DENALI ADVISORS LLC

CIK

1142941

Location

SAN DIEGO, CA

Portfolio Value

Small $859,280,046

Diversification

Diversified

Filing Date

Global Rank

#1,666 / 8,232 ▲ 137

Top Industry

Banks - Regional 9.0%

3Y Alpha vs SPY

-4.0%

Period ended 2 months ago

Filed May 8, 2026 · 37d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+59.5%

SPY

+76.3%

Annualised alpha

-4.0%

Max drawdown

−21.5%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

295 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

4.4%

−0.3 pts

Top 5

14.5%

−1.9 pts

Top 10

20.5%

−2.1 pts

HHI

101

Diversified−10

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	24.9%	$214,249,844	81
Technology	19.6%	$168,441,999	34
Consumer Cyclical	11.3%	$96,792,869	29
Industrials	8.6%	$74,093,771	32
Consumer Defensive	7.0%	$60,184,365	17
Energy	6.8%	$58,595,422	25
Healthcare	5.6%	$48,130,468	23
Basic Materials	5.3%	$45,518,588	22
Communication Services	5.3%	$45,363,570	10
Real Estate	4.6%	$39,363,116	18
Utilities	1.0%	$8,546,034	4

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
PLTK	Playtika Holding Corp.	+316,000	1,428,314	$3,970,712
SAFE	Safehold Inc.	+217,700	309,600	$4,188,888
HG	Hamilton Insurance Group, Ltd.	+195,500	250,800	$7,481,364
WS	Worthington Steel, Inc.	+131,715	199,415	$6,052,245
GBX	Greenbrier Companies Inc	+109,741	131,941	$6,946,693
OTF	Blue Owl Technology Finance Corp.	+80,162	188,540	$2,336,010
DFH	Dream Finders Homes, Inc.	+78,263	338,282	$4,708,885
SIGA	Siga Technologies Inc	+75,087	436,887	$2,337,345
AMPH	Amphastar Pharmaceuticals, Inc.	+54,700	266,465	$5,220,049
DLX	Deluxe Corp	+50,200	74,100	$2,040,714
ABR	Arbor Realty Trust Inc	+50,000	66,900	$515,799
BY	Byline Bancorp, Inc.	+41,664	167,416	$5,285,323
TGLS	Tecnoglass Inc.	+35,616	69,439	$3,093,507
MCY	Mercury General Corp	+34,214	38,214	$3,368,564
FG	F&G Annuities & Life, Inc.	+31,939	273,600	$6,927,552
T	At&T Inc.	+29,521	355,170	$10,296,378
FTI	TechnipFMC plc	+28,493	33,272	$2,300,093
STBA	S&T Bancorp Inc	+24,700	151,800	$6,349,794
CBT	Cabot Corp	+23,477	106,919	$8,052,069
MGRC	Mcgrath Rentcorp	+23,200	26,500	$2,922,420
BFS	Saul Centers, Inc.	+23,100	71,500	$2,329,470
PCG	PG&E Corp	+20,600	41,153	$723,058
INSW	International Seaways, Inc.	+17,300	32,528	$2,370,640
CNXN	Pc Connection Inc	+16,000	83,300	$4,869,718
CCS	Century Communities, Inc.	+14,718	37,018	$2,124,092
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
SB	Safe Bulkers, Inc.	−448,246	504,824	$3,195,535
PLAB	Photronics Inc	−184,851	128,553	$5,194,826
CMRE	Costamare Inc.	−107,200	390,777	$6,604,131
SM	SM Energy Co	−97,200	202,800	$6,323,304
REPX	Riley Exploration Permian, Inc.	−61,554	14,041	$511,794
SCSC	Scansource, Inc.	−48,538	61,799	$2,243,303
FSK	FS KKR Capital Corp	−44,442	164,469	$1,674,294
PRDO	PERDOCEO EDUCATION Corp	−43,277	7,423	$276,209
MBIN	Merchants Bancorp	−42,904	194,710	$8,355,006
PFBC	Preferred Bank	−41,784	8,816	$799,523
