SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: Hennessy Advisors Inc.
Filing Type: Form 13F Information Table (Schedule of Holdings)
Reporting Period: Quarter ended June 30, 2017
Context: This filing discloses the equity securities held by the investment manager at the end of the reporting period. It is a regulatory disclosure of portfolio composition, not a financial performance report of the manager itself.
Key Financial Metrics and Portfolio Composition
Portfolio Overview: The filing lists 224 individual equity positions. The manager holds Sole Discretion over all reported securities. No put or call options are reported.
Top Holdings by Value (Selected):
- Enbridge Inc: $72,883,000 (1,830,765 shares)
- Cheniere Energy Inc: $73,183,000 (1,502,417 shares)
- TransCanada Corp: $72,332,000 (1,517,353 shares)
- National Grid PLC: $70,129,000 (1,116,345 shares)
- Sempra Energy: $70,654,000 (626,640 shares)
- Dominion Energy Inc: $69,978,000 (913,196 shares)
- PG&E Corp: $68,749,000 (1,035,849 shares)
- MDU Resources Group Inc: $46,801,000 (1,786,307 shares)
- Fortis Inc: $36,144,000 (1,028,289 shares)
- On Semiconductor Corp: $36,229,000 (2,580,400 shares)
Financial Metrics: The filing text does not provide aggregate portfolio value, revenue, profit, cash flow, margins, debt, or liquidity metrics for Hennessy Advisors Inc. It only provides the value of individual holdings.
Material Changes Versus Prior Period
The filing text does not provide data for the prior comparable period (March 31, 2017). Consequently, material changes in holdings, additions, or deletions cannot be determined from this document alone.
Guidance, Outlook, and Risks
Management Commentary: None provided. Form 13F filings are data tables and do not contain narrative commentary, guidance, or outlook.
Risks and Contingencies: The filing includes a standard disclaimer stating the SEC has not reviewed the information for accuracy. No specific risk factors or contingencies are disclosed in this table.
Investor Verification Checklist
- Verify the total aggregate value of the portfolio by summing the "Value" column, as the filing does not provide a total.
- Compare this list against the previous quarter's 13F filing to identify significant trades (buys/sells).
- Confirm the concentration risk in the Utilities and Energy sectors, which appear to be heavily weighted in the top holdings.
- Note that all voting authority is listed as "Sole," indicating full control over these positions.