Hennessy Focus Fund Investor Class
HFCSX
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
- Dec 31, 1996
- CIK
- 0000891944
- Website
- hennessyfunds.com
- Similar Companies
- Business
- Hennessy Focus Fund Investor Class (HFCSX) is an actively managed open-end mutual fund that seeks capital appreciation by investing primarily in a highly concentrated portfolio of approximately 20-25 high-quality domestic and foreign growth stocks listed on U.S. national securities exchanges, including through American Depositary Receipts (ADRs); the fund emphasizes secular growth businesses with mid-teens or higher earnings growth potential purchased at discounted valuations, based on criteria such as large growth opportunities, excellent management, low tail risk, and conviction-weighted positioning where the top 10 holdings comprise 60-80% of assets; key sectors include technology, financial services, and consumer cyclical, with top holdings as of September 30, 2025, such as AST SpaceMobile Inc. (27.97%), Brookfield Corp. (7.66%), and Ashtead Group PLC (7.41%). The Investor Class (HFCSX) features a gross expense ratio of 1.49%, a minimum initial investment of $2,500, and daily pricing, with an institutional share class (HFCIX) available at a lower expense ratio of 1.11%; the fund maintains low portfolio turnover of around 1-12%, targeting long-term holdings of five to 10 years or more, and is sub-advised by Broad Run Investment Management, LLC, with portfolio managers David Rainey, Ira Rothberg, and Brian Macauley who have collaborated for nearly two decades. Launched on January 3, 1997, as part of the Hennessy Funds family managed by Hennessy Advisors, Inc., which was founded in 1989 and is headquartered in Novato, California, with additional offices in Boston, Massachusetts; Chapel Hill, North Carolina; Austin, Texas; and Dallas, Texas; the fund operates within the mid-cap blend category, serving retail investors, financial advisors, and institutions primarily in the United States. Hennessy Advisors, the fund's investment adviser, has pursued aggressive expansion through strategic asset acquisitions, including in 2024 the purchase of assets from Community Capital Management's Core Impact Equity Fund merged into the Hennessy Sustainable ETF; in 2023, the acquisition of the CCM Small/Mid-Cap Impact Value Fund also integrated into the ETF; and in March 2025, a definitive agreement to acquire approximately $220 million in assets from STF Management, LP's Tactical Growth ETF (TUG) and Tactical Growth & Income ETF (TUGN), expected to close in Q3 2025 and be rebranded under Hennessy Funds Trust with Jonathan Molchan joining as portfolio manager.