# Hussman Strategic Advisors Inc

> Hussman Strategic Advisors Inc is an SEC-registered investment advisory firm in Ellicott City, MD, registered since 2000, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated January 22, 2026.

- CRD: 109400
- Filed as: HUSSMAN STRATEGIC ADVISORS INC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Ellicott City, MD
- Filing period: October 2026
- Form ADV filing dated: January 22, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/109400
- AdvisorCensus page: https://advisorcensus.com/firm/hussman-strategic-advisors-inc-ellicott-city-md-109400

## Quick answers

**How is Hussman Strategic Advisors Inc compensated?**
On its Form ADV (Item 5.E, October 2026), Hussman Strategic Advisors Inc reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Hussman Strategic Advisors Inc located?**
Hussman Strategic Advisors Inc's principal office is in Ellicott City, MD, according to its Form ADV.

**Is Hussman Strategic Advisors Inc registered with the SEC or a state?**
Hussman Strategic Advisors Inc is an SEC-registered investment advisory firm, registered since 2000. Status as filed: Approved. CRD 109400.

**How much does Hussman Strategic Advisors Inc manage?**
Hussman Strategic Advisors Inc reports $617,390,096 in regulatory assets under management in its Form ADV filing dated January 22, 2026 (100% discretionary).

**How have Hussman Strategic Advisors Inc's assets and staff changed since 2021?**
In the Form ADV data for Hussman Strategic Advisors Inc: Regulatory assets under management: $662,657,944 in the October 2021 data and $617,390,096 in the October 2026 data, down 7%. Total employees: 6 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Hussman Strategic Advisors Inc serve?**
By number of clients on Form ADV Item 5.D: investment companies (3).

**Does Hussman Strategic Advisors Inc report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/109400

**What changed in Hussman Strategic Advisors Inc's recent Form ADV filings?**
In the February 2026 filing data: Regulatory assets under management went from $497,253,060 to $617,390,096 (+24%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Regulatory assets under management (Item 5.F)
- Total: $617,390,096
- Discretionary: $617,390,096
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | Not reported |
| High net worth individuals | 0 | Not reported |
| Banking or thrift institutions | 0 | Not reported |
| Investment companies | 3 | $617,390,096 |
| Business development companies | 0 | Not reported |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | Not reported |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | Not reported |
| Charitable organizations | 0 | Not reported |
| State or municipal government entities (including government pension plans) | 0 | Not reported |
| Other investment advisers | 0 | Not reported |
| Insurance companies | 0 | Not reported |
| Sovereign wealth funds and foreign official institutions | 0 | Not reported |
| Corporations or other businesses not listed above | 0 | Not reported |
| Other | 0 | Not reported |

### Advisory services (Item 5.G)
- Portfolio management for investment companies (and business development companies)

### Firm details
- Registered since: 2000 (26 years)
- Employees: 5 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: MD
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [hussman.com](https://hussman.com)
- [hussmanfunds.com](https://hussmanfunds.com)
- X @HUSSMANFUNDS

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $662,657,944 | 6 | January 12, 2021 |
| October 2022 | $766,563,796 | 6 | May 5, 2022 |
| October 2023 | $807,819,306 | 6 | February 3, 2023 |
| October 2024 | $606,927,111 | 6 | January 22, 2024 |
| October 2025 | $497,253,060 | 6 | January 27, 2025 |
| October 2026 | $617,390,096 | 5 | January 22, 2026 |

Regulatory assets under management: $662,657,944 in the October 2021 data and $617,390,096 in the October 2026 data, down 7%.
Total employees: 6 in October 2021 and 5 in October 2026.

## Changes in the filing (last 12 months)

### February 2026
- Regulatory assets under management went from $497,253,060 to $617,390,096 (+24%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Hussman Strategic Advisors Inc (CRD 109400): Form ADV filing data as of October 2026.