Hennessy Advisors Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 21, 2025), Hennessy Advisors Inc. reported 340 stock positions worth $3.0 billion. Its top holding was Brinker International (EAT) at 3.5% of the portfolio, followed by Ugi (UGI, 2.8%) and Cheesecake Factory (CAKE, 2.3%). Compared with Q1 2025, it opened 101 new positions, sold out of 56, added to 64 and reduced 113. The biggest buy was Brinker International (EAT, shares +2%) and the biggest sale an exit from Nordstrom (JWN).
- Most Recent 13F
- Q2 2026
- Location
- NOVATO, CA
- CIK
- 0001145255
- Portfolio Value
- $3.0B (Q2 2025)
- SEC Filing
- 0000897069-25-001186 ↗ filed Jul 21, 2025
Holdings Value
Holdings 340 stocks · $3.0B
| EAT Brinker International Inc. | 3.47% | 577,600 | $104.2M | Add +2.4% |
| UGI Ugi Corp. | 2.76% | 2,269,952 | $82.7M | Add +4.7% |
| CAKE The Cheesecake Factory Inc. | 2.28% | 1,091,400 | $68.4M | Reduce -9.9% |
| OSCR Oscar Health Inc. Class A | 2.05% | 2,871,700 | $61.6M | Reduce -24.6% |
| DY Dycom Industries Inc. | 1.93% | 236,700 | $57.8M | Reduce -10.0% |
| PTON Peloton Interactive Inc. Class A | 1.86% | 8,039,800 | $55.8M | Reduce -9.9% |
| POST Post Holdings Inc. filed as POST HLDGS INC | 1.80% | 494,600 | $53.9M | Add +9.3% |
| GVA Granite Construction Inc. | 1.78% | 571,000 | $53.4M | Reduce -9.9% |
| ALK Alaska Air Group Inc. | 1.72% | 1,044,800 | $51.7M | Reduce -9.9% |
| CNK Cinemark Holdings Inc. | 1.64% | 1,632,000 | $49.3M | Reduce -9.9% |
| MAT Mattel Inc. | 1.62% | 2,463,400 | $48.6M | Reduce -9.9% |
| LNC Lincoln National Corp. | 1.62% | 1,402,000 | $48.5M | Reduce -9.9% |
| INGR Ingredion Inc. | 1.58% | 349,700 | $47.4M | Reduce -9.9% |
| RDFN Redfin Corp. | 1.56% | 4,181,000 | $46.8M | Reduce -9.9% |
| FLR Fluor Corp. | 1.46% | 853,700 | $43.8M | Reduce -9.9% |
| WKC World Kinect Corp. | 1.43% | 1,512,134 | $42.9M | Reduce -9.9% |
| VOYA Voya Financial Inc. | 1.33% | 562,000 | $39.9M | Reduce -9.9% |
| RNG Ringcentral Inc. Class A | 1.31% | 1,383,800 | $39.2M | Reduce -9.9% |
| HRI Herc Holdings Inc. filed as HERC HLDGS INC | 1.20% | 272,959 | $35.9M | Reduce -9.9% |
| LNG Cheniere Energy Inc. | 1.10% | 135,467 | $33.0M | Reduce -1.9% |
| GPK Graphic Packaging Holding Co. | 1.10% | 1,559,900 | $32.9M | Reduce -9.9% |
| NWL Newell Brands Inc. | 1.07% | 5,966,000 | $32.2M | Reduce -9.9% |
| KBR KBR Inc. | 1.06% | 665,900 | $31.9M | Reduce -9.9% |
| OKE Oneok Inc. | 1.05% | 387,154 | $31.6M | Add +20.3% |
| MTH Meritage Homes Corp. | 1.03% | 460,300 | $30.8M | Reduce -9.9% |
| LUMN Lumen Technologies Inc. | 1.02% | 6,966,200 | $30.5M | Reduce -9.9% |
