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Form NPORT-P HUSSMAN INVESTMENT TRUST For: Mar 31

May 26, 2022 9:44 AM EDT

  
    NPORT-P
    false
    
      
      
        
          0001110502
          XXXXXXXX
        
      
      
      
      
        S000001545
        C000004199
      
      
    
  
  
    
      Hussman Investment Trust
      811-09911
      0001110502
      549300EF1SYTJJEUZO63
      6021 University Blvd.
      Suite 490
      Ellicott City
      
      21043
      513-587-3400
      HUSSMAN STRATEGIC TOTAL RETURN FUND
      S000001545
      549300517SONMHW30957
      2022-06-30
      2022-03-31
      N
    
    
      273428052.62
      1616753.04
      271811299.58
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0
      
        
          CAD
          
          
        
        
          USD
          
          
        
      
      
      
      N
      
        
          
        
        
          
            
            
            
          
        
        
        
        
      
      
      
      
    
    
      
        Royal Gold, Inc.
        5493001NGRU6SFL04184
        Royal Gold, Inc. 
        780287108
        
          
        
        15000.00000000
        NS
        USD
        2119200.00000000
        0.779658536372
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Oneok Inc.
        2T3D6M0JSY48PSZI1Q41
        ONEOK, Inc. 
        682680103
        
          
        
        985.00000000
        NS
        USD
        69570.55000000
        0.025595164773
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        United States Treasury Bonds
        254900HROIFWPRGM1V77
        U.S. Treasury Inflation-Protected Notes 2.50%, Due 01/15/2029
        912810PZ5
        
          
        
        13091400.00000000
        PA
        USD
        15992686.87000000
        5.883746148416
        Long
        DBT
        UST
        US
        
        N
        
        2
        
          2029-01-15
          Fixed
          2.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Minas Buenaventura
        529900WQB1ZU9KB6EL71
        Compania de Minas Buenaventura S.A. ADR
        204448104
        
          
        
        50000.00000000
        NS
        USD
        503500.00000000
        0.185238803823
        Long
        EC
        CORP
        PE
        
        N
        
        1
        
          N
          N
          N
        
      
      
        United States Treasury Notes
        254900HROIFWPRGM1V77
        U.S. Treasury Notes 2.125% Due 05/31/2026
        9128286X3
        
          
        
        10000000.00000000
        PA
        USD
        9858203.10000000
        3.626855511611
        Long
        DBT
        UST
        US
        
        N
        
        2
        
          2026-05-31
          Fixed
          2.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Tanger Factory Outlet Centers Incorporation
        UKEW8YSXE4Y581KYOL30
        Tanger Factory Outlet Centers, Inc. REIT
        875465106
        
          
        
        20000.00000000
        NS
        USD
        343800.00000000
        0.126484807854
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Coeur Mining Inc
        5493003AVK173D48DR70
        Coeur Mining, Inc. 
        192108504
        
          
        
        100000.00000000
        NS
        USD
        445000.00000000
        0.163716519764
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Laredo Petroleum Inc
        549300X0PTWU2QSLSL14
        LAREDO PETROLEUM, INC. 
        516806205
        
          
        
        30000.00000000
        NS
        USD
        2374200.00000000
        0.873473620731
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        United States Treasury Notes
        254900HROIFWPRGM1V77
        U.S. Treasury Notes 1.500%, Due 08/15/2026
        9128282A7
        
          
        
        25000000.00000000
        PA
        USD
        23996093.75000000
        8.828217880227
        Long
        DBT
        UST
        US
        
        N
        
        2
        
          2026-08-15
          Fixed
          1.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Invesco Ccy Shs Japanese Yen Tr
        N/A
        Invesco Currency Shares Japanese Yen Trust 
        46138W107
        
          
        
        1000.00000000
        NS
        USD
        76940.00000000
        0.028306402316
        Long
        EC
        RF
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Short-Term Invts T
        549300UJV6OHYATSFU27
        Invesco Short-Term Investments Trust Treasury Portfolio
        825252406
        
          
        
        19821857.90000000
        NS
        USD
        19821857.90000000
        7.292506945306
        Long
        STIV
        RF
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Cheniere Energy Partners L P
        5493005UEC8AZ34LDV29
        Cheniere Energy Partners, L.P. 
        16411Q101
        
          
        
        20000.00000000
        NS
        USD
        1127200.00000000
        0.414699463098
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Kinross Gold Corporation
        549300UEBMAQDN0K0R06
        Kinross Gold Corporation 
        496902404
        
          
        
        250000.00000000
        NS
        USD
        1470000.00000000
        0.540816368661
        Long
        EC
        CORP
        CA
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Invesco Ccy Shs Brit Pound Stlg Tr
        N/A
        Invesco Currency Shares British Pound Sterling Trust
        46138M109
        
          
        
        20000.00000000
        NS
        USD
        2526000.00000000
        0.929321188597
        Long
        EC
        RF
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Constellation Energy Corp.
        549300F8Y20RYGNGV346
        Constellation Energy Corporation 
        21037T109
        
          
        
        3333.00000000
        NS
        USD
        187481.25000000
        0.068974781508
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Public Service Enterprise Group Incorporated
        PUSS41EMO3E6XXNV3U28
        Public Service Enterprise Group, Inc. 
        744573106
        
          
        
        500.00000000
        NS
        USD
        35000.00000000
        0.012876580206
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        United States Treasury Notes
        254900HROIFWPRGM1V77
        U.S. Treasury Notes 2.25%, due 02/29/2020
        912828XT2
        
          
        
        25000000.00000000
        PA
        USD
        24809570.25000000
        9.127497748745
        Long
        DBT
        UST
        US
        
        N
        
        2
        
          2024-05-31
          Fixed
          2.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Nabors Industries, Ltd.
        N/A
        Nabors Industries Ltd. 
        G6359F137
        
          
        
        20000.00000000
        NS
        USD
        3054400.00000000
        1.123720759482
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        DT Midstream Inc
        N/A
        DT Midstream, Inc. 
        23345M107
        
          
        
        500.00000000
        NS
        USD
        27130.00000000
        0.009981189171
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        MDU Resources Group, Inc.
        0T6SBMK3JTBI1JR36794
        MDU Resources Group, Inc. 
        552690109
        
          
        
        35000.00000000
        NS
        USD
        932750.00000000
        0.343160862495
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        NuStar Energy LP
        5493003BMLTUIEG2LG44
        NuStar Energy, L.P. 
        67058H102
        
          
        
        31000.00000000
        NS
        USD
        447020.00000000
        0.164459682393
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Black Hills Corporation
        3MGELCRSTNSAMJ962671
        Black Hills Corporation 
        092113109
        
          
        
        500.00000000
        NS
        USD
        38510.00000000
        0.014167917249
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Portland General Electric Company
        GJOUP9M7C39GLSK9R870
        Portland General Electric Company 
        736508847
        
          
        
        1000.00000000
        NS
        USD
        55150.00000000
        0.020289811382
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        The AES Corporation
        2NUNNB7D43COUIRE5295
        AES Corporation 
        00130H105
        
          
        
        1000.00000000
        NS
        USD
        25730.00000000
        0.009466125963
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Agnico Eagle Mines Ltd
        YGE0EUBRF7IJOB3QRX76
        Agnico Eagle Mines Ltd. 
        008474108
        
          
        
        50000.00000000
        NS
        USD
        3062000.00000000
        1.126516816898
        Long
        EC
        CORP
        CA
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Anglogold Ashanti Limited
        378900EF3BA9A5F42A59
        AngloGold Ashanti Ltd. ADR
        035128206
        
          
        
        80000.00000000
        NS
        USD
        1895200.00000000
        0.697248423052
        Long
        EC
        CORP
        ZA
        
        N
        
        1
        
          N
          N
          N
        
      
      
        PBF Energy Inc
        2549003PBEDCSZMZIY02
        PBF Energy, Inc. 
        69318G106
        
          
        
        35000.00000000
        NS
        USD
        852950.00000000
        0.313802259625
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Northwestern Corporation
        3BPWMBHR1R9SHUN7J795
        NorthWestern Corporation 
        668074305
        
          
        
        1000.00000000
        NS
        USD
        60490.00000000
        0.022254409619
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Newmont Corporation
        549300VSP3RIX7FGDZ51
        Newmont Corporation 
        651639106
        
          
        
        120000.00000000
        NS
        USD
        9534000.00000000
        3.507580448175
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        The Williams Companies, Inc.
        D71FAKCBLFS2O0RBPG08
        The Williams Companies, Inc. 
        969457100
        
          
        
        1293.00000000
        NS
        USD
        43199.13000000
        0.015893058922
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Invesco Ccy Shs Euro Tr
        N/A
        Invesco Currency Shares Euro Trust 
        46138K103
        
          
        
        20000.00000000
        NS
        USD
        2051776.00000000
        0.754853092263
        Long
        EC
        RF
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Avista Corporation
        Q0IK63NITJD6RJ47SW96
        Avista Corporation 
        05379B107
        
          
        
        10000.00000000
        NS
        USD
        451500.00000000
        0.166107884660
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Range Resources Corp.
        H3Y3WLYCX0BTO1TRW162
        Range Resources Corporation 
        75281A109
        
          
        
        75000.00000000
        NS
        USD
        2278500.00000000
        0.838265371425
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Southern Company
        549300FC3G3YU2FBZD92
        Southern Company (The) 
        842587107
        
          
        
        500.00000000
        NS
        USD
        36255.00000000
        0.013338297582
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        DTE Energy Company
        549300IX8SD6XXD71I78
        DTE Energy Company 
        233331107
        
          
        
        100.00000000
        NS
        USD
        13221.00000000
        0.004864036197
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        United States Treasury Notes
        254900HROIFWPRGM1V77
        US Treasury Note 1.125%, Due 2/15/31
        91282CBL4
        
          
        
        10000000.00000000
        PA
        USD
        9036523.40000000
        3.324557667014
        Long
        DBT
        UST
        US
        
        N
        
        2
        
          2031-02-15
          Fixed
          1.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Invesco Currencyshares Swiss F
        N/A
        Invesco Currency Shares Swiss Franc Trust 
        46138R108
        
          
        
        5000.00000000
        NS
        USD
        486120.50000000
        0.178844845946
        Long
        EC
        RF
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        United States Treasury Notes
        254900HROIFWPRGM1V77
        U.S. Treasury Notes 0.875%, Due 11/15/2030
        91282CAV3
        
          
        
        10000000.00000000
        PA
        USD
        8865234.40000000
        3.261540051388
        Long
        DBT
        UST
        US
        
        N
        
        2
        
          2030-11-15
          Fixed
          0.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Treasury Notes
        254900HROIFWPRGM1V77
        U.S. Treasury Inflation-Protected Notes 0.125%, due 01/15/2031
        91282CBF7
        
          
        
        10797300.00000000
        PA
        USD
        11504859.27000000
        4.232664090042
        Long
        DBT
        UST
        US
        
        N
        
        2
        
          2031-01-15
          Fixed
          0.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        B2Gold Corp.
        549300F7OK456M5NLM05
        B2GOLD CORPORATION 
        11777Q209
        
          
        
        150000.00000000
        NS
        USD
        688500.00000000
        0.253300727771
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Farmland Partners Inc
        549300LB188CHPZ4IL37
        FARMLAND PARTNERS, INC. 
        31154R109
        
          
        
        50000.00000000
        NS
        USD
        687500.00000000
        0.252932825479
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Halliburton Company
        ENYF8GB5SMQZ25S06U51
        Halliburton Company 
        406216101
        
          
        
        35000.00000000
        NS
        USD
        1325450.00000000
        0.487636092409
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Exelon Corporation
        3SOUA6IRML7435B56G12
        Exelon Corporation 
        30161N101
        
          
        
        1000.00000000
        NS
        USD
        47630.00000000
        0.017523186149
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Pinnacle West Capital Corporation
        TWSEY0NEDUDCKS27AH81
        Pinnacle West Capital Corporation 
        723484101
        
          
        
        1000.00000000
        NS
        USD
        78100.00000000
        0.028733168974
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Iron Mountain Incorporated
        SQL3F6CKNNBM3SQGHX24
        Iron Mountain, Inc. 
        46284V101
        
          
        
        20000.00000000
        NS
        USD
        1108200.00000000
        0.407709319558
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Dominion Energy Inc
        ILUL7B6Z54MRYCF6H308
        Dominion Energy, Inc. 
        25746U109
        
          
        
        500.00000000
        NS
        USD
        42485.00000000
        0.015630328858
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        UGI Corp
        DX6GCWD4Q1JO9CRE5I40
        UGI Corporation 
        902681105
        
          
        
        30000.00000000
        NS
        USD
        1086600.00000000
        0.399762630059
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Nabors Industries Ltd. $166.6667 - Warrants
        N/A
        
          
        
        8000.00000000
        NS
        USD
        184000.00000000
        0.067694021655
        Long
        DE
        CORP
        US
        
        N
        
        1
        
          
            
              None
              N/A
            
            Call
            Purchased
            
              
                Nabor Industries Ltd.
                Nabor Industries Ltd.
                
