Hennion & Walsh Asset Management, Inc.

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CIK 1861642

13F portfolio (2026-Q1)

$3.0B

Positions

928

Implied 1Y CAGR

modeled · as filed

Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2025-Q4. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.

Implied return what this book implies · modeled, not advice methodology →

Open in PORT →

As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).

Computing…

Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.

Exposures · what this manager owns, by sector & size (2026-Q1)

Holdings

928

Top 5

11.5%

Top 10

18.1%

Effective N

164.3

HHI

0.006

This quarter

69 new · 0 exit →

By sector

Unclassified48.2%

Information Technology11.7%

Health Care9.7%

Industrials8.2%

Financials5.6%

Utilities4.8%

Consumer Discretionary3.9%

Materials2.2%

Other5.8%

By market cap

Unknown50.7%

Large ($10–200B)24.2%

Mega (>$200B)13.4%

Mid ($2–10B)7.8%

Small ($300M–2B)3.6%

Micro (<$300M)0.3%

By region

North America50.7%

Other48.2%

Europe0.7%

Asia-Pacific0.3%

Middle East0.1%

Africa0.0%

By industry group GICS — finer than sector

Industry group	Weight	Names
Unclassified	48.30%	238
Pharmaceuticals & Biotechnology	7.82%	81
Utilities	4.76%	55
Semiconductors & Semiconductor Equipment	4.52%	27
Technology Hardware & Equipment	3.60%	27
Aerospace & Defense	3.05%	26
Banks	2.51%	67
Specialty Retail	2.25%	24
Machinery	2.17%	24
Commercial Services & Supplies	2.03%	27
Software	1.89%	34
Software & IT Services	1.83%	30
Capital Markets	1.46%	26
Equity Real Estate Investment Trusts (REITs)	1.29%	26
Metals & Mining	1.14%	18
Oil, Gas & Consumable Fuels	1.03%	17
Construction & Engineering	0.98%	10
Health Care Equipment & Supplies	0.90%	14
Health Care Providers & Services	0.88%	7
Chemicals	0.84%	17
Insurance	0.80%	15
Electrical Equipment & Components	0.68%	6
Distributors	0.65%	9
Beverages	0.46%	7
Diversified Telecommunication Services	0.44%	10
Tobacco	0.41%	2
Communications Equipment	0.40%	5
Automobiles & Components	0.35%	8
Professional Services	0.30%	5
Hotels, Restaurants & Leisure	0.25%	8
Food Products	0.23%	12
Food & Staples Retailing	0.19%	2
Media & Entertainment	0.19%	7
Textiles, Apparel & Luxury Goods	0.17%	6
Agricultural Products	0.16%	2
Marine	0.14%	3
Transportation Infrastructure	0.13%	4
Paper & Forest Products	0.12%	2
Life Sciences Tools & Services	0.12%	1
Leisure Products	0.11%	4
Construction Materials	0.08%	2
Media & Publishing	0.07%	2
Real Estate Management & Development	0.06%	1
Airlines	0.06%	1
Household Durables	0.05%	3
Diversified Consumer Services	0.05%	2
Road & Rail	0.04%	3
Entertainment	0.01%	1

Top holdings

#	Ticker	Name	Sector	Weight
1	IVV	ISHARES TR	Unclassified	3.90%
2	GSLC	GOLDMAN SACHS ETF TR	Unclassified	2.37%
3	DDWM	WISDOMTREE TR	Unclassified	1.98%
4	MQY	BLACKROCK MUNIYILD QULT FD I	Unclassified	1.70%
5	VTV	VANGUARD INDEX FDS	Unclassified	1.56%
6	GSIE	Goldman Sachs ActiveBeta Int'l Eq ETF	Unclassified	1.50%
7	ISPY	PROSHARES TR	Unclassified	1.47%
8	XCEM	COLUMBIA ETF TR II	Unclassified	1.32%
9	IGEB	ISHARES TR	Unclassified	1.19%
10	JSML	JANUS DETROIT STR TR	Unclassified	1.11%

694/928 names classified · sector 51.8% of weight · industry 51.7% · mkt cap 49.3%; unclassified names shown, never dropped.