| EQT Eqt Corp. | 1.01% | 519,798 | $30.3M | Reduce -13.5% |
| KMI Kinder Morgan Inc. | 1.01% | 1,028,861 | $30.2M | Add +0.6% |
| MHO M/I Homes Inc. | 1.01% | 269,500 | $30.2M | Reduce -9.9% |
| MDU Mdu Resources Group Inc. | 1.00% | 1,806,207 | $30.1M | Reduce -8.7% |
| NSIT Insight Enterprises Inc. | 0.97% | 211,700 | $29.2M | Reduce -9.9% |
| KBH KB Home | 0.97% | 550,700 | $29.2M | Reduce -9.9% |
| HBI Hanesbrands Inc. | 0.96% | 6,268,600 | $28.7M | Reduce -9.9% |
| TRP TC Energy Corp. | 0.91% | 557,830 | $27.2M | Reduce -7.4% |
| SO The Southern Co. | 0.87% | 282,900 | $26.0M | Add +3.9% |
| ATO Atmos Energy Corp. | 0.84% | 164,286 | $25.3M | Add +2.2% |
| ECG Everus Construction Group | 0.84% | 394,375 | $25.1M | Reduce -9.9% |
| SRE Sempra | 0.82% | 324,880 | $24.6M | Reduce -5.5% |
| ENB Enbridge Inc. | 0.82% | 542,465 | $24.6M | Reduce -4.8% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.80% | 33 | $24.1M | Add +3.1% |
| VZ Verizon Communications Inc. | 0.68% | 471,835 | $20.4M | Add +98.8% |
| PRCH Porch Group Inc. | 0.65% | 1,663,000 | $19.6M | New |
| DTM DT Midstream Inc. | 0.64% | 173,440 | $19.1M | Add +2.5% |
| WEC WEC Energy Group Inc. | 0.60% | 173,040 | $18.0M | Add +0.6% |
| NI Nisource Inc. | 0.56% | 417,281 | $16.8M | Add +2.9% |
| KR Kroger Co. | 0.56% | 234,162 | $16.8M | Add +149.6% |
| GRPN Groupon Inc. | 0.55% | 494,000 | $16.5M | Reduce -35.7% |
| NGG National Grid PLC-SP ADR | 0.52% | 211,044 | $15.7M | Add +5.9% |
| PEG Public Service Enterprise GP | 0.52% | 184,890 | $15.6M | Add +5.8% |
| CAH Cardinal Health Inc. | 0.52% | 92,400 | $15.5M | Add +331.8% |
| ATRO Astronics Corp. | 0.50% | 449,400 | $15.0M | New |
| CNP Centerpoint Energy Inc. | 0.50% | 405,328 | $14.9M | Reduce -4.0% |
| ED Consolidated Edison Inc. | 0.46% | 138,936 | $13.9M | Add +1.8% |
| BTSG Brightspring Health Services | 0.46% | 580,800 | $13.7M | New |
| DUK Duke Energy Corp. | 0.45% | 114,387 | $13.5M | Add +2.2% |
| PBI Pitney Bowes Inc. | 0.42% | 1,160,400 | $12.7M | New |
| JNJ Johnson & Johnson | 0.41% | 80,650 | $12.3M | Reduce -0.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.41% | 41,600 | $12.3M | No change |
| PM Philip Morris International | 0.41% | 66,900 | $12.2M | Reduce -0.6% |
| PCG P G & E Corp. | 0.40% | 851,149 | $11.9M | Add +2.0% |
| CHEF The Chefs' Warehouse Inc. | 0.39% | 184,998 | $11.8M | New |
| CMS CMS Energy Corp. | 0.39% | 167,498 | $11.6M | Add +3.0% |
| FMS Fresenius Medical Care-ADR | 0.38% | 401,800 | $11.5M | New |
| VIRT Virtu Financial Inc. Class A | 0.38% | 256,200 | $11.5M | New |
| TIGO Millicom Intl Cellular S.A. | 0.37% | 299,900 | $11.2M | New |
