Hussman Strategic Advisors, Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 2, 2026), Hussman Strategic Advisors, Inc. reported 252 stock positions worth $413.7 million. Its top holding was Qualcomm (QCOM) at 1.1% of the portfolio, followed by Etsy (ETSY, 1.1%) and Ubiquiti (UI, 1.1%). Compared with Q3 2025, it opened 102 new positions, sold out of 120, added to 39 and reduced 38. The biggest buy was a new position in Qualcomm (QCOM) and the biggest sale an exit from TG Therapeutics (TGTX).
- Most Recent 13F
- Q2 2026
- Location
- ELLICOTT CITY, MD
- CIK
- 0001179475
- Portfolio Value
- $413.7M (Q4 2025)
- SEC Filing
- 0001398344-26-001810 ↗ filed Feb 2, 2026
Holdings Value
Holdings 252 stocks · $413.7M
| QCOM Qualcomm Inc. | 1.13% | 27,300 | $4.7M | New |
| ETSY Etsy Inc. | 1.13% | 84,000 | $4.7M | Add +100.0% |
| UI Ubiquiti Inc. | 1.12% | 8,400 | $4.6M | Add +100.0% |
| UNFI United Natural Foods Inc. | 1.03% | 126,000 | $4.2M | Reduce -20.0% |
| CHTR Charter Communications Inc. Class A | 0.95% | 18,900 | $3.9M | No change |
| G Genpact Ltd. | 0.95% | 84,000 | $3.9M | No change |
| ACAD Acadia Pharmaceuticals Inc. | 0.95% | 147,000 | $3.9M | Add +16.7% |
| CHKP Check Point Software Tech | 0.94% | 21,000 | $3.9M | New |
| EXEL Exelixis Inc. | 0.89% | 84,000 | $3.7M | Reduce -20.0% |
| HALO Halozyme Therapeutics Inc. | 0.85% | 52,500 | $3.5M | Add +66.7% |
| CNXC Concentrix Corp. | 0.84% | 84,000 | $3.5M | Add +100.0% |
| NUTX Nutex Health Inc. | 0.84% | 21,000 | $3.5M | New |
| CVS CVS Health Corp. | 0.81% | 42,000 | $3.3M | New |
| SEZL Sezzle Inc. | 0.81% | 52,500 | $3.3M | Add +38.9% |
| CL Colgate-Palmolive Co. | 0.80% | 42,000 | $3.3M | No change |
| PCRX Pacira Biosciences Inc. | 0.79% | 126,000 | $3.3M | Add +20.0% |
| PGNY Progyny Inc. | 0.78% | 126,000 | $3.2M | Add +20.0% |
| URBN Urban Outfitters Inc. | 0.76% | 42,000 | $3.2M | Add +33.3% |
| TR Tootsie Roll Inds | 0.74% | 84,000 | $3.1M | New |
| NEM Newmont Corp. | 0.74% | 30,500 | $3.0M | Reduce -40.2% |
| PEP Pepsico Inc. | 0.73% | 21,000 | $3.0M | No change |
| CSIQ Canadian Solar Inc. | 0.72% | 126,000 | $3.0M | New |
| VZ Verizon Communications Inc. | 0.72% | 73,500 | $3.0M | New |
| NBIX Neurocrine Biosciences Inc. | 0.72% | 21,000 | $3.0M | No change |
| DLO Dlocal Ltd. | 0.72% | 210,000 | $3.0M | New |
| ALKS Alkermes PLC | 0.71% | 105,000 | $2.9M | Reduce -16.7% |
| KO The Coca-Cola Co. | 0.71% | 42,000 | $2.9M | New |
| GIS General Mills Inc. | 0.71% | 63,000 | $2.9M | No change |
| CPB The Campbell's Company | 0.71% | 105,000 | $2.9M | Reduce -37.5% |
