Hennion & Walsh Asset Management, Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 7, 2025), Hennion & Walsh Asset Management, Inc. reported 916 stock positions worth $2.5 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 4.1% of the portfolio, followed by Goldman Activebeta US LC ETF (GSLC, 2.5%) and Vanguard Mrngstr Val ETF-Aui (VTV, 2.2%). Compared with Q1 2025, it opened 89 new positions, sold out of 40, added to 439 and reduced 377. The biggest buy was a new position in iShares Preferred & Income S (PFF) and the biggest sale Global X US Preferred ETF (PFFD, shares −98%).
- Most Recent 13F
- Q2 2026
- Location
- Parsippany, NJ
- CIK
- 0001861642
- Portfolio Value
- $2.5B (Q2 2025)
- SEC Filing
- 0002000324-25-002684 ↗ filed Aug 7, 2025
Holdings Value
Holdings 916 stocks · $2.5B
| IVV iShares Core S&P 500 ETF | 4.08% | 162,760 | $101.1M | Add +1.2% |
| GSLC Goldman Activebeta US LC ETF | 2.51% | 513,062 | $62.3M | Add +0.8% |
| VTV Vanguard Mrngstr Val ETF-Aui | 2.19% | 306,223 | $54.1M | Add +2.1% |
| RSP Invesco S&P 500 Equal Weight | 1.96% | 266,846 | $48.5M | Add +2.0% |
| DDWM Wisdomtree DY Inter Eq FD-US | 1.89% | 1,180,367 | $46.8M | Add +0.4% |
| ISPY Proshares S&P High Incom ETF | 1.48% | 863,422 | $36.6M | Add +12.3% |
| IGEB iShares Investment Grade SYS | 1.46% | 794,619 | $36.1M | Reduce -29.8% |
| GSIE Goldman Sachs Activebeta Int | 1.25% | 780,476 | $31.0M | Add +0.2% |
| NVDA Nvidia Corp. | 0.95% | 148,510 | $23.5M | Add +7.3% |
| XCEM Columbia Em Core Ex-China | 0.90% | 649,375 | $22.2M | Add +1.2% |
| AVGO Broadcom Inc. | 0.89% | 80,384 | $22.2M | Reduce -4.4% |
| PFF iShares Preferred & Income S | 0.87% | 700,414 | $21.5M | New |
| AMZN Amazon.com Inc. | 0.79% | 89,055 | $19.5M | Add +11.1% |
| VRNA Verona Pharma Ltd. | 0.76% | 198,514 | $18.8M | Reduce -0.5% |
| NZF Nuveen Municipal Credit Inc. | 0.74% | 1,528,015 | $18.2M | Reduce -4.5% |
| JSCP JPMorgan Short Duration Core | 0.72% | 375,075 | $17.8M | New |
| MSFT Microsoft Corp. | 0.71% | 35,478 | $17.6M | Add +3.6% |
| NVG Nuveen Amt-FR Muni CRDT | 0.69% | 1,423,011 | $17.0M | Reduce -4.7% |
| V Visa Inc. Class A | 0.68% | 47,284 | $16.8M | Add +2.4% |
| NUV Nuveen Municipal Value | 0.67% | 1,917,495 | $16.7M | Add +11.3% |
| HYGW iShares HY Corp. BD Buywr ETF | 0.67% | 542,741 | $16.6M | Add +9.0% |
| GOOGL Alphabet Inc. Class A | 0.64% | 90,332 | $15.9M | Add +3.3% |
| AAPL Apple Inc. | 0.60% | 72,008 | $14.8M | Add +1.9% |
| NXP Nuveen Select Tax-Free Inc. | 0.58% | 1,015,165 | $14.3M | Reduce -3.2% |
| JAAA Janus Henderson Aaa Clo ETF | 0.57% | 279,196 | $14.2M | Add +5.8% |
| META Meta Platforms Inc. Class A | 0.55% | 18,550 | $13.7M | Add +4.5% |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | 0.53% | 1,204,426 | $13.2M | Reduce -2.7% |
| MYI BlackRock Muniyield QLTY III | 0.53% | 1,253,715 | $13.2M | Add +17.7% |
