The Portfolio Managers discuss the Fund’s valuation and earnings growth relative to the overall market, their current watchlist, new holding Shenandoah Telecommunications, American Woodmark’s pricing power, and what investors should consider going forward.
Increased attention is being paid to the inclusion of focused mutual funds in portfolio allocations. Studies have shown that concentrated portfolios can provide meaningful performance advantages over time.
Ryan Kelley, CIO of Hennessy Funds, provides his mid-year review and outlook on what lies ahead, emphasizing a long-term perspective.
The Portfolio Managers discuss several Fund holdings that offer an attractive risk/return profile, share their views on consumer-related holdings, and provide insights into the portfolio’s valuation and earnings growth relative to its benchmark.
CarMax is the largest retailer of used cars in the U.S. Over the last 29 years it has grown from a single store to 230 stores across the country with consumer-friendly, no-haggle pricing, and a generous return policy, a straightforward approach contrasting the traditional used car dealers.
The Portfolio Managers discuss how the Focus Fund has rewarded investors over the past 25 years. They also share their thoughts on how certain portfolio holdings have benefited from the inflationary environment, supply chain issues, and strong housing demand.
The Portfolio Managers of the Hennessy Focus Fund discuss how certain holdings benefit in today’s strong housing and used and new car market, merger and acquisition activity, a new holding, and the Fund’s potential earnings growth.
In his mid-year outlook, Hennessy Funds’ CIO Ryan Kelley reflects on the past year and shares his thoughts for the future.
The Hennessy Focus Fund Managers discuss the Fund’s growth rates and valuation, recently added positions, holdings that may take longer to recover, and their current watchlist.
RH (formerly Restoration Hardware) has transformed into a global luxury brand focused on a sophisticated lifestyle within the home furnishings marketplace. With its bespoke design and hospitality experience, RH plans to continue expanding its brand to the global marketplace.