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 March 31, 2009
Submission Date: April 21, 2009
Signatory: Teresa M. Nilsen, Executive Vice President and Chief Financial Officer
This filing discloses the equity securities held by Hennessy Advisors, Inc. at the end of the first quarter of 2009. The report covers 221 distinct holdings with sole investment discretion.
Key Financial Metrics
Total Portfolio Value: $570,669,000 (Reported in thousands)
Total Number of Holdings: 221
Investment Discretion: Sole (100% of reported holdings)
Voting Authority: Sole (100% of reported holdings)
Note: As a Form 13F filing, this document reports portfolio holdings and does not contain revenue, profit, cash flow, margin, debt, or liquidity metrics for Hennessy Advisors, Inc. itself.
Material Changes and Portfolio Composition
The filing provides a snapshot of holdings as of March 31, 2009. It does not provide comparative data against the prior quarter (December 31, 2008) to calculate material changes in position size or total portfolio value. The portfolio is diversified across multiple sectors including industrials, consumer discretionary, healthcare, and technology.
Top 5 Holdings by Value (in thousands):
- Stifel Financial Corp: $11,629
- Panera Bread Co: $13,377
- Odyssey Re Holdings Corp: $11,205
- Mantech Intl Corp: $10,597
- Tetra Tech Inc: $10,094
Guidance, Outlook, and Risks
Guidance and Outlook: The filing text does not provide management commentary, future guidance, or outlook statements.
Risks and Contingencies: No specific risk factors or contingencies are disclosed in this form. The filing is a statutory disclosure of holdings and does not include narrative risk analysis.
Unusual Items: No unusual items or restatements were indicated on the cover page.
Investor Verification Checklist
- Portfolio Concentration: Verify if the top 10 holdings represent a significant concentration of the $570.7 million total portfolio value.
- Market Context: Assess the performance of the reported holdings against the broader market conditions of Q1 2009 (post-2008 financial crisis).
- Discretion Type: Confirm that all reported positions are under "Sole" discretion, indicating full control by Hennessy Advisors over these specific accounts.
- Missing Data: Note that this filing does not disclose short positions, derivatives, or non-equity assets.
- Comparative Analysis: Retrieve the Q4 2008 13F filing to manually calculate changes in specific positions (e.g., additions, deletions, or size adjustments).