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Hussman Strategic Advisors, Inc.

SEC CIK
0001179475
Latest filing
Nov 2, 2026

The latest 13F from Hussman Strategic Advisors, Inc. covers Q3 2026 (filed Nov 2, 2026): 263 long positions worth $468.6M. The top 10 holdings make up 9.7% of the portfolio, and the largest is PepsiCo Inc (PEP) at 1.1%. Livermore has 23 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q3 2026

Full comparison

Share counts compared with Q2 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

New
88
Est. +$142.9M
Added
47
Est. +$52.9M
Reduced
45
Est. −$52.0M
Sold out
56
Est. −$106.8M

Top 5 holdings

Share of this quarter's portfolio value

  1. PEPPepsiCo Inc
    1.1%$5.32MHistory
  2. BIIBBiogen Inc.
    1.0%$4.74MHistory
  3. UNFIUnited Natural Foods Inc
    1.0%$4.70MHistory
  4. CRICarters Inc
    1.0%$4.60MHistory
  5. ETSYEtsy Inc
    1.0%$4.50MHistory

Share of portfolio

Top 5 holdings and the other 258 positions, by share of portfolio value

  1. PEP1.1%
  2. BIIB1.0%
  3. UNFI1.0%
  4. CRI1.0%
  5. ETSY1.0%
  6. Other 258 positions94.9%

Biggest buys

New and added positions, by estimated amount bought

  1. NUTXNutex Health Inc.
    +$4.44MNewHistory
  2. UPSUnited Parcel Service Inc
    +$3.92MNewHistory
  3. QCOMQualcomm Inc
    +$3.86MNewHistory
  4. ECGEverus Construction Group, Inc.
    +$3.70MNewHistory
  5. SEZLSezzle Inc.
    +$3.40MNewHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. NUTXNutex Health Inc.
    +0.95 pp0.0% → 0.9%History
  2. UPSUnited Parcel Service Inc
    +0.84 pp0.0% → 0.8%History
  3. QCOMQualcomm Inc
    +0.82 pp0.0% → 0.8%History
  4. ECGEverus Construction Group, Inc.
    +0.79 pp0.0% → 0.8%History
  5. SEZLSezzle Inc.
    +0.73 pp0.0% → 0.7%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. UIUbiquiti Inc.
    −$5.05MSold outHistory
  2. HSYHershey Co
    −$4.42MSold outHistory
  3. NEMNEWMONT Corp
    −$3.52MReducedHistory
  4. BBarrick Mining Corp
    −$3.47MReducedHistory
  5. TRTootsie Roll Industries Inc
    −$3.32MSold outHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. UIUbiquiti Inc.
    −1.16 pp1.2% → 0.0%History
  2. HSYHershey Co
    −1.02 pp1.0% → 0.0%History
  3. TRTootsie Roll Industries Inc
    −0.77 pp0.8% → 0.0%History
  4. CRMSalesforce, Inc.
    −0.76 pp0.8% → 0.0%History
  5. BBarrick Mining Corp
    −0.72 pp0.8% → 0.1%History

Metrics

13F metrics for Q3 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$468.6M
+$34.6M (+8.0%) vs. prior quarter
Positions
263
+32 vs. prior quarter
Top 10 concentration
9.7%
Top 10 as share of value
Turnover
35.2%
Q3 2026, one quarter
Average holding period
3.9 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

23 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $637.3M (Q1 2023)

Q1 2021: $485.6MQ2 2021: $482.7MQ3 2021: $453.6MQ4 2021: $455.7MQ1 2022: $514.9MQ2 2022: $580.0MQ3 2022: $579.4MQ4 2022: $614.0MQ1 2023: $637.3MQ2 2023: $543.5MQ3 2023: $523.9MQ4 2023: $439.9MQ1 2024: $430.0MQ2 2024: $363.0MQ3 2024: $407.1MQ4 2024: $338.5MQ1 2025: $412.6MQ2 2025: $437.6MQ3 2025: $461.8MQ4 2025: $413.7MQ1 2026: $462.5MQ2 2026: $434.0MQ3 2026: $468.6M
Q1 2021Q3 2026
13F filings of Hussman Strategic Advisors, Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q3 2026Nov 2, 2026263$468.6MPEPBIIBUNFIvs. Q2 2026SEC
Q2 2026Aug 3, 2026231$434.0MPEPUIINCYvs. Q1 2026SEC
Q1 2026May 11, 2026268$462.5MCORTUNFICPBvs. Q4 2025SEC
Q4 2025Feb 2, 2026252$413.7MQCOMETSYUIvs. Q3 2025SEC
Q3 2025Nov 3, 2025270$461.8MUNFICPBCHTRvs. Q2 2025SEC
Q2 2025Aug 5, 2025210$437.6MAEMNEMBvs. Q1 2025SEC
Q1 2025May 5, 2025232$412.6MBarrick Gold CorpNEMAEMvs. Q4 2024SEC
Q4 2024Feb 3, 2025234$338.5MCPBCLVZvs. Q3 2024SEC
Q3 2024Nov 1, 2024216$407.1MBarrick Gold CorpAEMNEMvs. Q2 2024SEC
Q2 2024Aug 1, 2024232$363.0MNVOAEMBarrick Gold Corpvs. Q1 2024SEC
Q1 2024May 1, 2024216$430.0MBarrick Gold CorpAEMNEMvs. Q4 2023SEC
Q4 2023Feb 1, 2024222$439.9MBarrick Gold CorpAEMGOOGvs. Q3 2023SEC
Q3 2023Nov 8, 2023296$523.9MGOOGAEMBarrick Gold Corpvs. Q2 2023SEC
Q2 2023Aug 3, 2023294$543.5MNEMBarrick Gold CorpAEMvs. Q1 2023SEC
Q1 2023May 5, 2023330$637.3MBarrick Gold CorpNEMAEMvs. Q4 2022SEC
Q4 2022Feb 8, 2023311$614.0MBarrick Gold CorpNEMAEMvs. Q3 2022SEC
Q3 2022Nov 2, 2022308$579.4MBarrick Gold CorpNEMAEMvs. Q2 2022SEC
Q2 2022Sep 12, 2022325$580.0MBarrick Gold CorpNEMGOOGvs. Q1 2022SEC
Q1 2022May 4, 2022332$514.9MNEMBarrick Gold CorpNBRvs. Q4 2021SEC
Q4 2021Jan 31, 2022319$455.7MNEMBarrick Gold CorpIAUvs. Q3 2021SEC
Q3 2021Nov 1, 2021316$453.6MNEMBarrick Gold CorpIAUvs. Q2 2021SEC
Q2 2021Aug 3, 2021336$482.7MNEMBarrick Gold CorpSMvs. Q1 2021SEC
Q1 2021May 3, 2021325$485.6MNEMBarrick Gold CorpRGLD–SEC