SEC 13F Intelligence

Managers / Q1 2026

HUSSMAN STRATEGIC ADVISORS, INC.

CIK 0001179475 · 6021 UNIVERSITY BLVD., SUITE 490, ELLICOTT CITY, MD, 21043 · (410) 715-1130

Reported Value
$463M
Q1 2026
Positions
268
Filings on Record
30
2019–present window
Filed
May 11, 2026
original filing

Summary

Hussman Strategic Advisors, Inc. reported $463M in U.S.-listed holdings across 268 positions for Q1 2026.

Its largest position, HTD, represents 1.1% of the portfolio.

Compared with Q4 2025, the fund opened 97 new positions and exited 81.

Portfolio Metrics

Turnover
+39.8%
vs prior filed quarter
Top-10 Concentration
+9.3%
share of reported value
Largest Position
+1.1%
Corcept Therapeutics
New / Exited
97 / 81
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $414MQ4 ’18Q1 ’19: $409MQ2 ’19: $358MQ3 ’19: $353MQ4 ’19: $314MQ4 ’19Q1 ’20: $371MQ2 ’20: $392MQ3 ’20: $378MQ4 ’20: $381MQ4 ’20Q1 ’21: $486MQ2 ’21: $483MQ3 ’21: $454MQ4 ’21: $456MQ4 ’21Q1 ’22: $515MQ3 ’22: $579MQ4 ’22: $614MQ1 ’23: $637MQ1 ’23Q2 ’23: $543MQ3 ’23: $524MQ4 ’23: $440MQ1 ’24: $430MQ1 ’24Q2 ’24: $363MQ3 ’24: $407MQ4 ’24: $338MQ1 ’25: $413MQ1 ’25Q2 ’25: $438MQ3 ’25: $462MQ4 ’25: $414MQ1 ’26: $463MQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 84.6%Other: 13.1%REIT: 0.8%MLP: 0.6%ETP: 0.5%Other: 0.5%
  • Common Stock · 84.6% · $391M
  • Other · 13.1% · $61M
  • REIT · 0.8% · $4M
  • MLP · 0.6% · $3M
  • ETP · 0.5% · $2M
  • Other · 0.5% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ULTAULTA BEAUTY INCNEW+7.3K7.3K+$4M$4M
AEOAMERICAN EAGLE OUTFITTERS INNEW+210.0K210.0K+$4M$4M
COLLCOLLEGIUM PHARMACEUTICAL INCNEW+105.0K105.0K+$3M$3M
QIAGEN NVNEW+84.0K84.0K+$3M$3M
AMRCAMERESCO INCNEW+126.0K126.0K+$3M$3M
QSRRESTAURANT BRANDS INTL INCNEW+42.0K42.0K+$3M$3M
FSLYFASTLY INCNEW+105.0K105.0K+$3M$3M
BROOKFIELD INFRASTRUCTURE PANEW+84.0K84.0K+$3M$3M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1HTDCORCEPT THERAPEUTICS INChistory →COM1.10%$5M126.0K
2UNFIUNITED NAT FOODS INChistory →COM1.02%$5M105.0K
3CPBTHE CAMPBELLS COMPANYhistory →COM1.01%$5M210.0K
4APAAPA CORPORATIONhistory →COM0.96%$4M105.0K
5ETSYETSY INChistory →COM0.91%$4M84.0K
6BSFAANI PHARMACEUTICALS INChistory →COM0.87%$4M52.5K
7CNXCCONCENTRIX CORPhistory →COM0.87%$4M147.0K
8SEZLSEZZLE INChistory →COM0.86%$4M63.0K
9ULTAULTA BEAUTY INChistory →COM0.83%$4M7.3K
10PSIXPOWER SOLUTIONS INTL INChistory →COM NEW0.83%$4M63.0K
11DGDOLLAR GEN CORPhistory →COM0.81%$4M31.5K
12ACADACADIA PHARMACEUTICALS INChistory →COM0.81%$4M168.0K
13QLYSQUALYS INChistory →COM0.80%$4M42.0K
14PGNYPROGYNY INChistory →COM0.77%$4M210.0K
15AEOAMERICAN EAGLE OUTFITTERS INhistory →COM0.76%$4M210.0K
16COLLCOLLEGIUM PHARMACEUTICAL INChistory →COM0.75%$3M105.0K
17IRTCIRHYTHM HOLDINGS INChistory →COM0.75%$3M29.4K
18INVAINNOVIVA INChistory →COM0.74%$3M147.0K
19HALOHALOZYME THERAPEUTICS INChistory →COM0.73%$3M52.5K
20VSATVIASAT INChistory →COM0.73%$3M73.5K
21QIAGEN NVORD SHARES0.73%$3M84.0K
