Hennion & Walsh Asset Management, Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 14, 2026), Hennion & Walsh Asset Management, Inc. reported 926 stock positions worth $2.9 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, 2.4%) and Goldman Sachs Activebeta Int (GSIE, 1.9%). Compared with Q3 2025, it opened 70 new positions, sold out of 80, added to 442 and reduced 400. The biggest buy was Celcuity (CELC, shares +11%) and the biggest sale an exit from Verona Pharma (VRNA).
- Most Recent 13F
- Q2 2026
- Location
- Parsippany, NJ
- CIK
- 0001861642
- Portfolio Value
- $2.9B (Q4 2025)
- SEC Filing
- 0002000324-26-000109 ↗ filed Jan 14, 2026
Holdings Value
Holdings 926 stocks · $2.9B
| IVV iShares Core S&P 500 ETF | 4.05% | 171,258 | $117.3M | Add +3.4% |
| GSLC Goldman Activebeta US LC ETF | 2.43% | 532,053 | $70.4M | Add +1.6% |
| GSIE Goldman Sachs Activebeta Int | 1.90% | 1,284,447 | $55.2M | Add +3.8% |
| DDWM Wisdomtree DY Inter Eq FD-US | 1.89% | 1,259,777 | $54.9M | Add +3.1% |
| ISPY Proshares S&P High Incom ETF | 1.54% | 977,889 | $44.6M | Add +5.4% |
| VTV Vanguard Mrngstr Val ETF-Aui | 1.51% | 229,528 | $43.8M | Add +5.1% |
| IGEB iShares Investment Grade SYS | 1.40% | 890,865 | $40.7M | Add +5.4% |
| RSP Invesco S&P 500 Equal Weight | 1.19% | 180,480 | $34.6M | Add +5.7% |
| GOOGL Alphabet Inc. Class A | 1.06% | 98,395 | $30.8M | Add +6.2% |
| NVDA Nvidia Corp. | 0.99% | 153,307 | $28.6M | Add +1.0% |
| XCEM Columbia Em Core Ex-China | 0.88% | 668,209 | $25.6M | Add +0.2% |
| AVGO Broadcom Inc. | 0.85% | 71,240 | $24.7M | Reduce -8.5% |
| PFF iShares Preferred & Income S | 0.84% | 789,794 | $24.5M | Add +5.9% |
| AMZN Amazon.com Inc. | 0.75% | 94,605 | $21.8M | Add +6.0% |
| SMLF iShares US Smallcap Equity F | 0.75% | 289,911 | $21.7M | Add +5.2% |
| PML PIMCO Municipal Income FD II | 0.73% | 2,816,024 | $21.2M | Reduce -2.7% |
| NUV Nuveen Municipal Value | 0.73% | 2,341,462 | $21.2M | Reduce -1.1% |
| AAPL Apple Inc. | 0.72% | 77,037 | $20.9M | Add +3.4% |
| NVG Nuveen Amt-FR Muni CRDT | 0.72% | 1,649,211 | $20.9M | Add +12.5% |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | 0.71% | 1,773,541 | $20.6M | Add +19.5% |
| JSCP JPMorgan Short Duration Core | 0.67% | 408,925 | $19.4M | Add +4.2% |
| HYGW iShares HY Corp. BD Buywr ETF | 0.66% | 643,866 | $19.2M | Add +6.6% |
| CELC Celcuity Inc. | 0.66% | 190,933 | $19.0M | Add +11.4% |
| MSFT Microsoft Corp. | 0.60% | 36,258 | $17.5M | Add +2.4% |
| V Visa Inc. Class A | 0.59% | 49,000 | $17.2M | Add +1.5% |
| MYI BlackRock Muniyield QLTY III | 0.58% | 1,554,195 | $16.9M | Add +0.8% |
| NZF Nuveen Municipal Credit Inc. | 0.58% | 1,327,751 | $16.7M | Reduce -15.8% |
| MQY BlackRock Muniyield Quality | 0.56% | 1,428,403 | $16.1M | Add +35.1% |
| ADI Analog Devices Inc. | 0.54% | 57,927 | $15.7M | Add +6.8% |