                  
                
              
            
            8000
            166.67
            USD
            2026-06-11
            XXXX
            184000
          
        
        
          N
          N
          N
        
      
      
        Yamana Gold Inc
        54930002VY22NXG01418
        Yamana Gold, Inc. 
        98462Y100
        
          
        
        125000.00000000
        NS
        USD
        697500.00000000
        0.256611848395
        Long
        EC
        CORP
        CA
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Allete Inc
        549300NNLSIMY6Z8OT86
        ALLETE, Inc. 
        018522300
        
          
        
        1000.00000000
        NS
        USD
        66980.00000000
        0.024642095491
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        NRG Energy, Inc.
        5E2UPK5SW04M13XY7I38
        NRG Energy, Inc. 
        629377508
        
          
        
        40000.00000000
        NS
        USD
        1534400.00000000
        0.564509276240
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        United States Treasury Notes
        254900HROIFWPRGM1V77
        U.S. Treasury Notes 1.50%, due 01/31/2027
        912828Z78
        
          
        
        5000000.00000000
        PA
        USD
        4785156.25000000
        1.760469950069
        Long
        DBT
        UST
        US
        
        N
        
        2
        
          2027-01-31
          Fixed
          1.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Entergy Corporation
        4XM3TW50JULSLG8BNC79
        Entergy Corporation 
        29364G103
        
          
        
        500.00000000
        NS
        USD
        58375.00000000
        0.021476296272
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Helmerich & Payne Inc
        254900NAOGHJ88RZ4C73
        Helmerich & Payne, Inc. 
        423452101
        
          
        
        25000.00000000
        NS
        USD
        1069500.00000000
        0.393471500873
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        The Macerich Company
        529900PSWCB5KI0JYU46
        Macerich Company (The) REIT
        554382101
        
          
        
        20000.00000000
        NS
        USD
        312800.00000000
        0.115079836814
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Avangrid Inc
        549300OX0Q38NLSKPB49
        Avangrid, Inc. 
        05351W103
        
          
        
        1000.00000000
        NS
        USD
        46740.00000000
        0.017195753109
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        United States Treasury Notes
        254900HROIFWPRGM1V77
        U.S. Treasury Notes 0.625%, Due 08/15/2030
        91282CAE1
        
          
        
        10000000.00000000
        PA
        USD
        8696289.10000000
        3.199384688361
        Long
        DBT
        UST
        US
        
        N
        
        2
        
          2030-08-15
          Fixed
          0.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        FirstEnergy Corp.
        549300SVYJS666PQJH88
        FirstEnergy Corporation 
        337932107
        
          
        
        1000.00000000
        NS
        USD
        45860.00000000
        0.016871999093
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Consolidated Edison, Inc.
        54930033SBW53OO8T749
        Consolidated Edison, Inc. 
        209115104
        
          
        
        1000.00000000
        NS
        USD
        94680.00000000
        0.034832988969
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Callon Petroleum Company
        549300EFOWPEB0WLZW21
        Callon Petroleum Company 
        13123X508
        
          
        
        25000.00000000
        NS
        USD
        1477000.00000000
        0.543391684702
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        United States Treasury Notes
        254900HROIFWPRGM1V77
        U.S. Treasury Notes 1.50%, Due 8/15/2022
        912828YA2
        
          
        
        25000000.00000000
        PA
        USD
        25061017.00000000
        9.220005584287
        Long
        DBT
        UST
        US
        
        N
        
        2
        
          2022-08-15
          Fixed
          1.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PPL Corporation
        9N3UAJSNOUXFKQLF3V18
        PPL Corporation 
        69351T106
        
          
        
        1000.00000000
        NS
        USD
        28560.00000000
        0.010507289448
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        SM Energy Co.
        84BUTVXV5ODI6BXNMH43
        SM Energy Company 
        78454L100
        
          
        
        40000.00000000
        NS
        USD
        1558000.00000000
        0.573191770322
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Novagold Resources, Inc.
        529900587LVZTJ2BHS60
        Novagold Resources, Inc. 
        66987E206
        
          
        
        50000.00000000
        NS
        USD
        386500.00000000
        0.142194235705
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Ishares Gold Trust
        5493000860OXIC4B5K91
        iShares COMEX Gold Trust 
        464285204
        
          
        
        100000.00000000
        NS
        USD
        3683000.00000000
        1.354984139986
        Long
        EC
        RF
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Global Water Resources Inc.
        N/A
        GLOBAL WATER RESOURCES, INC. 
        379463102
        
          
        
        1000.00000000
        NS
        USD
        16640.00000000
        0.006121894132
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Otter Tail Corporation
        549300HHVBQRQUVKKD91
        Otter Tail Corporation 
        689648103
        
          
        
        1000.00000000
        NS
        USD
        62500.00000000
        0.022993893225
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Continental Resources, Inc.
        XXRTID9RYWOZ0UPIVR53
        Continental Resources, Inc. 
        212015101
        
          
        
        25000.00000000
        NS
        USD
        1533250.00000000
        0.564086188605
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Ameren Corporation
        XRZQ5S7HYJFPHJ78L959
        Ameren Corporation 
        023608102
        
          
        
        100.00000000
        NS
        USD
        9376.00000000
        0.003449451886
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Via Renewables Inc
        549300U656GZMTWR1T03
        VIA Renewables, Inc. CLASS A
        92556D106
        
          
        
        20000.00000000
        NS
        USD
        164800.00000000
        0.060630297656
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Duke Energy Corp
        I1BZKREC126H0VB1BL91
        Duke Energy Corporation 
        26441C204
        
          
        
        500.00000000
        NS
        USD
        55830.00000000
        0.020539984940
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Hawaiian Electric Industries, Inc.
        JJ8FWOCWCV22X7GUPJ23
        Hawaiian Electric Industries, Inc. 
        419870100
        
          
        
        1000.00000000
        NS
        USD
        42310.00000000
        0.015565945957
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        American Electric Power Co, Inc.
        1B4S6S7G0TW5EE83BO58
        American Electric Power Company, Inc. 
        025537101
        
          
        
        100.00000000
        NS
        USD
        9977.00000000
        0.003670561163
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Edison International
        549300I7ROF15MAEVP56
        Edison International 
        281020107
        
          
        
        500.00000000
        NS
        USD
        35050.00000000
        0.012894975320
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Pan American Silver Corp.
        549300MKTF5851TYIB83
        Pan American Silver Corporation 
        697900108
        
          
        
        40000.00000000
        NS
        USD
        1092000.00000000
        0.401749302434
        Long
        EC
        CORP
        CA
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Wheaton Precious Metals Corporation
        549300XSFG5ZCGVYD886
        Wheaton Precious Metals Corporation 
        962879102
        
          
        
        80000.00000000
        NS
        USD
        3806400.00000000
        1.400383282770
        Long
        EC
        CORP
        CA
        
        N
        
        1
        
          N
          N
          N
        
      
      
        United States Treasury Notes
        254900HROIFWPRGM1V77
        U.S. Treasury Notes 0.125%, Due 1/15/2030
        912828Z37
        
          
        
        10924600.00000000
        PA
        USD
        11566172.37000000
        4.255221320037
        Long
        DBT
        UST
        US
        
        N
        
        2
        
          2030-01-15
          Fixed
          0.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Valero Energy Corporation
        549300XTO5VR8SKV1V74
        Valero Energy Corporation 
        91913Y100
        
          
        
        10000.00000000
        NS
        USD
        1015400.00000000
        0.373567986897
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Alamos Gold Inc.
        549300TDOX73YGYXE959
        Alamos Gold, Inc. CLASS A
        011532108
        
          
        
        75000.00000000
        NS
        USD
        631500.00000000
        0.232330297149
        Long
        EC
        CORP
        CA
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Barrick Gold Corporation
        0O4KBQCJZX82UKGCBV73
        Barrick Gold Corporation 
        067901108
        
          
        
        320000.00000000
        NS
        USD
        7849600.00000000
        2.887885828193
        Long
        EC
        CORP
        CA
        
        N
        
        1
        
          N
          N
          N
        
      
      
        United States Treasury Notes
        254900HROIFWPRGM1V77
        U.S. Treasury Notes 2.25%, due 11/15/2027
        9128283F5
        
          
        
        10000000.00000000
        PA
        USD
        9898437.50000000
        3.641657839572
        Long
        DBT
        UST
        US
        
        N
        
        2
        
          2027-11-15
          Fixed
          2.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Treasury Notes
        254900HROIFWPRGM1V77
        U.S. Treasury Notes 1.375%, due 01/31/2025
        912828Z52
        
          
        
        15000000.00000000
        PA
        USD
        14555273.40000000
        5.354918438817
        Long
        DBT
        UST
        US
        
        N
        
        2
        
          2025-01-31
          Fixed
          1.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Spdr Gold Trust
        N/A
        SPDR Gold Shares 
        78463V107
        
          
        
        20000.00000000
        NS
        USD
        3613000.00000000
        1.329230979573
        Long
        EC
        RF
        US
        
        N
        
        1
        
          N
          N
          N
        
      
    
    
      2022-05-27
      Hussman Investment Trust
      Hussman Investment Trust
      Brian Johnston
      Manager, Fund Accounting
    
  
  XXXX



 

HUSSMAN STRATEGIC GROWTH FUND

SCHEDULE OF INVESTMENTS

March 31, 2022 (Unaudited)  

 

COMMON STOCKS - 99.5%  Shares   Value 
Communications - 10.1%        
Advertising & Marketing - 0.5%        
Omnicom Group, Inc.   25,000   $2,122,000 
           
Cable & Satellite - 1.1%          
Comcast Corporation - Class A   35,000    1,638,700 
DISH Network Corporation - Class A (a)   25,000    791,250 
Sirius XM Holdings, Inc.   350,000    2,317,000 
         4,746,950 
Entertainment Content - 2.3%          
AMC Networks, Inc. - Class A (a)   80,000    3,250,400 
Discovery, Inc. - Series A (a)   125,000    3,115,000 
Paramount Global - Class B   90,000    3,402,900 
         9,768,300 
Internet Media & Services - 3.2%          
Alphabet, Inc. - Class C (a)   1,250    3,491,238 
Baidu, Inc. - ADR (a)   15,000    1,984,500 
CarGurus, Inc. (a)   25,000    1,061,500 
LifeMD, Inc. (a)   35,000    123,550 
Meta Platforms, Inc. - Class A (a)   15,000    3,335,400 
Netflix, Inc. (a)   2,500    936,475 
Shutterstock, Inc.   25,000    2,327,000 
Twitter, Inc. (a)   10,000    386,900 
         13,646,563 
Publishing & Broadcasting - 1.8%          
Audacy, Inc. (a)   60,000    173,400 
Entravision Communications Corporation - Class A   10,000    64,100 
Gray Television, Inc.   200,000    4,414,000 
Nexstar Media Group, Inc. - Class A   10,000    1,884,800 
TEGNA, Inc.   50,000    1,120,000 
         7,656,300 
Telecommunications - 1.2%          
AT&T, Inc.   50,000    1,181,500 
Lumen Technologies, Inc.   75,000    845,250 
Verizon Communications, Inc.   60,000    3,056,400 
         5,083,150 
Consumer Discretionary - 19.5%          
Apparel & Textile Products - 0.8%          
Carter's, Inc.   25,000    2,299,750 

 

 

 

 

HUSSMAN STRATEGIC GROWTH FUND

SCHEDULE OF INVESTMENTS (continued)

 