| ADI Analog Devices Inc. | 0.50% | 51,977 | $12.4M | Add +3.0% |
| MHD BlackRock Muniholdings Fund | 0.49% | 1,088,165 | $12.2M | Reduce -1.5% |
| BSX Boston Scientific Corp. | 0.47% | 109,149 | $11.7M | Reduce -5.0% |
| LLY Eli Lilly & Co. | 0.47% | 15,010 | $11.7M | Add +6.6% |
| MQY BlackRock Muniyield Quality | 0.46% | 1,027,680 | $11.4M | Add +11.9% |
| PML PIMCO Municipal Income FD II | 0.43% | 1,435,345 | $10.7M | Reduce -1.4% |
| JPM JPMorgan Chase & Co. | 0.42% | 35,855 | $10.4M | Add +4.2% |
| PANW Palo Alto Networks Inc. | 0.41% | 49,437 | $10.1M | Add +3.9% |
| KLAC KLA Corp. | 0.40% | 11,148 | $10.0M | Reduce -6.3% |
| NAD Nuveen Quality Municipal Inc. | 0.40% | 873,528 | $9.9M | Reduce -8.4% |
| AMAT Applied Materials Inc. | 0.39% | 52,482 | $9.6M | Add +6.1% |
| MA Mastercard Inc. Class A | 0.38% | 16,552 | $9.3M | Add +0.4% |
| VMO Invesco Municipal Opport | 0.37% | 1,011,086 | $9.3M | Reduce -6.7% |
| TT Trane Technologies PLC | 0.36% | 20,557 | $9.0M | Reduce -5.2% |
| MCK McKesson Corp. | 0.36% | 12,220 | $9.0M | Reduce -2.7% |
| SRLN SS Blackstone Sr Loan ETF | 0.36% | 212,978 | $8.9M | Add +6.6% |
| NOW ServiceNow Inc. | 0.36% | 8,582 | $8.8M | Add +1.8% |
| WMT Walmart Inc. | 0.35% | 89,635 | $8.8M | Reduce -5.2% |
| MLN Vaneck Long Muni ETF | 0.35% | 511,844 | $8.6M | Reduce -2.0% |
| ISRG Intuitive Surgical Inc. | 0.35% | 15,845 | $8.6M | Add +2.9% |
| IDV iShares International Select | 0.35% | 249,460 | $8.6M | Add +173.4% |
| IIM Invesco Value Municipal Inco | 0.34% | 728,916 | $8.5M | Reduce -6.0% |
| EIM Eaton Vance Municipal Bond | 0.34% | 864,379 | $8.4M | Reduce -1.6% |
| BFK BlackRock Municipal Inc. TRST | 0.33% | 858,672 | $8.2M | Add +20.8% |
| BTT BlackRock 2030 Muni TRGT TRM | 0.33% | 375,301 | $8.2M | Add +0.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.32% | 27,125 | $8.0M | Add +6.8% |
| IGLB iShares 10+ Year Inv GR Corp. | 0.32% | 156,329 | $7.8M | Add +6.9% |
| LEO BNY Mellon Strategic Muni | 0.32% | 1,321,096 | $7.8M | Reduce -7.8% |
| NMZ Nuveen Muni Hi Inc. Opport | 0.31% | 751,630 | $7.8M | Reduce -1.5% |
| INTU Intuit Inc. | 0.31% | 9,845 | $7.8M | Add +4.5% |
| AXON Axon Enterprise Inc. | 0.31% | 9,364 | $7.8M | Add +8.3% |
| CSCO Cisco Systems Inc. | 0.30% | 107,371 | $7.4M | Reduce -8.6% |
| SPGI S&P Global Inc. | 0.30% | 14,039 | $7.4M | Reduce -0.5% |
| JEMB JH Em Debt Hard Currency ETF | 0.29% | 138,571 | $7.2M | New |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.29% | 131,581 | $7.2M | Add +8.9% |
| PWR Quanta Services Inc. | 0.29% | 18,847 | $7.1M | Add +6.4% |
| MMD Nylim Mackay Definedterm Mun filed as NYLI MACKAY DEFINEDTERM MUNI | 0.29% | 481,723 | $7.1M | Add +33.8% |
| VGLT Vanguard Long-Term Treasury | 0.27% | 120,067 | $6.7M | Add +10.2% |
| PG The Procter & Gamble Co. | 0.27% | 42,019 | $6.7M | Add +5.1% |
| BCSF Bain Capital Specialty Finan | 0.26% | 433,062 | $6.5M | Reduce -4.8% |
