Hennion & Walsh Asset Management, Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 10, 2025), Hennion & Walsh Asset Management, Inc. reported 867 stock positions worth $2.2 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 4.0% of the portfolio, followed by Goldman Activebeta US LC ETF (GSLC, 2.5%) and Vanguard Mrngstr Val ETF-Aui (VTV, 2.3%). Compared with Q4 2024, it opened 59 new positions, sold out of 44, added to 404 and reduced 387. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +147%) and the biggest sale an exit from Wisdomtree Intl QLTY DVD GRW (IQDG).
- Most Recent 13F
- Q2 2026
- Location
- Parsippany, NJ
- CIK
- 0001861642
- Portfolio Value
- $2.2B (Q1 2025)
- SEC Filing
- 0002000324-25-001387 ↗ filed Apr 10, 2025
Holdings Value
Holdings 867 stocks · $2.2B
| IVV iShares Core S&P 500 ETF | 4.02% | 160,851 | $90.4M | Add +147.3% |
| GSLC Goldman Activebeta US LC ETF | 2.49% | 508,836 | $56.0M | Add +6.5% |
| VTV Vanguard Mrngstr Val ETF-Aui | 2.30% | 299,838 | $51.8M | Add +152.8% |
| IGEB iShares Investment Grade SYS | 2.26% | 1,131,051 | $50.9M | Add +3.7% |
| RSP Invesco S&P 500 Equal Weight | 2.01% | 261,700 | $45.3M | Add +170.3% |
| DDWM Wisdomtree DY Inter Eq FD-US | 1.92% | 1,175,201 | $43.2M | New |
| ISPY Proshares S&P High Incom ETF | 1.44% | 769,198 | $32.4M | Reduce -30.4% |
| PFFD Global X US Preferred ETF | 1.35% | 1,593,344 | $30.3M | Add +8.7% |
| GSIE Goldman Sachs Activebeta Int | 1.23% | 779,019 | $27.8M | Reduce -0.2% |
| NZF Nuveen Municipal Credit Inc. | 0.87% | 1,599,474 | $19.6M | Add +7.0% |
| XCEM Columbia Em Core Ex-China | 0.84% | 641,795 | $19.0M | Add +12.8% |
| NVG Nuveen Amt-FR Muni CRDT | 0.82% | 1,493,147 | $18.5M | Add +9.4% |
| V Visa Inc. Class A | 0.72% | 46,186 | $16.2M | Add +1.3% |
| AAPL Apple Inc. | 0.70% | 70,647 | $15.7M | Reduce -2.5% |
| HYGW iShares HY Corp. BD Buywr ETF | 0.70% | 497,883 | $15.7M | Add +7.3% |
| AMZN Amazon.com Inc. | 0.68% | 80,150 | $15.2M | Add +1.7% |
| NUV Nuveen Municipal Value | 0.67% | 1,722,971 | $15.1M | Add +27.2% |
| NXP Nuveen Select Tax-Free Inc. | 0.67% | 1,049,189 | $15.1M | Add +9.7% |
| NVDA Nvidia Corp. | 0.67% | 138,433 | $15.0M | Reduce -7.0% |
| AVGO Broadcom Inc. | 0.63% | 84,066 | $14.1M | Reduce -1.4% |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | 0.62% | 1,237,820 | $13.9M | Reduce -24.7% |
| GOOGL Alphabet Inc. Class A | 0.60% | 87,484 | $13.5M | Reduce -2.2% |
| JAAA Janus Henderson Aaa Clo ETF | 0.59% | 263,876 | $13.4M | Add +7.6% |
| MHD BlackRock Muniholdings Fund | 0.58% | 1,104,504 | $13.0M | Add +15.6% |
| MSFT Microsoft Corp. | 0.57% | 34,249 | $12.9M | Add +3.5% |
| VRNA Verona Pharma Ltd. | 0.56% | 199,473 | $12.7M | Add +3.0% |
| PML PIMCO Municipal Income FD II | 0.52% | 1,455,959 | $11.8M | Add +18.2% |
| MYI BlackRock Muniyield QLTY III | 0.52% | 1,065,504 | $11.7M | Reduce -0.8% |