COMMON STOCKS - 99.5% (continued)  Shares   Value 
Consumer Discretionary - 19.5% (continued)        
Apparel & Textile Products - 0.8% (continued)        
Fossil Group, Inc. (a)   28,000   $269,920 
Movado Group, Inc.   25,000    976,250 
         3,545,920 
Automotive - 0.4%          
Harley-Davidson, Inc.   40,000    1,576,000 
           
Consumer Services - 1.2%          
Graham Holdings Company - Class B   5,000    3,057,350 
Medifast, Inc.   2,500    426,950 
Perdoceo Education Corporation (a)   25,000    287,000 
Stride, Inc. (a)   40,000    1,453,200 
         5,224,500 
E-Commerce Discretionary - 1.0%          
1-800-FLOWERS.COM, Inc. - Class A (a)   75,000    957,000 
Amazon.com, Inc. (a)   250    814,988 
eBay, Inc.   25,000    1,431,500 
Etsy, Inc. (a)   7,500    932,100 
         4,135,588 
Home & Office Products - 1.4%          
ACCO Brands Corporation   125,000    1,000,000 
Hamilton Beach Brands Holding Company - Class A   50,000    581,500 
iRobot Corporation (a)   25,000    1,585,000 
Tempur Sealy International, Inc.   60,000    1,675,200 
Tupperware Brands Corporation (a)   50,000    972,500 
         5,814,200 
Home Construction - 0.9%          
Century Communities, Inc.   15,000    803,550 
D.R. Horton, Inc.   10,000    745,100 
Forestar Group, Inc. (a)   35,000    621,600 
Lennar Corporation - Class A   5,000    405,850 
LGI Homes, Inc. (a)   6,000    586,080 
M/I Homes, Inc. (a)   20,000    887,000 
         4,049,180 
Leisure Facilities & Services - 1.2%          
Brinker International, Inc. (a)   40,000    1,526,400 

 

 

 

 

HUSSMAN STRATEGIC GROWTH FUND

SCHEDULE OF INVESTMENTS (continued)

 

COMMON STOCKS - 99.5% (continued)  Shares   Value 
Consumer Discretionary - 19.5% (continued)        
Leisure Facilities & Services - 1.2% (continued)        
Domino's Pizza, Inc.   4,000   $1,628,040 
Starbucks Corporation   20,000    1,819,400 
         4,973,840 
Leisure Products - 1.3%          
Mattel, Inc. (a)   50,000    1,110,500 
Thor Industries, Inc.   15,000    1,180,500 
Winnebago Industries, Inc.   25,000    1,350,750 
YETI Holdings, Inc. (a)   30,000    1,799,400 
         5,441,150 
Retail - Discretionary - 10.6%          
AutoNation, Inc. (a)   10,000    995,800 
AutoZone, Inc. (a)   500    1,022,290 
Bed Bath & Beyond, Inc. (a)   25,000    563,250 
Big 5 Sporting Goods Corporation   100,000    1,715,000 
Buckle, Inc. (The)   100,000    3,304,000 
CarMax, Inc. (a)   5,000    482,400 
Chico's FAS, Inc. (a)   150,000    720,000 
Designer Brands, Inc. - Class A (a)   45,000    607,950 
Dick's Sporting Goods, Inc.   35,000    3,500,700 
Duluth Holdings, Inc. - Class B (a)   150,000    1,834,500 
Express, Inc. (a)   250,000    890,000 
Foot Locker, Inc.   36,000    1,067,760 
Gap, Inc. (The)   15,000    211,200 
Genesco, Inc. (a)   25,000    1,590,250 
Hibbett, Inc.   35,000    1,551,900 
Home Depot, Inc. (The)   5,000    1,496,650 
Kohl's Corporation   15,000    906,900 
lululemon athletica, inc. (a)   2,500    913,075 
Macy's, Inc.   125,000    3,045,000 
MarineMax, Inc. (a)   50,000    2,013,000 
O'Reilly Automotive, Inc. (a)   2,500    1,712,400 
Penske Automotive Group, Inc.   10,000    937,200 
Qurate Retail, Inc. - Series A   140,000    666,400 
Sally Beauty Holdings, Inc. (a)   150,000    2,344,500 
Sleep Number Corporation (a)   40,000    2,028,400 
Ulta Beauty, Inc. (a)   5,000    1,991,100 
Urban Outfitters, Inc. (a)   50,000    1,255,500 
Williams-Sonoma, Inc.   25,000    3,624,999 
Zumiez, Inc. (a)   50,000    1,910,500 
         44,902,624 

 

 

 

 

HUSSMAN STRATEGIC GROWTH FUND

SCHEDULE OF INVESTMENTS (continued)

 

COMMON STOCKS - 99.5% (continued)  Shares   Value 
Consumer Discretionary - 19.8% (continued)        
Wholesale - Discretionary - 0.7%        
Educational Development Corporation   60,000   $465,000 
LKQ Corporation   40,000    1,816,400 
Vera Bradley, Inc. (a)   75,000    575,250 
         2,856,650 
Consumer Staples - 12.0%          
Beverages - 0.6%          
National Beverage Corporation   40,000    1,740,000 
PepsiCo, Inc.   5,000    836,900 
         2,576,900 
Food - 5.8%          
B&G Foods, Inc.   125,000    3,372,500 
BellRing Brands, Inc. (a)   25,000    577,000 
Campbell Soup Company   65,000    2,897,050 
Fresh Del Monte Produce, Inc.   75,000    1,943,250 
General Mills, Inc.   35,000    2,370,200 
Herbalife Nutrition Ltd. (a)   30,000    910,800 
Ingredion, Inc.   10,000    871,500 
J.M. Smucker Company (The)   15,000    2,031,150 
Kellogg Company   65,000    4,191,850 
Kraft Heinz Company (The)   75,000    2,954,250 
Phibro Animal Health Corporation - Class A   25,000    498,750 
USANA Health Sciences, Inc. (a)   25,000    1,986,250 
         24,604,550 
Household Products - 0.8%          
Clorox Company (The)   5,000    695,150 
Colgate-Palmolive Company   10,000    758,300 
Kimberly-Clark Corporation   5,000    615,800 
Nu Skin Enterprises, Inc. - Class A   25,000    1,197,000 
         3,266,250 
Retail - Consumer Staples - 4.7%          
Big Lots, Inc.   75,000    2,595,000 
Ingles Markets, Inc. - Class A   25,000    2,226,250 
Natural Grocers by Vitamin Cottage, Inc.   100,000    1,960,000 
Ollie's Bargain Outlet Holdings, Inc. (a)   15,000    644,400 
Rite Aid Corporation (a)   75,000    656,250 
Sprouts Farmers Market, Inc. (a)   125,000    3,997,500 

 

 

 

 

HUSSMAN STRATEGIC GROWTH FUND

SCHEDULE OF INVESTMENTS (continued)

   

COMMON STOCKS - 99.5% (continued)  Shares   Value 
Consumer Staples - 12.0% (continued)        
Retail - Consumer Staples - 4.7% (continued)        
United Natural Foods, Inc. (a)   125,000   $5,168,750 
Walgreens Boots Alliance, Inc.   60,000    2,686,200 
         19,934,350 
Wholesale - Consumer Staples - 0.1%          
Archer-Daniels-Midland Company   7,500    676,950 
           
Energy - 5.0%          
Oil & Gas Producers - 3.5%          
Antero Resources Corporation (a)   45,000    1,373,850 
California Resources Corporation   25,000    1,118,250 
Callon Petroleum Company (a)   25,000    1,477,000 
Continental Resources, Inc.   30,000    1,839,900 
Laredo Petroleum, Inc. (a)   30,000    2,374,200 
Ovintiv, Inc.   50,000    2,703,500 
Range Resources Corporation (a)   75,000    2,278,500 
SM Energy Company   40,000    1,558,000 
         14,723,200 
Oil & Gas Services & Equipment - 0.7%          
Nabors Industries Ltd. (a)   20,000    3,054,400 
           
Renewable Energy - 0.8%          
Canadian Solar, Inc. (a)   45,000    1,591,200 
First Solar, Inc. (a)   1,500    125,610 
JinkoSolar Holding Company Ltd. - ADR (a)   15,000    724,350 
SunPower Corporation (a)   25,000    537,000 
Sunworks, Inc. (a)   120,000    302,400 
TPI Composites, Inc. (a)   25,000    351,500 
         3,632,060 
Financials - 9.9%          
Asset Management - 1.2%          
BrightSphere Investment Group, Inc.   50,000    1,212,500 
Federated Hermes, Inc.   35,000    1,192,100 
Invesco Ltd.   125,000    2,882,500 
         5,287,100 
Banking - 2.3%          
Associated Banc-Corp   30,000    682,800 
Citizens Financial Group, Inc.   15,000    679,950 
Fifth Third Bancorp   10,000    430,400 
Hilltop Holdings, Inc.   75,000    2,205,000 

 

 

 

 

HUSSMAN STRATEGIC GROWTH FUND

SCHEDULE OF INVESTMENTS (continued)

 

COMMON STOCKS - 99.5% (continued)  Shares   Value 
Financials - 9.9% (continued)        
Banking - 2.3% (continued)        
Hope Bancorp, Inc.   50,000   $804,000 
Investors Bancorp, Inc.   50,000    746,500 
Kearny Financial Corporation   75,000    966,000 
New York Community Bancorp, Inc.   100,000    1,072,000 
Old National Bancorp   56,680    928,418 
People's United Financial, Inc.   30,000    599,700 
Provident Financial Services, Inc.   25,000    585,000 
         9,699,768 
Institutional Financial Services - 1.7%          
Cboe Global Markets, Inc.   30,000    3,432,600 
Evercore, Inc. - Class A   25,000    2,783,000 
StoneX Group, Inc. (a)   15,000    1,113,450 
         7,329,050 
Insurance - 4.0%          
Aflac, Inc.   35,000    2,253,650 
Allstate Corporation (The)   30,000    4,155,300 
Lincoln National Corporation   30,000    1,960,800 
NMI Holdings, Inc. - Class A (a)   25,000    515,500 
Old Republic International Corporation   125,000    3,233,750 
Progressive Corporation (The)   15,000    1,709,850 
Unum Group   100,000    3,151,000 
         16,979,850 
Specialty Finance - 0.7%          
Alliance Data Systems Corporation   19,000    1,066,850 
Ally Financial, Inc.   10,000    434,800 
Navient Corporation   75,000    1,278,000 
         2,779,650 
Health Care - 13.4%          
Biotech & Pharma - 8.5%          
AbbVie, Inc.   5,000    810,550 
Alkermes plc (a)   15,000    394,650 
Amgen, Inc.   7,500    1,813,650 
Amneal Pharmaceuticals, Inc. (a)   175,000    729,750 
Biogen, Inc. (a)   17,500    3,685,500 
Catalyst Pharmaceuticals, Inc. (a)   65,000    538,850 
ChromaDex Corporation (a)   50,000    123,000 
Coherus Biosciences, Inc. (a)   15,000    193,650 
Corcept Therapeutics, Inc. (a)   50,000    1,126,000 
CRISPR Therapeutics AG (a)   10,000    627,700 

 

 

 

 

HUSSMAN STRATEGIC GROWTH FUND

SCHEDULE OF INVESTMENTS (continued)

 

