SEC Filing Summary: Hennessy Advisors Inc. (13F-HR)
Business Context and Reporting Period
This Form 13F-HR is a quarterly holdings report filed by HENNESSY ADVISORS INC, an institutional investment manager based in Novato, CA. The report covers the calendar quarter ended June 30, 2010, and was signed on July 19, 2010, by Teresa M. Nilsen, Executive Vice President and Chief Financial Officer. The filing represents a complete report of all holdings managed by the firm for this period.
Key Financial Metrics
As a Form 13F filing, this document discloses equity holdings rather than the firm's own financial performance (revenue, profit, or cash flow). The following metrics reflect the portfolio under management:
- Total Portfolio Value: $587,090,000 (reported as $587,090 in thousands).
- Total Number of Holdings: 221 distinct securities.
- Investment Discretion: Sole discretion for all reported positions.
- Top Holdings by Value:
- Virgin Media Inc: $9,478,000
- Du Pont E I De Nemours & Co: $7,428,000
- Newmarket Corp: $7,195,000
- Tech Data Corp: $6,857,000
- Kraft Foods Inc: $6,649,000
Note: The filing does not provide data on the firm's revenue, profit margins, debt, or liquidity.
Material Changes and Portfolio Composition
This filing is a snapshot of holdings as of June 30, 2010. It does not contain comparative data against the prior quarter (March 31, 2010) to determine material changes in position size or new entries versus exits. The portfolio is heavily diversified across sectors including consumer staples, industrials, technology, and healthcare. Notable large positions include significant stakes in Virgin Media, DuPont, and Kraft Foods.
Guidance, Outlook, and Risks
Form 13F filings are statutory disclosures of holdings and do not contain management commentary, forward-looking guidance, or risk factors regarding the firm's operations or market outlook. The filing confirms that the reporting manager has sole voting authority for all listed securities.
Key Facts for Investor Verification
- Portfolio Size: Verify the total managed assets of approximately $587 million as of Q2 2010.
- Concentration Risk: The top 5 holdings represent approximately 18% of the total reported portfolio value, indicating a relatively diversified approach.
- Reporting Completeness: The filing explicitly states that all holdings of the reporting manager are included in this report (0 other included managers).
- Discretion Type: Confirm that all 221 positions are held with "Sole" investment discretion, indicating no shared management for these specific accounts.