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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 2003
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Hennessy Advisors, Inc.
Address: The Courtyard Square
750 Grant Avenue
Suite 100
Novato, CA 94945
Form 13F File Number: 028-06715
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Teresa M. Nilsen
Title: Executive Vice President and Chief Financial Officer
Phone: (415) 899-1555
Signature, Place, and Date of Signing:
/s/ Teresa M. Nilsen Novato, CA 7/21/03
--------------------------------------------------------------------------------
Teresa M. Nilsen Date
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all
holdings are reported by other reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported by
other reporting manager(s).)
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
---------
Form 13F Information Table Entry Total: 111
---------
Form 13F Information Table Value Total: $ 643,654
---------
(thousands)
List of Other Included Managers: NONE
Provide a numbered list of the name(s) and Form 13F file numbers(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
Page 1 of 5
FORM 13F INFORMATION TABLE
Name of Reporting Manager: Hennessy Funds
Column 1: Column 2: Column 3: Column 4: Column 5: Column 6: Column 7: Column 8:
------------------------------------------------------------------------------------------------------------------------------------
Title Market
of CUSIP Value Shares or Other
Name of Issuer Class Number (x$1,000) Principal Amount Investment Discretion Managers Voting Authority
------------------------------------------------------------------------------------------------------------------------------------
SH/ Put/ Shared- Shared-
PRN Call Sole Defined Other Sole Shared None
------------------------------------------------------------------------------------------------------------------------------------
FLAGSTAR BANCORP INC COM 337930101 22,795 932,300 SH SOLE 932,300
------------------------------------------------------------------------------------------------------------------------------------
PACIFICARE HEALTH SYS COM 695112102 18,060 366,100 SH SOLE 366,100
------------------------------------------------------------------------------------------------------------------------------------
AVID TECHNOLOGY INC COM 05367P100 16,626 470,600 SH SOLE 470,600
------------------------------------------------------------------------------------------------------------------------------------
SELECT COMFORT CORP COM 81616X103 15,043 915,000 SH SOLE 915,000
------------------------------------------------------------------------------------------------------------------------------------
AETNA INC COM 00817Y108 14,448 240,000 SH SOLE 240,000
------------------------------------------------------------------------------------------------------------------------------------
RENT-A-CENTER INC COM 76009N100 14,343 189,200 SH SOLE 189,200
------------------------------------------------------------------------------------------------------------------------------------
CHICAGO BRIDGE &
IRON CO ADR 167250109 14,311 631,000 SH SOLE 631,000
------------------------------------------------------------------------------------------------------------------------------------
NAM TAI ELECTRONICS ADR 629865205 14,187 334,600 SH SOLE 334,600
------------------------------------------------------------------------------------------------------------------------------------
WESTERN DIGITAL CORP COM 958102105 14,037 1,362,800 SH SOLE 1,362,800
------------------------------------------------------------------------------------------------------------------------------------
HUNT (JB) TRANSPRT
SVCS INC COM 445658107 13,609 357,200 SH SOLE 357,200
------------------------------------------------------------------------------------------------------------------------------------
LANDAMERICA FINANCIAL
GP COM 514936103 13,333 280,700 SH SOLE 280,700
------------------------------------------------------------------------------------------------------------------------------------
HARMAN INTERNATIONAL
INDS COM 413086109 13,272 167,700 SH SOLE 167,700
------------------------------------------------------------------------------------------------------------------------------------
UGI CORP COM 902681105 13,201 416,450 SH SOLE 416,450
------------------------------------------------------------------------------------------------------------------------------------
AMERICAN GREETINGS
-CL A COM 026375105 12,941 658,900 SH SOLE 658,900
------------------------------------------------------------------------------------------------------------------------------------
PACIFIC SUNWEAR CALIF
INC COM 694873100 12,856 533,900 SH SOLE 533,900
------------------------------------------------------------------------------------------------------------------------------------
TORO CO COM 891092108 12,752 320,800 SH SOLE 320,800
------------------------------------------------------------------------------------------------------------------------------------
QUIKSILVER INC COM 74838C106 12,381 750,800 SH SOLE 750,800
------------------------------------------------------------------------------------------------------------------------------------
