Hennion & Walsh Asset Management, Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 15, 2025), Hennion & Walsh Asset Management, Inc. reported 851 stock positions worth $2.2 billion. Its top holding was Goldman Activebeta US LC ETF (GSLC) at 2.5% of the portfolio, followed by Proshares S&P High Incom ETF (ISPY, 2.2%) and iShares Investment Grade SYS (IGEB, 2.2%). Compared with Q3 2024, it opened 52 new positions, sold out of 67, added to 475 and reduced 305. The biggest buy was a new position in Vanguard Mrngstr Val ETF-Aui (VTV) and the biggest sale JPMorgan US Quality Factor (JQUA, shares −49%).
- Most Recent 13F
- Q2 2026
- Location
- Parsippany, NJ
- CIK
- 0001861642
- Portfolio Value
- $2.2B (Q4 2024)
- SEC Filing
- 0002000324-25-000017 ↗ filed Jan 15, 2025
Holdings Value
Holdings 851 stocks · $2.2B
| GSLC Goldman Activebeta US LC ETF | 2.49% | 477,636 | $55.0M | Add +1.2% |
| ISPY Proshares S&P High Incom ETF | 2.22% | 1,105,781 | $49.0M | Add +18.5% |
| IGEB iShares Investment Grade SYS | 2.19% | 1,091,067 | $48.4M | Add +16.2% |
| IQDG Wisdomtree Intl QLTY DVD GRW | 2.06% | 1,328,958 | $45.5M | Reduce -0.2% |
| IVV iShares Core S&P 500 ETF | 1.73% | 65,029 | $38.3M | Add +1.4% |
| PFFD Global X US Preferred ETF | 1.29% | 1,466,319 | $28.6M | Add +23.0% |
| GSIE Goldman Sachs Activebeta Int | 1.18% | 780,553 | $26.0M | Add +3.6% |
| DGRS Wisdomtree U.S. Smallcap Qua | 1.15% | 496,040 | $25.4M | Add +1.8% |
| JQUA JPMorgan US Quality Factor | 1.12% | 433,153 | $24.8M | Reduce -48.6% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.91% | 118,596 | $20.1M | New |
| NVDA Nvidia Corp. | 0.91% | 148,930 | $20.0M | Add +10.7% |
| AVGO Broadcom Inc. | 0.89% | 85,250 | $19.8M | Add +1.1% |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | 0.84% | 1,643,217 | $18.5M | Add +1.1% |
| NZF Nuveen Municipal Credit Inc. | 0.82% | 1,494,472 | $18.2M | Add +30.1% |
| AAPL Apple Inc. | 0.82% | 72,428 | $18.1M | Add +3.7% |
| NAD Nuveen Quality Municipal Inc. | 0.81% | 1,538,972 | $17.9M | Reduce -18.6% |
| AMZN Amazon.com Inc. | 0.78% | 78,781 | $17.3M | Add +14.9% |
| WTAI Wisdomtree AI and Innovation | 0.78% | 784,659 | $17.3M | Add +3.8% |
| RSP Invesco S&P 500 Equal Weight | 0.77% | 96,808 | $17.0M | Add +2.4% |
| GOOGL Alphabet Inc. Class A | 0.77% | 89,420 | $16.9M | Add +12.9% |
| XCEM Columbia Em Core Ex-China | 0.76% | 569,099 | $16.8M | Reduce -2.6% |
| NVG Nuveen Amt-FR Muni CRDT | 0.76% | 1,365,195 | $16.7M | Add +38.3% |
