Hennessy Focus Fund

Full Portfolio Holdings

As of 6/30/25
Equity Holdings Ticker % of Net Assets
AST SpaceMobile, Inc. ASTS 26.0%
Ashtead Group, PLC AHT 6.9%
Brookfield Corp. BN 6.7%
Markel Group, Inc. MKL 5.5%
O'Reilly Automotive, Inc. ORLY 5.1%
Aon PLC AON 5.1%
Cogent Communications Holdings CCOI 4.4%
Applied Materials, Inc. AMAT 3.8%
CDW Corp. CDW 3.6%
Brookfield Asset Management, Ltd. BAM 3.6%
Hilton Worldwide Holdings, Inc. HLT 3.2%
American Tower Corp. AMT 3.2%
Encore Capital Group, Inc. ECPG 3.1%
TransDigm Group, Inc. TDG 3.1%
NVR, Inc. NVR 3.0%
CarMax, Inc. KMX 2.7%
Danaher Corp DHR 2.6%
Shenandoah Telecommunications SHEN 2.0%
RH RH 1.9%
Altus Group Ltd. AIF 1.8%
Floor & Decor Holdings, Inc. FND 0.9%
RELX PLC RELX 0.5%
Brookfield Wealth Solutions, Ltd. BNT 0.2%
Total as % of Net Assets 98.87%
Cash & Other Holdings Ticker % of Net Assets
Cash & Other 1.1%
Total as % of Net Assets 1.13%