SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: Hennessy Advisors Inc.
Filing Type: Form 13F Information Table
Reporting Period: Quarter ended September 30, 2018
Context: This filing discloses the equity securities held by Hennessy Advisors Inc. as a registered investment manager. It details the issuer, class of security, CUSIP, value, and voting authority for each position.
Key Financial Metrics
Revenue, Profit, Cash Flow, Margins, Debt, Liquidity: The filing text does not provide a clear value for these metrics. Form 13F is a disclosure of holdings and does not contain the filer's internal financial performance data.
Portfolio Composition: The table lists over 200 individual equity positions. Holdings span multiple sectors including Energy, Utilities, Financials, Healthcare, and Consumer Discretionary. All listed positions indicate "SOLE" voting authority.
Material Changes Versus Prior Period
Comparison Data: The filing text does not provide a clear value for changes versus the prior comparable period. This specific document contains only the snapshot of holdings as of September 30, 2018, without comparative data from the previous quarter.
Guidance, Outlook, and Risks
Management Commentary: The filing text does not provide a clear value for guidance, outlook, or management commentary. Form 13F is a regulatory data table and does not include narrative sections for forward-looking statements.
Risks and Contingencies: No specific risks or contingencies are disclosed in this filing. The standard SEC disclaimer notes that the Commission has not reviewed the information for accuracy or completeness.
Investor Verification Checklist
- Top Holdings by Value: Verify the largest positions by value (Column 4) to understand portfolio concentration. Notable high-value entries include Kinder Morgan Inc ($47,855,000), Dominion Energy Inc ($48,725,000), and Cheniere Energy Inc ($49,610,000).
- Sector Exposure: Confirm the weight of the portfolio in Utilities and Energy sectors, which appear heavily represented in the list (e.g., Southern Co, TransCanada Corp, Enbridge Inc).
- Voting Authority: Verify that all listed securities are held with "SOLE" voting discretion, indicating full control over voting decisions for these assets.
- Position Size: Cross-reference the share counts (Column 3) with market prices as of the period end to validate the reported values (Column 4).