Sector allocation over time · how the GICS mix & top names shifted quarter by quarter

top 5/sector, rest → “Other” · 21 quarters

Information TechnologyAAPL, MSFT, NVDA, AVGO, TMO · other

Health CareLLY, MDGL, ABT, MRNA, CELC · other

FinancialsV, MA, BLK, UNH, PYPL · other

IndustrialsSPGI, ODFL, CMI, ETSY, LRCX · other

Consumer DiscretionaryAMZN, COST, WMT, MCK, CTAS · other

UtilitiesWEC, NEE, SO, TRGP, CEG · other

MaterialsPG, DOW, ECL, EL, HWM · other

Communication ServicesGOOGL, META, VZ, TMUS, GOOG · other

Consumer StaplesKO, CVS, MO, HSY, ADM · other

Real EstateAMT, IRM, PLD, DLR, EQIX · other

EnergyCVX, XOM, DVN, COP, ENB · other

UnclassifiedGSLC, IVV, VTV, SCHD, IQDG · other

Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 51.8% of the book is sector-classified (unclassified names shown, never dropped).

Style box · size × value-growth placement of the reported book (2026-Q1), classified on current fundamentals (not point-in-time) — load it into PORT to overlay your own portfolio

Only 42% of book weight classified — the grid is NOT representative of the whole book.

holdings, colored by sector (533 classified)Hennion & Walsh Asset Management, Inc. centroid (Mid Core)

Information TechnologyIndustrialsFinancialsUtilitiesHealth CareConsumer DiscretionaryCommunication ServicesMaterialsReal EstateConsumer StaplesEnergy

Style box summary for Hennion & Walsh Asset Management, Inc.: centroid Mid Core. Heaviest cells: Large Growth 12.0%, Large Core 8.0%, Mid Growth 4.7%.

Classified: 42.1% of book weight (533/919 names) · unclassified 57.9%: IVV, GSLC, DDWM, MQY, VTV, GSIE, ISPY, XCEM, IGEB, JSML +376 more. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.

Contribution holdings-based, any period

No contribution data for this period.

