SEC Filing Summary: Form 13F-HR
Business Context and Reporting Period
Reporting Manager: Hennessy Advisors, Inc.
Filing Type: Form 13F Holdings Report
Reporting Period: Quarter ended June 30, 2011
Filing Date: July 25, 2011
Location: Novato, CA
This filing discloses the equity securities held by Hennessy Advisors, Inc. as of the end of the second quarter of 2011. The report covers 203 individual holdings with sole voting authority.
Key Financial Metrics
Total Portfolio Value: $675,232,000 (reported in thousands)
Total Number of Holdings: 203
Debt, Liquidity, and Cash Flow: The filing text does not provide a clear value for these metrics as Form 13F reports only equity holdings, not the manager's internal financial statements.
Top Holdings by Value (Selected):
- US Airways Group Inc: $849,400 (shares)
- Tuesday Morning Corp: $664,900 (shares)
- Newcastle Investment Corp: $620,000 (shares)
- Quiksilver Inc: $722,500 (shares)
- ISTAR Financial Inc: $525,800 (shares)
- Mercer Intl Inc: $540,600 (shares)
Material Changes
The filing text does not provide a clear value for material changes versus the prior comparable period. Form 13F filings report current holdings but do not explicitly list net changes (buys/sells) compared to the previous quarter within the summary text provided.
Guidance, Outlook, and Risks
Guidance and Outlook: The filing text does not provide a clear value for management commentary, future guidance, or outlook. This form is a regulatory disclosure of holdings, not an earnings release.
Risks and Contingencies: No specific risks or contingencies are detailed in the provided text beyond the standard representation that the information is true and correct.
Investor Verification Checklist
- Verify the total portfolio value of $675.2 million against the sum of individual holdings to ensure data integrity.
- Confirm the concentration risk by analyzing the top 10 holdings, which appear to include significant positions in US Airways, Tuesday Morning, and Quiksilver.
- Check the "Sole" voting authority designation for all 203 entries to confirm full control over voting rights.
- Review the specific share counts for high-volume positions (e.g., US Airways with 849,400 shares) to assess potential market impact.
- Compare this list against the Q1 2011 filing to manually calculate net buys and sells, as this data is not explicitly provided in the summary.