Hussman Strategic Advisors, Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 5, 2025), Hussman Strategic Advisors, Inc. reported 210 stock positions worth $437.6 million. Its top holding was Agnico Eagle Mines (AEM) at 4.2% of the portfolio, followed by Newmont (NEM, 4.1%) and Barrick Mining (B, 3.9%). Compared with Q1 2025, it opened 80 new positions, sold out of 102, added to 50 and reduced 26. The biggest buy was Agnico Eagle Mines (AEM, shares +88%) and the biggest sale an exit from Alphabet Class C (GOOG).
- Most Recent 13F
- Q2 2026
- Location
- ELLICOTT CITY, MD
- CIK
- 0001179475
- Portfolio Value
- $437.6M (Q2 2025)
- SEC Filing
- 0001398344-25-014529 ↗ filed Aug 5, 2025
Holdings Value
Holdings 210 stocks · $437.6M
| AEM Agnico Eagle Mines Ltd. | 4.16% | 153,000 | $18.2M | Add +87.5% |
| NEM Newmont Corp. | 4.07% | 306,000 | $17.8M | No change |
| B Barrick Mining Corp. | 3.88% | 816,000 | $17.0M | Add +6.7% |
| UI Ubiquiti Inc. | 1.58% | 16,800 | $6.9M | Add +33.3% |
| RGLD Royal Gold Inc. | 1.45% | 35,700 | $6.3M | Add +100.0% |
| CHTR Charter Communications Inc. Class A | 1.37% | 14,700 | $6.0M | Add +40.0% |
| CPB The Campbell's Company | 1.32% | 189,000 | $5.8M | Add +12.5% |
| CL Colgate-Palmolive Co. | 1.09% | 52,500 | $4.8M | Reduce -21.9% |
| IDCC Interdigital Inc. | 1.08% | 21,000 | $4.7M | New |
| CHKP Check Point Software Tech | 1.06% | 21,000 | $4.6M | Add +233.3% |
| EXEL Exelixis Inc. | 1.06% | 105,000 | $4.6M | Add +66.7% |
| TGTX TG Therapeutics Inc. | 1.04% | 126,000 | $4.5M | Add +140.0% |
| UNFI United Natural Foods Inc. | 1.01% | 189,000 | $4.4M | Add +50.0% |
| HALO Halozyme Therapeutics Inc. | 1.00% | 84,000 | $4.4M | Add +14.3% |
| INCY Incyte Corp. | 0.98% | 63,000 | $4.3M | Add +20.0% |
| UTHR United Therapeutics Corp. | 0.97% | 14,700 | $4.2M | Add +16.7% |
| INVA Innoviva Inc. | 0.96% | 210,000 | $4.2M | Add +25.0% |
| CALM Cal-Maine Foods Inc. | 0.96% | 42,000 | $4.2M | Add +100.0% |
| LBRDA Liberty Broadband-A | 0.94% | 42,000 | $4.1M | Add +33.3% |
| CTSH Cognizant Tech Solutions-A | 0.94% | 52,500 | $4.1M | New |
| TWLO Twilio Inc. Class A | 0.90% | 31,500 | $3.9M | Add +200.0% |
| GL Globe Life Inc. | 0.89% | 31,500 | $3.9M | New |
| ICUI Icu Medical Inc. | 0.89% | 29,400 | $3.9M | Add +40.0% |
| GLOB Globant SA | 0.87% | 42,000 | $3.8M | Add +66.7% |
| BKU Bankunited Inc. | 0.85% | 105,000 | $3.7M | Add +25.0% |
| EPAM Epam Systems Inc. | 0.85% | 21,000 | $3.7M | New |
| G Genpact Ltd. | 0.84% | 84,000 | $3.7M | New |
| NVO Novo-Nordisk A/S-Spons ADR | 0.83% | 52,500 | $3.6M | Reduce -16.7% |
| ALKS Alkermes PLC | 0.82% | 126,000 | $3.6M | New |