| LLY Eli Lilly & Co. | 0.52% | 14,083 | $11.6M | Reduce -5.6% |
| BSX Boston Scientific Corp. | 0.51% | 114,840 | $11.6M | Add +7.0% |
| NAD Nuveen Quality Municipal Inc. | 0.49% | 953,730 | $11.0M | Reduce -38.0% |
| MQY BlackRock Muniyield Quality | 0.48% | 917,994 | $10.7M | Reduce -1.8% |
| VMO Invesco Municipal Opport | 0.46% | 1,084,043 | $10.3M | Reduce -18.0% |
| META Meta Platforms Inc. Class A | 0.45% | 17,747 | $10.2M | Add +18.5% |
| ADI Analog Devices Inc. | 0.45% | 50,461 | $10.2M | Add +6.1% |
| IIM Invesco Value Municipal Inco | 0.41% | 775,390 | $9.3M | Reduce -19.7% |
| MLN Vaneck Long Muni ETF | 0.40% | 522,576 | $9.1M | Add +13.2% |
| MA Mastercard Inc. Class A | 0.40% | 16,489 | $9.0M | Reduce -1.3% |
| LEO BNY Mellon Strategic Muni | 0.39% | 1,433,478 | $8.8M | Reduce -0.8% |
| EIM Eaton Vance Municipal Bond | 0.39% | 878,065 | $8.8M | Reduce -4.0% |
| MCK McKesson Corp. | 0.38% | 12,554 | $8.4M | Reduce -16.5% |
| JPM JPMorgan Chase & Co. | 0.38% | 34,403 | $8.4M | Add +10.0% |
| NMZ Nuveen Muni Hi Inc. Opport | 0.37% | 763,111 | $8.3M | Add +22.8% |
| WMT Walmart Inc. | 0.37% | 94,508 | $8.3M | Add +4.4% |
| SRLN SS Blackstone Sr Loan ETF | 0.37% | 199,821 | $8.2M | Add +6.6% |
| PANW Palo Alto Networks Inc. | 0.36% | 47,605 | $8.1M | Add +18.9% |
| KLAC KLA Corp. | 0.36% | 11,902 | $8.1M | Add +21.7% |
| BTT BlackRock 2030 Muni TRGT TRM | 0.35% | 373,274 | $7.9M | Add +3.9% |
| ISRG Intuitive Surgical Inc. | 0.34% | 15,405 | $7.6M | Add +16.4% |
| BCSF Bain Capital Specialty Finan | 0.34% | 455,002 | $7.6M | Reduce -2.8% |
| IGLB iShares 10+ Year Inv GR Corp. | 0.33% | 146,298 | $7.3M | Add +12.6% |
| TT Trane Technologies PLC | 0.32% | 21,690 | $7.3M | Add +3.1% |
| CSCO Cisco Systems Inc. | 0.32% | 117,501 | $7.3M | Reduce -1.9% |
| AMAT Applied Materials Inc. | 0.32% | 49,466 | $7.2M | Add +18.8% |
| SPGI S&P Global Inc. | 0.32% | 14,111 | $7.2M | Reduce -4.6% |
| BFK BlackRock Municipal Inc. TRST | 0.31% | 710,784 | $7.0M | Add +134.5% |
| CTAS Cintas Corp. | 0.31% | 33,921 | $7.0M | Add +2.8% |
| AXSM Axsome Therapeutics Inc. | 0.31% | 59,273 | $6.9M | Add +2.5% |
| UNH Unitedhealth Group Inc. | 0.30% | 13,065 | $6.8M | Add +2.2% |
| PG The Procter & Gamble Co. | 0.30% | 39,968 | $6.8M | Add +10.3% |
| ZLAB Zai Lab Ltd.-ADR | 0.30% | 187,747 | $6.8M | Add +2.4% |
| NOW ServiceNow Inc. | 0.30% | 8,431 | $6.7M | Add +13.6% |
| MIRM Mirum Pharmaceuticals Inc. | 0.29% | 147,193 | $6.6M | Add +1.1% |
| DSM BNYM Strat Muni BND filed as BNY MELLON STRATEGIC MUN BD | 0.29% | 1,135,009 | $6.5M | Reduce -0.8% |
| MRK Merck & Co. Inc. | 0.28% | 71,263 | $6.4M | Reduce -4.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.28% | 25,388 | $6.3M | Reduce -1.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.28% | 51,536 | $6.3M | Add +6.1% |
| VGLT Vanguard Long-Term Treasury | 0.28% | 108,936 | $6.3M | Add +27.9% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.28% | 120,827 | $6.3M | Add +6.8% |