COMMON STOCKS - 99.5% (continued)  Shares   Value 
Health Care - 13.4% (continued)    
Biotech & Pharma - 8.5% (continued)    
Editas Medicine, Inc. (a)   10,000   $190,200 
Exelixis, Inc. (a)   25,000    566,750 
Gilead Sciences, Inc.   30,000    1,783,500 
Innoviva, Inc. (a)   155,000    2,999,250 
Ironwood Pharmaceuticals, Inc. (a)   50,000    629,000 
Jazz Pharmaceuticals plc (a)   5,000    778,350 
Johnson & Johnson   2,500    443,075 
Neurocrine Biosciences, Inc. (a)   30,000    2,812,500 
Organogenesis Holdings, Inc. (a)   30,000    228,600 
Pfizer, Inc.   65,000    3,365,050 
Prothena Corporation plc (a)   15,000    548,550 
Regeneron Pharmaceuticals, Inc. (a)   6,000    4,190,520 
Rigel Pharmaceuticals, Inc. (a)   150,000    448,500 
Sage Therapeutics, Inc. (a)   25,000    827,500 
Supernus Pharmaceuticals, Inc. (a)   100,000    3,232,000 
Vanda Pharmaceuticals, Inc. (a)   150,000    1,696,500 
Vertex Pharmaceuticals, Inc. (a)   2,500    652,425 
Viatris, Inc.   50,000    544,000 
         35,979,570 
Health Care Facilities & Services - 3.4%          
Brookdale Senior Living, Inc. (a)   70,000    493,500 
Cigna Corporation   6,000    1,437,660 
Community Health Systems, Inc. (a)   100,000    1,187,000 
CVS Health Corporation   15,000    1,518,150 
Fulgent Genetics, Inc. (a)   15,000    936,150 
HCA Healthcare, Inc.   7,500    1,879,650 
Laboratory Corporation of America Holdings (a)   12,500    3,295,750 
Quest Diagnostics, Inc.   25,000    3,421,500 
Universal Health Services, Inc. - Class B   3,000    434,850 
         14,604,210 
Medical Equipment & Devices - 1.5%          
10X Genomics, Inc. - Class A (a)   3,000    228,210 
Apollo Endosurgery, Inc. (a)   25,000    151,250 
Co-Diagnostics, Inc. (a)   35,000    216,300 
Exact Sciences Corporation (a)   7,500    524,400 
Hologic, Inc. (a)   10,000    768,200 

 

 

 

 

HUSSMAN STRATEGIC GROWTH FUND

SCHEDULE OF INVESTMENTS (continued)

 

COMMON STOCKS - 99.5% (continued)  Shares   Value 
Health Care - 13.4% (continued)    
Medical Equipment & Devices - 1.5% (continued)    
Inogen, Inc. (a)   60,000   $1,945,200 
Quidel Corporation (a)   6,000    674,760 
Vericel Corporation (a)   6,000    229,320 
Waters Corporation (a)   5,000    1,551,950 
         6,289,590 
Industrials - 5.7%          
Commercial Support Services - 0.9%          
H&R Block, Inc.   150,000    3,906,000 
           
Diversified Industrials - 0.3%          
3M Company   7,500    1,116,600 
           
Electrical Equipment - 1.3%          
Allegion plc   15,000    1,646,700 
Atkore, Inc. (a)   35,000    3,445,400 
Capstone Green Energy Corporation (a)   24,000    98,880 
WidePoint Corporation (a)   116,000    438,480 
         5,629,460 
Engineering & Construction - 0.2%          
Orbital Energy Group, Inc. (a)   90,000    165,600 
Primoris Services Corporation   25,000    595,500 
         761,100 
Industrial Intermediate Products - 0.3%          
Proto Labs, Inc. (a)   25,000    1,322,500 
           
Industrial Support Services - 0.2%
WESCO International, Inc. (a)   5,000    650,700 
           
Machinery - 0.1%
Energy Recovery, Inc. (a)   25,000    503,500 
           
Transportation & Logistics - 2.4%          
Atlas Air Worldwide Holdings, Inc. (a)   25,000    2,159,250 
C.H. Robinson Worldwide, Inc.   20,000    2,154,200 
Expeditors International of Washington, Inc.   35,000    3,610,600 
FedEx Corporation   5,000    1,156,950 

 

 

 

 

HUSSMAN STRATEGIC GROWTH FUND

SCHEDULE OF INVESTMENTS (continued)

   

COMMON STOCKS - 99.5% (continued)  Shares   Value 
Industrials - 5.7% (continued)    
Transportation & Logistics - 2.4% (continued)    
Landstar System, Inc.   7,500   $1,131,225 
         10,212,225 
Materials - 6.9%          
Chemicals - 1.7%          
AdvanSix, Inc.   20,000    1,021,800 
LyondellBasell Industries N.V. - Class A   15,000    1,542,300 
Mosaic Company (The)   25,000    1,662,500 
Valvoline, Inc.   100,000    3,156,000 
         7,382,600 
Containers & Packaging - 1.5%          
Berry Global Group, Inc. (a)   50,000    2,898,000 
Greif, Inc. - Class A   50,000    3,253,000 
         6,151,000 
Forestry, Paper & Wood Products - 0.4%          
Boise Cascade Company   25,000    1,736,750 
           
Metals & Mining - 3.3%          
Agnico Eagle Mines Ltd.   25,000    1,531,000 
AngloGold Ashanti Ltd. - ADR   40,000    947,600 
Barrick Gold Corporation   160,000    3,924,800 
Encore Wire Corporation   10,000    1,140,700 
Kinross Gold Corporation   125,000    735,000 
Newmont Corporation   60,000    4,767,000 
Royal Gold, Inc.   7,500    1,059,600 
         14,105,700 
Real Estate - 0.8%          
Real Estate Services - 0.2%          
eXp World Holdings, Inc.   15,000    317,550 
Jones Lang LaSalle, Inc. (a)   2,500    598,650 
         916,200 
REITs - 0.6%          
Farmland Partners, Inc.   50,000    687,500 
Iron Mountain, Inc.   25,000    1,385,250 
Macerich Company (The)   25,000    391,000 
         2,463,750 
Technology - 15.8%          
Semiconductors - 1.6%          
Amkor Technology, Inc.   25,000    543,000 
Applied Materials, Inc.   10,000    1,318,000 

 

 

 

 

HUSSMAN STRATEGIC GROWTH FUND

SCHEDULE OF INVESTMENTS (continued)

 

COMMON STOCKS - 99.5% (continued)  Shares   Value 
Technology - 15.8% (continued)    
Semiconductors - 1.6% (continued)    
Intel Corporation   50,000   $2,478,000 
QUALCOMM, Inc.   15,000    2,292,300 
         6,631,300 
Software - 4.7%          
Akamai Technologies, Inc. (a)   20,000    2,387,800 
Concentrix Corporation   5,000    832,800 
Ebix, Inc.   75,000    2,486,250 
IonQ, Inc (a)   50,000    638,000 
Microsoft Corporation   150    46,247 
Oracle Corporation   25,000    2,068,250 
salesforce.com, Inc. (a)   2,500    530,800 
Thryv Holdings, Inc. (a)   25,000    703,000 
Unity Software, Inc. (a)   5,000    496,050 
Upstart Holdings, Inc. (a)   2,500    272,725 
VMware, Inc. - Class A   40,000    4,554,800 
Xperi Holding Corporation   50,000    866,000 
Ziff Davis, Inc. (a)   35,000    3,387,300 
Zoom Video Communications, Inc. - Class A (a)   5,000    586,150 
         19,856,172 
Technology Hardware - 7.4%          
Apple, Inc.   1,000    174,610 
Aviat Networks, Inc. (a)   15,000    461,550 
Cambium Networks Corporation (a)   105,000    2,482,200 
Casa Systems, Inc. (a)   45,000    203,400 
Ciena Corporation (a)   35,000    2,122,050 
Cisco Systems, Inc.   40,000    2,230,400 
Clearfield, Inc. (a)   20,000    1,304,400 
CommScope Holding Company, Inc. (a)   50,000    394,000 
Dell Technologies, Inc. - Class C (a)   50,000    2,509,500 
HP, Inc.   50,000    1,815,000 
Identiv, Inc. (a)   5,000    80,850 
Jabil, Inc.   25,000    1,543,250 
Juniper Networks, Inc.   40,000    1,486,400 
NetApp, Inc.   50,000    4,150,000 
Pitney Bowes, Inc.   120,000    624,000 
Ribbon Communications, Inc. (a)   325,000    1,004,250 
Seagate Technology Holdings plc   25,000    2,247,500 
Sonos, Inc. (a)   15,000    423,300 

 

 

 

 

HUSSMAN STRATEGIC GROWTH FUND

SCHEDULE OF INVESTMENTS (continued)

 

COMMON STOCKS - 99.5% (continued)  Shares   Value 
Technology - 15.8% (continued)    
Technology Hardware - 7.4% (continued)    
Super Micro Computer, Inc. (a)   20,000   $761,400 
Turtle Beach Corporation (a)   125,000    2,661,250 
Ubiquiti, Inc.   10,000    2,911,600 
         31,590,910 
Technology Services - 2.1%          
Block, Inc. - Class A (a)   10,000    1,356,000 
Cognizant Technology Solutions Corporation - Class A   30,000    2,690,100 
Infosys Ltd. - ADR   75,000    1,866,750 
Maximus, Inc.   15,000    1,124,250 
PayPal Holdings, Inc. (a)   15,000    1,734,750 
         8,771,850 
Utilities - 0.4%          
Electric Utilities - 0.4%          
NRG Energy, Inc.   40,000    1,534,400 
           
Total Common Stocks (Cost $430,996,582)       $422,203,080 

 

EXCHANGE-TRADED FUNDS - 0.8%  Shares   Value 
iShares Gold Trust (a)   45,000   $1,657,350 
SPDR Gold Shares (a)   9,000    1,625,850 
Total Exchange-Traded Funds (Cost $3,142,145)       $3,283,200 

 

WARRANTS - 0.1%  Shares   Value 
Energy - 0.1%       
Oil & Gas Services & Equipment - 0.1%        
Nabors Industries Ltd.,  expires 06/11/2026 (a) (Cost $0)   8,000   $184,000 

 

EXCHANGE-TRADED PUT OPTION CONTRACTS - 2.7%  Contracts   Notional Amount   Value 
Russell 2000 Index Option, 05/20/2022 at $2,100   900   $186,311,250   $8,093,700 

 

 

 

 

HUSSMAN STRATEGIC GROWTH FUND

SCHEDULE OF INVESTMENTS (continued)

 

EXCHANGE-TRADED PUT OPTION CONTRACTS - 2.7% (continued)      Notional Amount   Value 
S&P 500 Index Option, 04/14/2022 at $4,550   525   $237,846,525   $3,470,250 
Total Put Option Contracts (Cost $8,290,951)       $424,157,775   $11,563,950 
                
Total Investments at Value - 103.1%  (Cost $442,429,678)            $437,234,230 

 

MONEY MARKET FUNDS - 27.0%  Shares   Value 
Invesco Short-Term Investments Trust - Treasury Portfolio - Institutional Class, 0.17% (b) (Cost $114,602,546)   114,602,546   $114,602,546 
           
Total Investments and Money Market Funds at Value -
130.1% (Cost $557,032,224)
       $551,836,776 
           
Written Call Option Contracts - (30.5%)        (129,419,400)
           
Other Assets in Excess of Liabilities - 0.4%        1,776,108 
           
Net Assets - 100.0%       $424,193,484 

 

ADR  - American Depositary Receipt.

 

(a)Non-income producing security.
(b)The rate shown is the 7-day effective yield as of March 31, 2022.

 

The average monthly notional value of exchange-traded call option contracts and exchange-traded put option contracts during the nine months ended March 31, 2022 was $65,724,599 and $395,525,547, respectively. As of March 31, 2022, the Fund did not hold any exchange-traded call option contracts. 

 

 

 

 

 

HUSSMAN STRATEGIC GROWTH FUND

SCHEDULE OF OPEN WRITTEN OPTION CONTRACTS

March 31, 2022 (Unaudited)

     

EXCHANGE-TRADED
WRITTEN CALL
OPTION CONTRACTS
  Contracts   Notional
Amount
   Strike Price   Expiration
Date
  Value of
Options
 
Call Option Contracts
Russell 2000 Index Option   900   $186,311,250   $1,500   06/17/2022  $51,425,100 
S&P 500 Index Option   510    231,050,910    3,000   06/17/2022   77,994,300 
Total Written Call Option Contracts (Premiums received $117,796,532)       $417,362,160           $129,419,400 

 

The average monthly notional value of exchange-traded written call option contracts during the nine months ended March 31, 2022 was $388,325,726.

