Hennessy Focus Fund Institutional Class
HFCIX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 7250 Redwood Boulevard Novato CA United States of America 94945
- IPO Date
- Jun 11, 2008
- CIK
- 0000891944
- Website
- hennessyfunds.com
- Similar Companies
- Business
- Hennessy Focus Fund Institutional Class (HFCIX) is an actively managed open-end mutual fund that seeks capital appreciation through a highly concentrated portfolio of approximately 20-24 exceptional growth-oriented stocks, with 60-80% of assets typically allocated to the top 10 holdings; it invests primarily in domestic companies listed on U.S. national securities exchanges, foreign companies listed on such exchanges, American Depositary Receipts (ADRs) of foreign issuers, and select foreign companies traded on foreign exchanges. The fund emphasizes secular growth businesses capable of mid-teens or higher sustained earnings growth, acquired at mid-teens or lower earnings multiples, based on five key criteria including high-quality business models, large growth opportunities, excellent management, low tail risk, and discounted valuations; core sectors include communication services (approximately 34%), financials (22%), and consumer discretionary (18%), with top holdings such as AST SpaceMobile Inc. (28%), Brookfield Corp. (8%), Ashtead Group PLC (7%), O'Reilly Automotive Inc. (6%), and Markel Group Inc. (5%). Sub-advised by Broad Run Investment Management, LLC since 2012, the fund features low portfolio turnover of around 10%, a net expense ratio of 1.11%, and a minimum initial investment of $250,000 for institutional shares. Launched on May 30, 2008 as the institutional share class (with the investor class, HFCSX, dating to January 3, 1997), HFCIX forms part of the Hennessy Funds family managed by Hennessy Advisors, Inc., a publicly traded investment adviser (NASDAQ: HNNA) founded in 1989 and headquartered in Novato, California, with additional offices in Boston, Massachusetts; Chapel Hill, North Carolina; Austin and Dallas, Texas. Hennessy Advisors continues its growth through strategic asset acquisitions, including a February 2025 purchase of approximately $59 million in assets from Community Capital Management, LLC, reorganized into the Hennessy Sustainable ETF, and a March 2025 definitive agreement with STF Management, LP to acquire two ETFs totaling about $220 million in assets, expected to close in Q3 2025; these moves expand Hennessy's ETF lineup while complementing its mutual fund offerings like HFCIX, which remains focused on its concentrated equity strategy with recent portfolio adjustments such as increased weighting in AST SpaceMobile and new positions like Altus Group, Ltd.