| WDI Western Asset Divers Inc. | 0.26% | 436,282 | $6.5M | Add +31.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.26% | 52,359 | $6.5M | Add +1.6% |
| CTAS Cintas Corp. | 0.26% | 28,904 | $6.4M | Reduce -14.8% |
| BMI Badger Meter Inc. | 0.26% | 26,185 | $6.4M | Add +0.6% |
| COST Costco Wholesale Corp. | 0.26% | 6,391 | $6.3M | Add +5.7% |
| IGIB iShares 5-10Y Inv Grade Corp. | 0.26% | 118,618 | $6.3M | Add +7.3% |
| MIRM Mirum Pharmaceuticals Inc. | 0.25% | 122,769 | $6.2M | Reduce -16.6% |
| MRK Merck & Co. Inc. | 0.24% | 75,932 | $6.0M | Add +6.5% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.24% | 11,791 | $6.0M | Add +3.6% |
| LMT Lockheed Martin Corp. | 0.24% | 12,923 | $6.0M | Add +36.7% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 0.24% | 58,328 | $6.0M | Add +1.5% |
| NCDL Nuveen Churchill Direct Lend | 0.24% | 368,064 | $6.0M | Add +23.9% |
| TRGP Targa Resources Corp. | 0.24% | 34,039 | $5.9M | Add +12.8% |
| FTNT Fortinet Inc. | 0.24% | 55,827 | $5.9M | Reduce -1.6% |
| GBDC Golub Capital BDC Inc. | 0.24% | 402,458 | $5.9M | Add +22.1% |
| ZLAB Zai Lab Ltd.-ADR | 0.24% | 168,090 | $5.9M | Reduce -10.5% |
| LRCX Lam Research Corp. | 0.24% | 60,071 | $5.8M | Add +5.0% |
| DSM BNYM Strat Muni BND filed as BNY MELLON STRATEGIC MUN BD | 0.24% | 1,042,686 | $5.8M | Reduce -8.1% |
| DASH DoorDash Inc. Class A | 0.23% | 23,600 | $5.8M | Add +2.2% |
| GE General Electric filed as GE AEROSPACE | 0.23% | 22,536 | $5.8M | Add +70.7% |
| XPMQX PIMCO Muni Income Fund III | 0.23% | 840,599 | $5.8M | Reduce -2.1% |
| ADX Adams Diversified Equity | 0.23% | 264,995 | $5.8M | Add +11.9% |
| QCOM Qualcomm Inc. | 0.23% | 35,865 | $5.7M | Add +5.5% |
| XOM Exxon Mobil Corp. | 0.23% | 52,930 | $5.7M | Add +4.0% |
| KO The Coca-Cola Co. | 0.23% | 80,632 | $5.7M | Reduce -2.1% |
| SGOV iShares 0-3 Month Treasury B | 0.23% | 56,091 | $5.6M | New |
| DELL Dell Technologies -C | 0.23% | 45,751 | $5.6M | Add +4.6% |
| CION Cion Investment Corp. | 0.23% | 585,434 | $5.6M | Add +5.4% |
| WM Waste Management Inc. | 0.22% | 24,340 | $5.6M | Add +4.7% |
| EOT Eaton Vance National Municip | 0.22% | 336,450 | $5.5M | Add +11.7% |
| IQI Invesco Quality Muni Inc. TR | 0.22% | 576,634 | $5.4M | Reduce -4.5% |
| SCHW Schwab (charles) Corp. | 0.22% | 59,035 | $5.4M | Add +1.8% |
Portfolio Sells Q1 2025 → Q2 2025
| PFFD Global X US Preferred ETF | Reduce -98.0% | 0.02% | −1.32 |
| IGEB iShares Investment Grade SYS | Reduce -29.8% | 1.46% | −0.80 |
| NVG Nuveen Amt-FR Muni CRDT | Reduce -4.7% | 0.69% | −0.14 |
| NZF Nuveen Municipal Credit Inc. | Reduce -4.5% | 0.74% | −0.13 |
| INSM Insmed Inc. | Sold out | 0.00% | −0.12 |
| AXSM Axsome Therapeutics Inc. | Reduce -15.8% | 0.21% | −0.10 |
| NXP Nuveen Select Tax-Free Inc. | Reduce -3.2% | 0.58% | −0.09 |
| PML PIMCO Municipal Income FD II | Reduce -1.4% | 0.43% | −0.09 |