| VSAT Viasat Inc. | 0.70% | 84,000 | $2.9M | Add +100.0% |
| APTV Aptiv PLC | 0.70% | 37,800 | $2.9M | New |
| ABNB Airbnb Inc. Class A | 0.69% | 21,000 | $2.9M | No change |
| PLMR Palomar Holdings Inc. | 0.68% | 21,000 | $2.8M | No change |
| DXCM Dexcom Inc. | 0.67% | 42,000 | $2.8M | No change |
| FIVE Five Below | 0.67% | 14,700 | $2.8M | Add +16.7% |
| AMGN Amgen Inc. | 0.66% | 8,400 | $2.7M | New |
| MTCH Match Group Inc. | 0.66% | 84,000 | $2.7M | New |
| RGLD Royal Gold Inc. | 0.66% | 12,200 | $2.7M | Reduce -20.3% |
| EYE National Vision Holdings Inc. | 0.66% | 105,000 | $2.7M | New |
| HUM Humana Inc. | 0.65% | 10,500 | $2.7M | New |
| VITL Vital Farms Inc. | 0.65% | 84,000 | $2.7M | Add +100.0% |
| PAYC Paycom Software Inc. | 0.65% | 16,800 | $2.7M | Add +14.3% |
| B Barrick Mining Corp. | 0.64% | 61,000 | $2.7M | Reduce -60.1% |
| SBUX Starbucks Corp. | 0.64% | 31,500 | $2.7M | New |
| IRTC Irhythm Holdings Inc. | 0.63% | 14,700 | $2.6M | New |
| UBER Uber Technologies Inc. | 0.62% | 31,500 | $2.6M | New |
| APA Apa Corp. | 0.62% | 105,000 | $2.6M | Add +66.7% |
| NXT Nextpower Inc. | 0.62% | 29,400 | $2.6M | Add +40.0% |
| ALNY Alnylam Pharmaceuticals Inc. | 0.61% | 6,300 | $2.5M | New |
| INCY Incyte Corp. | 0.60% | 25,200 | $2.5M | Reduce -20.0% |
| ANIP Ani Pharmaceuticals Inc. | 0.60% | 31,500 | $2.5M | New |
| ACMR Acm Research Inc. Class A | 0.60% | 63,000 | $2.5M | Add +20.0% |
| ULS Ul Solutions Inc. Class A | 0.60% | 31,500 | $2.5M | New |
| TEM Tempus AI Inc. Class A | 0.60% | 42,000 | $2.5M | Add +100.0% |
| TASK Taskus Inc. Class A | 0.60% | 210,000 | $2.5M | New |
| PRAX Praxis Precision Medicines I | 0.60% | 8,400 | $2.5M | Reduce -20.0% |
| CPRX Catalyst Pharmaceuticals Inc. | 0.59% | 105,000 | $2.5M | Reduce -28.6% |
| CRMD Cormedix Inc. | 0.59% | 210,000 | $2.4M | Reduce -33.3% |
| PHAT Phathom Pharmaceuticals Inc. | 0.59% | 147,000 | $2.4M | New |
| RPRX Royalty Pharma PLC Class A | 0.59% | 63,000 | $2.4M | New |
| SLB SLB Ltd. filed as SLB LIMITED | 0.58% | 63,000 | $2.4M | Add +50.0% |
| OZK Bank Ozk | 0.58% | 52,500 | $2.4M | Add +25.0% |
| EEFT Euronet Worldwide Inc. | 0.58% | 31,500 | $2.4M | No change |
| HRMY Harmony Biosciences Holdings | 0.57% | 63,000 | $2.4M | Add +50.0% |
| AGI Alamos Gold Inc. Class A | 0.57% | 61,000 | $2.4M | Add +19.6% |
| ALLE Allegion PLC | 0.57% | 14,700 | $2.3M | New |
| BFH Bread Financial Holdings Inc. | 0.56% | 31,500 | $2.3M | No change |
| ARRY Array Technologies Inc. | 0.56% | 252,000 | $2.3M | New |
| GHC Graham Holdings Co. Class B | 0.56% | 2,100 | $2.3M | New |