| AMAT Applied Materials Inc. | 0.52% | 58,821 | $15.1M | Add +3.9% |
| LLY Eli Lilly & Co. | 0.52% | 14,055 | $15.1M | Reduce -3.0% |
| KLAC KLA Corp. | 0.48% | 11,537 | $14.0M | Reduce -5.5% |
| JPM JPMorgan Chase & Co. | 0.46% | 41,479 | $13.4M | Add +7.7% |
| META Meta Platforms Inc. Class A | 0.45% | 19,595 | $12.9M | Add +4.8% |
| EIM Eaton Vance Municipal Bond | 0.44% | 1,312,796 | $12.8M | Add +5.6% |
| BTT BlackRock 2030 Muni TRGT TRM | 0.43% | 542,733 | $12.4M | Add +6.2% |
| LRCX Lam Research Corp. | 0.42% | 71,213 | $12.2M | Add +5.6% |
| NXP Nuveen Select Tax-Free Inc. | 0.41% | 852,505 | $12.0M | Reduce -7.4% |
| COGT Cogent Biosciences Inc. | 0.41% | 338,065 | $12.0M | Add +12.6% |
| GE General Electric filed as GE AEROSPACE | 0.41% | 38,568 | $11.9M | Add +30.9% |
| NMZ Nuveen Muni Hi Inc. Opport | 0.40% | 1,140,557 | $11.6M | Add +57.5% |
| INDV Indivior Ltd. | 0.39% | 317,600 | $11.4M | Add +43.4% |
| IDV iShares International Select | 0.39% | 284,815 | $11.2M | Add +5.5% |
| MHD BlackRock Muniholdings Fund | 0.39% | 956,725 | $11.2M | Reduce -12.0% |
| OLMA Olema Pharmaceuticals Inc. | 0.39% | 447,046 | $11.2M | Add +83.2% |
| MMD Nylim Mackay Definedterm Mun filed as NYLI MACKAY DEFINEDTERM MUNI | 0.38% | 739,494 | $11.0M | Add +5.6% |
| TEVA Teva Pharmaceutical-SP ADR | 0.37% | 341,985 | $10.7M | Add +7.2% |
| MUA BlackRock Muniassets Fund | 0.36% | 976,962 | $10.5M | Add +29.9% |
| PANW Palo Alto Networks Inc. | 0.36% | 56,677 | $10.4M | Add +4.6% |
| JAAA Janus Henderson Aaa Clo ETF | 0.36% | 205,807 | $10.4M | Add +5.3% |
| EVN Eaton Vance Muni Inc. TR | 0.35% | 948,250 | $10.2M | Add +17.4% |
| WMT Walmart Inc. | 0.34% | 89,346 | $10.0M | Add +2.3% |
| BSX Boston Scientific Corp. | 0.34% | 103,589 | $9.9M | Reduce -3.8% |
| EVMO Eaton Vance Mortgage Opp ETF | 0.33% | 191,093 | $9.7M | Add +5.7% |
| MLN Vaneck Long Muni ETF | 0.31% | 517,024 | $9.1M | Reduce -1.0% |
| MA Mastercard Inc. Class A | 0.31% | 15,713 | $9.0M | Add +0.8% |
| IQI Invesco Quality Muni Inc. TR | 0.31% | 899,854 | $9.0M | Add +6.5% |
| PWR Quanta Services Inc. | 0.30% | 20,926 | $8.8M | Add +5.0% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.30% | 150,302 | $8.7M | Add +5.5% |
| JEMB JH Em Debt Hard Currency ETF | 0.30% | 159,664 | $8.6M | Add +6.1% |
| JNJ Johnson & Johnson | 0.29% | 41,136 | $8.5M | Add +6.2% |
| NAD Nuveen Quality Municipal Inc. | 0.29% | 694,714 | $8.4M | Add +19.2% |
| MRK Merck & Co. Inc. | 0.29% | 78,846 | $8.3M | Add +7.3% |
| BFK BlackRock Municipal Inc. TRST | 0.28% | 823,645 | $8.3M | Reduce -6.7% |
| JAZZ Jazz Pharmaceuticals PLC | 0.28% | 47,535 | $8.1M | Add +25.5% |
| SPGI S&P Global Inc. | 0.28% | 15,315 | $8.0M | Add +2.9% |
| MCK McKesson Corp. | 0.27% | 9,623 | $7.9M | Reduce -6.2% |
| NDAQ Nasdaq Inc. | 0.27% | 80,874 | $7.9M | Add +19.9% |
