Hennessy Cornerstone Large Growth Fd Inv Cl
HFLGX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 7250 Redwood Boulevard Novato CA United States of America 94945
- IPO Date
- Mar 20, 2009
- CIK
- 0000891944
- Website
- hennessyfunds.com
- Similar Companies
- Business
- Hennessy Cornerstone Large Growth Fund Investor Class (HFLGX) is a quantitatively managed open-end mutual fund that seeks capital appreciation by investing in a concentrated portfolio of 50 domestic large-cap common stocks exhibiting high profitability at reasonable valuations. The Fund selects securities from the S&P Capital IQ Database based on above-average market capitalization, price-to-cash-flow ratios below the median of qualifying securities, positive total capital, and the highest one-year returns on total capital; its portfolio emphasizes sectors such as industrials, consumer discretionary, and consumer staples, with top holdings including HCA Healthcare Inc., Ulta Beauty Inc., and Philip Morris International Inc. Hennessy Advisors Inc. serves as the investment adviser, with portfolio management led by Chief Market Strategist Neil J. Hennessy and Chief Investment Officer Ryan C. Kelley, CFA. The Fund, which commenced operations on March 20, 2009, is headquartered in Novato, California, and primarily targets U.S. investors, with total assets under management of approximately $136 million as of September 30, 2025. The Investor Class shares carry a gross expense ratio of 1.27%, with an institutional class (HILGX) available at 1.00%; minimum initial investment stands at $2,500 for Investor Class shares. Distributions of ordinary income and capital gains occur annually in December, with recent payouts including $0.10898 per share in income for 2024 and combined short- and long-term capital gains of $0.38688 per share in December 2024. The Fund maintains a portfolio turnover rate of 46% and an active share of 94% relative to the Russell 1000 Index benchmark. In a significant strategic expansion, Hennessy Advisors announced in March 2025 its agreement to acquire STF Management ETFs from Shelton Capital Management, with the transaction expected to close in the third quarter of 2025; upon completion, the acquired ETFs will reorganize into Hennessy-branded funds, broadening the firm's offerings beyond its traditional mutual fund lineup that includes the Cornerstone series. This move aligns with ongoing enhancements to Hennessy's high-conviction, formula-driven strategies, as highlighted in recent portfolio commentaries emphasizing high profitability and attractive valuations amid market volatility. The firm continues to operate without other major acquisitions, partnerships, or reorganizations reported in the past two years.