 

 

 

 

HUSSMAN STRATEGIC ALLOCATION FUND

SCHEDULE OF INVESTMENTS

March 31, 2022 (Unaudited)

 

COMMON STOCKS - 76.2%  Shares   Value 
Communications - 7.8%    
Advertising & Marketing - 0.4%    
Omnicom Group, Inc.   1,000   $84,880 
           
Cable & Satellite - 0.9%          
Comcast Corporation - Class A   1,400    65,548 
DISH Network Corporation - Class A (a)   1,000    31,650 
Sirius XM Holdings, Inc.   14,000    92,680 
         189,878 
Entertainment Content - 1.8%          
AMC Networks, Inc. - Class A (a)   3,200    130,016 
Discovery, Inc. - Series A (a)   5,000    124,600 
Paramount Global - Class B   3,600    136,116 
         390,732 
Internet Media & Services - 2.4%          
Alphabet, Inc. - Class C (a)   50    139,650 
Baidu, Inc. - ADR (a)   500    66,150 
CarGurus, Inc. (a)   1,000    42,460 
LifeMD, Inc. (a)   1,400    4,942 
Meta Platforms, Inc. - Class A (a)   600    133,416 
Netflix, Inc. (a)   100    37,459 
Shutterstock, Inc.   1,000    93,080 
Twitter, Inc. (a)   400    15,476 
         532,633 
Publishing & Broadcasting - 1.4%          
Audacy, Inc. (a)   2,000    5,780 
Entravision Communications Corporation - Class A   400    2,564 
Gray Television, Inc.   8,000    176,560 
Nexstar Media Group, Inc. - Class A   400    75,392 
TEGNA, Inc.   2,000    44,800 
         305,096 
Telecommunications - 0.9%          
AT&T, Inc.   2,000    47,260 
Lumen Technologies, Inc.   3,000    33,810 
Verizon Communications, Inc.   2,400    122,256 
         203,326 
Consumer Discretionary - 14.9%          
Apparel & Textile Products - 0.6%          
Carter's, Inc.   1,000    91,990 

 

 

 

 

HUSSMAN STRATEGIC ALLOCATION FUND

SCHEDULE OF INVESTMENTS (continued)

   

COMMON STOCKS - 76.2% (continued)  Shares   Value 
Consumer Discretionary - 14.9% (continued)    
Apparel & Textile Products - 0.6% (continued)    
Fossil Group, Inc. (a)   800   $7,712 
Movado Group, Inc.   1,000    39,050 
         138,752 
Automotive - 0.3%          
Harley-Davidson, Inc.   1,600    63,040 
           
Consumer Services - 0.9%          
Graham Holdings Company - Class B   200    122,294 
Medifast, Inc.   100    17,078 
Perdoceo Education Corporation (a)   1,000    11,480 
Stride, Inc. (a)   1,600    58,128 
         208,980 
E-Commerce Discretionary - 0.8%          
1-800-FLOWERS.COM, Inc. - Class A (a)   3,000    38,280 
Amazon.com, Inc. (a)   10    32,600 
eBay, Inc.   1,000    57,260 
Etsy, Inc. (a)   300    37,284 
         165,424 
Home & Office Products - 1.1%          
ACCO Brands Corporation   5,000    40,000 
Hamilton Beach Brands Holding Company - Class A   2,000    23,260 
iRobot Corporation (a)   1,000    63,400 
Tempur Sealy International, Inc.   2,400    67,008 
Tupperware Brands Corporation (a)   2,000    38,900 
         232,568 
Home Construction - 0.7%          
Century Communities, Inc.   600    32,142 
D.R. Horton, Inc.   400    29,804 
Forestar Group, Inc. (a)   1,000    17,760 
Lennar Corporation - Class A   200    16,234 
LGI Homes, Inc. (a)   200    19,536 
M/I Homes, Inc. (a)   800    35,480 
         150,956 
Leisure Facilities & Services - 0.9%          
Brinker International, Inc. (a)   1,600    61,056 

 

 

 

 

HUSSMAN STRATEGIC ALLOCATION FUND

SCHEDULE OF INVESTMENTS (continued)

 

COMMON STOCKS - 76.2% (continued)  Shares   Value 
Consumer Discretionary - 14.9% (continued)    
Leisure Facilities & Services - 0.9% (continued)          
Domino's Pizza, Inc.   160   $65,122 
Starbucks Corporation   800    72,776 
         198,954 
Leisure Products - 1.0%          
Mattel, Inc. (a)   2,000    44,420 
Thor Industries, Inc.   600    47,220 
Winnebago Industries, Inc.   1,000    54,030 
YETI Holdings, Inc. (a)   1,200    71,976 
         217,646 
Retail - Discretionary - 8.1%          
AutoNation, Inc. (a)   400    39,832 
AutoZone, Inc. (a)   20    40,892 
Bed Bath & Beyond, Inc. (a)   1,000    22,530 
Big 5 Sporting Goods Corporation   4,000    68,600 
Buckle, Inc. (The)   4,000    132,160 
CarMax, Inc. (a)   200    19,296 
Chico's FAS, Inc. (a)   4,000    19,200 
Designer Brands, Inc. - Class A (a)   1,500    20,265 
Dick's Sporting Goods, Inc.   1,400    140,028 
Duluth Holdings, Inc. - Class B (a)   6,000    73,380 
Express, Inc. (a)   10,000    35,600 
Foot Locker, Inc.   1,200    35,592 
Gap, Inc. (The)   500    7,040 
Genesco, Inc. (a)   1,000    63,610 
Hibbett, Inc.   1,400    62,076 
Home Depot, Inc. (The)   200    59,866 
Kohl's Corporation   600    36,276 
lululemon athletica, inc. (a)   100    36,523 
Macy's, Inc.   5,000    121,800 
MarineMax, Inc. (a)   2,000    80,520 
O'Reilly Automotive, Inc. (a)   100    68,496 
Penske Automotive Group, Inc.   400    37,488 
Qurate Retail, Inc. - Series A   4,000    19,040 
Sally Beauty Holdings, Inc. (a)   6,000    93,780 
Sleep Number Corporation (a)   1,600    81,136 
Ulta Beauty, Inc. (a)   200    79,644 
Urban Outfitters, Inc. (a)   2,000    50,220 
Williams-Sonoma, Inc.   1,000    144,999 
Zumiez, Inc. (a)   2,000    76,420 
         1,766,309 

 

 

 

 

HUSSMAN STRATEGIC ALLOCATION FUND

SCHEDULE OF INVESTMENTS (continued)

 

COMMON STOCKS - 76.2% (continued)  Shares   Value 
Consumer Discretionary - 14.9% (continued)    
Wholesale - Discretionary - 0.5%    
Educational Development Corporation   2,000   $15,500 
LKQ Corporation   1,600    72,656 
Vera Bradley, Inc. (a)   3,000    23,010 
         111,166 
Consumer Staples - 9.3%          
Beverages - 0.5%          
National Beverage Corporation   1,600    69,600 
PepsiCo, Inc.   200    33,476 
         103,076 
Food - 4.5%          
B&G Foods, Inc.   5,000    134,900 
BellRing Brands, Inc. (a)   1,000    23,080 
Campbell Soup Company   2,600    115,882 
Fresh Del Monte Produce, Inc.   3,000    77,730 
General Mills, Inc.   1,400    94,808 
Herbalife Nutrition Ltd. (a)   1,200    36,432 
Ingredion, Inc.   400    34,860 
J.M. Smucker Company (The)   600    81,246 
Kellogg Company   2,600    167,674 
Kraft Heinz Company (The)   3,000    118,170 
Phibro Animal Health Corporation - Class A   1,000    19,950 
USANA Health Sciences, Inc. (a)   1,000    79,450 
         984,182 
Household Products - 0.6%          
Clorox Company (The)   200    27,806 
Colgate-Palmolive Company   400    30,332 
Kimberly-Clark Corporation   200    24,632 
Nu Skin Enterprises, Inc. - Class A   1,000    47,880 
         130,650 
Retail - Consumer Staples - 3.6%          
Big Lots, Inc.   3,000    103,800 
Ingles Markets, Inc. - Class A   1,000    89,050 
Natural Grocers by Vitamin Cottage, Inc.   4,000    78,400 
Ollie's Bargain Outlet Holdings, Inc. (a)   500    21,480 
Rite Aid Corporation (a)   3,000    26,250 
Sprouts Farmers Market, Inc. (a)   5,000    159,900 

 

 

 

 

HUSSMAN STRATEGIC ALLOCATION FUND

SCHEDULE OF INVESTMENTS (continued)  

 

COMMON STOCKS - 76.2% (continued)  Shares   Value 
Consumer Staples - 9.3% (continued)    
Retail - Consumer Staples - 3.6% (continued)    
United Natural Foods, Inc. (a)   5,000   $206,750 
Walgreens Boots Alliance, Inc.   2,400    107,448 
         793,078 
Wholesale - Consumer Staples - 0.1%          
Archer-Daniels-Midland Company   300    27,078 
           
Energy - 3.7%          
Oil & Gas Producers - 2.7%          
Antero Resources Corporation (a)   1,500    45,795 
California Resources Corporation   1,000    44,730 
Callon Petroleum Company (a)   1,000    59,080 
Continental Resources, Inc.   1,200    73,596 
Laredo Petroleum, Inc. (a)   1,200    94,968 
Ovintiv, Inc.   2,000    108,140 
Range Resources Corporation (a)   3,000    91,140 
SM Energy Company   1,600    62,320 
         579,769 
Oil & Gas Services & Equipment - 0.4%          
Nabors Industries Ltd. (a)   600    91,632 
           
Renewable Energy - 0.6%          
Canadian Solar, Inc. (a)   1,500    53,040 
First Solar, Inc. (a)   50    4,187 
JinkoSolar Holding Company Ltd. - ADR (a)   600    28,974 
SunPower Corporation (a)   1,000    21,480 
Sunworks, Inc. (a)   4,000    10,080 
TPI Composites, Inc. (a)   1,000    14,060 
         131,821 
Financials - 7.6%          
Asset Management - 1.0%          
BrightSphere Investment Group, Inc.   2,000    48,500 
Federated Hermes, Inc.   1,400    47,684 
Invesco Ltd.   5,000    115,300 
         211,484 
Banking - 1.7%          
Associated Banc-Corp   1,000    22,760 
Citizens Financial Group, Inc.   500    22,665 
Fifth Third Bancorp   400    17,216 
Hilltop Holdings, Inc.   3,000    88,200 

 

 

 

 

HUSSMAN STRATEGIC ALLOCATION FUND

SCHEDULE OF INVESTMENTS (continued)  

 

COMMON STOCKS - 76.2% (continued)  Shares   Value 
Financials - 7.6% (continued)    
Banking - 1.7% (continued)    
Hope Bancorp, Inc.   2,000   $32,160 
Investors Bancorp, Inc.   2,000    29,860 
Kearny Financial Corporation   3,000    38,640 
New York Community Bancorp, Inc.   4,000    42,880 
Old National Bancorp   2,267    37,133 
People's United Financial, Inc.   1,000    19,990 
Provident Financial Services, Inc.   1,000    23,400 
         374,904 
Institutional Financial Services - 1.3%          
Cboe Global Markets, Inc.   1,200    137,304 
Evercore, Inc. - Class A   1,000    111,320 
StoneX Group, Inc. (a)   600    44,538 
         293,162 
Insurance - 3.0%          
Aflac, Inc.   1,100    70,829 
Allstate Corporation (The)   1,200    166,212 
Lincoln National Corporation   1,000    65,360 
NMI Holdings, Inc. - Class A (a)   1,000    20,620 
Old Republic International Corporation   5,000    129,350 
Progressive Corporation (The)   600    68,394 
Unum Group   4,000    126,040 
         646,805 
Specialty Finance - 0.6%          
Alliance Data Systems Corporation   1,000    56,150 
Ally Financial, Inc.   400    17,392 
Navient Corporation   3,000    51,120 
         124,662 
Health Care - 10.1%          
Biotech & Pharma - 6.5%          
AbbVie, Inc.   200    32,422 
Alkermes plc (a)   500    13,155 
Amgen, Inc.   300    72,546 
Amneal Pharmaceuticals, Inc. (a)   5,000    20,850 
Biogen, Inc. (a)   700    147,420 
Catalyst Pharmaceuticals, Inc. (a)   3,000    24,870 
ChromaDex Corporation (a)   2,000    4,920 
Coherus Biosciences, Inc. (a)   600    7,746 
Corcept Therapeutics, Inc. (a)   2,000    45,040 
CRISPR Therapeutics AG (a)   400    25,108 

 

 

 

 

HUSSMAN STRATEGIC ALLOCATION FUND

SCHEDULE OF INVESTMENTS (continued)  

 