| FLJP Franklin Ftse Japan ETF | 0.69% | 531,301 | $15.2M | Add +3.5% |
| HYGW iShares HY Corp. BD Buywr ETF | 0.67% | 464,159 | $14.7M | Add +26.9% |
| NXP Nuveen Select Tax-Free Inc. | 0.66% | 956,400 | $14.5M | Add +45.3% |
| V Visa Inc. Class A | 0.65% | 45,580 | $14.4M | Add +6.4% |
| MSFT Microsoft Corp. | 0.64% | 33,095 | $14.2M | Add +2.4% |
| VMO Invesco Municipal Opport | 0.58% | 1,321,665 | $12.8M | Reduce -12.2% |
| JAAA Janus Henderson Aaa Clo ETF | 0.56% | 245,228 | $12.4M | Add +28.1% |
| MYI BlackRock Muniyield QLTY III | 0.54% | 1,073,688 | $11.9M | Add +8.8% |
| NUV Nuveen Municipal Value | 0.53% | 1,354,412 | $11.6M | Add +51.0% |
| LLY Eli Lilly & Co. | 0.52% | 14,918 | $11.5M | Add +3.1% |
| IIM Invesco Value Municipal Inco | 0.52% | 965,643 | $11.5M | Reduce -12.6% |
| MHD BlackRock Muniholdings Fund | 0.50% | 955,558 | $11.2M | Add +77.5% |
| MQY BlackRock Muniyield Quality | 0.49% | 934,768 | $10.8M | Add +35.0% |
| ADI Analog Devices Inc. | 0.46% | 47,578 | $10.1M | Add +6.5% |
| PML PIMCO Municipal Income FD II | 0.45% | 1,231,738 | $10.0M | Add +89.2% |
| BSX Boston Scientific Corp. | 0.43% | 107,340 | $9.6M | Add +7.6% |
| EIM Eaton Vance Municipal Bond | 0.43% | 914,996 | $9.5M | Add +33.5% |
| IQI Invesco Quality Muni Inc. TR | 0.42% | 931,509 | $9.2M | Reduce -11.5% |
| VRNA Verona Pharma Ltd. | 0.41% | 193,707 | $9.0M | Add +24.3% |
| MA Mastercard Inc. Class A | 0.40% | 16,702 | $8.8M | Add +17.2% |
| META Meta Platforms Inc. Class A | 0.40% | 14,975 | $8.8M | Add +7.9% |
| LEO BNY Mellon Strategic Muni | 0.40% | 1,445,288 | $8.7M | Reduce -0.7% |
| MCK McKesson Corp. | 0.39% | 15,033 | $8.6M | Reduce -8.2% |
| MLN Vaneck Long Muni ETF | 0.37% | 461,633 | $8.3M | Reduce -3.3% |
| BCSF Bain Capital Specialty Finan | 0.37% | 468,313 | $8.2M | Add +0.5% |
| TEVA Teva Pharmaceutical-SP ADR | 0.37% | 371,583 | $8.2M | Add +19.8% |
| WMT Walmart Inc. | 0.37% | 90,529 | $8.2M | Reduce -10.4% |
| NOW ServiceNow Inc. | 0.36% | 7,424 | $7.9M | Add +11.9% |
| SRLN SS Blackstone Sr Loan ETF | 0.35% | 187,509 | $7.8M | Add +33.1% |
| TT Trane Technologies PLC | 0.35% | 21,035 | $7.8M | Reduce -14.3% |
| JPM JPMorgan Chase & Co. | 0.34% | 31,281 | $7.5M | Reduce -2.2% |
| MRK Merck & Co. Inc. | 0.34% | 74,801 | $7.4M | Add +7.3% |
| BTT BlackRock 2030 Muni TRGT TRM | 0.34% | 359,403 | $7.4M | Add +24.6% |
| SPGI S&P Global Inc. | 0.33% | 14,796 | $7.4M | Reduce -1.5% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 0.33% | 69,845 | $7.3M | Reduce -7.0% |
