| ANNUALIZED SINCE INCEPTION | QUARTERLY | YTD |
|---|---|---|
| - | - | - |
The Hennessy Cornerstone Growth Fund utilizes a systematic quantitative approach called the Cornerstone Growth Strategy to identify growth opportunities in the US equity market. The strategy screens companies with market capitalizations exceeding $175 million from the S&P Capital IQ Database, selecting the 50 stocks with the highest one-year price appreciation that also meet specific criteria: price-to-sales ratio below 1.5, annual earnings higher than the previous year, and positive stock price appreciation over three-month and six-month periods. The fund maintains equal 2% weightings across all holdings and rebalances annually. As of January 2026, the portfolio had average and median market capitalizations of $33.8 billion and $6.6 billion respectively, with substantial concentration in the Financials sector. The systematic approach aims to capture growth while maintaining value discipline through the price-to-sales criterion. Key risks include formula investing constraints, high portfolio turnover of 99%, and sector concentration effects.
The Hennessy Cornerstone Growth Fund employs a quantitative formula to identify 50 growth-oriented stocks with the highest one-year price appreciation that meet specific value and momentum criteria, rebalancing annually with equal 2% weightings.
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| Date | Letter | Tickers | Keywords | Pitches | Quick Takes |
|---|---|---|---|---|---|
| Mar 2 2026 | 2025 Q4 | - | financials, Formula, growth, quantitative, small caps, value | - | The Fund employs a rules-based Cornerstone Growth Strategy that selects 50 U.S.-listed stocks with strong one-year price appreciation, improving earnings, and price-to-sales ratios below 1.5, weighting each position equally at 2%. The portfolio is rebalanced annually, resulting in high turnover, and may tilt toward sectors such as Financials depending on screening outcomes. This quantitative momentum approach seeks to systematically capture earnings acceleration and relative strength while maintaining valuation discipline. |
| Jul 11 2025 | 2025 Q2 | - | earnings momentum, fundamentals, growth, innovation, scalability | - | The commentary focuses on growth investing centered on companies with accelerating earnings, strong revenue visibility, and expanding end markets. Management highlights momentum in fundamentals rather than speculative narratives, emphasizing disciplined position sizing. Growth opportunities are framed as most attractive where innovation and profitability intersect. |
| Jan 8 2025 | 2024 Q4 | - | - | - |
| QUARTER | THEMES | TAGS |
|---|---|---|
| 2025 Q2 |
Growth |
| Date | Pitch Type | Author | Ticker | Company | Industry | Sub Industry | Bull / Bear | Exchange | Keywords | Action |
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| No ticker commentary found. | |
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