| IGLB iShares 10+ Year Inv GR Corp. | 0.27% | 155,186 | $7.8M | Add +4.7% |
| IIM Invesco Value Municipal Inco | 0.27% | 634,555 | $7.8M | Reduce -23.3% |
| ANET Arista Networks Inc. | 0.27% | 59,428 | $7.8M | Add +10.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.27% | 50,594 | $7.8M | Reduce -2.4% |
| MIRM Mirum Pharmaceuticals Inc. | 0.27% | 98,294 | $7.8M | Reduce -15.2% |
| NEE Nextera Energy Inc. | 0.27% | 96,255 | $7.7M | Add +23.9% |
| VGLT Vanguard Long-Term Treasury | 0.27% | 137,708 | $7.7M | Add +4.9% |
| TT Trane Technologies PLC | 0.26% | 19,505 | $7.6M | Reduce -9.3% |
| LMT Lockheed Martin Corp. | 0.26% | 15,683 | $7.6M | Add +5.9% |
| ISRG Intuitive Surgical Inc. | 0.26% | 13,379 | $7.6M | Reduce -1.9% |
| CEG Constellation Energy | 0.26% | 21,311 | $7.5M | Add +38.3% |
| NOW ServiceNow Inc. | 0.26% | 48,726 | $7.5M | Add +5.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.25% | 24,905 | $7.4M | Reduce -2.7% |
| SRLN SS Blackstone Sr Loan ETF | 0.25% | 178,724 | $7.4M | Add +7.4% |
| COST Costco Wholesale Corp. | 0.25% | 8,447 | $7.3M | Add +7.0% |
| AXSM Axsome Therapeutics Inc. | 0.24% | 38,386 | $7.0M | Reduce -18.2% |
| XPCQX PIMCO California Muni Inc. FD | 0.24% | 790,738 | $6.9M | Reduce -25.4% |
| MU Micron Technology Inc. | 0.23% | 23,743 | $6.8M | Add +13.8% |
| IGIB iShares 5-10Y Inv Grade Corp. | 0.23% | 124,779 | $6.7M | Add +4.5% |
| ADX Adams Diversified Equity | 0.23% | 288,014 | $6.7M | Add +3.3% |
| WM Waste Management Inc. | 0.23% | 30,396 | $6.7M | Add +1.6% |
| BYM BlackRock Muni Inc. QLTY | 0.23% | 609,603 | $6.7M | Add +10.5% |
| TRGP Targa Resources Corp. | 0.23% | 35,846 | $6.6M | Reduce -9.1% |
| AFB Allianceberstein NTL Muni | 0.23% | 609,785 | $6.6M | Add +8.3% |
| NOC Northrop Grumman Corp. | 0.22% | 11,406 | $6.5M | Add +19.9% |
| CSCO Cisco Systems Inc. | 0.22% | 84,021 | $6.5M | Reduce -2.9% |
| NCDL Nuveen Churchill Direct Lend | 0.22% | 479,357 | $6.4M | Add +14.5% |
| PG The Procter & Gamble Co. | 0.22% | 44,592 | $6.4M | Add +4.0% |
| OIA Invesco Municipal Income Opp | 0.22% | 1,057,088 | $6.4M | Add +88.4% |
| PMM Franklin Managed Municipal I | 0.22% | 1,009,350 | $6.3M | Add +78.7% |
| AXON Axon Enterprise Inc. | 0.22% | 11,067 | $6.3M | Reduce -6.8% |
| SCHW Schwab (charles) Corp. | 0.22% | 62,835 | $6.3M | Add +2.4% |
Portfolio Sells Q3 2025 → Q4 2025
| VRNA Verona Pharma Ltd. | Sold out | 0.00% | −0.72 |
| NZF Nuveen Municipal Credit Inc. | Reduce -15.8% | 0.58% | −0.14 |
| ETNB 89BIO Inc. | Sold out | 0.00% | −0.13 |
| VMO Invesco Municipal Opport | Reduce -34.8% | 0.20% | −0.13 |
| RYTM Rhythm Pharmaceuticals Inc. | Reduce -75.6% | 0.04% | −0.12 |
| VKI Invesco Adv Muni Inc. TR II | Reduce -55.3% | 0.08% | −0.11 |
| IIM Invesco Value Municipal Inco | Reduce -23.3% | 0.27% | −0.11 |
| PNI PIMCO NY Muni Inc. II FND | Sold out | 0.00% | −0.11 |
