Hennessy Large Cap Financial Fund Institutional Class
HILFX
NASDAQ- -
USD
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- -
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 17, 2015
- CIK
- 0000891944
- Website
- hennessyfunds.com
- Similar Companies
- Business
- Hennessy Large Cap Financial Fund Institutional Class (HILFX) is an actively managed open-end mutual fund that invests primarily in a concentrated portfolio of 25-50 large-cap financial services sector stocks, focusing on high-quality banks and financial companies with market capitalizations over $3 billion; it employs a value-oriented strategy seeking businesses characterized by experienced management teams, uncomplicated business models, conservative lending practices, well-capitalized balance sheets, sustainable earnings growth, and attractive valuations relative to peers. The Fund offers Investor Class (HLFNX) and Institutional Class (HILFX) shares, with the Institutional Class launched on June 15, 2015, and a minimum initial investment of $250,000; as of September 30, 2025, it holds total assets of approximately $32 million, with top holdings including Citigroup Inc. (7.0%), JPMorgan Chase & Co. (5.9%), Bank of America Corp. (5.6%), and Robinhood Markets Inc. (5.6%), representing 55.2% of net assets, and sector allocations dominated by diversified banks (31.5%), transaction & payment processing (18.4%), and investment banking & brokerage (17.2%). Hennessy Large Cap Financial Fund operates within the U.S. financial services industry, targeting institutional and high-net-worth investors seeking sector-specific exposure; it is managed by Hennessy Advisors, Inc. (NASDAQ: HNNA), a publicly traded investment manager founded in 1989 and headquartered in Novato, California, which oversees a family of mutual funds and ETFs with approximately $3.9 billion in assets under management and additional offices in Boston, Massachusetts; Chapel Hill, North Carolina; and Austin, Texas. Portfolio management is led by David Ellison, Chief Investment Officer with 20 years on the Fund and 29 years of experience, alongside Ryan Kelley. In recent developments, Hennessy Advisors has pursued its growth-through-acquisition strategy, including a March 2025 agreement to acquire assets of STF Management, LP's two ETFs (STF Tactical Growth & Income ETF and STF Growth ETF) totaling around $220 million, expected to close in the third quarter of 2025 and reorganize into Hennessy offerings; earlier in 2025, it purchased assets related to a second mutual fund from CCM and reorganized them into the Hennessy Sustainable ETF with approximately $59 million in assets; these moves expand Hennessy's ETF portfolio amid sustained operations managing $3.6 billion in assets as of late 2024.