| DOLE Dole PLC | 0.81% | 252,000 | $3.5M | Add +71.4% |
| NCLH Norwegian Cruise Line Holdin | 0.78% | 168,000 | $3.4M | New |
| AGI Alamos Gold Inc. Class A | 0.77% | 127,500 | $3.4M | Add +1150.0% |
| PEP Pepsico Inc. | 0.76% | 25,200 | $3.3M | No change |
| HRMY Harmony Biosciences Holdings | 0.76% | 105,000 | $3.3M | Add +25.0% |
| WAL Western Alliance Bancorp | 0.75% | 42,000 | $3.3M | Add +100.0% |
| DOCU Docusign Inc. | 0.75% | 42,000 | $3.3M | New |
| GIS General Mills Inc. | 0.75% | 63,000 | $3.3M | No change |
| MTB M & T Bank Corp. filed as M & T BK CORP | 0.74% | 16,800 | $3.3M | Add +14.3% |
| DOCS Doximity Inc. Class A | 0.74% | 52,500 | $3.2M | New |
| CPRX Catalyst Pharmaceuticals Inc. | 0.73% | 147,000 | $3.2M | Add +75.0% |
| KGC Kinross Gold Corp. | 0.73% | 204,000 | $3.2M | Reduce -33.3% |
| APPN Appian Corp. Class A | 0.72% | 105,000 | $3.1M | New |
| ASTH Astrana Health Inc. | 0.72% | 126,000 | $3.1M | Add +50.0% |
| CORT Corcept Therapeutics Inc. | 0.70% | 42,000 | $3.1M | No change |
| PTCT PTC Therapeutics Inc. | 0.70% | 63,000 | $3.1M | Add +200.0% |
| CCOI Cogent Communications Holdin | 0.69% | 63,000 | $3.0M | Add +200.0% |
| AUPH Aurinia Pharmaceuticals Inc. | 0.69% | 357,000 | $3.0M | Add +70.0% |
| MD Pediatrix Medical Group Inc. | 0.69% | 210,000 | $3.0M | Add +150.0% |
| BFH Bread Financial Holdings Inc. | 0.69% | 52,500 | $3.0M | Add +66.7% |
| LULU Lululemon Athletica Inc. | 0.68% | 12,600 | $3.0M | New |
| GHC Graham Holdings Co. Class B | 0.68% | 3,150 | $3.0M | New |
| COLB Columbia Banking System Inc. | 0.67% | 126,000 | $2.9M | Add +20.0% |
| PAYC Paycom Software Inc. | 0.67% | 12,600 | $2.9M | New |
| YOU Clear Secure Inc. Class A | 0.67% | 105,000 | $2.9M | New |
| ECHO Echostar Corp. Class A | 0.66% | 105,000 | $2.9M | Reduce -16.7% |
| VIRT Virtu Financial Inc. Class A | 0.64% | 63,000 | $2.8M | New |
| SYF Synchrony Financial | 0.64% | 42,000 | $2.8M | Add +100.0% |
| EXAS Exact Sciences Corp. | 0.64% | 52,500 | $2.8M | New |
| REYN Reynolds Consumer Products I | 0.62% | 126,000 | $2.7M | No change |
| FLO Flowers Foods Inc. | 0.61% | 168,000 | $2.7M | No change |
| CIEN Ciena Corp. | 0.59% | 31,500 | $2.6M | New |
| LNG Cheniere Energy Inc. | 0.58% | 10,500 | $2.6M | New |
| CRI Carter's Inc. | 0.58% | 84,000 | $2.5M | Add +100.0% |
| TVTX Travere Therapeutics Inc. | 0.57% | 168,000 | $2.5M | New |
| LQDT Liquidity Services Inc. | 0.57% | 105,000 | $2.5M | New |
| ZM Zoom Communications Inc. | 0.56% | 31,500 | $2.5M | New |
| HSY The Hershey Co. | 0.56% | 14,700 | $2.4M | No change |
