Hennessy Advisors Inc Q3 2023 vs. Q4 2023 13F Holdings Comparison

In the ever-changing world of investments, it is crucial for investors to stay updated on the latest shifts in holdings. Hennessy Advisors Inc has recently released its Q3 2023 and Q4 2023 13F holdings, and the comparison between the two quarters reveals some interesting changes. Let's take a closer look at the trends and analyze what this means for the company and its investors.

GAP INC (GPS)

In Q4 2023, Hennessy Advisors Inc increased its holdings in GAP INC from 0 shares to 2,020,600 shares. The value of the holdings also increased significantly from $0 to $42,250,000. This indicates a bullish stance on the company's prospects for the future.

ABERCROMBIE & FITCH CO (ANF)

Hennessy Advisors Inc also showed confidence in ABERCROMBIE & FITCH CO, increasing its holdings from 0 shares to 372,900 shares in Q4 2023. The value of the holdings amounted to $32,897,000, marking a significant boost compared to the previous quarter.

COCA COLA CONS INC (COKE)

Similarly, Hennessy Advisors Inc increased its holdings in COCA COLA CONS INC from 0 shares to 32,656 shares in Q4 2023. The value of the holdings stood at $30,317,000, indicating a positive outlook on the company's performance.

KYNDRYL HLDGS INC (KD)

In terms of KYNDRYL HLDGS INC, Hennessy Advisors Inc significantly increased its holdings from 0 shares to 1,395,200 shares in Q4 2023. The value of the holdings amounted to $28,992,000, showcasing a strong belief in the company's potential.

ONEOK INC NEW (OKE)

While many companies saw increases in holdings, ONEOK INC NEW experienced a slight decrease in Hennessy Advisors Inc's position. The holdings dropped from 409,746 shares to 383,245 shares in Q4 2023, representing a 3.5% decrease. However, the value of the holdings remained relatively stable at $25,990,000 versus $26,911,000 in the previous quarter.

KINDER MORGAN INC DEL (KMI)

Similarly, Kinder Morgan Inc Del experienced a minor decrease in Hennessy Advisors Inc's holdings. The company reduced its holdings from 1,510,491 shares to 1,416,391 shares, resulting in a 0.2% decrease. The value of the holdings remained relatively unchanged at $25,043,000 compared to $24,985,000 in the previous quarter.

GROUP 1 AUTOMOTIVE INC (GPI)

Hennessy Advisors Inc increased its holdings in GROUP 1 AUTOMOTIVE INC from 0 shares to 80,600 shares in Q4 2023. The value of the holdings amounted to $24,562,000, indicating a positive sentiment towards the company.

TC ENERGY CORP (TRP.TO)

Hennessy Advisors Inc also demonstrated confidence in TC ENERGY CORP by increasing its holdings from 679,200 shares to 627,000 shares in Q4 2023. The value of the holdings soared from $23,371,000 to $24,509,000, signifying a favorable outlook on the company's future prospects.

SPROUTS FMRS MKT INC (SFM)

In Q4 2023, Hennessy Advisors Inc increased its holdings in SPROUTS FMRS MKT INC from 0 shares to 498,700 shares. The value of the holdings amounted to $23,992,000, suggesting a positive bet on the company's growth potential.

SEMPRA (SRE)

Hennessy Advisors Inc demonstrated confidence in SEMPRA by increasing its holdings from 318,980 shares to 310,380 shares in Q4 2023. The value of the holdings stood at $21,700,000, showcasing a positive sentiment towards the company's performance.

EQT CORP (EQT)

Conversely, Hennessy Advisors Inc reduced its holdings in EQT CORP from 606,100 shares to 598,900 shares in Q4 2023. The value of the holdings decreased from $24,595,000 to $23,153,000, indicating a slight decrease in confidence.

These are just a few highlights from Hennessy Advisors Inc's Q3 2023 and Q4 2023 13F holdings comparison. It is important for investors to analyze these changes and gauge their implications on the overall investment strategy. The shifts in holdings reflect the evolving market dynamics, and by staying informed, investors can make more informed decisions.

Disclaimer: This article is for informational purposes only and should not be considered financial advice. The mentioned holdings are subject to market fluctuations, and investors should conduct their own research before making investment decisions.