| TGTX TG Therapeutics Inc. | Sold out | 0.00% | −0.10 |
| PML PIMCO Municipal Income FD II | Reduce -2.7% | 0.73% | −0.10 |
| XPCQX PIMCO California Muni Inc. FD | Reduce -25.4% | 0.24% | −0.10 |
| AXON Axon Enterprise Inc. | Reduce -6.8% | 0.22% | −0.09 |
| LEO BNY Mellon Strategic Muni | Reduce -49.3% | 0.09% | −0.09 |
| XEVMX Eaton Vance Cal Muni Bond | Sold out | 0.00% | −0.08 |
| AVGO Broadcom Inc. | Reduce -8.5% | 0.85% | −0.08 |
| K Kellanova | Sold out | 0.00% | −0.08 |
| MHD BlackRock Muniholdings Fund | Reduce -12.0% | 0.39% | −0.07 |
| CTAS Cintas Corp. | Reduce -24.7% | 0.14% | −0.07 |
| EOT Eaton Vance National Municip | Reduce -32.9% | 0.13% | −0.07 |
| NXP Nuveen Select Tax-Free Inc. | Reduce -7.4% | 0.41% | −0.07 |
| TT Trane Technologies PLC | Reduce -9.3% | 0.26% | −0.07 |
| STX Seagate Technology Holdings | Reduce -36.5% | 0.15% | −0.06 |
| CIFR Cipher Digital Inc. | Reduce -70.9% | 0.03% | −0.06 |
| IRM Iron Mountain Inc. | Reduce -5.8% | 0.16% | −0.06 |
| KNSA Kiniksa Pharmaceuticals Inte | Reduce -35.0% | 0.11% | −0.06 |
| BBIO Bridgebio Pharma Inc. | Sold out | 0.00% | −0.06 |
| MSI Motorola Solutions Inc. | Reduce -23.8% | 0.09% | −0.06 |
| KTOS Kratos Defense & Security | Reduce -5.3% | 0.16% | −0.06 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -17.0% | 0.17% | −0.05 |
| CYBR Cyberark Software Ltd./Israel | Reduce -39.5% | 0.06% | −0.05 |
| RKLB Rocket Lab Corp. | Reduce -45.0% | 0.17% | −0.05 |
| SPR Spirit Aerosystems Hold Class A | Sold out | 0.00% | −0.05 |
| DELL Dell Technologies -C | Reduce -11.8% | 0.15% | −0.05 |
| DSM BNYM Strat Muni BND | Reduce -38.2% | 0.08% | −0.05 |
| FPF First TR Interm Dur & Inc. | Reduce -49.7% | 0.04% | −0.05 |
| MDGL Madrigal Pharmaceuticals Inc. | Reduce -36.5% | 0.16% | −0.05 |
| ZS Zscaler Inc. | Reduce -7.8% | 0.10% | −0.05 |
| ALE Allete Inc. | Sold out | 0.00% | −0.05 |
| WSM Williams-Sonoma Inc. | Reduce -34.3% | 0.06% | −0.05 |
| PKG Packaging Corp. of America | Sold out | 0.00% | −0.05 |
| JPC Nuveen Prefered & Income Opp | Reduce -26.9% | 0.10% | −0.05 |
| SAR Saratoga Investment Corp. | Reduce -21.4% | 0.11% | −0.05 |
| AROC Archrock Inc. | Sold out | 0.00% | −0.05 |
| DUOL Duolingo | Sold out | 0.00% | −0.05 |
| INTU Intuit Inc. | Reduce -11.3% | 0.20% | −0.04 |
| PNNT Pennantpark Investment Corp. | Reduce -51.6% | 0.03% | −0.04 |
| RIOT Riot Platforms Inc. | Reduce -26.9% | 0.04% | −0.04 |
| WMB Williams Cos Inc. | Reduce -11.8% | 0.16% | −0.04 |
| WFC Wells Fargo & Co. | Sold out | 0.00% | −0.04 |
| DLY Doubleline Yield Opport | Sold out | 0.00% | −0.04 |
Portfolio Buys Q3 2025 → Q4 2025
| CELC Celcuity Inc. | Add +11.4% | 0.66% | +0.35 |
| OLMA Olema Pharmaceuticals Inc. | Add +83.2% | 0.39% | +0.30 |
| COGT Cogent Biosciences Inc. | Add +12.6% | 0.41% | +0.26 |
| GOOGL Alphabet Inc. Class A | Add +6.2% | 1.06% | +0.25 |