| CNOB Connectone Bancorp Inc. | 0.56% | 105,000 | $2.4M | New |
| WBD Warner Bros Discovery Inc. | 0.55% | 210,000 | $2.4M | New |
| DBX Dropbox Inc. Class A | 0.55% | 84,000 | $2.4M | New |
| AAL American Airlines Group Inc. | 0.54% | 210,000 | $2.4M | Add +100.0% |
| EBAY eBay Inc. | 0.54% | 31,500 | $2.3M | No change |
| PYPL PayPal Holdings Inc. | 0.53% | 31,500 | $2.3M | Reduce -40.0% |
| GILD Gilead Sciences Inc. | 0.53% | 21,000 | $2.3M | New |
| AU Anglogold Ashanti PLC | 0.53% | 51,000 | $2.3M | Reduce -66.7% |
| EFSC Enterprise Financial Service | 0.53% | 42,000 | $2.3M | New |
| PCTY Paylocity Holding Corp. | 0.52% | 12,600 | $2.3M | New |
| JAZZ Jazz Pharmaceuticals PLC | 0.51% | 21,000 | $2.2M | New |
| ZION Zions Bancorp NA | 0.50% | 42,000 | $2.2M | Add +33.3% |
| CVS CVS Health Corp. | 0.50% | 31,500 | $2.2M | New |
| PAAS Pan American Silver Corp. | 0.50% | 76,500 | $2.2M | Reduce -28.5% |
| PAHC Phibro Animal Health Corp. Class A | 0.49% | 84,000 | $2.1M | Reduce -33.3% |
| ALNY Alnylam Pharmaceuticals Inc. | 0.47% | 6,300 | $2.1M | Reduce -25.0% |
| RIVN Rivian Automotive Inc. Class A | 0.46% | 147,000 | $2.0M | Reduce -12.5% |
| KLG WK Kellogg Co. | 0.46% | 126,000 | $2.0M | No change |
| ALSN Allison Transmission Holding | 0.46% | 21,000 | $2.0M | New |
| ASAN Asana Inc. Class A | 0.45% | 147,000 | $2.0M | New |
| CAKE The Cheesecake Factory Inc. | 0.45% | 31,500 | $2.0M | Add +15.4% |
| WGS Genedx Holdings Corp. | 0.44% | 21,000 | $1.9M | Reduce -33.3% |
| SBUX Starbucks Corp. | 0.44% | 21,000 | $1.9M | New |
| INSP Inspire Medical Systems Inc. | 0.44% | 14,700 | $1.9M | New |
| BCRX Biocryst Pharmaceuticals Inc. | 0.43% | 210,000 | $1.9M | Reduce -33.3% |
| FFIV F5 Inc. | 0.42% | 6,300 | $1.9M | Add +50.0% |
| PSA Public Storage | 0.42% | 6,300 | $1.8M | New |
| HL Hecla Mining Co. | 0.42% | 306,000 | $1.8M | Add +20.0% |
| SPRY Ars Pharmaceuticals Inc. | 0.42% | 105,000 | $1.8M | New |
| IONQ Ionq Inc. | 0.41% | 42,000 | $1.8M | Reduce -60.0% |
| CHWY Chewy Inc. Class A | 0.41% | 42,000 | $1.8M | Reduce -50.0% |
| CCL Carnival Corp. | 0.40% | 63,000 | $1.8M | New |
| PTGX Protagonist Therapeutics Inc. | 0.40% | 31,500 | $1.7M | Reduce -40.0% |
Portfolio Sells Q1 2025 → Q2 2025
| GOOG Alphabet Inc. Class C | Sold out | 0.00% | −1.19 |
| GMED Globus Medical Inc. Class A | Sold out | 0.00% | −0.93 |
| CNXC Concentrix Corp. | Sold out | 0.00% | −0.85 |
| AU Anglogold Ashanti PLC | Reduce -66.7% | 0.53% | −0.85 |
| BG Bunge Global SA | Sold out | 0.00% | −0.78 |
| ABM Abm Industries Inc. | Sold out | 0.00% | −0.72 |
| SN Sharkninja Inc. | Sold out | 0.00% | −0.72 |