NVR INC COM 62944T105 12,289 29,900 SH SOLE 29,900
------------------------------------------------------------------------------------------------------------------------------------
FOSSIL INC COM 349882100 12,140 515,300 SH SOLE 515,300
------------------------------------------------------------------------------------------------------------------------------------
CENTRAL GARDEN &
PET CO COM 153527106 12,080 502,500 SH SOLE 502,500
------------------------------------------------------------------------------------------------------------------------------------
ENGINEERED SUPPORT
SYSTEMS COM 292866100 11,964 286,900 SH SOLE 286,900
------------------------------------------------------------------------------------------------------------------------------------
VARCO INTERNATIONAL
INC COM 922122106 11,942 609,300 SH SOLE 609,300
------------------------------------------------------------------------------------------------------------------------------------
FIRST AMERICAN CORP/CA COM 318522307 11,755 446,100 SH SOLE 446,100
------------------------------------------------------------------------------------------------------------------------------------
FIDELITY NATIONAL
FINL INC COM 316326107 11,578 376,400 SH SOLE 376,400
------------------------------------------------------------------------------------------------------------------------------------
Page 2 of 5
FORM 13F INFORMATION TABLE
Name of Reporting Manager: Hennessy Funds
Column 1: Column 2: Column 3: Column 4: Column 5: Column 6: Column 7: Column 8:
------------------------------------------------------------------------------------------------------------------------------------
Title Market
of CUSIP Value Shares or Other
Name of Issuer Class Number (x$1,000) Principal Amount Investment Discretion Managers Voting Authority
------------------------------------------------------------------------------------------------------------------------------------
SH/ Put/ Shared- Shared-
PRN Call Sole Defined Other Sole Shared None
------------------------------------------------------------------------------------------------------------------------------------
TRACTOR SUPPLY CO COM 892356106 11,513 243,100 SH SOLE 243,100
------------------------------------------------------------------------------------------------------------------------------------
CLARCOR INC COM 179895107 11,403 295,800 SH SOLE 295,800
------------------------------------------------------------------------------------------------------------------------------------
JACOBS ENGINEERING
GROUP INC COM 469814107 11,351 269,300 SH SOLE 269,300
------------------------------------------------------------------------------------------------------------------------------------
ROCKWELL AUTOMATION COM 773903109 11,316 474,672 SH SOLE 474,672
------------------------------------------------------------------------------------------------------------------------------------
NBTY INC COM 628782104 11,303 537,200 SH SOLE 537,200
------------------------------------------------------------------------------------------------------------------------------------
BUNGE LTD COM sedol - 11,260 393,700 SH SOLE 393,700
2788713
------------------------------------------------------------------------------------------------------------------------------------
LANDSTAR SYSTEM INC COM 515098101 11,161 178,400 SH SOLE 178,400
------------------------------------------------------------------------------------------------------------------------------------
EGL INC COM 268484102 11,025 725,300 SH SOLE 725,300
------------------------------------------------------------------------------------------------------------------------------------
OLD DOMINION FREIGHT COM 679580100 10,976 513,150 SH SOLE 513,150
------------------------------------------------------------------------------------------------------------------------------------
JARDEN CORP COM 471109108 10,938 395,300 SH SOLE 395,300
------------------------------------------------------------------------------------------------------------------------------------
CARLISLE COS INC COM 142339100 10,561 250,500 SH SOLE 250,500
------------------------------------------------------------------------------------------------------------------------------------
ROLLINS INC COM 775711104 10,455 554,650 SH SOLE 554,650
------------------------------------------------------------------------------------------------------------------------------------
Hennessy Advisors Inc COM 425885100 10,327 860,562 SH SOLE 860,562
------------------------------------------------------------------------------------------------------------------------------------
ALBEMARLE CORP COM 012653101 9,963 356,200 SH SOLE 356,200
------------------------------------------------------------------------------------------------------------------------------------
SENSIENT TECHNOLOGIES
CORP COM 81725T100 9,950 432,800 SH SOLE 432,800
------------------------------------------------------------------------------------------------------------------------------------
IMATION CORP COM 45245A107 9,897 261,700 SH SOLE 261,700
------------------------------------------------------------------------------------------------------------------------------------
WHOLE FOODS MARKET INC COM 966837106 9,677 203,600 SH SOLE 203,600
