HENDLEY & CO INC

CIK 0001084207 · Q2 2026

13F Equity AUM

$283K

+4.5% QoQ

Positions

+2 QoQ

AUM Rank

#8,689

Top 99%

Skill Alpha (FF)

+0.0%/yr^ns

No Clear Edge

Rank #2,759 · Top 33%

vs S&P -1.3%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 34.1%Top 10: 52.2%Top 20: 76.0%

BRK/B9.1%

V8.3%

APH6.6%

AAPL6.1%

MSFT4.1%

WPM4.0%

PH3.7%

ETN3.5%

AMZN3.5%

UNP3.4%

Others (37)47.8%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services19.9%

Technology17.6%

Industrials12.7%

Healthcare9.3%

Energy9.1%

Consumer Defensive8.6%

Basic Materials6.8%

Consumer Cyclical5.8%

Other10.2%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 47Median: 1.57%Avg: 2.13%

0–0.5%

9(1.9%)

0.5–1%

5(3.5%)

1–3%

22(39.2%)

3–5%

7(25.4%)

5%+

4(30.0%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 47vs 20 funds

0%Low

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New5Increased14Decreased24Exited3

New Positions

HONEYWELL TECHNOLOGI…1.1%

+14K

HONEYWELL AEROSPACE,…1.1%

+14K

BKH1.1%

+42K

EXXONMOBIL CORP0.8%

+17K

INTC0.1%

+1K

Increased

SLB1.9%

+37K(+47%)

BF/B0.5%

+21K(+67%)

TJX1.2%

+19K(+566%)

WPM4.0%

+7K(+8%)

GOOG1.9%

+5K(+47%)

AEP1.9%

+2K(+4%)

AAPL6.1%

+1K(+2%)

UNP3.4%

+719(+2%)

ETN3.5%

+218(+1%)

4I11.5%

+190(+1%)

Decreased

APH6.6%

-23,925(-19%)

MSFT4.1%

-12,035(-28%)

CHV2.3%

-1,907(-5%)

EOG2.0%

-1,201(-3%)

ABT3.1%

-1,030(-1%)

AMZN3.5%

-760(-2%)

FDS1.6%

-692(-3%)

PG2.3%

-562(-1%)

EQT0.7%

-500(-1%)

V8.3%

-444(-1%)

Exited

HON

-24,522

XOM

-13,462

AMD

-7,665

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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