| PANW Palo Alto Networks Inc. | 0.33% | 40,025 | $7.3M | Add +12.6% |
| CSCO Cisco Systems Inc. | 0.32% | 119,747 | $7.1M | Add +2.8% |
| BYM BlackRock Muni Inc. QLTY | 0.32% | 641,301 | $7.0M | Add +33.0% |
| ISRG Intuitive Surgical Inc. | 0.31% | 13,237 | $6.9M | Add +7.4% |
| AMAT Applied Materials Inc. | 0.31% | 41,628 | $6.8M | Add +26.9% |
| NMZ Nuveen Muni Hi Inc. Opport | 0.30% | 621,534 | $6.7M | Add +196.7% |
| DSM BNYM Strat Muni BND filed as BNY MELLON STRATEGIC MUN BD | 0.30% | 1,144,784 | $6.7M | Reduce -0.8% |
| XOM Exxon Mobil Corp. | 0.30% | 60,982 | $6.6M | Reduce -4.3% |
| UNH Unitedhealth Group Inc. | 0.29% | 12,784 | $6.5M | Add +15.0% |
| VKI Invesco Adv Muni Inc. TR II | 0.29% | 738,830 | $6.5M | Reduce -21.1% |
| AFB Allianceberstein NTL Muni | 0.29% | 592,728 | $6.4M | Add +14.1% |
| IGLB iShares 10+ Year Inv GR Corp. | 0.29% | 129,937 | $6.4M | Add +12.4% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.29% | 113,134 | $6.4M | Add +29.6% |
| XPMQX PIMCO Muni Income Fund III | 0.29% | 864,517 | $6.4M | Add +7.5% |
| JPC Nuveen Prefered & Income Opp | 0.28% | 789,682 | $6.2M | Reduce -14.0% |
| KLAC KLA Corp. | 0.28% | 9,778 | $6.2M | Add +27.6% |
| PG The Procter & Gamble Co. | 0.28% | 36,231 | $6.1M | Add +11.6% |
| CTAS Cintas Corp. | 0.27% | 32,988 | $6.0M | Reduce -16.1% |
| MIRM Mirum Pharmaceuticals Inc. | 0.27% | 145,599 | $6.0M | Add +25.5% |
| ANET Arista Networks Inc. | 0.27% | 54,000 | $6.0M | Reduce -25.6% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.27% | 48,572 | $5.9M | Add +1.1% |
| ABBV Abbvie Inc. | 0.26% | 32,806 | $5.8M | Reduce -0.1% |
| CVX Chevron Corp. | 0.26% | 39,740 | $5.8M | Add +6.0% |
| CION Cion Investment Corp. | 0.26% | 504,411 | $5.8M | Add +14.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.26% | 25,653 | $5.6M | Reduce -8.0% |
| IGIB iShares 5-10Y Inv Grade Corp. | 0.25% | 108,118 | $5.6M | Add +9.6% |
| RYTM Rhythm Pharmaceuticals Inc. | 0.25% | 99,447 | $5.6M | Reduce -1.5% |
| PWR Quanta Services Inc. | 0.25% | 17,573 | $5.6M | Add +4.7% |
| BMI Badger Meter Inc. | 0.25% | 26,039 | $5.5M | Add +0.7% |
| CRM Salesforce Inc. | 0.25% | 16,477 | $5.5M | Add +4.9% |
| JNJ Johnson & Johnson | 0.25% | 37,915 | $5.5M | Add +3.8% |
| KTF DWS Municipal Income Trust | 0.24% | 570,351 | $5.4M | Add +17.6% |
| ADBE Adobe Inc. | 0.24% | 12,118 | $5.4M | Add +7.2% |
