SEC Filing Summary: 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, CA. The report covers the calendar quarter ended March 31, 2003, and was signed on April 21, 2003, by Teresa M. Nilsen, Executive Vice President and Chief Financial Officer.
Key Financial Metrics
As a Form 13F filing, this document reports equity holdings rather than the operating financial performance (revenue, profit, cash flow) of the manager itself. Key portfolio metrics include:
- Total Portfolio Value: $482,360,000 (reported in thousands).
- Total Number of Holdings: 107 entries.
- Investment Discretion: Sole discretion for all reported positions.
- Voting Authority: Sole voting authority for all reported positions.
- Top Holdings by Value:
- Western Digital Corp: $11,391,000
- Rollins Inc: $11,171,000
- UGI Corp: $11,128,000
- Quiksilver Inc: $10,053,000
- Whole Foods Market Inc: $10,216,000
Material Changes
The filing text does not provide comparative data for the prior quarter (December 31, 2002). 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 filing represents a snapshot of long-only equity positions (shares) held at the end of the quarter.
Investor Verification Checklist
- Verify the total portfolio value of $482.36 million against the firm's total assets under management (AUM) to determine if this report represents the entire portfolio or a specific segment.
- Confirm the concentration risk by analyzing the top 10 holdings, which appear to represent a significant portion of the reported value.
- Review the specific sector exposure, noting significant positions in technology (Western Digital, Avid Technology), consumer discretionary (Quiksilver, Whole Foods), and industrials (Rollins, UGI).
- Check subsequent filings to track the evolution of the 107 reported positions.