Holdings· 928 positions (2026-Q1) · largest first · Δ vs 2025-Q4

#	Security	Shares	Value	Weight	Δ QoQ
1	IVVISHARES TR	177,483	$116M	3.9%	ADD 4%
2	GSLCGOLDMAN SACHS ETF TR	563,097	$70M	2.4%	ADD 6%
3	DDWMWISDOMTREE TR	1,331,088	$59M	2.0%	ADD 6%
4	MQYBLACKROCK MUNIYILD QULT FD I	4,696,687	$51M	1.7%	ADD 229%
5	VTVVANGUARD INDEX FDS	236,087	$46M	1.6%	ADD 3%
6	GSIEGoldman Sachs ActiveBeta Int'l Eq ETF	1,036,569	$45M	1.5%	TRIM −19%
7	ISPYPROSHARES TR	1,005,484	$44M	1.5%	ADD 3%
8	XCEMCOLUMBIA ETF TR II	959,842	$39M	1.3%	ADD 44%
9	IGEBISHARES TR	782,966	$35M	1.2%	TRIM −12%
10	JSMLJANUS DETROIT STR TR	469,624	$33M	1.1%	NEW
11	MHDBLACKROCK MUNIHOLDINGS FD IN	2,692,857	$30M	1.0%	ADD 181%
12	GOOGLALPHABET INC	92,174	$27M	0.9%	TRIM −6%
13	PFFISHARES TR	821,917	$25M	0.8%	ADD 4%
14	NVDANVIDIA CORPORATION	135,923	$24M	0.8%	TRIM −11%
15	NVGNUVEEN AMT FREE MUN CR INC F	1,918,023	$24M	0.8%	ADD 16%
16	RSPINVESCO EXCHANGE TRADED FD T	115,064	$22M	0.7%	TRIM −36%
17	NUVNUVEEN MUN VALUE FD INC	2,440,081	$22M	0.7%	ADD 4%
18	CELCCELCUITY INC	182,601	$21M	0.7%	TRIM −4%
19	HYGWISHARES TR	674,072	$20M	0.7%	ADD 5%
20	XNEAXNUVEEN AMT FREE QLTY MUN INC	1,758,842	$20M	0.7%	HOLD
21	PMLPIMCO MUN INCOME FD II	2,602,156	$20M	0.7%	TRIM −8%
22	AVGOBROADCOM INC	63,241	$20M	0.7%	TRIM −11%
23	AMZNAMAZON COM INC	89,332	$19M	0.6%	TRIM −6%
24	ADIANALOG DEVICES INC	56,982	$18M	0.6%	HOLD
25	AMATAPPLIED MATLS INC	52,730	$18M	0.6%	TRIM −10%
26	AAPLAPPLE INC	67,478	$17M	0.6%	TRIM −12%
27	NMZNUVEEN MUN HIGH INCOME OPPOR	1,639,102	$17M	0.6%	ADD 44%
28	NZFNUVEEN MUNICIPAL CREDIT INC	1,355,685	$17M	0.6%	ADD 2%
29	LRCXLAM RESEARCH CORP	76,867	$16M	0.6%	ADD 8%
30	KLACKLA CORP	10,431	$15M	0.5%	TRIM −10%
31	VVISA INC	46,963	$14M	0.5%	TRIM −4%
32	BTTBLACKROCK MUN TARGET TERM TR	617,560	$14M	0.5%	ADD 14%
33	MSFTMICROSOFT CORP	36,656	$14M	0.5%	HOLD
34	JEPQJ P MORGAN EXCHANGE TRADED F	244,262	$14M	0.5%	ADD 63%
35	JSCPJ P MORGAN EXCHANGE TRADED F	279,897	$13M	0.4%	TRIM −32%
36	LLYELI LILLY & CO	14,325	$13M	0.4%	HOLD
37	GEGE AEROSPACE	45,998	$13M	0.4%	ADD 19%
38	MUABLACKROCK MUNIASSETS FD INC	1,224,966	$13M	0.4%	ADD 25%
39	JPMJPMORGAN CHASE & CO	43,700	$13M	0.4%	ADD 5%
40	EIMEATON VANCE MUN BD FD	1,303,983	$13M	0.4%	HOLD
41	COGTCOGENT BIOSCIENCES INC	326,472	$13M	0.4%	TRIM −3%
42	IDVISHARES TR	289,624	$12M	0.4%	HOLD
43	WMTWALMART INC	98,299	$12M	0.4%	ADD 10%
44	NXPNUVEEN SELECT TAX-FREE INCOM	802,072	$12M	0.4%	TRIM −6%
45	MMDMAINSTAY MACKAY DEFINEDTERM	736,048	$11M	0.4%	HOLD
46	METAMETA PLATFORMS INC	19,039	$11M	0.4%	TRIM −3%
47	NADNUVEEN QUALITY MUNCP INCOME	927,745	$11M	0.4%	ADD 34%
48	LMTLOCKHEED MARTIN CORP	17,525	$11M	0.4%	ADD 12%
49	JAAAJANUS DETROIT STR TR	208,646	$11M	0.4%	HOLD
