Hennion & Walsh Asset Management, Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 22, 2025), Hennion & Walsh Asset Management, Inc. reported 937 stock positions worth $2.8 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 Wisdomtree DY Inter Eq FD-US (DDWM, 1.8%). Compared with Q2 2025, it opened 67 new positions, sold out of 45, added to 449 and reduced 409. The biggest buy was a new position in iShares US Smallcap Equity F (SMLF) and the biggest sale Invesco S&P 500 Equal Weight (RSP, shares −36%).
- Most Recent 13F
- Q2 2026
- Location
- Parsippany, NJ
- CIK
- 0001861642
- Portfolio Value
- $2.8B (Q3 2025)
- SEC Filing
- 0002000324-25-003954 ↗ filed Oct 22, 2025
Holdings Value
Holdings 937 stocks · $2.8B
| IVV iShares Core S&P 500 ETF | 4.01% | 165,607 | $110.8M | Add +1.8% |
| GSLC Goldman Activebeta US LC ETF | 2.47% | 523,702 | $68.2M | Add +2.1% |
| DDWM Wisdomtree DY Inter Eq FD-US | 1.85% | 1,221,360 | $51.1M | Add +3.5% |
| GSIE Goldman Sachs Activebeta Int | 1.84% | 1,237,288 | $50.9M | Add +58.5% |
| ISPY Proshares S&P High Incom ETF | 1.52% | 927,830 | $41.9M | Add +7.5% |
| VTV Vanguard Mrngstr Val ETF-Aui | 1.48% | 218,439 | $40.7M | Reduce -28.7% |
| IGEB iShares Investment Grade SYS | 1.41% | 845,181 | $38.9M | Add +6.4% |
| RSP Invesco S&P 500 Equal Weight | 1.17% | 170,829 | $32.4M | Reduce -36.0% |
| NVDA Nvidia Corp. | 1.03% | 151,768 | $28.3M | Add +2.2% |
| AVGO Broadcom Inc. | 0.93% | 77,825 | $25.7M | Reduce -3.2% |
| XCEM Columbia Em Core Ex-China | 0.88% | 666,899 | $24.2M | Add +2.7% |
| PFF iShares Preferred & Income S | 0.85% | 745,594 | $23.6M | Add +6.5% |
| PML PIMCO Municipal Income FD II | 0.83% | 2,894,894 | $22.9M | Add +101.7% |
| GOOGL Alphabet Inc. Class A | 0.82% | 92,644 | $22.5M | Add +2.6% |
| NUV Nuveen Municipal Value | 0.77% | 2,368,391 | $21.3M | Add +23.5% |
| SMLF iShares US Smallcap Equity F | 0.74% | 275,578 | $20.5M | New |
| VRNA Verona Pharma Ltd. | 0.72% | 185,819 | $19.8M | Reduce -6.4% |
| NZF Nuveen Municipal Credit Inc. | 0.72% | 1,576,514 | $19.8M | Add +3.2% |
| AMZN Amazon.com Inc. | 0.71% | 89,218 | $19.6M | Add +0.2% |
| AAPL Apple Inc. | 0.69% | 74,525 | $19.0M | Add +3.5% |
| JSCP JPMorgan Short Duration Core | 0.68% | 392,511 | $18.7M | Add +4.7% |
| HYGW iShares HY Corp. BD Buywr ETF | 0.66% | 604,235 | $18.4M | Add +11.3% |
| MSFT Microsoft Corp. | 0.66% | 35,417 | $18.3M | Reduce -0.2% |
| NVG Nuveen Amt-FR Muni CRDT | 0.65% | 1,466,530 | $18.0M | Add +3.1% |
| MYI BlackRock Muniyield QLTY III | 0.62% | 1,541,283 | $17.1M | Add +22.9% |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | 0.61% | 1,483,998 | $16.9M | Add +23.2% |
| V Visa Inc. Class A | 0.60% | 48,291 | $16.5M | Add +2.1% |
| META Meta Platforms Inc. Class A | 0.50% | 18,688 | $13.7M | Add +0.7% |
| ADI Analog Devices Inc. | 0.48% | 54,244 | $13.3M | Add +4.4% |
