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Last update 2022-05-12 296 Stocks (114 new)
Value $1.91 Bil Turnover 25 %
Portfolio Report


Hennessy Advisors Inc. is an investment management firm based out of Novato, California. The company was established in 1989 by Neil J. Hennessy, who remains with the company today acting as its President, Chairman, and CEO. The company launched its first mutual fund in 1996 and would acquire Cornerstone Value and Cornerstone Growth Funds in 2000 before having its IPO in 2002. The firm would continue to expand its business and offerings through acquisitions, merging with Lindner Asset Management and acquiring a wide variety of funds including SYM Select Growth, Henlopen, and other funds. Hennessy Advisors has grown from its inception to now have 19 employees of which 8 are investment professionals. The company conducts its research internally and invests in the growth stocks of companies in the public equity and fixed income markets on a global scale. Hennessy Advisors invests most heavily in the utilities and telecommunications sector, which alone makes up over a third of its total asset allocations, and also invests in the energy, finance, consumer discretionary, materials, health care, and industrials sectors, among others to a lesser degree, in order of decreasing allocation. None of the company’s holdings exceed 3% of its total asset allocations and the company has a relatively low turnover rate of 6.25%. Hennessy Advisors holds over $5.5 billion in total assets under management spread across 16 accounts, all of which are discretionary. Both of its total number of accounts and total assets under management have been increasing in recent years with its total managed assets growing significantly from $900 million back in 2010 to over 6 times that amount today. The company currently caters exclusively to investment companies. Hennessy Advisors offers a wide array of mutual funds including its Cornerstone Growth Fund, Large Value Fund, Technology Fund, Japan Fund, and Equity and Income Fund.
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