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 based in Novato, California. The report covers the calendar quarter ended March 31, 2010, and was signed by Teresa M. Nilsen, Executive Vice President and Chief Financial Officer, on April 22, 2010. 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 reports equity holdings and does not contain the manager's internal financial statements (revenue, profit, cash flow, or debt). The following metrics reflect the portfolio under management:
- Total Portfolio Value: $695,938,000 (reported in thousands as $695,938).
- Total Number of Holdings: 215 distinct securities.
- Investment Discretion: Sole discretion for all reported positions.
- Top Holdings by Value:
- Virgin Media Inc: $10,330,000
- Newmarket Corp: $8,940,000
- Merck & Co: $8,669,000
- Tech Data Corp: $8,476,000
- Du Pont (E I) De Nemours: $8,494,000
Material Changes Versus Prior Period
The filing text provided does not include comparative data from the prior quarter (December 31, 2009). Consequently, specific material changes in position size, new entries, or exits cannot be quantified from this document alone. The report lists 215 current holdings with sole voting authority.
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 confirms that the reporting manager represents all information is true, correct, and complete.
Key Facts for Investor Verification
- Portfolio Concentration: Verify if the top 10 holdings (including Virgin Media, Newmarket, and Merck) represent a significant concentration of the $696 million portfolio.
- Sector Exposure: The portfolio includes significant exposure to consumer discretionary (e.g., TJX Companies, Ross Stores), healthcare (e.g., Merck, Pfizer), and technology (e.g., Intel, Dell).
- Reporting Completeness: The filing explicitly states "Number of Other Included Managers: 0," confirming this report covers the entirety of Hennessy Advisors' reportable holdings for the period.
- Valuation Timing: All values are based on market prices as of March 31, 2010; verify current market values for these positions given the time elapsed since the filing.