SecurityHFC / HollyFrontier Corp.
InstitutionHennessy Advisors Inc
Shares745,400
Value $ 36,420,000
Related 35914PAK1 / Frontier Oil 6.875% 11/15/18
435758AD9 / Holly Corp Senior Notes 9.875% 06/15/2017

Hennessy Advisors Inc reports 3.87% increase in ownership of HFC / HollyFrontier Corp.

May 02, 2018 - Hennessy Advisors Inc has filed a 13F-HR form disclosing ownership of 745,400 shares of HollyFrontier Corp. (NYSE:HFC) with total holdings valued at $36,420,000 USD as of March 31, 2018. Hennessy Advisors Inc had filed a previous 13F-HR on January 23, 2018 disclosing 717,600 shares of HollyFrontier Corp. at a value of $36,755,000 USD. This represents a change in shares of 3.87 percent and a change in value of -0.91 percent during the quarter.

Other investors with positions similar to Hennessy Advisors Inc include Mackay Shields Llc, Cornerstone Capital Management Holdings Llc., Deutsche Bank Ag\, BlackRock Investment Management, LLC, Nuveen Asset Management, LLC, and Ubs Asset Management Americas Inc.

HollyFrontier Corp. has declared a standard industrial code (sic) of 2911 which is the "Petroleum Refining" industry. Hennessy Advisors Inc's top industries are "Miscellaneous Manufacturing Industries" (sic 39), "Automotive Dealers And Gasoline Service Stations" (sic 55), and "Railroad Transportation" (sic 40).

13F Filings

The Security, Class, and CUSIP columns in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names and cusips.

In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

Effective
Date
Form Security Class CUSIP Share
Price
Shares Change
(%)
Value
(x1000)
Change
(%)
Cost
(x1000)
Profit
(x1000)
Return
(%)
2018-03-31 13F-HR HOLLYFRONTIER COM 436106108 50.04 745,400 3.87 36,420 -0.91 1,391 -1,726 -4.70
2017-12-31 13F-HR HOLLYFRONTIER COM 436106108 717,600 36,755
2016-03-31 13F-HR HOLLYFRONTIER COM 436106108 0 0
2015-09-30 13F-HR HOLLYFRONTIER COM 436106108 0 0
2015-03-31 13F-HR HOLLYFRONTIER COM 436106108 0 -100.00 0 -100.00
2014-12-31 13F-HR HOLLYFRONTIER COM 436106108 40.58 44,500 0.00 1,668 -14.20 0 -276 -14.20
2014-09-30 13F-HR HOLLYFRONTIER COM 436106108 43.69 44,500 -2.20 1,944 -2.21 -44 -0 -0.02
2014-06-30 13F-HR HOLLYFRONTIER COM 436106108 45,500 1,988


CUSIP: 436106108