The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE

OMB APPROVAL
OMB Number: 3235-0006
Expires: July 31, 2015
Estimated average burden
hours per response: 23.8

Report for the Calendar Year or Quarter Ended: 12-31-2023
Check here if Amendment X Amendment Number: 1
This Amendment (Check only one.):    is a restatement.
X adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: HENNESSY ADVISORS INC
Address: 7250 REDWOOD BLVD.
SUITE 200
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: President and Chief Operating Officer
Phone: 415-899-1555
Signature, Place, and Date of Signing:
/s/ Teresa M. Nilsen NovatoCA 03-14-2024
[Signature] [City, State] [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: 84
Form 13F Information Table Value Total: 639,192,659
(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]
NONE

SEC FORM 13-F Information Table

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL
OMB Number: 3235-0006
Expires: July 31, 2015
Estimated average burden
hours per response: 23.8

COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
APPLIED INDL TECHNOLOGIES INC COM 03820C105 27,043,254 156,600 SH   SOLE   0 156,600 0
ATI INC COM 01741R102 3,510,284 77,200 SH   SOLE   0 77,200 0
ATLASSIAN CORPORATION CL A 049468101 136,056 572 SH   SOLE   0 572 0
BANK AMERICA CORP COM 060505104 7,585,851 225,300 SH   SOLE   0 225,300 0
BELDEN INC COM 077454106 2,858,250 37,000 SH   SOLE   0 37,000 0
BORGWARNER INC COM 099724106 2,294,400 64,000 SH   SOLE   0 64,000 0
BROADCOM INC COM 11135F101 152,926 137 SH   SOLE   0 137 0
CALIFORNIA RES CORP COM STOCK 13057Q305 20,712,784 378,800 SH   SOLE   0 378,800 0
CAMBRIDGE BANCORP COM 132152109 2,220,800 32,000 SH   SOLE   0 32,000 0
CARPENTER TECHNOLOGY CORP COM 144285103 27,406,680 387,100 SH   SOLE   0 387,100 0
CECO ENVIRONMENTAL CORP COM 125141101 4,153,344 204,800 SH   SOLE   0 204,800 0
CELLEBRITE DI LTD ORDINARY SHARES M2197Q107 131,112 15,140 SH   SOLE   0 15,140 0
CENCORA INC COM 03073E105 3,306,618 16,100 SH   SOLE   0 16,100 0
CHECK POINT SOFTWARE TECH LTD ORD M22465104 130,788 856 SH   SOLE   0 856 0
CHENIERE ENERGY PARTNERS LP COM UNIT 16411Q101 463,047 9,300 SH   SOLE   0 9,300 0
CINEMARK HLDGS INC COM 17243V102 16,000,604 1,135,600 SH   SOLE   0 1,135,600 0
COLUMBIA BKG SYS INC COM 197236102 1,867,600 70,000 SH   SOLE   0 70,000 0
COMCAST CORP NEW CL A 20030N101 5,827,665 132,900 SH   SOLE   0 132,900 0
COMFORT SYS USA INC COM 199908104 30,151,222 146,600 SH   SOLE   0 146,600 0
CONSOL ENERGY INC NEW COM 20854L108 20,809,710 207,000 SH   SOLE   0 207,000 0
DIME CMNTY BANCSHARES INC COM 25432X102 3,016,160 112,000 SH   SOLE   0 112,000 0
DISCOVER FINL SVCS COM 254709108 674,400 6,000 SH   SOLE   0 6,000 0
EMCOR GROUP INC COM 29084Q100 25,937,772 120,400 SH   SOLE   0 120,400 0
ENCORE WIRE CORP COM 292562105 3,503,040 16,400 SH   SOLE   0 16,400 0
EQUITRANS MIDSTREAM CORP COM 294600101 3,445,930 338,500 SH   SOLE   0 338,500 0
EXTREME NETWORKS COM 30226D106 81,620 4,627 SH   SOLE   0 4,627 0
FLOWSERVE CORP COM 34354P105 22,320,630 541,500 SH   SOLE   0 541,500 0
FLUOR CORP NEW COM 343412102 26,917,624 687,200 SH   SOLE   0 687,200 0
GRANITE CONSTR INC COM 387328107 3,814,500 75,000 SH   SOLE   0 75,000 0
GSK PLC SPONSORED ADR 37733W204 5,031,266 135,760 SH   SOLE   0 135,760 0
GUESS INC COM 401617105 23,062,306 1,000,100 SH   SOLE   0 1,000,100 0
HACKETT GROUP INC COM 404609109 109,842 4,824 SH   SOLE   0 4,824 0
HOMESTREET INC COM 43785V102 2,111,500 205,000 SH   SOLE   0 205,000 0
HUNT J B TRANS SVCS INC COM 445658107 2,696,490 13,500 SH   SOLE   0 13,500 0
INFOSYS LTD SPONSORED ADR 456788108 123,220 6,704 SH   SOLE   0 6,704 0