COMMON STOCKS - 76.2% (continued)  Shares   Value 
Health Care - 10.1% (continued)    
Biotech & Pharma - 6.5% (continued)    
Editas Medicine, Inc. (a)   400   $7,608 
Exelixis, Inc. (a)   1,000    22,670 
Gilead Sciences, Inc.   1,200    71,340 
Innoviva, Inc. (a)   6,200    119,970 
Ironwood Pharmaceuticals, Inc. (a)   2,000    25,160 
Jazz Pharmaceuticals plc (a)   200    31,134 
Johnson & Johnson   100    17,723 
Neurocrine Biosciences, Inc. (a)   1,200    112,500 
Organogenesis Holdings, Inc. (a)   1,000    7,620 
Pfizer, Inc.   2,600    134,602 
Prothena Corporation plc (a)   600    21,942 
Regeneron Pharmaceuticals, Inc. (a)   240    167,621 
Rigel Pharmaceuticals, Inc. (a)   6,000    17,940 
Sage Therapeutics, Inc. (a)   1,000    33,100 
Supernus Pharmaceuticals, Inc. (a)   4,000    129,280 
Vanda Pharmaceuticals, Inc. (a)   6,000    67,860 
Vertex Pharmaceuticals, Inc. (a)   100    26,097 
Viatris, Inc.   2,000    21,760 
         1,430,004 
Health Care Facilities & Services - 2.5%          
Brookdale Senior Living, Inc. (a)   2,000    14,100 
Cigna Corporation   200    47,922 
Community Health Systems, Inc. (a)   2,800    33,236 
CVS Health Corporation   600    60,726 
Fulgent Genetics, Inc. (a)   500    31,205 
HCA Healthcare, Inc.   300    75,186 
Laboratory Corporation of America Holdings (a)   500    131,830 
Quest Diagnostics, Inc.   1,000    136,860 
Universal Health Services, Inc. - Class B   100    14,495 
         545,560 
Medical Equipment & Devices - 1.1%          
10X Genomics, Inc. - Class A (a)   100    7,607 
Apollo Endosurgery, Inc. (a)   1,000    6,050 
Co-Diagnostics, Inc. (a)   1,000    6,180 
Exact Sciences Corporation (a)   300    20,976 
Hologic, Inc. (a)   400    30,728 

 

 

 

 

HUSSMAN STRATEGIC ALLOCATION FUND

SCHEDULE OF INVESTMENTS (continued)

 

COMMON STOCKS - 76.2% (continued)  Shares   Value 
Health Care - 10.1% (continued)    
Medical Equipment & Devices - 1.1% (continued)          
Inogen, Inc. (a)   2,400   $77,808 
Quidel Corporation (a)   200    22,492 
Vericel Corporation (a)   200    7,644 
Waters Corporation (a)   200    62,078 
         241,563 
Industrials - 4.3%          
Commercial Support Services - 0.7%          
H&R Block, Inc.   6,000    156,240 
           
Diversified Industrials - 0.2%          
3M Company   300    44,664 
           
Electrical Equipment - 1.0%          
Allegion plc   600    65,868 
Atkore, Inc. (a)   1,400    137,816 
WidePoint Corporation (a)   1,000    3,780 
         207,464 
Engineering & Construction - 0.1%          
Orbital Energy Group, Inc. (a)   3,000    5,520 
Primoris Services Corporation   1,000    23,820 
         29,340 
Industrial Intermediate Products - 0.2%          
Proto Labs, Inc. (a)   1,000    52,900 
           
Industrial Support Services - 0.1%          
WESCO International, Inc. (a)   200    26,028 
           
Machinery - 0.1%          
Energy Recovery, Inc. (a)   1,000    20,140 
           
Transportation & Logistics - 1.9%          
Atlas Air Worldwide Holdings, Inc. (a)   1,000    86,370 
C.H. Robinson Worldwide, Inc.   800    86,168 
Expeditors International of Washington, Inc.   1,400    144,424 
FedEx Corporation   200    46,278 
Landstar System, Inc.   300    45,249 
         408,489 

 

 

 

  

HUSSMAN STRATEGIC ALLOCATION FUND

SCHEDULE OF INVESTMENTS (continued)  

 

COMMON STOCKS - 76.2% (continued)  Shares   Value 
Materials - 5.4%    
Chemicals - 1.4%    
AdvanSix, Inc.   800   $40,872 
LyondellBasell Industries N.V. - Class A   600    61,692 
Mosaic Company (The)   1,000    66,500 
Valvoline, Inc.   4,000    126,240 
         295,304 
Containers & Packaging - 1.1%          
Berry Global Group, Inc. (a)   2,000    115,920 
Greif, Inc. - Class A   2,000    130,120 
         246,040 
Forestry, Paper & Wood Products - 0.3%          
Boise Cascade Company   1,000    69,470 
           
Metals & Mining - 2.6%          
Agnico Eagle Mines Ltd.   1,000    61,240 
AngloGold Ashanti Ltd. - ADR   1,600    37,904 
Barrick Gold Corporation   6,400    156,992 
Encore Wire Corporation   400    45,628 
Kinross Gold Corporation   5,000    29,400 
Newmont Corporation   2,400    190,680 
Royal Gold, Inc.   300    42,384 
         564,228 
Real Estate - 0.6%          
Real Estate Services - 0.2%          
eXp World Holdings, Inc.   600    12,702 
Jones Lang LaSalle, Inc. (a)   100    23,946 
         36,648 
REITs - 0.4%          
Farmland Partners, Inc.   2,000    27,500 
Iron Mountain, Inc.   1,000    55,410 
Macerich Company (The)   1,000    15,640 
         98,550 
Technology - 12.2%          
Semiconductors - 1.2%          
Amkor Technology, Inc.   1,000    21,720 
Applied Materials, Inc.   400    52,720 
Intel Corporation   2,000    99,120 
QUALCOMM, Inc.   600    91,692 
         265,252 

 

 

 

 

HUSSMAN STRATEGIC ALLOCATION FUND

SCHEDULE OF INVESTMENTS (continued)

   

COMMON STOCKS - 76.2% (continued)  Shares   Value 
Technology - 12.2% (continued)    
Software - 3.6%    
Akamai Technologies, Inc. (a)   800   $95,512 
Concentrix Corporation   200    33,312 
Ebix, Inc.   3,000    99,450 
IonQ, Inc (a)   2,000    25,520 
Microsoft Corporation   5    1,542 
Oracle Corporation   1,000    82,730 
salesforce.com, Inc. (a)   100    21,232 
Thryv Holdings, Inc. (a)   1,000    28,120 
Unity Software, Inc. (a)   200    19,842 
Upstart Holdings, Inc. (a)   100    10,909 
VMware, Inc. - Class A   1,600    182,192 
Xperi Holding Corporation   2,000    34,640 
Ziff Davis, Inc. (a)   1,400    135,492 
Zoom Video Communications, Inc. - Class A (a)   200    23,446 
         793,939 
Technology Hardware - 5.8%          
Apple, Inc.   40    6,984 
Aviat Networks, Inc. (a)   500    15,385 
Cambium Networks Corporation (a)   4,200    99,288 
Casa Systems, Inc. (a)   1,800    8,136 
Ciena Corporation (a)   1,400    84,882 
Cisco Systems, Inc.   1,600    89,216 
Clearfield, Inc. (a)   800    52,176 
CommScope Holding Company, Inc. (a)   2,000    15,760 
Dell Technologies, Inc. - Class C (a)   2,000    100,380 
HP, Inc.   2,000    72,600 
Identiv, Inc. (a)   200    3,234 
Jabil, Inc.   1,000    61,730 
Juniper Networks, Inc.   1,600    59,456 
NetApp, Inc.   2,000    166,000 
Pitney Bowes, Inc.   4,000    20,800 
Ribbon Communications, Inc. (a)   13,000    40,170 
Seagate Technology Holdings plc   1,000    89,900 
Sonos, Inc. (a)   600    16,932 
Super Micro Computer, Inc. (a)   800    30,456 
Turtle Beach Corporation (a)   5,000    106,450 
Ubiquiti, Inc.   400    116,464 
         1,256,399 

 

 

 

 

HUSSMAN STRATEGIC ALLOCATION FUND

SCHEDULE OF INVESTMENTS (continued) 

 

COMMON STOCKS - 76.2% (continued)  Shares   Value 
Technology - 12.2% (continued)    
Technology Services - 1.6%    
Block, Inc. - Class A (a)   400   $54,240 
Cognizant Technology Solutions Corporation - Class A   1,200    107,604 
Infosys Ltd. - ADR   3,000    74,670 
Maximus, Inc.   600    44,970 
PayPal Holdings, Inc. (a)   600    69,390 
         350,874 
Utilities - 0.3%          
Electric Utilities - 0.3%          
NRG Energy, Inc.   1,600    61,376 
           
Total Common Stocks (Cost $17,014,344)       $16,653,115 

 

EXCHANGE-TRADED FUNDS - 0.5%  Shares   Value 
iShares Gold Trust (a)   1,500   $55,245 
SPDR Gold Shares (a)   300    54,195 
Total Exchange-Traded Funds (Cost $104,738)       $109,440 

 

U.S. TREASURY OBLIGATIONS - 13.2%  Par Value   Value 
U.S. Treasury Inflation-Protected Notes - 2.6%        
 0.125%, due 01/15/2031  $539,865   $574,738 
           
U.S. Treasury Notes - 10.6%          
 0.125%, due 07/31/2022   500,000    498,906 
 1.50%, due 01/31/2027   500,000    478,516 
 0.625%, due 08/15/2030   500,000    434,668 
 0.875%, due 11/15/2030   500,000    443,125 
 1.125%, due 02/15/2031   500,000    451,699 
         2,306,914 
           
Total U.S. Treasury Obligations (Cost $3,042,107)       $2,881,652 

 

WARRANTS - 0.0% (b)  Shares   Value 
Energy - 0.0% (b)    
Oil & Gas Services & Equipment - 0.0% (b)    
Nabors Industries Ltd.,  expires 06/11/2026 (a) (Cost $0)   240   $5,520 

 

 

 

 

HUSSMAN STRATEGIC ALLOCATION FUND

SCHEDULE OF INVESTMENTS (continued)

 

EXCHANGE-TRADED PUT OPTION
CONTRACTS - 0.4%
  Contracts   Notional Amount   Value 
Russell 2000 Index Option, 06/17/2022 at $1,600   33   $6,831,413   $35,244 
S&P 500 Index Option, 06/17/2022 at $3,600   14    6,342,574    27,440 
S&P 500 Index Option, 06/17/2022 at $4,000   5    2,265,205    23,850 
Total Put Option Contracts (Cost $243,496)       $15,439,192   $86,534 
                
Total Investments at Value - 90.3% (Cost $20,404,685)            $19,736,261 

 

MONEY MARKET FUNDS - 24.4%  Shares   Value 
Invesco Short-Term Investments Trust - Treasury Portfolio - Institutional Class, 0.17% (c) (Cost $5,339,659)   5,339,659   $5,339,659 
           
Total Investments and Money Market Funds at Value - 114.7% (Cost $25,744,344)       $25,075,920 
           
Written Call Option Contracts - (14.5%)        (3,174,366)
           
Liabilities in Excess of Other Assets - (0.2%)        (36,045)
           
Net Assets - 100.0%       $21,865,509 

 

ADR - American Depositary Receipt.

 

(a)Non-income producing security.
(b)Percentage rounds to less than 0.1%.
(c)The rate shown is the 7-day effective yield as of March 31, 2022.

 

The average monthly notional value of exchange-traded put option contracts during the nine months ended March 31, 2022 was $13,305,194.

 

 

 

 

HUSSMAN STRATEGIC ALLOCATION FUND

SCHEDULE OF OPEN WRITTEN OPTION CONTRACTS

March 31, 2022 (Unaudited)    

 

EXCHANGE-TRADED
WRITTEN CALL
OPTION CONTRACTS
  Contracts   Notional Amount   Strike Price   Expiration Date  Value of Options 
Call Option Contracts
Russell 2000 Index Option   33   $6,831,413   $1,600   06/17/2022  $1,568,886 
S&P 500 Index Option   14    6,342,574    3,600   06/17/2022   1,319,780 
S&P 500 Index Option   5    2,265,205    4,000   06/17/2022   285,700 
Total Written Call Option Contracts (Premiums received $2,842,616)       $15,439,192           $3,174,366 

 

The average monthly notional value of exchange-traded written call option contracts during the nine months ended March 31, 2022 was $13,305,194.