| MSI Motorola Solutions Inc. | 0.24% | 11,656 | $5.4M | Reduce -20.6% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.24% | 103,249 | $5.3M | Reduce -0.6% |
| INTU Intuit Inc. | 0.24% | 8,461 | $5.3M | Add +22.7% |
| FTNT Fortinet Inc. | 0.23% | 53,225 | $5.0M | Add +13.4% |
| SYY Sysco Corp. | 0.23% | 65,394 | $5.0M | Add +1.9% |
| HYEM Vaneck Emrg MKTS Hi YLD | 0.22% | 254,914 | $5.0M | Add +32.9% |
| KO The Coca-Cola Co. | 0.22% | 79,416 | $4.9M | Add +5.7% |
| AXSM Axsome Therapeutics Inc. | 0.22% | 57,836 | $4.9M | Reduce -0.5% |
| MFIC Midcap Financial Investment | 0.22% | 356,657 | $4.8M | Add +11.0% |
| ZLAB Zai Lab Ltd.-ADR | 0.22% | 183,317 | $4.8M | Add +28.9% |
Portfolio Sells Q3 2024 → Q4 2024
| JQUA JPMorgan US Quality Factor | Reduce -48.6% | 1.12% | −1.11 |
| IQDG Wisdomtree Intl QLTY DVD GRW | Reduce -0.2% | 2.06% | −0.38 |
| NAD Nuveen Quality Municipal Inc. | Reduce -18.6% | 0.81% | −0.28 |
| INSM Insmed Inc. | Reduce -49.8% | 0.14% | −0.16 |
| NRK Nuveen NY Amt-FR Muni Inc. | Reduce -36.2% | 0.20% | −0.15 |
| IIM Invesco Value Municipal Inco | Reduce -12.6% | 0.52% | −0.14 |
| VMO Invesco Municipal Opport | Reduce -12.2% | 0.58% | −0.14 |
| NAN Nuveen NY QLTY Muni Inc. | Reduce -61.7% | 0.07% | −0.13 |
| XCEM Columbia Em Core Ex-China | Reduce -2.6% | 0.76% | −0.13 |
| VKI Invesco Adv Muni Inc. TR II | Reduce -21.1% | 0.29% | −0.11 |
| XNCMX Nuveen Ca Amt-FR Muni Inc. | Reduce -31.2% | 0.18% | −0.11 |
| MOR Morphosys AG ADR | Sold out | 0.00% | −0.11 |
| MYN BlackRock Muniyield NY QLTY | Reduce -28.8% | 0.19% | −0.11 |
| CTAS Cintas Corp. | Reduce -16.1% | 0.27% | −0.11 |
| MHN BlackRock Muniholding NY QLT | Reduce -40.2% | 0.12% | −0.10 |
| NAC Nuveen Ca QLTY Muni Inc. | Reduce -28.8% | 0.19% | −0.10 |
| IQI Invesco Quality Muni Inc. TR | Reduce -11.5% | 0.42% | −0.10 |
| TT Trane Technologies PLC | Reduce -14.3% | 0.35% | −0.09 |
| IRM Iron Mountain Inc. | Reduce -7.0% | 0.33% | −0.08 |
| RARE Ultragenyx Pharmaceutical Inc. | Reduce -19.1% | 0.12% | −0.08 |
| ABT Abbott Laboratories | Reduce -53.6% | 0.07% | −0.08 |
| VGR Vector Group Ltd. | Sold out | 0.00% | −0.08 |
| HRB H&R Block Inc. | Reduce -16.3% | 0.16% | −0.08 |
| ADP Automatic Data Processing | Reduce -46.5% | 0.09% | −0.08 |
| DOW Dow Inc. | Reduce -13.0% | 0.12% | −0.07 |
| MCHP Microchip Technology Inc. | Reduce -12.7% | 0.11% | −0.07 |
| NMT Nuveen Ma QLTY Muni Inc. | Sold out | 0.00% | −0.07 |
| CSWC Capital Southwest Corp. | Reduce -14.5% | 0.18% | −0.07 |
| FMN Federated Herm Prem Muni Inc. | Sold out | 0.00% | −0.07 |
