Business Context and Reporting Period
This Form 13F-HR filing is submitted by Hennessy Advisors, Inc., an institutional investment manager, for the quarter ended March 31, 2001. The report details the equity securities held by the manager for which they have sole investment discretion. The filing was signed on October 18, 2001, by Teresa M. Nilsen, Executive Vice President and Chief Financial Officer.
Key Financial Metrics
The filing provides a snapshot of portfolio holdings rather than the operating financials of Hennessy Advisors itself. Key metrics from the report include:
- Total Portfolio Value: $188,428,000 (reported in thousands).
- Total Number of Holdings: 114 distinct securities.
- Investment Discretion: Sole discretion for all reported positions.
- Top Holdings by Value:
- Rent-A-Center Inc: $4,134,000
- NVR Inc: $4,091,000
- MDC Holdings Inc: $4,079,000
- Methanex Corp: $3,858,000
- Advance PCS: $3,701,000
Material Changes
The filing text does not provide comparative data for the prior quarter (December 31, 2000). Consequently, material changes in holdings, additions, or deletions versus the prior period cannot be determined from this document alone.
Guidance, Outlook, and Risks
Form 13F filings are statutory reports of holdings and do not contain management commentary, forward-looking guidance, risk factors, or contingency disclosures. The document lists no unusual items or specific outlook statements.
Important Facts for Investor Verification
- Portfolio Concentration: The top 5 holdings represent approximately 17% of the total reported portfolio value, indicating a relatively diversified portfolio across 114 positions.
- Sector Exposure: Significant exposure to the housing/construction sector (e.g., NVR, MDC Holdings, Lennar Corp, Toll Brothers) and healthcare services (e.g., Coventry Health Care, Caremark Rx, Tenet Healthcare).
- Reporting Lag: The report was signed in October 2001 for a period ending in March 2001, reflecting the standard 45-day filing window for 13F reports.
- Discretion Type: All reported positions are held with "Sole" investment discretion, meaning Hennessy Advisors made the investment decisions independently for these accounts.