Live Markets
Wednesday, July 29, 2026·George Town, KY·29°·Partly Cloudy
Markets Open · NYSE·Newsletter·Masthead·
VOL. XII · NO. 117Established MMXIV · George Town, Grand CaymanAtlantic Edition · $4.50

The Cayman Journal

Finance · Business · Technology · Caribbean & Global Affairs
13F COMBINATION REPORT

DENALI ADVISORS LLC

Quarter ended Q4 2025 · Filed February 3, 2026 · Accession 0001398344-26-002053

Total Value
$901.0M
Positions
321
Other Managers
0
Confidential Omitted
No
View on SEC.gov

Holdings (321)

#IssuerTicker / CUSIPSharesValue% of Filing
1NVIDIA CORPORATIONNVDA217,296$40.5M4.50%
2MICROSOFT CORPMSFT69,476$33.6M3.73%
3APPLE INCAAPL118,352$32.2M3.57%
4ALPHABET INCGOOG92,281$29.0M3.21%
5AMAZON COM INCAMZN81,581$18.8M2.09%
6META PLATFORMS INCMETA23,740$15.7M1.74%
7BROADCOM INCAVGO40,740$14.1M1.56%
8PHOTRONICS INCPLAB313,404$10.0M1.11%
9TESLA INCTSLA21,979$9.9M1.10%
10NETFLIX INCNFLX103,032$9.7M1.07%
11PALANTIR TECHNOLOGIES INCPLTR53,622$9.5M1.06%
12WALMART INCWMT83,105$9.3M1.03%
13MERCHANTS BANCORP INDMBINN237,614$8.1M0.90%
14AT&T INCT-PC325,649$8.1M0.90%
15NMI HLDGS INCNMIH197,780$8.1M0.90%
16RUSH ENTERPRISES INCRUSHB148,811$8.0M0.89%
17ARES CAPITAL CORPARCC392,429$7.9M0.88%
18COSTAMARE INCCMRE-PC497,977$7.9M0.87%
19GREIF INCGEF-B116,007$7.9M0.87%
20FIRST FINL BANCORP OH320209109310,200$7.8M0.86%
21FIRST MERCHANTS CORPFRMEP205,200$7.7M0.85%
22CATHAY GEN BANCORP149150104158,462$7.7M0.85%
23ENTERPRISE FINL SVCS CORP293712105140,800$7.6M0.84%
24BANK OF NT BUTTERFIELD&SON LG0772R208152,479$7.6M0.84%
25ROBINHOOD MKTS INC77070010266,923$7.6M0.84%
261ST SOURCE CORPSRCE120,600$7.5M0.84%
27F&G ANNUITIES & LIFE INCFGSN241,661$7.5M0.83%
28COSTCO WHSL CORP NEW22160K1058,629$7.4M0.83%
29INTERNATIONAL BANCSHARES CORINTR111,317$7.4M0.82%
30CARDINAL HEALTH INCCAH35,658$7.3M0.81%
31FORESTAR GROUP INCFOR295,165$7.3M0.81%
32ENACT HLDGS INCACT182,631$7.2M0.80%
33ELI LILLY & COLLY6,721$7.2M0.80%
34GREEN BRICK PARTNERS INCGRBK-PA115,074$7.2M0.80%
35OTTER TAIL CORPOTTR88,703$7.2M0.80%
36NATIONAL BEVERAGE CORPFIZZ222,762$7.1M0.79%
37M/I HOMES INCMHO55,239$7.1M0.78%
38ORACLE CORPORCL-PD34,956$6.8M0.76%
39NORTHERN OIL & GAS INCNOG313,261$6.7M0.75%
40AGNICO EAGLE MINES LTDAEM39,487$6.7M0.74%
41INGLES MKTS INC45703010497,122$6.7M0.74%
42ALTRIA GROUP INCMO114,431$6.6M0.73%
43ALEXANDERS INCALX29,900$6.5M0.72%
44MAIN STR CAP CORP56035L104106,300$6.4M0.71%
45VISTRA CORPVST38,722$6.2M0.69%