IBEX	IBEX Ltd	−40,875	52,629	$1,411,509
HRMY	Harmony Biosciences Holdings, Inc.	−37,928	59,900	$1,677,799
RUSHA	Rush Enterprises Inc \Tx\	−31,900	116,911	$7,728,986
FFBC	First Financial Bancorp /Oh/	−29,500	280,700	$7,825,916
NOG	Northern Oil & Gas, Inc.	−27,800	285,461	$8,344,025
GIC	GLOBAL INDUSTRIAL Co	−27,600	57,600	$1,815,552
OVV	Ovintiv Inc.	−17,620	6,821	$404,894
BTU	Peabody Energy Corp	−16,228	46,632	$1,536,524
ARCC	Ares Capital Corp	−14,818	377,611	$6,804,550
VICI	Vici Properties Inc.	−14,589	35,964	$982,536
LNG	Cheniere Energy, Inc.	−13,645	8,518	$2,417,067
OBDC	Blue Owl Capital Corp	−10,333	459,746	$5,084,790
BXSL	Blackstone Secured Lending Fund	−8,939	204,149	$4,836,289
HTGC	Hercules Capital, Inc.	−8,899	224,350	$3,313,649
GBDC	GOLUB CAPITAL BDC, Inc.	−7,338	365,282	$4,624,470
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
CVX	Chevron Corp	19,056	$3,942,686
PRIM	Primoris Services Corp	24,460	$3,498,758
PRG	PROG Holdings, Inc.	110,611	$3,173,429
KOP	Koppers Holdings Inc.	54,965	$2,126,046
NHC	National Healthcare Corp	13,100	$2,092,070
TTAM	Titan America SA	128,175	$1,920,061
FBRT	Franklin BSP Realty Trust, Inc.	180,800	$1,534,992
AZN	Astrazeneca PLC	7,319	$1,443,453
FLOC	Flowco Holdings Inc.	62,933	$1,296,419
REX	REX AMERICAN RESOURCES Corp	26,861	$1,224,055
PAHC	Phibro Animal Health Corp	15,949	$882,139
PLUS	Eplus Inc	11,200	$842,800
TCMD	Tactile Systems Technology Inc	20,616	$538,696
AMP	Ameriprise Financial Inc	1,102	$489,728
ALL	Allstate Corp	2,311	$479,162
CI	Cigna Group	1,500	$400,125
SFD	Smithfield Foods Inc	14,025	$392,279
AGI	Alamos Gold Inc	7,500	$333,225
GPK	Graphic Packaging Holding Co	31,399	$312,106
APA	APA Corp	7,306	$310,066
OFG	Ofg Bancorp	7,200	$291,312
FDX	Fedex Corp	800	$284,944
INGR	Ingredion Inc	2,317	$261,033
EMN	Eastman Chemical Co	3,410	$260,251
E	Eni Spa	4,502	$254,858
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
CEG	Constellation Energy Corp	12,750	$4,504,192
DNOW	DNOW Inc.	238,645	$3,162,046
HPK	HighPeak Energy, Inc.	617,628	$2,927,556
HRTG	Heritage Insurance Holdings, Inc.	85,115	$2,490,464
WSFS	Wsfs Financial Corp	43,900	$2,425,036
BZH	Beazer Homes USA Inc	84,210	$1,706,936
TEX	Terex Corp	31,353	$1,673,623
VAL	Valaris Ltd	32,097	$1,617,688
INVA	Innoviva, Inc.	77,200	$1,543,228
EFC	Ellington Financial Inc.	88,133	$1,196,846
XOM	Exxon Mobil Corp	9,800	$1,179,332
KKR	KKR & Co. Inc.	8,964	$1,142,730
TCBK	Trico Bancshares /	23,600	$1,117,932
MOV	Movado Group Inc	46,566	$960,190
WABC	Westamerica Bancorporation	17,800	$851,374
ADEA	Adeia Inc.	48,300	$833,175
SAP	Sap SE	3,088	$750,106
ULH	Universal Logistics Holdings, Inc.	49,224	$747,712
NVR	Nvr Inc	100	$729,277
EXEL	Exelixis, Inc.	16,222	$711,010
VAC	MARRIOTT VACATIONS WORLDWIDE Corp	12,300	$709,587
DDS	Dillard's, Inc.	1,116	$676,675
THR	Thermon Group Holdings, Inc.	17,157	$637,554
INTU	Intuit Inc.	927	$614,063
NOW	ServiceNow, Inc.	3,615	$553,781
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

