Hussman Strategic Advisors, Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 5, 2025), Hussman Strategic Advisors, Inc. reported 232 stock positions worth $412.6 million. Its top holding was Barrick Gold (B) at 3.6% of the portfolio, followed by Newmont (NEM, 3.6%) and Agnico Eagle Mines (AEM, 2.1%). Compared with Q4 2024, it opened 93 new positions, sold out of 95, added to 53 and reduced 24. The biggest buy was Newmont (NEM, shares +500%) and the biggest sale an exit from Qualcomm (QCOM).
- Most Recent 13F
- Q2 2026
- Location
- ELLICOTT CITY, MD
- CIK
- 0001179475
- Portfolio Value
- $412.6M (Q1 2025)
- SEC Filing
- 0001398344-25-008621 ↗ filed May 5, 2025
Holdings Value
Holdings 232 stocks · $412.6M
| B Barrick Gold Corp. | 3.60% | 765,000 | $14.9M | Add +275.0% |
| NEM Newmont Corp. | 3.58% | 306,000 | $14.8M | Add +500.0% |
| AEM Agnico Eagle Mines Ltd. | 2.14% | 81,600 | $8.8M | Add +220.0% |
| CPB The Campbell's Company | 1.63% | 168,000 | $6.7M | Add +14.3% |
| CL Colgate-Palmolive Co. | 1.53% | 67,200 | $6.3M | No change |
| AU Anglogold Ashanti PLC | 1.38% | 153,000 | $5.7M | Add +50.0% |
| GOOG Alphabet Inc. Class C | 1.19% | 31,500 | $4.9M | New |
| CORT Corcept Therapeutics Inc. | 1.16% | 42,000 | $4.8M | No change |
| HALO Halozyme Therapeutics Inc. | 1.14% | 73,500 | $4.7M | No change |
| NVO Novo-Nordisk A/S-Spons ADR | 1.06% | 63,000 | $4.4M | No change |
| UI Ubiquiti Inc. | 0.95% | 12,600 | $3.9M | New |
| UTHR United Therapeutics Corp. | 0.94% | 12,600 | $3.9M | Add +50.0% |
| CHTR Charter Communications Inc. Class A | 0.94% | 10,500 | $3.9M | New |
| KGC Kinross Gold Corp. | 0.94% | 306,000 | $3.9M | Add +1100.0% |
| GMED Globus Medical Inc. Class A | 0.93% | 52,500 | $3.8M | New |
| PEP Pepsico Inc. | 0.92% | 25,200 | $3.8M | Add +50.0% |
| GIS General Mills Inc. | 0.91% | 63,000 | $3.8M | No change |
| CNXC Concentrix Corp. | 0.85% | 63,000 | $3.5M | New |
| UNFI United Natural Foods Inc. | 0.84% | 126,000 | $3.5M | Add +500.0% |
| PYPL PayPal Holdings Inc. | 0.83% | 52,500 | $3.4M | Add +150.0% |
| ECHO Echostar Corp. Class A | 0.78% | 126,000 | $3.2M | Add +20.0% |
| BG Bunge Global SA | 0.78% | 42,000 | $3.2M | New |
| FLO Flowers Foods Inc. | 0.77% | 168,000 | $3.2M | Add +14.3% |
| INCY Incyte Corp. | 0.77% | 52,500 | $3.2M | Add +25.0% |
| INVA Innoviva Inc. | 0.74% | 168,000 | $3.0M | No change |
| REYN Reynolds Consumer Products I | 0.73% | 126,000 | $3.0M | Add +200.0% |
| ABM Abm Industries Inc. | 0.72% | 63,000 | $3.0M | New |
| SN Sharkninja Inc. | 0.72% | 35,700 | $3.0M | Add +13.3% |
| GLOB Globant SA | 0.72% | 25,200 | $3.0M | New |
| RGLD Royal Gold Inc. | 0.71% | 17,850 | $2.9M | Add +600.0% |
