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Hennessy Advisors, Inc.
Neil J. Hennessy · Asset Manager · Quant/Systematic
Hennessy Advisors, Inc. is a publicly traded investment management firm (NASDAQ: HNNA) headquartered in Novato, California. Founded in 1989 by Neil J. Hennessy, the firm provides investment advisory services to the Hennessy Funds family, which consists of a wide variety of mutual funds and exchange-traded funds. Their product suite includes domestic equity, multi-asset, and sector-specific strategies, such as Japan-focused, technology, and energy funds. Hennessy is known for its disciplined, buy-and-hold philosophy and its focus on consistent, repeatable investment processes, often employing proprietary quantitative models for its 'Cornerstone' series. The firm has achieved growth through the strategic acquisition and integration of numerous fund families and assets over the decades.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +25.5% |
| YTD return | +14.3% |
| Sharpe ratio | 4.00 |
| Win rate | 49% |
| AUM | $1.1B |
| Inception | Oct 1, 2025 |
| Updated | Aug 20, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $1.1B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://www.hennessyadvisors.com/ |
Current Holdings
Updated on Aug 20, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| VSAT | ViaSat Inc | 9.4% | +49.6% |
| CAKE | The Cheesecake Factory | 6.8% | +66.0% |
| SANM | Sanmina Corporation | 6.8% | +27.7% |
| SNX | Synnex Corporation | 6.8% | +38.9% |
| MTZ | MasTec Inc | 5.7% | +12.3% |
| DY | Dycom Industries Inc | 5.6% | +25.4% |
| CASY | Caseys General Stores Inc | 5.6% | +36.9% |
| SNEX | Stonex Group Inc | 5.3% | +22.6% |
| CHRW | CH Robinson Worldwide Inc | 4.8% | -4.5% |
| M | Macy’s Inc | 4.7% | +16.1% |
| CCK | Crown Holdings Inc | 4.3% | +18.4% |
| ECHO | ECHO | 4.1% | -11.9% |
| JLL | Jones Lang LaSalle Incorporated | 4.1% | +21.9% |
| W | Wayfair Inc | 4.0% | +16.0% |
| GVA | Granite Construction Incorporated | 4.0% | +10.0% |
| AAL | American Airlines Group | 4.0% | +2.5% |
| LAD | Lithia Motors Inc | 3.8% | +9.5% |
| LNG | Cheniere Energy Inc | 3.4% | +4.0% |
| J | Jacobs Solutions Inc. | 3.4% | +1.6% |
| ALV | Autoliv Inc | 3.3% | -0.7% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Aug 17, 2026 | BUY | CASY | 5.5% → 5.6% |
| Aug 17, 2026 | BUY | M | 5.1% → 4.7% |
| Aug 17, 2026 | BUY | CHRW | 4.8% → 4.8% |
| Aug 17, 2026 | SELL | GVA | 4.0% → 4.0% |
| Aug 17, 2026 | SELL | ECHO | 4.1% → 4.1% |
Investment Style Analysis
Hennessy Advisors, Inc. is widely recognized for employing a Quant/Systematic strategy. As of Aug 20, 2026, the firm oversees approximately $1.1B in assets under management (AUM). The portfolio demonstrates a clear preference for the Engineering & Construction and Communication Equipment sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Aug 17, Hennessy Advisors, Inc. made a significant move by increasing exposure to CASY. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
Hennessy Advisors operates with a core belief that long-term investing success stems from a disciplined and consistent approach rather than market timing. The firm follows a buy-and-hold philosophy, focusing on selecting quality stocks and adhering to proven, repeatable strategies regardless of market conditions or short-term media headlines. They emphasize high-conviction portfolios, often utilizing quantitative models or rigorous fundamental research to maintain a transparent and predictable investment process. Their 'Shareholders First' principle guides their commitment to fiduciary duty and operational transparency.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with Hennessy Advisors, Inc..
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Frequently asked questions
How is the simulated portfolio for Hennessy Advisors, Inc. constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is Hennessy Advisors, Inc.'s largest holding?
As of the latest filing, Hennessy Advisors, Inc.'s top position is ViaSat Inc (VSAT), representing 9.4% of the portfolio. This reflects a high-conviction bet by the institution.
What is Hennessy Advisors, Inc.'s historical performance and risk profile?
Our simulation indicates a total return of +25.5% with a win rate of 49%. Notably, the portfolio maintains a Sharpe Ratio of 4.00, suggesting an exceptional level of risk-adjusted returns compared to the broader market.
What sectors does Hennessy Advisors, Inc. primarily invest in?
Hennessy Advisors, Inc. has a strong preference for the Engineering & Construction sector, which makes up 18.8% of their disclosed assets. The portfolio also has exposure to Communication Equipment, indicating a specific thematic focus.
Is Hennessy Advisors, Inc.'s portfolio concentrated or diversified?
Hennessy Advisors, Inc. runs a moderately concentrated portfolio with 20 disclosed positions. The top 3 holdings alone account for 23.1% of the total portfolio weight, suggesting a strategy that favors broader market exposure.
How has Hennessy Advisors, Inc. performed in 2026?
Our AI-simulated model portfolio for Hennessy Advisors, Inc. tracks a Year-to-Date (YTD) return of +14.3%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Neil J. Hennessy manage Hennessy Advisors, Inc. directly?
Yes, Neil J. Hennessy serves as the key portfolio manager for Hennessy Advisors, Inc., overseeing the investment strategy and final capital allocation decisions.