UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    Form 13F

                               Form 13F COVER PAGE

Report for the Calendar Year or Quarter Ended: March 31, 2013

Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one):  [  ] is a restatement.
                                  [  ] adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:      Hussman Strategic Advisors, Inc.
Address:   5136 Dorsey Hall Drive
           Ellicott City, Maryland 21042

Form 13F File Number: 28-10233

The institutional  investment  manager filing this report and the person by whom
it is signed hereby  represent  that the person signing the report is authorized
to  submit  it,  that all  information  contained  herein is true,  correct  and
complete,  and  that it is  understood  that  all  required  items,  statements,
schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:

Name:  John P. Hussman
Title: President
Phone: (410) 715-1145

Signature, Place, and Date of Signing:

/s/ John P. Hussman       Ellicott City, Maryland           5/15/2013
-------------------       -----------------------           ----------
    [Signature]                [City, State]                [Date]

Report Type        (Check only one):

[X]  13F HOLDINGS REPORT. (Check  here if all holdings of this reporting manager
     are reported in this report.)

[ ]  13F NOTICE. (Check here if no holdings reported are in this report, and all
     holdings are reported by other reporting manager(s).)

[ ]  13F COMBINATION REPORT. (Check here  if a portion  of the holdings for this
     reporting manager are reported in this report and a portion are reported by
     other reporting manager(s).)





                              Form 13F SUMMARY PAGE

Report Summary:

Number of Other Included Managers:                   0


Form 13F Information Table Entry Total:            228


Form 13F Information Table Value Total:    $ 2,723,294
                                            (thousands)


List of Other Included Managers:


                              NONE



                           FORM 13F INFORMATION TABLE



           COLUMN 1                  COLUMN 2     COLUMN 3    COLUMN 4        COLUMN 5        COLUMN 6  COLUMN 7       COLUMN 8
------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                   VOTING AUTHORITY
                                     TITLE OF                  VALUE      SHRS OR   SH/ PUT/ INVESTMENT  OTHER   -------------------
        NAME OF ISSUER                CLASS        CUSIP     (x$1000)     PRN AMT   PRN CALL DISCRETION MANAGERS   SOLE  SHARED NONE
------------------------------------------------------------------------------------------------------------------------------------
                                                                                                     