| ICUI Icu Medical Inc. | 0.71% | 21,000 | $2.9M | Add +66.7% |
| HPQ HP Inc. | 0.70% | 105,000 | $2.9M | New |
| BKU Bankunited Inc. | 0.70% | 84,000 | $2.9M | Add +14.3% |
| VSAT Viasat Inc. | 0.69% | 273,000 | $2.8M | Add +30.0% |
| WGS Genedx Holdings Corp. | 0.68% | 31,500 | $2.8M | New |
| HRMY Harmony Biosciences Holdings | 0.68% | 84,000 | $2.8M | No change |
| NBIX Neurocrine Biosciences Inc. | 0.68% | 25,200 | $2.8M | Add +200.0% |
| PAAS Pan American Silver Corp. | 0.67% | 107,000 | $2.8M | Add +319.6% |
| CHWY Chewy Inc. Class A | 0.66% | 84,000 | $2.7M | New |
| KTB Kontoor Brands Inc. | 0.65% | 42,000 | $2.7M | New |
| PAHC Phibro Animal Health Corp. Class A | 0.65% | 126,000 | $2.7M | Add +20.0% |
| LBRDA Liberty Broadband-A | 0.65% | 31,500 | $2.7M | New |
| GDDY GoDaddy Inc. Class A | 0.64% | 14,700 | $2.6M | New |
| SASR Sandy Spring Bancorp Inc. | 0.64% | 94,500 | $2.6M | New |
| MTB M & T Bank Corp. filed as M & T BK CORP | 0.64% | 14,700 | $2.6M | Add +133.3% |
| COLB Columbia Banking System Inc. | 0.63% | 105,000 | $2.6M | New |
| ASTH Astrana Health Inc. | 0.63% | 84,000 | $2.6M | Add +33.3% |
| VITL Vital Farms Inc. | 0.62% | 84,000 | $2.6M | Add +60.0% |
| PTGX Protagonist Therapeutics Inc. | 0.62% | 52,500 | $2.5M | Reduce -50.0% |
| SMTC Semtech Corp. | 0.61% | 73,500 | $2.5M | New |
| ADM Archer-Daniels-Midland Co. | 0.61% | 52,500 | $2.5M | New |
| HSY The Hershey Co. | 0.61% | 14,700 | $2.5M | No change |
| KLG WK Kellogg Co. | 0.61% | 126,000 | $2.5M | No change |
| OLLI Ollie's Bargain Outlet Holdi | 0.59% | 21,000 | $2.4M | New |
| GLW Corning Inc. | 0.58% | 52,500 | $2.4M | New |
| VZ Verizon Communications Inc. | 0.58% | 52,500 | $2.4M | Reduce -64.3% |
| CMPR Cimpress PLC | 0.58% | 52,500 | $2.4M | New |
| BCRX Biocryst Pharmaceuticals Inc. | 0.57% | 315,000 | $2.4M | New |
| JKS Jinkosolar Holding Co.-ADR | 0.57% | 126,000 | $2.3M | New |
| TRUP Trupanion Inc. | 0.57% | 63,000 | $2.3M | New |
| EXEL Exelixis Inc. | 0.56% | 63,000 | $2.3M | No change |
| IONQ Ionq Inc. | 0.56% | 105,000 | $2.3M | Add +233.3% |
| HE Hawaiian Electric Inds | 0.56% | 211,000 | $2.3M | No change |
| ZETA Zeta Global Holdings Corp. Class A | 0.55% | 168,000 | $2.3M | Add +100.0% |
| ALNY Alnylam Pharmaceuticals Inc. | 0.55% | 8,400 | $2.3M | New |
| SHOO Steven Madden Ltd. filed as MADDEN STEVEN LTD | 0.54% | 84,000 | $2.2M | Add +100.0% |
| CDNA Caredx Inc. | 0.54% | 126,000 | $2.2M | New |
| AGX Argan Inc. | 0.53% | 16,800 | $2.2M | New |
| KNTK Kinetik Holdings Inc. | 0.53% | 42,000 | $2.2M | Add +100.0% |
| CFG Citizens Financial Group | 0.52% | 52,500 | $2.2M | Add +25.0% |
| CHRW C.H. Robinson Worldwide Inc. | 0.52% | 21,000 | $2.2M | New |
