SEC 13F Intelligence

Managers / Q4 2023 · view latest →

HENNESSY ADVISORS INC

CIK 0001145255 · 7250 REDWOOD BLVD., SUITE 200, NOVATO, CA, 94945 · 415-899-1555

Reported Value
$1.3B
Q4 2023
Positions
218
Filings on Record
31
2019–present window
Filed
Jan 18, 2024
original filing

Summary

Hennessy Advisors Inc reported $1.3B in U.S.-listed holdings across 218 positions for Q4 2023.

Its largest position, GAP, represents 3.1% of the portfolio.

Compared with Q3 2023, the fund opened 8 new positions and exited 15.

Portfolio Metrics

Turnover
+21.3%
vs prior filed quarter
Top-10 Concentration
+21.0%
share of reported value
Largest Position
+3.1%
Gap
New / Exited
8 / 15
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $2.0BQ4 ’18Q1 ’19: $2.2BQ2 ’19: $2.1BQ3 ’19: $2.0BQ4 ’19: $2.0BQ4 ’19Q1 ’20: $1.3BQ2 ’20: $1.4BQ3 ’20: $1.4BQ4 ’20: $1.6BQ4 ’20Q1 ’21: $1.7BQ2 ’21: $1.8BQ3 ’21: $1.7BQ4 ’21: $1.8BQ4 ’21Q1 ’22: $1.9BQ2 ’22: $1.7BQ3 ’22: $1.4BQ2 ’23: $1.4BQ2 ’23Q3 ’23: $1.4BQ4 ’23: $1.3BQ1 ’24: $2.4BQ2 ’24: $2.6BQ2 ’24Q3 ’24: $3.1BQ4 ’24: $3.4BQ1 ’25: $3.0BQ2 ’25: $3.0BQ2 ’25Q3 ’25: $2.9BQ4 ’25: $2.8BQ1 ’26: $2.8Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 92.3%ADR: 3.4%MLP: 2.3%Unit: 1.7%Other: 0.4%
  • Common Stock · 92.3% · $1.2B
  • ADR · 3.4% · $45M
  • MLP · 2.3% · $30M
  • Unit · 1.7% · $23M
  • Other · 0.4% · $5M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
GAPGAP INCNEW+2.02M2.02M+$42M$42M
ANFABERCROMBIE & FITCH CONEW+372.9K372.9K+$33M$33M
COKECOCA COLA CONS INCNEW+32.7K32.7K+$30M$30M
KDKYNDRYL HLDGS INCNEW+1.40M1.40M+$29M$29M
GPIGROUP 1 AUTOMOTIVE INCNEW+80.6K80.6K+$25M$25M
SFMSPROUTS FMRS MKT INCNEW+498.7K498.7K+$24M$24M
BANCBANC OF CALIFORNIA INCNEW+173.2K173.2K+$2M$2M
NOVNOV INCNEW+19.5K19.5K+$395,460$395,460