AMDOCS LTD                             ORD       G02602103      5438      150000    SH          SOLE             150000
CONSOLIDATED WATER CO INC              ORD       G23773107       158       16000    SH          SOLE              16000
EATON CORP PLC                         SHS       G29183103        31         500    SH          SOLE                500
ENSCO PLC                          SHS CLASS A   G3157S106       330        5500    SH          SOLE               5500
SEAGATE TECHNOLOGY PLC                 SHS       G7945M107     27420      750000    SH          SOLE             750000
GARMIN LTD                             SHS       H2906T109       142        4300    SH          SOLE               4300
LOGITECH INTL S A                      SHS       H50430232       425       61000    SH          SOLE              61000
CLICKSOFTWARE TECHNOLOGIES L           ORD       M25082104        80       10000    SH          SOLE              10000
COPA HOLDINGS SA                      CL A       P31076105     11961      100000    SH          SOLE             100000
AFLAC INC                              COM       001055102       182        3500    SH          SOLE               3500
AT&T INC                               COM       00206R102     11007      300000    SH          SOLE             300000
ABBOTT LABS                            COM       002824100     14190      401750    SH          SOLE             401750
ABBVIE INC                             COM       00287Y109     16445      403250    SH          SOLE             403250
ADOBE SYS INC                          COM       00724F101     23930      550000    SH          SOLE             550000
AGNICO EAGLE MINES LTD                 COM       008474108     32832      800000    SH          SOLE             800000
AGRIUM INC                             COM       008916108     39000      400000    SH          SOLE             400000
AKAMAI TECHNOLOGIES INC                COM       00971T101     17645      500000    SH          SOLE             500000
ALIGN TECHNOLOGY INC                   COM       016255101     20005      597000    SH          SOLE             597000
AMAZON COM INC                         COM       023135106     26649      100000    SH          SOLE             100000
AMEREN CORP                            COM       023608102      5183      148000    SH          SOLE             148000
AMERICAN EAGLE OUTFITTERS NE           COM       02553E106     23375     1250000    SH          SOLE            1250000
AMERICAN ELEC PWR INC                  COM       025537101      7343      151000    SH          SOLE             151000
AMERISOURCEBERGEN CORP                 COM       03073E105      5145      100000    SH          SOLE             100000
AMGEN INC                              COM       031162100     51255      500000    SH          SOLE             500000
AMPHENOL CORP NEW                     CL A       032095101     11198      150000    SH          SOLE             150000
ANALOG DEVICES INC                     COM       032654105     12692      273000    SH          SOLE             273000
ANGLOGOLD ASHANTI LTD             SPONSORED ADR  035128206     27082     1150000    SH          SOLE            1150000
APPLIED MATLS INC                      COM       038222105        67        5000    SH          SOLE               5000
ASTRAZENECA PLC                   SPONSORED ADR  046353108     46581      932000    SH          SOLE             932000
AUTOLIV INC                            COM       052800109        76        1100    SH          SOLE               1100
BT GROUP PLC                           ADR       05577E101       420       10000    SH          SOLE              10000
BMC SOFTWARE INC                       COM       055921100     30114      650000    SH          SOLE             650000
BARRICK GOLD CORP                      COM       067901108     41160     1400000    SH          SOLE            1400000
BAXTER INTL INC                        COM       071813109     32902      452950    SH          SOLE             452950
BECTON DICKINSON & CO                  COM       075887109     19344      202325    SH          SOLE             202325
BED BATH & BEYOND INC                  COM       075896100     11209      174000    SH          SOLE             174000
BEST BUY INC                           COM       086516101        50        2250    SH          SOLE               2250
BIO-REFERENCE LABS INC            COM $.01 NEW   09057G602      3014      116000    SH          SOLE             116000
BIOGEN IDEC INC                        COM       09062X103     49771      258000    SH          SOLE             258000
BLOCK H & R INC                        COM       093671105       118        4000    SH          SOLE               4000
BRINKER INTL INC                       COM       109641100     13178      350000    SH          SOLE             350000
CME GROUP INC                          COM       12572Q105       209        3400    SH          SOLE               3400
CAMPBELL SOUP CO                       COM       134429109     27420      604500    SH          SOLE             604500
CANON INC                              ADR       138006309       161        4400    SH          SOLE               4400
CARDINAL HEALTH INC                    COM       14149Y108       175        4200    SH          SOLE               4200
CARNIVAL CORP                      PAIRED CTF    143658300       154        4500    SH          SOLE               4500