| CASY Casey's General Stores Inc. | 0.37% | 22,000 | $11.2M | New |
| LYV Live Nation Entertainment Inc. | 0.37% | 73,995 | $11.2M | Reduce -14.9% |
| FOXA Fox Corp. Class A | 0.37% | 199,100 | $11.2M | New |
| CSGS CSG Systems Intl Inc. | 0.36% | 166,267 | $10.9M | New |
| AXS Axis Capital Holdings Ltd. | 0.36% | 103,600 | $10.8M | New |
| CHTR Charter Communications Inc. Class A | 0.36% | 26,300 | $10.8M | New |
| CSCO Cisco Systems Inc. | 0.35% | 153,250 | $10.6M | No change |
| ADT Adt Inc. | 0.35% | 1,251,700 | $10.6M | New |
| DRVN Driven Brands Holdings Inc. | 0.35% | 601,500 | $10.6M | New |
| KO The Coca-Cola Co. | 0.35% | 149,150 | $10.6M | No change |
| ET Energy Transfer LP | 0.35% | 580,930 | $10.5M | No change |
| HMN Horace Mann Educators | 0.35% | 241,500 | $10.4M | New |
| PSMT Pricesmart Inc. | 0.34% | 98,300 | $10.3M | New |
| SNEX Stonex Group Inc. | 0.34% | 112,200 | $10.2M | New |
| GHC Graham Holdings Co. Class B | 0.34% | 10,787 | $10.2M | New |
| EVER Everquote Inc. Class A | 0.34% | 420,600 | $10.2M | New |
| WMT Walmart Inc. | 0.34% | 103,300 | $10.1M | New |
| MRK Merck & Co. Inc. | 0.33% | 125,500 | $9.9M | Add +1.5% |
| EPD Enterprise Products Partners | 0.32% | 310,050 | $9.6M | No change |
| TDS Telephone and Data Systems | 0.32% | 268,100 | $9.5M | New |
| BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC | 0.32% | 87,700 | $9.5M | New |
| CVX Chevron Corp. | 0.31% | 65,482 | $9.4M | Add +0.9% |
| BHF Brighthouse Financial Inc. | 0.31% | 173,447 | $9.3M | New |
| DMC Del Monte Corp. filed as FRESH DEL MONTE PRODUCE INC | 0.31% | 285,445 | $9.3M | New |
| MPLX MPLX LP | 0.31% | 179,549 | $9.2M | No change |
| MO Altria Group Inc. | 0.31% | 156,900 | $9.2M | Reduce -0.6% |
| MKL Markel Group Inc. | 0.31% | 4,600 | $9.2M | New |
| MCD McDonald's Corp. | 0.30% | 31,200 | $9.1M | No change |
| L Loews Corp. | 0.30% | 98,000 | $9.0M | New |
| SUN Sunoco LP | 0.30% | 166,800 | $8.9M | New |
| ALL Allstate Corp. | 0.29% | 43,712 | $8.8M | Reduce -16.9% |
| THG Hanover Insurance Group Inc./ | 0.29% | 51,700 | $8.8M | New |
| PG The Procter & Gamble Co. | 0.29% | 54,950 | $8.8M | No change |
| WMK Weis Markets Inc. filed as WEIS MKTS INC | 0.29% | 120,679 | $8.7M | New |
| NOMD Nomad Foods Ltd. | 0.29% | 507,200 | $8.6M | New |
Portfolio Sells Q1 2025 → Q2 2025
| JWN Nordstrom Inc. | Sold out | 0.00% | −1.72 |
| SFM Sprouts Farmers Market Inc. | Sold out | 0.00% | −0.72 |
| LRN Stride Inc. | Sold out | 0.00% | −0.61 |
| UTI Universal Technical Institut | Sold out | 0.00% | −0.53 |
| CLS Celestica Inc. | Sold out | 0.00% | −0.52 |
