Hennessy Technology Fd Inv Cl
HTECX
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
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in mil. unless spec.Quarterly Dividends Per Share
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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
- Feb 6, 2002
- CIK
- 0000891944
- Website
- hennessyfunds.com
- Similar Companies
- Business
- Hennessy Technology Fund Investor Class (HTECX) is an open-end mutual fund that seeks long-term capital appreciation by investing primarily in equity securities of companies principally engaged in the technology industry, including those listed on U.S. national securities exchanges and through American Depositary Receipts (ADRs); it maintains a quantitatively managed, relatively concentrated portfolio of approximately 60 stocks selected based on metrics such as sector-leading cash flows, sustained profitability, returns exceeding the cost of capital, attractive balance sheets, relative valuations, and cash generation ability. The fund allocates heavily to information technology (88.7%), with additional exposure to communication services (8.0%) and cash equivalents (3.2%), featuring top sub-industries like systems software, semiconductors, application software, and semiconductor materials & equipment; key holdings as of September 30, 2025, include Tower Semiconductor Ltd. (2.4%), InterDigital Inc. (2.3%), Kimball Electronics Inc. (2.2%), Pure Storage Inc. (2.2%), and Arista Networks Inc. (2.2%). Hennessy Funds, advised by Hennessy Advisors, Inc., 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 Technology Fund (Investor Class) was incepted on February 1, 2002, with total net assets of approximately $8 million and a net expense ratio of 1.23%. The fund targets growth-oriented investors seeking exposure to domestic and international technology companies, with geographic allocations emphasizing the United States (77.8%), Israel (7.0%), Taiwan (3.3%), and the Netherlands (3.2%). In March 2025, Hennessy Advisors announced a definitive agreement to acquire assets of STF Management, LP's two ETFs (STF Tactical Growth ETF and STF Tactical Growth & Income ETF, with combined assets of about $220 million), expected to close in the third quarter of 2025, reorganizing them under Hennessy Funds Trust as the Hennessy Tactical Growth ETF and Hennessy Tactical Growth and Income ETF, while welcoming portfolio manager Jonathan Molchan; this follows a pattern of strategic acquisitions, including the CCM Core Equity Fund in February 2024 (merged into the Hennessy Sustainable ETF) and prior purchases enhancing the firm's lineup of 17 funds with $4.1 billion in assets under management.