 

 

 

 

HUSSMAN STRATEGIC TOTAL RETURN FUND

SCHEDULE OF INVESTMENTS

March 31, 2022 (Unaudited)  

 

COMMON STOCKS - 22.1%  Shares   Value 
Energy - 6.7%    
Oil & Gas Producers - 4.7%    
Callon Petroleum Company (a)   25,000   $1,477,000 
Cheniere Energy Partners, L.P.   20,000    1,127,200 
Continental Resources, Inc.   25,000    1,533,250 
DT Midstream, Inc.   500    27,130 
Laredo Petroleum, Inc. (a)   30,000    2,374,200 
NuStar Energy, L.P.   31,000    447,020 
ONEOK, Inc.   985    69,571 
PBF Energy, Inc. - Class A (a)   35,000    852,950 
Range Resources Corporation (a)   75,000    2,278,500 
SM Energy Company   40,000    1,558,000 
Valero Energy Corporation   10,000    1,015,400 
Williams Companies, Inc. (The)   1,293    43,199 
         12,803,420 
Oil & Gas Services & Equipment - 2.0%          
Halliburton Company   35,000    1,325,450 
Helmerich & Payne, Inc.   25,000    1,069,500 
Nabors Industries Ltd. (a)   20,000    3,054,400 
         5,449,350 
Materials - 12.9%          
Construction Materials - 0.3%          
MDU Resources Group, Inc.   35,000    932,750 
           
Metals & Mining - 12.6%          
Agnico Eagle Mines Ltd.   50,000    3,062,000 
Alamos Gold, Inc. - Class A   75,000    631,500 
AngloGold Ashanti Ltd. - ADR   80,000    1,895,200 
B2Gold Corporation   150,000    688,500 
Barrick Gold Corporation   320,000    7,849,600 
Coeur Mining, Inc. (a)   100,000    445,000 
Compania de Minas Buenaventura S.A.A. - ADR (a)   50,000    503,500 
Kinross Gold Corporation   250,000    1,470,000 
Newmont Corporation   120,000    9,534,000 
Novagold Resources, Inc. (a)   50,000    386,500 
Pan American Silver Corporation   40,000    1,092,000 
Royal Gold, Inc.   15,000    2,119,200 
Wheaton Precious Metals Corporation   80,000    3,806,400 

 

 

 

 

HUSSMAN STRATEGIC TOTAL RETURN FUND

SCHEDULE OF INVESTMENTS (continued)  

 

COMMON STOCKS - 22.1% (continued)  Shares   Value 
Materials - 12.9% (continued)    
Metals & Mining - 12.6% (continued)    
Yamana Gold, Inc.   125,000   $697,500 
         34,180,900 
Real Estate - 0.9%          
REITs - 0.9%          
Farmland Partners, Inc.   50,000    687,500 
Iron Mountain, Inc.   20,000    1,108,200 
Macerich Company (The)   20,000    312,800 
Tanger Factory Outlet Centers, Inc.   20,000    343,800 
         2,452,300 
Utilities - 1.6%          
Electric & Gas Marketing & Trading - 0.0% (b)          
Via Renewables, Inc.   20,000    164,800 
           
Electric Utilities - 1.2%          
AES Corporation (The)   1,000    25,730 
ALLETE, Inc.   1,000    66,980 
Ameren Corporation   100    9,376 
American Electric Power Company, Inc.   100    9,977 
Avangrid, Inc.   1,000    46,740 
Avista Corporation   10,000    451,500 
Black Hills Corporation   500    38,510 
Consolidated Edison, Inc.   1,000    94,680 
Constellation Energy Corporation   3,333    187,481 
Dominion Energy, Inc.   500    42,485 
DTE Energy Company   100    13,221 
Duke Energy Corporation   500    55,830 
Edison International   500    35,050 
Entergy Corporation   500    58,375 
Exelon Corporation   1,000    47,630 
FirstEnergy Corporation   1,000    45,860 
Hawaiian Electric Industries, Inc.   1,000    42,310 
NorthWestern Corporation   1,000    60,490 
NRG Energy, Inc.   40,000    1,534,400 
Otter Tail Corporation   1,000    62,500 
Pinnacle West Capital Corporation   1,000    78,100 
Portland General Electric Company   1,000    55,150 
PPL Corporation   1,000    28,560 
Public Service Enterprise Group, Inc.   500    35,000 

 

 

 

 

HUSSMAN STRATEGIC TOTAL RETURN FUND

SCHEDULE OF INVESTMENTS (continued)  

 

COMMON STOCKS - 22.1% (continued)  Shares   Value 
Utilities - 1.6% (continued)    
Electric Utilities - 1.2% (continued)    
Southern Company (The)   500   $36,255 
         3,162,190 
Gas & Water Utilities - 0.4%          
Global Water Resources, Inc.   1,000    16,640 
UGI Corporation   30,000    1,086,600 
         1,103,240 
           
Total Common Stocks (Cost $48,673,790)       $60,248,950 

 

EXCHANGE-TRADED FUNDS - 4.6%  Shares   Value 
Invesco CurrencyShares British Pound Sterling Trust (a)   20,000   $2,526,000 
Invesco CurrencyShares Euro Currency Trust (a)   20,000    2,051,776 
Invesco CurrencyShares Japanese Yen Trust (a)   1,000    76,940 
Invesco CurrencyShares Swiss Franc Trust (a)   5,000    486,120 
iShares Gold Trust (a)   100,000    3,683,000 
SPDR Gold Shares (a)   20,000    3,613,000 
Total Exchange-Traded Funds (Cost $11,650,182)       $12,436,836 

 

U.S. TREASURY OBLIGATIONS - 65.7%  Par Value   Value 
U.S. Treasury Inflation-Protected Notes - 14.4%        
 2.50%, due 01/15/2029  $13,091,400   $15,992,687 
 0.125%, due 01/15/2030   10,924,600    11,566,173 
 0.125%, due 01/15/2031   10,797,300    11,504,859 
         39,063,719 

 

 

 

 

HUSSMAN STRATEGIC TOTAL RETURN FUND

SCHEDULE OF INVESTMENTS (continued)  

 

U.S. TREASURY OBLIGATIONS - 65.7% (continued)  Par Value   Value 
U.S. Treasury Notes - 51.3%          
 1.50%, due 08/15/2022  $25,000,000   $25,061,017 
 2.00%, due 05/31/2024   25,000,000    24,809,570 
 1.375%, due 01/31/2025   15,000,000    14,555,274 
 2.125%, due 05/31/2026   10,000,000    9,858,203 
 1.50%, due 08/15/2026   25,000,000    23,996,094 
 1.50%, due 01/31/2027   5,000,000    4,785,156 
 2.25%, due 11/15/2027   10,000,000    9,898,438 
 0.625%, due 08/15/2030   10,000,000    8,696,289 
 0.875%, due 11/15/2030   10,000,000    8,865,234 
 1.125%, due 02/15/2031   10,000,000    9,036,523 
         139,561,798 
           
Total U.S. Treasury Obligations (Cost $179,294,227)       $178,625,517 

 

WARRANTS - 0.1%  Shares   Value 
Energy - 0.1%    
Oil & Gas Services & Equipment - 0.1%    
Nabors Industries Ltd.,  expires 06/11/2026 (a) (Cost $0)   8,000   $184,000 
           
Total Investments at Value - 92.5% (Cost $239,618,199)       $251,495,303 

 

MONEY MARKET FUNDS - 7.3%  Shares   Value 
Invesco Short-Term Investments Trust - Treasury Portfolio - Institutional Class, 0.17% (c) (Cost $19,821,858)   19,821,858   $19,821,858 
           
Total Investments and Money Market Funds at Value -
99.8% (Cost $259,440,057)
       $271,317,161 
           
Other Assets in Excess of Liabilities - 0.2%        494,139 
           
Net Assets - 100.0%       $271,811,300 

 

ADR - American Depositary Receipt.

 

(a)Non-income producing security.
(b)Percentage rounds to less than 0.1%.
(c)The rate shown is the 7-day effective yield as of March 31, 2022.

 

 

 

 

HUSSMAN STRATEGIC INTERNATIONAL FUND

SCHEDULE OF INVESTMENTS

March 31, 2022 (Unaudited)  

 

COMMON STOCKS - 87.3%  Shares   Value 
Australia - 5.9%    
Accent Group Ltd.   52,000   $66,023 
Computershare Ltd.   8,000    147,040 
Harvey Norman Holdings Ltd.   24,000    95,645 
IPH Ltd.   10,000    59,223 
JB Hi-Fi Ltd.   1,800    72,760 
Sandfire Resources Ltd.   10,000    42,454 
SG Fleet Group Ltd.   32,000    56,921 
SmartGroup Corporation Ltd.   10,000    63,753 
Strabag SE   2,500    100,260 
Super Retail Group Ltd.   15,000    115,233 
Virtus Health Ltd.   12,000    72,289 
         891,601 
Austria - 1.0%          
Semperit AG Holding   1,500    37,816 
Telekom Austria AG   14,000    108,230 
         146,046 
Belgium - 3.7%          
Bekaert S.A.   1,000    39,131 
bpost S.A. (a)   10,000    66,115 
Colruyt S.A.   2,000    82,794 
Econocom Group S.A./N.V.   28,000    124,047 
Ontex Group N.V. (a)   5,000    36,495 
Proximus S.A.   3,000    55,867 
Telenet Group Holding N.V.   2,600    83,775 
Van de Velde N.V.   1,500    63,933 
         552,157 
Bermuda - 0.2%          
BW LPG Ltd.   5,000    34,117 
           
Canada - 11.0%          
B2Gold Corporation   10,000    45,912 
BRP, Inc.   500    40,937 
Canada Goose Holdings, Inc. (a)   1,800    47,296 
Canadian Western Bank   4,000    116,269 
CI Financial Corporation   7,100    112,786 
Cogeco Communications, Inc.   800    66,216 
Dollarama, Inc.   2,500    141,776 
Eldorado Gold Corporation (a)   4,000    44,793 
Great-West Lifeco, Inc.   4,300    126,708 
iA Financial Corporation, Inc.   2,000    121,596 

 

 

 

 

HUSSMAN STRATEGIC INTERNATIONAL FUND

SCHEDULE OF INVESTMENTS (continued)

 

COMMON STOCKS - 87.3% (continued)  Shares   Value 
Canada - 11.0% (continued)    
IGM Financial, Inc.   3,500   $123,655 
Kinross Gold Corporation   4,000    23,484 
Manulife Financial Corporation   5,500    117,284 
North West Company, Inc. (The)   2,500    76,587 
Power Corporation of Canada   3,000    92,864 
Spin Master Corporation (a)   3,000    103,303 
Sun Life Financial, Inc.   1,500    83,746 
Tourmaline Oil Corporation   3,000    138,217 
Transcontinental, Inc. - Class A   3,000    41,921 
         1,665,350 
Denmark - 0.8%          
Demant A/S (a)   2,800    126,737 
           
France - 8.2%          
ALD S.A.   6,500    86,420 
Carrefour S.A.   4,000    87,054 
Electricite de France S.A.   7,000    65,707 
Eutelsat Communications S.A.   8,000    86,908 
IPSOS   2,300    114,495 
Manitou BF S.A.   2,000    55,845 
Mercialys S.A.   10,600    105,053 
Metropole Television S.A.   6,500    128,207 
Orange S.A.   4,800    56,842 
Publicis Groupe S.A.   1,500    91,046 
Sanofi   1,000    102,246 
Television Francaise 1 S.A.   10,000    96,979 
Vilmorin & Cie S.A.   1,800    88,019 
Vivendi S.A.   5,000    65,327 
         1,230,148 
Germany - 5.4%          
Bayerische Motoren Werke AG   1,400    120,992 
Daimler Truck Holding AG (a)   3,300    91,531 
E.ON SE (a)   6,000    69,713 
Fresenius Medical Care AG & Company KGaA   2,000    134,030 
Fresenius SE & Company KGaA   3,000    110,156 

 

 

 

 

