 | |
John Hussman13F | |
| Hussman Strategic Advisors, inc | |
| Last update 2025-02-03 | 234 Stocks (102 new) |
| Value $338.00 Mil | Turnover 49 % |
John Hussman Profile
Dr. John Hussman is the president and principal shareholder of Hussman Strategic Advisors, the investment advisory firm that manages the Hussman Funds. He is also the president of the Hussman Investment Trust. Dr. Hussman manages the Hussman Strategic Growth Fund, which invests primarily in U.S. stocks, and the Hussman Strategic Total Return Fund, which invests primarily in U.S. Treasury and government agency securities.
Prior to managing the Hussman Funds, Dr. Hussman was a professor of economics and international finance at the University of Michigan. His academic research centers on market efficiency and information economics. Dr. Hussman holds a Ph.D. in economics from Stanford University (1992) and two degrees from Northwestern University: a Master's degree in education and social policy (1985) and a Bachelor's degree in economics (1983).
Prior to managing the Hussman Funds, Dr. Hussman was a professor of economics and international finance at the University of Michigan. His academic research centers on market efficiency and information economics. Dr. Hussman holds a Ph.D. in economics from Stanford University (1992) and two degrees from Northwestern University: a Master's degree in education and social policy (1985) and a Bachelor's degree in economics (1983).
John Hussman Investing Philosophy
Dr. Hussman looks at two dimensions of information to adjust his willingness to take risk.
The first is valuation. Favorable valuation means that stock prices appear reasonable in view of the stream of earnings, dividends, revenues and cash flows expected in the future.
The second dimension is the quality of market action. Market action considers the behavior of a wide range of securities and industry groups in an attempt to assess the economic outlook of investors and their willingness to accept market risk.
These two dimensions of information make up four basic "Market Climates" associated with various combinations of valuation and market action. In the most favorable Market Climates, Dr. Hussman will typically hold an aggressive allocation to market risk, while in the least favorable Market Climates, he will typically attempt to remove the impact of market fluctuations from the portfolio through hedging (Strategic Growth Fund) or reduction in the average maturity of bond holdings (Strategic Total Return Fund). The most defensive position is a fully hedged position in which the entire value of long positions is hedged.
The first is valuation. Favorable valuation means that stock prices appear reasonable in view of the stream of earnings, dividends, revenues and cash flows expected in the future.
The second dimension is the quality of market action. Market action considers the behavior of a wide range of securities and industry groups in an attempt to assess the economic outlook of investors and their willingness to accept market risk.
These two dimensions of information make up four basic "Market Climates" associated with various combinations of valuation and market action. In the most favorable Market Climates, Dr. Hussman will typically hold an aggressive allocation to market risk, while in the least favorable Market Climates, he will typically attempt to remove the impact of market fluctuations from the portfolio through hedging (Strategic Growth Fund) or reduction in the average maturity of bond holdings (Strategic Total Return Fund). The most defensive position is a fully hedged position in which the entire value of long positions is hedged.
