John Hussman Portfolio: Hussman Investment Trust 13F Holdings
Managed by John Hussman
Positions as of Q3 2026 (quarter ended Sep 30, 2026), filed with the SEC on Nov 2, 2026.
John Hussman's hedged-equity fund. Famously bearish through multiple cycles. CIK needs verification.
13F holdings as of Sep 30, 2026
Source: Hussman Investment Trust Form 13F-HR for Q3 2026, filed Nov 2, 2026, on SEC EDGAR. See our Methodology.
What did Hussman Investment Trust buy and sell in Q3 2026?
Compared with its Q2 2026 filing, Hussman Investment Trust reported 88 new positions, added to 47, reduced 45 and sold out of 56. Changes are measured in shares, so a position can rise in value without being added to.
New positions
Top 6Added to
Top 6Reduced
Top 6Top 10 holdings and concentration
Q3 2026The ten largest positions make up 9.7% of the $468.61M reported in long positions, led by PEP at 1.1%.
Sector allocation
Q3 2026Share of the $468.61M reported, by the sector of each stock among the largest 100 positions. 6.2% is in ETFs, funds and securities without a sector on file. The remaining 36.1% is in smaller positions not classified here.
| Sector | Weight | Positions |
|---|---|---|
| Healthcare | 19.4% | 29 |
| Consumer Discretionary | 10.1% | 16 |
| Technology | 8.1% | 11 |
| Consumer Staples | 5.2% | 7 |
| Industrials | 3.7% | 6 |
| Energy | 3.4% | 6 |
| Financials | 3.3% | 6 |
| Utilities | 1.6% | 3 |
| Communication Services | 1.4% | 3 |
| Real Estate | 1.3% | 2 |
Hussman Investment Trust 13F holdings, Q3 2026
Largest 100 of 263| # | Company | Shares | Value | Weight | vs Q2 2026 |
|---|---|---|---|---|---|
| 1 | PEPPEPSICO INC | 42K | $5.32M | 1.14% | +11% |
| 2 | BIIBBIOGEN INC | 21K | $4.74M | 1.01% | – |
| 3 | UNFIUNITED NAT FOODS INC | 105K | $4.70M | 1.00% | +25% |
| 4 | CRICARTERS INC | 147K | $4.60M | 0.98% | +133% |
| 5 | ETSYETSY INC | 63K | $4.50M | 0.96% | +50% |
| 6 | AKAMAKAMAI TECHNOLOGIES INC | 42K | $4.47M | 0.95% | +67% |
| 7 | NUTXNUTEX HEALTH INC | 21K | $4.44M | 0.95% | NEW |
| 8 | APAAPA CORPORATION | 105K | $4.36M | 0.93% | – |
| 9 | NBIXNEUROCRINE BIOSCIENCES INC | 29K | $4.17M | 0.89% | +8% |
| 10 | EPAMEPAM SYS INC | 38K | $4.10M | 0.87% | +38% |
| 11 | NXTNEXTPOWER INC | 53K | $4.09M | 0.87% | +108% |
| 12 | REGNREGENERON PHARMACEUTICALS | 5K | $3.98M | 0.85% | – |
| 13 | GMEDGLOBUS MED INC | 53K | $3.93M | 0.84% | +25% |
| 14 | UPSUNITED PARCEL SVCS INC | 42K | $3.92M | 0.84% | NEW |
| 15 | QCOMQUALCOMM INC | 21K | $3.86M | 0.82% | NEW |
| 16 | SRPTSAREPTA THERAPEUTICS INC | 210K | $3.83M | 0.82% | +43% |
| 17 | INCYINCYTE CORP | 32K | $3.82M | 0.82% | -25% |
| 18 | FSLYFASTLY INC | 147K | $3.77M | 0.81% | – |
| 19 | DGDOLLAR GEN CORP | 32K | $3.77M | 0.80% | – |
| 20 | SHOOMADDEN STEVEN LTD | 84K | $3.76M | 0.80% | – |
| 21 | ECGEVERUS CONSTR GROUP | 32K | $3.70M | 0.79% | NEW |
| 22 | FIVEFIVE BELOW INC | 17K | $3.69M | 0.79% | +14% |
| 23 | TDCTERADATA CORP DEL | 126K | $3.63M | 0.78% | +20% |