| RIGL Rigel Pharmaceuticals Inc. | 0.54% | 52,500 | $2.2M | New |
| CQP Cheniere Energy Partners LP | 0.54% | 42,000 | $2.2M | Add +100.0% |
| QLYS Qualys Inc. | 0.54% | 16,800 | $2.2M | Reduce -33.3% |
| YOU Clear Secure Inc. Class A | 0.53% | 63,000 | $2.2M | Add +50.0% |
| DOLE Dole PLC | 0.53% | 147,000 | $2.2M | No change |
| SSNC Ss&c Technologies Holdings | 0.53% | 25,200 | $2.2M | New |
| SHLS Shoals Technologies Group -A | 0.52% | 252,000 | $2.1M | Add +140.0% |
| SEDG Solaredge Technologies Inc. | 0.51% | 73,500 | $2.1M | New |
| NOMD Nomad Foods Ltd. | 0.51% | 168,000 | $2.1M | New |
| VIRT Virtu Financial Inc. Class A | 0.51% | 63,000 | $2.1M | No change |
| INVA Innoviva Inc. | 0.51% | 105,000 | $2.1M | Add +150.0% |
| CHWY Chewy Inc. Class A | 0.50% | 63,000 | $2.1M | Add +20.0% |
| AEM Agnico Eagle Mines Ltd. | 0.50% | 12,200 | $2.1M | Reduce -52.2% |
| GCT Gigacloud Technology Inc. Class A | 0.50% | 52,500 | $2.1M | Reduce -58.3% |
| PAGS Pagseguro Digital Ltd. Class A | 0.49% | 210,000 | $2.0M | New |
| MOS The Mosaic Co. | 0.49% | 84,000 | $2.0M | No change |
| MDT Medtronic PLC | 0.49% | 21,000 | $2.0M | New |
| NTRS Northern Trust Corp. | 0.49% | 14,700 | $2.0M | Add +40.0% |
| HCSG Healthcare Services Group | 0.49% | 105,000 | $2.0M | Add +25.0% |
| IDCC Interdigital Inc. | 0.48% | 6,300 | $2.0M | No change |
| STOK Stoke Therapeutics Inc. | 0.48% | 63,000 | $2.0M | New |
| PAY Paymentus Holdings Inc. Class A | 0.48% | 63,000 | $2.0M | Reduce -14.3% |
| PSKY Paramount Skydance Class B | 0.48% | 147,000 | $2.0M | New |
| BCRX Biocryst Pharmaceuticals Inc. | 0.48% | 252,000 | $2.0M | Add +20.0% |
| OLED Universal Display Corp. | 0.47% | 16,800 | $2.0M | New |
| JOBY Joby Aviation Inc. | 0.47% | 147,000 | $1.9M | New |
| REYN Reynolds Consumer Products I | 0.47% | 84,000 | $1.9M | Reduce -20.0% |
| PTCT PTC Therapeutics Inc. | 0.46% | 25,200 | $1.9M | Reduce -60.0% |
| HSY The Hershey Co. | 0.46% | 10,500 | $1.9M | No change |
| BMRN Biomarin Pharmaceutical Inc. | 0.45% | 31,500 | $1.9M | Add +50.0% |
| LNC Lincoln National Corp. | 0.45% | 42,000 | $1.9M | No change |
Portfolio Sells Q3 2025 → Q4 2025
| TGTX TG Therapeutics Inc. | Sold out | 0.00% | −0.99 |
| ATEN A10 Networks Inc. | Sold out | 0.00% | −0.83 |
| LULU Lululemon Athletica Inc. | Sold out | 0.00% | −0.81 |
| GLOB Globant SA | Sold out | 0.00% | −0.78 |
| FFIV F5 Inc. | Sold out | 0.00% | −0.73 |
| MTB M & T Bank Corp. | Sold out | 0.00% | −0.72 |
| YELP Yelp Inc. | Sold out | 0.00% | −0.71 |
| DBX Dropbox Inc. Class A | Sold out | 0.00% | −0.69 |