John Hussman Top Holdings of 2024-12-31
View Full List
| Ticker | | Company | Shares | Value ($1000) | Shares Change % | Weighting % | Trade Impact % | % of Shares outstanding | 3M Change % | YTD Change % | Market Cap $Mil | Industry |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CPB | The Campbell`s Co | 147,000 | 6,156.4 | +133.33% | 1.820 | +1.04% | 0.050 | -4.86% | -10.61% | 10,949.2 | Consumer Packaged Goods | |
CL | Colgate-Palmolive Co | 67,200 | 6,109.1 | +166.67% | 1.800 | +1.13% | 0.010 | +6.07% | +3.12% | 75,187.5 | Consumer Packaged Goods | |
VZ | Verizon Communications Inc | 147,000 | 5,878.5 | +75.00% | 1.740 | +0.75% | 0.000 | +10.01% | +10.70% | 180,487.0 | Telecommunication Services | |
NVO | Novo Nordisk AS | 63,000 | 5,419.3 | +25.00% | 1.600 | +0.32% | 0.000 | -27.66% | -26.02% | 278,017.7 | Drug Manufacturers | |
NRG | NRG Energy Inc | 54,000 | 4,871.9 | +24.14% | 1.440 | +0.28% | 0.030 | -5.16% | +18.12% | 21,611.1 | Utilities - Independent Power Producers | |
QCOM | Qualcomm Inc | 31,500 | 4,839.0 | -16.67% | 1.430 | -0.26% | 0.000 | -14.01% | -3.66% | 162,814.3 | Semiconductors | |
PTGX | Protagonist Therapeutics Inc | 105,000 | 4,053.0 | New Holding | 1.200 | +1.20% | 0.180 | +19.00% | +16.19% | 2,753.1 | Biotechnology | |
GIS | General Mills Inc | 63,000 | 4,017.5 | +100.00% | 1.190 | +0.60% | 0.010 | -5.63% | -9.76% | 30,879.2 | Consumer Packaged Goods | |
AMGN | Amgen Inc | 14,700 | 3,831.4 | +40.00% | 1.130 | +0.32% | 0.000 | +2.43% | +8.23% | 150,331.4 | Drug Manufacturers | |
DVA | DaVita Inc | 25,200 | 3,768.7 | +200.00% | 1.110 | +0.74% | 0.030 | -18.04% | -6.68% | 11,164.8 | Healthcare Providers & Services |
John Hussman's Historical Top Holdings Breakdowns
John Hussman's Top Stock Picks
View Full List
| Ticker | | Company | Date | Action | Impact % | Price Range | Price | Price Change from Avrg% | Comment | Current Shares | Share Change |
|---|---|---|---|---|---|---|---|---|---|---|---|
GOLD | Barrick Gold Corp | 2024-12-31 | Reduce | -2.11% | 15.23 ($18.15) 21.19 | $19.41 | 6.94% | Reduce -68% | 204,000 | -433,500 | |
AEM | Agnico Eagle Mines Ltd | 2024-12-31 | Reduce | -2.02% | 75.99 ($82.45) 88.85 | $119.63 | 45.09% | Reduce -80% | 25,500 | -102,000 | |
NEM | Newmont Corp | 2024-12-31 | Reduce | -1.67% | 37 ($45.44) 58.68 | $55.70 | 22.58% | Reduce -71.43% | 51,000 | -127,500 | |
PTGX | Protagonist Therapeutics Inc | 2024-12-31 | New Buy | +1.20% | 38.51 ($43.59) 48.43 | $44.85 | 2.89% | New holding | 105,000 | 105,000 | |
META | Meta Platforms Inc | 2024-12-31 | Reduce | -1.18% | 554.08 ($587.14) 632.68 | $533.15 | -9.20% | Reduce -66.67% | 4,200 | -8,400 | |
CL | Colgate-Palmolive Co | 2024-12-31 | Add | +1.13% | 90.22 ($95.32) 102.06 | $92.70 | -2.75% | Add 166.67% | 67,200 | 42,000 | |
CPB | The Campbell`s Co | 2024-12-31 | Add | +1.04% | 41.42 ($45.14) 48.71 | $36.72 | -18.65% | Add 133.33% | 147,000 | 84,000 | |
BKE | Buckle Inc | 2024-12-31 | Sold Out | -0.91% | 41.32 ($47.34) 54.08 | $35.09 | -25.88% | Sold Out | 0 | -84,000 | |
CI | The Cigna Group | 2024-12-31 | New Buy | +0.86% | 265.59 ($318.3) 358.58 | $335.70 | 5.47% | New holding | 10,500 | 10,500 | |
INCY | Incyte Corp | 2024-12-31 | New Buy | +0.86% | 65.07 ($71.31) 83.38 | $58.97 | -17.30% | New holding | 42,000 | 42,000 |
John Hussman Total Holding History ($B)
John Hussman's Asset Allocation
John Hussman Past Portfolios
| Portfolio Date | Number of Stocks | New Stocks | Total Value ($Mil) | Q/Q Turnover |
|---|---|---|---|---|
Top Ranked Articles
- 1
John Hussman's Hypothetical Growth since 2024-12-31
John Hussman's Yearly Returns
| Year | Portfolio % | % | Excess Gain % |
|---|
John Hussman's Holdings Heat Map
Size field:
John Hussman's Holdings Bubble Chart
John Hussman News
- 1
Survey
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
Follow Us
Disclaimers