| HPQ HP Inc. | Sold out | 0.00% | −0.70 |
| VSAT Viasat Inc. | Sold out | 0.00% | −0.69 |
| NBIX Neurocrine Biosciences Inc. | Sold out | 0.00% | −0.68 |
| KTB Kontoor Brands Inc. | Sold out | 0.00% | −0.65 |
| GDDY GoDaddy Inc. Class A | Sold out | 0.00% | −0.64 |
| SASR Sandy Spring Bancorp Inc. | Sold out | 0.00% | −0.64 |
| VITL Vital Farms Inc. | Sold out | 0.00% | −0.62 |
| SMTC Semtech Corp. | Sold out | 0.00% | −0.61 |
| ADM Archer-Daniels-Midland Co. | Sold out | 0.00% | −0.61 |
| OLLI Ollie's Bargain Outlet Holdi | Sold out | 0.00% | −0.59 |
| GLW Corning Inc. | Sold out | 0.00% | −0.58 |
| VZ Verizon Communications Inc. | Sold out | 0.00% | −0.58 |
| CMPR Cimpress PLC | Sold out | 0.00% | −0.58 |
| JKS Jinkosolar Holding Co.-ADR | Sold out | 0.00% | −0.57 |
| TRUP Trupanion Inc. | Sold out | 0.00% | −0.57 |
| HE Hawaiian Electric Inds | Reduce -99.5% | 0.00% | −0.56 |
| ZETA Zeta Global Holdings Corp. Class A | Sold out | 0.00% | −0.55 |
| SHOO Steven Madden Ltd. | Sold out | 0.00% | −0.54 |
| CDNA Caredx Inc. | Sold out | 0.00% | −0.54 |
| AGX Argan Inc. | Sold out | 0.00% | −0.53 |
| KNTK Kinetik Holdings Inc. | Sold out | 0.00% | −0.53 |
| CFG Citizens Financial Group | Sold out | 0.00% | −0.52 |
| CHRW C.H. Robinson Worldwide Inc. | Sold out | 0.00% | −0.52 |
| KR Kroger Co. | Sold out | 0.00% | −0.52 |
| YETI Yeti Holdings Inc. | Sold out | 0.00% | −0.51 |
| LNTH Lantheus Holdings Inc. | Sold out | 0.00% | −0.50 |
| GM General Motors Co. | Sold out | 0.00% | −0.48 |
| LEU Centrus Energy Corp. Class A | Sold out | 0.00% | −0.47 |
| VFC VF Corp. | Sold out | 0.00% | −0.47 |
| SBH Sally Beauty Holdings Inc. | Sold out | 0.00% | −0.46 |
| NVCR Novocure Ltd. | Sold out | 0.00% | −0.45 |
| DAL Delta Air Lines Inc. | Sold out | 0.00% | −0.44 |
| PRIM Primoris Services Corp. | Sold out | 0.00% | −0.44 |
| BOOT Boot Barn Holdings Inc. | Sold out | 0.00% | −0.44 |
| CL Colgate-Palmolive Co. | Reduce -21.9% | 1.09% | −0.44 |
| AMRX Amneal Pharmaceuticals Inc. | Sold out | 0.00% | −0.43 |
| WWW Wolverine World Wide Inc. | Sold out | 0.00% | −0.42 |
| INGR Ingredion Inc. | Sold out | 0.00% | −0.41 |
| BAND Bandwidth Inc. Class A | Sold out | 0.00% | −0.40 |
| VLTO Veralto Corp. | Sold out | 0.00% | −0.40 |
| COCO The Vita Coco Co. Inc. | Sold out | 0.00% | −0.39 |
| PFE Pfizer Inc. | Sold out | 0.00% | −0.39 |
| OGN Organon & Co. | Sold out | 0.00% | −0.38 |
Portfolio Buys Q1 2025 → Q2 2025
| AEM Agnico Eagle Mines Ltd. | Add +87.5% | 4.16% | +2.01 |
| IDCC Interdigital Inc. | New | 1.08% | +1.08 |
| CTSH Cognizant Tech Solutions-A | New | 0.94% | +0.94 |
