SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: Hennessy Advisors Inc.
Filing Type: Form 13F Information Table (Schedule of Holdings)
Reporting Period: Quarter ended March 31, 2014
Context: This filing discloses the equity securities held by Hennessy Advisors Inc. as of the end of the first quarter of 2014. The filing lists individual stock positions, share counts, and voting authority but does not contain financial performance data for Hennessy Advisors itself.
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 portfolio holdings and does not report the financial statements of the investment manager.
Portfolio Composition: The portfolio consists of common stock (COM) and limited partnership units. All listed positions indicate "Sole" voting authority. No put or call options are reported in the provided text.
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 lists holdings as of March 31, 2014, but does not include the previous quarter's data required to calculate net purchases or sales.
Guidance, Outlook, and Risks
Management Commentary: None provided in this filing.
Outlook/Guidance: None provided.
Risks/Contingencies: The filing includes a standard disclaimer that the SEC has not reviewed the information for accuracy or completeness. No specific risk factors regarding the portfolio or the firm are detailed in this table.
Top Holdings by Share Count
Based on the provided data, the following issuers represent the largest positions by number of shares held:
- Synovus Financial Corp: 2,950,000 shares
- Kinder Morgan Inc: 2,379,225 shares
- Spectra Energy Corp: 2,023,615 shares
- TransCanada Corp: 1,637,827 shares
- Energy Transfer Equity LP: 1,637,408 shares
- Enbridge Inc: 1,605,848 shares
- Nisource Inc: 1,763,631 shares
- CenterPoint Energy Inc: 1,428,226 shares
- Cheniere Energy Inc: 1,384,117 shares
- Questar Corp: 1,235,615 shares
Investor Verification Checklist
- Verify the total aggregate value of the portfolio by applying March 31, 2014, closing prices to the share counts listed.
- Compare these holdings against the previous quarter's 13F filing to identify significant sector rotations (e.g., heavy weighting in Utilities and Energy).
- Confirm that "Sole" voting authority applies to all positions, indicating no shared management of these specific assets.
- Note the absence of derivative positions (puts/calls) in this specific table.