DENALI ADVISORS LLC — 13F Holdings & Portfolio
CIK 1142941 · latest 13F-HR filed 2026-05-08
DENALI ADVISORS LLC manages $899.7M in 13F-reported U.S. long-equity assets across 307 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are NVDA (4.24%), AAPL (3.34%), GOOG (2.94%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 31 new positions, exited 45, added to 122, and trimmed 96.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
$899.7M
Long-equity book
307
Distinct positions
2026-03-31
Filed 2026-05-08
+31 / −45 / ↑122 / ↓96
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- HAMILTON INSURANCE GROUP LTD$5.9M +384.9%
- GREENBRIER COS INC$5.9M +569.5%
- WORTHINGTON STL INC$3.7M +158.2%
- MERCURY GENL CORP NEW$3.0M +795.3%
- SAFEHOLD INC$2.9M +233.0%
Top Trims
- MICROSOFT CORP-$7.8M -23.2%
- PHOTRONICS INC-$4.8M -48.2%
- PREFERRED BK LOS ANGELES CA-$4.0M -83.3%
- ROBINHOOD MKTS INC-$2.9M -38.6%
- ALPHABET INC-$2.5M -8.6%
New Positions
- CHEVRON CORPORATION$3.9M
- PRIMORIS SVCS CORP$3.5M
- PROG HOLDINGS INC$3.2M
- KOPPERS HOLDINGS INC$2.1M
- NATIONAL HEALTHCARE CORP$2.1M
Exited Positions
- CONSTELLATION ENERGY CORP$4.5M
- DNOW INC$3.2M
- HIGHPEAK ENERGY INC$2.9M
- HERITAGE INSURANCE HLDGS INC$2.5M
- WSFS FINL CORP$2.4M
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | NVIDIA CORPORATION | NVDA | 67066G104 | $38.1M | 4.24% | 218,566 | SH |
| 2 | APPLE INC | AAPL | 037833100 | $30.1M | 3.34% | 118,540 | SH |
| 3 | ALPHABET INC | GOOG | 02079K107 | $26.5M | 2.94% | 92,288 | SH |
| 4 | MICROSOFT CORP | MSFT | 594918104 | $25.8M | 2.87% | 69,715 | SH |
| 5 | AMAZON COM INC | AMZN | 023135106 | $17.0M | 1.89% | 81,586 | SH |
| 6 | META PLATFORMS INC | META | 30303M102 | $13.6M | 1.51% | 23,822 | SH |
| 7 | BROADCOM INC | AVGO | 11135F101 | $12.7M | 1.41% | 40,984 | SH |
| 8 | WALMART INC | WMT | 931142103 | $10.3M | 1.15% | 82,963 | SH |
| 9 | AT&T INC | T | 00206R102 | $10.3M | 1.14% | 355,170 | SH |
| 10 | NETFLIX INC. | NFLX | 64110L106 | $9.9M | 1.10% | 102,927 | SH |
| 11 | INGLES MKTS INC | IMKTA | 457030104 | $8.7M | 0.97% | 96,800 | SH |
| 12 | COSTCO WHOLESALE CORPORATION | COST | 22160K105 | $8.6M | 0.95% | 8,619 | SH |
| 13 | ELI LILLY & CO | LLY | 532457108 | $8.5M | 0.95% | 9,292 | SH |
| 14 | MERCHANTS BANCORP IND | MBIN | 58844R108 | $8.4M | 0.93% | 194,710 | SH |
| 15 | NORTHERN OIL & GAS INC | NOG | 665531307 | $8.3M | 0.93% | 285,461 | SH |
| 16 | CARDINAL HEALTH INC | CAH | 14149Y108 | $8.3M | 0.92% | 39,216 | SH |
| 17 | 1ST SOURCE CORP | SRCE | 336901103 | $8.3M | 0.92% | 119,600 | SH |
| 18 | TESLA INC | TSLA | 88160R101 | $8.2M | 0.91% | 21,990 | SH |
