Hennion & Walsh Asset Management, Inc.

CIK 0001861642 · Q2 2026

13F Equity AUM

$3.5B

+17.9% QoQ

Positions

955

+27 QoQ

AUM Rank

#1,085

Top 12%

Skill Alpha (FF)

-4.4%/yr^ns

No Clear Edge

Rank #7,478 · Top 90%

vs S&P -5.6%/yr (unadj.)

Quarters Tracked

~5 years

Portfolio Concentration

Top 5: 10.5%Top 10: 16.7%Top 20: 25.2%

IVV4.1%

DDWM1.9%

VTV1.5%

XCEM1.5%

MQY1.5%

ISPY1.4%

DYNF1.3%

JSML1.3%

IGEB1.1%

GSLC1.1%

Others (945)83.3%

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

Sector Allocation

Financial Services50.4%

Technology14.7%

Healthcare10.3%

Industrials8.3%

Utilities3.5%

Consumer Cyclical2.8%

Consumer Defensive2.2%

Communication Services2.1%

Other5.7%

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

Position Sizing

Positions: 955Median: 0.04%Avg: 0.10%

0–0.5%

922(67.2%)

0.5–1%

22(15.1%)

1–3%

10(13.7%)

3–5%

1(4.1%)

5%+

0(0.0%)

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

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Portfolio Overlap

Shared: 0Unique: 955vs 20 funds

0%Low

955

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

New91Increased488Decreased371Exited64

New Positions

DYNF1.3%

+664K

AIVC0.7%

+210K

AVDE0.5%

+204K

AGX0.1%

+4K

IDMO0.1%

+125K

ALKS0.1%

+47K

TLX0.1%

+150K

VTRS0.1%

+105K

ALLO0.0%

+723K

SPRY0.0%

+176K

Increased

OCGN0.1%

+1.6M(+122%)

LEO0.3%

+885K(+111%)

DSM0.3%

+690K(+88%)

VKQ0.3%

+661K(+237%)

VMO0.4%

+605K(+90%)

GON0.0%

+604K(+152%)

NMZ0.7%

+578K(+35%)

VKI0.3%

+491K(+98%)

IIM0.4%

+450K(+63%)

NAD0.5%

+445K(+48%)

Decreased

PML0.4%

-928,348(-36%)

GSIE0.4%

-749,856(-72%)

IQI0.1%

-447,216(-55%)

MHD0.8%

-382,585(-14%)

GSLC1.1%

-291,099(-52%)

KTF0.1%

-224,343(-52%)

EIM0.3%

-211,057(-16%)

COGT0.1%

-194,697(-60%)

MQY1.5%

-189,476(-4%)

JPC0.0%

-185,045(-57%)

Exited

RSP

-115,064

DAWN

-367,134

KALV

-375,995

KINIKSA PHARMACEUTIC…

-67,341

-5,285

-50,374

-160,054

-848,138

-141,088

-28,162

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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