50	PWRQUANTA SVCS INC	19,132	$11M	0.4%	TRIM −9%
51	TEVATEVA PHARMACEUTICAL INDS LTD	337,044	$10M	0.3%	HOLD
52	INDVINDIVIOR PHARMACEUTICALS INC COM	330,691	$10M	0.3%	NEW
53	JNJJOHNSON & JOHNSON	41,172	$10M	0.3%	HOLD
54	EVMOMORGAN STANLEY ETF TRUST	196,763	$10M	0.3%	ADD 3%
55	MLNVANECK ETF TRUST	562,695	$10M	0.3%	ADD 9%
56	EVNEATON VANCE MUNI INCOME TRUS	940,891	$10M	0.3%	HOLD
57	VGMINVESCO TR INVT GRADE MUNS	978,215	$10M	0.3%	ADD 96%
58	COSTCOSTCO WHSL CORP NEW	9,629	$10M	0.3%	ADD 14%
59	PANWPALO ALTO NETWORKS INC	58,207	$9M	0.3%	ADD 3%
60	JAZZJAZZ PHARMACEUTICALS PLC	49,352	$9M	0.3%	ADD 4%
61	NOCNORTHROP GRUMMAN CORP	13,426	$9M	0.3%	ADD 18%
62	MUMICRON TECHNOLOGY INC	26,832	$9M	0.3%	ADD 13%
63	MYNBLACKROCK MUNIYIELD N Y QUAL	940,056	$9M	0.3%	ADD 75%
64	MRKMERCK & CO INC	73,593	$9M	0.3%	TRIM −7%
65	CEGCONSTELLATION ENERGY CORP	31,249	$9M	0.3%	ADD 47%
66	IIMINVESCO VALUE MUN INCOME TR	712,545	$9M	0.3%	ADD 12%
67	MIRMMIRUM PHARMACEUTICALS INC	93,592	$9M	0.3%	TRIM −5%
68	JEMBJANUS DETROIT STR TR	164,622	$9M	0.3%	ADD 3%
69	HWMHOWMET AEROSPACE INC	37,456	$9M	0.3%	ADD 41%
70	NEENEXTERA ENERGY INC	90,743	$8M	0.3%	TRIM −6%
71	ITWOPROSHARES RUSSELL 2000 HIGH INCOME ETF	210,743	$8M	0.3%	NEW
72	XOMEXXON MOBIL CORP	49,128	$8M	0.3%	TRIM −4%
73	TRGPTARGA RES CORP	33,194	$8M	0.3%	TRIM −7%
74	MCKMCKESSON CORP	9,513	$8M	0.3%	HOLD
75	TJXTJX COS INC NEW	50,883	$8M	0.3%	HOLD
76	OIAINVESCO MUNI INCOME OPP TRST	1,284,322	$8M	0.3%	ADD 21%
77	DAY ONE BIOPHARMACEUTICALS I	367,134	$8M	0.3%	ADD 17%
78	IQIINVESCO QUALITY MUN INCOME T	814,720	$8M	0.3%	TRIM −9%
79	SRLNSSGA ACTIVE ETF TR	194,232	$8M	0.3%	ADD 9%
80	ANETARISTA NETWORKS INC	62,994	$8M	0.3%	ADD 6%
81	IGLBISHARES TR	152,686	$8M	0.3%	HOLD
82	KALVISTA PHARMACEUTICALS INC	375,995	$8M	0.3%	ADD 10%
83	VGLTVANGUARD SCOTTSDALE FDS	136,374	$8M	0.3%	HOLD
84	TTTRANE TECHNOLOGIES PLC	18,100	$8M	0.3%	TRIM −7%
85	PMMPUTNAM MANAGED MUN INCOME TR	1,214,019	$7M	0.3%	ADD 20%
86	MAMASTERCARD INCORPORATED	14,918	$7M	0.3%	TRIM −5%
87	NRKNUVEEN NEW YORK AMT QLT MUNI	726,559	$7M	0.2%	ADD 37%
88	GDGENERAL DYNAMICS CORP	21,604	$7M	0.2%	ADD 29%
89	OLMAOLEMA PHARMACEUTICALS INC	481,485	$7M	0.2%	ADD 8%
90	MUCBLACKROCK MUNIHLDNGS CALI QL	673,975	$7M	0.2%	ADD 68%
91	PZTINVESCO EXCH TRADED FD TR II	314,685	$7M	0.2%	ADD 14%
92	AEPAMERICAN ELEC PWR CO INC	52,559	$7M	0.2%	ADD 8%
93	FIXCOMFORT SYS USA INC	4,963	$7M	0.2%	ADD 21%
94	ASMLASML HOLDING N V	5,141	$7M	0.2%	ADD 38%
95	SPGIS&P GLOBAL INC	15,687	$7M	0.2%	ADD 2%
96	BSXBOSTON SCIENTIFIC CORP	105,906	$7M	0.2%	ADD 2%
97	ADXADAMS DIVERSIFIED EQUITY FD	301,196	$7M	0.2%	ADD 5%
98	XFFCXFLAHERTY & CRUMRINE PFD SECS	424,778	$7M	0.2%	ADD 15%
