Hennessy Advisors Inc Q2 2023 vs. Q3 2023: A Comprehensive Analysis of Fund Holdings

Table of Contents:

1. Introduction

2. Key Findings

3. Technology Sector Dominates the Portfolio

4. Energy Stocks Show Significant Growth

5. Automobile and Retail Companies Make Their Mark

6. Conclusion

Introduction:

In the world of finance, staying updated with the latest investment trends and changes in portfolios is crucial for both investors and analysts. One way to gain insights into the investment strategies of various companies is by analyzing their 13F filings. In this article, we will focus on Hennessy Advisors Inc's Q2 2023 and Q3 2023 13F holdings comparison.

Key Findings:

1. Technology Sector Dominates the Portfolio:

One of the standout features of Hennessy Advisors Inc's portfolio is its significant exposure to the technology sector. The company's holdings in technology companies saw notable growth, with Super Micro Computer Inc (SMCI) leading the pack. Hennessy Advisors Inc increased its shares in SMCI by 61,500, resulting in a 40.9% increase in value.

2. Energy Stocks Show Significant Growth:

Another sector that witnessed substantial growth in Hennessy Advisors Inc's portfolio is energy. PBF Energy Inc (PBF) and Plains All Amern Pipeline L P Unit Ltd Partn (PAA) demonstrated impressive gains. The company increased its shares in PBF by 125,800, translating to a significant 69% increase in value. Its holdings in PAA also saw a 35.2% increase in value, with shares rising by 366,900.

3. Automobile and Retail Companies Make Their Mark:

Hennessy Advisors Inc's portfolio also includes notable holdings in automobile and retail companies. Penske Automotive Grp Inc (PAG) and Academy Sports & Outdoors Inc (ASO) showed substantial growth during the period. The company increased its shares in PAG by 36,400, resulting in a 29.2% increase in value. Its investment in ASO saw a 13.4% increase in value, with shares rising by 100,300.

4. Other Significant Changes:

In addition to the sectors mentioned above, Hennessy Advisors Inc made significant changes in holdings across various industries. One notable change was its reduced holdings in Kinder Morgan Inc (KMI), which saw a 9.2% decrease in value. The company also decreased its shares in Enbridge Inc (ENB) by 2.3%, and Berkshire Hathaway Inc - Class A (BRK-A) by 10.2%.

Conclusion:

Hennessy Advisors Inc's Q2 2023 vs. Q3 2023 13F holdings comparison reveals interesting insights into the company's investment strategy. The company demonstrated a strong focus on the technology sector, with substantial growth in its holdings. Energy stocks also made a significant impact on its portfolio, while automobile and retail companies added further diversity. As with any investment, it's essential to conduct thorough research and analysis before making any decisions. By staying informed about changes in fund holdings, investors and analysts can make more informed choices to optimize their investment strategies.