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 September 30, 2010
Submission Date: October 25, 2010
Signatory: Teresa M. Nilsen, Executive Vice President and Chief Financial Officer
This filing discloses the equity securities held by the institutional investment manager at the end of the reporting period. The report covers 216 individual holdings with sole voting authority.
Key Financial Metrics
Total Portfolio Value: $651,605,000 (reported in thousands)
Total Number of Holdings: 216
Other Included Managers: 0
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 September 30, 2010. It does not provide comparative data against the prior quarter (June 30, 2010) to determine material changes in position size or new entries versus deletions. The portfolio is diversified across various sectors including consumer discretionary, industrials, healthcare, and technology.
Top Holdings by Value (Selected):
- Omnova Solutions Inc: $550,990,000
- U.S. Airways Group Inc: $536,000,000
- Advanced Micro Devices Inc: $503,200,000
- Global Cash Access Holdings Inc: $489,200,000
- Kapstone Paper & Packaging Corp: $468,940,000
- Pfizer Inc: $457,250,000
- Cott Corp: $443,700,000
- GenCorp Inc: $437,300,000
- Sanmina-SCI Corp: $437,300,000
- Crocs Inc: $421,600,000
Guidance, Outlook, and Risks
Guidance and Outlook: The filing text does not provide management commentary, future guidance, or strategic outlook.
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: The portfolio contains significant positions in companies that were undergoing restructuring or were distressed at the time (e.g., U.S. Airways Group, Omnova Solutions), which is consistent with the investment strategy often associated with this manager, though no specific commentary on these positions is provided in the text.
Investor Verification Checklist
- Verify the total portfolio value of $651.6 million against the sum of individual holdings to ensure data integrity.
- Confirm the specific share counts for top holdings (e.g., Omnova Solutions, U.S. Airways) to assess concentration risk.
- Compare this list against the prior quarter's 13F filing (June 30, 2010) to identify new positions or significant reductions.
- Review the financial health of the top 10 holdings, as they represent a significant portion of the total reported value.
- Note that this filing does not disclose short positions, derivatives, or non-equity assets.