| NXP Nuveen Select Tax-Free Inc. | 0.48% | 920,567 | $13.3M | Reduce -9.3% |
| KLAC KLA Corp. | 0.48% | 12,212 | $13.2M | Add +9.5% |
| MHD BlackRock Muniholdings Fund | 0.46% | 1,086,706 | $12.8M | Reduce -0.1% |
| EIM Eaton Vance Municipal Bond | 0.45% | 1,243,535 | $12.4M | Add +43.9% |
| MQY BlackRock Muniyield Quality | 0.45% | 1,057,595 | $12.3M | Add +2.9% |
| JPM JPMorgan Chase & Co. | 0.44% | 38,517 | $12.1M | Add +7.4% |
| AMAT Applied Materials Inc. | 0.42% | 56,637 | $11.6M | Add +7.9% |
| BTT BlackRock 2030 Muni TRGT TRM | 0.42% | 510,885 | $11.5M | Add +36.1% |
| LLY Eli Lilly & Co. | 0.40% | 14,485 | $11.1M | Reduce -3.5% |
| PANW Palo Alto Networks Inc. | 0.40% | 54,185 | $11.0M | Add +9.6% |
| MMD Nylim Mackay Definedterm Mun filed as NYLI MACKAY DEFINEDTERM MUNI | 0.38% | 700,522 | $10.6M | Add +45.4% |
| BSX Boston Scientific Corp. | 0.38% | 107,710 | $10.5M | Reduce -1.3% |
| IIM Invesco Value Municipal Inco | 0.38% | 827,675 | $10.4M | Add +13.6% |
| JAAA Janus Henderson Aaa Clo ETF | 0.36% | 195,399 | $9.9M | Reduce -30.0% |
| IDV iShares International Select | 0.36% | 270,089 | $9.9M | Add +8.3% |
| XPCQX PIMCO California Muni Inc. FD | 0.33% | 1,060,098 | $9.2M | Add +39.2% |
| EVMO Eaton Vance Mortgage Opp ETF | 0.33% | 180,822 | $9.1M | New |
| MLN Vaneck Long Muni ETF | 0.33% | 522,259 | $9.1M | Add +2.0% |
| VMO Invesco Municipal Opport | 0.33% | 940,653 | $9.1M | Reduce -7.0% |
| TT Trane Technologies PLC | 0.33% | 21,513 | $9.1M | Add +4.7% |
| LRCX Lam Research Corp. | 0.33% | 67,463 | $9.0M | Add +12.3% |
| WMT Walmart Inc. | 0.33% | 87,321 | $9.0M | Reduce -2.6% |
| EVN Eaton Vance Muni Inc. TR | 0.32% | 807,458 | $8.9M | Add +138.0% |
| BFK BlackRock Municipal Inc. TRST | 0.32% | 882,479 | $8.9M | Add +2.8% |
| GE General Electric filed as GE AEROSPACE | 0.32% | 29,473 | $8.9M | Add +30.8% |
| MA Mastercard Inc. Class A | 0.32% | 15,581 | $8.9M | Reduce -5.9% |
| AXON Axon Enterprise Inc. | 0.31% | 11,879 | $8.5M | Add +26.9% |
| MIRM Mirum Pharmaceuticals Inc. | 0.31% | 115,854 | $8.5M | Reduce -5.6% |
| NOW ServiceNow Inc. | 0.31% | 9,213 | $8.5M | Add +7.3% |
| CELC Celcuity Inc. | 0.31% | 171,354 | $8.5M | Reduce -1.8% |
| MUA BlackRock Muniassets Fund | 0.30% | 752,019 | $8.3M | Add +129.2% |
| IQI Invesco Quality Muni Inc. TR | 0.30% | 845,114 | $8.3M | Add +46.6% |
| PWR Quanta Services Inc. | 0.30% | 19,938 | $8.3M | Add +5.8% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.30% | 142,533 | $8.2M | Add +8.3% |
| JEMB JH Em Debt Hard Currency ETF | 0.29% | 150,505 | $8.0M | Add +8.6% |
| MCK McKesson Corp. | 0.29% | 10,256 | $7.9M | Reduce -16.1% |
| ANET Arista Networks Inc. | 0.28% | 53,963 | $7.9M | Add +42.9% |
| NMZ Nuveen Muni Hi Inc. Opport | 0.28% | 724,220 | $7.7M | Reduce -3.6% |