99	SGOVISHARES TR	65,246	$7M	0.2%	ADD 5%
100	IGIBISHARES TR	123,019	$7M	0.2%	HOLD
101	AFBALLIANCEBERNSTEIN NATL MUN I	606,136	$6M	0.2%	HOLD
102	VMOINVESCO MUN OPPORTUNITY TR	673,017	$6M	0.2%	ADD 10%
103	WDIWESTERN ASSET DIVERSIFIED IN	473,962	$6M	0.2%	ADD 6%
104	ECLECOLAB INC	23,344	$6M	0.2%	ADD 30%
105	PHPARKER-HANNIFIN CORP	6,936	$6M	0.2%	HOLD
106	AXSMAXSOME THERAPEUTICS INC.	36,633	$6M	0.2%	TRIM −5%
107	CVXCHEVRON CORP NEW	29,887	$6M	0.2%	TRIM −4%
108	NUWNUVEEN AMT-FREE MUN VALUE FD	430,914	$6M	0.2%	ADD 8%
109	PGPROCTER AND GAMBLE CO	42,730	$6M	0.2%	TRIM −4%
110	MOALTRIA GROUP INC	93,134	$6M	0.2%	HOLD
111	PMPHILIP MORRIS INTL INC	36,773	$6M	0.2%	ADD 15%
112	LHXL3HARRIS TECHNOLOGIES INC	17,550	$6M	0.2%	ADD 27%
113	LSCCLATTICE SEMICONDUCTOR CORP	65,024	$6M	0.2%	TRIM −11%
114	ARDXARDELYX INC	1,001,481	$6M	0.2%	ADD 4%
115	DCODUCOMMUN INC DEL	49,126	$6M	0.2%	ADD 14%
116	CSCOCISCO SYS INC	76,455	$6M	0.2%	TRIM −9%
117	XPCQXPIMCO CALIF MUN INCOME FD	690,484	$6M	0.2%	TRIM −13%
118	NDAQNASDAQ INC	69,688	$6M	0.2%	TRIM −14%
119	VRTVERTIV HOLDINGS CO	23,603	$6M	0.2%	TRIM −13%
120	WMBWILLIAMS COS INC	80,865	$6M	0.2%	HOLD
121	WMWASTE MGMT INC DEL	25,597	$6M	0.2%	TRIM −16%
122	BNYBANK NEW YORK MELLON CORP	49,109	$6M	0.2%	TRIM −7%
123	KOCOCA COLA CO	76,414	$6M	0.2%	HOLD
124	NANNUVEEN NEW YORK QLT MUN INC	520,162	$6M	0.2%	ADD 62%
125	PMOPUTNAM MUN OPPORTUNITIES TR	561,941	$6M	0.2%	ADD 8%
126	RTXRTX CORPORATION	29,597	$6M	0.2%	ADD 24%
127	VTNINVESCO TR INVT GRADE NEW YO	520,716	$6M	0.2%	ADD 10%
128	MODMODINE MFG CO	26,256	$6M	0.2%	ADD 55%
129	DELLDELL TECHNOLOGIES INC	34,610	$6M	0.2%	TRIM −3%
130	AMANTERO MIDSTREAM CORP	245,358	$6M	0.2%	TRIM −9%
131	VGITVANGUARD SCOTTSDALE FDS	92,619	$6M	0.2%	HOLD
132	BBVABANCO BILBAO VIZCAYA ARGENTA	254,316	$6M	0.2%	ADD 4%
133	NCDLNUVEEN CHURCHILL DIRECT LEND	430,034	$5M	0.2%	TRIM −10%
134	TSMTAIWAN SEMICONDUCTOR MFG LTD	16,147	$5M	0.2%	TRIM −3%
135	VGTVANGUARD WORLD FD	7,811	$5M	0.2%	ADD 4%
136	RKLBROCKET LAB CORP	83,825	$5M	0.2%	ADD 16%
137	DUKDUKE ENERGY CORP NEW	40,276	$5M	0.2%	ADD 11%
138	SCHWSCHWAB CHARLES CORP	56,024	$5M	0.2%	TRIM −11%
139	IRMIRON MTN INC DEL	51,046	$5M	0.2%	TRIM −8%
140	RVNUDBX ETF TR	211,055	$5M	0.2%	ADD 10%
141	NACNUVEEN CA QUALTY MUN INCOME	441,613	$5M	0.2%	ADD 7%
142	NINISOURCE INC	109,782	$5M	0.2%	ADD 20%
143	HYEMVANECK ETF TRUST	259,402	$5M	0.2%	ADD 3%
144	MMUWESTERN ASSET MANAGED MUNS F	496,822	$5M	0.2%	HOLD
145	ORCLORACLE CORP	34,650	$5M	0.2%	ADD 20%
146	ABBVABBVIE INC	23,382	$5M	0.2%	TRIM −10%
147	NYFISHARES TR	95,611	$5M	0.2%	ADD 14%
148	BABOEING CO	25,305	$5M	0.2%	ADD 18%
149	LEOBNY MELLON STRATEGIC MUNS IN	798,274	$5M	0.2%	ADD 103%
150	SNDXSYNDAX PHARMACEUTICALS INC	214,807	$5M	0.2%	ADD 17%