| EVN Eaton Vance Muni Inc. TR | Sold out | 0.00% | −0.07 |
| XNXJX Nuveen NJ QLTY Muni Inc. | Sold out | 0.00% | −0.07 |
| RNAM Avidity Biosciences Inc. | Reduce -1.8% | 0.10% | −0.07 |
| JPC Nuveen Prefered & Income Opp | Reduce -14.0% | 0.28% | −0.07 |
| KURA Kura Oncology Inc. | Reduce -1.0% | 0.05% | −0.06 |
| MSI Motorola Solutions Inc. | Reduce -20.6% | 0.24% | −0.06 |
| GOOG Alphabet Inc. Class C | Sold out | 0.00% | −0.06 |
| XBNYX BlackRock New York Muni Inc. | Reduce -31.0% | 0.09% | −0.06 |
| HWM Howmet Aerospace Inc. | Reduce -50.4% | 0.06% | −0.06 |
| BGH Barings GLBL SHRT Dur Hi YLD | Reduce -35.4% | 0.10% | −0.06 |
| HCA HCA Healthcare Inc. | Sold out | 0.00% | −0.06 |
| FBP First Bancorp Puerto Rico | Reduce -34.1% | 0.07% | −0.06 |
| ANET Arista Networks Inc. | Reduce -25.6% | 0.27% | −0.06 |
| HD Home Depot Inc. | Reduce -32.9% | 0.09% | −0.05 |
| EXEL Exelixis Inc. | Reduce -75.3% | 0.02% | −0.05 |
| TSCO Tractor Supply Company | Sold out | 0.00% | −0.05 |
| XOM Exxon Mobil Corp. | Reduce -4.3% | 0.30% | −0.05 |
| ITCI Intra-Cellular Therapies Inc. | Sold out | 0.00% | −0.05 |
| TY Tri-Continental Corp. | Reduce -21.2% | 0.14% | −0.05 |
| SWTX Springworks Therapeutics Inc. | Sold out | 0.00% | −0.05 |
| NMI Nuveen Municipal Income | Reduce -67.8% | 0.02% | −0.05 |
Portfolio Buys Q3 2024 → Q4 2024
| VTV Vanguard Mrngstr Val ETF-Aui | New | 0.91% | +0.91 |
| ISPY Proshares S&P High Incom ETF | Add +18.5% | 2.22% | +0.26 |
| AVGO Broadcom Inc. | Add +1.1% | 0.89% | +0.22 |
| VRNA Verona Pharma Ltd. | Add +24.3% | 0.41% | +0.20 |
| NXP Nuveen Select Tax-Free Inc. | Add +45.3% | 0.66% | +0.19 |
| NMZ Nuveen Muni Hi Inc. Opport | Add +196.7% | 0.30% | +0.19 |
| MHD BlackRock Muniholdings Fund | Add +77.5% | 0.50% | +0.19 |
| AMZN Amazon.com Inc. | Add +14.9% | 0.78% | +0.19 |
| PML PIMCO Municipal Income FD II | Add +89.2% | 0.45% | +0.17 |
| IGEB iShares Investment Grade SYS | Add +16.2% | 2.19% | +0.15 |
| GOOGL Alphabet Inc. Class A | Add +12.9% | 0.77% | +0.15 |
| PMO Franklin Muncipl Opps Tst-Ui | Add +2144.1% | 0.16% | +0.15 |
| NUV Nuveen Municipal Value | Add +51.0% | 0.53% | +0.15 |
| NVDA Nvidia Corp. | Add +10.7% | 0.91% | +0.14 |
| NVG Nuveen Amt-FR Muni CRDT | Add +38.3% | 0.76% | +0.14 |
| PFFD Global X US Preferred ETF | Add +23.0% | 1.29% | +0.14 |
| BFK BlackRock Municipal Inc. TRST | Add +1549.8% | 0.14% | +0.13 |
| NZF Nuveen Municipal Credit Inc. | Add +30.1% | 0.82% | +0.12 |
