HWAM

Hennion & Walsh Asset Management Portfolio holdings

AUM $2.48B

1-Year Return 14.59%

2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1

This Quarter Return

+6.86%

1 Year Return

+14.59%

3 Year Return

+61.58%

5 Year Return

–

10 Year Return

–

AUM

$1.88B

AUM Growth

+$211M (+13%)

Cap. Flow

+$121M

Cap. Flow % of AUM

6.48%

Top 10 Holdings % Top 10 Hldgs %

16.43%

Holding

781

New

Increased

354

Reduced

274

Closed

Top Buys

1	Vanguard Value ETF VTV	$17.7M
2	BlackRock Municipal Income Trust II BLE	$12.6M
3	NEV NUVEEN ENHANCED MUNICIPAL VALUE FUND NEV	$6.92M
4	Nuveen AMT-Free Municipal Credit Income Fund NVG	$5.31M
5	BlackRock MuniHoldings Fund MHD	$4.73M

Top Sells

1	SPDR Bloomberg Convertible Securities ETF CWB	$20.3M
2	GWPH GW Pharmaceuticals Plc American Depositary Shares GWPH	$12.2M
3	MFT BLACKROCK MUNIYIELD INVESTMENT QUALITY FUND MFT	$9.18M
4	BSD The BlackRock Strategic Municipal Trust BSD	$4.79M
5	HZNP Horizon Therapeutics Public Limited Company Ordinary Shares HZNP	$3M