| NAD Nuveen Quality Municipal Inc. | Reduce -8.4% | 0.40% | −0.09 |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | Reduce -2.7% | 0.53% | −0.09 |
| MHD BlackRock Muniholdings Fund | Reduce -1.5% | 0.49% | −0.08 |
| VMO Invesco Municipal Opport | Reduce -6.7% | 0.37% | −0.08 |
| RNAM Avidity Biosciences Inc. | Sold out | 0.00% | −0.08 |
| RYTM Rhythm Pharmaceuticals Inc. | Reduce -43.0% | 0.13% | −0.08 |
| JPC Nuveen Prefered & Income Opp | Reduce -22.6% | 0.18% | −0.08 |
| LEO BNY Mellon Strategic Muni | Reduce -7.8% | 0.32% | −0.07 |
| COP Conocophillips | Reduce -36.0% | 0.07% | −0.07 |
| BCSF Bain Capital Specialty Finan | Reduce -4.8% | 0.26% | −0.07 |
| IIM Invesco Value Municipal Inco | Reduce -6.0% | 0.34% | −0.07 |
| BBDC Barings BDC Inc. | Reduce -35.4% | 0.09% | −0.07 |
| PNNT Pennantpark Investment Corp. | Reduce -25.9% | 0.13% | −0.07 |
| HYEM Vaneck Emrg MKTS Hi YLD | Reduce -20.6% | 0.17% | −0.06 |
| ZLAB Zai Lab Ltd.-ADR | Reduce -10.5% | 0.24% | −0.06 |
| KRYS Krystal Biotech Inc. | Reduce -68.1% | 0.02% | −0.06 |
| MFIC Midcap Financial Investment | Reduce -28.0% | 0.11% | −0.06 |
| CVX Chevron Corp. | Reduce -1.2% | 0.21% | −0.06 |
| ABBV Abbvie Inc. | Reduce -5.5% | 0.20% | −0.06 |
| ARCC Ares Capital Corp. | Reduce -22.4% | 0.14% | −0.06 |
| MSI Motorola Solutions Inc. | Reduce -14.9% | 0.17% | −0.06 |
| ARDX Ardelyx Inc. | Reduce -7.3% | 0.12% | −0.06 |
| CSWC Capital Southwest Corp. | Reduce -38.5% | 0.07% | −0.06 |
| PTGX Protagonist Therapeutics Inc. | Sold out | 0.00% | −0.06 |
| DSM BNYM Strat Muni BND | Reduce -8.1% | 0.24% | −0.06 |
| NMZ Nuveen Muni Hi Inc. Opport | Reduce -1.5% | 0.31% | −0.06 |
| TMO Thermo Fisher Scientific Inc. | Reduce -17.9% | 0.09% | −0.06 |
| JNJ Johnson & Johnson | Reduce -6.2% | 0.20% | −0.06 |
| MLN Vaneck Long Muni ETF | Reduce -2.0% | 0.35% | −0.05 |
| TMUS T-Mobile US Inc. | Reduce -8.6% | 0.15% | −0.05 |
| EIM Eaton Vance Municipal Bond | Reduce -1.6% | 0.34% | −0.05 |
| JAZZ Jazz Pharmaceuticals PLC | Reduce -2.4% | 0.16% | −0.05 |
| CTAS Cintas Corp. | Reduce -14.8% | 0.26% | −0.05 |
| CRNX Crinetics Pharmaceuticals Inc. | Sold out | 0.00% | −0.05 |
| HTGC Hercules Capital Inc. | Reduce -58.4% | 0.03% | −0.05 |
| DMB BNY Mellon Muni BND Infra | Reduce -14.6% | 0.14% | −0.05 |
| TCPC BlackRock TCP Capital Corp. | Reduce -24.4% | 0.09% | −0.05 |
| AMGN Amgen Inc. | Reduce -21.8% | 0.08% | −0.04 |
| CRM Salesforce Inc. | Reduce -13.4% | 0.17% | −0.04 |
| MIRM Mirum Pharmaceuticals Inc. | Reduce -16.6% | 0.25% | −0.04 |
| KTF DWS Municipal Income Trust | Reduce -4.3% | 0.19% | −0.04 |
| TSLX Sixth Street Specialty Lendi | Reduce -38.5% | 0.06% | −0.04 |
Portfolio Buys Q1 2025 → Q2 2025
| PFF iShares Preferred & Income S | New | 0.87% | +0.87 |
| JSCP JPMorgan Short Duration Core | New | 0.72% | +0.72 |
| JEMB JH Em Debt Hard Currency ETF | New | 0.29% | +0.29 |
