13F-HR: Hennessy Advisors Inc. Discloses $3 Billion in Holdings for Q1 2025

Hennessy Advisors Inc. reports \$3,003,335,540 in total value of holdings across 295 positions as of March 31, 2025.

Summary

• Hennessy Advisors Inc. filed its Form 13F holdings report for the quarter ended March 31, 2025.
• The report indicates a total value of \$3,003,335,540 held across 295 positions.
• The filing confirms that Hennessy Advisors Inc. manages these holdings with sole voting authority.
• The firm's holdings include a variety of stocks, with significant investments in companies like UGI Corp, World Kinect Corp, Hanesbrands Inc, Oscar Health Inc, and Mattel Inc.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing, indicating stability and transparency. The large AUM suggests a positive outlook for the firm.

Positives

• The report provides a detailed overview of Hennessy Advisors Inc.'s investment portfolio.
• The filing is complete and includes all required information.
• The firm maintains a diversified portfolio across various sectors.

Risks

• The Form 13F report is a snapshot in time and does not reflect subsequent changes in the portfolio.
• Investment decisions are subject to market risks and fluctuations.
• The value of holdings can be affected by various factors, including economic conditions and company-specific events.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

Form 13F filings are a standard requirement for institutional investment managers with over \$100 million in assets under management, providing transparency into their investment holdings. This filing allows investors and the public to understand the investment strategies and positions of Hennessy Advisors Inc.

Comparison to Industry Standards

• Hennessy Advisors' portfolio composition can be compared to other investment firms of similar size and investment strategy.
• Analyzing sector allocations and top holdings relative to benchmarks like the S&P 500 can provide insights into the firm's investment approach.
• Comparing Hennessy's holdings to those of firms like BlackRock or Vanguard (though much larger) can reveal similarities or differences in investment philosophy.

Stakeholder Impact

• Shareholders can use this information to understand the investment strategy of Hennessy Advisors Inc.
• The holdings reflect the firm's investment decisions, which impact the performance of its managed funds.

Key Dates

Keywords

Form 13F, holdings, investment manager, Hennessy Advisors, portfolio, equities