CELGENE CORP                           COM       151020104      6839       59000    SH          SOLE              59000
BP PLC                            SPONSORED ADR  155622104       110        2600    SH          SOLE               2600
CHEESECAKE FACTORY INC                 COM       163072101     36680      950000    SH          SOLE             950000
CHICOS FAS INC                         COM       168615102     15994      952000    SH          SOLE             952000
CHINA MOBILE LIMITED              SPONSORED ADR  16941M109     22208      418000    SH          SOLE             418000
CISCO SYS INC                          COM       17275R102     15798      755500    SH          SOLE             755500
CIRRUS LOGIC INC                       COM       172755100     22750     1000000    SH          SOLE            1000000
CINTAS CORP                            COM       172908105     36893      836000    SH          SOLE             836000
CLOROX CO DEL                          COM       189054109     13368      151000    SH          SOLE             151000
COACH INC                              COM       189754104       150        3000    SH          SOLE               3000
COCA COLA CO                           COM       191216100     20311      502250    SH          SOLE             502250
COLGATE PALMOLIVE CO                   COM       194162103     35409      300000    SH          SOLE             300000
COMCAST CORP NEW                      CL A       20030N101      4201      100000    SH          SOLE             100000
COMMUNITY HEALTH SYS INC NEW           COM       203668108     16586      350000    SH          SOLE             350000
COMPANIA DE MINAS BUENAVENTU      SPONSORED ADR  204448104     14278      550000    SH          SOLE             550000
COMTECH TELECOMMUNICATIONS C         COM NEW     205826209        73        3000    SH          SOLE               3000
CONOCOPHILLIPS                         COM       20825C104     21161      352100    SH          SOLE             352100
CONVERGYS CORP                         COM       212485106      3934      231000    SH          SOLE             231000
COOPER TIRE & RUBR CO                  COM       216831107     12830      500000    SH          SOLE             500000
COPART INC                             COM       217204106     13026      380000    SH          SOLE             380000
CREE INC                               COM       225447101      8206      150000    SH          SOLE             150000
CYBERONICS INC                         COM       23251P102     42035      898000    SH          SOLE             898000
DTE ENERGY CO                          COM       233331107      4579       67000    SH          SOLE              67000
DARDEN RESTAURANTS INC                 COM       237194105       181        3500    SH          SOLE               3500
DIAMOND OFFSHORE DRILLING IN           COM       25271C102     14051      202000    SH          SOLE             202000
DIEBOLD INC                            COM       253651103        45        1500    SH          SOLE               1500
DISH NETWORK CORP                     CL A       25470M109     40932     1080000    SH          SOLE            1080000
DOLBY LABORATORIES INC                 COM       25659T107      8893      265000    SH          SOLE             265000
DOMINION RES INC VA NEW                COM       25746U109       931       16000    SH          SOLE              16000
DUKE ENERGY CORP NEW                 COM NEW     26441C204     14542      200333    SH          SOLE             200333
ENI S P A                         SPONSORED ADR  26874R108       449       10000    SH          SOLE              10000
EBAY INC                               COM       278642103     43376      800000    SH          SOLE             800000
EDISON INTL                            COM       281020107        50        1000    SH          SOLE               1000
EMERSON ELEC CO                        COM       291011104       112        2000    SH          SOLE               2000
ENTERGY CORP                           COM       29364G103     19136      302600    SH          SOLE             302600
EXELON CORP                            COM       30161N101     13792      400000    SH          SOLE             400000
EXXON MOBIL CORP                       COM       30231G102     36170      401400    SH          SOLE             401400
FAMILY DLR STORES INC                  COM       307000109     14763      250000    SH          SOLE             250000
FEDEX CORP                             COM       31428X106      9820      100000    SH          SOLE             100000
FIFTH THIRD BANCORP                    COM       316773100     13864      850000    SH          SOLE             850000
FIRSTENERGY CORP                       COM       337932107      3503       83000    SH          SOLE              83000
FORD MTR CO DEL                   COM PAR $0.01  345370860      5260      400000    SH          SOLE             400000
GAMESTOP CORP NEW                     CL A       36467W109     18181      650000    SH          SOLE             650000
GANNETT INC                            COM       364730101     21870     1000000    SH          SOLE            1000000
GAP INC DEL                            COM       364760108     35400     1000000    SH          SOLE            1000000
