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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
TT icon
76
Trane Technologies
TT
$106B
$7.59M 0.26%
19,505
-2,008
-9% -$830K
LMT icon
77
Lockheed Martin
LMT
$138B
$7.59M 0.26%
15,683
+875
+6% +$419K
ISRG icon
78
Intuitive Surgical
ISRG
$141B
$7.58M 0.26%
13,379
-259
-2% -$138K
CEG icon
79
Constellation Energy
CEG
$98.9B
$7.53M 0.26%
21,311
+5,897
+38% +$2.14M
NOW icon
80
ServiceNow
NOW
$131B
$7.46M 0.26%
48,726
+2,661
+6% +$456K
IBM icon
81
IBM
IBM
$224B
$7.38M 0.25%
24,905
-686
-3% -$205K
SRLN icon
82
State Street Blackstone Senior Loan ETF
SRLN
$5.35B
$7.38M 0.25%
178,724
+12,307
+7% +$508K
COST icon
83
Costco
COST
$418B
$7.28M 0.25%
8,447
+552
+7% +$500K
AXSM icon
84
Axsome Therapeutics
AXSM
$11.2B
$7.01M 0.24%
38,386
-8,530
-18% -$1.19M
PCQ
85
Pimco California Municipal Income Fund
PCQ
$168M
$6.9M 0.24%
790,738
-269,360
-25% -$2.37M
MU icon
86
Micron Technology
MU
$968B
$6.78M 0.23%
23,743
+2,881
+14% +$661K
IGIB icon
87
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
$18.5B
$6.72M 0.23%
124,779
+5,332
+4% +$288K
ADX icon
88
Adams Diversified Equity Fund
ADX
$3.28B
$6.72M 0.23%
288,014
+9,249
+3% +$212K
WM icon
89
Waste Management
WM
$91.1B
$6.68M 0.23%
30,396
+469
+2% +$100K
BYM
90
DELISTED
BlackRock Municipal Income Quality Trust
BYM
$6.67M 0.23%
609,603
+57,942
+11% +$634K
TRGP icon
91
Targa Resources
TRGP
$57.2B
$6.61M 0.23%
35,846
-3,592
-9% -$605K
AFB
92
AllianceBernstein National Municipal Income Fund
AFB
$315M
$6.6M 0.23%
609,785
+46,568
+8% +$506K
NOC icon
93
Northrop Grumman
NOC
$81.8B
$6.5M 0.22%
11,406
+1,894
+20% +$1.1M
CSCO icon
94
Cisco
CSCO
$475B
$6.47M 0.22%
84,021
-2,483
-3% -$184K
NCDL icon
95
Nuveen Churchill Direct Lending
NCDL
$621M
$6.39M 0.22%
479,357
+60,786
+15% +$863K
PG icon
96
Procter & Gamble
PG
$337B
$6.39M 0.22%
44,592
+1,730
+4% +$255K
OIA icon
97
Invesco Municipal Income Opportunities Trust
OIA
$290M
$6.35M 0.22%
1,057,088
+496,014
+88% +$2.99M
PMM
98
Franklin Managed Municipal Income Trust
PMM
$273M
$6.33M 0.22%
1,009,350
+444,374
+79% +$2.72M
AXON
99
Axon Enterprise
AXON
$51.7B
$6.29M 0.22%
11,067
-812
-7% -$504K
SCHW
100
Charles Schwab
SCHW
$186B
$6.28M 0.22%
62,835
+1,488
+2% +$141K
2 3
4
5 6

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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.