Institutional Manager · CIK 0001142941
DENALI ADVISORS LLC
SAN DIEGO, CA · File #028-10130
Latest AUM
$901.0M
Positions
321
Top-10 Concentration
42.4%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| ADD | NETFLIX INC | NFLX | +92,725 | +$8.7M | -$11.4M |
| EXITED | JACKSON FINANCIAL INC | 46817M107 | -70,700 | -$7.2M | $0 |
| NEW | CABOT CORP | CBT | +83,442 | +$5.5M | $0 |
| ADD | M/I HOMES INC | MHO | +42,108 | +$5.4M | -$216,531 |
| ADD | ALPHABET INC | GOOG | +15,298 | +$4.8M | +$5.4M |
| ADD | CATERPILLAR INC | CAT | +8,075 | +$4.6M | +$154,971 |
| EXITED | THOMSON REUTERS CORP | 884903808 | -27,306 | -$4.2M | $0 |
| REDUCE | WESTAMERICA BANCORPORATION | WABC | -86,700 | -$4.1M | -$225,720 |
| ADD | WILLIS LEASE FIN CORP | WLFC | +29,652 | +$4.0M | -$5,510 |
| NEW | SELECT MED HLDGS CORP | 81619Q105 | +263,100 | +$3.9M | $0 |
Sector Allocation
Filing History
- 13F COMBINATION REPORTQ/E Dec 2025321 pos · $901.0M
- 13F COMBINATION REPORTQ/E Sep 2025297 pos · $885.1M
- 13F COMBINATION REPORTQ/E Jun 2025288 pos · $960.1M
- 13F COMBINATION REPORTQ/E Mar 2025274 pos · $878.6M
- 13F COMBINATION REPORTQ/E Dec 2024271 pos · $954.0M
- 13F COMBINATION REPORTQ/E Sep 2024271 pos · $930.7M
- 13F COMBINATION REPORTQ/E Jun 2024175 pos · $365.4M
- 13F COMBINATION REPORTQ/E Mar 2024450 pos · $339.6M
- 13F COMBINATION REPORTQ/E Dec 2023468 pos · $284.8M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | NVIDIA CORPORATION | NVDA | 217,296 | $40.5M | 8.05% |
| 2 | MICROSOFT CORP | MSFT | 69,476 | $33.6M | 6.67% |
| 3 | APPLE INC | AAPL | 118,352 | $32.2M | 6.39% |
| 4 | ALPHABET INC | GOOG | 92,281 | $29.0M | 5.75% |
| 5 | AMAZON COM INC | AMZN | 81,581 | $18.8M | 3.74% |
| 6 | META PLATFORMS INC | META | 23,740 | $15.7M | 3.11% |
| 7 | BROADCOM INC | AVGO | 40,740 | $14.1M | 2.80% |
| 8 | PHOTRONICS INC | PLAB | 313,404 | $10.0M | 1.99% |
| 9 | TESLA INC | TSLA | 21,979 | $9.9M | 1.96% |
| 10 | NETFLIX INC | NFLX | 103,032 | $9.7M | 1.92% |
| 11 | PALANTIR TECHNOLOGIES INC | PLTR | 53,622 | $9.5M | 1.89% |
| 12 | WALMART INC | WMT | 83,105 | $9.3M | 1.84% |
| 13 | MERCHANTS BANCORP IND | MBINN | 237,614 | $8.1M | 1.61% |
| 14 | AT&T INC | T-PC | 325,649 | $8.1M | 1.61% |
| 15 | NMI HLDGS INC | NMIH | 197,780 | $8.1M | 1.60% |
| 16 | RUSH ENTERPRISES INC | RUSHB | 148,811 | $8.0M | 1.59% |
| 17 | ARES CAPITAL CORP | ARCC | 392,429 | $7.9M | 1.58% |
| 18 | COSTAMARE INC | CMRE-PC | 497,977 | $7.9M | 1.56% |
| 19 | GREIF INC | GEF-B | 116,007 | $7.9M | 1.56% |
| 20 | FIRST FINL BANCORP OH | 320209109 | 310,200 | $7.8M | 1.54% |