| GL Globe Life Inc. | New | 0.89% | +0.89 |
| EPAM Epam Systems Inc. | New | 0.85% | +0.85 |
| G Genpact Ltd. | New | 0.84% | +0.84 |
| ALKS Alkermes PLC | New | 0.82% | +0.82 |
| NCLH Norwegian Cruise Line Holdin | New | 0.78% | +0.78 |
| DOCU Docusign Inc. | New | 0.75% | +0.75 |
| RGLD Royal Gold Inc. | Add +100.0% | 1.45% | +0.74 |
| DOCS Doximity Inc. Class A | New | 0.74% | +0.74 |
| APPN Appian Corp. Class A | New | 0.72% | +0.72 |
| CHKP Check Point Software Tech | Add +233.3% | 1.06% | +0.71 |
| AGI Alamos Gold Inc. Class A | Add +1150.0% | 0.77% | +0.71 |
| LULU Lululemon Athletica Inc. | New | 0.68% | +0.68 |
| GHC Graham Holdings Co. Class B | New | 0.68% | +0.68 |
| PAYC Paycom Software Inc. | New | 0.67% | +0.67 |
| YOU Clear Secure Inc. Class A | New | 0.67% | +0.67 |
| TWLO Twilio Inc. Class A | Add +200.0% | 0.90% | +0.65 |
| VIRT Virtu Financial Inc. Class A | New | 0.64% | +0.64 |
| EXAS Exact Sciences Corp. | New | 0.64% | +0.64 |
| UI Ubiquiti Inc. | Add +33.3% | 1.58% | +0.63 |
| CIEN Ciena Corp. | New | 0.59% | +0.59 |
| LNG Cheniere Energy Inc. | New | 0.58% | +0.58 |
| TVTX Travere Therapeutics Inc. | New | 0.57% | +0.57 |
| LQDT Liquidity Services Inc. | New | 0.57% | +0.57 |
| ZM Zoom Communications Inc. | New | 0.56% | +0.56 |
| CNOB Connectone Bancorp Inc. | New | 0.56% | +0.56 |
| WBD Warner Bros Discovery Inc. | New | 0.55% | +0.55 |
| DBX Dropbox Inc. Class A | New | 0.55% | +0.55 |
| TGTX TG Therapeutics Inc. | Add +140.0% | 1.04% | +0.53 |
| GILD Gilead Sciences Inc. | New | 0.53% | +0.53 |
| EFSC Enterprise Financial Service | New | 0.53% | +0.53 |
| PCTY Paylocity Holding Corp. | New | 0.52% | +0.52 |
| JAZZ Jazz Pharmaceuticals PLC | New | 0.51% | +0.51 |
| CVS CVS Health Corp. | New | 0.50% | +0.50 |
| EXEL Exelixis Inc. | Add +66.7% | 1.06% | +0.49 |
| CALM Cal-Maine Foods Inc. | Add +100.0% | 0.96% | +0.49 |
| ALSN Allison Transmission Holding | New | 0.46% | +0.46 |
| ASAN Asana Inc. Class A | New | 0.45% | +0.45 |
| PTCT PTC Therapeutics Inc. | Add +200.0% | 0.70% | +0.44 |
| SBUX Starbucks Corp. | New | 0.44% | +0.44 |
| INSP Inspire Medical Systems Inc. | New | 0.44% | +0.44 |
| CHTR Charter Communications Inc. Class A | Add +40.0% | 1.37% | +0.44 |
| PSA Public Storage | New | 0.42% | +0.42 |
| SPRY Ars Pharmaceuticals Inc. | New | 0.42% | +0.42 |
| CCL Carnival Corp. | New | 0.40% | +0.40 |
| MD Pediatrix Medical Group Inc. | Add +150.0% | 0.69% | +0.39 |
| DCOM Dime Commercial Bancshares I | New | 0.39% | +0.39 |
| CCOI Cogent Communications Holdin | Add +200.0% | 0.69% | +0.38 |
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 |