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. The report covers the calendar quarter ended December 31, 2002, and was signed on January 16, 2003, by Teresa M. Nilsen, Executive Vice President and Chief Financial Officer. The report details the equity securities held by the manager with sole investment discretion.
Key Financial Metrics
As this is a portfolio disclosure form rather than a financial performance report, Hennessy Advisors does not report its own revenue, profit, or cash flow. The filing provides the following aggregate portfolio metrics:
- Total Portfolio Value: $482,663,000 (reported in thousands).
- Total Number of Holdings: 107 distinct securities.
- Investment Discretion: Sole discretion for all reported positions.
- Top Holdings by Value:
- Tractor Supply Company: $19,289,000
- NVR, Inc.: $15,526,000
- Hovnanian Enterprises Inc: $14,366,000
- Gtech Holdings Corp: $12,350,000
- Intergraph: $11,867,000
Material Changes Versus Prior Period
The filing text does not provide comparative data for the prior quarter (September 30, 2002). Consequently, material changes in holdings, net purchases, or sales cannot be determined from this document alone.
Guidance, Outlook, and Risks
Form 13F filings are historical disclosures of holdings and do not contain management commentary, forward-looking guidance, risk factors, or contingency plans. The filing confirms that the manager represents all information is true, correct, and complete.
Investor Verification Checklist
- Verify the total portfolio value of approximately $482.7 million against the manager's total assets under management (AUM) to determine if this report represents the entire portfolio or a subset.
- Confirm the concentration risk by analyzing the top 10 holdings, which appear to represent a significant portion of the total value.
- Review the specific sector exposure, noting significant positions in retail (e.g., Tractor Supply, Ross Stores), homebuilding (e.g., NVR, Hovnanian), and gaming (e.g., Penn National, Alliance Gaming).
- Check subsequent filings to track the turnover rate and changes in the 107 reported positions.