| IGLB iShares 10+ Year Inv GR Corp. | 0.28% | 148,196 | $7.6M | Reduce -5.2% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.27% | 51,857 | $7.5M | Reduce -1.0% |
| VGLT Vanguard Long-Term Treasury | 0.27% | 131,279 | $7.5M | Add +9.3% |
| LMT Lockheed Martin Corp. | 0.27% | 14,808 | $7.4M | Add +14.6% |
| COST Costco Wholesale Corp. | 0.26% | 7,895 | $7.3M | Add +23.5% |
| SPGI S&P Global Inc. | 0.26% | 14,890 | $7.2M | Add +6.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.26% | 25,591 | $7.2M | Reduce -5.7% |
| JNJ Johnson & Johnson | 0.26% | 38,754 | $7.2M | Add +19.1% |
| SRLN SS Blackstone Sr Loan ETF | 0.25% | 166,417 | $6.9M | Reduce -21.9% |
| ORCL Oracle Corp. | 0.25% | 24,466 | $6.9M | Add +44.6% |
| INTU Intuit Inc. | 0.25% | 10,026 | $6.8M | Add +1.8% |
| NAD Nuveen Quality Municipal Inc. | 0.25% | 582,930 | $6.8M | Reduce -33.3% |
| WDI Western Asset Divers Inc. | 0.24% | 458,916 | $6.8M | Add +5.2% |
| WM Waste Management Inc. | 0.24% | 29,927 | $6.6M | Add +22.9% |
| TRGP Targa Resources Corp. | 0.24% | 39,438 | $6.6M | Add +15.9% |
| PG The Procter & Gamble Co. | 0.24% | 42,862 | $6.6M | Add +2.0% |
| IGIB iShares 5-10Y Inv Grade Corp. | 0.23% | 119,447 | $6.5M | Add +0.7% |
| TEVA Teva Pharmaceutical-SP ADR | 0.23% | 319,023 | $6.4M | Reduce -0.1% |
| DASH DoorDash Inc. Class A | 0.23% | 23,473 | $6.4M | Reduce -0.5% |
| ABBV Abbvie Inc. | 0.23% | 27,397 | $6.3M | Add +2.6% |
| RKLB Rocket Lab Corp. | 0.23% | 131,514 | $6.3M | Add +17.0% |
| ADX Adams Diversified Equity | 0.23% | 278,765 | $6.2M | Add +5.2% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.22% | 12,623 | $6.2M | Add +7.1% |
| QCOM Qualcomm Inc. | 0.22% | 37,082 | $6.2M | Add +3.4% |
| MRK Merck & Co. Inc. | 0.22% | 73,477 | $6.2M | Reduce -3.2% |
| AFB Allianceberstein NTL Muni | 0.22% | 563,217 | $6.1M | Add +52.5% |
| ISRG Intuitive Surgical Inc. | 0.22% | 13,638 | $6.1M | Reduce -13.9% |
| KTOS Kratos Defense & Security | 0.22% | 66,387 | $6.1M | Add +30.6% |
| BYM BlackRock Muni Inc. QLTY | 0.22% | 551,661 | $6.0M | Add +65.8% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 0.22% | 59,217 | $6.0M | Add +1.5% |
| NDAQ Nasdaq Inc. | 0.22% | 67,426 | $6.0M | Add +17.8% |
| GBDC Golub Capital BDC Inc. | 0.21% | 432,514 | $5.9M | Add +7.5% |
| CSCO Cisco Systems Inc. | 0.21% | 86,504 | $5.9M | Reduce -19.4% |
Portfolio Sells Q2 2025 → Q3 2025
| RSP Invesco S&P 500 Equal Weight | Reduce -36.0% | 1.17% | −0.78 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -28.7% | 1.48% | −0.71 |
| XPMQX PIMCO Muni Income Fund III | Sold out | 0.00% | −0.23 |
| JAAA Janus Henderson Aaa Clo ETF | Reduce -30.0% | 0.36% | −0.21 |
| XPMAX Pioneer Municipal High Inc. | Sold out | 0.00% | −0.18 |
| XMHIX Pioneer Muni High Inc. TR | Sold out | 0.00% | −0.17 |
| XPMFX PIMCO Municipal Income Fund | Sold out | 0.00% | −0.16 |
| NAD Nuveen Quality Municipal Inc. | Reduce -33.3% | 0.25% | −0.15 |