46NELNET INCNNI44,600$5.9M0.66%
47CONSENSUS CLOUD SOLUTIONS INCCSI271,065$5.9M0.66%
48WASTE MGMT INC DEL94106L10926,753$5.9M0.65%
49SANDRIDGE ENERGY INCSD405,993$5.9M0.65%
50BLUE OWL CAPITAL CORPORATIONOWL470,079$5.8M0.65%
51BUCKLE INCBKE107,700$5.8M0.64%
52HOME DEPOT INCHD16,661$5.7M0.64%
53AMPHASTAR PHARMACEUTICALS INAMPH211,765$5.7M0.63%
54BLACKSTONE SECD LENDING FDBX213,088$5.6M0.62%
55SM ENERGY COSM300,000$5.6M0.62%
56JPMORGAN CHASE & CO.VYLD17,270$5.6M0.62%
57CATERPILLAR INCCAT9,694$5.6M0.62%
58CABOT CORPCBT83,442$5.5M0.61%
59MASTERCARD INCORPORATEDMA9,564$5.5M0.61%
60LADDER CAP CORPLADR488,700$5.4M0.60%
61GOLUB CAP BDC INC38173M102372,620$5.1M0.56%
62S & T BANCORP INCSTBA127,100$5.0M0.56%
63DOLE PLCDOLE331,500$5.0M0.55%
64ASBURY AUTOMOTIVE GROUP INCABG21,222$4.9M0.55%
65TEEKAY TANKERS LTDTNK90,172$4.8M0.53%
66PREFERRED BK LOS ANGELES CA74036740450,600$4.8M0.53%
67SAFE BULKERS INCSB-PC953,070$4.6M0.51%
68WILLIS LEASE FIN CORPWLFC33,452$4.5M0.50%
69CONSTELLATION ENERGY CORPCEG12,750$4.5M0.50%
70ALPS ETF TR00162Q45294,641$4.5M0.49%
71DREAM FINDERS HOMES INCDFH260,019$4.4M0.49%
72PLAYTIKA HLDG CORPPLTK1,112,314$4.4M0.49%
73HERCULES CAPITAL INCHCXY233,249$4.4M0.49%
74SCANSOURCE INCSCSC110,337$4.3M0.48%
75CHENIERE ENERGY INCLNG22,163$4.3M0.48%
76BERKSHIRE HATHAWAY INC DELBRK-A8,410$4.2M0.47%
77FLEX LTDFLEX67,488$4.1M0.45%
78SELECT MED HLDGS CORP81619Q105263,100$3.9M0.43%
79TELEFONAKTIEBOLAGET LM ERICS294821608404,263$3.9M0.43%
80PC CONNECTION INCCNXN67,300$3.9M0.43%
81PALO ALTO NETWORKS INCPANW21,052$3.9M0.43%
82CASEYS GEN STORES INC1475281037,008$3.9M0.43%
83BYLINE BANCORP INCBY125,752$3.7M0.41%
84HARMONY BIOSCIENCES HLDGS INHRMY97,828$3.7M0.41%
85KINROSS GOLD CORPKGCRF128,106$3.6M0.40%
86IBEX LTDIBEX93,504$3.6M0.40%
87ATKORE INCATKR55,000$3.5M0.39%
88PATHWARD FINANCIAL INCCASH48,370$3.4M0.38%
89DNOW INCDNOW238,645$3.2M0.35%
90FS KKR CAP CORPFSK208,911$3.1M0.34%
91SIXTH STREET SPECIALTY LENDITSLX140,144$3.0M0.34%
92BLACKROCK INCBLK2,830$3.0M0.34%
93HIGHPEAK ENERGY INCHPK617,628$2.9M0.32%
94SYLVAMO CORPSLVM56,500$2.7M0.30%
95CAL MAINE FOODS INCCALM32,700$2.6M0.29%
96TEEKAY CORPORATION LTDTK283,213$2.6M0.28%
97HERITAGE INSURANCE HLDGS INCHRTG85,115$2.5M0.28%
98GLOBAL INDUSTRIAL COMPANYGIC85,200$2.5M0.28%
99WSFS FINL CORP92932810243,900$2.4M0.27%
100VISA INCV6,725$2.4M0.26%
101SOUTHERN COPPER CORPSCCO16,382$2.4M0.26%
102WORTHINGTON STL INC98210410167,700$2.3M0.26%
103PHILIP MORRIS INTL INC71817210914,297$2.3M0.25%
