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Hussman Strategic Advisors

Fund managementMutual funds & ETFs

Ellicott City, MDCRD 109400Updated

Hussman Strategic Advisors is an investment adviser based in Ellicott City, MD, registered with the SEC since 2000. It provides investment management. Its clients include investment companies. Its regulatory assets under management total $617 million, as filed on 22 January 2026.

3
Clients
Not reported
AUM per individual client
2
Advisory staff
1
Offices

From Form ADV filed 22 January 2026SEC record

Services and clients

Hussman Strategic Advisors provides portfolio management for investment companies.

Hussman Strategic Advisors reports 3 investment companies. These counts refer to investment vehicles, rather than the individual investors in them. Of its assets, 100.0% ($617M across 3 accounts) are managed with discretion.

Clients and assets by client type
Clients3 clients
Assets$617M
Share of clients and assets by client type
Client typeClientsAssets
Investment companies100%100%
Client breakdown and activity details
Investment companies
Clients
3
Regulatory AUM
$617M
AUM share
100.0%
Avg. per client
$206M

Total

Clients
3
Regulatory AUM
$617M
AUM share
100%
Avg. per client
$206M
Clients outside the U.S.
0%
Clients advised without assets under management last fiscal year
0
Private funds advised
0
Financial planning clients last fiscal year
0

Fees and minimums

Hussman Strategic Advisors is paid through a percentage of assets under management; its fees and minimums are set out in its brochures on the SEC website.

Ownership and people

John Hussman owns 75% or more of Hussman Strategic Advisors. The leadership team of Hussman Strategic Advisors includes President John Hussman and Chief Compliance Officer Brooke Steinau. It has 5 employees, 2 of them in advisory roles.

Leadership

  • John Hussman
    President
  • Brooke Steinau
    Chief Compliance Officer

Staff

  • 5 employees
  • 2 in advisory functions
Who owns the firm
Hussman Strategic Advisors Inc· the adviser
  • John Hussman

    Control person · since August 1999

    Owns 75% or more of Hussman Strategic Advisors Inc

Growth and acquisitions

Hussman Strategic Advisors’ regulatory assets fell from $663M (January 2021) to $617M (January 2026); clients fell from 4 to 3 and employees from 6 to 5.

By annual filing
Measure
Figures from each annual filing
Hussman Strategic Advisors figures from each annual Form ADV filing
FiledRegulatory AUMClientsEmployeesOffices
January 2026$617M351
January 2025$497M361
January 2024$607M361
February 2023$808M461
May 2022$767M461
January 2021$663M461

Offices and registration details

Besides its headquarters, Hussman Strategic Advisors has 0 offices, with 1 listed address in Maryland.

Listed office addresses in Maryland
Ellicott City

Maryland · 1 listed address

  • 6021 University BLVD., Suite 490, Ellicott CityHQ

Contact and registration details

Legal name
Hussman Strategic Advisors Inc
Headquarters
6021 University BLVD., Suite 490, Ellicott City, MD 21043
SEC file
801-57572
Structure
Maryland corporation
Fiscal year end
December

Custodians

Hussman Strategic Advisors does not have custody of client assets.

Investments and reported holdings

Hussman Strategic Advisors’ reported 13F holdings for the quarter ended 30 June 2026 total $434M across 231 positions; the largest are Pepsico Inc. (1.2%), Ubiquiti Inc. (1.2%) and Incyte Corp. (1.1%).

Reported 13F holdings

$434M
Reported 13F value
231
Positions
10.4%
In the 10 largest
−6.2%
Value vs. prior quarter
Ten largest positions, share of reported value
  1. Pepsico Inc.1.2%
  2. Ubiquiti Inc.1.2%
  3. Incyte Corp.1.1%
  4. Viasat Inc.1.1%
  5. Neurocrine Biosciences Inc.1.1%
  6. Biogen Inc.1.0%
  7. Hershey CO1.0%
  8. Cimpress PLC · Shs Euro1.0%
  9. Ziff Davis Inc.0.9%
  10. United Nat Foods Inc.0.9%

Together, the ten largest are 10.4% of reported value.

The 50 largest positions and quarterly changesQuarter ended 30 June 2026 · filed 3 August 2026

Common questions

How many clients does Hussman Strategic Advisors have?

Hussman Strategic Advisors has 3 clients and manages $617 million for them, as of January 2026. They include 3 investment companies.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 22 January 2026

What services does Hussman Strategic Advisors offer?

Hussman Strategic Advisors provides portfolio management for investment companies.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

How many financial advisors does Hussman Strategic Advisors have?

Hussman Strategic Advisors has 0 investment adviser representatives registered with state securities authorities, out of 5 employees, and 2 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

Who owns Hussman Strategic Advisors?

Hussman Strategic Advisors’ direct owner is John Hussman (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 22 January 2026

How does Hussman Strategic Advisors get paid?

Hussman Strategic Advisors is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file

How do I contact Hussman Strategic Advisors?

Hussman Strategic Advisors’ main office is at 6021 University BLVD., Suite 490, Ellicott City, MD 21043. Its phone number is 410-715-1130. Its website is hussmanfunds.com.

Source: Form ADV Part 1A, Item 1.F, filed 22 January 2026

Sources and methodology

  1. Form ADV Part 1A, amendment filed 22 January 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 109400.
  3. SEC registered adviser data, annual Form ADV amendments filed 12 January 2021 to 22 January 2026. Items 1.F and 5.
  4. Form 13F-HR, filed 3 August 2026 for the quarter ended 30 June 2026.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since. Disciplinary history is not yet shown here. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one.

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