| EBAY eBay Inc. | 0.52% | 31,500 | $2.1M | Add +87.5% |
| KR Kroger Co. | 0.52% | 31,500 | $2.1M | New |
| DOLE Dole PLC | 0.51% | 147,000 | $2.1M | New |
| RIVN Rivian Automotive Inc. Class A | 0.51% | 168,000 | $2.1M | New |
| YETI Yeti Holdings Inc. filed as YETI HLDGS INC | 0.51% | 63,000 | $2.1M | New |
| ADMA Adma Biologics Inc. | 0.50% | 105,000 | $2.1M | New |
| TGTX TG Therapeutics Inc. | 0.50% | 52,500 | $2.1M | Add +25.0% |
| LNTH Lantheus Holdings Inc. | 0.50% | 21,000 | $2.0M | Add +100.0% |
| CPRX Catalyst Pharmaceuticals Inc. | 0.49% | 84,000 | $2.0M | Reduce -20.0% |
| GM General Motors Co. | 0.48% | 42,000 | $2.0M | Reduce -20.0% |
| LEU Centrus Energy Corp. Class A | 0.47% | 31,500 | $2.0M | New |
| VFC VF Corp. | 0.47% | 126,000 | $2.0M | New |
| CALM Cal-Maine Foods Inc. | 0.46% | 21,000 | $1.9M | Add +100.0% |
| BTSG Brightspring Health Services | 0.46% | 105,000 | $1.9M | New |
| SBH Sally Beauty Holdings Inc. | 0.46% | 210,000 | $1.9M | No change |
| NVCR Novocure Ltd. | 0.45% | 105,000 | $1.9M | New |
| DAL Delta Air Lines Inc. | 0.44% | 42,000 | $1.8M | New |
| PRIM Primoris Services Corp. | 0.44% | 31,500 | $1.8M | New |
| BOOT Boot Barn Holdings Inc. | 0.44% | 16,800 | $1.8M | New |
| KMB Kimberly-Clark Corp. | 0.43% | 12,600 | $1.8M | No change |
| AMRX Amneal Pharmaceuticals Inc. | 0.43% | 210,000 | $1.8M | Reduce -16.7% |
| WWW Wolverine World Wide Inc. | 0.42% | 126,000 | $1.8M | New |
| SJM The JM Smucker Co. filed as SMUCKER J M CO | 0.42% | 14,700 | $1.7M | No change |
| CRI Carter's Inc. | 0.42% | 42,000 | $1.7M | No change |
| INGR Ingredion Inc. | 0.41% | 12,600 | $1.7M | Add +20.0% |
| NRG NRG Energy Inc. | 0.41% | 17,800 | $1.7M | Reduce -67.0% |
| AUPH Aurinia Pharmaceuticals Inc. | 0.41% | 210,000 | $1.7M | New |
| BAND Bandwidth Inc. Class A | 0.40% | 126,000 | $1.7M | No change |
| VLTO Veralto Corp. | 0.40% | 16,800 | $1.6M | Reduce -20.0% |
Portfolio Sells Q4 2024 → Q1 2025
| QCOM Qualcomm Inc. | Sold out | 0.00% | −1.43 |
| VZ Verizon Communications Inc. | Reduce -64.3% | 0.58% | −1.16 |
| AMGN Amgen Inc. | Sold out | 0.00% | −1.13 |
| DVA Davita Inc. | Sold out | 0.00% | −1.11 |
| NRG NRG Energy Inc. | Reduce -67.0% | 0.41% | −1.03 |
| HCA HCA Healthcare Inc. | Sold out | 0.00% | −0.93 |
| ALLY Ally Financial Inc. | Sold out | 0.00% | −0.89 |
| UHS Universal Health Services-B | Sold out | 0.00% | −0.89 |
| MPC Marathon Petroleum Corp. | Sold out | 0.00% | −0.87 |
| CI The Cigna Group | Sold out | 0.00% | −0.86 |
| CVS CVS Health Corp. | Sold out | 0.00% | −0.84 |
| SPOT Spotify Technology SA | Sold out | 0.00% | −0.83 |
| CMCSA Comcast Corp. Class A | Sold out | 0.00% | −0.81 |