GENERAC HLDGS INC                      COM       368736104     17670      500000    SH          SOLE             500000
GENERAL ELECTRIC CO                    COM       369604103     23120     1000000    SH          SOLE            1000000
GENERAL MLS INC                        COM       370334104        55        1125    SH          SOLE               1125
GILEAD SCIENCES INC                    COM       375558103     27303      558000    SH          SOLE             558000
GLAXOSMITHKLINE PLC               SPONSORED ADR  37733W105      1102       23500    SH          SOLE              23500
GOLD FIELDS LTD NEW               SPONSORED ADR  38059T106      7750     1000000    SH          SOLE            1000000
GOLDCORP INC NEW                       COM       380956409     28586      850000    SH          SOLE             850000
GRAND CANYON ED INC                    COM       38526M106      4113      162000    SH          SOLE             162000
GRUMA SAB DE CV                   SPON ADR CL B  400131306       272       15500    SH          SOLE              15500
HALLIBURTON CO                         COM       406216101     18184      450000    SH          SOLE             450000
HARMONY GOLD MNG LTD              SPONSORED ADR  413216300      6410     1000000    SH          SOLE            1000000
HARRIS CORP DEL                        COM       413875105       171        3700    SH          SOLE               3700
HARTE-HANKS INC                        COM       416196103       160       20500    SH          SOLE              20500
HARVARD BIOSCIENCE INC                 COM       416906105      5650     1000000    SH          SOLE            1000000
HASBRO INC                             COM       418056107      6759      153825    SH          SOLE             153825
HEALTH MGMT ASSOC INC NEW             CL A       421933102     21236     1650000    SH          SOLE            1650000
HELMERICH & PAYNE INC                  COM       423452101     15175      250000    SH          SOLE             250000
HITTITE MICROWAVE CORP                 COM       43365Y104      2362       39000    SH          SOLE              39000
ICU MED INC                            COM       44930G107      1592       27000    SH          SOLE              27000
ILLINOIS TOOL WKS INC                  COM       452308109     30622      502500    SH          SOLE             502500
ILLUMINA INC                           COM       452327109     21600      400000    SH          SOLE             400000
INERGY L P                        UNIT LTD PTNR  456615103      2452      120000    SH          SOLE             120000
INGREDION INC                          COM       457187102     21696      300000    SH          SOLE             300000
INTEL CORP                             COM       458140100       186        8500    SH          SOLE               8500
ISHARES GOLD TRUST                   ISHARES     464285105     23280     1500000    SH          SOLE            1500000
ISHARES INC                      MSCI AUSTRALIA  464286103      1298       48000    SH          SOLE              48000
ISHARES INC                     MSCI BELG CAPPED 464286301      1234       87000    SH          SOLE              87000
ISHARES INC                      MSCI SINGAPORE  464286673      1117       80000    SH          SOLE              80000
ISHARES INC                        MSCI SWEDEN   464286756      1235       38000    SH          SOLE              38000
ISHARES INC                        MSCI GERMAN   464286806      1199       49000    SH          SOLE              49000
JACK IN THE BOX INC                    COM       466367109     42892     1240000    SH          SOLE            1240000
JETBLUE AIRWAYS CORP                   COM       477143101      4030      584000    SH          SOLE             584000
JOHNSON & JOHNSON                      COM       478160104       216        2650    SH          SOLE               2650
J2 GLOBAL INC                          COM       48123V102      1647       42000    SH          SOLE              42000
KLA-TENCOR CORP                        COM       482480100       116        2200    SH          SOLE               2200
KELLOGG CO                             COM       487836108       193        3000    SH          SOLE               3000
KOHLS CORP                             COM       500255104       198        4300    SH          SOLE               4300
KOSS CORP                              COM       500692108        46        9000    SH          SOLE               9000
LILLY ELI & CO                         COM       532457108     34131      601000    SH          SOLE             601000
MASTERCARD INC                        CL A       57636Q104     32468       60000    SH          SOLE              60000
MATTEL INC                             COM       577081102     14451      330000    SH          SOLE             330000
MAXIM INTEGRATED PRODS INC             COM       57772K101        33        1000    SH          SOLE               1000
MCCLATCHY CO                          CL A       579489105       415      143000    SH          SOLE             143000
MCDONALDS CORP                         COM       580135101       209        2100    SH          SOLE               2100
MCGRAW HILL COS INC                    COM       580645109     13020      250000    SH          SOLE             250000
MEDICINES CO                           COM       584688105     23260      696000    SH          SOLE             696000
