SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: Hennessy Advisors Inc.
Filing Type: Form 13F Information Table (Quarterly Report of Holdings)
Reporting Period: Ended December 31, 2023
Context: This filing discloses the equity securities held by Hennessy Advisors Inc. as a registered investment manager. The report details the specific issuers, share counts, and market values of the portfolio as of the period end. It does not contain financial performance data for Hennessy Advisors itself.
Key Financial Metrics and Portfolio Composition
The filing provides a granular list of holdings rather than aggregate financial metrics for the manager. Key portfolio characteristics include:
- Total Holdings Disclosed: The table lists approximately 160 individual equity positions.
- Investment Authority: All listed positions are reported with "Sole" voting authority.
- Derivatives: No put or call options are reported in the "Put/Call" column for any position.
- Top Holdings by Value (Selected):
- Enbridge Inc: $22,633,707
- Enlink Midstream LLC: $22,720,960
- EQT Corp: $23,153,474
- Sempra: $23,194,697
- TC Energy Corp: $24,509,430
- Group 1 Automotive Inc: $24,562,044
- Oneok Inc: $26,911,464
- Kyndryl Holdings Inc: $28,992,256
- Sprouts Farmers Market Inc: $23,992,457
- Southern Co: $22,291,148
Material Changes Versus Prior Period
Not Applicable: This filing is a snapshot of holdings as of December 31, 2023. The provided text does not contain comparative data from the prior quarter (September 30, 2023) or year-over-year figures. Therefore, material changes in position size or new entries cannot be determined from this document alone.
Guidance, Outlook, and Risks
Management Commentary: None. Form 13F filings are regulatory disclosures of holdings and do not include management discussion, financial guidance, or forward-looking statements.
Risks and Contingencies: The filing includes a standard SEC disclaimer stating that the Commission has not reviewed the information for accuracy or completeness. No specific risk factors or contingencies regarding the portfolio are disclosed in this table.
Investor Verification Checklist
- Portfolio Concentration: Verify the total aggregate value of the portfolio to assess concentration risk in the energy and utility sectors, which appear prominent in the top holdings.
- Turnover Analysis: Compare this list against the Q3 2023 13F filing to identify significant buys or sells, as this document does not show changes.
- Valuation Accuracy: Confirm that the "Value" column reflects the fair market value at the period end, as 13F values are estimates based on closing prices.
- Managerial Capacity: Note that all voting authority is "Sole," indicating direct control over these specific accounts without shared discretion.