Sold out	0.00%	−0.06

Portfolio Buys Q4 2024 → Q1 2025


MCD McDonald's Corp.	Add +383.7%	0.32%	+0.27
MDLZ Mondelez International Inc. Class A	New	0.21%	+0.21
ABT Abbott Laboratories	New	0.21%	+0.21
COP Conocophillips	Add +151.1%	0.32%	+0.21
JNJ Johnson & Johnson	Add +45.9%	0.45%	+0.21
OKE Oneok Inc.	Add +11.6%	1.06%	+0.20
CL Colgate-Palmolive Co.	New	0.19%	+0.19
SLB SLB Ltd.	Add +848.1%	0.20%	+0.18
MRK Merck & Co. Inc.	Add +90.4%	0.37%	+0.18
UPS United Parcel Service Class B	Add +301.3%	0.23%	+0.17
HD Home Depot Inc.	New	0.17%	+0.17
NKE Nike Inc. Class B	New	0.16%	+0.16
CVS CVS Health Corp.	Add +66.4%	0.23%	+0.15
TRP TC Energy Corp.	Add +4.5%	0.95%	+0.15
PEP Pepsico Inc.	Add +85.9%	0.28%	+0.14
KR Kroger Co.	Add +72.1%	0.21%	+0.11
EPD Enterprise Products Partners	Add +19.4%	0.35%	+0.11
PGR Progressive Corp.	New	0.10%	+0.10
CAH Cardinal Health Inc.	New	0.10%	+0.10
MPLX MPLX LP	Add +14.8%	0.32%	+0.10
HES Hess Corp.	New	0.10%	+0.10
SYY Sysco Corp.	New	0.09%	+0.09
PG The Procter & Gamble Co.	Add +24.2%	0.31%	+0.09
FCX Freeport-McMoran Inc.	Add +487.5%	0.11%	+0.09
UNP Union Pacific Corp.	New	0.09%	+0.09
QCOM Qualcomm Inc.	New	0.09%	+0.09
SNA Snap-on Inc.	New	0.09%	+0.09
VZ Verizon Communications Inc.	Add +4.1%	0.36%	+0.09
SRE Sempra	Add +22.9%	0.82%	+0.09
GSK GSK PLC-Spon ADR	Add +31.4%	0.21%	+0.09
KO The Coca-Cola Co.	Add +1.6%	0.36%	+0.08
CDW CDW Corp.	New	0.08%	+0.08
GDDY GoDaddy Inc. Class A	New	0.08%	+0.08
FERG Ferguson Enterprises Inc.	New	0.08%	+0.08
LDOS Leidos Holdings Inc.	New	0.08%	+0.08
PAA Plains All Amer Pipeline LP	Add +4.2%	0.29%	+0.08
EQNR Equinor ASA-Spon ADR	Add +33.6%	0.19%	+0.08
CSL Carlisle Cos Inc.	New	0.08%	+0.08
TTE Totalenergies SE -Spon ADR	Add +21.9%	0.20%	+0.08
PBR Petroleo Brasileiro-Spon ADR	Add +31.3%	0.19%	+0.07
TGT Target Corp.	New	0.07%	+0.07
KHC The Kraft Heinz Co.	Add +42.4%	0.19%	+0.07
BP BP PLC-Spons ADR	Add +21.1%	0.19%	+0.07
BAH Booz Allen Hamilton Holdings	New	0.07%	+0.07
NTAP Netapp Inc.	New	0.07%	+0.07
GILD Gilead Sciences Inc.	Add +3.1%	0.22%	+0.06
ABBV Abbvie Inc.	Add +6.0%	0.22%	+0.06
TD Toronto-Dominion Bank	Add +16.2%	0.19%	+0.06
DAL Delta Air Lines Inc.	New	0.06%	+0.06
CMCSA Comcast Corp. Class A	Add +31.1%	0.18%	+0.06

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	325	$3.1B	VSAT, SANM, MTZ, SNX, DY
Q1 2026	278	$2.8B	MTZ, CASY, SNEX, ECHO, VSAT
Q4 2025	283	$2.8B	ECHO, DY, CASY, M, CHRW
Q3 2025	281	$2.9B	CASY, SNEX, MTZ, PRIM, LDOS
Q2 2025	340	$3.0B	EAT, UGI, CAKE, OSCR, DY
Q1 2025	295	$3.0B	EAT, UGI, CAKE, ALK, PTON
Q4 2024	306	$3.4B	PTON, ALK, EAT, NWL, UGI
Q3 2024	300	$3.1B	SFM, MOD, ANF, CRS, EME
Q2 2024	300	$2.6B	ANF, GAP, SFM, MOD, EME
Q1 2024	287	$2.4B	MOD, GAP, FIX, ANF, EME