MEDTRONIC INC                          COM       585055106     23635      503300    SH          SOLE             503300
MERCK & CO INC NEW                     COM       58933Y105       116        2625    SH          SOLE               2625
MEREDITH CORP                          COM       589433101       115        3000    SH          SOLE               3000
MERIDIAN BIOSCIENCE INC                COM       589584101       160        7000    SH          SOLE               7000
MICROSOFT CORP                         COM       594918104       172        6000    SH          SOLE               6000
MICROCHIP TECHNOLOGY INC               COM       595017104       147        4000    SH          SOLE               4000
MINDRAY MEDICAL INTL LTD            SPON ADR     602675100       899       22500    SH          SOLE              22500
MOBILE TELESYSTEMS OJSC           SPONSORED ADR  607409109       684       33000    SH          SOLE              33000
MOLEX INC                              COM       608554101        88        3000    SH          SOLE               3000
MONSANTO CO NEW                        COM       61166W101      7922       75000    SH          SOLE              75000
MOODYS CORP                            COM       615369105     13330      250000    SH          SOLE             250000
NATIONAL GRID PLC                 SPON ADR NEW   636274300       609       10500    SH          SOLE              10500
NETEASE COM INC                        ADR       64110W102       438        8000    SH          SOLE               8000
NEWMARKET CORP                         COM       651587107      7811       30000    SH          SOLE              30000
NEWMONT MINING CORP                    COM       651639106     44152     1054000    SH          SOLE            1054000
NEXTERA ENERGY INC                     COM       65339F101        78        1000    SH          SOLE               1000
NORFOLK SOUTHERN CORP                  COM       655844108        77        1000    SH          SOLE               1000
NOVARTIS A G                      SPONSORED ADR  66987V109     29700      416900    SH          SOLE             416900
NUSTAR ENERGY LP                    UNIT COM     67058H102      4747       89000    SH          SOLE              89000
NUTRI SYS INC NEW                      COM       67069D108        51        6000    SH          SOLE               6000
OCCIDENTAL PETE CORP DEL               COM       674599105       157        2000    SH          SOLE               2000
OMNICOM GROUP INC                      COM       681919106        65        1100    SH          SOLE               1100
ONEOK PARTNERS LP                UNIT LTD PARTN  68268N103      8266      144000    SH          SOLE             144000
ORACLE CORP                            COM       68389X105     32340     1000000    SH          SOLE            1000000
OWENS & MINOR INC NEW                  COM       690732102        65        2000    SH          SOLE               2000
PDL BIOPHARMA INC                      COM       69329Y104     22076     3020000    SH          SOLE            3020000
PG&E CORP                              COM       69331C108     15586      350000    SH          SOLE             350000
PPL CORP                               COM       69351T106      3244      103600    SH          SOLE             103600
PANERA BREAD CO                       CL A       69840W108     20655      125000    SH          SOLE             125000
PATTERSON COMPANIES INC                COM       703395103      3804      100000    SH          SOLE             100000
PEPCO HOLDINGS INC                     COM       713291102      1177       55000    SH          SOLE              55000
PEPSICO INC                            COM       713448108     47650      602325    SH          SOLE             602325
PINNACLE WEST CAPITAL CORP             COM       723484101      1331       23000    SH          SOLE              23000
PROCTER & GAMBLE CO                    COM       742718109       208        2700    SH          SOLE               2700
PROTECTIVE LIFE CORP                   COM       743674103      8950      250000    SH          SOLE             250000
PUBLIC SVC ENTERPRISE GROUP            COM       744573106     13736      400000    SH          SOLE             400000
QUALITY SYS INC                        COM       747582104        55        3000    SH          SOLE               3000
RANDGOLD RES LTD                       ADR       752344309     21495      250000    SH          SOLE             250000
RAYTHEON CO                          COM NEW     755111507        94        1600    SH          SOLE               1600
REPUBLIC SVCS INC                      COM       760759100        69        2100    SH          SOLE               2100
RESMED INC                             COM       761152107     23180      500000    SH          SOLE             500000
SPDR SERIES TRUST                DB INT GVT ETF  78464A490      9934      160000    SH          SOLE             160000
SAFEWAY INC                          COM NEW     786514208        79        3000    SH          SOLE               3000
ST JUDE MED INC                        COM       790849103       198        4900    SH          SOLE               4900
SANOFI                            SPONSORED ADR  80105N105      1129       22100    SH          SOLE              22100