------------------------------------------------------------------------------------------------------------------------------------
AMETEK INC COM 031100100 9,632 262,800 SH SOLE 262,800
------------------------------------------------------------------------------------------------------------------------------------
ROSS STORES INC COM 778296103 9,494 221,000 SH SOLE 221,000
------------------------------------------------------------------------------------------------------------------------------------
PACTIV CORP COM 695257105 9,130 463,200 SH SOLE 463,200
------------------------------------------------------------------------------------------------------------------------------------
BALL CORP COM 058498106 9,097 199,900 SH SOLE 199,900
------------------------------------------------------------------------------------------------------------------------------------
BENCHMARK ELECTRONICS
INC COM 08160H101 9,025 293,400 SH SOLE 293,400
------------------------------------------------------------------------------------------------------------------------------------
DOLLAR THRIFTY
AUTOMOTIVE GP COM 256743105 9,025 486,500 SH SOLE 486,500
------------------------------------------------------------------------------------------------------------------------------------
TIMKEN CO COM 887389104 8,997 513,800 SH SOLE 513,800
------------------------------------------------------------------------------------------------------------------------------------
Page 3 of 5
FORM 13F INFORMATION TABLE
Name of Reporting Manager: Hennessy Funds
Column 1: Column 2: Column 3: Column 4: Column 5: Column 6: Column 7: Column 8:
------------------------------------------------------------------------------------------------------------------------------------
Title Market
of CUSIP Value Shares or Other
Name of Issuer Class Number (x$1,000) Principal Amount Investment Discretion Managers Voting Authority
------------------------------------------------------------------------------------------------------------------------------------
SH/ Put/ Shared- Shared-
PRN Call Sole Defined Other Sole Shared None
------------------------------------------------------------------------------------------------------------------------------------
SAKS INC COM 79377W108 8,646 891,300 SH SOLE 891,300
------------------------------------------------------------------------------------------------------------------------------------
COCA-COLA BTLNG CONS COM 191098102 8,163 149,500 SH SOLE 149,500
------------------------------------------------------------------------------------------------------------------------------------
COORS (ADOLPH) -CL B COM 217016104 7,989 163,100 SH SOLE 163,100
------------------------------------------------------------------------------------------------------------------------------------
SBC COMMUNICATIONS INC COM 78387G103 2,076 81,246 SH SOLE 81,246
------------------------------------------------------------------------------------------------------------------------------------
INTERNATIONAL PAPER CO COM 460146103 1,691 49,424 SH SOLE 49,424
------------------------------------------------------------------------------------------------------------------------------------
DU PONT (E I) DE
NEMOURS COM 263534109 1,625 39,035 SH SOLE 39,035
------------------------------------------------------------------------------------------------------------------------------------
GENERAL MOTORS CORP COM 370442105 1,549 43,026 SH SOLE 43,026
------------------------------------------------------------------------------------------------------------------------------------
EMERSON ELECTRIC CO COM 291011104 1,529 29,920 SH SOLE 29,920
------------------------------------------------------------------------------------------------------------------------------------
CATERPILLAR INC COM 149123101 1,508 27,093 SH SOLE 27,093
------------------------------------------------------------------------------------------------------------------------------------
MERCK & CO., INC. COM 589331107 1,396 30,592 SH SOLE 30,592
------------------------------------------------------------------------------------------------------------------------------------
EASTMAN KODAK CO COM 277461109 1,377 50,350 SH SOLE 50,350
------------------------------------------------------------------------------------------------------------------------------------
BANK of AMERICA CORP COM 060505104 1,313 16,612 SH SOLE 16,612
------------------------------------------------------------------------------------------------------------------------------------
HONEYWELL
INTERNATIONAL INC COM 438516106 1,149 36,351 SH SOLE 36,351
------------------------------------------------------------------------------------------------------------------------------------
3M Co COM 88579Y101 1,096 40,050 SH SOLE 40,050
------------------------------------------------------------------------------------------------------------------------------------
CHEVRONTEXACO CORP COM 166764100 1,092 15,119 SH SOLE 15,119
------------------------------------------------------------------------------------------------------------------------------------
VERIZON COMMUNICATIONS COM 92343V104 1,046 26,513 SH SOLE 26,513