| TPC Tutor Perini Corp. | Sold out | 0.00% | −0.47 |
| VSEC Vse Corp. | Sold out | 0.00% | −0.46 |
| REVG Rev Group Inc. | Sold out | 0.00% | −0.44 |
| AMRX Amneal Pharmaceuticals Inc. | Sold out | 0.00% | −0.42 |
| IESC Ies Holdings Inc. | Sold out | 0.00% | −0.41 |
| SPNT Siriuspoint Ltd. | Sold out | 0.00% | −0.41 |
| GPK Graphic Packaging Holding Co. | Reduce -9.9% | 1.10% | −0.40 |
| THC Tenet Healthcare Corp. | Sold out | 0.00% | −0.39 |
| HBI Hanesbrands Inc. | Reduce -9.9% | 0.96% | −0.38 |
| FTI Technipfmc PLC | Sold out | 0.00% | −0.38 |
| TREE Lendingtree Inc. | Sold out | 0.00% | −0.36 |
| TILE Interface Inc. | Sold out | 0.00% | −0.36 |
| URBN Urban Outfitters Inc. | Sold out | 0.00% | −0.35 |
| AIZ Assurant Inc. | Sold out | 0.00% | −0.34 |
| DVA Davita Inc. | Sold out | 0.00% | −0.34 |
| TEVA Teva Pharmaceutical-SP ADR | Sold out | 0.00% | −0.33 |
| MOG.A Moog Inc. Class A | Sold out | 0.00% | −0.33 |
| AZZ Azz Inc. | Sold out | 0.00% | −0.33 |
| MCY Mercury General Corp. | Sold out | 0.00% | −0.32 |
| EME Emcor Group Inc. | Sold out | 0.00% | −0.32 |
| GBX Greenbrier Companies Inc. | Sold out | 0.00% | −0.30 |
| GFF Griffon Corp. | Sold out | 0.00% | −0.30 |
| NWL Newell Brands Inc. | Reduce -9.9% | 1.07% | −0.29 |
| BKD Brookdale Senior Living Inc. | Sold out | 0.00% | −0.28 |
| BLBD Blue Bird Corp. | Sold out | 0.00% | −0.25 |
| PENG Penguin Solutions Inc. | Sold out | 0.00% | −0.25 |
| TOL Toll Brothers Inc. | Sold out | 0.00% | −0.25 |
| GAP The Gap Inc. | Sold out | 0.00% | −0.25 |
| TBCH Turtle Beach Corp. | Sold out | 0.00% | −0.24 |
| LNC Lincoln National Corp. | Reduce -9.9% | 1.62% | −0.24 |
| LBRT Liberty Energy Inc. | Sold out | 0.00% | −0.23 |
| MBC Masterbrand Inc. | Sold out | 0.00% | −0.21 |
| KBH KB Home | Reduce -9.9% | 0.97% | −0.21 |
| DELL Dell Technologies -C | Reduce -76.0% | 0.10% | −0.21 |
| NSIT Insight Enterprises Inc. | Reduce -9.9% | 0.97% | −0.20 |
| MTH Meritage Homes Corp. | Reduce -9.9% | 1.03% | −0.18 |
| AMWD American Woodmark Corp. | Sold out | 0.00% | −0.18 |
| ALK Alaska Air Group Inc. | Reduce -9.9% | 1.72% | −0.18 |
| INGR Ingredion Inc. | Reduce -9.9% | 1.58% | −0.17 |
| UGP Ultrapar Particpac-Spon ADR | Sold out | 0.00% | −0.17 |
| KBR KBR Inc. | Reduce -9.9% | 1.06% | −0.16 |
| FOR Forestar Group Inc. | Sold out | 0.00% | −0.16 |
| DFH Dream Finders Homes Inc. Class A | Sold out | 0.00% | −0.16 |
| HRI Herc Holdings Inc. | Reduce -9.9% | 1.20% | −0.16 |
| WKC World Kinect Corp. | Reduce -9.9% | 1.43% | −0.16 |
Portfolio Buys Q1 2025 → Q2 2025
| EAT Brinker International Inc. | Add +2.4% | 3.47% | +0.67 |
| PRCH Porch Group Inc. | New | 0.65% | +0.65 |