HUSSMAN STRATEGIC INTERNATIONAL FUND

SCHEDULE OF INVESTMENTS (continued)

 

COMMON STOCKS - 87.3% (continued)  Shares   Value 
Germany - 5.4% (continued)        
Hornbach Holding AG & Company KGaA   500   $63,031 
Mercedes-Benz Group AG   1,200    84,232 
ProSiebenSat.1 Media SE   7,500    95,539 
Volkswagon AG   200    49,407 
         818,631 
Israel - 0.6%          
Plus500 Ltd.   5,000    92,256 
           
Italy - 2.1%          
A2A SpA   67,000    114,763 
ACEA SpA   750    13,772 
Azimut Holdings SpA   3,000    69,555 
Hera Spa (a)   18,000    66,631 
Moncler SpA   1,000    55,485 
         320,206 
Japan - 22.9%          
Asahi Company Ltd.   7,000    76,054 
Belluna Company Ltd.   11,500    68,068 
BeNext-Yumeshin Group Company   3,000    40,766 
Canon, Inc.   4,700    114,572 
Change, Inc.   1,600    25,714 
Daito Trust Construction Company Ltd.   500    53,079 
Daiwabo Holdings Company Ltd.   6,000    80,423 
Enigmo, Inc.   10,500    55,449 
Erex Company Ltd.   3,000    42,360 
Feed One Company Ltd.   3,000    16,448 
Hokkaido Electric Power Co., Inc.   20,000    79,238 
Hokuetsu Corporation   10,000    56,747 
Honda Motor Company Ltd.   4,000    113,397 
IBJ, Inc.   9,000    58,577 
JAFCO Group Company Ltd.   4,800    73,173 
Japan Post Insurance Company Ltd.   2,800    48,769 
Kaga Electronics Company Ltd.   4,000    105,741 
KDDI Corporation   2,500    81,977 
Kintetsu World Express, Inc.   2,400    61,416 
Kohnan Shoji Company Ltd.   4,100    117,208 
Komeri Company Ltd.   4,500    96,761 
Konica Minolta, Inc.   20,000    83,965 
KYB Corporation   1,800    43,593 
Mitsui-Soko Holdings Company Ltd.   2,000    40,912 

 

 

 

 

HUSSMAN STRATEGIC INTERNATIONAL FUND

SCHEDULE OF INVESTMENTS (continued)

 

COMMON STOCKS - 87.3% (continued)  Shares   Value 
Japan - 22.9% (continued)        
Mizuho Leasing Company Ltd.   1,800   $43,743 
Nintendo Company Ltd.   250    126,206 
Nissha Company Ltd.   4,500    53,035 
Nisso Corporation   6,000    36,832 
Organo Corporation   1,000    82,425 
Panasonic Corporation   9,000    87,420 
Pharma Foods International Company Ltd.   2,000    32,113 
Pressance Corporation   6,000    89,379 
RAIZNEXT Corporation   5,000    43,830 
Rakuten Group, Inc.   5,000    39,318 
Rengo Company Ltd.   6,500    41,525 
RS Technologies Company Ltd.   500    25,938 
Shimamura Company Ltd.   700    62,223 
Sugi Holdings Company Ltd.   1,000    49,503 
Sumitomo Chemical Company Ltd.   13,500    61,822 
Sumitomo Rubber Industries Ltd.   4,000    36,655 
Sundrug Company Ltd.   4,000    97,434 
T&D Holdings, Inc.   4,000    54,319 
Taiko Pharmaceutical Company Ltd. (a)   3,100    15,109 
Takasago International Corporation   4,000    89,738 
Takeda Pharmaceutical Company Ltd.   2,500    71,239 
TerraSky Company Ltd. (a)   1,800    22,878 
Tomoku Company Ltd.   3,000    38,985 
Towa Pharmaceutical Company Ltd.   4,000    89,874 
Toyo Construction Company Ltd. (a)   10,000    63,356 
Toyota Motor Corporation   2,000    36,080 
Transcosmos, Inc.   2,000    51,945 
Wacom Company Ltd.   20,000    153,341 
World Holdings Company Ltd.   2,500    48,017 
Z Holdings Corporation   16,000    69,178 
         3,447,867 
Luxembourg - 1.8%          
Aperam SA   1,500    66,728 
RTL Group S.A.   2,450    135,845 
Solutions 30 SE (a)   8,000    65,285 
         267,858 
Netherlands - 1.8%          
ASR Nederland N.V.   1,300    60,695 
Koninklijke Ahold Delhaize N.V.   1,500    48,251 
NN Group N.V.   2,000    101,364 

 

 

 

 

HUSSMAN STRATEGIC INTERNATIONAL FUND

SCHEDULE OF INVESTMENTS (continued)

 

COMMON STOCKS - 87.3% (continued)  Shares   Value 
Netherlands - 1.8% (continued)        
PostNL N.V.   15,000   $57,171 
         267,481 
New Zealand - 0.2%          
KMD Brands Ltd.   40,000    37,577 
           
Norway - 0.7%          
Europris ASA   16,000    102,704 
           
Portugal - 0.8%          
NOS SGPS SA (a)   10,000    42,138 
Semapa-Sociedade de Investimento e Gestao   6,000    80,053 
         122,191 
Spain - 5.0%          
Atresmedia Corporacion de Medios de Comunicacion S.A.   23,000    97,148 
Compania de Distribucion Integral Holdings S.A.   2,500    45,729 
Enagas S.A.   1,000    22,208 
Indra Sistemas S.A. (a)   9,000    99,726 
Mapfre S.A.   27,000    56,477 
Mediaset Espana Comunicacion S.A. (a)   24,000    121,394 
Neinor Homes S.A. (a)   8,000    105,457 
Pharma Mar S.A.   1,000    75,455 
Prosegur Cia de Seguridad S.A. (a)   25,000    54,196 
Telefonica S.A.   15,000    72,698 
         750,488 
Sweden - 3.1%          
Clas Ohlson AB - B Shares   10,000    113,610 
Hennes & Mauritz AB - B Shares   6,000    80,547 
Hexpol AB   5,000    48,793 
Karo Pharma AB (a)   10,000    57,191 
Lundin Energy AB   1,500    62,947 
Mekonomen AB (a)   9,500    111,835 
         474,923 
Switzerland - 2.2%          
DKSH Holding AG   1,200    101,067 
Logitech International S.A.   500    37,166 
Roche Holdings AG   150    59,349 
Swisscom AG   125    75,101 

 

 

 

 

HUSSMAN STRATEGIC INTERNATIONAL FUND

SCHEDULE OF INVESTMENTS (continued)  

 

COMMON STOCKS - 87.3% (continued)  Shares   Value 
Switzerland - 2.2% (continued)        
UBS Group AG   3,000   $58,624 
         331,307 
United Kingdom - 9.9%          
Airtel Africa plc   30,000    54,766 
Aviva plc   19,000    112,418 
B & M European Value Retail S.A.   13,500    94,447 
BAE Systems plc   10,500    98,607 
BT Group plc   30,000    71,527 
Centamin plc   30,000    35,775 
Domino's Pizza Group plc   20,000    99,467 
FDM Group Holdings plc   1,500    20,706 
GlaxoSmithKline plc   7,000    151,454 
Halfords Group plc   25,000    80,787 
Hikma Pharmaceuticals plc   2,000    53,954 
IG Group Holdings plc   11,000    118,145 
Jupiter Fund Management plc   8,000    21,711 
Just Group plc (a)   25,000    28,717 
Luceco plc   15,000    40,183 
Rio Tinto plc   700    55,961 
Royal Mail plc   16,000    68,744 
Softcat plc   5,000    111,920 
SThree plc   5,000    27,024 
Watches of Switzerland Group plc (a)   5,000    74,301 
Watkins Jones plc   20,000    67,257 
         1,487,871 
           
Total Common Stocks (Cost $13,338,540)       $13,167,516 

 

PREFERRED STOCKS - 0.6%  Shares   Value 
Germany - 0.6%    
Draegerwerk AG & Company KGaA  (Cost $126,813)   1,600   $88,541 

 

PUT OPTION CONTRACTS - 0.7%  Contracts   Notional Amount   Value 
S&P 500 Index Option, 04/14/2022 at $4,600 (Cost $53,499)   11   $4,983,451   $95,810 
                
Total Investments at Value - 88.6% (Cost $13,518,852)            $13,351,867 

 

 

 

 

HUSSMAN STRATEGIC INTERNATIONAL FUND

SCHEDULE OF INVESTMENTS (continued)  

 

MONEY MARKET FUNDS - 9.2%  Shares   Value 
Invesco Short-Term Investments Trust - Treasury Portfolio - Institutional Class, 0.17% (b) (Cost $1,392,034)   1,392,034   $1,392,034 
           
Total Investments and Money Market Funds at Value - 97.8% (Cost $14,910,886)       $14,743,901 
           
Other Assets in Excess of Liabilities - 2.2%        336,907 
           
Net Assets - 100.0%       $15,080,808 

 

(a)Non-income producing security.
(b)The rate shown is the 7-day effective yield as of March 31, 2022.

 

The average monthly notional value of exchange-traded put option contracts during the nine months ended March 31, 2022 was $4,253,744.

 

 

 

 

HUSSMAN STRATEGIC INTERNATIONAL FUND

SCHEDULE OF INVESTMENTS (continued)

March 31, 2022 (Unaudited)

 

Common and Preferred Stocks by Sector/Industry  % of Net Assets 
Communications - 13.5%    
Advertising & Marketing   2.0%
Cable & Satellite   1.0%
Communication Services   0.3%
Entertainment Content   0.4%
Internet Media & Services   0.9%
Publishing & Broadcasting   4.5%
Telecommunications   4.4%
Consumer Discretionary - 16.8%     
Apparel & Textile Products   1.0%
Automotive   3.7%
Home Construction   0.6%
Leisure Facilities & Services   1.2%
Leisure Products   1.0%
Retail - Discretionary   6.8%
Wholesale - Discretionary   2.5%
Consumer Staples - 6.7%     
Food   0.1%
Household Products   0.3%
Retail - Consumer Staples   6.3%
Energy - 1.3%     
Oil & Gas Producers   1.3%
Financials - 13.5%     
Asset Management   3.3%
Banking   0.8%
Institutional Financial Services   1.7%
Insurance   5.9%
Specialty Finance   1.8%
Health Care - 7.9%     
Biotech & Pharma   4.7%
Health Care Equipment & Supplies   0.8%
Health Care Facilities & Services   2.1%
Medical Equipment & Devices   0.3%

 

 

 

 

HUSSMAN STRATEGIC INTERNATIONAL FUND

SCHEDULE OF INVESTMENTS (continued)

 

Common and Preferred Stocks by Sector/Industry  % of Net Assets 
Industrials - 9.5%    
Aerospace & Defense   0.6%
Air Freight & Logistics   0.4%
Commercial Support Services   2.6%
Electrical Equipment   0.3%
Engineering & Construction   1.4%
Industrial Intermediate Products   0.6%
Machinery   0.9%
Transportation & Logistics   2.1%
Transportation Equipment   0.6%
Materials - 5.1%     
Chemicals   1.6%
Containers & Packaging   0.5%
Forestry, Paper & Wood Products   0.9%
Metals & Mining   1.7%
Steel   0.4%
Real Estate - 2.2%     
Real Estate Owners & Developers   1.1%
Real Estate Services   0.4%
REITs   0.7%
Technology - 7.7%     
Software   0.5%
Technology Hardware   5.1%
Technology Services   2.1%
Utilities - 3.1%     
Electric Utilities   2.0%
Gas & Water Utilities   0.1%
Utilities   1.0%
    87.9%

 

 

 

 

HUSSMAN STRATEGIC INTERNATIONAL FUND

SCHEDULE OF FUTURES CONTRACTS SOLD SHORT

March 31, 2022 (Unaudited)  

 

FUTURES CONTRACTS SOLD SHORT  Contracts   Expiration Date  Notional Amount   Value/Unrealized Depreciation * 
Mini MSCI EAFE Index Future   75   06/17/2022  $8,041,500   $(483,935)

 

*Includes cumulative appreciation (depreciation) of futures contracts from the date that contracts were opened through March 31, 2022.

 

The average monthly notional value of futures contracts sold short during the nine months ended March 31, 2022 was $8,497,671.

 

 



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