------------------------------------------------------------------------------------------------------------------------------------
GENERAL ELECTRIC CO. COM 369604103 1,036 36,116 SH SOLE 36,116
------------------------------------------------------------------------------------------------------------------------------------
Altria Group Inc COM 02209S103 1,008 19,302 SH SOLE 19,302
------------------------------------------------------------------------------------------------------------------------------------
Wells Fargo & Co New COM 949746101 942 18,690 SH SOLE 18,690
------------------------------------------------------------------------------------------------------------------------------------
BP PLC -ADS ADR 055622104 742 17,668 SH SOLE 17,668
------------------------------------------------------------------------------------------------------------------------------------
A T & T CORP COM 001957505 708 36,802 SH SOLE 36,802
------------------------------------------------------------------------------------------------------------------------------------
EXXON MOBIL CORPORATION COM 30231G102 704 19,609 SH SOLE 19,609
------------------------------------------------------------------------------------------------------------------------------------
J P MORGAN CHASE & CO COM 46625H100 599 17,520 SH SOLE 17,520
------------------------------------------------------------------------------------------------------------------------------------
Westamerica Bancorp COM 957090103 544 12,632 SH SOLE 12,632
------------------------------------------------------------------------------------------------------------------------------------
Page 4 of 5
FORM 13F INFORMATION TABLE
Name of Reporting Manager: Hennessy Funds
Column 1: Column 2: Column 3: Column 4: Column 5: Column 6: Column 7: Column 8:
------------------------------------------------------------------------------------------------------------------------------------
Title Market
of CUSIP Value Shares or Other
Name of Issuer Class Number (x$1,000) Principal Amount Investment Discretion Managers Voting Authority
------------------------------------------------------------------------------------------------------------------------------------
SH/ Put/ Shared- Shared-
PRN Call Sole Defined Other Sole Shared None
------------------------------------------------------------------------------------------------------------------------------------
ELECTRONIC DATA
SYSTEMS CORP COM 285661104 457 21,300 SH SOLE 21,300
------------------------------------------------------------------------------------------------------------------------------------
SEARS ROEBUCK & CO COM 812387108 454 13,500 SH SOLE 13,500
------------------------------------------------------------------------------------------------------------------------------------
AON CORP COM 037389103 450 18,700 SH SOLE 18,700
------------------------------------------------------------------------------------------------------------------------------------
BCE INC ADR 05534B109 441 19,100 SH SOLE 19,100
------------------------------------------------------------------------------------------------------------------------------------
MARATHON OIL CORP COM 565849106 435 16,500 SH SOLE 16,500
------------------------------------------------------------------------------------------------------------------------------------
OCCIDENTAL PETROLEUM
CORP COM 674599105 429 12,800 SH SOLE 12,800
------------------------------------------------------------------------------------------------------------------------------------
NATIONAL CITY CORP COM 635405103 422 12,900 SH SOLE 12,900
------------------------------------------------------------------------------------------------------------------------------------
PNC FINANCIAL SVCS
GROUP INC COM 693475105 420 8,600 SH SOLE 8,600
------------------------------------------------------------------------------------------------------------------------------------
WASHINGTON MUTUAL INC COM 939322103 419 10,150 SH SOLE 10,150
------------------------------------------------------------------------------------------------------------------------------------
SPRINT FON GROUP COM 852061100 419 29,107 SH SOLE 29,107
------------------------------------------------------------------------------------------------------------------------------------
FLEETBOSTON FINANCIAL
CORP COM 339030108 419 14,100 SH SOLE 14,100
------------------------------------------------------------------------------------------------------------------------------------
ROYAL DUTCH PETROLEUM
-ADR ADR 780257804 418 8,972 SH SOLE 8,972
------------------------------------------------------------------------------------------------------------------------------------
FORD MOTOR CO COM 345370860 412 37,446 SH SOLE 37,446
------------------------------------------------------------------------------------------------------------------------------------
AMSOUTH BANCORPORATION COM 032165102 406 18,600 SH SOLE 18,600
------------------------------------------------------------------------------------------------------------------------------------
U S BANCORP COM 902973304 406 16,575 SH SOLE 16,575
------------------------------------------------------------------------------------------------------------------------------------