151	IBMINTERNATIONAL BUSINESS MACHS	20,644	$5M	0.2%	TRIM −17%
152	TRINTRINITY CAP INC	338,878	$5M	0.2%	ADD 7%
153	KTOSKRATOS DEFENSE & SEC SOLUTIO	69,852	$5M	0.2%	ADD 11%
154	VCVINVESCO CALIF VALUE MUN INCO	471,296	$5M	0.2%	ADD 8%
155	CWCURTISS WRIGHT CORP	7,147	$5M	0.2%	ADD 17%
156	SYYSYSCO CORP	68,063	$5M	0.2%	HOLD
157	WWDWOODWARD INC	13,382	$5M	0.2%	ADD 17%
158	FMNYFIRST TR EXCH TRADED FD III	179,659	$5M	0.2%	ADD 16%
159	DSMBNY MELLON STRATEGIC MUN BD	786,368	$5M	0.2%	ADD 102%
160	AXONAXON ENTERPRISE INC	11,096	$5M	0.2%	HOLD
161	BWXTBWX TECHNOLOGIES INC	23,007	$5M	0.2%	ADD 15%
162	AIRAAR CORP	42,611	$5M	0.2%	ADD 21%
163	XAODXABRDN TOTAL DYNAMIC DIVIDEND	502,972	$5M	0.2%	ADD 7%
164	KRKROGER CO	63,861	$5M	0.2%	ADD 44%
165	AMDADVANCED MICRO DEVICES INC	22,613	$5M	0.2%	TRIM −2%
166	TYTRI CONTL CORP	144,772	$5M	0.2%	ADD 17%
167	SUPNSUPERNUS PHARMACEUTICALS INC	88,454	$5M	0.2%	ADD 10%
168	ATIALLEGHENY TECHNOLOGIES INC	31,212	$5M	0.2%	ADD 24%
169	AXPAMERICAN EXPRESS CO	14,952	$5M	0.2%	TRIM −5%
170	MDGLMADRIGAL PHARMACEUTICALS INC	8,616	$5M	0.2%	ADD 6%
171	ISRGINTUITIVE SURGICAL INC	9,781	$5M	0.2%	TRIM −27%
172	GSGOLDMAN SACHS GROUP INC	5,230	$4M	0.1%	ADD 3%
173	BCSFBAIN CAP SPECIALTY FIN INC	355,903	$4M	0.1%	TRIM −12%
174	RJFRAYMOND JAMES FINL INC	30,477	$4M	0.1%	HOLD
175	SPYSTATE STR SPDR S&P 500 ETF T	6,783	$4M	0.1%	ADD 22%
176	ATROASTRONICS CORP	66,076	$4M	0.1%	ADD 30%
177	XELXCEL ENERGY INC	54,694	$4M	0.1%	ADD 14%
178	VKIINVESCO ADVANTAGE MUN INCOME	498,936	$4M	0.1%	ADD 85%
179	MFMMFS MUN INCOME TR	799,759	$4M	0.1%	ADD 18%
180	DTEDTE ENERGY CO	29,423	$4M	0.1%	ADD 24%
181	FNFABRINET	8,243	$4M	0.1%	TRIM −30%
182	HIIHUNTINGTON INGALLS INDS INC	11,283	$4M	0.1%	ADD 18%
183	STRLSTERLING INFRASTRUCTURE INC	10,513	$4M	0.1%	ADD 55%
184	MPWRMONOLITHIC PWR SYS INC	3,914	$4M	0.1%	HOLD
185	WECWEC ENERGY GROUP INC	36,795	$4M	0.1%	ADD 8%
186	URIUNITED RENTALS INC	5,741	$4M	0.1%	TRIM −10%
187	GRFSGRIFOLS S A	520,136	$4M	0.1%	ADD 9%
188	XNCMXNUVEEN CALIFORNIA AMT QLT MU	350,212	$4M	0.1%	ADD 11%
189	OBDCBLUE OWL CAPITAL CORPORATION	375,153	$4M	0.1%	HOLD
190	DASHDOORDASH INC	27,503	$4M	0.1%	ADD 9%
191	VZVERIZON COMMUNICATIONS INC	82,086	$4M	0.1%	ADD 13%
192	SYKSTRYKER CORPORATION	12,343	$4M	0.1%	TRIM −4%
193	ZLABZAI LAB LTD	214,323	$4M	0.1%	ADD 5%
194	MSDLMORGAN STANLEY DIRECT LENDIN	287,383	$4M	0.1%	ADD 11%
195	GBDCGOLUB CAP BDC INC	316,706	$4M	0.1%	TRIM −15%
196	VVXV2X INC	58,479	$4M	0.1%	ADD 5%
197	BLKBLACKROCK INC	4,164	$4M	0.1%	TRIM −12%
198	UNHUNITEDHEALTH GROUP INC	14,743	$4M	0.1%	ADD 4%
199	NMFCNEW MTN FIN CORP	513,085	$4M	0.1%	TRIM −9%
200	NCANUVEEN CALIFORNIA MUNI VLU F	423,343	$4M	0.1%	ADD 14%