| C Citigroup Inc. | Reduce -60.0% | 0.36% | −0.73 |
| DKS Dick's Sporting Goods Inc. | Sold out | 0.00% | −0.71 |
| SEM Select Medical Holdings Corp. | Sold out | 0.00% | −0.70 |
| BFAM Bright Horizons Family Solut | Sold out | 0.00% | −0.69 |
| MBIN Merchants Bancorp | Sold out | 0.00% | −0.68 |
| FITB Fifth Third Bancorp | Sold out | 0.00% | −0.66 |
| DY Dycom Industries Inc. | Sold out | 0.00% | −0.65 |
| TRIP Tripadvisor Inc. | Sold out | 0.00% | −0.64 |
| OMC Omnicom Group | Sold out | 0.00% | −0.64 |
| GCT Gigacloud Technology Inc. Class A | Reduce -50.0% | 0.29% | −0.63 |
| CRUS Cirrus Logic Inc. | Sold out | 0.00% | −0.62 |
| IDCC Interdigital Inc. | Sold out | 0.00% | −0.60 |
| JWN Nordstrom Inc. | Sold out | 0.00% | −0.60 |
| PTGX Protagonist Therapeutics Inc. | Reduce -50.0% | 0.62% | −0.58 |
| META Meta Platforms Inc. Class A | Reduce -75.0% | 0.15% | −0.58 |
| ALKS Alkermes PLC | Sold out | 0.00% | −0.57 |
| HOG Harley-Davidson Inc. | Sold out | 0.00% | −0.56 |
| ANIP Ani Pharmaceuticals Inc. | Sold out | 0.00% | −0.51 |
| FANG Diamondback Energy Inc. | Sold out | 0.00% | −0.51 |
| CACI Caci International Inc. Class A | Sold out | 0.00% | −0.50 |
| SLVM Sylvamo Corp. | Sold out | 0.00% | −0.49 |
| AEO American Eagle Outfitters | Reduce -42.9% | 0.24% | −0.49 |
| CSTL Castle Biosciences Inc. | Reduce -71.4% | 0.10% | −0.48 |
| DG Dollar General Corp. | Sold out | 0.00% | −0.47 |
| RNR Renaissancere Holdings Ltd. | Sold out | 0.00% | −0.46 |
| OGN Organon & Co. | Reduce -44.4% | 0.38% | −0.45 |
| ASB Associated Banc-Corp. | Sold out | 0.00% | −0.44 |
| GES Guess? Inc. | Sold out | 0.00% | −0.44 |
| MGM MGM Resorts International | Sold out | 0.00% | −0.43 |
| CE Celanese Corp. | Sold out | 0.00% | −0.43 |
| RMD Resmed Inc. | Sold out | 0.00% | −0.43 |
| GEN Gen Digital Inc. | Sold out | 0.00% | −0.42 |
| SG Sweetgreen Inc. Class A | Reduce -50.0% | 0.19% | −0.41 |
| PRCT Procept Biorobotics Corp. | Sold out | 0.00% | −0.40 |
| YEXT Yext Inc. | Sold out | 0.00% | −0.39 |
| ACMR Acm Research Inc. Class A | Reduce -62.5% | 0.36% | −0.39 |
| PAGS Pagseguro Digital Ltd. Class A | Sold out | 0.00% | −0.39 |
Portfolio Buys Q4 2024 → Q1 2025
| NEM Newmont Corp. | Add +500.0% | 3.58% | +3.02 |
| B Barrick Gold Corp. | Add +275.0% | 3.60% | +2.67 |
| AEM Agnico Eagle Mines Ltd. | Add +220.0% | 2.14% | +1.55 |
| GOOG Alphabet Inc. Class C | New | 1.19% | +1.19 |
| UI Ubiquiti Inc. | New | 0.95% | +0.95 |
| CHTR Charter Communications Inc. Class A | New | 0.94% | +0.94 |
| GMED Globus Medical Inc. Class A | New | 0.93% | +0.93 |
| KGC Kinross Gold Corp. | Add +1100.0% | 0.94% | +0.87 |
| CNXC Concentrix Corp. | New | 0.85% | +0.85 |