22TLNTALEN ENERGY CORPhistory →COM0.72%$3M10.5K
23UIUBIQUITI INChistory →COM0.72%$3M4.2K
24SEDGSOLAREDGE TECHNOLOGIES INChistory →COM0.70%$3M63.0K
25AMRCAMERESCO INChistory →CL A0.69%$3M126.0K
26TMDXTRANSMEDICS GROUP INChistory →COM0.68%$3M31.5K
27HCSGHEALTHCARE SVCS GROUP INChistory →COM0.67%$3M168.0K
28QSRRESTAURANT BRANDS INTL INChistory →COM0.67%$3M42.0K
29ADMARCHER DANIELS MIDLAND COhistory →COM0.66%$3M42.0K
30FSLYFASTLY INChistory →CL A0.66%$3M105.0K
31ALLEGION PLCORD SHS0.66%$3M21.0K
32CRUSCIRRUS LOGIC INChistory →COM0.66%$3M21.0K
33BROOKFIELD INFRASTRUCTURE PALP INT UNIT0.66%$3M84.0K
34MEDPMEDPACE HLDGS INChistory →COM0.65%$3M6.3K
35CVSCVS HEALTH CORPhistory →COM0.65%$3M42.0K
36CHECK POINT SOFTWARE TECH LTORD0.65%$3M21.0K
37PRLBPROTO LABS INChistory →COM0.65%$3M52.5K
38INCYINCYTE CORPhistory →COM0.64%$3M31.5K
39S7VSALLY BEAUTY HLDGS INChistory →COM0.63%$3M210.0K
40FLNCFLUENCE ENERGY INChistory →COM CL A0.62%$3M210.0K
41FIVEFIVE BELOW INChistory →COM0.62%$3M12.6K
42VCVISTEON CORPhistory →COM NEW0.62%$3M31.5K
43SHOOMADDEN STEVEN LTDhistory →COM0.62%$3M84.0K
44EPAMEPAM SYS INChistory →COM0.61%$3M21.0K
45LYFTLYFT INChistory →CL A COM0.60%$3M210.0K
46TRTOOTSIE ROLL INDS INChistory →COM0.60%$3M64.9K
47NBIXNEUROCRINE BIOSCIENCES INChistory →COM0.60%$3M21.0K
48SHLSSHOALS TECHNOLOGIES GROUP INhistory →CL A0.60%$3M420.0K
49STOKSTOKE THERAPEUTICS INChistory →COM0.59%$3M84.0K
50DLOCAL LTDCLASS A COM0.59%$3M210.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$463M268May 11, 202613F-HRchanges · EDGAR ↗
Q4 2025$414M252Feb 2, 202613F-HRchanges · EDGAR ↗
Q3 2025$462M270Nov 3, 202513F-HRchanges · EDGAR ↗
Q2 2025$438M210Aug 5, 202513F-HRchanges · EDGAR ↗
Q1 2025$413M232May 5, 202513F-HRchanges · EDGAR ↗
Q4 2024$338M234Feb 3, 202513F-HRchanges · EDGAR ↗
Q3 2024$407M216Nov 1, 202413F-HRchanges · EDGAR ↗
Q2 2024$363M232Aug 1, 202413F-HRchanges · EDGAR ↗
Q1 2024$430M216May 1, 202413F-HRchanges · EDGAR ↗
Q4 2023$440M222Feb 1, 202413F-HRchanges · EDGAR ↗
Q3 2023$524M296Nov 8, 202313F-HRchanges · EDGAR ↗
Q2 2023$543M294Aug 3, 202313F-HRchanges · EDGAR ↗
Q1 2023$637M330May 5, 202313F-HRchanges · EDGAR ↗
Q4 2022$614M311Feb 8, 202313F-HRchanges · EDGAR ↗
Q3 2022$579M308Nov 2, 202213F-HRchanges · EDGAR ↗
Q1 2022$515M332May 4, 202213F-HRchanges · EDGAR ↗
Q4 2021$456M319Jan 31, 202213F-HRchanges · EDGAR ↗
Q3 2021$454M316Nov 1, 202113F-HRchanges · EDGAR ↗
Q2 2021$483M336Aug 3, 202113F-HRchanges · EDGAR ↗
Q1 2021$486M325May 3, 202113F-HRchanges · EDGAR ↗
Q4 2020$381M270Feb 1, 202113F-HRchanges · EDGAR ↗
Q3 2020$378M260Nov 2, 202013F-HRchanges · EDGAR ↗
Q2 2020$392M259Jul 31, 202013F-HRchanges · EDGAR ↗
Q1 2020$371M271May 1, 202013F-HRchanges · EDGAR ↗
Q4 2019$314M201Jan 31, 202013F-HRchanges · EDGAR ↗
Q3 2019$353M197Oct 31, 201913F-HRchanges · EDGAR ↗
Q2 2019$358M183Jul 31, 201913F-HRchanges · EDGAR ↗
Q1 2019$409M241May 1, 201913F-HRchanges · EDGAR ↗
Q4 2018$414M261Feb 1, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.