104ISHARES TR46428722622,566$2.3M0.25%
105TAIWAN SEMICONDUCTOR MFG LTD8740391007,342$2.2M0.25%
106SIGA TECHNOLOGIES INCSIGA361,800$2.2M0.25%
107ARDENT HEALTH INCARDT249,450$2.2M0.24%
108AMC NETWORKS INCAMCX219,400$2.1M0.23%
109RILEY EXPLORATION PERMIAN INREPX75,595$2.0M0.22%
110GRAHAM HLDGS COGHM1,800$2.0M0.22%
111MCDONALDS CORPMCD6,253$1.9M0.21%
112REPUBLIC BANCORP INC KYRBCAA27,400$1.9M0.21%
113NOVARTIS AGNVSEF13,598$1.9M0.21%
114PEABODY ENERGY CORPBTU62,860$1.9M0.21%
115MASTERBRAND INCMBC169,100$1.9M0.21%
116WELLTOWER INCWELL9,366$1.7M0.19%
117BEAZER HOMES USA INCBZH84,210$1.7M0.19%
118TECNOGLASS INCTGLS33,823$1.7M0.19%
119CAPITAL SOUTHWEST CORPCSWC76,284$1.7M0.19%
120TEREX CORP NEWTEX31,353$1.7M0.19%
121STATE STR CORPSTT-PG12,831$1.7M0.18%
122VERIZON COMMUNICATIONS INCVZ40,242$1.6M0.18%
123VALARIS LTDVAL-WT32,097$1.6M0.18%
124PITNEY BOWES INCPBI-PB149,840$1.6M0.18%
125BLUE OWL TECHNOLOGY FIN CORPOTF108,378$1.6M0.17%
126HOVNANIAN ENTERPRISES INCHOVVB16,100$1.6M0.17%
127INNOVIVA INCINVA77,200$1.5M0.17%
128HAMILTON INSURANCE GROUP LTDHG55,300$1.5M0.17%
129SAUL CTRS INC80439510148,400$1.5M0.17%
130PUBLIC SVC ENTERPRISE GRP IN74457310618,920$1.5M0.17%
131GIGACLOUD TECHNOLOGY INCGCT38,224$1.5M0.17%
132SYNCHRONY FINANCIALSYF-PB17,847$1.5M0.17%
133PERDOCEO ED CORPPRDO50,700$1.5M0.17%
134RLJ LODGING TRRLJ-PA198,900$1.5M0.16%
135VALERO ENERGY CORPVLO8,918$1.5M0.16%
136PULTE GROUP INC74586710112,132$1.4M0.16%
137VICI PPTYS INC92565210950,553$1.4M0.16%
138MARATHON PETE CORPMARA8,715$1.4M0.16%
139CRESCENT CAP BDC INC225655109100,845$1.4M0.16%
140ALPHABET INCGOOG4,500$1.4M0.16%
141MCKESSON CORPMCK1,699$1.4M0.15%
142RPC INCRES251,800$1.4M0.15%
143SLR INVESTMENT CORPSLRC88,548$1.4M0.15%
144GSK PLCGLAXF27,873$1.4M0.15%
145ARISTA NETWORKS INCANET10,280$1.3M0.15%
146CENTURY CMNTYS INC15650430022,300$1.3M0.15%
147COGNIZANT TECHNOLOGY SOLUTIOCTSH15,926$1.3M0.15%
148OMEGA HEALTHCARE INVS INC68193610029,707$1.3M0.15%
149CINCINNATI FINL CORP1720621017,924$1.3M0.14%
150MARKEL GROUP INCMKL602$1.3M0.14%
151ASTRAZENECA PLCAZN13,999$1.3M0.14%
152TRINITY CAP INCTRINZ87,030$1.3M0.14%
153SAFEHOLD INCSAFE91,900$1.3M0.14%
154OAKTREE SPECIALTY LENDING COOCSL97,131$1.2M0.14%
155BWX TECHNOLOGIES INCBWXT7,096$1.2M0.14%
156ELLINGTON FINANCIAL INCEFC-PD88,133$1.2M0.13%
157AMERICAN ASSETS TR INCAAT62,800$1.2M0.13%
158EXXON MOBIL CORPXOM9,800$1.2M0.13%
159APPLIED MATLS INC0382221054,582$1.2M0.13%