| NVDA Nvidia Corp. | Add +7.3% | 0.95% | +0.28 |
| SGOV iShares 0-3 Month Treasury B | New | 0.23% | +0.23 |
| IDV iShares International Select | Add +173.4% | 0.35% | +0.22 |
| MSFT Microsoft Corp. | Add +3.6% | 0.71% | +0.14 |
| GE General Electric | Add +70.7% | 0.23% | +0.12 |
| AMZN Amazon.com Inc. | Add +11.1% | 0.79% | +0.11 |
| AXON Axon Enterprise Inc. | Add +8.3% | 0.31% | +0.11 |
| CEG Constellation Energy | Add +175.4% | 0.15% | +0.11 |
| META Meta Platforms Inc. Class A | Add +4.5% | 0.55% | +0.10 |
| PWR Quanta Services Inc. | Add +6.4% | 0.29% | +0.09 |
| RKLB Rocket Lab Corp. | Add +17.8% | 0.16% | +0.09 |
| NDAQ Nasdaq Inc. | Add +42.1% | 0.21% | +0.07 |
| AMAT Applied Materials Inc. | Add +6.1% | 0.39% | +0.07 |
| AVAV Aerovironment Inc. | Add +64.1% | 0.09% | +0.07 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +3.6% | 0.24% | +0.06 |
| IVV iShares Core S&P 500 ETF | Add +1.2% | 4.08% | +0.06 |
| BLE BlackRock Muni Inc. TR II | Add +89.6% | 0.16% | +0.06 |
| EVN Eaton Vance Muni Inc. TR | Add +98.0% | 0.14% | +0.06 |
| NFLX Netflix Inc. | Add +41.0% | 0.13% | +0.06 |
| MUA BlackRock Muniassets Fund | Add +98.9% | 0.14% | +0.06 |
| NOW ServiceNow Inc. | Add +1.8% | 0.36% | +0.06 |
| INDV Indivior Ltd. | Add +38.3% | 0.12% | +0.06 |
| INTU Intuit Inc. | Add +4.5% | 0.31% | +0.06 |
| HWM Howmet Aerospace Inc. | Add +29.2% | 0.14% | +0.06 |
| ZS Zscaler Inc. | Add +4.8% | 0.17% | +0.06 |
| ORCL Oracle Corp. | Add +10.8% | 0.15% | +0.05 |
| LMT Lockheed Martin Corp. | Add +36.7% | 0.24% | +0.05 |
| XCEM Columbia Em Core Ex-China | Add +1.2% | 0.90% | +0.05 |
| GS Goldman Sachs Group Inc. | Add +39.3% | 0.14% | +0.05 |
| PMM Franklin Managed Municipal I | Add +95.7% | 0.12% | +0.05 |
| LRCX Lam Research Corp. | Add +5.0% | 0.24% | +0.05 |
| XBKNX BlackRock Invest QLTY Muni | Add +89.6% | 0.13% | +0.05 |
| XMYDX BlackRock Muniyield Fund | Add +89.6% | 0.13% | +0.05 |
| XMIOX Pioneer Muni High Inc. Opp | Add +89.4% | 0.12% | +0.05 |
| RCL Royal Caribbean Cruises Ltd. | Add +5.7% | 0.16% | +0.05 |
| VRT Vertiv Holdings Co. Class A | Add +10.3% | 0.11% | +0.05 |
| DELL Dell Technologies -C | Add +4.6% | 0.23% | +0.05 |
| WDI Western Asset Divers Inc. | Add +31.8% | 0.26% | +0.05 |
| XMVTX BlackRock Munivest Fund II | Add +89.6% | 0.12% | +0.05 |
| PANW Palo Alto Networks Inc. | Add +3.9% | 0.41% | +0.05 |
| DASH DoorDash Inc. Class A | Add +2.2% | 0.23% | +0.05 |
| ADI Analog Devices Inc. | Add +3.0% | 0.50% | +0.05 |
| XMVFX BlackRock Munivest Fund | Add +84.0% | 0.13% | +0.05 |
| MMD Nylim Mackay Definedterm Mun | Add +33.8% | 0.29% | +0.05 |
| KTOS Kratos Defense & Security | Add +36.6% | 0.10% | +0.05 |
| OIA Invesco Municipal Income Opp | Add +89.5% | 0.12% | +0.05 |
| ETO Eaton Vance T/A GLBL DVD Opp | Add +100.4% | 0.09% | +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 |