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. The report covers the calendar quarter ended September 30, 2009, and was signed on October 9, 2009, 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 operating financials (revenue, profit, cash flow) of Hennessy Advisors itself. The following metrics reflect the portfolio under management:
- Total Portfolio Value: $678,710,000 (reported in thousands as $678,710).
- Total Number of Holdings: 221 distinct securities.
- Investment Discretion: Sole discretion for all reported positions.
- Top Holdings by Value:
- SXC Health Solutions Corp: $12,774,000
- Carter's Inc: $12,723,000
- World Fuel Services Corp: $12,330,000
- Emergency Medical Svcs Corp: $11,183,000
- Tetra Tech Inc: $10,458,000
Note: The filing does not provide data on Hennessy Advisors' internal revenue, profit margins, debt, or liquidity.
Material Changes and Portfolio Composition
This filing is a snapshot of holdings as of September 30, 2009. It does not contain comparative data against the prior quarter (June 30, 2009) to determine material changes in position size or new entries versus deletions. The portfolio is heavily diversified across sectors including healthcare, consumer discretionary, industrials, and energy. Notable large-cap positions include 3M Co ($1,734,000), AT&T Inc ($5,761,000), and DuPont ($6,837,000).
Guidance, Outlook, and Risks
Form 13F filings are statutory disclosures of holdings and do not contain management commentary, forward-looking guidance, risk factors, or contingency plans. No such information is present in this document.
Investor Verification Checklist
- Verify the total portfolio value of $678.7 million against the firm's total assets under management (AUM) to determine if this report covers all funds or only a subset.
- Compare the 221 holdings listed here against the previous quarter's 13F filing to identify specific buy/sell activity.
- Review the concentration risk, noting that the top 5 holdings represent approximately 33% of the reported portfolio value.
- Confirm that "Sole" voting authority applies to all positions, indicating no shared control with other managers for these specific securities.