SEC Filing Summary: Hennessy Advisors Inc. (Form 13F-HR)
Business Context and Reporting Period
This filing is a Form 13F Holdings Report submitted by Hennessy Advisors, Inc., an institutional investment manager based in Novato, California. The report covers the calendar quarter ended December 31, 2009, and was signed by Teresa M. Nilsen, Executive Vice President and Chief Financial Officer, on January 13, 2010. The report details the manager's equity holdings with sole investment discretion.
Key Financial Metrics
As a Form 13F filing, this document reports portfolio holdings rather than the operating financials (revenue, profit, cash flow) of Hennessy Advisors itself. The following metrics reflect the reported portfolio:
- Total Portfolio Value: $698,235,000 (reported in thousands).
- Total Number of Holdings: 214 distinct securities.
- Investment Discretion: Sole discretion for all reported positions.
- Top Holdings by Value:
- Virgin Media Inc: $11,534,000
- Newmarket Corp: $11,385,000
- Tech Data Corp: $10,755,000
- Americredit Corp: $10,223,000
- Boeing Co: $7,551,000
Material Changes and Comparisons
The filing text provided contains only the current quarter's snapshot (Q4 2009). It does not include the prior quarter's data (Q3 2009) or year-over-year comparisons. Therefore, material changes in holdings, additions, or deletions versus the prior comparable period cannot be determined from this document alone.
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. The filing text does not provide any information regarding the manager's outlook or specific risks associated with the portfolio.
Investor Verification Checklist
- Verify the total portfolio value of approximately $698 million against the firm's latest 10-K or 10-Q to understand the scale of assets under management (AUM) relative to reported holdings.
- Confirm the concentration risk by analyzing the top 10 holdings, which represent a significant portion of the reported $698 million.
- Check subsequent 13F filings to track turnover and changes in the 214 reported positions.
- Note that the filing reports "Sole" voting authority for all positions, indicating full control over these specific assets.