LIBERTY ENERGY INC COM CL A 53115L104 21,278,220 1,173,000 SH   SOLE   0 1,173,000 0
MACOM TECH SOLUTIONS HLDGS INC COM 55405Y100 129,293 1,391 SH   SOLE   0 1,391 0
MARATHON OIL CORP COM 565849106 623,328 25,800 SH   SOLE   0 25,800 0
MATERION CORP COM 576690101 3,695,692 28,400 SH   SOLE   0 28,400 0
MEDTRONIC PLC SHS G5960L103 5,074,608 61,600 SH   SOLE   0 61,600 0
MICROCHIP TECHNOLOGY INC. COM 595017104 131,482 1,458 SH   SOLE   0 1,458 0
MIDLAND STATES BANCORP INC COM 597742105 3,031,600 110,000 SH   SOLE   0 110,000 0
MILLERKNOLL INC COM 600544100 23,342,332 874,900 SH   SOLE   0 874,900 0
MODINE MFG CO COM 607828100 35,414,040 593,200 SH   SOLE   0 593,200 0
MOSAIC CO NEW COM 61945C103 1,893,690 53,000 SH   SOLE   0 53,000 0
MOTOROLA SOLUTIONS INC COM NEW 620076307 131,498 420 SH   SOLE   0 420 0
MSC INDL DIRECT INC CL A 553530106 21,649,388 213,800 SH   SOLE   0 213,800 0
NCR ATLEOS CORPORATION COM SHS 63001N106 9,799,801 403,450 SH   SOLE   0 403,450 0
NCR VOYIX CORPORATION COM 62886E108 14,170,580 838,000 SH   SOLE   0 838,000 0
NORTHWESTERN ENERGY GROUP INC COM NEW 668074305 982,075 19,298 SH   SOLE   0 19,298 0
NXP SEMICONDUCTORS N V COM N6596X109 131,377 572 SH   SOLE   0 572 0
O-I GLASS INC COM 67098H104 2,324,322 141,900 SH   SOLE   0 141,900 0
OIL STS INTL INC COM 678026105 2,290,267 337,300 SH   SOLE   0 337,300 0
ORANGE CNTY BANCORP INC COM 68417L107 843,360 14,000 SH   SOLE   0 14,000 0
OSHKOSH CORP COM 688239201 23,926,087 220,700 SH   SOLE   0 220,700 0
OVINTIV INC COM 69047Q102 2,477,088 56,400 SH   SOLE   0 56,400 0
OXFORD INDS INC COM 691497309 2,780,000 27,800 SH   SOLE   0 27,800 0
PAR PAC HOLDINGS INC COM NEW 69888T207 26,128,208 718,400 SH   SOLE   0 718,400 0
PARSONS CORP DEL COM 70202L102 24,061,827 383,700 SH   SOLE   0 383,700 0
PHINIA INC COMMON STOCK 71880K101 387,712 12,800 SH   SOLE   0 12,800 0
PRINCIPAL FINANCIAL GROUP INC COM 74251V102 2,273,563 28,900 SH   SOLE   0 28,900 0
PURE STORAGE INC CL A 74624M102 113,684 3,188 SH   SOLE   0 3,188 0
SERVICE PROPERTY TRUST COM SH BEN INT 81761L102 2,484,286 290,900 SH   SOLE   0 290,900 0
SHELL PLC SPON ADS 780259305 5,619,320 85,400 SH   SOLE   0 85,400 0
STERLING INFRASTRUCTURE INC COM 859241101 32,156,001 365,700 SH   SOLE   0 365,700 0
STONEX GROUP INC COM 861896108 3,377,723 45,750 SH   SOLE   0 45,750 0
SYNCHRONY FINANCIAL COM 87165B103 496,470 13,000 SH   SOLE   0 13,000 0
TEEKAY CORPORATION COM Y8564W103 3,672,955 513,700 SH   SOLE   0 513,700 0
TELEFONAKTIEBOLAGET LM ERICSS ADR B SEK 10 294821608 151,691 24,078 SH   SOLE   0 24,078 0
TEREX CORP NEW COM 880779103 3,102,840 54,000 SH   SOLE   0 54,000 0
TSAKOS ENERGY NAVIGATION LTD SHS G9108L173 2,941,928 132,400 SH   SOLE   0 132,400 0
UNITED MICROELECTRONICS CORP SPON ADR NEW 910873405 137,238 16,222 SH   SOLE   0 16,222 0
UNUM GROUP COM 91529Y106 3,328,192 73,600 SH   SOLE   0 73,600 0
VALERO ENERGY CORP COM 91913Y100 5,973,500 45,950 SH   SOLE   0 45,950 0
VALLEY NATL BANCORP COM 919794107 1,574,700 145,000 SH   SOLE   0 145,000 0
VERTEX ENERGY INC COM 92534K107 1,091,919 322,100 SH   SOLE   0 322,100 0
VISTEON CORP COM NEW 92839U206 2,335,630 18,700 SH   SOLE   0 18,700 0
WABASH NATL CORP COM 929566107 3,010,350 117,500 SH   SOLE   0 117,500 0
WAFD INC COM 938824109 3,296,000 100,000 SH   SOLE   0 100,000 0
WEATHERFORD INTL PLC ORD SHS G48833118 4,686,057 47,900 SH   SOLE   0 47,900 0
WEBSTER FINL CORP COM 947890109 1,624,320 32,000 SH   SOLE   0 32,000 0
XPO INC COM 983793100 24,665,344 281,600 SH   SOLE   0 281,600 0
YPF SOCIEDAD ANONIMA SPON ADR CL D 984245100 4,649,895 270,500 SH   SOLE   0 270,500 0
ZIFF DAVIS INC COM 48123V102 121,883 1,814 SH   SOLE   0 1,814 0