Hussman Strategic Advisors Portfolio Shifts in Q2 2026
Hussman Strategic Advisors made significant changes to its portfolio during the second quarter of 2026, including notable purchases and exits across various sectors.
As of June 30th, 2026, Hussman Strategic Advisors has shown active buying and selling patterns in its portfolio. The firm's holdings reflect a dynamic approach to investment adjustments during this quarter.
Prominent Purchases This Quarter
Hussman significantly increased its exposure across several key sectors through substantial acquisitions:
- They added shares of PepsiCo (PEP), increasing their position by 260% in the Consumer Defensive sector.
- The firm boosted its stake in Ubiqiti Inc. (UI) within Technology, growing it by 125%.
- Hussman made a considerable purchase of Incyte Corp. (INCY), adding shares at a 33.33% increase to their Healthcare allocation.
- Shares in ViaSat Inc. (VSAT), another Technology stock, saw an addition despite the overall portfolio percentage decreasing slightly due to its smaller base value compared to prior periods.
- The firm also increased its position in Neurocrine Biosciences Inc. (NBIX) and Biogen Inc. (BIIB), both within Healthcare, showing strong confidence in these sectors.
- Furthermore, Hussman purchased shares of Hershey Co. (HSY) and significantly added to their stake in Cimpress PLC (G2143T103), another Consumer Defensive holding.
Notable Sales and Exits
In contrast to the buying activity, Hussman also divested significant portions of its portfolio during Q2 2026:
- The firm sold shares in Ziff Davis Inc. (ZD), a Communication Services stock.
- Hussman exited their position entirely in United Natural Foods Inc. (UNFI).
- Additionally, they reduced exposure to several other holdings including Fluence Energy Inc. (FLNC) and ImmunityBio Inc. (IBRX).
Detailed Position Changes
The following table provides a summary of the significant changes observed in Hussman's portfolio during this quarter:
| Symbol | Stock Name | Sector | % Change |
|---|---|---|---|
| PEP | PEPSICO INC | Consumer Defensive | +260% |
| UI | UBIQUITI INC | Technology | +125% |
| G2143T103 | CIMPRESS PLC | Consumer Defensive | +100% |
| ZD | ZIFF DAVIS INC | Communication Services | -40% |
| FLNC | FLUENCE ENERGY INC | Utilities | -50% |
| ACAD | ACADIA PHARMACEUTICALS INC | Healthcare | -62.5% |
| STOK | SUMMIT TECHNOLOGIES INC | Technology | -100% (exit) |
Portfolio Structure and Strategy
Hussman's portfolio continues to be diversified across numerous stocks, totaling 217 holdings as of the reporting date. The top five positions account for approximately 5.59% of the total portfolio value.
The firm has demonstrated a willingness to both buy and sell substantial portions of its investments during this period, indicating an active management style focused on optimizing returns based on market conditions and investment opportunities.