| LEO BNY Mellon Strategic Muni | Reduce -41.2% | 0.18% | −0.14 |
| ISRG Intuitive Surgical Inc. | Reduce -13.9% | 0.22% | −0.13 |
| XMIOX Pioneer Muni High Inc. Opp | Sold out | 0.00% | −0.12 |
| DMB BNY Mellon Muni BND Infra | Reduce -77.1% | 0.03% | −0.11 |
| XPZCX PIMCO California Muni FD III | Sold out | 0.00% | −0.11 |
| SRLN SS Blackstone Sr Loan ETF | Reduce -21.9% | 0.25% | −0.11 |
| BMI Badger Meter Inc. | Reduce -8.5% | 0.15% | −0.10 |
| DSM BNYM Strat Muni BND | Reduce -39.7% | 0.13% | −0.10 |
| NXP Nuveen Select Tax-Free Inc. | Reduce -9.3% | 0.48% | −0.09 |
| BSX Boston Scientific Corp. | Reduce -1.3% | 0.38% | −0.09 |
| CSCO Cisco Systems Inc. | Reduce -19.4% | 0.21% | −0.09 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -40.3% | 0.09% | −0.08 |
| SKX Skechers USA Inc. Class A | Sold out | 0.00% | −0.08 |
| FTNT Fortinet Inc. | Reduce -3.9% | 0.16% | −0.07 |
| MCK McKesson Corp. | Reduce -16.1% | 0.29% | −0.07 |
| TW Tradeweb Markets Inc. Class A | Reduce -15.1% | 0.10% | −0.07 |
| LLY Eli Lilly & Co. | Reduce -3.5% | 0.40% | −0.07 |
| MFM Aberdeen Municipal Income | Reduce -36.0% | 0.10% | −0.07 |
| IBM Intl Business Machines Corp. | Reduce -5.7% | 0.26% | −0.06 |
| ODFL Old Dominion Freight Line | Reduce -41.9% | 0.05% | −0.06 |
| VNOM Viper Energy Inc. | Sold out | 0.00% | −0.06 |
| CXE MFS High Income Municipal TR | Reduce -61.8% | 0.03% | −0.06 |
| MA Mastercard Inc. Class A | Reduce -5.9% | 0.32% | −0.05 |
| XCMUX MFS High Yield Municipal TR | Sold out | 0.00% | −0.05 |
| PNNT Pennantpark Investment Corp. | Reduce -32.9% | 0.08% | −0.05 |
| MCO Moody's Corp. | Reduce -20.3% | 0.11% | −0.05 |
| ADBE Adobe Inc. | Reduce -11.1% | 0.13% | −0.05 |
| TXN Texas Instruments Inc. | Reduce -22.7% | 0.08% | −0.05 |
| ADSK Autodesk Inc. | Reduce -36.4% | 0.07% | −0.05 |
| SAR Saratoga Investment Corp. | Reduce -13.7% | 0.16% | −0.05 |
| ARCC Ares Capital Corp. | Reduce -22.1% | 0.09% | −0.05 |
| CION Cion Investment Corp. | Reduce -11.9% | 0.18% | −0.05 |
| BCSF Bain Capital Specialty Finan | Reduce -4.1% | 0.21% | −0.05 |
| MAR Marriott International Class A | Reduce -14.8% | 0.13% | −0.05 |
| CTAS Cintas Corp. | Reduce -1.4% | 0.21% | −0.05 |
| MSFT Microsoft Corp. | Reduce -0.2% | 0.66% | −0.05 |
| MCHP Microchip Technology Inc. | Reduce -50.0% | 0.03% | −0.05 |
| TCPC BlackRock TCP Capital Corp. | Reduce -31.1% | 0.04% | −0.05 |
| VMO Invesco Municipal Opport | Reduce -7.0% | 0.33% | −0.05 |
| XPNFX PIMCO New York Muni Inc. FD | Sold out | 0.00% | −0.04 |
| PM Philip Morris International | Reduce -0.6% | 0.17% | −0.04 |
| MFIC Midcap Financial Investment | Reduce -25.2% | 0.07% | −0.04 |
Portfolio Buys Q2 2025 → Q3 2025
| SMLF iShares US Smallcap Equity F | New | 0.74% | +0.74 |
| GSIE Goldman Sachs Activebeta Int | Add +58.5% | 1.84% | +0.59 |
| PML PIMCO Municipal Income FD II | Add +101.7% | 0.83% | +0.40 |