DOW CHEMICAL COM 260543103 406 13,100 SH SOLE 13,100
------------------------------------------------------------------------------------------------------------------------------------
WEYERHAEUSER CO COM 962166104 405 7,500 SH SOLE 7,500
------------------------------------------------------------------------------------------------------------------------------------
PITNEY BOWES INC COM 724479100 396 10,300 SH SOLE 10,300
------------------------------------------------------------------------------------------------------------------------------------
GLAXOSMITHKLINE PLC
-SP ADR ADR 37733W105 385 9,500 SH SOLE 9,500
------------------------------------------------------------------------------------------------------------------------------------
UNION PLANTERS CORP COM 908068109 385 12,400 SH SOLE 12,400
------------------------------------------------------------------------------------------------------------------------------------
CONOCOPHILLIPS COM 20825C104 384 7,000 SH SOLE 7,000
------------------------------------------------------------------------------------------------------------------------------------
MEADWESTVACO CORP COM 583334107 380 15,400 SH SOLE 15,400
------------------------------------------------------------------------------------------------------------------------------------
HSBC HLDGS PLC
-SPON ADR ADR 404280406 377 6,385 SH SOLE 6,385
------------------------------------------------------------------------------------------------------------------------------------
AEGON NV ADR 007924103 374 37,220 SH SOLE 37,220
------------------------------------------------------------------------------------------------------------------------------------
Page 5 of 5
FORM 13F INFORMATION TABLE
Name of Reporting Manager: Hennessy Funds
Column 1: Column 2: Column 3: Column 4: Column 5: Column 6: Column 7: Column 8:
------------------------------------------------------------------------------------------------------------------------------------
Title Market
of CUSIP Value Shares or Other
Name of Issuer Class Number (x$1,000) Principal Amount Investment Discretion Managers Voting Authority
------------------------------------------------------------------------------------------------------------------------------------
SH/ Put/ Shared- Shared-
PRN Call Sole Defined Other Sole Shared None
------------------------------------------------------------------------------------------------------------------------------------
DELPHI CORP COM 247126105 373 43,266 SH SOLE 43,266
------------------------------------------------------------------------------------------------------------------------------------
SHELL TRAN&TRADE -ADR ADR 822703609 371 9,300 SH SOLE 9,300
------------------------------------------------------------------------------------------------------------------------------------
CEMEX S A -ADR ADR 151290889 366 16,435 SH SOLE 16,435
------------------------------------------------------------------------------------------------------------------------------------
BRISTOL MYERS SQUIBB COM 110122108 364 13,400 SH SOLE 13,400
------------------------------------------------------------------------------------------------------------------------------------
KELLOGG CO COM 487836108 361 10,500 SH SOLE 10,500
------------------------------------------------------------------------------------------------------------------------------------
REGIONS FINL CORP COM 758940100 355 10,500 SH SOLE 10,500
------------------------------------------------------------------------------------------------------------------------------------
CONAGRA FOODS INC COM 205887102 340 14,400 SH SOLE 14,400
------------------------------------------------------------------------------------------------------------------------------------
MAY DEPARTMENT
STORES CO COM 577778103 334 15,000 SH SOLE 15,000
------------------------------------------------------------------------------------------------------------------------------------
HEINZ (H J) CO COM 423074103 333 10,100 SH SOLE 10,100
------------------------------------------------------------------------------------------------------------------------------------
ALCOA INC COM 013817101 327 12,825 SH SOLE 12,825
------------------------------------------------------------------------------------------------------------------------------------
BB&T CORP COM 054937107 319 9,300 SH SOLE 9,300
------------------------------------------------------------------------------------------------------------------------------------
ALBERTSONS INC COM 013104104 303 15,800 SH SOLE 15,800
------------------------------------------------------------------------------------------------------------------------------------
UNUMPROVIDENT CORP COM 91529Y106 280 20,900 SH SOLE 20,900
------------------------------------------------------------------------------------------------------------------------------------
Bellsouth Corporation COM 079860102 245 9,200 SH SOLE 9,200
------------------------------------------------------------------------------------------------------------------------------------
Charles Schwab Corp COM 808513105 137 13,613 SH SOLE 13,613
------------------------------------------------------------------------------------------------------------------------------------
TOTAL 643,654