160GAMING & LEISURE PPTYS INC36467J10825,844$1.2M0.13%
161KKR & CO INCKKRT8,964$1.1M0.13%
162FARMLAND PARTNERS INCFPI116,113$1.1M0.12%
163TRICO BANCSHARESTCBK23,600$1.1M0.12%
164EASTMAN KODAK COKODK130,492$1.1M0.12%
165AVNET INCAVT22,454$1.1M0.12%
166VANGUARD SCOTTSDALE FDS92206C81314,226$1.1M0.12%
167FOX CORPFOX14,645$1.1M0.12%
168NUCOR CORPNUE6,519$1.1M0.12%
169BANK AMERICA CORP06050510419,300$1.1M0.12%
170BROOKFIELD CORP11271J10722,876$1.0M0.12%
171COMCAST CORP NEWCCZ35,100$1.0M0.12%
172GREENBRIER COS INC39365710122,200$1.0M0.12%
173GOLDMAN SACHS BDC INCGSBD111,751$1.0M0.12%
174GENERAL MTRS CO37045V10012,600$1.0M0.11%
175ATLANTICUS HOLDINGS CORPATLCZ15,222$1.0M0.11%
176PNC FINL SVCS GROUP INC6934751054,800$1.0M0.11%
177SNAP ON INCSNA2,906$1.0M0.11%
178APTIV PLCAPTV12,732$968,7780.11%
179ARCH CAP GROUP LTDG0450A10510,050$963,9960.11%
180PENSKE AUTOMOTIVE GRP INC70959W1036,071$960,9790.11%
181MOVADO GROUP INCMOVAA46,566$960,1910.11%
182OVINTIV INCOVV24,441$957,8430.11%
183MORGAN STANLEY DIRECT LENDIN61774A10357,793$952,4290.11%
184PROCTER AND GAMBLE CO7427181096,593$944,8430.10%
185VANGUARD MALVERN FDS92202080519,101$944,7360.10%
186CARLYLE SECURED LENDING INCCGBD75,146$938,5740.10%
187OREILLY AUTOMOTIVE INC67103H10710,276$937,2740.10%
188CHUBB LIMITEDCB3,000$936,3600.10%
189GLOBAL X FDS37954Y83013,021$934,7770.10%
190UNITED RENTALS INCURI1,145$926,6720.10%
191PACCAR INCPCAR8,350$914,4090.10%
192CENTRAL GARDEN & PET COCENTA30,600$893,2140.10%
193PRUDENTIAL FINL INCPUKPF7,912$893,1070.10%
194RENAISSANCERE HLDGS LTDRNR-PG3,114$875,5320.10%
195AFLAC INCAFL7,902$871,3540.10%
196BARINGS BDC INCBBDC94,100$863,8380.10%
197CF INDS HLDGS INC12526910011,020$852,2870.09%
198WESTAMERICA BANCORPORATIONWABC17,800$851,3740.09%
199STEEL DYNAMICS INCSTLD5,017$850,1310.09%
200M & T BK CORP55261F1044,217$849,6410.09%
201ISHARES TR46436E7188,344$837,5710.09%
202SALLY BEAUTY HLDGS INCSBH58,455$833,5680.09%
203ADEIA INCADEA48,300$833,1750.09%
204UNITED THERAPEUTICS CORP DELUTHR1,702$829,3000.09%
205ARROW ELECTRS INC0427351007,503$826,6810.09%
206SHELL PLCRYDAF10,827$795,5700.09%
207EOG RES INCEOG7,500$787,5750.09%
208HP INCHPQ34,762$774,4970.09%
209IRON MTN INC DEL46284V1019,321$773,1770.09%
210LOEWS CORPL7,209$759,1800.08%
211SAP SESAPGF3,088$750,1300.08%
212UNIVERSAL LOGISTICS HLDGS INULH49,224$747,7130.08%
213HCA HEALTHCARE INCHCA1,600$746,9760.08%
214UNITED AIRLS HLDGS INCUNTCW6,616$739,8010.08%