showing the top 200 by weight

Position trends· top 15 holdings · shares held over 6 quarters

green added · red trimmed

Security

2024-Q4

2025-Q1

2025-Q2

2025-Q3

2025-Q4

2026-Q1

Latest value

IVVISHARES TR

65K

161K

163K

166K

171K

177K

$116M

GSLCGOLDMAN SACHS ETF TR

478K

509K

513K

524K

532K

563K

$70M

DDWMWISDOMTREE TR

—

1.2M

1.3M

$59M

MQYBLACKROCK MUNIYILD QULT FD I

935K

918K

1.0M

1.1M

1.4M

4.7M

$51M

VTVVANGUARD INDEX FDS

119K

300K

306K

218K

230K

236K

$46M

GSIEGoldman Sachs ActiveBeta Int'l Eq ETF

781K

779K

780K

1.2M

1.3M

1.0M

$45M

ISPYPROSHARES TR

1.1M

769K

863K

928K

978K

1.0M

$44M

XCEMCOLUMBIA ETF TR II

569K

642K

649K

667K

668K

960K

$39M

IGEBISHARES TR

1.1M

795K

845K

891K

783K

$35M

JSMLJANUS DETROIT STR TR

—

470K

$33M

MHDBLACKROCK MUNIHOLDINGS FD IN

956K

1.1M

957K

2.7M

$30M

GOOGLALPHABET INC

89K

87K

90K

93K

98K

92K

$27M

PFFISHARES TR

—

700K

746K

790K

822K

$25M

NVDANVIDIA CORPORATION

149K

138K

149K

152K

153K

136K

$24M

NVGNUVEEN AMT FREE MUN CR INC F

1.4M

1.5M

1.4M

1.5M

1.6M

1.9M

$24M

Shares reported each quarter by the largest current holdings. Green = added vs the prior filing of that name, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.

☆Hennion & Walsh Asset Management, Inc.

Implied return what this book implies · modeled, not advice methodology →

Exposures · what this manager owns, by sector & size (2026-Q1)

By sector

By market cap

By region

By industry group GICS — finer than sector

Top holdings

Sector allocation over time · how the GICS mix & top names shifted quarter by quarter

Style box · size × value-growth placement of the reported book (2026-Q1), classified on current fundamentals (not point-in-time) — load it into PORT to overlay your own portfolio

Contribution holdings-based, any period

Holdings· 928 positions (2026-Q1) · largest first · Δ vs 2025-Q4

Position trends· top 15 holdings · shares held over 6 quarters

Hennion & Walsh Asset Management, Inc.