295 positions · $859,280,046 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 295 positions by value · page 1 of 6

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Added	218,566	+1,270	$38,117,910	−5.9%	4.44%
AAPL	Apple Inc. Technology	Added	118,540	+188	$30,084,266	−6.5%	3.50%
MSFT	Microsoft Corp Technology	Added	69,715	+239	$25,806,401	−23.2%	3.00%
AMZN	Amazon Com Inc Consumer Cyclical	Added	81,586	+5	$16,991,916	−9.8%	1.98%
META	Meta Platforms, Inc. Communication Services	Added	23,822	+82	$13,629,280	−13.0%	1.59%
AVGO	Broadcom Inc. Technology	Added	40,984	+244	$12,684,957	−10.0%	1.48%
WMT	Walmart Inc. Consumer Defensive	Reduced	82,963	-142	$10,310,641	+11.4%	1.20%
T	At&T Inc. Communication Services	Added	355,170	+29,521	$10,296,378	+27.3%	1.20%
NFLX	Netflix Inc Communication Services	Reduced	102,927	-105	$9,896,431	+2.4%	1.15%
IMKTA	Ingles Markets Inc Consumer Defensive	Reduced	96,800	-322	$8,701,352	+30.7%	1.01%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	8,619	-10	$8,588,230	+15.4%	1.00%
LLY	ELI LILLY & Co Healthcare	Added	9,292	+2,571	$8,546,502	+18.3%	0.99%
MBIN	Merchants Bancorp Financial Services	Reduced	194,710	-42,904	$8,355,006	+3.2%	0.97%
NOG	Northern Oil & Gas, Inc. Energy	Reduced	285,461	-27,800	$8,344,025	+24.1%	0.97%
CAH	Cardinal Health Inc Healthcare	Added	39,216	+3,558	$8,286,732	+13.1%	0.96%
SRCE	1St Source Corp Financial Services	Reduced	119,600	-1,000	$8,277,516	+9.8%	0.96%
TSLA	Tesla, Inc. Consumer Cyclical	Added	21,990	+11	$8,174,782	−17.3%	0.95%
NTB	Bank of N.T. Butterfield & Son Ltd Financial Services	Added	154,869	+2,390	$8,127,525	+7.0%	0.95%
CBT	Cabot Corp Basic Materials	Added	106,919	+23,477	$8,052,069	+45.6%	0.94%
AEM	Agnico Eagle Mines Ltd Basic Materials	Added	39,507	+20	$8,019,130	+19.8%	0.93%
FIZZ	National Beverage Corp Consumer Defensive	Added	236,519	+13,757	$7,958,864	+12.0%	0.93%
FRME	First Merchants Corp Financial Services	Held	205,200	0	$7,947,396	+3.3%	0.92%
CATY	Cathay General Bancorp Financial Services	Added	159,062	+600	$7,930,831	+3.4%	0.92%
OTTR	Otter Tail Corp Industrials	Added	89,909	+1,206	$7,891,312	+10.1%	0.92%
IBOC	International Bancshares Corp Financial Services	Added	117,217	+5,900	$7,887,531	+6.6%	0.92%
PLTR	Palantir Technologies Inc. Technology	Added	53,662	+40	$7,849,677	−17.6%	0.91%
FFBC	First Financial Bancorp /Oh/ Financial Services	Reduced	280,700	-29,500	$7,825,916	+0.8%	0.91%
NMIH	NMI Holdings, Inc. Financial Services	Added	208,300	+10,520	$7,813,333	−3.1%	0.91%
GEF	Greif, Inc Consumer Cyclical	Reduced	115,951	-56	$7,776,833	−1.0%	0.91%
MO	Altria Group, Inc. Consumer Defensive	Added	117,199	+2,768	$7,733,962	+17.2%	0.90%
RUSHA	Rush Enterprises Inc \Tx\ Consumer Cyclical	Reduced	116,911	-31,900	$7,728,986	−3.7%	0.90%
EFSC	Enterprise Financial Services Corp Financial Services	Held	140,800	0	$7,618,688	+0.2%	0.89%
HG	Hamilton Insurance Group, Ltd. Financial Services	Added	250,800	+195,500	$7,481,364	+384.9%	0.87%
ACT	Enact Holdings, Inc. Financial Services	Reduced	182,288	-343	$7,439,173	+2.8%	0.87%
GRBK	Green Brick Partners, Inc. Consumer Cyclical	Reduced	114,674	-400	$7,390,739	+2.5%	0.86%
TNK	Teekay Tankers Ltd. Energy	Added	100,690	+10,518	$7,382,590	+53.3%	0.86%
MHO	M/I Homes, Inc. Consumer Cyclical	Added	59,345	+4,106	$7,266,795	+2.8%	0.85%
FOR	Forestar Group Inc. Real Estate	Reduced	293,991	-1,174	$7,185,140	−1.2%	0.84%
WLFC	Willis Lease Finance Corp Industrials	Added	40,952	+7,500	$6,972,487	+53.7%	0.81%
GBX	Greenbrier Companies Inc Industrials	Added	131,941	+109,741	$6,946,693	+569.5%	0.81%
FG	F&G Annuities & Life, Inc. Financial Services	Added	273,600	+31,939	$6,927,552	−7.1%	0.81%
CAT	Caterpillar Inc Industrials	Added	9,697	+3	$6,869,936	+23.7%	0.80%
ARCC	Ares Capital Corp Financial Services	Reduced	377,611	-14,818	$6,804,550	−14.3%	0.79%
SD	Sandridge Energy Inc Energy	Added	407,451	+1,458	$6,645,525	+13.4%	0.77%
CMRE	Costamare Inc. Industrials	Reduced	390,777	-107,200	$6,604,131	−16.0%	0.77%
STBA	S&T Bancorp Inc Financial Services	Added	151,800	+24,700	$6,349,794	+27.0%	0.74%
CCSI	Consensus Cloud Solutions, Inc. Technology	Reduced	267,184	-3,881	$6,342,948	+7.2%	0.74%
SM	SM Energy Co Energy	Reduced	202,800	-97,200	$6,323,304	+12.7%	0.74%
WM	Waste Management Inc Industrials	Reduced	26,726	-27	$6,141,367	+4.5%	0.71%
WS	Worthington Steel, Inc. Basic Materials	Added	199,415	+131,715	$6,052,245	+158.2%	0.70%