| ATRO Astronics Corp. | New | 0.50% | +0.50 |
| BTSG Brightspring Health Services | New | 0.46% | +0.46 |
| PBI Pitney Bowes Inc. | New | 0.42% | +0.42 |
| CAH Cardinal Health Inc. | Add +331.8% | 0.52% | +0.42 |
| CHEF The Chefs' Warehouse Inc. | New | 0.39% | +0.39 |
| FMS Fresenius Medical Care-ADR | New | 0.38% | +0.38 |
| VIRT Virtu Financial Inc. Class A | New | 0.38% | +0.38 |
| TIGO Millicom Intl Cellular S.A. | New | 0.37% | +0.37 |
| CASY Casey's General Stores Inc. | New | 0.37% | +0.37 |
| FOXA Fox Corp. Class A | New | 0.37% | +0.37 |
| UGI Ugi Corp. | Add +4.7% | 2.76% | +0.37 |
| CSGS CSG Systems Intl Inc. | New | 0.36% | +0.36 |
| AXS Axis Capital Holdings Ltd. | New | 0.36% | +0.36 |
| CHTR Charter Communications Inc. Class A | New | 0.36% | +0.36 |
| ADT Adt Inc. | New | 0.35% | +0.35 |
| DRVN Driven Brands Holdings Inc. | New | 0.35% | +0.35 |
| KR Kroger Co. | Add +149.6% | 0.56% | +0.35 |
| HMN Horace Mann Educators | New | 0.35% | +0.35 |
| PSMT Pricesmart Inc. | New | 0.34% | +0.34 |
| SNEX Stonex Group Inc. | New | 0.34% | +0.34 |
| GHC Graham Holdings Co. Class B | New | 0.34% | +0.34 |
| EVER Everquote Inc. Class A | New | 0.34% | +0.34 |
| WMT Walmart Inc. | New | 0.34% | +0.34 |
| VZ Verizon Communications Inc. | Add +98.8% | 0.68% | +0.32 |
| TDS Telephone and Data Systems | New | 0.32% | +0.32 |
| BJ Bj's Wholesale Club Holdings | New | 0.32% | +0.32 |
| BHF Brighthouse Financial Inc. | New | 0.31% | +0.31 |
| DMC Del Monte Corp. | New | 0.31% | +0.31 |
| MKL Markel Group Inc. | New | 0.31% | +0.31 |
| L Loews Corp. | New | 0.30% | +0.30 |
| SUN Sunoco LP | New | 0.30% | +0.30 |
| THG Hanover Insurance Group Inc./ | New | 0.29% | +0.29 |
| WMK Weis Markets Inc. | New | 0.29% | +0.29 |
| NOMD Nomad Foods Ltd. | New | 0.29% | +0.29 |
| TRV The Travelers Cos Inc. | New | 0.29% | +0.29 |
| ORI Old Republic Intl Corp. | New | 0.29% | +0.29 |
| UNM Unum Group | New | 0.29% | +0.29 |
| COMP Compass Inc. Class A | New | 0.28% | +0.28 |
| PPC Pilgrim's Pride Corp. | New | 0.28% | +0.28 |
| CNO Cno Financial Group Inc. | New | 0.27% | +0.27 |
| ALHC Alignment Healthcare Inc. | New | 0.26% | +0.26 |
| FNF Fidelity National Financial | New | 0.25% | +0.25 |
| ROOT Root Inc./Oh Class A | New | 0.24% | +0.24 |
| EZPW Ezcorp Inc. Class A | New | 0.24% | +0.24 |
| DTM DT Midstream Inc. | Add +2.5% | 0.64% | +0.09 |
| NGG National Grid PLC-SP ADR | Add +5.9% | 0.52% | +0.09 |
| LOGI Logitech International-Reg | New | 0.08% | +0.08 |
| HIFS Hingham Institution for SVGS | Add +100.0% | 0.10% | +0.05 |
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 |