| XPMQX PIMCO Muni Income Fund III | 0.27% | 858,818 | $6.1M | Reduce -0.7% |
| CVX Chevron Corp. | 0.27% | 36,636 | $6.1M | Reduce -7.8% |
| XOM Exxon Mobil Corp. | 0.27% | 50,893 | $6.1M | Reduce -16.5% |
| TRGP Targa Resources Corp. | 0.27% | 30,178 | $6.0M | Add +42.0% |
| ABBV Abbvie Inc. | 0.26% | 28,268 | $5.9M | Reduce -13.8% |
| KO The Coca-Cola Co. | 0.26% | 82,356 | $5.9M | Add +3.7% |
| JPC Nuveen Prefered & Income Opp | 0.26% | 737,390 | $5.9M | Reduce -6.6% |
| IQI Invesco Quality Muni Inc. TR | 0.26% | 603,784 | $5.8M | Reduce -35.2% |
| IGIB iShares 5-10Y Inv Grade Corp. | 0.26% | 110,546 | $5.8M | Add +2.3% |
| INTU Intuit Inc. | 0.26% | 9,418 | $5.8M | Add +11.3% |
| JNJ Johnson & Johnson | 0.26% | 34,709 | $5.8M | Reduce -8.5% |
| CION Cion Investment Corp. | 0.26% | 555,374 | $5.7M | Add +10.1% |
| COST Costco Wholesale Corp. | 0.25% | 6,046 | $5.7M | Add +19.3% |
| TEVA Teva Pharmaceutical-SP ADR | 0.25% | 369,897 | $5.7M | Reduce -0.5% |
| FTNT Fortinet Inc. | 0.24% | 56,758 | $5.5M | Add +6.6% |
| MMD Nylim Mackay Definedterm Mun filed as NYLI MACKAY DEFINEDTERM MUNI | 0.24% | 359,982 | $5.4M | Add +200.2% |
| WM Waste Management Inc. | 0.24% | 23,240 | $5.4M | Add +17.9% |
| HYEM Vaneck Emrg MKTS Hi YLD | 0.24% | 271,476 | $5.3M | Add +6.5% |
| MSI Motorola Solutions Inc. | 0.23% | 12,055 | $5.3M | Add +3.4% |
| CORT Corcept Therapeutics Inc. | 0.23% | 46,149 | $5.3M | Reduce -4.1% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.23% | 15,174 | $5.2M | Reduce -1.6% |
| QCOM Qualcomm Inc. | 0.23% | 34,003 | $5.2M | Add +9.3% |
| KTF DWS Municipal Income Trust | 0.23% | 556,423 | $5.2M | Reduce -2.4% |
| MO Altria Group Inc. | 0.23% | 86,581 | $5.2M | Reduce -1.9% |
| WMB Williams Cos Inc. | 0.23% | 85,839 | $5.1M | Add +14.0% |
| NCDL Nuveen Churchill Direct Lend | 0.22% | 297,087 | $5.0M | Add +40.4% |
| EOT Eaton Vance National Municip | 0.22% | 301,297 | $5.0M | Add +61.0% |
| GBDC Golub Capital BDC Inc. | 0.22% | 329,748 | $5.0M | Add +34.3% |
| SYY Sysco Corp. | 0.22% | 66,461 | $5.0M | Add +1.6% |
| BMI Badger Meter Inc. | 0.22% | 26,033 | $5.0M | Reduce -0.0% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 0.22% | 57,462 | $4.9M | Reduce -17.7% |
Portfolio Sells Q4 2024 → Q1 2025
| IQDG Wisdomtree Intl QLTY DVD GRW | Sold out | 0.00% | −2.06 |
| DGRS Wisdomtree U.S. Smallcap Qua | Sold out | 0.00% | −1.15 |
| JQUA JPMorgan US Quality Factor | Sold out | 0.00% | −1.12 |
| WTAI Wisdomtree AI and Innovation | Sold out | 0.00% | −0.78 |
| ISPY Proshares S&P High Incom ETF | Reduce -30.4% | 1.44% | −0.78 |
| FLJP Franklin Ftse Japan ETF | Sold out | 0.00% | −0.69 |
| NAD Nuveen Quality Municipal Inc. | Reduce -38.0% | 0.49% | −0.32 |
| AVGO Broadcom Inc. | Reduce -1.4% | 0.63% | −0.27 |