215INTERNATIONAL SEAWAYS INCINSW15,228$739,3190.08%
216NVR INCNVR100$729,2770.08%
217NEW MTN FIN CORP64755110078,828$726,0060.08%
218EXELIXIS INCEXEL16,222$711,0100.08%
219MARRIOTT VACATIONS WORLDWIDEVAC12,300$709,5870.08%
220MIDCAP FINANCIAL INVSTMNT CO03761U50261,762$706,5570.08%
221UNITED PARCEL SERVICE INCUPS7,000$694,3300.08%
222JOHNSON & JOHNSONJNJ3,282$679,2940.08%
223UNION PAC CORPUNP2,936$679,0730.08%
224DILLARDS INC2540671011,116$676,6750.08%
225BP PLCBPPFF19,390$673,4040.07%
226SS&C TECHNOLOGIES HLDGS INCSSNC7,700$673,1340.07%
227LINCOLN NATL CORP IND53418710914,923$664,5210.07%
228DIGITAL RLTY TR INC2538681034,290$663,7060.07%
229ARCHER DANIELS MIDLAND COADM11,418$656,4210.07%
230THERMON GROUP HLDGS INCTHR17,157$637,5540.07%
231AMDOCS LTDDOX7,810$628,7830.07%
232ISHARES INC46434G8558,508$626,5290.07%
233INTUITINTU927$614,0930.07%
234STRYKER CORPORATIONSYK1,744$612,9630.07%
235ISHARES TR46429B59811,300$610,7650.07%
236GLOBALFOUNDRIES INCGFS17,227$601,5670.07%
237CHARTER COMMUNICATIONS INC N16119P1082,809$586,3790.07%
238ILLINOIS TOOL WKS INC4523081092,300$566,4900.06%
239ALIBABA GROUP HLDG LTDBBAAY3,805$557,8000.06%
240SERVICENOW INCNOW3,615$553,7820.06%
241PBF ENERGY INCPBF20,019$542,9150.06%
242DELUXE CORPDLX23,900$533,6870.06%
243DUKE ENERGY CORP NEWDUKB4,531$531,0780.06%
244GE HEALTHCARE TECHNOLOGIES IGEHC6,200$508,5240.06%
245CIRRUS LOGIC INCCRUS4,207$498,5300.06%
246RELIANCE INCRS1,702$491,6570.05%
247DELTA AIR LINES INC DELDAL7,014$486,7720.05%
248GLADSTONE CAPITAL CORPGLAD23,398$483,4030.05%
249DAVITA INCDVA4,237$481,3660.05%
250UNIVERSAL HLTH SVCS INC9139031002,206$480,9520.05%
251BUNGE GLOBAL SABG5,210$464,1070.05%
252EXPEDITORS INTL WASH INC3021301093,106$462,8250.05%
253ISHARES TR46434V42312,700$462,4070.05%
254CONSOLIDATED EDISON INCED4,606$457,4680.05%
255PENNANTPARK FLOATING RATE CAPFLT48,547$450,0310.05%
256CONCENTRIX CORPCNXC10,343$430,0620.05%
257FIRST CTZNS BANCSHARES INC D31946M103200$429,2360.05%
258BARCLAYS PLCBCLYF16,667$424,1750.05%
259TOLL BROTHERS INCTOL3,131$423,3740.05%
260PENNANTPARK INVT CORP70806210470,810$422,0270.05%
261PRICE T ROWE GROUP INCTROW4,119$421,7030.05%
262TRIP COM GROUP LTDTRPCF5,805$417,4370.05%
263DEVON ENERGY CORP NEW25179M10311,392$417,2890.05%
264ALLISON TRANSMISSION HLDGS IALSN4,240$415,0960.05%
265VANECK ETF TRUST92189F41128,158$399,2800.04%
266UNUM GROUPUNMA5,120$396,8000.04%
267HARTFORD INSURANCE GROUP INCHIG-PG2,800$385,8400.04%