| 24 | CVSCVS HEALTH CORP | 42K | $3.60M | 0.77% | +67% |
| 25 | PACSPACS GROUP INC | 84K | $3.49M | 0.74% | – |
| 26 | HCSGHEALTHCARE SVCS GROUP INC | 168K | $3.44M | 0.73% | +33% |
| 27 | UTHRUNITED THERAPEUTICS CORP DEL | 6K | $3.41M | 0.73% | +200% |
| 28 | SEZLSEZZLE INC | 32K | $3.40M | 0.73% | NEW |
| 29 | AUPHAURINIA PHARMACEUTICALS INC | 210K | $3.40M | 0.73% | – |
| 30 | PTCTPTC THERAPEUTICS INC | 53K | $3.40M | 0.73% | +67% |
| 31 | ACMRACM RESH INC | 42K | $3.40M | 0.73% | NEW |
| 32 | INGMINGRAM MICRO HLDG CORP | 126K | $3.38M | 0.72% | +50% |
| 33 | SBACSBA COMMUNICATIONS CORP | 21K | $3.36M | 0.72% | +150% |
| 34 | DVADAVITA INC | 19K | $3.31M | 0.71% | NEW |
| 35 | TARSTARSUS PHARMACEUTICALS INC | 42K | $3.30M | 0.70% | +100% |
| 36 | PFSPROVIDENT FINL SVCS INC | 147K | $3.26M | 0.69% | – |
| 37 | G38644103GIGACLOUD TECHNOLOGY INC | 63K | $3.26M | 0.69% | -25% |
| 38 | G2143T103CIMPRESS PLC | 42K | $3.24M | 0.69% | – |
| 39 | ANABANAPTYSBIO INC | 63K | $3.17M | 0.68% | +200% |
| 40 | POSTPOST HLDGS INC | 42K | $3.06M | 0.65% | +100% |
| 41 | ALGNALIGN TECHNOLOGY INC | 21K | $3.05M | 0.65% | NEW |
| 42 | LULULULULEMON ATHLETICA INC | 32K | $3.03M | 0.65% | +200% |
| 43 | YETIYETI HLDGS INC | 74K | $3.01M | 0.64% | +17% |
| 44 | ASTHASTRANA HEALTH INC | 84K | $2.99M | 0.64% | +100% |
| 45 | QSRRESTAURANT BRANDS INTL INC | 42K | $2.99M | 0.64% | +33% |
| 46 | BEPCBROOKFIELD RENEWABLE CORP | 105K | $2.96M | 0.63% | NEW |
| 47 | TGTXTG THERAPEUTICS INC | 53K | $2.93M | 0.62% | – |
| 48 | COCOVITA COCO CO INC | 50K | $2.89M | 0.62% | NEW |
| 49 | MMACYS INC | 126K | $2.87M | 0.61% | – |
| 50 | HALOHALOZYME THERAPEUTICS INC | 25K | $2.78M | 0.59% | -40% |
| 51 | ULSUL SOLUTIONS INC | 42K | $2.76M | 0.59% | NEW |
| 52 | TNDMTANDEM DIABETES CARE INC | 168K | $2.74M | 0.58% | NEW |
| 53 | GTXGARRETT MOTION INC | 105K | $2.73M | 0.58% | NEW |
| 54 | FANGDIAMONDBACK ENERGY INC | 15K | $2.70M | 0.58% | – |
| 55 | MDPEDIATRIX MEDICAL GROUP INC | 105K | $2.70M | 0.58% | +67% |
| 56 | HALHALLIBURTON CO | 84K | $2.67M | 0.57% | +100% |
| 57 | BKUBANKUNITED INC | 63K | $2.66M | 0.57% | +20% |
| 58 | AMGNAMGEN INC | 6K | $2.66M | 0.57% | -25% |
| 59 | YOUCLEAR SECURE INC | 63K | $2.64M | 0.56% | +100% |
| 60 | UNITUNITI GROUP LLC | 315K | $2.64M | 0.56% | +200% |
| 61 | LUVSOUTHWEST AIRLS CO | 63K | $2.62M | 0.56% | +50% |
| 62 | MEDPMEDPACE HLDGS INC | 4K | $2.62M | 0.56% | -33% |
| 63 | G8060N102SENSATA TECHNOLOGIES HLDG PL | 63K | $2.62M | 0.56% | +100% |
| 64 | PRLBPROTO LABS INC | 27K | $2.59M | 0.55% | -35% |
| 65 | SHLSSHOALS TECHNOLOGIES GROUP IN | 315K | $2.55M | 0.54% | +25% |
| 66 | SPBSPECTRUM BRANDS HOLDINGS INC | 32K | $2.50M | 0.53% | NEW |
| 67 | G9460G101VALARIS LTD | 32K | $2.47M | 0.53% | – |
| 68 | SEPNSEPTERNA INC | 63K | $2.47M | 0.53% | – |
| 69 | CROXCROCS INC | 21K | $2.46M | 0.53% | NEW |
| 70 | G6359F137NABORS INDUSTRIES LTD | 32K | $2.46M | 0.53% | +200% |
| 71 | EXELEXELIXIS INC | 42K | $2.45M | 0.52% | – |