| TEVA Teva Pharmaceutical-SP ADR | Add +19.8% | 0.37% | +0.11 |
| JAAA Janus Henderson Aaa Clo ETF | Add +28.1% | 0.56% | +0.11 |
| XPMFX PIMCO Municipal Income Fund | Add +1317.5% | 0.12% | +0.11 |
| HYGW iShares HY Corp. BD Buywr ETF | Add +26.9% | 0.67% | +0.11 |
| XPMAX Pioneer Municipal High Inc. | Add +114.7% | 0.21% | +0.10 |
| V Visa Inc. Class A | Add +6.4% | 0.65% | +0.10 |
| AXON Axon Enterprise Inc. | Add +26.8% | 0.19% | +0.09 |
| EIM Eaton Vance Municipal Bond | Add +33.5% | 0.43% | +0.08 |
| MMD Nylim Mackay Definedterm Mun | New | 0.08% | +0.08 |
| SRLN SS Blackstone Sr Loan ETF | Add +33.1% | 0.35% | +0.08 |
| NOW ServiceNow Inc. | Add +11.9% | 0.36% | +0.08 |
| WTAI Wisdomtree AI and Innovation | Add +3.8% | 0.78% | +0.08 |
| TRGP Targa Resources Corp. | Add +53.5% | 0.17% | +0.08 |
| MA Mastercard Inc. Class A | Add +17.2% | 0.40% | +0.07 |
| MAR Marriott International Class A | Add +52.4% | 0.17% | +0.07 |
| RKLB Rocket Lab USA Inc. | Add +3.9% | 0.11% | +0.07 |
| NDAQ Nasdaq Inc. | Add +325.5% | 0.08% | +0.07 |
| XBTAX BlackRock LNG-TRM Muni Adv | New | 0.06% | +0.06 |
| JEPQ JPM Nasdaq Equity Premium | Add +29.6% | 0.29% | +0.06 |
| MQY BlackRock Muniyield Quality | Add +35.0% | 0.49% | +0.06 |
| ETN Eaton Corp. PLC | Add +127.8% | 0.11% | +0.06 |
| AAPL Apple Inc. | Add +3.7% | 0.82% | +0.06 |
| MIRM Mirum Pharmaceuticals Inc. | Add +25.5% | 0.27% | +0.06 |
| TZOO Travelzoo | Add +14.7% | 0.13% | +0.06 |
| FTNT Fortinet Inc. | Add +13.4% | 0.23% | +0.06 |
| ZLAB Zai Lab Ltd.-ADR | Add +28.9% | 0.22% | +0.06 |
| EOT Eaton Vance National Municip | Add +87.5% | 0.14% | +0.06 |
| INDV Indivior Ltd. | New | 0.05% | +0.05 |
| COST Costco Wholesale Corp. | Add +31.4% | 0.21% | +0.05 |
| CRM Salesforce Inc. | Add +4.9% | 0.25% | +0.05 |
| SUPN Supernus Pharmaceuticals Inc. | Add +60.5% | 0.11% | +0.05 |
| WMB Williams Cos Inc. | Add +17.0% | 0.18% | +0.05 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 955 | $3.5B | IVV, DDWM, VTV, XCEM, MQY |
| Q1 2026 | 928 | $3.0B | IVV, GSLC, DDWM, MQY, VTV |
| Q4 2025 | 926 | $2.9B | IVV, GSLC, GSIE, DDWM, ISPY |
| Q3 2025 | 937 | $2.8B | IVV, GSLC, DDWM, GSIE, ISPY |
| Q2 2025 | 916 | $2.5B | IVV, GSLC, VTV, RSP, DDWM |
| Q1 2025 | 867 | $2.2B | IVV, GSLC, VTV, IGEB, RSP |
| Q4 2024 | 851 | $2.2B | GSLC, ISPY, IGEB, IQDG, IVV |
| Q3 2024 | 866 | $2.1B | GSLC, IQDG, JQUA, IGEB, ISPY |
| Q2 2024 | 838 | $1.9B | GSLC, IQDG, JQUA, IGEB, ISPY |
| Q1 2024 | 840 | $1.9B | GSLC, IQDG, JQUA, JEPI, IVV |