| NVDA Nvidia Corp. | Reduce -7.0% | 0.67% | −0.24 |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | Reduce -24.7% | 0.62% | −0.22 |
| GOOGL Alphabet Inc. Class A | Reduce -2.2% | 0.60% | −0.17 |
| IQI Invesco Quality Muni Inc. TR | Reduce -35.2% | 0.26% | −0.16 |
| JEF Jefferies Financial Group Inc. | Reduce -55.1% | 0.06% | −0.15 |
| BYM BlackRock Muni Inc. QLTY | Reduce -44.8% | 0.17% | −0.15 |
| CONSOL ENERGY INC | Sold out | 0.00% | −0.14 |
| VMO Invesco Municipal Opport | Reduce -18.0% | 0.46% | −0.12 |
| AAPL Apple Inc. | Reduce -2.5% | 0.70% | −0.12 |
| TEVA Teva Pharmaceutical-SP ADR | Reduce -0.5% | 0.25% | −0.12 |
| IRM Iron Mountain Inc. | Reduce -17.7% | 0.22% | −0.11 |
| VKI Invesco Adv Muni Inc. TR II | Reduce -35.4% | 0.18% | −0.11 |
| AFB Allianceberstein NTL Muni | Reduce -35.8% | 0.18% | −0.11 |
| IIM Invesco Value Municipal Inco | Reduce -19.7% | 0.41% | −0.11 |
| VKQ Invesco Municipal Trust | Reduce -79.7% | 0.03% | −0.10 |
| ANET Arista Networks Inc. | Reduce -4.8% | 0.18% | −0.09 |
| NRK Nuveen NY Amt-FR Muni Inc. | Reduce -43.6% | 0.11% | −0.09 |
| XENWX Eaton Vance New York Municip | Reduce -80.4% | 0.02% | −0.09 |
| HRB H&R Block Inc. | Reduce -49.2% | 0.08% | −0.08 |
| MYN BlackRock Muniyield NY QLTY | Reduce -33.5% | 0.12% | −0.07 |
| VRDN Viridian Therapeutics Inc. | Reduce -5.5% | 0.12% | −0.06 |
| PKG Packaging Corp. of America | Reduce -28.2% | 0.10% | −0.06 |
| PLRX Pliant Therapeutics Inc. | Reduce -3.9% | 0.01% | −0.06 |
| PBR Petroleo Brasileiro-Spon ADR | Reduce -68.0% | 0.03% | −0.06 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -22.3% | 0.19% | −0.05 |
| BX Blackstone Inc. | Reduce -15.5% | 0.11% | −0.05 |
| MRK Merck & Co. Inc. | Reduce -4.7% | 0.28% | −0.05 |
| ODFL Old Dominion Freight Line | Reduce -20.4% | 0.14% | −0.05 |
| FBP First Bancorp Puerto Rico | Reduce -71.1% | 0.02% | −0.05 |
| BBDC Barings BDC Inc. | Reduce -22.4% | 0.16% | −0.05 |
| SKX Skechers USA Inc. Class A | Reduce -26.1% | 0.08% | −0.05 |
| CSWC Capital Southwest Corp. | Reduce -27.9% | 0.13% | −0.05 |
| MCHP Microchip Technology Inc. | Reduce -31.7% | 0.06% | −0.05 |
| CIVI Civitas Resources Inc. | Reduce -35.3% | 0.04% | −0.05 |
| ADSK Autodesk Inc. | Reduce -18.7% | 0.12% | −0.05 |
| WSM Williams-Sonoma Inc. | Reduce -10.8% | 0.14% | −0.05 |
| HVT Haverty Furniture | Sold out | 0.00% | −0.05 |
| ORI Old Republic Intl Corp. | Reduce -37.6% | 0.09% | −0.04 |
| VTRS Viatris Inc. | Reduce -10.0% | 0.07% | −0.04 |
| CRNX Crinetics Pharmaceuticals Inc. | Reduce -18.7% | 0.05% | −0.04 |
| ADBE Adobe Inc. | Reduce -3.3% | 0.20% | −0.04 |
| SO The Southern Co. | Reduce -28.2% | 0.16% | −0.04 |
Portfolio Buys Q4 2024 → Q1 2025
| IVV iShares Core S&P 500 ETF | Add +147.3% | 4.02% | +2.28 |
| DDWM Wisdomtree DY Inter Eq FD-US | New | 1.92% | +1.92 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +152.8% | 2.30% | +1.39 |
| RSP Invesco S&P 500 Equal Weight | Add +170.3% | 2.01% | +1.25 |