| BG Bunge Global SA | New | 0.78% | +0.78 |
| ABM Abm Industries Inc. | New | 0.72% | +0.72 |
| GLOB Globant SA | New | 0.72% | +0.72 |
| HPQ HP Inc. | New | 0.70% | +0.70 |
| AU Anglogold Ashanti PLC | Add +50.0% | 1.38% | +0.68 |
| WGS Genedx Holdings Corp. | New | 0.68% | +0.68 |
| UNFI United Natural Foods Inc. | Add +500.0% | 0.84% | +0.67 |
| CHWY Chewy Inc. Class A | New | 0.66% | +0.66 |
| KTB Kontoor Brands Inc. | New | 0.65% | +0.65 |
| LBRDA Liberty Broadband-A | New | 0.65% | +0.65 |
| GDDY GoDaddy Inc. Class A | New | 0.64% | +0.64 |
| SASR Sandy Spring Bancorp Inc. | New | 0.64% | +0.64 |
| COLB Columbia Banking System Inc. | New | 0.63% | +0.63 |
| SMTC Semtech Corp. | New | 0.61% | +0.61 |
| ADM Archer-Daniels-Midland Co. | New | 0.61% | +0.61 |
| RGLD Royal Gold Inc. | Add +600.0% | 0.71% | +0.61 |
| OLLI Ollie's Bargain Outlet Holdi | New | 0.59% | +0.59 |
| GLW Corning Inc. | New | 0.58% | +0.58 |
| CMPR Cimpress PLC | New | 0.58% | +0.58 |
| BCRX Biocryst Pharmaceuticals Inc. | New | 0.57% | +0.57 |
| JKS Jinkosolar Holding Co.-ADR | New | 0.57% | +0.57 |
| TRUP Trupanion Inc. | New | 0.57% | +0.57 |
| ALNY Alnylam Pharmaceuticals Inc. | New | 0.55% | +0.55 |
| CDNA Caredx Inc. | New | 0.54% | +0.54 |
| AGX Argan Inc. | New | 0.53% | +0.53 |
| CHRW C.H. Robinson Worldwide Inc. | New | 0.52% | +0.52 |
| PAAS Pan American Silver Corp. | Add +319.6% | 0.67% | +0.52 |
| KR Kroger Co. | New | 0.52% | +0.52 |
| DOLE Dole PLC | New | 0.51% | +0.51 |
| RIVN Rivian Automotive Inc. Class A | New | 0.51% | +0.51 |
| YETI Yeti Holdings Inc. | New | 0.51% | +0.51 |
| ADMA Adma Biologics Inc. | New | 0.50% | +0.50 |
| LEU Centrus Energy Corp. Class A | New | 0.47% | +0.47 |
| VFC VF Corp. | New | 0.47% | +0.47 |
| BTSG Brightspring Health Services | New | 0.46% | +0.46 |
| NVCR Novocure Ltd. | New | 0.45% | +0.45 |
| DAL Delta Air Lines Inc. | New | 0.44% | +0.44 |
| PRIM Primoris Services Corp. | New | 0.44% | +0.44 |
| BOOT Boot Barn Holdings Inc. | New | 0.44% | +0.44 |
| WWW Wolverine World Wide Inc. | New | 0.42% | +0.42 |
| AUPH Aurinia Pharmaceuticals Inc. | New | 0.41% | +0.41 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 231 | $434.0M | PEP, UI, INCY, VSAT, NBIX |
| Q1 2026 | 268 | $462.5M | CORT, UNFI, CPB, APA, ETSY |
| Q4 2025 | 252 | $413.7M | QCOM, ETSY, UI, UNFI, CHTR |
| Q3 2025 | 270 | $461.8M | UNFI, CPB, CHTR, B, TGTX |
| Q2 2025 | 210 | $437.6M | AEM, NEM, B, UI, RGLD |
| Q1 2025 | 232 | $412.6M | B, NEM, AEM, CPB, CL |
| Q4 2024 | 234 | $338.5M | CPB, CL, VZ, NVO, NRG |
| Q3 2024 | 216 | $407.1M | B, AEM, NEM, META, QCOM |
| Q2 2024 | 232 | $363.0M | NVO, AEM, B, ACMR, CRC |
| Q1 2024 | 216 | $430.0M | B, AEM, NEM, GOOG, AMZN |