Hennessy Focus Fund’s Q3 2026 Investor Letter

Hennessy Fund released its Q3 2026 investor letter for the “Hennessy Focus Fund”. During the third quarter, U.S. equity markets were characterized by a concentration in mega-cap technology stocks, overshadowing broader market performance. Rising long-term interest rates from a “higher for longer” Federal Reserve policy, coupled with increasing crude oil prices due to geopolitical tensions, contributed to investor uncertainty and compressed valuations across most sectors. The fund’s...