268TD SYNNEX CORPORATIONSNX2,507$376,6270.04%
269MERCURY GENL CORP NEW5894001004,000$376,2400.04%
270URBAN EDGE PPTYS91704F10418,900$362,6910.04%
271WHITESTONE REITWSR25,714$357,1670.04%
272BAIN CAP SPECIALTY FIN INC05684B10725,529$355,1080.04%
273EXELON CORPEXC8,000$348,7200.04%
274MCGRATH RENTCORPMGRC3,300$346,2690.04%
275BHP GROUP LTDBHPLF5,662$341,8150.04%
276INTERCONTINENTAL HOTELS GROU45857P8062,415$340,1050.04%
277BRISTOW GROUP INCVTOL9,100$333,2420.04%
278MERITAGE HOMES CORPMTH5,022$330,4480.04%
279PG&E CORPPCG-PX20,553$330,2870.04%
280RYDER SYS INCR1,719$328,9990.04%
281BANCFIRST CORPBANFP3,100$328,6620.04%
282DOMINION ENERGY INCD5,600$328,1040.04%
283TEXTRON INCTXT3,710$323,4010.04%
284DELL TECHNOLOGIES INCDELL2,500$314,7000.03%
285GOLD FIELDS LTDGFIOF7,073$308,7910.03%
286REGENERON PHARMACEUTICALSREGN400$308,7480.03%
287CELESTICA INCCLS1,038$306,8430.03%
288GENERAL DYNAMICS CORPGD900$302,9940.03%
289VANGUARD WHITEHALL FDS9219464062,103$301,8230.03%
290FABRINETFN661$300,9400.03%
291LITHIA MTRS INC536797103903$300,0940.03%
292HARMONY GOLD MINING CO LTDHGMCF15,038$299,2560.03%
293FIFTH THIRD BANCORPFITBM6,339$296,7290.03%
294CNA FINL CORP1261171006,020$287,3950.03%
295ACCEL ENTERTAINMENT INCACEL25,100$286,3910.03%
296PAGSEGURO DIGITAL LTDPAGS29,129$280,8040.03%
297MITSUBISHI UFJ FINL GROUP IN60682210417,553$278,3910.03%
298EAST WEST BANCORP INCEWBC2,412$271,0850.03%
299HONEYWELL INTL INC4385161061,388$270,7840.03%
300PEPSICO INCPEP1,851$265,5940.03%
301PVH CORPORATIONPVH3,900$261,3780.03%
302PHILLIPS 66PSX1,900$245,1760.03%
303BOISE CASCADE CO DELBCC3,101$228,2340.03%
304EVERCORE INCEVR669$227,6510.03%
305GLOBUS MED INCGMED2,606$227,5300.03%
306STMICROELECTRONICS N VSTMEF8,687$225,3410.03%
307GOLD COM INCGOLD6,600$224,7300.02%
308ALBERTSONS COS INC01309110313,080$224,5840.02%
309PROSPECT CAP CORPPSEC-PA85,301$220,9300.02%
310BANK NEW YORK MELLON CORP0640581001,900$220,5710.02%
311LEAR CORPLEA1,905$218,3130.02%
312BUILDERS FIRSTSOURCE INCBLDR2,111$217,2010.02%
313INGRAM MICRO HLDG CORPINGM10,150$216,6010.02%
314TECHNIPFMC PLCFTI4,779$212,9520.02%
315AUTONATION INCAN1,031$212,8810.02%
316BROOKFIELD ASSET MANAGMT LTD1130041053,987$208,8790.02%
317AMERICAN INTL GROUP INC0268747842,400$205,3200.02%
318DOORDASH INCDASH885$200,4340.02%
319SUNCOKE ENERGY INCSXC18,600$133,9200.01%
320ARBOR REALTY TRUST INCABR-PF16,900$131,1440.01%
321ISHARES TR46434V7795,900$111,0280.01%