Hennessy Advisors Discloses Q4 2023 Holdings, Including 3M, AbbVie
Ticker: HNNAZ · Form: 13F-HR · Filed: Jan 18, 2024 · CIK: 1145255
| Field | Detail |
|---|---|
| Company | Hennessy Advisors INC (HNNAZ) |
| Form Type | 13F-HR |
| Filed Date | Jan 18, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 2 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: holdings-report, institutional-investor, portfolio-disclosure
Related Tickers: MMM, ABBV, ANF, BRK.A, T
TL;DR
**Hennessy Advisors' latest 13F shows their Q4 2023 portfolio, revealing key holdings in 3M, AbbVie, and Abercrombie & Fitch.**
AI Summary
Hennessy Advisors Inc. filed its 13F-HR on January 18, 2024, revealing its holdings as of December 31, 2023. The filing shows significant positions in companies like 3M Co. with 41,400 shares, AbbVie Inc. with 30,800 shares, and Abercrombie & Fitch Co. with 372,900 shares. This matters to investors because it provides transparency into the investment strategy of a major advisor, indicating where they see value and potentially influencing market sentiment for these specific stocks.
Why It Matters
This filing offers a snapshot of Hennessy Advisors' investment strategy, allowing investors to see which stocks a professional money manager is buying or holding. It can signal confidence or caution in certain sectors or individual companies.
Risk Assessment
Risk Level: low — This filing is a historical record of holdings and does not indicate future actions or significant changes in strategy, thus posing low immediate risk.
Analyst Insight
A smart investor would use this filing to understand Hennessy Advisors' investment philosophy and potentially identify stocks for further research that align with their own investment goals, rather than blindly copying the portfolio.
Key Numbers
- 20231231 — Conformed Period of Report (The date for which the reported holdings are accurate, showing the portfolio at the end of Q4 2023.)
- 41,400 SH — Shares of 3M CO (The number of shares Hennessy Advisors held in 3M CO as of December 31, 2023, indicating a notable position.)
- 30,800 SH — Shares of ABBVIE INC (The number of shares Hennessy Advisors held in ABBVIE INC as of December 31, 2023, highlighting another key investment.)
- 372,900 SH — Shares of ABERCROMBIE & FITCH CO CL A (The largest share count among the listed holdings, indicating a substantial investment in Abercrombie & Fitch.)
- 42 SH — Shares of BERKSHIRE HATHAWAY INC DEL CL A (The number of Class A shares of Berkshire Hathaway held, notable due to the high per-share value of this stock.)
Key Players & Entities
- HENNESSY ADVISORS INC (company) — the investment advisor filing the 13F-HR
- Teresa M. Nilsen (person) — President and Chief Operating Officer of Hennessy Advisors Inc., who signed the filing
- 3M CO (company) — a significant holding in Hennessy Advisors' portfolio with 41,400 shares
- ABBVIE INC (company) — a significant holding in Hennessy Advisors' portfolio with 30,800 shares
- ABERCROMBIE & FITCH CO (company) — a significant holding in Hennessy Advisors' portfolio with 372,900 shares
Forward-Looking Statements
- Hennessy Advisors will likely maintain a diversified portfolio with a mix of established companies and growth-oriented stocks in Q1 2024. (HENNESSY ADVISORS INC) — medium confidence, target: 2024-03-31
- The listed holdings, particularly in consumer discretionary (Abercrombie & Fitch) and industrials (3M), suggest a continued belief in economic stability and consumer spending. (ABERCROMBIE & FITCH CO CL A) — medium confidence, target: 2024-06-30
FAQ
What is the purpose of a 13F-HR filing?
A 13F-HR filing, like the one from Hennessy Advisors Inc., is a quarterly report filed by institutional investment managers with at least $100 million in assets under management. It discloses their equity holdings, providing transparency into their investment decisions as of the end of the reported quarter (December 31, 2023, in this case).
Who signed this 13F-HR filing for Hennessy Advisors Inc.?
The 13F-HR filing for Hennessy Advisors Inc. was signed by Teresa M. Nilsen, who holds the title of President and Chief Operating Officer, on January 18, 2024.
What was Hennessy Advisors Inc.'s largest reported holding by share count as of December 31, 2023?
As of December 31, 2023, Hennessy Advisors Inc.'s largest reported holding by share count was Abercrombie & Fitch Co. Class A, with 372,900 shares.
When was this 13F-HR filing submitted to the SEC?
This 13F-HR filing was submitted to the SEC on January 18, 2024, as indicated by the 'FILED AS OF DATE' and the signature date.
Does this filing indicate any short positions or options held by Hennessy Advisors Inc.?
No, a 13F-HR filing only discloses long positions in equity securities. This specific filing shows 'SOLE' voting and investment authority for all listed holdings, with zero shared or other authority, and does not include information on short positions, options, or other derivatives.
Filing Stats: 383 words · 2 min read · ~1 pages · Grade level 10.9 · Accepted 2024-01-18 16:19:24
Filing Documents
- primary_doc.html (13F-HR)
- primary_doc.xml (13F-HR) — 2KB
- informationtable.html (INFORMATION TABLE)
- informationtable.xml (INFORMATION TABLE) — 113KB
- 0000897069-24-000164.txt ( ) — 116KB
From the Filing
SEC FORM 13F-HR The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. The reader should not assume that the information is accurate and complete. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE OMB APPROVAL OMB Number: 3235-0006 Estimated average burden hours per response: 23.8 Report for the Calendar Year or Quarter Ended: 12-31-2023 Check here if Amendment Amendment Number: This Amendment (Check only one.): is a restatement. adds new holdings entries. Institutional Investment Manager Filing this Report: Name: HENNESSY ADVISORS INC Address: 7250 REDWOOD BLVD. SUITE 200 NOVATO , CA 94945 Form 13F File Number: 028-06715 CRD Number (if applicable): The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Teresa M. Nilsen Title: President and Chief Operating Officer Phone: 415-899-1555 Signature, Place, and Date of Signing: /s/Teresa M. Nilsen Novato , CA 01-18-2024 [Signature] [City, State] [Date] Report Type (Check only one.): X 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) Form 13F Summary Page Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 218 Form 13F Information Table Value Total: 1,343,910,575 (round to nearest dollar) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state “NONE” and omit the column headings and list entries.] NONE