Hennessy Focus Fund

Full Portfolio Holdings

As of 9/30/25
Equity Holdings Ticker % of Net Assets
AST SpaceMobile, Inc. ASTS 28.0%
Brookfield Corp. BN 7.7%
Ashtead Group, PLC AHT 7.4%
O'Reilly Automotive, Inc. ORLY 6.3%
Markel Group, Inc. MKL 5.4%
Aon PLC AON 5.2%
Applied Materials, Inc. AMAT 4.4%
Brookfield Asset Management, Ltd. BAM 3.8%
Cogent Communications Holdings CCOI 3.6%
NVR, Inc. NVR 3.4%
CDW Corp. CDW 3.3%
Hilton Worldwide Holdings, Inc. HLT 3.2%
American Tower Corp. AMT 2.8%
TransDigm Group, Inc. TDG 2.7%
Danaher Corp DHR 2.7%
RH RH 2.1%
Shenandoah Telecommunications SHEN 2.0%
Altus Group, Ltd./Canada AIF 2.0%
CarMax, Inc. KMX 1.9%
Floor & Decor Holdings, Inc. FND 0.9%
RELX PLC RELX 0.4%
Brookfield Wealth Solutions, Ltd. BNT 0.2%
Total as % of Net Assets 99.29%
Cash & Other Holdings Ticker % of Net Assets
Cash & Other 0.7%
Total as % of Net Assets 0.70%