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Hennessy Advisors
HNNA

41 hedge funds and large institutions have $18.4M invested in Hennessy Advisors in 2017 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 12 increasing their positions, 13 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

8% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 13

2.07% less ownership

Funds ownership: 17.83% → 15.77% (-2.1%)

11% less funds holding

Funds holding: 46 → 41 (-5)

20% less capital invested

Capital invested by funds: $23.1M → $18.4M (-$4.65M)

33% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 15

Holders
41
Holders Change
-5
Holders Change %
-10.87%
% of All Funds
1.02%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
12
Reduced
13
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Millennium Management
Millennium Management
New York
+$828K
2
Legal & General Group
Legal & General Group
United Kingdom
+$776K
3
ZIM
ZPR Investment Management
Florida
+$390K
4
AWW
Alan W. Weber
+$315K
5
ECM
Element Capital Management
New York
+$314K

Top Sellers

1
BlackRock
BlackRock
New York
-$2.87M
2
State Street
State Street
Massachusetts
-$776K
3
Northern Trust
Northern Trust
Illinois
-$603K
4
GPGA
Grandeur Peak Global Advisors
Utah
-$361K
5
BCM
Bridgeway Capital Management
Texas
-$303K
Name Holding Trade Value Shares
Change 		Change in
Stake
Geode Capital Management
26
Geode Capital Management
Massachusetts
$159K -$125K -7,809 -43%
Citigroup
27
Citigroup
New York
$123K +$46.7K +2,909 +56%
MCIA
28
Mountain Capital Investment Advisors
Colorado
$110K +$116K +7,246 New
GPGA
29
Grandeur Peak Global Advisors
Utah
$88K -$361K -22,474 -79%
MM
30
Midas Management
New York
$68K – – –
OSAM
31
O'Shaughnessy Asset Management
Connecticut
$63K -$53.5K -3,332 -44%
AG
32
Advisor Group
Arizona
$52K +$55.3K +3,441 New
PAM
33
Panagora Asset Management
Massachusetts
$25K -$12.8K -795 -33%
Barclays
34
Barclays
United Kingdom
$22K +$21.7K +1,353 +1,128%
AIM
35
Acrospire Investment Management
Illinois
$21K +$15.4K +961 +223%
TRCT
36
Tower Research Capital (TRC)
New York
$11K +$10.7K +669 +999%
UBS Group
37
UBS Group
Switzerland
$10K +$1.64K +102 +19%
FTCM
38
First Trust Capital Management
Illinois
$3.25K +$3.44K +214 New
Bank of Montreal
39
Bank of Montreal
Ontario, Canada
$3K – – –
DA
40
Denali Advisors
California
$1K +$1.19K +74 New
BNP Paribas Financial Markets
41
BNP Paribas Financial Markets
France
$789 -$498 -31 -37%
State Street
42
State Street
Massachusetts
– -$776K -46,105 Closed
BCM
43
Bridgeway Capital Management
Texas
– -$303K -18,050 Closed
Bank of New York Mellon
44
Bank of New York Mellon
New York
– -$253K -15,084 Closed
SG Americas Securities
45
SG Americas Securities
New York
– -$234K -13,926 Closed
TCIM
46
TIAA CREF Investment Management
New York
– -$224K -13,318 Closed
California State Teachers Retirement System (CalSTRS)
47
California State Teachers Retirement System (CalSTRS)
California
– -$147K -8,722 Closed
SO
48
STRS Ohio
Ohio
– -$123K -7,350 Closed
TA
49
Teachers Advisors
New York
– -$95K -5,657 Closed
Creative Planning
50
Creative Planning
Kansas
– -$93K -5,535 Closed
1
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HNNA Hedge Fund Activity: Q2 2017 in Review

41 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Hennessy Advisors (HNNA) for Q2 2017, worth a combined $18.4M — down 20% from $23.1M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of HNNA and 10 opened new positions — a net loss of 5 holders — while 13 trimmed existing stakes and 12 added.

The largest buyer was Millennium Management, opening a new position worth an estimated $828K. The largest seller was BlackRock, cutting an estimated $2.87M.

  • 41 institutional investors held Hennessy Advisors (HNNA) as of Q2 2017, down from 46 in Q1 2017.
  • Funds reported $18.4M of Hennessy Advisors stock for Q2 2017, down 20% quarter-over-quarter.
  • 10 funds opened new Hennessy Advisors positions in Q2 2017 and 15 closed out, a net change of -5 holders.
  • The largest Hennessy Advisors buyer in Q2 2017 was Millennium Management, an estimated $828K added.
  • The largest Hennessy Advisors seller in Q2 2017 was BlackRock, an estimated $2.87M sold.

Based on aggregated 13F filings for Q2 2017.