| EPAM Epam Systems Inc. | Sold out | 0.00% | −0.69 |
| ALGN Align Technology Inc. | Sold out | 0.00% | −0.68 |
| TWLO Twilio Inc. Class A | Sold out | 0.00% | −0.68 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −0.67 |
| DOCU Docusign Inc. | Sold out | 0.00% | −0.66 |
| FDS Factset Research Systems Inc. | Sold out | 0.00% | −0.65 |
| MD Pediatrix Medical Group Inc. | Sold out | 0.00% | −0.61 |
| ASAN Asana Inc. Class A | Sold out | 0.00% | −0.61 |
| GO Grocery Outlet Holding Corp. | Sold out | 0.00% | −0.58 |
| LBRDA Liberty Broadband-A | Sold out | 0.00% | −0.58 |
| UPS United Parcel Service Class B | Sold out | 0.00% | −0.57 |
| NCLH Norwegian Cruise Line Holdin | Sold out | 0.00% | −0.56 |
| DV Doubleverify Holdings Inc. | Sold out | 0.00% | −0.54 |
| PGY Pagaya Technologies Ltd. Class A | Sold out | 0.00% | −0.54 |
| CPAY Corpay Inc. | Sold out | 0.00% | −0.52 |
| IART Integra Lifesciences Holding | Sold out | 0.00% | −0.52 |
| ZION Zions Bancorp NA | Sold out | 0.00% | −0.51 |
| AAL American Airlines Group Inc. | Sold out | 0.00% | −0.51 |
| SSYS Stratasys Ltd. | Sold out | 0.00% | −0.51 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −0.50 |
| LQDT Liquidity Services Inc. | Sold out | 0.00% | −0.50 |
| CSCO Cisco Systems Inc. | Sold out | 0.00% | −0.50 |
| CAKE The Cheesecake Factory Inc. | Sold out | 0.00% | −0.50 |
| BRBR Bellring Brands Inc. | Sold out | 0.00% | −0.50 |
| SYF Synchrony Financial | Sold out | 0.00% | −0.48 |
| BL Blackline Inc. | Sold out | 0.00% | −0.48 |
| ALRM Alarm.com Holdings Inc. | Sold out | 0.00% | −0.48 |
| COCO The Vita Coco Co. Inc. | Sold out | 0.00% | −0.48 |
| PLNT Planet Fitness Inc. Class A | Sold out | 0.00% | −0.47 |
| IBKR Interactive Brokers Gro Class A | Sold out | 0.00% | −0.47 |
| PRLB Proto Labs Inc. | Sold out | 0.00% | −0.46 |
| SMPL The Simply Good Foods Co. | Sold out | 0.00% | −0.45 |
| WBD Warner Bros Discovery Inc. | Sold out | 0.00% | −0.44 |
| B Barrick Mining Corp. | Reduce -60.1% | 0.64% | −0.44 |
| CPB The Campbell's Company | Reduce -37.5% | 0.71% | −0.44 |
| LUV Southwest Airlines Co. | Sold out | 0.00% | −0.44 |
| PCTY Paylocity Holding Corp. | Sold out | 0.00% | −0.43 |
| AEM Agnico Eagle Mines Ltd. | Reduce -52.2% | 0.50% | −0.43 |
| CMCSA Comcast Corp. Class A | Sold out | 0.00% | −0.43 |
| FTDR Frontdoor Inc. | Sold out | 0.00% | −0.43 |
| PNFP Pinnacle Financial Partners | Sold out | 0.00% | −0.43 |
| BJ Bj's Wholesale Club Holdings | Sold out | 0.00% | −0.42 |
Portfolio Buys Q3 2025 → Q4 2025
| QCOM Qualcomm Inc. | New | 1.13% | +1.13 |