| EVMO Eaton Vance Mortgage Opp ETF | New | 0.33% | +0.33 |
| EVN Eaton Vance Muni Inc. TR | Add +138.0% | 0.32% | +0.18 |
| GOOGL Alphabet Inc. Class A | Add +2.6% | 0.82% | +0.17 |
| MUA BlackRock Muniassets Fund | Add +129.2% | 0.30% | +0.16 |
| MMU Western Asset Managed Munici | New | 0.14% | +0.14 |
| ANET Arista Networks Inc. | Add +42.9% | 0.28% | +0.13 |
| KTOS Kratos Defense & Security | Add +30.6% | 0.22% | +0.12 |
| EIM Eaton Vance Municipal Bond | Add +43.9% | 0.45% | +0.11 |
| ORCL Oracle Corp. | Add +44.6% | 0.25% | +0.10 |
| NUV Nuveen Municipal Value | Add +23.5% | 0.77% | +0.10 |
| MMD Nylim Mackay Definedterm Mun | Add +45.4% | 0.38% | +0.10 |
| QURE Uniqure NV | Add +70.0% | 0.11% | +0.09 |
| LRCX Lam Research Corp. | Add +12.3% | 0.33% | +0.09 |
| AAPL Apple Inc. | Add +3.5% | 0.69% | +0.09 |
| MYI BlackRock Muniyield QLTY III | Add +22.9% | 0.62% | +0.09 |
| GE General Electric | Add +30.8% | 0.32% | +0.09 |
| BTT BlackRock 2030 Muni TRGT TRM | Add +36.1% | 0.42% | +0.08 |
| IQI Invesco Quality Muni Inc. TR | Add +46.6% | 0.30% | +0.08 |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | Add +23.2% | 0.61% | +0.08 |
| GD General Dynamics Corp. | Add +76.9% | 0.17% | +0.08 |
| XPCQX PIMCO California Muni Inc. FD | Add +39.2% | 0.33% | +0.08 |
| NVDA Nvidia Corp. | Add +2.2% | 1.03% | +0.08 |
| BYM BlackRock Muni Inc. QLTY | Add +65.8% | 0.22% | +0.08 |
| LSCC Lattice Semiconductor Corp. | Add +33.8% | 0.17% | +0.08 |
| INDV Indivior Ltd. | Add +12.4% | 0.19% | +0.08 |
| KLAC KLA Corp. | Add +9.5% | 0.48% | +0.07 |
| AFB Allianceberstein NTL Muni | Add +52.5% | 0.22% | +0.07 |
| PNI PIMCO NY Muni Inc. II FND | Add +189.7% | 0.11% | +0.07 |
| RKLB Rocket Lab Corp. | Add +17.0% | 0.23% | +0.07 |
| JNJ Johnson & Johnson | Add +19.1% | 0.26% | +0.06 |
| TATT Tat Technologies Ltd. | Add +225.8% | 0.08% | +0.06 |
| MDGL Madrigal Pharmaceuticals Inc. | Add +1.4% | 0.21% | +0.06 |
| MLYS Mineralys Therapeutics Inc. | Add +70.0% | 0.07% | +0.06 |
| SUPN Supernus Pharmaceuticals Inc. | Add +7.3% | 0.18% | +0.06 |
| NOC Northrop Grumman Corp. | Add +23.2% | 0.21% | +0.05 |
| LHX L3HARRIS Technologies Inc. | Add +48.2% | 0.14% | +0.05 |
| VNOM Viper Energy Inc. Class A | New | 0.05% | +0.05 |
| NMCO Nuveen Municipal Credit Opp | New | 0.05% | +0.05 |
| OKLO Oklo Inc. | Add +60.1% | 0.08% | +0.05 |
| NEE Nextera Energy Inc. | Add +33.9% | 0.21% | +0.05 |
| LEU Centrus Energy Corp. Class A | Add +51.7% | 0.09% | +0.05 |
| FIX Comfort Systems USA Inc. | Add +31.8% | 0.11% | +0.05 |
| ETNB 89BIO Inc. | Add +17.2% | 0.13% | +0.05 |
| MU Micron Technology Inc. | Add +31.7% | 0.13% | +0.05 |
| P Everpure Inc. Class A | Add +23.9% | 0.12% | +0.05 |
| RMBS Rambus Inc. | Add +25.2% | 0.10% | +0.05 |
| VVX V2X Inc. | Add +53.1% | 0.11% | +0.04 |
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 |