| 72 | GMGENERAL MTRS CO | 32K | $2.43M | 0.52% | +50% |
| 73 | FLNCFLUENCE ENERGY INC | 315K | $2.42M | 0.52% | +200% |
| 74 | URBNURBAN OUTFITTERS INC | 32K | $2.41M | 0.51% | -25% |
| 75 | GAPGAP INC | 105K | $2.40M | 0.51% | +25% |
| 76 | ZDZIFF DAVIS INC | 42K | $2.38M | 0.51% | -43% |
| 77 | ILMNILLUMINA INC | 8K | $2.30M | 0.49% | -33% |
| 78 | ULTAULTA BEAUTY INC | 4K | $2.29M | 0.49% | -50% |
| 79 | CMCSACOMCAST CORP NEW | 105K | $2.28M | 0.49% | NEW |
| 80 | EIXEDISON INTL | 43K | $2.28M | 0.49% | +8400% |
| 81 | G3265R107APTIV PLC | 53K | $2.26M | 0.48% | +25% |
| 82 | H11356104BUNGE GLOBAL SA | 21K | $2.25M | 0.48% | NEW |
| 83 | INVAINNOVIVA INC | 105K | $2.23M | 0.48% | – |
| 84 | APPNAPPIAN CORP | 63K | $2.22M | 0.47% | NEW |
| 85 | MTDRMATADOR RES CO | 42K | $2.17M | 0.46% | -20% |
| 86 | SMSM ENERGY COMPANY | 63K | $2.13M | 0.45% | -40% |
| 87 | ACADACADIA PHARMACEUTICALS INC | 105K | $2.12M | 0.45% | +67% |
| 88 | LNCLINCOLN NATL CORP IND | 53K | $2.11M | 0.45% | +25% |
| 89 | MTCHMATCH GROUP INC NEW | 53K | $2.11M | 0.45% | -38% |
| 90 | CPBTHE CAMPBELLS COMPANY | 105K | $2.08M | 0.44% | -38% |
| 91 | G42706104HAMILTON INSURANCE GROUP LTD | 63K | $2.08M | 0.44% | – |
| 92 | MCYMERCURY GENL CORP NEW | 21K | $2.08M | 0.44% | -33% |
| 93 | BFHBREAD FINANCIAL HOLDINGS INC | 21K | $2.05M | 0.44% | -23% |
| 94 | SLBSLB LIMITED | 42K | $2.05M | 0.44% | – |
| 95 | G8726X106TEEKAY TANKERS LTD | 21K | $2.04M | 0.43% | – |
| 96 | G7496G103RENAISSANCERE HLDGS LTD | 6K | $2.00M | 0.43% | – |
| 97 | LEALEAR CORP | 17K | $1.98M | 0.42% | -20% |
| 98 | IBRXIMMUNITYBIO INC | 210K | $1.98M | 0.42% | +43% |
| 99 | EXPDEXPEDITORS INTL WASH INC | 11K | $1.94M | 0.41% | – |
| 100 | KSSKOHLS CORP | 105K | $1.94M | 0.41% | NEW |
Hussman Investment Trust portfolio by quarter
5 quarters on fileReported 13F value and position count for each quarter AlphaScala holds for Hussman Investment Trust. Value changes include price moves as well as buying and selling. Position changes are shown only where the quarter was compared with the filing before it.
| Quarter | Reported value | Change | Positions | New | Sold out |
|---|---|---|---|---|---|
| Q3 2026 | $468.61M | +8.0% | 263 | 88 | 56 |
| Q2 2026 | $434.03M | -6.2% | 231 | 66 | 103 |
| Q1 2026 | $462.55M | +11.8% | 268 | 97 | 81 |
| Q4 2025 | $413.73M | -10.4% | 252 | 102 | 120 |
| Q3 2025 | $461.77M | – | 270 | – | – |
Funds with overlapping holdings
Overlap is the sum of the smaller portfolio weight for each stock both funds hold, across Hussman Investment Trust's 25 largest positions.
Related data
Data from SEC Form 13F-HR filings, which are due 45 days after quarter end and list long positions in US-listed equities as of that date. Short positions, cash, bonds, non-US holdings and intra-quarter trading are not shown. Listed options are shown separately at notional value. Changes compare the Q3 2026 filing with Q2 2026. Research only – not investment advice.