Sector Composition

1	Healthcare	16.25%
2	Technology	11.18%
3	Financials	8.29%
4	Consumer Discretionary	5.43%
5	Industrials	4.65%

Communication Services

Advertising Agencies

Broadcasting

Electronic Gaming & Multimedia

Entertainment

Internet Content & Information

Publishing

Telecom Services

Consumer Discretionary

Apparel Manufacturing

Apparel Retail

Auto Manufacturers

Auto Parts

Auto & Truck Dealerships

Department Stores

Footwear & Accessories

Furnishings, Fixtures & Appliances

Gambling

Home Improvement Retail

Internet Retail

Leisure

Lodging

Luxury Goods

Packaging & Containers

Personal Services

Recreational Vehicles

Residential Construction

Resorts & Casinos

Restaurants

Specialty Retail

Textile Manufacturing

Travel Services

Consumer Staples

Beverages - Brewers

Beverages - Non-Alcoholic

Beverages - Wineries & Distilleries

Confectioners

Discount Stores

Education & Training Services

Farm Products

Food Distribution

Grocery Stores

Household & Personal Products

Packaged Foods

Tobacco

Energy

Oil & Gas Drilling

Oil & Gas Equipment & Services

Oil & Gas Exploration & Production

Oil & Gas Integrated

Oil & Gas Midstream

Oil & Gas Refining & Marketing

Thermal Coal

Uranium

Financials

Asset Management

Banks - Diversified

Banks - Regional

Capital Markets

Credit Services

Diversified Insurance

Financial Conglomerates

Financial Data & Stock Exchanges

Insurance Brokers

Life Insurance

Mortgage Finance

Property & Casualty Insurance

Reinsurance

Shell Companies

Specialty - Insurance

Healthcare

Biotechnology

Diagnostics & Research

Drug Manufacturers - General

Drug Manufacturers - Specialty & Generic

Healthcare Plans

Health Information Services

Medical Care Facilities

Medical Devices

Medical Distribution

Medical Instruments & Supplies

Pharmaceutical Retailers

Industrials

Aerospace & Defense

Airlines

Airports & Air Services

Building Products & Equipment

Business Equipment & Supplies

Conglomerates

Consulting Services

Electrical Equipment & Parts

Engineering & Construction

Farm & Heavy Construction Machinery

Industrial Distribution

Infrastructure Operations

Integrated Freight & Logistics

Marine Shipping

Metal Fabrication

Pollution & Treatment Controls

Railroads

Rental & Leasing Services

Security & Protection Services

Specialty Business Services

Specialty Industrial Machinery

Staffing & Employment Services

Tools & Accessories

Trucking

Waste Management

Materials

Agricultural Inputs

Aluminum

Building Materials

Chemicals

Coking Coal

Copper

Gold

Lumber & Wood Production

Other Industrial Metals & Mining

Other Precious Metals & Mining

Paper & Paper Products

Silver

Specialty Chemicals

Steel

Real Estate

Diversified REIT

Healthcare Facilities REIT

Hotel & Motel REIT

Industrial REIT

Mortgage REIT

Office REIT

Real Estate Development

Real Estate Diversified

Real Estate Services

Residential REIT

Retail REIT

Specialty REIT

Technology

Communication Equipment

Computer Hardware

Consumer Electronics

Electronic Components

Electronics & Computer Distribution

Information Technology Services

Scientific & Technical Instruments

Semiconductor Equipment & Materials

Semiconductors

Software - Application

Software - Infrastructure

Solar

Utilities

Diversified Utilities

Electric Utilities

Gas Utilities

Independent Power Producers

Renewable Electricity

Water Utilities

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
651	651 Invesco Leisure and Entertainment ETF PEJ $362M	$261K	0.01%	+5,000	New	+$261K
652	652 Southern Copper SCCO $83.6B	$261K	0.01%	+4,261	New	+$261K
653	653 Halliburton HAL $18.8B	$259K	0.01%	11,185 -704	-6%	-$16.3K
654	654 Vistra VST $63.7B	$259K	0.01%	+13,976	New	+$259K
655	655 ASML ASML $307B	$256K	0.01%	371 +14	+4%	+$9.66K
656	656 Kelly Services Class A KELYA $489M	$256K	0.01%	10,662 -494	-4%	-$11.9K
657	657 Owens Corning OC $13B	$256K	0.01%	+2,619	New	+$256K
658	658 Gen Digital GEN $18.2B	$255K	0.01%	+9,357	New	+$255K
659	659 Lear LEA $5.91B	$253K	0.01%	1,445	–	–
660	VTA 660 DELISTED INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND VTA	$253K	0.01%	21,348 +5,735	+37%	+$68K
661	661 Cardinal Health CAH $35.7B	$251K	0.01%	4,393 -38	-0.9%	-$2.17K
662	662 First American FAF $6.83B	$250K	0.01%	4,011 +270	+7%	+$16.8K
663	663 Invesco Mortgage Capital IVR $529M	$250K	0.01%	6,399 -302	-5%	-$11.8K
664	664 Horizon Technology Finance HRZN $294M	$249K	0.01%	14,436 -101	-0.7%	-$1.74K
665	665 NETGEAR NTGR $811M	$249K	0.01%	+6,503	New	+$249K
666	PIM 666 Putnam Master Intermediate Income Trust PIM $163M	$249K	0.01%	59,471 -1,461	-2%	-$6.12K
667	667 Invesco Building & Construction ETF PKB $291M	$248K	0.01%	+5,000	New	+$248K
668	668 Amneal Pharmaceuticals AMRX $3.02B	$247K	0.01%	+48,170	New	+$247K
669	669 Toll Brothers TOL $14.2B	$247K	0.01%	+4,274	New	+$247K
670	670 Trinseo TSE $88.1M	$246K	0.01%	+4,117	New	+$246K
671	671 Avnet AVT $4.49B	$245K	0.01%	+6,113	New	+$245K
672	672 Reliance Steel & Aluminium RS $15.7B	$244K	0.01%	+1,620	New	+$244K
673	673 Westlake Corp WLK $11.5B	$242K	0.01%	+2,682	New	+$242K
674	674 Archrock AROC $4.44B	$241K	0.01%	27,085 +14,216	+110%	+$126K
675	675 A10 Networks ATEN $1.27B	$241K	0.01%	+21,434	New	+$241K