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2023

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GAPGAP INChistory →COM3.14%$42M2.02M
2ANFABERCROMBIE & FITCH COhistory →CL A2.45%$33M372.9K
3COKECOCA COLA CONS INChistory →COM2.26%$30M32.7K
4KDKYNDRYL HLDGS INChistory →COMMON STOCK2.16%$29M1.40M
5OKEONEOK INC NEWhistory →COM2.00%$27M383.2K
6KMIKINDER MORGAN INC DELhistory →COM1.86%$25M1.42M
7GPIGROUP 1 AUTOMOTIVE INChistory →COM1.83%$25M80.6K
8TRPTC ENERGY CORPhistory →COM1.82%$25M627.0K
9SFMSPROUTS FMRS MKT INChistory →COM1.79%$24M498.7K
10SRESEMPRAhistory →COM1.73%$23M310.4K
11EQTEQT CORPhistory →COM1.72%$23M598.9K
12LNGCHENIERE ENERGY INChistory →COM NEW1.70%$23M133.9K
13ATOATMOS ENERGY CORPhistory →COM1.70%$23M197.2K
14BRK/ABERKSHIRE HATHAWAY INC DELhistory →CL A1.70%$23M42
150E41ENLINK MIDSTREAM LLChistory →COM UNIT REP LTD1.69%$23M1.87M
16ENBENBRIDGE INChistory →COM1.68%$23M628.4K
17SOSOUTHERN COhistory →COM1.66%$22M317.9K
18PAGPEURPLAINS GP HLDGS L Phistory →LTD PARTNR INT A1.61%$22M1.35M
19PBFPBF ENERGY INChistory →CL A1.60%$21M489.0K
20OIIOCEANEERING INTL INChistory →COM1.56%$21M982.2K
21PCGPG&E CORPhistory →COM1.22%$16M906.5K
22WECWEC ENERGY GROUP INChistory →COM1.20%$16M192.3K
23DDOMINION ENERGY INChistory →COM1.11%$15M316.6K
24CNPCENTERPOINT ENERGY INChistory →COM1.01%$14M475.3K
25EDCONSOLIDATED EDISON INChistory →COM0.91%$12M133.8K
26PEGPUBLIC SVC ENTERPRISE GRP INChistory →COM0.85%$11M186.1K
27NINISOURCE INChistory →COM0.84%$11M423.7K
28NGGNATIONAL GRID PLChistory →SPONSORED ADR NE0.83%$11M164.2K
29DUKDUKE ENERGY CORP NEWhistory →COM NEW0.83%$11M114.6K
30IBMINTERNATIONAL BUSINESS MACHShistory →COM0.81%$11M66.7K
31CMSCMS ENERGY CORPhistory →COM0.77%$10M178.2K
32CSCOCISCO SYS INChistory →COM0.76%$10M202.3K
33JPMJPMORGAN CHASE & CO.COM0.73%$10M57.8K
34DTMDT MIDSTREAM INCCOMMON STOCK0.72%$10M176.2K
35CHVCHEVRON CORP NEWCOM0.70%$9M62.9K
36DOWDOW INCCOM0.70%$9M171.0K
37JBLJABIL INCCOM0.68%$9M71.6K
38BACVERIZON COMMUNICATIONS INCCOM0.67%$9M240.6K
39SMCIUSDSUPER MICRO COMPUTER INCCOM0.67%$9M31.8K
40ETENERGY TRANSFER L PCOM UT LTD PTN0.60%$8M585.5K
41WFCWELLS FARGO CO NEWCOM0.60%$8M163.6K
42PBRPETROLEO BRASILEIRO SA PETROBRSPONSORED ADR0.59%$8M496.4K
437HPHP INCCOM0.59%$8M262.0K
44EXMOCEXXON MOBIL CORPCOM0.57%$8M76.8K
45KOCOCA COLA COCOM0.54%$7M124.3K
46XELXCEL ENERGY INCCOM0.53%$7M115.8K
47EPDENTERPRISE PRODS PARTNERS L PCOM0.52%$7M266.4K
48CRCCANADIAN NAT RES LTDCOM0.52%$7M106.3K
49JNJJOHNSON & JOHNSONCOM0.51%$7M43.5K
50WTRGESSENTIAL UTILS INCCOM0.51%$7M182.3K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$2.8B278Apr 21, 202613F-HRchanges · EDGAR ↗
Q4 2025$2.8B283Jan 27, 202613F-HRchanges · EDGAR ↗
Q3 2025$2.9B281Oct 20, 202513F-HRchanges · EDGAR ↗
Q2 2025$3.0B340Jul 21, 202513F-HRchanges · EDGAR ↗
Q1 2025$3.0B295Apr 16, 202513F-HRchanges · EDGAR ↗
Q4 2024$3.4B306Jan 15, 202513F-HRchanges · EDGAR ↗
Q3 2024$3.1B300Oct 16, 202413F-HRchanges · EDGAR ↗
Q2 2024$2.6B300Jul 23, 202413F-HRchanges · EDGAR ↗
Q1 2024$2.4B287Apr 16, 202413F-HRchanges · EDGAR ↗
Q4 2023$1.3B218Jan 18, 202413F-HRchanges · EDGAR ↗
Q3 2023$1.4B225Oct 18, 202313F-HRchanges · EDGAR ↗
Q2 2023$1.4B225Jul 17, 202313F-HRchanges · EDGAR ↗
Q1 2023Under review230Apr 14, 202313F-HRchanges · EDGAR ↗
Q4 2022Under review263Jan 20, 202313F-HRchanges · EDGAR ↗
Q3 2022$1.4B271Nov 8, 202213F-HRchanges · EDGAR ↗
Q2 2022$1.7B283Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$1.9B295May 12, 202213F-HRchanges · EDGAR ↗
Q4 2021$1.8B272Jan 25, 202213F-HRchanges · EDGAR ↗
Q3 2021$1.7B269Oct 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$1.8B271Jul 28, 202113F-HRchanges · EDGAR ↗
Q1 2021$1.7B266Apr 19, 202113F-HRchanges · EDGAR ↗
Q4 2020$1.6B262Jan 25, 202113F-HRchanges · EDGAR ↗
Q3 2020$1.4B259Oct 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$1.4B258Jul 20, 202013F-HRchanges · EDGAR ↗
Q1 2020$1.3B268Apr 14, 202013F-HRchanges · EDGAR ↗
Q4 2019$2.0B281Jan 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$2.0B276Oct 7, 201913F-HRchanges · EDGAR ↗
Q2 2019$2.1B280Jul 11, 201913F-HRchanges · EDGAR ↗
Q1 2019$2.2B266Apr 8, 201913F-HRchanges · EDGAR ↗
Q4 2018$2.0B272Jan 14, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.