| INDV Indivior Ltd. | Add +43.4% | 0.39% | +0.20 |
| VGM Invesco Trust for Investmen | Add +1650.4% | 0.18% | +0.17 |
| TEVA Teva Pharmaceutical-SP ADR | Add +7.2% | 0.37% | +0.13 |
| NMZ Nuveen Muni Hi Inc. Opport | Add +57.5% | 0.40% | +0.12 |
| KALV Kalvista Pharmaceuticals Inc. | Add +93.6% | 0.19% | +0.11 |
| MQY BlackRock Muniyield Quality | Add +35.1% | 0.56% | +0.11 |
| MU Micron Technology Inc. | Add +13.8% | 0.23% | +0.11 |
| SNDX Syndax Pharmaceuticals Inc. | Add +236.0% | 0.13% | +0.10 |
| AMAT Applied Materials Inc. | Add +3.9% | 0.52% | +0.10 |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | Add +19.5% | 0.71% | +0.10 |
| TVTX Travere Therapeutics Inc. | Add +169.6% | 0.13% | +0.10 |
| JAZZ Jazz Pharmaceuticals PLC | Add +25.5% | 0.28% | +0.10 |
| OIA Invesco Municipal Income Opp | Add +88.4% | 0.22% | +0.10 |
| PMM Franklin Managed Municipal I | Add +78.7% | 0.22% | +0.09 |
| LRCX Lam Research Corp. | Add +5.6% | 0.42% | +0.09 |
| NUVB Nuvation Bio Inc. | Add +31.3% | 0.14% | +0.09 |
| GE General Electric | Add +30.9% | 0.41% | +0.09 |
| VTN Invesco TR for Invest GRD NY | Add +87.3% | 0.19% | +0.09 |
| URGN Urogen Pharma Ltd. | Add +148.4% | 0.13% | +0.08 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | New | 0.08% | +0.08 |
| RIGL Rigel Pharmaceuticals Inc. | New | 0.08% | +0.08 |
| DAWN Day One Biopharmaceuticals I | Add +229.7% | 0.10% | +0.08 |
| CEG Constellation Energy | Add +38.3% | 0.26% | +0.08 |
| PCRX Pacira Biosciences Inc. | Add +171.3% | 0.12% | +0.08 |
| NRK Nuveen NY Amt-FR Muni Inc. | Add +77.9% | 0.18% | +0.07 |
| GOSS Gossamer Bio Inc. | New | 0.07% | +0.07 |
| CMPS Compass Pathways PLC | Add +169.0% | 0.10% | +0.07 |
| BA The Boeing Co. | Add +81.6% | 0.16% | +0.07 |
| NVG Nuveen Amt-FR Muni CRDT | Add +12.5% | 0.72% | +0.07 |
| PHAT Phathom Pharmaceuticals Inc. | New | 0.07% | +0.07 |
| XBMNX BlackRock 2037 Muni TRGT TRM | New | 0.06% | +0.06 |
| MRK Merck & Co. Inc. | Add +7.3% | 0.29% | +0.06 |
| IMVT Immunovant Inc. | New | 0.06% | +0.06 |
| VRDN Viridian Therapeutics Inc. | Add +9.6% | 0.18% | +0.06 |
| GSIE Goldman Sachs Activebeta Int | Add +3.8% | 1.90% | +0.06 |
| FLGT Fulgent Genetics Inc. | New | 0.06% | +0.06 |
| ADI Analog Devices Inc. | Add +6.8% | 0.54% | +0.06 |
| BBVA Banco Bilbao Vizcaya-SP ADR | Add +23.6% | 0.20% | +0.06 |
| MUA BlackRock Muniassets Fund | Add +29.9% | 0.36% | +0.06 |
| TSHA Taysha Gene Therapies Inc. | New | 0.06% | +0.06 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | New | 0.06% | +0.06 |
| CRMD Cormedix Inc. | New | 0.06% | +0.06 |
| ATI Ati Inc. | Add +65.8% | 0.10% | +0.06 |
| NDAQ Nasdaq Inc. | Add +19.9% | 0.27% | +0.06 |
| NEE Nextera Energy Inc. | Add +23.9% | 0.27% | +0.05 |
| NAN Nuveen NY QLTY Muni Inc. | Add +83.8% | 0.12% | +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 |