| CHKP Check Point Software Tech | New | 0.94% | +0.94 |
| NUTX Nutex Health Inc. | New | 0.84% | +0.84 |
| CVS CVS Health Corp. | New | 0.81% | +0.81 |
| TR Tootsie Roll Inds | New | 0.74% | +0.74 |
| CSIQ Canadian Solar Inc. | New | 0.72% | +0.72 |
| VZ Verizon Communications Inc. | New | 0.72% | +0.72 |
| DLO Dlocal Ltd. | New | 0.72% | +0.72 |
| KO The Coca-Cola Co. | New | 0.71% | +0.71 |
| APTV Aptiv PLC | New | 0.70% | +0.70 |
| AMGN Amgen Inc. | New | 0.66% | +0.66 |
| MTCH Match Group Inc. | New | 0.66% | +0.66 |
| EYE National Vision Holdings Inc. | New | 0.66% | +0.66 |
| HUM Humana Inc. | New | 0.65% | +0.65 |
| SBUX Starbucks Corp. | New | 0.64% | +0.64 |
| IRTC Irhythm Holdings Inc. | New | 0.63% | +0.63 |
| UBER Uber Technologies Inc. | New | 0.62% | +0.62 |
| ALNY Alnylam Pharmaceuticals Inc. | New | 0.61% | +0.61 |
| ANIP Ani Pharmaceuticals Inc. | New | 0.60% | +0.60 |
| ULS Ul Solutions Inc. Class A | New | 0.60% | +0.60 |
| TASK Taskus Inc. Class A | New | 0.60% | +0.60 |
| PHAT Phathom Pharmaceuticals Inc. | New | 0.59% | +0.59 |
| RPRX Royalty Pharma PLC Class A | New | 0.59% | +0.59 |
| ALLE Allegion PLC | New | 0.57% | +0.57 |
| ARRY Array Technologies Inc. | New | 0.56% | +0.56 |
| GHC Graham Holdings Co. Class B | New | 0.56% | +0.56 |
| RIGL Rigel Pharmaceuticals Inc. | New | 0.54% | +0.54 |
| SSNC Ss&c Technologies Holdings | New | 0.53% | +0.53 |
| UI Ubiquiti Inc. | Add +100.0% | 1.12% | +0.52 |
| ETSY Etsy Inc. | Add +100.0% | 1.13% | +0.52 |
| SEDG Solaredge Technologies Inc. | New | 0.51% | +0.51 |
| NOMD Nomad Foods Ltd. | New | 0.51% | +0.51 |
| PAGS Pagseguro Digital Ltd. Class A | New | 0.49% | +0.49 |
| MDT Medtronic PLC | New | 0.49% | +0.49 |
| STOK Stoke Therapeutics Inc. | New | 0.48% | +0.48 |
| PSKY Paramount Skydance Class B | New | 0.48% | +0.48 |
| OLED Universal Display Corp. | New | 0.47% | +0.47 |
| JOBY Joby Aviation Inc. | New | 0.47% | +0.47 |
| SNOW Snowflake Inc. | New | 0.45% | +0.45 |
| EBAY eBay Inc. | New | 0.44% | +0.44 |
| EVLV Evolv Technologies Holdings | New | 0.44% | +0.44 |
| PSIX Power Solutions Internationa | New | 0.43% | +0.43 |
| VSAT Viasat Inc. | Add +100.0% | 0.70% | +0.43 |
| TMDX Transmedics Group Inc. | New | 0.43% | +0.43 |
| CNXC Concentrix Corp. | Add +100.0% | 0.84% | +0.42 |
| AMPX Amprius Technologies Inc. | New | 0.40% | +0.40 |
| SIBN Si-Bone Inc. | New | 0.40% | +0.40 |
| BEPC Brookfield Renewable Corp. | New | 0.39% | +0.39 |
| TLN Talen Energy Corp. | New | 0.38% | +0.38 |
| DVN Devon Energy Corp. | New | 0.37% | +0.37 |
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 |