HUSSMAN STRATEGIC ADVISORS, INC.
SEC Form 13F institutional filer · CIK 0001179475
13F-HR · 72 reported holdings · 2026-03-31
Reported long-US-equity value
$0.11B
Top-10 concentration
31.0%
HUSSMAN STRATEGIC ADVISORS, INC. — $109M AUM allocation strategy
HUSSMAN STRATEGIC ADVISORS, INC. files SEC Form 13F and reports $109M of long US equity value across 72 reported holdings for 2026-03-31.
Its largest sector bet is Consumer Staples 10.5%, followed by Consumer Discretionary 10.0% and Energy 8.0%.
The top 10 holdings account for 31% of reported value — a broadly spread portfolio. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
HUSSMAN STRATEGIC ADVISORS, INC. — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$109M
total across 72 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
31% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$AES +315K sh · +$4.37M+$DG +21K sh · +$2.35M+$ADM +21K sh · +$1.85M
Biggest trims (shares)
−$DXCM −31.5K sh · −$2.13M−$VZ −21K sh · −$358K−$SLB −21K sh · −$260K
Exited to nil (held last quarter, gone now)
$QCOM ($4.67M last qtr)$CHTR ($3.95M last qtr)$ABNB ($2.85M last qtr)$UBER ($2.57M last qtr)$MDT ($2.02M last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Oil & Gas Exploration & Production6.0%—
- Independent Power Producers & Energy Traders4.0%—
- Other Specialty Retail3.5%—
- Consumer Staples Merchandise Retail3.5%—
- Agricultural Products & Services2.8%—
- Building Products2.8%—
- Health Care Services2.8%—
- Biotechnology2.7%—
- Other holdings71.8%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $APA | APA Corporation | 105K | $4.46M | +0 | 4.1% |
| $AES | The AES Corporation | 316K | $4.38M | +315K | 4.0% |
| $ULTA | Ulta Beauty Inc | 7.35K | $3.84M | — | 3.5% |
| $DG | Dollar General Corporation | 31.5K | $3.74M | +21K | 3.4% |
| $ADM | Archer-Daniels-Midland Company | 42K | $3.05M | +21K | 2.8% |
| $ALLE | Allegion plc | 21K | $3.05M | +6.3K | 2.8% |
| $CVS | CVS Health Corporation | 42K | $3.02M | +0 | 2.8% |
| $INCY | Incyte Corp | 31.5K | $2.96M | +6.3K | 2.7% |
| $VZ | Verizon Communications Inc | 52.5K | $2.64M | -21K | 2.4% |
| $APTV | Aptiv PLC | 37.8K | $2.62M | +0 | 2.4% |
…and 62 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
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How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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