| BFK BlackRock Municipal Inc. TRST | Add +134.5% | 0.31% | +0.18 |
| MMD Nylim Mackay Definedterm Mun | Add +200.2% | 0.24% | +0.16 |
| VRNA Verona Pharma Ltd. | Add +3.0% | 0.56% | +0.16 |
| NUV Nuveen Municipal Value | Add +27.2% | 0.67% | +0.14 |
| SPY SS SPDR S&P 500 ETF Trust-US | New | 0.13% | +0.13 |
| VGT Vanguard Info Tech ETF | Add +164.5% | 0.20% | +0.11 |
| TRGP Targa Resources Corp. | Add +42.0% | 0.27% | +0.10 |
| XMHIX Pioneer Muni High Inc. TR | Add +299.3% | 0.13% | +0.10 |
| BLE BlackRock Muni Inc. TR II | New | 0.09% | +0.09 |
| AXSM Axsome Therapeutics Inc. | Add +2.5% | 0.31% | +0.09 |
| ZLAB Zai Lab Ltd.-ADR | Add +2.4% | 0.30% | +0.08 |
| EOT Eaton Vance National Municip | Add +61.0% | 0.22% | +0.08 |
| XPMFX PIMCO Municipal Income Fund | Add +74.9% | 0.20% | +0.08 |
| BSX Boston Scientific Corp. | Add +7.0% | 0.51% | +0.08 |
| KLAC KLA Corp. | Add +21.7% | 0.36% | +0.08 |
| XBKNX BlackRock Invest QLTY Muni | New | 0.08% | +0.08 |
| XCEM Columbia Em Core Ex-China | Add +12.8% | 0.84% | +0.08 |
| MUA BlackRock Muniassets Fund | New | 0.08% | +0.08 |
| XMYDX BlackRock Muniyield Fund | New | 0.08% | +0.08 |
| EVN Eaton Vance Muni Inc. TR | New | 0.08% | +0.08 |
| AIG American International Group | Add +48.2% | 0.18% | +0.08 |
| PM Philip Morris International | Add +17.9% | 0.22% | +0.07 |
| PML PIMCO Municipal Income FD II | Add +18.2% | 0.52% | +0.07 |
| IGEB iShares Investment Grade SYS | Add +3.7% | 2.26% | +0.07 |
| MHD BlackRock Muniholdings Fund | Add +15.6% | 0.58% | +0.07 |
| OIA Invesco Municipal Income Opp | New | 0.07% | +0.07 |
| XMVTX BlackRock Munivest Fund II | New | 0.07% | +0.07 |
| PMM Franklin Managed Municipal I | New | 0.07% | +0.07 |
| MUE BlackRock Munihold QLT FD II | Add +569.8% | 0.08% | +0.07 |
| XMQTX BlackRock Muniyield QLTY II | Add +476.1% | 0.09% | +0.07 |
| XMVFX BlackRock Munivest Fund | Add +579.2% | 0.08% | +0.07 |
| XMIOX Pioneer Muni High Inc. Opp | New | 0.07% | +0.07 |
| BBVA Banco Bilbao Vizcaya-SP ADR | Add +32.8% | 0.15% | +0.07 |
| V Visa Inc. Class A | Add +1.3% | 0.72% | +0.07 |
| NMZ Nuveen Muni Hi Inc. Opport | Add +22.8% | 0.37% | +0.07 |
| VGLT Vanguard Long-Term Treasury | Add +27.9% | 0.28% | +0.07 |
| NVG Nuveen Amt-FR Muni CRDT | Add +9.4% | 0.82% | +0.06 |
| NCDL Nuveen Churchill Direct Lend | Add +40.4% | 0.22% | +0.06 |
| ING ING Groep N.V.-Sponsored ADR | Add +27.2% | 0.17% | +0.06 |
| NEE Nextera Energy Inc. | Add +97.9% | 0.13% | +0.06 |
| SAR Saratoga Investment Corp. | Add +33.4% | 0.22% | +0.06 |
| WM Waste Management Inc. | Add +17.9% | 0.24% | +0.06 |
| MSDL Morgan Stanley Direct Lendin | Add +313.9% | 0.08% | +0.06 |
| META Meta Platforms Inc. Class A | Add +18.5% | 0.45% | +0.06 |
| NIM Nuveen Select Maturit Muni | Add +699.3% | 0.06% | +0.05 |
| AEP American Electric Power | Add +27.0% | 0.17% | +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 |