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HWAM

Hennion & Walsh Asset Management Portfolio holdings

AUM $3.5B
1-Year Est. Return 41.95%
This Fund
S&P 500
This Quarter Est. Return
+4.77%
1 Year Est. Return
+41.95%
3 Year Est. Return
+93.92%
5 Year Est. Return
+100.55%
10 Year Est. Return
–
AUM
$2.9B
AUM Growth
+$137M
Cap. Flow
+$88.8M
Cap. Flow %
3.06%
Top 10 Hldgs %
17.97%
Holding
1,008
New
71
Increased
442
Reduced
400
Closed
82

Top Buys

Rank Stock Value
1
VGM icon
Invesco Trust Investment Grade Municipals
VGM
+$4.8M
2
NMZ icon
Nuveen Municipal High Income Opportunity Fund
NMZ
+$4.39M
3
MQY icon
BlackRock MuniYield Quality Fund
MQY
+$4.26M
4
IVV icon
iShares Core S&P 500 ETF
IVV
+$3.84M
5
OLMA icon
Olema Pharmaceuticals
OLMA
+$3.61M

Top Sells

Rank Stock Value
1
VRNA
Verona Pharma
VRNA
+$19.8M
2
ETNB
89bio
ETNB
+$3.65M
3
RYTM icon
Rhythm Pharmaceuticals
RYTM
+$3.59M
4
RKLB icon
Rocket Lab Corp
RKLB
+$3.39M
5
VMO icon
Invesco Municipal Opportunity Trust
VMO
+$3.16M

Sector Composition

Rank Sector Weight
1 Technology 12.53%
2 Healthcare 11.66%
3 Financials 9.01%
4 Industrials 7.22%
5 Consumer Discretionary 3.38%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IGSB icon
301
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23.3B
$2.51M 0.09%
47,494
+498
+1% +$26.4K
LEO
302
BNY Mellon Strategic Municipals
LEO
$387M
$2.5M 0.09%
393,680
-383,060
-49% -$2.4M
VFL
303
DELISTED
abrdn National Municipal Income Fund
VFL
$2.48M 0.09%
241,251
+123,244
+104% +$1.26M
VKI icon
304
Invesco Advantage Municipal Income Trust II
VKI
$398M
$2.46M 0.08%
269,226
-333,378
-55% -$2.96M
MGTX icon
305
MeiraGTx Holdings
MGTX
$1.21B
$2.45M 0.08%
308,509
+199,528
+183% +$1.66M
CCAP icon
306
Crescent Capital BDC
CCAP
$422M
$2.44M 0.08%
173,696
+8,769
+5% +$125K
BUI icon
307
BlackRock Utilities, Infrastructure & Power Opportunities Trust
BUI
$715M
$2.43M 0.08%
94,732
-2,095
-2% -$55.1K
SRE icon
308
Sempra
SRE
$55.9B
$2.43M 0.08%
27,542
-6,363
-19% -$579K
AVDL
309
DELISTED
Avadel Pharmaceuticals
AVDL
$2.42M 0.08%
112,275
+26,731
+31% +$519K
DGII icon
310
Digi International
DGII
$3.17B
$2.42M 0.08%
55,844
+1,996
+4% +$79.9K
PWZ icon
311
Invesco California AMT-Free Municipal Bond ETF
PWZ
$1.17B
$2.41M 0.08%
99,712
+22,146
+29% +$536K
BDJ icon
312
BlackRock Enhanced Equity Dividend Trust
BDJ
$1.76B
$2.4M 0.08%
253,474
-75,172
-23% -$685K
DSM
313
BNY Mellon Strategic Municipal Bond Fund
DSM
$290M
$2.4M 0.08%
388,511
-240,507
-38% -$1.44M
FNDF icon
314
Schwab Fundamental International Large Company Index ETF
FNDF
$25.6B
$2.4M 0.08%
+53,014
New +$2.35M
FE icon
315
FirstEnergy
FE
$27.1B
$2.4M 0.08%
53,512
-11,765
-18% -$540K
JMUB icon
316
JPMorgan Municipal ETF
JMUB
$8.5B
$2.39M 0.08%
47,421
-1,468
-3% -$74.3K
MHN
317
DELISTED
BlackRock MuniHoldings New Yrok Quality Fund
MHN
$2.39M 0.08%
233,729
-6,285
-3% -$65K
RMBS icon
318
Rambus
RMBS
$10.5B
$2.39M 0.08%
25,979
-516
-2% -$50.8K
SLB icon
319
SLB Ltd
SLB
$79.7B
$2.38M 0.08%
62,024
+4,107
+7% +$149K
LEU icon
320
Centrus Energy
LEU
$3.77B
$2.36M 0.08%
9,729
+2,015
+26% +$608K
EQIX icon
321
Equinix
EQIX
$102B
$2.35M 0.08%
3,073
+352
+13% +$276K
MCO icon
322
Moody's
MCO
$82.5B
$2.3M 0.08%
4,509
-1,864
-29% -$909K
SAP icon
323
SAP
SAP
$242B
$2.29M 0.08%
9,430
+1,088
+13% +$277K
MDT icon
324
Medtronic
MDT
$116B
$2.27M 0.08%
23,581
+4,592
+24% +$446K
MRCY icon
325
Mercury Systems
MRCY
$6.55B
$2.26M 0.08%
31,022
+3,226
+12% +$240K
11 12
13
14 15

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Hennion & Walsh Asset Management's Q4 2025 Portfolio in Review

As of Q4 2025, Hennion & Walsh Asset Management held 1,008 positions worth $2.9B, up 5% from $2.76B the previous quarter. Its ten largest holdings account for 18% of the portfolio.

Hennion & Walsh Asset Management deployed $88.8M of net new capital in Q4 2025, opening 71 new positions and adding to 442 existing holdings. Its largest new stake was Schwab Fundamental International Large Company Index ETF: 53,014 shares worth $2.4M.

By sector, the portfolio is most concentrated in Technology at 13% of assets, down from 13% a quarter earlier, followed by Healthcare and Financials.

On the sell side, the largest reduction was Rhythm Pharmaceuticals, an estimated $3.59M trimmed.

  • Hennion & Walsh Asset Management's largest Q4 2025 buy was Schwab Fundamental International Large Company Index ETF: 53,014 shares worth $2.4M.
  • Hennion & Walsh Asset Management added most to Invesco Trust Investment Grade Municipals in Q4 2025, an estimated $4.8M increase.
  • Hennion & Walsh Asset Management's biggest Q4 2025 reduction was Rhythm Pharmaceuticals, cutting an estimated $3.59M.
  • Hennion & Walsh Asset Management fully exited Verona Pharma in Q4 2025, selling an estimated $19.8M.
  • Hennion & Walsh Asset Management's ten largest holdings make up 18% of its $2.9B portfolio in Q4 2025.
  • Hennion & Walsh Asset Management opened 71 new positions and closed 82 in Q4 2025.
  • Hennion & Walsh Asset Management's portfolio value rose 5% quarter-over-quarter to $2.9B.

Based on Hennion & Walsh Asset Management's 13F filing for Q4 2025, filed 14 Jan 2026.