SAP AG                            SPONSORED ADR  803054204      1055       13100    SH          SOLE              13100
SCANA CORP NEW                         COM       80589M102      1893       37000    SH          SOLE              37000
SCOTTS MIRACLE GRO CO                 CL A       810186106        65        1500    SH          SOLE               1500
SCRIPPS NETWORKS INTERACT IN        CL A COM     811065101     38733      602000    SH          SOLE             602000
SIBANYE GOLD LTD                  SPONSORED ADR  825724206      1412      250000    SH          SOLE             250000
SMITH & NEPHEW PLC                SPDN ADR NEW   83175M205      1126       19500    SH          SOLE              19500
SOUTHERN COPPER CORP                   COM       84265V105      7514      200000    SH          SOLE             200000
SOUTHWEST AIRLS CO                     COM       844741108     20220     1500000    SH          SOLE            1500000
STAPLES INC                            COM       855030102       128        9500    SH          SOLE               9500
STILLWATER MNG CO                      COM       86074Q102       129       10000    SH          SOLE              10000
STRAYER ED INC                         COM       863236105        48        1000    SH          SOLE               1000
SUNPOWER CORP                          COM       867652406      6497      563000    SH          SOLE             563000
SUNTRUST BKS INC                       COM       867914103     14405      500000    SH          SOLE             500000
SYNAPTICS INC                          COM       87157D109     26448      650000    SH          SOLE             650000
SYNTEL INC                             COM       87162H103      3376       50000    SH          SOLE              50000
SYSCO CORP                             COM       871829107        53        1500    SH          SOLE               1500
TECO ENERGY INC                        COM       872375100      1622       91000    SH          SOLE              91000
TJX COS INC NEW                        COM       872540109     11688      250000    SH          SOLE             250000
TRW AUTOMOTIVE HLDGS CORP              COM       87264S106     27500      500000    SH          SOLE             500000
TAIWAN SEMICONDUCTOR ENGR         SPONSORED ADR  874039100       945       55000    SH          SOLE              55000
TARGET CORP                            COM       87612E106     40728      595000    SH          SOLE             595000
TELECOM ARGENTINA S A            SPON ADR REP B  879273209       406       28000    SH          SOLE              28000
TELECOM CORP NEW ZEALAND LTD      SPONSORED ADR  879278208       887       92500    SH          SOLE              92500
TETRA TECH INC NEW                     COM       88162G103      9147      300000    SH          SOLE             300000
3M CO                                  COM       88579Y101     21262      200000    SH          SOLE             200000
TIME WARNER CABLE INC                  COM       88732J207     48030      500000    SH          SOLE             500000
UNS ENERGY CORP                        COM       903119105      2741       56000    SH          SOLE              56000
U S AIRWAYS GROUP INC                  COM       90341W108     16970     1000000    SH          SOLE            1000000
UNDER ARMOUR INC                      CL A       904311107     25600      500000    SH          SOLE             500000
UNITED PARCEL SERVICE INC             CL B       911312106       120        1400    SH          SOLE               1400
UNITED TECHNOLOGIES CORP               COM       913017109        93        1000    SH          SOLE               1000
UNITED THERAPEUTICS CORP DEL           COM       91307C102     28487      468000    SH          SOLE             468000
URBAN OUTFITTERS INC                   COM       917047102     27699      715000    SH          SOLE             715000
VALASSIS COMMUNICATIONS INC            COM       918866104      9708      325000    SH          SOLE             325000
VEECO INSTRS INC DEL                   COM       922417100     24914      650000    SH          SOLE             650000
VODAFONE GROUP PLC NEW            SPONS ADR NEW  92857W209       540       19000    SH          SOLE              19000
WUXI PHARMATECH CAYMAN INC        SPONS ADR SHS  929352102       687       40000    SH          SOLE              40000
WAL MART STORES INC                    COM       931142103     37617      502700    SH          SOLE             502700
WALGREEN CO                            COM       931422109     25652      538000    SH          SOLE             538000
WESTERN DIGITAL CORP                   COM       958102105     14933      297000    SH          SOLE             297000
WILEY JOHN & SONS INC                 CL A       968223206       203        5200    SH          SOLE               5200
WILLIAMS PARTNERS L P             COM UNIT L P   96950F104      4403       85000    SH          SOLE              85000
WIPRO LTD                         SPON ADR 1 SH  97651M109      1010      100000    SH          SOLE             100000
WORLD ACCEP CORP DEL                   COM       981419104     16315      190000    SH          SOLE             190000
XILINX INC                             COM       983919101        86        2250    SH          SOLE               2250
ZIMMER HLDGS INC                       COM       98956P102     18805      250000    SH          SOLE             250000