| 19 | BANK OF N T BUTTERFIELD & SO | NTB | G0772R208 | $8.1M | 0.90% | 154,869 | SH |
| 20 | CABOT CORP | CBT | 127055101 | $8.1M | 0.89% | 106,919 | SH |
| 21 | AGNICO EAGLE MINES LTD | AEM | 008474108 | $8.0M | 0.89% | 39,507 | SH |
| 22 | NATIONAL BEVERAGE CORP | FIZZ | 635017106 | $8.0M | 0.88% | 236,519 | SH |
| 23 | FIRST MERCHANTS CORP | FRME | 320817109 | $7.9M | 0.88% | 205,200 | SH |
| 24 | CATHAY GEN BANCORP | CATY | 149150104 | $7.9M | 0.88% | 159,062 | SH |
| 25 | OTTER TAIL CORP | OTTR | 689648103 | $7.9M | 0.88% | 89,909 | SH |
| 26 | INTERNATIONAL BANCSHARES COR | IBOC | 459044103 | $7.9M | 0.88% | 117,217 | SH |
| 27 | PALANTIR TECHNOLOGIES INC | PLTR | 69608A108 | $7.8M | 0.87% | 53,662 | SH |
| 28 | 1ST FINL BANCORP | FFBC | 320209109 | $7.8M | 0.87% | 280,700 | SH |
| 29 | NMI HLDGS INC | NMIH | 629209305 | $7.8M | 0.87% | 208,300 | SH |
| 30 | GREIF INC | GEF | 397624107 | $7.8M | 0.86% | 115,951 | SH |
| 31 | ALTRIA GROUP INC | MO | 02209S103 | $7.7M | 0.86% | 117,199 | SH |
| 32 | RUSH ENTERPRISES INC | RUSHA | 781846209 | $7.7M | 0.86% | 116,911 | SH |
| 33 | ENTERPRISE FINL SVCS CORP | EFSC | 293712105 | $7.6M | 0.85% | 140,800 | SH |
| 34 | HAMILTON INSURANCE GROUP LTD | HG | G42706104 | $7.5M | 0.83% | 250,800 | SH |
| 35 | ENACT HLDGS INC | ACT | 29249E109 | $7.4M | 0.83% | 182,288 | SH |
| 36 | GREEN BRICK PARTNERS INC | GRBK | 392709101 | $7.4M | 0.82% | 114,674 | SH |
| 37 | TEEKAY TANKERS LTD | TNK | G8726X106 | $7.4M | 0.82% | 100,690 | SH |
| 38 | M/I HOMES INC | MHO | 55305B101 | $7.3M | 0.81% | 59,345 | SH |
| 39 | FORESTAR GROUP INC | FOR | 346232101 | $7.2M | 0.80% | 293,991 | SH |
| 40 | WILLIS LEASE FIN CORP | WLFC | 970646105 | $7.0M | 0.77% | 40,952 | SH |
| 41 | GREENBRIER COS INC | GBX | 393657101 | $6.9M | 0.77% | 131,941 | SH |
| 42 | F&G ANNUITIES & LIFE INC | FG | 30190A104 | $6.9M | 0.77% | 273,600 | SH |
| 43 | CATERPILLAR INC | CAT | 149123101 | $6.9M | 0.76% | 9,697 | SH |
| 44 | ARES CAPITAL CORP | ARCC | 04010L103 | $6.8M | 0.76% | 377,611 | SH |
| 45 | SANDRIDGE ENERGY INC | SD | 80007P869 | $6.6M | 0.74% | 407,451 | SH |
| 46 | COSTAMARE INC | CMRE | Y1771G102 | $6.6M | 0.73% | 390,777 | SH |
| 47 | S & T BANCORP INC | STBA | 783859101 | $6.3M | 0.71% | 151,800 | SH |
| 48 | CONSENSUS CLOUD SOLUTIONS IN | CCSI | 20848V105 | $6.3M | 0.71% | 267,184 | SH |
| 49 | SM ENERGY COMPANY | SM | 78454L100 | $6.3M | 0.70% | 202,800 | SH |
| 50 | WASTE MGMT INC DEL | WM | 94106L109 | $6.1M | 0.68% | 26,726 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-08 | $899.7M | 307 | 0001398344-26-008814 |
| 2025-12-31 | 2026-02-03 | $901.0M | 321 | 0001398344-26-002053 |